Local Market Report August 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.
RodeoRE.com
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
Rodeo Realty RodeoRE.com
Bel Air-Holmby Hills
August 2014
Median Price $1,945,500
Properties Sold
10
Sales Volume $28,496,800
Average Sale Price
$2,849,680
Properties For Sale 106
Average Days on Market
73
Months Supply of Inventory 11
Average List Price
$6,940,444
August 2015 %Change $2,247,500
16%
10
0%
$21,010,000
-26%
$2,101,000
-26%
89
-16%
57
-22%
9
-18%
$5,566,253
-20%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Beverly Center - Miracle Mile
August 2014
Median Price $905,000
Properties Sold
33
Sales Volume $36,614,427
Average Sale Price
$1,109,528
Properties For Sale 87
Average Days on Market
48
Months Supply of Inventory 3
Average List Price
$1,409,806
August 2015 %Change $1,339,000
48%
28
-15%
$40,716,013
11%
$1,454,143
31%
76
-13%
45
-6%
3
0%
$1,238,947
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
-12%
Beverly Hills
August 2014
Median Price $1,704,026
Properties Sold
129
Sales Volume $96,320,108
Average Sale Price
$3,852,804
Properties For Sale 129
Average Days on Market
93
Months Supply of Inventory 5
Average List Price
$2,451,297
August 2015 %Change $1,770,000 115
-11%
$82,522,026
-14%
$3,587,914
-7%
115
-11%
108
16%
5
0%
$7,095,163
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
4%
189%
Beverly Hills P.O.
August 2014
Median Price $2,370,000
Properties Sold
15
Sales Volume $52,684,147
Average Sale Price
$3,512,276
Properties For Sale 123
Average Days on Market
90
Months Supply of Inventory 8
Average List Price
$4,331,497
August 2015 %Change $2,625,000
11%
13
-13%
$47,251,562
-10%
$3,634,736
3%
121
-2%
123
37%
9
13%
$3,754,191
-13%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Beverlywood
August 2014
Median Price $817,500
Properties Sold
28
Sales Volume $27,239,750
Average Sale Price
$972,848
Properties For Sale 77
Average Days on Market
62
Months Supply of Inventory 3
Average List Price
$870,677
August 2015 %Change $1,025,000
25%
32
14%
$39,668,080
46%
$1,239,628
27%
60
-22%
27
-56%
2
-33%
$1,111,782
28%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Brentwood
August 2014
Median Price $1,007,500
Properties Sold
54
Sales Volume $125,170,512
Average Sale Price
$2,317,972
Properties For Sale 171
Average Days on Market
56
Months Supply of Inventory 3
Average List Price
$1,848,650
August 2015 %Change $1,007,500 31
-43%
$73,767,513
-41%
$2,379,597
3%
178
4%
61
9%
6
100%
$2,259,734
22%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
0%
Cheviot Hills - Rancho Park
August 2014
Median Price $1,348,000
Properties Sold
10
Sales Volume $17,385,300
Average Sale Price
$1,738,530
Properties For Sale 24
Average Days on Market
34
Months Supply of Inventory 2
Average List Price
$1,478,800
August 2015 %Change $1,850,000
37%
9
-10%
$17,590,000
1%
$1,954,444
12%
$12
-50%
30
-12%
$1
-50%
$1,699,625
15%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Culver City
August 2014
Median Price $485,500
Properties Sold
36
Sales Volume $22,157,600
Average Sale Price
$615,489
Properties For Sale 97
Average Days on Market
58
Months Supply of Inventory 3
Average List Price
$707,451
August 2015 %Change $712,500
47%
46
28%
$36,569,800
65%
$794,996
29%
98
1%
34
-41%
2
-33%
$854,295
21%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hancock Park
August 2014
Median Price $860,000
Properties Sold
49
Sales Volume $65,107,565
Average Sale Price
$1,328,726
Properties For Sale 185
Average Days on Market
70
Months Supply of Inventory 4
Average List Price
$1,171,700
August 2015 %Change $892,500 38
-22%
$49,837,532
-23%
$1,311,514
-1%
159
-14%
64
-9%
4
0%
$1,454,966
24%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
4%
Hollywood
August 2014
Median Price $728,000
Properties Sold
17
Sales Volume $16,524,400
Average Sale Price
$972,024
Properties For Sale 73
Average Days on Market
72
Months Supply of Inventory 4
Average List Price
$811,254
August 2015 %Change $777,990
7%
19
12%
$19,635,590
19%
$1,033,452
6%
55
-25%
71
-1%
3
-25%
$790,948
-3%
*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
August 2014
Median Price $1,020,000
Properties Sold
10
Sales Volume $12,713,900
Average Sale Price
$1,271,390
Properties For Sale 89
Average Days on Market
93
Months Supply of Inventory 9
Average List Price
$1,158,362
August 2015 %Change $1,260,000
24%
19
90%
$24,990,465
97%
$1,315,288
3%
78
-12%
76
-18%
4
-56%
$1,199,732
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
4%
Los Feliz
August 2014 Median Price $1,461,612
August 2015 %Change $1,862,675
27%
Properties Sold 25 Sales Volume $31,310,810
32
28%
$51,522,550
65%
$1,610,080
29%
69
-22%
59
-2%
2
-50%
$1,862,675
27%
Average Sale Price
$1,252,432
Properties For Sale 88
Average Days on Market
60
Months Supply of Inventory 4
Average List Price
$1,461,612
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Malibu
August 2014
Median Price $1,585,000
Properties Sold
13
Sales Volume $19,851,000
Average Sale Price
$1,527,000
Properties For Sale 242
Average Days on Market
124
Months Supply of Inventory 19
Average List Price
$2,893,841
August 2015 %Change $1,350,000
-15%
15
15%
$29,298,500
48%
$1,953,233
28%
209
-14%
74
-40%
14
-26%
$3,384,598
17%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Malibu Beach
August 2014
Median Price $5,912,500
Properties Sold
10
Sales Volume $96,476,900
Average Sale Price
$9,647,690
Properties For Sale 89
Average Days on Market
154
Months Supply of Inventory 9
Average List Price
$4,854,889
August 2015 %Change $2,600,000
-56%
8
-20%
$31,610,000
-67%
$3,951,250
-59%
74
-17%
$109
-29%
$9
0%
$7,435,000
53%
*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
August 2014
Median Price $801,250
Properties Sold
30
Sales Volume $26,875,400
Average Sale Price
$895,847
Properties For Sale 123
Average Days on Market
91
Months Supply of Inventory 4
Average List Price
$1,054,522
August 2015 %Change $1,020,000
27%
26
-13%
$33,161,419
23%
$1,275,439
42%
92
-25%
81
-11%
4
0%
$1,206,151
14%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Mid Los Angeles
August 2014
Median Price $452,950
Properties Sold
40
Sales Volume $19,979,580
Average Sale Price
$499,490
Properties For Sale 149
Average Days on Market
45
Months Supply of Inventory 4
Average List Price
$497,825
August 2015 %Change $550,000
21%
36
-10%
$21,206,274
6%
$589,063
18%
92
-38%
37
-18%
3
-25%
$591,373
19%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Mid Wilshire
August 2014
Median Price $528,000
Properties Sold
19
Sales Volume $10,232,000
Average Sale Price
$538,526
Properties For Sale 94
Average Days on Market
65
Months Supply of Inventory 5
Average List Price
$454,607
August 2015 %Change $510,000
-3%
23
21%
$12,940,000
26%
$562,609
4%
76
-19%
59
-9%
3
-40%
$672,089
48%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Pacific Palisades
June 2014
Median Price $1,805,000
Properties Sold
38
Sales Volume $73,480,769
Average Sale Price
$1,933,704
Properties For Sale 118
Average Days on Market
60
Months Supply of Inventory 3
Average List Price
$2,419,229
June 2015
%Change
$2,300,000
27%
30
-21%
$90,101,850
23%
$3,003,395
55%
122
3%
56
0%
4
33%
$3,111,263
29%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Palms
August 2014
Median Price $889,000
Properties Sold
37
Sales Volume $35,306,920
Average Sale Price
$954,241
Properties For Sale 138
Average Days on Market
48
Months Supply of Inventory 4
Average List Price
$895,817
August 2015 %Change $1,070,266
20%
46
24%
$52,262,131
48%
$1,136,133
19%
69
-50%
45
-6%
2
-50%
$1,022,530
14%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Playa Vista
August 2014
Median Price $730,000
Properties Sold
15
Sales Volume $11,495,000
Average Sale Price
$766,333
Properties For Sale 40
Average Days on Market
52
Months Supply of Inventory 3
Average List Price
$881,609
August 2015 %Change $1,284,500
76%
6
-60%
$7,269,000
-37%
$1,211,500
58%
11
-73%
37
-29%
2
-33%
$840,750
-5%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Santa Monica
August 2014
Median Price $1,180,000
Properties Sold
79
Sales Volume $122,271,607
Average Sale Price
$1,547,742
Properties For Sale 217
Average Days on Market
60
Months Supply of Inventory 3
Average List Price
$1,438,985
August 2015 %Change $1,285,000 66
-16%
$104,759,298
-14%
$1,587,262
3%
162
-25%
48
-20%
2
-33%
$1,850,418
29%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
9%
Silverlake - Echo Park
August 2014
Median Price $605,000
Properties Sold
23
Sales Volume $16,431,940
Average Sale Price
$714,432
Properties For Sale 92
Average Days on Market
48
Months Supply of Inventory 4
Average List Price
$904,234
August 2015 %Change $770,000
27%
28
22%
$24,626,823
50%
$879,529
23%
100
9%
42
-13%
4
0%
$821,937
-9%
*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
August 2014
Median Price $1,369,000
Properties Sold
45
Sales Volume $78,019,500
Average Sale Price
$1,733,767
Properties For Sale 264
Average Days on Market
89
Months Supply of Inventory 6
Average List Price
$2,419,826
August 2015 %Change $1,410,000
3%
55
22%
$104,365,669
34%
$1,897,558
9%
252
-5%
70
-21%
5
-17%
$3,648,979
51%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Venice
August 2014
Median Price $1,661,661
Properties Sold
19
Sales Volume $36,858,660
Average Sale Price
$1,939,929
Properties For Sale 67
Average Days on Market
72
Months Supply of Inventory 4
Average List Price
$1,655,410
August 2015 %Change $1,533,500
-8%
14
-26%
$23,891,125
-35%
$1,706,509
-12%
87
30%
62
-14%
6
50%
$2,207,160
33%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
West Hollywood
August 2014
Median Price $739,000
Properties Sold
40
Sales Volume $36,379,525
Average Sale Price
$909,488
Properties For Sale 166
Average Days on Market
50
Months Supply of Inventory 4
Average List Price
$954,376
August 2015 %Change $694,000
-6%
46
15%
$41,277,888
13%
$897,345
-1%
134
-19%
61
22%
3
-25%
$1,043,292
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
9%
West Los Angeles
August 2014
Median Price $715,000
Properties Sold
29
Sales Volume $21,761,545
Average Sale Price
$750,398
Properties For Sale 80
Average Days on Market
42
Months Supply of Inventory 3
Average List Price
$770,414
August 2015 %Change $870,500
22%
24
-17%
$23,214,744
7%
$967,281
29%
58
-28%
43
2%
2
-33%
$869,233
13%
*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
August 2014
Median Price $880,000
Properties Sold
65
Sales Volume $78,251,443
Average Sale Price
$1,203,868
Properties For Sale 294
Average Days on Market
55
Months Supply of Inventory 5
Average List Price
$1,570,481
August 2015 %Change $890,000
1%
78
20%
$102,462,932
31%
$1,313,627
9%
259
-12%
57
4%
3
-40%
$1,418,345
-10%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
RODEO REALTY MARKETING DEPARTMENT