Local Market Report April 2015
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 2014
Median Price $7,400,000
Properties Sold
3
Sales Volume $22,760,000
Average Sale Price
$7,586,667
Properties For Sale 97
Average Days on Market
181
Months Supply of Inventory 32.33
Average List Price
$8,559,120
April 2015
%Change
$2,377,500
-68%
5
67%
$79,349,550
249%
$7,934,955
5%
89
-8%
$67
-63%
$9
-72%
$8,556,000
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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0%
Beverly Center - Miracle Mile
April 2014
Median Price $1,050,000
Properties Sold
23
Sales Volume $26,174,150
Average Sale Price
$1,138,007
Properties For Sale 70
Average Days on Market
53
Months Supply of Inventory 3.04
Average List Price
$1,117,469
April 2015
%Change
$1,300,000
24%
31
35%
$41,791,849
60%
$1,348,124
18%
63
-10%
63
19%
2.03
-33%
$1,510,866
35%
*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 2014
Median Price $2,517,500
Properties Sold
28
Sales Volume $99,151,851
Average Sale Price
$3,541,138
Properties For Sale 117
Average Days on Market
89
Months Supply of Inventory 4.18
Average List Price
$4,651,215
April 2015
%Change
$3,779,000
50%
32
14%
$143,729,299
45%
$4,491,541
27%
108
-8%
105
18%
3.38
-19%
$5,967,567
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 2014
Median Price $2,750,000
Properties Sold
17
Sales Volume $67,830,000
Average Sale Price
$3,990,000
Properties For Sale 113
Average Days on Market
110
Months Supply of Inventory 6.65
Average List Price
$3,261,456
April 2015
%Change
$2,300,000
-16%
12
-29%
$31,982,500
-53%
$2,665,208
-33%
96
-15%
102
-7%
8
20%
$3,805,262
17%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Beverlywood
April 2014
Median Price $910,000
Properties Sold
30
Sales Volume $32,819,565
Average Sale Price
$1,093,986
Properties For Sale 76
Average Days on Market
64
Months Supply of Inventory 2.53
Average List Price
$1,090,148
April 2015
%Change
$960,000
5%
15
-50%
$17,016,500
-48%
$1,134,433
4%
57
-25%
38
-41%
3.8
50%
$1,086,164
0%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Brentwood
April 2014
Median Price $1,233,500
Properties Sold
33
Sales Volume $68,214,350
Average Sale Price
$2,067,102
Properties For Sale 165
Average Days on Market
66
Months Supply of Inventory 5
Average List Price
$2,148,748
April 2015
%Change
$1,450,000
18%
45
36%
$102,114,215
50%
$2,269,205
10%
143
-13%
61
-8%
3.18
-36%
$3,528,018
64%
*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 2014
Median Price $1,295,500
Properties Sold
8
Sales Volume $14,531,000
Average Sale Price
$1,816,375
Properties For Sale 17
Average Days on Market
26
Months Supply of Inventory 2.13
Average List Price
$1,590,556
April 2015
%Change
$1,487,500
15%
8
0%
$13,900,000
-4%
$1,737,500
-4%
16
-6%
67
158%
2
-6%
$1,977,733
24%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Culver City
April 2014
Median Price $752,500
Properties Sold
43
Sales Volume $30,979,680
Average Sale Price
$720,458
Properties For Sale 76
Average Days on Market
51
Months Supply of Inventory 1.77
Average List Price
$599,742
April 2015
%Change
$656,500
-13%
50
16%
$36,140,122
17%
$722,802
0%
68
-11%
36
-29%
1.36
-23%
$702,824
17%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hancock Park
April 2014
Median Price $905,000
Properties Sold
34
Sales Volume $40,353,547
Average Sale Price
$1,186,869
Properties For Sale 181
Average Days on Market
81
Months Supply of Inventory 5.32
Average List Price
$1,416,303
April 2015
%Change
$947,500
5%
48
41%
$55,825,274
38%
$1,163,027
-2%
157
-13%
58
-28%
3.27
-39%
$1,469,705
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
4%
Hollywood
April 2014
Median Price $610,000
Properties Sold
25
Sales Volume $17,095,610
Average Sale Price
$683,824
Properties For Sale 89
Average Days on Market
95
Months Supply of Inventory 3.56
Average List Price
$760,036
April 2015
%Change
$686,495
13%
18
-28%
$13,255,383
-22%
$736,410 60
-33%
46
-52%
3.33
-6%
$878,990
16%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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8%
Hollywood Hills East
April 2014
Median Price $1,105,000
Properties Sold
13
Sales Volume $12,882,630
Average Sale Price
$990,972
Properties For Sale 73
Average Days on Market
53
Months Supply of Inventory 5.62
Average List Price
$1,229,032
April 2015
%Change
$1,230,000
11%
19
46%
$23,568,399
83%
$1,240,442
25%
66
-10%
79
49%
3.47
-38%
$1,419,866
16%
*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 2014 Median Price $1,388,955
April 2015
%Change
$990,000
-29%
Properties Sold 21 Sales Volume $31,196,955
25
19%
$28,062,600
-10%
$1,122,504
-24%
68
-19%
43
19%
2.76
-31%
Average Sale Price
$1,485,569
Properties For Sale 84
Average Days on Market
36
Months Supply of Inventory 4
Average List Price
$1,582,688
$1,629,930
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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3%
Malibu
April 2014
Median Price $2,025,000
Properties Sold
18
Sales Volume $43,497,900
Average Sale Price
$2,416,550
Properties For Sale 208
Average Days on Market
153
Months Supply of Inventory 11.56
Average List Price
$2,703,468
April 2015
%Change
$2,025,000
0%
22
22%
$47,749,684
10%
$2,170,440
-10%
173
-17%
170
11%
7.86
-32%
$3,090,248
14%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Malibu Beach
April 2014
Median Price $1,559,500
Properties Sold
4
Sales Volume $8,495,250
Average Sale Price
$2,123,813
Properties For Sale 94
Average Days on Market
232
Months Supply of Inventory 23.5
Average List Price
$6,058,441
April 2015
%Change
$1,950,000
25%
7
75%
$18,755,000
121%
$2,679,286
26%
84
-11%
165
-29%
12
-49%
$8,466,278
40%
*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 2014
Median Price $772,500
Properties Sold
37
Sales Volume $37,797,775
Average Sale Price
$1,021,561
Properties For Sale 155
Average Days on Market
57
Months Supply of Inventory 4.19
Average List Price
$1,218,848
April 2015
%Change
$976,000
26%
33
-11%
$37,420,750
-1%
$1,133,962
11%
100
-35%
66
16%
3.03
-28%
$1,266,936
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
4%
Mid Los Angeles
April 2014
Median Price $475,000
Properties Sold
26
Sales Volume $13,315,790
Average Sale Price
$512,146
Properties For Sale 117
Average Days on Market
47
Months Supply of Inventory 4.5
Average List Price
$486,316
April 2015
%Change
$520,000
9%
32
23%
$18,672,200
40%
$583,506
14%
109
-7%
66
40%
3.41
-24%
$539,311
11%
*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 2014
Median Price $505,000
Properties Sold
12
Sales Volume $6,224,900
Average Sale Price
$518,742
Properties For Sale 97
Average Days on Market
55
Months Supply of Inventory 8.08
Average List Price
$537,736
April 2015
%Change
$727,000
44%
15
25%
$10,697,500
72%
$713,167
37%
70
-28%
34
-38%
4.67
-42%
$683,657
27%
*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 2014
Median Price $1,617,500
Properties Sold
34
Sales Volume $95,994,651
Average Sale Price
$2,823,372
Properties For Sale 114
Average Days on Market
66
Months Supply of Inventory 3.35
Average List Price
$2,370,987
April 2015
%Change
$2,385,000
47%
40
18%
$124,357,821
30%
$3,108,946
10%
120
5%
62
-6%
3
-10%
$3,645,145
54%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Palms
April 2014
Median Price $906,575
Properties Sold
37
Sales Volume $36,277,075
Average Sale Price
$980,461
Properties For Sale 101
Average Days on Market
62
Months Supply of Inventory 2.73
Average List Price
$944,478
April 2015
%Change
$1,082,500
19%
40
8%
$47,331,875
30%
$1,183,297
21%
91
-10%
49
-21%
2.28
-16%
$953,075
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
1%
Playa Vista
April 2014
Median Price $719,000
Properties Sold
14
Sales Volume $9,894,500
Average Sale Price
$706,750
Properties For Sale 29
Average Days on Market
75
Months Supply of Inventory 2.07
Average List Price
$879,727
April 2015
%Change
$767,500
7%
15
7%
$12,611,000
27%
$840,733
19%
19
-34%
37
-51%
1.27
-39%
$916,923
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
4%
Santa Monica
April 2014
Median Price $1,013,000
Properties Sold
65
Sales Volume $100,339,412
Average Sale Price
$1,543,683
Properties For Sale 197
Average Days on Market
43
Months Supply of Inventory 3.03
Average List Price
$1,542,167
April 2015
%Change
$1,435,000
42%
58
-11%
$107,915,000
8%
$1,860,603
21%
185
-6%
63
47%
3.19
5%
$2,206,632
43%
*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 2014
Median Price $703,125
Properties Sold
36
Sales Volume $28,144,280
Average Sale Price
$781,786
Properties For Sale 89
Average Days on Market
45
Months Supply of Inventory 2.47
Average List Price
$807,813
April 2015
%Change
$835,000
19%
39
8%
$36,582,916
30%
$938,023
20%
79
-11%
60
33%
2.03
-18%
$885,598
10%
*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 2014
Median Price $1,295,000
Properties Sold
44
Sales Volume $80,135,004
Average Sale Price
$1,821,250
Properties For Sale 286
Average Days on Market
73
Months Supply of Inventory 6.5
Average List Price
$2,376,301
April 2015
%Change
$1,275,000
-2%
47
7%
$78,251,428
-2%
$1,664,924
-9%
258
-10%
74
1%
5.49
-16%
$3,478,100
46%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Venice
April 2014
Median Price $1,360,000
Properties Sold
14
Sales Volume $28,910,300
Average Sale Price
$2,065,021
Properties For Sale 56
Average Days on Market
110
Months Supply of Inventory 4
Average List Price
$1,603,962
April 2015
%Change
$1,830,000
35%
23
64%
$46,702,000
62%
$2,030,522
-2%
63
13%
57
-48%
2.74
-32%
$1,839,848
15%
*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 2014
Median Price $710,000
Properties Sold
46
Sales Volume $40,431,193
Average Sale Price
$878,939
Properties For Sale 162
Average Days on Market
62
Months Supply of Inventory 3.54
Average List Price
$793,872
April 2015
%Change
$635,000
-11%
39
-15%
$31,986,800
-21%
$820,174
-7%
146
-10%
56
-10%
3.74
6%
$916,641
15%
*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 2014
Median Price $675,000
Properties Sold
30
Sales Volume $21,691,695
Average Sale Price
$723,057
Properties For Sale 81
April 2015
%Change
$748,000
11%
30
0%
$23,565,064
9%
$785,502
9%
66
-19%
47
59
26%
Months Supply of Inventory 2.7
2.2
-19%
Average Days on Market
Average List Price
$771,905
$823,774
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
7%
Westwood - Century City
April 2014
Median Price $825,000
Properties Sold
65
Sales Volume $82,956,377
Average Sale Price
$1,276,252
Properties For Sale 274
Average Days on Market
91
Months Supply of Inventory 4.22
Average List Price
$1,242,939
April 2015
%Change
$840,000
2%
75
15%
$94,756,689
14%
$1,263,423
-1%
257
-6%
59
-35%
3.43
-19%
$1,611,730
30%
*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