Local Market Report June 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
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
June 2014
Median Price $2,100,000
Properties Sold
11
Sales Volume $44,578,300
Average Sale Price
$4,052,573
Properties For Sale 96
Average Days on Market
133
Months Supply of Inventory 9
Average List Price
$3,528,885
June 2015
%Change
$2,418,750
15%
20
82%
$99,301,350
123%
$4,965,068
23%
104
8%
70
-47%
5
-44%
$5,871,000
66%
*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
June 2014
Median Price $1,429,000
Properties Sold
16
Sales Volume $23,091,500
Average Sale Price
$1,443,219
Properties For Sale 62
Average Days on Market
40
Months Supply of Inventory 4
Average List Price
$1,490,554
June 2015
%Change
$1,520,000
6%
20
25%
$34,369,490
49%
$1,718,475
19%
50
-19%
25
-38%
3
-25%
$2,059,754
38%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverly Hills
June 2014
Median Price $2,610,000
Properties Sold
13
Sales Volume $54,494,000
Average Sale Price
$4,191,846
Properties For Sale 76
Average Days on Market
62
Months Supply of Inventory 6
Average List Price
$5,636,611
June 2015
%Change
$6,487,500
149%
22
69%
$142,975,588
162%
$6,498,890
55%
61
-20%
68
10%
3
-50%
$7,848,500
39%
*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.
June 2014
Median Price $1,660,000
Properties Sold
12
Sales Volume $43,600,000
Average Sale Price
$3,633,333
Properties For Sale 117
Average Days on Market
97
Months Supply of Inventory 10
Average List Price
$3,620,369
June 2015
%Change
$3,695,000
123%
19
58%
$78,450,833
80%
$4,128,991
14%
103
-12%
112
15%
5
-50%
$5,682,258
57%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverlywood
June 2014
Median Price $886,000
Properties Sold
15
Sales Volume $16,430,500
Average Sale Price
$1,095,367
Properties For Sale 70
Average Days on Market
51
Months Supply of Inventory 5
Average List Price
$992,122
June 2015
%Change
$1,228,500
39%
18
20%
$24,366,018
48%
$1,353,668
24%
49
-30%
51
0%
3
-40%
$1,539,210
55%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Brentwood
June 2014
Median Price $2,775,000
Properties Sold
29
Sales Volume $94,363,000
Average Sale Price
$3,253,897
Properties For Sale 103
Average Days on Market
66
Months Supply of Inventory 4
Average List Price
$3,348,143
June 2015
%Change
$2,825,000
2%
21
-28%
$70,303,207
-25%
$3,347,772
3%
102
-1%
50
-24%
5
25%
$4,415,800
32%
*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
June 2014
Median Price $1,765,000
Properties Sold
11
Sales Volume $21,174,000
Average Sale Price
$1,924,909
Properties For Sale 20
Average Days on Market
35
Months Supply of Inventory 2
Average List Price
$1,735,863
June 2015
%Change
$1,849,000
5%
8
-27%
$15,909,000
-25%
$1,988,625
3%
15
-25%
39
11%
2
0%
$2,622,000
51%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Culver City
June 2014
Median Price $872,500
Properties Sold
14
Sales Volume $13,733,011
Average Sale Price
$980,929
Properties For Sale 35
Average Days on Market
54
Months Supply of Inventory 3
Average List Price
$944,034
June 2015
%Change
$1,038,000
19%
18
29%
$18,374,500
34%
$1,020,806
4%
43
23%
22
-59%
2
-33%
$1,136,449
20%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hancock Park
June 2014
Median Price $1,460,000
Properties Sold
23
Sales Volume $46,978,000
Average Sale Price
$2,042,522
Properties For Sale 116
Average Days on Market
61
Months Supply of Inventory 5
Average List Price
$1,722,619
June 2015
%Change
$1,200,000
-18%
24
4%
$49,737,355
6%
$2,072,390
1%
90
-22%
76
25%
4
-20%
$2,214,151
29%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hollywood
June 2014
Median Price $975,228
Properties Sold
11
Sales Volume $11,331,908
Average Sale Price
$1,030,173
Properties For Sale 41
Average Days on Market
95
Months Supply of Inventory 4
Average List Price
$740,832
June 2015
%Change
$742,362
-24%
13
18%
$11,596,843
2%
$892,065
-13%
29
-29%
35
-63%
2
-50%
$1,138,193
54%
*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
June 2014
Median Price $1,050,825
Properties Sold
16
Sales Volume $21,068,650
Average Sale Price
$1,316,791
Properties For Sale 71
Average Days on Market
73
Months Supply of Inventory 4
Average List Price
$1,449,279
June 2015
%Change
$1,298,500
24%
14
-13%
$19,554,000
-7%
$1,396,714
6%
68
-4%
49
-33%
5
25%
$2,964,817
105%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Los Feliz
June 2014 Median Price $1,250,000
June 2015
%Change
$1,340,000
7%
Properties Sold 25 Sales Volume $38,929,500
21
-16%
$38,347,200
-1%
$1,826,057
17%
72
-23%
42
-28%
3
-25%
$1,767,508
15%
Average Sale Price
$1,557,180
Properties For Sale 93
Average Days on Market
58
Months Supply of Inventory 4
Average List Price
$1,539,144
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Malibu
June 2014
Median Price $2,150,000
Properties Sold
13
Sales Volume $34,217,365
Average Sale Price
$2,632,105
Properties For Sale 205
Average Days on Market
87
Months Supply of Inventory 16
Average List Price
$3,955,162
June 2015
%Change
$3,150,000
47%
18
38%
$71,061,745
108%
$3,947,875
50%
168
-18%
141
62%
9
-44%
$4,925,250
25%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Malibu Beach
June 2014
Median Price $4,720,000
Properties Sold
6
Sales Volume $33,355,000
Average Sale Price
$5,559,167
Properties For Sale 73
Average Days on Market
138
Months Supply of Inventory 12
Average List Price
$13,704,750
June 2015
%Change
$3,150,000
-33%
7
17%
$43,369,500
30%
$6,195,643
11%
66
-10%
200
45%
9
-25%
$9,160,643
-33%
*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
June 2014
Median Price $2,650,500
Properties Sold
4
Sales Volume $10,546,000
Average Sale Price
$2,636,500
Properties For Sale 19
Average Days on Market
75
Months Supply of Inventory 5
Average List Price
$1,536,950
June 2015
%Change
$1,265,000
-52%
3
-25%
$3,570,100
-66%
$1,190,033
-55%
15
-21%
24
-68%
5
0%
$3,018,429
96%
*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
June 2014
Median Price $534,750
Properties Sold
30
Sales Volume $17,107,450
Average Sale Price
$570,248
Properties For Sale 125
Average Days on Market
46
Months Supply of Inventory 4
Average List Price
$515,564
June 2015
%Change
$580,000
8%
35
17%
$20,931,066
22%
$598,030
5%
87
-30%
59
28%
2
-50%
$635,302
23%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Mid Wilshire
June 2014
Median Price $695,000
Properties Sold
1
Sales Volume $695,000
Average Sale Price
$695,000
Properties For Sale 25
Average Days on Market
35
Months Supply of Inventory 25
Average List Price
$780,188
June 2015
%Change
$750,000
8%
3
200%
$2,005,000
188%
$668,333
-4%
18
-28%
16
-54%
6
-76%
$919,358
18%
*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 2014
Median Price $2,542,500
Properties Sold
36
Sales Volume $103,493,000
Average Sale Price
$2,874,806
Properties For Sale 101
Average Days on Market
55
Months Supply of Inventory 3
Average List Price
$4,146,756
June 2015
%Change
$2,547,500
0%
30
-17%
$94,553,000
-9%
$3,151,767
10%
103
2%
46
-16%
3
0%
$4,208,149
1%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Palms
June 2014
Median Price $1,040,500
Properties Sold
29
Sales Volume $34,632,550
Average Sale Price
$1,194,226
Properties For Sale 95
Average Days on Market
40
Months Supply of Inventory 3
Average List Price
$1,227,028
June 2015
%Change
$1,115,000
7%
37
28%
$44,569,851
29%
$1,204,591
1%
68
-28%
38
-5%
2
-33%
$1,295,948
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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6%
Playa Vista
June 2014
Median Price $1,242,000
Properties Sold
5
Sales Volume $6,027,000
Average Sale Price
$1,205,400
Properties For Sale 7
Average Days on Market
57
Months Supply of Inventory 1
Average List Price
$1,799,633
June 2015
%Change
$2,070,000
67%
1
-80%
$2,070,000
-66%
$2,070,000
72%
7
0%
28
-51%
7
600%
$1,823,475
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
1%
Santa Monica
June 2014
Median Price $2,030,000
Properties Sold
26
Sales Volume $67,836,530
Average Sale Price
$2,609,097
Properties For Sale 79
Average Days on Market
53
Months Supply of Inventory 3
Average List Price
$2,761,950
June 2015
%Change
$1,975,000
-3%
28
8%
$61,366,721
-10%
$2,191,669
-16%
59
-25%
33
-38%
2
-33%
$3,878,342
40%
*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
June 2014
Median Price $779,500
Properties Sold
28
Sales Volume $25,492,000
Average Sale Price
$910,429
Properties For Sale 83
Average Days on Market
37
Months Supply of Inventory 3
Average List Price
$778,728
June 2015
%Change
$730,000
-6%
19
-32%
$16,219,716
-36%
$853,669
-6%
76
-8%
28
-24%
4
33%
$779,163
0%
*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
June 2014
Median Price $1,670,000
Properties Sold
40
Sales Volume $83,909,246
Average Sale Price
$2,097,731
Properties For Sale 256
Average Days on Market
98
Months Supply of Inventory 6
Average List Price
$3,088,162
June 2015
%Change
$1,912,500
15%
52
30%
$141,735,730
69%
$2,725,687
30%
235
-8%
62
-37%
5
-17%
$2,535,405
-18%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Venice
June 2014
Median Price $1,625,000
Properties Sold
28
Sales Volume $47,330,645
Average Sale Price
$1,690,380
Properties For Sale 47
Average Days on Market
49
Months Supply of Inventory 2
Average List Price
$1,720,820
June 2015
%Change
$1,809,670
11%
23
-18%
$44,063,670
-7%
$1,915,812
13%
59
26%
48
-2%
3
50%
$2,457,241
43%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
West Hollywood
June 2014
Median Price $1,125,000
Properties Sold
13
Sales Volume $16,399,500
Average Sale Price
$1,261,500
Properties For Sale 36
Average Days on Market
93
Months Supply of Inventory 3
Average List Price
$1,599,588
June 2015
%Change
$1,299,000
15%
9
-31%
$11,801,500
-28%
$1,311,278
4%
34
-6%
33
-65%
4
33%
$1,603,679
0%
*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
June 2014
Median Price $875,000
Properties Sold
13
Sales Volume $12,919,750
Average Sale Price
$993,827
Properties For Sale 28
Average Days on Market
38
Months Supply of Inventory 2
Average List Price
$863,029
June 2015
%Change
$930,775
6%
15
15%
$14,947,775
16%
$996,518
0%
22
-21%
46
21%
1
-50%
$1,205,167
40%
*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
June 2014
Median Price $1,505,000
Properties Sold
15
Sales Volume $25,381,600
Average Sale Price
$1,692,107
Properties For Sale 53
Average Days on Market
52
Months Supply of Inventory 4
Average List Price
$1,920,462
June 2015
%Change
$1,711,000
14%
11
-27%
$22,999,225
-9%
$2,090,839
24%
47
-11%
28
-46%
4
0%
$2,430,475
27%
*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