Local Market Report
20 17 December
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
Dec 2016
Median Price $1,375,000
Properties Sold
11
Sales Volume $90,921,000
Average Sale Price
$8,265,545
Properties For Sale 11
Average Days on Market
71
Months Supply of Inventory 9
Average List Price
$12,170,666
Dec 2017 $2,642,500
92%
16
45%
$89,835,000
-1%
$5,614,688
-32%
16
45%
42
-41%
6
-33%
$6,626,625
-46%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Beverly Center - Miracle Mile
Dec 2016
Median Price $1,432,500
Properties Sold
22
Sales Volume $31,012,000
Average Sale Price
$1,409,636
Properties For Sale 83
Average Days on Market
52
Months Supply of Inventory 4
Average List Price
$1,754,741
Dec 2017 $1,357,000
-5%
21
-5%
$29,771,000
-4%
$1,417,667
1%
40
-52%
31
-40%
2
-50%
$1,905,682
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
9%
Beverly Hills
Dec 2016
Median Price $2,642,500
Properties Sold
30
Sales Volume $187,203,500
Average Sale Price
$6,240,117
Properties For Sale 30
Average Days on Market
110
Months Supply of Inventory 8
Average List Price
$5,179,193
Dec 2017 $2,422,500
-8%
30
0%
$125,092,444
-33%
$4,169,748
-33%
30
0%
56
-49%
6
-25%
$8,509,673
64%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Beverly Hills P.O.
Dec 2016
Median Price $2,028,000
Dec 2017
%Change
$3,475,000
71%
9
80%
$39,615,000
-6%
$4,401,667
-48%
101
-11%
88
67
-24%
Months Supply of Inventory 23
11
-52%
Properties Sold
5
Sales Volume $41,948,000
Average Sale Price
$8,389,600
Properties For Sale 114
Average Days on Market
Average List Price
$4,382,177
$4,403,583
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
0%
Beverlywood
Dec 2016
Median Price $1,290,000
Properties Sold
19
Sales Volume $26,556,002
Average Sale Price
$1,397,684
Properties For Sale 32
Average Days on Market
45
Months Supply of Inventory 2
Average List Price
$1,336,986
Dec 2017 $1,269,500
-2%
12
-37%
$18,054,000
-32%
$1,504,500
8%
29
-9%
34
-24%
2
0%
$1,511,495
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
13%8%
Rodeo Realty RodeoRE.com
%Change
Brentwood
Dec 2016
Median Price $1,715,000
Properties Sold
32
Sales Volume $81,349,491
Average Sale Price
$2,542,172
Properties For Sale 78
Average Days on Market
63
Months Supply of Inventory 2
Average List Price
$6,668,623
Dec 2017 $1,750,000
2%
39
22%
$111,946,700
38%
$2,870,428
13%
93
19%
45
-29%
2
0%
$4,990,678
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
-25%
Cheviot Hills - Rancho Park
Dec 2016
Median Price $1,905,000
Properties Sold
8
Sales Volume $10,233,000
Average Sale Price
$2,342,500
Properties For Sale 18
Average Days on Market
55
Months Supply of Inventory 2
Average List Price
$3,472,875
Dec 2017 $1,818,750
-5%
6
-25%
$15,878,805
55%
$1,745,954
-25%
14
-22%
30
-45%
2
0%
$2,846,250
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
-18%
Culver City
Dec 2016
Median Price $1,025,563
Properties Sold
32
Sales Volume $30,355,975
Average Sale Price
$948,624
Properties For Sale 43
Average Days on Market
29
Months Supply of Inventory 1
Average List Price
$950,994
Dec 2017
%Change
$850,000
-17%
36
13%
$31,370,030
3%
$871,390
-8%
31
-28%
32
10%
1
0%
$1,054,350
11%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hancock Park
Dec 2016
Median Price $1,250,000
Properties Sold
31
Sales Volume $42,588,577
Average Sale Price
$1,373,825
Properties For Sale 132
Average Days on Market
82
Months Supply of Inventory 4
Average List Price
$1,508,908
Dec 2017 $1,549,500
24%
38
23%
$66,835,111
57%
$1,758,819
28%
69
-48%
27
-67%
2
-50%
$1,170,243
-22%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Hollywood
Dec 2016
Dec 2017
%Change
Median Price $604,000
$882,688
46%
22
47%
$20,111,344
111%
$914,152
44%
22
47%
47
-2%
2
-50%
$1,272,190
25%
Properties Sold
15
Sales Volume $9,518,450
Average Sale Price
$634,563
Properties For Sale 15
Average Days on Market
48
Months Supply of Inventory 4
Average List Price
$1,016,290
*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
Dec 2016
Median Price $1,125,000
Properties Sold
13
Sales Volume $16,183,342
Average Sale Price
$1,244,872
Properties For Sale 66
Average Days on Market
50
Months Supply of Inventory 5
Average List Price
$1,807,615
Dec 2017 $1,599,000
42%
17
31%
$30,551,550
89%
$1,797,150
44%
47
-29%
64
28%
3
-40%
$1,596,041
-12%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Los Feliz
Dec 2016 Median Price $1,715,625
Dec 2017 $1,650,000
-4%
Properties Sold 20 Sales Volume $37,414,400
11
-45%
$17,857,255
-52%
$1,623,387
-13%
46
-35%
33
-35%
4
0%
$1,656,393
-4%
Average Sale Price
$1,870,720
Properties For Sale 71
Average Days on Market
51
Months Supply of Inventory 4
Average List Price
$1,728,190
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Malibu
Dec 2016
Median Price $3,600,000
Properties Sold
12
Sales Volume $52,416,250
Average Sale Price
$4,368,021
Properties For Sale 12
Average Days on Market
105
Months Supply of Inventory 15
Average List Price
$4,240,935
Dec 2017 $1,710,000
-53%
15
25%
$33,978,000
-35%
$2,265,200
-48%
15
25%
131
25%
9
-40%
$3,505,500
-17%
*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
Dec 2016
Median Price $2,214,624
Properties Sold
2
Sales Volume $4,429,248
Average Sale Price
$2,214,624
Properties For Sale 2
Average Days on Market
254
Months Supply of Inventory 33
Average List Price
$4,322,500
Dec 2017 $4,737,500
114%
4
100%
$34,455,000
678%
$8,613,750
289%
4
100%
115
-55%
16
-52%
$8,182,222
89%
*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
Dec 2016
Dec 2017
%Change
Median Price $875,500
$957,745
9%
38
23%
$51,309,490
51%
$1,350,250
23%
38
23%
46
-8%
2
-33%
Properties Sold
31
Sales Volume $34,012,750
Average Sale Price
$1,097,185
Properties For Sale 31
Average Days on Market
50
Months Supply of Inventory 3
Average List Price
$1,297,748
$1,291,881
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
0%
Mid Los Angeles
Dec 2016
Dec 2017
%Change
Median Price $560,000
$698,000
25%
39
26%
$29,462,800
58%
$755,456
26%
65
-11%
27
-29%
2
0%
$719,540
15%
Properties Sold
31
Sales Volume $18,606,000
Average Sale Price
$600,194
Properties For Sale 73
Average Days on Market
38
Months Supply of Inventory 2
Average List Price
$626,975
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Mid Wilshire
Dec 2016
Dec 2017
%Change
Median Price $583,750
$647,875
11%
28
75%
$18,094,300
97%
$646,225
12%
49
-26%
31
-46%
2
-50%
$884,362
30%
Properties Sold
16
Sales Volume $9,206,500
Average Sale Price
$575,406
Properties For Sale 66
Average Days on Market
57
Months Supply of Inventory 4
Average List Price
$682,216
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Pacific Palisades
Dec 2016
Median Price $2,950,000
Properties Sold
25
Sales Volume $94,463,234
Average Sale Price
$3,778,529
Properties For Sale 93
Average Days on Market
69
Months Supply of Inventory 4
Average List Price
$3,645,700
Dec 2017 $2,400,000
-19%
13
-48%
$35,821,710
-62%
$2,755,516
-27%
75
-19%
38
-45%
6
50%
$5,521,709
51%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Palms
Dec 2016
Median Price $1,191,500
Properties Sold
39
Sales Volume $51,064,135
Average Sale Price
$1,309,337
Properties For Sale 48
Average Days on Market
61
Months Supply of Inventory 1
Average List Price
$1,094,150
Dec 2017 $1,375,000
15%
25
-36%
$35,104,000
-31%
$1,404,160
7%
47
-2%
24
-61%
2
100%
$1,535,773
40%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Playa Vista
Dec 2016
Median Price $953,750
Properties Sold
12
Sales Volume $13,103,500
Average Sale Price
$1,091,958
Properties For Sale 23
Average Days on Market
42
Months Supply of Inventory 2
Average List Price
$1,306,875
Dec 2017 $1,260,000
32%
11
-8%
$16,537,500
26%
$1,503,409
38%
8
-65%
30
-29%
1
-50%
$956,533
-27%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Santa Monica
Dec 2016
Median Price $1,435,000
Properties Sold
52
Sales Volume $90,349,731
Average Sale Price
$1,737,495
Properties For Sale 52
Average Days on Market
43
Months Supply of Inventory 2
Average List Price
$1,837,707
Dec 2017 $1,790,000
25%
49
-6%
$113,316,452
25%
$2,312,581
33%
49
-6%
31
-28%
2
0%
$2,425,516
32%
*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
Dec 2016
Dec 2017
%Change
Median Price $900,000
$965,000
7%
39
5%
$42,302,202
23%
$1,084,672
16%
39
5%
28
-39%
2
0%
$977,462
4%
Properties Sold
37
Sales Volume $34,481,238
Average Sale Price
$931,925
Properties For Sale 37
Average Days on Market
46
Months Supply of Inventory 2
Average List Price
$939,118
*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
Dec 2016
Median Price $1,515,000
Properties Sold
45
Sales Volume $90,715,736
Average Sale Price
$2,015,905
Properties For Sale 45
Average Days on Market
64
Months Supply of Inventory 5
Average List Price
$3,138,906
Dec 2017 $1,619,500
7%
48
7%
$123,971,355
37%
$2,582,737
28%
48
7%
49
-23%
4
-20%
$3,225,759
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
3%
Venice
Dec 2016
Median Price $1,756,250
Properties Sold
22
Sales Volume $45,367,855
Average Sale Price
$2,062,175
Properties For Sale 22
Average Days on Market
57
Months Supply of Inventory 3
Average List Price
$2,285,156
Dec 2017 $1,885,000
7%
18
-18%
$34,347,000
-24%
$1,908,167
-7%
18
-18%
40
-30%
3
0%
$2,439,793
7%
*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
Dec 2016
Dec 2017
%Change
Median Price $893,750
$768,000
-14%
40
43%
$38,272,050
16%
$956,801
-19%
40
43%
50
-7%
2
-50%
$835,837
-1%
Properties Sold
28
Sales Volume $33,128,150
Average Sale Price
$1,183,148
Properties For Sale 28
Average Days on Market
54
Months Supply of Inventory 4
Average List Price
$842,996
*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
Dec 2016
Dec 2017
%Change
Median Price $850,000
$965,000
14%
21
-19%
Properties Sold
26
Sales Volume $24,376,200
Average Sale Price
$937,546
Properties For Sale 35
Average Days on Market
41
Months Supply of Inventory 1
Average List Price
$854,491
$25,556,887
5%
$1,216,995
30%
27
-23%
56
37%
1
0%
$1,443,764
69%
*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
Dec 2016
Median Price $1,050,000
Properties Sold
49
Sales Volume $68,115,700
Average Sale Price
$1,390,116
Properties For Sale 181
Average Days on Market
50
Months Supply of Inventory 4
Average List Price
$1,432,111
Dec 2017 $1,000,000
-5%
51
4%
$72,098,360
6%
$1,413,693
2%
123
-32%
47
-6%
2
-50%
$1,489,148
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
4%
RODEO REALTY MARKETING DEPARTMENT