Local Market Report
20 18 March
Westside / Los Angeles
RodeoRE.com TM
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
Mar 2017
Median Price $2,501,026
Properties Sold
13
Sales Volume $52,032,026
Average Sale Price
$4,002,464
Properties For Sale 112
Average Days on Market
81
Months Supply of Inventory 9
Average List Price
$7,008,597
Mar 2018 $2,305,000
-8%
13
0%
$41,957,400
-19%
$3,227,492
-19%
114
2%
97
20%
9
0%
$10,235,438
46%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Beverly Center - Miracle Mile
Properties Sold
30
Sales Volume $41,435,260
Average Sale Price
$1,381,175
Properties For Sale 86
Average Days on Market
40
Months Supply of Inventory 3
Average List Price
$1,596,722
$1,697,500
34%
24
-20%
$50,175,500
21%
$2,090,646
51%
57
-34%
50
25%
2
-33%
$1,720,198
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
v
Median Price $1,262,500
Mar 2018
v
Mar 2017
8%
Beverly Hills
Mar 2017
Median Price $2,700,000
Properties Sold
33
Sales Volume $131,711,350
Average Sale Price
$3,991,253
Properties For Sale 255
Average Days on Market
80
Months Supply of Inventory 8
Average List Price
$7,664,027
Mar 2018 $2,650,000
-2%
41
24%
$200,469,000
52%
$4,889,488
23%
197
-23%
55
-31%
5
-38%
$7,371,598
-4%
*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.
Mar 2017
Median Price $2,326,000
Properties Sold
5
Sales Volume $22,285,000
Average Sale Price
$4,457,000
Properties For Sale 137
Average Days on Market
119
Months Supply of Inventory 27
Average List Price
$8,136,489
Mar 2018 $2,047,500
-12%
14
180%
$43,189,000
94%
$3,084,929
-31%
95
-31%
57
-52%
7
-74%
$9,085,996
12%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Beverlywood
Mar 2017
Median Price $850,000
Properties Sold
25
Sales Volume $26,291,700
Average Sale Price
$1,051,668
Properties For Sale 40
Average Days on Market
39
Months Supply of Inventory 2
Average List Price
$1,481,262
Mar 2018 $1,010,000
19%
15
-40%
$23,062,637
-12%
$1,537,509
46%
34
-15%
51
31%
2
0%
$1,755,400
19%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Brentwood
Mar 2017
Median Price $1,718,958
Properties Sold
30
Sales Volume $93,066,415
Average Sale Price
$3,102,214
Properties For Sale 149
Average Days on Market
55
Months Supply of Inventory 5
Average List Price
$3,029,412
Mar 2018 $2,800,000
63%
35
17%
$113,232,086
22%
$3,235,202
4%
126
-15%
43
-22%
4
-20%
$4,203,841
39%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Cheviot Hills - Rancho Park
Mar 2017
Median Price $2,660,000
Properties Sold
13
Sales Volume $33,831,000
Average Sale Price
$2,602,385
Properties For Sale 24
Average Days on Market
52
Months Supply of Inventory 2
Average List Price
$2,323,765
Mar 2018 $2,065,000
-22%
9
-31%
$22,983,000
-32%
$2,553,667
-2%
14
-42%
37
-29%
2
0%
$2,630,143
13%
*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
Mar 2017
Median Price $702,750
Properties Sold
38
Sales Volume $31,866,050
Average Sale Price
$838,580
Properties For Sale 50
Average Days on Market
27
Months Supply of Inventory 1
Average List Price
$922,277
Mar 2018 $1,117,500
59%
38
0%
$41,539,025
30%
$1,093,132
30%
46
-8%
26
-4%
1
0%
$1,089,133
18%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Hancock Park
Mar 2017
Mar 2018
%Change
Median Price $730,000
$790,000
8%
Properties Sold
44
Sales Volume $53,013,650
Average Sale Price
$1,204,856
Properties For Sale 133
Average Days on Market
60
Months Supply of Inventory 3
Average List Price
$1,730,477
37 $56,512,227
7%
$1,527,357
27%
115
-14%
37
-38%
3
0%
$1,556,185
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
-16%
-10%
Hollywood
Mar 2017
Mar 2018
%Change
Median Price $850,000
$835,000
-2%
19
-10%
$20,197,000
12%
$1,063,000
24%
62
-3%
43
-30%
3
0%
$1,236,421
35%
Properties Sold
21
Sales Volume $17,987,000
Average Sale Price
$856,524
Properties For Sale 64
Average Days on Market
61
Months Supply of Inventory 3
Average List Price
$916,092
*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
Mar 2017
Median Price $1,528,125
Properties Sold
12
Sales Volume $19,955,575
Average Sale Price
$1,662,965
Properties For Sale 75
Average Days on Market
89
Months Supply of Inventory 6
Average List Price
$1,562,007
Mar 2018 $1,525,000
0%
16
33%
$25,051,000
26%
$1,565,688
-6%
44
-41%
50
-44%
3
-50%
$1,855,098
19%
*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
Mar 2017 Median Price $1,150,000
Mar 2018 $1,590,000
38%
Properties Sold 15 Sales Volume $19,490,790
27
80%
$47,821,340
145%
$1,771,161
36%
43
-51%
47
9%
2
-67%
$3,153,414
-8%
Average Sale Price
$1,299,386
Properties For Sale 88
Average Days on Market
43
Months Supply of Inventory 6
Average List Price
$3,417,761
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Malibu
Mar 2017
Median Price $2,699,500
Properties Sold
18
Sales Volume $59,978,030
Average Sale Price
$3,332,113
Properties For Sale 196
Average Days on Market
140
Months Supply of Inventory 11
Average List Price
$4,887,419
Mar 2018 $2,300,000
-15%
25
39%
$65,488,888
9%
$2,619,556
-21%
163
-17%
84
-40%
7
-36%
$3,755,914
-23%
*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
Mar 2017
Median Price $4,975,000
Properties Sold
6
Sales Volume $44,750,950
Average Sale Price
$7,458,492
Properties For Sale 82
Average Days on Market
171
Months Supply of Inventory 14
Average List Price
$10,351,775
Mar 2018 $7,775,000
56%
4
-33%
$54,825,000
23%
$13,706,250
84%
78
-5%
182
6%
20
43%
$9,452,709
-9%
*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
Mar 2017
Median Price $940,000
Properties Sold
51
Sales Volume $54,936,919
Average Sale Price
$1,077,194
Properties For Sale 91
Average Days on Market
45
Months Supply of Inventory 2
Average List Price
$1,372,149
Mar 2018 $1,040,500
11%
36
-29%
$46,367,450
-16%
$1,287,985
20%
79
-13%
23
-49%
2
0%
$1,409,243
3%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Mid Los Angeles
Mar 2017
Mar 2018
%Change
Median Price $680,000
$794,500
17%
44
13%
$37,175,729
33%
$844,903
18%
78
-10%
42
-9%
2
0%
$845,567
21%
Properties Sold
39
Sales Volume $27,895,648
Average Sale Price
$715,273
Properties For Sale 87
Average Days on Market
46
Months Supply of Inventory 2
Average List Price
$698,075
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Mid Wilshire
Mar 2017
Mar 2018
%Change
Median Price $619,000
$697,375
13%
22
-33%
$17,748,500
-14%
$806,750
29%
60
-31%
49
44%
3
0%
$841,206
20%
Properties Sold
33
Sales Volume $20,641,024
Average Sale Price
$625,486
Properties For Sale 87
Average Days on Market
34
Months Supply of Inventory 3
Average List Price
$700,410
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Pacific Palisades
Mar 2017
Median Price $2,203,500
Properties Sold
24
Sales Volume $68,901,500
Average Sale Price
$2,870,896
Properties For Sale 102
Average Days on Market
56
Months Supply of Inventory 4
Average List Price
$3,653,597
Mar 2018 $2,932,500
33%
26
8%
$106,152,500
54%
$4,082,788
42%
83
-19%
25
-55%
3
-25%
$3,740,241
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
2%
Palms
Mar 2017
Median Price $1,100,000
Properties Sold
31
Sales Volume $39,816,100
Average Sale Price
$1,284,390
Properties For Sale 72
Average Days on Market
35
Months Supply of Inventory 2
Average List Price
$1,181,328
Mar 2018 $1,387,000
26%
40
29%
$58,360,875
47%
$1,459,022
14%
53
-26%
34
-3%
1
-50%
$1,547,938
31%
*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
Mar 2017
Median Price $968,000
Properties Sold
13
Sales Volume $14,782,000
Average Sale Price
$1,137,077
Properties For Sale 38
Average Days on Market
29
Months Supply of Inventory 3
Average List Price
$1,726,083
Mar 2018 $1,250,000
29%
9
-31%
$12,558,500
-15%
$1,395,389
23%
24
-37%
10
-66%
3
0%
$1,156,365
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
-33%
Santa Monica
Mar 2017
Median Price $1,500,000
Properties Sold
63
Sales Volume $116,798,388
Average Sale Price
$1,853,943
Properties For Sale 133
Average Days on Market
52
Months Supply of Inventory 2
Average List Price
$2,216,161
Mar 2018 $1,310,000
-13%
57
-10%
$99,406,499
-15%
$1,743,974
-6%
150
13%
23
-56%
3
50%
$2,477,504
12%
*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
Mar 2017
Mar 2018
%Change
Median Price $859,000
$850,000
-1%
33
-13%
Properties Sold
38
Sales Volume $32,400,242
Average Sale Price
$852,638
Properties For Sale 106
Average Days on Market
69
Months Supply of Inventory 3
Average List Price
$963,066
$34,292,350
6%
$1,039,162
22%
70
-34%
41
-41%
2
-33%
$1,113,253
16%
*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
Mar 2017
Median Price $1,582,050
Properties Sold
48
Sales Volume $115,485,977
Average Sale Price
$2,405,958
Properties For Sale 276
Average Days on Market
72
Months Supply of Inventory 6
Average List Price
$3,418,655
Mar 2018 $1,753,889
11%
46
-4%
$95,701,697
-17%
$2,080,472
-14%
269
-3%
51
-29%
6
0%
$3,915,393
15%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Venice
Mar 2017
Median Price $1,620,000
Properties Sold
27
Sales Volume $53,567,060
Average Sale Price
$1,983,965
Properties For Sale 68
Average Days on Market
57
Months Supply of Inventory 3
Average List Price
$2,242,125
Mar 2018 $2,300,000
42%
13
-52%
$32,054,000
-40%
$2,465,692
24%
78
15%
54
-5%
6
100%
$2,246,475
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
0%
West Hollywood
Mar 2017
Mar 2018
%Change
Median Price $862,500
$825,000
-4%
53
10%
$62,479,238
31%
$1,178,854
18%
109
-17%
31
-39%
2
-33%
$1,392,262
18%
Properties Sold
48
Sales Volume $47,794,963
Average Sale Price
$995,728
Properties For Sale 131
Average Days on Market
51
Months Supply of Inventory 3
Average List Price
$1,182,029
*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
Mar 2017
Median Price $848,538
Properties Sold
16
Sales Volume $16,561,575
Average Sale Price
$1,035,098
Properties For Sale 42
Average Days on Market
39
Months Supply of Inventory 3
Average List Price
$1,038,106
Mar 2018 $1,161,000
37%
17
6%
$22,052,000
33%
$1,297,176
25%
46
10%
24
-38%
3
0%
$1,229,376
18%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Westwood - Century City
Mar 2017
Median Price $1,008,000
Properties Sold
67
Sales Volume $102,496,515
Average Sale Price
$1,529,799
Properties For Sale 183
Average Days on Market
60
Months Supply of Inventory 3
Average List Price
$2,105,268
Mar 2018 $1,090,000
8%
75
12%
$115,126,623
12%
$1,535,022
0%
143
-22%
35
-42%
2
-33%
$1,860,996
-12%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
RODEO REALTY MARKETING DEPARTMENT