Local market report westside august 2017

Local Market Report

August

20 17

Westside / Los Angeles

RodeoRE.com

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

Rodeo Realty RodeoRE.com

Bel Air-Holmby Hills

August 2016

Median Price $38,550

Properties Sold

26

Sales Volume $26,808,799

Average Sale Price

$1,031,108

Properties For Sale 246

Average Days on Market

69

Months Supply of Inventory 9

Average List Price

$3,262,890

August 2017 %Change $1,167,500 24

-8%

$66,222,253

147%

$2,759,261

168%

258

5%

75

9%

11

22%

$3,240,862

-1%

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com

2929%

Beverly Center - Miracle Mile

August 2016

Median Price $701,300

Properties Sold

73

Sales Volume $65,770,380

Average Sale Price

$900,964

Properties For Sale 223

Average Days on Market

68

Months Supply of Inventory 3

Average List Price

$703,233

August 2017 %Change $530,000

-24%

81

11%

$80,571,784

23%

$994,713

10%

282

26%

39

-43%

3

0%

$645,405

-8%

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com

Beverly Hills

August 2016

Median Price $7,995

Properties Sold

59

Sales Volume $64,573,515

Average Sale Price

$1,094,466

Properties For Sale 359

Average Days on Market

60

Months Supply of Inventory 6

Average List Price

$3,346,900

August 2017 %Change $33,750 64

8%

$99,870,500

55%

$1,560,477

43%

431

20%

49

-18%

7

17%

$2,747,279

-18%

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com

322%

Beverly Hills P.O.

August 2016

Median Price $1,662,500

Properties Sold

22

Sales Volume $49,855,100

Average Sale Price

$2,266,141

Properties For Sale 230

Average Days on Market

68

Months Supply of Inventory 10

Average List Price

$3,821,855

August 2017 %Change $1,756,250

6%

30

36%

$72,848,230

46%

$2,428,274

7%

187

-19%

87

28%

6

-40%

$3,326,441

-13%

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com

Beverlywood

August 2016

Median Price $975,000

Properties Sold

45

Sales Volume $40,858,906

Average Sale Price

$907,976

Properties For Sale 113

Average Days on Market

40

Months Supply of Inventory 3

Average List Price

$975,000

August 2017 %Change $725,000

-26%

37

-18%

$31,634,716

-23%

$854,992

-6%

99

-12%

35

-13%

3

0%

$725,000

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com

-26%

Brentwood

August 2016

Median Price $740,000

Properties Sold

83

Sales Volume $108,055,973

Average Sale Price

$1,301,879

Properties For Sale 83

Average Days on Market

48

Months Supply of Inventory 3

Average List Price

$1,376,216

August 2017 %Change $832,000

12%

66

-20%

$106,122,419

-2%

$1,607,915

24%

66

-20%

42

-13%

4

33%

$1,649,405

20%

*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

August 2016

Median Price $2,330,000

Properties Sold

17

Sales Volume $34,690,725

Average Sale Price

$2,040,631

Properties For Sale 17

Average Days on Market

49

Months Supply of Inventory 2

Average List Price

$1,895,700

August 2017 %Change $1,420,000

-39%

13

-24%

$17,266,740

-50%

$1,328,211

-35%

13

-24%

25

-49%

3

50%

$1,277,017

-33%

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com

Culver City

August 2016

Median Price $580,000

Properties Sold

65

Sales Volume $48,114,277

Average Sale Price

$740,220

Properties For Sale 65

Average Days on Market

54

Months Supply of Inventory 2

Average List Price

$606,318

August 2017 %Change $764,500

32%

62

-5%

$45,297,200

-6%

$730,600

-1%

62

-5%

21

-61%

2

0%

$777,464

28%

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com

Hancock Park

August 2016

Median Price $960,000

Properties Sold

83

Sales Volume $90,441,387

Average Sale Price

$1,089,655

Properties For Sale 83

Average Days on Market

54

Months Supply of Inventory 3

Average List Price

$1,148,790

August 2017 %Change $1,020,000 73

-12%

$79,183,888

-12%

$1,084,711

0%

73

-12%

37

-31%

3

0%

$856,903

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com

6%

-25%

Hollywood

August 2016

Median Price $652,500

Properties Sold

54

Sales Volume $40,791,711

Average Sale Price

$755,402

Properties For Sale 204

Average Days on Market

71

Months Supply of Inventory 4

Average List Price

$636,749

August 2017 %Change $623,750

-4%

48

-11%

$31,311,075

-23%

$652,314

-14%

271

33%

46

-35%

6

50%

$755,280

19%

*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

August 2016

Median Price $468,000

Properties Sold

25

Sales Volume $16,398,285

Average Sale Price

$655,931

Properties For Sale 25

Average Days on Market

37

Months Supply of Inventory 7

Average List Price

$767,197

August 2017 %Change $22,164 25

0%

$14,747,689

-10%

$589,908

-10%

25

0%

54

46%

4

-43%

$731,265

-5%

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com

-95%

Los Feliz

August 2016

Median Price $1,350,000

August 2017 %Change $1,077,500

-20%

Properties Sold 34

Sales Volume $41,957,825

40

18%

$52,557,525

25%

$1,313,938

6%

40

18%

41

-2%

4

0%

Average Sale Price

$1,234,054

Properties For Sale 34

Average Days on Market

42

Months Supply of Inventory 4

Average List Price

$1,419,006

$934,790

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com

-34%

Malibu

August 2016

Median Price $782,500

Properties Sold

54

Sales Volume $82,373,252

Average Sale Price

$1,525,431

Properties For Sale 493

Average Days on Market

113

Months Supply of Inventory 9

Average List Price

$1,726,950

August 2017 %Change $42,500

-95%

70

30%

$105,612,652

28%

$1,508,752

-1%

462

-6%

103

-9%

7

-22%

$1,919,764

11%

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com

Malibu Beach

August 2016

Median Price $30,000

Properties Sold

20

Sales Volume $55,381,250

Average Sale Price

$2,769,063

Properties For Sale 20

Average Days on Market

101

Months Supply of Inventory 13

Average List Price

$2,586,404

August 2017 %Change $100,000

233%

17

-15%

$26,027,145

-53%

$1,531,009

-45%

17

-15%

120

19%

14

8%

$2,512,374

-3%

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com

Marina del Rey

August 2016

Median Price $5,535

Properties Sold

81

Sales Volume $48,244,460

Average Sale Price

$595,611

Properties For Sale 215

Average Days on Market

48

Months Supply of Inventory 3

Average List Price

$522,711

August 2017 %Change $817,500 76

-6%

$56,653,005

17%

$745,434

25%

219

2%

41

-15%

3

0%

$569,411

9%

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com

14670%

Mid Los Angeles

August 2016

Median Price $640,000

Properties Sold

70

Sales Volume $47,022,799

Average Sale Price

$671,754

Properties For Sale 70

Average Days on Market

51

Months Supply of Inventory 4

Average List Price

$666,617

August 2016 %Change $702,000

10%

85

21%

$66,956,115

42%

$787,719

17%

85

21%

39

-24%

3

-25%

$758,006

14%

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com

Mid Wilshire

August 2016

Median Price $607,912

Properties Sold

46

Sales Volume $22,303,484

Average Sale Price

$484,858

Properties For Sale 46

Average Days on Market

49

Months Supply of Inventory 4

Average List Price

August 2017 %Change $753,656

24%

53

15%

$34,705,040

56%

$654,812

35%

53

15%

40

-18%

4

0%

$753,656

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com

#VALUE!

Pacific Palisades

August 2016

Median Price $785,000

Properties Sold

68

Sales Volume $110,316,029

Average Sale Price

$1,622,295

Properties For Sale 68

Average Days on Market

49

Months Supply of Inventory 3

Average List Price

$2,363,199

August 2017 %Change $1,335,000

70%

73

7%

$127,028,184

15%

$1,740,112

7%

73

7%

39

-20%

3

0%

$2,192,137

-7%

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com

Palms

August 2016

Median Price $930,000

Properties Sold

57

Sales Volume $62,052,625

Average Sale Price

$1,088,643

Properties For Sale 57

Average Days on Market

49

Months Supply of Inventory 2

Average List Price

$989,205

August 2017 %Change $745,000

-20%

63

11%

$56,132,506

-10%

$890,992

-18%

63

11%

27

-45%

3

50%

$975,109

-1%v

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com

Playa Vista

August 2016

Median Price $7,750

Properties Sold

22

Sales Volume $8,496,150

Average Sale Price

$386,189

Properties For Sale 54

Average Days on Market

35

Months Supply of Inventory 2

Average List Price

$560,305

August 2017 %Change $825,000 31

41%

$26,931,335

217%

$868,753

125%

64

19%

29

-17%

2

0%

$836,066

49%

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com

10545%

Santa Monica

August 2016

Median Price $11,000

Properties Sold

142

Sales Volume $113,747,930

Average Sale Price

$801,042

Properties For Sale 142

Average Days on Market

50

Months Supply of Inventory 3

Average List Price

$1,068,629

August 2017 %Change $12,500

14%

154

8%

$122,385,817

8%

$794,713

-1%

154

8%

37

-26%

4

33%

$874,831

-18%

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com

Silverlake - Echo Park

August 2016

Median Price $786,500

Properties Sold

90

Sales Volume $64,003,838

Average Sale Price

$711,154

Properties For Sale 90

Average Days on Market

45

Months Supply of Inventory 3

Average List Price

$765,172

August 2017 %Change $950,000

21%

63

-30%

$53,757,386

-16%

$853,292

20%

63

-30%

32

-29%

4

33%

$803,979

5%

*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

August 2016

Median Price $355,000

Properties Sold

87

Sales Volume $93,152,068

Average Sale Price

$1,070,713

Properties For Sale 548

Average Days on Market

56

Months Supply of Inventory 6

Average List Price

$1,519,595

August 2017 %Change $955,000 80

-8%

$109,823,996

18%

$1,372,800

28%

581

6%

43

-23%

7

17%

$1,463,289

-4%

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com

169%

Venice

August 2016

Median Price $1,235,000

Properties Sold

44

Sales Volume $47,660,861

Average Sale Price

$1,083,201

Properties For Sale 239

Average Days on Market

58

Months Supply of Inventory 5

Average List Price

$1,036,697

August 2017 %Change $25,000

-98%

51

16%

$49,791,230

4%

$976,299 250

5%

51

-12%

5

0%

$1,214,506

17%

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com

-10%

West Hollywood

August 2016

Median Price $427,000

Properties Sold

89

Sales Volume $48,580,801

Average Sale Price

$545,852

Properties For Sale 247

Average Days on Market

40

Months Supply of Inventory 3

Average List Price

$650,948

August 2017 %Change $11,000

-97%

99

11%

$51,663,364

6%

$521,852

-4%

295

19%

35

-13%

3

0%

$806,152

24%

*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

August 2016

Median Price $599,000

Properties Sold

59

Sales Volume $29,029,334

Average Sale Price

$492,023

Properties For Sale 139

Average Days on Market

32

Months Supply of Inventory 2

Average List Price

$848,480

August 2017 %Change $600,000

0%

62

5%

$35,207,006

21%

$567,855

15%

145

4%

31

-3%

2

0%

$697,278

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com

-18%

Westwood - Century City

August 2016

Median Price $465,113

Properties Sold

150

Sales Volume $117,684,115

Average Sale Price

$784,561

Properties For Sale 407

Average Days on Market

58

Months Supply of Inventory 3

Average List Price

$906,222

August 2017 %Change $20,000

-96%

126

-16%

$85,019,026

-28%

$674,754

-14%

445

9%

37

-36%

4

33%

$778,297

-14%

*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