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
May 2012
May 2013
Median Price $2,420,000
$1,885,000
-22
9
-44
Properties Sold
16
Sales Volume $72,864,500
Properties Pending Sale
16
Properties For Sale 140
Average Days on Market
53
Month’s Supply of Inventory 7
Percent Under Contract
11.4
$27,936,999
%Change
-62
17
6
116
-17
63
19
5
-29
14.7
28
*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
May 2012
May 2013 %Change
Median Price $916,500
$1,117,500
22
30
36
$36,914,401
83
21
29
38
Properties For Sale 92
75
-18
30
-19
1
-67
38.7
69
Properties Sold
22
Sales Volume $20,156,135
Properties Pending Sale
Average Days on Market
37
Month’s Supply of Inventory 3
Percent Under Contract
22.8
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverly Hills
May 2012
May 2013
Median Price $6,975,000
$4,575,000
-34
18
50
$87,282,307
-47
20
18
109
-30
76
-50
4
-43
18.3
67
Properties Sold
12
Sales Volume $163,503,000
Properties Pending Sale
17
Properties For Sale 155
Average Days on Market
152
Month’s Supply of Inventory 7
Percent Under Contract
11
*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 2012
May 2013
Median Price $2,412,500
$2,268,000
-6
12
-40
$35,886,355
-19
Properties Sold
20
Sales Volume $44,355,000
Properties Pending Sale
12
Properties For Sale 143
Average Days on Market
104
Month’s Supply of Inventory 10
Percent Under Contract
8.4
%Change
13
8
103
-28
51
-51
6
-40
12.6
50
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverlywood
May 2012
May 2013
%Change
Median Price $760,000
$814,810
7
Properties Sold
19
10
-47
$7,097,420
-48
28
21
-25
Properties For Sale 89
56
-37
31
-45
1
-50
37.5
19
Sales Volume $13,655,750
Properties Pending Sale
Average Days on Market
56
Month’s Supply of Inventory 2
Percent Under Contract
31.5
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Brentwood
May 2012
May 2013
Median Price $1,806,500
$2,710,000
50
27
69
$85,370,060
86
30
25
119
-26
49
-21
3
-40
25.2
69
Properties Sold
16
Sales Volume $45,956,518
Properties Pending Sale
24
Properties For Sale 161
Average Days on Market
62
Month’s Supply of Inventory 5
Percent Under Contract
14.9
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Cheviot Hills - Rancho Park
May 2012
May 2013
Median Price $988,500
$1,222,500
24
3
-40
$3,285,025
-37
11
83
35
17
14
-70
2
-33
31.4
57
Properties Sold
5
Sales Volume $5,198,500
Properties Pending Sale
6
Properties For Sale 30
Average Days on Market
47
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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%Change
Culver City
May 2012
May 2013 %Change
Median Price $672,000
$713,000
6
19
19
$11,895,000
46
19
29
53
Properties For Sale 71
63
-11
26
-26
1
-50
46
72
Properties Sold
16
Sales Volume $8,157,500
Properties Pending Sale
Average Days on Market
35
Month’s Supply of Inventory 2
Percent Under Contract
26.8
*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
May 2012
May 2013
%Change
Median Price $987,500
$1,115,000
13
31
48
$47,767,500
84
32
39
122
-12
37
-54
2
-60
26.2
59
Properties Sold
21
Sales Volume $25,923,000
Properties Pending Sale
23
Properties For Sale 139
Average Days on Market
80
Month’s Supply of Inventory 5
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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Hollywood
May 2012
May 2013
%Change
Median Price $361,000
$612,000
70
7
-30
$4,157,000
20
6
-14
29
-26
42
-61
3
-25
20.7
15
Properties Sold
10
Sales Volume $3,477,000
Properties Pending Sale
7
Properties For Sale 39
Average Days on Market
109
Month’s Supply of Inventory 4
Percent Under Contract
17.9
*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
May 2012
May 2013
%Change
Median Price $850,000
$897,500
6
16
-6
$15,635,865
13
14
20
43
Properties For Sale 94
75
-20
66
144
2
-60
26.7
79
Properties Sold
17
Sales Volume $13,812,420
Properties Pending Sale
Average Days on Market
27
Month’s Supply of Inventory 5
Percent Under Contract
14.9
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Los Feliz
May 2012
May 2013
%Change
Median Price $829,000
$1,020,000
23
15
0
$30,324,990
-3
Properties Sold
25
Sales Volume $31,346,557
Properties Pending Sale
16
Properties For Sale 101
Average Days on Market
80
Month’s Supply of Inventory 5
Percent Under Contract
15.8
35
119
107
6
52
-35
2
-60
32.7
106
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Malibu
May 2012
May 2013
Median Price $1,410,000
$2,375,000
68
7
-59
$12,814,000
-53
19
58
207
-17
162
23
9
-50
9.2
91
Properties Sold
17
Sales Volume $27,472,000
Properties Pending Sale
12
Properties For Sale 250
Average Days on Market
132
Month’s Supply of Inventory 18
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
Malibu Beach
May 2012
May 2013
Median Price $4,367,500
$2,250,000
-48
3
-40
$9,500,000
-58
3
-63
85
-15
128
-80
21
110
3.5
-56
Properties Sold
5
Sales Volume $22,757,500
Properties Pending Sale
8
Properties For Sale 100
Average Days on Market
648
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
Marina del Rey
May 2012 Median Price $1,560,000
Properties Sold
7
Sales Volume $7,715,000
Properties Pending Sale
3
Properties For Sale 31
Average Days on Market
132
Month’s Supply of Inventory 7
Percent Under Contract
9.7
May 2013 %Change $2,030,177
30
2
-71
$4,060,355
-47
5
67
17
-45
37
-72
2
-71
29.4
204
*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
May 2012
May 2013
%Change
Median Price $250,625
$445,000
78
35
17
$13,082,570
111
Properties Sold
30
Sales Volume $6,191,950
Properties Pending Sale
31
Properties For Sale 180
Average Days on Market
60
Month’s Supply of Inventory 4
Percent Under Contract
17.2
29
-6
101
-44
28
-53
2
-50
28.7
67
*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 2012
May 2013
%Change
Median Price $357,750
$435,000
22
3
-63
$1,085,000
-28
2
-75
23
-44
18
-73
8
100
8.7
-55
Properties Sold
8
Sales Volume $1,499,900
Properties Pending Sale
8
Properties For Sale 41
Average Days on Market
66
Month’s Supply of Inventory 4
Percent Under Contract
19.5
*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 2012
May 2013
Median Price $1,730,000
$2,000,000
16
35
52
$84,678,300
58
36
71
132
-22
63
47
2
-67
27.3
119
Properties Sold
23
Sales Volume $53,440,156
Properties Pending Sale
21
Properties For Sale 169
Average Days on Market
43
Month’s Supply of Inventory 6
Percent Under Contract
12.4
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Palms - Mar Vista
May 2012
May 2013 %Change
Median Price $673,000
$954,250
42
26
30
$23,474,900
69
30
-12
81
-25
25
4
1
-50
37
18
Properties Sold
20
Sales Volume $13,873,100
Properties Pending Sale
34
Properties For Sale 108
Average Days on Market
24
Month’s Supply of Inventory 2
Percent Under Contract
31.5
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Playa Vista
May 2012
May 2013
%Change
Median Price $1,072,000
$1,250,000
17
1
0
Properties Sold
1
Sales Volume $0
$1,250,000
n/a
0
1
n/a
Properties For Sale 6
5
-17
83
n/a
4
n/a
20
n/a
Properties Pending Sale
Average Days on Market
0
Month’s Supply of Inventory 0
Percent Under Contract
0
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Santa Monica
May 2012
May 2013
Median Price $1,968,888
$1,620,000
-18
29
38
$62,244,500
34
27
8
84
-29
39
-39
2
-33
32.1
52
Properties Sold
21
Sales Volume $46,405,460
Properties Pending Sale
25
Properties For Sale 118
Average Days on Market
64
Month’s Supply of Inventory 3
Percent Under Contract
21.2
*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
May 2012
May 2013
%Change
Median Price $477,000
$692,000
45
30
20
$16,867,153
91
34
21
82
-30
27
-39
1
-67
41.5
73
Properties Sold
25
Sales Volume $8,836,138
Properties Pending Sale
28
Properties For Sale 117
Average Days on Market
44
Month’s Supply of Inventory 3
Percent Under Contract
23.9
*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
May 2012
May 2013 %Change
Median Price $1,267,000
$1,362,500
8
48
26
$113,172,500
77
47
27
231
-29
45
-40
3
-57
20.3
78
Properties Sold
38
Sales Volume $63,944,550
Properties Pending Sale
37
Properties For Sale 324
Average Days on Market
75
Month’s Supply of Inventory 7
Percent Under Contract
11.4
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoMarketReports.com
Venice
May 2012
May 2013
Median Price $840,000
$1,424,500
70
18
-5
$26,309,000
55
33
57
84
-24
41
-31
1
-67
39.3
108
Properties Sold
19
Sales Volume $16,988,015
Properties Pending Sale
21
Properties For Sale 111
Average Days on Market
59
Month’s Supply of Inventory 3
Percent Under Contract
18.9
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoMarketReports.com
%Change
West Hollywood
May 2012
May 2013
Median Price $880,000
$1,085,000
23
16
14
$18,130,870
55
10
13
30
Properties For Sale 52
35
-33
45
22
1
-75
37.1
93
Properties Sold
14
Sales Volume $11,662,000
Properties Pending Sale
Average Days on Market
37
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.
Rodeo Realty RodeoMarketReports.com
%Change
West Los Angeles
May 2012
May 2013
%Change
Median Price $570,000
$749,000
31
9
50
$4,838,500
57
7
-13
18
-55
13
-82
1
-67
38.9
94
Properties Sold
6
Sales Volume $3,089,000
Properties Pending Sale
8
Properties For Sale 40
Average Days on Market
73
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.
Rodeo Realty RodeoMarketReports.com
Westwood - Century City
May 2012
May 2013
Median Price $1,165,250
$1,490,050
28
22
0
$39,507,801
31
19
22
16
Properties For Sale 80
49
-39
17
-47
1
-67
44.9
89
Properties Sold
22
Sales Volume $30,119,311
Properties Pending Sale
Average Days on Market
32
Month’s Supply of Inventory 3
Percent Under Contract
23.8
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoMarketReports.com
%Change
RODEO REALTY MARKETING DEPARTMENT