Local Market Report April 2017
Los Angeles - Westside At Rodeo Realty, we believe education is the key to helping clients make the best possible Aprilisions 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
Palms
19
Beverlywood
6
Pacific Palisades
20
Brentwood
7
Playa Vista
21
Cheviot Hills - Rancho Park
8
Santa Monica
22
Culver City
9
Silverlake - Echo Park
23
Hancock Park
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
April 2016
Median Price $1,370,000
Properties Sold
27
Sales Volume $41,172,235
Average Sale Price
$1,524,898
Properties For Sale 154
Average Days on Market
49
Months Supply of Inventory 6
Average List Price
$6,667,044
April 2017
%Change
$1,362,500
-1%
24
-11%
$83,426,104
103%
$3,476,088
128%
159
3%
91
86%
7
17%
$4,073,422
-39%
*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
April 2016
Median Price $1,281,000
Properties Sold
28
Sales Volume $37,956,800
Average Sale Price
$1,355,600
Properties For Sale 87
Average Days on Market
43
Months Supply of Inventory 3
Average List Price
$1,340,604
April 2017
%Change
$1,160,000
-9%
36
29%
$36,044,725
-5%
$1,001,242
-26%
103
18%
46
7%
3
0%
$1,405,998
5%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverly Hills
April 2016
Median Price $1,826,500
Properties Sold
17
Sales Volume $69,285,300
Average Sale Price
$4,075,606
Properties For Sale 173
Average Days on Market
70
Months Supply of Inventory 10
Average List Price
$3,629,982
April 2017
%Change
$2,100,000
15%
31
82%
$110,724,995
60%
$3,571,774
-12%
156
-10%
85
21%
5
-50%
$4,585,335
26%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Beverly Hills P.O.
April 2016
Median Price $567,500
Properties Sold
22
Sales Volume $33,033,500
Average Sale Price
$1,501,523
Properties For Sale 173
Average Days on Market
108
Months Supply of Inventory 8
Average List Price
$4,930,832
April 2017 $35,500
-16%
18
-18%
$66,430,900
101%
$3,690,606
146%
196
13%
77
-29%
11
38%
$3,505,893
-29%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Beverlywood
April 2016
Median Price $1,081,000
Properties Sold
22
Sales Volume $21,459,607
Average Sale Price
$975,437
Properties For Sale 63
Average Days on Market
46
Months Supply of Inventory 3
Average List Price
$1,230,470
April 2017
%Change
$1,325,000
23%
19
-14%
$25,521,245
19%
$1,343,223
38%
49
-22%
35
-24%
3
0%
$1,220,240
-1%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Brentwood
April 2016
Median Price $2,057,500
Properties Sold
30
Sales Volume $97,350,505
Average Sale Price
$3,245,017
Properties For Sale 142
Average Days on Market
64
Months Supply of Inventory 5
Average List Price
$3,785,529
April 2017
%Change
$2,095,000
2%
31
3%
$74,460,845
-24%
$2,401,963
-26%
146
3%
41
-36%
5
0%
$3,672,795
-3%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Cheviot Hills - Rancho Park
April 2016
Median Price $2,260,000
Properties Sold
7
Sales Volume $13,843,950
Average Sale Price
$1,977,707
Properties For Sale 25
Average Days on Market
44
Months Supply of Inventory 4
Average List Price
$1,740,018
April 2017
%Change
$1,873,500
-17%
10
43%
$22,887,000
65%
$2,288,700
16%
36
44%
36
-18%
4
0%
$1,721,531
-1%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Culver City
April 2016
Median Price $1,125,000
Properties Sold
30
Sales Volume $31,768,349
Average Sale Price
$1,058,945
Properties For Sale 39
Average Days on Market
31
Months Supply of Inventory 1
Average List Price
$1,107,565
April 2017
%Change
$1,206,250
7%
24
-20%
$27,095,690
-15%
$1,128,987
7%
50
28%
27
-13%
2
100%
$929,848
-16%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hancock Park
April 2016
Median Price $1,269,825
Properties Sold
37
Sales Volume $59,121,300
Average Sale Price
$1,597,873
Properties For Sale 87
Average Days on Market
47
Months Supply of Inventory 2
Average List Price
$1,697,137
April 2017
%Change
$1,432,500
13%
40
8%
$60,786,415
3%
$1,519,660
-5%
105
21%
56
19%
3
50%
$1,489,583
-12%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hollywood
April 2016
Median Price $840,000
Properties Sold
6
Sales Volume $6,554,700
Average Sale Price
$1,092,450
Properties For Sale 34
Average Days on Market
77
Months Supply of Inventory 6
Average List Price
$1,129,321
April 2017 $19,000
-98%
8
33%
$2,671,050
-59%
$333,881
-69%
39
15%
54
-30%
5
-17%
$689,340
-39%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Hollywood Hills East
April 2016
Median Price $889,000
Properties Sold
19
Sales Volume $13,645,965
Average Sale Price
$718,209
Properties For Sale 80
Average Days on Market
65
Months Supply of Inventory 4
Average List Price
$1,081,533
April 2017
%Change
$1,105,000
24%
19
0%
$21,560,180
58%
$1,134,746
58%
91
14%
57
-12%
5
25%
$1,516,256
40%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Los Feliz
April 2016 Median Price $1,406,000
April 2017
%Change
$1,615,000
15%
Properties Sold 22 Sales Volume $28,513,250
21
-5%
$39,167,090
37%
$1,865,100
44%
95
53%
52
-16%
5
67%
$1,258,004
-8%
Average Sale Price
$1,296,057
Properties For Sale 62
Average Days on Market
62
Months Supply of Inventory 3
Average List Price
$1,361,594
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Malibu
April 2016
Median Price $860,000
Properties Sold
25
Sales Volume $31,475,825
Average Sale Price
$1,259,033
Properties For Sale 258
Average Days on Market
75
Months Supply of Inventory 10
Average List Price
$2,716,405
April 2017 $15,750
-98%
14
-44%
$28,714,695
-9%
$2,051,050
63%
254
-2%
110
47%
18
80%
$2,518,087
-7%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Malibu Beach
April 2016
Median Price $2,375,000
Properties Sold
6
Sales Volume $21,630,000
Average Sale Price
$3,605,000
Properties For Sale 214
Average Days on Market
522
Months Supply of Inventory 36
Average List Price
$4,681,845
April 2017 $35,000
-99%
9
50%
$20,441,995
-5%
$2,271,333
-37%
180
-16%
150
-71%
20
-44%
$2,971,793
-37%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Marina del Rey
April 2016
Median Price $899,000
Properties Sold
15
Sales Volume $17,242,990
Average Sale Price
$1,149,533
Properties For Sale 35
Average Days on Market
81
Months Supply of Inventory 2
Average List Price
$1,250,169
April 2017
%Change
$1,389,250
55%
6
-60%
$9,497,500
-45%
$1,582,917
38%
33
-6%
35
-57%
6
200%
$1,673,598
34%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Mid Los Angeles
April 2016
Median Price $631,250
Properties Sold
30
Sales Volume $19,782,100
Average Sale Price
$659,403
Properties For Sale 121
Average Days on Market
93
Months Supply of Inventory 4
Average List Price
$618,275
April 2017
%Change
$591,500
-6%
38
27%
$23,770,701
20%
$625,545
-5%
95
-21%
31
-67%
3
-25%
$791,745
28%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Mid Wilshire
April 2016
Median Price $737,000
Properties Sold
4
Sales Volume $2,327,200
Average Sale Price
$581,800
Properties For Sale 14
Average Days on Market
43
Months Supply of Inventory 4
Average List Price
$1,035,720
April 2017
%Change
$737,500
0%
5
25%
$3,114,050
34%
$622,810
7%
30
114%
40
-7%
6
50%
$891,495
-14%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Pacific Palisades
April 2016
Median Price $1,700,000
Properties Sold
29
Sales Volume $47,133,945
Average Sale Price
$1,625,308
Properties For Sale 158
Average Days on Market
45
Months Supply of Inventory 5
Average List Price
$2,884,019
April 2017
%Change
$1,575,000
-7%
38
31%
$68,211,736
45%
$1,795,046
10%
141
-11%
47
4%
4
-20%
$3,011,614
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
4%
Palms
April 2016
Median Price $1,250,000
Properties Sold
39
Sales Volume $49,431,040
Average Sale Price
$1,267,463
Properties For Sale 89
Average Days on Market
60
Months Supply of Inventory 2
Average List Price
$1,303,527
April 2017
%Change
$1,175,000
-6%
38
-3%
$33,570,093
-32%
$883,424
-30%
96
8%
34
-43%
3
50%
$1,217,605
-7%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Playa Vista
April 2016
Median Price $6,500
Properties Sold
33
Sales Volume $11,563,845
Average Sale Price
$350,420
Properties For Sale 29
Average Days on Market
41
Months Supply of Inventory 1
Average List Price
$559,328
April 2017
%Change
$959,000
14654%
19
-42%
$16,241,365
40%
$854,809
144%
55
90%
60
46%
3
200%
$1,038,774
86%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Santa Monica
April 2016
Median Price $10,000
Properties Sold
115
Sales Volume $100,505,300
Average Sale Price
$873,959
Properties For Sale 437
Average Days on Market
44
Months Supply of Inventory 4
Average List Price
$956,823
April 2017 $14,750
48%
116
1%
$107,969,445
7%
$930,771
7%
539
23%
52
18%
5
25%
$1,001,631
5%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Silverlake - Echo Park
April 2016
Median Price $774,000
Properties Sold
34
Sales Volume $23,710,753
Average Sale Price
$718,508
Properties For Sale 88
Average Days on Market
47
Months Supply of Inventory 3
Average List Price
$684,204
April 2017
%Change
$915,000
18%
39
15%
$36,069,122
52%
$924,849
29%
90
2%
51
9%
2
-33%
$952,272
39%
*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
April 2016
Median Price $1,300,000
Properties Sold
56
Sales Volume $91,774,600
Average Sale Price
$1,668,629
Properties For Sale 350
Average Days on Market
68
Months Supply of Inventory 6
Average List Price
$2,268,255
April 2017
%Change
$1,095,000
-16%
53
-5%
$60,504,890
-34%
$1,141,602
-32%
400
14%
51
-25%
8
33%
$2,118,754
-7%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Venice
April 2016
Median Price $1,410,000
Properties Sold
22
Sales Volume $34,860,950
Average Sale Price
$1,584,589
Properties For Sale 112
Average Days on Market
73
Months Supply of Inventory 5
Average List Price
$1,263,182
April 2017 $12,950
-99%
37
68%
$50,406,285
45%
$1,362,332
-14%
120
7%
46
-37%
3
-40%
$1,796,550
42%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
West Hollywood
April 2016
Median Price $5,848
Properties Sold
18
Sales Volume $10,680,145
Average Sale Price
$593,341
Properties For Sale 69
Average Days on Market
39
Months Supply of Inventory 4
Average List Price
$1,215,643
April 2017
%Change
$1,204,750
20501%
26
44%
$34,859,169
226%
$1,340,737
126%
56
-19%
45
15%
2
-50%
$1,422,736
17%
*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
April 2016
Median Price $895,000
Properties Sold
15
Sales Volume $12,972,395
Average Sale Price
$864,826
Properties For Sale 31
Average Days on Market
33
Months Supply of Inventory 2
Average List Price
$799,567
April 2017
%Change
$1,250,000
40%
14
-7%
$17,688,251
36%
$1,263,447
46%
34
10%
27
-18%
2
0%
$851,643
7%
*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
April 2016
Median Price $1,300,000
Properties Sold
28
Sales Volume $31,238,904
Average Sale Price
$1,115,675
Properties For Sale 71
Average Days on Market
37
Months Supply of Inventory 3
Average List Price
$1,669,905
April 2017
%Change
$1,684,000
30%
22
-21%
$32,910,269
5%
$1,495,921
34%
77
8%
27
-27%
4
33%
$1,560,939
-7%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
RODEO REALTY MARKETING DEPARTMENT