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
Oct 2011
Oct 2012
Median Price $1,273,453
$2,645,550
Properties Sold
11
Sales Volume $32,755,453
Properties Pending Sale
17
Properties For Sale 171
Average Days on Market
96
Month’s Supply of Inventory 8
Percent Under Contract
9.9
10 $35,640,100
%Change 108 -9 9
19
12
133
-22
81
-16
6
-31
14.3
44
*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
Oct 2011
Oct 2012
Median Price $878,125
$1,027,500
17
16
33
$20,176,780
73
13
16
23
Properties For Sale 84
51
-39
52
8
2
-58
31.4
103
Properties Sold
12
Sales Volume $11,651,250
Properties Pending Sale
Average Days on Market
48
Month’s Supply of Inventory 5
Percent Under Contract
15.5
*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
Oct 2011
Oct 2012
Median Price $2,522,500
$2,870,000
14
25
56
$77,481,500
49
24
41
118
-17
64
-52
3
-50
20.3
70
Properties Sold
16
Sales Volume $51,941,000
Properties Pending Sale
17
Properties For Sale 142
Average Days on Market
134
Month’s Supply of Inventory 7
Percent Under Contract
12
*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.
Oct 2011
Oct 2012
Median Price $1,475,000
$2,450,000
66
17
55
$62,990,000
51
12
9
120
-34
55
-56
8
-47
10
65
Properties Sold
11
Sales Volume $41,721,000
Properties Pending Sale
11
Properties For Sale 182
Average Days on Market
125
Month’s Supply of Inventory 14
Percent Under Contract
6
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Beverlywood
Oct 2011
Oct 2012
%Change
Median Price $760,000
$595,000
-22
13
-13
$6,996,000
-42
20
17
-15
Properties For Sale 99
55
-44
65
10
2
-42
30.9
53
Properties Sold
15
Sales Volume $12,067,000
Properties Pending Sale
Average Days on Market
59
Month’s Supply of Inventory 3
Percent Under Contract
20.2
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Brentwood
Oct 2011
Oct 2012
Median Price $1,700,000
$1,501,000
-12
19
12
$30,867,400
-18
35
150
127
-20
60
-17
2
-74
27.6
211
Properties Sold
17
Sales Volume $37,788,750
Properties Pending Sale
14
Properties For Sale 158
Average Days on Market
72
Month’s Supply of Inventory 9
Percent Under Contract
8.9
*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
Oct 2011
Oct 2012
Median Price $1,444,600
$1,425,000
-1
5
-38
$6,640,430
-39
Properties Sold
8
Sales Volume $10,959,200
Properties Pending Sale
8
Properties For Sale 35
Average Days on Market
52
Month’s Supply of Inventory 3
Percent Under Contract
22.9
%Change
8
0
17
-51
69
33
1
-77
47.1
106
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Culver City
Oct 2011
Oct 2012
%Change
Median Price $677,500
$702,500
4
18
50
$11,563,150
48
14
24
71
Properties For Sale 77
60
-22
66
-13
1
-68
40
120
Properties Sold
12
Sales Volume $7,824,250
Properties Pending Sale
Average Days on Market
76
Month’s Supply of Inventory 4
Percent Under Contract
18.2
*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
Oct 2011
Oct 2012
Median Price $790,000
$1,145,625
45
21
50
$24,219,360
87
24
26
86
-46
132
94
2
-67
27.9
134
Properties Sold
14
Sales Volume $12,960,000
Properties Pending Sale
19
Properties For Sale 159
Average Days on Market
68
Month’s Supply of Inventory 7
Percent Under Contract
11.9
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Hollywood
Oct 2011
Oct 2012
%Change
Median Price $408,250
$724,500
77
4
-33
$2,974,000
37
3
0
15
-66
78
100
4
-70
20
193
Properties Sold
6
Sales Volume $2,169,000
Properties Pending Sale
3
Properties For Sale 44
Average Days on Market
39
Month’s Supply of Inventory 12
Percent Under Contract
6.8
*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
Oct 2011
Oct 2012
%Change
Median Price $682,500
$835,000
22
19
217
$17,043,000
328
17
42
81
-28
89
53
3
-59
21
98
Properties Sold
6
Sales Volume $3,986,000
Properties Pending Sale
12
Properties For Sale 113
Average Days on Market
58
Month’s Supply of Inventory 7
Percent Under Contract
10.6
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Los Feliz
Oct 2011
Oct 2012
%Change
Median Price $821,500
$816,750
-1
22
57
$16,628,500
59
19
-17
90
-38
79
41
3
-24
21.1
34
Properties Sold
14
Sales Volume $10,489,500
Properties Pending Sale
23
Properties For Sale 146
Average Days on Market
56
Month’s Supply of Inventory 5
Percent Under Contract
15.8
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Malibu
Oct 2011
Oct 2012
Median Price $2,112,500
$1,616,775
-23
12
50
$21,060,050
17
27
125
183
-34
121
-40
5
-74
14.8
241
Properties Sold
8
Sales Volume $17,993,000
Properties Pending Sale
12
Properties For Sale 277
Average Days on Market
201
Month’s Supply of Inventory 20
Percent Under Contract
4.3
*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
Oct 2011
Oct 2012
Median Price $12,000,000
$5,975,000
-50
4
300
$22,500,000
88
6
100
84
-27
133
28
12
-66
7.1
174
Properties Sold
1
Sales Volume $12,000,000
Properties Pending Sale
3
Properties For Sale 115
Average Days on Market
104
Month’s Supply of Inventory 34
Percent Under Contract
2.6
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Marina del Rey
Oct 2011
Oct 2012
Median Price $949,000
$1,240,000
31
3
0
$4,180,000
24
3
0
14
-61
115
2
Properties Sold
3
Sales Volume $3,364,000
Properties Pending Sale
3
Properties For Sale 36
Average Days on Market
113
Month’s Supply of Inventory 7
Percent Under Contract
8.3
%Change
4
-49
21.4
157
*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
Oct 2011
Oct 2012
%Change
Median Price $250,000
$300,000
20
25
67
$4,093,900
61
48
33
170
-34
73
-4
2
-63
28.2
102
Properties Sold
15
Sales Volume $2,543,000
Properties Pending Sale
36
Properties For Sale 258
Average Days on Market
76
Month’s Supply of Inventory 6
Percent Under Contract
14
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Mid Wilshire
Oct 2011
Oct 2012
%Change
Median Price $427,000
$430,000
1
Properties Sold
5
Sales Volume $1,744,720
Properties Pending Sale
2
Properties For Sale 37
Average Days on Market
14
Month’s Supply of Inventory 16
Percent Under Contract
5.4
2
-60
$860,000
-51
9
350
27
-27
111
693
1
-91
33.3
517
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Pacific Palisades
Oct 2011
Oct 2012
Median Price $2,021,000
$2,400,000
19
21
17
$61,448,490
16
24
9
126
-27
89
10
3
-45
19
50
Properties Sold
18
Sales Volume $52,798,875
Properties Pending Sale
22
Properties For Sale 173
Average Days on Market
81
Month’s Supply of Inventory 6
Percent Under Contract
12.7
*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
Oct 2011
Oct 2012
%Change
Median Price $672,500
$780,000
16
31
55
$21,888,920
63
38
111
76
-42
33
-23
1
-85
50
267
Properties Sold
20
Sales Volume $13,402,500
Properties Pending Sale
18
Properties For Sale 132
Average Days on Market
43
Month’s Supply of Inventory 5
Percent Under Contract
13.6
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Playa Vista
Oct 2011
Oct 2012
%Change
Median Price $1,060,000
$911,500
-14
1
-50
$911,500
-3
1
1
0
Properties For Sale 4
2
-50
78
-54
1
-50
50
100
Properties Sold
2
Sales Volume $940,000
Properties Pending Sale
Average Days on Market
171
Month’s Supply of Inventory 2
Percent Under Contract
25
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Santa Monica
Oct 2011
Oct 2012
Median Price $1,950,000
$1,868,000
Properties Sold
7
Sales Volume $15,619,000
Properties Pending Sale
18
Properties For Sale 131
Average Days on Market
44
Month’s Supply of Inventory 5
Percent Under Contract
13.7
%Change -4
18
157
$35,795,000
129
35
94
101
-23
47
7
1
-74
34.7
152
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Silverlake - Echo Park
Oct 2011
Oct 2012
%Change
Median Price $611,250
$607,500
-1
18
13
$9,819,000
2
32
39
91
-40
35
-13
2
-66
35.2
131
Properties Sold
16
Sales Volume $9,654,550
Properties Pending Sale
23
Properties For Sale 151
Average Days on Market
40
Month’s Supply of Inventory 5
Percent Under Contract
15.2
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Sunset Strip - Hollywood Hills West
Oct 2011
Oct 2012
Median Price $1,000,000
$1,400,000
40
34
79
$59,273,810
145
46
109
274
-14
48
-21
4
-66
16.8
143
Properties Sold
19
Sales Volume $24,152,000
Properties Pending Sale
22
Properties For Sale 319
Average Days on Market
61
Month’s Supply of Inventory 12
Percent Under Contract
6.9
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Venice
Oct 2011
Oct 2012
Median Price $1,135,000
$1,200,000
6
19
27
$27,727,175
56
22
69
73
-31
50
-39
2
-67
30.1
146
Properties Sold
15
Sales Volume $17,813,000
Properties Pending Sale
13
Properties For Sale 106
Average Days on Market
82
Month’s Supply of Inventory 6
Percent Under Contract
12.3
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
West Hollywood
Oct 2011
Oct 2012
Median Price $870,000
$1,367,600
57
6
-25
$9,190,200
19
11
10
-9
Properties For Sale 79
33
-58
30
-68
2
-58
30.3
118
Properties Sold
8
Sales Volume $7,719,000
Properties Pending Sale
Average Days on Market
93
Month’s Supply of Inventory 5
Percent Under Contract
13.9
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
West Los Angeles
Oct 2011
Oct 2012
%Change
Median Price $875,500
$700,000
-20
10
400
$4,089,000
134
7
250
37
-5
33
-84
3
-82
18.9
269
Properties Sold
2
Sales Volume $1,751,000
Properties Pending Sale
2
Properties For Sale 39
Average Days on Market
206
Month’s Supply of Inventory 17
Percent Under Contract
5.1
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Westwood - Century City
Oct 2011
Oct 2012
Median Price $1,239,000
$1,610,000
30
21
91
$34,591,675
122
11
20
82
Properties For Sale 77
48
-38
54
2
1
-78
41.7
192
Properties Sold
11
Sales Volume $15,557,800
Properties Pending Sale
Average Days on Market
53
Month’s Supply of Inventory 6
Percent Under Contract
14.3
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
RODEO REALTY MARKETING DEPARTMENT