Local Market Report March 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
15
Beverly Center - Miracle Mile
3
Mid Los Angeles
16
Beverly Hills
4
Mid Wilshire
17
Beverly Hills P.O.
5
Pacific Palisades
18
Beverlywood
6
Playa Vista
19
Brentwood
7
Santa Monica
20
Cheviot Hills - Rancho Park
8
Silverlake - Echo Park
21
Culver City
9
22
Hollywood
10
Sunset Strip Hollywood Hills West
Hollywood Hills East
11
Venice
23
Los Feliz
12
West Hollywood
24
Malibu
13
West Los Angeles
25
Malibu Beach
14
Westwood - Century City
26
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Bel Air-Holmby Hills
Mar. 2014
Median Price $3,597,000
Mar. 2015
%Change
$3,597,500
0%
20
18%
$112,169,500
-24%
$5,608,475
-36%
76
-15%
230
109
-53%
Months Supply of Inventory 5.24
3.8
-27%
$6,672,504
-47%
Properties Sold
17
Sales Volume $147,923,000
Average Sale Price
$8,701,353
Properties For Sale 89
Average Days on Market
Average List Price
$12,537,923
*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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Beverly Center - Miracle Mile
Mar. 2014
Median Price $920,000
Properties Sold
18
Sales Volume $28,101,500
Average Sale Price
$1,124,060
Properties For Sale 77
Average Days on Market
60
Months Supply of Inventory 3.08
Average List Price
$1,233,204
Mar. 2015
%Change
$1,245,000
35%
19
6%
$39,487,985
41%
$1,316,266
17%
60
-22%
54
-10%
2
-35%
$1,269,032
3%
*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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Beverly Hills
Mar. 2014
Median Price $2,395,000
Properties Sold
31
Sales Volume $135,747,167
Average Sale Price
$4,378,941
Properties For Sale 220
Average Days on Market
101
Months Supply of Inventory 7.1
Average List Price
$4,657,591
Mar. 2015
%Change
$1,690,063
-29%
44
42%
$119,007,925
-12%
$2,704,726
-38%
214
-3%
84
-17%
4.86
-32%
$6,728,068
44%
*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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Beverly Hills P.O.
Mar. 2014
Median Price $2,624,000
Properties Sold
12
Sales Volume $67,353,897
Average Sale Price
$5,612,825
Properties For Sale 104
Average Days on Market
106
Months Supply of Inventory 8.67
Average List Price
$6,183,609
Mar. 2015
%Change
$1,400,000
-47%
14
17%
$29,071,000
-57%
$2,076,500
-63%
103
-1%
75
-29%
7.36
-15%
$5,003,853
-19%
*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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Beverlywood
Mar. 2014
Mar. 2015
%Change
Median Price $850,000
$910,000
7%
19
0%
$24,184,500
1%
$967,380
-7%
46
-39%
59
-9%
1.84
-44%
$1,055,480
19%
Properties Sold
19
Sales Volume $23,957,000
Average Sale Price
$1,041,609
Properties For Sale 76
Average Days on Market
65
Months Supply of Inventory 3.3
Average List Price
$885,270
*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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Brentwood
Mar. 2014
Median Price $2,740,000
Properties Sold
7
Sales Volume $31,567,722
Average Sale Price
$1,315,322
Properties For Sale 164
Average Days on Market
64
Months Supply of Inventory 6.83
Average List Price
$2,798,650
Mar. 2015
%Change
$3,433,391
25%
11
57%
$50,759,355
61%
$1,879,976
43%
138
-16%
98
53%
5.11
-25%
$3,099,251
11%
*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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Cheviot Hills - Rancho Park
Mar. 2014
Median Price $1,525,900
Properties Sold
2
Sales Volume $3,636,800
Average Sale Price
$1,212,267
Properties For Sale 16
Average Days on Market
34
Months Supply of Inventory 5.33
Average List Price
$1,951,500
Mar. 2015
%Change
$1,165,000
-24%
3
50%
$3,760,000
3%
$1,253,333
3%
17
6%
70
106%
5.67
6%
$2,379,667
22%
*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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Culver City
Mar. 2014
Mar. 2015
%Change
Median Price $742,500
$991,000
33%
17
113%
$33,705,755
180%
$749,017
31%
74
-1%
60
25%
1.64
-54%
$731,257
17%
Properties Sold
8
Sales Volume $12,020,500
Average Sale Price
$572,405
Properties For Sale 75
Average Days on Market
48
Months Supply of Inventory 3.57
Average List Price
$627,188
*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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Hollywood
Mar. 2014
Mar. 2015
%Change
Median Price $987,500
$855,000
-13%
9
50%
$21,079,155
111%
$1,003,769
30%
53
-41%
64
78%
2.52
-64%
$742,092
-37%
Properties Sold
6
Sales Volume $10,012,500
Average Sale Price
$770,192
Properties For Sale 90
Average Days on Market
36
Months Supply of Inventory 6.92
Average List Price
$1,175,303
*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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Hollywood Hills East
Mar. 2014
Mar. 2015
%Change
Median Price $987,500
$855,000
-13%
9
50%
$21,079,155
111%
$1,003,769
30%
53
-41%
64
78%
2.52
-64%
$742,092
-37%
Properties Sold
6
Sales Volume $10,012,500
Average Sale Price
$770,192
Properties For Sale 90
Average Days on Market
36
Months Supply of Inventory 6.92
Average List Price
$1,175,303
*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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Los Feliz
Mar. 2014 Median Price $1,020,000
Mar. 2015
Properties Sold 23 Sales Volume $41,143,000
16
-30%
$23,748,015
-42%
$1,130,858
-29%
69
-8%
73
16%
3.29
14%
$2,076,466
60%
Average Sale Price
$1,582,423
Properties For Sale 75
Average Days on Market
63
Months Supply of Inventory 2.88
Average List Price
$1,300,708
$1,087,500
%Change 7%
*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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Malibu
Mar. 2014
Median Price $1,877,500
Properties Sold
10
Sales Volume $26,759,000
Average Sale Price
$2,058,385
Properties For Sale 193
Average Days on Market
173
Months Supply of Inventory 14.85
Average List Price
$3,121,632
Mar. 2015
%Change
$2,125,000
13%
15
50%
$42,901,000
60%
$2,042,905
-1%
182
-6%
127
-27%
8.67
-42%
$3,131,348
0%
*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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Malibu Beach
Mar. 2014
Median Price $6,300,000
Properties Sold
5
Sales Volume $25,963,000
Average Sale Price
$3,709,000
Properties For Sale 89
Average Days on Market
114
Months Supply of Inventory 12.71
Average List Price
$7,188,426
Mar. 2015
%Change
$3,750,000
-40%
3
-40%
$17,132,500
-34%
$5,710,833
54%
72
-19%
325
185%
24
89%
$7,487,808
4%
*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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Marina del Rey
Mar. 2014
Median Price $1,590,000
Properties Sold
3
Sales Volume $19,283,400
Average Sale Price
$838,409
Properties For Sale 137
Average Days on Market
88
Months Supply of Inventory 5.96
Average List Price
$1,085,346
Mar. 2015
%Change
$2,735,000
72%
3
0%
$39,408,723
104%
$1,065,101
27%
88
-36%
92
5%
2.38
-60%
$979,525
-10%
*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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Mid Los Angeles
Mar. 2014
Mar. 2015
%Change
Median Price $413,500
$450,000
9%
Properties Sold
38
Sales Volume $16,856,550
Average Sale Price
$443,593
Properties For Sale 120
Average Days on Market
54
Months Supply of Inventory 3.16
Average List Price
$553,799
32
-16%
$15,760,400
-7%
$492,513
11%
94
-22%
58
7%
2.94
-7%
$537,269
-3%
*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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Mid Wilshire
Mar. 2014
Mar. 2015
%Change
Median Price $850,000
$522,500
-39%
19
27%
$9,501,000
56%
$500,053
23%
69
-30%
57
-35%
3.63
-44%
Properties Sold
15
Sales Volume $6,104,500
Average Sale Price
$406,967
Properties For Sale 98
Average Days on Market
88
Months Supply of Inventory 6.53
Average List Price
$586,361
$617,725
5%
*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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Pacific Palisades
Mar. 2014
Median Price $2,662,500
Properties Sold
36
Sales Volume $109,625,485
Average Sale Price
$3,045,152
Properties For Sale 122
Average Days on Market
64
Months Supply of Inventory 3.39
Average List Price
$3,182,027
Mar. 2015
%Change
$3,475,000
31%
30
-17%
$112,986,960
3%
$3,766,232
24%
98
-20%
64
0
3.27
-4%
$4,439,261
40%
*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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Playa Vista
Mar. 2014
Mar. 2015
%Change
Median Price $641,000
$785,000
22%
13
63%
$12,340,000
109%
$949,231
28%
18
-31%
53
33%
1.38
-58%
$735,964
-5%
Properties Sold
8
Sales Volume $5,916,000
Average Sale Price
$739,500
Properties For Sale 26
Average Days on Market
40
Months Supply of Inventory 3.25
Average List Price
$778,136
*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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Santa Monica
Mar. 2014
Median Price $908,500
Properties Sold
47
Sales Volume $88,342,760
Average Sale Price
$1,879,633
Properties For Sale 174
Average Days on Market
66
Months Supply of Inventory 3.7
Average List Price
$1,482,012
Mar. 2015
%Change
$1,200,250
32%
62
32%
$97,187,079
10%
$1,567,534
-17%
170
-2%
55
-17%
2.74
-26%
$1,894,822
28%
*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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Silverlake - Echo Park
Mar. 2014
Mar. 2015
%Change
Median Price $691,000
$730,000
6%
35
30%
$30,264,518
54%
$864,701
19%
69
-25%
57
-2%
1.97
-42%
Properties Sold
27
Sales Volume $19,616,322
Average Sale Price
$726,530
Properties For Sale 92
Average Days on Market
58
Months Supply of Inventory 3.41
Average List Price
$810,018
$818,615
1%
*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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Sunset Strip - Hollywood Hills West
Mar. 2014
Median Price $1,515,000
Properties Sold
45
Sales Volume $85,816,707
Average Sale Price
$1,907,038
Properties For Sale 250
Average Days on Market
78
Months Supply of Inventory 5.56
Average List Price
$2,390,262
Mar. 2015
%Change
$1,740,000
15%
36
-20%
$71,124,000
-17%
$1,975,667
4%
249
0%
96
23%
6.92
24%
$2,558,994
7%
*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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Venice
Mar. 2014
Median Price $1,350,000
Properties Sold
23
Sales Volume $37,254,050
Average Sale Price
$1,619,741
Properties For Sale 59
Average Days on Market
52
Months Supply of Inventory 2.57
Average List Price
$1,631,636
Mar. 2015
%Change
$1,585,000
17%
21
-9%
$39,026,000
5%
$1,858,381
15%
69
17%
73
40%
3.29
28%
$1,803,355
11%
*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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West Hollywood
Mar. 2014
Median Price $825,575
Properties Sold
42
Sales Volume $29,215,025
Average Sale Price
$695,596
Properties For Sale 128
Average Days on Market
60
Months Supply of Inventory 3.05
Average List Price
$825,575
Mar. 2015
%Change
$1,049,458
27%
53
26%
$44,665,749
53%
$842,750
21%
130
2%
79
32%
2.45
-20%
$1,049,458
27%
*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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West Los Angeles
Mar. 2014
Mar. 2015
%Change
Median Price $595,000
$747,500
26%
22
-12%
Properties Sold
25
Sales Volume $16,497,000
Average Sale Price
$659,880
Properties For Sale 73
Average Days on Market
38
Months Supply of Inventory 2.92
Average List Price
$805,627
$16,661,500
1%
$757,341
15%
59
-19%
66
74%
2.68
-8%
$787,738
-2%
*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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Westwood - Century City
Mar. 2014
Mar. 2015
%Change
Median Price $820,000
$753,500
-8%
54
-14%
$64,330,538
-22%
$1,191,306
-10%
229
-18%
74
-1%
4.24
-4%
$1,352,521
14%
Properties Sold
63
Sales Volume $82,996,550
Average Sale Price
$1,317,406
Properties For Sale 278
Average Days on Market
75
Months Supply of Inventory 4.41
Average List Price
$1,191,046
*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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