Local Market Report April 2016
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
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
April 2015
Median Price $2,377,500
Properties Sold
10
Sales Volume $79,349,550
Average Sale Price
$7,934,955
Properties For Sale 98
Average Days on Market
67
Months Supply of Inventory 10
Average List Price
$8,039,750
April 2016
%Change
$1,815,000
-24%
17
70%
$41,638,645
-48%
$2,449,332
-69%
110
12%
62
-7%
6
-40%
$8,739,639
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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9%
Beverly Center - Miracle Mile
April 2015
Median Price $1,320,000
Properties Sold
32
Sales Volume $43,316,849
Average Sale Price
$1,353,652
Properties For Sale 69
Average Days on Market
63
Months Supply of Inventory 2
Average List Price
$1,495,537
April 2016
%Change
$1,307,500
-1%
24
-25%
$42,117,000
-3%
$1,754,875
30%
85
23%
53
-16%
4
100%
$1,693,589
13%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverly Hills
April 2015
Median Price $2,735,000
Properties Sold
44
Sales Volume $175,711,799
Average Sale Price
$3,993,450
Properties For Sale 218
Average Days on Market
104
Months Supply of Inventory 5
Average List Price
$4,910,171
April 2016
%Change
$2,348,000
-14%
30
-32%
$113,513,000
-35%
$3,783,767
-5%
247
13%
120
15%
8
60%
$6,285,504
28%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverly Hills P.O.
April 2015
Median Price $2,300,000
Properties Sold
12
Sales Volume $31,982,500
Average Sale Price
$2,665,208
Properties For Sale 103
Average Days on Market
102
Months Supply of Inventory 9
Average List Price
$3,531,307
April 2016
%Change
$2,575,000
12%
11
-8%
$32,835,000
3%
$2,985,000
12%
118
15%
172
69%
11
22%
$6,963,975
97%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Beverlywood
April 2015
Median Price $960,000
Properties Sold
15
Sales Volume $16,946,500
Average Sale Price
$1,129,767
Properties For Sale 61
Average Days on Market
38
Months Supply of Inventory 4
Average List Price
$1,072,103
April 2016
%Change
$1,150,000
20%
21
40%
$24,462,657
44%
$1,164,888
3%
70
15%
49
29%
3
-25%
$1,428,473
33%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Brentwood
April 2015
Median Price $1,450,000
Properties Sold
45
Sales Volume $102,114,215
Average Sale Price
$2,269,205
Properties For Sale 148
Average Days on Market
61
Months Supply of Inventory 3
Average List Price
$3,400,357
April 2016
%Change
$1,798,000
24%
46
2%
$121,196,580
19%
$2,634,708
16%
153
3%
58
-5%
3
0%
$4,002,786
18%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Cheviot Hills - Rancho Park
April 2015
Median Price $1,475,000
Properties Sold
9
Sales Volume $14,818,800
Average Sale Price
$1,646,533
Properties For Sale 18
Average Days on Market
62
Months Supply of Inventory 2
Average List Price
$1,947,667
April 2016
%Change
$2,305,000
56%
6
-33%
$13,840,000
-7%
$2,306,667
40%
24
33%
47
-24%
4
100%
$2,664,167
37%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Culver City
April 2015
Median Price $660,000
Properties Sold
75
Sales Volume $36,880,122
Average Sale Price
$723,140
Properties For Sale 75
Average Days on Market
36
Months Supply of Inventory 1
Average List Price
$701,327
April 2016
%Change
$835,000
27%
56
-25%
$41,696,500
13%
$887,160
23%
56
-25%
30
-17%
1
0%
$967,878
38%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Hancock Park
April 2015
Median Price $1,000,000
Properties Sold
49
Sales Volume $57,093,274
Average Sale Price
$1,165,169
Properties For Sale 168
Average Days on Market
57
Months Supply of Inventory 3
Average List Price
$1,494,722
April 2016
%Change
$920,000
-8%
49
0%
$69,303,800
21%
$1,414,363
21%
155
-8%
54
-5%
3
0%
$1,406,778
-6%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hollywood
April 2015
Median Price $686,495
Properties Sold
18
Sales Volume $13,255,383
Average Sale Price
$736,410
Properties For Sale 64
Average Days on Market
46
Months Supply of Inventory 4
Average List Price
$959,216
April 2016
%Change
$731,488
7%
12
-33%
$11,993,017
-10%
$999,418
36%
66
3%
48
4%
6
50%
$1,021,482
6%
*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
April 2015
Median Price $1,217,500
Properties Sold
18
Sales Volume $21,493,399
Average Sale Price
$1,194,078
Properties For Sale 66
Average Days on Market
70
Months Supply of Inventory 4
Average List Price
$1,423,285
April 2016
%Change
$1,256,500
3%
14
-22%
$16,043,665
-25%
$1,145,976
-4%
68
3%
62
-11%
5
25%
$1,428,111
0%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Los Feliz
April 2015 Median Price $990,000
April 2016
%Change
$1,447,000
46%
Properties Sold 25 Sales Volume $28,062,600
21
-16%
$30,840,750
10%
$1,468,607
31%
55
-29%
70
63%
3
0%
$1,547,525
-5%
Average Sale Price
$1,122,504
Properties For Sale 77
Average Days on Market
43
Months Supply of Inventory 3
Average List Price
$1,626,983
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Malibu
April 2015
Median Price $2,025,000
Properties Sold
22
Sales Volume $47,749,684
Average Sale Price
$2,170,440
Properties For Sale 196
Average Days on Market
170
Months Supply of Inventory 9
Average List Price
$3,048,694
April 2016
%Change
$1,362,500
-33%
22
0%
$43,869,025
-8%
$1,994,047
-8%
185
-6%
87
-49%
8
-11%
$4,543,093
49%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Malibu Beach
April 2015
Median Price $1,950,000
Properties Sold
7
Sales Volume $18,755,000
Average Sale Price
$2,679,286
Properties For Sale 91
Average Days on Market
165
Months Supply of Inventory 13
Average List Price
$8,193,667
April 2016
%Change
$5,050,000
159%
4
-43%
$21,560,000
15%
$5,390,000
101%
84
-8%
194
18%
21
62%
$10,940,526
34%
*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
April 2015
Median Price $976,000
Properties Sold
33
Sales Volume $37,420,750
Average Sale Price
$1,133,962
Properties For Sale 107
Average Days on Market
66
Months Supply of Inventory 3
Average List Price
$1,269,335
April 2016
%Change
$892,500
-9%
36
9%
$43,101,879
15%
$1,197,274
6%
111
4%
56
-15%
3
0%
$1,130,220
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
-11%
Mid Los Angeles
April 2015
Median Price $520,000
Properties Sold
32
Sales Volume $18,662,200
Average Sale Price
$583,194
Properties For Sale 128
Average Days on Market
66
Months Supply of Inventory 4
Average List Price
$533,140
April 2016
%Change
$650,000
25%
27
-16%
$19,773,500
6%
$732,352
26%
117
-9%
99
50%
4
0%
$659,044
24%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Mid Wilshire
April 2015
Median Price $670,000
Properties Sold
17
Sales Volume $11,712,500
Average Sale Price
$688,971
Properties For Sale 75
Average Days on Market
35
Months Supply of Inventory 4
Average List Price
$672,722
April 2016
%Change
$516,869
-23%
20
18%
$10,798,138
-8%
$539,907
-22%
70
-7%
41
17%
4
0%
$638,702
-5%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Pacific Palisades
April 2015
Median Price $2,275,000
Properties Sold
36
Sales Volume $114,395,321
Average Sale Price
$3,177,648
Properties For Sale 125
Average Days on Market
65
Months Supply of Inventory 3
Average List Price
$3,614,309
April 2016
%Change
$1,950,000
-14%
23
-36%
$53,103,550
-54%
$2,308,850
-27%
131
5%
58
-11%
6
100%
$4,093,441
13%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Palms
April 2015
Median Price $1,080,000
Properties Sold
41
Sales Volume $47,690,875
Average Sale Price
$1,163,192
Properties For Sale 99
Average Days on Market
48
Months Supply of Inventory 2
Average List Price
$963,663
April 2016
%Change
$1,169,000
8%
40
-2%
$49,924,338
5%
$1,248,108
7%
97
-2%
55
15%
2
0%
$1,330,677
38%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Playa Vista
April 2015
Median Price $767,500
Properties Sold
15
Sales Volume $12,611,000
Average Sale Price
$840,733
Properties For Sale 20
Average Days on Market
37
Months Supply of Inventory 1
Average List Price
$901,071
April 2016
%Change
$904,000
18%
12
-20%
$11,463,500
-9%
$955,292
14%
15
-25%
31
-16%
1
0%
$1,474,667
64%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Santa Monica
April 2015
Median Price $1,470,000
Properties Sold
59
Sales Volume $109,435,000
Average Sale Price
$1,854,831
Properties For Sale 197
Average Days on Market
63
Months Supply of Inventory 3
Average List Price
$2,180,683
April 2016
%Change
$1,580,000
7%
46
-22%
$97,233,065
-11%
$2,113,762
14%
169
-14%
47
-25%
4
33%
$1,846,201
-15%
*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
April 2015
Median Price $835,000
Properties Sold
39
Sales Volume $36,582,916
Average Sale Price
$938,023
Properties For Sale 86
Average Days on Market
60
Months Supply of Inventory 2
Average List Price
$871,740
April 2016
%Change
$821,292
-2%
30
-23%
$27,431,608
-25%
$914,387
-3%
97
13%
53
-12%
3
50%
$942,682
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
April 2015
Median Price $1,275,000
Properties Sold
47
Sales Volume $78,766,428
Average Sale Price
$1,675,881
Properties For Sale 283
Average Days on Market
78
Months Supply of Inventory 6
Average List Price
$3,164,827
April 2016
%Change
$1,347,500
6%
50
6%
$100,220,800
27%
$2,004,416
20%
264
-7%
63
-19%
5
-17%
$3,262,031
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
3%
Venice
April 2015
Median Price $1,830,000
Properties Sold
23
Sales Volume $46,702,000
Average Sale Price
$2,030,522
Properties For Sale 70
Average Days on Market
57
Months Supply of Inventory 3
Average List Price
$1,829,941
April 2016
%Change
$1,670,500
-9%
18
-22%
$40,522,000
-13%
$2,251,222
11%
74
6%
84
47%
4
33%
$2,404,333
31%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
West Hollywood
April 2015
Median Price $642,450
Properties Sold
36
Sales Volume $30,197,800
Average Sale Price
$838,828
Properties For Sale 135
Average Days on Market
54
Months Supply of Inventory 4
Average List Price
$896,802
April 2016
%Change
$709,500
10%
38
6%
$33,124,388
10%
$871,694
4%
108
-20%
51
-6%
3
-25%
$1,208,559
35%
*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
April 2015
Median Price $748,000
Properties Sold
30
Sales Volume $23,565,064
Average Sale Price
$785,502
Properties For Sale 70
Average Days on Market
59
Months Supply of Inventory 2
Average List Price
$821,359
April 2016
%Change
$895,000
20%
21
-30%
$21,790,500
-8%
$1,037,643
32%
52
-26%
42
-29%
2
0%
$922,303
12%
*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
April 2015
Median Price $839,628
Properties Sold
76
Sales Volume $95,306,689
Average Sale Price
$1,254,035
Properties For Sale 274
Average Days on Market
58
Months Supply of Inventory 4
Average List Price
$1,592,863
April 2016
%Change
$1,025,000
22%
69
-9%
$105,759,229
11%
$1,532,742
22%
223
-19%
72
24%
3
-25%
$1,573,910
-1%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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RODEO REALTY MARKETING DEPARTMENT