Local Market Report November 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
Nov 2014
Median Price $1,420,000
Properties Sold
15
Sales Volume $64,933,000
Average Sale Price
$4,328,867
Properties For Sale 102
Average Days on Market
107
Months Supply of Inventory 7
Average List Price
$8,735,036
Nov 2015 $3,164,500
123%
7
-53%
$34,264,500
-47%
$4,894,929
13%
88
-14%
66
-38%
13
86%
$10,772,446
23%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Beverly Center - Miracle Mile
Nov 2014
Median Price $1,320,000
Properties Sold
25
Sales Volume $34,430,103
Average Sale Price
$1,377,204
Properties For Sale 73
Average Days on Market
71
Months Supply of Inventory 3
Average List Price
$1,452,788
Nov 2015 $1,475,000
12%
20
-20%
$29,947,390
-13%
$1,497,370
9%
73
0%
37
-48%
4
33%
$1,674,352
15%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Beverly Hills
Nov 2014
Median Price $2,342,000
Properties Sold
26
Sales Volume $101,862,650
Average Sale Price
$3,917,794
Properties For Sale 229
Average Days on Market
104
Months Supply of Inventory 9
Average List Price
$8,254,020
Nov 2015 $2,350,000
0%
25
-4%
$80,241,050
-21%
$3,209,642
-18%
235
3%
107
3%
9
0%
$5,693,223
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
-31%
Beverly Hills P.O.
Nov 2014
Median Price $2,616,500
Properties Sold
10
Sales Volume $39,063,500
Average Sale Price
$3,906,350
Properties For Sale 106
Average Days on Market
95
Months Supply of Inventory 11
Average List Price
$12,103,383
Nov 2015 $2,925,000
12%
13
30%
$39,725,000
2%
$3,055,769
-22%
106
0%
112
18%
8
-27%
$5,605,297
-54%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Beverlywood
Nov 2014
Nov 2015
%Change
Median Price $758,000
$750,000
-1%
13
-19%
$10,027,000
-17%
Properties Sold
16
Sales Volume $12,117,500
Average Sale Price
$757,344
Properties For Sale 56
Average Days on Market
73
Months Supply of Inventory 4
Average List Price
$898,087
$771,308
2%
63
13%
70
-4%
5
25%
$1,371,443
53%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Brentwood
Nov 2014
Median Price $1,557,500
Properties Sold
36
Sales Volume $69,306,465
Average Sale Price
$1,925,180
Properties For Sale 137
Average Days on Market
76
Months Supply of Inventory 4
Average List Price
$2,276,167
Nov 2015 $1,988,000
28%
34
-6%
$93,161,540
34%
$2,740,045
42%
155
13%
61
-20%
5
25%
$2,691,663
18%
*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
Nov 2014
Median Price $1,475,000
Properties Sold
5
Sales Volume $8,870,000
Average Sale Price
$1,774,000
Properties For Sale 25
Average Days on Market
36
Months Supply of Inventory 5
Average List Price
$1,767,000
Nov 2015 $1,375,000
-7%
7
40%
$10,274,000
16%
$1,467,714
-17%
17
-32%
55
53%
2
-60%
$2,117,843
20%
*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
Nov 2014
Nov 2015
%Change
Median Price $575,000
$520,000
-10%
Properties Sold
27
Sales Volume $16,566,618
Average Sale Price
$613,578
Properties For Sale 85
Average Days on Market
50
Months Supply of Inventory 3
Average List Price
$656,356
27
0%
$20,180,068
22%
$747,410
22%
72
-15%
49
-2%
3
0%
$762,913
16%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hancock Park
Nov 2014
Nov 2015
%Change
Median Price $967,500
$905,000
-6%
28
-22%
$41,681,025
-17%
$1,488,608
7%
141
-5%
49
-11%
5
25%
$1,353,309
16%
Properties Sold
36
Sales Volume $50,039,860
Average Sale Price
$1,389,996
Properties For Sale 149
Average Days on Market
55
Months Supply of Inventory 4
Average List Price
$1,169,316
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Hollywood
Nov 2014
Nov 2015
%Change
Median Price $710,000
$670,000
-6%
11
-35%
$9,114,900
-27%
$828,627
13%
81
27%
55
-27%
7
75%
$1,043,868
20%
Properties Sold
17
Sales Volume $12,486,000
Average Sale Price
$734,471
Properties For Sale 64
Average Days on Market
75
Months Supply of Inventory 4
Average List Price
$871,989
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Hollywood Hills East
Nov 2014
Median Price $983,000
Properties Sold
16
Sales Volume $18,650,000
Average Sale Price
$1,165,625
Properties For Sale 71
Average Days on Market
92
Months Supply of Inventory 4
Average List Price
$1,081,772
Nov 2015 $1,150,000
17%
15
-6%
$16,894,000
-9%
$1,126,267
-3%
57
-20%
55
-40%
4
0%
$1,906,399
76%
*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
Nov 2014 Median Price $1,142,500
Nov 2015 $1,125,850
-1%
Properties Sold 24 Sales Volume $34,186,600
14
-42%
$23,648,132
-31%
$1,689,152
19%
77
-1%
63
7%
6
100%
Average Sale Price
$1,424,442
Properties For Sale 78
Average Days on Market
59
Months Supply of Inventory 3
Average List Price
$1,394,077
$1,482,667
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
6%
Malibu
Nov 2014
Median Price $1,700,000
Properties Sold
17
Sales Volume $30,394,428
Average Sale Price
$1,787,908
Properties For Sale 209
Average Days on Market
160
Months Supply of Inventory 12
Average List Price
$2,931,474
Nov 2015 $2,155,000
27%
14
-18%
$46,326,500
52%
$3,309,036
85%
175
-16%
187
17%
13
8%
$5,032,724
72%
*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
Nov 2014
Median Price $8,000,000
Properties Sold
5
Sales Volume $34,557,222
Average Sale Price
$6,911,444
Properties For Sale 73
Average Days on Market
150
Months Supply of Inventory 15
Average List Price
$5,807,556
Nov 2015 $8,575,000 4
7% -20%
$36,210,000
5%
$9,052,500
31%
73
0%
143
-5%
18
20%
$15,001,727
158%
*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
Nov 2014
Nov 2015
%Change
Median Price $765,000
$900,000
18%
24
-37%
$26,189,490
-29%
$1,091,229
12%
91
-20%
70
-39%
4
33%
$1,334,717
29%
Properties Sold
38
Sales Volume $37,083,000
Average Sale Price
$975,868
Properties For Sale 114
Average Days on Market
115
Months Supply of Inventory 3
Average List Price
$1,032,075
*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
Nov 2014
Nov 2015
%Change
Median Price $415,000
$457,450
10%
26
-16%
$14,530,219
11%
$558,855
32%
119
-11%
25
-48%
5
25%
$649,683
21%
Properties Sold
31
Sales Volume $13,120,800
Average Sale Price
$423,252
Properties For Sale 134
Average Days on Market
48
Months Supply of Inventory 4
Average List Price
$535,207
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Mid Wilshire
Nov 2014
Nov 2015
%Change
Median Price $530,000
$520,000
-2%
7
-53%
$3,599,000
-59%
$514,143
-11%
63
-22%
48
-49%
9
80%
$669,041
14%
Properties Sold
15
Sales Volume $8,689,500
Average Sale Price
$579,300
Properties For Sale 81
Average Days on Market
94
Months Supply of Inventory 5
Average List Price
$584,786
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Pacific Palisades
June 2014
Median Price $2,370,000
Properties Sold
19
Sales Volume $58,477,787
Average Sale Price
$3,077,778
Properties For Sale 97
Average Days on Market
75
Months Supply of Inventory 5
Average List Price
$4,970,476
June 2015
%Change
$2,095,000
-12%
16
-16%
$37,395,000
-36%
$2,337,188
-24%
126
30%
71
-5%
8
60%
$2,689,051
-46%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Palms
Nov 2014
Median Price $1,065,000
Properties Sold
37
Sales Volume $39,302,150
Average Sale Price
$1,062,220
Properties For Sale 101
Average Days on Market
72
Months Supply of Inventory 3
Average List Price
$982,279
Nov 2015 $1,100,000
3%
27
-27%
$30,435,000
-23%
$1,127,222
6%
74
-27%
52
-28%
3
0%
$1,303,370
33%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Playa Vista
Nov 2014
Nov 2015
%Change
Median Price $865,000
$907,500
5%
Properties Sold
12
Sales Volume $11,215,795
Average Sale Price
$934,650
Properties For Sale 35
Average Days on Market
62
Months Supply of Inventory 3
Average List Price
$1,155,212
8
-33%
$8,759,000
-22%
$1,094,875
17%
11
-69%
14
-77%
1
-67%
$1,382,372
20%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Santa Monica
Nov 2014
Median Price $1,190,000
Properties Sold
48
Sales Volume $75,569,400
Average Sale Price
$1,574,363
Properties For Sale 188
Average Days on Market
56
Months Supply of Inventory 4
Average List Price
$2,121,316
Nov 2015 $1,501,000
26%
50
4%
$111,556,307
48%
$2,231,126
42%
154
-18%
78
39%
3
-25%
$2,080,040
-2%
*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
Nov 2014
Nov 2015
%Change
Median Price $710,000
$892,000
26%
34
26%
$31,994,646
37%
$941,019
9%
110
15%
52
-9%
3
-25%
Properties Sold
27
Sales Volume $23,415,655
Average Sale Price
$867,246
Properties For Sale 96
Average Days on Market
57
Months Supply of Inventory 4
Average List Price
$881,767
$929,317
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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5%
Sunset Strip - Hollywood Hills West
Nov 2014
Median Price $1,385,000
Properties Sold
38
Sales Volume $64,975,775
Average Sale Price
$1,709,889
Properties For Sale 260
Average Days on Market
78
Months Supply of Inventory 7
Average List Price
$3,129,492
Nov 2015 $1,255,000
-9%
42
11%
$77,127,500
19%
$1,836,369
7%
275
6%
62
-21%
7
0%
$2,909,172
-7%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Venice
Nov 2014
Median Price $1,580,000
Properties Sold
18
Sales Volume $31,743,450
Average Sale Price
$1,763,525
Properties For Sale 71
Average Days on Market
73
Months Supply of Inventory 4
Average List Price
$2,135,810
Nov 2015 $1,700,000
8%
19
6%
$38,530,558
21%
$2,027,924
15%
79
11%
60
-18%
4
0%
$2,193,320
3%
*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
Nov 2014
Nov 2015
%Change
Median Price $678,500
$733,500
8%
Properties Sold
36
Sales Volume $25,821,900
Average Sale Price
$717,275
Properties For Sale 150
Average Days on Market
77
Months Supply of Inventory 4
Average List Price
$1,000,932
28
-22%
$24,066,981
-7%
$859,535
20%
136
-9%
52
-32%
5
25%
$986,878
-1%
*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
Nov 2014
Nov 2015
%Change
Median Price $719,500
$805,000
12%
22
10%
$20,218,900
33%
$919,041
21%
65
-22%
55
-29%
3
-25%
Properties Sold
20
Sales Volume $15,169,200
Average Sale Price
$758,460
Properties For Sale 83
Average Days on Market
77
Months Supply of Inventory 4
Average List Price
$826,732
$898,837
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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9%
Westwood - Century City
Nov 2014
Nov 2015
%Change
Median Price $850,000
$867,500
2%
54
8%
$63,185,900
10%
$1,170,109
2%
Properties Sold
50
Sales Volume $57,375,500
Average Sale Price
$1,147,510
Properties For Sale 255
Average Days on Market
71
Months Supply of Inventory 5
Average List Price
$1,421,852
216
-15%
65
-8%
4
-20%
$1,649,467
16%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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RODEO REALTY MARKETING DEPARTMENT