Local Market Report September 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
Sept 2015
Median Price $1,599,500
Properties Sold
22
Sept 2016 $1,434,000
%Change -10%
22
0%
$45,994,245
3%
$2,090,648
3%
22
0%
82
64
-22%
Months Supply of Inventory 85
87
2%
Sales Volume $44,521,692
Average Sale Price
$2,023,713
Properties For Sale 22
Average Days on Market
Average List Price
$6,985,522
$2,795,374
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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-60%
Beverly Center - Miracle Mile
Sept 2015
Median Price $541,500
Sept 2016
%Change
$9,350
-98%
62
-3%
$48,697,070
22%
$785,437
26%
2909
3%
44
54
6%
Months Supply of Inventory 44
47
7%
$801,996
11%
Properties Sold
64
Sales Volume $39,795,292
Average Sale Price
$621,801
Properties For Sale 51
Average Days on Market
Average List Price
$719,837
*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 2015
Median Price $10,000
Properties Sold
57
Sales Volume $116,276,369
Average Sale Price
$2,039,936
Properties For Sale 2617
Sept 2016 $8,200 62
%Change -18% 9%
$49,381,931
-58%
$796,483
-61%
2690
3%
57
64
12%
Months Supply of Inventory 56
43
-7%
$2,983,941
-2%
Average Days on Market
Average List Price
$3,050,599
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Beverly Hills P.O.
Sept 2015
Median Price $1,400,000
Properties Sold
21
Sales Volume $58,039,302
Average Sale Price
$2,763,776
Properties For Sale 1587
Average Days on Market
Sept 2016
%Change
$1,542,000
10%
24
14%
$48,513,185
-16%
$2,021,383
-27%
1609
1%
68
50
-26%
Months Supply of Inventory 76
67
-12%
$2,021,383
-27%
Average List Price
$2,763,776
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Beverlywood
Sept 2015
Sept 2016
%Change
Median Price $927,500
$900,000
-3%
57
30%
$53,404,685
25%
$936,924
-4%
1566
0%
45
46
2%
Months Supply of Inventory 36
27
-25%
$1,348,827
64%
Properties Sold
44
Sales Volume $42,832,974
Average Sale Price
$973,477
Properties For Sale 1573
Average Days on Market
Average List Price
$822,380
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Brentwood
Sept 2015
Sept 2016
%Change
Median Price $615,000
$797,500
30%
72
18%
$98,816,945
39%
$1,372,458
18%
2916
-1%
60
52
-13%
Months Supply of Inventory 48
41
-15%
Properties Sold
61
Sales Volume $71,189,880
Average Sale Price
$1,167,047
Properties For Sale 2934
Average Days on Market
Average List Price
$2,176,805
$2,284,619
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
5%
Cheviot Hills - Rancho Park
Sept 2015
Median Price $1,560,000
Sept 2016
%Change
$2,330,000
49%
9
-31%
$15,280,000
-23%
$1,697,778
11%
669
1%
38
34
-11%
Months Supply of Inventory 51
74
45%
$1,897,830
41%
Properties Sold
13
Sales Volume $19,862,729
Average Sale Price
$1,527,902
Properties For Sale 661
Average Days on Market
Average List Price
$1,348,778
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Culver City
Sept 2015
Sept 2016
%Change
Median Price $664,500
$707,000
6%
65
3%
$49,647,722
11%
$763,811
7%
1876
1%
Properties Sold
63
Sales Volume $44,806,710
Average Sale Price
$711,218
Properties For Sale 1856
Average Days on Market
40
36
-10%
Months Supply of Inventory 29
29
0%
Average List Price
$747,327
$559,453
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
-25%
Hancock Park
Sept 2015
Sept 2016
%Change
Median Price $469,000
$579,000
23%
64
3%
$54,235,980
19%
$847,437
15%
3251
1%
45
56
24%
Months Supply of Inventory 52
51
-2%
$1,057,660
10%
Properties Sold
62
Sales Volume $45,649,565
Average Sale Price
$736,283
Properties For Sale 3211
Average Days on Market
Average List Price
$960,469
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hollywood
Sept 2015
Median Price $4,995
Sept 2016
%Change
$6,716
34%
43
0%
$18,075,107
12%
$420,351
12%
1094
1%
66
63
-5%
Months Supply of Inventory 25
25
0%
$657,089
9%
Properties Sold
43
Sales Volume $16,145,596
Average Sale Price
$375,479
Properties For Sale 1081
Average Days on Market
Average List Price
$600,663
*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 2015
Median Price $735,000
Sept 2016
%Change
$1,022,000
39%
21
5%
$18,836,370
38%
$896,970
31%
1621
0%
52
53
2%
Months Supply of Inventory 81
77
-5%
$1,290,614
77%
Properties Sold
20
Sales Volume $13,670,850
Average Sale Price
$683,543
Properties For Sale 1618
Average Days on Market
Average List Price
$731,000
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Los Feliz
Sept 2015 Median Price $1,100,000
Sept 2016
%Change
$829,000
-25%
Properties Sold 33 Sales Volume $37,732,895
32
-3%
$39,134,995
4%
$1,222,969
7%
1715
1%
48
66
38%
Months Supply of Inventory 51
54
6%
Average Sale Price
$1,143,421
Properties For Sale 1697
Average Days on Market
Average List Price
$1,816,697
$1,451,149
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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-20%
Malibu
Sept 2015
Sept 2016
%Change
Median Price $341,500
$700,000
105%
54
17%
$72,070,830
57%
$1,334,645
34%
3738
-2%
133
21%
69
-17%
$1,937,645
11%
Properties Sold
46
Sales Volume $45,920,420
Average Sale Price
$998,270
Properties For Sale 3801
Average Days on Market
110
Months Supply of Inventory 83
Average List Price
$1,741,292
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Malibu Beach
Sept 2015
Median Price $20,000
Properties Sold
15
Sales Volume $40,017,483
Average Sale Price
$2,667,832
Properties For Sale 1417
Average Days on Market
85
Months Supply of Inventory 94
Average List Price
$2,491,195
Sept 2016 $1,675,000
8275%
17
13%
$90,413,645
126%
$5,318,450
99%
1418
0%
187
120%
83
-12%
$3,526,434
42%
*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
Sept 2015
Median Price $154,375
Properties Sold
70
Sales Volume $38,056,970
Average Sale Price
$543,671
Properties For Sale 1462
Average Days on Market
Sept 2016
%Change
$9,000
-94%
49
-30%
$23,271,302
-39%
$474,925
-13%
1501
3%
68
57
-16%
Months Supply of Inventory 21
31
48%
$727,447
33%
Average List Price
$546,249
*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 2015
Sept 2016
%Change
Median Price $602,500
$569,000
-6%
63
-5%
$42,285,087
6%
$671,192
11%
2022
-1%
45
54
20%
Months Supply of Inventory 31
32
3%
$804,106
33%
Properties Sold
66
Sales Volume $39,889,350
Average Sale Price
$604,384
Properties For Sale 2052
Average Days on Market
Average List Price
$606,050
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Mid Wilshire
Sept 2015
Sept 2016
%Change
Median Price $391,500
$576,000
47%
48
118%
$40,654,745
234%
$846,974
53%
1657
1%
Properties Sold
22
Sales Volume $12,159,410
Average Sale Price
$552,700
Properties For Sale 1641
Average Days on Market
62
56
-10%
Months Supply of Inventory 75
35
-53%
$846,277
25%
Average List Price
$678,225
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Pacific Palisades
Sept 2015
Median Price $957,500
Sept 2016
%Change
$1,641,000
71%
44
-21%
$91,004,930
-1%
$2,068,294
26%
2522
1%
50
48
-4%
Months Supply of Inventory 45
57
27%
$2,698,109
20%
Properties Sold
56
Sales Volume $91,761,748
Average Sale Price
$1,638,603
Properties For Sale 2500
Average Days on Market
Average List Price
$2,239,729
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Palms
Sept 2015
Median Price $970,000
Sept 2016
%Change
$1,087,500
12%
58
5%
$64,078,734
28%
$1,104,806
21%
2920
2%
45
53
18%
Months Supply of Inventory 52
50
-4%
$1,072,429
22%
Properties Sold
55
Sales Volume $50,164,118
Average Sale Price
$912,075
Properties For Sale 2874
Average Days on Market
Average List Price
$881,215
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Playa Vista
Sept 2015
Sept 2016
%Change
Median Price $610,000
$407,600
-33%
22
-12%
$11,106,090
-15%
$504,822
-4%
129
65%
38
-17%
6
100%
Properties Sold
25
Sales Volume $13,102,995
Average Sale Price
$524,120
Properties For Sale 78
Average Days on Market
46
Months Supply of Inventory 3
Average List Price
$703,764
$765,913
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
9%
Santa Monica
Sept 2015
Median Price $14,750
Properties Sold
140
Sept 2016
%Change
$738,500
4907%
129
-8%
$129,515,496
48%
$1,011,840
62%
6130
1%
44
52
18%
Months Supply of Inventory 43
48
12%
$858,406
-31%
Sales Volume $87,276,574
Average Sale Price
$623,404
Properties For Sale 6082
Average Days on Market
Average List Price
$1,238,449
*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
Sept 2015
Sept 2016
%Change
Median Price $684,707
$799,000
17%
69
-1%
$52,414,005
24%
$759,623
26%
2598
0%
36
48
33%
Months Supply of Inventory 37
38
3%
$782,829
9%
Properties Sold
70
Sales Volume $42,238,998
Average Sale Price
$603,414
Properties For Sale 2611
Average Days on Market
Average List Price
$717,799
*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 2015
Sept 2016
%Change
Median Price $402,500
$725,000
80%
88
0%
$95,864,339
29%
$1,101,889
31%
4980
1%
Properties Sold
88
Sales Volume $74,055,695
Average Sale Price
$841,542
Properties For Sale 4933
Average Days on Market
80
71
-11%
Months Supply of Inventory 56
57
2%
$1,671,751
15%
Average List Price
$1,452,051
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Venice
Sept 2015
Median Price $1,130,000
Sept 2016
%Change
$1,419,500
26%
54
10%
$65,813,710
38%
$1,218,772
25%
2346
3%
54
58
7%
Months Supply of Inventory 46
43
-7%
$1,213,533
5%
Properties Sold
49
Sales Volume $47,798,627
Average Sale Price
$975,482
Properties For Sale 2277
Average Days on Market
Average List Price
$1,156,063
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
West Hollywood
Sept 2015
Sept 2016
%Change
Median Price $452,500
$495,000
9%
88
5%
$60,985,659
23%
$693,019
18%
4104
2%
48
45
-6%
Months Supply of Inventory 48
47
-2%
$907,334
26%
Properties Sold
84
Sales Volume $49,447,663
Average Sale Price
$588,663
Properties For Sale 4036
Average Days on Market
Average List Price
$721,568
*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 2015
Sept 2016
%Change
Median Price $430,000
$555,000
29%
57
12%
$32,868,239
50%
$576,636
34%
57
12%
36
41
14%
Months Supply of Inventory 28
26
-7%
$603,829
-13%
Properties Sold
51
Sales Volume $21,877,029
Average Sale Price
$428,961
Properties For Sale 51
Average Days on Market
Average List Price
$694,653
*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 2015
Sept 2016
%Change
Median Price $561,000
$545,000
-3%
117
-1%
$94,297,085
-17%
$805,958
-17%
5421
-1%
56
52
-7%
Months Supply of Inventory 46
46
0%
$1,304,739
69%
Properties Sold
118
Sales Volume $114,264,241
Average Sale Price
$968,341
Properties For Sale 5456
Average Days on Market
Average List Price
$771,753
*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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