Pacific Palisades, CA | web: 0355210
Greater Los Angeles Market Update 3-Month Ending July 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
To view our listings please visit sothebyshomes.com/losangeles Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.
FEATURED LISTINGS IN LOS ANGELES
PACIFIC PALISADES, CA Web ID: 0343599 | $10,995,000 Extraordinary new construction, Neo-Classical luxury estate in Malibu Park. Santa Monica - Venice Brokerage Lee Johnson | 310.892.2244
LOS ANGELES, CA Web ID: 0285792 | $4,067,000 Landmark masterpiece restoration, the Bela Lugosi “Castle La Paloma”. Los Feliz Brokerage Konstantine Valissarakos | 323.252.9451
LOS ANGELES, CA Web ID: 0308084 | $2,699,999 This exquisite, modern marvel features 5 bedrooms and 4½ baths, with no expense spared. Sunset Strip Brokerage Lee Wasser | 310.770.0729
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) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$5,014,154
$844,333
$1,717,450
$9,916,875
$953.45
$609.77
$610.26
$1,191.97
$4,611,349
$783,333
$1,720,225
$8,943,006 $1,127.79
$914.72
$565.72
$611.24
TOTAL SFH SOLD
39
3
20
16
TOTAL SFH FOR SALE AT END OF PERIOD
94
4
36
54
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
7.2
4.0
5.4
10.1
92%
93%
100%
90%
ALL
< $1M
$1M - $3M
> $3M
$3,481,620
$730,590
$1,912,844
$7,377,571
SFH MAY - JUL 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$881.54
$436.85
$608.72
$1,178.23
$3,385,878
$726,500
$1,898,154
$7,098,571 $1,133.67
$857.30
$434.41
$604.04
TOTAL SFH SOLD
45
5
26
14
TOTAL SFH FOR SALE AT END OF PERIOD
88
7
32
49
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
5.9
4.2
3.7
10.5
97%
99%
99%
96%
ALL
< $1M
$1M - $3M
> $3M
44%
16%
-10%
34%
8%
40%
0%
1%
36%
8%
-9%
26%
SFH JUL/JUL COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL SFH SOLD
7%
30%
1%
-1%
-13%
-40%
-23%
14% 10%
7%
-43%
13%
AVERAGE MONTHLY SUPPLY OF INVENTORY
23%
-5%
46%
-4%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-5%
-7%
1%
-6%
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
4
BEL AIR - HOLMBY HILLS
CONDOMINIUM SALES JULY MARKET OVERVIEW
In Bel Air - Holmby Hills there were 13 single family home sales in July 2014, down from 17 in July 2013 and a 18% increase from the 11 sales closed last month. The average list price for single family home sales in July 2014 was $3,345,308 compared to $3,566,762 for July 2013, representing a 6% decrease. For the three-month period from May to July 2014, the average list price was 44% higher than the same period of the prior year. Average sales price for July 2014 was $3,164,615, compared to that of May through July 2014, which was $4,611,349. Comparing July 2014 to June 2014, Bel Air - Holmby Hills saw a 22% decrease in average sale price, and a 9% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$385,000
$385,000
$-
$-
$392.46
$392.46
$-
$-
$365,000
$365,000
$-
$-
$372.07
$372.07
$-
$-
TOTAL CONDOS SOLD
1
1
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
5
3
2
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
15.0
9.0
-
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
95%
95%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
CONDOS MAY - JUL 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
3
2
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
0%
0%
0%
0%
> $3M
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
JUL/JUL COMPARISON
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% 0%
TOTAL CONDOS SOLD
0%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
67%
50%
100%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
0%
0%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
0%
0%
0%
(Source: MLS/CLAW)
5
BEVERLY CENTER - MIRACLE MILE
SINGLE FAMILY HOME SALES
The Beverly Center-Miracle Mile area of Los Angeles, known for its original Spanish two-story homes, duplexes and single-family homes, borders the Mid Los Angeles and Fairfax Districts as well as Hancock Park. The many original Spanish two-story homes, duplexes and single-family homes make up one of the 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) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,491,119
$818,667
$1,592,100
$3,100,000
$688.36
$585.65
$702.52
$-
$1,481,215
$804,978
$1,582,746
$3,100,000 $-
$686.51
$575.85
$701.77
TOTAL SFH SOLD
54
9
44
1
TOTAL SFH FOR SALE AT END OF PERIOD
44
10
32
2
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.4
3.3
2.2
6.0
99%
98%
99%
100%
SFH MAY - JUL 2013
ALL
< $1M
$1M - $3M
> $3M
$1,312,806
$808,412
$1,555,303
$-
$603.97
$468.80
$658.49
$-
$1,296,214
$817,708
$1,526,266
$-
$597.00
$474.19
$646.53
$-
TOTAL SFH SOLD
77
25
52
-
TOTAL SFH FOR SALE AT END OF PERIOD
29
6
22
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
1.1
0.7
1.3
-
99%
101%
98%
0%
ALL
< $1M
$1M - $3M
> $3M
SFH JUL/JUL COMPARISON AVERAGE LIST PRICE
14%
1%
2%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
14%
25%
7%
0%
AVERAGE SOLD PRICE
14%
-2%
4%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
15%
21%
9%
0%
-30%
-64%
-15%
0%
TOTAL SFH SOLD TOTAL SFH FOR SALE AT END OF PERIOD
52%
67%
45%
100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
116%
363%
72%
0%
1%
-3%
1%
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
6
CONDOMINIUM SALES
BEVERLY CENTER - MIRACLE MILE
JULY MARKET OVERVIEW In Beverly Center - Miracle Mile there were 17 single family home sales in July 2014, down from 21 in July 2013 and a 6% increase from the 16 sales closed last month. The average list price for single family home sales in July 2014 was $1,609,618 compared to $1,453,281 for July 2013, representing an 11% increase. For the three-month period from May to July 2014, the average list price was 14% higher than the same period of the prior year. Average sales price for July 2014 was $1,603,150, compared to that of May through July 2014, which was $1,481,215. Comparing July 2014 to June 2014, Beverly Center - Miracle Mile saw a 11% increase in average sale price, and a 13% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAY - JUL 2014
ALL
< $1M
$1M - $3M
> $3M
$626,345
$603,117
$1,299,950
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$479.68
$469.29
$670.08
$-
AVERAGE SOLD PRICE
$611,080
$589,048
$1,250,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE LIST PRICE
$468.49
$458.89
$644.33
$-
TOTAL CONDOS SOLD
30
29
1
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
23
22
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.3
2.3
3.0
-
98%
98%
96%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$572,737
$572,737
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$468.06
$468.06
$-
$-
AVERAGE SOLD PRICE
$572,395
$572,395
$-
$-
$467.78
$467.78
$-
$-
19
19
-
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAY - JUL 2013
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
21
19
2
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.3
3.0
-
-
100%
100%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL/JUL COMPARISON
9%
5%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
2%
0%
0%
0%
AVERAGE SOLD PRICE
7%
3%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
0%
-2%
0%
0%
TOTAL CONDOS SOLD
58%
53%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
10%
16%
-50%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-31%
-24%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-2%
-2%
0%
0%
(Source: MLS/CLAW)
7
BEVERLY HILLS
SINGLE FAMILY HOME SALES Beverly Hill, located within the Golden Triangle, is nestle up against the foothills of the Santa Monica Mountains on the north side. Beverly Hills is bordered by Westwood Village and Century City on the west, West Hollywood and Fairfax District on the east, and Los Angeles City and the 10 freeway on the South. Rodeo Drive between Wilshire Boulevard and Sunset Boulevard include not only the ultimate shopping mecca, but an area of large homes referred to as the Flats,. The blocks were designed by landscape architect William D. Cook, with large lots and wide curving streets lined with palm, eucalyptus and acacia trees and a three-block 80-foot-wide park running along Santa Monica Boulevard. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$5,327,814
$-
$2,005,429
$8,499,182
$1,297.73
$-
$840.62
$1,518.47
$5,104,901
$-
$2,015,143
$8,054,216
$1,250.37
$-
$844.69
$1,446.28
TOTAL SFH SOLD
43
-
21
22
TOTAL SFH FOR SALE AT END OF PERIOD
68
-
15
53
AVERAGE MONTHLY SUPPLY OF INVENTORY
4.7
-
2.1
7.2
96%
0%
100%
95%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY - JUL 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$4,694,534
$-
$1,747,122
$6,441,148
$1,194.99
$-
$748.97
$1,321.91
$4,582,995
$-
$1,784,444
$6,241,395 $1,278.09
$1,162.33
$-
$755.53
TOTAL SFH SOLD
43
-
16
27
TOTAL SFH FOR SALE AT END OF PERIOD
75
-
15
60
AVERAGE SOLD PRICE PER SQUARE FOOT
5.2
-
2.8
6.7
98%
0%
102%
97%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
13%
0%
15%
32%
AVERAGE LIST PRICE PER SQUARE FOOT
9%
0%
12%
15%
AVERAGE SOLD PRICE
11%
0%
13%
29%
AVERAGE SOLD PRICE PER SQUARE FOOT
8%
0%
12%
13%
TOTAL SFH SOLD
0%
0%
31%
-19%
TOTAL SFH FOR SALE AT END OF PERIOD
-9%
0%
0%
-12%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-9%
0%
-24%
8%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-2%
0%
-2%
-2%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL/JUL COMPARISON
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
8
BEVERLY HILLS
CONDOMINIUM SALES JULY MARKET OVERVIEW
In Beverly Hills there were 12 single family home sales in July 2014, down from 14 in July 2013 and a 8% decrease from the 13 sales closed last month. The average list price for single family home sales in July 2014 was $4,461,250 compared to $4,900,857 for July 2013, representing a 9% decrease. For the three-month period from May to July 2014, the average list price was 13% higher than the same period of the prior year. Average sales price for July 2014 was $4,279,500, compared to that of May through July 2014, which was $5,104,901. Comparing July 2014 to June 2014, Beverly Hills saw a 2% increase in average sale price, but a 6% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,096,214
$776,840
$1,522,047
$-
$618.67
$531.28
$709.13
$-
$1,077,894
$763,865
$1,496,600
$$-
$607.52
$522.41
$695.62
TOTAL CONDOS SOLD
35
20
15
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
44
14
27
3
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.8
2.1
5.4
-
98%
98%
98%
0%
ALL
< $1M
$1M - $3M
> $3M
$1,828,784
$779,304
$1,398,273
$11,453,333
$941.95
$507.46
$632.21
$2,819.86
$1,632,192
$757,875
$1,328,182
$9,450,000
$840.69
$493.51
$600.52
$2,326.63
37
23
11
3
CONDOS MAY - JUL 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
32
15
15
2
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.6
2.0
4.1
2.0
89%
97%
95%
83%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL/JUL COMPARISON
-40%
0%
9%
-100%
AVERAGE LIST PRICE PER SQUARE FOOT
-34%
5%
12%
-100% -100%
AVERAGE SOLD PRICE
-34%
1%
13%
AVERAGE SOLD PRICE PER SQUARE FOOT
-28%
6%
16%
-100%
TOTAL CONDOS SOLD
-5%
-13%
36%
-100%
TOTAL CONDOS FOR SALE AT END OF PERIOD
38%
-7%
80%
50%
AVERAGE MONTHLY SUPPLY OF INVENTORY
45%
7%
32%
-100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
10%
1%
4%
-100%
(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) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,622,681
$906,667
$1,832,730
$4,697,416
$794.99
$574.69
$692.63
$945.83
$2,547,291
$900,000
$1,802,520
$4,510,719 $909.38
$773.28
$570.46
$681.21
TOTAL SFH SOLD
40
3
25
12
TOTAL SFH FOR SALE AT END OF PERIOD
101
3
46
52
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
7.6
3.0
5.5
13.0
97%
99%
98%
96%
ALL
< $1M
$1M - $3M
> $3M
$3,238,883
$781,218
$2,062,500
$6,652,429
SFH MAY - JUL 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
$797.45
$381.48
$739.80
$906.89
$3,104,601
$743,936
$1,987,898
$6,358,811
$766.82
$363.28
$711.82
$872.28
TOTAL SFH SOLD
47
7
26
14
TOTAL SFH FOR SALE AT END OF PERIOD
81
4
41
36
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
5.2
1.7
4.7
7.7
96%
95%
96%
96%
ALL
< $1M
$1M - $3M
> $3M
-19%
16%
-11%
-29%
0%
51%
-6%
4%
-18%
21%
-9%
-29%
SFH JUL/JUL COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
1%
57%
-4%
4%
TOTAL SFH SOLD
-15%
-57%
-4%
-14%
TOTAL SFH FOR SALE AT END OF PERIOD
25%
-25%
12%
44%
AVERAGE MONTHLY SUPPLY OF INVENTORY
47%
75%
17%
69%
1%
4%
2%
0%
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
10
BEVERLY HILLS POST OFFICE
CONDOMINIUM SALES JULY MARKET OVERVIEW
In Beverly Hills Post Office there were 14 single family home sales in July 2014, down from 20 in July 2013 and a 27% increase from the 11 sales closed last month. The average list price for single family home sales in July 2014 was $3,096,929 compared to $3,594,550 for July 2013, representing a 14% decrease. For the three-month period from May to July 2014, the average list price was 19% lower than the same period of the prior year. Average sales price for July 2014 was $3,017,643, compared to that of May through July 2014, which was $2,547,291. Comparing July 2014 to June 2014, Beverly Hills Post Office saw a 23% increase in average sale price, but a 14% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
MAY - JUL 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 MAY - JUL 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
JUL/JUL 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) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,046,111
$745,311
$1,477,693
$-
$574.74
$498.39
$646.39
$-
$1,043,277
$743,424
$1,473,500
$$-
$573.18
$497.13
$644.55
TOTAL SFH SOLD
56
33
23
-
TOTAL SFH FOR SALE AT END OF PERIOD
43
22
20
1
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.3
2.0
2.6
-
100%
100%
100%
0%
ALL
< $1M
$1M - $3M
> $3M
$943,947
$718,556
$1,606,363
$3,800,000
SFH MAY - JUL 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$487.50
$461.39
$558.84
$433.30
$940,407
$721,862
$1,630,636
$3,182,400
$567.29
$362.87
$485.37
$463.13
TOTAL SFH SOLD
57
45
11
1
TOTAL SFH FOR SALE AT END OF PERIOD
33
16
17
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.7
1.1
4.6
-
100%
100%
102%
84%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL/JUL COMPARISON AVERAGE LIST PRICE
11%
4%
-8%
-100%
AVERAGE LIST PRICE PER SQUARE FOOT
18%
8%
16%
-100%
AVERAGE SOLD PRICE
11%
3%
-10%
-100%
AVERAGE SOLD PRICE PER SQUARE FOOT
18%
7%
14%
-100%
TOTAL SFH SOLD
-2%
-27%
109%
-100%
TOTAL SFH FOR SALE AT END OF PERIOD
30%
38%
18%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
33%
88%
-44%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
-1%
-2%
-100% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
12
BEVERLYWOOD
CONDOMINIUM SALES JULY MARKET OVERVIEW
In Beverlywood there were 23 single family home sales in July 2014, up from 19 in July 2013 and a 53% increase from the 15 sales closed last month. The average list price for single family home sales in July 2014 was $1,053,865 almost matching $1,043,153 for July 2013. For the three-month period from May to July 2014, the average list price was 11% higher than the same period of the prior year. Average sales price for July 2014 was $1,049,783, compared to that of May through July 2014, which was $1,043,277. Comparing July 2014 to June 2014, Beverlywood saw a 4% decrease in average sale price, but was flat compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$634,500
$634,500
$-
$-
$482.11
$482.11
$-
$-
$618,808
$618,808
$-
$-
$470.19
$470.19
$-
$-
TOTAL CONDOS SOLD
13
13
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
8
7
1
-
1.8
1.6
-
-
98%
98%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
$595,218
$552,106
$1,285,000
$-
$414.14
$410.81
$438.57
$-
$596,221
$553,172
$1,285,000
$-
$414.84
$411.61
$438.57
$-
17
16
1
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAY - JUL 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
12
12
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.1
2.3
-
-
100%
100%
100%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL/JUL COMPARISON
7%
15%
-100%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
16%
17%
-100%
0%
AVERAGE SOLD PRICE
4%
12%
-100%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
13%
14%
-100%
0%
TOTAL CONDOS SOLD
-24%
-19%
-100%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-33%
-42%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-13%
-28%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-3%
-3%
-100%
0%
(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) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$4,048,620
$798,000
$2,041,960
$7,136,103
$1,018.73
$884.70
$743.44
$1,209.45
$3,790,089
$798,000
$2,006,674
$6,537,637
$953.68
$884.70
$730.60
$1,108.02
TOTAL SFH SOLD
73
1
43
29
TOTAL SFH FOR SALE AT END OF PERIOD
72
1
29
42
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.0
3.0
2.0
4.3
94%
100%
98%
92%
ALL
< $1M
$1M - $3M
> $3M
$3,291,988
$880,000
$2,113,816
$5,171,437
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY - JUL 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$900.30
$596.21
$800.21
$987.11
$3,165,272
$970,000
$1,985,458
$5,040,464
$861.97
$657.18
$747.96
$959.40
TOTAL SFH SOLD
82
1
49
32
TOTAL SFH FOR SALE AT END OF PERIOD
71
-
36
35
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.6
-
2.2
3.3
96%
110%
94%
97%
ALL
< $1M
$1M - $3M
> $3M 38%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL/JUL COMPARISON AVERAGE LIST PRICE
23%
-9%
-3%
AVERAGE LIST PRICE PER SQUARE FOOT
13%
48%
-7%
23%
AVERAGE SOLD PRICE
20%
-18%
1%
30%
AVERAGE SOLD PRICE PER SQUARE FOOT
11%
35%
-2%
15%
TOTAL SFH SOLD
-11%
0%
-12%
-9%
1%
0%
-19%
20%
AVERAGE MONTHLY SUPPLY OF INVENTORY
14%
0%
-8%
32%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-3%
-9%
5%
-6%
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
14
BRENTWOOD
CONDOMINIUM SALES JULY MARKET OVERVIEW
In Brentwood there were 21 single family home sales in July 2014, down from 28 in July 2013 and a 25% decrease from the 28 sales closed last month. The average list price for single family home sales in July 2014 was $3,139,238 compared to $3,646,214 for July 2013, representing a 14% decrease. For the three-month period from May to July 2014, the average list price was 23% higher than the same period of the prior year. Average sales price for July 2014 was $3,045,179, compared to that of May through July 2014, which was $3,790,089. Comparing July 2014 to June 2014, Brentwood saw a 7% decrease in average sale price, and a 12% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$704,628
$621,389
$1,183,250
$-
$510.72
$504.03
$531.47
$-
$696,086
$618,340
$1,143,125
$-
$504.40
$501.49
$513.45
$-
TOTAL CONDOS SOLD
54
46
8
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
55
40
15
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.1
2.6
5.6
-
99%
100%
97%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$712,453
$634,672
$1,434,714
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$500.46
$485.33
$573.07
$-
AVERAGE SOLD PRICE
$713,195
$639,616
$1,396,429
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$501.02
$489.20
$557.77
$-
72
65
7
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAY - JUL 2013
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
39
26
13
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.6
1.2
5.6
-
100%
101%
97%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL/JUL COMPARISON
-1%
-2%
-18%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
2%
4%
-7%
0%
AVERAGE SOLD PRICE
-2%
-3%
-18%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
1%
3%
-8%
0%
TOTAL CONDOS SOLD
-25%
-29%
14%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
41%
54%
15%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
88%
117%
1%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-1%
-1%
-1%
0%
(Source: MLS/CLAW)
15
CHEVIOT HILLS - RANCHO PARK
SINGLE FAMILY HOME SALES
Cheviot Hills and Rancho Park are both situated within a short drive of Fox Studios and Sony Studios. Cheviot Hills provides excellent views of much of the Los Angeles. Cheviot 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) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,731,192
$897,000
$1,532,048
$3,681,333
$884.37
$586.27
$805.08
$1,379.29
$1,741,673
$907,500
$1,555,167
$3,603,333
$887.45
$593.14
$814.58
$1,350.07
TOTAL SFH SOLD
26
2
21
3
TOTAL SFH FOR SALE AT END OF PERIOD
16
1
12
3
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.8
1.5
1.7
3.0
101%
101%
102%
98%
ALL
< $1M
$1M - $3M
> $3M
$1,677,756
$624,450
$1,576,429
$3,795,000
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY - JUL 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$623.21
$397.61
$605.35
$801.06
$1,667,873
$608,763
$1,587,109
$3,575,000
$609.46
$754.62 2
$619.54
$387.62
TOTAL SFH SOLD
25
2
21
TOTAL SFH FOR SALE AT END OF PERIOD
12
1
10
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.4
1.5
1.4
1.5
99%
97%
101%
94%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL/JUL COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
3%
44%
-3%
-3%
42%
47%
33%
72%
4%
49%
-2%
1%
43%
53%
34%
79%
4%
0%
0%
50%
TOTAL SFH FOR SALE AT END OF PERIOD
33%
0%
20%
200%
AVERAGE MONTHLY SUPPLY OF INVENTORY
28%
0%
20%
100%
1%
4%
1%
4%
TOTAL SFH SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
16
CHEVIOT HILLS - RANCHO PARK
CONDOMINIUM SALES JULY MARKET OVERVIEW
In Cheviot Hills - Rancho Park there were 7 single family home sales in July 2014, which is the same as July 2013 and a 36% decrease from the 11 sales closed last month. The average list price for single family home sales in July 2014 was $1,622,286 compared to $2,303,286 for July 2013, representing a 30% decrease. For the three-month period from May to July 2014, the average list price was 3% higher than the same period of the prior year. Average sales price for July 2014 was $1,617,071, compared to that of May through July 2014, which was $1,741,673. Comparing July 2014 to June 2014, Cheviot Hills - Rancho Park saw a 16% decrease in average sale price, and a 27% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
MAY - JUL 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 MAY - JUL 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
1
1
-
-
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
JUL/JUL 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%
-100%
-100%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
0%
0%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
0%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
(Source: MLS/CLAW)
17
CULVER CITY
SINGLE FAMILY HOME SALES Charming Culver City, with its condos and traditional and Spanish-style homes, is a town of galleries, shops, cafes and entrepreneurial businesses. Culver City has been a focal point for motion picture studios since the 1920s and more recently for television production, having been home to MGM Studios, the Culver Studios and now Sony Picture Entertainment. Home of the Kirk Douglas Theatre, Helms Bakeries and the Culver Hotel, Culver 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) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY - JUL 2014
$874,145
$763,138
$1,225,667
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$548.87
$540.14
$566.94
$-
AVERAGE SOLD PRICE
$901,784
$785,571
$1,269,792
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$566.23
$556.02
$587.35
$-
TOTAL SFH SOLD
50
38
12
-
TOTAL SFH FOR SALE AT END OF PERIOD
30
22
8
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.8
1.7
2.0
-
103%
103%
104%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY - JUL 2013
$761,737
$711,911
$1,116,750
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$481.81
$490.09
$447.48
$-
AVERAGE SOLD PRICE
$779,449
$730,898
$1,125,375
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$493.02
$503.16
$450.94
$-
TOTAL SFH SOLD
65
57
8
-
TOTAL SFH FOR SALE AT END OF PERIOD
33
26
7
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.5
1.4
2.6
-
102%
103%
101%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL/JUL COMPARISON AVERAGE LIST PRICE
15%
7%
10%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
14%
10%
27%
0%
AVERAGE SOLD PRICE
16%
7%
13%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
15%
11%
30%
0%
TOTAL SFH SOLD
-23%
-33%
50%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-9%
-15%
14%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
18%
27%
-24%
0%
1%
0%
3%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
18
CULVER CITY
CONDOMINIUM SALES JULY MARKET OVERVIEW
In Culver City there were 17 single family home sales in July 2014, down from 26 in July 2013 and a 6% increase from the 16 sales closed last month. The average list price for single family home sales in July 2014 was $878,647 compared to $782,231 for July 2013, representing a 12% increase. For the three-month period from May to July 2014, the average list price was 15% higher than the same period of the prior year. Average sales price for July 2014 was $918,806, compared to that of May through July 2014, which was $901,784. Comparing July 2014 to June 2014, Culver City saw a 3% decrease in average sale price, but a 16% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY - JUL 2014
$441,287
$441,287
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$395.70
$395.70
$-
$-
$445,069
$445,069
$-
$-
AVERAGE SOLD PRICE
$399.09
$399.09
$-
$-
TOTAL CONDOS SOLD
71
71
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
35
35
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.5
1.5
-
-
101%
101%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
$402,495
$402,495
$-
$-
$343.41
$343.41
$-
$-
AVERAGE SOLD PRICE
$417,506
$417,506
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$356.29
$356.29
$-
$-
75
75
-
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAY - JUL 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
24
24
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.0
1.0
-
-
104%
104%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL/JUL COMPARISON
10%
10%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
15%
15%
0%
0%
AVERAGE SOLD PRICE
7%
7%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
12%
12%
0%
0%
TOTAL CONDOS SOLD
-5%
-5%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
46%
46%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
54%
54%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-3%
-3%
0%
0%
(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) MAY - JUL 2014
ALL
< $1M
$1M - $3M
> $3M
$282,307
$282,307
$-
$-
$198.18
$198.18
$-
$-
AVERAGE SOLD PRICE
$291,500
$291,500
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$-
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
$204.64
$204.64
$-
TOTAL SFH SOLD
29
29
-
-
TOTAL SFH FOR SALE AT END OF PERIOD
29
26
2
1
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.0
2.7
-
-
103%
103%
0%
0%
SFH MAY - JUL 2013
ALL
< $1M
$1M - $3M
> $3M
$242,661
$242,661
$-
$-
$170.75
$170.75
$-
$-
$242,481
$242,481
$-
$-
$170.62
$170.62
$-
$-
TOTAL SFH SOLD
28
28
-
-
TOTAL SFH FOR SALE AT END OF PERIOD
28
27
-
1
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
3.0
2.9
-
-
100%
100%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
16%
16%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
16%
16%
0%
0%
AVERAGE SOLD PRICE
20%
20%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
20%
20%
0%
0%
4%
4%
0%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
4%
-4%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
0%
-7%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3%
3%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL/JUL COMPARISON
TOTAL SFH SOLD
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
20
DOWNTOWN LOS ANGELES
CONDOMINIUM SALES JULY MARKET OVERVIEW
In Downtown L.A. there were 42 condominium sales in July 2014, up from 33 in July 2013 and a 8% increase from the 39 sales closed last month. The average list price for condo sales in July 2014 was $609,090 compared to $541,721 for July 2013, representing a 12% increase. For the three-month period from May to July 2014, the average list price was 4% lower than the same period of the prior year. Average sales price for July 2014 was $596,905, compared to that of May through July 2014, which was $591,979. Comparing July 2014 to June 2014, Downtown L.A. saw a 9% increase in average sale price, and a 11% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAY - JUL 2014
ALL
< $1M
$1M - $3M
> $3M
$600,058
$550,906
$1,386,500
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$538.73
$528.87
$611.20
$-
AVERAGE SOLD PRICE
$591,979
$545,353
$1,338,000
$$-
AVERAGE LIST PRICE
$531.48
$523.54
$589.82
TOTAL CONDOS SOLD
136
128
8
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
111
99
10
2
AVERAGE SOLD PRICE PER SQUARE FOOT
2.4
2.3
3.8
-
99%
99%
97%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$627,518
$499,008
$2,137,500
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$537.50
$469.88
$888.13
$-
AVERAGE SOLD PRICE
$612,055
$495,762
$1,978,500
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$524.26
$466.82
$822.06
$-
TOTAL CONDOS SOLD
102
94
8
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
113
90
18
5
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.3
2.9
6.8
-
98%
99%
93%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAY - JUL 2013
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL/JUL COMPARISON
-4%
10%
-35%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
0%
13%
-31%
0%
AVERAGE SOLD PRICE
-3%
10%
-32%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
1%
12%
-28%
0%
TOTAL CONDOS SOLD
33%
36%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-2%
10%
-44%
-60%
-26%
-19%
-44%
0%
1%
0%
4%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 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
MAY - JUL 2014
$660,219
$634,552
$1,139,333
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$423.40
$426.73
$392.78
$-
AVERAGE SOLD PRICE
$677,381
$654,535
$1,103,833
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$435.21
$441.16
$380.54
$-
TOTAL SFH SOLD
59
56
3
-
TOTAL SFH FOR SALE AT END OF PERIOD
38
36
2
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.9
1.9
2.0
-
103%
103%
97%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY - JUL 2013
$557,190
$557,190
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$393.76
$393.76
$-
$-
$570,309
$570,309
$-
$-
$403.03
$403.03
$-
$-
TOTAL SFH SOLD
54
54
-
-
TOTAL SFH FOR SALE AT END OF PERIOD
36
32
4
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.0
1.8
-
-
102%
102%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
18%
14%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
8%
8%
0%
0%
AVERAGE SOLD PRICE
19%
15%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
8%
9%
0%
0%
TOTAL SFH SOLD
9%
4%
0%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
6%
13%
-50%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-3%
8%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
1%
0%
0%
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL/JUL COMPARISON
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
22
EAGLE ROCK
CONDOMINIUM SALES JULY MARKET OVERVIEW
In Eagle Rock there were 24 single family home sales in July 2014, up from 21 in July 2013 and a 85% increase from the 13 sales closed last month. The average list price for single family home sales in July 2014 was $695,825 compared to $563,429 for July 2013, representing a 23% increase. For the three-month period from May to July 2014, the average list price was 18% higher than the same period of the prior year. Average sales price for July 2014 was $703,603, compared to that of May through July 2014, which was $677,381. Comparing July 2014 to June 2014, Eagle Rock was flat in average sale price, and a 24% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$369,000
$369,000
$-
$-
$239.77
$239.77
$-
$-
$370,000
$370,000
$-
$-
$240.42
$240.42
$-
$-
TOTAL CONDOS SOLD
1
1
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
1
1
-
-
3.0
3.0
-
-
100%
100%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
$229,000
$229,000
$-
$-
$205.38
$205.38
$-
$-
$220,000
$220,000
$-
$-
$197.31
$197.31
$-
$-
1
1
-
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAY - JUL 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
1
1
-
3.0
3.0
-
-
96%
96%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL/JUL COMPARISON
61%
61%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
17%
17%
0%
0%
AVERAGE SOLD PRICE
68%
68%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
22%
22%
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
4%
4%
0%
0%
(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) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,891,382
$785,621
$1,678,140
$5,729,900
$648.63
$397.05
$663.24
$821.34
$1,851,833
$773,444
$1,669,229
$5,493,900
$635.38
$390.89
$661.06
$787.51
TOTAL SFH SOLD
77
27
40
10
TOTAL SFH FOR SALE AT END OF PERIOD
88
32
42
14
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.4
3.6
3.2
4.2
98%
98%
99%
96%
ALL
< $1M
$1M - $3M
> $3M
$1,523,333
$785,020
$1,513,453
$4,150,900
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY - JUL 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$562.54
$424.66
$561.86
$712.11
$1,527,096
$801,977
$1,526,734
$4,066,600
$564.06
$434.60
$566.79
$697.65
TOTAL SFH SOLD
89
35
44
10
TOTAL SFH FOR SALE AT END OF PERIOD
63
17
32
14
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.1
1.5
2.2
4.2
100%
102%
101%
98%
ALL
< $1M
$1M - $3M
> $3M 38%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL/JUL COMPARISON AVERAGE LIST PRICE
24%
0%
11%
AVERAGE LIST PRICE PER SQUARE FOOT
15%
-7%
18%
15%
AVERAGE SOLD PRICE
21%
-4%
9%
35%
AVERAGE SOLD PRICE PER SQUARE FOOT
13%
-10%
17%
13%
TOTAL SFH SOLD
-13%
-23%
-9%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
40%
88%
31%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
61%
144%
44%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-2%
-4%
-1%
-2% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
24
CONDOMINIUM SALES
HANCOCK PARK
JULY MARKET OVERVIEW In Hancock Park - Wilshire there were 30 single family home sales in July 2014, up from 28 in July 2013 and a 36% increase from the 22 sales closed last month. The average list price for single family home sales in July 2014 was $1,911,630 compared to $1,461,600 for July 2013, representing a 31% increase. For the three-month period from May to July 2014, the average list price was 24% higher than the same period of the prior year. Average sales price for July 2014 was $1,893,021, compared to that of May through July 2014, which was $1,851,833. Comparing July 2014 to June 2014, Hancock Park - Wilshire saw a 5% decrease in average sale price, but a 27% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY - JUL 2014
$580,531
$508,230
$2,135,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$445.95
$415.28
$717.04
$-
AVERAGE SOLD PRICE
$572,411
$500,546
$2,117,500
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$439.71
$409.00
$711.17
$-
TOTAL CONDOS SOLD
45
43
2
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
51
45
6
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.4
3.1
9.0
-
99%
98%
99%
0%
ALL
< $1M
$1M - $3M
> $3M
$505,912
$472,891
$1,447,000
$-
$409.47
$396.62
$586.54
$-
$495,998
$463,840
$1,412,500
$-
$401.45
$389.02
$572.56
$-
59
57
2
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAY - JUL 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
62
59
3
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.2
3.1
4.5
-
98%
98%
98%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL/JUL COMPARISON
15%
7%
48%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
9%
5%
22%
0%
AVERAGE SOLD PRICE
15%
8%
50%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
10%
5%
24%
0%
TOTAL CONDOS SOLD
-24%
-25%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-18%
-24%
100%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
8%
1%
100%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
1%
0%
2%
0%
(Source: MLS/CLAW)
25
HOLLYWOOD
SINGLE FAMILY HOME SALES Hollywood puts you right in one of the most desirable districts of Los Angeles real estate. Hollywood’s fame is rooted in its cultural identity, peerless entertainment industry and historical significance as the origin of American cinema. Hollywood is consistently the host of major events such as the Academy Awards and is the paramount tourist attraction with Hollywood Boulevard, the Walk of Fame and the Hollywood Bowl. From the red carpet to Hollywood’s 130-acre national park, Runyon Canyon, this vibrant community radiates its authentic prestige. Hollywood homes and estates are some of the most luxurious in all of California. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY - JUL 2014
$971,783
$646,786
$1,477,333
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$534.76
$447.23
$617.01
$-
AVERAGE SOLD PRICE
$961,298
$657,979
$1,433,127
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$-
$528.99
$454.97
$598.55
TOTAL SFH SOLD
23
14
9
-
TOTAL SFH FOR SALE AT END OF PERIOD
26
20
5
1
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.4
4.3
1.7
-
99%
102%
97%
0%
SFH MAY - JUL 2013
ALL
< $1M
$1M - $3M
> $3M
$683,180
$609,108
$1,535,000
$-
$459.77
$420.78
$756.34
$-
$684,248
$613,748
$1,495,000
$-
$460.19
$423.84
$736.63
$-
TOTAL SFH SOLD
25
23
2
-
TOTAL SFH FOR SALE AT END OF PERIOD
14
10
4
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.7
1.3
6.0
-
100%
101%
97%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
42%
6%
-4%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
16%
6%
-18%
0%
AVERAGE SOLD PRICE
40%
7%
-4%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
15%
7%
-19%
0%
TOTAL SFH SOLD
-8%
-39%
350%
0%
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 JUL/JUL COMPARISON
TOTAL SFH FOR SALE AT END OF PERIOD
86%
100%
25%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
102%
229%
-72%
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
26
HOLLYWOOD
CONDOMINIUM SALES JULY MARKET OVERVIEW
In Hollywood there were 16 condominium sales in July 2014, up from 10 in July 2013 and a 11% decrease from the 18 sales closed last month. The average list price for condo sales in July 2014 was $617,825 compared to $525,800 for July 2013, representing an 18% increase. For the three-month period from May to July 2014, the average list price was 24% higher than the same period of the prior year. Average sales price for July 2014 was $611,869, compared to that of May through July 2014, which was $704,790. Comparing July 2014 to June 2014, Hollywood saw a 4% decrease in average sale price, but a 15% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY - JUL 2014
$716,579
$516,011
$1,541,139
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$574.79
$496.48
$729.90
$-
AVERAGE SOLD PRICE
$704,790
$511,868
$1,497,917
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$565.38
$492.65
$709.43
$-
TOTAL CONDOS SOLD
46
37
9
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
26
20
6
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.7
1.6
2.0
-
98%
99%
97%
0%
ALL
< $1M
$1M - $3M
> $3M
$578,469
$530,280
$1,349,500
$-
$456.72
$430.78
$723.59
$-
$576,809
$528,516
$1,349,500
$-
$455.38
$429.31
$723.59
$-
34
32
2
2
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAY - JUL 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
37
28
7
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.3
2.6
10.5
-
100%
100%
100%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL/JUL COMPARISON
24%
-3%
14%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
26%
15%
1%
0%
AVERAGE SOLD PRICE
22%
-3%
11%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
24%
15%
-2%
0%
TOTAL CONDOS SOLD
35%
16%
350%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-30%
-29%
-14%
-100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-48%
-38%
-81%
0%
-1%
0%
-3%
0%
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) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,234,027
$820,072
$1,412,862
$3,499,000
$533.25
$472.07
$540.40
$841.92
$1,218,753
$805,972
$1,393,712
$3,575,000 $860.20
$527.36
$464.58
$533.79
TOTAL SFH SOLD
48
18
29
1
TOTAL SFH FOR SALE AT END OF PERIOD
61
17
41
3
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.8
2.8
4.2
9.0
99%
98%
99%
102%
SFH MAY - JUL 2013
ALL
< $1M
$1M - $3M
> $3M
$1,058,335
$803,979
$1,397,476
$-
$456.51
$437.79
$472.74
$-
$1,070,929
$803,523
$1,427,470
$-
$461.76
$437.55
$482.75
$-
TOTAL SFH SOLD
49
28
21
-
TOTAL SFH FOR SALE AT END OF PERIOD
46
11
32
3
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
2.8
1.2
4.6
-
101%
100%
102%
0%
ALL
< $1M
$1M - $3M
> $3M
SFH JUL/JUL COMPARISON AVERAGE LIST PRICE
17%
2%
1%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
17%
8%
14%
0%
AVERAGE SOLD PRICE
14%
0%
-2%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
14%
6%
11%
0%
TOTAL SFH SOLD
-2%
-36%
38%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
33%
55%
28%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
35%
140%
-7%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-2%
-2%
-3%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
28
HOLLYWOOD HILLS EAST
CONDOMINIUM SALES JULY MARKET OVERVIEW
In Hollywood Hills East there were 20 single family home sales in July 2014, up from 8 in July 2013 and a 33% increase from the 15 sales closed last month. The average list price for single family home sales in July 2014 was $1,224,115 compared to $1,089,000 for July 2013, representing a 12% increase. For the three-month period from May to July 2014, the average list price was 17% higher than the same period of the prior year. Average sales price for July 2014 was $1,203,675, compared to that of May through July 2014, which was $1,218,753. Comparing July 2014 to June 2014, Hollywood Hills East saw a 7% decrease in average sale price, but a 9% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAY - JUL 2014
ALL
< $1M
$1M - $3M
> $3M
$422,533
$422,533
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$399.03
$399.03
$-
$-
AVERAGE SOLD PRICE
$415,500
$415,500
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE LIST PRICE
$392.39
$392.39
$-
$-
TOTAL CONDOS SOLD
9
9
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
9
8
1
-
3.0
2.7
-
-
98%
98%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$431,217
$431,217
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$364.39
$364.39
$-
$-
AVERAGE SOLD PRICE
$435,397
$435,397
$-
$-
$367.92
$367.92
$-
$-
10
10
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAY - JUL 2013
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
-
1.2
1.2
-
-
101%
101%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL/JUL COMPARISON
-2%
-2%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
10%
10%
0%
0%
AVERAGE SOLD PRICE
-5%
-5%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
7%
7%
0%
0%
TOTAL CONDOS SOLD
-10%
-10%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
125%
100%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
150%
122%
0%
0%
-3%
-3%
0%
0%
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) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,394,536
$728,794
$1,568,402
$3,512,500
$626.01
$533.63
$613.68
$887.44
$1,392,985
$742,043
$1,565,868
$3,430,000 $866.60
$625.92
$544.81
$613.49
TOTAL SFH SOLD
76
25
47
4
TOTAL SFH FOR SALE AT END OF PERIOD
64
17
38
9
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.5
2.0
2.4
6.8
100%
102%
100%
98%
ALL
< $1M
$1M - $3M
> $3M
$1,232,738
$704,935
$1,554,243
$3,975,333
SFH MAY - JUL 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$557.86
$531.64
$542.59
$786.05
$1,243,239
$717,775
$1,572,677
$3,833,333 $757.98
$562.61
$541.33
$549.03
TOTAL SFH SOLD
91
43
45
3
TOTAL SFH FOR SALE AT END OF PERIOD
40
9
22
9
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
1.3
0.6
1.5
9.0
101%
102%
101%
96%
ALL
< $1M
$1M - $3M
> $3M -12%
SFH JUL/JUL COMPARISON AVERAGE LIST PRICE
13%
3%
1%
AVERAGE LIST PRICE PER SQUARE FOOT
12%
0%
13%
13%
AVERAGE SOLD PRICE
12%
3%
0%
-11%
AVERAGE SOLD PRICE PER SQUARE FOOT
11%
1%
12%
14%
TOTAL SFH SOLD
-16%
-42%
4%
33%
TOTAL SFH FOR SALE AT END OF PERIOD
60%
89%
73%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
92%
225%
65%
-25%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-1%
0%
-1%
1% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
30
LOS FELIZ
CONDOMINIUM SALES JULY MARKET OVERVIEW
In Los Feliz there were 24 single family home sales in July 2014, down from 33 in July 2013 and a similar performance from the 24 sales closed last month. The average list price for single family home sales in July 2014 was $1,345,033 compared to $1,250,864 for July 2013, representing an 8% increase. For the three-month period from May to July 2014, the average list price was 13% higher than the same period of the prior year. Average sales price for July 2014 was $1,329,354, compared to that of May through July 2014, which was $1,392,985. Comparing July 2014 to June 2014, Los Feliz saw a 14% decrease in average sale price, but a 6% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAY - JUL 2014
ALL
< $1M
$1M - $3M
> $3M
$457,595
$457,595
$-
$-
$433.16
$433.16
$-
$-
AVERAGE SOLD PRICE
$471,200
$471,200
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
$446.04
$446.04
$-
$-
TOTAL CONDOS SOLD
10
10
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
6
6
-
-
1.8
1.8
-
-
103%
103%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
$360,714
$360,714
$-
$-
$363.41
$363.41
$-
$-
AVERAGE SOLD PRICE
$372,786
$372,786
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$375.58
$375.58
$-
$-
7
7
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAY - JUL 2013 AVERAGE LIST PRICE AVERAGE LIST 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
-
0.4
0.4
-
-
103%
103%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL/JUL COMPARISON
27%
27%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
19%
19%
0%
0%
AVERAGE SOLD PRICE
26%
26%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
19%
19%
0%
0%
43%
43%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
500%
500%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
320%
320%
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) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,936,750
$869,000
$2,122,137
$5,056,176
$890.67
$465.35
$773.52
$1,054.07
$2,800,305
$828,507
$2,027,375
$4,814,762 $1,005.32
$851.61
$448.03
$741.85
TOTAL SFH SOLD
52
6
29
17
TOTAL SFH FOR SALE AT END OF PERIOD
179
6
83
90
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY
10.3
3.0
8.6
15.9
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
95%
95%
96%
95%
ALL
< $1M
$1M - $3M
> $3M
$2,728,194
$846,750
$1,907,747
$5,948,282
SFH MAY - JUL 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
$766.66
$396.88
$666.55
$954.89
$2,592,487
$842,500
$1,829,274
$5,587,868
$728.53
$394.89
$639.13
$897.03
TOTAL SFH SOLD
49
4
34
11
TOTAL SFH FOR SALE AT END OF PERIOD
181
10
75
96
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
11.1
7.5
6.6
26.2
95%
99%
96%
94%
ALL
< $1M
$1M - $3M
> $3M -15%
SFH JUL/JUL COMPARISON AVERAGE LIST PRICE
8%
3%
11%
AVERAGE LIST PRICE PER SQUARE FOOT
16%
17%
16%
10%
AVERAGE SOLD PRICE
8%
-2%
11%
-14%
AVERAGE SOLD PRICE PER SQUARE FOOT
17%
13%
16%
12%
TOTAL SFH SOLD
6%
50%
-15%
55%
TOTAL SFH FOR SALE AT END OF PERIOD
-1%
-40%
11%
-6%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-7%
-60%
30%
-39%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
-4%
0%
1% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
32
MALIBU
CONDOMINIUM SALES JULY MARKET OVERVIEW
In Malibu there were 20 single family home sales in July 2014, down from 22 in July 2013 and a 43% increase from the 14 sales closed last month. The average list price for single family home sales in July 2014 was $3,024,259 compared to $2,690,391 for July 2013, representing a 12% increase. For the three-month period from May to July 2014, the average list price was 8% higher than the same period of the prior year. Average sales price for July 2014 was $2,914,245, compared to that of May through July 2014, which was $2,800,305. Comparing July 2014 to June 2014, Malibu saw a 16% increase in average sale price, and a 14% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAY - JUL 2014
ALL
< $1M
$1M - $3M
> $3M
$798,907
$723,759
$1,099,500
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$568.37
$591.00
$516.32
$-
AVERAGE SOLD PRICE
$750,150
$678,313
$1,037,500
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE LIST PRICE
$533.69
$553.89
$487.20
$-
TOTAL CONDOS SOLD
10
8
2
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
19
11
8
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
5.7
4.1
12.0
-
94%
94%
94%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$714,992
$602,490
$1,277,500
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$507.00
$496.00
$534.97
$-
$679,325
$575,190
$1,200,000
$-
$481.71
$473.52
$502.51
$-
12
10
2
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAY - JUL 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
11
8
3
2.8
2.4
4.5
-
95%
95%
94%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL/JUL COMPARISON
12%
20%
-14%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
12%
19%
-3%
0%
AVERAGE SOLD PRICE
10%
18%
-14%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
11%
17%
-3%
0%
TOTAL CONDOS SOLD
-17%
-20%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
73%
38%
167%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
107%
72%
167%
0%
-1%
-2%
0%
0%
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) MAY - JUL 2014
ALL
< $1M
$1M - $3M
> $3M
$5,845,944
$-
$1,874,500
$7,831,667
AVERAGE LIST PRICE PER SQUARE FOOT
$1,886.10
$-
$1,330.69
$2,012.25
AVERAGE SOLD PRICE
$5,886,111
$-
$1,818,333
$7,920,000
$1,737.69
$-
$1,290.82
$1,839.19
9
-
3
6
69
-
10
59
AVERAGE LIST 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
23.0
-
10.0
29.5
101%
0%
97%
101%
SFH MAY - JUL 2013
ALL
< $1M
$1M - $3M
> $3M
$3,840,000
$-
$2,265,000
$5,730,000
AVERAGE LIST PRICE PER SQUARE FOOT
$1,984.51
$-
$1,254.97
$2,737.12
AVERAGE SOLD PRICE
$3,647,841
$-
$2,161,875
$5,431,000
AVERAGE SOLD PRICE PER SQUARE FOOT
$2,584.16
AVERAGE LIST PRICE
$1,868.35
$-
$1,174.48
TOTAL SFH SOLD
11
-
6
5
TOTAL SFH FOR SALE AT END OF PERIOD
69
-
9
60
AVERAGE MONTHLY SUPPLY OF INVENTORY
18.8
-
4.5
36.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
95%
0%
95%
95%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
52%
0%
-17%
37%
AVERAGE LIST PRICE PER SQUARE FOOT
-5%
0%
6%
-26%
AVERAGE SOLD PRICE
61%
0%
-16%
46%
AVERAGE SOLD PRICE PER SQUARE FOOT
-7%
0%
10%
-29%
TOTAL SFH SOLD
-50%
20%
SFH JUL/JUL COMPARISON
-18%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
0%
0%
11%
-2%
AVERAGE MONTHLY SUPPLY OF INVENTORY
22%
0%
122%
-18%
6%
0%
2%
7%
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
JULY MARKET OVERVIEW In Malibu Beach there were 2 single family home sales in July 2014, down from 4 in July 2013 and a 67% decrease from the 6 sales closed last month. The average list price for single family home sales in July 2014 was $5,922,500 compared to $4,173,750 for July 2013, representing a 42% increase. For the three-month period from May to July 2014, the average list price was 52% higher than the same period of the prior year. Average sales price for July 2014 was $4,845,000, compared to that of May through July 2014, which was $5,886,111. Comparing July 2014 to June 2014, Malibu Beach saw a 13% decrease in average sale price, but a 23% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY - JUL 2014
$859,786
$770,583
$1,395,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$900.84
$835.32
$1,217.28
$-
AVERAGE SOLD PRICE
$792,143
$710,000
$1,285,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$-
$829.97
$769.65
$1,121.29
TOTAL CONDOS SOLD
7
6
1
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
18
11
5
2
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
7.7
5.5
15.0
-
92%
92%
92%
0%
ALL
< $1M
$1M - $3M
> $3M
$833,780
$737,644
$1,699,000
$-
$832.78
$787.71
$1,072.60
$-
$795,600
$713,444
$1,535,000
$-
$794.65
$761.87
$969.07
$-
10
9
1
-
CONDOS MAY - JUL 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
11
7
4
3.3
2.3
12.0
-
95%
97%
90%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL/JUL COMPARISON
3%
4%
-18%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
8%
6%
13%
0%
AVERAGE SOLD PRICE
0%
0%
-16%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
4%
1%
16%
0%
TOTAL CONDOS SOLD
-30%
-33%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
64%
57%
25%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
134%
136%
25%
0%
-3%
-5%
2%
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) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,900,564
$756,300
$1,932,667
$3,472,500
$630.85
$796.66
$611.92
$633.21
$1,876,786
$839,333
$1,925,111
$3,215,500 $586.34
$622.43
$884.13
$609.15
TOTAL SFH SOLD
14
3
9
2
TOTAL SFH FOR SALE AT END OF PERIOD
18
2
13
3
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.9
2.0
4.3
4.5
99%
111%
100%
93%
SFH MAY - JUL 2013
ALL
< $1M
$1M - $3M
> $3M
$1,642,900
$734,500
$1,870,000
$-
$633.37
$494.95
$651.26
$-
$1,600,686
$749,500
$1,813,482
$-
$617.10
$505.05
$631.57
$-
TOTAL SFH SOLD
10
2
8
-
TOTAL SFH FOR SALE AT END OF PERIOD
12
-
6
6
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
3.6
-
2.3
-
97%
102%
97%
0%
ALL
< $1M
$1M - $3M
> $3M
SFH JUL/JUL COMPARISON AVERAGE LIST PRICE
16%
3%
3%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
0%
61%
-6%
0%
AVERAGE SOLD PRICE
17%
12%
6%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
1%
75%
-4%
0%
TOTAL SFH SOLD
40%
50%
13%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
50%
0%
117%
-50%
AVERAGE MONTHLY SUPPLY OF INVENTORY
7%
0%
93%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
1%
9%
3%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
36
MARINA DEL REY
CONDOMINIUM SALES JULY MARKET OVERVIEW
In Marina Del Rey there were 38 condominium sales in July 2014, down from 39 in July 2013 and a 19% increase from the 32 sales closed last month. The average list price for condo sales in July 2014 was $875,151 compared to $1,009,849 for July 2013, representing a 13% decrease. For the three-month period from May to July 2014, the average list price was 1% lower than the same period of the prior year. Average sales price for July 2014 was $854,595, compared to that of May through July 2014, which was $880,643. Comparing July 2014 to June 2014, Marina Del Rey saw a 11% decrease in average sale price, and a 14% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY - JUL 2014
$901,647
$720,537
$1,444,980
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$558.22
$470.48
$786.43
$-
$880,643
$715,978
$1,374,640
$$-
AVERAGE SOLD PRICE
$545.30
$467.51
$747.63
TOTAL CONDOS SOLD
100
75
25
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
84
49
33
2
AVERAGE SOLD PRICE PER SQUARE FOOT
2.5
2.0
4.0
-
98%
99%
95%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$910,489
$669,534
$1,666,750
$3,375,000
AVERAGE LIST PRICE PER SQUARE FOOT
$546.55
$442.23
$775.92
$1,084.86
$894,020
$668,400
$1,597,236
$3,300,000
$536.66
$441.48
$743.56
$1,060.75
94
73
20
1
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAY - JUL 2013
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
86
45
37
4
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.7
1.8
5.6
12.0
98%
100%
96%
98%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL/JUL COMPARISON
-1%
8%
-13%
-100%
AVERAGE LIST PRICE PER SQUARE FOOT
2%
6%
1%
-100% -100%
AVERAGE SOLD PRICE
-1%
7%
-14%
AVERAGE SOLD PRICE PER SQUARE FOOT
2%
6%
1%
-100%
TOTAL CONDOS SOLD
6%
3%
25%
-100%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-2%
9%
-11%
-50%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-8%
6%
-29%
-100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-1%
0%
-1%
-100%
(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) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$483,352
$460,953
$895,500
$-
$310.04
$300.53
$442.88
$-
$503,294
$459,207
$1,314,500
$-
$322.84
$299.39
$650.10
$-
TOTAL SFH SOLD
97
92
5
-
TOTAL SFH FOR SALE AT END OF PERIOD
89
83
6
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.8
2.7
3.6
-
104%
100%
147%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY - JUL 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
ALL
< $1M
$1M - $3M
> $3M
$456,670
$409,720
$1,283,000
$-
$272.83
$260.62
$370.32
$-
$469,928
$423,946
$1,279,200
$-
$280.75
$269.67
$369.22
$-
TOTAL SFH SOLD
93
88
5
-
TOTAL SFH FOR SALE AT END OF PERIOD
75
68
7
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.4
2.3
4.2
-
103%
103%
100%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL/JUL COMPARISON AVERAGE LIST PRICE
6%
13%
-30%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
14%
15%
20%
0%
AVERAGE SOLD PRICE
7%
8%
3%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
15%
11%
76%
0%
TOTAL SFH SOLD
4%
5%
0%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
19%
22%
-14%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
14%
17%
-14%
0%
1%
-4%
47%
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
38
MID LOS ANGELES
CONDOMINIUM SALES JULY MARKET OVERVIEW
In Mid Los Angeles there were 31 single family home sales in July 2014, up from 30 in July 2013 and a 3% increase from the 30 sales closed last month. The average list price for single family home sales in July 2014 was $455,842 almost matching $458,387 for July 2013. For the three-month period from May to July 2014, the average list price was 6% higher than the same period of the prior year. Average sales price for July 2014 was $451,197, compared to that of May through July 2014, which was $503,294. Comparing July 2014 to June 2014, Mid Los Angeles saw a 21% decrease in average sale price, and a 5% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$325,950
$325,950
$-
$-
$257.77
$257.77
$-
$-
$323,000
$323,000
$-
$-
$255.44
$255.44
$-
$-
TOTAL CONDOS SOLD
4
4
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
2
2
-
-
1.5
1.5
-
-
99%
99%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
$229,967
$229,967
$-
$-
$277.40
$277.40
$-
$-
$235,000
$235,000
$-
$-
$283.47
$283.47
$-
$-
3
3
-
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAY - JUL 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
1
1
-
1.0
1.0
-
-
102%
102%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL/JUL COMPARISON
42%
42%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
-7%
-7%
0%
0%
AVERAGE SOLD PRICE
37%
37%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
-10%
-10%
0%
0%
TOTAL CONDOS SOLD
33%
33%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
100%
100%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
50%
50%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-3%
-3%
0%
0%
(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) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY - JUL 2014
$713,900
$696,308
$925,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$330.34
$325.04
$387.52
$-
AVERAGE SOLD PRICE
$709,077
$684,000
$1,010,000
$-
$328.11
$319.29
$423.13
$-
TOTAL SFH SOLD
13
12
1
-
TOTAL SFH FOR SALE AT END OF PERIOD
17
14
3
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.9
3.5
9.0
-
99%
98%
109%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY - JUL 2013
$471,317
$471,317
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$270.59
$270.59
$-
$-
$515,000
$515,000
$-
$-
$295.67
$295.67
$-
$-
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL SFH SOLD
6
6
-
-
TOTAL SFH FOR SALE AT END OF PERIOD
16
13
3
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
8.0
6.5
-
-
109%
109%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL/JUL COMPARISON AVERAGE LIST PRICE
51%
48%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
22%
20%
0%
0%
AVERAGE SOLD PRICE
38%
33%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
11%
8%
0%
0%
TOTAL SFH SOLD
117%
100%
0%
0%
6%
8%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-51%
-46%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-9%
-10%
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
40
MID WILSHIRE
CONDOMINIUM SALES JULY MARKET OVERVIEW
In Mid Wilshire there were 16 condominium sales in July 2014, down from 23 in July 2013 and a 16% decrease from the 19 sales closed last month. The average list price for condo sales in July 2014 was $547,550 compared to $409,161 for July 2013, representing a 34% increase. For the three-month period from May to July 2014, the average list price was 15% higher than the same period of the prior year. Average sales price for July 2014 was $522,475, compared to that of May through July 2014, which was $486,280. Comparing July 2014 to June 2014, Mid Wilshire saw a 30% increase in average sale price, and a 27% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY - JUL 2014
$501,916
$466,241
$2,250,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$424.16
$406.90
$745.03
$-
$486,280
$457,429
$1,900,000
$-
AVERAGE SOLD PRICE
$410.95
$399.21
$629.14
$-
TOTAL CONDOS SOLD
50
49
1
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
46
43
3
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.8
2.6
9.0
-
97%
98%
84%
0%
ALL
< $1M
$1M - $3M
> $3M
$437,849
$416,528
$1,845,000
$-
$379.57
$368.93
$651.94
$-
$436,785
$415,448
$1,845,000
$-
$378.94
$368.28
$651.94
$-
67
66
1
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAY - JUL 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
61
59
2
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.7
2.7
6.0
-
100%
100%
100%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL/JUL COMPARISON
15%
12%
22%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
12%
10%
14%
0%
AVERAGE SOLD PRICE
11%
10%
3%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
8%
8%
-3%
0%
TOTAL CONDOS SOLD
-25%
-26%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-25%
-27%
50%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
1%
-2%
50%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-3%
-2%
-16%
0%
(Source: MLS/CLAW)
41
MOUNT WASHINGTON
SINGLE FAMILY HOME SALES
Founded in 1909, Mount Washington is located on the eastside of Los Angeles neighboring Glassell Park, Eagle Rock, Highland Park and Montecito Heights and its close proximity to both Pasadena and Downtown Los Angeles have made it popular for homebuyers. It is known for the many 1950s and 1960s modernist homes that can be found here. Recently the area has become a more affordable alternative to the more pricey Westside. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAY - JUL 2014
ALL
< $1M
$1M - $3M
> $3M
$649,741
$621,754
$1,167,500
$-
$412.01
$444.46
$241.27
$-
AVERAGE SOLD PRICE
$668,115
$639,905
$1,190,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
$423.99
$457.82
$245.92
$-
TOTAL SFH SOLD
39
37
2
-
TOTAL SFH FOR SALE AT END OF PERIOD
36
34
2
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.8
2.8
3.0
-
103%
103%
102%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY - JUL 2013
ALL
< $1M
$1M - $3M
> $3M
$594,550
$559,310
$1,052,667
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$355.09
$349.16
$402.24
$-
AVERAGE SOLD PRICE
$611,966
$577,758
$1,056,667
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$365.49
$360.68
$403.77
$-
TOTAL SFH SOLD
42
39
3
-
TOTAL SFH FOR SALE AT END OF PERIOD
30
26
4
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.1
2.0
4.0
-
103%
103%
100%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL/JUL COMPARISON AVERAGE LIST PRICE
9%
11%
11%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
16%
27%
-40%
0%
AVERAGE SOLD PRICE
9%
11%
13%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
16%
27%
-39%
0%
TOTAL SFH SOLD
-7%
-5%
-33%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
20%
31%
-50%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
29%
38%
-25%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
0%
2%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
42
MOUNT WASHINGTON
CONDOMINIUM SALES JULY MARKET OVERVIEW
In Mount Washington there were 14 single family home sales in July 2014, down from 15 in July 2013 and a 40% increase from the 10 sales closed last month. The average list price for single family home sales in July 2014 was $678,136 compared to $619,593 for July 2013, representing a 9% increase. For the three-month period from May to July 2014, the average list price was 9% higher than the same period of the prior year. Average sales price for July 2014 was $678,286, compared to that of May through July 2014, which was $668,115. Comparing July 2014 to June 2014, Mount Washington saw a 8% increase in average sale price, and a 5% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
MAY - JUL 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 MAY - JUL 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
JUL/JUL 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) MAY - JUL 2014 AVERAGE LIST PRICE
ALL
< $1M
$1M - $3M
> $3M
$3,238,050
$-
$2,118,273
$4,637,771
$919.87
$-
$867.19
$951.37
$3,172,400
$-
$2,110,271
$4,500,061
$901.26
$-
$862.67
$924.34
108
-
60
48
TOTAL SFH FOR SALE AT END OF PERIOD
75
-
32
43
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.1
-
1.6
2.7
98%
0%
100%
97%
ALL
< $1M
$1M - $3M
> $3M
$2,871,519
$699,000
$1,928,756
$6,050,680
AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL SFH SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY - JUL 2013 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
$811.08
$607.83
$685.46
$1,006.56
$2,790,895
$610,000
$1,930,352
$5,700,714
$786.57
$530.43
$686.35
$943.30
108
1
82
25
75
-
36
39
2.1
-
1.3
4.7
97%
87%
100%
94%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
13%
-100%
10%
-23%
AVERAGE LIST PRICE PER SQUARE FOOT
13%
-100%
27%
-5%
AVERAGE SOLD PRICE
14%
-100%
9%
-21%
AVERAGE SOLD PRICE PER SQUARE FOOT
15%
-100%
26%
-2%
TOTAL SFH SOLD
0%
-100%
-27%
92%
TOTAL SFH FOR SALE AT END OF PERIOD
0%
0%
-11%
10%
AVERAGE MONTHLY SUPPLY OF INVENTORY
0%
0%
21%
-43%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
1%
-100%
0%
3%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL/JUL COMPARISON
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
44
PACIFIC PALISADES
CONDOMINIUM SALES JULY MARKET OVERVIEW
In Pacific Palisades there were 45 single family home sales in July 2014, up from 37 in July 2013 and a 32% increase from the 34 sales closed last month. The average list price for single family home sales in July 2014 was $3,597,378 compared to $2,291,270 for July 2013, representing a 57% increase. For the three-month period from May to July 2014, the average list price was 13% higher than the same period of the prior year. Average sales price for July 2014 was $3,484,864, compared to that of May through July 2014, which was $3,172,400. Comparing July 2014 to June 2014, Pacific Palisades saw a 20% increase in average sale price, and a 51% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$883,494
$773,146
$1,361,667
$-
$470.82
$432.97
$599.85
$-
$882,750
$770,885
$1,367,500
$-
$470.42
$431.70
$602.42
$-
TOTAL CONDOS SOLD
16
13
3
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
13
12
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.4
2.8
1.0
-
100%
100%
100%
0%
ALL
< $1M
$1M - $3M
> $3M
$786,800
$742,461
$1,075,000
$-
$471.89
$479.72
$439.67
$-
AVERAGE SOLD PRICE
$772,067
$733,923
$1,020,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$463.05
$474.20
$417.18
$-
15
13
2
1
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAY - JUL 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
16
13
2
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.2
3.0
3.0
-
98%
99%
95%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL/JUL COMPARISON
12%
4%
27%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
0%
-10%
36%
0%
AVERAGE SOLD PRICE
14%
5%
34%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
2%
-9%
44%
0%
7%
0%
50%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-19%
-8%
-50%
-100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-24%
-8%
-67%
0%
2%
1%
6%
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) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,106,136
$810,666
$1,500,095
$-
$661.32
$673.97
$651.88
$-
$1,124,067
$825,344
$1,522,364
$-
$673.25
$685.83
$663.87
$-
TOTAL SFH SOLD
98
56
42
-
TOTAL SFH FOR SALE AT END OF PERIOD
74
29
45
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.3
1.6
3.2
-
102%
102%
101%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY - JUL 2013
ALL
< $1M
$1M - $3M
> $3M
$960,715
$734,612
$1,376,452
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$551.36
$561.36
$541.82
$-
AVERAGE SOLD PRICE
$981,170
$758,210
$1,391,129
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$562.83
$578.29
$548.08
$-
TOTAL SFH SOLD
88
57
31
-
TOTAL SFH FOR SALE AT END OF PERIOD
30
13
17
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.0
0.7
1.6
-
102%
103%
101%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL/JUL COMPARISON AVERAGE LIST PRICE
15%
10%
9%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
20%
20%
20%
0%
AVERAGE SOLD PRICE
15%
9%
9%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
20%
19%
21%
0%
TOTAL SFH SOLD
11%
-2%
35%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
147%
123%
165%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
121%
127%
95%
0%
0%
-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
46
PALMS - MAR VISTA
CONDOMINIUM SALES JULY MARKET OVERVIEW
In Palms - Mar Vista there were 40 single family home sales in July 2014, up from 31 in July 2013 and a 38% increase from the 29 sales closed last month. The average list price for single family home sales in July 2014 was $1,096,220 compared to $983,142 for July 2013, representing a 12% increase. For the three-month period from May to July 2014, the average list price was 15% higher than the same period of the prior year. Average sales price for July 2014 was $1,108,913, compared to that of May through July 2014, which was $1,124,067. Comparing July 2014 to June 2014, Palms - Mar Vista saw a 7% decrease in average sale price, but a 10% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY - JUL 2014
$577,736
$541,296
$1,179,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$465.08
$453.20
$580.36
$-
$568,353
$535,557
$1,109,500
$-
AVERAGE SOLD PRICE
$457.53
$448.39
$546.15
$-
TOTAL CONDOS SOLD
35
33
2
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
23
23
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.0
2.1
-
-
98%
99%
94%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$441,139
$441,139
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$410.60
$410.60
$-
$-
$450,300
$450,300
$-
$-
$419.13
$419.13
$-
$-
30
30
-
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAY - JUL 2013
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
12
12
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.2
1.2
-
-
102%
102%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL/JUL COMPARISON
31%
23%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
13%
10%
0%
0%
AVERAGE SOLD PRICE
26%
19%
0%
0%
9%
7%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
17%
10%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
92%
92%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
64%
74%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-4%
-3%
0%
0%
(Source: MLS/CLAW)
47
PLAYA DEL REY
SINGLE FAMILY HOME SALES Playa Del Rey is a bedroom community along the beach, south and adjacent to the Marina Del Rey harbor channel. Its early history dates back to a land grant in 1839 from the Mexican governor. Today Playa Del Rey real estate includes a mix of 1920’s homes, beach cottages from the 1940’s and multi-million dollar elegant new houses. Only 10 minutes from Los Angeles International Airport, Playa Del Rey also is home to Dockweiler Beach Park, a popular short term camping area for recreational vehicles. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,235,091
$937,200
$1,483,333
$-
$631.23
$639.12
$627.16
$-
$1,231,818
$935,400
$1,478,833
$$-
$629.56
$637.89
$625.26
TOTAL SFH SOLD
11
5
6
-
TOTAL SFH FOR SALE AT END OF PERIOD
14
-
11
3
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.8
-
5.5
-
100%
100%
100%
0%
SFH MAY - JUL 2013
ALL
< $1M
$1M - $3M
> $3M
$1,194,992
$839,333
$1,301,690
$-
$463.08
$480.63
$459.83
$-
$1,173,846
$813,333
$1,282,000
$-
$454.88
$465.74
$452.88
$-
TOTAL SFH SOLD
13
3
10
-
TOTAL SFH FOR SALE AT END OF PERIOD
21
3
16
2
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
4.8
3.0
4.8
-
98%
97%
98%
0%
ALL
< $1M
$1M - $3M
> $3M
SFH JUL/JUL COMPARISON
3%
12%
14%
0%
36%
33%
36%
0%
5%
15%
15%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
38%
37%
38%
0%
TOTAL SFH SOLD
-15%
67%
-40%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-33%
-100%
-31%
50%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-21%
-100%
15%
0%
2%
3%
1%
0%
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
48
PLAYA DEL REY
CONDOMINIUM SALES JULY MARKET OVERVIEW
In Playa Del Rey there were 19 condominium sales in July 2014, up from 11 in July 2013 and a 19% increase from the 16 sales closed last month. The average list price for condo sales in July 2014 was $499,316 compared to $453,909 for July 2013, representing a 10% increase. For the three-month period from May to July 2014, the average list price was 17% higher than the same period of the prior year. Average sales price for July 2014 was $497,107, compared to that of May through July 2014, which was $525,655. Comparing July 2014 to June 2014, Playa Del Rey saw a 6% decrease in average sale price, but a 8% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY - JUL 2014
$529,310
$510,756
$1,290,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$439.97
$430.59
$680.38
$-
AVERAGE SOLD PRICE
$525,655
$503,720
$1,425,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$436.93
$424.66
$751.58
$-
TOTAL CONDOS SOLD
42
41
1
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
22
21
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.6
1.5
3.0
-
99%
99%
110%
0%
ALL
< $1M
$1M - $3M
> $3M
$452,210
$436,140
$1,095,000
$-
$370.77
$364.47
$511.68
$-
$456,244
$441,400
$1,050,000
$-
$374.08
$368.86
$490.65
$-
41
40
1
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAY - JUL 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
22
21
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.6
1.6
3.0
-
101%
101%
96%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL/JUL COMPARISON
17%
17%
18%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
19%
18%
33%
0%
AVERAGE SOLD PRICE
15%
14%
36%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
17%
15%
53%
0%
TOTAL CONDOS SOLD
2%
3%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
0%
0%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-2%
-2%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-2%
-3%
15%
0%
(Source: MLS/CLAW)
49
PLAYA VISTA
SINGLE FAMILY HOME SALES Playa Vista, bordered by Marina Del Rey, Loyola Marymount University and Westchester, was recognized in1998 as one of the most technologically advanced communities ever planned and has led the nation as an early model for sustainable development. With a range of properties from luxury to affordable, Playa Vista features an array of parks, recreational amenities and a wildlife preserve. Playa Vista is a fully connected community with complete broadband and telecommunications capabilities and is home to gaming giants Electronic Arts and the architectural firm of Frank Gehry. The area features a mix of luxury and affordable housing. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,147,167
$829,000
$1,210,800
$-
$482.58
$549.01
$474.71
$-
$1,142,667
$829,000
$1,205,400
$-
$480.68
$549.01
$472.59
$-
TOTAL SFH SOLD
6
1
5
-
TOTAL SFH FOR SALE AT END OF PERIOD
2
-
2
-
1.0
-
1.2
-
100%
100%
100%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY - JUL 2013
ALL
< $1M
$1M - $3M
> $3M
$1,374,500
$-
$1,374,500
$-
$440.97
$-
$440.97
$-
$1,374,500
$-
$1,374,500
$-
$440.97
$-
$440.97
$-
TOTAL SFH SOLD
2
-
2
-
TOTAL SFH FOR SALE AT END OF PERIOD
3
-
3
-
4.5
-
4.5
-
100%
0%
100%
0%
ALL
< $1M
$1M - $3M
> $3M
-17%
0%
-12%
0%
9%
0%
8%
0%
-17%
0%
-12%
0%
9%
0%
7%
0%
TOTAL SFH SOLD
200%
0%
150%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-33%
0%
-33%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-78%
0%
-73%
0%
0%
0%
0%
0%
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
SFH JUL/JUL COMPARISON 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
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
50
PLAYA VISTA
CONDOMINIUM SALES JULY MARKET OVERVIEW
In Playa Vista there were 9 condominium sales in July 2014, down from 13 in July 2013 and a similar performance from the 9 sales closed last month. The average list price for condo sales in July 2014 was $728,778 compared to $691,808 for July 2013, representing a 5% increase. For the three-month period from May to July 2014, the average list price was 7% higher than the same period of the prior year. Average sales price for July 2014 was $723,778, compared to that of May through July 2014, which was $726,266. Comparing July 2014 to June 2014, Playa Vista saw a 1% decrease in average sale price, but a 3% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY - JUL 2014
$728,382
$728,382
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$449.02
$449.02
$-
$-
AVERAGE SOLD PRICE
$726,266
$726,266
$-
$-
$447.72
$447.72
$-
$-
TOTAL CONDOS SOLD
26
26
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
24
20
4
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.8
2.3
-
-
100%
100%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
$680,372
$635,294
$1,187,500
$-
$409.75
$413.05
$390.95
$-
$688,010
$645,789
$1,163,000
$-
$414.35
$419.88
$382.88
$-
49
45
4
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAY - JUL 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
19
18
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.2
1.2
0.8
-
101%
102%
98%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL/JUL COMPARISON
7%
15%
-100%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
10%
9%
-100%
0%
AVERAGE SOLD PRICE
6%
12%
-100%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
8%
7%
-100%
0%
TOTAL CONDOS SOLD
-47%
-42%
-100%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
26%
11%
300%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
138%
92%
-100%
0%
-1%
-2%
-100%
0%
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) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,161,013
$887,150
$1,638,833
$4,341,533
$917.61
$844.90
$855.00
$1,035.97
$2,179,822
$885,667
$1,696,650
$4,243,633 $1,028.29
$933.28
$843.49
$885.16
TOTAL SFH SOLD
69
6
48
15
TOTAL SFH FOR SALE AT END OF PERIOD
53
1
25
27
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.3
0.5
1.6
5.4
101%
100%
104%
98%
ALL
< $1M
$1M - $3M
> $3M
$2,516,999
$692,333
$1,629,860
$4,362,589
SFH MAY - JUL 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$932.39
$561.65
$789.76
$1,081.81
$2,543,758
$807,667
$1,701,372
$4,296,630
$943.63
$655.22
$823.91
$1,068.21
TOTAL SFH SOLD
80
3
50
27
TOTAL SFH FOR SALE AT END OF PERIOD
46
3
22
21
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.7
3.0
1.3
2.3
101%
117%
104%
98%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL/JUL COMPARISON AVERAGE LIST PRICE
-14%
28%
1%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
-2%
50%
8%
-4%
AVERAGE SOLD PRICE
-14%
10%
0%
-1%
-1%
29%
7%
-4%
-14%
100%
-4%
-44%
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL SFH SOLD TOTAL SFH FOR SALE AT END OF PERIOD
15%
-67%
14%
29%
AVERAGE MONTHLY SUPPLY OF INVENTORY
34%
-83%
18%
131%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
-14%
-1%
-1% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
52
SANTA MONICA
CONDOMINIUM SALES JULY MARKET OVERVIEW
In Santa Monica there were 39 condominium sales in July 2014, up from 33 in July 2013 and a 34% decrease from the 59 sales closed last month. The average list price for condo sales in July 2014 was $1,096,690 compared to $922,933 for July 2013, representing a 19% increase. For the three-month period from May to July 2014, the average list price was 28% higher than the same period of the prior year. Average sales price for July 2014 was $1,096,004, compared to that of May through July 2014, which was $1,205,148. Comparing July 2014 to June 2014, Santa Monica saw a 21% decrease in average sale price, but a 16% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,203,232
$704,730
$1,612,819
$4,998,500
$856.21
$596.50
$1,004.66
$1,660.36
$1,205,148
$716,065
$1,620,955
$4,743,750 $1,575.73
$858.83
$608.92
$1,009.73
TOTAL CONDOS SOLD
131
74
53
4
TOTAL CONDOS FOR SALE AT END OF PERIOD
109
47
54
8
AVERAGE SOLD PRICE PER SQUARE FOOT
2.5
1.9
3.1
6.0
100%
102%
101%
95%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$943,128
$665,522
$1,380,862
$5,145,000
AVERAGE LIST PRICE PER SQUARE FOOT
$664.08
$538.99
$826.95
$1,537.18
$948,580
$684,179
$1,369,151
$4,897,500
$668.29
$554.88
$819.94
$1,410.26
107
76
29
2
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAY - JUL 2013
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
62
40
18
4
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.7
1.6
1.9
6.0
101%
103%
99%
95%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL/JUL COMPARISON
28%
6%
17%
-3%
AVERAGE LIST PRICE PER SQUARE FOOT
29%
11%
21%
8%
AVERAGE SOLD PRICE
27%
5%
18%
-3%
AVERAGE SOLD PRICE PER SQUARE FOOT
29%
10%
23%
12%
TOTAL CONDOS SOLD
22%
-3%
83%
100%
TOTAL CONDOS FOR SALE AT END OF PERIOD
76%
18%
200%
100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
44%
21%
64%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
-1%
1%
0%
(Source: MLS/CLAW)
53
SILVERLAKE - ECHO PARK
SINGLE FAMILY HOME SALES
The hilly neighborhood of Silverlake can be found east of Hollywood and northwest of Downtown Los Angeles. Silverlake is the home of its namesake reservoir and its reputable music scene. The community is both socioeconomically and ethnically diverse bringing it tremendous character. Echo Park is one of Los Angeles’ most long-established neighborhoods, finding its origin in the late 1880’s. Its rolling hills and steep bluffs enrich this prime location featuring Craftsman-style homes, Spanish-style bungalows, and modern architecture. This Eastside enclave is the home to the annual Lotus Festival, the Cuban Festival, and historic Filipinotown as well as many famous residents. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAY - JUL 2014 AVERAGE LIST PRICE
ALL
< $1M
$1M - $3M
> $3M
$902,563
$683,880
$1,264,362
$3,750,000
AVERAGE LIST PRICE PER SQUARE FOOT
$548.83
$541.72
$537.56
$830.56
AVERAGE SOLD PRICE
$945,183
$699,886
$1,373,055
$3,500,000
AVERAGE SOLD PRICE PER SQUARE FOOT
$575.04
$554.87
$583.92
$775.19
TOTAL SFH SOLD
91
61
29
1
TOTAL SFH FOR SALE AT END OF PERIOD
64
45
19
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.1
2.2
2.0
-
105%
102%
109%
93%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY - JUL 2013
ALL
< $1M
$1M - $3M
> $3M
$692,961
$603,655
$1,242,538
$-
$519.87
$488.84
$639.44
$-
AVERAGE SOLD PRICE
$724,750
$630,890
$1,302,346
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$543.65
$510.81
$670.22
$-
TOTAL SFH SOLD
93
80
13
-
TOTAL SFH FOR SALE AT END OF PERIOD
55
45
10
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.8
1.7
2.3
-
105%
105%
105%
0%
ALL
< $1M
$1M - $3M
> $3M
30%
13%
2%
0%
6%
11%
-16%
0%
30%
11%
5%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
6%
9%
-13%
0%
TOTAL SFH SOLD
-2%
-24%
123%
0%
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL/JUL COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
TOTAL SFH FOR SALE AT END OF PERIOD
16%
0%
90%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
19%
31%
-15%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
-2%
4%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
54
SILVERLAKE - ECHO PARK
CONDOMINIUM SALES JULY MARKET OVERVIEW
In Silver Lake - Echo Park there were 29 single family home sales in July 2014, which is the same as July 2013 and a 4% increase from the 28 sales closed last month. The average list price for single family home sales in July 2014 was $873,945 compared to $653,507 for July 2013, representing a 34% increase. For the three-month period from May to July 2014, the average list price was 30% higher than the same period of the prior year. Average sales price for July 2014 was $895,677, compared to that of May through July 2014, which was $945,183. Comparing July 2014 to June 2014, Silver Lake - Echo Park saw a 1% decrease in average sale price, but a 33% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY - JUL 2014
$517,088
$517,088
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$450.94
$450.94
$-
$-
AVERAGE SOLD PRICE
$513,688
$513,688
$-
$-
$447.98
$447.98
$-
$-
TOTAL CONDOS SOLD
16
16
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
2
2
-
-
0.4
0.4
-
-
99%
99%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
$420,427
$420,427
$-
$-
$374.77
$374.77
$-
$-
$417,509
$417,509
$-
$-
$372.17
$372.17
$-
$-
11
11
-
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAY - JUL 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
6
6
-
1.6
1.6
-
-
99%
99%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL/JUL COMPARISON
23%
23%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
20%
20%
0%
0%
AVERAGE SOLD PRICE
23%
23%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
20%
20%
0%
0%
TOTAL CONDOS SOLD
45%
45%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-67%
-67%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-77%
-77%
0%
0%
0%
0%
0%
0%
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) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,283,774
$802,262
$1,819,874
$5,787,744
$778.98
$589.26
$696.98
$1,078.33
$2,169,847
$790,217
$1,781,170
$5,250,903
$755.07
$580.41
$682.01
$1,023.96
TOTAL SFH SOLD
125
21
84
20
TOTAL SFH FOR SALE AT END OF PERIOD
198
18
113
67
AVERAGE MONTHLY SUPPLY OF INVENTORY
4.8
2.6
4.0
10.1
95%
98%
98%
91%
ALL
< $1M
$1M - $3M
> $3M
$2,023,174
$807,029
$1,827,335
$5,203,476
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY - JUL 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$746.71
$536.16
$631.33
$1,140.16
$1,986,074
$811,872
$1,810,077
$5,010,572
$626.74
$1,089.39
$731.60
$539.88
TOTAL SFH SOLD
138
43
74
21
TOTAL SFH FOR SALE AT END OF PERIOD
179
17
102
60
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.9
1.2
4.1
8.6
98%
101%
99%
96%
ALL
< $1M
$1M - $3M
> $3M
SFH JUL/JUL COMPARISON AVERAGE LIST PRICE
13%
-1%
0%
11%
AVERAGE LIST PRICE PER SQUARE FOOT
4%
10%
10%
-5%
AVERAGE SOLD PRICE
9%
-3%
-2%
5%
AVERAGE SOLD PRICE PER SQUARE FOOT
3%
8%
9%
-6%
TOTAL SFH SOLD
-9%
-51%
14%
-5% 12%
TOTAL SFH FOR SALE AT END OF PERIOD
11%
6%
11%
AVERAGE MONTHLY SUPPLY OF INVENTORY
22%
117%
-2%
17%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-3%
-2%
-1%
-6% (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
JULY MARKET OVERVIEW In Sunset Strip - Hollywood Hills West there were 51 single family home sales in July 2014, up from 35 in July 2013 and a 31% increase from the 39 sales closed last month. The average list price for single family home sales in July 2014 was $2,114,559 compared to $1,646,994 for July 2013, representing a 28% increase. For the three-month period from May to July 2014, the average list price was 13% higher than the same period of the prior year. Average sales price for July 2014 was $2,039,534, compared to that of May through July 2014, which was $2,169,847. Comparing July 2014 to June 2014, Sunset Strip - Hollywood Hills West saw a 3% decrease in average sale price, but a 24% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAY - JUL 2014 AVERAGE LIST PRICE
ALL
< $1M
$1M - $3M
> $3M
$755,031
$496,122
$2,412,500
$3,395,000
AVERAGE LIST PRICE PER SQUARE FOOT
$632.19
$439.00
$1,640.04
$1,603.68
AVERAGE SOLD PRICE
$742,135
$486,326
$2,305,000
$3,500,000
AVERAGE SOLD PRICE PER SQUARE FOOT
$621.39
$430.33
$1,566.96
$1,653.28
TOTAL CONDOS SOLD
26
23
2
1
TOTAL CONDOS FOR SALE AT END OF PERIOD
30
27
3
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.5
3.5
4.5
-
98%
98%
96%
103%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$471,509
$471,509
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$453.34
$453.34
$-
$-
$468,034
$468,034
$-
$-
$449.38
$449.38
$-
$-
23
23
-
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAY - JUL 2013
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
20
18
2
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.6
2.3
-
-
99%
99%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL/JUL COMPARISON
60%
5%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
39%
-3%
0%
0%
AVERAGE SOLD PRICE
59%
4%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
38%
-4%
0%
0%
TOTAL CONDOS SOLD
13%
0%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
50%
50%
50%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
33%
50%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-1%
-1%
0%
0%
(Source: MLS/CLAW)
57
VENICE
SINGLE FAMILY HOME SALES Venice is a beachfront district on the Westside of Los Angeles, California, known for its bungalows, cottages, condos and oceanfront properties. A short walk from some of the finest and trendiest beachside restaurants and bars in Los Angeles, Venice offers surfing, kayaking, boating, biking, boogie boarding and outdoor summer concerts. The famous Venice Beach Strip and Muscle Beach are a short walk away. With its variety of bungalows, cottages, condos and oceanfront listings, Venice is an ideal retreat for family, friends or couples, for work or play, and is one of Los Angeles’s most sought-after neighborhoods. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,722,574
$941,333
$1,731,683
$3,747,500
$967.96
$941.49
$961.42
$1,110.37
$1,719,354
$925,500
$1,729,024
$3,762,500 $1,114.81
$965.92
$925.65
$959.69
TOTAL SFH SOLD
78
6
70
2
TOTAL SFH FOR SALE AT END OF PERIOD
35
3
26
6
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
1.3
1.5
1.1
9.0
100%
98%
100%
100%
ALL
< $1M
$1M - $3M
> $3M
$1,548,864
$863,808
$1,689,725
$3,975,000
SFH MAY - JUL 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$845.24
$648.02
$868.51
$1,297.75
$1,526,554
$886,038
$1,655,999
$3,898,800 $1,272.87
$832.34
$664.70
$850.16
TOTAL SFH SOLD
60
13
46
1
TOTAL SFH FOR SALE AT END OF PERIOD
43
6
31
6
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.2
1.4
2.0
18.0
99%
103%
98%
98%
ALL
< $1M
$1M - $3M
> $3M
SFH JUL/JUL COMPARISON AVERAGE LIST PRICE
11%
9%
2%
-6%
AVERAGE LIST PRICE PER SQUARE FOOT
15%
45%
11%
-14%
AVERAGE SOLD PRICE
13%
4%
4%
-3%
AVERAGE SOLD PRICE PER SQUARE FOOT
16%
39%
13%
-12%
TOTAL SFH SOLD
52%
100%
30%
-54%
TOTAL SFH FOR SALE AT END OF PERIOD
-19%
-50%
-16%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-37%
8%
-45%
-50%
1%
-4%
2%
2%
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 JULY MARKET OVERVIEW
In Venice there were 24 single family home sales in July 2014, up from 21 in July 2013 and a 11% decrease from the 27 sales closed last month. The average list price for single family home sales in July 2014 was $1,727,583 compared to $1,460,352 for July 2013, representing an 18% increase. For the three-month period from May to July 2014, the average list price was 11% higher than the same period of the prior year. Average sales price for July 2014 was $1,734,292, compared to that of May through July 2014, which was $1,719,354. Comparing July 2014 to June 2014, Venice saw a 5% increase in average sale price, and a 21% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,218,809
$670,000
$1,340,767
$-
$798.36
$734.65
$806.13
$-
$1,237,774
$700,507
$1,357,167
$-
$810.79
$768.10
$815.99
$-
TOTAL CONDOS SOLD
11
2
9
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
17
9
8
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
4.6
13.5
2.7
-
102%
105%
101%
0%
ALL
< $1M
$1M - $3M
> $3M
$1,288,429
$848,000
$1,299,500
$4,150,000
$700.94
$610.32
$671.35
$1,370.09
$1,266,250
$828,857
$1,275,150
$4,150,000
$688.87
$596.55
$658.77
$1,370.09
28
7
20
1 -
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAY - JUL 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
11
2
9
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.2
0.9
1.4
-
98%
98%
98%
100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL/JUL COMPARISON
-5%
-21%
3%
-100%
AVERAGE LIST PRICE PER SQUARE FOOT
14%
20%
20%
-100%
AVERAGE SOLD PRICE
-2%
-15%
6%
-100%
AVERAGE SOLD PRICE PER SQUARE FOOT
18%
29%
24%
-100%
TOTAL CONDOS SOLD
-61%
-71%
-55%
-100%
TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
59
55%
350%
-11%
0%
293%
1475%
98%
0%
3%
7%
3%
-100%
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) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,267,132
$846,409
$1,468,348
$-
$792.58
$870.20
$774.40
$-
$1,264,256
$840,591
$1,466,878
$$-
$791.75
$861.11
$775.50
TOTAL SFH SOLD
34
11
23
-
TOTAL SFH FOR SALE AT END OF PERIOD
33
7
21
5
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.9
1.9
2.7
-
100%
99%
100%
0%
SFH MAY - JUL 2013
ALL
< $1M
$1M - $3M
> $3M
$1,164,252
$839,771
$1,396,024
$-
$682.56
$695.12
$677.04
$-
$1,172,163
$850,733
$1,401,756
$-
$681.72
$706.04
$671.05
$-
TOTAL SFH SOLD
36
15
21
-
TOTAL SFH FOR SALE AT END OF PERIOD
31
6
24
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
2.6
1.2
3.4
-
101%
101%
100%
0%
ALL
< $1M
$1M - $3M
> $3M
SFH JUL/JUL COMPARISON AVERAGE LIST PRICE
9%
1%
5%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
16%
25%
14%
0%
AVERAGE SOLD PRICE
8%
-1%
5%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
16%
22%
16%
0%
TOTAL SFH SOLD
-6%
-27%
10%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
6%
17%
-13%
400%
AVERAGE MONTHLY SUPPLY OF INVENTORY
13%
59%
-20%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-1%
-2%
-1%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
60
WEST HOLLYWOOD
CONDOMINIUM SALES JULY MARKET OVERVIEW
In West Hollywood Vicinity there were 42 condominium sales in July 2014, down from 51 in July 2013 and a 35% increase from the 31 sales closed last month. The average list price for condo sales in July 2014 was $620,190 almost matching $602,510 for July 2013. For the three-month period from May to July 2014, the average list price was 16% higher than the same period of the prior year. Average sales price for July 2014 was $612,307, compared to that of May through July 2014, which was $658,759. Comparing July 2014 to June 2014, West Hollywood Vicinity saw a 13% decrease in average sale price, but a 2% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$660,461
$600,685
$1,318,000
$-
$542.74
$519.29
$699.33
$-
$658,759
$598,757
$1,318,778
$-
$541.44
$517.74
$699.74
$-
TOTAL CONDOS SOLD
108
99
9
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
86
72
14
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.4
2.2
4.7
-
100%
100%
100%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAY - JUL 2013
$569,097
$510,639
$1,148,364
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$492.62
$467.03
$649.46
$-
AVERAGE SOLD PRICE
$567,688
$511,271
$1,126,727
$-
$491.41
$467.61
$637.22
$-
120
109
11
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
79
60
18
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.0
1.7
4.9
-
100%
100%
98%
0%
AVERAGE LIST PRICE
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL/JUL COMPARISON
16%
18%
15%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
10%
11%
8%
0%
AVERAGE SOLD PRICE
16%
17%
17%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
10%
11%
10%
0%
TOTAL CONDOS SOLD
-10%
-9%
-18%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
9%
20%
-22%
-100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
21%
32%
-5%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
0%
2%
0%
(Source: MLS/CLAW)
61
WEST LOS ANGELES
SINGLE FAMILY HOME SALES Surrounded by Santa Monica, Beverly Hills, the ocean and the Santa Monica Mountains is the city of West Los Angeles, known for its 1920s, mid-century and contemporary architecture. With its rolling hills and proximity to the ocean, West Los Angeles was originally developed as an upscale community and is still considered one of the most desirable areas to live in Los Angeles today. With its central location between Los Angeles and the ocean, West Los Angeles has attracted a diverse range of commercial development to add to its 1920s through mid-century and contemporary architecture. The area is home to some of the world’s finest shopping. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAY - JUL 2014
ALL
< $1M
$1M - $3M
> $3M
$898,959
$775,067
$1,196,300
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$570.20
$564.94
$578.20
$-
AVERAGE SOLD PRICE
$918,022
$792,906
$1,218,300
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE LIST PRICE
$582.33
$578.05
$588.84
$-
TOTAL SFH SOLD
34
24
10
-
TOTAL SFH FOR SALE AT END OF PERIOD
27
17
10
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.4
2.1
3.0
-
102%
102%
102%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY - JUL 2013
ALL
< $1M
$1M - $3M
> $3M
$795,588
$725,941
$1,306,333
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$540.13
$549.16
$506.20
$-
AVERAGE SOLD PRICE
$813,748
$743,237
$1,330,833
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$552.46
$562.25
$515.69
$-
TOTAL SFH SOLD
25
22
3
-
TOTAL SFH FOR SALE AT END OF PERIOD
25
22
3
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.0
3.0
3.0
-
102%
102%
102%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL/JUL COMPARISON AVERAGE LIST PRICE
13%
7%
-8%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
6%
3%
14%
0%
AVERAGE SOLD PRICE
13%
7%
-8%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
5%
3%
14%
0%
36%
9%
233%
0%
TOTAL SFH SOLD TOTAL SFH FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
8%
-23%
233%
0%
-21%
-29%
0%
0%
0%
0%
0%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
62
WEST LOS ANGELES
CONDOMINIUM SALES JULY MARKET OVERVIEW
In West Los Angeles there were 23 condominium sales in July 2014, up from 16 in July 2013 and a 53% increase from the 15 sales closed last month. The average list price for condo sales in July 2014 was $585,300 compared to $689,434 for July 2013, representing a 15% decrease. For the three-month period from May to July 2014, the average list price was 1% lower than the same period of the prior year. Average sales price for July 2014 was $593,826, compared to that of May through July 2014, which was $626,826. Comparing July 2014 to June 2014, West Los Angeles saw a 13% decrease in average sale price, and a 16% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$622,954
$622,954
$-
$-
$473.93
$473.93
$-
$-
$626,826
$626,826
$-
$-
$476.87
$476.87
$-
$-
TOTAL CONDOS SOLD
51
51
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
40
39
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.4
2.3
-
-
101%
101%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$627,744
$612,383
$1,042,475
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$410.52
$407.48
$465.70
$-
$649,061
$634,026
$1,055,000
$-
$424.47
$421.88
$471.30
$-
56
54
2
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAY - JUL 2013
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
27
26
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.4
1.4
1.5
-
103%
104%
101%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL/JUL COMPARISON
-1%
2%
-100%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
15%
16%
-100%
0%
AVERAGE SOLD PRICE
-3%
-1%
-100%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
12%
13%
-100%
0%
TOTAL CONDOS SOLD
-9%
-6%
-100%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
48%
50%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
63%
59%
-100%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-3%
-3%
-100%
0%
(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) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,206,510
$1,050,000
$1,780,415
$4,276,111
$768.70
$754.85
$704.22
$930.83
$2,226,950
$990,000
$1,810,956
$4,259,476
$775.82
$711.72
$716.30
$927.20
TOTAL SFH SOLD
51
1
41
9
TOTAL SFH FOR SALE AT END OF PERIOD
31
1
22
8
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.8
3.0
1.6
2.7
101%
94%
102%
100%
ALL
< $1M
$1M - $3M
> $3M
$1,750,666
$860,757
$1,648,489
$4,457,500
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY - JUL 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
$675.57
$568.16
$648.19
$880.71
$1,765,360
$913,614
$1,679,669
$4,219,938
$680.14
$603.05
$659.31
$833.77 4
TOTAL SFH SOLD
56
7
45
TOTAL SFH FOR SALE AT END OF PERIOD
26
2
21
3
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.4
0.9
1.4
2.3
101%
106%
102%
95%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL/JUL COMPARISON AVERAGE LIST PRICE
26%
22%
8%
-4%
AVERAGE LIST PRICE PER SQUARE FOOT
14%
33%
9%
6%
AVERAGE SOLD PRICE
26%
8%
8%
1%
AVERAGE SOLD PRICE PER SQUARE FOOT
14%
18%
9%
11%
TOTAL SFH SOLD
-9%
-86%
-9%
125%
TOTAL SFH FOR SALE AT END OF PERIOD
19%
-50%
5%
167%
AVERAGE MONTHLY SUPPLY OF INVENTORY
31%
250%
15%
19%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
-11%
0%
5% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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WESTWOOD - CENTURY CITY
CONDOMINIUM SALES JULY MARKET OVERVIEW
In Westwood - Century City there were 51 condominium sales in July 2014, down from 53 in July 2013 and a 11% increase from the 46 sales closed last month. The average list price for condo sales in July 2014 was $1,451,870 compared to $869,643 for July 2013, representing a 67% increase. For the three-month period from May to July 2014, the average list price was 43% higher than the same period of the prior year. Average sales price for July 2014 was $1,405,139, compared to that of May through July 2014, which was $1,189,099. Comparing July 2014 to June 2014, Westwood - Century City saw a 37% increase in average sale price, and a 65% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAY - JUL 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,224,692
$666,083
$1,972,571
$4,884,300
$714.31
$495.59
$791.91
$1,455.13
$1,189,099
$660,241
$1,842,507
$4,806,800 $1,432.04
$693.55
$491.24
$739.70
TOTAL CONDOS SOLD
141
103
28
10
TOTAL CONDOS FOR SALE AT END OF PERIOD
206
104
68
34
AVERAGE SOLD PRICE PER SQUARE FOOT
4.4
3.0
7.3
10.2
97%
99%
93%
98%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$854,713
$629,052
$1,927,737
$4,665,000
AVERAGE LIST PRICE PER SQUARE FOOT
$525.04
$442.45
$698.46
$1,074.31
$826,429
$624,393
$1,847,028
$3,858,333
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAY - JUL 2013
AVERAGE SOLD PRICE
$507.51
$439.17
$669.21
$888.54
TOTAL CONDOS SOLD
163
141
19
3
TOTAL CONDOS FOR SALE AT END OF PERIOD
197
98
64
35
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.6
2.1
10.1
35.0
97%
99%
96%
83%
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
JUL/JUL COMPARISON
43%
6%
2%
5%
AVERAGE LIST PRICE PER SQUARE FOOT
36%
12%
13%
35% 25%
AVERAGE SOLD PRICE
44%
6%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
37%
12%
11%
61%
TOTAL CONDOS SOLD
-13%
-27%
47%
233%
TOTAL CONDOS FOR SALE AT END OF PERIOD
5%
6%
6%
-3%
AVERAGE MONTHLY SUPPLY OF INVENTORY
21%
45%
-28%
-71%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
0%
-3%
19%
(Source: MLS/CLAW)
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