Local Market Report
20 18 May
Westside / Los Angeles
RodeoRE.com TM
Table of Contents Bel Air - Holmby Hills
2
Mayina 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 2017
Median Price $3,761,622
Properties Sold
14
Sales Volume $84,811,744
Average Sale Price
$6,057,982
Properties For Sale 123
Average Days on Market
106
Months Supply of Inventory 9
Average List Price
$6,102,120
May 2018 $2,897,500
-23%
18
29%
$177,740,710
110%
$9,874,484
63%
128
4%
81
-24%
7
-22%
$9,935,028
63%
*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 2017
Median Price $1,482,000
Properties Sold
27
Sales Volume $50,312,500
Average Sale Price
$1,863,426
Properties For Sale 87
Average Days on Market
52
Months Supply of Inventory 3
Average List Price
$1,615,158
May 2018 $1,235,000
-17%
29
7%
$47,840,000
-5%
$1,649,655
-11%
58
-33%
28
-46%
2
-33%
$1,762,257
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
9%
Beverly Hills
May 2017
Median Price $3,387,500
Properties Sold
54
Sales Volume $266,085,737
Average Sale Price
$4,927,514
Properties For Sale 268
Average Days on Market
62
Months Supply of Inventory 5
Average List Price
$6,417,531
May 2018 $1,822,500
-46%
38
-30%
$133,917,126
-50%
$3,524,135
-28%
249
-7%
52
-16%
7
40%
$8,171,438
27%
*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.
May 2017
Median Price $2,949,000
Properties Sold
23
Sales Volume $105,403,500
Average Sale Price
$4,582,761
Properties For Sale 142
Average Days on Market
66
Months Supply of Inventory 6
Average List Price
$6,342,857
May 2018 $3,825,000
30%
14
-39%
$70,979,000
-33%
$5,069,929
11%
127
-11%
97
47%
9
50%
$6,629,571
5%
*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 2017
Median Price $1,627,776
Properties Sold
24
Sales Volume $42,633,927
Average Sale Price
$1,776,414
Properties For Sale 36
Average Days on Market
29
Months Supply of Inventory 2
Average List Price
$1,500,169
May 2018 $1,445,000
-11%
20
-17%
$32,592,276
-24%
$1,629,614
-8%
52
44%
24
-17%
3
50%
$1,378,530
-8%
*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 2017
Median Price $1,595,000
Properties Sold
43
Sales Volume $89,845,915
Average Sale Price
$2,089,440
Properties For Sale 138
Average Days on Market
39
Months Supply of Inventory 3
Average List Price
$4,300,882
May 2018 $2,095,000
31%
37
-14%
$114,468,786
27%
$3,093,751
48%
159
15%
30
-23%
4
33%
$4,481,271
4%
*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 2017
Median Price $2,725,000
Properties Sold
18
Sales Volume $49,139,000
Average Sale Price
$2,729,944
Properties For Sale 19
Average Days on Market
38
Months Supply of Inventory 1
Average List Price
$2,381,714
May 2018 $2,501,500
-8%
8
-56%
$20,539,500
-58%
$2,567,438
-6%
23
21%
36
-5%
3
200%
$2,427,929
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
2%
Culver City
May 2017
Median Price $780,750
Properties Sold
46
Sales Volume $37,224,362
Average Sale Price
$809,225
Properties For Sale 41
Average Days on Market
17
Months Supply of Inventory 1
Average List Price
$1,087,439
May 2018 $1,045,000
34%
41
-11%
$44,098,900
18%
$1,075,583
33%
59
44%
19
12%
1
0%
$1,226,602
13%
*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
May 2017
Median Price $1,001,000
Properties Sold
48
Sales Volume $58,580,000
Average Sale Price
$1,220,417
Properties For Sale 133
Average Days on Market
42
Months Supply of Inventory 3
Average List Price
$1,921,338
May 2018 $1,160,000
16%
45
-6%
$79,148,146
35%
$1,758,848
44%
112
-16%
38
-10%
2
-33%
$1,719,731
-10%
*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 2017
May 2018
%Change
Median Price $778,000
$808,000
4%
31
82%
$30,775,500
118%
$992,758
20%
70
-1%
44
-4%
2
-50%
$1,118,551
31%
Properties Sold
17
Sales Volume $14,119,500
Average Sale Price
$830,559
Properties For Sale 71
Average Days on Market
46
Months Supply of Inventory 4
Average List Price
$850,926
*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
May 2017
Median Price $1,124,000
Properties Sold
18
Sales Volume $23,078,140
Average Sale Price
$1,282,119
Properties For Sale 86
Average Days on Market
40
Months Supply of Inventory 5
Average List Price
$2,158,356
May 2018 $1,250,000
11%
15
-17%
$21,051,750
-9%
$1,403,450
9%
61
-29%
19
-53%
4
-20%
$1,624,403
-25%
*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 2017 Median Price $1,375,000
May 2018 $1,590,000
16%
Properties Sold 25 Sales Volume $51,695,370
19
-24%
$34,416,617
-33%
$1,811,401
-12%
50
-39%
27
-4%
3
0%
$2,485,867
15%
Average Sale Price
$2,067,815
Properties For Sale 82
Average Days on Market
28
Months Supply of Inventory 3
Average List Price
$2,165,352
*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 2017
Median Price $1,963,783
Properties Sold
14
Sales Volume $34,830,565
Average Sale Price
$2,487,898
Properties For Sale 221
Average Days on Market
102
Months Supply of Inventory 16
Average List Price
$3,222,121
May 2018 $3,275,000
67%
21
50%
$88,056,000
153%
$4,193,143
69%
203
-8%
73
-28%
10
-38%
$6,718,425
109%
*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
May 2017
Median Price $4,800,000
Properties Sold
8
Sales Volume $34,007,500
Average Sale Price
$4,250,938
Properties For Sale 95
Average Days on Market
112
Months Supply of Inventory 12
Average List Price
$13,292,517
May 2018 $1,945,000
-59%
7
-13%
$37,015,000
9%
$5,287,857
24%
86
-9%
153
37%
12
0%
$10,091,316
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
-24%
Marina del Rey
May 2017
Median Price $909,550
Properties Sold
40
Sales Volume $48,360,330
Average Sale Price
$1,209,008
Properties For Sale 105
Average Days on Market
33
Months Supply of Inventory 3
Average List Price
$1,424,758
May 2018 $1,166,800
28%
28
-30%
$38,262,100
-21%
$1,366,504
13%
96
-9%
27
-18%
3
0%
$1,408,482
-1%
*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 2017
May 2018
%Change
Median Price $726,500
$900,900
24%
43
0%
$41,798,958
33%
$972,069
33%
67
-30%
33
14%
2
0%
$880,744
22%
Properties Sold
43
Sales Volume $31,524,700
Average Sale Price
$733,133
Properties For Sale 96
Average Days on Market
29
Months Supply of Inventory 2
Average List Price
$721,393
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Mid Wilshire
May 2017
May 2018
%Change
Median Price $585,000
$649,000
11%
17
-11%
Properties Sold
19
Sales Volume $12,689,500
Average Sale Price
$667,868
Properties For Sale 80
Average Days on Market
60
Months Supply of Inventory 4
Average List Price
$794,365
$13,525,500
7%
$795,618
19%
68
-15%
34
-43%
4
0%
$896,903
13%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Pacific Palisades
May 2017
Median Price $2,500,000
Properties Sold
37
Sales Volume $131,710,602
Average Sale Price
$3,559,746
Properties For Sale 107
Average Days on Market
31
Months Supply of Inventory 3
Average List Price
$4,017,211
May 2018 $2,923,503
17%
36
-3%
$149,631,911
14%
$4,156,442
17%
87
-19%
51
65%
2
-33%
$4,595,532
14%
*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 2017
Median Price $1,170,000
Properties Sold
39
Sales Volume $48,367,048
Average Sale Price
$1,240,181
Properties For Sale 80
Average Days on Market
31
Months Supply of Inventory 2
Average List Price
$1,513,394
May 2018 $1,337,500
14%
30
-23%
$40,614,000
-16%
$1,353,800
9%
71
-11%
22
-29%
2
0%
$1,543,665
2%
*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 2017
Median Price $1,310,000
Properties Sold
14
Sales Volume $19,960,000
Average Sale Price
$1,425,714
Properties For Sale 34
Average Days on Market
40
Months Supply of Inventory 2
Average List Price
$1,176,317
May 2018 $1,020,000
-22%
11
-21%
$18,380,000
-8%
$1,670,909
17%
19
-44%
23
-43%
2
0%
$1,360,680
16%
*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
May 2017
Median Price $1,380,000
Properties Sold
53
Sales Volume $88,640,000
Average Sale Price
$1,672,453
Properties For Sale 136
Average Days on Market
31
Months Supply of Inventory 3
Average List Price
$2,161,202
May 2018 $1,540,000
12%
61
15%
$121,608,238
37%
$1,993,578
19%
181
33%
31
0%
3
0%
$2,346,294
9%
*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 2017
May 2018
%Change
Median Price $900,000
$932,973
4%
46
5%
$49,373,163
22%
$1,073,330
16%
76
-29%
21
-40%
2
0%
$1,072,185
6%
Properties Sold
44
Sales Volume $40,623,729
Average Sale Price
$923,267
Properties For Sale 107
Average Days on Market
35
Months Supply of Inventory 2
Average List Price
$1,015,978
*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 2017
Median Price $1,734,000
Properties Sold
51
Sales Volume $94,408,283
Average Sale Price
$1,851,143
Properties For Sale 298
Average Days on Market
36
Months Supply of Inventory 6
Average List Price
$2,862,341
May 2018 $1,604,500
-7%
46
-10%
$97,630,603
3%
$2,122,404
15%
288
-3%
39
8%
6
0%
$2,998,459
5%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Venice
May 2017
Median Price $1,999,000
Properties Sold
20
Sales Volume $44,424,000
Average Sale Price
$2,221,200
Properties For Sale 73
Average Days on Market
48
Months Supply of Inventory 4
Average List Price
$2,385,867
May 2018 $1,915,000
-4%
19
-5%
$42,810,000
-4%
$2,253,158
1%
90
23%
30
-38%
5
25%
$2,383,769
0%
*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 2017
May 2018
%Change
Median Price $815,000
$860,500
6%
36
-3%
$37,131,001
4%
$1,031,417
7%
Properties Sold
37
Sales Volume $35,585,800
Average Sale Price
$961,778
Properties For Sale 119
Average Days on Market
33
Months Supply of Inventory 3
Average List Price
$1,180,943
106
-11%
24
-27%
3
0%
$1,474,732
25%
*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
May 2017
May 2018
%Change
Median Price $875,000
$950,000
9%
Properties Sold
30
Sales Volume $26,664,388
Average Sale Price
$888,813
Properties For Sale 59
Average Days on Market
14
Months Supply of Inventory 2
Average List Price
$1,119,400
25 $28,301,000
6%
$1,132,040
27%
47
-20%
16
14%
2
0%
$1,170,620
5%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
-17%
Westwood - Century City
May 2017
Median Price $1,210,000
Properties Sold
72
Sales Volume $119,487,175
Average Sale Price
$1,659,544
Properties For Sale 214
Average Days on Market
45
Months Supply of Inventory 3
Average List Price
$1,552,495
May 2018 $1,010,000
-17%
58
-19%
$83,465,300
-30%
$1,439,057
-13%
165
-23%
26
-42%
3
0%
$2,175,129
40%
*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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