Q1 | 2019
Greater Los Angeles
Market Update
BRENTWOOD
TheBarringtonResidence.com Offered at $21,500,000
MID-WILSHIRE
112NHarvard.com Offered at $1,495,000
Greater Los Angles 06 08
Bel-Air | Holmby Hills
10
Beverly Hills
12
Beverly Hills Post Office
14 16
22 24 26 28 30 32 34 36
Brentwood Downtown Los Angeles
18 20
Market Snapshot
Hancock Park | Wilshire Los Feliz Malibu
Pacific Palisades Santa Monica
Silver Lake | Echo Park Sunset Strip | Hollywood Hills
The Valley (San Fernando) Venice West Hollywood
BEL-AIR
931LindaFloraDr.com Offered at $15,995,000
VER 1. UPDATE DATA a message from
Michael Williamson
Regional Senior Vice President, Greater Los Angeles It is a pleasure to present the Greater Los Angeles Market Update for the first quarter of 2019. The Greater Los Angeles real estate market started the year with reduced sales, rising inventory and stable prices. According to the CLAW MLS, when comparing the first quarter of 2019 to the same time last year, average days on market for Greater LA decreased to 74 days, compared to 79 days the year prior, while both Malibu and Venice had an increase in average sale price by 8.9% and 12.8%, respectively. Since our flagship brokerage opened in Beverly Hills in 1995, Sotheby’s International Realty has had a white-gloved finger on the pulse of the real estate market. In the pages that follow is a thorough review of the Greater Los Angeles market with an in-depth analysis of each of the neighborhoods we serve. I hope that you enjoy exploring our quarterly market update and I invite you to discover more information online at sothebyshomes.com. If Sotheby’s International Realty can be of service to you in the sale or purchase of property in California or anywhere else, please call me at (310) 786-1801 so that I may personally introduce you to a local expert.
GREATER LOS ANGELES BROKERAGES
Beverly Hills | Brentwood | Los Feliz | Malibu | Pacific Palisades Santa Monica - Venice | Sunset Strip
sothebyshomes.com/socal All data within this document is pulled from the Los Angeles MLS. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc. Sotheby’s International Realty DRE License Number: 899496.
Market Snapshot
Q1 2019 | Greater Los Angeles
MARKET SHARE BY VOL. Closed Units vs ASP vs MSP
Greater than $5M
Less than $1M
$1M - $5M
$1,200,000
9,500
$1,000,000
9,000
$800,000
8,500
$600,000
8,000
$400,000
7,500
$200,000
7,000
$0
6,500
Q1 2015 Q1 2016 Q1 2017 Q1 2018 Q1 2019
Less than $1M
$1M - $5M
Greater than $5M
Sales Volume by Price Category 46 % 43% 11%
Median Selling Price vs. Average Selling Price vs. Total Units Sold
Under $1 Million
Average Selling Price
$1 Million to $5 Million
Median Sale Price
Over $5 Million
Total Units Sold
Los Angeles Q1 Market Update / Q1 Highlights / 6
1.5m $ 4.9m $ 3.1m $ 2.2m $ 0.6m
$
Bel-Air | Holmby Hills
Beverly Hills
Beverly Hills Post Office
Brentwood
Downtown Los Angeles
1m $ 1.7m $ 2.5m $ 2.6m $ 1.4m
$
Santa Monica
Los Feliz
Malibu
Pacific Palisades
Hancock Park / Wilshire
$
0.9m $ 1.9m $ 2.1m $ 1m
Venice
West Hollywood
Silver Lake | Echo Park
Sunset Strip | Hollywood Hills Westwood - Century City
West Hollywood Vicinity
West Hills
Venice
Valley Village
University City
Topanga
Toluca Lake
Sunset Strip - Hollywood Hills West
Median Selling Price Studio City
Silver Lake - Echo Park
Sherman Oaks
Santa Monica
Palms - Mar Vista
Palisades
Pacific Palisades
North Hollywood
Marina Del Rey
Manhattan Beach
Malibu Beach
Malibu
Los Feliz
Los Angeles
Long Beach
Hollywood Hills East
Hollywood
Hancock Park-Wilshire
Glendale
Encino
Downtown L.A.
Culver City
Burbank
Brentwood
Beverlywood Vicinity
Beverly Hills Post Office
Beverly Hills
Beverly Center-Miracle Mile
Bel Air - Holmby Hills
Comparison by Neighborhood Q1 | Greater Los Angeles
$6,000,000
GREATER LA MEDIAN PRICE
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$0
at a glance {Q1 | 2019}
bel-air | holmby hills
-33.6
%
Change in Median Selling Price {2019 vs 2018}
66 Average Days on Market
25 Units Sold
3.8m
$
Median Selling Price
Sold Prop. vs Avg. Price vs. Median Sales Price
Average Selling Price | Total Units Sold | Median Sales Price 50
$6,000,000
45 $5,000,000
40 35
$4,000,000
30 25
$3,000,000
20 $2,000,000
15 10
$1,000,000
5 -
$0
Q1 2015
Q1 2016
Median Sales Price
Q1 2017
Q1 2018
Total Units Sold
Q1 2019 Average Selling Price
About
Bel-Air & Holmby Hills Bel-Air’s stately gates off Sunset Boulevard lead down winding streets lined with lavish homes with lush vegetation. Popular with celebrities and entertainment industry elite, the neighborhood is home to the landmark Hotel Bel-Air, and offers a rare kind of seclusion in a non-stop city. sothebyshomes.com/belair
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2019 vs 2018}
Change
-33.6%
-
-13.8%
-28.9%
2019
$1,530,000
-6.8%
25
66
2018
$2,305,000
-7.4%
29
93
2017
$2,158,500
-7.3%
32
63
2016
$2,158,500
-6.1%
24
84
2015
$2,160,500
-8.1%
45
100
/
9 Bel Air | Holmby Hills
/ Los Angeles Q1 Market Update
Sold Prop. vs Avg. Price vs. Median Sales Price
Average Selling Price | Total Units Sold | Median Sales Price 80
$6,000,000
70
$5,000,000
60 $4,000,000
50 40
$3,000,000
30
$2,000,000
20 $1,000,000
10 -
$0
Q1 2015
Q1 2016
Median Sales Price
Q1 2017
Q1 2018
Total Units Sold
Q1 2019 Average Selling Price
About
Beverly Hills Whether you are an art aficionado or feel the lure of the unparalleled shopping of Rodeo Drive, Beverly Hills is known worldwide as a premier destination for luxury. sothebyshomes.com/beverlyhills
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2019 vs 2018}
Change
-69.2%
-
-24.0%
-6.4%
2019
$4,900,000
-6.9%
38
58
2018
$2,896,250
-3.9%
50
62
2017
$2,982,500
-6.0%
60
73
2016
$2,250,000
-3.5%
69
57
2015
$2,085,000
-3.5%
63
100
Los Angeles Q1 Market Update / Beverly Hills / 10
at a glance {Q1 | 2019}
beverly hills
69.2
%
Change in Median Selling Price {2019 vs 2018}
58 Average Days on Market
38 Units Sold
4.9m
$
Median Selling Price
at a glance {Q1 | 2019}
beverly hills post office
-32.0
%
Change in Median Selling Price {2019 vs 2018}
89 Average Days on Market
17 Units Sold
3.1m
$
Median Selling Price
Sold Prop. vs Avg. Price vs. Median Sales Price
Average Selling Price | Total Units Sold | Median Sales Price 40
$5,000,000 $4,500,000
35
$4,000,000
30
$3,500,000
25
$3,000,000
20
$2,500,000 $2,000,000
15
$1,500,000
10
$1,000,000
5
$500,000
-
$0
Q1 2015
Q1 2016
Median Sales Price
Q1 2017
Q1 2018
Q1 2019
Total Units Sold
Average Selling Price
About
Beverly Hills Post Office Beverly Hills Post Office is home to grand estates, mansions, as well as some of the most celebrated gated communities. The hillside location offers incredible views of the Los Angeles basin, Pacific Ocean, and Catalina Island. sothebyshomes.com/bhpo
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2019 vs 2018}
Change
-32.0%
-
-50.0%
15.6%
2019
$3,136,820
-10.4%
17
89
2018
$2,376,000
-5.3%
34
77
2017
$2,810,000
-5.3%
19
77
2016
$2,445,000
-8.0%
25
63
2015
$1,734,000
-10.4%
28
83
/
13 Beverly Hills Post Office
/ Los Angeles Q1 Market Update
Sold Prop. vs Avg. Price vs. Median Sales Price
Average Selling Price | Total Units Sold | Median Sales Price 120
$4,000,000 $3,500,000
100
$3,000,000 80
$2,500,000
60
$2,000,000 $1,500,000
40
$1,000,000 20
$500,000
-
$0
Q1 2015
Q1 2016
Q1 2017
Median Sales Price
Q1 2018
Q1 2019
Total Units Sold
Average Selling Price
About
Brentwood Brentwood is known for its palatial estates and laid-back California elegance. It’s the perfect enclave for dining at Katsu-ya or biking down San Vicente to the ocean. Perched on a hill above this chic neighborhood, take in the architecture and art on display at the Getty Center. sothebyshomes.com/brentwood
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2019 vs 2018}
Change
-6.9%
-
14.5%
-2.6%
2019
$2,240,000
-5.0%
71
53
2018
$2,405,170
2.6%
83
54
2017
$1,960,000
2.4%
77
44
2016
$1,430,000
-1.7%
101
59
2015
$1,115,000
1.4%
73
56
Los Angeles Q1 Market Update / Brentwood / 14
at a glance {Q1 | 2019}
brentwood
-6.9
%
Change in Median Selling Price {2019 vs 2018}
53 Average Days on Market
71 Units Sold
2.2m
$
Median Selling Price
at a glance {Q1 | 2019}
downtown los angeles
-0.8
%
Change in Median Selling Price {2019 vs 2018}
62 Average Days on Market
75 Units Sold
605k
$
Median Selling Price
Sold Prop. vs Avg. Price vs. Median Sales Price
Average Selling Price | Total Units Sold | Median Sales Price 120
$900,000 $800,000
100
$700,000
80
$600,000 $500,000
60
$400,000
40
$300,000 $200,000
20
$100,000
-
$0
Q1 2015
Q1 2016
Median Sales Price
Q1 2017
Q1 2019
Q1 2018
Total Units Sold
Average Selling Price
About
Downtown Los Angeles Downtown L.A. offers urban living at its finest, and is the heart of L.A.’s art boom which has put the city on the world stage of contemporary art. Gleaming new landmark lofts, a central business district, and popular revolving art attract thousands of new residents to every year. sothebyshomes.com/dtla
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2019 vs 2018}
Change
-0.8%
-
-25.7%
-2.4%
2019
$605,000
-3.8%
75
62
2018
$610,000
-2.4%
101
63
2017
$599,000
-3.1%
99
62
2016
$537,500
-1.2%
70
75
2015
$526,262
-2.0%
111
58
/
17 Downtown Los Angeles
/ Los Angeles Q1 Market Update
Sold Prop. vs Avg. Price vs. Median Sales Price
Average Selling Price | Total Units Sold | Median Sales Price 120
$1,800,000 $1,600,000
100
$1,400,000
80
$1,200,000 $1,000,000
60
$800,000
40
$600,000 $400,000
20
$200,000
-
$0
Q1 2015
Q1 2016
Median Sales Price
Q1 2017
Q1 2018
Q1 2019
Total Units Sold
Average Selling Price
About
Hancock Park/Wilshire Centrally located and surrounded by the Wilshire Country Club, Hancock Park boasts some of the best classical Los Angeles architecture, making it one of the most desirable areas in all of Southern California. sothebyshomes.com/hancockpark
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2019 vs 2018}
Change
10.8%
-
-1.3%
0.2%
2019
$1,055,000
-2.7%
75
42
2018
$952,000
-1.5%
76
42
2017
$1,045,000
-3.1%
97
58
2016
$907,500
-3.4%
86
49
2015
$889,000
-2.5%
81
50
Los Angeles Q1 Market Update / Hancock Park | Wilshire/ 18
at a glance {Q1 | 2019}
hancock park/wilshire
10.8
%
Change in Median Selling Price {2019 vs 2018}
42 Average Days on Market
75 Units Sold
1.0m
$
Median Selling Price
at a glance {Q1 | 2019}
los feliz
0.6
%
Change in Median Selling Price {2019 vs 2018}
40 Average Days on Market
33 Units Sold
1.7m
$
Median Selling Price
Sold Prop. vs Avg. Price vs. Median Sales Price
Average Selling Price | Total Units Sold | Median Sales Price 70
$2,000,000 $1,800,000
60
$1,600,000
50
$1,400,000 $1,200,000
40
$1,000,000 30
$800,000 $600,000
20
$400,000
10
$200,000
-
$0
Q1 2015
Q1 2016
Median Sales Price
Q1 2017
Q1 2018
Q1 2019
Total Units Sold
Average Selling Price
About
Los Feliz Los Feliz is a creative neighborhood with an independent vibe all its own. This historic neighborhood is steeped in architectural history, boasting homes designed by Richard Neutra, John Lautner, and Frank Lloyd Wright. sothebyshomes.com/losfeliz
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2019 vs 2018}
Change
-0.6%
-
-31.3%
-7.4%
2019
$1,695,000
0.6%
33
40
2018
$1,684,500
1.4%
48
44
2017
$1,258,500
-5.1%
36
72
2016
$1,420,000
-2.8%
59
58
2015
$1,208,758
-2.4%
54
50
/
21 Los Feliz
/ Los Angeles Q1 Market Update
Sold Prop. vs Avg. Price vs. Median Sales Price
Average Selling Price | Total Units Sold | Median Sales Price 60
$3,500,000
50
$3,000,000 $2,500,000
40
$2,000,000 30 $1,500,000 20
$1,000,000
10
$500,000
-
$0
Q1 2015
Q1 2016
Median Sales Price
Q1 2017
Q1 2018
Q1 2019
Total Units Sold
Average Selling Price
About
Malibu With nearly 27 miles of gorgeous coastline covered in pristine beaches, Malibu is one of the most storied oceanfront communities on the West Coast. The area offers long strands of private beaches, world-class surfing at Zuma and El Matador, and front-row seats to unforgettable sunsets. Malibu is both classic California and understated/rustic elegance. sothebyshomes.com/malibu
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2019 vs 2018}
Change
15.8%
-
-56.9%
-7.0%
2019
$2,547,500
-4.0%
22
86
2018
$2,200,000
-7.9%
51
93
2017
$2,670,000
-8.9%
46
118
2016
$1,717,187
-6.4%
51
85
2015
$1,925,000
-7.1%
48
117
Los Angeles Q1 Market Update / Malibu / 22
at a glance {Q1 | 2019}
malibu
15.8
%
Change in Median Selling Price {2019 vs 2018}
86 Average Days on Market
22 Units Sold
2.5m
$
Median Selling Price
at a glance {Q1 | 2019}
pacific palisades
-3.0
%
Change in Median Selling Price {2019 vs 2018}
50 Average Days on Market
48 Units Sold
2.6m
$
Median Selling Price
Sold Prop. vs Avg. Price vs. Median Sales Price
Average Selling Price | Total Units Sold | Median Sales Price 80
$4,000,000
70
$3,500,000
60
$3,000,000
50
$2,500,000
40
$2,000,000
30
$1,500,000
20
$1,000,000
10
$500,000
-
$0
Q1 2015
Q1 2016
Median Sales Price
Q1 2017
Q1 2018
Q1 2019
Total Units Sold
Average Selling Price
About
Pacific Palisades More a retreat than an urban neighborhood, the Palisades sits against a stunning backdrop with views of the Santa Monica mountains, the Pacific Coast, and several canyons that run between them. The Palisades are a green oasis within Los Angeles. sothebyshomes.com/pacificpalisades
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2019 vs 2018}
Change
-3.0%
-
-17.2%
-6.9%
2019
$2,640,000
-4.8%
48
50
2018
$2,723,000
-3.5%
58
54
2017
$2,575,000
-4.9%
68
63
2016
$2,483,258
-2.7%
74
40
2015
$2,711,500
-2.5%
67
48
/
25 Pacific Palisades
/ Los Angeles Q1 Market Update
Sold Prop. vs Avg. Price vs. Median Sales Price
Average Selling Price | Total Units Sold | Median Sales Price 160
$2,500,000
140 $2,000,000
120 100
$1,500,000
80 $1,000,000
60 40
$500,000
20 -
$0
Q1 2015
Q1 2016
Median Sales Price
Q1 2017
Q1 2018
Q1 2019
Total Units Sold
Average Selling Price
About
Santa Monica L.A.’s premier beach destination, Santa Monica blends urban energy, beach town atmosphere, and world-class oceanfront hotels like Shutters and Casa Del Mar, whose back yard is the glorious Pacific Ocean. sothebyshomes.com/santamonica
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2019 vs 2018}
Change
0.4%
-
-2.7%
53.1%
2019
$1,425,000
-1.8%
107
49
2018
$1,420,000
1.8%
110
32
2017
$1,486,000
0.2%
129
37
2016
$1,418,500
-1.6%
126
38
2015
$1,175,000
-0.6%
142
46
Los Angeles Q1 Market Update / Santa Monica / 26
at a glance {Q1 | 2019}
santa monica
0.4
%
Change in Median Selling Price {2019 vs 2018}
49 Average Days on Market
107 Units Sold
1.4m
$
Median Selling Price
at a glance {Q1 | 2019}
silver lake / echo park
-11.4
%
Change in Median Selling Price {2019 vs 2018}
42 Average Days on Market
70 Units Sold
$870k Median Selling Price
Sold Prop. vs Avg. Price vs. Median Sales Price
Average Selling Price | Total Units Sold | Median Sales Price 90
$1,400,000
80
$1,200,000
70 $1,000,000
60 50
$800,000
40
$600,000
30
$400,000
20 $200,000
10 -
$0
Q1 2015
Q1 2016
Median Sales Price
Q1 2017
Q1 2018
Total Units Sold
Q1 2019 Average Selling Price
About
Silver Lake/Echo Park Rock ‘n’ roll attitudes contrast the refined and modern homes of Silver Lake. This hilly neighborhood is one of L.A.’s most walkable areas and is home of its namesake reservoir and cutting-edge music scene. sothebyshomes.com/silverlake
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2019 vs 2018}
Change
-11.4%
-
2.9%
-14.6%
2019
$870,00
-0.4%
70
42
2018
$982,000
4.3%
68
49
2017
$925,000
0.9%
67
46
2016
$910,00
2.6%
83
47
2015
$755,000
3.7%
67
45
/
29 Silver Lake | Echo Park
/ Los Angeles Q1 Market Update
Sold Prop. vs Avg. Price vs. Median Sales Price
Average Selling Price | Total Units Sold | Median Sales Price 140
$3,000,000
120
$2,500,000
100
$2,000,000
80 $1,500,000 60 $1,000,000
40
$500,000
20 -
$0
Q1 2015
Q1 2016
Median Sales Price
Q1 2017
Q1 2018
Q1 2019
Total Units Sold
Average Selling Price
About
Sunset Strip/Hollywood Hills Hollywood’s fame is rooted in its cultural identity, peerless entertainment industry, and historical significance as the origin of American cinema. Get a perfect martini at Musso & Frank’s, which has been serving drinks since 1919 to the likes of Charlie Chaplin and William Faulkner, and then stroll down to the Roosevelt Hotel for a nightcap. sothebyshomes.com/sunsetstrip
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2019 vs 2018}
Change
5.5%
-
-17.1%
4.9%
2019
$1,875,000
-4.8%
87
52
2018
$1,777,777
-2.8%
105
50
2017
$1,595,000
-3.0%
129
54
2016
$1,475,000
-4.8%
128
60
2015
$1,585,000
-4.2%
113
67
Los Angeles Q1 Market Update / Sunset Strip | Hollywood Hills / 30
at a glance {Q1 | 2019}
sunset strip / hollywood hills
5.5
%
Change in Median Selling Price {2019 vs 2018}
52 Average Days on Market
87 Units Sold
1.9m
$
Median Selling Price
{Q1 | 2019}
the valley (san fernando)
Neighborhood Highlights Sold Prop. vs Avg. Price vs. Median Sales Price
Burbank
Average Selling Price | Total Units Sold | Median Sales Price 120
$1,000,000 $900,000
100
$800,000 $700,000
80
$600,000 60
$500,000 $400,000
40
$300,000 $200,000
20
$100,000 -
$0
Q1 2015
Q1 2016
Median Sales Price
Q1 2017
Q1 2018
Total Units Sold
Q1 2019
16.2
%
Change in median sales price {2019 vs 2018}
43 71
Average DOM
Properties Sold
$860k
Median Selling Price
Average Selling Price
Sold Prop. vs Avg. Price vs. Median Sales Price
Studio City
Average Selling Price | Total Units Sold | Median Sales Price 50
$1,200,000
1.1
%
Change in median sales price {2019 vs 2018}
45 $1,000,000
40 35
$800,000
30 25
$600,000
20 $400,000
15 10
$200,000
5 -
$0
Q1 2015
Q1 2016
Median Sales Price
Q1 2017
Q1 2018
Total Units Sold
Q1 2019 Average Selling Price
48 97
Average DOM
Properties Sold
$1.3M
Median Selling Price
Sold Prop. vs Avg. Price vs. Median Sales Price
Sherman Oaks
Average Selling Price | Total Units Sold | Median Sales Price 250
$1,400,000
9.9
%
Change in median sales price {2019 vs 2018}
$1,200,000
200
$1,000,000 150
$800,000 $600,000
100
$400,000 50
$200,000
-
$0
Q1 2015
Q1 2016
Median Sales Price
Q1 2017
Q1 2018
Total Units Sold
Q1 2019
54 143
Average DOM
Properties Sold
$1M
Median Selling Price
Average Selling Price
Sold Prop. vs Avg. Price vs. Median Sales Price
Valley Village
Average Selling Price | Total Units Sold | Median Sales Price 50
-1.7
%
$1,200,000
Change in median sales price {2019 vs 2018}
45 $1,000,000
40 35
$800,000
30 25
$600,000
20 $400,000
15 10
$200,000
5 -
$0
Q1 2015
Q1 2016
Median Sales Price
Q1 2017
Q1 2018
Total Units Sold
37 35
Average DOM
Properties Sold
$875k
Median Selling Price
Q1 2019 Average Selling Price
/
33 The Valley (San Fernando)
/ Los Angeles Q1 Market Update
Sold Prop. vs Avg. Price vs. Median Sales Price
Average Selling Price | Total Units Sold | Median Sales Price 60
$3,000,000
50
$2,500,000
40
$2,000,000
30
$1,500,000
20
$1,000,000
10
$500,000
-
$0
Q1 2015
Q1 2016
Median Sales Price
Q1 2017
Q1 2018
Total Units Sold
Q1 2019 Average Selling Price
About
Venice Welcome to the heart of Silicon Beach. Admire the street art and commissioned murals in old Venice, alongside a new community of creative entrepreneurs, startups, and venture capitalists. Stroll through Abbot Kinney, the “coolest block in America.� Explore the historic Venice Canals, a tranquil and hidden gem, and finish the evening with dinner at Gjelina. sothebyshomes.com/venice
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2019 vs 2018}
Change
6.5%
-
-18.4%
-25.1%
2019
$2,130,000
-5.7%
40
56
2018
$2,000,000
-5.1%
49
75
2017
$1,590,000
-1.3%
52
41
2016
$1,840,000
-3.5%
47
54
2015
$1,452,500
-3.4%
48
55
Los Angeles Q1 Market Update / Venice / 34
at a glance {Q1 | 2019}
venice
6.5
%
Change in Median Selling Price {2019 vs 2018}
56 Average Days on Market
40 Units Sold
2.1m
$
Median Selling Price
at a glance {Q1 | 2019}
west hollywood
10.3
%
Change in Median Selling Price {2019 vs 2018}
41 Average Days on Market
88 Units Sold
$962k Median Selling Price
Sold Prop. vs Avg. Price vs. Median Sales Price
Average Selling Price | Total Units Sold | Median Sales Price 140
$1,400,000
120
$1,200,000
100
$1,000,000
80
$800,000
60
$600,000
40
$400,000
20
$200,000
-
$0
Q1 2015
Q1 2016
Median Sales Price
Q1 2017
Q1 2018
Q1 2019
Total Units Sold
Average Selling Price
About
West Hollywood West Hollywood is a thriving, diverse community on the leading edge of culture, entertainment, and design. “WeHo” is home to the Pacific Design Center and ground zero for Los Angeles’s thriving Interior Design and Architectural community. sothebyshomes.com/westhollywood
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2019 vs 2018}
Change
10.3%
-
-15.4%
14.3%
2019
962,000
-2.1%
88
41
2018
$872,500
-0.7%
104
36
2017
$842,000
-2.0%
110
39
2016
$785,000
-2.3%
111
39
2015
$756,000
-3.1%
129
54
/
37 West Hollywood
/ Los Angeles Q1 Market Update
UNRIVALED
GLOBAL PERFORMANCE
Featured Property:
26962MCC.COM | MALIBU, CA Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc. SIR DRE License Number: 899496
$112 BILLION ANOTHER RECORD YEAR IN ANNUAL GLOBAL SALES IN 2018
990 22,500 72 OFFICES
AGENTS
COUNTRIES
1 3 OUT OF
OFFICES IS OUTSIDE OF THE UNITED STATES
31 MILLION VISITS TO SOTHEBYSREALTY.COM 13% INCREASE YEAR OVER YEAR
180,000 YOUTUBE SUBSCRIBERS SILVER CREATOR AWARD WINNER
Exceptional Diamonds. Curated by Sotheby’s.
LONDON HONG KONG NEW YORK. SOTHEBYSDIAMONDS.COM