Local Market Report October 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
Oct 2014
Median Price $1,895,000
Properties Sold
11
Sales Volume $33,685,200
Average Sale Price
$3,062,291
Properties For Sale 118
Average Days on Market
60
Months Supply of Inventory 11
Average List Price
$8,352,194
Oct 2015 $1,653,500
-13%
16
45%
$40,317,500
20%
$2,519,844
-18%
101
-14%
59
-2%
6
-45%
$6,482,662
-22%
*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
Oct 2014
Median Price $1,230,000
Properties Sold
29
Sales Volume $36,559,850
Average Sale Price
$1,260,684
Properties For Sale 80
Average Days on Market
61
Months Supply of Inventory 3
Average List Price
$1,339,472
Oct 2015
%Change
$974,000
-21%
22
-24%
$28,321,444
-23%
$1,287,338
2%
72
-10%
40
-34%
3
0%
$1,261,346
-6%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverly Hills
Oct 2014
Median Price $1,900,000
Properties Sold
21
Sales Volume $76,553,260
Average Sale Price
$3,645,393
Properties For Sale 132
Average Days on Market
70
Months Supply of Inventory 6
Average List Price
$5,370,348
Oct 2015 $2,574,500
36%
16
-24%
$45,703,930
-40%
$2,856,496
-22%
126
-5%
56
-20%
8
33%
$8,170,289
52%
*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.
Oct 2014
Median Price $2,060,000
Properties Sold
19
Sales Volume $49,331,039
Average Sale Price
$2,596,370
Properties For Sale 123
Average Days on Market
104
Months Supply of Inventory 6
Average List Price
$3,473,160
Oct 2015 $2,725,000
32%
17
-11%
$91,570,000
86%
$5,386,471
107%
111
-10%
74
-29%
7
17%
$6,017,161
73%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Beverlywood
Oct 2014
Median Price $879,000
Properties Sold
33
Sales Volume $35,994,150
Average Sale Price
$1,090,732
Properties For Sale 65
Average Days on Market
64
Months Supply of Inventory 2
Average List Price
$951,796
Oct 2015 $1,118,500
27%
16
-52%
$19,942,500
-45%
$1,246,406
14%
68
5%
60
-6%
4
100%
$1,219,973
28%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Brentwood
Oct 2014
Median Price $1,682,500
Properties Sold
44
Sales Volume $106,542,409
Average Sale Price
$2,421,418
Properties For Sale 167
Average Days on Market
53
Months Supply of Inventory 4
Average List Price
$2,401,427
Oct 2015 $1,026,500
-39%
42
-5%
$94,321,865
-11%
$2,245,759
-7%
168
1%
59
11%
4
0%
$3,552,038
48%
*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
Oct 2014
Median Price $1,820,000
Properties Sold
7
Sales Volume $12,858,120
Average Sale Price
$1,836,874
Properties For Sale 22
Average Days on Market
46
Months Supply of Inventory 3
Average List Price
$1,515,458
Oct 2015 $1,900,000
4%
2
-71%
$3,800,000
-70%
$1,900,000
3%
19
-14%
35
-24%
10
233%
$1,564,000
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
3%
Culver City
Oct 2014
Median Price $750,000
Properties Sold
47
Sales Volume $34,710,489
Average Sale Price
$738,521
Properties For Sale 96
Average Days on Market
49
Months Supply of Inventory 2
Average List Price
$689,257
Oct 2015
%Change
$780,00
4%
45
-4%
$37,225,500
7%
$827,233
12%
77
-20%
41
-16%
2
0%
$751,615
9%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hancock Park
Oct 2014
Median Price $925,000
Properties Sold
37
Sales Volume $52,585,016
Average Sale Price
$1,421,217
Properties For Sale 180
Average Days on Market
77
Months Supply of Inventory 5
Average List Price
$1,472,942
Oct 2015 $1,265,000
37%
39
5%
$63,564,425
21%
$1,629,857
15%
151
-16%
57
-26%
4
-20%
$1,555,370
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
6%
Hollywood
Oct 2014
Oct 2015
%Change
Median Price $704,515
$774,500
10%
12
-56%
$11,314,900
-45%
$942,908
24%
70
-3%
79
55%
6
100%
Properties Sold
27
Sales Volume $20,569,475
Average Sale Price
$761,832
Properties For Sale 72
Average Days on Market
51
Months Supply of Inventory 3
Average List Price
$821,299
$830,842
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
1%
Hollywood Hills East
Oct 2014
Median Price $1,026,000
Properties Sold
17
Sales Volume $18,593,050
Average Sale Price
$1,093,709
Properties For Sale 88
Average Days on Market
71
Months Supply of Inventory 5
Average List Price
$1,214,461
Oct 2015 $1,075,000
5%
17
0%
$19,478,000
5%
$1,145,765
5%
72
-18%
70
-1%
4
-20%
$1,228,545
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
1%
Los Feliz
Oct 2014 Median Price $1,255,000
Oct 2015 $1,505,000
20%
Properties Sold 18 Sales Volume $27,194,055
17
-6%
$34,741,900
28%
$2,043,641
35%
84
-8%
57
-21%
5
0%
$1,489,859
-8%
Average Sale Price
$1,510,781
Properties For Sale 91
Average Days on Market
72
Months Supply of Inventory 5
Average List Price
$1,622,161
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Malibu
Oct 2014
Median Price $1,975,000
Properties Sold
18
Sales Volume $52,221,000
Average Sale Price
$2,901,167
Properties For Sale 220
Average Days on Market
160
Months Supply of Inventory 12
Average List Price
$3,185,216
Oct 2015 $1,776,575 18
-10% 0%
$35,435,844
-32%
$1,968,658
-32%
188
-15%
116
-28%
10
-17%
$5,198,484
63%
*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
Oct 2014
Median Price $840,000
Properties Sold
7
Sales Volume $32,316,676
Average Sale Price
$4,616,668
Properties For Sale 81
Average Days on Market
216
Months Supply of Inventory 12
Average List Price
$3,632,727
Oct 2015 $2,300,004
174%
9
29%
$32,475,004
0%
$3,608,334
-22%
75
-7%
146
-32%
8
-33%
$6,012,368
66%
*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
Oct 2014
Oct 2015
%Change
Median Price $758,750
$962,000
27%
33
-8%
$40,520,250
37%
$1,227,886
50%
108
-14%
54
-11%
3
-25%
$1,289,185
33%
Properties Sold
36
Sales Volume $29,491,796
Average Sale Price
$819,217
Properties For Sale 126
Average Days on Market
61
Months Supply of Inventory 4
Average List Price
$971,960
*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
Oct 2014
Oct 2015
%Change
Median Price $428,200
$505,000
18%
35
-13%
$19,434,900
-3%
$555,283
11%
111
-18%
45
-27%
3
0%
$658,118
48%
Properties Sold
40
Sales Volume $19,981,750
Average Sale Price
$499,544
Properties For Sale 135
Average Days on Market
62
Months Supply of Inventory 3
Average List Price
$444,764
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Mid Wilshire
Oct 2014
Oct 2015
%Change
Median Price $442,500
$480,000
8%
23
92%
$12,299,800
135%
$534,774
23%
67
-29%
47
-28%
3
-63%
Properties Sold
12
Sales Volume $5,229,700
Average Sale Price
$435,808
Properties For Sale 95
Average Days on Market
65
Months Supply of Inventory 8
Average List Price
$560,808
$574,500
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
2%
Pacific Palisades
June 2014
Median Price $1,860,000
Properties Sold
31
Sales Volume $61,411,623
Average Sale Price
$1,981,020
Properties For Sale 118
Average Days on Market
61
Months Supply of Inventory 4
Average List Price
$3,157,128
June 2015
%Change
$2,555,000
37%
26
-16%
$73,742,892
20%
$2,836,265
43%
128
8%
60
-2%
5
25%
$3,949,381
25%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Palms
Oct 2014
Median Price $918,250
Properties Sold
52
Sales Volume $55,245,100
Average Sale Price
$1,062,406
Properties For Sale 113
Average Days on Market
49
Months Supply of Inventory 2
Average List Price
$1,113,079
Oct 2015 $1,100,000
20%
51
-2%
$55,724,344
1%
$1,092,634
3%
76
-33%
44
-10%
1
-50%
$1,288,064
16%
*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
Oct 2014
Oct 2015
%Change
Median Price $745,000
$997,500
34%
8
-47%
$10,455,850
-19%
$1,306,981
52%
14
-60%
32
-48%
2
0%
$1,275,857
51%
Properties Sold
15
Sales Volume $12,892,500
Average Sale Price
$859,500
Properties For Sale 35
Average Days on Market
61
Months Supply of Inventory 2
Average List Price
$843,307
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Santa Monica
Oct 2014
Median Price $1,239,500
Properties Sold
88
Sales Volume $145,679,130
Average Sale Price
$1,655,445
Properties For Sale 209
Average Days on Market
46
Months Supply of Inventory 2
Average List Price
$1,770,980
Oct 2015 $1,260,000
2%
54
-39%
$86,943,289
-40%
$1,610,061
-3%
176
-16%
75
63%
3
50%
$1,986,251
12%
*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
Oct 2014
Oct 2015
%Change
Median Price $741,000
$755,000
2%
45
13%
$35,089,624
-19%
$779,769
-28%
107
20%
40
-23%
2
0%
$991,559
14%
Properties Sold
40
Sales Volume $43,222,027
Average Sale Price
$1,080,551
Properties For Sale 89
Average Days on Market
52
Months Supply of Inventory 2
Average List Price
$870,290
*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
Oct 2014
Median Price $1,655,000
Properties Sold
48
Sales Volume $108,027,563
Average Sale Price
$2,250,574
Properties For Sale 276
Average Days on Market
85
Months Supply of Inventory 6
Average List Price
$2,813,635
Oct 2015 $1,675,000
1%
42
-13%
$81,093,600
-25%
$1,930,800
-14%
288
4%
65
-24%
7
17%
$3,194,132
14%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Venice
Oct 2014
Median Price $1,387,500
Properties Sold
22
Sales Volume $45,379,750
Average Sale Price
$2,062,716
Properties For Sale 89
Average Days on Market
67
Months Supply of Inventory 4
Average List Price
$1,935,164
Oct 2015 $1,685,000
21%
24
9%
$47,568,000
5%
$1,982,000
-4%
80
-10%
48
-28%
3
-25%
$2,222,333
15%
*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
Oct 2014
Oct 2015
%Change
Median Price $594,500
$615,000
3%
43
26%
$32,946,960
39%
$766,208
10%
133
-17%
50
-26%
3
-40%
$1,152,755
28%
Properties Sold
34
Sales Volume $23,735,675
Average Sale Price
$698,108
Properties For Sale 160
Average Days on Market
68
Months Supply of Inventory 5
Average List Price
$900,083
*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
Oct 2014
Oct 2015
%Change
Median Price $773,750
$760,000
-2%
23
-32%
$17,240,444
-38%
$749,585
-8%
63
-28%
47
-11%
3
0%
$919,887
31%
Properties Sold
34
Sales Volume $27,789,786
Average Sale Price
$817,347
Properties For Sale 88
Average Days on Market
53
Months Supply of Inventory 3
Average List Price
$700,950
*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
Oct 2014
Oct 2015
%Change
Median Price $757,000
$840,000
11%
61
-13%
$103,748,077
22%
$1,700,788
40%
243
-11%
71
-12%
4
0%
$1,834,481
26%
Properties Sold
70
Sales Volume $85,035,350
Average Sale Price
$1,214,791
Properties For Sale 273
Average Days on Market
81
Months Supply of Inventory 4
Average List Price
$1,456,800
*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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