Local Market Report January 2017
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
Jan 2016
Jan 2017
%Change
Median Price $695,000
$980,000
41%
13
-24%
$21,861,700
-44%
$1,681,669
-26%
190
10%
47
-56%
15
50%
$8,887,272
72%
Properties Sold
17
Sales Volume $38,840,903
Average Sale Price
$2,284,759
Properties For Sale 172
Average Days on Market
106
Months Supply of Inventory 10
Average List Price
$5,152,254
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverly Center - Miracle Mile
Jan 2016
Median Price $6,375
Properties Sold
56
Sales Volume $31,633,245
Average Sale Price
$564,879
Properties For Sale 56
Average Days on Market
58
Months Supply of Inventory 4
Average List Price
$885,268
Jan 2017 $6,250
-2%
49
-13%
$34,647,481
10%
$707,091
25%
49
-13%
64
10%
5
25%
$844,522
-5%
*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
Jan 2016
Median Price $850,000
Properties Sold
57
Sales Volume $130,491,261
Average Sale Price
$2,289,320
Properties For Sale 432
Average Days on Market
81
Months Supply of Inventory 8
Average List Price
$3,032,740
Jan 2017
%Change
$17,125
-98%
66
16%
$130,253,275
0%
$1,973,534
-14%
508
18%
68
-16%
8
0%
$3,136,158
3%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Beverly Hills P.O.
Jan 2016
Median Price $1,990,026
Properties Sold
13
Sales Volume $46,531,426
Average Sale Price
$3,579,340
Properties For Sale 167
Average Days on Market
87
Months Supply of Inventory 13
Average List Price
$3,650,709
Jan 2017 $1,250,000 13
-37% 0%
$24,809,500
-47%
$1,908,423
-47%
180
8%
134
54%
14
8%
$4,496,891
23%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Beverlywood
Jan 2016
Jan 2017
%Change
Median Price $750,000
$899,000
20%
37
28%
$33,624,655
56%
$908,774
22%
87
-23%
40
-27%
2
-50%
$589,555
-27%
Properties Sold
29
Sales Volume $21,531,038
Average Sale Price
$742,450
Properties For Sale 113
Average Days on Market
55
Months Supply of Inventory 4
Average List Price
$813,049
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Brentwood
Jan 2016
Jan 2017
%Change
Median Price $885,000
$835,100
-6%
39
-35%
$74,527,880
20%
$1,910,971
84%
181
-17%
60
-15%
5
25%
$2,145,359
44%
Properties Sold
60
Sales Volume $62,166,909
Average Sale Price
$1,036,115
Properties For Sale 217
Average Days on Market
71
Months Supply of Inventory 4
Average List Price
$1,492,299
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Cheviot Hills - Rancho Park
Jan 2016
Median Price $844,200
Properties Sold
15
Sales Volume $15,846,383
Average Sale Price
$1,056,426
Properties For Sale 25
Average Days on Market
71
Months Supply of Inventory 2
Average List Price
$1,741,639
Jan 2017 $1,725,000
104%
9
-40%
$16,069,000
1%
$1,785,444
69%
33
32%
63
-11%
4
100%
$2,032,032
17%
*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 2016
Jan 2017
%Change
Median Price $490,000
$732,500
49%
77
-4%
$27,957,538
9%
$698,938
25%
77
-4%
46
-71%
2
0%
$791,443
6%
Properties Sold
80
Sales Volume $25,757,148
Average Sale Price
$559,938
Properties For Sale 80
Average Days on Market
161
Months Supply of Inventory 2
Average List Price
$744,140
*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 2016
Jan 2017
%Change
Median Price $427,000
$626,000
47%
50
-11%
$70,284,695
68%
$1,405,694
88%
215
-2%
50
-33%
4
0%
$1,080,498
-3%
Properties Sold
56
Sales Volume $41,773,919
Average Sale Price
$745,963
Properties For Sale 219
Average Days on Market
75
Months Supply of Inventory 4
Average List Price
$1,110,535
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hollywood
Jan 2016
Median Price $6,200
Properties Sold
41
Sales Volume $15,925,043
Average Sale Price
$388,416
Properties For Sale 198
Average Days on Market
55
Months Supply of Inventory 5
Average List Price
$631,793
Jan 2017
%Change
$496,000
7900%
35
-15%
$19,596,103
23%
$559,889
44%
237
20%
65
18%
7
40%
$661,993
5%
*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 2016
Jan 2017
%Change
Median Price $219,100
$365,000
67%
25
-11%
$17,663,065
-11%
$706,523
-1%
123
10%
61
-16%
5
25%
$900,866
20%
Properties Sold
28
Sales Volume $19,933,135
Average Sale Price
$711,898
Properties For Sale 112
Average Days on Market
73
Months Supply of Inventory 4
Average List Price
$751,211
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Los Feliz
Jan 2016 Median Price $1,230,000
Jan 2017
%Change
$742,500
-40%
Properties Sold 24 Sales Volume $30,800,500
24
Average Sale Price
$1,283,354
Properties For Sale 91
Average Days on Market
56
Months Supply of Inventory $1,797,687
$25,063,420
-19%
$1,044,309
-19%
108
19%
86
54%
$1,376,082
-23%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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0%
Malibu
Jan 2016
Median Price $27,000
Properties Sold
32
Sales Volume $38,471,900
Average Sale Price
$1,241,029
Properties For Sale 454
Average Days on Market
99
Months Supply of Inventory 14
Average List Price
$2,327,602
Jan 2017
%Change
$799,125
2860%
38
19%
$51,677,994
34%
$1,359,947
10%
351
-23%
121
22%
9
-36%
$2,433,541
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
5%
Malibu Beach
Jan 2016
Median Price $25,000
Properties Sold
194
Sales Volume $43,721,945
Average Sale Price
$3,643,495
Properties For Sale 194
Average Days on Market
239
Months Supply of Inventory 16
Average List Price
$2,640,864
Jan 2017 $5,600
-78%
192
-1%
$16,305,067
-63%
$1,630,507
-55%
192
-1%
92
-62%
19
19%
$6,788,263
157%
*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
Jan 2016
Median Price $5,000
Properties Sold
59
Sales Volume $28,345,094
Average Sale Price
$480,425
Properties For Sale 167
Average Days on Market
69
Months Supply of Inventory 3
Average List Price
$488,568
Jan 2017
%Change
$717,000
14240%
36
-39%
$31,148,576
10%
$865,238
80%
174
4%
74
7%
5
67%
$834,664
71%
*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 2016
Jan 2017
%Change
Median Price $536,500
$649,500
21%
70
-1%
$45,439,494
6%
$649,136
8%
Properties Sold
71
Sales Volume $42,773,209
Average Sale Price
$602,440
Properties For Sale 264
Average Days on Market
62
Months Supply of Inventory 4
Average List Price
$714,101
210
-20%
53
-15%
3
-25%
$809,936
13%
*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 2016
Jan 2017
%Change
Median Price $396,500
$349,650
-12%
31
19%
$13,589,407
6%
Properties Sold
26
Sales Volume $12,880,945
Average Sale Price
$495,421
Properties For Sale 152
Average Days on Market
85
Months Supply of Inventory 6
Average List Price
$655,308
$438,368
-12%
173
14%
36
-58%
6
0%
$572,306
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
-13%
Pacific Palisades
Jan 2016
Median Price $1,678,750
Properties Sold
30
Sales Volume $58,471,365
Average Sale Price
$1,949,046
Properties For Sale 179
Average Days on Market
61
Months Supply of Inventory 6
Average List Price
$2,489,782
Jan 2017 $2,082,500
24%
38
27%
$83,922,490
44%
$2,208,487
13%
140
-22%
67
10%
4
-33%
$2,559,467
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
3%
Palms
Jan 2016
Median Price $715,000
Properties Sold
41
Sales Volume $33,158,840
Average Sale Price
$808,752
Properties For Sale 91
Average Days on Market
43
Months Supply of Inventory 2
Average List Price
$1,107,053
Jan 2017 $1,018,000
42%
52
27%
$51,456,793
55%
$989,554
22%
93
2%
60
40%
2
0%
$881,876
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
-20%
Playa Vista
Jan 2016
Median Price $8,050
Properties Sold
10
Sales Volume $6,114,650
Average Sale Price
$611,465
Properties For Sale 43
Average Days on Market
37
Months Supply of Inventory 4
Average List Price
$645,030
Jan 2017 $6,000
-25%
20
100%
$11,637,330
90%
$581,867
-5%
50
16%
40
8%
3
-25%
$889,325
38%
*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
Jan 2016
Median Price $535,000
Properties Sold
91
Sales Volume $76,883,929
Average Sale Price
$844,878
Properties For Sale 378
Average Days on Market
57
Months Supply of Inventory 4
Average List Price
$1,054,465
Jan 2017 $9,500
-98%
103
13%
$81,756,373
6%
$793,751
-6%
374
-1%
47
-18%
4
0%
$983,753
-7%
*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 2016
Jan 2017
%Change
Median Price $700,638
$744,950
6%
52
-4%
$35,926,472
-8%
$690,894
-5%
205
3%
58
-16%
4
0%
$890,314
6%
Properties Sold
54
Sales Volume $39,195,668
Average Sale Price
$725,846
Properties For Sale 200
Average Days on Market
69
Months Supply of Inventory 4
Average List Price
$836,676
*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 2016
Median Price $26,500
Properties Sold
66
Sales Volume $105,384,409
Average Sale Price
$1,596,733
Properties For Sale 435
Average Days on Market
67
Months Supply of Inventory 7
Average List Price
$1,527,514
Jan 2017 $1,090,000 67
4013% 2%
$82,794,260
-21%
$1,235,735
-23%
477
10%
75
12%
7
0%
$2,010,263
32%
*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 2016
Median Price $8,750
Properties Sold
38
Sales Volume $36,482,533
Average Sale Price
$960,067
Properties For Sale 181
Average Days on Market
58
Months Supply of Inventory 5
Average List Price
$912,090
Jan 2017 $7,250
-17%
30
-21%
$18,698,112
-49%
$623,270
-35%
192
6%
58
0%
6
20%
$1,275,191
40%
*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 2016
Jan 2017
%Change
Median Price $467,500
$452,500
-3%
62
-21%
$32,738,403
-42%
$528,039
-27%
290
17%
45
-27%
5
67%
$729,910
-6%
Properties Sold
78
Sales Volume $56,347,346
Average Sale Price
$722,402
Properties For Sale 248
Average Days on Market
62
Months Supply of Inventory 3
Average List Price
$773,426
*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 2016
Jan 2017
%Change
Median Price $612,000
$517,050
-16%
48
17%
$25,758,408
7%
$536,634
-8%
81
0%
46
2%
2
0%
$638,891
-7%
Properties Sold
41
Sales Volume $24,037,314
Average Sale Price
$586,276
Properties For Sale 81
Average Days on Market
45
Months Supply of Inventory 2
Average List Price
$685,174
*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 2016
Jan 2017
%Change
Median Price $667,000
$470,000
-30%
83
-5%
$61,456,480
-5%
$740,440
0%
376
4%
52
-39%
5
25%
$741,159
-28%
Properties Sold
87
Sales Volume $64,443,986
Average Sale Price
$740,735
Properties For Sale 361
Average Days on Market
85
Months Supply of Inventory 4
Average List Price
$1,036,070
*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