Local Market Report November 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
Nov 2015
Median Price $860,000
Properties Sold
11
Sales Volume $34,328,250
Average Sale Price
$3,120,750
Properties For Sale 1864
Average Days on Market
77
Months Supply of Inventory 169
Average List Price
$7,804,391
Nov 2016 $1,320,000
53%
23
109%
$71,791,131
109%
$3,121,354
0%
1903
2%
98
27%
83
-51%
$6,712,567
-14%
*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 2015
Median Price $6,500
Properties Sold
61
Sales Volume $44,173,990
Average Sale Price
$724,164
Nov 2016
%Change
$725,000
11054%
53
-13%
$39,346,080
-11%
$742,379
3%
2928
2%
39
50
28%
Months Supply of Inventory 47
55
17%
$886,897
5%
Properties For Sale 2865
Average Days on Market
Average List Price
$843,615
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverly Hills
Nov 2015
Median Price $45,000
Properties Sold
61
Nov 2016 $1,395,000
%Change 3000%
55
-10%
$169,341,975
78%
$3,078,945
97%
4338
3%
80
76
-5%
Months Supply of Inventory 69
79
14%
$3,077,368
1%
Sales Volume $95,102,168
Average Sale Price
$1,559,052
Properties For Sale 4224
Average Days on Market
Average List Price
$3,032,224
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverly Hills P.O.
Nov 2015
Median Price $2,237,500
Properties Sold
18
Sales Volume $39,802,163
Average Sale Price
$2,211,231
Properties For Sale 1941
Average Days on Market
Nov 2016
%Change
$2,175,000
-3%
22
22%
$71,504,345
80%
$3,250,198
47%
1990
3%
106
79
-25%
Months Supply of Inventory 108
90
-17%
$2,835,397
-27%
Average List Price
$3,882,358
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverlywood
Nov 2015
Nov 2016
%Change
Median Price $635,000
$835,000
31%
30
3%
$24,938,280
53%
$831,276
48%
1574
0%
Properties Sold
29
Sales Volume $16,327,225
Average Sale Price
$563,008
Properties For Sale 1575
Average Days on Market
61
48
-21%
Months Supply of Inventory 54
52
-4%
$706,314
-19%
Average List Price
$874,974
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Brentwood
Nov 2015
Nov 2016
%Change
$825,000
-25%
57
10%
$109,081,134
11%
$1,913,704
1%
2902
0%
50
52
4%
Months Supply of Inventory 56
51
-9%
$2,040,737
29%
Median Price $1,105,500
Properties Sold
52
Sales Volume $98,382,305
Average Sale Price
$1,891,967
Properties For Sale 2916
Average Days on Market
Average List Price
$1,582,553
*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
Nov 2015
Median Price $1,205,000
Nov 2016
%Change
$1,420,000
18%
10
0%
$10,316,700
0%
$1,031,670
0%
660
1%
52
67
29%
Months Supply of Inventory 65
66
2%
$1,856,644
50%
Properties Sold
10
Sales Volume $10,296,300
Average Sale Price
$1,029,630
Properties For Sale 653
Average Days on Market
Average List Price
$1,237,491
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Culver City
Nov 2015
Nov 2016
%Change
Median Price $437,000
$568,900
30%
59
59%
$40,114,105
86%
$679,900
16%
1838
0%
Properties Sold
37
Sales Volume $21,624,513
Average Sale Price
$584,446
Properties For Sale 1840
Average Days on Market
42
35
-17%
Months Supply of Inventory 50
31
-38%
$981,871
45%
Average List Price
$679,248
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Hancock Park
Nov 2015
Median Price $600,000
Nov 2016
%Change
$1,015,000
69%
54
-2%
$70,871,905
28%
$1,312,443
30%
3229
1%
48
48
0%
Months Supply of Inventory 58
60
3%
$1,739,600
98%
Properties Sold
55
Sales Volume $55,488,840
Average Sale Price
$1,008,888
Properties For Sale 3190
Average Days on Market
Average List Price
$879,591
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hollywood
Nov 2015
Nov 2016
%Change
Median Price $437,500
$499,500
14%
26
0%
Properties Sold
26
Sales Volume $12,879,170
Average Sale Price
$495,353
Properties For Sale 1110
$11,346,805
-12%
$436,416
-12%
1161
5%
54
56
4%
Months Supply of Inventory 43
45
5%
Average Days on Market
Average List Price
$653,908
$491,635
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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-25%
Hollywood Hills East
Nov 2015
Median Price $907,500
Properties Sold
20
Sales Volume $18,415,475
Average Sale Price
$920,774
Properties For Sale 1627
Average Days on Market
Nov 2016
%Change
$1,127,000
24%
33
65%
$35,855,345
95%
$1,086,526
18%
1631
0%
76
51
-33%
Months Supply of Inventory 81
49
-40%
$883,417
-4%
Average List Price
$921,798
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Los Feliz
Nov 2015 Median Price $1,078,014
Nov 2016 $1,167,750
8%
Properties Sold 20 Sales Volume $26,874,887
26
30%
$27,571,269
3%
$1,060,433
-21%
Average Sale Price
$1,343,744
Properties For Sale 1709
Average Days on Market
1726
%Change
1%
61
46
-25%
Months Supply of Inventory 85
66
-22%
$887,596
-20%
Average List Price
$1,112,717
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Malibu
Nov 2015
Median Price $16,000
Properties Sold
43
Sales Volume $51,398,795
Average Sale Price
$1,195,321
Properties For Sale 3772
Average Days on Market
111
Months Supply of Inventory 88
Average List Price
$1,567,958
Nov 2016
%Change
$218,500
1266%
31
-28%
$37,019,645
-28%
$1,194,182
0%
3712
-2%
82
-26%
120
36%
$2,972,168
90%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Malibu Beach
Nov 2015
Nov 2016
%Change
$13,250
-15%
10
-17%
$23,355,375
-36%
$2,335,538
-23%
1396
-1%
282
105
-63%
Months Supply of Inventory 118
140
19%
$5,320,220
-20%
Median Price $15,500
Properties Sold
12
Sales Volume $36,396,250
Average Sale Price
$3,033,021
Properties For Sale 1411
Average Days on Market
Average List Price
$6,668,262
*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
Nov 2015
Median Price $5,750
Properties Sold
53
Sales Volume $26,311,864
Average Sale Price
$496,450
Properties For Sale 1462
Average Days on Market
Nov 2016
%Change
$485,000
8335%
54
2%
$35,764,798
36%
$662,311
33%
1505
3%
57
49
-14%
Months Supply of Inventory 28
28
0%
$668,153
17%
Average List Price
$571,986
*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 2015
Nov 2016
%Change
Median Price $550,000
$655,000
19%
53
13%
$38,703,100
17%
$730,247
3%
2031
-2%
40
57
43%
Months Supply of Inventory 44
38
-14%
$694,446
-4%
Properties Sold
47
Sales Volume $33,173,669
Average Sale Price
$705,823
Properties For Sale 2064
Average Days on Market
Average List Price
$726,430
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Mid Wilshire
Nov 2015
Nov 2016
%Change
Median Price $531,000
$420,000
-21%
36
57%
$24,802,250
67%
$708,636
10%
1661
1%
Properties Sold
23
Sales Volume $14,850,000
Average Sale Price
$645,652
Properties For Sale 1646
Average Days on Market
56
37
-34%
Months Supply of Inventory 72
46
-36%
$772,131
-12%
Average List Price
$878,006
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Pacific Palisades
Nov 2015
Nov 2016
%Change
Median Price $455,000
$676,200
49%
36
0%
$68,131,760
63%
$1,892,549
63%
2521
1%
57
54
-5%
Months Supply of Inventory 69
70
1%
$2,252,524
21%
Properties Sold
36
Sales Volume $41,731,225
Average Sale Price
$1,159,201
Properties For Sale 2490
Average Days on Market
Average List Price
$1,865,859
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Palms
Nov 2015
Median Price $835,000
Properties Sold
41
Sales Volume $37,460,060
Average Sale Price
$913,660
Properties For Sale 2865
Average Days on Market
Nov 2016
%Change
$1,033,000
24%
53
29%
$65,588,299
75%
$1,237,515
35%
2902
1%
47
36
-23%
Months Supply of Inventory 70
55
-21%
Average List Price
$962,257
$1,005,385
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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4%
Playa Vista
Nov 2015
Nov 2016
%Change
Median Price $372,100
$815,000
119%
19
19%
$13,799,627
57%
$726,296
32%
132
43%
31
35%
7
17%
$347,394
-30%
Properties Sold
16
Sales Volume $8,794,650
Average Sale Price
$549,666
Properties For Sale 92
Average Days on Market
23
Months Supply of Inventory 6
Average List Price
$498,563
*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 2015
Median Price $8,000
Properties Sold
130
Sales Volume $115,013,092
Average Sale Price
$884,716
Properties For Sale 6062
Average Days on Market
Nov 2016
%Change
$712,500
8806%
102
-22%
$111,220,951
-3%
$1,090,401
23%
6128
1%
59
47
-20%
Months Supply of Inventory 47
60
28%
$886,767
-3%
Average List Price
$910,324
*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
Nov 2015
Nov 2016
%Change
Median Price $830,000
$750,000
-10%
49
-8%
$33,581,368
-27%
$685,334
-21%
Properties Sold
53
Sales Volume $46,160,787
Average Sale Price
$870,958
Properties For Sale 2615
2603
0%
61
69
13%
Months Supply of Inventory 49
53
8%
$763,596
-9%
Average Days on Market
Average List Price
$835,219
*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
Nov 2015
Nov 2016
%Change
Median Price $570,000
$857,500
50%
76
12%
$93,304,080
24%
$1,413,698
37%
4994
2%
57
62
9%
Months Supply of Inventory 67
76
13%
$1,589,928
0%
Properties Sold
68
Sales Volume $75,344,720
Average Sale Price
$1,032,119
Properties For Sale 4915
Average Days on Market
Average List Price
$1,593,334
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Venice
Nov 2015
Median Price $1,050,000
Properties Sold
48
Sales Volume $49,675,648
Average Sale Price
$1,034,909
Properties For Sale 2263
Average Days on Market
Nov 2016
%Change
$1,320,000
26%
38
-21%
$54,908,945
11%
$1,444,972
40%
2329
3%
73
60
-18%
Months Supply of Inventory 47
61
30%
$1,230,394
-3%
Average List Price
$1,267,847
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
West Hollywood
Nov 2015
Nov 2016
%Change
Median Price $350,000
$487,000
39%
68
5%
$45,159,700
41%
$664,113
35%
2665
1%
48
46
-4%
Months Supply of Inventory 41
39
-5%
$646,592
14%
Properties Sold
65
Sales Volume $32,003,086
Average Sale Price
$492,355
Properties For Sale 2635
Average Days on Market
Average List Price
$566,908
*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 2015
Nov 2016
%Change
Median Price $770,500
$780,000
1%
33
3%
Properties Sold
32
Sales Volume $24,343,445
Average Sale Price
$760,733
Properties For Sale 1449
$20,995,569
-14%
$636,229
-16%
1480
2%
49
48
-2%
Months Supply of Inventory 45
45
0%
Average Days on Market
Average List Price
$813,241
$649,996
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
-20%
Westwood - Century City
Nov 2015
Nov 2016
%Change
Median Price $450,000
$748,500
66%
112
7%
$120,382,773
87%
$1,074,846
75%
5464
1%
Properties Sold
105
Sales Volume $64,486,646
Average Sale Price
$614,159
Properties For Sale 5420
Average Days on Market
59
52
-12%
Months Supply of Inventory 52
49
-6%
$940,431
20%
Average List Price
$786,792
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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