La Crescenta, CA | web: 0027000
Greater Los Angeles Market Update 3-Month Ending April 2014
Beverly Hills | Brentwood | Los Feliz | Malibu Pacific Palisades | Santa Monica | Sunset Strip sothebyshomes.com/losangeles
TABLE OF CONTENTS MARKET AREA
PGS.
Bel Air - Holmby Hills
4-5
MARKET AREA
PGS.
Marina Del Rey 36-37
Beverly Center - Miracle Mile 6-7
Mid Los Angeles
38-39
Beverly Hills
Mid Wilshire
40-41
8-9
Beverly Hills Post Office
10-11
Mount Washington 42-43
Beverlywood
12-13
Pacific Palisades 44-45
14-15
Palms - Mar Vista 46-47
Cheviot Hills - Rancho Park 16-17
Playa Del Rey 48-49
Culver City 18-19
Playa Vista
Downtown Los Angeles
20-21
Santa Monica 52-53
Eagle Rock
22-23
Silverlake - Echo Park 54-55
Brentwood
50-51
Hancock Park 24-25
Sunset Strip - Hlwd Hills
56-57
Hollywood 26-27
Venice
58-59
Hollywood Hills East
28-29
West Hollywood
60-61
Los Feliz
30-31
West Los Angeles
62-63
Malibu 32-33 Malibu Beach
Westwood - Century City 64-65
34-35
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Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.
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) FEB - APR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$8,935,686
$729,725
$1,526,231
$19,697,917
$985.66
$642.93
$550.77
$1,191.04
$7,799,466
$702,000
$1,512,692
$16,975,958 $1,080.57
$908.90
$618.50
$545.89
TOTAL SFH SOLD
29
4
13
12
TOTAL SFH FOR SALE AT END OF PERIOD
79
6
20
53
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
8.2
4.5
4.6
13.3
87%
96%
99%
86%
ALL
< $1M
$1M - $3M
> $3M
$3,524,707
$810,983
$1,705,000
$10,966,500
SFH FEB - APR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$1,041.92
$417.44
$635.21
$1,669.30
$3,393,700
$780,451
$1,667,656
$10,499,500 $1,596.84
$1,002.88
$401.72
$621.72
TOTAL SFH SOLD
45
12
23
10
TOTAL SFH FOR SALE AT END OF PERIOD
82
6
21
55
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
5.5
1.5
2.7
16.5
96%
96%
98%
96%
ALL
< $1M
$1M - $3M
> $3M
154%
-10%
-10%
80%
-5%
54%
-13%
-29%
130%
-10%
-9%
62%
-9%
54%
-12%
-32%
-36%
-67%
-43%
20%
SFH APR/APR COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL SFH SOLD TOTAL SFH FOR SALE AT END OF PERIOD
-4%
0%
-5%
-4%
AVERAGE MONTHLY SUPPLY OF INVENTORY
49%
200%
68%
-20%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-9%
0%
1%
-10% (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 APRIL MARKET OVERVIEW
In Bel Air - Holmby Hills there were 3 single family home sales in April 2014, down from 23 in April 2013 and a 82% decrease from the 17 sales closed last month. The average list price for single family home sales in April 2014 was $8,665,000 compared to $4,119,478 for April 2013, representing a 110% increase. For the three-month period from February to April 2014, the average list price was 154% higher than the same period of the prior year. Average sales price for April 2014 was $7,586,667, compared to that of February through April 2014, which was $7,799,466. Comparing April 2014 to March 2014, Bel Air - Holmby Hills saw a 20% decrease in average sale price, but a 92% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
FEB - APR 2014
$-
$-
$-
> $3M $-
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
-
-
-
-
-
-
-
-
0%
0%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
$599,000
$599,000
$-
$-
$360.41
$360.41
$-
$-
$610,500
$610,500
$-
$-
$367.33
$367.33
$-
$-
TOTAL CONDOS SOLD
1
1
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
102%
102%
0%
0%
> $3M
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS FEB - APR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
APR/APR COMPARISON
-100%
-100%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
-100%
-100%
0%
0%
AVERAGE SOLD PRICE
-100%
-100%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
-100%
-100%
0%
0%
TOTAL CONDOS SOLD
0%
-100%
-100%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
0%
0%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
0%
0%
0%
0%
-100%
-100%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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 city’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) FEB - APR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,510,448
$882,992
$1,672,169
$4,350,000
$647.39
$553.05
$677.99
$-
$1,512,123
$891,471
$1,671,086
$4,350,000
$650.78
$558.36
$680.76
$-
TOTAL SFH SOLD
42
12
29
1
TOTAL SFH FOR SALE AT END OF PERIOD
31
7
23
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.2
1.8
2.4
3.0
100%
101%
100%
100%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH FEB - APR 2013
ALL
< $1M
$1M - $3M
> $3M
$1,050,420
$764,458
$1,314,385
$-
$545.44
$447.03
$632.47
$-
$1,061,938
$758,563
$1,341,976
$-
$552.35
$443.58
$648.53
$-
TOTAL SFH SOLD
50
24
26
-
TOTAL SFH FOR SALE AT END OF PERIOD
36
12
24
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.2
1.5
2.8
-
101%
99%
102%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR/APR COMPARISON AVERAGE LIST PRICE
44%
16%
27%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
19%
24%
7%
0%
AVERAGE SOLD PRICE
42%
18%
25%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
18%
26%
5%
0%
TOTAL SFH SOLD
-16%
-50%
12%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-14%
-42%
-4%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
3%
17%
-14%
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
6
CONDOMINIUM SALES
BEVERLY CENTER - MIRACLE MILE
APRIL MARKET OVERVIEW In Beverly Center - Miracle Mile there were 13 single family home sales in April 2014, down from 21 in April 2013 and a 24% decrease from the 17 sales closed last month. The average list price for single family home sales in April 2014 was $1,448,838 compared to $1,225,429 for April 2013, representing an 18% increase. For the three-month period from February to April 2014, the average list price was 44% higher than the same period of the prior year. Average sales price for April 2014 was $1,479,319, compared to that of February through April 2014, which was $1,512,123. Comparing April 2014 to March 2014, Beverly Center - Miracle Mile saw a 11% increase in average sale price, and a 22% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) FEB - APR 2014
ALL
< $1M
$1M - $3M
> $3M
$697,095
$661,105
$1,039,000
$-
$516.11
$496.08
$674.68
$-
$692,333
$657,316
$1,025,000
$-
$513.19
$493.95
$665.58
$-
21
19
2
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
99%
99%
99%
0%
ALL
< $1M
$1M - $3M
> $3M
$579,869
$579,869
$-
$-
$435.21
$435.21
$-
$-
AVERAGE SOLD PRICE
$567,563
$567,563
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$425.98
$425.98
$-
$-
16
16
-
-
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS FEB - APR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
12
12
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.3
2.3
-
-
98%
98%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR/APR COMPARISON
20%
14%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
19%
14%
0%
0%
AVERAGE SOLD PRICE
22%
16%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
20%
16%
0%
0%
31%
19%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-100%
-100%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-100%
-100%
0%
0%
1%
2%
0%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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) FEB - APR 2014 AVERAGE LIST PRICE
ALL
< $1M
$1M - $3M
> $3M
$6,150,100
$-
$2,047,857
$8,359,000
$1,329.57
$-
$798.84
$1,458.93
AVERAGE SOLD PRICE
$5,794,331
$-
$2,053,605
$7,808,567
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE LIST PRICE PER SQUARE FOOT
$1,254.82
$-
$801.23
$1,365.38
TOTAL SFH SOLD
40
-
14
26
TOTAL SFH FOR SALE AT END OF PERIOD
57
1
9
47
AVERAGE MONTHLY SUPPLY OF INVENTORY
4.3
-
1.9
5.4
94%
0%
100%
93%
ALL
< $1M
$1M - $3M
> $3M
$4,515,608
$850,000
$1,793,545
$6,136,213
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH FEB - APR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
$1,062.64
$405.24
$768.17
$1,146.48
AVERAGE SOLD PRICE
$4,381,318
$852,000
$1,824,455
$5,911,062
$1,031.04
$406.20
$781.41
$1,104.41
TOTAL SFH SOLD
36
2
11
23
TOTAL SFH FOR SALE AT END OF PERIOD
63
-
11
52
AVERAGE MONTHLY SUPPLY OF INVENTORY
5.3
-
3.0
6.8
97%
100%
102%
96%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
36%
-100%
14%
36%
AVERAGE LIST PRICE PER SQUARE FOOT
25%
-100%
4%
27%
AVERAGE SOLD PRICE
32%
-100%
13%
32%
AVERAGE SOLD PRICE PER SQUARE FOOT
22%
-100%
3%
24%
TOTAL SFH SOLD
11%
-100%
27%
13%
TOTAL SFH FOR SALE AT END OF PERIOD
-10%
0%
-18%
-10%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-19%
0%
-36%
-20%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-3%
-100%
-1%
-3%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR/APR COMPARISON
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
8
BEVERLY HILLS
CONDOMINIUM SALES APRIL MARKET OVERVIEW
In Beverly Hills there were 19 single family home sales in April 2014, up from 17 in April 2013 and a 73% increase from the 11 sales closed last month. The average list price for single family home sales in April 2014 was $4,698,421 almost matching $4,573,118 for April 2013. For the three-month period from February to April 2014, the average list price was 36% higher than the same period of the prior year. Average sales price for April 2014 was $4,638,892, compared to that of February through April 2014, which was $5,794,331. Comparing April 2014 to March 2014, Beverly Hills saw a 15% decrease in average sale price, but a 7% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) FEB - APR 2014
ALL
< $1M
$1M - $3M
> $3M
$1,183,269
$816,000
$1,550,538
$-
$623.47
$494.73
$722.40
$-
$1,172,996
$819,538
$1,526,454
$-
$618.05
$496.88
$711.17
$-
26
13
13
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
99%
100%
98%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$996,724
$710,350
$1,387,250
$3,600,000
AVERAGE LIST PRICE PER SQUARE FOOT
$550.60
$466.47
$613.25
$881.70
$958,959
$695,290
$1,338,000
$3,200,000
$529.42
$456.25
$591.48
$783.74
29
20
8
1
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS FEB - APR 2013
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
22
11
9
2
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.3
1.7
3.4
6.0
96%
98%
96%
89%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR/APR COMPARISON
19%
15%
12%
-100%
AVERAGE LIST PRICE PER SQUARE FOOT
13%
6%
18%
-100% -100%
AVERAGE SOLD PRICE
22%
18%
14%
AVERAGE SOLD PRICE PER SQUARE FOOT
17%
9%
20%
-100%
TOTAL CONDOS SOLD
-10%
-35%
63%
-100%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-100%
-100%
-100%
-100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-100%
-100%
-100%
-100%
3%
3%
2%
-100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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) FEB - APR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$4,450,949
$832,000
$2,144,091
$8,316,867
$875.87
$570.25
$672.24
$1,040.36
$4,118,895
$844,500
$2,090,132
$7,531,000 $969.46
$829.28
$578.82
$655.33
TOTAL SFH SOLD
39
2
22
15
TOTAL SFH FOR SALE AT END OF PERIOD
89
3
39
47
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
6.8
4.5
5.3
9.4
93%
102%
97%
91%
ALL
< $1M
$1M - $3M
> $3M
$2,723,915
$916,000
$1,957,788
$5,515,364
SFH FEB - APR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$642.04
$505.43
$606.17
$704.25
$2,618,163
$878,333
$1,885,840
$5,289,630
$583.90
$677.16
$617.90
$484.64
TOTAL SFH SOLD
47
3
33
11
TOTAL SFH FOR SALE AT END OF PERIOD
63
1
29
33
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
4.0
1.0
2.6
9.0
96%
96%
96%
96%
ALL
< $1M
$1M - $3M
> $3M
SFH APR/APR COMPARISON AVERAGE LIST PRICE
63%
-9%
10%
51%
AVERAGE LIST PRICE PER SQUARE FOOT
36%
13%
11%
48%
AVERAGE SOLD PRICE
57%
-4%
11%
42%
AVERAGE SOLD PRICE PER SQUARE FOOT
34%
19%
12%
43%
TOTAL SFH SOLD
-33%
36% 42%
-17%
-33%
TOTAL SFH FOR SALE AT END OF PERIOD
41%
200%
34%
AVERAGE MONTHLY SUPPLY OF INVENTORY
70%
350%
102%
4%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-4%
6%
1%
-6% (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
APRIL MARKET OVERVIEW In Beverly Hills Post Office there were 17 single family home sales in April 2014, down from 19 in April 2013 and a 42% increase from the 12 sales closed last month. The average list price for single family home sales in April 2014 was $4,466,412 compared to $3,466,526 for April 2013, representing a 29% increase. For the three-month period from February to April 2014, the average list price was 63% higher than the same period of the prior year. Average sales price for April 2014 was $3,990,000, compared to that of February through April 2014, which was $4,118,895. Comparing April 2014 to March 2014, Beverly Hills Post Office saw a 29% decrease in average sale price, but a 21% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
FEB - APR 2014
$-
$-
$-
> $3M $-
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 AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-
-
-
-
0%
0%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
CONDOS FEB - APR 2013 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 ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR/APR COMPARISON
0%
0%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
0%
0%
0%
0% 0%
AVERAGE SOLD PRICE
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 tree-lined 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) FEB - APR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,139,905
$725,695
$1,626,152
$-
$572.11
$507.16
$613.25
$-
$1,123,848
$716,926
$1,601,538
$-
$564.05
$501.04
$603.97
$-
TOTAL SFH SOLD
50
27
23
-
TOTAL SFH FOR SALE AT END OF PERIOD
31
16
15
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.9
1.8
2.0
-
99%
99%
98%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH FEB - APR 2013
ALL
< $1M
$1M - $3M
> $3M
$838,522
$669,013
$1,580,125
$-
$471.60
$456.34
$502.72
$-
$826,242
$664,726
$1,532,875
$-
$464.69
$453.42
$487.69
$-
TOTAL SFH SOLD
43
35
8
-
TOTAL SFH FOR SALE AT END OF PERIOD
27
16
10
1
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
1.9
1.4
3.8
-
99%
99%
97%
0%
ALL
< $1M
$1M - $3M
> $3M
SFH APR/APR COMPARISON AVERAGE LIST PRICE
36%
8%
3%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
21%
11%
22%
0%
AVERAGE SOLD PRICE
36%
8%
4%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
21%
11%
24%
0%
TOTAL SFH SOLD
16%
-23%
188%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
15%
0%
50%
-100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-1%
30%
-48%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
-1%
2%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
12
BEVERLYWOOD
CONDOMINIUM SALES APRIL MARKET OVERVIEW
In Beverlywood there were 22 single family home sales in April 2014, up from 19 in April 2013 and a 22% increase from the 18 sales closed last month. The average list price for single family home sales in April 2014 was $1,213,159 compared to $831,519 for April 2013, representing a 46% increase. For the three-month period from February to April 2014, the average list price was 36% higher than the same period of the prior year. Average sales price for April 2014 was $1,201,972, compared to that of February through April 2014, which was $1,123,848. Comparing April 2014 to March 2014, Beverlywood saw a 5% increase in average sale price, and a 47% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) FEB - APR 2014
ALL
< $1M
$1M - $3M
> $3M
$703,047
$632,907
$1,685,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$479.63
$460.63
$612.50
$-
AVERAGE SOLD PRICE
$693,745
$629,013
$1,600,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$473.29
$457.80
$581.61
$-
15
14
1
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
99%
99%
95%
0%
ALL
< $1M
$1M - $3M
> $3M
$578,809
$526,690
$1,100,000
$-
$383.59
$357.27
$592.67
$-
$582,864
$528,650
$1,125,000
$-
$386.28
$358.60
$606.14
$-
11
10
1
-
AVERAGE LIST PRICE
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS FEB - APR 2013 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
10
9
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.7
2.7
3.0
-
101%
100%
102%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR/APR COMPARISON
21%
20%
53%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
25%
29%
3%
0%
AVERAGE SOLD PRICE
19%
19%
42%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
23%
28%
-4%
0%
36%
40%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-100%
-100%
-100%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-100%
-100%
-100%
0%
-2%
-1%
-7%
0%
TOTAL CONDOS SOLD
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) FEB - APR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$3,491,432
$749,000
$2,029,684
$5,286,471
$996.72
$907.88
$804.88
$1,118.06
$3,441,526
$755,000
$2,012,763
$5,196,409 $1,094.01
$979.52
$915.15
$798.17
TOTAL SFH SOLD
37
1
19
17
TOTAL SFH FOR SALE AT END OF PERIOD
72
-
30
42
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
5.8
-
4.7
7.4
99%
101%
99%
98%
SFH FEB - APR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
ALL
< $1M
$1M - $3M
> $3M
$2,675,614
$-
$1,813,750
$5,088,833
$834.91
$-
$665.28
$1,098.48
$2,644,236
$-
$1,817,787
$4,958,295
$823.99
$-
$665.46
$1,070.30
TOTAL SFH SOLD
57
-
42
15
TOTAL SFH FOR SALE AT END OF PERIOD
75
2
34
39
3.9
-
2.4
7.8
99%
0%
100%
97%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
30%
0%
12%
4%
AVERAGE LIST PRICE PER SQUARE FOOT
19%
0%
21%
2%
AVERAGE SOLD PRICE
30%
0%
11%
5%
AVERAGE SOLD PRICE PER SQUARE FOOT
19%
0%
20%
2%
TOTAL SFH SOLD
13%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR/APR COMPARISON
-35%
0%
-55%
TOTAL SFH FOR SALE AT END OF PERIOD
-4%
-100%
-12%
8%
AVERAGE MONTHLY SUPPLY OF INVENTORY
48%
0%
95%
-5%
0%
0%
-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
14
BRENTWOOD
CONDOMINIUM SALES APRIL MARKET OVERVIEW
In Brentwood there were 16 single family home sales in April 2014, down from 22 in April 2013 and a 129% increase from the 7 sales closed last month. The average list price for single family home sales in April 2014 was $3,445,187 compared to $2,621,432 for April 2013, representing a 31% increase. For the three-month period from February to April 2014, the average list price was 30% higher than the same period of the prior year. Average sales price for April 2014 was $3,352,084, compared to that of February through April 2014, which was $3,441,526. Comparing April 2014 to March 2014, Brentwood saw a 27% increase in average sale price, and a 29% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) FEB - APR 2014
ALL
< $1M
$1M - $3M
> $3M
$783,929
$663,680
$1,204,800
$-
$521.58
$503.20
$561.10
$-
$783,966
$662,828
$1,207,950
$-
$521.61
$502.56
$562.57
$-
45
35
10
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
100%
100%
100%
0%
ALL
< $1M
$1M - $3M
> $3M $3,100,000
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS FEB - APR 2013
$768,547
$638,484
$1,485,500
AVERAGE LIST PRICE PER SQUARE FOOT
$486.12
$454.18
$580.61
$666.67
AVERAGE SOLD PRICE
$771,516
$642,508
$1,480,000
$3,100,000
AVERAGE SOLD PRICE PER SQUARE FOOT
$488.00
$457.04
$578.46
$666.67
58
51
6
1 -
AVERAGE LIST PRICE
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
41
33
8
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.1
1.9
4.0
-
100%
101%
100%
100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR/APR COMPARISON
2%
4%
-19%
-100%
AVERAGE LIST PRICE PER SQUARE FOOT
7%
11%
-3%
-100%
AVERAGE SOLD PRICE
2%
3%
-18%
-100%
AVERAGE SOLD PRICE PER SQUARE FOOT
7%
10%
-3%
-100%
-22%
-31%
67%
-100%
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
-100%
-100%
-100%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-100%
-100%
-100%
0%
0%
-1%
1%
-100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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 Hills’ 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) FEB - APR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,798,667
$949,000
$1,664,000
$4,399,000
$689.21
$614.64
$575.29
$-
$1,845,187
$965,000
$1,694,062
$4,690,000 $-
$707.04
$625.00
$585.68
TOTAL SFH SOLD
15
1
13
1
TOTAL SFH FOR SALE AT END OF PERIOD
9
1
6
2
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
1.8
3.0
1.4
6.0
103%
102%
102%
107%
SFH FEB - APR 2013
ALL
< $1M
$1M - $3M
> $3M
$1,336,314
$795,750
$1,552,540
$-
$621.83
$545.59
$640.17
$-
$1,379,900
$797,336
$1,612,926
$-
$642.11
$546.68
$665.07
$-
TOTAL SFH SOLD
21
6
15
-
TOTAL SFH FOR SALE AT END OF PERIOD
14
2
11
1
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
2.0
1.0
2.2
-
103%
100%
104%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
35%
19%
7%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
11%
13%
-10%
0%
AVERAGE SOLD PRICE
34%
21%
5%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
10%
14%
-12%
0%
TOTAL SFH SOLD
-29%
-83%
-13%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-36%
-50%
-45%
100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-10%
200%
-37%
0%
-1%
1%
-2%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR/APR COMPARISON
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 APRIL MARKET OVERVIEW
In Cheviot Hills - Rancho Park there were 8 single family home sales in April 2014, down from 11 in April 2013 and a 300% increase from the 2 sales closed last month. The average list price for single family home sales in April 2014 was $1,727,750 compared to $1,314,100 for April 2013, representing a 31% increase. For the three-month period from February to April 2014, the average list price was 35% higher than the same period of the prior year. Average sales price for April 2014 was $1,816,375, compared to that of February through April 2014, which was $1,845,187. Comparing April 2014 to March 2014, Cheviot Hills - Rancho Park saw a 19% increase in average sale price, and a 35% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) FEB - APR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$575,000
$575,000
$-
$-
$432.33
$432.33
$-
$-
$585,000
$585,000
$-
$-
$439.85
$439.85
$-
$-
TOTAL CONDOS SOLD
1
1
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
102%
102%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
$199,000
$199,000
$-
$-
$269.28
$269.28
$-
$-
$260,000
$260,000
$-
$-
$351.83
$351.83
$-
$-
1
1
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
131%
131%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS FEB - APR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS APR/APR COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
ALL
< $1M
$1M - $3M
> $3M
189%
189%
0%
0%
61%
61%
0%
0%
AVERAGE SOLD PRICE
125%
125%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
25%
25%
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%
-22%
-22%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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 City’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) FEB - APR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$853,242
$730,379
$1,134,071
$-
$541.59
$528.41
$561.50
$-
$884,004
$752,568
$1,184,429
$-
$562.16
$546.09
$586.43
$-
TOTAL SFH SOLD
46
32
14
-
TOTAL SFH FOR SALE AT END OF PERIOD
21
18
3
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.4
1.7
0.6
-
104%
103%
104%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
FEB - APR 2013
$716,050
$694,742
$1,035,667
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$453.05
$460.52
$389.49
$-
AVERAGE SOLD PRICE
$728,632
$708,563
$1,029,667
$-
$461.01
$469.68
$387.24
$-
TOTAL SFH SOLD
48
45
3
-
TOTAL SFH FOR SALE AT END OF PERIOD
27
22
5
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.7
1.5
5.0
-
102%
102%
99%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR/APR COMPARISON AVERAGE LIST PRICE
19%
5%
10%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
20%
15%
44%
0%
AVERAGE SOLD PRICE
21%
6%
15%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
22%
16%
51%
0%
TOTAL SFH SOLD
-4%
-29%
367%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-22%
-18%
-40%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-19%
15%
-87%
0%
2%
1%
5%
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
18
CULVER CITY
CONDOMINIUM SALES APRIL MARKET OVERVIEW
In Culver City there were 25 single family home sales in April 2014, up from 19 in April 2013 and a 213% increase from the 8 sales closed last month. The average list price for single family home sales in April 2014 was $902,010 compared to $658,837 for April 2013, representing a 37% increase. For the three-month period from February to April 2014, the average list price was 19% higher than the same period of the prior year. Average sales price for April 2014 was $949,687, compared to that of February through April 2014, which was $884,004. Comparing April 2014 to March 2014, Culver City saw a 32% increase in average sale price, and a 41% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) FEB - APR 2014
ALL
< $1M
$1M - $3M
> $3M
$436,235
$436,235
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$373.96
$373.96
$-
$-
AVERAGE SOLD PRICE
$442,851
$442,851
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$379.55
$379.55
$-
$-
41
41
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
102%
102%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$381,782
$381,782
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$306.80
$306.80
$-
$-
AVERAGE SOLD PRICE
$382,615
$382,615
$-
$-
$307.47
$307.47
$-
$-
50
50
-
-
AVERAGE LIST PRICE
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS FEB - APR 2013
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
16
16
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.0
1.0
-
-
100%
100%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR/APR COMPARISON
14%
14%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
22%
22%
0%
0%
AVERAGE SOLD PRICE
16%
16%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
23%
23%
0%
0%
-18%
-18%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-100%
-100%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-100%
-100%
0%
0%
1%
1%
0%
0%
TOTAL CONDOS SOLD
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) FEB - APR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$242,112
$242,112
$-
$-
$181.31
$181.31
$-
$-
$237,629
$237,629
$-
$$-
$177.95
$177.95
$-
TOTAL SFH SOLD
26
26
-
-
TOTAL SFH FOR SALE AT END OF PERIOD
35
33
1
1
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
4.0
3.8
-
-
98%
98%
0%
0%
SFH FEB - APR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
ALL
< $1M
$1M - $3M
> $3M
$248,454
$248,454
$-
$-
$185.85
$185.85
$-
$-
$242,568
$242,568
$-
$-
$181.44
$181.44
$-
$-
TOTAL SFH SOLD
32
32
-
-
TOTAL SFH FOR SALE AT END OF PERIOD
28
28
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.6
2.6
-
-
98%
98%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR/APR COMPARISON AVERAGE LIST PRICE
-3%
-3%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
-2%
-2%
0%
0%
AVERAGE SOLD PRICE
-2%
-2%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
-2%
-2%
0%
0%
TOTAL SFH SOLD
-19%
-19%
0%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
25%
18%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
54%
45%
0%
0%
1%
1%
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
20
DOWNTOWN LOS ANGELES
CONDOMINIUM SALES APRIL MARKET OVERVIEW
In Downtown L.A. there were 42 condominium sales in April 2014, which is the same as April 2013 and a 7% decrease from the 45 sales closed last month. The average list price for condo sales in April 2014 was $655,126 compared to $700,629 for April 2013, representing a 6% decrease. For the three-month period from February to April 2014, the average list price was 2% higher than the same period of the prior year. Average sales price for April 2014 was $645,265, compared to that of February through April 2014, which was $614,727. Comparing April 2014 to March 2014, Downtown L.A. saw a 2% increase in average sale price, but a 4% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) FEB - APR 2014
ALL
< $1M
$1M - $3M
> $3M
$625,249
$549,909
$1,554,444
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$548.86
$518.21
$739.78
$-
AVERAGE SOLD PRICE
$614,727
$542,696
$1,503,111
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$539.62
$511.41
$715.35
$-
120
111
9
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
98%
99%
97%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$610,230
$461,414
$1,503,125
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$484.06
$415.45
$690.46
$-
AVERAGE SOLD PRICE
$593,973
$457,604
$1,412,188
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$470.95
$411.88
$648.69
$-
112
96
16
5
AVERAGE LIST PRICE
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS FEB - APR 2013
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
79
60
14
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.1
1.9
2.6
-
97%
99%
94%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR/APR COMPARISON
2%
19%
3%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
13%
25%
7%
0%
AVERAGE SOLD PRICE
3%
19%
6%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
15%
24%
10%
0%
7%
16%
-44%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-100%
-100%
-100%
-100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-100%
-100%
-100%
0%
1%
0%
3%
0%
TOTAL CONDOS SOLD
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) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
FEB - APR 2014
$622,537
$612,911
$1,075,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$403.06
$406.00
$338.48
$-
AVERAGE SOLD PRICE
$620,797
$612,729
$1,000,000
$-
$401.55
$405.50
$314.86
$-
TOTAL SFH SOLD
48
47
1
-
TOTAL SFH FOR SALE AT END OF PERIOD
31
30
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.9
1.9
3.0
-
100%
100%
93%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
FEB - APR 2013
$540,071
$540,071
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$350.63
$350.63
$-
$-
$552,834
$552,834
$-
$-
$358.92
$358.92
$-
$-
TOTAL SFH SOLD
38
38
-
-
TOTAL SFH FOR SALE AT END OF PERIOD
18
17
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.4
1.3
-
-
102%
102%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR/APR COMPARISON AVERAGE LIST PRICE
15%
13%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
15%
16%
0%
0%
AVERAGE SOLD PRICE
12%
11%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
12%
13%
0%
0%
TOTAL SFH SOLD
26%
24%
0%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
72%
76%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
36%
43%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-3%
-2%
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 APRIL MARKET OVERVIEW
In Eagle Rock there were 25 single family home sales in April 2014, up from 13 in April 2013 and a 127% increase from the 11 sales closed last month. The average list price for single family home sales in April 2014 was $649,096 compared to $607,523 for April 2013, representing a 7% increase. For the three-month period from February to April 2014, the average list price was 15% higher than the same period of the prior year. Average sales price for April 2014 was $628,950, compared to that of February through April 2014, which was $620,797. Comparing April 2014 to March 2014, Eagle Rock saw a 2% decrease in average sale price, but a 2% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) FEB - APR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$385,000
$385,000
$-
$-
$289.15
$289.15
$-
$-
$380,000
$380,000
$-
$-
$285.39
$285.39
$-
$-
TOTAL CONDOS SOLD
2
2
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
99%
99%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS FEB - APR 2013
$359,000
$359,000
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$293.54
$293.54
$-
$-
AVERAGE SOLD PRICE
$377,000
$377,000
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$308.26
$308.26
$-
$-
1
1
-
-
AVERAGE LIST PRICE
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
1
1
-
3.0
3.0
-
-
105%
105%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR/APR COMPARISON
7%
7%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
-1%
-1%
0%
0%
AVERAGE SOLD PRICE
1%
1%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
-7%
-7%
0%
0%
TOTAL CONDOS SOLD
100%
100%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-100%
-100%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-100%
-100%
0%
0%
-6%
-6%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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) FEB - APR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,782,950
$807,000
$1,746,465
$4,621,875
$613.28
$426.77
$603.10
$802.27
$1,765,580
$804,325
$1,750,572
$4,472,813 $776.40
$607.50
$425.35
$605.29
TOTAL SFH SOLD
64
22
34
8
TOTAL SFH FOR SALE AT END OF PERIOD
82
27
43
12
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.8
3.7
3.8
4.5
99%
100%
100%
97%
ALL
< $1M
$1M - $3M
> $3M
$1,176,719
$721,644
$1,594,619
$3,749,500
SFH FEB - APR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
$477.30
$374.87
$540.08
$670.51
$1,158,612
$718,512
$1,551,415
$3,737,500
$469.96
$373.25
$525.45
$668.37
TOTAL SFH SOLD
44
26
16
2
TOTAL SFH FOR SALE AT END OF PERIOD
69
20
32
17
4.7
2.3
6.0
25.5
98%
100%
97%
100%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
52%
12%
10%
23%
AVERAGE LIST PRICE PER SQUARE FOOT
28%
14%
12%
20%
AVERAGE SOLD PRICE
52%
12%
13%
20%
AVERAGE SOLD PRICE PER SQUARE FOOT
29%
14%
15%
16%
TOTAL SFH SOLD
45%
-15%
113%
300%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR/APR COMPARISON
TOTAL SFH FOR SALE AT END OF PERIOD
19%
35%
34%
-29%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-18%
60%
-37%
-82%
1%
0%
3%
-3%
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
24
CONDOMINIUM SALES
HANCOCK PARK
APRIL MARKET OVERVIEW In Hancock Park - Wilshire there were 21 single family home sales in April 2014, up from 14 in April 2013 and a 5% decrease from the 22 sales closed last month. The average list price for single family home sales in April 2014 was $1,464,143 almost matching $1,449,643 for April 2013. For the three-month period from February to April 2014, the average list price was 52% higher than the same period of the prior year. Average sales price for April 2014 was $1,425,740, compared to that of February through April 2014, which was $1,765,580. Comparing April 2014 to March 2014, Hancock Park - Wilshire saw a 15% decrease in average sale price, but a 2% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) FEB - APR 2014
ALL
< $1M
$1M - $3M
> $3M
$518,968
$503,133
$1,089,000
$-
$410.27
$400.54
$688.37
$-
$510,038
$494,622
$1,065,000
$-
$403.21
$393.76
$673.20
$-
37
36
1
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
98%
98%
98%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$425,012
$425,012
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$335.56
$335.56
$-
$-
AVERAGE SOLD PRICE
$423,897
$423,897
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$335.24
$335.24
$-
$-
33
33
-
-
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS FEB - APR 2013
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
43
40
3
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.9
3.6
-
-
100%
100%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR/APR COMPARISON
22%
18%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
22%
19%
0%
0%
AVERAGE SOLD PRICE
20%
17%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
20%
17%
0%
0%
12%
9%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-100%
-100%
-100%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-100%
-100%
0%
0%
-1%
-1%
0%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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) FEB - APR 2014
ALL
< $1M
$1M - $3M
> $3M
$996,386
$613,771
$1,379,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$562.33
$507.25
$594.58
$-
AVERAGE SOLD PRICE
$997,494
$587,701
$1,407,286
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$-
AVERAGE LIST PRICE
$553.20
$485.70
$592.72
TOTAL SFH SOLD
14
7
7
-
TOTAL SFH FOR SALE AT END OF PERIOD
32
22
9
1
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
6.9
9.4
3.9
-
100%
96%
102%
0%
SFH FEB - APR 2013
ALL
< $1M
$1M - $3M
> $3M
$720,900
$558,180
$1,534,500
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$438.21
$375.55
$629.15
$-
AVERAGE SOLD PRICE
$711,000
$564,700
$1,442,500
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$432.20
$379.94
$591.43
$-
TOTAL SFH SOLD
12
10
2
-
TOTAL SFH FOR SALE AT END OF PERIOD
13
12
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.3
3.6
1.5
-
99%
101%
94%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR/APR COMPARISON AVERAGE LIST PRICE
38%
10%
-10%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
28%
35%
-5%
0%
AVERAGE SOLD PRICE
40%
4%
-2%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
28%
28%
0%
0%
TOTAL SFH SOLD
17%
-30%
250%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
146%
83%
800%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
111%
162%
157%
0%
2%
-5%
9%
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
26
HOLLYWOOD
CONDOMINIUM SALES APRIL MARKET OVERVIEW
In Hollywood there were 19 condominium sales in April 2014, down from 20 in April 2013 and a 171% increase from the 7 sales closed last month. The average list price for condo sales in April 2014 was $644,505 compared to $535,990 for April 2013, representing a 20% increase. For the three-month period from February to April 2014, the average list price was 15% higher than the same period of the prior year. Average sales price for April 2014 was $624,826, compared to that of February through April 2014, which was $596,194. Comparing April 2014 to March 2014, Hollywood saw a 5% increase in average sale price, and a 15% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
FEB - APR 2014
$610,191
$572,037
$1,182,500
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$483.00
$468.69
$620.41
$-
AVERAGE SOLD PRICE
$596,194
$564,607
$1,070,000
$-
$471.92
$462.60
$561.39
$-
32
30
2
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
98%
99%
90%
0%
ALL
< $1M
$1M - $3M
> $3M
$531,689
$531,689
$-
$-
$414.90
$414.90
$-
$-
$530,909
$530,909
$-
$-
$414.30
$414.30
$-
$-
38
38
-
1
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS FEB - APR 2013 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
28
21
6
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.2
1.7
-
-
100%
100%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR/APR COMPARISON
15%
8%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
16%
13%
0%
0%
AVERAGE SOLD PRICE
12%
6%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
14%
12%
0%
0%
-16%
-21%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-100%
-100%
-100%
-100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-100%
-100%
0%
0%
-2%
-1%
0%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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) FEB - APR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,235,778
$875,429
$1,249,632
$3,495,000
$556.10
$501.40
$578.89
$512.09
$1,225,468
$809,857
$1,259,138
$3,495,000
$551.39
$464.39
$582.13
$512.09
TOTAL SFH SOLD
27
7
19
1
TOTAL SFH FOR SALE AT END OF PERIOD
43
6
36
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
4.8
2.6
5.7
3.0
99%
93%
101%
100%
ALL
< $1M
$1M - $3M
> $3M
$1,148,089
$823,996
$1,423,111
$4,300,000
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH FEB - APR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$483.09
$440.34
$497.43
$699.19
$1,118,009
$811,960
$1,388,522
$3,900,000
$484.66
$634.15
$470.08
$433.91
TOTAL SFH SOLD
44
25
18
1
TOTAL SFH FOR SALE AT END OF PERIOD
45
12
25
8
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.1
1.4
4.2
24.0
97%
99%
98%
91%
ALL
< $1M
$1M - $3M
> $3M
SFH APR/APR COMPARISON AVERAGE LIST PRICE
8%
6%
-12%
-19%
AVERAGE LIST PRICE PER SQUARE FOOT
15%
14%
16%
-27%
AVERAGE SOLD PRICE
10%
0%
-9%
-10%
AVERAGE SOLD PRICE PER SQUARE FOOT
17%
7%
20%
-19%
-39%
-72%
6%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-4%
-50%
44%
-88%
AVERAGE MONTHLY SUPPLY OF INVENTORY
56%
79%
36%
-88%
2%
-6%
3%
10%
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
28
HOLLYWOOD HILLS EAST
CONDOMINIUM SALES APRIL MARKET OVERVIEW
In Hollywood Hills East there were 11 single family home sales in April 2014, down from 15 in April 2013 and a 22% increase from the 9 sales closed last month. The average list price for single family home sales in April 2014 was $1,111,364 compared to $1,344,867 for April 2013, representing a 17% decrease. For the three-month period from February to April 2014, the average list price was 8% higher than the same period of the prior year. Average sales price for April 2014 was $1,104,785, compared to that of February through April 2014, which was $1,225,468. Comparing April 2014 to March 2014, Hollywood Hills East saw a 8% increase in average sale price, but a 13% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
FEB - APR 2014
$447,727
$447,727
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$394.66
$394.66
$-
$-
AVERAGE SOLD PRICE
$452,182
$452,182
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$398.59
$398.59
$-
$-
TOTAL CONDOS SOLD
11
11
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
101%
101%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$407,977
$407,977
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$325.18
$325.18
$-
$-
AVERAGE SOLD PRICE
$401,877
$401,877
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$320.32
$320.32
$-
$-
13
13
-
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS FEB - APR 2013
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
6
6
-
1.4
1.4
-
-
99%
99%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR/APR COMPARISON
10%
10%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
21%
21%
0%
0%
AVERAGE SOLD PRICE
13%
13%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
24%
24%
0%
0%
-15%
-15%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-100%
-100%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-100%
-100%
0%
0%
3%
3%
0%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
29
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) FEB - APR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,617,639
$773,075
$1,893,172
$5,710,667
$616.33
$447.49
$655.90
$792.52
$1,603,696
$783,000
$1,867,929
$5,615,000 $779.25
$612.14
$453.23
$649.04
TOTAL SFH SOLD
56
24
29
3
TOTAL SFH FOR SALE AT END OF PERIOD
59
9
41
9
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.2
1.1
4.2
9.0
99%
101%
99%
98%
ALL
< $1M
$1M - $3M
> $3M
$1,097,774
$670,642
$1,586,604
$3,950,000
SFH FEB - APR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$489.64
$418.29
$521.47
$805.14
$1,093,675
$669,167
$1,591,609
$3,650,000 $743.99
$487.81
$417.37
$523.11
TOTAL SFH SOLD
57
33
23
1
TOTAL SFH FOR SALE AT END OF PERIOD
58
14
32
12
AVERAGE SOLD PRICE PER SQUARE FOOT
3.1
1.3
4.2
36.0
100%
100%
100%
92%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
47%
15%
19%
45%
AVERAGE LIST PRICE PER SQUARE FOOT
26%
7%
26%
-2%
AVERAGE SOLD PRICE
47%
17%
17%
54%
AVERAGE SOLD PRICE PER SQUARE FOOT
25%
9%
24%
5%
TOTAL SFH SOLD
-2%
-27%
26%
200%
TOTAL SFH FOR SALE AT END OF PERIOD
2%
-36%
28%
-25%
AVERAGE MONTHLY SUPPLY OF INVENTORY
4%
-12%
2%
-75%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
2%
-2%
6%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR/APR COMPARISON
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
30
LOS FELIZ
CONDOMINIUM SALES APRIL MARKET OVERVIEW
In Los Feliz there were 18 single family home sales in April 2014, which is the same as April 2013 and a 18% decrease from the 22 sales closed last month. The average list price for single family home sales in April 2014 was $1,620,161 compared to $1,050,389 for April 2013, representing a 54% increase. For the three-month period from February to April 2014, the average list price was 47% higher than the same period of the prior year. Average sales price for April 2014 was $1,633,720, compared to that of February through April 2014, which was $1,603,696. Comparing April 2014 to March 2014, Los Feliz saw a 9% decrease in average sale price, but a 59% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) FEB - APR 2014
ALL
< $1M
$1M - $3M
> $3M
$472,357
$472,357
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$438.41
$438.41
$-
$-
AVERAGE SOLD PRICE
$481,143
$481,143
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE LIST PRICE
$446.57
$446.57
$-
$-
TOTAL CONDOS SOLD
7
7
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
102%
102%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS FEB - APR 2013
$426,950
$426,950
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$401.50
$401.50
$-
$-
AVERAGE SOLD PRICE
$434,375
$434,375
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$408.49
$408.49
$-
$-
8
8
-
-
AVERAGE LIST PRICE
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
4
3
1
1.5
1.1
-
-
102%
102%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR/APR COMPARISON
11%
11%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
9%
9%
0%
0%
AVERAGE SOLD PRICE
11%
11%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
9%
9%
0%
0%
-13%
-13%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-100%
-100%
-100%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-100%
-100%
0%
0%
0%
0%
0%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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) FEB - APR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,808,890
$787,483
$2,038,260
$5,662,909
$715.18
$417.21
$660.90
$847.39
$2,589,853
$777,500
$1,918,437
$5,104,355 $755.14
$658.84
$411.92
$623.89
TOTAL SFH SOLD
42
6
25
11
TOTAL SFH FOR SALE AT END OF PERIOD
165
3
67
95
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
11.8
1.5
8.0
25.9
92%
99%
94%
90%
ALL
< $1M
$1M - $3M
> $3M
$1,852,298
$864,817
$1,802,020
$3,823,725
SFH FEB - APR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$562.56
$346.85
$541.67
$894.86
$1,779,651
$783,667
$1,718,101
$3,873,750 $906.56
$542.79
$314.30
$518.95
TOTAL SFH SOLD
49
6
39
4
TOTAL SFH FOR SALE AT END OF PERIOD
163
7
72
84
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY
10.0
3.5
5.5
63.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
96%
91%
95%
101%
ALL
< $1M
$1M - $3M
> $3M 48%
SFH APR/APR COMPARISON AVERAGE LIST PRICE
52%
-9%
13%
AVERAGE LIST PRICE PER SQUARE FOOT
27%
20%
22%
-5%
AVERAGE SOLD PRICE
46%
-1%
12%
32%
AVERAGE SOLD PRICE PER SQUARE FOOT
21%
31%
20%
-17%
TOTAL SFH SOLD
-14%
0%
-36%
175%
1%
-57%
-7%
13%
AVERAGE MONTHLY SUPPLY OF INVENTORY
18%
-57%
45%
-59%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-4%
9%
-1%
-11%
TOTAL SFH FOR SALE AT END OF PERIOD
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
32
MALIBU
CONDOMINIUM SALES APRIL MARKET OVERVIEW
In Malibu there were 16 single family home sales in April 2014, up from 13 in April 2013 and a 60% increase from the 10 sales closed last month. The average list price for single family home sales in April 2014 was $2,724,806 compared to $1,844,154 for April 2013, representing a 48% increase. For the three-month period from February to April 2014, the average list price was 52% higher than the same period of the prior year. Average sales price for April 2014 was $2,584,244, compared to that of February through April 2014, which was $2,589,853. Comparing April 2014 to March 2014, Malibu saw a 11% increase in average sale price, and a 46% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) FEB - APR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,017,271
$724,000
$1,408,300
$-
$640.71
$414.84
$1,022.24
$-
$1,028,143
$701,750
$1,463,333
$-
$647.56
$402.09
$1,062.18
$-
TOTAL CONDOS SOLD
7
4
3
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
101%
97%
104%
0%
ALL
< $1M
$1M - $3M
> $3M
$1,216,244
$714,300
$1,362,000
$7,450,000
$658.85
$447.47
$564.56
$1,881.79
$1,120,063
$686,231
$1,250,000
$6,500,000
$606.75
$429.89
$518.13
$1,641.83
16
13
2
1 -
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS FEB - APR 2013 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
13
8
5
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.4
1.8
7.5
-
92%
96%
92%
87%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR/APR COMPARISON
-16%
1%
3%
-100%
AVERAGE LIST PRICE PER SQUARE FOOT
-3%
-7%
81%
-100%
AVERAGE SOLD PRICE
-8%
2%
17%
-100%
AVERAGE SOLD PRICE PER SQUARE FOOT
7%
-6%
105%
-100%
-56%
-69%
50%
-100%
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
-100%
-100%
-100%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-100%
-100%
-100%
0%
10%
1%
13%
-100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
33
SINGLE FAMILY HOME SALES
MALIBU BEACH
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 area’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) FEB - APR 2014
ALL
< $1M
$1M - $3M
> $3M
$7,066,400
$-
$2,424,500
$8,226,875
AVERAGE LIST PRICE PER SQUARE FOOT
$2,582.20
$-
$1,365.15
$2,780.76
AVERAGE SOLD PRICE
$6,543,025
$-
$2,317,000
$7,599,531
AVERAGE SOLD PRICE PER SQUARE FOOT
$2,575.21
AVERAGE LIST PRICE
$2,396.99
$-
$1,304.62
TOTAL SFH SOLD
10
-
2
8
TOTAL SFH FOR SALE AT END OF PERIOD
64
-
7
57
AVERAGE MONTHLY SUPPLY OF INVENTORY
19.2
-
10.5
21.4
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
93%
0%
96%
92%
SFH FEB - APR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$8,731,111
$-
$2,630,000
$11,781,667
$2,599.51
$-
$1,254.29
$2,689.06
$6,886,383
$-
$2,488,317
$9,085,417
$1,131.40
$2,073.66
$2,014.85
$-
TOTAL SFH SOLD
9
-
3
6
TOTAL SFH FOR SALE AT END OF PERIOD
72
-
10
62
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY
24.0
-
10.0
31.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
79%
0%
95%
77%
ALL
< $1M
$1M - $3M
> $3M -30%
SFH APR/APR COMPARISON
-19%
0%
-8%
AVERAGE LIST PRICE PER SQUARE FOOT
-1%
0%
9%
3%
AVERAGE SOLD PRICE
-5%
0%
-7%
-16%
AVERAGE SOLD PRICE PER SQUARE FOOT
19%
0%
15%
24%
TOTAL SFH SOLD
11%
0%
-33%
33%
TOTAL SFH FOR SALE AT END OF PERIOD
-11%
0%
-30%
-8%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-20%
0%
5%
-31%
17%
0%
1%
20%
AVERAGE LIST PRICE
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
CONDOMINIUM SALES
MALIBU BEACH
APRIL MARKET OVERVIEW In Malibu Beach there were 2 single family home sales in April 2014, down from 5 in April 2013 and a 50% decrease from the 4 sales closed last month. The average list price for single family home sales in April 2014 was $3,937,500 compared to $5,487,000 for April 2013, representing a 28% decrease. For the three-month period from February to April 2014, the average list price was 19% lower than the same period of the prior year. Average sales price for April 2014 was $3,595,125, compared to that of February through April 2014, which was $6,543,025. Comparing April 2014 to March 2014, Malibu Beach saw a 37% decrease in average sale price, and a 30% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) FEB - APR 2014
ALL
< $1M
$1M - $3M
> $3M
$816,000
$816,000
$-
$-
$836.71
$836.71
$-
$-
AVERAGE SOLD PRICE
$775,750
$775,750
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
$795.44
$795.44
$-
$-
TOTAL CONDOS SOLD
4
4
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
95%
95%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
$3,197,000
$-
$3,197,000
$-
$1,737.97
$-
$1,737.97
$-
$2,775,000
$-
$2,775,000
$-
$1,508.56
$-
$1,508.56
$-
2
-
2
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS FEB - APR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
15
12
3
AVERAGE MONTHLY SUPPLY OF INVENTORY
22.5
-
4.5
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
87%
0%
87%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR/APR COMPARISON
-74%
0%
-100%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
-52%
0%
-100%
0%
AVERAGE SOLD PRICE
-72%
0%
-100%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
-47%
0%
-100%
0%
TOTAL CONDOS SOLD
100%
0%
-100%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-100%
-100%
-100%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-100%
0%
-100%
0%
10%
0%
-100%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
35
MARINA DEL REY
SINGLE FAMILY HOME SALES With its blue waters and gleaming boats, sitting in the world’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) FEB - APR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,413,927
$690,526
$1,874,273
$-
$592.98
$565.18
$599.21
$-
$1,366,299
$711,304
$1,783,114
$$-
$572.51
$583.39
$570.07
TOTAL SFH SOLD
18
7
11
-
TOTAL SFH FOR SALE AT END OF PERIOD
10
-
2
8
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
1.7
-
0.5
-
97%
103%
95%
0%
ALL
< $1M
$1M - $3M
> $3M
$1,920,786
$658,000
$1,781,917
$4,850,000
SFH FEB - APR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$519.09
$448.23
$479.68
$842.31
$1,857,357
$700,000
$1,712,750
$4,750,000 $824.94
$501.95
$476.84
$461.06
TOTAL SFH SOLD
14
1
12
1
TOTAL SFH FOR SALE AT END OF PERIOD
13
-
7
6
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.8
-
1.8
18.0
97%
106%
96%
98%
ALL
< $1M
$1M - $3M
> $3M
SFH APR/APR COMPARISON
-26%
5%
5%
-100%
14%
26%
25%
-100%
-26%
2%
4%
-100%
AVERAGE SOLD PRICE PER SQUARE FOOT
14%
22%
24%
-100%
TOTAL SFH SOLD
29%
600%
-8%
-100%
TOTAL SFH FOR SALE AT END OF PERIOD
-23%
0%
-71%
33%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-40%
0%
-69%
-100%
0%
-3%
-1%
-100%
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
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
36
MARINA DEL REY
CONDOMINIUM SALES APRIL MARKET OVERVIEW
In Marina Del Rey there were 27 condominium sales in April 2014, up from 21 in April 2013 and a 23% increase from the 22 sales closed last month. The average list price for condo sales in April 2014 was $971,870 compared to $839,076 for April 2013, representing a 16% increase. For the three-month period from February to April 2014, the average list price was 9% higher than the same period of the prior year. Average sales price for April 2014 was $953,978, compared to that of February through April 2014, which was $834,311. Comparing April 2014 to March 2014, Marina Del Rey saw a 23% increase in average sale price, and a 15% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) FEB - APR 2014
ALL
< $1M
$1M - $3M
> $3M
$855,108
$704,700
$1,499,714
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$532.77
$456.79
$796.99
$-
AVERAGE SOLD PRICE
$834,311
$691,750
$1,445,286
$-
$519.72
$448.30
$768.07
$-
74
60
14
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
98%
98%
96%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$783,521
$596,811
$1,608,158
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$500.74
$409.83
$817.80
$-
AVERAGE SOLD PRICE
$776,417
$600,228
$1,554,583
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$496.09
$412.18
$788.75
$-
65
53
12
2
AVERAGE LIST PRICE
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS FEB - APR 2013
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
86
34
50
AVERAGE MONTHLY SUPPLY OF INVENTORY
4.0
1.9
12.5
-
99%
101%
97%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR/APR COMPARISON
9%
18%
-7%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
6%
11%
-3%
0%
AVERAGE SOLD PRICE
7%
15%
-7%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
5%
9%
-3%
0%
14%
13%
17%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-100%
-100%
-100%
-100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-100%
-100%
-100%
0%
-2%
-2%
0%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
FEB - APR 2014
$485,269
$471,252
$1,102,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$302.80
$300.37
$354.11
$-
AVERAGE SOLD PRICE
$484,499
$470,443
$1,103,000
$-
$302.43
$299.96
$354.43
$-
TOTAL SFH SOLD
90
88
2
-
TOTAL SFH FOR SALE AT END OF PERIOD
59
57
2
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.0
1.9
3.0
-
100%
100%
100%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH FEB - APR 2013
ALL
< $1M
$1M - $3M
> $3M
$363,898
$363,898
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$233.40
$233.40
$-
$-
AVERAGE SOLD PRICE
$367,368
$367,368
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$235.63
$235.63
$-
$-
AVERAGE LIST PRICE
100
100
-
-
TOTAL SFH FOR SALE AT END OF PERIOD
51
48
3
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.5
1.4
-
-
101%
101%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
33%
30%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
30%
29%
0%
0%
AVERAGE SOLD PRICE
32%
28%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
28%
27%
0%
0%
TOTAL SFH SOLD
-10%
-12%
0%
0%
TOTAL SFH SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR/APR COMPARISON
TOTAL SFH FOR SALE AT END OF PERIOD
16%
19%
-33%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
29%
35%
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
38
MID LOS ANGELES
CONDOMINIUM SALES APRIL MARKET OVERVIEW
In Mid Los Angeles there were 26 single family home sales in April 2014, down from 40 in April 2013 and a 33% decrease from the 39 sales closed last month. The average list price for single family home sales in April 2014 was $511,127 compared to $372,290 for April 2013, representing a 37% increase. For the three-month period from February to April 2014, the average list price was 33% higher than the same period of the prior year. Average sales price for April 2014 was $512,146, compared to that of February through April 2014, which was $484,499. Comparing April 2014 to March 2014, Mid Los Angeles saw a 16% increase in average sale price, and a 35% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) FEB - APR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$267,950
$267,950
$-
$-
$214.19
$214.19
$-
$-
$266,000
$266,000
$-
$-
$212.63
$212.63
$-
$-
TOTAL CONDOS SOLD
2
2
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
99%
99%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$177,450
$177,450
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$172.20
$172.20
$-
$-
$185,000
$185,000
$-
$-
$179.52
$179.52
$-
$-
2
2
-
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS FEB - APR 2013
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 AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
1
1
-
1.5
1.5
-
-
104%
104%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR/APR COMPARISON
51%
51%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
24%
24%
0%
0%
AVERAGE SOLD PRICE
44%
44%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
18%
18%
0%
0%
0%
0%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-100%
-100%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-100%
-100%
0%
0%
-5%
-5%
0%
0%
TOTAL CONDOS SOLD
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) FEB - APR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL SFH SOLD TOTAL SFH FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
ALL
< $1M
$1M - $3M
> $3M
$642,200
$642,200
$-
$-
$350.47
$350.47
$-
$-
$660,000
$660,000
$-
$-
$360.18
$360.18
$-
$-
5
5
-
-
20
17
3
-
12.0
10.2
-
-
103%
103%
0%
0%
SFH ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
FEB - APR 2013
$447,524
$447,524
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$270.99
$270.99
$-
$-
AVERAGE SOLD PRICE
$462,779
$462,779
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$280.23
$280.23
$-
$-
TOTAL SFH SOLD
17
17
-
-
TOTAL SFH FOR SALE AT END OF PERIOD
12
10
2
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.1
1.8
-
-
103%
103%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR/APR COMPARISON AVERAGE LIST PRICE
44%
44%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
29%
29%
0%
0%
AVERAGE SOLD PRICE
43%
43%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
29%
29%
0%
0%
TOTAL SFH SOLD
-71%
-71%
0%
0%
TOTAL SFH FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
67%
70%
50%
0%
467%
478%
0%
0%
-1%
-1%
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 APRIL MARKET OVERVIEW
In Mid Wilshire there were 9 condominium sales in April 2014, down from 23 in April 2013 and a 31% decrease from the 13 sales closed last month. The average list price for condo sales in April 2014 was $482,211 compared to $414,796 for April 2013, representing a 16% increase. For the three-month period from February to April 2014, the average list price was 14% higher than the same period of the prior year. Average sales price for April 2014 was $472,322, compared to that of February through April 2014, which was $431,650. Comparing April 2014 to March 2014, Mid Wilshire saw a 25% increase in average sale price, and a 13% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
FEB - APR 2014
$444,011
$444,011
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$373.09
$373.09
$-
$-
$431,650
$431,650
$-
$-
$362.71
$362.71
$-
$-
36
36
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
97%
97%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS FEB - APR 2013
$389,823
$389,823
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$352.65
$352.65
$-
$-
AVERAGE SOLD PRICE
$391,511
$391,511
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$354.17
$354.17
$-
$-
45
45
-
-
AVERAGE LIST PRICE
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
39
37
2
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.6
2.5
-
-
100%
100%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR/APR COMPARISON
14%
14%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
6%
6%
0%
0%
AVERAGE SOLD PRICE
10%
10%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
2%
2%
0%
0%
TOTAL CONDOS SOLD
-20%
-20%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-100%
-100%
-100%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-100%
-100%
0%
0%
-3%
-3%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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) FEB - APR 2014
ALL
< $1M
$1M - $3M
> $3M
$555,848
$555,848
$-
$-
$471.61
$471.61
$-
$-
AVERAGE SOLD PRICE
$566,127
$566,127
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
$481.33
$481.33
$-
$-
TOTAL SFH SOLD
33
33
-
-
TOTAL SFH FOR SALE AT END OF PERIOD
22
21
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.0
1.9
-
-
102%
102%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH FEB - APR 2013
ALL
< $1M
$1M - $3M
> $3M
$517,384
$517,384
$-
$-
$326.11
$326.11
$-
$-
AVERAGE SOLD PRICE
$531,105
$531,105
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$334.76
$334.76
$-
$-
TOTAL SFH SOLD
41
41
-
-
TOTAL SFH FOR SALE AT END OF PERIOD
24
21
3
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.8
1.5
-
-
103%
103%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR/APR COMPARISON
7%
7%
0%
0%
45%
45%
0%
0%
7%
7%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
44%
44%
0%
0%
TOTAL SFH SOLD
-20%
-20%
0%
0%
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
TOTAL SFH FOR SALE AT END OF PERIOD
-8%
0%
-67%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
14%
24%
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 APRIL MARKET OVERVIEW
In Mount Washington there were 15 single family home sales in April 2014, down from 18 in April 2013 and a 67% increase from the 9 sales closed last month. The average list price for single family home sales in April 2014 was $576,627 almost matching $551,689 for April 2013. For the three-month period from February to April 2014, the average list price was 7% higher than the same period of the prior year. Average sales price for April 2014 was $595,020, compared to that of February through April 2014, which was $566,127. Comparing April 2014 to March 2014, Mount Washington saw a 5% increase in average sale price, and a 7% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
FEB - APR 2014
$-
$-
$-
> $3M $-
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 AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-
-
-
-
0%
0%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
CONDOS FEB - APR 2013 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 ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR/APR COMPARISON
0%
0%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
0%
0%
0%
0% 0%
AVERAGE SOLD PRICE
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 Angeles’ 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) FEB - APR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$3,627,183
$875,000
$1,915,275
$6,001,467
$933.06
$-
$793.67
$1,029.01
$3,581,377
$825,000
$1,951,731
$5,846,119
$922.41
$-
$809.13
$1,000.39
TOTAL SFH SOLD
71
1
40
30
TOTAL SFH FOR SALE AT END OF PERIOD
73
1
41
31
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.1
3.0
3.1
3.1
99%
94%
102%
97%
ALL
< $1M
$1M - $3M
> $3M
$2,824,881
$845,000
$1,978,214
$4,653,565
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH FEB - APR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$867.67
$843.73
$712.27
$1,068.38
$2,872,501
$827,500
$1,979,390
$4,797,718
$712.34
$1,100.92 23
$881.64
$826.26
TOTAL SFH SOLD
70
2
45
TOTAL SFH FOR SALE AT END OF PERIOD
86
-
39
47
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.7
-
2.6
6.1
102%
98%
100%
103%
ALL
< $1M
$1M - $3M
> $3M
28%
4%
-3%
29%
8%
-100%
11%
-4%
25%
0%
-1%
22%
AVERAGE SOLD PRICE PER SQUARE FOOT
5%
-100%
14%
-9%
TOTAL SFH SOLD
1%
-50%
-11%
30%
TOTAL SFH FOR SALE AT END OF PERIOD
-15%
0%
5%
-34%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-16%
0%
18%
-49%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-3%
-4%
2%
-6%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR/APR COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
44
PACIFIC PALISADES
CONDOMINIUM SALES APRIL MARKET OVERVIEW
In Pacific Palisades there were 24 single family home sales in April 2014, down from 31 in April 2013 and a 17% decrease from the 29 sales closed last month. The average list price for single family home sales in April 2014 was $3,638,667 compared to $2,750,771 for April 2013, representing a 32% increase. For the three-month period from February to April 2014, the average list price was 28% higher than the same period of the prior year. Average sales price for April 2014 was $3,567,228, compared to that of February through April 2014, which was $3,581,377. Comparing April 2014 to March 2014, Pacific Palisades saw a 4% decrease in average sale price, but a 29% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) FEB - APR 2014
ALL
< $1M
$1M - $3M
> $3M
$882,570
$621,007
$1,480,429
$-
$557.91
$472.32
$664.68
$-
$868,809
$620,163
$1,437,143
$-
$549.16
$472.14
$645.24
$-
23
16
7
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
98%
100%
97%
0%
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
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS FEB - APR 2013
$768,472
$740,206
$1,249,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$439.41
$425.64
$651.88
$-
AVERAGE SOLD PRICE
$745,713
$721,931
$1,150,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$426.39
$415.13
$600.21
$-
18
17
1
1
AVERAGE LIST PRICE
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
20
12
7
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.3
2.1
21.0
-
97%
98%
92%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR/APR COMPARISON
15%
-16%
19%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
27%
11%
2%
0%
AVERAGE SOLD PRICE
17%
-14%
25%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
29%
14%
8%
0%
28%
-6%
600%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-100%
-100%
-100%
-100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-100%
-100%
-100%
0%
1%
2%
5%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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) FEB - APR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,161,870
$781,168
$1,408,283
$2,995,000
$625.86
$628.42
$622.26
$680.68
$1,184,968
$796,174
$1,435,595
$3,100,000
$638.31
$640.49
$634.32
$704.55
TOTAL SFH SOLD
75
32
42
1
TOTAL SFH FOR SALE AT END OF PERIOD
36
13
23
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.4
1.2
1.6
-
102%
102%
102%
104%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
FEB - APR 2013
$861,229
$730,298
$1,297,667
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$548.63
$545.94
$553.56
$-
$883,635
$752,976
$1,319,167
$-
$563.05
$563.23
$562.73
$-
TOTAL SFH SOLD
78
60
18
-
TOTAL SFH FOR SALE AT END OF PERIOD
30
13
17
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.2
0.7
2.8
-
103%
103%
102%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR/APR COMPARISON AVERAGE LIST PRICE
35%
7%
9%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
14%
15%
12%
0%
AVERAGE SOLD PRICE
34%
6%
9%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
13%
14%
13%
0%
TOTAL SFH SOLD
-4%
-47%
133%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
20%
0%
35%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
25%
88%
-42%
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
46
PALMS - MAR VISTA
CONDOMINIUM SALES APRIL MARKET OVERVIEW
In Palms - Mar Vista there were 30 single family home sales in April 2014, down from 36 in April 2013 and a 15% increase from the 26 sales closed last month. The average list price for single family home sales in April 2014 was $1,072,490 compared to $864,883 for April 2013, representing a 24% increase. For the three-month period from February to April 2014, the average list price was 35% higher than the same period of the prior year. Average sales price for April 2014 was $1,099,203, compared to that of February through April 2014, which was $1,184,968. Comparing April 2014 to March 2014, Palms - Mar Vista saw a 17% decrease in average sale price, but a 23% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) FEB - APR 2014
ALL
< $1M
$1M - $3M
> $3M
$452,791
$452,791
$-
$-
$415.61
$415.61
$-
$-
$458,432
$458,432
$-
$-
$420.79
$420.79
$-
$-
22
22
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
101%
101%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
$406,335
$406,335
$-
$-
$347.14
$347.14
$-
$-
AVERAGE SOLD PRICE
$409,774
$409,774
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$350.08
$350.08
$-
$-
23
23
-
-
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS FEB - APR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
11
11
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.4
1.4
-
-
101%
101%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR/APR COMPARISON
11%
11%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
20%
20%
0%
0%
AVERAGE SOLD PRICE
12%
12%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
20%
20%
0%
0%
-4%
-4%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-100%
-100%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-100%
-100%
0%
0%
0%
0%
0%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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) FEB - APR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,527,200
$927,667
$1,334,091
$5,450,000
$493.18
$391.48
$515.00
$502.49
$1,505,606
$906,667
$1,342,190
$5,100,000 $470.22
$486.20
$382.61
$518.13
TOTAL SFH SOLD
15
3
11
1
TOTAL SFH FOR SALE AT END OF PERIOD
13
2
9
2
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.6
2.0
2.5
6.0
99%
98%
101%
94%
SFH FEB - APR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
ALL
< $1M
$1M - $3M
> $3M
$1,181,464
$795,900
$1,395,667
$-
$464.43
$487.27
$457.63
$-
$1,176,411
$793,600
$1,389,083
$-
$462.44
$485.86
$455.47
$-
TOTAL SFH SOLD
14
5
9
-
TOTAL SFH FOR SALE AT END OF PERIOD
10
3
5
2
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.1
1.8
1.7
-
100%
100%
100%
0%
ALL
< $1M
$1M - $3M
> $3M
SFH APR/APR COMPARISON
29%
17%
-4%
0%
6%
-20%
13%
0%
28%
14%
-3%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
5%
-21%
14%
0%
TOTAL SFH SOLD
7%
-40%
22%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
30%
-33%
80%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
21%
11%
47%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-1%
-2%
1%
0%
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
48
PLAYA DEL REY
CONDOMINIUM SALES APRIL MARKET OVERVIEW
In Playa Del Rey there were 14 condominium sales in April 2014, which is the same as April 2013 and a 17% increase from the 12 sales closed last month. The average list price for condo sales in April 2014 was $458,664 compared to $404,029 for April 2013, representing a 14% increase. For the three-month period from February to April 2014, the average list price was 18% higher than the same period of the prior year. Average sales price for April 2014 was $454,929, compared to that of February through April 2014, which was $503,034. Comparing April 2014 to March 2014, Playa Del Rey saw a 29% decrease in average sale price, but a 10% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) FEB - APR 2014
ALL
< $1M
$1M - $3M
> $3M
$509,635
$466,786
$1,259,500
$-
$441.83
$415.21
$756.46
$-
$503,034
$461,493
$1,230,000
$-
$436.11
$410.50
$738.74
$-
37
35
2
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
99%
99%
98%
0%
ALL
< $1M
$1M - $3M
> $3M
$430,350
$413,596
$999,999
$-
$373.77
$366.41
$520.83
$-
$433,609
$416,950
$1,000,000
$-
$376.60
$369.39
$520.83
$-
35
34
1
-
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS FEB - APR 2013 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
15
13
2
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.3
1.1
6.0
-
101%
101%
100%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR/APR COMPARISON
18%
13%
26%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
18%
13%
45%
0%
AVERAGE SOLD PRICE
16%
11%
23%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
16%
11%
42%
0%
6%
3%
100%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-100%
-100%
-100%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-100%
-100%
-100%
0%
-2%
-2%
-2%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) FEB - APR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,049,500
$-
$1,049,500
$-
$408.84
$-
$408.84
$-
$1,067,498
$-
$1,067,498
$-
$415.85
$-
$415.85
$-
TOTAL SFH SOLD
2
-
2
-
TOTAL SFH FOR SALE AT END OF PERIOD
3
-
3
-
4.5
-
4.5
-
102%
0%
102%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
FEB - APR 2013
$-
$-
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$-
$-
$-
$-
AVERAGE SOLD PRICE
$-
$-
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$-
$-
$-
$-
TOTAL SFH SOLD
-
-
-
-
TOTAL SFH FOR SALE AT END OF PERIOD
2
-
2
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
0%
0%
0%
0%
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 SFH SOLD
0%
0%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR/APR COMPARISON
50%
0%
50%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
0%
0%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
0%
0%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
50
PLAYA VISTA
CONDOMINIUM SALES APRIL MARKET OVERVIEW
In Playa Vista there were 13 condominium sales in April 2014, up from 7 in April 2013 and a 63% increase from the 8 sales closed last month. The average list price for condo sales in April 2014 was $678,538 almost matching $675,429 for April 2013. For the three-month period from February to April 2014, the average list price was 14% higher than the same period of the prior year. Average sales price for April 2014 was $684,192, compared to that of February through April 2014, which was $696,264. Comparing April 2014 to March 2014, Playa Vista saw a 7% decrease in average sale price, and a 1% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
FEB - APR 2014
$693,314
$674,585
$1,199,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$452.08
$457.51
$383.07
$-
$696,264
$677,422
$1,205,000
$-
$454.00
$459.43
$384.98
$-
28
27
1
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
100%
100%
101%
0%
ALL
< $1M
$1M - $3M
> $3M
$605,995
$605,995
$-
$-
$381.46
$381.46
$-
$-
AVERAGE SOLD PRICE
$613,464
$613,464
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$386.16
$386.16
$-
$-
19
19
-
-
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS FEB - APR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
18
17
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.8
2.7
-
-
101%
101%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR/APR COMPARISON
14%
11%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
19%
20%
0%
0%
AVERAGE SOLD PRICE
13%
10%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
18%
19%
0%
0%
47%
42%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-100%
-100%
-100%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-100%
-100%
0%
0%
-1%
-1%
0%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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) FEB - APR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,619,122
$942,600
$1,757,071
$4,651,625
$945.38
$838.48
$900.52
$983.04
$2,595,697
$879,300
$1,825,541
$4,479,845 $946.74
$935.94
$777.86
$934.79
TOTAL SFH SOLD
49
5
28
16
TOTAL SFH FOR SALE AT END OF PERIOD
47
1
28
18
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.9
0.6
3.0
3.4
99%
93%
104%
96%
ALL
< $1M
$1M - $3M
> $3M
$2,515,074
$830,857
$1,913,197
$5,831,278
SFH FEB - APR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
$1,048.90
$865.99
$923.04
$1,268.33
AVERAGE SOLD PRICE
$2,445,783
$839,143
$1,890,001
$5,548,000
$1,014.37
$874.63
$906.95
$1,198.84
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL SFH SOLD
46
7
30
9
TOTAL SFH FOR SALE AT END OF PERIOD
43
3
21
19
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.8
1.3
2.1
6.3
97%
101%
99%
95%
ALL
< $1M
$1M - $3M
> $3M
SFH APR/APR COMPARISON
4%
13%
-8%
-20%
-10%
-3%
-2%
-22%
AVERAGE SOLD PRICE
6%
5%
-3%
-19%
AVERAGE SOLD PRICE PER SQUARE FOOT
-8%
-11%
3%
-21%
TOTAL SFH SOLD
7%
-29%
-7%
78%
TOTAL SFH FOR SALE AT END OF PERIOD
9%
-67%
33%
-5%
AVERAGE MONTHLY SUPPLY OF INVENTORY
3%
-53%
43%
-47%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2%
-8%
5%
1%
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
52
SANTA MONICA
CONDOMINIUM SALES APRIL MARKET OVERVIEW
In Santa Monica there were 21 single family home sales in April 2014, up from 18 in April 2013 and a 40% increase from the 15 sales closed last month. The average list price for single family home sales in April 2014 was $2,705,381 compared to $3,027,828 for April 2013, representing an 11% decrease. For the three-month period from February to April 2014, the average list price was 4% higher than the same period of the prior year. Average sales price for April 2014 was $2,767,658, compared to that of February through April 2014, which was $2,595,697. Comparing April 2014 to March 2014, Santa Monica saw a 6% increase in average sale price, but a 7% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) FEB - APR 2014 AVERAGE LIST PRICE
ALL
< $1M
$1M - $3M
> $3M
$905,844
$655,513
$1,317,615
$3,261,667
$692.98
$594.67
$746.42
$1,498.70
$906,066
$662,606
$1,316,214
$3,113,333
$692.86
$601.10
$744.90
$1,430.54
100
71
26
3
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
100%
101%
100%
95%
ALL
< $1M
$1M - $3M
> $3M
$883,642
$624,236
$1,376,750
$5,200,000
$667.97
$549.01
$765.77
$1,676.34
AVERAGE SOLD PRICE
$879,259
$626,955
$1,374,301
$4,900,000
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS FEB - APR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
$664.48
$551.19
$764.41
$1,579.63
TOTAL CONDOS SOLD
102
77
23
2
TOTAL CONDOS FOR SALE AT END OF PERIOD
36
19
14
3
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.1
0.7
1.8
4.5
100%
100%
100%
94%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR/APR COMPARISON
3%
5%
-4%
-37%
AVERAGE LIST PRICE PER SQUARE FOOT
4%
8%
-3%
-11% -36%
AVERAGE SOLD PRICE
3%
6%
-4%
AVERAGE SOLD PRICE PER SQUARE FOOT
4%
9%
-3%
-9%
TOTAL CONDOS SOLD
-2%
-8%
13%
50%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-100%
-100%
-100%
-100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-100%
-100%
-100%
-100%
1%
1%
0%
1%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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) FEB - APR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$788,341
$663,390
$1,321,467
$-
$477.19
$464.45
$509.20
$-
$804,229
$673,306
$1,362,833
$-
$487.98
$471.39
$529.66
$-
TOTAL SFH SOLD
79
64
15
-
TOTAL SFH FOR SALE AT END OF PERIOD
48
42
6
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.8
2.0
1.2
-
102%
101%
103%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH FEB - APR 2013
ALL
< $1M
$1M - $3M
> $3M
$629,083
$564,982
$1,214,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$438.45
$430.39
$478.72
$-
AVERAGE SOLD PRICE
$642,017
$577,839
$1,227,638
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$448.67
$441.79
$483.02
$-
AVERAGE LIST PRICE
TOTAL SFH SOLD
81
73
8
-
TOTAL SFH FOR SALE AT END OF PERIOD
41
35
6
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.5
1.4
2.3
-
102%
102%
101%
0%
ALL
< $1M
$1M - $3M
> $3M
25%
17%
9%
0%
9%
8%
6%
0%
25%
17%
11%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
9%
7%
10%
0%
TOTAL SFH SOLD
-2%
-12%
88%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
17%
20%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
20%
37%
-47%
0%
0%
-1%
2%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR/APR COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
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
54
SILVERLAKE - ECHO PARK
CONDOMINIUM SALES APRIL MARKET OVERVIEW
In Silver Lake - Echo Park there were 30 single family home sales in April 2014, up from 27 in April 2013 and a 30% increase from the 23 sales closed last month. The average list price for single family home sales in April 2014 was $818,097 compared to $656,422 for April 2013, representing a 25% increase. For the three-month period from February to April 2014, the average list price was 25% higher than the same period of the prior year. Average sales price for April 2014 was $845,093, compared to that of February through April 2014, which was $804,229. Comparing April 2014 to March 2014, Silver Lake - Echo Park saw a 9% increase in average sale price, and a 26% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) FEB - APR 2014
ALL
< $1M
$1M - $3M
> $3M
$467,062
$467,062
$-
$-
$359.51
$359.51
$-
$-
$473,808
$473,808
$-
$-
$364.70
$364.70
$-
$-
13
13
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
101%
101%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
$448,663
$448,663
$-
$-
$352.47
$352.47
$-
$-
$447,330
$447,330
$-
$-
$351.42
$351.42
$-
$-
12
12
-
-
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS FEB - APR 2013 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 AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
4
4
-
1.0
1.0
-
-
100%
100%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR/APR COMPARISON
4%
4%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
2%
2%
0%
0%
AVERAGE SOLD PRICE
6%
6%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
4%
4%
0%
0%
8%
8%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-100%
-100%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-100%
-100%
0%
0%
2%
2%
0%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) FEB - APR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,296,240
$790,427
$1,704,454
$5,496,850
$795.92
$524.69
$663.99
$1,123.76
$2,268,986
$780,633
$1,665,206
$5,498,481
$788.23
$518.19
$648.79
$1,130.51
TOTAL SFH SOLD
105
15
70
20
TOTAL SFH FOR SALE AT END OF PERIOD
178
18
105
55
AVERAGE MONTHLY SUPPLY OF INVENTORY
5.1
3.6
4.5
8.3
99%
99%
98%
100%
ALL
< $1M
$1M - $3M
> $3M
$1,985,945
$783,170
$1,713,618
$6,147,438
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH FEB - APR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$695.47
$459.06
$597.26
$1,093.80
$1,912,125
$772,850
$1,659,642
$5,833,750
$578.61
$1,040.70
$670.49
$452.25
TOTAL SFH SOLD
117
42
59
16
TOTAL SFH FOR SALE AT END OF PERIOD
156
17
89
50
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
4.0
1.2
4.5
9.4
96%
99%
97%
95%
ALL
< $1M
$1M - $3M
> $3M -11%
SFH APR/APR COMPARISON AVERAGE LIST PRICE
16%
1%
-1%
AVERAGE LIST PRICE PER SQUARE FOOT
14%
14%
11%
3%
AVERAGE SOLD PRICE
19%
1%
0%
-6%
AVERAGE SOLD PRICE PER SQUARE FOOT
18%
15%
12%
9%
TOTAL SFH SOLD
-10%
-64%
19%
25%
TOTAL SFH FOR SALE AT END OF PERIOD
14%
6%
18%
10%
AVERAGE MONTHLY SUPPLY OF INVENTORY
27%
196%
-1%
-12%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3%
0%
1%
5% (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
APRIL MARKET OVERVIEW In Sunset Strip - Hollywood Hills West there were 35 single family home sales in April 2014, down from 44 in April 2013 and a 3% decrease from the 36 sales closed last month. The average list price for single family home sales in April 2014 was $2,241,054 compared to $2,015,266 for April 2013, representing an 11% increase. For the three-month period from February to April 2014, the average list price was 16% higher than the same period of the prior year. Average sales price for April 2014 was $2,176,692, compared to that of February through April 2014, which was $2,268,986. Comparing April 2014 to March 2014, Sunset Strip - Hollywood Hills West was flat in average sale price, but a 13% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) FEB - APR 2014 AVERAGE LIST PRICE
ALL
< $1M
$1M - $3M
> $3M
$619,084
$477,374
$-
$3,595,000
$547.22
$431.79
$-
$2,150.12
AVERAGE SOLD PRICE
$616,786
$477,110
$-
$3,550,000
AVERAGE SOLD PRICE PER SQUARE FOOT
$545.19
$431.55
$-
$2,123.21
22
21
-
1
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
100%
100%
0%
99%
ALL
< $1M
$1M - $3M
> $3M $3,495,000
AVERAGE LIST PRICE PER SQUARE FOOT
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS FEB - APR 2013
$736,068
$414,395
$2,895,000
AVERAGE LIST PRICE PER SQUARE FOOT
$623.89
$372.43
$1,731.46
$2,090.31
AVERAGE SOLD PRICE
$714,760
$411,591
$2,732,000
$3,350,000
AVERAGE SOLD PRICE PER SQUARE FOOT
$605.83
$369.91
$1,633.97
$2,003.59
25
22
2
1 -
AVERAGE LIST PRICE
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
14
10
4
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.7
1.4
6.0
-
97%
99%
94%
96%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR/APR COMPARISON
-16%
15%
-100%
3%
AVERAGE LIST PRICE PER SQUARE FOOT
-12%
16%
-100%
3%
AVERAGE SOLD PRICE
-14%
16%
-100%
6%
AVERAGE SOLD PRICE PER SQUARE FOOT
-10%
17%
-100%
6%
-12%
-5%
-100%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-100%
-100%
-100%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-100%
-100%
-100%
0%
3%
1%
-100%
3%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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 Angeles’s most sought-after neighborhoods. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) FEB - APR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,986,632
$843,500
$1,665,258
$6,831,667
$889.76
$834.53
$861.24
$982.41
$1,938,501
$876,500
$1,632,324
$6,518,333
$868.21
$867.18
$844.21
$937.35
TOTAL SFH SOLD
38
4
31
3
TOTAL SFH FOR SALE AT END OF PERIOD
21
-
18
3
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.7
-
1.7
3.0
98%
104%
98%
95%
ALL
< $1M
$1M - $3M
> $3M
$1,439,381
$872,000
$1,542,226
$3,925,000
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH FEB - APR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$850.84
$705.37
$866.47
$1,075.34
$1,449,019
$880,070
$1,556,712
$3,800,000
$872.84
$1,041.10
$855.40
$714.28
TOTAL SFH SOLD
42
10
31
1
TOTAL SFH FOR SALE AT END OF PERIOD
50
5
39
6
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.6
1.5
3.8
18.0
101%
101%
101%
97%
ALL
< $1M
$1M - $3M
> $3M 74%
SFH APR/APR COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
38%
-3%
8%
5%
18%
-1%
-9%
34%
0%
5%
72%
1%
21%
-3%
-10%
TOTAL SFH SOLD
-10%
-60%
0%
200%
TOTAL SFH FOR SALE AT END OF PERIOD
-58%
-100%
-54%
-50%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-54%
-100%
-54%
-83%
-3%
3%
-3%
-1%
AVERAGE SOLD PRICE PER SQUARE FOOT
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
58
VENICE
CONDOMINIUM SALES APRIL MARKET OVERVIEW
In Venice there were 9 single family home sales in April 2014, down from 18 in April 2013 and a 55% decrease from the 20 sales closed last month. The average list price for single family home sales in April 2014 was $2,718,000 compared to $1,622,417 for April 2013, representing a 68% increase. For the three-month period from February to April 2014, the average list price was 38% higher than the same period of the prior year. Average sales price for April 2014 was $2,615,444, compared to that of February through April 2014, which was $1,938,501. Comparing April 2014 to March 2014, Venice saw a 51% increase in average sale price, and a 60% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) FEB - APR 2014
ALL
< $1M
$1M - $3M
> $3M
$1,164,231
$700,167
$1,562,000
$-
$749.52
$595.38
$832.31
$-
$1,157,254
$706,500
$1,543,614
$-
$745.03
$600.77
$822.51
$-
13
6
7
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
99%
101%
99%
0%
ALL
< $1M
$1M - $3M
> $3M
$1,090,667
$575,000
$1,348,500
$-
$679.40
$469.58
$750.94
$-
$1,087,083
$570,000
$1,345,625
$-
$677.17
$465.50
$749.34
$-
6
2
4
-
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS FEB - APR 2013 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 AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
7
1
6
3.5
1.5
4.5
-
100%
99%
100%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR/APR COMPARISON
7%
22%
16%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
10%
27%
11%
0%
AVERAGE SOLD PRICE
6%
24%
15%
0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT
10%
29%
10%
TOTAL CONDOS SOLD
117%
200%
75%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-100%
-100%
-100%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-100%
-100%
-100%
0%
0%
2%
-1%
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 Angeles’ Mecca for fashion, fine dining, unparalleled nightlife, and the worldrenowned 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) FEB - APR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,326,996
$834,750
$1,430,626
$-
$814.45
$647.47
$844.51
$-
$1,302,233
$838,379
$1,399,886
$$-
$798.48
$650.28
$825.17
TOTAL SFH SOLD
23
4
19
-
TOTAL SFH FOR SALE AT END OF PERIOD
22
6
14
2
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.9
4.5
2.2
-
98%
100%
98%
0%
ALL
< $1M
$1M - $3M
> $3M
$1,329,677
$799,042
$1,472,274
$3,950,000
SFH FEB - APR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$732.31
$677.18
$748.11
$700.73
$1,328,650
$807,231
$1,474,887
$3,720,000
$735.03
$699.25
$750.92
$659.93
TOTAL SFH SOLD
44
13
30
1
TOTAL SFH FOR SALE AT END OF PERIOD
15
2
13
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.0
0.5
1.3
-
100%
101%
100%
94%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR/APR COMPARISON AVERAGE LIST PRICE
0%
4%
-3%
-100%
AVERAGE LIST PRICE PER SQUARE FOOT
11%
-4%
13%
-100%
AVERAGE SOLD PRICE
-2%
4%
-5%
-100%
AVERAGE SOLD PRICE PER SQUARE FOOT
9%
-7%
10%
-100%
-48%
-69%
-37%
-100%
TOTAL SFH FOR SALE AT END OF PERIOD
47%
200%
8%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
181%
875%
70%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-2%
-1%
-2%
-100%
TOTAL SFH SOLD
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
60
WEST HOLLYWOOD
CONDOMINIUM SALES APRIL MARKET OVERVIEW
In West Hollywood Vicinity there were 36 condominium sales in April 2014, up from 30 in April 2013 and a 5% decrease from the 38 sales closed last month. The average list price for condo sales in April 2014 was $690,121 compared to $566,263 for April 2013, representing a 22% increase. For the three-month period from February to April 2014, the average list price was 17% higher than the same period of the prior year. Average sales price for April 2014 was $677,621, compared to that of February through April 2014, which was $643,824. Comparing April 2014 to March 2014, West Hollywood Vicinity saw a 2% increase in average sale price, and a 18% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) FEB - APR 2014
ALL
< $1M
$1M - $3M
> $3M
$652,023
$598,621
$1,209,778
$-
$556.62
$532.37
$718.25
$-
$643,824
$591,874
$1,186,417
$-
$549.98
$526.81
$704.38
$-
103
94
9
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
99%
99%
98%
0%
ALL
< $1M
$1M - $3M
> $3M
$556,628
$549,245
$1,199,000
$-
$457.01
$455.18
$543.03
$-
AVERAGE SOLD PRICE
$556,414
$549,017
$1,200,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$456.60
$454.75
$543.48
$-
88
87
1
-
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS FEB - APR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
59
48
11
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.0
1.7
33.0
-
100%
100%
100%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR/APR COMPARISON
17%
9%
1%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
22%
17%
32%
0%
AVERAGE SOLD PRICE
16%
8%
-1%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
20%
16%
30%
0%
17%
8%
800%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-100%
-100%
-100%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-100%
-100%
-100%
0%
-1%
-1%
-2%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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 home to some of the world’s finest shopping. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) FEB - APR 2014
ALL
< $1M
$1M - $3M
> $3M
$882,309
$768,694
$1,268,600
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$609.62
$647.79
$543.62
$-
AVERAGE SOLD PRICE
$891,032
$776,000
$1,282,139
$-
AVERAGE LIST PRICE
$615.64
$653.94
$549.43
$-
TOTAL SFH SOLD
22
17
5
-
TOTAL SFH FOR SALE AT END OF PERIOD
21
14
7
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.9
2.5
4.2
-
101%
101%
101%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
FEB - APR 2013
$666,778
$621,961
$1,144,833
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$446.97
$432.03
$548.38
$-
$654,282
$609,562
$1,131,293
$-
$440.69
$425.77
$541.89
$-
35
32
3
-
9
9
-
-
0.8
0.8
-
-
98%
98%
99%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL SFH SOLD TOTAL SFH FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR/APR COMPARISON AVERAGE LIST PRICE
32%
24%
11%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
36%
50%
-1%
0%
AVERAGE SOLD PRICE
36%
27%
13%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
40%
54%
1%
0%
TOTAL SFH SOLD
-37%
-47%
67%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
133%
56%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
271%
193%
0%
0%
3%
3%
2%
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 APRIL MARKET OVERVIEW
In West Los Angeles there were 21 condominium sales in April 2014, down from 23 in April 2013 and a 24% increase from the 17 sales closed last month. The average list price for condo sales in April 2014 was $621,786 almost matching $614,995 for April 2013. For the three-month period from February to April 2014, the average list price was 1% higher than the same period of the prior year. Average sales price for April 2014 was $622,524, compared to that of February through April 2014, which was $610,019. Comparing April 2014 to March 2014, West Los Angeles saw a 8% increase in average sale price, but a 1% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
FEB - APR 2014
$611,321
$611,321
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$470.32
$470.32
$-
$-
AVERAGE SOLD PRICE
$610,019
$610,019
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$469.43
$469.43
$-
$-
52
52
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
100%
100%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
$607,949
$594,180
$1,199,990
$-
$419.64
$417.84
$461.18
$-
AVERAGE SOLD PRICE
$612,670
$600,058
$1,155,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$422.88
$421.97
$443.89
$-
44
43
1
-
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS FEB - APR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
24
20
4
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.6
1.4
12.0
-
101%
101%
96%
0%
ALL
< $1M
$1M - $3M
> $3M
1%
3%
-100%
0%
12%
13%
-100%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS APR/APR COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
0%
2%
-100%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
11%
11%
-100%
0%
18%
21%
-100%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-100%
-100%
-100%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-100%
-100%
-100%
0%
-1%
-1%
-100%
0%
TOTAL CONDOS SOLD
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 single-family 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 176acre 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) FEB - APR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,819,000
$-
$1,716,862
$3,300,000
$706.18
$-
$693.09
$819.16
$1,860,348
$-
$1,770,545
$3,162,500
$722.82
$-
$715.61
$785.03
TOTAL SFH SOLD
31
-
29
2
TOTAL SFH FOR SALE AT END OF PERIOD
26
1
20
5
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.5
-
2.1
7.5
102%
0%
103%
96%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH FEB - APR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
ALL
< $1M
$1M - $3M
> $3M
$1,433,610
$865,286
$1,599,371
$-
$671.55
$546.86
$696.62
$-
$1,455,316
$869,171
$1,626,275
$-
$681.72
$549.31
$708.33
$-
TOTAL SFH SOLD
31
7
24
-
TOTAL SFH FOR SALE AT END OF PERIOD
26
2
19
5
2.5
0.9
2.4
-
102%
100%
102%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
27%
-100%
7%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
5%
-100%
-1%
0%
28%
-100%
9%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
6%
-100%
1%
0%
TOTAL SFH SOLD
0%
-100%
21%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
0%
-50%
5%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
0%
-100%
-13%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
1%
-100%
1%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR/APR COMPARISON
AVERAGE SOLD PRICE
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
64
WESTWOOD - CENTURY CITY
CONDOMINIUM SALES APRIL MARKET OVERVIEW
In Westwood - Century City there were 49 condominium sales in April 2014, down from 53 in April 2013 and a 6% decrease from the 52 sales closed last month. The average list price for condo sales in April 2014 was $1,204,053 compared to $867,354 for April 2013, representing a 39% increase. For the three-month period from February to April 2014, the average list price was 41% higher than the same period of the prior year. Average sales price for April 2014 was $1,159,824, compared to that of February through April 2014, which was $1,139,423. Comparing April 2014 to March 2014, Westwood - Century City saw a 2% increase in average sale price, and a 40% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) FEB - APR 2014 AVERAGE LIST PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,183,291
$673,059
$1,747,929
$4,477,273
$675.87
$475.42
$726.56
$1,388.89
$1,139,423
$656,994
$1,648,938
$4,315,909
$650.82
$464.15
$685.42
$1,338.83
141
102
28
11
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
96%
98%
94%
96%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$836,891
$622,270
$1,795,125
$2,950,000
AVERAGE LIST PRICE PER SQUARE FOOT
$483.09
$410.03
$651.05
$1,170.63
$802,257
$615,594
$1,620,667
$3,000,000
AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS FEB - APR 2013
AVERAGE SOLD PRICE
$462.78
$405.30
$587.77
$1,190.48
TOTAL CONDOS SOLD
142
117
24
1
TOTAL CONDOS FOR SALE AT END OF PERIOD
173
93
56
24
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.7
2.4
7.0
72.0
96%
99%
90%
102%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR/APR COMPARISON
41%
8%
-3%
52%
AVERAGE LIST PRICE PER SQUARE FOOT
40%
16%
12%
19% 44%
AVERAGE SOLD PRICE
42%
7%
2%
AVERAGE SOLD PRICE PER SQUARE FOOT
41%
15%
17%
12%
TOTAL CONDOS SOLD
-1%
-13%
17%
1000%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-100%
-100%
-100%
-100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-100%
-100%
-100%
-100%
0%
-1%
4%
-5%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
65