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
June 2012
June 2013
%Change
Median Price $2,075,000
$2,500,000
20
Properties Sold
17
70
10
Sales Volume $32,241,000
Properties Pending Sale
8
$60,907,500
89
14
75
Properties For Sale 144
118
-18
Average Days on Market
103
-18
Month’s Supply of Inventory 15
6
-60
Percent Under Contract
11.9
114
125
5.6
*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
June 2012
June 2013
%Change
Median Price $830,000
$1,075,000
30
23
77
$27,427,607
119
16
19
19
Properties For Sale 95
61
-36
63
26
2
-50
31.1
85
Properties Sold
13
Sales Volume $12,501,950
Properties Pending Sale
Average Days on Market
50
Month’s Supply of Inventory 4
Percent Under Contract
16.8
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverly Hills
June 2012
June 2013
%Change
Median Price $3,650,000
$3,240,000
-11
13
-24
$44,239,152
-48
14
27
109
-29
66
-8
6
-45
12.8
79
Properties Sold
17
Sales Volume $84,559,599
Properties Pending Sale
11
Properties For Sale 153
Average Days on Market
72
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.
June 2012
June 2013
%Change
Median Price $1,825,000
$1,400,000
-23
Properties Sold
13
Sales Volume $29,858,000
Properties Pending Sale
14
Properties For Sale 150
Average Days on Market
81
Month’s Supply of Inventory 9
Percent Under Contract
9.3
13
0
$35,187,000
18
16
14
122
-19
45
-44
6
-33
13.1
41
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverlywood
June 2012
June 2013
Median Price $730,000
$776,000
Properties Sold
12
%Change 6
26
117
$21,874,550
149
19
15
-21
Properties For Sale 75
56
-25
51
24
2
-33
Sales Volume $8,800,000
Properties Pending Sale
Average Days on Market
41
Month’s Supply of Inventory 3
Percent Under Contract
25.3
26.8
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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6
Brentwood
June 2012
June 2013
%Change
Median Price $1,650,000
$2,415,000
46
28
0
$77,273,359
38
23
-23
106
-29
32
-58
3
-25
Properties Sold
28
Sales Volume $56,987,000
Properties Pending Sale
30
Properties For Sale 149
Average Days on Market
76
Month’s Supply of Inventory 4
Percent Under Contract
20.1
21.7
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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8
Cheviot Hills - Rancho Park
June 2012
June 2013
%Change
Median Price $1,375,000
$1,487,500
8
15
67
$22,592,790
62
9
50
28
-7
26
-47
2
-50
32.1
61
Properties Sold
9
Sales Volume $13,972,000
Properties Pending Sale
6
Properties For Sale 30
Average Days on Market
49
Month’s Supply of Inventory 4
Percent Under Contract
20.0
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Culver City
June 2012
June 2013
Median Price $720,000
$778,500
8
20
-5
$11,980,500
-4
18
28
56
Properties For Sale 70
65
-7
34
0
1
-67
43.1
68
Properties Sold
21
Sales Volume $12,530,500
Properties Pending Sale
Average Days on Market
34
Month’s Supply of Inventory 3
Percent Under Contract
25.7
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Hancock Park - Wilshire
June 2012
June 2013
%Change
Median Price $914,000
$1,211,500
33
29
45
$38,849,200
55
32
68
117
-15
47
-8
2
-60
27.4
99
Properties Sold
20
Sales Volume $25,136,200
Properties Pending Sale
19
Properties For Sale 138
Average Days on Market
51
Month’s Supply of Inventory 5
Percent Under Contract
13.8
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Hollywood
June 2012
June 2013
Median Price $330,000
$552,500
67
4
-43
$1,937,000
-37
9
80
30
12
38
-37
2
-67
30.0
104
Properties Sold
7
Sales Volume $3,092,500
Properties Pending Sale
5
Properties For Sale 34
Average Days on Market
60
Month’s Supply of Inventory 6
Percent Under Contract
14.7
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Hollywood Hills East
June 2012
June 2013
%Change
Median Price $918,000
$1,017,500
11
20
82
$22,068,500
80
12
12
0
Properties For Sale 88
80
-9
16
-52
5
-17
15.0
10
Properties Sold
11
Sales Volume $12,272,500
Properties Pending Sale
Average Days on Market
33
Month’s Supply of Inventory 6
Percent Under Contract
13.6
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Los Feliz
June 2012
June 2013
%Change
Median Price $780,000
$1,153,225
48
28
65
$30,951,400
78
33
74
110
6
43
-23
2
-50
30.0
64
Properties Sold
17
Sales Volume $17,153,900
Properties Pending Sale
19
Properties For Sale 104
Average Days on Market
56
Month’s Supply of Inventory 4
Percent Under Contract
18.3
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Malibu
June 2012
June 2013
%Change
Median Price $1,600,000
$2,100,000
31
19
12
$54,323,300
57
23
44
226
-10
108
-27
8
-38
10.2
60
Properties Sold
17
Sales Volume $34,562,500
Properties Pending Sale
16
Properties For Sale 251
Average Days on Market
148
Month’s Supply of Inventory 13
Percent Under Contract
6.4
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Malibu Beach
June 2012
June 2013
%Change
Median Price $6,093,750
$3,940,000
-35
4
-43
$14,861,000
-61
3
-25
79
-23
41
48
17
Month’s Supply of Inventory 23
24
4
3.8
-2
Properties Sold
7
Sales Volume $38,518,750
Properties Pending Sale
4
Properties For Sale 103
Average Days on Market
Percent Under Contract
3.9
*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
June 2012
June 2013
%Change
Median Price $518,800
$1,728,750
233
2
100
$3,457,500
566
3
-67
18
-33
43
-10
4
300
16.7
-50
Properties Sold
1
Sales Volume $518,800
Properties Pending Sale
9
Properties For Sale 27
Average Days on Market
48
Month’s Supply of Inventory 1
Percent Under Contract
33.3
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Mid Los Angeles
June 2012
June 2013
Median Price $308,750
$395,000
28
25
-34
Properties Sold
38
Sales Volume $8,261,550
Properties Pending Sale
31
Properties For Sale 176
Average Days on Market
91
Month’s Supply of Inventory 4
Percent Under Contract
17.6
$8,819,200
7
24
-23
108
-39
38
-58
3
-25
22.2
26
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Mid Wilshire
June 2012
June 2013
Median Price $425,000
$900,000
112
1
-89
$0
-100
2
-71
21
-43
24
65
8
100
9.5
-50
Properties Sold
9
Sales Volume $2,247,500
Properties Pending Sale
7
Properties For Sale 37
Average Days on Market
69
Month’s Supply of Inventory 4
Percent Under Contract
18.9
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Pacific Palisades
June 2012
June 2013
%Change
Median Price $1,601,000
$1,982,500
24
36
24
$128,344,828
103
37
-12
141
-23
42
8
3
0
26.2
14
Properties Sold
29
Sales Volume $63,092,900
Properties Pending Sale
42
Properties For Sale 182
Average Days on Market
39
Month’s Supply of Inventory 3
Percent Under Contract
23.1
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Palms - Mar Vista
June 2012
June 2013
Median Price $802,500
$808,000
Properties Sold
40
%Change 1
30
-25
$26,914,585
-19
27
37
37
Properties For Sale 97
77
-21
21
-40
1
-50
48.1
73
Sales Volume $32,220,051
Properties Pending Sale
Average Days on Market
35
Month’s Supply of Inventory 2
Percent Under Contract
27.8
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Playa Vista
June 2012
June 2013
Median Price $1,385,000
$0
-100
0
-100
$0
-100
3
1
-67
Properties For Sale 5
6
20
25
-67
5
N/A
16.7
-72
Properties Sold
1
Sales Volume $1,385,000
Properties Pending Sale
Average Days on Market
76
Month’s Supply of Inventory 0
Percent Under Contract
60.0
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Santa Monica
June 2012
June 2013
%Change
Median Price $1,825,000
$2,050,000
12
24
-4
$56,388,111
23
21
5
82
-35
31
-30
3
-40
25.6
61
Properties Sold
25
Sales Volume $47,462,117
Properties Pending Sale
20
Properties For Sale 126
Average Days on Market
44
Month’s Supply of Inventory 5
Percent Under Contract
15.9
*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
June 2012
June 2013
Median Price $650,000
$744,500
15
32
-9
$20,507,756
8
29
21
83
-28
46
-26
2
-33
34.9
67
Properties Sold
35
Sales Volume $19,070,150
Properties Pending Sale
24
Properties For Sale 115
Average Days on Market
62
Month’s Supply of Inventory 3
Percent Under Contract
20.9
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Sunset Strip - Hollywood Hills West
June 2012
June 2013
%Change
Median Price $1,705,000
$1,675,000
-2
55
-49
$100,406,989
27
41
5
249
-23
45
-34
4
-33
16.5
36
Properties Sold
37
Sales Volume $79,049,610
Properties Pending Sale
39
Properties For Sale 323
Average Days on Market
68
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.
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Venice
June 2012
June 2013
%Change
Median Price $1,252,500
$1,400,000
12
21
5
$29,590,967
23
17
-32
72
-31
58
-32
2
-33
23.6
-1
Properties Sold
20
Sales Volume $24,031,500
Properties Pending Sale
25
Properties For Sale 105
Average Days on Market
85
Month’s Supply of Inventory 3
Percent Under Contract
23.8
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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West Hollywood
June 2012
June 2013
Median Price $1,112,310
$930,000
-16
8
33
$7,512,600
1
10
16
60
Properties For Sale 61
45
-26
16
-74
2
-50
35.6
117
Properties Sold
6
Sales Volume $7,407,620
Properties Pending Sale
Average Days on Market
62
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.
Rodeo Realty RodeoRE.com
%Change
West Los Angeles
June 2012
June 2013
Median Price $530,000
$772,500
46
6
-14
$2,995,000
-22
5
-50
25
-32
22
-61
4
100
20.0
-26
Properties Sold
7
Sales Volume $3,856,700
Properties Pending Sale
10
Properties For Sale 37
Average Days on Market
56
Month’s Supply of Inventory 2
Percent Under Contract
27.0
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Westwood - Century City
June 2012
June 2013
%Change
Median Price $1,350,000
$1,311,250
-3
Properties Sold
10
Sales Volume $14,247,400
Properties Pending Sale
18
Properties For Sale 78
Average Days on Market
44
Month’s Supply of Inventory 3
Percent Under Contract
23.1
22
120
$33,355,110
134
7
-61
46
-41
20
-55
5
67
15.2
-34
*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