Beverly Hills, CA | web: 0308343
Greater Los Angeles Market Update 3-Month Ending May 2015
Beverly Hills | Brentwood | Los Feliz | Malibu Pacific Palisades | Santa Monica | Sunset Strip | Topanga sothebyshomes.com/losangeles
TABLE OF CONTENTS MARKET AREA
PGS.
MARKET AREA
PGS.
Bel Air - Holmby Hills
4-5
Mid Los Angeles
38-39
Beverly Center - Miracle Mile
6-7
Mid Wilshire 40-41
Beverly Hills
8-9
Mount Washington
42-43
Beverly Hills Post Office 10-11
Pacific Palisades
44-45
Beverlywood 12-13
Palms - Mar Vista
46-47
Brentwood 14-15
Playa Del Rey
48-49
Cheviot Hills - Rancho Park
16-17
Playa Vista 50-51
Culver City
18-19
Santa Monica
52-53
Downtown Los Angeles
20-21
Silverlake - Echo Park
54-55
Eagle Rock
22-23
Sunset Strip - Hlwd Hills
56-57
Hancock Park 24-25
Topanga 58-59
Hollywood 26-27
Venice 60-61
Hollywood Hills East
28-29
West Hollywood
62-63
Los Feliz
30-31
West Los Angeles
64-65
Malibu
32-33
Westchester
66-67
Malibu Beach
34-35
Westwood - Century City
68-69
Marina Del Rey
36-37
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: 0343740 | $13,850,000 Classically-inspired new construction is comprised of 6 bedrooms and 9 baths. Pacific Palisades Brokerage Barbara Boyle | 310.255.5403
SUNSET STRIP/WEST HOLLYWOOD, CA web: 0308336 | $7,450,000 Tri-level masterpiece with great open space, clean lines, soaring ceilings, and walls of glass. Sunset Strip Brokerage Gia Casty | 310.824.3550 Sharona Alperin | 310.345.9425
LOS FELIZ, CA web: 0286212 | $3,999,000 Stunning gated grand scale 2-story Spanish Colonial villa with 6 bedrooms and 7.5 baths. Los Feliz Brokerage Jacqueline Tager | 310.697.3040
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) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$6,871,160
$696,500
$1,957,359
$14,683,059
$1,370.01
$611.90
$647.90
$1,735.73
$5,840,596
$700,500
$1,979,801
$12,046,352 $1,418.34
$1,161.50
$615.42
$655.33
TOTAL SFH SOLD
43
4
22
17
TOTAL SFH FOR SALE AT END OF PERIOD
84
2
24
58
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
5.9
1.5
3.3
10.2
85%
101%
101%
82%
ALL
< $1M
$1M - $3M
> $3M
$9,165,826
$707,967
$1,669,800
$17,272,529
SFH MAR - MAY 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$936.29
$647.53
$608.97
$1,090.08
$7,957,351
$694,333
$1,685,300
$14,773,223
$614.62
$993.08
$871.87
$635.06
TOTAL SFH SOLD
35
3
15
17
TOTAL SFH FOR SALE AT END OF PERIOD
76
5
23
48
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
6.5
5.0
4.6
8.5
87%
98%
101%
86%
ALL
< $1M
$1M - $3M
> $3M -15%
SFH MAY/MAY COMPARISON AVERAGE LIST PRICE
-25%
-2%
17%
AVERAGE LIST PRICE PER SQUARE FOOT
46%
-6%
6%
59%
AVERAGE SOLD PRICE
-27%
1%
17%
-18%
AVERAGE SOLD PRICE PER SQUARE FOOT
33%
-3%
7%
43%
TOTAL SFH SOLD
23%
33%
47%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
11%
-60%
4%
21%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-10%
-70%
-29%
21%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-2%
3%
0%
-4% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
4
BEL AIR - HOLMBY HILLS
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Bel Air - Holmby Hills there were 14 single family home sales in May 2015, down from 15 in May 2014 and a 27% increase from the 11 sales closed last month. The average list price for single family home sales in May 2015 was $4,412,357 compared to $7,095,867 for May 2014, representing a 38% decrease. For the three-month period from March to May 2015, the average list price was 25% lower than the same period of the prior year. Average sales price for May 2015 was $4,144,790, compared to that of March through May 2015, which was $5,840,596. These results indicate that the sale price is trending down. Comparing May 2015 to April 2015, Bel Air - Holmby Hills saw a 45% decrease in average sale price, and a 34% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$634,667
$634,667
$-
$-
$333.22
$333.22
$-
$-
$626,833
$626,833
$-
$-
$329.10
$329.10
$-
$-
TOTAL CONDOS SOLD
3
3
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
3
2
1
-
3.0
2.0
-
-
99%
99%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2014 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%
> $3M
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
MAY/MAY 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%
0%
0%
0%
200%
0%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
0%
0%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
0%
0%
0%
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
(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) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,682,207
$849,475
$1,706,778
$3,071,250
$666.75
$585.44
$666.05
$727.22
$1,678,666
$874,461
$1,697,518
$3,075,000
$664.39
$602.66
$661.15
$728.11
TOTAL SFH SOLD
57
8
45
4
TOTAL SFH FOR SALE AT END OF PERIOD
40
5
32
3
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.1
1.9
2.1
2.3
100%
103%
99%
100%
ALL
< $1M
$1M - $3M
> $3M
$1,412,898
$844,993
$1,586,886
$3,100,000
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR - MAY 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$622.30
$582.15
$632.90
$-
$1,402,769
$840,261
$1,574,377
$3,100,000
$619.76
$578.89
$630.54
$-
TOTAL SFH SOLD
51
14
36
1
TOTAL SFH FOR SALE AT END OF PERIOD
41
5
35
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.4
1.1
2.9
3.0
99%
99%
99%
100%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
19%
1%
8%
-1%
AVERAGE LIST PRICE PER SQUARE FOOT
7%
1%
5%
0%
20%
4%
8%
-1%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
7%
4%
5%
0%
TOTAL SFH SOLD
12%
-43%
25%
300%
TOTAL SFH FOR SALE AT END OF PERIOD
-2%
0%
-9%
200%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-13%
75%
-27%
-25%
1%
4%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
6
CONDOMINIUM SALES
BEVERLY CENTER - MIRACLE MILE
MAY MARKET OVERVIEW In Beverly Center - Miracle Mile there were 17 single family home sales in May 2015, down from 21 in May 2014 and a 19% decrease from the 21 sales closed last month. The average list price for single family home sales in May 2015 was $1,623,765 compared to $1,438,810 for May 2014, representing a 13% increase. For the three-month period from March to May 2015, the average list price was 19% higher than the same period of the prior year. Average sales price for May 2015 was $1,628,791, compared to that of March through May 2015, which was $1,678,666. These results indicate that the sale price is trending down. Comparing May 2015 to April 2015, Beverly Center - Miracle Mile saw a 4% decrease in average sale price, but a 15% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2015
ALL
< $1M
$1M - $3M
> $3M
$682,025
$655,507
$1,398,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$520.54
$519.51
$533.18
$-
AVERAGE SOLD PRICE
$673,761
$649,085
$1,340,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE LIST PRICE
$514.39
$514.66
$511.06
$-
TOTAL CONDOS SOLD
28
27
1
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
12
10
2
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.3
1.1
6.0
-
99%
99%
96%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$711,318
$671,043
$1,174,475
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$503.18
$485.77
$652.12
$-
AVERAGE SOLD PRICE
$701,480
$662,478
$1,150,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$496.62
$480.03
$638.53
$-
25
23
2
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2014
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
20
19
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.4
2.5
1.5
-
99%
99%
98%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
-4%
-2%
19%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
3%
7%
-18%
0%
AVERAGE SOLD PRICE
-4%
-2%
17%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
4%
7%
-20%
0%
12%
17%
-50%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-40%
-47%
100%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-46%
-55%
300%
0%
0%
0%
-2%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
7
BEVERLY HILLS
SINGLE FAMILY HOME SALES Beverly Hill, located within the Golden Triangle, is nestle up against the foothills of the Santa Monica Mountains on the north side. Beverly Hills is bordered by Westwood Village and Century City on the west, West Hollywood and Fairfax District on the east, and Los Angeles City and the 10 freeway on the South. Rodeo Drive between Wilshire Boulevard and Sunset Boulevard include not only the ultimate shopping mecca, but an area of large homes referred to as the Flats,. The blocks were designed by landscape architect William D. Cook, with large lots and wide curving streets lined with palm, eucalyptus and acacia trees and a three-block 80-foot-wide park running along Santa Monica Boulevard. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$5,694,882
$-
$2,132,000
$7,476,324
$1,470.76
$-
$903.01
$1,632.90
$5,494,937
$-
$2,180,000
$7,152,406 $1,570.11
$1,426.44
$-
$923.34
TOTAL SFH SOLD
51
-
17
34
TOTAL SFH FOR SALE AT END OF PERIOD
59
-
10
49
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.5
-
1.8
4.3
96%
0%
102%
96%
SFH MAR - MAY 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$5,736,292
$-
$2,113,611
$7,909,900
$1,323.79
$-
$803.60
$1,508.97
$5,460,604
$-
$2,137,637
$7,454,383
$1,268.68
$-
$813.25
$1,430.81
TOTAL SFH SOLD
48
-
18
30
TOTAL SFH FOR SALE AT END OF PERIOD
59
-
9
50
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.7
-
1.5
5.0
95%
0%
101%
94%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
-1%
0%
1%
-5%
AVERAGE LIST PRICE PER SQUARE FOOT
11%
0%
12%
8%
AVERAGE SOLD PRICE
1%
0%
2%
-4%
AVERAGE SOLD PRICE PER SQUARE FOOT
12%
0%
14%
10%
TOTAL SFH SOLD
6%
0%
-6%
13%
TOTAL SFH FOR SALE AT END OF PERIOD
0%
0%
11%
-2%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-6%
0%
18%
-14%
1%
0%
1%
2%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
8
BEVERLY HILLS
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Beverly Hills there were 19 single family home sales in May 2015, up from 18 in May 2014 and a 6% increase from the 18 sales closed last month. The average list price for single family home sales in May 2015 was $5,125,684 compared to $6,616,555 for May 2014, representing a 23% decrease. For the three-month period from March to May 2015, the average list price was 1% lower than the same period of the prior year. Average sales price for May 2015 was $4,984,842, compared to that of March through May 2015, which was $5,494,937. These results indicate that the sale price is trending down. Comparing May 2015 to April 2015, Beverly Hills saw a 24% decrease in average sale price, and a 21% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,275,728
$800,535
$1,533,125
$-
$658.75
$543.31
$698.17
$-
$1,238,795
$783,769
$1,485,268
$$-
$639.42
$531.20
$676.38
TOTAL CONDOS SOLD
37
13
24
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
32
12
19
1
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.6
2.8
2.4
-
97%
98%
97%
0%
ALL
< $1M
$1M - $3M
> $3M
$1,244,937
$792,556
$1,761,943
$-
$661.09
$519.24
$785.50
$-
$1,216,113
$779,281
$1,715,350
$-
$644.54
$510.54
$762.07
$-
30
16
14
5
CONDOS MAR - MAY 2014 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
42
13
24
AVERAGE MONTHLY SUPPLY OF INVENTORY
4.2
2.4
5.1
-
98%
98%
97%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
2%
1%
-13%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
0%
5%
-11%
0%
AVERAGE SOLD PRICE
2%
1%
-13%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
-1%
4%
-11%
0%
TOTAL CONDOS SOLD
23%
-19%
71%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-24%
-8%
-21%
-80%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-38%
14%
-54%
0%
-1%
0%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
9
BEVERLY HILLS POST OFFICE
SINGLE FAMILY HOME SALES
Beverly Hills Post Office is home to grand estates, mansions and large traditional homes as well as some of the most celebrated gated communities in the area, including Mulholland Estates, The Summit, Beverly Ridge Estates and perhaps the most famous, Beverly Park. Lying outside of the City of Beverly Hills limits, Beverly Hills Post Office is part of Los Angeles, but is assigned to use the postal services of Beverly Hills, which started in the early 1960s. Within the area some of the most desired grand estates, mansions and large traditional homes in all of Southern California can be found. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,579,627
$848,500
$1,938,128
$4,657,900
$833.00
$1,099.06
$701.58
$1,040.57
$2,502,044
$808,000
$1,887,648
$4,499,720 $1,005.23
$808.17
$982.70
$684.09
TOTAL SFH SOLD
39
2
27
10
TOTAL SFH FOR SALE AT END OF PERIOD
103
2
36
65
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
7.9
3.0
4.0
19.5
97%
95%
97%
97%
ALL
< $1M
$1M - $3M
> $3M
$4,109,773
$883,500
$2,119,500
$7,901,750
SFH MAR - MAY 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$869.85
$626.82
$662.82
$1,055.13
$3,812,580
$884,750
$2,035,871
$7,209,602
$636.67
$988.28
$822.97
$627.70
TOTAL SFH SOLD
44
4
24
16
TOTAL SFH FOR SALE AT END OF PERIOD
83
3
38
42
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
5.7
2.3
4.8
7.9
93%
100%
96%
91%
ALL
< $1M
$1M - $3M
> $3M -41%
SFH MAY/MAY COMPARISON AVERAGE LIST PRICE
-37%
-4%
-9%
AVERAGE LIST PRICE PER SQUARE FOOT
-4%
75%
6%
-1%
-34%
-9%
-7%
-38%
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
-2%
57%
7%
2%
TOTAL SFH SOLD
-11%
-50%
13%
-38%
TOTAL SFH FOR SALE AT END OF PERIOD
24%
-33%
-5%
55%
AVERAGE MONTHLY SUPPLY OF INVENTORY
40%
33%
-16%
148%
5%
-5%
1%
6%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
10
BEVERLY HILLS POST OFFICE
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Beverly Hills Post Office there were 12 single family home sales in May 2015, down from 15 in May 2014 and a 8% decrease from the 13 sales closed last month. The average list price for single family home sales in May 2015 was $2,899,583 compared to $2,226,933 for May 2014, representing a 30% increase. For the three-month period from March to May 2015, the average list price was 37% lower than the same period of the prior year. Average sales price for May 2015 was $2,793,850, compared to that of March through May 2015, which was $2,502,044. These results indicate that the sale price is trending up. Comparing May 2015 to April 2015, Beverly Hills Post Office saw a 4% increase in average sale price, and a 29% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
MAR - MAY 2015
$-
$-
$-
> $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 MAR - MAY 2014 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
MAY/MAY 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) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,058,878
$803,727
$1,508,429
$-
$605.59
$535.66
$690.18
$-
$1,053,735
$808,081
$1,486,554
$-
$602.65
$538.57
$680.17
$-
TOTAL SFH SOLD
58
37
21
-
TOTAL SFH FOR SALE AT END OF PERIOD
22
7
15
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.1
0.6
2.1
-
100%
101%
99%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR - MAY 2014
ALL
< $1M
$1M - $3M
> $3M
$1,134,028
$744,277
$1,648,500
$-
$569.27
$498.01
$622.34
$-
$1,118,403
$736,939
$1,621,935
$-
$561.42
$493.10
$612.31
$-
TOTAL SFH SOLD
58
33
25
-
TOTAL SFH FOR SALE AT END OF PERIOD
45
25
20
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.3
2.3
2.4
-
99%
99%
98%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
-7%
8%
-8%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
6%
8%
11%
0%
AVERAGE SOLD PRICE
-6%
10%
-8%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
7%
9%
11%
0%
TOTAL SFH SOLD
0%
12%
-16%
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 MAY/MAY COMPARISON
TOTAL SFH FOR SALE AT END OF PERIOD
-51%
-72%
-25%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-51%
-75%
-11%
0%
1%
2%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
12
BEVERLYWOOD
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Beverlywood there were 24 single family home sales in May 2015, up from 18 in May 2014 and a 60% increase from the 15 sales closed last month. The average list price for single family home sales in May 2015 was $1,011,537 almost matching $999,242 for May 2014. For the three-month period from March to May 2015, the average list price was 7% lower than the same period of the prior year. Average sales price for May 2015 was $1,009,609, compared to that of March through May 2015, which was $1,053,735. These results indicate that the sale price is trending down. Comparing May 2015 to April 2015, Beverlywood saw a 11% decrease in average sale price, but a 2% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2015
ALL
< $1M
$1M - $3M
> $3M
$739,357
$573,818
$1,346,333
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$527.95
$475.05
$639.18
$-
AVERAGE SOLD PRICE
$717,492
$575,545
$1,237,963
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE LIST PRICE
$512.34
$476.48
$587.73
$-
TOTAL CONDOS SOLD
14
11
3
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
12
11
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.6
3.0
1.0
-
97%
100%
92%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$709,128
$651,724
$1,685,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$488.68
$474.10
$612.50
$-
AVERAGE SOLD PRICE
$699,427
$646,452
$1,600,000
$-
$481.99
$470.27
$581.61
$-
18
17
1
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2014
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
11
10
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.8
1.8
3.0
-
99%
99%
95%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
4%
-12%
-20%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
8%
0%
4%
0%
AVERAGE SOLD PRICE
3%
-11%
-23%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
6%
1%
1%
0%
-22%
-35%
200%
0%
9%
10%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
40%
70%
-67%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-2%
1%
-3%
0%
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
(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) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$3,258,936
$-
$2,053,597
$4,713,655
$872.86
$-
$714.45
$984.35
$3,309,739
$-
$2,095,797
$4,774,841 $997.13
$887.22
$-
$731.04
TOTAL SFH SOLD
64
-
35
29
TOTAL SFH FOR SALE AT END OF PERIOD
87
-
27
60
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
4.1
-
2.3
6.2
102%
0%
102%
101%
ALL
< $1M
$1M - $3M
> $3M
$4,413,496
$749,000
$1,981,554
$7,233,091
SFH MAR - MAY 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
$1,100.54
$907.88
$748.40
$1,282.11
AVERAGE SOLD PRICE
$4,112,512
$755,000
$1,944,542
$6,630,185
AVERAGE SOLD PRICE PER SQUARE FOOT
$1,025.49
$915.15
$734.42
$1,175.24
TOTAL SFH SOLD
47
1
24
22
TOTAL SFH FOR SALE AT END OF PERIOD
72
-
31
41
AVERAGE MONTHLY SUPPLY OF INVENTORY
4.6
-
3.9
5.6
93%
101%
98%
92%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
-26%
-100%
4%
-35%
AVERAGE LIST PRICE PER SQUARE FOOT
-21%
-100%
-5%
-23%
AVERAGE SOLD PRICE
-20%
-100%
8%
-28%
AVERAGE SOLD PRICE PER SQUARE FOOT
-13%
-100%
0%
-15%
TOTAL SFH SOLD
36%
-100%
46%
32%
TOTAL SFH FOR SALE AT END OF PERIOD
21%
0%
-13%
46%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-11%
0%
-40%
11%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
9%
-100%
4%
11%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
14
BRENTWOOD
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Brentwood there were 30 single family home sales in May 2015, up from 24 in May 2014 and a 30% increase from the 23 sales closed last month. The average list price for single family home sales in May 2015 was $3,073,933 compared to $5,597,346 for May 2014, representing a 45% decrease. For the three-month period from March to May 2015, the average list price was 26% lower than the same period of the prior year. Average sales price for May 2015 was $3,103,529, compared to that of March through May 2015, which was $3,309,739. These results indicate that the sale price is trending down. Comparing May 2015 to April 2015, Brentwood saw a 13% decrease in average sale price, and a 39% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2015
ALL
< $1M
$1M - $3M
> $3M
$842,352
$740,429
$1,199,083
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$593.09
$577.23
$629.47
$-
AVERAGE SOLD PRICE
$845,475
$742,165
$1,207,058
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE LIST PRICE
$595.46
$578.82
$633.65
$-
TOTAL CONDOS SOLD
54
42
12
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
42
27
15
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.3
1.9
3.8
-
100%
100%
101%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$777,425
$642,995
$1,180,714
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$534.67
$523.67
$553.66
$-
AVERAGE SOLD PRICE
$771,654
$638,944
$1,169,786
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$530.70
$520.37
$548.53
$-
56
42
14
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2014
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
49
37
12
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.6
2.6
2.6
-
99%
99%
99%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
8%
15%
2%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
11%
10%
14%
0%
AVERAGE SOLD PRICE
10%
16%
3%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
12%
11%
16%
0%
TOTAL CONDOS SOLD
-4%
0%
-14%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-14%
-27%
25%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-11%
-27%
46%
0%
1%
1%
2%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
15
CHEVIOT HILLS - RANCHO PARK
SINGLE FAMILY HOME SALES
Cheviot Hills and Rancho Park are both situated within a short drive of Fox Studios and Sony Studios. Cheviot Hills provides excellent views of much of the Los Angeles. Cheviot Hills’ gently rolling hills are reminiscent of the Cheviot Hills area of Scotland, which is how the area got its name. Rancho Park, though a small residential neighborhood in West Los Angeles, is one of the few districts in Los Angeles where fall foliage can be seen. Nestled between Westwood and Cheviot Hills, Rancho Park is mostly filled with single-family homes and tree-lined streets. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,853,316
$938,000
$1,792,941
$3,795,000
$749.98
$647.79
$744.70
$829.51
$1,829,235
$880,000
$1,769,439
$3,795,000 $829.51
$740.23
$607.73
$734.94
TOTAL SFH SOLD
19
1
17
1
TOTAL SFH FOR SALE AT END OF PERIOD
14
-
10
4
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.2
-
1.8
12.0
99%
94%
99%
100%
ALL
< $1M
$1M - $3M
> $3M
$1,627,944
$949,000
$1,497,188
$4,399,000
SFH MAR - MAY 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$869.95
$614.64
$739.78
$-
$1,687,378
$965,000
$1,544,863
$4,690,000 $-
$899.34
$625.00
$760.67
TOTAL SFH SOLD
18
1
16
1
TOTAL SFH FOR SALE AT END OF PERIOD
15
1
11
3
AVERAGE SOLD PRICE PER SQUARE FOOT
2.5
3.0
2.1
9.0
104%
102%
103%
107%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
14%
-1%
20%
-14%
AVERAGE LIST PRICE PER SQUARE FOOT
-14%
5%
1%
0%
8%
-9%
15%
-19%
-18%
-3%
-3%
0%
6%
0%
6%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-7%
-100%
-9%
33%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-12%
-100%
-14%
33%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-5%
-8%
-4%
-6%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL SFH SOLD
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
16
CHEVIOT HILLS - RANCHO PARK
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Cheviot Hills - Rancho Park there were 8 single family home sales in May 2015, which is the same as May 2014 and a similar performance from the 8 sales closed last month. The average list price for single family home sales in May 2015 was $2,161,750 compared to $1,585,375 for May 2014, representing a 36% increase. For the three-month period from March to May 2015, the average list price was 14% higher than the same period of the prior year. Average sales price for May 2015 was $2,136,933, compared to that of March through May 2015, which was $1,829,235. These results indicate that the sale price is trending up. Comparing May 2015 to April 2015, Cheviot Hills - Rancho Park saw a 23% increase in average sale price, and a 34% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
MAR - MAY 2015
$-
$-
$-
> $3M $-
AVERAGE LIST PRICE PER SQUARE FOOT
$-
$-
$-
$-
AVERAGE SOLD PRICE
$-
$-
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$-
$-
$-
$-
TOTAL CONDOS SOLD
-
-
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
-
-
-
-
0%
0%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
$575,000
$575,000
$-
$-
$432.33
$432.33
$-
$-
$585,000
$585,000
$-
$-
$439.85
$439.85
$-
$-
TOTAL CONDOS SOLD
1
1
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
102%
102%
0%
0%
> $3M
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
-100%
-100%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
-100%
-100%
0%
0%
AVERAGE SOLD PRICE
-100%
-100%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
-100%
-100%
0%
0%
TOTAL CONDOS SOLD
0%
-100%
-100%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
0%
0%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
0%
0%
0%
0%
-100%
-100%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
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) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,034,083
$828,719
$1,246,782
$-
$642.48
$647.35
$639.18
$-
$1,049,434
$844,333
$1,261,861
$-
$652.02
$659.55
$646.91
$-
TOTAL SFH SOLD
57
29
28
-
TOTAL SFH FOR SALE AT END OF PERIOD
33
17
16
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.7
1.8
1.7
-
101%
102%
101%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR - MAY 2014
$846,474
$759,439
$1,122,083
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$560.27
$540.65
$606.09
$-
AVERAGE SOLD PRICE
$876,594
$775,992
$1,195,167
$-
$581.19
$553.64
$645.57
$-
TOTAL SFH SOLD
50
38
12
-
TOTAL SFH FOR SALE AT END OF PERIOD
17
11
6
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.0
0.9
1.5
-
104%
102%
107%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON AVERAGE LIST PRICE
22%
9%
11%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
15%
20%
5%
0%
AVERAGE SOLD PRICE
20%
9%
6%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
12%
19%
0%
0%
TOTAL SFH SOLD
14%
-24%
133%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
94%
55%
167%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
70%
103%
14%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-2%
0%
-5%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
18
CULVER CITY
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Culver City there were 28 condominium sales in May 2015, up from 23 in May 2014 and a similar performance from the 28 sales closed last month. The average list price for condo sales in May 2015 was $536,766 compared to $427,204 for May 2014, representing a 26% increase. For the three-month period from March to May 2015, the average list price was 21% higher than the same period of the prior year. Average sales price for May 2015 was $550,002, compared to that of March through May 2015, which was $521,417. These results indicate that the sale price is trending up. Comparing May 2015 to April 2015, Culver City saw a 8% increase in average sale price, and a 28% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR - MAY 2015
$511,615
$511,615
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$411.76
$411.76
$-
$-
AVERAGE SOLD PRICE
$521,417
$521,417
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$419.81
$419.81
$-
$-
TOTAL CONDOS SOLD
85
85
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
11
11
-
-
0.4
0.4
-
-
102%
102%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$423,153
$423,153
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$382.55
$382.55
$-
$-
AVERAGE SOLD PRICE
$429,519
$429,519
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$388.23
$388.23
$-
$-
52
52
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2014
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
34
34
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.0
2.0
-
-
102%
102%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
21%
21%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
8%
8%
0%
0%
AVERAGE SOLD PRICE
21%
21%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
8%
8%
0%
0%
TOTAL CONDOS SOLD
63%
63%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-68%
-68%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-80%
-80%
0%
0%
0%
0%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
19
DOWNTOWN LOS ANGELES
SINGLE FAMILY HOME SALES
Downtown Los Angeles offers urban living with its condos and lofts, and its central business district with skyscrapers, multinational corporations, popular art institutions, public art displays, sightseeing opportunities, sports facilities and shopping. Home to world-famous establishments like The Walt Disney Concert Hall, Staples Center, Cathedral of our Lady of the Angels and the University of Southern California, Downtown Los Angeles borders Lincoln Heights and the LA River to the east, Hollywood to the north, the Santa Monica Freeway to the south, and the Harbor Freeway to the west. Perfect for those seeking condos and lofts. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$323,296
$323,296
$-
$-
$253.15
$253.15
$-
$-
$325,420
$325,420
$-
$-
$254.82
$254.82
$-
$-
TOTAL SFH SOLD
25
25
-
-
TOTAL SFH FOR SALE AT END OF PERIOD
32
31
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.8
3.7
-
-
101%
101%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR - MAY 2014
$257,725
$257,725
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$188.86
$188.86
$-
$-
$255,352
$255,352
$-
$-
$187.12
$187.12
$-
$-
TOTAL SFH SOLD
28
28
-
-
TOTAL SFH FOR SALE AT END OF PERIOD
27
25
1
1
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.9
2.7
-
-
99%
99%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
SFH MAY/MAY COMPARISON AVERAGE LIST PRICE
25%
25%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
34%
34%
0%
0%
AVERAGE SOLD PRICE
27%
27%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
36%
36%
0%
0%
TOTAL SFH SOLD
-11%
-11%
0%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
19%
24%
0%
-100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
33%
39%
0%
0%
2%
2%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
20
DOWNTOWN LOS ANGELES
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Downtown L.A. there were 43 condominium sales in May 2015, down from 55 in May 2014 and a 12% decrease from the 49 sales closed last month. The average list price for condo sales in May 2015 was $642,435 almost matching $626,696 for May 2014. For the three-month period from March to May 2015, the average list price was 10% higher than the same period of the prior year. Average sales price for May 2015 was $637,751, compared to that of March through May 2015, which was $694,415. These results indicate that the sale price is trending down. Comparing May 2015 to April 2015, Downtown L.A. saw a 12% decrease in average sale price, but a 3% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2015 AVERAGE LIST PRICE
ALL
< $1M
$1M - $3M
> $3M
$702,114
$574,559
$1,512,700
$3,400,000
AVERAGE LIST PRICE PER SQUARE FOOT
$604.13
$554.09
$741.59
$948.75
AVERAGE SOLD PRICE
$694,415
$570,088
$1,486,700
$3,316,667
$597.65
$549.98
$728.85
$925.50
TOTAL CONDOS SOLD
140
127
10
3
TOTAL CONDOS FOR SALE AT END OF PERIOD
82
66
14
2
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.8
1.6
4.2
2.0
99%
99%
98%
98%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2014
$638,886
$554,246
$1,478,769
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$545.88
$520.06
$669.52
$-
AVERAGE SOLD PRICE
$631,121
$549,816
$1,437,923
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$539.25
$515.90
$651.03
$-
TOTAL CONDOS SOLD
142
129
13
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
114
100
12
2
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.4
2.3
2.8
-
99%
99%
97%
0%
AVERAGE LIST PRICE
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
10%
4%
2%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
11%
7%
11%
0%
AVERAGE SOLD PRICE
10%
4%
3%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
11%
7%
12%
0%
-1%
-2%
-23%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-28%
-34%
17%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-27%
-33%
52%
0%
0%
0%
1%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
21
EAGLE ROCK
SINGLE FAMILY HOME SALES Eagle Rock, a neighborhood of architectural and historic homes, is bordered by Glendale on the north and west, Highland Park to the southeast, Glassell Park to the southwest, and Pasadena and South Pasadena on the east. At certain times of the day on the northern edge of Eagle Rock, an enormous boulder projects a bird-shaped shadow resembling an eagle in flight, giving the city its name. Since the 1920s, artists, writers and filmmakers have moved to the architectural and historic homes of Eagle Rock, with Craftsman, Georgian, Art Deco and Mission Revival styles. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR - MAY 2015
$697,423
$670,528
$1,145,667
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$455.99
$450.88
$512.60
$-
AVERAGE SOLD PRICE
$714,462
$687,280
$1,167,500
$-
$467.13
$462.15
$522.37
$-
TOTAL SFH SOLD
53
50
3
-
TOTAL SFH FOR SALE AT END OF PERIOD
36
31
5
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.0
1.9
5.0
-
102%
102%
102%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR - MAY 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
ALL
< $1M
$1M - $3M
> $3M
$627,448
$619,596
$1,075,000
$-
$415.02
$417.94
$338.48
$-
$632,625
$626,180
$1,000,000
$-
$418.20
$422.14
$314.86
$-
TOTAL SFH SOLD
58
57
1
-
TOTAL SFH FOR SALE AT END OF PERIOD
31
28
3
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.6
1.5
9.0
-
101%
101%
93%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
11%
8%
7%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
10%
8%
51%
0%
AVERAGE SOLD PRICE
13%
10%
17%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
12%
9%
66%
0%
TOTAL SFH SOLD
-9%
-12%
200%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON
TOTAL SFH FOR SALE AT END OF PERIOD
16%
11%
67%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
27%
26%
-44%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2%
1%
10%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
22
EAGLE ROCK
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Eagle Rock there were 15 single family home sales in May 2015, down from 22 in May 2014 and a 25% decrease from the 20 sales closed last month. The average list price for single family home sales in May 2015 was $719,320 compared to $602,827 for May 2014, representing a 19% increase. For the three-month period from March to May 2015, the average list price was 11% higher than the same period of the prior year. Average sales price for May 2015 was $734,733, compared to that of March through May 2015, which was $714,462. These results indicate that the sale price is trending up. Comparing May 2015 to April 2015, Eagle Rock saw a 2% increase in average sale price, and a 16% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
MAR - MAY 2015
$-
$-
$-
> $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
$385,000
$385,000
$-
$-
$289.15
$289.15
$-
$-
$380,000
$380,000
$-
$-
$285.39
$285.39
$-
$-
2
2
-
-
CONDOS MAR - MAY 2014 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
-
-
1.5
1.5
-
-
99%
99%
0%
0%
> $3M
CONDOS ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
-100%
-100%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
-100%
-100%
0%
0%
AVERAGE SOLD PRICE
-100%
-100%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
-100%
-100%
0%
0% 0%
TOTAL CONDOS SOLD
-100%
-100%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-100%
-100%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-100%
-100%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-100%
-100%
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) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,580,396
$802,931
$1,588,105
$3,840,833
$629.75
$471.80
$602.31
$1,025.22
$1,558,836
$797,159
$1,568,358
$3,755,000 $1,002.31
$621.16
$468.41
$594.82
TOTAL SFH SOLD
80
18
56
6
TOTAL SFH FOR SALE AT END OF PERIOD
74
17
44
13
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.8
2.8
2.4
6.5
99%
99%
99%
98%
ALL
< $1M
$1M - $3M
> $3M
$1,636,782
$787,803
$1,670,173
$4,875,286
SFH MAR - MAY 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
$580.00
$406.46
$594.20
$760.54
$1,599,988
$794,005
$1,661,123
$4,535,714
$566.96
$409.66
$590.98
$707.57
TOTAL SFH SOLD
68
28
33
7
TOTAL SFH FOR SALE AT END OF PERIOD
84
29
38
17
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.7
3.1
3.5
7.3
98%
101%
99%
93%
ALL
< $1M
$1M - $3M
> $3M -21%
SFH MAY/MAY COMPARISON AVERAGE LIST PRICE
-3%
2%
-5%
AVERAGE LIST PRICE PER SQUARE FOOT
9%
16%
1%
35%
AVERAGE SOLD PRICE
-3%
0%
-6%
-17%
AVERAGE SOLD PRICE PER SQUARE FOOT
10%
14%
1%
42%
TOTAL SFH SOLD
18%
-36%
70%
-14%
TOTAL SFH FOR SALE AT END OF PERIOD
-12%
-41%
16%
-24%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-25%
-9%
-32%
-11%
1%
-1%
-1%
5%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
24
CONDOMINIUM SALES
HANCOCK PARK
MAY MARKET OVERVIEW In Hancock Park - Wilshire there were 31 single family home sales in May 2015, up from 25 in May 2014 and a 9% decrease from the 34 sales closed last month. The average list price for single family home sales in May 2015 was $1,808,219 almost matching $1,730,448 for May 2014. For the three-month period from March to May 2015, the average list price was 3% lower than the same period of the prior year. Average sales price for May 2015 was $1,786,795, compared to that of March through May 2015, which was $1,558,836. These results indicate that the sale price is trending up. Comparing May 2015 to April 2015, Hancock Park - Wilshire saw a 23% increase in average sale price, and a 6% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$552,423
$552,423
$-
$-
$421.72
$421.72
$-
$-
$545,483
$545,483
$-
$-
$416.42
$416.42
$-
$-
TOTAL CONDOS SOLD
51
51
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
42
39
3
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.5
2.3
-
-
99%
99%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$551,881
$496,224
$1,832,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$431.02
$407.05
$680.79
$-
AVERAGE SOLD PRICE
$542,210
$488,393
$1,780,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$423.46
$400.62
$661.46
$-
48
46
2
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2014
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
53
49
4
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.3
3.2
6.0
-
98%
98%
97%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
0%
11%
-100%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
-2%
4%
-100%
0%
AVERAGE SOLD PRICE
1%
12%
-100%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
-2%
4%
-100%
0%
6%
11%
-100%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-21%
-20%
-25%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-25%
-28%
-100%
0%
1%
0%
-100%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
25
HOLLYWOOD
SINGLE FAMILY HOME SALES Hollywood puts you right in one of the most desirable districts of Los Angeles real estate. Hollywood’s fame is rooted in its cultural identity, peerless entertainment industry and historical significance as the origin of American cinema. Hollywood is consistently the host of major events such as the Academy Awards and is the paramount tourist attraction with Hollywood Boulevard, the Walk of Fame and the Hollywood Bowl. From the red carpet to Hollywood’s 130-acre national park, Runyon Canyon, this vibrant community radiates its authentic prestige. Hollywood homes and estates are some of the most luxurious in all of California. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,179,473
$780,165
$1,349,667
$4,950,000
$717.26
$543.42
$606.27
$4,057.38
$1,175,482
$800,978
$1,345,404
$4,650,000
$717.20
$557.91
$611.25
$3,811.48
TOTAL SFH SOLD
19
12
6
1
TOTAL SFH FOR SALE AT END OF PERIOD
24
18
6
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.8
4.5
3.0
-
100%
103%
100%
94%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR - MAY 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
ALL
< $1M
$1M - $3M
> $3M
$1,034,494
$550,271
$1,411,111
$-
$558.22
$517.03
$573.33
$-
$1,030,026
$537,416
$1,413,167
$-
$547.55
$504.95
$563.16
$-
TOTAL SFH SOLD
16
7
9
-
TOTAL SFH FOR SALE AT END OF PERIOD
29
25
4
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
5.4
10.7
1.3
-
100%
98%
100%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
14%
42%
-4%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
28%
5%
6%
0%
AVERAGE SOLD PRICE
14%
49%
-5%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
31%
10%
9%
0%
TOTAL SFH SOLD
19%
71%
-33%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-17%
-28%
50%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-30%
-58%
125%
0%
0%
5%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
26
HOLLYWOOD
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Hollywood there were 4 condominium sales in May 2015, down from 12 in May 2014 and a 64% decrease from the 11 sales closed last month. The average list price for condo sales in May 2015 was $905,975 compared to $962,996 for May 2014, representing a 6% decrease. For the three-month period from March to May 2015, the average list price was flat compared to the same period of the prior year. Average sales price for May 2015 was $872,250, compared to that of March through May 2015, which was $725,121. These results indicate that the sale price is trending up. Comparing May 2015 to April 2015, Hollywood saw a 23% increase in average sale price, but a 7% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR - MAY 2015
$734,422
$578,836
$1,419,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$540.63
$471.70
$799.69
$-
AVERAGE SOLD PRICE
$725,121
$579,240
$1,367,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$533.29
$472.03
$763.50
$-
TOTAL CONDOS SOLD
27
22
5
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
22
20
2
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.4
2.7
1.2
-
99%
100%
96%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$736,238
$550,337
$1,727,708
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$544.32
$464.10
$763.23
$-
AVERAGE SOLD PRICE
$716,925
$544,591
$1,636,042
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$530.00
$459.39
$722.74
$-
38
32
6
1
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2014
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
36
27
8
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.8
2.5
4.0
-
97%
99%
95%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
0%
5%
-18%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
-1%
2%
5%
0%
AVERAGE SOLD PRICE
1%
6%
-16%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
1%
3%
6%
0%
TOTAL CONDOS SOLD
-29%
-31%
-17%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-39%
-26%
-75%
-100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-14%
8%
-70%
0%
1%
1%
2%
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) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,332,234
$900,714
$1,429,674
$-
$563.22
$489.86
$575.48
$-
$1,322,276
$855,857
$1,427,596
$$-
$559.01
$465.46
$574.64
TOTAL SFH SOLD
38
7
31
-
TOTAL SFH FOR SALE AT END OF PERIOD
45
6
36
3
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.6
2.6
3.5
-
99%
95%
100%
0%
SFH MAR - MAY 2014
ALL
< $1M
$1M - $3M
> $3M
$1,120,697
$868,250
$1,264,952
$-
$549.61
$521.39
$560.46
$-
$1,103,231
$811,083
$1,270,173
$-
$541.97
$487.84
$562.77
$-
TOTAL SFH SOLD
33
12
21
-
TOTAL SFH FOR SALE AT END OF PERIOD
47
8
37
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
4.3
2.0
5.3
-
98%
93%
100%
0%
ALL
< $1M
$1M - $3M
> $3M
SFH MAY/MAY COMPARISON AVERAGE LIST PRICE
19%
4%
13%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
2%
-6%
3%
0%
20%
6%
12%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
3%
-5%
2%
0%
TOTAL SFH SOLD
15%
-42%
48%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-4%
-25%
-3%
50%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-17%
29%
-34%
0%
1%
2%
-1%
0%
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 | TOPANGA sothebyshomes.com/losangeles
28
HOLLYWOOD HILLS EAST
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Hollywood Hills East there were 11 single family home sales in May 2015, down from 13 in May 2014 and a 31% decrease from the 16 sales closed last month. The average list price for single family home sales in May 2015 was $1,312,545 compared to $1,176,000 for May 2014, representing a 12% increase. For the three-month period from March to May 2015, the average list price was 19% higher than the same period of the prior year. Average sales price for May 2015 was $1,294,068, compared to that of March through May 2015, which was $1,322,276. These results indicate that the sale price is trending down. Comparing May 2015 to April 2015, Hollywood Hills East saw a 8% decrease in average sale price, but a 12% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR - MAY 2015
$475,675
$475,675
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$391.39
$391.39
$-
$-
AVERAGE SOLD PRICE
$474,296
$474,296
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$390.26
$390.26
$-
$-
TOTAL CONDOS SOLD
12
12
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
8
6
2
-
2.0
1.5
-
-
100%
100%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$457,325
$457,325
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$394.27
$394.27
$-
$-
$462,083
$462,083
$-
$-
$398.38
$398.38
$-
$-
12
12
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2014
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
8
8
-
2.0
2.0
-
-
101%
101%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
4%
4%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
-1%
-1%
0%
0%
AVERAGE SOLD PRICE
3%
3%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
-2%
-2%
0%
0%
TOTAL CONDOS SOLD
0%
0%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
0%
-25%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
0%
-25%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-1%
-1%
0%
0%
(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) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,353,781
$767,109
$1,718,879
$2,799,000
$609.85
$529.10
$642.81
$583.00
$1,358,646
$775,370
$1,708,010
$3,245,000 $675.90
$612.38
$534.80
$639.03
TOTAL SFH SOLD
57
23
33
1
TOTAL SFH FOR SALE AT END OF PERIOD
49
3
35
11
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.6
0.4
3.2
33.0
100%
101%
99%
116%
ALL
< $1M
$1M - $3M
> $3M
$1,543,571
$756,066
$1,698,943
$4,866,000
SFH MAR - MAY 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$617.95
$468.99
$621.85
$827.86
$1,552,645
$767,682
$1,711,993
$4,833,000 $822.25
$621.53
$476.12
$626.63
TOTAL SFH SOLD
68
28
35
5
TOTAL SFH FOR SALE AT END OF PERIOD
75
15
52
8
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.3
1.6
4.5
4.8
101%
102%
101%
99%
ALL
< $1M
$1M - $3M
> $3M
SFH MAY/MAY COMPARISON
-12%
1%
1%
-42%
-1%
13%
3%
-30%
-12%
1%
0%
-33%
-1%
12%
2%
-18%
-16%
-18%
-6%
-80%
TOTAL SFH FOR SALE AT END OF PERIOD
-35%
-80%
-33%
38%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-22%
-76%
-29%
588%
0%
0%
-1%
17%
AVERAGE LIST PRICE 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
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
30
LOS FELIZ
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Los Feliz there were 18 single family home sales in May 2015, down from 28 in May 2014 and a 22% decrease from the 23 sales closed last month. The average list price for single family home sales in May 2015 was $1,658,389 compared to $1,292,963 for May 2014, representing a 28% increase. For the three-month period from March to May 2015, the average list price was 12% lower than the same period of the prior year. Average sales price for May 2015 was $1,645,867, compared to that of March through May 2015, which was $1,358,646. These results indicate that the sale price is trending up. Comparing May 2015 to April 2015, Los Feliz saw a 40% increase in average sale price, and a 25% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR - MAY 2015
$557,833
$557,833
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$524.44
$524.44
$-
$-
AVERAGE SOLD PRICE
$567,489
$567,489
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$533.52
$533.52
$-
$-
TOTAL CONDOS SOLD
9
9
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
3
3
-
-
1.0
1.0
-
-
102%
102%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
$507,563
$507,563
$-
$-
$437.22
$437.22
$-
$-
$522,250
$522,250
$-
$-
$449.88
$449.88
$-
$-
8
8
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
4
4
-
1.5
1.5
-
-
103%
103%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
10%
10%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
20%
20%
0%
0%
AVERAGE SOLD PRICE
9%
9%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
19%
19%
0%
0%
TOTAL CONDOS SOLD
13%
13%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-25%
-25%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-33%
-33%
0%
0%
-1%
-1%
0%
0%
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) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,558,598
$802,967
$2,063,079
$5,236,000
$745.82
$533.53
$674.94
$893.23
$2,461,006
$803,000
$2,000,150
$4,959,513 $846.06
$719.64
$533.55
$659.04
TOTAL SFH SOLD
50
3
38
9
TOTAL SFH FOR SALE AT END OF PERIOD
147
2
63
82
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
8.8
2.0
5.0
27.3
96%
100%
97%
95%
ALL
< $1M
$1M - $3M
> $3M
$2,797,895
$765,580
$2,063,646
$4,650,133
SFH MAR - MAY 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$744.66
$374.26
$677.89
$842.51
$2,654,512
$759,500
$1,974,333
$4,374,467 $792.56
$708.02
$371.28
$652.99
TOTAL SFH SOLD
44
5
24
15
TOTAL SFH FOR SALE AT END OF PERIOD
165
5
74
86
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
11.3
3.0
9.3
17.2
95%
99%
96%
94%
ALL
< $1M
$1M - $3M
> $3M 13%
SFH MAY/MAY COMPARISON AVERAGE LIST PRICE
-9%
5%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
0%
43%
0%
6%
AVERAGE SOLD PRICE
-7%
6%
1%
13%
AVERAGE SOLD PRICE PER SQUARE FOOT
2%
44%
1%
7%
TOTAL SFH SOLD
14%
-40%
58%
-40%
TOTAL SFH FOR SALE AT END OF PERIOD
-11%
-60%
-15%
-5%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-22%
-33%
-46%
59%
1%
1%
1%
1%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
32
MALIBU
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Malibu there were 16 single family home sales in May 2015, down from 18 in May 2014 and a 16% decrease from the 19 sales closed last month. The average list price for single family home sales in May 2015 was $2,640,313 compared to $3,046,222 for May 2014, representing a 13% decrease. For the three-month period from March to May 2015, the average list price was 9% lower than the same period of the prior year. Average sales price for May 2015 was $2,490,914, compared to that of March through May 2015, which was $2,461,006. These results indicate that the sale price is trending up. Comparing May 2015 to April 2015, Malibu saw a 4% increase in average sale price, but a 14% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2015
ALL
< $1M
$1M - $3M
> $3M
$920,125
$633,000
$1,289,286
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$581.35
$509.02
$638.62
$-
AVERAGE SOLD PRICE
$881,125
$613,889
$1,224,714
$-
AVERAGE LIST PRICE
$556.71
$493.66
$606.64
$-
TOTAL CONDOS SOLD
16
9
7
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
26
14
12
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
4.9
4.7
5.1
-
96%
97%
95%
0%
ALL
< $1M
$1M - $3M
> $3M
$1,073,121
$720,356
$1,284,780
$-
$612.42
$384.12
$765.48
$-
$1,074,313
$709,833
$1,293,000
$-
$613.10
$378.51
$770.38
$-
8
3
5
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2014 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
16
13
3
AVERAGE MONTHLY SUPPLY OF INVENTORY
6.0
13.0
1.8
-
100%
99%
101%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
-14%
-12%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
-5%
33%
-17%
0%
AVERAGE SOLD PRICE
-18%
-14%
-5%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
-9%
30%
-21%
0%
TOTAL CONDOS SOLD
100%
200%
40%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
63%
8%
300%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-19%
-64%
186%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-4%
-2%
-6%
0%
(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) MAR - MAY 2015 AVERAGE LIST PRICE
ALL
< $1M
$1M - $3M
> $3M
$5,359,222
$-
$2,100,000
$5,766,625
$1,897.22
$-
$1,097.18
$1,967.47
AVERAGE SOLD PRICE
$5,094,167
$-
$1,950,000
$5,487,188
AVERAGE SOLD PRICE PER SQUARE FOOT
$1,871.79
AVERAGE LIST PRICE PER SQUARE FOOT
$1,802.93
$-
$1,018.81
TOTAL SFH SOLD
9
-
1
8
TOTAL SFH FOR SALE AT END OF PERIOD
67
-
7
60
AVERAGE MONTHLY SUPPLY OF INVENTORY
22.3
-
21.0
22.5
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
95%
0%
93%
95%
SFH MAR - MAY 2014
ALL
< $1M
$1M - $3M
> $3M
$5,978,429
$-
$2,424,500
$7,400,000
AVERAGE LIST PRICE PER SQUARE FOOT
$2,300.98
$-
$1,365.15
$2,570.28
AVERAGE SOLD PRICE
$5,683,607
$-
$2,317,000
$7,030,250
AVERAGE SOLD PRICE PER SQUARE FOOT
$2,205.35
$-
$1,304.62
$2,464.55
7
-
2
5
69
-
8
61
AVERAGE LIST PRICE
TOTAL SFH SOLD TOTAL SFH FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY
29.6
-
12.0
36.6
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
95%
0%
96%
95%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
-10%
0%
-13%
-22%
AVERAGE LIST PRICE PER SQUARE FOOT
-18%
0%
-20%
-23%
AVERAGE SOLD PRICE
-10%
0%
-16%
-22%
AVERAGE SOLD PRICE PER SQUARE FOOT
-18%
0%
-22%
-24%
TOTAL SFH SOLD
29%
0%
-50%
60%
SFH MAY/MAY COMPARISON
TOTAL SFH FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-3%
0%
-13%
-2%
-24%
0%
75%
-39%
0%
0%
-3%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
34
CONDOMINIUM SALES
MALIBU BEACH
MAY MARKET OVERVIEW In Malibu Beach there were 3 single family home sales in May 2015, up from 1 in May 2014 and a similar performance from the 3 sales closed last month. The average list price for single family home sales in May 2015 was $4,762,667 compared to $10,400,000 for May 2014, representing a 54% decrease. For the three-month period from March to May 2015, the average list price was 10% lower than the same period of the prior year. Average sales price for May 2015 was $4,780,000, compared to that of March through May 2015, which was $5,094,167. These results indicate that the sale price is trending down. Comparing May 2015 to April 2015, Malibu Beach was flat in average sale price, and a 52% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,051,600
$764,500
$2,200,000
$-
$979.51
$805.16
$1,401.27
$-
$1,015,000
$760,000
$2,035,000
$-
$945.42
$800.42
$1,296.18
$-
TOTAL CONDOS SOLD
5
4
1
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
17
9
8
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
10.2
6.8
24.0
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
97%
99%
93%
0%
ALL
< $1M
$1M - $3M
> $3M
$748,000
$748,000
$-
$-
$851.29
$851.29
$-
$-
$700,500
$700,500
$-
$-
$797.23
$797.23
$-
$-
6
6
-
1
AVERAGE SOLD PRICE PER SQUARE FOOT
CONDOS MAR - MAY 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
21
16
4
AVERAGE MONTHLY SUPPLY OF INVENTORY
10.5
8.0
-
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
94%
94%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
41%
2%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
15%
-5%
0%
0%
AVERAGE SOLD PRICE
45%
8%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
19%
0%
0%
0%
TOTAL CONDOS SOLD
-17%
-33%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-19%
-44%
100%
-100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-3%
-16%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3%
6%
0%
0%
(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) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,638,571
$721,333
$1,758,600
$3,190,000
$662.24
$769.01
$656.39
$633.69
$1,637,071
$748,333
$1,767,400
$3,000,000 $595.95
$661.63
$797.80
$659.67
TOTAL SFH SOLD
14
3
10
1
TOTAL SFH FOR SALE AT END OF PERIOD
10
1
6
3
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.1
1.0
1.8
9.0
100%
104%
101%
94%
SFH MAR - MAY 2014
ALL
< $1M
$1M - $3M
> $3M
$1,414,399
$716,954
$1,832,867
$-
$598.37
$677.50
$582.84
$-
$1,381,891
$750,458
$1,760,750
$-
$583.68
$711.11
$558.66
$-
TOTAL SFH SOLD
24
9
15
-
TOTAL SFH FOR SALE AT END OF PERIOD
13
1
7
5
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
1.6
0.3
1.4
-
98%
105%
96%
0%
ALL
< $1M
$1M - $3M
> $3M
SFH MAY/MAY COMPARISON AVERAGE LIST PRICE
16%
1%
-4%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
11%
14%
13%
0%
AVERAGE SOLD PRICE
18%
0%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
13%
12%
18%
0%
TOTAL SFH SOLD
-42%
-67%
-33%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-23%
0%
-14%
-40%
AVERAGE MONTHLY SUPPLY OF INVENTORY
32%
200%
29%
0%
2%
-1%
5%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
36
MARINA DEL REY
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Marina Del Rey there were 31 condominium sales in May 2015, up from 30 in May 2014 and a 11% increase from the 28 sales closed last month. The average list price for condo sales in May 2015 was $923,082 compared to $838,707 for May 2014, representing a 10% increase. For the three-month period from March to May 2015, the average list price was 12% higher than the same period of the prior year. Average sales price for May 2015 was $911,824, compared to that of March through May 2015, which was $958,427. These results indicate that the sale price is trending down. Comparing May 2015 to April 2015, Marina Del Rey saw a 10% decrease in average sale price, but a 10% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2015 AVERAGE LIST PRICE
ALL
< $1M
$1M - $3M
> $3M
$978,318
$752,136
$1,419,792
$3,597,000
AVERAGE LIST PRICE PER SQUARE FOOT
$606.92
$527.59
$740.84
$1,168.28
AVERAGE SOLD PRICE
$958,427
$748,587
$1,374,404
$3,311,090
AVERAGE SOLD PRICE PER SQUARE FOOT
$595.34
$524.82
$717.16
$1,051.75
TOTAL CONDOS SOLD
96
70
24
2
TOTAL CONDOS FOR SALE AT END OF PERIOD
72
32
39
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.3
1.4
4.9
1.5
98%
100%
97%
92%
ALL
< $1M
$1M - $3M
> $3M
$872,994
$714,726
$1,450,206
$-
$543.73
$464.75
$800.31
$-
$854,848
$705,323
$1,400,176
$-
$532.48
$458.57
$772.59
$-
TOTAL CONDOS SOLD
79
62
17
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
106
68
37
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
4.0
3.3
6.5
-
98%
99%
97%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
12%
5%
-2%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
12%
14%
-7%
0%
AVERAGE SOLD PRICE
12%
6%
-2%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
12%
14%
-7%
0%
TOTAL CONDOS SOLD
22%
13%
41%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-32%
-53%
5%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-44%
-58%
-25%
0%
0%
1%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
37
MID LOS ANGELES
SINGLE FAMILY HOME SALES Mid Los Angeles is a district in Los Angeles, California, known for its Spanish-style and traditional residences, as well as duplex properties. 2.5 miles south of Hollywood and 3.5 miles west of downtown Los Angeles, Mid Los Angeles contains Brookside, Crestview, Fremont Place, Lafayette Square, Little Ethiopia, Picfair Village and Victoria Park. Mid Los Angeles is a great neighborhood, centrally located, great commercial and recreational opportunities and close to all. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR - MAY 2015
$516,766
$501,149
$1,282,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$325.26
$321.26
$426.91
$-
AVERAGE SOLD PRICE
$519,251
$502,864
$1,322,200
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$326.82
$322.36
$440.29
$-
TOTAL SFH SOLD
100
98
2
-
TOTAL SFH FOR SALE AT END OF PERIOD
70
68
2
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.1
2.1
3.0
-
100%
100%
103%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR - MAY 2014
$458,701
$448,111
$804,667
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$299.55
$297.48
$342.90
$-
AVERAGE SOLD PRICE
$478,538
$448,228
$1,468,667
$-
$312.50
$297.56
$625.85
$-
TOTAL SFH SOLD
101
98
3
-
TOTAL SFH FOR SALE AT END OF PERIOD
81
77
4
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.4
2.4
4.0
-
104%
100%
183%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
13%
12%
59%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
9%
8%
24%
0%
AVERAGE SOLD PRICE
9%
12%
-10%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
5%
8%
-30%
0%
TOTAL SFH SOLD
-1%
0%
-33%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-14%
-12%
-50%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-13%
-12%
-25%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-4%
0%
-43%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
38
MID LOS ANGELES
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Mid Los Angeles there were 35 single family home sales in May 2015, down from 36 in May 2014 and a 6% increase from the 33 sales closed last month. The average list price for single family home sales in May 2015 was $489,003 compared to $437,285 for May 2014, representing a 12% increase. For the three-month period from March to May 2015, the average list price was 13% higher than the same period of the prior year. Average sales price for May 2015 was $494,357, compared to that of March through May 2015, which was $519,251. These results indicate that the sale price is trending down. Comparing May 2015 to April 2015, Mid Los Angeles saw a 13% decrease in average sale price, but was flat compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR - MAY 2015
$179,000
$179,000
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$233.38
$233.38
$-
$-
AVERAGE SOLD PRICE
$170,000
$170,000
$-
$-
$221.64
$221.64
$-
$-
TOTAL CONDOS SOLD
1
1
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
2
2
-
-
6.0
6.0
-
-
95%
95%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2014 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
5
5
-
-
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
MAY/MAY 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%
0%
0%
0%
-60%
-60%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
0%
0%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
0%
0%
0%
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
(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) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$840,800
$679,000
$1,218,333
$-
$346.77
$433.11
$282.72
$-
$839,800
$690,429
$1,188,333
$-
$346.02
$440.73
$275.76
$-
TOTAL SFH SOLD
10
7
3
-
TOTAL SFH FOR SALE AT END OF PERIOD
12
9
3
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.6
3.9
3.0
-
100%
102%
98%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR - MAY 2014
$719,400
$696,556
$925,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$338.48
$332.27
$387.52
$-
AVERAGE SOLD PRICE
$720,450
$688,278
$1,010,000
$-
$338.97
$328.32
$423.13
$-
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL SFH SOLD
10
9
1
-
TOTAL SFH FOR SALE AT END OF PERIOD
17
15
2
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
5.1
5.0
6.0
-
100%
99%
109%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON AVERAGE LIST PRICE
17%
-3%
32%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
2%
30%
-27%
0%
AVERAGE SOLD PRICE
17%
0%
18%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
2%
34%
-35%
0%
TOTAL SFH SOLD
0%
-22%
200%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-29%
-40%
50%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-29%
-23%
-50%
0%
0%
3%
-11%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
40
MID WILSHIRE
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Mid Wilshire there were 13 condominium sales in May 2015, down from 15 in May 2014 and a 44% increase from the 9 sales closed last month. The average list price for condo sales in May 2015 was $485,519 compared to $562,000 for May 2014, representing a 14% decrease. For the three-month period from March to May 2015, the average list price was 4% higher than the same period of the prior year. Average sales price for May 2015 was $477,798, compared to that of March through May 2015, which was $493,628. These results indicate that the sale price is trending down. Comparing May 2015 to April 2015, Mid Wilshire saw a 21% 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
MAR - MAY 2015
$503,712
$444,373
$1,196,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$446.78
$411.87
$706.30
$-
$493,628
$441,225
$1,105,000
$-
AVERAGE SOLD PRICE
$437.84
$408.95
$652.56
$-
TOTAL CONDOS SOLD
38
35
3
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
30
29
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.4
2.5
1.0
-
98%
99%
92%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2014
$482,889
$482,889
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$405.83
$405.83
$-
$-
AVERAGE SOLD PRICE
$472,078
$472,078
$-
$-
$396.74
$396.74
$-
$-
37
37
-
-
AVERAGE LIST PRICE
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
65
62
3
AVERAGE MONTHLY SUPPLY OF INVENTORY
5.3
5.0
-
-
98%
98%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
4%
-8%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
10%
1%
0%
0%
AVERAGE SOLD PRICE
5%
-7%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
10%
3%
0%
0%
3%
-5%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-54%
-53%
-67%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-55%
-51%
0%
0%
0%
2%
0%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
41
MOUNT WASHINGTON
SINGLE FAMILY HOME SALES
Founded in 1909, Mount Washington is located on the eastside of Los Angeles neighboring Glassell Park, Eagle Rock, Highland Park and Montecito Heights and its close proximity to both Pasadena and Downtown Los Angeles have made it popular for homebuyers. It is known for the many 1950s and 1960s modernist homes that can be found here. Recently the area has become a more affordable alternative to the more pricey Westside. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAR - MAY 2015
ALL
< $1M
$1M - $3M
> $3M
$683,897
$633,052
$978,800
$-
$427.63
$414.35
$483.02
$-
AVERAGE SOLD PRICE
$710,332
$640,148
$1,117,400
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
$443.02
$417.02
$551.42
$-
TOTAL SFH SOLD
34
29
5
-
TOTAL SFH FOR SALE AT END OF PERIOD
18
16
2
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.6
1.7
1.2
-
104%
101%
114%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR - MAY 2014
ALL
< $1M
$1M - $3M
> $3M
$605,492
$595,505
$985,000
$-
$475.55
$488.27
$301.68
$-
$623,956
$613,271
$1,030,000
$-
$491.38
$504.25
$315.47
$-
TOTAL SFH SOLD
39
38
1
-
TOTAL SFH FOR SALE AT END OF PERIOD
20
17
3
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.5
1.3
9.0
-
103%
103%
105%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON AVERAGE LIST PRICE
13%
6%
-1%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
-10%
-15%
60%
0%
AVERAGE SOLD PRICE
14%
4%
8%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
-10%
-17%
75%
0%
TOTAL SFH SOLD
-13%
-24%
400%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-10%
-6%
-33%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
3%
23%
-87%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
1%
-2%
9%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
42
MOUNT WASHINGTON
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Mount Washington there were 9 single family home sales in May 2015, down from 15 in May 2014 and a 13% increase from the 8 sales closed last month. The average list price for single family home sales in May 2015 was $681,211 almost matching $660,200 for May 2014. For the three-month period from March to May 2015, the average list price was 13% higher than the same period of the prior year. Average sales price for May 2015 was $691,444, compared to that of March through May 2015, which was $710,332. These results indicate that the sale price is trending down. Comparing May 2015 to April 2015, Mount Washington saw a 14% decrease in average sale price, but a 1% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
MAR - MAY 2015
$-
$-
$-
> $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 MAR - MAY 2014 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
MAY/MAY 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) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$3,747,497
$-
$2,036,404
$5,708,125
$1,032.24
$-
$920.98
$1,084.26
$3,712,900
$-
$2,058,953
$5,608,046
$1,022.72
$-
$932.53
$1,064.89
TOTAL SFH SOLD
103
-
55
48
TOTAL SFH FOR SALE AT END OF PERIOD
80
-
29
51
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.3
-
1.6
3.2
99%
0%
101%
98%
ALL
< $1M
$1M - $3M
> $3M
$3,469,354
$875,000
$1,952,841
$5,342,892
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR - MAY 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$937.53
$-
$825.15
$1,005.36
$3,419,540
$825,000
$1,971,491
$5,211,666
$926.94
$-
$834.33
$982.82
TOTAL SFH SOLD
82
1
44
37
TOTAL SFH FOR SALE AT END OF PERIOD
72
-
35
37
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.6
-
2.4
3.0
99%
94%
101%
98%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
8%
-100%
4%
7%
AVERAGE LIST PRICE PER SQUARE FOOT
10%
0%
12%
8%
AVERAGE SOLD PRICE
9%
-100%
4%
8%
AVERAGE SOLD PRICE PER SQUARE FOOT
10%
0%
12%
8%
TOTAL SFH SOLD
26%
-100%
25%
30%
TOTAL SFH FOR SALE AT END OF PERIOD
11%
0%
-17%
38%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-12%
0%
-34%
6%
1%
-100%
0%
1%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
44
PACIFIC PALISADES
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Pacific Palisades there were 38 single family home sales in May 2015, up from 29 in May 2014 and a 5% decrease from the 40 sales closed last month. The average list price for single family home sales in May 2015 was $3,704,395 compared to $3,048,448 for May 2014, representing a 22% increase. For the three-month period from March to May 2015, the average list price was 8% higher than the same period of the prior year. Average sales price for May 2015 was $3,729,891, compared to that of March through May 2015, which was $3,712,900. These results indicate that the sale price is trending up. Comparing May 2015 to April 2015, Pacific Palisades saw a 13% increase in average sale price, and a 24% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,072,325
$756,780
$1,297,714
$-
$568.22
$477.64
$616.95
$-
$1,079,750
$764,000
$1,305,286
$-
$572.15
$482.20
$620.55
$-
TOTAL CONDOS SOLD
12
5
7
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
16
13
3
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
4.0
7.8
1.3
-
101%
101%
101%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2014
$928,940
$676,661
$1,433,500
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$539.48
$473.66
$614.51
$-
AVERAGE SOLD PRICE
$924,215
$680,698
$1,411,250
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$536.89
$477.17
$604.97
$-
24
16
8
-
AVERAGE LIST PRICE
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
16
13
3
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.0
2.4
1.1
-
99%
101%
98%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
15%
12%
-9%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
5%
1%
0%
0%
AVERAGE SOLD PRICE
17%
12%
-8%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
7%
1%
3%
0%
-50%
-69%
-13%
0%
0%
0%
0%
0%
100%
220%
14%
0%
1%
0%
2%
0%
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY 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) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,278,153
$883,325
$1,460,381
$-
$691.59
$723.11
$683.55
$-
$1,296,360
$900,667
$1,478,987
$-
$701.23
$736.38
$692.26
$-
TOTAL SFH SOLD
95
30
65
-
TOTAL SFH FOR SALE AT END OF PERIOD
43
17
26
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.4
1.7
1.2
-
101%
102%
101%
0%
ALL
< $1M
$1M - $3M
> $3M
$1,136,391
$786,009
$1,427,253
$2,995,000
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR - MAY 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
$644.94
$660.38
$635.22
$680.68
$1,159,595
$799,868
$1,457,465
$3,100,000
$658.98
$671.53
$650.28
$704.55
TOTAL SFH SOLD
85
41
43
1
TOTAL SFH FOR SALE AT END OF PERIOD
49
20
29
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.7
1.5
2.0
-
102%
102%
102%
104%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
12%
12%
2%
-100%
AVERAGE LIST PRICE PER SQUARE FOOT
7%
9%
8%
-100%
AVERAGE SOLD PRICE
12%
13%
1%
-100%
AVERAGE SOLD PRICE PER SQUARE FOOT
6%
10%
6%
-100%
TOTAL SFH SOLD
12%
-27%
51%
-100%
TOTAL SFH FOR SALE AT END OF PERIOD
-12%
-15%
-10%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-21%
16%
-41%
0%
-1%
0%
-1%
-100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
46
PALMS - MAR VISTA
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Palms - Mar Vista there were 37 single family home sales in May 2015, up from 29 in May 2014 and a 9% increase from the 34 sales closed last month. The average list price for single family home sales in May 2015 was $1,235,275 compared to $1,063,379 for May 2014, representing a 16% increase. For the three-month period from March to May 2015, the average list price was 12% higher than the same period of the prior year. Average sales price for May 2015 was $1,269,731, compared to that of March through May 2015, which was $1,296,360. These results indicate that the sale price is trending down. Comparing May 2015 to April 2015, Palms - Mar Vista saw a 4% decrease in average sale price, but a 18% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR - MAY 2015
$521,807
$521,807
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$475.28
$475.28
$-
$-
AVERAGE SOLD PRICE
$528,654
$528,654
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$482.52
$482.52
$-
$-
29
29
-
-
8
8
-
-
0.8
0.8
-
-
101%
101%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$510,621
$486,237
$1,169,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$438.09
$429.00
$574.73
$-
AVERAGE SOLD PRICE
$510,054
$488,204
$1,100,000
$-
$437.60
$430.74
$540.81
$-
28
27
1
-
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2014
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
2.9
2.9
3.0
-
100%
100%
94%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
2%
7%
-100%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
8%
11%
-100%
0%
AVERAGE SOLD PRICE
4%
8%
-100%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
10%
12%
-100%
0%
4%
7%
-100%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-70%
-69%
-100%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-71%
-71%
-100%
0%
1%
1%
-100%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
47
PLAYA DEL REY
SINGLE FAMILY HOME SALES Playa Del Rey is a bedroom community along the beach, south and adjacent to the Marina Del Rey harbor channel. Its early history dates back to a land grant in 1839 from the Mexican governor. Today Playa Del Rey real estate includes a mix of 1920’s homes, beach cottages from the 1940’s and multi-million dollar elegant new houses. Only 10 minutes from Los Angeles International Airport, Playa Del Rey also is home to Dockweiler Beach Park, a popular short term camping area for recreational vehicles. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,244,273
$859,000
$2,233,667
$3,725,000
$532.54
$447.63
$523.16
$610.66
$2,138,636
$840,000
$2,115,000
$3,650,000
$509.32
$437.73
$497.19
$598.36
TOTAL SFH SOLD
11
1
9
1
TOTAL SFH FOR SALE AT END OF PERIOD
4
-
4
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.1
-
1.3
-
95%
98%
95%
98%
ALL
< $1M
$1M - $3M
> $3M
$1,531,533
$944,500
$1,374,500
$5,450,000
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR - MAY 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$496.85
$445.57
$510.74
$502.49
$1,507,000
$928,750
$1,379,000
$5,100,000 $470.22
$488.89
$438.14
$512.41
TOTAL SFH SOLD
15
4
10
1
TOTAL SFH FOR SALE AT END OF PERIOD
16
1
13
2
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.2
0.8
3.9
6.0
98%
98%
100%
94%
ALL
< $1M
$1M - $3M
> $3M
47%
-9%
63%
-32%
7%
0%
2%
22%
42%
-10%
53%
-28%
SFH MAY/MAY COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
4%
0%
-3%
27%
-27%
-75%
-10%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-75%
-100%
-69%
-100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-66%
-100%
-66%
-100%
-3%
-1%
-6%
5%
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL SFH SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
48
PLAYA DEL REY
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Playa Del Rey there were 14 condominium sales in May 2015, up from 7 in May 2014 and a 22% decrease from the 18 sales closed last month. The average list price for condo sales in May 2015 was $463,714 compared to $616,143 for May 2014, representing a 25% decrease. For the three-month period from March to May 2015, the average list price was 15% lower than the same period of the prior year. Average sales price for May 2015 was $477,893, compared to that of March through May 2015, which was $485,786. These results indicate that the sale price is trending down. Comparing May 2015 to April 2015, Playa Del Rey was flat in average sale price, but a 20% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$479,979
$479,979
$-
$-
$475.85
$475.85
$-
$-
$485,786
$485,786
$-
$-
$481.60
$481.60
$-
$-
TOTAL CONDOS SOLD
47
47
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
11
8
3
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
0.7
0.5
-
-
101%
101%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$563,812
$518,929
$1,259,500
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$468.93
$442.59
$756.46
$-
$552,962
$509,282
$1,230,000
$-
$459.91
$434.36
$738.74
$-
33
31
2
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2014
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
27
25
2
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.5
2.4
3.0
-
98%
98%
98%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAY/MAY COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
ALL
< $1M
$1M - $3M
> $3M
-15%
-8%
-100%
0%
1%
8%
-100%
0%
-12%
-5%
-100%
0%
5%
11%
-100%
0%
TOTAL CONDOS SOLD
42%
52%
-100%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-59%
-68%
50%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-71%
-79%
-100%
0%
3%
3%
-100%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
49
PLAYA VISTA
SINGLE FAMILY HOME SALES Playa Vista, bordered by Marina Del Rey, Loyola Marymount University and Westchester, was recognized in1998 as one of the most technologically advanced communities ever planned and has led the nation as an early model for sustainable development. With a range of properties from luxury to affordable, Playa Vista features an array of parks, recreational amenities and a wildlife preserve. Playa Vista is a fully connected community with complete broadband and telecommunications capabilities and is home to gaming giants Electronic Arts and the architectural firm of Frank Gehry. The area features a mix of luxury and affordable housing. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,802,800
$-
$1,802,800
$-
$488.80
$-
$488.80
$-
$1,801,300
$-
$1,801,300
$-
$488.40
$-
$488.40
$-
TOTAL SFH SOLD
5
-
5
-
TOTAL SFH FOR SALE AT END OF PERIOD
3
-
3
-
1.8
-
1.8
-
100%
0%
100%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR - MAY 2014
ALL
< $1M
$1M - $3M
> $3M
$1,000,000
$-
$1,000,000
$-
$362.58
$-
$362.58
$-
$1,000,000
$-
$1,000,000
$-
$362.58
$-
$362.58
$-
TOTAL SFH SOLD
1
-
1
-
TOTAL SFH FOR SALE AT END OF PERIOD
6
-
6
-
18.0
-
18.0
-
100%
0%
100%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
80%
0%
80%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
35%
0%
35%
0%
AVERAGE SOLD PRICE
80%
0%
80%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
35%
0%
35%
0%
400%
0%
400%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-50%
0%
-50%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-90%
0%
-90%
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 MAY/MAY COMPARISON
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 | TOPANGA sothebyshomes.com/losangeles
50
PLAYA VISTA
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Playa Vista there were 10 condominium sales in May 2015, up from 8 in May 2014 and a 23% decrease from the 13 sales closed last month. The average list price for condo sales in May 2015 was $975,560 compared to $717,991 for May 2014, representing a 36% increase. For the three-month period from March to May 2015, the average list price was 16% higher than the same period of the prior year. Average sales price for May 2015 was $955,650, compared to that of March through May 2015, which was $815,864. These results indicate that the sale price is trending up. Comparing May 2015 to April 2015, Playa Vista saw a 26% increase in average sale price, and a 32% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2015
ALL
< $1M
$1M - $3M
> $3M
$820,645
$760,848
$1,747,500
$-
$511.20
$493.59
$673.28
$-
AVERAGE SOLD PRICE
$815,864
$761,081
$1,665,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$508.22
$493.74
$641.49
$-
33
31
2
-
5
4
1
-
0.5
0.4
1.5
-
99%
100%
95%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$704,997
$687,354
$1,199,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$455.98
$461.46
$383.07
$-
AVERAGE SOLD PRICE
$710,859
$693,212
$1,205,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$459.77
$465.39
$384.98
$-
29
28
1
-
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
CONDOS MAR - MAY 2014
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
25
21
4
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.6
2.3
12.0
-
101%
101%
101%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
16%
11%
46%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
12%
7%
76%
0%
AVERAGE SOLD PRICE
15%
10%
38%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
11%
6%
67%
0%
14%
11%
100%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-80%
-81%
-75%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-82%
-83%
-88%
0%
-1%
-1%
-5%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
51
SANTA MONICA
SINGLE FAMILY HOME SALES Santa Monica offers more than simply a home. There are fishing and yacht clubs and exquisite fine dining right in your own backyard. Santa Monica is located on the Westside of Los Angeles and is comprised of 8.3 square miles of vibrant commercial districts, neighboring residential communities and a terrific public school system. Centered on three miles of wide, white, sandy beaches, Santa Monica has become a popular international destination, with many attractions such as The Santa Monica pier, Third Street Promenade, Main Street, and the ultra chic Montana Avenue. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,580,500
$729,000
$1,794,617
$4,519,900
$1,143.60
$1,168.27
$1,047.25
$1,242.08
$2,640,941
$762,000
$1,855,783
$4,580,011
$1,170.92
$1,221.15
$1,088.08
$1,255.33
TOTAL SFH SOLD
68
1
47
20
TOTAL SFH FOR SALE AT END OF PERIOD
51
1
16
34
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.3
3.0
1.0
5.1
102%
105%
103%
101%
ALL
< $1M
$1M - $3M
> $3M
$2,400,831
$947,817
$1,722,143
$4,898,692
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR - MAY 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$949.46
$805.05
$888.15
$1,030.82
$2,419,568
$893,750
$1,830,762
$4,709,040
$944.35
$990.91
$956.03
$759.13
TOTAL SFH SOLD
54
6
35
13
TOTAL SFH FOR SALE AT END OF PERIOD
56
2
29
25
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.1
1.0
2.5
5.8
101%
94%
106%
96%
ALL
< $1M
$1M - $3M
> $3M
SFH MAY/MAY COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
7%
-23%
4%
-8%
20%
45%
18%
20%
9%
-15%
1%
-3%
AVERAGE SOLD PRICE PER SQUARE FOOT
22%
61%
15%
27%
TOTAL SFH SOLD
26%
-83%
34%
54%
AVERAGE SOLD PRICE
TOTAL SFH FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-9%
-50%
-45%
36%
-28%
200%
-59%
-12%
2%
11%
-3%
5% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
52
SANTA MONICA
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Santa Monica there were 48 condominium sales in May 2015, up from 33 in May 2014 and a 23% increase from the 39 sales closed last month. The average list price for condo sales in May 2015 was $1,250,719 compared to $979,630 for May 2014, representing a 28% increase. For the three-month period from March to May 2015, the average list price was 40% higher than the same period of the prior year. Average sales price for May 2015 was $1,266,515, compared to that of March through May 2015, which was $1,280,983. These results indicate that the sale price is trending down. Comparing May 2015 to April 2015, Santa Monica saw a 7% decrease in average sale price, but a 28% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,274,045
$686,385
$1,519,196
$4,525,250
$946.21
$705.71
$976.36
$1,866.85
$1,280,983
$694,712
$1,530,890
$4,425,803
$951.37
$714.27
$983.88
$1,825.83
TOTAL CONDOS SOLD
131
53
74
4
TOTAL CONDOS FOR SALE AT END OF PERIOD
87
30
52
5
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.0
1.7
2.1
3.8
101%
101%
101%
98%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$911,157
$685,604
$1,296,341
$3,897,000
AVERAGE LIST PRICE PER SQUARE FOOT
$683.39
$587.05
$756.60
$1,703.61
AVERAGE SOLD PRICE
$918,576
$696,192
$1,305,586
$3,757,500
AVERAGE SOLD PRICE PER SQUARE FOOT
$690.62
$598.96
$761.99
$1,642.62
107
76
29
2
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2014
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
96
43
44
9
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.7
1.7
4.6
13.5
101%
102%
101%
96%
> $3M
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
40%
0%
17%
16%
AVERAGE LIST PRICE PER SQUARE FOOT
38%
20%
29%
10% 18%
AVERAGE SOLD PRICE
39%
0%
17%
AVERAGE SOLD PRICE PER SQUARE FOOT
38%
19%
29%
11%
TOTAL CONDOS SOLD
22%
-30%
155%
100%
TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
53
-9%
-30%
18%
-44%
-26%
0%
-54%
-72%
0%
0%
0%
1%
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) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$876,471
$676,731
$1,299,846
$4,250,000
$581.51
$550.65
$638.74
$585.72
$890,488
$680,123
$1,336,524
$4,439,776
$592.37
$553.09
$662.98
$611.88
TOTAL SFH SOLD
99
72
26
1
TOTAL SFH FOR SALE AT END OF PERIOD
58
46
12
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.8
1.9
1.4
-
102%
101%
103%
104%
ALL
< $1M
$1M - $3M
> $3M
$860,498
$689,808
$1,279,300
$3,750,000
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR - MAY 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
$492.31
$468.64
$508.32
$830.56
AVERAGE SOLD PRICE
$895,771
$700,102
$1,411,269
$3,500,000
AVERAGE SOLD PRICE PER SQUARE FOOT
$512.22
$475.64
$561.35
$775.19
TOTAL SFH SOLD
87
66
20
1
TOTAL SFH FOR SALE AT END OF PERIOD
46
38
8
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.6
1.7
1.2
-
104%
101%
110%
93%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON AVERAGE LIST PRICE
2%
-2%
2%
13%
AVERAGE LIST PRICE PER SQUARE FOOT
18%
17%
26%
-29%
AVERAGE SOLD PRICE
-1%
-3%
-5%
27%
AVERAGE SOLD PRICE PER SQUARE FOOT
16%
16%
18%
-21%
TOTAL SFH SOLD
14%
9%
30%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
26%
21%
50%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
11%
11%
15%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-2%
-1%
-7%
12% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
54
SILVERLAKE - ECHO PARK
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Silver Lake - Echo Park there were 32 single family home sales in May 2015, down from 34 in May 2014 and a 11% decrease from the 36 sales closed last month. The average list price for single family home sales in May 2015 was $836,858 compared to $958,409 for May 2014, representing a 13% decrease. For the three-month period from March to May 2015, the average list price was 2% higher than the same period of the prior year. Average sales price for May 2015 was $833,249, compared to that of March through May 2015, which was $890,488. These results indicate that the sale price is trending down. Comparing May 2015 to April 2015, Silver Lake - Echo Park saw a 11% decrease in average sale price, and a 18% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR - MAY 2015
$713,783
$693,696
$995,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$468.01
$468.56
$462.79
$-
AVERAGE SOLD PRICE
$716,973
$693,900
$1,040,000
$-
$470.11
$468.69
$483.72
$-
TOTAL CONDOS SOLD
15
14
1
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
6
6
-
-
1.2
1.3
-
-
100%
100%
105%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2014
$454,575
$454,575
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$396.47
$396.47
$-
$-
AVERAGE SOLD PRICE
$454,781
$454,781
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$396.65
$396.65
$-
$-
16
16
-
-
AVERAGE LIST PRICE
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3
3
-
0.6
0.6
-
-
100%
100%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
57%
53%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
18%
18%
0%
0%
AVERAGE SOLD PRICE
58%
53%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
19%
18%
0%
0%
-6%
-13%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
100%
100%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
113%
129%
0%
0%
0%
0%
0%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
55
SUNSET STRIP-HOLLYWOOD HILLS SINGLE FAMILY HOME SALES The Sunset Strip is the world famous stretch of Sunset Boulevard in West Hollwood that stretches from Hollywood to Beverly Hills. The Strip, which includes Sunset Plaza, is known for its famous collection of shops and boutiques, cafes and restaurants, rock joints, and night clubs. It is easily idenifiable with its colorful collection of billboards and is located at the base of the Hollywood Hills and is just below the famed “Bird Streets” – from Blue Jay, Tanager and Thrush Ways to Nightingale, and Kinglet Drives - a favorite area of A-List celebrities from Hollywood stars to the most well known international music acts to call home. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,279,772
$817,042
$1,739,952
$5,767,968
$844.35
$641.12
$780.80
$1,057.61
$2,232,899
$807,688
$1,721,200
$5,576,034
$830.19
$635.71
$773.39
$1,024.70
TOTAL SFH SOLD
111
18
74
19
TOTAL SFH FOR SALE AT END OF PERIOD
207
16
100
91
AVERAGE MONTHLY SUPPLY OF INVENTORY
5.6
2.7
4.1
14.4
98%
99%
99%
97%
ALL
< $1M
$1M - $3M
> $3M
$2,373,083
$772,935
$1,804,784
$5,898,526
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR - MAY 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
$815.09
$608.58
$720.28
$1,107.35
$2,268,927
$750,470
$1,778,296
$5,435,138
$798.16
$590.89
$709.62
$1,075.56
TOTAL SFH SOLD
106
17
70
19
TOTAL SFH FOR SALE AT END OF PERIOD
201
23
111
67
5.7
4.1
4.8
10.6
96%
97%
99%
92%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
-4%
6%
-4%
-2%
AVERAGE LIST PRICE PER SQUARE FOOT
4%
5%
8%
-4%
AVERAGE SOLD PRICE
-2%
8%
-3%
3%
AVERAGE SOLD PRICE PER SQUARE FOOT
4%
8%
9%
-5%
TOTAL SFH SOLD
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON
5%
6%
6%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
3%
-30%
-10%
36%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-2%
-34%
-15%
36%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2%
2%
0%
5% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
56
CONDOMINIUM SALES
SUNSET STRIP - HOLLYWOOD HILLS
MAY MARKET OVERVIEW In Sunset Strip - Hollywood Hills West there were 46 single family home sales in May 2015, up from 35 in May 2014 and a 21% increase from the 38 sales closed last month. The average list price for single family home sales in May 2015 was $2,504,395 compared to $2,640,829 for May 2014, representing a 5% decrease. For the three-month period from March to May 2015, the average list price was 4% lower than the same period of the prior year. Average sales price for May 2015 was $2,460,127, compared to that of March through May 2015, which was $2,232,899. These results indicate that the sale price is trending up. Comparing May 2015 to April 2015, Sunset Strip - Hollywood Hills West saw a 27% increase in average sale price, and a 1% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$656,458
$509,329
$1,149,000
$3,695,000
$575.06
$470.71
$578.55
$2,142.03
$641,528
$501,239
$1,100,000
$3,550,000
$561.99
$463.23
$553.88
$2,057.97
TOTAL CONDOS SOLD
26
24
1
1
TOTAL CONDOS FOR SALE AT END OF PERIOD
26
21
5
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.0
2.6
15.0
-
98%
98%
96%
96%
ALL
< $1M
$1M - $3M
> $3M $3,395,000
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2014
$665,358
$494,085
$1,875,000
AVERAGE LIST PRICE PER SQUARE FOOT
$556.32
$428.09
$1,515.76
$1,603.68
AVERAGE SOLD PRICE
$665,612
$493,057
$1,800,000
$3,500,000
AVERAGE SOLD PRICE PER SQUARE FOOT
$556.53
$427.19
$1,455.13
$1,653.28
25
23
1
1 -
AVERAGE LIST PRICE
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
27
25
2
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.2
3.3
6.0
-
100%
100%
96%
103%
> $3M
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
-1%
3%
-39%
9%
AVERAGE LIST PRICE PER SQUARE FOOT
3%
10%
-62%
34%
AVERAGE SOLD PRICE
-4%
2%
-39%
1%
AVERAGE SOLD PRICE PER SQUARE FOOT
1%
8%
-62%
24%
TOTAL CONDOS SOLD
4%
4%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-4%
-16%
150%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-7%
-20%
150%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-2%
-1%
0%
-7%
(Source: MLS/CLAW)
57
TOPANGA
SINGLE FAMILY HOME SALES Located in the Santa Monica Mountains, Topanga is bound on three sides by state park or conservancy lands and on the south by a strip of Malibu and the Pacific Ocean. Located to the east is Pacific Palisades. In Topanga, the area is primarily zoned for commercial usage and home to many established businesses. There is one small street off the Pacific Coast Highway that is lined with single family homes. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,155,736
$741,967
$1,334,238
$3,545,000
$514.44
$497.66
$497.78
$571.59
$1,140,992
$724,228
$1,375,423
$3,329,000 $536.76
$507.71
$484.97
$513.15
TOTAL SFH SOLD
25
15
8
2
TOTAL SFH FOR SALE AT END OF PERIOD
55
18
33
4
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
6.6
3.6
12.4
6.0
99%
98%
103%
94%
ALL
< $1M
$1M - $3M
> $3M
$1,115,113
$761,306
$1,555,500
$2,199,000
SFH MAR - MAY 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
$599.13
$652.07
$579.29
$502.86
$1,128,505
$729,870
$1,547,583
$3,275,000
$606.46
$623.81
$576.35
$748.91
31
18
12
1
TOTAL SFH FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
101%
96%
99%
149%
ALL
< $1M
$1M - $3M
> $3M
TOTAL SFH SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON
4%
-3%
-14%
61%
-14%
-24%
-14%
14%
1%
-1%
-11%
2%
AVERAGE SOLD PRICE PER SQUARE FOOT
-16%
-22%
-11%
-28%
TOTAL SFH SOLD
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
-19%
-17%
-33%
100%
TOTAL SFH 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
-2%
2%
4%
-37% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
58
TOPANGA
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Topanga there were 6 single family home sales in May 2015, down from 9 in May 2014 and a 50% decrease from the 12 sales closed last month. The average list price for single family home sales in May 2015 was $1,289,250 compared to $1,169,111 for May 2014, representing a 10% increase. For the three-month period from March to May 2015, the average list price was 4% higher than the same period of the prior year. Average sales price for May 2015 was $1,245,231, compared to that of March through May 2015, which was $1,140,992. These results indicate that the sale price is trending up. Comparing May 2015 to April 2015, Topanga saw a 25% increase in average sale price, but a 2% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$251,150
$251,150
$-
$-
$179.78
$179.78
$-
$-
$239,855
$239,855
$-
$-
$171.69
$171.69
$-
$-
TOTAL CONDOS SOLD
2
2
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
96%
96%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
$245,000
$245,000
$-
$-
$182.29
$182.29
$-
$-
$295,000
$295,000
$-
$-
$219.49
$219.49
$-
$-
1
1
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
120%
120%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
3%
3%
0%
0%
-1%
-1%
0%
0%
-19%
-19%
0%
0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAY/MAY COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
-22%
-22%
0%
TOTAL CONDOS SOLD
100%
100%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
0%
0%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
0%
0%
0%
0%
-21%
-21%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
59
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) MAR - MAY 2015
ALL
< $1M
$1M - $3M
> $3M
$2,134,088
$-
$1,803,085
$3,656,700
AVERAGE LIST PRICE PER SQUARE FOOT
$1,034.99
$-
$1,006.31
$1,099.33
AVERAGE SOLD PRICE
$2,118,180
$-
$1,809,849
$3,536,500
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE LIST PRICE
$1,029.19
$-
$1,014.03
$1,063.19
TOTAL SFH SOLD
56
-
46
10
TOTAL SFH FOR SALE AT END OF PERIOD
44
1
38
5
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.4
-
2.5
1.5
99%
0%
100%
97%
ALL
< $1M
$1M - $3M
> $3M
$1,931,587
$886,000
$1,688,123
$5,898,750
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR - MAY 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$901.64
$966.98
$879.80
$974.84
$1,897,483
$887,000
$1,669,501
$5,643,750
$870.10
$932.70 4
$885.72
$968.08
TOTAL SFH SOLD
56
4
48
TOTAL SFH FOR SALE AT END OF PERIOD
37
3
30
4
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.0
2.3
1.9
3.0
98%
100%
99%
96%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
10%
-100%
7%
-38%
AVERAGE LIST PRICE PER SQUARE FOOT
15%
-100%
14%
13%
AVERAGE SOLD PRICE
12%
-100%
8%
-37%
AVERAGE SOLD PRICE PER SQUARE FOOT
16%
-100%
17%
14%
TOTAL SFH SOLD
0%
-100%
-4%
150%
TOTAL SFH FOR SALE AT END OF PERIOD
19%
-67%
27%
25%
AVERAGE MONTHLY SUPPLY OF INVENTORY
19%
-100%
32%
-50%
1%
-100%
1%
1%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
60
VENICE
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Venice there were 16 single family home sales in May 2015, down from 27 in May 2014 and a 24% decrease from the 21 sales closed last month. The average list price for single family home sales in May 2015 was $2,190,563 compared to $1,789,404 for May 2014, representing a 22% increase. For the three-month period from March to May 2015, the average list price was 10% higher than the same period of the prior year. Average sales price for May 2015 was $2,193,691, compared to that of March through May 2015, which was $2,118,180. These results indicate that the sale price is trending up. Comparing May 2015 to April 2015, Venice was flat in average sale price, but a 23% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2015
ALL
< $1M
$1M - $3M
> $3M
$1,157,222
$779,200
$1,629,750
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$803.25
$750.53
$838.46
$-
AVERAGE SOLD PRICE
$1,187,111
$831,800
$1,631,250
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE LIST PRICE
$824.00
$801.19
$839.23
$-
TOTAL CONDOS SOLD
9
5
4
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
13
2
11
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
4.3
1.2
8.3
-
103%
107%
100%
0%
ALL
< $1M
$1M - $3M
> $3M
$1,106,600
$688,001
$1,385,667
$-
$781.66
$597.61
$870.39
$-
$1,119,730
$702,500
$1,397,883
$-
$790.94
$610.21
$878.07
$-
10
4
6
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
7
3
4
2.1
2.3
2.0
-
101%
102%
101%
0%
ALL
< $1M
$1M - $3M
> $3M
5%
13%
18%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
3%
26%
-4%
0%
AVERAGE SOLD PRICE
6%
18%
17%
0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAY/MAY COMPARISON AVERAGE LIST PRICE
4%
31%
-4%
TOTAL CONDOS SOLD
-10%
25%
-33%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
86%
-33%
175%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
106%
-47%
313%
0%
1%
5%
-1%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
61
WESTCHESTER
SINGLE FAMILY HOME SALES Westchester is a neighborhood in the city of Los Angeles known for its secluded character and recent real estate growth. The main part of Westchester is flanked by Playa Vista and Culver City on the north, Inglewood and Lennox on the east, Del Aire and El Segundo on the south and Playa del Rey on the west. It includes all of the Los Angeles International Airport and is the home of Loyola Marymount University, the Otis College of Art and Design, and Westchester Enriched Sciences Magnet Schools. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAR - MAY 2015
ALL
< $1M
$1M - $3M
> $3M
$990,765
$808,509
$1,276,300
$-
$544.32
$554.81
$534.53
$-
$1,007,728
$825,756
$1,292,817
$-
$553.74
$566.90
$541.45
$-
77
47
30
-
TOTAL SFH FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
102%
102%
101%
0%
AVERAGE LIST PRICE 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 MAR - MAY 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
ALL
< $1M
$1M - $3M
> $3M
$894,484
$772,631
$1,367,559
$-
$484.73
$504.94
$445.60
$-
$899,883
$780,989
$1,361,471
$-
$487.65
$510.40
$443.61
$-
83
66
17
-
TOTAL SFH FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
101%
101%
100%
0%
ALL
< $1M
$1M - $3M
> $3M
TOTAL SFH SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON AVERAGE LIST PRICE
11%
5%
-7%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
12%
10%
20%
0%
AVERAGE SOLD PRICE
12%
6%
-5%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
14%
11%
22%
0%
TOTAL SFH SOLD
-7%
-29%
76%
0%
TOTAL SFH 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
1%
1%
2%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
62
WESTCHESTER
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Westchester there were 25 single family home sales in May 2015, down from 33 in May 2014 and a 14% decrease from the 29 sales closed last month. The average list price for single family home sales in May 2015 was $995,920 compared to $926,988 for May 2014, representing a 7% increase. For the three-month period from March to May 2015, the average list price was 11% higher than the same period of the prior year. Average sales price for May 2015 was $1,014,893, compared to that of March through May 2015, which was $1,007,728. These results indicate that the sale price is trending up. Comparing May 2015 to April 2015, Westchester saw a 2% decrease in average sale price, but a 9% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$438,325
$438,325
$-
$-
$370.34
$370.34
$-
$-
$442,908
$442,908
$-
$-
$374.21
$374.21
$-
$-
TOTAL CONDOS SOLD
12
12
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
5
5
-
-
1.3
1.3
-
-
101%
101%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
$398,555
$398,555
$-
$-
$362.21
$362.21
$-
$-
$402,286
$402,286
$-
$-
$365.60
$365.60
$-
$-
14
14
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
101%
101%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
10%
10%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAY/MAY COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
2%
2%
0%
0%
AVERAGE SOLD PRICE
10%
10%
0%
0% 0%
2%
2%
0%
-14%
-14%
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%
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
(Source: MLS/CLAW)
63
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) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,816,305
$898,000
$1,773,929
$3,751,750
$862.05
$738.40
$908.90
$718.08
$1,799,405
$882,714
$1,764,613
$3,673,250
$855.98
$725.83
$905.56
$703.02
TOTAL SFH SOLD
42
7
31
4
TOTAL SFH FOR SALE AT END OF PERIOD
25
4
17
4
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.8
1.7
1.6
3.0
99%
98%
99%
98%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR - MAY 2014
ALL
< $1M
$1M - $3M
> $3M
$1,444,211
$819,750
$1,548,288
$-
$802.47
$715.78
$813.49
$-
$1,439,751
$802,250
$1,546,001
$-
$801.98
$700.50
$814.88
$-
TOTAL SFH SOLD
28
4
24
-
TOTAL SFH FOR SALE AT END OF PERIOD
27
5
21
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
2.9
3.8
2.6
-
100%
98%
100%
0%
ALL
< $1M
$1M - $3M
> $3M
26%
10%
15%
0%
7%
3%
12%
0%
25%
10%
14%
0%
7%
4%
11%
0%
50%
75%
29%
0%
SFH MAY/MAY COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL SFH SOLD TOTAL SFH FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-7%
-20%
-19%
300%
-38%
-54%
-37%
0%
-1%
0%
0%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
64
WEST HOLLYWOOD
CONDOMINIUM SALES MAY MARKET OVERVIEW
In West Hollywood Vicinity there were 41 condominium sales in May 2015, up from 35 in May 2014 and a 24% increase from the 33 sales closed last month. The average list price for condo sales in May 2015 was $760,339 compared to $671,569 for May 2014, representing a 13% increase. For the three-month period from March to May 2015, the average list price was 5% higher than the same period of the prior year. Average sales price for May 2015 was $745,570, compared to that of March through May 2015, which was $703,418. These results indicate that the sale price is trending up. Comparing May 2015 to April 2015, West Hollywood Vicinity saw a 13% increase in average sale price, and a 10% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR - MAY 2015
$711,064
$618,709
$1,187,423
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$613.78
$581.61
$717.80
$-
AVERAGE SOLD PRICE
$703,418
$614,378
$1,162,678
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$-
$607.27
$577.71
$702.84
TOTAL CONDOS SOLD
117
98
19
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
73
52
20
1
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
1.9
1.6
3.2
-
99%
99%
98%
0%
ALL
< $1M
$1M - $3M
> $3M
$675,967
$609,117
$1,271,545
$-
$574.40
$541.83
$764.44
$-
$672,801
$607,740
$1,252,432
$-
$571.82
$540.79
$752.95
$-
109
98
11
-
CONDOS MAR - MAY 2014 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
89
75
14
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.4
2.3
3.8
-
100%
100%
98%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
5%
2%
-7%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
7%
7%
-6%
0%
AVERAGE SOLD PRICE
5%
1%
-7%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
6%
7%
-7%
0%
7%
0%
73%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-18%
-31%
43%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-24%
-31%
-17%
0%
-1%
0%
-1%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
65
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) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR - MAY 2015
$952,121
$811,793
$1,186,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$638.42
$743.95
$549.50
$-
AVERAGE SOLD PRICE
$983,014
$848,700
$1,206,871
$-
$659.13
$777.77
$559.17
$-
TOTAL SFH SOLD
24
15
9
-
TOTAL SFH FOR SALE AT END OF PERIOD
15
9
6
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.9
1.8
2.0
-
103%
105%
102%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR - MAY 2014
ALL
< $1M
$1M - $3M
> $3M
$880,331
$761,754
$1,253,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$572.25
$586.17
$547.40
$-
AVERAGE SOLD PRICE
$890,317
$770,023
$1,268,385
$-
$578.74
$592.53
$554.12
$-
TOTAL SFH SOLD
29
22
7
-
TOTAL SFH FOR SALE AT END OF PERIOD
19
13
6
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.0
1.8
2.6
-
101%
101%
101%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON AVERAGE LIST PRICE
8%
7%
-5%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
12%
27%
0%
0%
AVERAGE SOLD PRICE
10%
10%
-5%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
14%
31%
1%
0%
TOTAL SFH SOLD
-17%
-32%
29%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-21%
-31%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-5%
2%
-22%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2%
3%
1%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
66
WEST LOS ANGELES
CONDOMINIUM SALES MAY MARKET OVERVIEW
In West Los Angeles there were 14 condominium sales in May 2015, up from 13 in May 2014 and a 36% decrease from the 22 sales closed last month. The average list price for condo sales in May 2015 was $675,500 compared to $627,988 for May 2014, representing an 8% increase. For the three-month period from March to May 2015, the average list price was 11% higher than the same period of the prior year. Average sales price for May 2015 was $679,607, compared to that of March through May 2015, which was $683,725. These results indicate that the sale price is trending down. Comparing May 2015 to April 2015, West Los Angeles saw a 3% decrease in average sale price, but a 9% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR - MAY 2015
$675,667
$664,896
$1,225,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$476.95
$475.45
$522.83
$-
AVERAGE SOLD PRICE
$683,725
$677,034
$1,025,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$482.64
$484.12
$437.47
$-
TOTAL CONDOS SOLD
52
51
1
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
17
16
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.0
0.9
3.0
-
101%
102%
84%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2014
$608,005
$608,005
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$489.24
$489.24
$-
$-
AVERAGE SOLD PRICE
$606,571
$606,571
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$488.20
$488.20
$-
$-
51
51
-
-
AVERAGE LIST PRICE
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
37
36
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.2
2.1
-
-
100%
100%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
11%
9%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
-3%
-3%
0%
0%
AVERAGE SOLD PRICE
13%
12%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
-1%
-1%
0%
0%
2%
0%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-54%
-56%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-55%
-56%
0%
0%
1%
2%
0%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
67
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) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,162,833
$900,000
$1,724,931
$4,489,833
$766.03
$623.27
$713.37
$891.40
$2,172,771
$900,000
$1,754,401
$4,407,021
$770.51
$623.27
$727.24
$874.96
TOTAL SFH SOLD
36
1
29
6
TOTAL SFH FOR SALE AT END OF PERIOD
25
-
17
8
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.1
-
1.8
4.0
100%
100%
102%
98%
ALL
< $1M
$1M - $3M
> $3M
$2,000,718
$1,050,000
$1,710,242
$4,108,000
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR - MAY 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$721.62
$754.85
$683.39
$846.07
$2,059,297
$990,000
$1,783,229
$4,095,200 $843.43
$743.28
$711.72
$713.52
TOTAL SFH SOLD
39
1
33
5
TOTAL SFH FOR SALE AT END OF PERIOD
36
1
27
8
AVERAGE SOLD PRICE PER SQUARE FOOT
2.8
3.0
2.5
4.8
103%
94%
104%
100%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
8%
-14%
1%
9%
AVERAGE LIST PRICE PER SQUARE FOOT
6%
-17%
4%
5%
AVERAGE SOLD PRICE
6%
-9%
-2%
8%
AVERAGE SOLD PRICE PER SQUARE FOOT
4%
-12%
2%
4%
TOTAL SFH SOLD
-8%
0%
-12%
20%
TOTAL SFH FOR SALE AT END OF PERIOD
-31%
-100%
-37%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-25%
-100%
-28%
-17%
-2%
6%
-2%
-2%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
68
WESTWOOD - CENTURY CITY
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Westwood - Century City there were 40 condominium sales in May 2015, down from 44 in May 2014 and a 30% decrease from the 57 sales closed last month. The average list price for condo sales in May 2015 was $1,072,297 compared to $1,135,270 for May 2014, representing a 6% decrease. For the three-month period from March to May 2015, the average list price was 5% lower than the same period of the prior year. Average sales price for May 2015 was $1,013,731, compared to that of March through May 2015, which was $1,067,588. These results indicate that the sale price is trending down. Comparing May 2015 to April 2015, Westwood - Century City saw a 12% decrease in average sale price, and a 9% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,116,982
$665,296
$1,646,077
$4,219,000
$658.50
$495.92
$677.36
$1,233.59
$1,067,588
$659,114
$1,570,923
$3,814,091 $1,115.20
$630.81
$494.42
$645.47
TOTAL CONDOS SOLD
143
106
26
11
TOTAL CONDOS FOR SALE AT END OF PERIOD
173
86
60
27
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.6
2.4
6.9
7.4
96%
99%
95%
90%
ALL
< $1M
$1M - $3M
> $3M
$1,177,137
$673,163
$1,962,480
$4,757,500
$688.70
$482.35
$795.62
$1,456.76
$1,137,313
$662,821
$1,837,004
$4,607,500
CONDOS MAR - MAY 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$665.40
$474.94
$744.75
$1,410.83
TOTAL CONDOS SOLD
145
110
25
10
TOTAL CONDOS FOR SALE AT END OF PERIOD
210
109
66
35
AVERAGE MONTHLY SUPPLY OF INVENTORY
4.3
3.0
7.9
10.5
97%
98%
94%
97%
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
-5%
-1%
-16%
-11%
AVERAGE LIST PRICE PER SQUARE FOOT
-4%
3%
-15%
-15%
AVERAGE SOLD PRICE
-6%
-1%
-14%
-17%
AVERAGE SOLD PRICE PER SQUARE FOOT
-5%
4%
-13%
-21%
-1%
-4%
4%
10%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-18%
-21%
-9%
-23%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-16%
-18%
-13%
-30%
-1%
1%
2%
-7%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
69