Local Market Report June 2016
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
April 2015
Median Price $2,418,750
Properties Sold
20
Sales Volume $99,301,350
Average Sale Price
$4,965,068
Properties For Sale 114
Average Days on Market
70
Months Supply of Inventory 6
Average List Price
$5,177,335
April 2016
%Change
$2,724,650
13%
15
-25%
$90,397,850
-9%
$6,026,523
21%
127
11%
140
100%
8
33%
$4,812,154
-7%
*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
April 2015
Median Price $1,363,750
Properties Sold
24
Sales Volume $37,181,490
Average Sale Price
$1,549,229
Properties For Sale 79
Average Days on Market
27
Months Supply of Inventory 3
Average List Price
$1,492,396
April 2016
%Change
$982,500
-28%
34
42%
$46,934,344
26%
$1,380,422
-11%
99
25%
50
85%
3
0%
$1,516,504
2%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverly Hills
April 2015
Median Price $2,100,000
Properties Sold
38
Sales Volume $158,652,443
Average Sale Price
$4,175,064
Properties For Sale 111
Average Days on Market
66
Months Supply of Inventory 3
Average List Price
$3,915,453
April 2016
%Change
$3,650,000
74%
25
-34%
$121,638,000
-23%
$4,865,520
17%
142
28%
85
29%
6
100%
$5,701,243
46%
*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.
April 2015
Median Price $4,299,000
Properties Sold
19
Sales Volume $78,450,833
Average Sale Price
$4,128,991
Properties For Sale 109
Average Days on Market
112
Months Supply of Inventory 6
Average List Price
$5,448,319
April 2016
%Change
$3,895,000
-9%
14
-26%
$39,571,950
-50%
$2,826,568
-32%
142
30%
72
-36%
10
67%
$7,552,378
39%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Beverlywood
April 2015
Median Price $3,695,000
Properties Sold
19
Sales Volume $78,450,833
Average Sale Price
$4,128,991
Properties For Sale 109
Average Days on Market
112
Months Supply of Inventory 6
Average List Price
$5,448,319
April 2016
%Change
$2,307,500
-38%
14
-26%
$39,571,950
-50%
$2,826,568
-32%
142
30%
72
-36%
10
67%
$7,552,378
39%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Brentwood
April 2015
Median Price $967,500
Properties Sold
54
Sales Volume $97,692,207
Average Sale Price
$1,809,115
Properties For Sale 175
Average Days on Market
49
Months Supply of Inventory 3
Average List Price
$2,777,011
April 2016
%Change
$1,995,000
106%
41
-24%
$94,301,874
-3%
$2,300,046
27%
163
-7%
47
-4%
4
33%
$2,444,597
-12%
*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
April 2015
Median Price $1,849,000
Properties Sold
8
Sales Volume $15,909,000
Average Sale Price
$1,988,625
Properties For Sale 15
Average Days on Market
39
Months Supply of Inventory 2
Average List Price
$2,538,667
April 2016
%Change
$1,475,000
-20%
7
-13%
$10,362,500
-35%
$1,480,357
-26%
29
93%
62
59%
4
100%
$2,569,000
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
1%
Culver City
April 2015
Median Price $525,000
Properties Sold
45
Sales Volume $30,322,000
Average Sale Price
$673,822
Properties For Sale 82
Average Days on Market
39
Months Supply of Inventory 2
Average List Price
$818,494
April 2016
%Change
$840,000
26%
49
4%
$45,064,000
19%
$919,673
36%
79
-4%
31
-21%
2
0%
$913,633
12%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hancock Park
April 2015
Median Price $911,250
Properties Sold
40
Sales Volume $59,876,355
Average Sale Price
$1,496,909
Properties For Sale 166
Average Days on Market
65
Months Supply of Inventory 4
Average List Price
$1,473,772
April 2016
%Change
$1,015,000
11%
49
23%
$60,198,650
1%
$1,228,544
-18%
179
8%
65
0%
4
0%
$1,761,425
20%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hollywood
April 2015
Median Price $645,000
Properties Sold
27
Sales Volume $21,091,843
Average Sale Price
$781,179
Properties For Sale 69
Average Days on Market
44
Months Supply of Inventory 3
Average List Price
$899,353
April 2016
%Change
$710,000
10%
21
-22%
$16,600,088
-21%
$790,480 62
-10%
66
50%
3
0%
$792,848
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
1%
-12%
Hollywood Hills East
April 2015
Median Price $1,140,000
Properties Sold
19
Sales Volume $22,026,500
Average Sale Price
$1,159,289
Properties For Sale 87
Average Days on Market
58
Months Supply of Inventory 5
Average List Price
$2,641,815
April 2016
%Change
$990,000
-13%
21
11%
$25,420,340
15%
$1,210,492
4%
62
-29%
72
24%
3
-40%
$1,191,979
-55%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Los Feliz
April 2015 Median Price $1,335,000
April 2016
%Change
$1,345,000
1%
Properties Sold 24 Sales Volume $43,227,200
27
13%
$38,195,055
-12%
$1,414,632
-21%
Average Sale Price
$1,801,133
Properties For Sale 82
Average Days on Market
54
Months Supply of Inventory 3
Average List Price
$1,653,294
82
0%
48
-11%
3
0%
$1,597,529
-3%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Malibu
April 2015
Median Price $1,987,500
Properties Sold
28
Sales Volume $79,217,245
Average Sale Price
$2,829,187
Properties For Sale 215
Average Days on Market
133
Months Supply of Inventory 8
Average List Price
$4,055,185
April 2016
%Change
$2,776,075
40%
16
-43%
$43,162,150
-46%
$2,697,634
-5%
201
-7%
103
-23%
13
63%
$3,842,764
-5%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Malibu Beach
April 2015
Median Price $3,249,048
Properties Sold
11
Sales Volume $47,099,500
Average Sale Price
$4,281,773
Properties For Sale 90
Average Days on Market
169
Months Supply of Inventory 8
Average List Price
$6,496,300
April 2016
%Change
$3,097,512
-5%
10
-9%
$49,625,722
5%
$4,962,572
16%
99
10%
163
-4%
10
25%
$5,968,849
-8%
*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
April 2015
Median Price $785,000
Properties Sold
29
Sales Volume $28,417,559
Average Sale Price
$979,916
Properties For Sale 123
Average Days on Market
79
Months Supply of Inventory 4
Average List Price
$1,371,535
April 2016
%Change
$895,000
14%
39
34%
$41,006,110
44%
$1,051,439
7%
126
2%
54
-32%
3
-25%
$1,167,744
-15%
*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
April 2015
Median Price $575,000
Properties Sold
39
Sales Volume $22,372,066
Average Sale Price
$573,643
Properties For Sale 107
Average Days on Market
59
Months Supply of Inventory 3
Average List Price
$640,753
April 2016
%Change
$541,500
-6%
48
23%
$26,705,575
19%
$556,366
-3%
103
-4%
56
-5%
2
-33%
$676,135
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
6%
Mid Wilshire
April 2015
Median Price $499,000
Properties Sold
23
Sales Volume $13,215,000
Average Sale Price
$574,565
Properties For Sale 80
Average Days on Market
55
Months Supply of Inventory 3
Average List Price
$582,297
April 2016
%Change
$579,000
16%
27
17%
$15,318,800
16%
$567,363
-1%
72
-10%
58
5%
3
0%
$716,215
23%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Pacific Palisades
April 2015
Median Price $2,250,000
Properties Sold
35
Sales Volume $99,483,000
Average Sale Price
$2,842,371
Properties For Sale 127
Average Days on Market
49
Months Supply of Inventory 4
Average List Price
$3,559,690
April 2016
%Change
$2,175,000
-3%
45
29%
$115,432,042
16%
$2,565,156
-10%
162
28%
61
24%
4
0%
$4,283,015
20%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Palms
April 2015
Median Price $981,100
Properties Sold
50
Sales Volume $50,912,851
Average Sale Price
$1,018,257
Properties For Sale 84
Average Days on Market
45
Months Supply of Inventory 2
Average List Price
$1,120,238
April 2016
%Change
$1,023,000
4%
46
-8%
$53,779,888
6%
$1,169,128
15%
94
12%
46
2%
2
0%
$1,188,985
6%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Playa Vista
April 2015
Median Price $736,500
Properties Sold
14
Sales Volume $11,900,500
Average Sale Price
$850,036
Properties For Sale 14
Average Days on Market
33
Months Supply of Inventory 1
Average List Price
$1,468,300
April 2016
%Change
$945,000
28%
10
-29%
$10,966,000
-8%
$1,096,600
29%
26
86%
39
18%
3
200%
$1,385,000
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
-6%
Santa Monica
April 2015
Median Price $1,169,000
Properties Sold
88
Sales Volume $134,732,609
Average Sale Price
$1,531,052
Properties For Sale 193
Average Days on Market
42
Months Supply of Inventory 2
Average List Price
$2,341,420
April 2016
%Change
$1,411,500
21%
60
-32%
$105,009,511
-22%
$1,750,159
14%
176
-9%
52
24%
3
50%
$1,882,114
-20%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Silverlake - Echo Park
April 2015
Median Price $680,000
Properties Sold
25
Sales Volume $19,945,616
Average Sale Price
$797,825
Properties For Sale 89
Average Days on Market
34
Months Supply of Inventory 4
Average List Price
$759,600
April 2016
%Change
$926,000
36%
39
56%
$40,688,104
104%
$1,043,285
31%
110
24%
49
44%
3
-25%
$875,008
15%
*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
April 2015
Median Price $680,000
Properties Sold
25
Sales Volume $19,945,616
Average Sale Price
$797,825
Properties For Sale 89
Average Days on Market
34
Months Supply of Inventory 4
Average List Price
$759,600
April 2016
%Change
$926,000
36%
39
56%
$40,688,104
104%
$1,043,285
31%
110
24%
49
44%
3
-25%
$875,008
15%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Venice
April 2015
Median Price $1,792,335
Properties Sold
28
Sales Volume $52,225,670
Average Sale Price
$1,865,203
Properties For Sale 79
Average Days on Market
72
Months Supply of Inventory 3
Average List Price
$1,865,203
April 2016
%Change
$1,642,000
-8%
24
-14%
$53,967,050
3%
$2,248,627
21%
102
29%
79
10%
4
33%
$2,248,627
21%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
West Hollywood
April 2015
Median Price $617,500
Properties Sold
60
Sales Volume $45,612,250
Average Sale Price
$760,204
Properties For Sale 146
Average Days on Market
54
Months Supply of Inventory 2
Average List Price
$1,017,775
April 2016
%Change
$779,500
26%
46
-23%
$49,614,239
9%
$1,078,570
42%
153
5%
50
-7%
3
50%
$1,118,919
10%
*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
April 2015
Median Price $765,000
Properties Sold
42
Sales Volume $35,914,775
Average Sale Price
$855,114
Properties For Sale 53
Average Days on Market
43
Months Supply of Inventory 1
Average List Price
$934,024
April 2016
%Change
$879,000
15%
37
-12%
$36,681,428
2%
$991,390
16%
62
17%
48
12%
2
100%
$939,115
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
1%
Westwood - Century City
April 2015
Median Price $879,000
Properties Sold
85
Sales Volume $101,779,412
Average Sale Price
$1,197,405
Properties For Sale 288
Average Days on Market
67
Months Supply of Inventory 3
Average List Price
$1,668,769
April 2016
%Change
$1,006,000
14%
71
-16%
$113,403,171
11%
$1,597,228
33%
236
-18%
60
-10%
3
0%
$1,328,769
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
-20%
RODEO REALTY MARKETING DEPARTMENT