Local market report westside april 2017

Page 1

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.

Rodeo Realty RodeoRE.com


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.

Rodeo Realty RodeoRE.com


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


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