Local Market Report
Los Angeles - Westside At Rodeo Realty, we believe education is the key to helping clients make the best possible decisions about buying and selling homes. Our Local Market Reports provide comprehensive analyses of real estate trends in specific communities, versus quoting national, state, and/or county statistics. The fact is market conditions can vary greatly from neighborhood to neighborhood, and sometimes from one block to the next.
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Table of Contents Bel Air - Holmby Hills
2
Marina del Rey
16
Beverly Center - Miracle Mile
3
Mid Los Angeles
17
Beverly Hills
4
Mid Wilshire
18
Beverly Hills P.O.
5
Pacific Palisades
19
Beverlywood
6
Palms - Mar Vista
20
Brentwood
7
Playa Vista
21
Cheviot Hills - Rancho Park
8
Santa Monica
22
Culver City
9
Silverlake - Echo Park
23
Hancock Park - Wilshire
10
Hollywood
11
Sunset Strip Hollywood Hills West
24
Hollywood Hills East
12
Venice
25
Los Feliz
13
West Hollywood
26
Malibu
14
West Los Angeles
27
Malibu Beach
15
Westwood - Century City
28
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Bel Air-Holmby Hills
July 2012
July 2013
%Change
Median Price $1,925,000
$2,062,500
7
Properties Sold
16
78
9
Sales Volume $18,810,000
Properties Pending Sale
13
$57,565,000
206
20
54
Properties For Sale 147
128
-13
Average Days on Market
46
-6
Month’s Supply of Inventory 9
5
-44
Percent Under Contract
15.6
77
49
8.8
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverly Center - Miracle Mile
July 2012
July 2013
%Change
Median Price $800,000
$1,210,000
51
22
10
$27,894,200
57
26
30
15
Properties For Sale 94
71
-24
35
-15
1
-50
42.3
53
Properties Sold
20
Sales Volume $17,799,750
Properties Pending Sale
Average Days on Market
41
Month’s Supply of Inventory 2
Percent Under Contract
27.7
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverly Hills
July 2012
July 2013
%Change
Median Price $2,725,000
$3,700,000
36
14
27
$63,947,315
100
18
64
117
-24
60
-33
5
-55
15.4
114
Properties Sold
11
Sales Volume $31,996,500
Properties Pending Sale
11
Properties For Sale 153
Average Days on Market
90
Month’s Supply of Inventory 11
Percent Under Contract
7.2
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverly Hills P.O.
July 2012
July 2013
%Change
Median Price $1,728,000
$2,200,500
27
20
82
$70,011,905
213
20
25
124
-15
61
-50
4
-43
16.1
47
Properties Sold
11
Sales Volume $22,369,130
Properties Pending Sale
16
Properties For Sale14 146
Average Days on Market
123
Month’s Supply of Inventory 7
Percent Under Contract
11.0
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverlywood
July 2012
July 2013
%Change
Median Price $751,500
$905,000
20
17
-26
$14,486,120
-26
20
18
-10
Properties For Sale 73
63
-14
19
-56
2
0
28.6
4
Properties Sold
23
Sales Volume $19,636,410
Properties Pending Sale
Average Days on Market
43
Month’s Supply of Inventory 2
Percent Under Contract
27.4
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Brentwood
June 2012
June 2013
%Change
Median Price $1,710,000
$2,499,500
46
28
17
$95,373,884
4
24
-8
108
-20
54
-33
3
0
22.2
15
Properties Sold
24
Sales Volume $91,559,695
Properties Pending Sale
26
Properties For Sale 135
Average Days on Market
80
Month’s Supply of Inventory 3
Percent Under Contract
19.3
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Cheviot Hills - Rancho Park
July 2012
July 2013
%Change
Median Price $1,430,141
$1,925,000
35
7
40
$15,439,000
131
Properties Sold
5
Sales Volume $6,680,141
Properties Pending Sale
8
Properties For Sale 35
Average Days on Market
30
Month’s Supply of Inventory 3
Percent Under Contract
22.9
8
0
25
-29
35
17
2
-33
32.0
40
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Culver City
July 2012
July 2013
%Change
Median Price $725,000
$807,500
11
26
63
$19,844,200
88
27
23
-15
Properties For Sale 82
72
-12
38
-5
2
0
31.9
-3
Properties Sold
16
Sales Volume $10,581,200
Properties Pending Sale
Average Days on Market
40
Month’s Supply of Inventory 2
Percent Under Contract
32.9
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Hancock Park - Wilshire
July 2012
July 2013
%Change
Median Price $985,000
$1,128,500
15
28
33
$39,204,800
45
20
-5
109
-18
47
4
3
-25
18.3
16
Properties Sold
21
Sales Volume $27,090,442
Properties Pending Sale
21
Properties For Sale 133
Average Days on Market
45
Month’s Supply of Inventory 4
Percent Under Contract
15.8
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Hollywood
July 2012
July 2013
%Change
Median Price $450,000
$588,950
31
12
140
$6,412,200
245
6
-14
26
-32
51
65
3
-25
23.1
25
Properties Sold
5
Sales Volume $1,860,000
Properties Pending Sale
7
Properties For Sale 38
Average Days on Market
31
Month’s Supply of Inventory 4
Percent Under Contract
18.4
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hollywood Hills East
July 2012
July 2013
%Change
Median Price $925,000
$1,065,000
15
7
-46
$7,142,500
-45
17
16
-6
Properties For Sale 95
74
-22
50
-38
3
-25
21.6
21
Properties Sold
13
Sales Volume $13,092,300
Properties Pending Sale
Average Days on Market
81
Month’s Supply of Inventory 4
Percent Under Contract
17.9
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Los Feliz
July 2012
July 2013
%Change
Median Price $862,500
$1,186,000
38
31
55
$35,906,400
47
27
42
90
-22
78
189
2
-50
30.0
83
Properties Sold
20
Sales Volume $24,355,000
Properties Pending Sale
19
Properties For Sale 116
Average Days on Market
27
Month’s Supply of Inventory 4
Percent Under Contract
16.4
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Malibu
July 2012
July 2013
%Change
Median Price $2085,000
$1,847,500
-11
18
64
$46,456,750
60
18
64
224
-6
111
-8
10
-47
8.0
75
Properties Sold
11
Sales Volume $29,009,000
Properties Pending Sale
11
Properties For Sale 239
Average Days on Market
120
Month’s Supply of Inventory 19
Percent Under Contract
4.6
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Malibu Beach
July 2012
July 2013
%Change
Median Price $9,150,000
$2,218,750
-76
4
100
$15,765,250
-14
5
150
84
-18
300
191
14
-70
6.0
204
Properties Sold
2
Sales Volume $18,300,000
Properties Pending Sale
2
Properties For Sale 102
Average Days on Market
103
Month’s Supply of Inventory 46
Percent Under Contract
2.0
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Marina del Rey
July 2012
July 2013
%Change
Median Price $1,303,750
$1,262,500
-3
6
0
$7,600,000
21
4
-20
19
-5
34
-44
3
0
Properties Sold
6
Sales Volume $6,257,500
Properties Pending Sale
5
Properties For Sale 20
Average Days on Market
61
Month’s Supply of Inventory 3
Percent Under Contract
25.0
21.1
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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-16
Mid Los Angeles
July 2012
July 2013
%Change
Median Price $303,500
$398,000
31
27
13
$7,284,000
21
34
17
144
-15
33
-40
3
-25
23.6
38
Properties Sold
24
Sales Volume $6,015,400
Properties Pending Sale
29
Properties For Sale 169
Average Days on Market
55
Month’s Supply of Inventory 4
Percent Under Contract
17.2
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Mid Wilshire
July 2012
July 2013
%Change
Median Price $414,000
$330,000
-20
1
-75
$330,000
-16
2
-33
25
-26
41
413
9
0
8.0
-9
Properties Sold
4
Sales Volume $393,000
Properties Pending Sale
3
Properties For Sale 34
Average Days on Market
8
Month’s Supply of Inventory 9
Percent Under Contract
8.8
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Pacific Palisades
July 2012
July 2013
%Change
Median Price $1,857,500
$2,026,187
9
36
13
$83,028,561
9
38
52
133
-16
37
-39
2
-60
28.6
81
Properties Sold
32
Sales Volume $75,842,325
Properties Pending Sale
25
Properties For Sale 158
Average Days on Market
61
Month’s Supply of Inventory 5
Percent Under Contract
15.8
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Palms - Mar Vista
July 2013
July 2013
%Change
Median Price $765,000
$905,000
18
31
11
$30,153,500
33
31
33
6
Properties For Sale 95
78
-18
32
-62
1
-50
42.3
30
Properties Sold
28
Sales Volume $22,569,900
Properties Pending Sale
Average Days on Market
84
Month’s Supply of Inventory 2
Percent Under Contract
32.6
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Playa Vista
July 2012
July 2013
%Change
Median Price $1,525,000
$1,499,000
-2
1
0
$1,499,000
-2
Properties Sold
1
Sales Volume $1,525,000
Properties Pending Sale
0
4
N/A
Properties For Sale 2
8
300
23
N/A
1
N/A
50.0
N/A
Average Days on Market
N/A
Month’s Supply of Inventory N/A
Percent Under Contract
0.0
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Santa Monica
July 2012
July 2013
%Change
Median Price $1,517,500
$2,683,000
77
26
30
$78,468,000
56
26
-4
85
-25
45
-32
2
-33
30.6
29
Properties Sold
20
Sales Volume $50,333,001
Properties Pending Sale
27
Properties For Sale 114
Average Days on Market
66
Month’s Supply of Inventory 3
Percent Under Contract
23.7
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Silverlake - Echo Park
July 2012
July 2013
%Change
Median Price $620,000
$685,000
10
29
0
$16,759,320
5
32
33
94
-18
22
-42
2
-33
34.0
62
Properties Sold
29
Sales Volume $15,968,200
Properties Pending Sale
24
Properties For Sale 114
Average Days on Market
38
Month’s Supply of Inventory 3
Percent Under Contract
21.1
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Sunset Strip - Hollywood Hills West
July 2012
July 2013
%Change
Median Price $1,144,500
$1,400,000
22
33
-8
$51,938,758
-7
38
-3
277
-14
67
24
5
-17
13.7
13
Properties Sold
36
Sales Volume $56,067,000
Properties Pending Sale
39
Properties For Sale 322
Average Days on Market
54
Month’s Supply of Inventory 6
Percent Under Contract
12.1
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Venice
July 2012
July 2013
%Change
Median Price $1,320,000
$1,347,500
2
21
40
$27,295,800
43
17
-23
73
-28
28
-39
3
0
23.3
7
Properties Sold
15
Sales Volume $19,051,200
Properties Pending Sale
22
Properties For Sale 101
Average Days on Market
46
Month’s Supply of Inventory 3
Percent Under Contract
21.8
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
West Hollywood
July 2012
July 2013
%Change
Median Price $899,000
$950,750
6
12
-8
$13,753,500
2
Properties Sold
13
Sales Volume $13,536,000
Properties Pending Sale
11
Properties For Sale 50
Average Days on Market
59
Month’s Supply of Inventory 3
Percent Under Contract
22.0
8
-27
47
-6
41
-31
4
33
17.0
-23
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
West Los Angeles
July 2012
July 2013
%Change
Median Price $644,500
$900,000
40
7
-42
$7,322,500
19
7
133
33
-3
54
-45
3
-67
21.2
140
Properties Sold
12
Sales Volume $6,153,000
Properties Pending Sale
3
Properties For Sale 34
Average Days on Market
98
Month’s Supply of Inventory 9
Percent Under Contract
8.8
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Westwood - Century City
July 2012
July 2013
%Change
Median Price $1,297,630
$1,915,000
48
11
-31
$24,619,250
-7
12
17
42
Properties For Sale 78
55
-29
24
-72
2
-60
30.9
101
Properties Sold
16
Sales Volume $26,520,760
Properties Pending Sale
Average Days on Market
87
Month’s Supply of Inventory 5
Percent Under Contract
15.4
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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RODEO REALTY MARKETING DEPARTMENT