Local Market Report February 2016
Los Angeles - Westside At Rodeo Realty, we believe education is the key to helping clients make the best possible Febisions 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
Feb 2015
Median Price $1,847,500
Properties Sold
12
Sales Volume $36,802,500
Average Sale Price
$3,066,875
Properties For Sale 82
Average Days on Market
99
Months Supply of Inventory 7
Average List Price
$5,950,650
Feb 2016 $2,152,000
16%
7
-42%
$26,007,761
-29%
$3,715,394
21%
85
4%
75
-24%
12
71%
$5,221,330
-12%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Beverly Center - Miracle Mile
Feb 2015
Median Price $1,277,000
Properties Sold
18
Sales Volume $21,680,399
Average Sale Price
$1,204,467
Properties For Sale 69
Average Days on Market
55
Months Supply of Inventory 4
Average List Price
$1,261,062
Feb 2016 $1,376,000
8%
19
6%
$29,367,000
35%
$1,545,632
28%
82
19%
65
18%
4
0%
$1,782,359
41%
*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 2015
Median Price $1,779,000
Properties Sold
26
Sales Volume $101,117,148
Average Sale Price
$3,889,121
Properties For Sale 228
Average Days on Market
117
Months Supply of Inventory 9
Average List Price
$7,151,996
Feb 2016 $2,642,500
49%
28
8%
$103,553,200
2%
$3,698,329
-5%
221
-3%
66
-44%
8
-11%
$6,898,894
-4%
*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 P.O.
Feb 2015
Median Price $2,000,000
Properties Sold
9
Sales Volume $26,065,500
Average Sale Price
$2,896,167
Properties For Sale 111
Average Days on Market
154
Months Supply of Inventory 12
Average List Price
$6,233,820
Feb 2016 $2,785,000
39%
7
-22%
$19,564,500
-25%
$2,794,929
-3%
97
-13%
80
-48%
14
17%
$6,214,308
0%
*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 2015
Median Price $782,500
Properties Sold
16
Sales Volume $13,520,000
Average Sale Price
$845,000
Properties For Sale 54
Average Days on Market
70
Months Supply of Inventory 3
Average List Price
$1,088,370
Feb 2016 $1,150,000
47%
17
6%
$19,490,434
44%
$1,146,496
36%
52
-4%
53
-24%
3
0%
$1,183,930
9%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Brentwood
Feb 2015
Median Price $1,412,000
Properties Sold
24
Sales Volume $51,538,900
Average Sale Price
$2,147,454
Properties For Sale 119
Average Days on Market
58
Months Supply of Inventory 5
Average List Price
$2,491,528
Feb 2016 $1,300,000
-8%
33
38%
$57,645,000
12%
$1,746,818
-19%
142
19%
78
34%
4
-20%
$3,746,750
50%
*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 2015
Median Price $1,856,500
Properties Sold
8
Sales Volume $15,573,000
Average Sale Price
$1,946,625
Properties For Sale 15
Average Days on Market
103
Months Supply of Inventory 2
Average List Price
$1,906,000
Feb 2016 $1,720,000
-7%
4
-50%
$7,644,500
-51%
$1,911,125
-2%
23
53%
106
3%
6
200%
$2,198,875
15%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Culver City
Feb 2015
Feb 2016
%Change
Median Price $692,000
$730,000
5%
Properties Sold
25
Sales Volume $17,348,500
Average Sale Price
$693,940
Properties For Sale 78
Average Days on Market
61
Months Supply of Inventory 3
Average List Price
$702,632
21
-16%
$16,009,500
-8%
$762,357
10%
52
-33%
59
-3%
2
-33%
$875,803
25%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hancock Park
Feb 2015
Feb 2016
%Change
Median Price $889,000
$812,500
-9%
30
-14%
$33,932,625
-4%
$1,131,088
12%
155
3%
68
11%
5
25%
$1,091,519
-3%
Properties Sold
35
Sales Volume $35,365,815
Average Sale Price
$1,010,452
Properties For Sale 150
Average Days on Market
61
Months Supply of Inventory 4
Average List Price
$1,127,664
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hollywood
Feb 2015
Feb 2016
%Change
Median Price $637,500
$675,000
6%
Properties Sold
10
Sales Volume $8,633,750
Average Sale Price
$863,375
Properties For Sale 59
Average Days on Market
84
Months Supply of Inventory 6
Average List Price
$764,363
22
120%
$17,294,900
100%
$786,132
-9%
64
8%
75
-11%
3
-50%
$815,655
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
7%
Hollywood Hills East
Feb 2015
Median Price $893,000
Properties Sold
10
Sales Volume $10,760,001
Average Sale Price
$1,076,000
Properties For Sale 49
Average Days on Market
101
Months Supply of Inventory 5
Average List Price
$1,529,490
Feb 2016 $1,090,000
22%
11
10%
$12,116,990
13%
$1,101,545
2%
56
14%
63
-38%
5
0%
$1,498,949
-2%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Los Feliz
Feb 2015 Median Price $1,010,000
Feb 2016 $1,592,500
58%
Properties Sold 19 Sales Volume $24,798,500
20
5%
$42,766,300
72%
$2,138,315
64%
63
-9%
117
77%
3
-25%
$2,080,417
24%
Average Sale Price
$1,305,184
Properties For Sale 69
Average Days on Market
66
Months Supply of Inventory 4
Average List Price
$1,681,435
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Malibu
Feb 2015
Median Price $1,426,000
Properties Sold
13
Sales Volume $30,335,125
Average Sale Price
$2,333,471
Properties For Sale 193
Average Days on Market
176
Months Supply of Inventory 15
Average List Price
$3,156,571
Feb 2016 $1,717,500
20%
14
8%
$31,560,000
4%
$2,254,286
-3%
176
-9%
98
-44%
13
-13%
$3,646,070
16%
*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 2015
Median Price $4,877,500
Properties Sold
2
Sales Volume $9,755,000
Average Sale Price
$4,877,500
Properties For Sale 67
Average Days on Market
150
Months Supply of Inventory 34
Average List Price
$6,371,167
Feb 2016 $6,256,000
28%
4
100%
$23,192,000
138%
$5,798,000
19%
70
4%
196
31%
18
-47%
$9,820,250
54%
*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 2015
Median Price $1,400,000
Properties Sold
15
Sales Volume $24,455,156
Average Sale Price
$1,630,344
Properties For Sale 111
Average Days on Market
66
Months Supply of Inventory 7
Average List Price
$1,116,651
Feb 2016
%Change
$814,500
-42%
28
87%
$25,169,625
3%
$898,915
-45%
86
-23%
104
58%
3
-57%
$1,186,751
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
6%
Mid Los Angeles
Feb 2015
Feb 2016
%Change
Median Price $423,000
$590,000
39%
31
15%
$19,719,000
49%
$636,097
30%
113
-6%
41
-35%
4
0%
$775,511
13%
Properties Sold
27
Sales Volume $13,251,828
Average Sale Price
$490,808
Properties For Sale 120
Average Days on Market
63
Months Supply of Inventory 4
Average List Price
$683,306
*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 2015
Feb 2016
%Change
Median Price $395,000
$635,000
61%
11
-31%
$7,960,000
14%
$723,636
66%
74
17%
57
16%
7
75%
$561,145
5%
Properties Sold
16
Sales Volume $6,980,500
Average Sale Price
$436,281
Properties For Sale 63
Average Days on Market
49
Months Supply of Inventory 4
Average List Price
$533,292
*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 2015
Median Price $2,658,250
Properties Sold
22
Sales Volume $58,072,438
Average Sale Price
$2,639,656
Properties For Sale 104
Average Days on Market
84
Months Supply of Inventory 5
Average List Price
$3,647,318
June 2016
%Change
$2,462,500
-7%
21
-5%
$59,142,000
2%
$2,816,286
7%
129
24%
60
-29%
6
20%
$3,590,909
-2%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Palms
Feb 2015
Median Price $900,000
Properties Sold
25
Sales Volume $26,979,125
Average Sale Price
$1,079,165
Properties For Sale 87
Average Days on Market
53
Months Supply of Inventory 3
Average List Price
$1,196,428
Feb 2016 $1,284,000
43%
19
-24%
$25,851,500
-4%
$1,360,605
26%
68
-22%
64
21%
4
33%
$1,271,564
6%
*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 2015
Feb 2016
%Change
Median Price $935,000
$860,000
-8%
9
-18%
$8,499,863
-26%
$944,429
-10%
21
-5%
61
45%
2
0%
$1,094,544
12%
Properties Sold
11
Sales Volume $11,560,584
Average Sale Price
$1,050,962
Properties For Sale 22
Average Days on Market
42
Months Supply of Inventory 2
Average List Price
$981,315
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Santa Monica
Feb 2015
Median Price $997,500
Properties Sold
40
Sales Volume $60,045,204
Average Sale Price
$1,501,130
Properties For Sale 159
Average Days on Market
59
Months Supply of Inventory 4
Average List Price
$2,001,228
Feb 2016 $1,550,000
55%
39
-3%
$87,212,499
45%
$2,236,218
49%
153
-4%
47
-20%
4
0%
$2,834,242
42%
*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 2015
Feb 2016
%Change
Median Price $780,000
$885,000
13%
32
28%
$30,350,125
55%
$948,441
21%
88
7%
56
-11%
3
0%
$942,830
6%
Properties Sold
25
Sales Volume $19,598,267
Average Sale Price
$783,931
Properties For Sale 82
Average Days on Market
63
Months Supply of Inventory 3
Average List Price
$892,800
*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 2015
Median Price $1,443,000
Properties Sold
40
Sales Volume $66,379,736
Average Sale Price
$1,659,493
Properties For Sale 262
Average Days on Market
63
Months Supply of Inventory 7
Average List Price
$3,117,752
Feb 2016 $1,695,000
17%
31
-23%
$66,463,500
0%
$2,143,984
29%
245
-6%
71
13%
8
14%
$3,398,969
9%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Venice
Feb 2015
Median Price $1,469,000
Properties Sold
13
Sales Volume $21,131,000
Average Sale Price
$1,625,462
Properties For Sale 72
Average Days on Market
51
Months Supply of Inventory 6
Average List Price
$1,891,371
Feb 2016 $1,725,000
17%
18
38%
$33,677,600
59%
$1,870,978
15%
90
25%
58
14%
5
-17%
$2,150,095
14%
*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 2015
Feb 2016
%Change
Median Price $752,500
$912,500
21%
32
-36%
$38,725,154
-21%
$1,210,161
23%
134
-10%
66
-11%
4
33%
$904,276
-25%
Properties Sold
50
Sales Volume $49,109,175
Average Sale Price
$982,184
Properties For Sale 149
Average Days on Market
74
Months Supply of Inventory 3
Average List Price
$1,203,636
*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
Feb 2015
Feb 2016
%Change
Median Price $630,000
$837,000
33%
18
-14%
Properties Sold
21
Sales Volume $13,914,000
Average Sale Price
$662,571
Properties For Sale 70
Average Days on Market
77
Months Supply of Inventory 3
Average List Price
$833,190
$15,220,000
9%
$845,556
28%
52
-26%
55
-29%
3
0%
$965,921
16%
*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
Feb 2015
Median Price $1,134,000
Properties Sold
38
Sales Volume $51,159,999
Average Sale Price
$1,346,316
Properties For Sale 232
Average Days on Market
79
Months Supply of Inventory 6
Average List Price
$1,327,687
Feb 2016 $1,062,000
-6%
39
3%
$66,757,765
30%
$1,711,738
27%
238
3%
72
-9%
6
0%
$1,465,422
10%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
RODEO REALTY MARKETING DEPARTMENT