Local Market Report
Los Angeles - Westside At Rodeo Realty, we believe education is the key to helping clients make the best possible decisions 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
Pacific Palisades
19
Beverlywood
6
Palms - Mar Vista
20
Brentwood
7
Playa Vista
21
Cheviot Hills - Rancho Park
8
Santa Monica
22
Culver City
9
Silverlake - Echo Park
23
Hancock Park - Wilshire
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
Jan 2012
Jan 2013
Median Price $2,425,000
$1,437,500
-41
8
60
Properties Sold
5
Sales Volume $19,063,000
Properties Pending Sale
13
Properties For Sale 137
Average Days on Market
117
Month’s Supply of Inventory 9
Percent Under Contract
9.5
$27,380,000
%Change
44
11
-15
113
-18
121
3
8 9.7
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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-15 3
Beverly Center - Miracle Mile
Jan 2012
Jan 2013
Median Price $926,289
$1,158,500
25
12
33
$12,775,000
75
14
56
54
-32
25
-74
3
-57
25.9
128
Properties Sold
9
Sales Volume $7,304,289
Properties Pending Sale
9
Properties For Sale 79
Average Days on Market
97
Month’s Supply of Inventory 6
Percent Under Contract
11.4
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Beverly Hills
Jan 2012
Jan 2013
Median Price $4,600,000
$6,200,000
35
5
67
$43,520,000
210
7
17
93
-26
97
-13
10
-42
7.5
57
Properties Sold
3
Sales Volume $14,050,000
Properties Pending Sale
6
Properties For Sale 125
Average Days on Market
112
Month’s Supply of Inventory 17
Percent Under Contract
4.8
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Beverly Hills P.O.
Jan 2012
Jan 2013
Median Price $2,205,000
$1,744,105
-21
8
-20
$15,472,410
-26
11
83
95
-36
73
-43
6
-68
11.6
186
Properties Sold
10
Sales Volume $20,870,000
Properties Pending Sale
6
Properties For Sale 148
Average Days on Market
128
Month’s Supply of Inventory 20
Percent Under Contract
4.1
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Beverlywood
Jan 2012
Jan 2013
%Change
Median Price $657,250
$758,000
15
9
-25
$7,313,000
-22
13
12
-8
Properties For Sale 79
41
-48
50
-44
2
-50
29.3
78
Properties Sold
12
Sales Volume $9,428,465
Properties Pending Sale
Average Days on Market
89
Month’s Supply of Inventory 4
Percent Under Contract
16.5
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Brentwood
Jan 2012
Jan 2013
Median Price $1,709,750
$2,051,000
20
9
-10
Properties Sold
10
Sales Volume $19,235,500
Properties Pending Sale
18
Properties For Sale 133
Average Days on Market
96
Month’s Supply of Inventory 5
Percent Under Contract
13.5
%Change
$19,556,000
2
22
22
89
-33
47
-51
2
-55
24.7
83
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Cheviot Hills - Rancho Park
Jan 2012
Jan 2013
Median Price $790,000
$1,300,000
65
3
0
$4,336,000
83
6
50
17
-39
22
0
2
-62
35.3
147
Properties Sold
3
Sales Volume $2,365,000
Properties Pending Sale
4
Properties For Sale 28
Average Days on Market
22
Month’s Supply of Inventory 5
Percent Under Contract
14.3
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Culver City
Jan 2012
Jan 2013
%Change
Median Price $595,000
$715,000
20
9
-25
$16,622,500
-7
13
15
15
Properties For Sale 59
35
-41
59
34
1
-58
42.9
95
Properties Sold
12
Sales Volume $7,107,000
Properties Pending Sale
Average Days on Market
44
Month’s Supply of Inventory 3
Percent Under Contract
22
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Hancock Park - Wilshire
Jan 2012
Jan 2013
%Change
Median Price $583,420
$862,500
48
10
-44
$7,637,000
-55
24
14
74
-49
84
35
2
-65
32.4
122
Properties Sold
18
Sales Volume $17,063,840
Properties Pending Sale
21
Properties For Sale 144
Average Days on Market
62
Month’s Supply of Inventory 5
Percent Under Contract
14.6
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Hollywood
Jan 2012
Jan 2013
%Change
Median Price $469,000
$475,000
1
3
0
Properties Sold
3
Sales Volume $1,514,000
Properties Pending Sale
1
Properties For Sale 43
Average Days on Market
132
Month’s Supply of Inventory 32
Percent Under Contract
2.3
$1,054,995
-30
3
200
16
-63
67
-49
4
-88
18.8
706
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Hollywood Hills East
Jan 2012
Jan 2013
%Change
Median Price $867,000
$875,000
1
Properties Sold
9
Sales Volume $7,800,900
Properties Pending Sale
7
-22
$4,842,000
-38
11
12
9
Properties For Sale 75
50
-33
68
13
3
-40
24
64
Average Days on Market
60
Month’s Supply of Inventory 5
Percent Under Contract
14.7
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Los Feliz
Jan 2012
Jan 2013
%Change
Median Price $1,046,400
$957,000
-9
17
55
$14,532,700
23
19
27
81
-29
92
28
3
-52
23.5
78
Properties Sold
11
Sales Volume $11,777,850
Properties Pending Sale
15
Properties For Sale 114
Average Days on Market
72
Month’s Supply of Inventory 6
Percent Under Contract
13.2
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Malibu
Jan 2012
Jan 2013
Median Price $1,737,500
$1,500,000
-14
10
67
$15,769,500
105
23
77
159
-30
127
-26
5
-64
14.5
154
Properties Sold
6
Sales Volume $7,695,000
Properties Pending Sale
13
Properties For Sale 228
Average Days on Market
171
Month’s Supply of Inventory 15
Percent Under Contract
5.7
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Malibu Beach
Jan 2012
Jan 2013
Median Price $5,500,000
$3,175,000
-42
2
100
$6,350,000
15
2
100
67
-30
26
-88
31
-65
3
187
Properties Sold
1
Sales Volume $5,500,000
Properties Pending Sale
1
Properties For Sale 96
Average Days on Market
221
Month’s Supply of Inventory 86
Percent Under Contract
1
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Marina del Rey
Jan 2012 Median Price $1,472,500
Properties Sold
4
Sales Volume $5,200,000
Properties Pending Sale
2
Properties For Sale 26
Average Days on Market
28
Month’s Supply of Inventory 10
Percent Under Contract
7.7
Jan 2013
%Change
$1,735,000
18
3
-25
$4,541,000
-13
4
100
18
-31
49
75
3
-68
22.2
189
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Mid Los Angeles
Jan 2012
Jan 2013
%Change
Median Price $269,000
$236,500
-12
25
-4
$4,724,000
12
40
60
133
-38
50
-38
2
-76
30.1
159
Properties Sold
26
Sales Volume $4,217,750
Properties Pending Sale
25
Properties For Sale 215
Average Days on Market
80
Month’s Supply of Inventory 7
Percent Under Contract
11.6
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Mid Wilshire
Jan 2012
Jan 2013
%Change
Median Price $260,000
$443,000
70
4
300
$886,000
n/a
3
50
24
-44
115
858
6
-67
12.5
169
Properties Sold
1
Sales Volume $0
Properties Pending Sale
2
Properties For Sale 43
Average Days on Market
12
Month’s Supply of Inventory 18
Percent Under Contract
4.7
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Pacific Palisades
Jan 2012
Jan 2013
Median Price $1,645,000
$1,668,000
Properties Sold
16
Sales Volume $36,905,500
Properties Pending Sale
13
Properties For Sale 130
Average Days on Market
61
Month’s Supply of Inventory 8
Percent Under Contract
10
%Change 1
12
-25
$25,274,830
-32
17
31
84
-35
55
-10
3
-59
20.2
102
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Palms - Mar Vista
Jan 2012
Jan 2013
%Change
Median Price $719,950
$784,000
9
23
28
$18,121,900
45
13
-35
51
-51
39
-57
2
-36
25.5
33
Properties Sold
18
Sales Volume $12,525,600
Properties Pending Sale
20
Properties For Sale 104
Average Days on Market
90
Month’s Supply of Inventory 4
Percent Under Contract
19.2
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Playa Vista
Jan 2012
Jan 2013
Median Price $0
$0
n/a
0
n/a
$0
n/a
1
1
0
Properties For Sale 3
3
0
13
-85
1
-50
Properties Sold
0
Sales Volume $0
Properties Pending Sale
Average Days on Market
89
Month’s Supply of Inventory 2
Percent Under Contract
33.3
33.3
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
0
Santa Monica
Jan 2012
Jan 2013
Median Price $1,830,000
$2,283,750
25
12
9
$27,350,650
-4
23
15
64
-40
36
-38
2
-61
35.9
90
Properties Sold
11
Sales Volume $28,633,175
Properties Pending Sale
20
Properties For Sale 106
Average Days on Market
58
Month’s Supply of Inventory 4
Percent Under Contract
18.9
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Silverlake - Echo Park
Jan 2012
Jan 2013
%Change
Median Price $642,500
$603,500
-6
Properties Sold
10
Sales Volume $5,222,000
Properties Pending Sale
26
Properties For Sale 136
Average Days on Market
63
Month’s Supply of Inventory 4
Percent Under Contract
19.1
20
100
$10,080,200
93
25
-4
77
-43
81
29
2
-49
32.5
70
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoMarketReports.com
Sunset Strip - Hollywood Hills West
Jan 2012
Jan 2013
Median Price $1,789,950
$1,429,000
-20
22
83
$36,995,000
43
34
48
207
-28
74
-13
4
-57
16.4
106
Properties Sold
12
Sales Volume $25,867,900
Properties Pending Sale
23
Properties For Sale 288
Average Days on Market
85
Month’s Supply of Inventory 10
Percent Under Contract
8
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoMarketReports.com
%Change
Venice
Jan 2012
Jan 2013
Median Price $729,098
$1,257,000
72
13
63
$19,148,500
116
Properties Sold
8
Sales Volume $8,880,695
Properties Pending Sale
%Change
14
14
0
Properties For Sale 92
50
-46
40
-52
2
-70
28
84
Average Days on Market
83
Month’s Supply of Inventory 8
Percent Under Contract
15.2
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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West Hollywood
Jan 2012
Jan 2013
%Change
Median Price $821,000
$682,500
-17
2
-75
$1,365,000
-81
7
-30
39
-22
24
-69
4
26
17.9
-10
Properties Sold
8
Sales Volume $7,089,000
Properties Pending Sale
10
Properties For Sale 50
Average Days on Market
78
Month’s Supply of Inventory 3
Percent Under Contract
20
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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West Los Angeles
Jan 2012
Jan 2013
%Change
Median Price $734,000
$737,500
0
Properties Sold
9
Sales Volume $4,993,000
Properties Pending Sale
4
Properties For Sale 40
Average Days on Market
90
Month’s Supply of Inventory 8
Percent Under Contract
10
8
-11
$6,007,500
20
13
225
36
-10
44
-51
2
-81
36.1
261
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoMarketReports.com
Westwood - Century City
Jan 2012
Jan 2013
Median Price $1,278,500
$1,050,000
-18
5
-64
$7,044,000
-66
8
-11
33
-46
35
52
2
-54
24.2
64
Properties Sold
14
Sales Volume $20,753,950
Properties Pending Sale
9
Properties For Sale 61
Average Days on Market
23
Month’s Supply of Inventory 5
Percent Under Contract
14.8
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
RODEO REALTY MARKETING DEPARTMENT