Local Market Report September 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
Sept 2014
Median Price $2,355,000
Properties Sold
10
Sales Volume $41,050,000
Average Sale Price
$4,105,000
Properties For Sale 117
Average Days on Market
65
Months Supply of Inventory 12
Average List Price
$4,682,529
Sept 2015 $2,175,000
-8%
15
50%
$44,465,447
8%
$2,964,363
-28%
100
-15%
80
23%
7
-42%
$11,120,994
137%
*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
Sept 2014
Median Price $1,228,000
Properties Sold
31
Sales Volume $43,963,500
Average Sale Price
$1,418,177
Properties For Sale 87
Average Days on Market
59
Months Supply of Inventory 3
Average List Price
$1,322,874
Sept 2015
%Change
$802,500
-35%
22
-29%
$22,328,500
-49%
$1,014,932
-28%
75
-14%
$48
-19%
3
0%
$1,293,286
-2%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverly Hills
Sept 2014
Median Price $1,447,975
Properties Sold
26
Sales Volume $68,742,450
Average Sale Price
$2,643,940
Properties For Sale 132
Average Days on Market
77
Months Supply of Inventory 5
Average List Price
$6,803,271
Sept 2015 $1,930,000
33%
20
-23%
$109,738,900
60%
$5,486,945
108%
$111
-16%
$78
1%
6
20%
$8,122,150
19%
*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.
Sept 2014
Median Price $3,250,000
Properties Sold
7
Sales Volume $33,655,000
Average Sale Price
$4,807,857
Properties For Sale 131
Average Days on Market
66
Months Supply of Inventory 19
Average List Price
$2,760,430
Sept 2015 $2,025,000
-38%
16
129%
$59,186,902
76%
$3,699,181
-23%
123
-6%
70
6%
8
-58%
$6,175,679
124%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Beverlywood
Sept 2014
Sept 2015
%Change
Median Price $817,500
$973,000
19%
22
0%
$25,228,000
28%
$1,146,727
28%
56
-24%
39
-29%
3
0%
$1,219,426
16%
Properties Sold
22
Sales Volume $19,665,000
Average Sale Price
$893,864
Properties For Sale 74
Average Days on Market
55
Months Supply of Inventory 3
Average List Price
$1,051,931
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Brentwood
Sept 2014
Sept 2015
%Change
Median Price $999,000
$865,000
-13%
37
-21%
$63,817,200
-30%
$1,724,789
-11%
192
19%
70
-4%
5
67%
$3,586,919
39%
Properties Sold
47
Sales Volume $91,265,546
Average Sale Price
$1,941,820
Properties For Sale 162
Average Days on Market
73
Months Supply of Inventory 3
Average List Price
$2,589,024
*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
Sept 2014
Median Price $1,850,000
Properties Sold
3
Sales Volume $4,749,000
Average Sale Price
$1,583,000
Properties For Sale 23
Average Days on Market
30
Months Supply of Inventory 8
Average List Price
$2,196,667
Sept 2015 $2,296,580
24%
9
200%
$19,835,679
318%
$2,203,964
39%
18
-22%
34
13%
2
-75%
$1,895,538
-14%
*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
Sept 2014
Sept 2015
%Change
Median Price $700,000
$768,654
10%
89
0%
$41,066,435
33%
$821,329
25%
89
0%
42
-18%
2
0%
$890,266
32%
Properties Sold
89
Sales Volume $30,807,700
Average Sale Price
$655,483
Properties For Sale 89
Average Days on Market
51
Months Supply of Inventory 2
Average List Price
$673,155
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hancock Park
Sept 2014
Median Price $883,500
Properties Sold
26
Sales Volume $27,719,260
Average Sale Price
$1,066,125
Properties For Sale 188
Average Days on Market
63
Months Supply of Inventory 7
Average List Price
$1,118,690
Sept 2015 $1,000,000
13%
27
4%
$30,811,500
11%
$1,141,167
7%
167
-11%
$57
-10%
6
-14%
$1,368,043
22%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Hollywood
Sept 2014
Sept 2015
%Change
Median Price $650,000
$717,500
10%
14
8%
$11,591,900
13%
$827,993
5%
Properties Sold
13
Sales Volume $10,233,900
Average Sale Price
$787,223
Properties For Sale 83
Average Days on Market
104
Months Supply of Inventory 6
Average List Price
$849,846
59
-29%
81
-22%
4
-33%
$961,390
13%
*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
Sept 2014
Sept 2015
%Change
Median Price $825,000
$867,500
5%
Properties Sold
17
Sales Volume $15,011,237
Average Sale Price
$883,014
Properties For Sale 91
Average Days on Market
56
Months Supply of Inventory 5
Average List Price
$1,420,740
14
-18%
$12,950,000
-14%
$925,000 71
-22%
54
-4%
5
0%
$1,180,434
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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5%
-17%
Los Feliz
Sept 2014 Median Price $990,000
Sept 2015 $1,239,000
25%
Properties Sold 88 Sales Volume $37,693,498
75
-15%
$33,303,500
-12%
$1,585,881
-3%
75
-15%
44
16%
4
0%
$2,457,280
46%
Average Sale Price
$1,638,848
Properties For Sale 88
Average Days on Market
38
Months Supply of Inventory 4
Average List Price
$1,686,797
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Malibu
Sept 2014
Median Price $3,075,000
Properties Sold
24
Sales Volume $101,741,800
Average Sale Price
$4,239,242
Properties For Sale 228
Average Days on Market
108
Months Supply of Inventory 10
Average List Price
$2,967,200
Sept 2015 $1,735,000
-44%
21
-13%
$43,804,870
-57%
$2,085,946
-51%
202
-11%
86
-20%
10
0%
$3,350,263
13%
*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
Sept 2014
Median Price $7,575,000
Sept 2015
%Change
$5,000,000
-34%
5
25%
$39,677,500
55%
$7,935,500
24%
68
-23%
89
97
9%
Months Supply of Inventory 22
14
-36%
$8,031,249
37%
Properties Sold
4
Sales Volume $25,650,000
Average Sale Price
$6,412,500
Properties For Sale 88
Average Days on Market
Average List Price
$5,869,000
*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
Sept 2014
Sept 2015
%Change
Median Price $771,000
$810,000
5%
33
3%
$32,981,500
-2%
$999,439
-5%
88
-31%
65
-27%
3
-25%
$1,252,822
25%
Properties Sold
32
Sales Volume $33,521,000
Average Sale Price
$1,047,531
Properties For Sale 127
Average Days on Market
89
Months Supply of Inventory 4
Average List Price
$1,002,104
*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
Sept 2014
Sept 2015
%Change
Median Price $450,000
$537,500
19%
38
12%
$20,968,000
25%
$551,789
12%
105
-25%
38
-24%
3
-25%
$549,646
26%
Properties Sold
34
Sales Volume $16,729,499
Average Sale Price
$492,044
Properties For Sale 140
Average Days on Market
50
Months Supply of Inventory 4
Average List Price
$435,691
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Mid Wilshire
Sept 2014
Sept 2015
%Change
Median Price $540,000
$700,000
30%
6
-60%
$4,159,000
-51%
$693,167
24%
78
-17%
87
43%
13
117%
$651,616
39%
Properties Sold
15
Sales Volume $8,404,000
Average Sale Price
$560,267
Properties For Sale 94
Average Days on Market
61
Months Supply of Inventory 6
Average List Price
$469,254
*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 $2,162,500
Properties Sold
30
Sales Volume $105,583,234
Average Sale Price
$3,519,441
Properties For Sale 113
Average Days on Market
68
Months Supply of Inventory 4
Average List Price
$3,843,369
June 2015
%Change
$2,295,500
6%
31
3%
$90,945,663
-14%
$2,933,731
-17%
132
17%
51
-25%
4
0%
$3,933,900
2%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Palms
Sept 2014
Median Price $877,500
Properties Sold
44
Sales Volume $38,109,825
Average Sale Price
$866,132
Properties For Sale 126
Average Days on Market
49
Months Supply of Inventory 3
Average List Price
$1,133,517
Sept 2015 $1,125,000
28%
37
-16%
$40,737,000
7%
$1,101,000
27%
91
-28%
42
-14%
2
-33%
$1,141,072
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
1%
Playa Vista
Sept 2014
Sept 2015
%Change
Median Price $735,500
$770,000
5%
Properties Sold
17
Sales Volume $15,613,752
Average Sale Price
$918,456
Properties For Sale 35
Average Days on Market
61
Months Supply of Inventory 2
Average List Price
$938,730
13
-24%
$11,975,000
-23%
$921,154 9
-74%
65
7%
1
-50%
$1,202,503
28%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
0%
Santa Monica
Sept 2014
Median Price $1,421,000
Properties Sold
68
Sales Volume $115,739,696
Average Sale Price
$1,702,054
Properties For Sale 210
Average Days on Market
61
Months Supply of Inventory 3
Average List Price
$1,858,742
Sept 2015 $1,150,000
-19%
53
-22%
$71,240,700
-38%
$1,344,164
-21%
172
-18%
51
-16%
3
0%
$2,789,173
50%
*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
Sept 2014
Sept 2015
%Change
Median Price $800,000
$750,000
-6%
41
58%
$33,321,063
54%
$812,709
-2%
119
19%
36
-12%
3
-25%
$819,108
-10%
Properties Sold
26
Sales Volume $21,569,500
Average Sale Price
$829,596
Properties For Sale 100
Average Days on Market
41
Months Supply of Inventory 4
Average List Price
$913,050
*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
Sept 2014
Median Price $1,510,000
Properties Sold
42
Sales Volume $104,037,005
Average Sale Price
$2,477,072
Properties For Sale 282
Average Days on Market
95
Months Supply of Inventory 7
Average List Price
$2,567,772
Sept 2015 $1,180,000 43
-22% 2%
$71,624,490
-31%
$1,665,686
-33%
273
-3%
70
-26%
6
-14%
$2,490,396
-3%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Venice
Sept 2014
Median Price $1,170,000
Properties Sold
12
Sales Volume $15,707,265
Average Sale Price
$1,308,939
Properties For Sale 81
Average Days on Market
86
Months Supply of Inventory 7
Average List Price
$1,872,826
Sept 2015 $1,625,000
39%
24
100%
$43,477,850
177%
$1,811,577
38%
90
11%
78
-9%
4
-43%
$2,053,868
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
Sept 2014
Sept 2015
%Change
Median Price $739,250
$725,000
-2%
45
18%
$42,633,300
34%
$947,407
13%
147
-15%
54
-7%
3
-40%
$1,182,049
15%
Properties Sold
38
Sales Volume $31,788,645
Average Sale Price
$836,543
Properties For Sale 173
Average Days on Market
58
Months Supply of Inventory 5
Average List Price
$1,027,880
*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
Sept 2014
Sept 2015
%Change
Median Price $770,000
$780,000
1%
Properties Sold
87
Sales Volume $20,944,000
Average Sale Price
$805,538
Properties For Sale 87
Average Days on Market
52
Months Supply of Inventory 3
Average List Price
$817,467
66
-24%
$20,456,394
-2%
$852,350
6%
66
-24%
43
-17%
3
0%
$839,438
3%
*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
Sept 2014
Sept 2015
%Change
Median Price $892,500
$805,000
-10%
69
-12%
$98,637,151
-8%
$1,429,524
4%
256
-9%
68
-15%
4
0%
$1,525,274
-3%
Properties Sold
78
Sales Volume $106,723,675
Average Sale Price
$1,368,252
Properties For Sale 281
Average Days on Market
80
Months Supply of Inventory 4
Average List Price
$1,580,337
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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