Local Market Report February 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
15
Beverly Center - Miracle Mile
3
Mid Los Angeles
16
Beverly Hills
4
Mid Wilshire
17
Beverly Hills P.O.
5
Pacific Palisades
18
Beverlywood
6
Playa Vista
19
Brentwood
7
Santa Monica
20
Cheviot Hills - Rancho Park
8
Silverlake - Echo Park
21
Culver City
9
22
Hollywood
10
Sunset Strip Hollywood Hills West
Hollywood Hills East
11
Venice
23
Los Feliz
12
West Hollywood
24
Malibu
13
West Los Angeles
25
Malibu Beach
14
Westwood - Century City
26
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Bel Air-Holmby Hills
Feb. 2014
Median Price $808,000
Properties Sold
2
Sales Volume $6,862,000
Average Sale Price
$3,431,000
Properties For Sale 7
Average Days on Market
91
Months Supply of Inventory 7.00
Average List Price
$1,916,000
Feb. 2015 $1,300,000
61%
n/a 0
-100%
n/a 1
-86%
n/a n/a $1,525,000
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
-20%
Beverly Center - Miracle Mile
Feb. 2014
Median Price $1,401,250
Properties Sold
12
Sales Volume $21,608,500
Average Sale Price
$1,800,708
Properties For Sale 49
Average Days on Market
36
Months Supply of Inventory 4.08
Average List Price
$1,518,413
Feb. 2015 $1,354,500
-3%
12
0%
$16,704,000
-23%
$1,392,000
-23%
44
-10%
41
14%
3.67
-10%
$1,713,118
13%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Beverly Hills
Feb. 2014
Median Price $5,600,000
Properties Sold
10
Sales Volume $83,327,000
Average Sale Price
$8,332,700
Properties For Sale 71
Average Days on Market
57
Months Supply of Inventory 7.10
Average List Price
$6,820,260
Feb. 2015 $3,955,000
-29%
8
-20%
$59,940,260
-28%
$7,492,533
-10%
67
-6%
66
16%
8.38
18%
$11,411,066
67%
*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.
Feb. 2014
Median Price $2,162,500
Properties Sold
10
Sales Volume $25,453,000
Average Sale Price
$2,545,300
Properties For Sale 107
Average Days on Market
72
Months Supply of Inventory 10.70
Average List Price
$4,217,727
Feb. 2015 $2,000,000
-8%
9
-10%
$26,065,500
2%
$2,896,167
14%
99
-7%
154
114%
11.00
3%
$6,424,100
52%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Beverlywood
Feb. 2014
Feb. 2015
%Change
Median Price $745,000
$748,000
0%
10
-9%
$9,253,500
-6%
$925,350
4%
Properties Sold
11
Sales Volume $9,800,500
Average Sale Price
$890,955
Properties For Sale 57
Average Days on Market
25
Months Supply of Inventory 5.18
Average List Price
$1,014,257
36
-37%
78
212%
3.60
-31%
$1,283,765
27%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Brentwood
Feb. 2014
Median Price n/a
Properties Sold
n/a
Sales Volume 0
Average Sale Price
n/a
Properties For Sale 3
Average Days on Market
n/a
Months Supply of Inventory n/a
Average List Price
n/a
Feb. 2015 $3,125,000 1 $3,125,000 $3,125,000 n/a 3 n/a n/a
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Cheviot Hills - Rancho Park
Feb. 2014
Median Price $2,295,000
Properties Sold
1
Sales Volume $2,295,000
Average Sale Price
$2,295,000
Properties For Sale n/a
Average Days on Market
201
Months Supply of Inventory n/a
Average List Price
n/a
Feb. 2015 n/a n/a 0 n/a n/a n/a n/a n/a
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
-100%
Culver City
Feb. 2014
Feb. 2015
%Change
Median Price $790,000
$779,000
-1%
14
8%
$12,638,500
13%
$902,750
5%
31
29%
51
-6%
2.21
19%
$1,019,333
5%
Properties Sold
13
Sales Volume $11,161,000
Average Sale Price
$858,538
Properties For Sale 24
Average Days on Market
54
Months Supply of Inventory 1.85
Average List Price
$973,794
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hollywood
Feb. 2014
Median Price $1,160,000
Properties Sold
1
Sales Volume $1,160,000
Average Sale Price
$1,160,000
Properties For Sale 3
Average Days on Market
120
Months Supply of Inventory 3.00
Average List Price
$875,000
Feb. 2015
%Change
$905,000
-22%
1 $905,000
-22%
$905,000
-22%
7
133%
11
-91%
7.00
133%
$698,905
-20%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
0%
Hollywood Hills East
Feb. 2014
Median Price n/a
Properties Sold
0
Sales Volume $0
Average Sale Price
n/a
Properties For Sale 3
Average Days on Market
Feb. 2015 $1,685,000 1 $1,685,000 $1,685,000 3
n/a
107
Months Supply of Inventory n/a
3.00
Average List Price
$1,450,000
n/a
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
0%
Los Feliz
Feb. 2014 Median Price n/a
Feb. 2015
Properties Sold 0 Sales Volume $0
1
Average Sale Price
n/a
Properties For Sale 3
Average Days on Market
n/a
Months Supply of Inventory n/a
Average List Price
$2,629,500
$2,400,000
$2,400,000 $2,400,000 2
-33%
2 2.00 $1,716,333
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
-35%
Malibu
Feb. 2014
Median Price $2,450,000
Properties Sold
20
Sales Volume $79,653,918
Average Sale Price
$3,982,696
Properties For Sale 225
Average Days on Market
133
Months Supply of Inventory 11.25
Average List Price
$5,062,026
Feb. 2015 $2,055,000
-16%
13
-35%
$37,040,125
-53%
$2,849,240
-28%
195
-13%
195
47%
15.00
33%
$4,850,895
-4%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Malibu Beach
Feb. 2014
Median Price $6,662,500
Properties Sold
4
Sales Volume $35,575,000
Average Sale Price
$8,893,750
Properties For Sale 58
Average Days on Market
177
Months Supply of Inventory 14.50
Average List Price
$6,476,500
Feb. 2015 $4,877,500
-27%
2
-50%
$9,755,000
-73%
$4,877,500
-45%
48
-17%
150
-15%
24.00
66%
$8,620,000
33%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Marina del Rey
Feb. 2014
Median Price $2,089,000
Properties Sold
5
Sales Volume $11,378,000
Average Sale Price
$2,275,600
Properties For Sale 14
Average Days on Market
78
Months Supply of Inventory 2.80
Average List Price
$2,719,167
Feb. 2015 $2,768,578
33%
4
-20%
$11,337,156
0%
$2,834,289
25%
5
-64%
79
1%
1.25
-55%
$2,395,000
-12%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Mid Los Angeles
Feb. 2014
Feb. 2015
%Change
Median Price $464,000
$423,000
-9%
25
-4%
$12,339,828
-7%
$493,593
-4%
93
-12%
63
-19%
3.72
-9%
$594,708
35%
Properties Sold
26
Sales Volume $13,322,604
Average Sale Price
$512,408
Properties For Sale 106
Average Days on Market
78
Months Supply of Inventory 4.08
Average List Price
$439,881
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Mid Wilshire
Feb. 2014
Feb. 2015
%Change
Median Price $476,000
$443,000
-7%
Properties Sold
1
Sales Volume $476,000
Average Sale Price
$476,000
Properties For Sale 21
Average Days on Market
28
Months Supply of Inventory 21.00
Average List Price
$899,500
3
200%
$1,668,000
250%
$556,000
17%
13
-38%
35
25%
4.33
-79%
$513,800
-43%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Pacific Palisades
Feb. 2014
Median Price $2,810,000
Properties Sold
19
Sales Volume $64,102,836
Average Sale Price
$3,373,833
Properties For Sale 93
Average Days on Market
54
Months Supply of Inventory 4.89
Average List Price
$3,680,000
Feb. 2015 $2,912,000
4%
18
-5%
$54,007,438
-16%
$3,000,413
-11%
85
-9%
81
50%
4.72
-3%
$4,060,543
10%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Playa Vista
Feb. 2014
Median Price $1,134,995
Properties Sold
1
Sales Volume $1,134,995
Average Sale Price
$1,134,995
Properties For Sale 4
Average Days on Market
33
Months Supply of Inventory 4.00
Average List Price
$1,250,000
Feb. 2015 $1,682,450
48%
2
100%
$3,364,900
196%
$1,682,450
48%
4
0%
20
-39%
2.00
-50%
$2,072,500
66%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Santa Monica
Feb. 2014
Median Price $1,896,000
Properties Sold
13
Sales Volume $29,968,000
Average Sale Price
$2,305,231
Properties For Sale 49
Average Days on Market
79
Months Supply of Inventory 3.77
Average List Price
$3,229,217
Feb. 2015 $3,149,399
66%
10
-23%
$31,399,797
5%
$3,139,980
36%
50
2%
53
-33%
5.00
33%
$3,221,494
0%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Silverlake - Echo Park
Feb. 2014
Feb. 2015
%Change
Median Price $530,000
$780,000
47%
1
0%
$780,000
47%
$780,000
47%
10
150%
50
317%
10.00
150%
$695,000
10%
Properties Sold
1
Sales Volume $530,000
Average Sale Price
$530,000
Properties For Sale 4
Average Days on Market
12
Months Supply of Inventory 4.00
Average List Price
$629,000
*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
Feb. 2014
Median Price n/a
Properties Sold
n/a
Sales Volume $0
Average Sale Price
n/a
Properties For Sale 2
Average Days on Market
Feb. 2015 $1,685,000 1 $1,685,000 $1,685,000 2
n/a
107
Months Supply of Inventory n/a
2.00
Average List Price
$1,450,000
n/a
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
0%
Venice
Feb. 2014
Median Price $1,462,500
Properties Sold
8
Sales Volume $14,135,000
Average Sale Price
$1,766,875
Properties For Sale 54
Average Days on Market
86
Months Supply of Inventory 6.75
Average List Price
$1,751,036
Feb. 2015 $1,750,000
20%
8
0%
$14,277,000
1%
$1,784,625
1%
55
2%
53
-38%
6.88
2%
$2,017,281
15%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
West Hollywood
Feb. 2014
Median Price $1,000,000
Properties Sold
1
Sales Volume $1,000,000
Average Sale Price
$1,000,000
Properties For Sale 22
Average Days on Market
105
Months Supply of Inventory 22.00
Average List Price
$1,484,613
Feb. 2015 $1,360,000
36%
7
600%
$11,498,375
1050%
$1,642,625
64%
22
0%
95
-10%
3.14
-86%
$1,526,690
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
3%
West Los Angeles
Feb. 2014
Median Price n/a
Properties Sold
n/a
Sales Volume $0
Average Sale Price
n/a
Properties For Sale 4
Average Days on Market
n/a
Months Supply of Inventory n/a
Average List Price
$534,000
Feb. 2015 $600,000 1 $600,000 $600,000 7
75%
84 7.00 $683,780
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
28%
Westwood - Century City
Feb. 2014
Median Price $1,555,000
Properties Sold
1
Sales Volume $1,555,000
Average Sale Price
$1,555,000
Properties For Sale n/a
Average Days on Market
53
Months Supply of Inventory n/a
Average List Price
n/a
Feb. 2015 $61,050 1
-96% 0%
$61,050
-96%
$61,050
-96%
n/a 7 n/a n/a
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
-87%
RODEO REALTY MARKETING DEPARTMENT