MARKET UPDATE: LOS ANGELES 3-Month Ending January 2014
Market Area Pgs. Featured Listings 2-3 Bel Air - Holmby Hills 4-5 Beverly Center - Miracle Mile 6-7 Beverly Hills 8-9 Beverly Hills Post Office 10-11 Beverlywood 12-13 Brentwood 14-15 Cheviot Hills - Rancho Park 16-17 Culver City 18-19 Downtown Los Angeles 20-21 Eagle Rock 22-23 Hancock Park 24-25 Hollywood 26-27 Hollywood Hills East 28-29 Los Feliz 30-31 Malibu 32-33
Market Area Pgs. Malibu Beach 34-35 Marina Del Rey 36-37 Mid Los Angeles 38-39 Mid Wilshire 40-41 Mount Washington 42-43 Pacific Palisades 44-45 Palms - Mar Vista 46-47 Playa Del Rey 48-49 Playa Vista 50-51 Santa Monica 52-53 Silverlake - Echo Park 54-55 Sunset Strip - Hollywood Hills 56-57 Venice 58-59 West Hollywood 60-61 West Los Angeles 62-63 Westwood - Century City 64-65
To view our listings please visit sothebyshomes.com/losangeles
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES | SANTA MONICA | SUNSET STRIP Operated by Sotheby’s International Realty, Inc.
BEL AIR | web: 0355070 | $5,469,000 Brentwood Brokerage | Gregory Bega 213.453.2020
PACIFIC PALISADES | web: 0343460 | $4,195,000 Pacific Palisades Brokerage | Robert Radcliffe 310.255.5454
MALIBU | web: 0172663 | $3,150,000 Malibu Brokerage | Cormac O’Herlihy 310.980.1194, Wailani O’Herlihy
HOLLYWOOD HILLS | web: 0026953 | $2,495,000 Beverly Hills Brokerage | Barry Sloane 310.786.1844, Marc Silver 310.809.4656
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES PASADENA | SANTA MONICA | SUNSET STRIP sothebyshomes.com/losangeles 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.
THE ART OF LIVING
LOS FELIZ | web: 0285427 | $3,597,000 Los Feliz Brokerage | Konstantine Valissarakos 323.252.9451
LOS FELIZ | web: 0307911 | $3,325,000 Sunset Strip Brokerage | Brian Ades 310.503.8080
ENCINO | web: 0307912 | $1,925,000 Sunset Strip Brokerage | Albina Tager 310.888.3741
HOLLYWOOD HILLS WEST | web: 0355066 | $1,550,000 Brentwood Brokerage | Silvia Obagi 310.922.2601
Visit onlywithus.com to discover the benefits available through us alone.
BEL AIR - HOLMBY HILLS
SINGLE FAMILY HOME SALES
Bel Air is encompassed by a prestigious and well-known pocket of Los Angeles known as the Golden Triangle, including Bel Air, Beverly Hills and Holmby Hills. Bel Air real estate is tucked along the foothills of a section of the Santa Monica Mountains on the north side and borders UCLA and Sunset Boulevard to the south. Bel Air is approx. 12 miles from Downtown LA, minutes from the 405 freeway and close to the quaint Bel Air Hotel, yet it provides a feeling of serenity and ever sought-after escape from metropolitan life. Homes vary from original ranch style and modest one half stories to mansions with gorgeous views of the canyon and city lights. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $2,697,818 $788.31
< $1M $705,625 $614.83
$1M - $3M $1,845,995 $632.43
> $3M $6,080,400 $979.96
Average Sold Price
$2,654,376
$682,938
$1,786,293
$6,054,500 $975.41
$774.87
$591.60
$611.97
Total SFH Sold
39
8
21
10
Total SFH for Sale at End of Period
72
6
24
42
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
5.5
2.3
3.4
12.6
98%
97%
97%
100%
ALL
< $1M
$1M - $3M
> $3M
$3,807,473
$805,369
$1,753,450
$11,090,000
SFH NOV - JAN 2013 Average List Price Average List Price per Square Foot Average Sold Price
$937.51
$382.57
$578.77
$1,336.07
$3,387,041
$771,592
$1,675,267
$9,590,341
$832.47
$366.53
$554.76
$1,152.25
Total SFH Sold
44
13
20
11
Total SFH for Sale at End of Period
82
9
22
51
Average Monthly Supply of Inventory
5.6
2.1
3.3
13.9
89%
96%
96%
86%
Average Sold Price per Square Foot
Average Sold Price/Original List Price Ratio
SFH JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
-29%
-12%
5%
-45%
Average List Price per Square Foot
-16%
61%
9%
-27%
Average Sold Price
-22%
-11%
7%
-37%
Average Sold Price per Square Foot
-7%
61%
10%
-15%
Total SFH Sold
-11%
-38%
5%
-9% -18%
Total SFH for Sale at End of Period
-12%
-33%
9%
Average Monthly Supply of Inventory
-1%
8%
4%
-9%
Average Sold Price/Original List Price Ratio
11%
1%
1%
15% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
4
BEL AIR - HOLMBY HILLS
CONDOMINIUM SALES BEL AIR - HOLMBY HILLS MARKET OVERVIEW - JANUARY
In Bel Air - Holmby Hills there were 12 single family home sales in January 2014, up from 11 in January 2013 and a similar performance from the 12 sales closed last month. The average list price for single family home sales in January 2014 was $3,010,992 almost matching $3,062,727 for January 2013. For the three-month period from November to January 2014, the average list price was 29% lower than the same period of the prior year. Average sales price for January 2014 was $3,080,250, compared to that of November through January 2014, which was $2,654,376. Comparing January 2014 to December 2013, Bel Air - Holmby Hills saw a 80% increase in average sale price, and a 12% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014
ALL $$-
< $1M $$-
$1M - $3M $$-
> $3M $$-
Average Sold Price
$-
$-
$-
$-
Average Sold Price per Square Foot
$-
$-
$-
$-
Total Condos Sold
-
-
-
-
Total Condos for Sale at End of Period
3
-
-
-
Average Monthly Supply of Inventory
-
-
-
-
0%
0%
0%
0%
Average List Price Average List Price per Square Foot
Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$-
$-
$-
$-
Average List Price per Square Foot
$-
$-
$-
$-
Average Sold Price
$-
$-
$-
$-
Average Sold Price per Square Foot
$-
$-
$-
$-
Total Condos Sold
-
-
-
-
Total Condos for Sale at End of Period
-
-
-
-
Average Monthly Supply of Inventory
-
-
-
-
0%
0%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
0%
0%
0%
0%
Average List Price per Square Foot
0%
0%
0%
0%
Average Sold Price
0%
0%
0%
0%
Average Sold Price per Square Foot
0%
0%
0%
0%
Total Condos Sold
0%
0%
0%
0%
Total Condos for Sale at End of Period
0%
0%
0%
0%
Average Monthly Supply of Inventory
0%
0%
0%
0%
Average Sold Price/Original List Price Ratio
0%
0%
0%
0%
(Source: MLS/CLAW)
5
BEVERLY CENTER - MIRACLE MILE
SINGLE FAMILY HOME SALES
The Beverly Center-Miracle Mile area of Los Angeles, known for its original Spanish two-story homes, duplexes and single-family homes, borders the Mid Los Angeles and Fairfax Districts as well as Hancock Park. The many original Spanish two-story homes, duplexes and single-family homes make up one of the cityâ&#x20AC;&#x2122;s most densely populated and commercial sections. The area is home to the world-famous Los Angeles County Museum of Modern Art (LACMA), the La Brea Tar Pits and the Petersen Automotive Museum, which all make up Museum Row. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $1,385,206 $587.75
< $1M $846,908 $499.95
$1M - $3M $1,580,955 $619.33
> $3M $3,000,001 $-
Average Sold Price
$1,360,206
$833,636
$1,548,955
$3,000,001
$577.74
$492.11
$608.54
$-
Total SFH Sold
34
11
22
1
Total SFH for Sale at End of Period
34
8
26
-
Average Monthly Supply of Inventory
3.0
2.2
3.5
-
98%
98%
98%
100%
Average Sold Price per Square Foot
Average Sold Price/Original List Price Ratio
SFH NOV - JAN 2013 Average List Price Average List Price per Square Foot Average Sold Price
ALL
< $1M
$1M - $3M
> $3M
$1,154,728
$794,154
$1,500,878
$-
$516.00
$468.70
$546.08
$-
$1,148,071
$802,228
$1,480,080
$$-
$512.88
$473.47
$537.95
Total SFH Sold
49
24
25
-
Total SFH for Sale at End of Period
37
11
26
-
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
2.3
1.4
3.1
-
99%
101%
99%
0%
SFH JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
20%
7%
5%
0%
Average List Price per Square Foot
14%
7%
13%
0%
Average Sold Price
18%
4%
5%
0%
Average Sold Price per Square Foot
13%
4%
13%
0%
Total SFH Sold
-31%
-54%
-12%
0% 0%
Total SFH for Sale at End of Period
-8%
-27%
0%
Average Monthly Supply of Inventory
32%
59%
14%
0%
Average Sold Price/Original List Price Ratio
-1%
-3%
-1%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
6
BEVERLY CENTER - MIRACLE MILE
CONDOMINIUM SALES
BEVERLY CENTER - MIRACLE MILE MARKET OVERVIEW - JANUARY In Beverly Center - Miracle Mile there were 11 single family home sales in January 2014, down from 12 in January 2013 and a 27% decrease from the 15 sales closed last month. The average list price for single family home sales in January 2014 was $1,465,364 compared to $1,167,954 for January 2013, representing a 25% increase. For the three-month period from November to January 2014, the average list price was 20% higher than the same period of the prior year. Average sales price for January 2014 was $1,462,636, compared to that of November through January 2014, which was $1,360,206. Comparing January 2014 to December 2013, Beverly Center - Miracle Mile saw a 24% increase in average sale price, and a 27% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $716,497 $529.97
< $1M $693,104 $516.25
$1M - $3M $1,044,000 $703.74
> $3M $$-
Average Sold Price
$709,142
$685,224
$1,044,000
$-
Average Sold Price per Square Foot
$524.53
$510.38
$703.74
$-
Total Condos Sold
30
28
2
-
Total Condos for Sale at End of Period
20
-
-
-
Average Monthly Supply of Inventory
2.0
-
-
-
99%
99%
100%
0%
Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$542,626
$511,717
$1,099,000
$-
Average List Price per Square Foot
$382.77
$375.10
$461.96
$-
Average Sold Price
$540,000
$513,056
$1,025,000
$-
Average Sold Price per Square Foot
$380.92
$376.08
$430.85
$-
Total Condos Sold
19
18
1
-
Total Condos for Sale at End of Period
12
11
1
-
Average Monthly Supply of Inventory
1.9
1.8
3.0
-
100%
100%
93%
0%
Average Sold Price/Original List Price Ratio
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
32%
35%
-5%
0%
Average List Price per Square Foot
38%
38%
52%
0%
Average Sold Price
31%
34%
2%
0%
Average Sold Price per Square Foot
38%
36%
63%
0%
Total Condos Sold
58%
56%
100%
0%
Total Condos for Sale at End of Period
67%
-100%
-100%
0%
Average Monthly Supply of Inventory
6%
-100%
-100%
0%
Average Sold Price/Original List Price Ratio
-1%
-1%
7%
0%
(Source: MLS/CLAW)
7
BEVERLY HILLS
SINGLE FAMILY HOME SALES Beverly Hill, located within the Golden Triangle, is nestle up against the foothills of the Santa Monica Mountains on the north side. Beverly Hills is bordered by Westwood Village and Century City on the west, West Hollywood and Fairfax District on the east, and Los Angeles City and the 10 freeway on the South. Rodeo Drive between Wilshire Boulevard and Sunset Boulevard include not only the ultimate shopping mecca, but an area of large homes referred to as the Flats,. The blocks were designed by landscape architect William D. Cook, with large lots and wide curving streets lined with palm, eucalyptus and acacia trees and a three-block 80-foot-wide park running along Santa Monica Boulevard. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $6,842,200 $1,214.73
< $1M $$-
$1M - $3M $2,397,167 $843.92
> $3M $7,761,862 $1,264.03
Average Sold Price
$6,481,901
$-
$2,344,167
$7,337,984
Average Sold Price per Square Foot
$1,196.45
$1,152.89
$-
$825.27
Total SFH Sold
35
-
6
29
Total SFH for Sale at End of Period
58
-
13
45
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
5.0
-
6.5
4.7
95%
0%
98%
95%
SFH NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
$6,399,000
$-
$2,020,400
$7,725,849
Average List Price per Square Foot
$1,100.59
$-
$856.46
$1,128.06
Average Sold Price
$5,955,994
$-
$2,007,275
$7,152,576
Average Sold Price per Square Foot
Average List Price
$1,027.46
$-
$850.90
$1,047.32
Total SFH Sold
43
-
10
33
Total SFH for Sale at End of Period
69
-
10
59
Average Monthly Supply of Inventory
4.8
-
3.0
5.4
93%
0%
99%
93%
> $3M
Average Sold Price/Original List Price Ratio
SFH JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
Average List Price
7%
0%
19%
0%
Average List Price per Square Foot
10%
0%
-1%
12%
Average Sold Price
9%
0%
17%
3%
Average Sold Price per Square Foot
12%
0%
-3%
14%
Total SFH Sold
-19%
0%
-40%
-12%
Total SFH for Sale at End of Period
-16%
0%
30%
-24%
Average Monthly Supply of Inventory
3%
0%
117%
-13%
Average Sold Price/Original List Price Ratio
2%
0%
-2%
2% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
8
BEVERLY HILLS
CONDOMINIUM SALES BEVERLY HILLS MARKET OVERVIEW - JANUARY
In Beverly Hills there were 12 single family home sales in January 2014, up from 5 in January 2013 and a 8% decrease from the 13 sales closed last month. The average list price for single family home sales in January 2014 was $6,029,333 compared to $9,058,800 for January 2013, representing a 33% decrease. For the three-month period from November to January 2014, the average list price was 7% higher than the same period of the prior year. Average sales price for January 2014 was $5,787,250, compared to that of November through January 2014, which was $6,481,901. Comparing January 2014 to December 2013, Beverly Hills saw a 12% decrease in average sale price, and a 34% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $1,583,987 $793.49
< $1M $728,591 $489.55
$1M - $3M $1,656,109 $699.32
> $3M $10,200,000 $2,639.07
Average Sold Price
$1,505,978
$717,273
$1,613,409
$9,000,000
$751.91
$481.95
$678.82
$2,328.59
Total Condos Sold
23
11
11
1
Total Condos for Sale at End of Period
38
-
-
-
Average Monthly Supply of Inventory
5.0
-
-
-
95%
98%
97%
88%
ALL
< $1M
$1M - $3M
> $3M
$998,000
$736,000
$1,337,429
$3,600,000
Average Sold Price per Square Foot
Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013 Average List Price Average List Price per Square Foot
$504.90
$430.42
$557.36
$881.70
Average Sold Price
$939,481
$708,474
$1,243,571
$3,200,000
Average Sold Price per Square Foot
$475.29
$414.32
$518.25
$783.74
Total Condos Sold
27
19
7
1
Total Condos for Sale at End of Period
37
17
17
3
Average Monthly Supply of Inventory
4.1
2.7
7.3
9.0
94%
96%
93%
89%
Average Sold Price/Original List Price Ratio
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
59%
-1%
24%
183%
Average List Price per Square Foot
57%
14%
25%
199%
Average Sold Price
60%
1%
30%
181%
Average Sold Price per Square Foot
58%
16%
31%
197%
Total Condos Sold
-15%
-42%
57%
0%
Total Condos for Sale at End of Period
3%
-100%
-100%
-100%
Average Monthly Supply of Inventory
21%
-100%
-100%
-100%
Average Sold Price/Original List Price Ratio
1%
2%
5%
-1%
(Source: MLS/CLAW)
9
BEVERLY HILLS POST OFFICE
SINGLE FAMILY HOME SALES
Beverly Hills Post Office is home to grand estates, mansions and large traditional homes as well as some of the most celebrated gated communities in the area, including Mulholland Estates, The Summit, Beverly Ridge Estates and perhaps the most famous, Beverly Park. Lying outside of the City of Beverly Hills limits, Beverly Hills Post Office is part of Los Angeles, but is assigned to use the postal services of Beverly Hills, which started in the early 1960s. Within the area some of the most desired grand estates, mansions and large traditional homes in all of Southern California can be found. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $2,475,474 $822.94
< $1M $868,500 $482.90
$1M - $3M $1,826,478 $748.58
> $3M $4,416,818 $959.89
Average Sold Price
$2,392,534
$856,000
$1,775,926
$4,240,545 $920.09
$794.61
$475.95
$727.44
Total SFH Sold
38
4
23
11
Total SFH for Sale at End of Period
82
5
33
44
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
6.5
3.8
4.3
12.0
97%
99%
97%
96%
ALL
< $1M
$1M - $3M
> $3M
$2,269,909
$834,400
$1,759,091
$5,339,167
SFH NOV - JAN 2013 Average List Price Average List Price per Square Foot Average Sold Price
$676.15
$531.20
$582.64
$954.71
$2,146,184
$733,040
$1,698,630
$4,964,833 $903.30
$644.56
$460.11
$562.61
Total SFH Sold
33
5
22
6
Total SFH for Sale at End of Period
71
1
36
34
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
6.5
0.6
4.9
17.0
95%
88%
97%
93%
SFH JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
9%
4%
4%
-17%
Average List Price per Square Foot
22%
-9%
28%
1%
Average Sold Price
11%
17%
5%
-15%
Average Sold Price per Square Foot
23%
3%
29%
2%
Total SFH Sold
15%
-20%
5%
83%
Total SFH for Sale at End of Period
15%
400%
-8%
29%
Average Monthly Supply of Inventory
0%
525%
-12%
-29%
Average Sold Price/Original List Price Ratio
2%
12%
1%
3% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
10
BEVERLY HILLS POST OFFICE
CONDOMINIUM SALES BEVERLY HILLS POST OFFICE MARKET OVERVIEW - JANUARY
In Beverly Hills Post Office there were 12 single family home sales in January 2014, up from 8 in January 2013 and a 8% decrease from the 13 sales closed last month. The average list price for single family home sales in January 2014 was $2,355,750 compared to $2,094,000 for January 2013, representing a 13% increase. For the three-month period from November to January 2014, the average list price was 9% higher than the same period of the prior year. Average sales price for January 2014 was $2,275,833, compared to that of November through January 2014, which was $2,392,534. Comparing January 2014 to December 2013, Beverly Hills Post Office saw a 19% decrease in average sale price, but a 18% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014
ALL $$-
< $1M $$-
$1M - $3M $$-
> $3M $$-
Average Sold Price
$-
$-
$-
$-
Average Sold Price per Square Foot
$-
$-
$-
$-
Total Condos Sold
-
-
-
-
Total Condos for Sale at End of Period
-
-
-
-
Average Monthly Supply of Inventory
-
-
-
-
0%
0%
0%
0%
Average List Price Average List Price per Square Foot
Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$-
$-
$-
$-
Average List Price per Square Foot
$-
$-
$-
$-
Average Sold Price
$-
$-
$-
$-
Average Sold Price per Square Foot
$-
$-
$-
$-
Total Condos Sold
-
-
-
-
Total Condos for Sale at End of Period
-
-
-
-
Average Monthly Supply of Inventory
-
-
-
-
0%
0%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
0%
0%
0%
0%
Average List Price per Square Foot
0%
0%
0%
0%
Average Sold Price
0%
0%
0%
0%
Average Sold Price per Square Foot
0%
0%
0%
0%
Total Condos Sold
0%
0%
0%
0%
Total Condos for Sale at End of Period
0%
0%
0%
0%
Average Monthly Supply of Inventory
0%
0%
0%
0%
Average Sold Price/Original List Price Ratio
0%
0%
0%
0%
(Source: MLS/CLAW)
11
BEVERLYWOOD
SINGLE FAMILY HOME SALES Beverlywood is an upscale neighborhood in Los Angeles strategically placed near the heart of one of the world’s largest cities, and is the ideal home for anyone from couples raising families to retirees. The community is friendly and features treelined streets, lush green parks, fancy storefronts, sidewalk delis and cozy cafes for its residents. Almost all of Beverlywood’s inhabitants live in single-family homes built between the 1920s and the 1950s, with the oldest homes in the areas near Beverly Hills. Beverlywood residents enjoy an upscale community of homes constructed from 1920s through the 1950s. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $1,062,827 $555.58
< $1M $734,621 $526.23
$1M - $3M $1,526,176 $577.47
> $3M $$-
Average Sold Price
$1,046,280
$733,500
$1,487,853
$$-
$546.93
$525.43
$562.97
Total SFH Sold
41
24
17
-
Total SFH for Sale at End of Period
31
17
14
-
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
2.3
2.1
2.5
-
98%
100%
97%
0%
ALL
< $1M
$1M - $3M
> $3M
$959,569
$701,771
$1,504,800
$3,499,000
SFH NOV - JAN 2013 Average List Price Average List Price per Square Foot
$471.20
$432.11
$533.92
$499.86
Average Sold Price
$936,414
$689,134
$1,471,625
$3,250,000
Average Sold Price per Square Foot
$459.83
$424.33
$522.15
$464.29
Total SFH Sold
42
31
10
1
Total SFH for Sale at End of Period
23
18
5
-
Average Monthly Supply of Inventory
1.6
1.7
1.5
-
98%
98%
98%
93%
Average Sold Price/Original List Price Ratio
SFH JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
11%
5%
1%
-100%
Average List Price per Square Foot
18%
22%
8%
-100%
Average Sold Price
12%
6%
1%
-100%
Average Sold Price per Square Foot
19%
24%
8%
-100%
Total SFH Sold
-2%
-23%
70%
-100% 0%
Total SFH for Sale at End of Period
35%
-6%
180%
Average Monthly Supply of Inventory
38%
22%
65%
0%
Average Sold Price/Original List Price Ratio
1%
2%
0%
-100% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
12
BEVERLYWOOD
CONDOMINIUM SALES BEVERLYWOOD MARKET OVERVIEW - JANUARY
In Beverlywood there were 12 single family home sales in January 2014, up from 10 in January 2013 and a 14% decrease from the 14 sales closed last month. The average list price for single family home sales in January 2014 was $932,325 almost matching $915,190 for January 2013. For the three-month period from November to January 2014, the average list price was 11% higher than the same period of the prior year. Average sales price for January 2014 was $911,167, compared to that of November through January 2014, which was $1,046,280. Comparing January 2014 to December 2013, Beverlywood saw a 25% decrease in average sale price, but a 3% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $533,869 $404.10
< $1M $533,869 $404.10
$1M - $3M $$-
> $3M $$-
Average Sold Price
$529,225
$529,225
$-
$-
Average Sold Price per Square Foot
$400.59
$400.59
$-
$-
Total Condos Sold
16
16
-
-
Total Condos for Sale at End of Period
13
-
-
-
Average Monthly Supply of Inventory
2.4
-
-
-
99%
99%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$560,505
$560,505
$-
$-
Average List Price per Square Foot
$380.04
$380.04
$-
$-
Average Sold Price
$555,717
$555,717
$-
$-
Average Sold Price per Square Foot
$376.79
$376.79
$-
$-
Total Condos Sold
24
24
-
-
Total Condos for Sale at End of Period
5
5
-
-
0.6
0.6
-
-
99%
99%
0%
0%
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
-5%
-5%
0%
0%
Average List Price per Square Foot
6%
6%
0%
0%
Average Sold Price
-5%
-5%
0%
0%
Average Sold Price per Square Foot
6%
6%
0%
0%
Total Condos Sold
-33%
-33%
0%
0%
Total Condos for Sale at End of Period
160%
-100%
0%
0%
Average Monthly Supply of Inventory
290%
-100%
0%
0%
0%
0%
0%
0%
Average Sold Price/Original List Price Ratio (Source: MLS/CLAW)
13
BRENTWOOD
SINGLE FAMILY HOME SALES Brentwood is one of the wealthiest areas of Los Angeles, populated by affluent professionals, political figures and celebrities. Known for its Spanish-style homes, condos and traditional homes, Brentwood has prosperous commercial districts along each of its major east-west thoroughfares, Wilshire Boulevard, San Vicente Boulevard and Sunset Boulevard. The Spanish-style and traditional-style homes as well as the condos of Brentwood are located at the base of the Santa Monica Mountains. Brentwood was once part of the Rancho San Vicente y Santa Monica, a Mexican land-grant ranch sold off in pieces by the Sepulveda family after the Mexican-American War. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $3,402,396 $883.59
< $1M $$-
$1M - $3M $1,976,306 $761.47
> $3M $6,422,353 $993.36
Average Sold Price
$3,316,430
$-
$1,962,724
$6,183,100 $957.94
$862.46
$-
$756.25
Total SFH Sold
53
-
36
17
Total SFH for Sale at End of Period
50
-
24
26
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
2.8
-
2.0
4.6
97%
0%
99%
96%
ALL
< $1M
$1M - $3M
> $3M
$3,215,142
$920,843
$1,753,129
$6,199,167
SFH NOV - JAN 2013 Average List Price Average List Price per Square Foot Average Sold Price
$894.27
$585.51
$608.89
$1,170.73
$2,960,399
$863,688
$1,740,924
$5,502,774
$824.22
$549.17
$604.56
$1,040.35
Total SFH Sold
69
7
38
24
Total SFH for Sale at End of Period
50
-
18
32
Average Monthly Supply of Inventory
2.2
-
1.4
4.0
92%
94%
99%
89%
> $3M
Average Sold Price per Square Foot
Average Sold Price/Original List Price Ratio
SFH JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
Average List Price
6%
-100%
13%
4%
Average List Price per Square Foot
-1%
-100%
25%
-15%
Average Sold Price
12%
-100%
13%
12%
Average Sold Price per Square Foot
5%
-100%
25%
-8%
-23%
-100%
-5%
-29%
Total SFH Sold Total SFH for Sale at End of Period
0%
0%
33%
-19%
Average Monthly Supply of Inventory
30%
0%
41%
15%
Average Sold Price/Original List Price Ratio
6%
-100%
0%
8% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
14
BRENTWOOD
CONDOMINIUM SALES BRENTWOOD MARKET OVERVIEW - JANUARY
In Brentwood there were 12 single family home sales in January 2014, up from 9 in January 2013 and a 52% decrease from the 25 sales closed last month. The average list price for single family home sales in January 2014 was $2,719,250 compared to $2,383,422 for January 2013, representing a 14% increase. For the three-month period from November to January 2014, the average list price was 6% higher than the same period of the prior year. Average sales price for January 2014 was $2,774,461, compared to that of November through January 2014, which was $3,316,430. Comparing January 2014 to December 2013, Brentwood saw a 28% decrease in average sale price, but a 20% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $772,709 $495.18
< $1M $671,737 $472.21
$1M - $3M $1,277,571 $567.81
> $3M $$-
Average Sold Price
$757,533
$665,183
$1,219,286
$-
Average Sold Price per Square Foot
$485.46
$467.60
$541.90
$-
Total Condos Sold
42
35
7
-
Total Condos for Sale at End of Period
30
-
-
-
Average Monthly Supply of Inventory
2.1
-
-
-
98%
99%
95%
0%
Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$665,095
$649,703
$1,250,000
$-
Average List Price per Square Foot
$474.99
$466.58
$737.46
$-
Average Sold Price
$655,935
$641,828
$1,192,000
$-
Average Sold Price per Square Foot
$468.45
$460.93
$703.24
$-
Total Condos Sold
39
38
1
-
Total Condos for Sale at End of Period
36
28
8
-
Average Monthly Supply of Inventory
2.8
2.2
24.0
-
99%
99%
95%
0%
Average Sold Price/Original List Price Ratio
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
16%
3%
2%
0%
Average List Price per Square Foot
4%
1%
-23%
0%
Average Sold Price
15%
4%
2%
0%
Average Sold Price per Square Foot
4%
1%
-23%
0%
Total Condos Sold
8%
-8%
600%
0%
Total Condos for Sale at End of Period
-17%
-100%
-100%
0%
Average Monthly Supply of Inventory
-23%
-100%
-100%
0%
Average Sold Price/Original List Price Ratio
-1%
0%
0%
0%
(Source: MLS/CLAW)
15
CHEVIOT HILLS - RANCHO PARK
SINGLE FAMILY HOME SALES
Cheviot Hills and Rancho Park are both situated within a short drive of Fox Studios and Sony Studios. Cheviot Hills provides excellent views of much of the Los Angeles. Cheviot Hillsâ&#x20AC;&#x2122; gently rolling hills are reminiscent of the Cheviot Hills area of Scotland, which is how the area got its name. Rancho Park, though a small residential neighborhood in West Los Angeles, is one of the few districts in Los Angeles where fall foliage can be seen. Nestled between Westwood and Cheviot Hills, Rancho Park is mostly filled with single-family homes and tree-lined streets. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $1,534,527 $627.26
< $1M $939,300 $493.16
$1M - $3M $1,683,333 $657.14
> $3M $$-
Average Sold Price
$1,525,133
$902,000
$1,680,917
$$-
$626.44
$473.57
$660.49
Total SFH Sold
15
3
12
-
Total SFH for Sale at End of Period
2
-
1
1
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
0.4
-
0.3
-
99%
96%
100%
0%
ALL
< $1M
$1M - $3M
> $3M
$1,591,118
$784,500
$1,725,917
$3,200,000
SFH NOV - JAN 2013 Average List Price Average List Price per Square Foot Average Sold Price
$584.52
$472.23
$571.58
$927.54
$1,587,506
$770,500
$1,725,467
$3,200,000
$585.38
$463.81
$574.35
$927.54
Total SFH Sold
17
4
12
1
Total SFH for Sale at End of Period
10
2
8
-
Average Monthly Supply of Inventory
1.8
1.5
2.0
-
100%
98%
100%
100%
Average Sold Price per Square Foot
Average Sold Price/Original List Price Ratio
SFH JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
-4%
20%
-2%
-100%
Average List Price per Square Foot
7%
4%
15%
-100%
Average Sold Price
-4%
17%
-3%
-100%
7%
2%
15%
-100%
-12%
-25%
0%
-100%
Total SFH for Sale at End of Period
-80%
-100%
-88%
0%
Average Monthly Supply of Inventory
-77%
-100%
-88%
0%
0%
-2%
0%
-100%
Average Sold Price per Square Foot Total SFH Sold
Average Sold Price/Original List Price Ratio
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
16
CHEVIOT HILLS - RANCHO PARK
CONDOMINIUM SALES
CHEVIOT HILLS - RANCHO PARK MARKET OVERVIEW - JANUARY In Cheviot Hills - Rancho Park there were 3 single family home sales in January 2014, which is the same as January 2013 and a 63% decrease from the 8 sales closed last month. The average list price for single family home sales in January 2014 was $1,848,000 compared to $1,431,000 for January 2013, representing a 29% increase. For the three-month period from November to January 2014, the average list price was 4% lower than the same period of the prior year. Average sales price for January 2014 was $1,805,000, compared to that of November through January 2014, which was $1,525,133. Comparing January 2014 to December 2013, Cheviot Hills - Rancho Park saw a 23% increase in average sale price, and a 25% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014
ALL $$-
< $1M $$-
$1M - $3M $$-
> $3M $$-
Average Sold Price
$-
$-
$-
$-
Average Sold Price per Square Foot
$-
$-
$-
$-
Total Condos Sold
-
-
-
-
Total Condos for Sale at End of Period
-
-
-
-
Average Monthly Supply of Inventory
-
-
-
-
0%
0%
0%
0%
Average List Price Average List Price per Square Foot
Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$-
$-
$-
$-
Average List Price per Square Foot
$-
$-
$-
$-
Average Sold Price
$-
$-
$-
$-
Average Sold Price per Square Foot
$-
$-
$-
$-
Total Condos Sold
-
-
-
-
Total Condos for Sale at End of Period
1
1
-
-
Average Monthly Supply of Inventory
-
-
-
-
0%
0%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
0%
0%
0%
0%
Average List Price per Square Foot
0%
0%
0%
0%
Average Sold Price
0%
0%
0%
0%
Average Sold Price per Square Foot
0%
0%
0%
0%
Total Condos Sold
0%
0%
0%
0%
-100%
-100%
0%
0%
Average Monthly Supply of Inventory
0%
0%
0%
0%
Average Sold Price/Original List Price Ratio
0%
0%
0%
0%
Total Condos for Sale at End of Period
(Source: MLS/CLAW)
17
CULVER CITY
SINGLE FAMILY HOME SALES Charming Culver City, with its condos and traditional and Spanish-style homes, is a town of galleries, shops, cafes and entrepreneurial businesses. Culver City has been a focal point for motion picture studios since the 1920s and more recently for television production, having been home to MGM Studios, the Culver Studios and now Sony Picture Entertainment. Home of the Kirk Douglas Theatre, Helms Bakeries and the Culver Hotel, Culver Cityâ&#x20AC;&#x2122;s condos, traditional homes and Spanish-style homes offer a combination of urban living and small town charm. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $826,436 $517.12
< $1M $761,508 $529.06
$1M - $3M $1,216,000 $476.71
> $3M $$-
Average Sold Price
$837,392
$774,297
$1,215,958
$-
Average Sold Price per Square Foot
$-
$523.98
$537.95
$476.69
Total SFH Sold
42
36
6
-
Total SFH for Sale at End of Period
20
18
2
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.4
1.5
1.0
-
101%
102%
100%
0%
SFH NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$669,253
$649,897
$1,172,500
$-
Average List Price per Square Foot
$440.89
$434.27
$564.92
$-
Average Sold Price
$660,970
$646,008
$1,050,000
$-
Average Sold Price per Square Foot
$-
$435.43
$431.67
$505.90
Total SFH Sold
54
52
2
-
Total SFH for Sale at End of Period
19
12
7
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.1
0.7
10.5
-
99%
99%
90%
0%
SFH JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
23%
17%
4%
0%
Average List Price per Square Foot
17%
22%
-16%
0%
Average Sold Price
27%
20%
16%
0%
Average Sold Price per Square Foot
20%
25%
-6%
0%
Total SFH Sold
-22%
-31%
200%
0% 0%
Total SFH for Sale at End of Period
5%
50%
-71%
Average Monthly Supply of Inventory
35%
117%
-90%
0%
Average Sold Price/Original List Price Ratio
3%
2%
12%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
18
CULVER CITY
CONDOMINIUM SALES CULVER CITY MARKET OVERVIEW - JANUARY
In Culver City there were 10 single family home sales in January 2014, up from 8 in January 2013 and a 55% decrease from the 22 sales closed last month. The average list price for single family home sales in January 2014 was $716,840 almost matching $751,488 for January 2013. For the three-month period from November to January 2014, the average list price was 23% higher than the same period of the prior year. Average sales price for January 2014 was $711,550, compared to that of November through January 2014, which was $837,392. Comparing January 2014 to December 2013, Culver City saw a 23% decrease in average sale price, and a 2% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $431,441 $380.06
< $1M $431,441 $380.06
$1M - $3M $$-
> $3M $$-
Average Sold Price
$430,547
$430,547
$-
$-
Average Sold Price per Square Foot
$379.27
$379.27
$-
$-
Total Condos Sold
32
32
-
-
Total Condos for Sale at End of Period
25
-
-
-
Average Monthly Supply of Inventory
2.3
-
-
-
100%
100%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$331,111
$331,111
$-
$-
Average List Price per Square Foot
$289.70
$289.70
$-
$-
Average Sold Price
$336,521
$336,521
$-
$-
Average Sold Price per Square Foot
$294.43
$294.43
$-
$-
Total Condos Sold
36
36
-
-
Total Condos for Sale at End of Period
5
5
-
-
0.4
0.4
-
-
102%
102%
0%
0%
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
30%
30%
0%
0%
Average List Price per Square Foot
31%
31%
0%
0%
Average Sold Price
28%
28%
0%
0%
Average Sold Price per Square Foot
29%
29%
0%
0%
Total Condos Sold
-11%
-11%
0%
0%
Total Condos for Sale at End of Period
400%
-100%
0%
0%
Average Monthly Supply of Inventory
463%
-100%
0%
0%
-2%
-2%
0%
0%
Average Sold Price/Original List Price Ratio (Source: MLS/CLAW)
19
DOWNTOWN LOS ANGELES
SINGLE FAMILY HOME SALES
Downtown Los Angeles offers urban living with its condos and lofts, and its central business district with skyscrapers, multinational corporations, popular art institutions, public art displays, sightseeing opportunities, sports facilities and shopping. Home to world-famous establishments like The Walt Disney Concert Hall, Staples Center, Cathedral of our Lady of the Angels and the University of Southern California, Downtown Los Angeles borders Lincoln Heights and the LA River to the east, Hollywood to the north, the Santa Monica Freeway to the south, and the Harbor Freeway to the west. Perfect for those seeking condos and lofts. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $264,874 $173.54
< $1M $264,874 $173.54
$1M - $3M $$-
> $3M $$-
Average Sold Price
$269,734
$269,734
$-
$-
Average Sold Price per Square Foot
$-
$176.72
$176.72
$-
Total SFH Sold
38
38
-
-
Total SFH for Sale at End of Period
33
31
1
1
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
2.6
2.4
-
-
102%
102%
0%
0%
SFH NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$223,217
$223,217
$-
$-
Average List Price per Square Foot
$158.59
$158.59
$-
$-
Average Sold Price
$211,354
$211,354
$-
$-
Average Sold Price per Square Foot
$-
$149.66
$149.66
$-
Total SFH Sold
29
29
-
-
Total SFH for Sale at End of Period
24
24
-
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
2.5
2.5
-
-
95%
95%
0%
0%
SFH JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
19%
19%
0%
0%
Average List Price per Square Foot
9%
9%
0%
0%
Average Sold Price
28%
28%
0%
0%
Average Sold Price per Square Foot
18%
18%
0%
0%
Total SFH Sold
31%
31%
0%
0% 0%
Total SFH for Sale at End of Period
38%
29%
0%
Average Monthly Supply of Inventory
5%
-1%
0%
0%
Average Sold Price/Original List Price Ratio
8%
8%
0%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
20
DOWNTOWN LOS ANGELES
CONDOMINIUM SALES DOWNTOWN LOS ANGELES MARKET OVERVIEW - JANUARY
In Downtown L.A. there were 32 condominium sales in January 2014, up from 31 in January 2013 and a similar performance from the 32 sales closed last month. The average list price for condo sales in January 2014 was $463,841 compared to $545,539 for January 2013, representing a 15% decrease. For the three-month period from November to January 2014, the average list price was 8% higher than the same period of the prior year. Average sales price for January 2014 was $464,281, compared to that of November through January 2014, which was $523,146. Comparing January 2014 to December 2013, Downtown L.A. saw a 8% decrease in average sale price, and a 13% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $529,006 $500.70
< $1M $473,696 $464.38
$1M - $3M $1,732,000 $936.47
> $3M $$-
Average Sold Price
$523,146
$470,935
$1,658,750
$-
Average Sold Price per Square Foot
$495.16
$461.67
$896.86
$-
Total Condos Sold
91
87
4
-
Total Condos for Sale at End of Period
113
-
-
-
Average Monthly Supply of Inventory
3.7
-
-
-
99%
99%
96%
0%
ALL
< $1M
$1M - $3M
> $3M
$488,704
$390,058
$1,641,667
$4,422,000
Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013 Average List Price Average List Price per Square Foot
$419.01
$352.55
$879.54
$1,032.94
Average Sold Price
$481,294
$393,432
$1,505,648
$4,000,000
Average Sold Price per Square Foot
$412.89
$356.20
$806.67
$934.36
Total Condos Sold
117
110
6
1
Total Condos for Sale at End of Period
68
47
17
4
Average Monthly Supply of Inventory
1.7
1.3
8.5
12.0
98%
101%
92%
90%
Average Sold Price/Original List Price Ratio
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
8%
21%
6%
-100%
Average List Price per Square Foot
19%
32%
6%
-100%
Average Sold Price
9%
20%
10%
-100%
Average Sold Price per Square Foot
20%
30%
11%
-100%
Total Condos Sold
-22%
-21%
-33%
-100%
Total Condos for Sale at End of Period
66%
-100%
-100%
-100%
Average Monthly Supply of Inventory
114%
-100%
-100%
-100%
0%
-1%
4%
-100%
Average Sold Price/Original List Price Ratio (Source: MLS/CLAW)
21
EAGLE ROCK
SINGLE FAMILY HOME SALES Eagle Rock, a neighborhood of architectural and historic homes, is bordered by Glendale on the north and west, Highland Park to the southeast, Glassell Park to the southwest, and Pasadena and South Pasadena on the east. At certain times of the day on the northern edge of Eagle Rock, an enormous boulder projects a bird-shaped shadow resembling an eagle in flight, giving the city its name. Since the 1920s, artists, writers and filmmakers have moved to the architectural and historic homes of Eagle Rock, with Craftsman, Georgian, Art Deco and Mission Revival styles. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $572,965 $400.92
< $1M $572,965 $400.92
$1M - $3M $$-
> $3M $$-
Average Sold Price
$589,697
$589,697
$-
$-
Average Sold Price per Square Foot
$-
$412.63
$412.63
$-
Total SFH Sold
46
46
-
-
Total SFH for Sale at End of Period
37
36
1
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
2.4
2.3
-
-
103%
103%
0%
0%
SFH NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$531,049
$531,049
$-
$-
Average List Price per Square Foot
$328.06
$328.06
$-
$-
Average Sold Price
$532,945
$532,945
$-
$-
Average Sold Price per Square Foot
$-
$329.12
$329.12
$-
Total SFH Sold
42
42
-
-
Total SFH for Sale at End of Period
24
23
-
1
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.7
1.6
-
-
100%
100%
0%
0%
SFH JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
8%
8%
0%
0%
Average List Price per Square Foot
22%
22%
0%
0%
Average Sold Price
11%
11%
0%
0%
Average Sold Price per Square Foot
25%
25%
0%
0%
Total SFH Sold
10%
10%
0%
0% -100%
Total SFH for Sale at End of Period
54%
57%
0%
Average Monthly Supply of Inventory
41%
43%
0%
0%
Average Sold Price/Original List Price Ratio
3%
3%
0%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
22
EAGLE ROCK
CONDOMINIUM SALES EAGLE ROCK MARKET OVERVIEW - JANUARY
In Eagle Rock there were 17 single family home sales in January 2014, up from 15 in January 2013 and a 21% increase from the 14 sales closed last month. The average list price for single family home sales in January 2014 was $574,706 compared to $484,780 for January 2013, representing a 19% increase. For the three-month period from November to January 2014, the average list price was 8% higher than the same period of the prior year. Average sales price for January 2014 was $587,890, compared to that of November through January 2014, which was $589,697. Comparing January 2014 to December 2013, Eagle Rock saw a 5% decrease in average sale price, but a 20% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014
ALL $$-
< $1M $$-
$1M - $3M $$-
> $3M $$-
Average Sold Price
$-
$-
$-
$-
Average Sold Price per Square Foot
$-
$-
$-
$-
Total Condos Sold
-
-
-
-
Total Condos for Sale at End of Period
2
-
-
-
Average Monthly Supply of Inventory
-
-
-
-
0%
0%
0%
0%
Average List Price Average List Price per Square Foot
Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$-
$-
$-
$-
Average List Price per Square Foot
$-
$-
$-
$-
Average Sold Price
$-
$-
$-
$-
Average Sold Price per Square Foot
$-
$-
$-
$-
Total Condos Sold
-
-
-
-
Total Condos for Sale at End of Period
1
1
-
-
Average Monthly Supply of Inventory
-
-
-
-
0%
0%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
0%
0%
0%
0%
Average List Price per Square Foot
0%
0%
0%
0%
Average Sold Price
0%
0%
0%
0%
Average Sold Price per Square Foot
0%
0%
0%
0%
Total Condos Sold
0%
0%
0%
0%
100%
-100%
0%
0%
Average Monthly Supply of Inventory
0%
0%
0%
0%
Average Sold Price/Original List Price Ratio
0%
0%
0%
0%
Total Condos for Sale at End of Period
(Source: MLS/CLAW)
23
SINGLE FAMILY HOME SALES
HANCOCK PARK
Hancock Park is a historic neighborhood in Los Angeles, which was developed in the 1920s by the Hancock family with profits earned from oil drilling. The residential community is centrally located in the city and is bound by Wilshire Boulevard, Melrose Avenue, Higland Avenue and Rossmore Avenue. Unusual for most LA neighborhoods, residences in Hancock Park tend to be set back from the street, most power and telephone lines are buried, and fences are a rarity. It is located near both the Wilshire Country Club and the Los Angeles Tennis Club. Hancock Park continues to be one of the most desirable areas in all of Southern California to live. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $1,654,606 $549.97
< $1M $749,848 $375.99
$1M - $3M $1,667,519 $607.42
> $3M $3,597,300 $575.59
Average Sold Price
$1,621,010
$762,245
$1,636,945
$3,451,331
$537.82
$382.71
$594.35
$552.23
Total SFH Sold
69
22
37
10
Total SFH for Sale at End of Period
47
16
24
7
Average Monthly Supply of Inventory
2.0
2.2
1.9
2.1
98%
102%
98%
96%
ALL
< $1M
$1M - $3M
> $3M
$1,509,810
$679,920
$1,678,643
$4,713,800
Average Sold Price per Square Foot
Average Sold Price/Original List Price Ratio
SFH NOV - JAN 2013 Average List Price Average List Price per Square Foot Average Sold Price
$535.67
$347.54
$558.86
$776.62
$1,462,552
$668,220
$1,635,696
$4,464,600
$519.09
$341.56
$545.04
$735.57
Total SFH Sold
58
25
28
5
Total SFH for Sale at End of Period
39
13
17
9
Average Monthly Supply of Inventory
2.0
1.6
1.8
5.4
97%
98%
97%
95%
Average Sold Price per Square Foot
Average Sold Price/Original List Price Ratio
SFH JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
10%
10%
-1%
-24%
Average List Price per Square Foot
3%
8%
9%
-26%
Average Sold Price
11%
14%
0%
-23%
Average Sold Price per Square Foot
4%
12%
9%
-25%
Total SFH Sold
19%
-12%
32%
100%
Total SFH for Sale at End of Period
21%
23%
41%
-22%
Average Monthly Supply of Inventory
1%
40%
7%
-61%
Average Sold Price/Original List Price Ratio
1%
3%
1%
1% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
24
CONDOMINIUM SALES
HANCOCK PARK
HANCOCK PARK MARKET OVERVIEW - JANUARY In Hancock Park - Wilshire there were 16 single family home sales in January 2014, up from 11 in January 2013 and a 43% decrease from the 28 sales closed last month. The average list price for single family home sales in January 2014 was $1,799,008 compared to $956,345 for January 2013, representing an 88% increase. For the three-month period from November to January 2014, the average list price was 10% higher than the same period of the prior year. Average sales price for January 2014 was $1,707,731, compared to that of November through January 2014, which was $1,621,010. Comparing January 2014 to December 2013, Hancock Park - Wilshire saw a 18% increase in average sale price, and a 83% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $495,239 $373.51
< $1M $495,239 $373.51
$1M - $3M $$-
> $3M $$-
Average Sold Price
$488,486
$488,486
$-
$-
Average Sold Price per Square Foot
$368.42
$368.42
$-
$-
Total Condos Sold
44
44
-
-
Total Condos for Sale at End of Period
36
-
-
-
Average Monthly Supply of Inventory
2.5
-
-
-
99%
99%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$467,973
$467,973
$-
$-
Average List Price per Square Foot
$353.41
$353.41
$-
$-
Average Sold Price
$463,879
$463,879
$-
$-
Average Sold Price per Square Foot
$350.31
$350.31
$-
$-
Total Condos Sold
33
33
-
-
Total Condos for Sale at End of Period
22
21
1
-
Average Monthly Supply of Inventory
2.0
1.9
-
-
99%
99%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
6%
6%
0%
0%
Average List Price per Square Foot
6%
6%
0%
0%
Average Sold Price
5%
5%
0%
0%
Average Sold Price per Square Foot
5%
5%
0%
0%
Total Condos Sold
33%
33%
0%
0%
Total Condos for Sale at End of Period
64%
-100%
-100%
0%
Average Monthly Supply of Inventory
23%
-100%
0%
0%
Average Sold Price/Original List Price Ratio
0%
0%
0%
0%
(Source: MLS/CLAW)
25
HOLLYWOOD
SINGLE FAMILY HOME SALES Hollywood puts you right in one of the most desirable districts of Los Angeles real estate. Hollywood’s fame is rooted in its cultural identity, peerless entertainment industry and historical significance as the origin of American cinema. Hollywood is consistently the host of major events such as the Academy Awards and is the paramount tourist attraction with Hollywood Boulevard, the Walk of Fame and the Hollywood Bowl. From the red carpet to Hollywood’s 130-acre national park, Runyon Canyon, this vibrant community radiates its authentic prestige. Hollywood homes and estates are some of the most luxurious in all of California. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $545,447 $425.18
< $1M $545,447 $425.18
$1M - $3M $$-
> $3M $$-
Average Sold Price
$547,391
$547,391
$-
$-
Average Sold Price per Square Foot
$-
$426.69
$426.69
$-
Total SFH Sold
16
16
-
-
Total SFH for Sale at End of Period
9
7
2
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.7
1.3
-
-
100%
100%
0%
0%
SFH NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$642,267
$464,120
$1,533,000
$-
Average List Price per Square Foot
$397.40
$318.82
$633.91
$-
Average Sold Price
$632,222
$459,433
$1,496,167
$-
Average Sold Price per Square Foot
$-
$391.19
$315.60
$618.68
Total SFH Sold
18
15
3
-
Total SFH for Sale at End of Period
9
8
1
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.5
1.6
1.0
-
98%
99%
98%
0%
SFH JAN/JAN COMPARISON Average List Price Average List Price per Square Foot Average Sold Price Average Sold Price per Square Foot Total SFH Sold
ALL
< $1M
$1M - $3M
> $3M
-15%
18%
-100%
0%
7%
33%
-100%
0%
-13%
19%
-100%
0%
9%
35%
-100%
0%
-11%
7%
-100%
0% 0%
Total SFH for Sale at End of Period
0%
-13%
100%
Average Monthly Supply of Inventory
13%
-18%
-100%
0%
Average Sold Price/Original List Price Ratio
2%
1%
-100%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
26
HOLLYWOOD
CONDOMINIUM SALES HOLLYWOOD MARKET OVERVIEW - JANUARY
In Hollywood there were 7 condominium sales in January 2014, which is the same as January 2013 and a 40% increase from the 5 sales closed last month. The average list price for condo sales in January 2014 was $575,213 compared to $525,928 for January 2013, representing a 9% increase. For the three-month period from November to January 2014, the average list price was 1% higher than the same period of the prior year. Average sales price for January 2014 was $579,786, compared to that of November through January 2014, which was $571,068. Comparing January 2014 to December 2013, Hollywood saw a 17% decrease in average sale price, but a 9% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $574,250 $475.95
< $1M $546,833 $460.94
$1M - $3M $1,150,000 $705.09
> $3M $$-
Average Sold Price
$571,068
$546,119
$1,095,000
$-
Average Sold Price per Square Foot
$473.31
$460.34
$671.37
$-
Total Condos Sold
22
21
1
-
Total Condos for Sale at End of Period
37
-
-
-
Average Monthly Supply of Inventory
5.0
-
-
-
99%
100%
95%
0%
Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$569,978
$553,867
$1,150,000
$-
Average List Price per Square Foot
$428.79
$421.88
$598.96
$-
Average Sold Price
$566,579
$552,595
$1,070,000
$-
Average Sold Price per Square Foot
$426.23
$420.91
$557.29
$-
Total Condos Sold
37
36
1
-
Total Condos for Sale at End of Period
33
32
1
-
Average Monthly Supply of Inventory
2.7
2.7
3.0
-
99%
100%
93%
0%
Average Sold Price/Original List Price Ratio
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
1%
-1%
0%
0%
Average List Price per Square Foot
11%
9%
18%
0%
Average Sold Price
1%
-1%
2%
0%
Average Sold Price per Square Foot
11%
9%
20%
0%
Total Condos Sold
-41%
-42%
0%
0%
Total Condos for Sale at End of Period
12%
-100%
-100%
0%
Average Monthly Supply of Inventory
89%
-100%
-100%
0%
Average Sold Price/Original List Price Ratio
0%
0%
2%
0%
(Source: MLS/CLAW)
27
HOLLYWOOD HILLS EAST
SINGLE FAMILY HOME SALES
Hollywood Hills real estate means breathtaking homes in a sought-after neighborhood of Los Angeles. It is located overlooking the city in the southeastern Santa Monica Mountains. High above the city, the views of Downtown Los Angeles and the Pacific, and the calm and serenity that can be found there make the Hills a draw for many celebrities and non-celebrities alike. A number of Hollywood Hills homes can be found on the Bird Streets above the Sunset Strip, Laurel Canyon and Beachwood Canyon. Mulholland Drive, famed on its own, can be found along the top of the Hills. Homes here can range from Mid-Century masterpieces to stunning modern Architectural to traditional hillside. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $1,302,895 $537.47
< $1M $838,238 $475.66
$1M - $3M $1,596,363 $559.48
> $3M $$-
Average Sold Price
$1,267,264
$810,598
$1,555,684
$$-
$522.52
$458.77
$545.22
Total SFH Sold
31
12
19
-
Total SFH for Sale at End of Period
38
10
28
-
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
3.7
2.5
4.4
-
97%
97%
97%
0%
SFH NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$994,937
$743,600
$1,344,017
$-
Average List Price per Square Foot
$414.29
$402.85
$423.53
$-
Average Sold Price
$965,807
$721,168
$1,305,583
$-
Average Sold Price per Square Foot
$-
$402.16
$390.70
$411.42
Total SFH Sold
43
25
18
-
Total SFH for Sale at End of Period
41
18
20
3
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
2.9
2.2
3.3
-
97%
97%
97%
0%
SFH JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
31%
13%
19%
0%
Average List Price per Square Foot
30%
18%
32%
0%
Average Sold Price
31%
12%
19%
0%
Average Sold Price per Square Foot
30%
17%
33%
0%
Total SFH Sold
-28%
-52%
6%
0% -100%
Total SFH for Sale at End of Period
-7%
-44%
40%
Average Monthly Supply of Inventory
29%
16%
33%
0%
Average Sold Price/Original List Price Ratio
0%
0%
0%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
28
HOLLYWOOD HILLS EAST
CONDOMINIUM SALES HOLLYWOOD HILLS EAST MARKET OVERVIEW - JANUARY
In Hollywood Hills East there were 11 single family home sales in January 2014, up from 7 in January 2013 and a 57% increase from the 7 sales closed last month. The average list price for single family home sales in January 2014 was $1,438,545 compared to $900,986 for January 2013, representing a 60% increase. For the three-month period from November to January 2014, the average list price was 31% higher than the same period of the prior year. Average sales price for January 2014 was $1,412,395, compared to that of November through January 2014, which was $1,267,264. Comparing January 2014 to December 2013, Hollywood Hills East saw a 4% increase in average sale price, and a 61% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $374,833 $341.65
< $1M $374,833 $341.65
$1M - $3M $$-
> $3M $$-
Average Sold Price
$371,333
$371,333
$-
$-
Average Sold Price per Square Foot
$338.46
$338.46
$-
$-
Total Condos Sold
9
9
-
-
Total Condos for Sale at End of Period
10
-
-
-
Average Monthly Supply of Inventory
3.3
-
-
-
99%
99%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$346,467
$346,467
$-
$-
Average List Price per Square Foot
$300.71
$300.71
$-
$-
Average Sold Price
$328,667
$328,667
$-
$-
Average Sold Price per Square Foot
$285.26
$285.26
$-
$-
Total Condos Sold
6
6
-
-
Total Condos for Sale at End of Period
10
10
-
-
Average Monthly Supply of Inventory
5.0
5.0
-
-
95%
95%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
8%
8%
0%
0%
Average List Price per Square Foot
14%
14%
0%
0%
Average Sold Price
13%
13%
0%
0%
Average Sold Price per Square Foot
19%
19%
0%
0%
Total Condos Sold
50%
50%
0%
0%
Total Condos for Sale at End of Period Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio (Source: MLS/CLAW)
29
0%
-100%
0%
0%
-33%
-100%
0%
0%
4%
4%
0%
0%
LOS FELIZ
SINGLE FAMILY HOME SALES Richly immersed with history dating back to the nineteenth century, Los Feliz is located just south of the Santa Monica Mountains and is adjacent to Hollywood. The area features the Griffith Observatory, the Greek Theatre, and the Los Angeles Zoo. Los Feliz homes offer a welcoming and cohesive community recognized for its chic sophistication. Historic and noted homes can be found throughout Los Feliz, which has an enclave of celebrity residents. Los Feliz is known for its grand Spanish estates, charming California bungalows and many original craftsman homes. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $1,432,304 $602.42
< $1M $694,979 $604.21
$1M - $3M $1,630,310 $551.63
> $3M $6,750,000 $1,676.60
Average Sold Price
$1,416,285
$714,967
$1,608,046
$6,375,000 $1,583.46
$595.35
$621.40
$544.10
Total SFH Sold
45
15
29
1
Total SFH for Sale at End of Period
55
15
30
10
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
3.7
3.0
3.1
30.0
99%
103%
99%
94%
SFH NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
$1,013,077
$686,261
$1,516,920
$-
Average List Price per Square Foot
$480.81
$467.39
$490.40
$-
Average Sold Price
$992,502
$684,069
$1,468,003
$-
Average Sold Price per Square Foot
$-
Average List Price
$471.03
$466.05
$474.58
Total SFH Sold
61
37
24
-
Total SFH for Sale at End of Period
50
16
26
8
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
2.5
1.3
3.3
-
98%
100%
97%
0%
SFH JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
41%
1%
7%
0%
Average List Price per Square Foot
25%
29%
12%
0%
Average Sold Price
43%
5%
10%
0%
Average Sold Price per Square Foot
26%
33%
15%
0%
Total SFH Sold
-26%
-59%
21%
0% 25%
Total SFH for Sale at End of Period
10%
-6%
15%
Average Monthly Supply of Inventory
49%
131%
-5%
0%
Average Sold Price/Original List Price Ratio
1%
3%
2%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
30
LOS FELIZ
CONDOMINIUM SALES LOS FELIZ MARKET OVERVIEW - JANUARY
In Los Feliz there were 14 single family home sales in January 2014, down from 21 in January 2013 and a 22% decrease from the 18 sales closed last month. The average list price for single family home sales in January 2014 was $1,476,136 compared to $971,942 for January 2013, representing a 52% increase. For the three-month period from November to January 2014, the average list price was 41% higher than the same period of the prior year. Average sales price for January 2014 was $1,427,255, compared to that of November through January 2014, which was $1,416,285. Comparing January 2014 to December 2013, Los Feliz saw a 6% decrease in average sale price, but a 51% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $518,800 $418.25
< $1M $518,800 $418.25
$1M - $3M $$-
> $3M $$-
Average Sold Price
$542,810
$542,810
$-
$-
Average Sold Price per Square Foot
$437.61
$437.61
$-
$-
Total Condos Sold
10
10
-
-
Total Condos for Sale at End of Period
4
-
-
-
1.2
-
-
-
105%
105%
0%
0%
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$433,000
$433,000
$-
$-
Average List Price per Square Foot
$431.36
$431.36
$-
$-
Average Sold Price
$427,800
$427,800
$-
$-
Average Sold Price per Square Foot
$426.18
$426.18
$-
$-
Total Condos Sold
5
5
-
-
Total Condos for Sale at End of Period
2
1
1
-
1.2
0.6
-
-
99%
99%
0%
0%
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
20%
20%
0%
0%
Average List Price per Square Foot
-3%
-3%
0%
0%
Average Sold Price
27%
27%
0%
0%
Average Sold Price per Square Foot
3%
3%
0%
0%
Total Condos Sold
100%
100%
0%
0%
Total Condos for Sale at End of Period
100%
-100%
-100%
0%
Average Monthly Supply of Inventory
0%
-100%
0%
0%
Average Sold Price/Original List Price Ratio
6%
6%
0%
0%
(Source: MLS/CLAW)
31
MALIBU
SINGLE FAMILY HOME SALES Few names can evoke visions of beach living and casual elegance as readily as Malibu, California. Embracing nearly 27 miles of gorgeous California coastline, Malibu has long been home to some of the most influential people in the world. The terrain varies widely, and some of Malibu’s famous beaches and surf spots include Surfrider Beach, Zuma Beach and Le Carrillo Beach. Ocean-side dining, boutique shops and gorgeous beaches combine to create the unique lifestyle that exemplifies living in a Malibu home. Sotheby’s International Realty, Inc provides some breathtaking Malibu properties with oceanfront and spectacular beach views. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $3,074,952 $767.85
< $1M $872,317 $400.08
$1M - $3M $1,993,435 $642.33
> $3M $5,614,333 $938.99
Average Sold Price
$2,799,419
$780,583
$1,878,816
$5,018,545 $829.02
$693.41
$358.01
$602.94
Total SFH Sold
44
6
23
15
Total SFH for Sale at End of Period
125
5
42
78
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
8.5
2.5
5.5
15.6
91%
89%
94%
89%
ALL
< $1M
$1M - $3M
> $3M
$2,221,748
$831,450
$1,919,124
$4,780,000
SFH NOV - JAN 2013 Average List Price Average List Price per Square Foot Average Sold Price
$655.20
$387.57
$600.51
$940.64
$2,028,533
$727,227
$1,774,113
$4,325,000
$601.43
$338.99
$557.28
$858.07
Total SFH Sold
55
11
34
10
Total SFH for Sale at End of Period
123
7
63
53
Average Monthly Supply of Inventory
6.7
1.9
5.6
15.9
91%
87%
92%
90%
Average Sold Price per Square Foot
Average Sold Price/Original List Price Ratio
SFH JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
38%
5%
4%
17%
Average List Price per Square Foot
17%
3%
7%
0%
Average Sold Price
38%
7%
6%
16%
Average Sold Price per Square Foot
15%
6%
8%
-3%
Total SFH Sold
-20%
-45%
-32%
50% 47%
Total SFH for Sale at End of Period
2%
-29%
-33%
Average Monthly Supply of Inventory
27%
31%
-1%
-2%
Average Sold Price/Original List Price Ratio
0%
2%
2%
-1% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
32
MALIBU
CONDOMINIUM SALES MALIBU MARKET OVERVIEW - JANUARY
In Malibu there were 10 single family home sales in January 2014, which is the same as January 2013 and a 33% decrease from the 15 sales closed last month. The average list price for single family home sales in January 2014 was $3,205,400 compared to $1,857,325 for January 2013, representing a 73% increase. For the three-month period from November to January 2014, the average list price was 38% higher than the same period of the prior year. Average sales price for January 2014 was $2,923,000, compared to that of November through January 2014, which was $2,799,419. Comparing January 2014 to December 2013, Malibu saw a 4% decrease in average sale price, but a 67% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $594,583 $488.97
< $1M $594,583 $488.97
$1M - $3M $$-
> $3M $$-
Average Sold Price
$580,167
$580,167
$-
$-
Average Sold Price per Square Foot
$477.11
$477.11
$-
$-
Total Condos Sold
6
6
-
-
Total Condos for Sale at End of Period
15
-
-
-
Average Monthly Supply of Inventory
7.5
-
-
-
98%
98%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$622,286
$533,500
$1,155,000
$-
Average List Price per Square Foot
$429.08
$395.77
$559.59
$-
Average Sold Price
$600,714
$519,167
$1,090,000
$-
Average Sold Price per Square Foot
$-
$414.20
$385.14
$528.10
Total Condos Sold
7
6
1
-
Total Condos for Sale at End of Period
17
14
2
1
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
7.3
7.0
6.0
-
97%
97%
94%
0%
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
-4%
11%
-100%
0%
Average List Price per Square Foot
14%
24%
-100%
0%
Average Sold Price
-3%
12%
-100%
0%
Average Sold Price per Square Foot
15%
24%
-100%
0%
Total Condos Sold
-14%
0%
-100%
0%
Total Condos for Sale at End of Period
-12%
-100%
-100%
-100%
Average Monthly Supply of Inventory
3%
-100%
-100%
0%
Average Sold Price/Original List Price Ratio
1%
0%
-100%
0%
(Source: MLS/CLAW)
33
MALIBU BEACH
SINGLE FAMILY HOME SALES Where the majestic Pacific meets golden sands, Malibu Beach is conveniently located within short drives of Santa Monica, Beverly Hills and Los Angeles International Airport. The areaâ&#x20AC;&#x2122;s beachfront properties, vineyards and ranches are the destination for some of the most influential people, seeking a unique supply of Malibu Beach real estate. Malibu Beach offers the best of the best, from luxurious beachfront properties on the sand to extraordinary estates, mansions, vineyards, and ranches on the bluffs overlooking the Pacific Ocean and lining the hillsides with views of the Channel Islands offshore. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $6,402,769 $2,086.97
< $1M $$-
$1M - $3M $2,357,667 $1,469.13
> $3M $7,616,300 $2,169.74
Average Sold Price
$5,969,279
$-
$2,194,167
$7,101,813
Average Sold Price per Square Foot
$2,052.87
$1,976.16
$-
$1,403.52
Total SFH Sold
13
-
3
10
Total SFH for Sale at End of Period
45
-
6
39
Average Monthly Supply of Inventory
10.4
-
6.0
11.7
Average Sold Price/Original List Price Ratio
93%
0%
93%
93%
SFH NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
$8,554,085
$-
$2,050,000
$9,736,646
Average List Price per Square Foot
$2,615.21
$-
$832.49
$2,877.55
Average Sold Price
$7,409,673
$-
$2,195,823
$8,357,646
Average Sold Price per Square Foot
Average List Price
$2,258.95
$-
$891.70
$2,460.16
Total SFH Sold
13
-
2
11
Total SFH for Sale at End of Period
62
-
6
56
Average Monthly Supply of Inventory
14.3
-
9.0
15.3
Average Sold Price/Original List Price Ratio
87%
0%
107%
86%
SFH JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
-25%
0%
15%
-22%
Average List Price per Square Foot
-20%
0%
76%
-25%
Average Sold Price
-19%
0%
0%
-15%
Average Sold Price per Square Foot
-13%
0%
57%
-17%
0%
0%
50%
-9%
Total SFH for Sale at End of Period
-27%
0%
0%
-30%
Average Monthly Supply of Inventory
-27%
0%
-33%
-23%
8%
0%
-13%
9%
Total SFH Sold
Average Sold Price/Original List Price Ratio
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
34
MALIBU BEACH
CONDOMINIUM SALES MALIBU BEACH MARKET OVERVIEW - JANUARY
In Malibu Beach there were 2 single family home sales in January 2014, which is the same as January 2013 and a 78% decrease from the 9 sales closed last month. The average list price for single family home sales in January 2014 was $4,947,000 compared to $3,115,000 for January 2013, representing a 59% increase. For the three-month period from November to January 2014, the average list price was 25% lower than the same period of the prior year. Average sales price for January 2014 was $4,716,250, compared to that of November through January 2014, which was $5,969,279. Comparing January 2014 to December 2013, Malibu Beach saw a 27% decrease in average sale price, but a 49% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $2,465,000 $1,881.20
< $1M $895,000 $857.28
$1M - $3M $2,500,000 $2,369.67
> $3M $4,000,000 $2,183.41
Average Sold Price
$2,163,333
$830,000
$1,885,000
$3,775,000
Average Sold Price per Square Foot
$1,650.98
$795.02
$1,786.73
$2,060.59
Total Condos Sold
3
1
1
1
Total Condos for Sale at End of Period
21
-
-
-
Average Monthly Supply of Inventory
21.0
-
-
-
Average Sold Price/Original List Price Ratio
88%
93%
75%
94%
CONDOS NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$749,000
$749,000
$-
$-
Average List Price per Square Foot
$1,451.55
$1,451.55
$-
$-
Average Sold Price
$725,000
$725,000
$-
$-
Average Sold Price per Square Foot
$-
$1,405.04
$1,405.04
$-
Total Condos Sold
1
1
-
-
Total Condos for Sale at End of Period
9
8
-
1
Average Monthly Supply of Inventory
27.0
24.0
-
-
Average Sold Price/Original List Price Ratio
97%
97%
0%
0%
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
229%
19%
0%
0%
Average List Price per Square Foot
30%
-41%
0%
0%
Average Sold Price
198%
14%
0%
0%
Average Sold Price per Square Foot
18%
-43%
0%
0%
Total Condos Sold
200%
0%
0%
0%
Total Condos for Sale at End of Period
133%
-100%
0%
-100%
Average Monthly Supply of Inventory
-22%
-100%
0%
0%
Average Sold Price/Original List Price Ratio
-9%
-4%
0%
0%
(Source: MLS/CLAW)
35
MARINA DEL REY
SINGLE FAMILY HOME SALES With its blue waters and gleaming boats, sitting in the worldâ&#x20AC;&#x2122;s largest manmade smallcraft harbor, Marina del Rey is an oasis of leisure and elegance in sunny Southern California. Offering relaxing and beautiful views of the Pacific, Marina del Rey is home to both estates and beach condominiums, and has access to boating, sailing, fishing and a variety of water sports. Marina Del Rey is conveniently located five miles from Los Angeles International Airport and just minutes from the San Diego and Marina freeways. Adjacent to Venice Beach and Santa Monica, Marina Del Rey is also close to major shopping malls, movie theaters, Hollywood, Beverly Hills and Downtown Los Angeles. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $2,025,000 $626.41
< $1M $739,000 $728.08
$1M - $3M $2,239,333 $620.94
> $3M $$-
Average Sold Price
$1,872,571
$713,000
$2,065,833
$$-
$573.63
$702.46
$566.71
Total SFH Sold
7
1
6
-
Total SFH for Sale at End of Period
15
5
5
5
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
6.4
15.0
2.5
-
92%
96%
92%
0%
SFH NOV - JAN 2013 Average List Price Average List Price per Square Foot Average Sold Price
ALL
< $1M
$1M - $3M
> $3M
$1,591,500
$809,000
$2,061,000
$-
$516.72
$609.19
$498.89
$-
$1,558,875
$822,000
$2,001,000
$$-
$506.13
$618.98
$484.36
Total SFH Sold
8
3
5
-
Total SFH for Sale at End of Period
11
-
7
4
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
4.1
-
4.2
-
98%
102%
97%
0%
SFH JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
27%
-9%
9%
0%
Average List Price per Square Foot
21%
20%
24%
0%
Average Sold Price
20%
-13%
3%
0%
Average Sold Price per Square Foot
13%
13%
17%
0%
Total SFH Sold
-13%
-67%
20%
0% 25%
Total SFH for Sale at End of Period
36%
0%
-29%
Average Monthly Supply of Inventory
56%
0%
-40%
0%
Average Sold Price/Original List Price Ratio
-6%
-5%
-5%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
36
MARINA DEL REY
CONDOMINIUM SALES MARINA DEL REY MARKET OVERVIEW - JANUARY
In Marina Del Rey there were 19 condominium sales in January 2014, down from 21 in January 2013 and a 49% decrease from the 37 sales closed last month. The average list price for condo sales in January 2014 was $1,001,021 compared to $531,324 for January 2013, representing an 88% increase. For the three-month period from November to January 2014, the average list price was 11% higher than the same period of the prior year. Average sales price for January 2014 was $977,958, compared to that of November through January 2014, which was $780,759. Comparing January 2014 to December 2013, Marina Del Rey saw a 47% increase in average sale price, and a 85% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $801,199 $529.32
< $1M $661,259 $458.36
$1M - $3M $1,499,778 $825.82
> $3M $3,750,000 $974.53
Average Sold Price
$780,759
$648,374
$1,431,667
$3,660,000
Average Sold Price per Square Foot
$516.30
$450.10
$788.31
$951.14
Total Condos Sold
76
66
9
1
Total Condos for Sale at End of Period
102
-
-
-
Average Monthly Supply of Inventory
4.0
-
-
-
97%
98%
95%
98%
Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$719,230
$577,939
$2,061,500
$-
Average List Price per Square Foot
$479.92
$402.19
$908.68
$-
Average Sold Price
$690,897
$566,124
$1,876,238
$-
Average Sold Price per Square Foot
$-
$461.83
$395.63
$827.02
Total Condos Sold
63
57
6
-
Total Condos for Sale at End of Period
62
27
33
2
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
3.0
1.4
16.5
-
96%
98%
91%
0%
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
11%
14%
-27%
0%
Average List Price per Square Foot
10%
14%
-9%
0%
Average Sold Price
13%
15%
-24%
0%
Average Sold Price per Square Foot
12%
14%
-5%
0%
Total Condos Sold
21%
16%
50%
0%
Total Condos for Sale at End of Period
65%
-100%
-100%
-100%
Average Monthly Supply of Inventory
36%
-100%
-100%
0%
Average Sold Price/Original List Price Ratio
1%
0%
5%
0%
(Source: MLS/CLAW)
37
MID LOS ANGELES
SINGLE FAMILY HOME SALES Mid Los Angeles is a district in Los Angeles, California, known for its Spanish-style and traditional residences, as well as duplex properties. 2.5 miles south of Hollywood and 3.5 miles west of downtown Los Angeles, Mid Los Angeles contains Brookside, Crestview, Fremont Place, Lafayette Square, Little Ethiopia, Picfair Village and Victoria Park. Mid Los Angeles is a great neighborhood, centrally located, great commercial and recreational opportunities and close to all. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $488,897 $292.62
< $1M $464,790 $285.51
$1M - $3M $1,188,000 $405.37
> $3M $$-
Average Sold Price
$487,831
$464,911
$1,152,500
$-
Average Sold Price per Square Foot
$-
$292.17
$285.79
$393.26
Total SFH Sold
90
87
3
-
Total SFH for Sale at End of Period
65
60
5
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
2.2
2.1
5.0
-
100%
100%
97%
0%
SFH NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$342,966
$342,966
$-
$-
Average List Price per Square Foot
$217.01
$217.01
$-
$-
Average Sold Price
$341,607
$341,607
$-
$-
Average Sold Price per Square Foot
$-
$216.15
$216.15
$-
Total SFH Sold
104
104
-
-
Total SFH for Sale at End of Period
49
48
1
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.4
1.4
-
-
100%
100%
0%
0%
SFH JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
43%
36%
0%
0%
Average List Price per Square Foot
35%
32%
0%
0%
Average Sold Price
43%
36%
0%
0%
Average Sold Price per Square Foot
35%
32%
0%
0%
Total SFH Sold
-13%
-16%
0%
0% 0%
Total SFH for Sale at End of Period
33%
25%
400%
Average Monthly Supply of Inventory
53%
49%
0%
0%
Average Sold Price/Original List Price Ratio
0%
0%
0%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
38
MID LOS ANGELES
CONDOMINIUM SALES MID LOS ANGELES MARKET OVERVIEW - JANUARY
In Mid Los Angeles there were 24 single family home sales in January 2014, down from 27 in January 2013 and a 14% decrease from the 28 sales closed last month. The average list price for single family home sales in January 2014 was $461,736 compared to $311,596 for January 2013, representing a 48% increase. For the three-month period from November to January 2014, the average list price was 43% higher than the same period of the prior year. Average sales price for January 2014 was $458,124, compared to that of November through January 2014, which was $487,831. Comparing January 2014 to December 2013, Mid Los Angeles saw a 8% decrease in average sale price, but a 47% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $350,000 $315.32
< $1M $350,000 $315.32
$1M - $3M $$-
> $3M $$-
Average Sold Price
$365,000
$365,000
$-
$-
Average Sold Price per Square Foot
$328.83
$328.83
$-
$-
Total Condos Sold
1
1
-
-
Total Condos for Sale at End of Period
1
-
-
-
3.0
-
-
-
104%
104%
0%
0%
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$279,379
$279,379
$-
$-
Average List Price per Square Foot
$263.85
$263.85
$-
$-
Average Sold Price
$277,479
$277,479
$-
$-
Average Sold Price per Square Foot
$262.05
$262.05
$-
$-
Total Condos Sold
7
7
-
-
Total Condos for Sale at End of Period
3
3
-
-
1.3
1.3
-
-
99%
99%
0%
0%
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
25%
25%
0%
0%
Average List Price per Square Foot
20%
20%
0%
0%
Average Sold Price
32%
32%
0%
0%
Average Sold Price per Square Foot
25%
25%
0%
0%
Total Condos Sold
-86%
-86%
0%
0%
Total Condos for Sale at End of Period
-67%
-100%
0%
0%
Average Monthly Supply of Inventory
133%
-100%
0%
0%
5%
5%
0%
0%
Average Sold Price/Original List Price Ratio (Source: MLS/CLAW)
39
MID WILSHIRE
SINGLE FAMILY HOME SALES Mid Wilshire, also known as Midtown, contains neighborhoods like Hancock Park, Windsor Square, Carthay Circle and Lafayette Square. Mid Wilshire offers some of Los Angeles’s most magnificent residential architecture, primarily in traditional city neighborhood settings. Mid Wilshire contains Little Ethiopia, Miracle Mile, Park La Brea, Park Mile and Wilshire Vista, all known for the area’s stunning residential architecture. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $582,180 $357.91
< $1M $582,180 $357.91
$1M - $3M $$-
> $3M $$-
Average Sold Price
$570,050
$570,050
$-
$-
Average Sold Price per Square Foot
$-
$350.45
$350.45
$-
Total SFH Sold
10
10
-
-
Total SFH for Sale at End of Period
12
9
3
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
3.6
2.7
-
-
98%
98%
0%
0%
SFH NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$472,560
$472,560
$-
$-
Average List Price per Square Foot
$270.10
$270.10
$-
$-
Average Sold Price
$476,600
$476,600
$-
$-
Average Sold Price per Square Foot
$-
$272.41
$272.41
$-
Total SFH Sold
10
10
-
-
Total SFH for Sale at End of Period
14
13
1
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
4.2
3.9
-
-
101%
101%
0%
0%
SFH JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
23%
23%
0%
0%
Average List Price per Square Foot
33%
33%
0%
0%
Average Sold Price
20%
20%
0%
0%
Average Sold Price per Square Foot
29%
29%
0%
0%
Total SFH Sold
0%
0%
0%
0% 0%
Total SFH for Sale at End of Period
-14%
-31%
200%
Average Monthly Supply of Inventory
-14%
-31%
0%
0%
Average Sold Price/Original List Price Ratio
-3%
-3%
0%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
40
MID WILSHIRE
CONDOMINIUM SALES MID WILSHIRE MARKET OVERVIEW - JANUARY
In Mid Wilshire there were 8 condominium sales in January 2014, down from 17 in January 2013 and a 33% decrease from the 12 sales closed last month. The average list price for condo sales in January 2014 was $536,000 compared to $362,994 for January 2013, representing a 48% increase. For the three-month period from November to January 2014, the average list price was 20% higher than the same period of the prior year. Average sales price for January 2014 was $524,125, compared to that of November through January 2014, which was $425,306. Comparing January 2014 to December 2013, Mid Wilshire saw a 15% increase in average sale price, and a 45% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $428,397 $381.56
< $1M $428,397 $381.56
$1M - $3M $$-
> $3M $$-
Average Sold Price
$425,306
$425,306
$-
$-
Average Sold Price per Square Foot
$378.80
$378.80
$-
$-
Total Condos Sold
38
38
-
-
Total Condos for Sale at End of Period
44
-
-
-
Average Monthly Supply of Inventory
3.5
-
-
-
99%
99%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$356,706
$356,706
$-
$-
Average List Price per Square Foot
$329.59
$329.59
$-
$-
Average Sold Price
$351,094
$351,094
$-
$-
Average Sold Price per Square Foot
$324.41
$324.41
$-
$-
Total Condos Sold
49
49
-
-
Total Condos for Sale at End of Period
31
29
2
-
Average Monthly Supply of Inventory
1.9
1.8
-
-
98%
98%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
20%
20%
0%
0%
Average List Price per Square Foot
16%
16%
0%
0%
Average Sold Price
21%
21%
0%
0%
Average Sold Price per Square Foot
17%
17%
0%
0%
Total Condos Sold
-22%
-22%
0%
0%
Total Condos for Sale at End of Period
42%
-100%
-100%
0%
Average Monthly Supply of Inventory
83%
-100%
0%
0%
Average Sold Price/Original List Price Ratio
-1%
-1%
-2%
0%
(Source: MLS/CLAW)
41
MOUNT WASHINGTON
SINGLE FAMILY HOME SALES
Founded in 1909, Mount Washington is located on the eastside of Los Angeles neighboring Glassell Park, Eagle Rock, Highland Park and Montecito Heights and its close proximity to both Pasadena and Downtown Los Angeles have made it popular for homebuyers. It is known for the many 1950s and 1960s modernist homes that can be found here. Recently the area has become a more affordable alternative to the more pricey Westside. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $609,708 $363.70
< $1M $609,708 $363.70
$1M - $3M $$-
> $3M $$-
Average Sold Price
$611,648
$611,648
$-
$-
Average Sold Price per Square Foot
$-
$365.25
$365.25
$-
Total SFH Sold
34
34
-
-
Total SFH for Sale at End of Period
30
28
2
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
2.6
2.5
-
-
100%
100%
0%
0%
SFH NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$490,421
$490,421
$-
$-
Average List Price per Square Foot
$332.27
$332.27
$-
$-
Average Sold Price
$486,518
$486,518
$-
$-
Average Sold Price per Square Foot
$-
$329.31
$329.31
$-
Total SFH Sold
42
42
-
-
Total SFH for Sale at End of Period
26
26
-
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.9
1.9
-
-
99%
99%
0%
0%
SFH JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
24%
24%
0%
0%
Average List Price per Square Foot
9%
9%
0%
0%
Average Sold Price
26%
26%
0%
0%
Average Sold Price per Square Foot
11%
11%
0%
0%
Total SFH Sold
-19%
-19%
0%
0% 0%
Total SFH for Sale at End of Period
15%
8%
0%
Average Monthly Supply of Inventory
43%
33%
0%
0%
Average Sold Price/Original List Price Ratio
1%
1%
0%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
42
MOUNT WASHINGTON
CONDOMINIUM SALES MOUNT WASHINGTON MARKET OVERVIEW - JANUARY
In Mount Washington there were 10 single family home sales in January 2014, down from 13 in January 2013 and a 17% decrease from the 12 sales closed last month. The average list price for single family home sales in January 2014 was $570,180 compared to $453,554 for January 2013, representing a 26% increase. For the three-month period from November to January 2014, the average list price was 24% higher than the same period of the prior year. Average sales price for January 2014 was $570,050, compared to that of November through January 2014, which was $611,648. Comparing January 2014 to December 2013, Mount Washington saw a 13% decrease in average sale price, but a 31% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014
ALL $$-
< $1M $$-
$1M - $3M $$-
> $3M $$-
Average Sold Price
$-
$-
$-
$-
Average Sold Price per Square Foot
$-
$-
$-
$-
Total Condos Sold
-
-
-
-
Total Condos for Sale at End of Period
-
-
-
-
Average Monthly Supply of Inventory
-
-
-
-
0%
0%
0%
0%
Average List Price Average List Price per Square Foot
Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$-
$-
$-
$-
Average List Price per Square Foot
$-
$-
$-
$-
Average Sold Price
$-
$-
$-
$-
Average Sold Price per Square Foot
$-
$-
$-
$-
Total Condos Sold
-
-
-
-
Total Condos for Sale at End of Period
-
-
-
-
Average Monthly Supply of Inventory
-
-
-
-
0%
0%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
0%
0%
0%
0%
Average List Price per Square Foot
0%
0%
0%
0%
Average Sold Price
0%
0%
0%
0%
Average Sold Price per Square Foot
0%
0%
0%
0%
Total Condos Sold
0%
0%
0%
0%
Total Condos for Sale at End of Period
0%
0%
0%
0%
Average Monthly Supply of Inventory
0%
0%
0%
0%
Average Sold Price/Original List Price Ratio
0%
0%
0%
0%
(Source: MLS/CLAW)
43
PACIFIC PALISADES
SINGLE FAMILY HOME SALES Among Los Angelesâ&#x20AC;&#x2122; most desired neighborhoods, Pacific Palisades sits against a stunning backdrop with views of the Santa Monica mountains, the Pacific Coast, and several canyons that run between them. Pacific Palisades is home to the wellknown J. Paul Getty Villa museum and beautiful parks offering sporting activities and breathtaking views including Topanga Canyon State Park, Will Rogers State Historic Park and Polo Club, and Rustin Canyon Park, as well as community events such as the annual parade and fireworks display. Pacific Palisades offers sophisticated traditional estates, dramatic architectural residences, custom-built properties and inviting homes close to Palisades Village. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $2,880,231 $865.42
< $1M $$-
$1M - $3M $2,003,306 $789.09
> $3M $4,853,313 $961.75
Average Sold Price
$2,808,853
$-
$1,977,915
$4,678,463 $917.38
$840.99
$-
$780.46
Total SFH Sold
52
-
36
16
Total SFH for Sale at End of Period
73
1
24
48
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
4.2
-
2.0
9.0
98%
0%
99%
96%
ALL
< $1M
$1M - $3M
> $3M
$2,588,344
$949,000
$1,862,356
$5,203,467
SFH NOV - JAN 2013 Average List Price Average List Price per Square Foot Average Sold Price
$711.70
$519.00
$621.30
$885.67
$2,507,790
$926,000
$1,825,078
$4,977,739
$689.20
$506.43
$608.86
$844.87
Total SFH Sold
64
4
45
15
Total SFH for Sale at End of Period
59
1
28
30
Average Monthly Supply of Inventory
2.8
0.8
1.9
6.0
97%
98%
98%
96%
Average Sold Price per Square Foot
Average Sold Price/Original List Price Ratio
SFH JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
11%
-100%
8%
-7%
Average List Price per Square Foot
22%
-100%
27%
9%
Average Sold Price
12%
-100%
8%
-6%
Average Sold Price per Square Foot
22%
-100%
28%
9%
Total SFH Sold
-19%
-100%
-20%
7%
Total SFH for Sale at End of Period
24%
0%
-14%
60%
Average Monthly Supply of Inventory
52%
-100%
7%
50%
Average Sold Price/Original List Price Ratio
1%
-100%
1%
1% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
44
PACIFIC PALISADES
CONDOMINIUM SALES PACIFIC PALISADES MARKET OVERVIEW - JANUARY
In Pacific Palisades there were 14 single family home sales in January 2014, up from 12 in January 2013 and a 36% decrease from the 22 sales closed last month. The average list price for single family home sales in January 2014 was $2,642,286 compared to $2,112,292 for January 2013, representing a 25% increase. For the three-month period from November to January 2014, the average list price was 11% higher than the same period of the prior year. Average sales price for January 2014 was $2,495,214, compared to that of November through January 2014, which was $2,808,853. Comparing January 2014 to December 2013, Pacific Palisades saw a 26% decrease in average sale price, but a 18% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $958,136 $578.06
< $1M $713,742 $473.88
$1M - $3M $999,000 $670.92
> $3M $3,850,000 $1,057.11
Average Sold Price
$945,031
$710,453
$1,105,000
$3,600,000
Average Sold Price per Square Foot
$570.15
$471.70
$742.11
$988.47
Total Condos Sold
14
12
1
1
Total Condos for Sale at End of Period
12
-
-
-
Average Monthly Supply of Inventory
2.6
-
-
-
99%
100%
111%
94%
Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$785,075
$727,229
$1,190,000
$-
Average List Price per Square Foot
$406.47
$401.93
$427.14
$-
Average Sold Price
$763,250
$709,786
$1,137,500
$-
Average Sold Price per Square Foot
$395.17
$392.29
$408.29
$-
Total Condos Sold
16
14
2
-
Total Condos for Sale at End of Period
10
10
-
-
Average Monthly Supply of Inventory
1.9
2.1
-
-
97%
98%
96%
0%
Average Sold Price/Original List Price Ratio
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
22%
-2%
-16%
0%
Average List Price per Square Foot
42%
18%
57%
0%
Average Sold Price
24%
0%
-3%
0%
Average Sold Price per Square Foot
44%
20%
82%
0%
Total Condos Sold
-13%
-14%
-50%
0%
Total Condos for Sale at End of Period
20%
-100%
0%
0%
Average Monthly Supply of Inventory
37%
-100%
0%
0%
Average Sold Price/Original List Price Ratio
1%
2%
16%
0%
(Source: MLS/CLAW)
45
PALMS - MAR VISTA
SINGLE FAMILY HOME SALES Adjacent to Culver City and minutes from the ocean and UCLA is the community of Palms – Mar Vista. Named after its magnificent views of the ocean along its hilly border near Santa Monica, Palms – Mar Vista is one of the oldest communities in Los Angeles and one of the least dense in all of West Los Angeles. Palms – Mar Vista is full of homes built during the 1920s and 1930s as well as an abundance of wonderfully preserved mid-century modern architecture. Those seeking 1920s homes, 1930s homes and mid-century modern architecture can also enjoy the area’s Mar Vista Park, covering an entire city block with a new recreation center and roller hockey rink. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $1,052,870 $592.42
< $1M $785,102 $582.18
$1M - $3M $1,387,581 $600.06
> $3M $$-
Average Sold Price
$1,060,056
$790,774
$1,396,659
$$-
$596.96
$586.42
$604.83
Total SFH Sold
81
45
36
-
Total SFH for Sale at End of Period
36
15
21
-
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.3
1.0
1.8
-
101%
101%
101%
0%
SFH NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$823,982
$714,549
$1,394,600
$-
Average List Price per Square Foot
$538.80
$541.60
$531.08
$-
Average Sold Price
$827,796
$724,416
$1,366,850
$-
Average Sold Price per Square Foot
$-
$540.85
$549.21
$517.81
Total SFH Sold
87
73
14
-
Total SFH for Sale at End of Period
28
16
10
2
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.0
0.7
2.1
-
100%
101%
98%
0%
SFH JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
28%
10%
-1%
0%
Average List Price per Square Foot
10%
7%
13%
0%
Average Sold Price
28%
9%
2%
0%
Average Sold Price per Square Foot
10%
7%
17%
0%
Total SFH Sold
-7%
-38%
157%
0% -100%
Total SFH for Sale at End of Period
29%
-6%
110%
Average Monthly Supply of Inventory
38%
52%
-18%
0%
Average Sold Price/Original List Price Ratio
0%
-1%
3%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
46
PALMS - MAR VISTA
CONDOMINIUM SALES PALMS - MAR VISTA MARKET OVERVIEW - JANUARY
In Palms - Mar Vista there were 21 single family home sales in January 2014, down from 23 in January 2013 and a 32% decrease from the 31 sales closed last month. The average list price for single family home sales in January 2014 was $897,176 compared to $848,643 for January 2013, representing a 6% increase. For the three-month period from November to January 2014, the average list price was 28% higher than the same period of the prior year. Average sales price for January 2014 was $896,082, compared to that of November through January 2014, which was $1,060,056. Comparing January 2014 to December 2013, Palms - Mar Vista saw a 20% decrease in average sale price, but a 5% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $484,433 $391.30
< $1M $484,433 $391.30
$1M - $3M $$-
> $3M $$-
Average Sold Price
$485,633
$485,633
$-
$-
Average Sold Price per Square Foot
$392.27
$392.27
$-
$-
Total Condos Sold
30
30
-
-
Total Condos for Sale at End of Period
15
-
-
-
Average Monthly Supply of Inventory
1.5
-
-
-
100%
100%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$409,071
$409,071
$-
$-
Average List Price per Square Foot
$352.07
$352.07
$-
$-
Average Sold Price
$406,718
$406,718
$-
$-
Average Sold Price per Square Foot
$350.05
$350.05
$-
$-
Total Condos Sold
30
30
-
-
Total Condos for Sale at End of Period
10
10
-
-
Average Monthly Supply of Inventory
1.0
1.0
-
-
99%
99%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
18%
18%
0%
0%
Average List Price per Square Foot
11%
11%
0%
0%
Average Sold Price
19%
19%
0%
0%
Average Sold Price per Square Foot
12%
12%
0%
0%
Total Condos Sold
0%
0%
0%
0%
Total Condos for Sale at End of Period
50%
-100%
0%
0%
Average Monthly Supply of Inventory
50%
-100%
0%
0%
Average Sold Price/Original List Price Ratio
1%
1%
0%
0%
(Source: MLS/CLAW)
47
PLAYA DEL REY
SINGLE FAMILY HOME SALES Playa Del Rey is a bedroom community along the beach, south and adjacent to the Marina Del Rey harbor channel. Its early history dates back to a land grant in 1839 from the Mexican governor. Today Playa Del Rey real estate includes a mix of 1920’s homes, beach cottages from the 1940’s and multi-million dollar elegant new houses. Only 10 minutes from Los Angeles International Airport, Playa Del Rey also is home to Dockweiler Beach Park, a popular short term camping area for recreational vehicles. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $1,543,400 $685.71
< $1M $922,000 $1,253.29
$1M - $3M $1,086,600 $492.03
> $3M $3,617,500 $781.40
Average Sold Price
$1,477,801
$879,667
$1,069,802
$3,395,000 $733.34
$656.57
$1,195.74
$484.42
Total SFH Sold
10
3
5
2
Total SFH for Sale at End of Period
11
3
5
3
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
3.3
3.0
3.0
4.5
96%
95%
98%
94%
SFH NOV - JAN 2013 Average List Price Average List Price per Square Foot Average Sold Price
ALL
< $1M
$1M - $3M
> $3M
$1,111,000
$893,800
$1,328,200
$-
$392.22
$363.93
$413.87
$-
$1,071,600
$866,000
$1,277,200
$$-
$378.31
$352.61
$397.98
Total SFH Sold
10
5
5
-
Total SFH for Sale at End of Period
11
2
7
2
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
3.3
1.2
4.2
-
96%
97%
96%
0%
SFH JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
39%
3%
-18%
0%
Average List Price per Square Foot
75%
244%
19%
0%
Average Sold Price
38%
2%
-16%
0%
Average Sold Price per Square Foot
74%
239%
22%
0%
Total SFH Sold
0%
-40%
0%
0% 50%
Total SFH for Sale at End of Period
0%
50%
-29%
Average Monthly Supply of Inventory
0%
150%
-29%
0%
Average Sold Price/Original List Price Ratio
-1%
-2%
2%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
48
PLAYA DEL REY
CONDOMINIUM SALES PLAYA DEL REY MARKET OVERVIEW - JANUARY
In Playa Del Rey there were 9 condominium sales in January 2014, up from 8 in January 2013 and a 40% decrease from the 15 sales closed last month. The average list price for condo sales in January 2014 was $456,778 compared to $365,363 for January 2013, representing a 25% increase. For the three-month period from November to January 2014, the average list price was 35% higher than the same period of the prior year. Average sales price for January 2014 was $449,722, compared to that of November through January 2014, which was $506,026. Comparing January 2014 to December 2013, Playa Del Rey saw a 12% decrease in average sale price, but a 24% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $512,644 $434.91
< $1M $486,209 $429.74
$1M - $3M $1,385,000 $505.29
> $3M $$-
Average Sold Price
$506,026
$479,542
$1,380,000
$-
Average Sold Price per Square Foot
$429.30
$423.85
$503.47
$-
Total Condos Sold
34
33
1
-
Total Condos for Sale at End of Period
15
-
-
-
Average Monthly Supply of Inventory
1.3
-
-
-
99%
99%
100%
0%
Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$379,143
$379,143
$-
$-
Average List Price per Square Foot
$358.24
$358.24
$-
$-
Average Sold Price
$376,750
$376,750
$-
$-
Average Sold Price per Square Foot
$355.82
$355.82
$-
$-
Total Condos Sold
30
30
-
-
Total Condos for Sale at End of Period
11
11
-
-
Average Monthly Supply of Inventory
1.1
1.1
-
-
99%
99%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
35%
28%
0%
0%
Average List Price per Square Foot
21%
20%
0%
0%
Average Sold Price
34%
27%
0%
0%
Average Sold Price per Square Foot
21%
19%
0%
0%
Total Condos Sold
13%
10%
0%
0%
Total Condos for Sale at End of Period
36%
-100%
0%
0%
Average Monthly Supply of Inventory
20%
-100%
0%
0%
Average Sold Price/Original List Price Ratio
-1%
-1%
0%
0%
(Source: MLS/CLAW)
49
PLAYA VISTA
SINGLE FAMILY HOME SALES Playa Vista, bordered by Marina Del Rey, Loyola Marymount University and Westchester, was recognized in1998 as one of the most technologically advanced communities ever planned and has led the nation as an early model for sustainable development. With a range of properties from luxury to affordable, Playa Vista features an array of parks, recreational amenities and a wildlife preserve. Playa Vista is a fully connected community with complete broadband and telecommunications capabilities and is home to gaming giants Electronic Arts and the architectural firm of Frank Gehry. The area features a mix of luxury and affordable housing, office and commercial space. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $1,499,000 $398.04
< $1M $$-
$1M - $3M $1,499,000 $398.04
> $3M $$-
Average Sold Price
$1,460,000
$-
$1,460,000
$$-
$387.68
$-
$387.68
Total SFH Sold
1
-
1
-
Total SFH for Sale at End of Period
3
-
3
-
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
9.0
-
9.0
-
97%
0%
97%
0%
SFH NOV - JAN 2013 Average List Price Average List Price per Square Foot Average Sold Price
ALL
< $1M
$1M - $3M
> $3M
$1,149,000
$-
$1,149,000
$-
$386.61
$-
$386.61
$-
$1,100,000
$-
$1,100,000
$$-
$370.12
$-
$370.12
Total SFH Sold
1
-
1
-
Total SFH for Sale at End of Period
1
-
1
-
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
3.0
-
3.0
-
96%
0%
96%
0%
SFH JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
30%
0%
30%
0%
Average List Price per Square Foot
3%
0%
3%
0%
Average Sold Price
33%
0%
33%
0%
Average Sold Price per Square Foot
5%
0%
5%
0%
Total SFH Sold
0%
0%
0%
0%
Total SFH for Sale at End of Period
200%
0%
200%
0%
Average Monthly Supply of Inventory
200%
0%
200%
0%
1%
-100%
3%
0%
Average Sold Price/Original List Price Ratio
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
50
PLAYA VISTA
CONDOMINIUM SALES PLAYA VISTA MARKET OVERVIEW - JANUARY
In Playa Vista there were 5 condominium sales in January 2014, down from 6 in January 2013 and a 55% decrease from the 11 sales closed last month. The average list price for condo sales in January 2014 was $653,400 compared to $495,250 for January 2013, representing a 32% increase. For the three-month period from November to January 2014, the average list price was 23% higher than the same period of the prior year. Average sales price for January 2014 was $651,600, compared to that of November through January 2014, which was $652,010. Comparing January 2014 to December 2013, Playa Vista saw a 4% decrease in average sale price, but a 28% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $654,230 $431.60
< $1M $654,230 $431.60
$1M - $3M $$-
> $3M $$-
Average Sold Price
$652,010
$652,010
$-
$-
Average Sold Price per Square Foot
$430.14
$430.14
$-
$-
Total Condos Sold
33
33
-
-
Total Condos for Sale at End of Period
10
-
-
-
Average Monthly Supply of Inventory
0.9
-
-
-
100%
100%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$531,155
$531,155
$-
$-
Average List Price per Square Foot
$384.35
$384.35
$-
$-
Average Sold Price
$532,285
$532,285
$-
$-
Average Sold Price per Square Foot
$385.17
$385.17
$-
$-
Total Condos Sold
20
20
-
-
Total Condos for Sale at End of Period
10
10
-
-
Average Monthly Supply of Inventory
1.5
1.5
-
-
100%
100%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
23%
23%
0%
0%
Average List Price per Square Foot
12%
12%
0%
0%
Average Sold Price
22%
22%
0%
0%
Average Sold Price per Square Foot
12%
12%
0%
0%
Total Condos Sold
65%
65%
0%
0%
0%
-100%
0%
0%
Average Monthly Supply of Inventory
-39%
-100%
0%
0%
Average Sold Price/Original List Price Ratio
-1%
-1%
0%
0%
Total Condos for Sale at End of Period
(Source: MLS/CLAW)
51
SANTA MONICA
SINGLE FAMILY HOME SALES Santa Monica offers more than simply a home. There are fishing and yacht clubs and exquisite fine dining right in your own backyard. Santa Monica is located on the Westside of Los Angeles and is comprised of 8.3 square miles of vibrant commercial districts, neighboring residential communities and a terrific public school system. Centered on three miles of wide, white, sandy beaches, Santa Monica has become a popular international destination, with many attractions such as The Santa Monica pier, Third Street Promenade, Main Street, and the ultra chic Montana Avenue. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $2,009,137 $919.13
< $1M $860,864 $760.48
$1M - $3M $1,890,316 $870.43
> $3M $5,295,800 $1,229.97
Average Sold Price
$2,016,383
$843,364
$1,923,645
$5,190,543 $1,196.57
$921.42
$745.02
$885.12
Total SFH Sold
48
11
32
5
Total SFH for Sale at End of Period
35
1
15
19
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
2.2
0.3
1.4
11.4
100%
98%
102%
98%
ALL
< $1M
$1M - $3M
> $3M
$2,064,928
$865,273
$1,811,333
$3,822,643
SFH NOV - JAN 2013 Average List Price Average List Price per Square Foot Average Sold Price
$845.40
$627.28
$765.08
$1,121.00
$2,069,202
$872,909
$1,815,351
$3,825,093
$849.93
$630.48
$768.20
$1,129.50
Total SFH Sold
70
11
45
14
Total SFH for Sale at End of Period
30
1
13
16
Average Monthly Supply of Inventory
1.3
0.3
0.9
3.4
100%
101%
100%
100%
Average Sold Price per Square Foot
Average Sold Price/Original List Price Ratio
SFH JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
-3%
-1%
4%
39%
Average List Price per Square Foot
9%
21%
14%
10%
Average Sold Price
-3%
-3%
6%
36%
8%
18%
15%
6%
Total SFH Sold
-31%
0%
-29%
-64%
Average Sold Price per Square Foot Total SFH for Sale at End of Period
17%
0%
15%
19%
Average Monthly Supply of Inventory
70%
0%
62%
233%
Average Sold Price/Original List Price Ratio
0%
-3%
2%
-2% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
52
SANTA MONICA
CONDOMINIUM SALES SANTA MONICA MARKET OVERVIEW - JANUARY
In Santa Monica there were 7 single family home sales in January 2014, down from 11 in January 2013 and a 68% decrease from the 22 sales closed last month. The average list price for single family home sales in January 2014 was $1,913,286 compared to $2,354,818 for January 2013, representing a 19% decrease. For the three-month period from November to January 2014, the average list price was 3% lower than the same period of the prior year. Average sales price for January 2014 was $1,937,388, compared to that of November through January 2014, which was $2,016,383. Comparing January 2014 to December 2013, Santa Monica was flat in average sale price, and a 19% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $850,306 $684.73
< $1M $634,797 $582.06
$1M - $3M $1,327,794 $792.96
> $3M $4,550,000 $1,413.26
Average Sold Price
$834,590
$641,243
$1,292,837
$3,900,000
Average Sold Price per Square Foot
$672.46
$589.43
$771.93
$1,211.37
Total Condos Sold
91
72
17
2
Total Condos for Sale at End of Period
76
-
-
-
Average Monthly Supply of Inventory
2.5
-
-
-
98%
101%
97%
86%
Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$741,226
$570,650
$1,345,995
$-
Average List Price per Square Foot
$609.91
$528.00
$784.36
$-
Average Sold Price
$727,698
$565,316
$1,303,417
$-
Average Sold Price per Square Foot
$-
$599.16
$523.85
$759.55
Total Condos Sold
100
78
22
-
Total Condos for Sale at End of Period
59
37
18
4
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.8
1.4
2.5
-
98%
99%
97%
0%
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
15%
11%
-1%
0%
Average List Price per Square Foot
12%
10%
1%
0%
Average Sold Price
15%
13%
-1%
0%
Average Sold Price per Square Foot
12%
13%
2%
0%
Total Condos Sold
-9%
-8%
-23%
0%
Total Condos for Sale at End of Period
29%
-100%
-100%
-100%
Average Monthly Supply of Inventory
42%
-100%
-100%
0%
Average Sold Price/Original List Price Ratio
0%
2%
1%
0%
(Source: MLS/CLAW)
53
SILVERLAKE - ECHO PARK
SINGLE FAMILY HOME SALES
The hilly neighborhood of Silverlake can be found east of Hollywood and northwest of Downtown Los Angeles. Silverlake is the home of its namesake reservoir and its reputable music scene. The community is both socioeconomically and ethnically diverse bringing it tremendous character. Echo Park is one of Los Angeles’ most long-established neighborhoods, finding its origin in the late 1880’s. Its rolling hills and steep bluffs enrich this prime location featuring Craftsman-style homes, Spanish-style bungalows, and modern architecture. This Eastside enclave is the home to the annual Lotus Festival, the Cuban Festival, and historic Filipinotown as well as many famous residents. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $812,407 $487.27
< $1M $672,383 $465.31
$1M - $3M $1,203,000 $523.88
> $3M $$-
Average Sold Price
$824,279
$677,617
$1,233,388
$-
Average Sold Price per Square Foot
$-
$494.30
$468.62
$537.12
Total SFH Sold
72
53
19
-
Total SFH for Sale at End of Period
48
44
4
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
2.0
2.5
0.6
-
101%
101%
103%
0%
SFH NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$583,030
$561,519
$1,149,500
$-
Average List Price per Square Foot
$424.51
$420.47
$482.31
$-
Average Sold Price
$576,491
$555,851
$1,120,000
$-
Average Sold Price per Square Foot
$-
$419.55
$416.03
$469.93
Total SFH Sold
82
79
3
-
Total SFH for Sale at End of Period
44
38
6
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.6
1.4
6.0
-
99%
99%
97%
0%
SFH JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
39%
20%
5%
0%
Average List Price per Square Foot
15%
11%
9%
0%
Average Sold Price
43%
22%
10%
0%
Average Sold Price per Square Foot
18%
13%
14%
0%
Total SFH Sold
-12%
-33%
533%
0% 0%
Total SFH for Sale at End of Period
9%
16%
-33%
Average Monthly Supply of Inventory
24%
73%
-89%
0%
Average Sold Price/Original List Price Ratio
3%
2%
5%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
54
SILVERLAKE - ECHO PARK
CONDOMINIUM SALES SILVERLAKE - ECHO PARK MARKET OVERVIEW - JANUARY
In Silver Lake - Echo Park there were 14 single family home sales in January 2014, down from 24 in January 2013 and a 55% decrease from the 31 sales closed last month. The average list price for single family home sales in January 2014 was $757,286 compared to $564,500 for January 2013, representing a 34% increase. For the three-month period from November to January 2014, the average list price was 39% higher than the same period of the prior year. Average sales price for January 2014 was $780,866, compared to that of November through January 2014, which was $824,279. Comparing January 2014 to December 2013, Silver Lake - Echo Park saw a 5% decrease in average sale price, but a 38% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $470,150 $391.00
< $1M $470,150 $391.00
$1M - $3M $$-
> $3M $$-
Average Sold Price
$468,565
$468,565
$-
$-
Average Sold Price per Square Foot
$389.69
$389.69
$-
$-
Total Condos Sold
12
12
-
-
Total Condos for Sale at End of Period
9
-
-
-
2.3
-
-
-
100%
100%
0%
0%
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$447,886
$447,886
$-
$-
Average List Price per Square Foot
$341.17
$341.17
$-
$-
Average Sold Price
$446,888
$446,888
$-
$-
Average Sold Price per Square Foot
$340.41
$340.41
$-
$-
Total Condos Sold
9
9
-
-
Total Condos for Sale at End of Period
4
4
-
-
1.3
1.3
-
-
100%
100%
0%
0%
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
5%
5%
0%
0%
Average List Price per Square Foot
15%
15%
0%
0%
Average Sold Price
5%
5%
0%
0%
Average Sold Price per Square Foot
14%
14%
0%
0%
Total Condos Sold
33%
33%
0%
0%
Total Condos for Sale at End of Period
125%
-100%
0%
0%
Average Monthly Supply of Inventory
69%
-100%
0%
0%
Average Sold Price/Original List Price Ratio
0%
0%
0%
0%
(Source: MLS/CLAW)
55
SUNSET STRIP - HOLLYWOOD HILLS
SINGLE FAMILY HOME SALES
The Sunset Strip is the world famous stretch of Sunset Boulevard in West Hollwood that stretches from Hollywood to Beverly Hills. The Strip, which includes Sunset Plaza, is known for its famous collection of shops and boutiques, cafes and restaurants, rock joints, and night clubs. It is easily idenifiable with its colorful collection of billboards and is located at the base of the Hollywood Hills and is just below the famed “Bird Streets” – from Blue Jay, Tanager and Thrush Ways to Nightingale, and Kinglet Drives - a favorite area of A-List celebrities from Hollywood stars to the most well known international music acts to call home. Many celebrities enjoy the amazing cities views they get perched among the hills. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $2,116,239 $805.48
< $1M $848,792 $589.68
$1M - $3M $1,731,091 $661.48
> $3M $6,702,273 $1,252.89
Average Sold Price
$1,988,973
$839,837
$1,689,510
$5,911,818 $1,105.13
$756.36
$583.46
$645.34
Total SFH Sold
87
24
52
11
Total SFH for Sale at End of Period
160
17
88
55
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
5.5
2.1
5.1
15.0
94%
99%
98%
88%
ALL
< $1M
$1M - $3M
> $3M
$1,677,864
$772,688
$1,647,763
$4,530,000
SFH NOV - JAN 2013 Average List Price Average List Price per Square Foot Average Sold Price
$656.54
$429.81
$623.36
$1,012.50
$1,610,309
$750,026
$1,570,225
$4,373,077
$630.22
$417.77
$594.02
$977.43
Total SFH Sold
111
39
59
13
Total SFH for Sale at End of Period
139
26
65
48
Average Monthly Supply of Inventory
3.8
2.0
3.3
11.1
96%
97%
95%
97%
Average Sold Price per Square Foot
Average Sold Price/Original List Price Ratio
SFH JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
26%
10%
5%
48%
Average List Price per Square Foot
23%
37%
6%
24%
Average Sold Price
24%
12%
8%
35%
Average Sold Price per Square Foot
20%
40%
9%
13%
Total SFH Sold
-22%
-38%
-12%
-15%
Total SFH for Sale at End of Period
15%
-35%
35%
15%
Average Monthly Supply of Inventory
47%
6%
54%
35%
Average Sold Price/Original List Price Ratio
-2%
2%
2%
-9% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
56
CONDOMINIUM SALES
SUNSET STRIP - HOLLYWOOD HILLS
SUNSET STRIP - HOLLYWOOD HILLS MARKET OVERVIEW - JANUARY In Sunset Strip - Hollywood Hills West there were 25 single family home sales in January 2014, up from 23 in January 2013 and a 11% decrease from the 28 sales closed last month. The average list price for single family home sales in January 2014 was $1,487,310 compared to $1,915,978 for January 2013, representing a 22% decrease. For the three-month period from November to January 2014, the average list price was 26% higher than the same period of the prior year. Average sales price for January 2014 was $1,455,140, compared to that of November through January 2014, which was $1,988,973. Comparing January 2014 to December 2013, Sunset Strip - Hollywood Hills West saw a 46% decrease in average sale price, and a 19% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $477,448 $435.11
< $1M $477,448 $435.11
$1M - $3M $$-
> $3M $$-
Average Sold Price
$469,996
$469,996
$-
$-
Average Sold Price per Square Foot
$428.32
$428.32
$-
$-
Total Condos Sold
23
23
-
-
Total Condos for Sale at End of Period
27
-
-
-
Average Monthly Supply of Inventory
3.5
-
-
-
98%
98%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$668,874
$441,983
$1,803,333
$-
Average List Price per Square Foot
$515.84
$363.67
$1,058.71
$-
Average Sold Price
$647,778
$433,333
$1,720,000
$-
Average Sold Price per Square Foot
$-
$499.57
$356.56
$1,009.78
Total Condos Sold
18
15
3
-
Total Condos for Sale at End of Period
14
8
3
3
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
2.3
1.6
3.0
-
97%
98%
95%
0%
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
-29%
8%
-100%
0%
Average List Price per Square Foot
-16%
20%
-100%
0%
Average Sold Price
-27%
8%
-100%
0%
Average Sold Price per Square Foot
-14%
20%
-100%
0%
Total Condos Sold
28%
53%
-100%
0%
Total Condos for Sale at End of Period
93%
-100%
-100%
-100%
Average Monthly Supply of Inventory
51%
-100%
-100%
0%
Average Sold Price/Original List Price Ratio
2%
0%
-100%
0%
(Source: MLS/CLAW)
57
VENICE
SINGLE FAMILY HOME SALES Venice is a beachfront district on the Westside of Los Angeles, California, known for its bungalows, cottages, condos and oceanfront properties. A short walk from some of the finest and trendiest beachside restaurants and bars in Los Angeles, Venice offers surfing, kayaking, boating, biking, boogie boarding and outdoor summer concerts. The famous Venice Beach Strip and Muscle Beach are a short walk away. With its variety of bungalows, cottages, condos and oceanfront listings, Venice is an ideal retreat for family, friends or couples, for work or play, and is one of Los Angelesâ&#x20AC;&#x2122;s most sought-after neighborhoods. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $1,628,995 $944.04
< $1M $925,400 $745.81
$1M - $3M $1,569,827 $907.56
> $3M $3,866,667 $1,572.67
Average Sold Price
$1,608,560
$883,000
$1,552,144
$3,833,333 $1,559.11
$932.19
$711.64
$897.34
Total SFH Sold
62
5
54
3
Total SFH for Sale at End of Period
32
1
25
6
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.5
0.6
1.4
6.0
99%
95%
99%
99%
ALL
< $1M
$1M - $3M
> $3M
$1,532,856
$805,000
$1,652,890
$3,531,667
SFH NOV - JAN 2013 Average List Price Average List Price per Square Foot Average Sold Price
$805.52
$719.76
$789.43
$1,070.20
$1,507,281
$806,553
$1,616,617
$3,516,667
$791.54
$719.16
$772.10
$1,065.66
Total SFH Sold
59
15
41
3
Total SFH for Sale at End of Period
31
3
19
9
Average Monthly Supply of Inventory
1.6
0.6
1.4
9.0
98%
100%
98%
100%
> $3M
Average Sold Price per Square Foot
Average Sold Price/Original List Price Ratio
SFH JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
Average List Price
6%
15%
-5%
9%
Average List Price per Square Foot
17%
4%
15%
47%
Average Sold Price
7%
9%
-4%
9%
Average Sold Price per Square Foot
18%
-1%
16%
46%
Total SFH Sold
5%
-67%
32%
0%
Total SFH for Sale at End of Period
3%
-67%
32%
-33%
Average Monthly Supply of Inventory
-2%
0%
0%
-33%
Average Sold Price/Original List Price Ratio
0%
-5%
1%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
58
VENICE
CONDOMINIUM SALES VENICE MARKET OVERVIEW - JANUARY
In Venice there were 17 single family home sales in January 2014, up from 12 in January 2013 and a 37% decrease from the 27 sales closed last month. The average list price for single family home sales in January 2014 was $1,343,524 compared to $1,537,667 for January 2013, representing a 13% decrease. For the three-month period from November to January 2014, the average list price was 6% higher than the same period of the prior year. Average sales price for January 2014 was $1,360,412, compared to that of November through January 2014, which was $1,608,560. Comparing January 2014 to December 2013, Venice saw a 24% decrease in average sale price, and a 11% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $985,000 $606.15
< $1M $803,200 $649.73
$1M - $3M $1,166,800 $579.40
> $3M $$-
Average Sold Price
$976,950
$802,000
$1,151,900
$-
Average Sold Price per Square Foot
$601.20
$648.76
$572.00
$-
Total Condos Sold
10
5
5
-
Total Condos for Sale at End of Period
6
-
-
-
1.8
-
-
-
99%
100%
99%
0%
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013 Average List Price Average List Price per Square Foot Average Sold Price
ALL
< $1M
$1M - $3M
> $3M
$1,035,544
$691,580
$1,465,500
$-
$720.18
$759.14
$699.02
$-
$1,012,000
$694,000
$1,409,500
$-
$703.81
$761.80
$672.31
$-
Total Condos Sold
9
5
4
-
Total Condos for Sale at End of Period
8
3
5
-
2.7
1.8
3.8
-
98%
100%
96%
0%
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
-5%
16%
-20%
0%
Average List Price per Square Foot
-16%
-14%
-17%
0%
Average Sold Price
-3%
16%
-18%
0%
Average Sold Price per Square Foot
-15%
-15%
-15%
0%
Total Condos Sold
11%
0%
25%
0%
Total Condos for Sale at End of Period
-25%
-100%
-100%
0%
Average Monthly Supply of Inventory
-33%
-100%
-100%
0%
1%
0%
3%
0%
Average Sold Price/Original List Price Ratio (Source: MLS/CLAW)
59
WEST HOLLYWOOD
SINGLE FAMILY HOME SALES West Hollywood is a thriving, diverse community on the leading edge of culture, entertainment, and design - and is home to the internationally reknown Pacific Design Center. Minutes away is the Hollywood Bowl, The Greek Theatre, and The Getty Center. The uniquely compact city boasts the Sunset Strip, Santa Monica Boulevard, Robertson, and Melrose; truly Los Angelesâ&#x20AC;&#x2122; Mecca for fashion, fine dining, unparalleled nightlife, and the world-renowned entertainment industry. Incorporated in 1984, West Hollywood has been instrumental since its start in achieving cultural, environmental, and political breakthroughs. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $1,394,600 $652.50
< $1M $866,667 $607.29
$1M - $3M $1,481,900 $667.87
> $3M $4,400,000 $-
Average Sold Price
$1,397,209
$864,556
$1,486,263
$4,410,000
$655.09
$605.81
$671.84
$-
Total SFH Sold
30
9
20
1
Total SFH for Sale at End of Period
25
4
21
-
Average Monthly Supply of Inventory
2.5
1.3
3.2
-
100%
100%
100%
100%
Average Sold Price per Square Foot
Average Sold Price/Original List Price Ratio
SFH NOV - JAN 2013 Average List Price Average List Price per Square Foot Average Sold Price
ALL
< $1M
$1M - $3M
> $3M
$1,250,167
$804,143
$1,534,000
$-
$759.24
$594.03
$870.61
$-
$1,245,500
$785,857
$1,538,000
$$-
$758.35
$580.52
$878.22
Total SFH Sold
18
7
11
-
Total SFH for Sale at End of Period
26
6
19
1
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
4.3
2.6
5.2
-
100%
98%
100%
0%
SFH JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
12%
8%
-3%
0%
Average List Price per Square Foot
-14%
2%
-23%
0%
Average Sold Price
12%
10%
-3%
0%
Average Sold Price per Square Foot
-14%
4%
-23%
0%
Total SFH Sold
67%
29%
82%
0%
Total SFH for Sale at End of Period
-4%
-33%
11%
-100%
Average Monthly Supply of Inventory
-42%
-48%
-39%
0%
1%
2%
0%
0%
Average Sold Price/Original List Price Ratio
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
60
WEST HOLLYWOOD
CONDOMINIUM SALES WEST HOLLYWOOD MARKET OVERVIEW - JANUARY
In West Hollywood Vicinity there were 17 single family home sales in January 2014, up from 3 in January 2013 and a 113% increase from the 8 sales closed last month. The average list price for single family home sales in January 2014 was $1,506,888 compared to $737,667 for January 2013, representing a 104% increase. For the three-month period from November to January 2014, the average list price was 12% higher than the same period of the prior year. Average sales price for January 2014 was $1,501,646, compared to that of November through January 2014, which was $1,397,209. Comparing January 2014 to December 2013, West Hollywood Vicinity saw a 6% increase in average sale price, and a 103% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $742,478 $568.78
< $1M $609,081 $522.15
$1M - $3M $1,272,481 $679.47
> $3M $3,850,000 $941.78
Average Sold Price
$721,883
$600,261
$1,237,390
$3,200,000
Average Sold Price per Square Foot
$552.74
$514.42
$660.78
$782.78
Total Condos Sold
79
67
11
1
Total Condos for Sale at End of Period
85
-
-
-
Average Monthly Supply of Inventory
3.2
-
-
-
97%
99%
97%
83%
Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$524,214
$502,986
$1,125,667
$-
Average List Price per Square Foot
$442.05
$437.22
$513.22
$-
Average Sold Price
$509,997
$489,567
$1,088,833
$-
Average Sold Price per Square Foot
$-
$429.99
$425.48
$496.43
Total Condos Sold
88
85
3
-
Total Condos for Sale at End of Period
48
33
13
2
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.6
1.2
13.0
-
97%
97%
97%
0%
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
42%
21%
13%
0%
Average List Price per Square Foot
29%
19%
32%
0%
Average Sold Price
42%
23%
14%
0%
Average Sold Price per Square Foot
29%
21%
33%
0%
Total Condos Sold
-10%
-21%
267%
0%
Total Condos for Sale at End of Period
77%
-100%
-100%
-100%
Average Monthly Supply of Inventory
97%
-100%
-100%
0%
Average Sold Price/Original List Price Ratio
0%
1%
1%
0%
(Source: MLS/CLAW)
61
WEST LOS ANGELES
SINGLE FAMILY HOME SALES Surrounded by Santa Monica, Beverly Hills, the ocean and the Santa Monica Mountains is the city of West Los Angeles, known for its 1920s, mid-century and contemporary architecture. With its rolling hills and proximity to the ocean, West Los Angeles was originally developed as an upscale community and is still considered one of the most desirable areas to live in Los Angeles today. With its central location between Los Angeles and the ocean, West Los Angeles has attracted a diverse range of commercial development to add to its 1920s through mid-century and contemporary architecture. The area is also home to some of the worldâ&#x20AC;&#x2122;s finest shopping along the famous Wilshire Boulevard. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $858,386 $558.11
< $1M $804,130 $570.92
$1M - $3M $1,165,833 $516.31
> $3M $$-
Average Sold Price
$861,825
$802,441
$1,198,333
$-
Average Sold Price per Square Foot
$-
$562.57
$572.34
$530.71
Total SFH Sold
20
17
3
-
Total SFH for Sale at End of Period
7
6
1
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.1
1.1
1.0
-
100%
100%
103%
0%
SFH NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$678,782
$650,772
$1,295,000
$-
Average List Price per Square Foot
$476.69
$470.67
$555.08
$-
Average Sold Price
$682,500
$657,386
$1,235,000
$-
Average Sold Price per Square Foot
$-
$479.30
$475.46
$529.36
Total SFH Sold
23
22
1
-
Total SFH for Sale at End of Period
13
11
2
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.7
1.5
6.0
-
101%
101%
95%
0%
SFH JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
26%
24%
-10%
0%
Average List Price per Square Foot
17%
21%
-7%
0%
Average Sold Price
26%
22%
-3%
0%
Average Sold Price per Square Foot
17%
20%
0%
0%
Total SFH Sold
-13%
-23%
200%
0%
Total SFH for Sale at End of Period
-46%
-45%
-50%
0%
Average Monthly Supply of Inventory
-38%
-29%
-83%
0%
0%
-1%
8%
0%
Average Sold Price/Original List Price Ratio
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
62
WEST LOS ANGELES
CONDOMINIUM SALES WEST LOS ANGLES MARKET OVERVIEW - JANUARY
In West Los Angeles there were 11 condominium sales in January 2014, which is the same as January 2013 and a 15% decrease from the 13 sales closed last month. The average list price for condo sales in January 2014 was $579,727 compared to $530,091 for January 2013, representing a 9% increase. For the three-month period from November to January 2014, the average list price was 19% higher than the same period of the prior year. Average sales price for January 2014 was $574,591, compared to that of November through January 2014, which was $676,333. Comparing January 2014 to December 2013, West Los Angeles saw a 20% decrease in average sale price, but a 9% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $679,189 $449.54
< $1M $661,351 $444.94
$1M - $3M $1,250,000 $544.90
> $3M $$-
Average Sold Price
$676,333
$659,109
$1,227,500
$-
Average Sold Price per Square Foot
$447.65
$443.43
$535.09
$-
Total Condos Sold
33
32
1
-
Total Condos for Sale at End of Period
29
-
-
-
Average Monthly Supply of Inventory
2.6
-
-
-
100%
100%
98%
0%
Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$570,693
$559,891
$1,100,000
$-
Average List Price per Square Foot
$398.87
$397.97
$422.59
$-
Average Sold Price
$563,084
$553,147
$1,050,000
$-
Average Sold Price per Square Foot
$393.55
$393.18
$403.38
$-
Total Condos Sold
50
49
1
-
Total Condos for Sale at End of Period
14
12
2
-
Average Monthly Supply of Inventory
0.8
0.7
6.0
-
99%
99%
95%
0%
Average Sold Price/Original List Price Ratio
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
19%
18%
14%
0%
Average List Price per Square Foot
13%
12%
29%
0%
Average Sold Price
20%
19%
17%
0%
Average Sold Price per Square Foot
14%
13%
33%
0%
Total Condos Sold
-34%
-35%
0%
0%
Total Condos for Sale at End of Period
107%
-100%
-100%
0%
Average Monthly Supply of Inventory
214%
-100%
-100%
0%
1%
1%
3%
0%
Average Sold Price/Original List Price Ratio (Source: MLS/CLAW)
63
WESTWOOD - CENTURY CITY
SINGLE FAMILY HOME SALES
Westwood is a neighborhood in the northern central portion of the Westside of Los Angeles, California, known for its condos, townhomes, California bungalows and singlefamily homes. Westwood is the home of the University of California, Los Angeles (UCLA), and is also a center for movie-going on the Westside and the site of many movie premieres. Century City is a 176-acre commercial and residential district on the Westside of the city of Los Angeles. Century City is also an important business center. Many law firms and executives, particularly those with ties to the film, television and music industries, have offices there. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $1,689,021 $698.87
< $1M $930,000 $601.62
$1M - $3M $1,647,692 $680.37
> $3M $4,772,000 $957.94
Average Sold Price
$1,667,670
$899,333
$1,637,295
$4,565,000 $916.39
$689.75
$581.78
$675.91
Total SFH Sold
47
6
39
2
Total SFH for Sale at End of Period
13
-
11
2
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
0.8
-
0.8
3.0
99%
97%
99%
96%
ALL
< $1M
$1M - $3M
> $3M
$1,681,635
$866,889
$1,585,458
$5,280,000
SFH NOV - JAN 2013 Average List Price Average List Price per Square Foot Average Sold Price
$609.57
$493.08
$600.59
$729.79
$1,636,296
$846,333
$1,554,868
$4,983,333
$597.63
$481.39
$596.00
$688.78
Total SFH Sold
48
9
36
3
Total SFH for Sale at End of Period
18
4
11
3
Average Monthly Supply of Inventory
1.1
1.3
0.9
3.0
97%
98%
98%
94%
Average Sold Price per Square Foot
Average Sold Price/Original List Price Ratio
SFH JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
0%
7%
4%
-10%
Average List Price per Square Foot
15%
22%
13%
31%
Average Sold Price
2%
6%
5%
-8%
Average Sold Price per Square Foot
15%
21%
13%
33%
Total SFH Sold
-2%
-33%
8%
-33%
Total SFH for Sale at End of Period
-28%
-100%
0%
-33%
Average Monthly Supply of Inventory
-26%
-100%
-8%
0%
1%
-1%
1%
1%
Average Sold Price/Original List Price Ratio
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
64
WESTWOOD - CENTURY CITY
CONDOMINIUM SALES
WESTWOOD - CENTURY CITY MARKET OVERVIEW - JANUARY In Westwood - Century City there were 24 condominium sales in January 2014, down from 25 in January 2013 and a 41% decrease from the 41 sales closed last month. The average list price for condo sales in January 2014 was $1,003,875 compared to $888,800 for January 2013, representing a 13% increase. For the three-month period from November to January 2014, the average list price was 9% higher than the same period of the prior year. Average sales price for January 2014 was $983,646, compared to that of November through January 2014, which was $984,406. Comparing January 2014 to December 2013, Westwood - Century City saw a 1% decrease in average sale price, but a 21% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014
ALL $1,017,221 $604.49
< $1M $633,005 $454.07
$1M - $3M $1,669,071 $656.06
> $3M $4,343,000 $1,379.22
Average Sold Price
$984,406
$620,873
$1,560,036
$4,203,125
Average Sold Price per Square Foot
Average List Price Average List Price per Square Foot
$584.96
$445.37
$613.20
$1,334.53
Total Condos Sold
115
93
14
8
Total Condos for Sale at End of Period
187
-
-
-
Average Monthly Supply of Inventory
4.9
-
-
-
97%
98%
93%
97%
ALL
< $1M
$1M - $3M
> $3M
$932,732
$602,047
$1,724,700
$4,691,667
Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013 Average List Price Average List Price per Square Foot
$525.71
$401.70
$650.44
$1,357.94
Average Sold Price
$862,692
$585,045
$1,589,200
$3,608,333
Average Sold Price per Square Foot
$1,044.38
$486.24
$390.36
$599.34
Total Condos Sold
105
82
20
3
Total Condos for Sale at End of Period
150
77
53
20
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
4.3
2.8
8.0
20.0
92%
97%
92%
77%
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
9%
5%
-3%
-7%
Average List Price per Square Foot
15%
13%
1%
2%
Average Sold Price
14%
6%
-2%
16%
Average Sold Price per Square Foot
20%
14%
2%
28%
Total Condos Sold
10%
13%
-30%
167%
Total Condos for Sale at End of Period
25%
-100%
-100%
-100%
Average Monthly Supply of Inventory
14%
-100%
-100%
-100%
Average Sold Price/Original List Price Ratio
5%
1%
1%
26%
(Source: MLS/CLAW)
65