Local Market Report
July
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
July 2016
Median Price $1,392,500
Properties Sold
28
Sales Volume $71,901,100
Average Sale Price
$2,567,896
Properties For Sale 229
Average Days on Market
52
Months Supply of Inventory 8
Average List Price
$2,601,122
July 2017 $1,350,000
-3%
21
-25%
$33,020,089
-54%
$1,572,385
-39%
246
7%
47
-10%
12
50%
$7,513,250
189%
*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
July 2016
July 2017
%Change
Median Price $637,500
$605,000
-5%
65
-2%
$51,499,747
4%
$792,304
6%
281
34%
29
-34%
4
33%
$865,204
-1%
Properties Sold
66
Sales Volume $49,330,320
Average Sale Price
$747,429
Properties For Sale 210
Average Days on Market
44
Months Supply of Inventory 3
Average List Price
$875,323
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Beverly Hills
July 2016
Median Price $14,500
Properties Sold
54
Sales Volume $121,458,223
Average Sale Price
$2,249,226
Properties For Sale 347
Average Days on Market
53
Months Supply of Inventory 6
Average List Price
$2,208,986
July 2017 $13,500
-7%
55
2%
$112,405,683
-7%
$2,043,740
-9%
425
22%
48
-9%
8
33%
$3,149,683
43%
*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.
July 2016
Median Price $1,347,500
Properties Sold
20
Sales Volume $52,931,545
Average Sale Price
$2,646,577
Properties For Sale 219
July 2017
%Change
$1,907,500
42%
22
10%
$52,513,200
-1%
$2,386,964
-10%
224
2%
85
54
-36%
Months Supply of Inventory 11
10
-9%
$3,254,740
-14%
Average Days on Market
Average List Price
$3,797,185
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Beverlywood
July 2016
Median Price $1,012,500
Properties Sold
44
Sales Volume $44,453,295
Average Sale Price
$1,010,302
Properties For Sale 115
Average Days on Market
59
Months Supply of Inventory 3
Average List Price
$1,012,500
July 2017 $6,200
-99%
29
-34%
$18,362,835
-59%
$633,201
-37%
96
-17%
26
-56%
3
0%
$6,200
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
-99%
Brentwood
July 2016
July 2017
%Change
Median Price $480,000
$710,000
48%
76
10%
$117,636,041
16%
$1,547,843
5%
76
10%
33
-34%
3
-25%
Properties Sold
69
Sales Volume $101,479,299
Average Sale Price
$1,470,714
Properties For Sale 69
Average Days on Market
50
Months Supply of Inventory 4
Average List Price
$1,403,954
$1,470,510
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
5%
Cheviot Hills - Rancho Park
July 2016
Median Price $2,000,000
Properties Sold
11
Sales Volume $22,294,900
Average Sale Price
$2,026,809
Properties For Sale 11
Average Days on Market
72
Months Supply of Inventory 3
Average List Price
$1,617,473
July 2017 $1,605,000
-20%
9
-18%
$12,357,000
-45%
$1,373,000
-32%
9
-18%
33
-54%
4
33%
$1,687,340
4%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Culver City
July 2016
July 2017
%Change
Median Price $765,000
$772,500
1%
56
8%
$42,398,605
-8%
$757,118
-14%
Properties Sold
52
Sales Volume 45,908,450
Average Sale Price
$882,855
Properties For Sale 52
Average Days on Market
27
Months Supply of Inventory 2
Average List Price
$637,599
56
8%
23
-15%
2
0%
$832,418
31%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hancock Park
July 2016
July 2017
%Change
Median Price $635,000
$535,500
-16%
66
-27%
$61,242,566
-29%
$927,918
-3%
66
-27%
45
-10%
4
33%
$934,446
-20%
Properties Sold
91
Sales Volume $86,648,225
Average Sale Price
$952,178
Properties For Sale 91
Average Days on Market
50
Months Supply of Inventory 3
Average List Price
$1,173,840
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hollywood
July 2016
Median Price $23,000
Properties Sold
43
Sales Volume $21,992,448
Average Sale Price
$511,452
Properties For Sale 210
Average Days on Market
69
Months Supply of Inventory 5
Average List Price
$637,716
July 2017 $5,198
-77%
52
21%
$24,753,490
13%
$476,029
-7%
268
28%
61
-12%
5
0%
$661,485
4%
*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
July 2016
July 2017
%Change
Median Price $546,250
$895,000
64%
38
138%
$40,183,638
198%
$1,057,464
25%
38
138%
44
-32%
5
0%
Properties Sold
16
Sales Volume $13,495,163
Average Sale Price
$843,448
Properties For Sale 16
Average Days on Market
65
Months Supply of Inventory 5
Average List Price
$1,192,629
$975,760
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
-18%
Los Feliz
July 2016 Median Price $1,150,000
July 2017 $1,039,500
-10%
Properties Sold 25 Sales Volume $24,765,100
34
36%
$44,331,690
79%
$1,303,873
32%
34
36%
45
13%
4
-20%
$1,194,910
-4%
Average Sale Price
$990,604
Properties For Sale 25
Average Days on Market
40
Months Supply of Inventory 5
Average List Price
$1,249,718
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Malibu
July 2016
Median Price $40,000
Properties Sold
47
Sales Volume $53,441,535
Average Sale Price
$1,137,054
Properties For Sale 499
Average Days on Market
102
Months Supply of Inventory 11
Average List Price
$2,410,610
July 2017
%Change
$550,000
1275%
57
21%
$92,440,145
73%
$1,621,757
43%
504
1%
98
-4%
9
-18%
$2,172,584
-10%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Malibu Beach
July 2016
Median Price $170,000
Properties Sold
18
Sales Volume $12,176,395
Average Sale Price
$676,466
Properties For Sale 18
Average Days on Market
124
Months Supply of Inventory 16
Average List Price
$3,603,173
July 2017 $21,000
-88%
17
-6%
$46,783,265
284%
$2,751,957
307%
17
-6%
97
-22%
15
-6%
$4,004,402
11%
*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
July 2016
July 2017
%Change
Median Price $559,250
$840,500
50%
66
-13%
$50,295,237
20%
$762,049
38%
230
13%
36
-18%
3
0%
$754,863
49%
Properties Sold
76
Sales Volume $41,993,745
Average Sale Price
$552,549
Properties For Sale 204
Average Days on Market
44
Months Supply of Inventory 3
Average List Price
$507,740
*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
July 2016
July 2016
%Change
Median Price $620,000
$747,293
21%
69
-1%
$49,056,158
12%
$710,959
14%
69
-1%
35
-39%
4
0%
$845,869
13%
Properties Sold
70
Sales Volume $43,819,306
Average Sale Price
$625,990
Properties For Sale 70
Average Days on Market
57
Months Supply of Inventory 4
Average List Price
$746,175
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Mid Wilshire
July 2016
July 2017
%Change
Median Price $590,092
$650,146
10%
44
7%
Properties Sold
41
Sales Volume $28,990,859
Average Sale Price
$707,094
Properties For Sale 41
Average Days on Market
45
Months Supply of Inventory 4
Average List Price
$590,092
$18,393,550
-37%
$418,035
-41%
44
7%
38
-16%
4
0%
$650,146
10%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Pacific Palisades
July 2016
Median Price $1,770,000
Properties Sold
45
Sales Volume $75,426,020
Average Sale Price
$1,676,134
Properties For Sale 45
Average Days on Market
53
Months Supply of Inventory 5
Average List Price
$1,989,938
July 2017
%Change
$920,714
-48%
48
7%
$116,045,076
54%
$2,417,606
44%
48
7%
50
-6%
4
-20%
$1,821,486
-8%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Palms
July 2016
Median Price $925,000
Properties Sold
65
Sales Volume $65,705,205
Average Sale Price
$1,010,849
Properties For Sale 65
Average Days on Market
47
Months Supply of Inventory 2
Average List Price
$1,107,101
July 2017 $1,072,500
16%
60
-8%
$71,577,985
9%
$1,192,966
18%
60
-8%
21
-55%
2
0%
$1,211,385
9%
*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
July 2016
Median Price $587,000
Properties Sold
19
Sales Volume $10,581,935
Average Sale Price
$556,944
Properties For Sale 52
Average Days on Market
39
Months Supply of Inventory 3
Average List Price
$635,690
July 2017 $8,300
-99%
29
53%
$13,551,245
28%
$467,284
-16%
69
33%
30
-23%
2
-33%
$824,806
30%
*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
July 2016
Median Price $500,000
Properties Sold
131
Sales Volume $125,993,127
Average Sale Price
$961,780
Properties For Sale 131
Average Days on Market
43
Months Supply of Inventory 3
Average List Price
$857,883
July 2017 $8,950
-98%
132
1%
$118,402,825
-6%
$896,991
-7%
132
1%
33
-23%
4
33%
$861,018
0%
*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
July 2016
July 2017
%Change
Median Price $660,000
$800,000
21%
95
12%
$74,824,312
43%
$787,624
28%
95
12%
34
-31%
3
0%
$838,653
-1%
Properties Sold
85
Sales Volume $52,394,830
Average Sale Price
$616,410
Properties For Sale 85
Average Days on Market
49
Months Supply of Inventory 3
Average List Price
$845,270
*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
July 2016
July 2017
%Change
Median Price $459,000
$923,000
101%
Properties Sold
88
Sales Volume $86,495,590
Average Sale Price
$982,904
Properties For Sale 536
Average Days on Market
77
Months Supply of Inventory 6
Average List Price
$1,316,955
86
-2%
$114,624,328
33%
$1,332,841
36%
576
7%
57
-26%
7
17%
$1,904,963
45%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Venice
July 2016
Median Price $1,173,500
Properties Sold
62
Sales Volume $66,933,516
Average Sale Price
$1,079,573
Properties For Sale 215
Average Days on Market
65
Months Supply of Inventory 3
Average List Price
$1,435,814
July 2017 $1,465,000
25%
49
-21%
$74,743,400
12%
$1,525,376
41%
269
25%
39
-40%
5
67%
$1,614,198
12%
*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
July 2016
Median Price $9,250
Properties Sold
86
Sales Volume $37,307,745
Average Sale Price
$433,811
Properties For Sale 262
Average Days on Market
52
Months Supply of Inventory 3
Average List Price
$725,225
July 2017 $10,500
14%
75
-13%
$39,676,135
6%
$529,015
22%
321
23%
58
12%
4
33%
$602,305
-17%
*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
July 2016
July 2017
%Change
Median Price $547,500
$682,000
25%
61
2%
$40,429,672
27%
$662,782
25%
146
24%
36
-16%
2
0%
Properties Sold
60
Sales Volume $31,857,565
Average Sale Price
$530,959
Properties For Sale 118
Average Days on Market
43
Months Supply of Inventory 2
Average List Price
$671,644
$464,978
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
-31%
Westwood - Century City
July 2016
Median Price $13,775
Properties Sold
136
Sales Volume $80,223,858
Average Sale Price
$589,881
Properties For Sale 419
Average Days on Market
50
Months Supply of Inventory 3
Average List Price
$1,006,087
July 2017
%Change
$522,500
3693%
111 $80,239,290
0%
$722,876
23%
440
5%
45
-10%
4
33%
$844,673
-16%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
-18%
RODEO REALTY MARKETING DEPARTMENT