Local Market Report
May
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
May 2016
Median Price $2,085,000
Properties Sold
16
Sales Volume $77,315,000
Average Sale Price
$4,832,188
Properties For Sale 119
Average Days on Market
122
Months Supply of Inventory 7
Average List Price
$5,193,667
May 2017 $3,995,000
92%
13
-19%
$82,751,744
7%
$6,365,519
32%
121
2%
111
-9%
9
29%
$6,500,035
25%
*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
May 2016
Median Price $1,605,000
Properties Sold
14
Sales Volume $24,117,474
Average Sale Price
$1,722,677
Properties For Sale 60
Average Days on Market
47
Months Supply of Inventory 4
Average List Price
$1,814,027
May 2017 $2,614,000
63%
17
21%
$41,714,500
73%
$2,453,794
42%
60
0%
75
60%
4
0%
$1,946,106
7%
*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
May 2016
Median Price $3,655,000
Properties Sold
10
Sales Volume $56,590,000
Average Sale Price
$5,659,000
Properties For Sale 99
Average Days on Market
60
Months Supply of Inventory 10
Average List Price
$7,931,692
May 2017 $5,620,000
54%
21
110%
$140,001,237
147%
$6,666,726
18%
74
-25%
41
-32%
4
-60%
$10,449,545
32%
*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.
May 2016
Median Price $2,102,500
Properties Sold
14
Sales Volume $39,102,000
Average Sale Price
$2,793,000
Properties For Sale 132
Average Days on Market
62
Months Supply of Inventory 9
Average List Price
$6,522,428
May 2017 $2,949,000
40%
23
64%
$105,403,500
170%
$4,582,761
64%
134
2%
66
6%
6
-33%
$6,365,657
-2%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Beverlywood
May 2016
Median Price $1,330,000
Properties Sold
23
Sales Volume $32,780,025
Average Sale Price
$1,425,218
Properties For Sale 66
Average Days on Market
37
Months Supply of Inventory 3
Average List Price
$1,255,909
May 2017 $1,677,776
26%
22
-4%
$40,894,552
25%
$1,858,843
30%
29
-56%
30
-19%
1
-67%
$1,709,043
36%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Brentwood
May 2016
Median Price $3,726,000
Properties Sold
28
Sales Volume $121,580,250
Average Sale Price
$4,342,152
Properties For Sale 118
Average Days on Market
76
Months Supply of Inventory 4
Average List Price
$4,165,514
May 2017 $2,828,170
-24%
19
-32%
$63,652,740
-48%
$3,350,144
-23%
99
-16%
56
-26%
5
25%
$5,710,753
37%
*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
May 2016
Median Price $2,815,000
Properties Sold
8
Sales Volume $19,852,500
Average Sale Price
$2,481,563
Properties For Sale 18
Average Days on Market
37
Months Supply of Inventory 2
Average List Price
$2,752,400
May 2017 $2,900,000
3%
17
113%
$48,314,000
143%
$2,842,000
15%
20
11%
39
5%
1
-50%
$2,392,071
-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
May 2016
Median Price $1,059,000
Properties Sold
21
Sales Volume $23,137,000
Average Sale Price
$1,101,762
Properties For Sale 40
Average Days on Market
27
Months Supply of Inventory 2
Average List Price
$1,272,330
May 2017 $1,077,500
2%
20
-5%
$22,763,862
-2%
$1,138,193
3%
27
-33%
16
-41%
1
-50%
$1,356,083
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
7%
Hancock Park
May 2016
Median Price $1,743,500
Properties Sold
20
Sales Volume $41,025,250
Average Sale Price
$2,051,263
Properties For Sale 79
Average Days on Market
67
Months Supply of Inventory 4
Average List Price
$2,118,144
May 2017 $1,417,000
-19%
26
30%
$45,395,000
11%
$1,745,962
-15%
74
-6%
43
-36%
3
-25%
$2,908,185
37%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Hollywood
May 2016
Median Price $739,000
Properties Sold
10
Sales Volume $10,831,680
Average Sale Price
$1,083,168
Properties For Sale 26
Average Days on Market
76
Months Supply of Inventory 3
Average List Price
$1,838,167
May 2017 $1,215,000
64%
5
-50%
$5,447,000
-50%
$1,089,400
1%
28
8%
43
-43%
6
100%
$1,015,991
-45%
*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
May 2016
Median Price $1,425,000
Properties Sold
19
Sales Volume $29,318,500
Average Sale Price
$1,543,079
Properties For Sale 41
Average Days on Market
48
Months Supply of Inventory 2
Average List Price
$1,622,274
May 2017 $1,356,000
-5%
13
-32%
$20,144,140
-31%
$1,549,549
0%
68
66%
39
-19%
5
150%
$2,748,455
69%
*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
May 2016 Median Price $1,455,000
May 2017 $1,425,000
-2%
Properties Sold 16 Sales Volume $23,928,428
23
44%
$50,523,370
111%
$2,196,668
47%
72
14%
28
-48%
3
-25%
$2,407,557
25%
Average Sale Price
$1,495,527
Properties For Sale 63
Average Days on Market
54
Months Supply of Inventory 4
Average List Price
$1,927,355
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Malibu
May 2016
Median Price $3,150,000
Properties Sold
21
Sales Volume $77,119,990
Average Sale Price
$3,672,380
Properties For Sale 177
Average Days on Market
101
Months Supply of Inventory 8
Average List Price
$3,914,183
May 2017 $2,380,000
-24%
11
-48%
$31,875,565
-59%
$2,897,779
-21%
180
2%
110
9%
16
100%
$3,978,338
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
2%
Malibu Beach
May 2016
Median Price $10,997,500
Properties Sold
4
Sales Volume $44,745,000
Average Sale Price
$11,186,250
Properties For Sale 86
Average Days on Market
191
Months Supply of Inventory 22
Average List Price
$9,546,785
May 2017 $6,500,000
-41%
5
25%
$31,162,500
-30%
$6,232,500
-44%
80
-7%
85
-55%
16
-27%
$14,799,308
55%
*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
May 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
May 2017 $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
%Change
Mid Los Angeles
May 2016
May 2016
%Change
Median Price $621,500
$733,750
18%
40
-13%
$29,509,800
-2%
$737,745
13%
82
-24%
29
-62%
2
0%
$730,226
8%
Properties Sold
46
Sales Volume $30,042,515
Average Sale Price
$653,098
Properties For Sale 108
Average Days on Market
77
Months Supply of Inventory 2
Average List Price
$678,479
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Mid Wilshire
May 2016
May 2017
%Change
Median Price $750,000
$940,000
25%
3
-40%
$2,600,000
-29%
$866,667
19%
22
29%
72
-50%
7
133%
$1,166,613
26%
Properties Sold
5
Sales Volume $3,640,000
Average Sale Price
$728,000
Properties For Sale 17
Average Days on Market
144
Months Supply of Inventory 3
Average List Price
$928,555
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Pacific Palisades
May 2016
Median Price $2,460,000
Properties Sold
25
Sales Volume $90,698,023
Average Sale Price
$3,627,921
Properties For Sale 109
Average Days on Market
70
Months Supply of Inventory 4
Average List Price
$5,597,673
May 2017 $3,416,975
39%
28
12%
$122,069,102
35%
$4,359,611
20%
92
-16%
33
-53%
3
-25%
$4,663,658
-17%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Palms
May 2016
Median Price $1,310,325
Properties Sold
36
Sales Volume $50,629,610
Average Sale Price
$1,406,378
Properties For Sale 73
Average Days on Market
49
Months Supply of Inventory 2
Average List Price
$1,614,884
May 2017 $1,328,019
1%
28
-22%
$41,312,037
-18%
$1,475,430
5%
64
-12%
37
-24%
2
0%
$1,736,271
8%
*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
May 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
May 2017 $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
%Change
-42%
Santa Monica
May 2016
Median Price $2,450,000
Properties Sold
25
Sales Volume $69,337,300
Average Sale Price
$2,773,492
Properties For Sale 68
Average Days on Market
45
Months Supply of Inventory 3
Average List Price
$3,257,966
May 2017 $2,300,000
-6%
15
-40%
$42,810,500
-38%
$2,854,033
3%
54
-21%
33
-27%
4
33%
$3,689,587
13%
*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
May 2016
May 2017
%Change
Median Price $915,000
$965,000
5%
36
50%
$35,052,677
43%
$973,685
-5%
83
12%
34
-19%
2
-33%
$1,104,894
21%
Properties Sold
24
Sales Volume $24,509,850
Average Sale Price
$1,021,244
Properties For Sale 74
Average Days on Market
42
Months Supply of Inventory 3
Average List Price
$912,022
*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
May 2016
Median Price $1,907,500
Properties Sold
28
Sales Volume $68,723,000
Average Sale Price
$2,454,393
Properties For Sale 239
Average Days on Market
79
Months Supply of Inventory 9
Average List Price
$3,184,103
May 2017 $2,195,000
15%
38
36%
$85,932,333
25%
$2,261,377
-8%
253
6%
39
-51%
7
-22%
$3,384,365
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
6%
Venice
May 2016
Median Price $1,851,935
Properties Sold
19
Sales Volume $39,038,210
Average Sale Price
$2,054,643
Properties For Sale 69
Average Days on Market
60
Months Supply of Inventory 4
Average List Price
$2,239,724
May 2017 $2,232,500
21%
14
-26%
$35,218,000
-10%
$2,515,571
22%
58
-16%
55
-8%
4
0%
$2,659,938
19%
*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
May 2016
Median Price $1,741,250
Properties Sold
8
Sales Volume $19,798,300
Average Sale Price
$2,474,788
Properties For Sale 18
Average Days on Market
77
Months Supply of Inventory 2
Average List Price
$2,436,843
May 2017 $1,541,100
-11%
6
-25%
$10,483,200
-47%
$1,747,200
-29%
18
0%
35
-55%
3
50%
$2,292,143
-6%
*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
May 2016
Median Price $950,000
Properties Sold
9
Sales Volume $8,336,500
Average Sale Price
$926,278
Properties For Sale 28
Average Days on Market
36
Months Supply of Inventory 3
Average List Price
$1,327,188
May 2017 $1,111,000
17%
10
11%
$10,880,000
31%
$1,088,000
17%
28
0%
18
-50%
3
0%
$1,426,136
7%
*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
May 2016
Median Price $2,250,000
Properties Sold
21
Sales Volume $47,437,163
Average Sale Price
$2,258,913
Properties For Sale 47
Average Days on Market
39
Months Supply of Inventory 2
Average List Price
$2,265,257
May 2017 $2,197,300
-2%
19
-10%
$47,994,538
1%
$2,526,028
12%
38
-19%
30
-23%
2
0%
$2,365,646
4%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
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