Q3 | 2019
Greater Los Angeles
Market Update
BEVERLY HILLS
809NRexford.com Offered at $25,000,000
BEVERLY HILLS
510HillcrestRd.com Offered at $9,250,000
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
BRENTWOOD
543Moreno.com Offered at $8,250,000
BHPO
44BeverlyParkCircle.com Offered at $30,000,000 HOLLYWOOD HILLS WEST
9353NightingaleDrive.com Offered at $10,500,000 BEVERLY HILLS
510HillcrestRd.com Offered at $8,995,000 MALIBU
6902Wildlife.com Offered at $14,995,000
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
Q3 2019 | Greater Los Angeles
MARKET SHARE BY VOL.
Greater than $5M
Less than $1M
$1M - $5M
Closed Units vs ASP vs MSP $1,200,000
13,000
$1,000,000
12,500
$800,000
12,000
$600,000
11,500
$400,000
11,000
$200,000
10,500
$0
10,000
Q3 2015
Less than $1M
$1M - $5M
Greater than $5M
Sales Volume by Price Category 21 % 21 % 58 %
Q3 2016
PROPERTIES SOLD
Q3 2017 ASP
Q3 2019
MEDIAN SALES PRICE
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 Q3 Market Update / Q3 Highlights / 6
Q3 2018
Comparison by Neighborhood Q3 | Greater Los Angeles
$5,000,000
GREATER LA MEDIAN PRICE $4,500,000
$4,000,000
$3,500,000
$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
EAST SIDE MARKETS (TOTAL) Westwo od - Century City West Hollywood Vi cinity West Hills Venice Val ley Village University City Topanga Toluca Lake Sunset Strip - Holl ywood Hills West Studio City Silver Lake - Echo Park Sherman Oaks Santa Monica Palms - Mar Vista Palisades Pacific Palisades North Hollywood Marina Del Rey Manhattan Beach Mali bu Beach Mali bu Los Feliz Los Angeles Long Beach
Downtown Los Angeles
Hollywo od Hills East
West Hollywood
Pacific Palisades
Brentwood
Hollywo od
Venice
Malibu
Beverly Hills Post Office
Hancock Park-Wilshire
Sunset Strip | Hollywood Hills
Los Feliz
Beverly Hills
Glendale Encino Do wntown L.A. Culver City Burbank Brentwood Beverlywood Vicinity Beverly Hills Post Office Beverly Hills
Santa Monica
Silver Lake | Echo Park
1.1m $ 1.7m $ 2.0m $ 1.0m
$
Hancock Park / Wilshire
1.3m $ 1.5m $ 1.7m $ 2.8m $ 1.6m
$
Bel-Air | Holmby Hills
2.2m $ 4.7m $ 2.9m $ 2.0m $ 0.6m
$
Beverly Center-Miracl e Mile Bel Air - Hol mby Hi lls
Median Selling Price
at a glance {Q3 | 2019}
BEL-AIR | HOLMBY HILLS
-25.6
%
Change in Median Selling Price {2019 vs 2018}
61 Average Days on Market
46 Units Sold
2.2m
$
Median Selling Price
Sold Prop. vs Avg. Price vs. Median Sales Price 60
$4,500,000 $4,000,000
50
$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 Q3 2015
Q3 2016
Q3 2017
PROPERTIES SOLD
Total Units Sold
Q3 2018 ASP
Q3 2019
MEDIAN SALES PRICE
Median Sales Price
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
Q3
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2019 vs 2018}
Change
-25.6%
-
43.8%
6.7%
2019
$2,170,500
-6.6%
46
61
2018
$2,917,500
-6.8%
32
57
2017
$2,149,313
-5.6%
48
71
2016
$2,172,500
-7.0%
44
60
2015
$1,980,000
-3.4%
44
52
/
9 Bel Air | Holmby Hills
/ Los Angeles Q3 Market Update
Sold Prop. vs Avg. Price vs. Median Sales Price 80
$7,000,000
70
$6,000,000
60
$5,000,000
50
$4,000,000
40
$3,000,000
30
$2,000,000
20
$1,000,000
10
$0
0 Q3 2015
Q3 2016
Q3 2017
PROPERTIES SOLD
Total Units Sold
Q3 2018 ASP
Q3 2019
MEDIAN SALES PRICE
Median Sales Price
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
Q3
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2019 vs 2018}
Change
46.6%
-
1.8%
45.9%
2019
$4,725,000
-7.2%
57
77
2018
$3,222,800
-3.4%
56
53
2017
$2,330,000
-3.5%
63
57
2016
$2,095,000
-4.0%
52
53
2015
$1,980,000
-5.0%
73
70
Los Angeles Q3 Market Update / Beverly Hills / 10
at a glance {Q3 | 2019}
BEVERLY HILLS
46.6
%
Change in Median Selling Price {2019 vs 2018}
77 Average Days on Market
57 Units Sold
4.7m
$
Median Selling Price
at a glance {Q3 | 2019}
BEVERLY HILLS POST OFFICE
1.3
%
Change in Median Selling Price {2019 vs 2018}
76 Average Days on Market
34 Units Sold
2.9m
$
Median Selling Price
Sold Prop. vs Avg. Price vs. Median Sales Price 50
$5,000,000
45 40 35
$4,500,000 $4,000,000 $3,500,000
30 25
$3,000,000 $2,500,000
20 15
$2,000,000 $1,500,000
10 5
$1,000,000 $500,000
0
$0 Q3 2015
Q3 2016
Q3 2017
PROPERTIES SOLD
Total Units Sold
Q3 2018 ASP
Q3 2019
MEDIAN SALES PRICE
Median Sales Price
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
Q3
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2019 vs 2018}
Change
1.3%
-
-20.9%
4.7%
2019
$2,938,140
-6.4%
34
76
2018
$2,900,000
-5.4%
43
72
2017
$3,050,000
-9.4%
45
76
2016
$2,475,000
-5.4%
40
57
2015
$2,525,000
-4.3%
42
68
/
13 Beverly Hills Post Office
/ Los Angeles Q3 Market Update
Sold Prop. vs Avg. Price vs. Median Sales Price 130
$4,000,000
125
$3,500,000 $3,000,000
120
$2,500,000
115
$2,000,000
110
$1,500,000
105
$1,000,000
100
$500,000
95
$0 Q3 2015
Q3 2016
Q3 2017
PROPERTIES SOLD
Total Units Sold
Q3 2018 ASP
Q3 2019
MEDIAN SALES PRICE
Median Sales Price
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
Q3
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2019 vs 2018}
Change
-6.5%
-
-15.6%
22.9%
2019
$1,987,500
-3.4%
108
53
2018
$2,125,000
-2.3%
128
43
2017
$1,918,505
-2.5%
121
41
2016
$1,710,000
-1.7%
125
41
2015
$1,170,000
-1.9%
115
44
Los Angeles Q3 Market Update / Brentwood / 14
at a glance {Q3 | 2019}
BRENTWOOD
-6.5
%
Change in Median Selling Price {2019 vs 2018}
53 Average Days on Market
108 Units Sold
2
$ m Median Selling Price
at a glance {Q3 | 2019}
DOWNTOWN LOS ANGELES
-8.5
%
Change in Median Selling Price {2019 vs 2018}
53 Average Days on Market
93 Units Sold
618k
$
Median Selling Price
Sold Prop. vs Avg. Price vs. Median Sales Price $900,000
140
$800,000
120
$700,000
100
$600,000
80
$500,000
60
$400,000 $300,000
40
$200,000
20
$100,000
0
$0 Q3 2015
Q3 2016
Q3 2017
PROPERTIES SOLD
Total Units Sold
Q3 2018
ASP
Q3 2019
MEDIAN SALES PRICE
Median Sales Price
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
Q3
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2019 vs 2018}
Change
-8.5%
-
-8.8%
3.5%
2019
$617,500
-3.3%
93
53
2018
$675,000
-3.1%
102
51
2017
$619,250
-1.8%
126
58
2016
$519,500
-2.7%
105
48
2015
$545,000
-2.9%
111
46
/
17 Downtown Los Angeles
/ Los Angeles Q3 Market Update
Sold Prop. vs Avg. Price vs. 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
$0 Q3 2015
Q3 2016
Q3 2017
PROPERTIES SOLD
Total Units Sold
Q3 2018 ASP
Q3 2019
MEDIAN SALES PRICE
Median Sales Price
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
Q3
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2019 vs 2018}
Change
-15.3%
-
16.1%
64.7%
2019
$1,310,500
-3.8%
108
50
2018
$1,547,906
-0.5%
93
30
2017
$1,270,000
-2.2%
113
50
2016
$1,025,000
-1.6%
135
43
2015
$990,000
-1.0%
102
38
Los Angeles Q3 Market Update / Hancock Park | Wilshire/ 18
at a glance {Q3 | 2019}
HANCOCK PARK/WILSHIRE
-15.3
%
Change in Median Selling Price {2019 vs 2018}
50 Average Days on Market
108 Units Sold
1.3m
$
Median Selling Price
at a glance {Q3 | 2019}
LOS FELIZ
-14.1
%
Change in Median Selling Price {2019 vs 2018}
41 Average Days on Market
49 Units Sold
1.5m
$
Median Selling Price
Sold Prop. vs Avg. Price vs. Median Sales Price 80
$2,500,000
70
$2,000,000
60 50
$1,500,000
40 $1,000,000
30 20
$500,000
10 0
$0 Q3 2015
Q3 2016
Q3 2017
PROPERTIES SOLD
Total Units Sold
Q3 2018 ASP
Q3 2019
MEDIAN SALES PRICE
Median Sales Price
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
Q3
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2019 vs 2018}
Change
-14.1%
-
0%
37.9%
2019
$1,467,000
1.2%
49
41
2018
$1,708,500
1.2%
49
30
2017
$1,667,000
-0.6%
55
44
2016
$1,387,500
-1.2%
62
38
2015
$1,350,000
-0.9%
71
34
/
21 Los Feliz
/ Los Angeles Q3 Market Update
Sold Prop. vs Avg. Price vs. Median Sales Price 80
$3,500,000
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 Q3 2015
Q3 2016
Q3 2017
PROPERTIES SOLD
Total Units Sold
Q3 2018 ASP
Q3 2019
MEDIAN SALES PRICE
Median Sales Price
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
Q3
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2019 vs 2018}
Change
-26.0%
-
-39.0%
15.1%
2019
$1,740,000
-10.2%
36
87
2018
$2,350,000
-7.9%
59
75
2017
$2,620,000
-9.1%
67
114
2016
$2,247,500
-9.1%
63
127
2015
$1,735,000
-3.7%
56
70
Los Angeles Q3 Market Update / Malibu / 22
at a glance {Q3 | 2019}
MALIBU
-26
%
Change in Median Selling Price {2019 vs 2018}
87 Average Days on Market
36 Units Sold
1.7m
$
Median Selling Price
at a glance {Q3 | 2019}
PACIFIC PALISADES
5
%
Change in Median Selling Price {2019 vs 2018}
38 Average Days on Market
85 Units Sold
2.8m
$
Median Selling Price
Sold Prop. vs Avg. Price vs. Median Sales Price 100
$4,000,000
90 80
$3,500,000
70 60
$2,500,000
$3,000,000
$2,000,000
50 40 30
$1,500,000 $1,000,000
20 10
$500,000
0
$0 Q3 2015
Q3 2016
Q3 2017
PROPERTIES SOLD
Total Units Sold
Q3 2018 ASP
Q3 2019
MEDIAN SALES PRICE
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
Q3
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2019 vs 2018}
Change
5.0%
-
28.8%
-4.9%
2019
$2,845,000
-4.2%
85
38
2018
$2,710,139
-4.2%
66
40
2017
$2,800,000
-3.4%
91
43
2016
$2,523,750
-1.7%
94
37
2015
$2,441,500
-1.3%
95
39
/
25 Pacific Palisades
/ Los Angeles Q3 Market Update
Sold Prop. vs Avg. Price vs. Median Sales Price 250
$2,500,000
200
$2,000,000
150
$1,500,000
100
$1,000,000
50
$500,000
0
$0 Q3 2015
Q3 2016
Q3 2017
PROPERTIES SOLD
Total Units Sold
Q3 2018 ASP
Q3 2019
MEDIAN SALES PRICE
Median Sales Price
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
Q3
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2019 vs 2018}
Change
9.0%
-
-0.7%
37.6%
2019
$1,634,500
-2.6%
142
44
2018
$1,500,000
-0.9%
143
32
2017
$1,417,500
0.5%
168
27
2016
$1,257,500
-0.8%
170
32
2015
$1,295,000
-0.4%
193
32
Los Angeles Q3 Market Update / Santa Monica / 26
at a glance {Q3 | 2019}
SANTA MONICA
9
%
Change in Median Selling Price {2019 vs 2018}
44 Average Days on Market
142 Units Sold
1.6m
$
Median Selling Price
at a glance {Q3 | 2019}
SILVER LAKE / ECHO PARK
12.2
%
Change in Median Selling Price {2019 vs 2018}
31 Average Days on Market
94 Units Sold
1.1m
$
Median Selling Price
Sold Prop. vs Avg. Price vs. Median Sales Price 120
$1,400,000
100
$1,200,000 $1,000,000
80
$800,000
60
$600,000
40
$400,000
20
$200,000 $0
0 Q3 2015
Q3 2016
Q3 2017
PROPERTIES SOLD
Total Units Sold
Q3 2018 ASP
Q3 2019
MEDIAN SALES PRICE
Median Sales Price
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
Q3
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2019 vs 2018}
Change
12.2%
-
-2.1%
1.5%
2019
$1,136,500
3.8%
94
31
2018
$1,012,500
0.4%
96
30
2017
$1,044,500
4.4%
106
37
2016
$862,500
1.6%
114
32
2015
$775,000
4.3%
95
26
/
29 Silver Lake | Echo Park
/ Los Angeles Q3 Market Update
Sold Prop. vs Avg. Price vs. Median Sales Price 150
$3,000,000
145
$2,500,000
140
$2,000,000
135
$1,500,000
130
$1,000,000
125
$500,000
120 115
$0 Q3 2015
Q3 2016
Q3 2017
PROPERTIES SOLD
Total Units Sold
Q3 2018 ASP
Q3 2019
MEDIAN SALES PRICE
Median Sales Price
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
Q3
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2019 vs 2018}
Change
2.8%
-
1.6%
6.5%
2019
$1,860,000
-5.4%
129
58
2018
$1,810,000
-4.4%
127
54
2017
$1,639,500
-3.6%
137
50
2016
$1,485,000
-4.8%
137
57
2015
$1,400,000
-3.0%
147
47
Los Angeles Q3 Market Update / Sunset Strip | Hollywood Hills / 30
at a glance {Q3 | 2019}
SUNSET STRIP / HOLLYWOOD HILLS
2.8
%
Change in Median Selling Price {2019 vs 2018}
58 Average Days on Market
129 Units Sold
1.9m
$
Median Selling Price
{Q3 | 2019}
THE VALLEY (SAN FERNANDO)
Neighborhood Highlights Burbank
3.2
%
Sold Prop. vs Avg. Price vs. Median Sales Price 160
$1,000,000
140
$900,000 $800,000
120
$700,000 $600,000
100 80
$500,000 $400,000 $300,000
60 40
$200,000 $100,000
20 0
$0 Q3 2015
Q3 2016
Q3 2017
PROPERTIES SOLD
Total Units Sold
Q3 2018 ASP
Q3 2019
MEDIAN SALES PRICE
Median Sales Price
Average Selling Price
Change in median sales price {2019 vs 2018}
37 109
Average DOM
Properties Sold
$807k
Median Selling Price
Studio City
10.1
%
Sold Prop. vs Avg. Price vs. Median Sales Price
Change in median sales price
180
$1,600,000
160
$1,400,000
140
$1,200,000
120
$1,000,000
100
$800,000
80
$600,000
60
{2019 vs 2018}
34 129
Average DOM
40
$400,000
20
$200,000
Properties Sold
$0
$1.2m
0 Q3 2015
Q3 2016
Q3 2017
PROPERTIES SOLD
Total Units Sold
Q3 2018 ASP
Q3 2019
MEDIAN SALES PRICE
Median Sales Price
Average Selling Price
Median Selling Price
Sherman Oaks
14.5
%
Sold Prop. vs Avg. Price vs. Median Sales Price
Change in median sales price
350
$1,200,000
300
$1,000,000
250
$800,000
200
$600,000
150
$400,000
100
$200,000
50 0
$0 Q3 2015
Q3 2016
Q3 2017
PROPERTIES SOLD
Total Units Sold
Q3 2018 ASP
Q3 2019
MEDIAN SALES PRICE
Median Sales Price
Average Selling Price
{2019 vs 2018}
37 263
Average DOM
Properties Sold
$1m
Median Selling Price
Valley Village
-9
%
Sold Prop. vs Avg. Price vs. Median Sales Price 90
Change in median sales price $1,200,000
80
$1,000,000
70 60
$800,000
50
$600,000
40 30
$400,000
20
$200,000
10 0
$0 Q3 2015
Q3 2016
Q3 2017
PROPERTIES SOLD
Total Units Sold
Q3 2018 ASP
Median Sales Price
Q3 2019
MEDIAN SALES PRICE
Average Selling Price
/
{2019 vs 2018}
25 68
Average DOM
Properties Sold
$864k
Median Selling Price
33 The Valley (San Fernando)
/ Los Angeles Q3 Market Update
Sold Prop. vs Avg. Price vs. Median Sales Price $2,500,000
70 60
$2,000,000
50 40
$1,500,000
30
$1,000,000
20 $500,000
10 0
$0 Q3 2015
Q3 2016
Q3 2017
PROPERTIES SOLD
Total Units Sold
Q3 2018 ASP
Q3 2019
MEDIAN SALES PRICE
Median Sales Price
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
Q3
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2019 vs 2018}
Change
-4.6%
-
-14.3%
-10.5%
2019
$1,955,025
-5.2%
54
43
2018
$2,050,000
-2.6%
63
48
2017
$2,115,000
-0.5%
62
30
2016
$1,750,000
-3.2%
65
41
2015
$1,625,000
-2.0%
53
49
Los Angeles Q3 Market Update / Venice / 34
at a glance {Q3 | 2019}
VENICE
-4.6
%
Change in Median Selling Price {2019 vs 2018}
43 Average Days on Market
54 Units Sold
2
$ m Median Selling Price
at a glance {Q3 | 2019}
WEST HOLLYWOOD
7.4
%
Change in Median Selling Price {2019 vs 2018}
38 Average Days on Market
136 Units Sold
$998k Median Selling Price
Sold Prop. vs Avg. Price vs. Median Sales Price 145
$1,400,000
140
$1,200,000 $1,000,000
135
$800,000
130
$600,000
125
$400,000
120
$200,000 $0
115 Q3 2015
Q3 2016
Q3 2017
PROPERTIES SOLD
Total Units Sold
Q3 2018 ASP
Q3 2019
MEDIAN SALES PRICE
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
Q3
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2019 vs 2018}
Change
7.4%
-
8.8%
23.2%
2019
$997,500
-2.7%
136
38
2018
$929,000
-0.6%
125
31
2017
$882,500
-0.6%
136
34
2016
$847,500
-1.2%
142
33
2015
$754,500
-2.1%
126
40
/
37 West Hollywood
/ Los Angeles Q3 Market Update
UNRIVALED
GLOBAL PERFORMANCE
BEVERLY HILLS POST OFFICE
12097Summit.com Offered at $7,995,000 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. Statistics based on Sotheby’s International Realty, Inc. 2018 sales. SIR DRE License Number: 899496
$112 BILLION ANOTHER RECORD YEAR IN ANNUAL GLOBAL SALES IN 2018
1,000 23,000 71 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
w i n e i s a n e v e r- e n d i n g j o u r n e y. sothebyswine.com AUCTION • RETAIL • ADVISORY New York Hong Kong London