Local Market Report January 2016
Los Angeles - Westside At Rodeo Realty, we believe education is the key to helping clients make the best possible Janisions 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
Jan 2015
Median Price $2,385,000
Properties Sold
17
Sales Volume $67,252,500
Average Sale Price
$3,956,029
Properties For Sale 83
Average Days on Market
120
Months Supply of Inventory 5
Average List Price
$7,742,000
Jan 2016 $2,300,000
-4%
9
-47%
$38,774,908
-42%
$4,308,323
9%
75
-10%
173
44%
8
60%
$7,752,258
0%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Beverly Center - Miracle Mile
Jan 2015
Jan 2016
%Change
Median Price $995,000
$995,000
0%
19
27%
$24,499,000
56%
$1,289,421
23%
62
-18%
65
-30%
3
-40%
$1,706,403
40%
Properties Sold
15
Sales Volume $15,720,500
Average Sale Price
$1,048,033
Properties For Sale 76
Average Days on Market
93
Months Supply of Inventory 5
Average List Price
$1,215,104
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverly Hills
Jan 2015
Median Price $3,083,750
Properties Sold
24
Sales Volume $126,618,525
Average Sale Price
$5,275,772
Properties For Sale 218
Average Days on Market
129
Months Supply of Inventory 9
Average List Price
$4,601,337
Jan 2016 $2,650,000
-14%
31
29%
$130,567,476
3%
$4,211,854
-20%
191
-12%
97
-25%
6
-33%
$5,572,314
21%
*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.
Jan 2015
Median Price $2,950,000
Jan 2016
%Change
$3,395,000
15%
9
80%
$48,452,026
254%
$5,383,558
97%
96
-7%
86
95
10%
Months Supply of Inventory 21
11
-48%
$5,527,892
10%
Properties Sold
5
Sales Volume $13,689,500
Average Sale Price
$2,737,900
Properties For Sale 103
Average Days on Market
Average List Price
$5,032,958
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Beverlywood
Jan 2015
Median Price $913,500
Properties Sold
18
Sales Volume $16,575,500
Average Sale Price
$920,861
Properties For Sale 46
Average Days on Market
52
Months Supply of Inventory 3
Average List Price
$973,964
Jan 2016 $1,037,500
14%
16
-11%
$18,505,690
12%
$1,156,606
26%
51
11%
70
35%
3
0%
$1,329,817
37%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Brentwood
Jan 2015
Median Price $800,000
Properties Sold
27
Sales Volume $40,751,000
Average Sale Price
$1,509,296
Properties For Sale 109
Average Days on Market
69
Months Supply of Inventory 4
Average List Price
$2,666,912
Jan 2016 $1,350,000
69%
35
30%
$57,773,924
42%
$1,650,684
9%
135
24%
85
23%
4
0%
$2,817,710
6%
*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
Jan 2015
Median Price $1,300,000
Properties Sold
8
Sales Volume $10,061,500
Average Sale Price
$1,257,688
Properties For Sale 18
Average Days on Market
59
Months Supply of Inventory 2
Average List Price
$2,116,333
Jan 2016 $1,502,833
16%
7
-13%
$14,501,033
44%
$2,071,576
65%
25
39%
112
90%
4
100%
$2,581,923
22%
*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
Jan 2015
Jan 2016
%Change
Median Price $505,000
$792,000
57%
30
-12%
$23,300,500
11%
$776,683
26%
47
-35%
225
369%
Properties Sold
34
Sales Volume $20,943,000
Average Sale Price
$615,971
Properties For Sale 72
Average Days on Market
48
Months Supply of Inventory 2
Average List Price
$754,016
2
0%
$895,510
19%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hancock Park
Jan 2015
Jan 2016
%Change
Median Price $877,500
$950,000
8%
Properties Sold
36
Sales Volume $55,895,078
Average Sale Price
$1,552,641
Properties For Sale 128
Average Days on Market
76
Months Supply of Inventory 4
Average List Price
$1,115,490
25
-31%
$35,153,375
-37%
$1,406,135
-9%
134
5%
92
21%
5
25%
$1,711,359
53%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hollywood
Jan 2015
Median Price $1,300,000
Properties Sold
11
Sales Volume $12,310,000
Average Sale Price
$1,119,091
Properties For Sale 69
Average Days on Market
80
Months Supply of Inventory 6
Average List Price
$994,655
Jan 2016
%Change
$718,883
-45%
10
-9%
$9,225,765
-25%
$922,577
-18%
69
0%
57
-29%
7
17%
$770,001
-23%
*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
Jan 2015
Median Price $981,000
Properties Sold
12
Sales Volume $11,262,095
Average Sale Price
$938,508
Properties For Sale 52
Average Days on Market
88
Months Supply of Inventory 4
Average List Price
$1,178,452
Jan 2016 $1,070,000
9%
14
17%
$19,857,195
76%
$1,418,371
51%
55
6%
92
5%
4
0%
$1,194,261
1%
*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
Jan 2015 Median Price $1,487,500
Jan 2016 $1,175,000
-21%
Properties Sold 20 Sales Volume $29,538,000
17
-15%
$21,152,000
-28%
$1,244,235
-16%
Average Sale Price
$1,476,900
Properties For Sale 55
Average Days on Market
67
Months Supply of Inventory 3
Average List Price
$1,366,613
56
2%
54
-19%
3
0%
$2,288,503
67%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Malibu
Jan 2015
Median Price $1,820,000
Properties Sold
13
Sales Volume $30,836,000
Average Sale Price
$2,372,000
Properties For Sale 182
Average Days on Market
155
Months Supply of Inventory 14
Average List Price
$3,104,213
Jan 2016 $2,500,000
37%
11
-15%
$28,494,000
-8%
$2,590,364
9%
158
-13%
122
-21%
14
0%
$5,213,710
68%
*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
Jan 2015
Median Price $4,725,000
Properties Sold
2
Sales Volume $9,450,000
Average Sale Price
$4,725,000
Properties For Sale 62
Average Days on Market
117
Months Supply of Inventory 31
Average List Price
$6,215,857
Jan 2016 $10,000,000
112%
5
150%
$43,650,000
362%
$8,730,000
85%
63
2%
136
16%
13
-58%
$6,435,538
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
4%
Marina del Rey
Jan 2015
Jan 2016
%Change
Median Price $828,500
$949,000
15%
18
-5%
$21,953,000
1%
$1,219,611
7%
Properties Sold
19
Sales Volume $21,685,500
Average Sale Price
$1,141,342
Properties For Sale 97
Average Days on Market
63
Months Supply of Inventory 5
Average List Price
$1,093,831
82
-15%
96
52%
5
0%
$1,338,029
22%
*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
Jan 2015
Jan 2016
%Change
Median Price $482,500
$495,000
3%
38
36%
$21,779,994
62%
$573,158
20%
103
-3%
57
-24%
3
-25%
$646,889
18%
Properties Sold
28
Sales Volume $13,409,562
Average Sale Price
$478,913
Properties For Sale 106
Average Days on Market
75
Months Supply of Inventory 4
Average List Price
$548,915
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Mid Wilshire
Jan 2015
Jan 2016
%Change
Median Price $498,000
$455,000
-9%
11
-42%
$5,946,000
-42%
Properties Sold
19
Sales Volume $10,214,500
Average Sale Price
$537,605
Properties For Sale 65
Average Days on Market
90
Months Supply of Inventory 3
Average List Price
$612,329
$540,545
1%
63
-3%
157
74%
6
100%
$693,508
13%
*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 $1,775,000
Properties Sold
17
Sales Volume $35,194,811
Average Sale Price
$2,070,283
Properties For Sale 92
Average Days on Market
70
Months Supply of Inventory 5
Average List Price
$3,689,510
June 2016
%Change
$2,471,515
39%
21
24%
$58,376,015
66%
$2,779,810
34%
121
32%
69
-1%
6
20%
$3,800,116
3%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Palms
Jan 2015
Jan 2016
%Change
Median Price $904,000
$990,000
10%
29
16%
$31,931,750
33%
$1,101,095
14%
57
-33%
43
-25%
2
-33%
$1,056,467
-12%
Properties Sold
25
Sales Volume $24,045,000
Average Sale Price
$961,800
Properties For Sale 85
Average Days on Market
57
Months Supply of Inventory 3
Average List Price
$1,201,768
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Playa Vista
Jan 2015
Median Price $752,500
Properties Sold
16
Sales Volume $14,791,534
Average Sale Price
$924,471
Properties For Sale 17
Average Days on Market
72
Months Supply of Inventory 1
Average List Price
$1,055,889
Jan 2016 $1,457,500
94%
4
-75%
$6,084,000
-59%
$1,521,000
65%
29
71%
29
-60%
7
600%
$1,050,500
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
-1%
Santa Monica
Jan 2015
Median Price $1,272,000
Properties Sold
48
Sales Volume $70,035,390
Average Sale Price
$1,459,071
Properties For Sale 134
Average Days on Market
78
Months Supply of Inventory 3
Average List Price
$1,920,151
Jan 2016 $1,000,000
-21%
43
-10%
$63,410,890
-9%
$1,474,672
1%
136
1%
56
-28%
3
0%
$2,741,256
43%
*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
Jan 2015
Jan 2016
%Change
Median Price $725,000
$977,500
35%
22
-4%
$22,638,481
23%
$1,029,022
29%
77
-13%
87
81%
4
0%
$946,803
23%
Properties Sold
23
Sales Volume $18,415,967
Average Sale Price
$800,694
Properties For Sale 89
Average Days on Market
48
Months Supply of Inventory 4
Average List Price
$767,692
*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
Jan 2015
Median Price $1,413,000
Properties Sold
40
Sales Volume $125,318,092
Average Sale Price
$3,132,952
Properties For Sale 231
Average Days on Market
78
Months Supply of Inventory 6
Average List Price
$3,637,054
Jan 2016 $1,500,000
6%
31
-23%
$100,904,555
-19%
$3,254,986
4%
216
-6%
93
19%
7
17%
$3,106,159
-15%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Venice
Jan 2015
Median Price $1,270,000
Properties Sold
17
Sales Volume $24,596,983
Average Sale Price
$1,446,881
Properties For Sale 68
Average Days on Market
72
Months Supply of Inventory 4
Average List Price
$2,242,841
Jan 2016 $2,022,439
59%
14
-18%
$28,588,878
16%
$2,042,063
41%
72
6%
78
8%
5
25%
$1,967,178
-12%
*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
Jan 2015
Jan 2016
%Change
Median Price $763,000
$800,000
5%
34
21%
$30,344,250
-4%
$892,478
-21%
120
-18%
68
-11%
4
-20%
$1,235,511
12%
Properties Sold
28
Sales Volume $31,518,500
Average Sale Price
$1,125,661
Properties For Sale 147
Average Days on Market
76
Months Supply of Inventory 5
Average List Price
$1,102,465
*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
Jan 2015
Jan 2016
%Change
Median Price $730,000
$690,000
-5%
25
-7%
$19,028,629
-12%
$761,145
-5%
39
-17%
47
-33%
2
0%
$957,750
53%
Properties Sold
27
Sales Volume $21,582,610
Average Sale Price
$799,356
Properties For Sale 47
Average Days on Market
70
Months Supply of Inventory 2
Average List Price
$626,529
*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
Jan 2015
Jan 2016
%Change
Median Price $837,500
$945,000
13%
47
2%
$60,380,888
13%
$1,284,700
11%
190
-20%
90
5%
4
-20%
$1,844,970
38%
Properties Sold
46
Sales Volume $53,406,168
Average Sale Price
$1,161,004
Properties For Sale 237
Average Days on Market
86
Months Supply of Inventory 5
Average List Price
$1,333,468
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
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