Local Market Report
June
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
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Bel Air-Holmby Hills
June 2016
Median Price $3,030,000
Properties Sold
13
Sales Volume $88,477,850
Average Sale Price
$6,805,988
Properties For Sale 124
Average Days on Market
152
Months Supply of Inventory 10
Average List Price
$4,905,324
June 2017
%Change
$2,499,800
-17%
23
77%
$89,990,253
2%
$3,912,620
-43%
123
-1%
50
-67%
5
-50%
$7,089,659
45%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverly Center - Miracle Mile
June 2016
Median Price $1,550,000
Properties Sold
18
Sales Volume $34,650,075
Average Sale Price
$1,925,004
Properties For Sale 61
Average Days on Market
50
Months Supply of Inventory 3
Average List Price
$1,760,891
June 2017
%Change
$1,690,850
9%
22
22%
$40,457,900
17%
$1,838,995
-4%
61
0%
41
-18%
3
0%
$1,945,527
10%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverly Hills
June 2016
Median Price $6,375,000
Properties Sold
15
Sales Volume $109,701,000
Average Sale Price
$7,313,400
Properties For Sale 96
Average Days on Market
69
Months Supply of Inventory 6
Average List Price
$7,457,071
June 2017
%Change
$4,412,500
-31%
9
-40%
$54,769,500
-50%
$6,085,500
-17%
85
-11%
54
-22%
9
50%
$11,609,818
56%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Beverly Hills P.O.
June 2016
Median Price $2,307,500
Properties Sold
12
Sales Volume $35,022,000
Average Sale Price
$2,918,500
Properties For Sale 138
Average Days on Market
71
Months Supply of Inventory 12
Average List Price
$7,388,511
June 2017
%Change
$3,853,250
67%
18
50%
$95,119,875
172%
$5,284,438
81%
131
-5%
59
-17%
7
-42%
$5,756,843
-22%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Beverlywood
June 2016
Median Price $1,155,026
Properties Sold
25
Sales Volume $31,026,626
Average Sale Price
$1,241,065
Properties For Sale 60
Average Days on Market
46
Months Supply of Inventory 2
Average List Price
$1,488,311
June 2017
%Change
$1,310,000
13%
24
-4%
$37,326,885
20%
$1,555,287
25%
19
-68%
50
9%
1
-50%
$1,864,307
25%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Brentwood
June 2016
Median Price $2,895,000
Properties Sold
23
Sales Volume $76,458,349
Average Sale Price
$3,324,276
Properties For Sale 115
Average Days on Market
47
Months Supply of Inventory 5
Average List Price
$3,455,275
June 2017
%Change
$3,180,000
10%
37
61%
$162,474,156
113%
$4,391,193
32%
104
-10%
47
0%
3
-40%
$5,067,779
47%
*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
June 2016
Median Price $1,475,000
Properties Sold
7
Sales Volume $10,362,500
Average Sale Price
$1,480,357
Properties For Sale 23
Average Days on Market
62
Months Supply of Inventory 3
Average List Price
$2,558,056
June 2017
%Change
$2,220,000
51%
10
43%
$23,996,950
132%
$2,399,695
62%
17
-26%
36
-42%
2
-33%
$2,435,636
-5%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Culver City
June 2016
Median Price $1,220,000
Properties Sold
27
Sales Volume $33,394,500
Average Sale Price
$1,236,833
Properties For Sale 41
Average Days on Market
34
Months Supply of Inventory 2
Average List Price
$1,213,085
June 2017
%Change
$1,000,000
-18%
19
-30%
$21,503,375
-36%
$1,131,757
-8%
40
-2%
43
26%
2
0%
$1,279,152
5%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hancock Park
June 2016
Median Price $1,540,000
Properties Sold
25
Sales Volume $46,045,000
Average Sale Price
$1,841,800
Properties For Sale 86
Average Days on Market
47
Months Supply of Inventory 3
Average List Price
$2,567,125
June 2017
%Change
$1,550,000
1%
23
-8%
$52,432,175
14%
$2,279,660
24%
73
-15%
36
-23%
3
0%
$1,622,993
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
-37%
Hollywood
June 2016
Median Price $899,000
Properties Sold
7
Sales Volume $6,326,725
Average Sale Price
$903,818
Properties For Sale 23
Average Days on Market
52
Months Supply of Inventory 3
Average List Price
$972,460
June 2017
%Change
$854,750
-5%
10
43%
$10,971,250
73%
$1,097,125
21%
36
57%
41
-21%
4
33%
$1,112,711
14%
*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
June 2016
Median Price $1,213,420
Properties Sold
16
Sales Volume $22,626,340
Average Sale Price
$1,414,146
Properties For Sale 47
Average Days on Market
75
Months Supply of Inventory 3
Average List Price
$1,530,372
June 2017
%Change
$1,267,700
4%
17
6%
$24,629,700
9%
$1,448,806
2%
64
36%
37
-51%
4
33%
$1,370,368
-10%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Los Feliz
June 2016 Median Price $1,360,000
June 2017
%Change
$1,785,000
31%
Properties Sold 25 Sales Volume $37,065,055
32
28%
$83,163,000
124%
$2,598,844
75%
71
0%
33
-33%
2
-33%
$2,013,697
15%
Average Sale Price
$1,482,602
Properties For Sale 71
Average Days on Market
49
Months Supply of Inventory 3
Average List Price
$1,750,220
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Malibu
June 2016
Median Price $2,900,000
Properties Sold
13
Sales Volume $39,987,150
Average Sale Price
$3,075,935
Properties For Sale 188
Average Days on Market
117
Months Supply of Inventory 14
Average List Price
$4,243,132
June 2017
%Change
$2,637,100
-9%
22
69%
$74,703,200
87%
$3,395,600
10%
181
-4%
94
-20%
8
-43%
$4,534,936
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
7%
Malibu Beach
June 2016
Median Price $6,175,000
Properties Sold
6
Sales Volume $43,672,222
Average Sale Price
$7,278,704
Properties For Sale 81
Average Days on Market
120
Months Supply of Inventory 14
Average List Price
$7,275,353
June 2017
%Change
$7,300,000
18%
5
-17%
$49,825,000
14%
$9,965,000
37%
73
-10%
69
-43%
15
7%
$13,295,833
83%
*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
June 2016
Median Price $1,000,000
Properties Sold
7
Sales Volume $8,722,000
Average Sale Price
$1,246,000
Properties For Sale 21
Average Days on Market
47
Months Supply of Inventory 3
Average List Price
$2,111,071
June 2017
%Change
$1,567,000
57%
9
29%
$16,746,000
92%
$1,860,667
49%
25
19%
65
38%
3
0%
$2,165,933
3%
*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
June 2016
Median Price $550,688
Properties Sold
44
Sales Volume $25,091,575
Average Sale Price
$570,263
Properties For Sale 102
Average Days on Market
57
Months Supply of Inventory 2
Average List Price
$673,777
June 2016
%Change
$710,000
29%
41
-7%
$29,062,500
16%
$708,841
24%
79
-23%
23
-60%
2
0%
$782,611
16%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Mid Wilshire
June 2016
Median Price $755,000
Properties Sold
2
Sales Volume $1,510,000
Average Sale Price
$755,000
Properties For Sale 16
Average Days on Market
83
Months Supply of Inventory 8
Average List Price
$820,000
June 2017
%Change
$879,000
16%
10
400%
$8,970,000
494%
$897,000
19%
16
0%
34
-59%
2
-75%
$1,004,665
23%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Pacific Palisades
June 2016
Median Price $2,715,000
Properties Sold
31
Sales Volume $101,478,542
Average Sale Price
$3,273,501
Properties For Sale 130
Average Days on Market
63
Months Supply of Inventory 4
Average List Price
$5,136,207
June 2017
%Change
$2,865,000
6%
25
-19%
$99,190,900
-2%
$3,967,636
21%
98
-25%
32
-49%
4
0%
$4,869,983
-5%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Palms
June 2016
Median Price $1,162,500
Properties Sold
36
Sales Volume $48,361,700
Average Sale Price
$1,343,381
Properties For Sale 72
Average Days on Market
47
Months Supply of Inventory 2
Average List Price
$1,441,982
June 2017
%Change
$1,557,500
34%
42
17%
$71,635,100
48%
$1,705,598
27%
57
-21%
25
-47%
1
-50%
$1,693,969
17%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Playa Vista
June 2016
Median Price $1,623,000
Properties Sold
2
Sales Volume $3,246,000
Average Sale Price
$1,623,000
Properties For Sale 4
Average Days on Market
102
Months Supply of Inventory 2
Average List Price
$1,999,000
June 2017
%Change
$1,868,000
15%
5
150%
$10,128,000
212%
$2,025,600
25%
9
125%
46
-55%
2
0%
$1,153,200
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
-42%
Santa Monica
June 2016
Median Price $1,795,000
Properties Sold
25
Sales Volume $62,898,961
Average Sale Price
$2,515,958
Properties For Sale 70
Average Days on Market
47
Months Supply of Inventory 3
Average List Price
$2,680,714
June 2017
%Change
$2,510,000
40%
29
16%
$90,187,200
43%
$3,109,903
24%
59
-16%
32
-32%
2
-33%
$2,946,821
10%
*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
June 2016
Median Price $985,000
Properties Sold
35
Sales Volume $38,143,204
Average Sale Price
$1,089,806
Properties For Sale 85
Average Days on Market
50
Months Supply of Inventory 2
Average List Price
$935,956
June 2017
%Change
$925,000
-6%
41
17%
$42,255,825
11%
$1,030,630
-5%
69
-19%
31
-38%
2
0%
$1,009,228
8%
*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
June 2016
Median Price $1,842,000
Properties Sold
35
Sales Volume $94,092,885
Average Sale Price
$2,688,368
Properties For Sale 276
Average Days on Market
73
Months Supply of Inventory 8
Average List Price
$3,387,791
June 2017
%Change
$1,975,000
7%
53
51%
$120,856,302
28%
$2,280,308
-15%
260
-6%
52
-29%
5
-38%
$4,419,857
30%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Venice
June 2016
Median Price $1,890,000
Properties Sold
21
Sales Volume $50,183,050
Average Sale Price
$2,389,669
Properties For Sale 84
Average Days on Market
77
Months Supply of Inventory 4
Average List Price
$2,621,045
June 2017
%Change
$2,045,000
8%
20
-5%
$43,065,000
-14%
$2,153,250
-10%
59
-30%
30
-61%
3
-25%
$2,769,973
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
6%
West Hollywood
June 2016
Median Price $1,563,750
Properties Sold
4
Sales Volume $6,727,500
Average Sale Price
1,681,875
Properties For Sale 20
Average Days on Market
36
Months Supply of Inventory 5
Average List Price
$1,774,136
June 2017
%Change
$1,825,000
17%
9
125%
$17,519,000
160%
$1,946,556
16%
17
-15%
11
-69%
2
-60%
$2,070,355
17%
*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
June 2016
Median Price $1,195,000
Properties Sold
17
Sales Volume $20,388,618
Average Sale Price
$1,199,330
Properties For Sale 26
Average Days on Market
67
Months Supply of Inventory 2
Average List Price
$1,273,750
June 2017
%Change
$1,110,000
-7%
11
-35%
$13,879,000
-32%
$1,261,727
5%
25
-4%
15
-78%
2
0%
$1,237,714
-3%
*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
June 2016
Median Price $2,814,000
Properties Sold
17
Sales Volume $60,184,056
Average Sale Price
$3,540,239
Properties For Sale 51
Average Days on Market
58
Months Supply of Inventory 3
Average List Price
$2,322,650
June 2017
%Change
$1,800,000
-36%
23
35%
$46,901,500
-22%
$2,039,196
-42%
29
-43%
32
-45%
1
-67%
$3,200,353
38%
*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