Local Market Report December 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
Rodeo Realty RodeoRE.com
Bel Air-Holmby Hills
Dec 2014
Median Price $1,495,000
Properties Sold
15
Sales Volume $43,742,700
Average Sale Price
$2,916,180
Properties For Sale 91
Average Days on Market
76
Months Supply of Inventory 6
Average List Price
$4,244,000
Dec 2015 $2,217,500
48%
8
-47%
$50,532,500
16%
$6,316,563
117%
70
-23%
90
18%
9
50%
$6,223,500
47%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Beverly Center - Miracle Mile
Dec 2014
Dec 2015
%Change
Median Price $850,000
$999,000
18%
22
16%
$24,046,990
16%
$1,093,045
0%
57
0%
68
-6%
3
0%
$1,570,895
53%
Properties Sold
19
Sales Volume $20,760,325
Average Sale Price
$1,092,649
Properties For Sale 57
Average Days on Market
72
Months Supply of Inventory 3
Average List Price
$1,028,600
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Beverly Hills
Dec 2014
Median Price $2,725,000
Properties Sold
204
Sales Volume $215,278,600
Average Sale Price
$6,331,724
Properties For Sale 204
Average Days on Market
100
Months Supply of Inventory 6
Average List Price
$3,785,661
Dec 2015 $2,675,000
-2%
179
-12%
$189,747,602
-12%
$4,517,800
-29%
179
-12%
78
-22%
4
-33%
$5,106,517
35%
*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.
Dec 2014
Median Price $3,225,000
Properties Sold
15
Sales Volume $86,076,600
Average Sale Price
$5,738,440
Properties For Sale 102
Average Days on Market
101
Months Supply of Inventory 7
Average List Price
$4,047,719
Dec 2015 $2,577,500
-20%
14
-7%
$41,639,000
-52%
$2,974,214
-48%
79
-23%
78
-23%
6
-14%
$5,950,467
47%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Beverlywood
Dec 2014
Dec 2015
%Change
Median Price $770,000
$810,000
5%
25
14%
$23,083,084
29%
$923,323
14%
44
-4%
64
36%
2
0%
$1,134,218
20%
Properties Sold
22
Sales Volume $17,839,401
Average Sale Price
$810,882
Properties For Sale 46
Average Days on Market
47
Months Supply of Inventory 2
Average List Price
$948,333
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Brentwood
Dec 2014
Median Price $1,787,500
Properties Sold
42
Sales Volume $80,037,970
Average Sale Price
$1,905,666
Properties For Sale 102
Average Days on Market
57
Months Supply of Inventory 2
Average List Price
$1,812,213
Dec 2015 $1,364,000
-24%
34
-19%
$108,942,277
36%
$3,204,185
68%
127
25%
63
11%
4
100%
$2,188,710
21%
*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
Dec 2014
Median Price $1,675,000
Properties Sold
9
Sales Volume $13,785,250
Average Sale Price
$1,531,694
Properties For Sale 21
Average Days on Market
42
Months Supply of Inventory 2
Average List Price
$995,333
Dec 2015 $1,623,000
-3%
5
-44%
$7,753,000
-44%
$1,550,600
1%
19
-10%
34
-19%
4
100%
$2,576,125
159%
*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
Dec 2014
Dec 2015
%Change
Median Price $707,500
$792,500
12%
50
25%
$41,911,988
51%
$838,240
21%
50
-28%
53
15%
1
-50%
$965,880
47%
Properties Sold
40
Sales Volume $27,780,450
Average Sale Price
$694,511
Properties For Sale 69
Average Days on Market
46
Months Supply of Inventory 2
Average List Price
$659,231
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hancock Park
Dec 2014
Median Price $1,040,000
Properties Sold
40
Sales Volume $57,983,600
Average Sale Price
$1,449,590
Properties For Sale 110
Average Days on Market
63
Months Supply of Inventory 3
Average List Price
$1,127,741
Dec 2015
%Change
$767,500
-26%
34
-15%
$40,063,700
-31%
$1,178,344
-19%
114
4%
70
11%
3
0%
$1,164,239
3%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hollywood
Dec 2014
Dec 2015
%Change
Median Price $657,745
$685,000
4%
20
11%
$14,047,900
11%
$702,395
0%
59
16%
64
-43%
3
0%
$779,219
1%
Properties Sold
18
Sales Volume $12,695,990
Average Sale Price
$705,333
Properties For Sale 51
Average Days on Market
113
Months Supply of Inventory 3
Average List Price
$772,920
*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
Dec 2014
Median Price $828,500
Properties Sold
58
Sales Volume $19,814,500
Average Sale Price
$1,238,406
Properties For Sale 58
Average Days on Market
72
Months Supply of Inventory 4
Average List Price
$1,360,422
Dec 2015 $1,185,000
43%
44
-24%
$16,678,145
-16%
$1,111,876
-10%
44
-24%
72
0%
3
-25%
$1,643,633
21%
*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
Dec 2014 Median Price $1,417,900
Dec 2015
Properties Sold 24 Sales Volume $38,932,300
25
Average Sale Price
$1,622,179
$1,010,000
64
Months Supply of Inventory 2
Average List Price
$1,496,292
4% -15%
$1,318,333
-19% -100%
57
-11%
2
0%
$1,542,073
3%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
-29%
$32,958,321
Properties For Sale 53
Average Days on Market
%Change
Malibu
Dec 2014
Median Price $2,460,000
Properties Sold
18
Sales Volume $47,640,777
Average Sale Price
$2,646,710
Properties For Sale 183
Average Days on Market
166
Months Supply of Inventory 10
Average List Price
$3,046,615
Dec 2015 $2,374,100
-3%
23
28%
$86,151,600
81%
$3,745,722
42%
154
-16%
135
-19%
7
-30%
$3,940,239
29%
*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
Dec 2014
Median Price $1,350,000
Properties Sold
7
Sales Volume $15,870,000
Average Sale Price
$2,267,143
Properties For Sale 62
Average Days on Market
104
Months Supply of Inventory 9
Average List Price
$5,624,500
Dec 2015 $5,775,000
328%
4
-43%
$23,943,100
51%
$5,985,775
164%
66
6%
166
60%
17
89%
$8,417,375
50%
*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
Dec 2014
Dec 2015
%Change
Median Price $759,500
$900,000
18%
33
-13%
$31,436,400
-2%
$952,618
13%
79
-7%
61
-21%
2
0%
$1,257,842
4%
Properties Sold
38
Sales Volume $32,013,000
Average Sale Price
$842,447
Properties For Sale 85
Average Days on Market
77
Months Supply of Inventory 2
Average List Price
$1,209,174
*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
Dec 2014
Dec 2015
%Change
Median Price $455,500
$582,000
28%
44
16%
$26,986,910
45%
$613,339
25%
102
-11%
58
-23%
2
-33%
Properties Sold
38
Sales Volume $18,657,500
Average Sale Price
$490,987
Properties For Sale 114
Average Days on Market
75
Months Supply of Inventory 3
Average List Price
$517,146
$541,335
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
5%
Mid Wilshire
Dec 2014
Dec 2015
%Change
Median Price $462,500
$610,000
32%
14
-36%
$8,884,275
-11%
$634,591
40%
58
-3%
51
-36%
4
33%
$567,900
1%
Properties Sold
22
Sales Volume $10,004,000
Average Sale Price
$454,727
Properties For Sale 60
Average Days on Market
80
Months Supply of Inventory 3
Average List Price
$561,315
*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 $1,911,000
Properties Sold
20
Sales Volume $46,099,201
Average Sale Price
$2,304,960
Properties For Sale 84
Average Days on Market
61
Months Supply of Inventory 4
Average List Price
$3,370,383
June 2015
%Change
$2,500,000
31%
31
55%
$86,594,675
88%
$2,793,377
21%
93
11%
86
41%
3
-25%
$2,704,540
-20%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Palms
Dec 2014
Dec 2015
%Change
Median Price $905,000
$975,000
8%
43
-4%
$49,475,501
5%
$1,150,593
10%
57
-23%
61
-5%
1
-50%
$1,279,336
25%
Properties Sold
45
Sales Volume $46,985,000
Average Sale Price
$1,044,111
Properties For Sale 74
Average Days on Market
64
Months Supply of Inventory 2
Average List Price
$1,023,881
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Playa Vista
Dec 2014
Median Price $733,500
Properties Sold
26
Sales Volume $8,351,100
Average Sale Price
$1,043,888
Properties For Sale 26
Average Days on Market
97
Months Supply of Inventory 3
Average List Price
$599,000
Dec 2015 $1,524,000
108%
12
-54%
$7,859,000
-6%
$1,571,800
51%
12
-54%
39
-60%
2
-33%
$960,127
60%
*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
Dec 2014
Median Price $1,500,000
Properties Sold
67
Sales Volume $130,149,901
Average Sale Price
$1,942,536
Properties For Sale 147
Average Days on Market
59
Months Supply of Inventory 2
Average List Price
$1,727,325
Dec 2015 $1,175,000
-22%
48
-28%
$75,768,113
-42%
$1,578,502
-19%
115
-22%
53
-10%
2
0%
$1,466,761
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
-15%
Silverlake - Echo Park
Dec 2014
Dec 2015
%Change
Median Price $735,373
$874,000
19%
37
32%
$33,990,376
39%
$918,659
5%
80
10%
46
-26%
2
-33%
$942,248
30%
Properties Sold
28
Sales Volume $24,524,592
Average Sale Price
$875,878
Properties For Sale 73
Average Days on Market
62
Months Supply of Inventory 3
Average List Price
$724,742
*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
Dec 2014
Median Price $1,550,000
Properties Sold
40
Sales Volume $98,856,500
Average Sale Price
$2,471,413
Properties For Sale 207
Average Days on Market
90
Months Supply of Inventory 5
Average List Price
$2,070,712
Dec 2015 $1,262,500
-19%
56
40%
$102,259,516
3%
$1,826,063
-26%
201
-3%
90
0%
4
-20%
$3,729,543
80%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Venice
Dec 2014
Median Price $1,638,500
Properties Sold
58
Sales Volume $40,195,425
Average Sale Price
$1,827,065
Properties For Sale 58
Average Days on Market
63
Months Supply of Inventory 3
Average List Price
$2,236,923
Dec 2015 $1,605,000
-2%
68
17%
$35,561,000
-12%
$1,778,050
-3%
68
17%
57
-10%
3
0%
$2,459,000
10%
*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
Dec 2014
Dec 2015
%Change
Median Price $689,000
$815,000
18%
37
19%
$40,142,150
48%
$1,084,923
24%
102
-14%
72
26%
3
-25%
$1,047,048
21%
Properties Sold
31
Sales Volume $27,207,500
Average Sale Price
$877,661
Properties For Sale 118
Average Days on Market
57
Months Supply of Inventory 4
Average List Price
$863,727
*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
Dec 2014
Dec 2015
%Change
Median Price $715,000
$830,000
16%
35
30%
$30,338,782
58%
$866,822
22%
40
-37%
67
16%
1
-50%
$1,050,529
30%
Properties Sold
27
Sales Volume $19,173,000
Average Sale Price
$710,111
Properties For Sale 63
Average Days on Market
58
Months Supply of Inventory 2
Average List Price
$806,322
*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
Dec 2014
Dec 2015
%Change
Median Price $759,500
$925,000
22%
64
23%
$96,190,075
49%
$1,502,970
21%
180
-19%
70
1%
3
-25%
Properties Sold
52
Sales Volume $64,685,765
Average Sale Price
$1,243,957
Properties For Sale 221
Average Days on Market
69
Months Supply of Inventory 4
Average List Price
$1,504,353
$1,522,531
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
1%
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