Q1 2020 | Greater Los Angeles Market Update

Q1 | 2020

Greater Los Angeles

Market Update

MALIBU

MardeAmorEstate.com Offered at $115,000,000

STUDIO CITY HILLS

FrymanCanyonCompound.com Offered at $12,495,000

Greater Los Angles 06 08

Bel-Air | Holmby Hills

10

Beverly Hills

12

Beverly Hills Post Office

14 16 18 20 22 24 26 28 30 32 34 36 38

Market Snapshot

Brentwood Downtown Los Angeles Hancock Park | Wilshire

Los Feliz Malibu

Pacific Palisades Santa Monica

Silver Lake | Echo Park Sunset Strip | Hollywood Hills

Topanga The Valley Venice

West Hollywood

MALIBU

EncinalCyn.com Offered at $7,500,000

HOLMBY HILLS

255LaderaDrive.com Offered at $29,000,000 HOLLYWOOD HILLS

8854ThrasherAve.com Offered at $16,500,000 BRENTWOOD

543Moreno.com Offered at $7,500,000 BEVERLY HILLS

2700Hutton.com Offered at $5,495,000

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 CLAW MLS (From Malibu to Downtown Los Angeles). 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. Statistics based on Sotheby’s International Realty, Inc. 2018 sales. Sotheby’s International Realty DRE License Number: 899496.

Market Snapshot

Q1 2020 | Greater Los Angeles

MARKET SHARE BY VOL. Less than $1M

Greater LA & East Side $3,000,000

1,400

$2,500,000

1,200 1,000

$2,000,000

Greater than $5M

800

$1,500,000

600 $1,000,000

$1M - $5M

400

$500,000

200 0

$0 Q1 2016

Q1 2017

Q1 2018

Total Sol d Properties

Sales Volume by Price Category

7% 35 % 58 %

Median Price

Q1 2020 ASP

Median Selling Price vs. Average Selling Price vs. Total Units Sold

Under $1 Million

Average Selling Price

Over $5 Million

Median Sale Price

$1 Million to $5 Million

Total Units Sold

Los Angeles Q1 Market Update / Q1 Highlights / 6

Q1 2019

Comparison

by Neighborhood Q1 | Greater Los Angeles

GREATER LA: Q1 2020 Median Price $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 EAST SIDE MARKETS (TOTAL)

Downtown L.A.*

Westwood - Century City *

West Hollywood

Venice

Valley Village

Topanga

Sunset Strip - Hollywood Hills West

Studio City

Silver Lake - Echo Park

Sherman Oaks

Santa Monica

Pacific Palisades

Malibu

Los Feliz

Hancock Park - Wilshire

Glendale

Burbank

Brentwood

Beverly Hills Post Office

Beverly Hills

Bel Air - Holmby Hills

Median Selling Price

2.1m $ 7.0m $ 4.4m $ 4.3m $ 0.7m $

Bel-Air | Holmby Hills Beverly Hills Beverly Hills Post Office Brentwood Downtown Los Angeles *

1.9m $ 2.0m $ 4.1m $ 4.1m $ 2.9m $

Hancock Park / Wilshire Los Feliz Malibu Pacific Palisades

1.3m $ 3.6m $ 2.3m $ 2.2m $

Silver Lake | Echo Park Sunset Strip | Hollywood Hills Venice West Hollywood

Santa Monica

* Downtown Los Angeles and Westwood - Century City figures represent condo sales.

at a glance {Q1 | 2020}

bel-air | holmby hills

30

%

Change in Median Selling Price {2020 vs 2019}

92 Average Days on Market

26 Units Sold

2.1m

$

Median Selling Price

35

$6,000,000

30

$5,000,000

25

$4,000,000

20 $3,000,000 15 $2,000,000

10

$1,000,000

5 0

$0 Q1 2016

Q1 2017

Q1 2018

Q1 2019

Total Sol d Properties

Total Units Sold

Q1 2020

Median Price

Median Sales Price

ASP

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

{2020 vs 2019}

Change

30%

-

10%

9.0%

2020

$2,137,500

-3.8%

26

92

2019

$1,650,000

-3.2%

25

84

2018

$2,305,000

-4.4%

31

106

2017

$2,109,000

-4.1%

33

78

2016

$2,196,000

-3.7%

24

101

/

9 Bel Air | Holmby Hills

/ Los Angeles Q1 Market Update

45

$9,000,000

40

$8,000,000

35

$7,000,000

30

$6,000,000

25

$5,000,000

20

$4,000,000

15

$3,000,000

10

$2,000,000

5

$1,000,000 $0

0 Q1 2016

Q1 2017

Q1 2018

Q1 2019

Total Sol d Properties

Total Units Sold

Median Price

Median Sales Price

Q1 2020 ASP

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

{2020 vs 2019}

Change

-8.0%

-

64%

8.0%

2020

$6,250,000

-5.2%

41

83

2019

$6,820,000

-5.9%

25

77

2018

$6,602,500

-3.6%

32

81

2017

$5,362,500

-5.6%

34

110

2016

$4,270,000

-0.8%

40

72

Los Angeles Q1 Market Update / Beverly Hills / 10

at a glance {Q1 | 2020}

beverly hills

-8

%

Change in Median Selling Price {2020 vs 2019}

83 Average Days on Market

41 Units Sold

6.3m

$

Median Selling Price

at a glance {Q1 | 2020}

beverly hills post office

-10

%

Change in Median Selling Price {2020 vs 2019}

85 Average Days on Market

44 Units Sold

2.8m

$

Median Selling Price

50

$5,000,000

45

$4,500,000

40

$4,000,000

35

$3,500,000

30

$3,000,000

25

$2,500,000

20

$2,000,000

15

$1,500,000

10

$1,000,000 $500,000

5

$0

0 Q1 2016

Q1 2017

Q1 2018

Q1 2019

Total Sol d Properties

Total Units Sold

Q1 2020

Median Price

Median Sales Price

ASP

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

{2020 vs 2019}

Change

-10%

-

132%

-3.0%

2020

$2,831,133

-4.8%

44

85

2019

$3,136,820

-6.0%

19

88

2018

$2,407,000

-3.3%

33

93

2017

$2,655,000

-5.0%

20

69

2016

$2,445,000

-5.2%

25

85

/

13 Beverly Hills Post Office

/ Los Angeles Q1 Market Update

60

$6,000,000

50

$5,000,000

40

$4,000,000

30

$3,000,000

20

$2,000,000

10

$1,000,000 $0

0 Q1 2016

Q1 2017

Q1 2018

Total Sol d Properties

Total Units Sold

Q1 2019

Q1 2020

Median Price

Median Sales Price

ASP

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

{2020 vs 2019}

Change

-2.0%

-

-13%

26%

2020

$3,079,500

-4.2%

42

83

2019

$3,142,500

-4.2%

48

66

2018

$3,205,000

-2.6%

57

80

2017

$4,230,000

-3.2%

43

74

2016

$2,559,100

0.5%

42

85

Los Angeles Q1 Market Update / Brentwood / 14

at a glance {Q1 | 2020}

brentwood

-2

%

Change in Median Selling Price {2020 vs 2019}

83 Average Days on Market

42 Units Sold

3.0m

$

Median Selling Price

at a glance {Q1 | 2020}

downtown los angeles Condominium Units Only

-3

%

Change in Median Selling Price {2020 vs 2019}

66 Average Days on Market

117 Units Sold

585k

$

Median Selling Price

$900,000

140

$800,000

120

$700,000

100

$600,000 $500,000

80

$400,000

60

$300,000

40

$200,000

20

$100,000

0

$0 Q1 2016

Q1 2017

Q1 2018

Total Sol d Properties

Total Units Sold

Q1 2019

Median Price

Median Sales Price

Q1 2020 ASP

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. All Downtown Los Angeles figures represent condo sales. sothebyshomes.com/dtla

Q1

Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market

{2020 vs 2019}

Change

-3.0%

-

50%

-13%

2020

$585,000

-2.0%

117

66

2019

$605,000

-2.2%

78

76

2018

$612,500

-1.6%

108

69

2017

$607,750

-1.1%

96

67

2016

$600,000

-2.0%

63

83

/

17 Downtown Los Angeles

/ Los Angeles Q1 Market Update

70

$3,000,000

60

$2,500,000

50

$2,000,000

40 $1,500,000 30 $1,000,000

20

$500,000

10 0

$0 Q1 2016

Q1 2017

Q1 2018

Total Sol d Properties

Total Units Sold

Q1 2019

Q1 2020

Median Price

Median Sales Price

ASP

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

{2020 vs 2019}

Change

-4.0%

-

-8.0%

-9.0%

2020

$1,605,000

-1.2%

45

47

2019

$1,665,000

-1.2%

49

52

2018

$1,790,000

-0.2%

45

63

2017

$1,700,000

-1.5%

58

82

2016

$1,471,337

-1.2%

55

69

Los Angeles Q1 Market Update / Hancock Park | Wilshire/ 18

at a glance {Q1 | 2020}

hancock park/wilshire

-4

%

Change in Median Selling Price {2020 vs 2019}

47 Average Days on Market

45 Units Sold

1.6m

$

Median Selling Price

at a glance {Q1 | 2020}

los feliz

7

%

Change in Median Selling Price {2020 vs 2019}

45 Average Days on Market

39 Units Sold

1.8m

$

Median Selling Price

60

$2,500,000

50

$2,000,000

40

$1,500,000

30 $1,000,000 20 $500,000

10

$0

0 Q1 2016

Q1 2017

Q1 2018

Total Sol d Properties

Total Units Sold

Q1 2019

Q1 2020

Median Price

Median Sales Price

ASP

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

{2020 vs 2019}

Change

7.0%

-

15%

-23%

2020

$1,825,233

4.6%

39

45

2019

$1,710,000

-0.8%

34

58

2018

$1,725,000

1.8%

45

56

2017

$1,288,000

-3.2%

35

90

2016

$1,500,000

-1.7%

55

72

/

21 Los Feliz

/ Los Angeles Q1 Market Update

$5,000,000

60

$4,500,000

50

$4,000,000 $3,500,000

40

$3,000,000 $2,500,000

30

$2,000,000 20

$1,500,000 $1,000,000

10

$500,000 $0

0 Q1 2016

Q1 2017

Q1 2018

Total Sol d Properties

Total Units Sold

Q1 2019

Q1 2020

Median Price

Median Sales Price

ASP

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

{2020 vs 2019}

Change

-22%

-

42%

8.0%

2020

$2,752,500

-6.4%

34

109

2019

$3,545,000

-3.5%

24

101

2018

$2,862,500

-7.3%

50

134

2017

$2,936,500

-7.4%

50

141

2016

$2,860,000

-5.8%

52

117

Los Angeles Q1 Market Update / Malibu / 22

at a glance {Q1 | 2020}

malibu

-22

%

Change in Median Selling Price {2020 vs 2019}

109 Average Days on Market

34 Units Sold

2.8m

$

Median Selling Price

at a glance {Q1 | 2020}

pacific palisades

7

%

Change in Median Selling Price {2020 vs 2019}

69 Average Days on Market

40 Units Sold

3.3m

$

Median Selling Price

$4,500,000

60

$4,000,000

50

$3,500,000 $3,000,000

40

$2,500,000

30

$2,000,000 $1,500,000

20

$1,000,000

10

$500,000 $0

0 Q1 2016

Q1 2017

Q1 2018

Total Sol d Properties

Total Units Sold

Q1 2019

Q1 2020

Median Price

ASP

Median Sales Price

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

{2020 vs 2019}

Change

7.0%

-

21%

9.0%

2020

$3,291,250

-1.3%

40

69

2019

$3,080,000

-2.1%

33

63

2018

$3,285,344

-1.5%

46

51

2017

$2,895,000

-3.3%

57

78

2016

$2,724,000

-1.6%

57

65

/

25 Pacific Palisades

/ Los Angeles Q1 Market Update

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

$0 Q1 2016

Q1 2017

Q1 2018

Total Sol d Properties

Total Units Sold

Q1 2019

Q1 2020

Median Price

Median Sales Price

ASP

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

{2020 vs 2019}

Change

9.0%

-

41%

-5.0%

2020

$2,410,000

-1.1%

55

64

2019

$2,213,000

-1.5%

39

67

2018

$2,590,000

-1.4%

37

43

2017

$2,100,000

1.3%

63

59

2016

$2,995,000

-1.2%

48

53

Los Angeles Q1 Market Update / Santa Monica / 26

at a glance {Q1 | 2020}

santa monica

9

%

Change in Median Selling Price {2020 vs 2019}

64 Average Days on Market

55 Units Sold

2.4m

$

Median Selling Price

at a glance {Q1 | 2020}

silver lake / echo park

33

%

Change in Median Selling Price {2020 vs 2019}

53 Average Days on Market

71 Units Sold

1.3m

$

Median Selling Price

100

$1,400,000

90

$1,200,000

80

$1,000,000

70 60

$800,000

50 40

$600,000

30

$400,000

20

$200,000

10

$0

0 Q1 2016

Q1 2017

Q1 2018

Total Sol d Properties

Total Units Sold

Q1 2019 Median Price

Median Sales Price

Q1 2020 ASP

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

{2020 vs 2019}

Change

33%

-

15%

-4%

2020

$1,272,667

2.1%

71

53

2019

$957,500

1.7%

62

55

2018

$902,500

6.0%

80

56

2017

$965,000

1.7%

65

59

2016

$955,000

3.2%

86

62

/

29 Silver Lake | Echo Park

/ Los Angeles Q1 Market Update

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

0 Q1 2016

Q1 2017

Q1 2018

Total Sol d Properties

Total Units Sold

Q1 2019

Q1 2020

Median Price

Median Sales Price

ASP

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

{2020 vs 2019}

Change

6.0%

-

22%

-27%

2020

$2,187,500

-4.2%

90

82

2019

$2,058,500

-3.4%

74

65

2018

$1,850,000

-0.6%

93

65

2017

$1,677,777

-0.5%

113

79

2016

$1,745,000

-2.0%

111

87

Los Angeles Q1 Market Update / Sunset Strip | Hollywood Hills / 30

at a glance {Q1 | 2020}

sunset strip / hollywood hills

6

%

Change in Median Selling Price {2020 vs 2019}

82 Average Days on Market

90 Units Sold

2.2m

$

Median Selling Price

at a glance {Q1 | 2020}

TOPANGA

23

%

Change in Median Selling Price {2020 vs 2019}

60 Average Days on Market

23 Units Sold

1.4m

$

Median Selling Price

$1,800,000

25

$1,600,000 20

$1,400,000 $1,200,000

15

$1,000,000 $800,000

10

$600,000 $400,000

5

$200,000 0

$0 Q1 2016

Q1 2017

Q1 2018

Total Sol d Properties

Total Units Sold

Q1 2019

Q1 2020

Median Price

Median Sales Price

ASP

Average Selling Price

About

Topanga Known as a bohemian enclave attracting artists, musicians, filmmakers, and others, Topanga also boasts the beautiful, natural surroundings of the Santa Monica mountains. sothebyshomes.com/topanga

Q1

Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market

{2020 vs 2019}

Change

23%

-

15%

52%

2020

$1,399,000

0.6%

23

60

2019

$1,140,000

-0.6%

20

40

2018

$1,083,000

-2.3%

21

66

2017

$1,190,000

-2.1%

19

94

2016

$875,500

-2.5%

20

105

/

33 Silver Lake | Echo Park

/ Los Angeles Q1 Market Update

{Q1 | 2020}

the valley

Neighborhood Highlights Burbank

0

%

140

$1,200,000

120

$1,000,000

100

$800,000

80 $600,000 60 $400,000

40

$200,000

20 0

$0 Q1 2016

Q1 2017

Q1 2018

Total Sol d Properties

Total Units Sold

Q1 2019 Median Price

Median Sales Price

Q1 2020 ASP

Average Selling Price

Change in median sales price {2020 vs 2019}

39 97

Average DOM

Properties Sold

$908k

Median Selling Price

Studio City

20

%

90

$2,500,000

80 $2,000,000

70 60

$1,500,000

50 40

$1,000,000

30 20

$500,000

10 $0

0 Q1 2016

Q1 2017

Q1 2018

Total Sol d Properties

Total Units Sold

Q1 2019 Median Price

Median Sales Price

Q1 2020 ASP

Average Selling Price

Change in median sales price {2020 vs 2019}

49 57

Average DOM

Properties Sold

$1.9m

Median Selling Price

Sherman Oaks

9

%

160

$1,800,000

140

$1,600,000 $1,400,000

120

$1,200,000

100

$1,000,000

80

$800,000

60

$600,000

40

$400,000

20

$200,000

0

$0 Q1 2016

Q1 2017

Q1 2018

Total Sol d Properties

Total Units Sold

Q1 2019 Median Price

Median Sales Price

Q1 2020 ASP

Average Selling Price

Change in median sales price {2020 vs 2019}

53 111

Average DOM

Properties Sold

$1.3m

Median Selling Price

Valley Village

21

%

50

$1,600,000

45

$1,400,000

40

$1,200,000

35 30

$1,000,000

25

$800,000

20

$600,000

15

$400,000

10

$200,000

5

$0

0 Q1 2016

Q1 2017

Q1 2018

Total Sol d Properties

Total Units Sold

Q1 2019 Median Price

Median Sales Price

Q1 2020 ASP

Average Selling Price

Change in median sales price {2020 vs 2019}

61 43

Average DOM

Properties Sold

$1.1m

Median Selling Price

/

35 The Valley

/ Los Angeles Q1 Market Update

$3,000,000

50 45

$2,500,000

40 35

$2,000,000

30

$1,500,000

25 20

$1,000,000

15 10

$500,000

5 $0

0 Q1 2016

Q1 2017

Q1 2018

Total Sol d Properties

Total Units Sold

Q1 2019

Q1 2020

Median Price

Median Sales Price

ASP

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

{2020 vs 2019}

Change

0.0%

-

14%

-5.0%

2020

$2,140,000

-2.1%

42

60

2019

$2,150,000

-2.4%

37

63

2018

$2,000,000

-1.3%

42

71

2017

$1,675,000

-0.6%

47

54

2016

$1,900,000

-1.1%

43

57

Los Angeles Q1 Market Update / Venice / 34

at a glance {Q1 | 2020}

venice

0

%

Change in Median Selling Price {2020 vs 2019}

60 Average Days on Market

42 Units Sold

2.1m

$

Median Selling Price

at a glance {Q1 | 2020}

west hollywood

-5

%

Change in Median Selling Price {2020 vs 2019}

41 Average Days on Market

25 Units Sold

1.8m

$

Median Selling Price

35

$2,500,000

30

$2,000,000

25 $1,500,000

20 15

$1,000,000

10 $500,000

5 0

$0 Q1 2016

Q1 2017

Q1 2018

Total Sol d Properties

Total Units Sold

Q1 2019

Q1 2020

Median Price

ASP

Median Sales Price

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

{2020 vs 2019}

Change

-5.0%

-

19%

-15%

2020

$1,800,000

-1.1%

25

41

2019

$1,900,000

-1.6%

21

48

2018

$1,975,000

0.0%

29

53

2017

$1,480,000

-2.3%

25

74

2016

$1,585,000

-1.4%

31

56

/

39 West Hollywood

/ Los Angeles Q1 Market Update

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