Bel Air, CA | web: 0355643
Greater Los Angeles Market Update 3-Month Ending May 2016
Beverly Hills | Brentwood | Los Feliz | Malibu Pacific Palisades | Santa Monica | Sunset Strip | Topanga sothebyshomes.com/socal
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/socal 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
MALIBU, CA web: 0343902 | $8,995,000 Very beautiful 4-bedroom home on sough-after, sandy La Costa Beach. Malibu - Cross Creek Brokerage Kate Novotny | 310.924.9337
LOS FELIZ, CA web: 0286642 | $6,545,000 Captivating and elegant English Norman estate in its purest architectural form. Los Feliz Brokerage Konstantine Valissarakos | 323.252.9451 Charles Clark | 323.304.5276
HOLLYWOOD HILLS, CA web: 0308698 | $4,995,000 An ultra-modern tour de force of design and luxury in the epicenter of the Sunset Strip. Sunset Strip Brokerage Lee Wasser | 310.770.0729
BEL AIR - HOLMBY HILLS
SINGLE FAMILY HOME SALES
Bel Air is encompassed by a prestigious and well-known pocket of Los Angeles known as the Golden Triangle, including Bel Air, Beverly Hills and Holmby Hills. Bel Air real estate is tucked along the foothills of a section of the Santa Monica Mountains on the north side and borders UCLA and Sunset Boulevard to the south. Bel Air is approx. 12 miles from Downtown LA, minutes from the 405 freeway and close to the quaint Bel Air Hotel, yet it provides a feeling of serenity and ever sought-after escape from metropolitan life. Homes vary from original ranch style and modest one half stories to mansions with gorgeous views of the canyon and city lights. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAR - MAY 2016 AVERAGE LIST PRICE
ALL
< $1M
$1M - $3M
> $3M
$3,897,096
$776,333
$1,845,613
$9,122,167
$1,134.16
$657.17
$699.84
$1,591.79
AVERAGE SOLD PRICE
$3,517,901
$746,667
$1,836,777
$7,853,146
AVERAGE SOLD PRICE PER SQUARE FOOT
$1,023.81
$632.05
$696.49
$1,370.35
41
3
26
12
204
2
67
135
AVERAGE LIST 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
14.9
2.0
7.7
33.8
90%
96%
100%
86%
ALL
< $1M
$1M - $3M
> $3M
$6,871,160
$696,500
$1,957,359
$14,683,059
SFH MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$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
5.9
1.5
3.3
10.2
85%
101%
101%
82%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
-43%
11%
-6%
-38%
AVERAGE LIST PRICE PER SQUARE FOOT
-17%
7%
8%
-8%
AVERAGE SOLD PRICE
-40%
7%
-7%
-35%
AVERAGE SOLD PRICE PER SQUARE FOOT
-12%
3%
6%
-3%
TOTAL SFH SOLD
-5%
-25%
18%
-29%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON
TOTAL SFH FOR SALE AT END OF PERIOD
143%
0%
179%
133%
AVERAGE MONTHLY SUPPLY OF INVENTORY
155%
33%
136%
230%
6%
-4%
-2%
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
4
BEL AIR - HOLMBY HILLS
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Bel Air - Holmby Hills there were 16 single family home sales in May 2016, up from 14 in May 2015 and a similar performance from the 16 sales closed last month. The average list price for single family home sales in May 2016 was $5,703,375 compared to $4,412,357 for May 2015, representing a 29% increase. For the three-month period from March to May 2016, the average list price was 43% lower than the same period of the prior year. Average sales price for May 2016 was $4,832,188, compared to that of March through May 2016, which was $3,517,901. These results indicate that the sale price is trending up. Comparing May 2016 to April 2016, Bel Air - Holmby Hills saw a 88% increase in average sale price, and a 17% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$912,390
$721,317
$1,199,000
$-
$456.01
$478.33
$437.59
$-
$856,600
$694,333
$1,100,000
$-
$428.13
$460.43
$401.46
$-
TOTAL CONDOS SOLD
5
3
2
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
3
1
2
-
1.8
1.0
3.0
-
94%
96%
92%
0%
ALL
< $1M
$1M - $3M
> $3M
$634,667
$634,667
$-
$-
$333.22
$333.22
$-
$-
$626,833
$626,833
$-
$-
$329.10
$329.10
$-
$-
3
3
-
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2015 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
3
2
1
3.0
2.0
-
-
99%
99%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
44%
14%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
37%
44%
0%
0%
AVERAGE SOLD PRICE
37%
11%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
30%
40%
0%
0%
TOTAL CONDOS SOLD
67%
0%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
0%
-50%
100%
0%
-40%
-50%
0%
0%
-5%
-3%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
5
BEVERLY CENTER - MIRACLE MILE
SINGLE FAMILY HOME SALES
The Beverly Center-Miracle Mile area of Los Angeles, known for its original Spanish two-story homes, duplexes and single-family homes, borders the Mid Los Angeles and Fairfax Districts as well as Hancock Park. The many original Spanish two-story homes, duplexes and single-family homes make up one of the cityâ&#x20AC;&#x2122;s most densely populated and commercial sections. The area is home to the world-famous Los Angeles County Museum of Modern Art (LACMA), the La Brea Tar Pits and the Petersen Automotive Museum, which all make up Museum Row. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAR - MAY 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,791,551
$853,400
$1,631,081
$3,309,857
$770.35
$672.60
$772.33
$788.92
$1,775,510
$856,000
$1,631,621
$3,192,857 $762.30
$765.77
$674.65
$774.54
TOTAL SFH SOLD
49
5
37
7
TOTAL SFH FOR SALE AT END OF PERIOD
95
9
64
22
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
5.8
5.4
5.2
9.4
99%
100%
100%
96%
ALL
< $1M
$1M - $3M
> $3M
$1,682,207
$849,475
$1,706,778
$3,071,250
SFH MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$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
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON AVERAGE LIST PRICE
7%
0%
-4%
8%
AVERAGE LIST PRICE PER SQUARE FOOT
16%
15%
16%
8%
AVERAGE SOLD PRICE
6%
-2%
-4%
4%
AVERAGE SOLD PRICE PER SQUARE FOOT
15%
12%
17%
5%
TOTAL SFH SOLD
-14%
-38%
-18%
75%
TOTAL SFH FOR SALE AT END OF PERIOD
138%
80%
100%
633%
AVERAGE MONTHLY SUPPLY OF INVENTORY
176%
188%
143%
319%
-1%
-3%
1%
-4%
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 14 single family home sales in May 2016, down from 17 in May 2015 and a 26% decrease from the 19 sales closed last month. The average list price for single family home sales in May 2016 was $1,735,500 compared to $1,623,765 for May 2015, representing a 7% increase. For the three-month period from March to May 2016, the average list price was 7% higher than the same period of the prior year. Average sales price for May 2016 was $1,722,677, compared to that of March through May 2016, which was $1,775,510. These results indicate that the sale price is trending down. Comparing May 2016 to April 2016, Beverly Center - Miracle Mile saw a 14% decrease in average sale price, but a 6% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$773,267
$680,720
$1,236,000
$-
$607.21
$595.50
$639.97
$-
$765,694
$679,167
$1,198,333
$-
$601.42
$594.61
$620.47
$-
TOTAL CONDOS SOLD
18
15
3
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
19
18
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.2
3.6
1.0
-
99%
100%
97%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2015
$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
$514.39
$514.66
$511.06
$-
28
27
1
-
AVERAGE LIST PRICE
TOTAL CONDOS SOLD 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%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
13%
4%
-12%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
17%
15%
20%
0%
AVERAGE SOLD PRICE
14%
5%
-11%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
17%
16%
21%
0%
TOTAL CONDOS SOLD
-36%
-44%
200%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
58%
80%
-50%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
146%
224%
-83%
0%
0%
1%
1%
0%
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 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$6,128,829
$9,200
$2,222,077
$8,974,200
$1,343.05
$2.58
$993.29
$1,465.09
$5,863,390
$9,000
$2,259,423
$8,498,688 $1,387.46
$1,284.88
$2.52
$1,009.99
TOTAL SFH SOLD
34
1
13
20
TOTAL SFH FOR SALE AT END OF PERIOD
172
-
20
152
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY
15.2
-
4.6
22.8
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
96%
98%
102%
95%
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
$923.34
$1,570.11
$1,426.44
$-
TOTAL SFH SOLD
51
-
17
34
TOTAL SFH FOR SALE AT END OF PERIOD
59
-
10
49
AVERAGE SOLD PRICE PER SQUARE FOOT
3.5
-
1.8
4.3
96%
0%
102%
96%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
8%
0%
4%
20%
AVERAGE LIST PRICE PER SQUARE FOOT
-9%
0%
10%
-10%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON
7%
0%
4%
19%
AVERAGE SOLD PRICE PER SQUARE FOOT
-10%
0%
9%
-12%
TOTAL SFH SOLD
-41%
AVERAGE SOLD PRICE
-33%
0%
-24%
TOTAL SFH FOR SALE AT END OF PERIOD
192%
0%
100%
210%
AVERAGE MONTHLY SUPPLY OF INVENTORY
337%
0%
162%
427%
-1%
0%
-1%
-1%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
8
BEVERLY HILLS
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Beverly Hills there were 10 condominium sales in May 2016, up from 9 in May 2015 and a 11% increase from the 9 sales closed last month. The average list price for condo sales in May 2016 was $1,315,159 compared to $1,399,333 for May 2015, representing a 6% decrease. For the three-month period from March to May 2016, the average list price was 1% lower than the same period of the prior year. Average sales price for May 2016 was $1,296,000, compared to that of March through May 2016, which was $1,251,682. These results indicate that the sale price is trending up. Comparing May 2016 to April 2016, Beverly Hills saw a 1% increase in average sale price, but a 2% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,267,696
$748,116
$1,564,599
$-
$664.05
$559.06
$701.66
$-
$1,251,682
$739,708
$1,544,238
$$-
$655.85
$552.78
$692.77
TOTAL CONDOS SOLD
33
12
21
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
38
8
22
8
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.5
2.0
3.1
-
99%
99%
99%
0%
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
$-
37
13
24
1
CONDOS MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
32
12
19
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.6
2.8
2.4
-
97%
98%
97%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
-1%
-7%
2%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
1%
3%
0%
0%
AVERAGE SOLD PRICE
1%
-6%
4%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
3%
4%
2%
0%
TOTAL CONDOS SOLD
-11%
-8%
-13%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
19%
-33%
16%
700%
AVERAGE MONTHLY SUPPLY OF INVENTORY
33%
-28%
32%
0%
2%
1%
2%
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 2016 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
ALL
< $1M
$1M - $3M
> $3M
$2,765,026
$895,000
$2,013,038
$4,978,111
$811.76
$994.44
$742.44
$896.71
$2,684,943
$910,000
$1,895,417
$4,987,561
$787.45
$1,011.11
$697.12
$898.41
34
1
24
9
228
4
48
176
AVERAGE MONTHLY SUPPLY OF INVENTORY
20.1
12.0
6.0
58.7
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
97%
102%
94%
100%
ALL
< $1M
$1M - $3M
> $3M
$2,579,627
$848,500
$1,938,128
$4,657,900
SFH MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$833.00
$1,099.06
$701.58
$1,040.57
$2,502,044
$808,000
$1,887,648
$4,499,720
$684.09
$1,005.23
$808.17
$982.70
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
SFH MAY/MAY COMPARISON AVERAGE LIST PRICE
7%
5%
4%
7%
AVERAGE LIST PRICE PER SQUARE FOOT
-3%
-10%
6%
-14%
AVERAGE SOLD PRICE
7%
13%
0%
11%
AVERAGE SOLD PRICE PER SQUARE FOOT
-3%
3%
2%
-11%
TOTAL SFH SOLD
-13%
-50%
-11%
-10%
TOTAL SFH FOR SALE AT END OF PERIOD
121%
100%
33%
171%
AVERAGE MONTHLY SUPPLY OF INVENTORY
154%
300%
50%
201%
0%
7%
-3%
4%
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 13 single family home sales in May 2016, up from 12 in May 2015 and a 18% increase from the 11 sales closed last month. The average list price for single family home sales in May 2016 was $3,005,069 almost matching $2,899,583 for May 2015. For the three-month period from March to May 2016, the average list price was 7% higher than the same period of the prior year. Average sales price for May 2016 was $2,933,615, compared to that of March through May 2016, which was $2,684,943. These results indicate that the sale price is trending up. Comparing May 2016 to April 2016, Beverly Hills Post Office saw a 2% decrease in average sale price, but a 5% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
MAR - MAY 2016
$-
$-
$-
> $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 2015 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 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,360,719
$812,000
$1,465,232
$3,999,999
$679.17
$587.13
$688.29
$858.18
$1,365,964
$832,527
$1,465,979
$4,000,000 $858.18
$681.63
$601.97
$688.41
TOTAL SFH SOLD
57
13
43
1
TOTAL SFH FOR SALE AT END OF PERIOD
80
17
58
5
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
4.2
3.9
4.0
15.0
100%
103%
100%
100%
SFH MAR - MAY 2015
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%
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
29%
1%
-3%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
12%
10%
0%
0%
AVERAGE SOLD PRICE
30%
3%
-1%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
13%
12%
1%
0%
TOTAL SFH SOLD
-2%
-65%
105%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
264%
143%
287%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
270%
591%
89%
0%
1%
2%
2%
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 23 single family home sales in May 2016, down from 24 in May 2015 and a 35% increase from the 17 sales closed last month. The average list price for single family home sales in May 2016 was $1,407,626 compared to $1,011,537 for May 2015, representing a 39% increase. For the three-month period from March to May 2016, the average list price was 29% higher than the same period of the prior year. Average sales price for May 2016 was $1,425,218, compared to that of March through May 2016, which was $1,365,964. These results indicate that the sale price is trending up. Comparing May 2016 to April 2016, Beverlywood saw a 13% increase in average sale price, and a 41% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$678,300
$650,253
$1,099,000
$-
$513.06
$505.54
$591.18
$-
$693,094
$660,233
$1,186,000
$-
$524.25
$513.29
$637.98
$-
TOTAL CONDOS SOLD
16
15
1
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
4
2
2
-
0.8
0.4
6.0
-
102%
102%
108%
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 2015
$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
$512.34
$476.48
$587.73
$-
14
11
3
-
AVERAGE LIST PRICE
TOTAL CONDOS SOLD 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%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
-8%
13%
-18%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
-3%
6%
-8%
0%
AVERAGE SOLD PRICE
-3%
15%
-4%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
2%
8%
9%
0%
TOTAL CONDOS SOLD
14%
36%
-67%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-67%
-82%
100%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-71%
-87%
500%
0%
5%
1%
17%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
13
BRENTWOOD
SINGLE FAMILY HOME SALES Brentwood is one of the wealthiest areas of Los Angeles, populated by affluent professionals, political figures and celebrities. Known for its Spanish-style homes, condos and traditional homes, Brentwood has prosperous commercial districts along each of its major east-west thoroughfares, Wilshire Boulevard, San Vicente Boulevard and Sunset Boulevard. The Spanish-style and traditional-style homes as well as the condos of Brentwood are located at the base of the Santa Monica Mountains. Brentwood was once part of the Rancho San Vicente y Santa Monica, a Mexican land-grant ranch sold off in pieces by the Sepulveda family after the Mexican-American War. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAR - MAY 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$4,071,908
$-
$2,094,088
$6,241,129
$1,077.68
$-
$741.93
$1,293.02
$4,032,640
$-
$2,168,746
$6,076,912 $1,259.00
$1,067.29
$-
$768.38
TOTAL SFH SOLD
65
-
34
31
TOTAL SFH FOR SALE AT END OF PERIOD
102
-
36
66
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
4.7
-
3.2
6.4
99%
0%
104%
97%
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
4.1
-
2.3
6.2
102%
0%
102%
101%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
25%
0%
2%
32%
AVERAGE LIST PRICE PER SQUARE FOOT
23%
0%
4%
31%
AVERAGE SOLD PRICE
22%
0%
3%
27%
AVERAGE SOLD PRICE PER SQUARE FOOT
20%
0%
5%
26%
2%
0%
-3%
7%
TOTAL SFH FOR SALE AT END OF PERIOD
17%
0%
33%
10%
AVERAGE MONTHLY SUPPLY OF INVENTORY
15%
0%
37%
3%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-2%
0%
1%
-4%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON
TOTAL SFH SOLD
(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 28 single family home sales in May 2016, down from 30 in May 2015 and a 27% increase from the 22 sales closed last month. The average list price for single family home sales in May 2016 was $4,483,286 compared to $3,073,933 for May 2015, representing a 46% increase. For the three-month period from March to May 2016, the average list price was 25% higher than the same period of the prior year. Average sales price for May 2016 was $4,342,152, compared to that of March through May 2016, which was $4,032,640. These results indicate that the sale price is trending up. Comparing May 2016 to April 2016, Brentwood saw a 2% decrease in average sale price, but a 40% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,001,005
$708,931
$1,496,261
$-
$619.86
$556.74
$681.98
$-
$998,093
$712,340
$1,482,630
$-
$618.06
$559.42
$675.77
$-
TOTAL CONDOS SOLD
62
39
23
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
22
11
11
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.1
0.8
1.4
-
100%
100%
99%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2015
$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
$595.46
$578.82
$633.65
$-
54
42
12
-
AVERAGE LIST PRICE
TOTAL CONDOS SOLD 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%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
19%
-4%
25%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
5%
-4%
8%
0%
AVERAGE SOLD PRICE
18%
-4%
23%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
4%
-3%
7%
0%
TOTAL CONDOS SOLD
15%
-7%
92%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-48%
-59%
-27%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-54%
-56%
-62%
0%
-1%
0%
-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 Hillsâ&#x20AC;&#x2122; gently rolling hills are reminiscent of the Cheviot Hills area of Scotland, which is how the area got its name. Rancho Park, though a small residential neighborhood in West Los Angeles, is one of the few districts in Los Angeles where fall foliage can be seen. Nestled between Westwood and Cheviot Hills, Rancho Park is mostly filled with single-family homes and tree-lined streets. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAR - MAY 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,414,136
$899,000
$2,189,000
$3,437,600
$783.19
$429.73
$765.77
$860.05
$2,328,517
$960,000
$2,094,835
$3,350,004 $838.13
$755.41
$458.89
$732.83
TOTAL SFH SOLD
22
1
16
5
TOTAL SFH FOR SALE AT END OF PERIOD
33
-
17
16
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
4.5
-
3.2
9.6
96%
107%
96%
97%
ALL
< $1M
$1M - $3M
> $3M
$1,853,316
$938,000
$1,792,941
$3,795,000
SFH MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$749.98
$647.79
$744.70
$829.51
$1,829,235
$880,000
$1,769,439
$3,795,000
$734.94
$829.51
$740.23
$607.73
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 -9%
SFH MAY/MAY COMPARISON
30%
-4%
22%
AVERAGE LIST PRICE PER SQUARE FOOT
4%
-34%
3%
4%
AVERAGE SOLD PRICE
27%
9%
18%
-12%
AVERAGE SOLD PRICE PER SQUARE FOOT
2%
-24%
0%
1%
TOTAL SFH SOLD
16%
0%
-6%
400%
TOTAL SFH FOR SALE AT END OF PERIOD
136%
0%
70%
300%
AVERAGE MONTHLY SUPPLY OF INVENTORY
104%
0%
81%
-20%
-2%
14%
-3%
-3%
AVERAGE LIST PRICE
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | 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 2016, which is the same as May 2015 and a 33% increase from the 6 sales closed last month. The average list price for single family home sales in May 2016 was $2,587,875 compared to $2,161,750 for May 2015, representing a 20% increase. For the three-month period from March to May 2016, the average list price was 30% higher than the same period of the prior year. Average sales price for May 2016 was $2,481,563, compared to that of March through May 2016, which was $2,328,517. These results indicate that the sale price is trending up. Comparing May 2016 to April 2016, Cheviot Hills - Rancho Park saw a 8% 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 2016
$-
$-
$-
> $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 2015 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)
17
CULVER CITY
SINGLE FAMILY HOME SALES Charming Culver City, with its condos and traditional and Spanish-style homes, is a town of galleries, shops, cafes and entrepreneurial businesses. Culver City has been a focal point for motion picture studios since the 1920s and more recently for television production, having been home to MGM Studios, the Culver Studios and now Sony Picture Entertainment. Home of the Kirk Douglas Theatre, Helms Bakeries and the Culver Hotel, Culver Cityâ&#x20AC;&#x2122;s condos, traditional homes and Spanish-style homes offer a combination of urban living and small town charm. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAR - MAY 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,106,029
$834,916
$1,284,392
$-
$678.16
$663.09
$684.81
$-
$1,134,730
$853,500
$1,319,750
$$-
$695.75
$677.85
$703.66
TOTAL SFH SOLD
63
25
38
-
TOTAL SFH FOR SALE AT END OF PERIOD
60
18
40
2
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.9
2.2
3.2
-
103%
102%
103%
0%
SFH MAR - MAY 2015
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%
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
7%
1%
3%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
6%
2%
7%
0%
AVERAGE SOLD PRICE
8%
1%
5%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
7%
3%
9%
0%
TOTAL SFH SOLD
11%
-14%
36%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
82%
6%
150%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
65%
23%
84%
0%
1%
0%
2%
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
18
CULVER CITY
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Culver City there were 26 condominium sales in May 2016, down from 28 in May 2015 and a 30% increase from the 20 sales closed last month. The average list price for condo sales in May 2016 was $445,188 compared to $536,766 for May 2015, representing a 17% decrease. For the three-month period from March to May 2016, the average list price was 9% lower than the same period of the prior year. Average sales price for May 2016 was $452,629, compared to that of March through May 2016, which was $475,777. These results indicate that the sale price is trending down. Comparing May 2016 to April 2016, Culver City saw a 9% 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 2016
$465,451
$465,451
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$442.43
$442.43
$-
$-
AVERAGE SOLD PRICE
$475,777
$475,777
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$452.25
$452.25
$-
$-
59
59
-
-
8
8
-
-
0.4
0.4
-
-
102%
102%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$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
$-
$-
85
85
-
-
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 2015
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
11
11
-
0.4
0.4
-
-
102%
102%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
-9%
-9%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
7%
7%
0%
0%
AVERAGE SOLD PRICE
-9%
-9%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
8%
8%
0%
0%
TOTAL CONDOS SOLD
-31%
-31%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-27%
-27%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
5%
5%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
0%
0%
0%
(Source: MLS/CLAW)
19
DOWNTOWN LOS ANGELES
SINGLE FAMILY HOME SALES
Downtown Los Angeles offers urban living with its condos and lofts, and its central business district with skyscrapers, multinational corporations, popular art institutions, public art displays, sightseeing opportunities, sports facilities and shopping. Home to world-famous establishments like The Walt Disney Concert Hall, Staples Center, Cathedral of our Lady of the Angels and the University of Southern California, Downtown Los Angeles borders Lincoln Heights and the LA River to the east, Hollywood to the north, the Santa Monica Freeway to the south, and the Harbor Freeway to the west. Perfect for those seeking condos and lofts. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAR - MAY 2016
ALL
< $1M
$1M - $3M
> $3M
$345,838
$345,838
$-
$-
$244.67
$244.67
$-
$-
AVERAGE SOLD PRICE
$345,788
$345,788
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
$244.64
$244.64
$-
$-
TOTAL SFH SOLD
21
21
-
-
TOTAL SFH FOR SALE AT END OF PERIOD
54
54
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
7.7
7.7
-
-
100%
100%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR - MAY 2015
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%
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
7%
7%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
-3%
-3%
0%
0%
AVERAGE SOLD PRICE
6%
6%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
-4%
-4%
0%
0%
TOTAL SFH SOLD
-16%
-16%
0%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
69%
74%
-100%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
101%
107%
0%
0%
-1%
-1%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
20
DOWNTOWN LOS ANGELES
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Downtown L.A. there were 44 condominium sales in May 2016, up from 43 in May 2015 and a 42% increase from the 31 sales closed last month. The average list price for condo sales in May 2016 was $745,700 compared to $642,435 for May 2015, representing a 16% increase. For the three-month period from March to May 2016, the average list price was 10% higher than the same period of the prior year. Average sales price for May 2016 was $730,978, compared to that of March through May 2016, which was $734,232. These results indicate that the sale price is trending down. Comparing May 2016 to April 2016, Downtown L.A. saw a 22% increase in average sale price, and a 15% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2016 AVERAGE LIST PRICE
ALL
< $1M
$1M - $3M
> $3M
$769,567
$565,101
$1,600,909
$8,800,000
AVERAGE LIST PRICE PER SQUARE FOOT
$694.98
$581.53
$853.49
$2,070.59
AVERAGE SOLD PRICE
$734,232
$556,384
$1,550,000
$6,700,000 $1,576.47
$662.75
$572.42
$826.35
TOTAL CONDOS SOLD
96
84
11
1
TOTAL CONDOS FOR SALE AT END OF PERIOD
146
108
36
2
AVERAGE SOLD PRICE PER SQUARE FOOT
4.6
3.9
9.8
6.0
95%
98%
97%
76%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$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
140
127
10
3
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2015
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD 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%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
10%
-2%
6%
159%
AVERAGE LIST PRICE PER SQUARE FOOT
15%
5%
15%
118% 102%
AVERAGE SOLD PRICE
6%
-2%
4%
AVERAGE SOLD PRICE PER SQUARE FOOT
11%
4%
13%
70%
TOTAL CONDOS SOLD
-31%
-34%
10%
-67%
TOTAL CONDOS FOR SALE AT END OF PERIOD
78%
64%
157%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
160%
147%
134%
200%
-4%
-1%
-1%
-22%
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) MAR - MAY 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$796,422
$728,482
$1,116,714
$-
$476.39
$472.40
$490.01
$-
$806,336
$724,844
$1,190,514
$-
$482.25
$470.04
$523.86
$-
TOTAL SFH SOLD
80
66
14
-
TOTAL SFH FOR SALE AT END OF PERIOD
65
46
19
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.4
2.1
4.1
-
101%
100%
107%
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 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%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
14%
9%
-3%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
4%
5%
-4%
0%
AVERAGE SOLD PRICE
13%
5%
2%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
3%
2%
0%
0%
TOTAL SFH SOLD
51%
32%
367%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
81%
48%
280%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
20%
12%
-19%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-1%
-3%
5%
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
22
EAGLE ROCK
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Eagle Rock there were 35 single family home sales in May 2016, up from 15 in May 2015 and a 94% increase from the 18 sales closed last month. The average list price for single family home sales in May 2016 was $785,171 compared to $719,320 for May 2015, representing a 9% increase. For the three-month period from March to May 2016, the average list price was 14% higher than the same period of the prior year. Average sales price for May 2016 was $806,975, compared to that of March through May 2016, which was $806,336. These results indicate that the sale price is trending up. Comparing May 2016 to April 2016, Eagle Rock saw a 5% increase in average sale price, and a 10% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$472,000
$472,000
$-
$-
$338.96
$338.96
$-
$-
$468,000
$468,000
$-
$-
$336.09
$336.09
$-
$-
TOTAL CONDOS SOLD
2
2
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
99%
99%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2015 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%
> $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%
TOTAL CONDOS SOLD
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)
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 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,140,097
$856,742
$1,808,866
$4,369,385
$674.95
$454.10
$635.10
$813.14
$2,113,518
$870,638
$1,799,684
$4,250,577 $791.03
$666.57
$461.47
$631.87
TOTAL SFH SOLD
66
12
41
13
TOTAL SFH FOR SALE AT END OF PERIOD
124
18
86
20
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
5.6
4.5
6.3
4.6
99%
102%
99%
97%
ALL
< $1M
$1M - $3M
> $3M
$1,580,396
$802,931
$1,588,105
$3,840,833
SFH MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$629.75
$471.80
$602.31
$1,025.22
$1,558,836
$797,159
$1,568,358
$3,755,000
$594.82
$1,002.31
$621.16
$468.41
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
35%
7%
14%
14%
7%
-4%
5%
-21%
36%
9%
15%
13%
7%
-1%
6%
-21%
-18%
-33%
-27%
117%
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
68%
6%
95%
54%
AVERAGE MONTHLY SUPPLY OF INVENTORY
103%
59%
167%
-29%
0%
2%
1%
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
24
CONDOMINIUM SALES
HANCOCK PARK
MAY MARKET OVERVIEW In Hancock Park - Wilshire there were 22 condominium sales in May 2016, up from 21 in May 2015 and a 22% increase from the 18 sales closed last month. The average list price for condo sales in May 2016 was $616,711 compared to $528,304 for May 2015, representing a 17% increase. For the three-month period from March to May 2016, the average list price was 2% higher than the same period of the prior year. Average sales price for May 2016 was $603,323, compared to that of March through May 2016, which was $555,669. These results indicate that the sale price is trending up. Comparing May 2016 to April 2016, Hancock Park - Wilshire saw a 12% increase in average sale price, and a 16% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2016
ALL
< $1M
$1M - $3M
> $3M
$562,486
$546,703
$1,399,000
$-
$491.52
$479.62
$1,010.84
$-
AVERAGE SOLD PRICE
$555,669
$541,247
$1,320,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
$485.56
$474.83
$953.76
$-
TOTAL CONDOS SOLD
54
53
1
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
61
41
20
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.4
2.3
60.0
-
99%
99%
94%
0%
ALL
< $1M
$1M - $3M
> $3M
$552,423
$552,423
$-
$-
$421.72
$421.72
$-
$-
$545,483
$545,483
$-
$-
$416.42
$416.42
$-
$-
51
51
-
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2015 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
39
3
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.5
2.3
-
-
99%
99%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
2%
-1%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
17%
14%
0%
0%
AVERAGE SOLD PRICE
2%
-1%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
17%
14%
0%
0%
6%
4%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
45%
5%
567%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
37%
1%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
0%
0%
0%
TOTAL CONDOS SOLD
(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 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,315,592
$700,622
$2,067,222
$-
$638.96
$481.80
$756.24
$-
$1,293,384
$692,909
$2,027,298
$-
$627.63
$476.49
$740.41
$-
TOTAL SFH SOLD
20
11
9
-
TOTAL SFH FOR SALE AT END OF PERIOD
37
18
19
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
5.6
4.9
6.3
-
98%
99%
98%
0%
ALL
< $1M
$1M - $3M
> $3M
$1,179,473
$780,165
$1,349,667
$4,950,000
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
$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%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
12%
-10%
53%
-100%
AVERAGE LIST PRICE PER SQUARE FOOT
-11%
-11%
25%
-100%
AVERAGE SOLD PRICE
10%
-13%
51%
-100%
AVERAGE SOLD PRICE PER SQUARE FOOT
-12%
-15%
21%
-100%
5%
-8%
50%
-100%
TOTAL SFH FOR SALE AT END OF PERIOD
54%
0%
217%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
46%
9%
111%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-1%
-4%
-2%
-100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON
TOTAL SFH SOLD
(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 10 single family home sales in May 2016, up from 6 in May 2015 and a 233% increase from the 3 sales closed last month. The average list price for single family home sales in May 2016 was $1,091,590 compared to $953,833 for May 2015, representing a 14% increase. For the three-month period from March to May 2016, the average list price was 12% higher than the same period of the prior year. Average sales price for May 2016 was $1,083,168, compared to that of March through May 2016, which was $1,293,384. These results indicate that the sale price is trending down. Comparing May 2016 to April 2016, Hollywood saw a 46% decrease in average sale price, but a 6% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2016
ALL
< $1M
$1M - $3M
> $3M
$665,181
$650,187
$1,100,000
$-
$515.51
$509.88
$635.84
$-
AVERAGE SOLD PRICE
$657,129
$641,858
$1,100,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
$509.27
$503.35
$635.84
$-
TOTAL CONDOS SOLD
30
29
1
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
31
26
5
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.1
2.7
15.0
-
99%
99%
100%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$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
$-
27
22
5
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2015
TOTAL CONDOS SOLD 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%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
-9%
12%
-22%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
-5%
8%
-20%
0%
AVERAGE SOLD PRICE
-9%
11%
-20%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
-5%
7%
-17%
0%
TOTAL CONDOS SOLD
11%
32%
-80%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
41%
30%
150%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
27%
-1%
1150%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
-1%
4%
0%
(Source: MLS/CLAW)
27
HOLLYWOOD HILLS EAST
SINGLE FAMILY HOME SALES
Hollywood Hills real estate means breathtaking homes in a sought-after neighborhood of Los Angeles. It is located overlooking the city in the southeastern Santa Monica Mountains. High above the city, the views of Downtown Los Angeles and the Pacific, and the calm and serenity that can be found there make the Hills a draw for many celebrities and non-celebrities alike. A number of Hollywood Hills homes can be found on the Bird Streets above the Sunset Strip, Laurel Canyon and Beachwood Canyon. Mulholland Drive, famed on its own, can be found along the top of the Hills. Homes here can range from Mid-Century masterpieces to stunning modern Architectural to traditional hillside. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAR - MAY 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,393,900
$898,278
$1,537,790
$-
$656.11
$646.04
$657.85
$-
$1,393,069
$909,400
$1,533,489
$$-
$655.72
$654.04
$656.01
TOTAL SFH SOLD
40
9
31
-
TOTAL SFH FOR SALE AT END OF PERIOD
67
12
54
1
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
5.0
4.0
5.2
-
100%
101%
100%
0%
SFH MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
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 MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.6
2.6
3.5
-
99%
95%
100%
0%
ALL
< $1M
$1M - $3M
> $3M
SFH MAY/MAY COMPARISON AVERAGE LIST PRICE
5%
0%
8%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
16%
32%
14%
0%
AVERAGE SOLD PRICE
5%
6%
7%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
17%
41%
14%
0%
TOTAL SFH SOLD
5%
29%
0%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
49%
100%
50%
-67%
AVERAGE MONTHLY SUPPLY OF INVENTORY
41%
56%
50%
0%
1%
7%
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
28
HOLLYWOOD HILLS EAST
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Hollywood Hills East there were 19 single family home sales in May 2016, up from 11 in May 2015 and a 90% increase from the 10 sales closed last month. The average list price for single family home sales in May 2016 was $1,553,263 compared to $1,312,545 for May 2015, representing an 18% increase. For the three-month period from March to May 2016, the average list price was 5% higher than the same period of the prior year. Average sales price for May 2016 was $1,543,079, compared to that of March through May 2016, which was $1,393,069. These results indicate that the sale price is trending up. Comparing May 2016 to April 2016, Hollywood Hills East saw a 14% increase in average sale price, and a 19% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR - MAY 2016
$517,650
$517,650
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$429.41
$429.41
$-
$-
$520,208
$520,208
$-
$-
AVERAGE SOLD PRICE
$431.53
$431.53
$-
$-
TOTAL CONDOS SOLD
12
12
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
5
5
-
-
1.3
1.3
-
-
100%
100%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$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
$-
$-
12
12
-
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2015
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
8
6
2
2.0
1.5
-
-
100%
100%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
9%
9%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
10%
10%
0%
0%
AVERAGE SOLD PRICE
10%
10%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
11%
11%
0%
0%
0%
0%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-38%
-17%
-100%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-38%
-17%
0%
0%
1%
1%
0%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
29
LOS FELIZ
SINGLE FAMILY HOME SALES Richly immersed with history dating back to the nineteenth century, Los Feliz is located just south of the Santa Monica Mountains and is adjacent to Hollywood. The area features the Griffith Observatory, the Greek Theatre, and the Los Angeles Zoo. Los Feliz homes offer a welcoming and cohesive community recognized for its chic sophistication. Historic and noted homes can be found throughout Los Feliz, which has an enclave of celebrity residents. Los Feliz is known for its grand Spanish estates, charming California bungalows and many original craftsman homes. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAR - MAY 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,895,235
$822,271
$1,673,825
$3,941,125
$689.99
$582.52
$638.10
$858.80
$1,833,512
$801,786
$1,644,642
$3,680,625 $802.03
$667.43
$576.59
$626.46
TOTAL SFH SOLD
55
7
40
8
TOTAL SFH FOR SALE AT END OF PERIOD
79
3
64
12
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
4.3
1.3
4.8
4.5
97%
98%
98%
93%
ALL
< $1M
$1M - $3M
> $3M
$1,353,781
$767,109
$1,718,879
$2,799,000
SFH MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$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
SFH MAY/MAY COMPARISON AVERAGE LIST PRICE
40%
7%
-3%
41%
AVERAGE LIST PRICE PER SQUARE FOOT
13%
10%
-1%
47%
AVERAGE SOLD PRICE
35%
3%
-4%
13%
AVERAGE SOLD PRICE PER SQUARE FOOT
9%
8%
-2%
19%
TOTAL SFH SOLD
-4%
-70%
21%
700%
TOTAL SFH FOR SALE AT END OF PERIOD
61%
0%
83%
9%
AVERAGE MONTHLY SUPPLY OF INVENTORY
67%
229%
51%
-86%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-4%
-4%
-1%
-19% (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 17 single family home sales in May 2016, down from 18 in May 2015 and a similar performance from the 17 sales closed last month. The average list price for single family home sales in May 2016 was $1,483,824 compared to $1,658,389 for May 2015, representing an 11% decrease. For the three-month period from March to May 2016, the average list price was 40% higher than the same period of the prior year. Average sales price for May 2016 was $1,457,555, compared to that of March through May 2016, which was $1,833,512. These results indicate that the sale price is trending down. Comparing May 2016 to April 2016, Los Feliz saw a 13% decrease in average sale price, and a 11% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$519,292
$519,292
$-
$-
$512.46
$512.46
$-
$-
$519,992
$519,992
$-
$-
$513.15
$513.15
$-
$-
TOTAL CONDOS SOLD
12
12
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
7
7
-
-
1.8
1.8
-
-
100%
100%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$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
$-
$-
9
9
-
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2015
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
-
1.0
1.0
-
-
102%
102%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
-7%
-7%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
-2%
-2%
0%
0%
AVERAGE SOLD PRICE
-8%
-8%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
-4%
-4%
0%
0%
TOTAL CONDOS SOLD
33%
33%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
133%
133%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
75%
75%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-2%
-2%
0%
0%
(Source: MLS/CLAW)
31
MALIBU
SINGLE FAMILY HOME SALES Few names can evoke visions of beach living and casual elegance as readily as Malibu, California. Embracing nearly 27 miles of gorgeous California coastline, Malibu has long been home to some of the most influential people in the world. The terrain varies widely, and some of Malibu’s famous beaches and surf spots include Surfrider Beach, Zuma Beach and Le Carrillo Beach. Ocean-side dining, boutique shops and gorgeous beaches combine to create the unique lifestyle that exemplifies living in a Malibu home. Sotheby’s International Realty, Inc provides some breathtaking Malibu properties with oceanfront and spectacular beach views. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAR - MAY 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL SFH SOLD TOTAL SFH FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
ALL
< $1M
$1M - $3M
> $3M
$3,053,315
$883,915
$2,203,150
$4,809,350
$912.18
$579.53
$809.34
$1,024.19
$2,886,571
$854,998
$2,104,270
$4,513,035
$856.82
$554.75
$773.02
$950.80
52
6
26
20
309
-
116
193
17.8
-
13.4
29.0
95%
97%
96%
94%
ALL
< $1M
$1M - $3M
> $3M
$2,558,598
$802,967
$2,063,079
$5,236,000
SFH MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$745.82
$533.53
$674.94
$893.23
$2,461,006
$803,000
$2,000,150
$4,959,513
$659.04
$846.06
$719.64
$533.55
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
8.8
2.0
5.0
27.3
96%
100%
97%
95%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
19%
10%
7%
-8%
AVERAGE LIST PRICE PER SQUARE FOOT
22%
9%
20%
15%
AVERAGE SOLD PRICE
17%
6%
5%
-9%
AVERAGE SOLD PRICE PER SQUARE FOOT
19%
4%
17%
12%
TOTAL SFH SOLD
-32%
122% 135%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON
4%
100%
TOTAL SFH FOR SALE AT END OF PERIOD
110%
-100%
84%
AVERAGE MONTHLY SUPPLY OF INVENTORY
102%
-100%
169%
6%
-2%
-3%
-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 21 single family home sales in May 2016, up from 16 in May 2015 and a 50% increase from the 14 sales closed last month. The average list price for single family home sales in May 2016 was $3,906,000 compared to $2,640,313 for May 2015, representing a 48% increase. For the three-month period from March to May 2016, the average list price was 19% higher than the same period of the prior year. Average sales price for May 2016 was $3,672,380, compared to that of March through May 2016, which was $2,886,571. These results indicate that the sale price is trending up. Comparing May 2016 to April 2016, Malibu saw a 64% increase in average sale price, and a 47% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,363,474
$709,769
$1,519,667
$4,040,000
$783.39
$561.83
$660.44
$1,243.97
$1,263,533
$684,010
$1,405,000
$3,633,333 $1,118.75
$725.97
$541.44
$610.60
TOTAL CONDOS SOLD
19
13
3
3
TOTAL CONDOS FOR SALE AT END OF PERIOD
18
5
10
3
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.8
1.2
10.0
3.0
93%
96%
92%
90%
ALL
< $1M
$1M - $3M
> $3M
CONDOS MAR - MAY 2015
$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
$-
$556.71
$493.66
$606.64
$-
16
9
7
-
AVERAGE LIST PRICE
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD 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%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
48%
12%
18%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
35%
10%
3%
0%
AVERAGE SOLD PRICE
43%
11%
15%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
30%
10%
1%
0%
TOTAL CONDOS SOLD
19%
44%
-57%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-31%
-64%
-17%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-42%
-75%
94%
0%
-3%
-1%
-3%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
33
SINGLE FAMILY HOME SALES
MALIBU BEACH
Where the majestic Pacific meets golden sands, Malibu Beach is conveniently located within short drives of Santa Monica, Beverly Hills and Los Angeles International Airport. The areaâ&#x20AC;&#x2122;s beachfront properties, vineyards and ranches are the destination for some of the most influential people, seeking a unique supply of Malibu Beach real estate. Malibu Beach offers the best of the best, from luxurious beachfront properties on the sand to extraordinary estates, mansions, vineyards, and ranches on the bluffs overlooking the Pacific Ocean and lining the hillsides with views of the Channel Islands offshore. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAR - MAY 2016 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
ALL
< $1M
$1M - $3M
> $3M
$8,840,214
$-
$2,547,500
$9,889,000
$3,198.55
$-
$1,349.16
$3,301.71
$8,407,500
$-
$2,375,000
$9,412,917
$3,049.76
$-
$1,349.16
$3,144.62
14
-
2
12
149
-
16
133
AVERAGE MONTHLY SUPPLY OF INVENTORY
31.9
-
24.0
33.3
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
95%
0%
93%
95%
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
$1,018.81
$1,871.79
AVERAGE LIST PRICE PER SQUARE FOOT
$1,802.93
$-
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%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
65%
0%
21%
71%
AVERAGE LIST PRICE PER SQUARE FOOT
69%
0%
23%
68%
AVERAGE SOLD PRICE
65%
0%
22%
72%
AVERAGE SOLD PRICE PER SQUARE FOOT
69%
0%
32%
68%
TOTAL SFH SOLD
56%
0%
100%
50%
TOTAL SFH FOR SALE AT END OF PERIOD
122%
0%
129%
122%
AVERAGE MONTHLY SUPPLY OF INVENTORY
43%
0%
14%
48%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
0%
0%
0%
SFH MAY/MAY COMPARISON
(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 4 single family home sales in May 2016, up from 3 in May 2015 and a similar performance from the 4 sales closed last month. The average list price for single family home sales in May 2016 was $11,760,000 compared to $4,762,667 for May 2015, representing a 147% increase. For the three-month period from March to May 2016, the average list price was 65% higher than the same period of the prior year. Average sales price for May 2016 was $11,186,250, compared to that of March through May 2016, which was $8,407,500. These results indicate that the sale price is trending up. Comparing May 2016 to April 2016, Malibu Beach saw a 108% increase in average sale price, and a 134% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,112,000
$-
$2,112,000
$-
$1,759.27
$-
$1,759.27
$-
$1,925,000
$-
$1,925,000
$$-
$1,603.50
$-
$1,603.50
TOTAL CONDOS SOLD
2
-
2
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
12
6
4
2
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY
18.0
-
6.0
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
91%
0%
91%
0%
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
$-
5
4
1
-
CONDOS MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
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%
TOTAL CONDOS FOR SALE AT END OF PERIOD
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
101%
-100%
-4%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
80%
-100%
26%
0%
AVERAGE SOLD PRICE
90%
-100%
-5%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
70%
-100%
24%
0%
TOTAL CONDOS SOLD
-60%
-100%
100%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-29%
-33%
-50%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
76%
-100%
-75%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-6%
-100%
-1%
0%
(Source: MLS/CLAW)
35
MARINA DEL REY
SINGLE FAMILY HOME SALES With its blue waters and gleaming boats, sitting in the worldâ&#x20AC;&#x2122;s largest manmade smallcraft harbor, Marina del Rey is an oasis of leisure and elegance in sunny Southern California. Offering relaxing and beautiful views of the Pacific, Marina del Rey is home to both estates and beach condominiums, and has access to boating, sailing, fishing and a variety of water sports. Marina Del Rey is conveniently located five miles from Los Angeles International Airport and just minutes from the San Diego and Marina freeways. Adjacent to Venice Beach and Santa Monica, Marina Del Rey is also close to major shopping malls, movie theaters, Hollywood, Beverly Hills and Downtown Los Angeles. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAR - MAY 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,694,639
$853,929
$1,657,700
$7,949,000
$866.08
$861.81
$800.43
$1,049.51
$1,616,167
$876,286
$1,570,700
$7,250,000 $957.22
$825.98
$884.37
$758.43
TOTAL SFH SOLD
18
7
10
1
TOTAL SFH FOR SALE AT END OF PERIOD
42
4
22
16
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
7.0
1.7
6.6
48.0
95%
103%
95%
91%
ALL
< $1M
$1M - $3M
> $3M
$1,638,571
$721,333
$1,758,600
$3,190,000
SFH MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$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
2.1
1.0
1.8
9.0
100%
104%
101%
94%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
3%
18%
-6%
149%
AVERAGE LIST PRICE PER SQUARE FOOT
31%
12%
22%
66%
AVERAGE SOLD PRICE
-1%
17%
-11%
142%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON
AVERAGE SOLD PRICE PER SQUARE FOOT
25%
11%
15%
61%
TOTAL SFH SOLD
29%
133%
0%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
320%
300%
267%
433%
AVERAGE MONTHLY SUPPLY OF INVENTORY
227%
71%
267%
433%
-5%
-1%
-6%
-3%
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 34 condominium sales in May 2016, up from 31 in May 2015 and a 26% increase from the 27 sales closed last month. The average list price for condo sales in May 2016 was $928,126 almost matching $923,082 for May 2015. For the three-month period from March to May 2016, the average list price was 3% lower than the same period of the prior year. Average sales price for May 2016 was $926,149, compared to that of March through May 2016, which was $941,778. These results indicate that the sale price is trending down. Comparing May 2016 to April 2016, Marina Del Rey saw a 1% increase in average sale price, and a 2% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR - MAY 2016
$947,106
$729,300
$1,458,478
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$604.64
$522.63
$740.64
$-
AVERAGE SOLD PRICE
$941,778
$728,480
$1,442,565
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$601.80
$523.19
$732.16
$-
TOTAL CONDOS SOLD
77
54
23
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
62
36
26
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.4
2.0
3.4
-
99%
100%
99%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$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
96
70
24
2
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2015
TOTAL CONDOS SOLD 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%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
-3%
-3%
3%
-100%
AVERAGE LIST PRICE PER SQUARE FOOT
0%
-1%
0%
-100%
AVERAGE SOLD PRICE
-2%
-3%
5%
-100%
AVERAGE SOLD PRICE PER SQUARE FOOT
1%
0%
2%
-100%
TOTAL CONDOS SOLD
-20%
-23%
-4%
-100%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-14%
13%
-33%
-100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
7%
46%
-30%
-100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2%
0%
2%
-100%
(Source: MLS/CLAW)
37
MID LOS ANGELES
SINGLE FAMILY HOME SALES Mid Los Angeles is a district in Los Angeles, California, known for its Spanish-style and traditional residences, as well as duplex properties. 2.5 miles south of Hollywood and 3.5 miles west of downtown Los Angeles, Mid Los Angeles contains Brookside, Crestview, Fremont Place, Lafayette Square, Little Ethiopia, Picfair Village and Victoria Park. Mid Los Angeles is a great neighborhood, centrally located, great commercial and recreational opportunities and close to all. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR - MAY 2016
$661,972
$591,345
$1,347,050
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$380.43
$370.24
$430.88
$-
AVERAGE SOLD PRICE
$660,672
$591,700
$1,329,700
$$-
$379.68
$370.47
$425.33
TOTAL SFH SOLD
107
97
10
-
TOTAL SFH FOR SALE AT END OF PERIOD
137
125
11
1
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.8
3.9
3.3
-
100%
100%
99%
0%
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%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
28%
18%
5%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
17%
15%
1%
0%
AVERAGE SOLD PRICE
27%
18%
1%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
16%
15%
-3%
0%
TOTAL SFH SOLD
7%
-1%
400%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON
TOTAL SFH FOR SALE AT END OF PERIOD
96%
84%
450%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
83%
86%
10%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-1%
0%
-4%
0% (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 46 single family home sales in May 2016, up from 35 in May 2015 and a 77% increase from the 26 sales closed last month. The average list price for single family home sales in May 2016 was $658,040 compared to $489,003 for May 2015, representing a 35% increase. For the three-month period from March to May 2016, the average list price was 28% higher than the same period of the prior year. Average sales price for May 2016 was $653,098, compared to that of March through May 2016, which was $660,672. These results indicate that the sale price is trending down. Comparing May 2016 to April 2016, Mid Los Angeles saw a 9% decrease in average sale price, but a 32% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$529,000
$529,000
$-
$-
$383.33
$383.33
$-
$-
$529,000
$529,000
$-
$-
$383.33
$383.33
$-
$-
TOTAL CONDOS SOLD
1
1
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
4
3
1
-
12.0
9.0
-
-
100%
100%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$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
$-
$-
1
1
-
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2015
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
2
2
-
6.0
6.0
-
-
95%
95%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
196%
196%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
64%
64%
0%
0%
AVERAGE SOLD PRICE
211%
211%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
73%
73%
0%
0%
0%
0%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
100%
50%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
100%
50%
0%
0%
5%
5%
0%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
39
MID WILSHIRE
SINGLE FAMILY HOME SALES Mid Wilshire, also known as Midtown, contains neighborhoods like Hancock Park, Windsor Square, Carthay Circle and Lafayette Square. Mid Wilshire offers some of Los Angeles’s most magnificent residential architecture, primarily in traditional city neighborhood settings. Mid Wilshire contains Little Ethiopia, Miracle Mile, Park La Brea, Park Mile and Wilshire Vista, all known for the area’s stunning residential architecture. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR - MAY 2016
$785,167
$747,455
$1,200,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$430.31
$405.08
$750.47
$-
$749,083
$721,727
$1,050,000
$-
AVERAGE SOLD PRICE
$410.53
$391.14
$656.66
$-
TOTAL SFH SOLD
12
11
1
-
TOTAL SFH FOR SALE AT END OF PERIOD
18
13
5
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
4.5
3.5
15.0
-
95%
97%
88%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
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%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
-7%
10%
-2%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
24%
-6%
165%
0%
AVERAGE SOLD PRICE
-11%
5%
-12%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
19%
-11%
138%
0%
TOTAL SFH SOLD
20%
57%
-67%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
50%
44%
67%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
25%
-8%
400%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-4%
-5%
-10%
0%
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
40
MID WILSHIRE
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Mid Wilshire there were 11 condominium sales in May 2016, down from 13 in May 2015 and a 35% decrease from the 17 sales closed last month. The average list price for condo sales in May 2016 was $539,982 compared to $485,519 for May 2015, representing an 11% increase. For the three-month period from March to May 2016, the average list price was 5% higher than the same period of the prior year. Average sales price for May 2016 was $529,864, compared to that of March through May 2016, which was $517,896. These results indicate that the sale price is trending up. Comparing May 2016 to April 2016, Mid Wilshire saw a 6% increase in average sale price, and a 11% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR - MAY 2016
$526,919
$526,919
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$450.84
$450.84
$-
$-
AVERAGE SOLD PRICE
$517,896
$517,896
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$443.12
$443.12
$-
$-
TOTAL CONDOS SOLD
42
42
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
46
41
5
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.3
2.9
-
-
98%
98%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$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
$-
$437.84
$408.95
$652.56
$-
38
35
3
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2015
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD 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%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
5%
19%
-100%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
1%
9%
-100%
0%
AVERAGE SOLD PRICE
5%
17%
-100%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
1%
8%
-100%
0%
TOTAL CONDOS SOLD
11%
20%
-100%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
53%
41%
400%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
39%
18%
-100%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
-1%
-100%
0%
(Source: MLS/CLAW)
41
MOUNT WASHINGTON
SINGLE FAMILY HOME SALES
Founded in 1909, Mount Washington is located on the eastside of Los Angeles neighboring Glassell Park, Eagle Rock, Highland Park and Montecito Heights and its close proximity to both Pasadena and Downtown Los Angeles have made it popular for homebuyers. It is known for the many 1950s and 1960s modernist homes that can be found here. Recently the area has become a more affordable alternative to the more pricey Westside. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR - MAY 2016
$744,451
$665,855
$1,124,333
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$435.99
$425.47
$469.19
$-
AVERAGE SOLD PRICE
$769,650
$686,310
$1,172,459
$-
$450.74
$438.54
$489.27
$-
TOTAL SFH SOLD
35
29
6
-
TOTAL SFH FOR SALE AT END OF PERIOD
41
31
10
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.5
3.2
5.0
-
103%
103%
104%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
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
$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%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON AVERAGE LIST PRICE
9%
5%
15%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
2%
3%
-3%
0%
AVERAGE SOLD PRICE
8%
7%
5%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
2%
5%
-11%
0%
TOTAL SFH SOLD
3%
0%
20%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
128%
94%
400%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
121%
94%
317%
0%
0%
2%
-9%
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
42
MOUNT WASHINGTON
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Mount Washington there were 9 single family home sales in May 2016, which is the same as May 2015 and a 10% decrease from the 10 sales closed last month. The average list price for single family home sales in May 2016 was $813,778 compared to $681,211 for May 2015, representing a 19% increase. For the three-month period from March to May 2016, the average list price was 9% higher than the same period of the prior year. Average sales price for May 2016 was $824,389, compared to that of March through May 2016, which was $769,650. These results indicate that the sale price is trending up. Comparing May 2016 to April 2016, Mount Washington saw a 19% increase in average sale price, and a 19% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
MAR - MAY 2016
$-
$-
$-
> $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 2015 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 Angelesâ&#x20AC;&#x2122; most desired neighborhoods, Pacific Palisades sits against a stunning backdrop with views of the Santa Monica mountains, the Pacific Coast, and several canyons that run between them. Pacific Palisades is home to the wellknown J. Paul Getty Villa museum and beautiful parks offering sporting activities and breathtaking views including Topanga Canyon State Park, Will Rogers State Historic Park and Polo Club, and Rustin Canyon Park, as well as community events such as the annual parade and fireworks display. Pacific Palisades offers sophisticated traditional estates, dramatic architectural residences, custom-built properties and inviting homes close to Palisades Village. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAR - MAY 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$3,500,250
$-
$2,247,643
$5,891,591
$1,023.43
$-
$903.43
$1,135.50
$3,362,395
$-
$2,216,025
$5,550,920 $1,067.29
$981.55
$-
$889.76
TOTAL SFH SOLD
64
-
42
22
TOTAL SFH FOR SALE AT END OF PERIOD
173
-
48
125
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
8.1
-
3.4
17.0
96%
0%
99%
94%
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
$932.53
$1,064.89 48
$1,022.72
$-
TOTAL SFH SOLD
103
-
55
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
AVERAGE LIST PRICE
-7%
0%
10%
3%
AVERAGE LIST PRICE PER SQUARE FOOT
-1%
0%
-2%
5%
AVERAGE SOLD PRICE
-9%
0%
8%
-1%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON
-4%
0%
-5%
0%
-38%
0%
-24%
-54%
TOTAL SFH FOR SALE AT END OF PERIOD
116%
0%
66%
145%
AVERAGE MONTHLY SUPPLY OF INVENTORY
248%
0%
117%
435%
-3%
0%
-2%
-4%
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
44
PACIFIC PALISADES
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Pacific Palisades there were 24 single family home sales in May 2016, down from 38 in May 2015 and a 50% increase from the 16 sales closed last month. The average list price for single family home sales in May 2016 was $3,895,542 almost matching $3,704,395 for May 2015, representing a 5% increase. For the three-month period from March to May 2016, the average list price was 7% lower than the same period of the prior year. Average sales price for May 2016 was $3,656,022, compared to that of March through May 2016, which was $3,362,395. These results indicate that the sale price is trending up. Comparing May 2016 to April 2016, Pacific Palisades saw a 24% increase in average sale price, but a 2% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR - MAY 2016
$941,057
$764,832
$1,343,857
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$565.86
$513.61
$652.18
$-
AVERAGE SOLD PRICE
$944,714
$750,526
$1,388,571
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$-
$568.06
$504.00
$673.88
TOTAL CONDOS SOLD
23
16
7
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
10
5
4
1
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
1.3
0.9
1.7
-
100%
98%
103%
0%
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
$-
12
5
7
-
CONDOS MAR - MAY 2015 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
4.0
7.8
1.3
-
101%
101%
101%
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
-12%
1%
4%
0%
0%
8%
6%
0%
-13%
-2%
6%
0%
-1%
5%
9%
0%
TOTAL CONDOS SOLD
92%
220%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-38%
-62%
33%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-67%
-88%
33%
0%
0%
-3%
3%
0%
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 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,384,261
$907,400
$1,475,807
$2,197,250
$738.08
$821.92
$727.06
$743.82
$1,534,791
$898,061
$1,513,485
$8,075,000 $2,733.58
$818.34
$813.46
$745.62
TOTAL SFH SOLD
96
18
76
2
TOTAL SFH FOR SALE AT END OF PERIOD
109
25
73
11
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.4
4.2
2.9
16.5
111%
99%
103%
368%
SFH MAR - MAY 2015
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
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
8%
3%
1%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
7%
14%
6%
0%
AVERAGE SOLD PRICE
18%
0%
2%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
17%
10%
8%
0%
TOTAL SFH SOLD
1%
-40%
17%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
153%
47%
181%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
151%
145%
140%
0%
9%
-3%
1%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
46
PALMS - MAR VISTA
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Palms - Mar Vista there were 34 single family home sales in May 2016, down from 37 in May 2015 and a 10% increase from the 31 sales closed last month. The average list price for single family home sales in May 2016 was $1,393,200 compared to $1,235,275 for May 2015, representing a 13% increase. For the three-month period from March to May 2016, the average list price was 8% higher than the same period of the prior year. Average sales price for May 2016 was $1,419,106, compared to that of March through May 2016, which was $1,534,791. These results indicate that the sale price is trending down. Comparing May 2016 to April 2016, Palms - Mar Vista saw a 23% 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 2016
$591,670
$591,670
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$498.29
$498.29
$-
$-
$609,389
$609,389
$-
$-
$513.22
$513.22
$-
$-
28
28
-
-
9
9
-
-
1.0
1.0
-
-
103%
103%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$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
-
-
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
CONDOS MAR - MAY 2015
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
-
0.8
0.8
-
-
101%
101%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
13%
13%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
5%
5%
0%
0%
AVERAGE SOLD PRICE
15%
15%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
6%
6%
0%
0%
TOTAL CONDOS SOLD
-3%
-3%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
13%
13%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
17%
17%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2%
2%
0%
0%
(Source: MLS/CLAW)
47
PLAYA DEL REY
SINGLE FAMILY HOME SALES Playa Del Rey is a bedroom community along the beach, south and adjacent to the Marina Del Rey harbor channel. Its early history dates back to a land grant in 1839 from the Mexican governor. Today Playa Del Rey real estate includes a mix of 1920’s homes, beach cottages from the 1940’s and multi-million dollar elegant new houses. Only 10 minutes from Los Angeles International Airport, Playa Del Rey also is home to Dockweiler Beach Park, a popular short term camping area for recreational vehicles. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAR - MAY 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,660,636
$970,000
$1,729,700
$-
$594.01
$866.85
$583.71
$-
$1,649,382
$977,200
$1,716,600
$$-
$589.98
$873.28
$579.29
TOTAL SFH SOLD
11
1
10
-
TOTAL SFH FOR SALE AT END OF PERIOD
24
1
16
7
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
6.5
3.0
4.8
-
99%
101%
99%
0%
ALL
< $1M
$1M - $3M
> $3M
$2,244,273
$859,000
$2,233,667
$3,725,000
SFH MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$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
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON AVERAGE LIST PRICE
-26%
13%
-23%
-100%
AVERAGE LIST PRICE PER SQUARE FOOT
12%
94%
12%
-100%
AVERAGE SOLD PRICE
-23%
16%
-19%
-100%
AVERAGE SOLD PRICE PER SQUARE FOOT
16%
100%
17%
-100%
TOTAL SFH SOLD
0%
0%
11%
-100%
TOTAL SFH FOR SALE AT END OF PERIOD
500%
0%
300%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
500%
0%
260%
0%
4%
3%
5%
-100%
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 15 condominium sales in May 2016, up from 14 in May 2015 and a 7% increase from the 14 sales closed last month. The average list price for condo sales in May 2016 was $540,527 compared to $463,714 for May 2015, representing a 17% increase. For the three-month period from March to May 2016, the average list price was 18% higher than the same period of the prior year. Average sales price for May 2016 was $552,040, compared to that of March through May 2016, which was $574,740. These results indicate that the sale price is trending down. Comparing May 2016 to April 2016, Playa Del Rey saw a 12% decrease in average sale price, but a 16% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR - MAY 2016
$565,754
$532,942
$1,222,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$534.98
$513.95
$831.86
$-
AVERAGE SOLD PRICE
$574,740
$544,228
$1,185,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$543.48
$524.83
$806.67
$-
TOTAL CONDOS SOLD
42
40
2
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
16
13
3
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.1
1.0
4.5
-
102%
102%
97%
0%
ALL
< $1M
$1M - $3M
> $3M
$479,979
$479,979
$-
$-
$475.85
$475.85
$-
$-
$485,786
$485,786
$-
$-
$481.60
$481.60
$-
$-
47
47
-
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
11
8
3
AVERAGE MONTHLY SUPPLY OF INVENTORY
0.7
0.5
-
-
101%
101%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
18%
11%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
12%
8%
0%
0%
AVERAGE SOLD PRICE
18%
12%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
13%
9%
0%
0%
TOTAL CONDOS SOLD
-11%
-15%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
45%
63%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
63%
91%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
1%
0%
0%
(Source: MLS/CLAW)
49
PLAYA VISTA
SINGLE FAMILY HOME SALES Playa Vista, bordered by Marina Del Rey, Loyola Marymount University and Westchester, was recognized in1998 as one of the most technologically advanced communities ever planned and has led the nation as an early model for sustainable development. With a range of properties from luxury to affordable, Playa Vista features an array of parks, recreational amenities and a wildlife preserve. Playa Vista is a fully connected community with complete broadband and telecommunications capabilities and is home to gaming giants Electronic Arts and the architectural firm of Frank Gehry. The area features a mix of luxury and affordable housing. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAR - MAY 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,740,000
$-
$1,740,000
$-
$689.20
$-
$689.20
$-
$1,692,000
$-
$1,692,000
$-
$670.19
$-
$670.19
$-
TOTAL SFH SOLD
3
-
3
-
TOTAL SFH FOR SALE AT END OF PERIOD
7
-
7
-
7.0
-
7.0
-
97%
0%
97%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR - MAY 2015
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%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
-3%
0%
-3%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
41%
0%
41%
0%
AVERAGE SOLD PRICE
-6%
0%
-6%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
37%
0%
37%
0%
TOTAL SFH SOLD
-40%
0%
-40%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
133%
0%
133%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
289%
0%
289%
0%
-3%
0%
-3%
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
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 2016, which is the same as May 2015 and a 9% decrease from the 11 sales closed last month. The average list price for condo sales in May 2016 was $1,017,050 almost matching $975,560 for May 2015. For the three-month period from March to May 2016, the average list price was 15% higher than the same period of the prior year. Average sales price for May 2016 was $1,033,100, compared to that of March through May 2016, which was $947,054. These results indicate that the sale price is trending up. Comparing May 2016 to April 2016, Playa Vista saw a 18% increase in average sale price, and a 8% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2016
ALL
< $1M
$1M - $3M
> $3M
$941,640
$841,089
$1,281,000
$-
$627.04
$617.35
$649.64
$-
AVERAGE SOLD PRICE
$947,054
$846,033
$1,288,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$630.65
$620.98
$653.19
$-
35
27
8
-
7
3
4
-
0.6
0.3
1.5
-
101%
101%
101%
0%
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
-
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 2015 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
5
4
1
0.5
0.4
1.5
-
99%
100%
95%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
15%
11%
-27%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
23%
25%
-4%
0%
AVERAGE SOLD PRICE
16%
11%
-23%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
24%
26%
2%
0%
6%
-13%
300%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
40%
-25%
300%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
32%
-14%
0%
0%
1%
1%
6%
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 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,959,068
$949,450
$1,914,732
$4,311,433
$1,056.48
$935.42
$1,066.16
$1,053.32
$2,910,388
$917,500
$1,919,940
$4,198,770
$1,038.52
$903.94
$1,069.06
$1,024.21
TOTAL SFH SOLD
67
2
35
30
TOTAL SFH FOR SALE AT END OF PERIOD
119
2
49
68
AVERAGE MONTHLY SUPPLY OF INVENTORY
5.3
3.0
4.2
6.8
98%
97%
100%
97%
ALL
< $1M
$1M - $3M
> $3M
$2,580,500
$729,000
$1,794,617
$4,519,900
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$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
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON AVERAGE LIST PRICE
15%
30%
7%
-5%
AVERAGE LIST PRICE PER SQUARE FOOT
-8%
-20%
2%
-15%
AVERAGE SOLD PRICE
10%
20%
3%
-8%
AVERAGE SOLD PRICE PER SQUARE FOOT
-11%
-26%
-2%
-18%
TOTAL SFH SOLD
-1%
100%
-26%
50%
TOTAL SFH FOR SALE AT END OF PERIOD
133%
100%
206%
100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
137%
0%
311%
33%
-4%
-8%
-3%
-4%
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
52
SANTA MONICA
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Santa Monica there were 42 condominium sales in May 2016, down from 48 in May 2015 and a 56% increase from the 27 sales closed last month. The average list price for condo sales in May 2016 was $1,316,986 compared to $1,250,719 for May 2015, representing a 5% increase. For the three-month period from March to May 2016, the average list price was 9% higher than the same period of the prior year. Average sales price for May 2016 was $1,314,283, compared to that of March through May 2016, which was $1,373,309. These results indicate that the sale price is trending down. Comparing May 2016 to April 2016, Santa Monica saw a 10% decrease in average sale price, but a 4% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,388,500
$743,047
$1,652,943
$4,970,000
$1,015.85
$696.88
$1,040.91
$2,371.41
$1,373,309
$768,606
$1,637,937
$4,570,000 $2,180.55
$1,006.13
$720.85
$1,034.15
TOTAL CONDOS SOLD
99
47
47
5
TOTAL CONDOS FOR SALE AT END OF PERIOD
64
27
27
10
AVERAGE SOLD PRICE PER SQUARE FOOT
1.9
1.7
1.7
6.0
99%
103%
99%
92%
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
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%
> $3M
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2015 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 ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
9%
8%
9%
10%
AVERAGE LIST PRICE PER SQUARE FOOT
7%
-1%
7%
27%
AVERAGE SOLD PRICE
7%
11%
7%
3%
AVERAGE SOLD PRICE PER SQUARE FOOT
6%
1%
5%
19%
TOTAL CONDOS SOLD
-24%
-11%
-36%
25%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-26%
-10%
-48%
100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-3%
1%
-18%
60%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-2%
2%
-2%
-6%
(Source: MLS/CLAW)
53
SILVERLAKE - ECHO PARK
SINGLE FAMILY HOME SALES
The hilly neighborhood of Silverlake can be found east of Hollywood and northwest of Downtown Los Angeles. Silverlake is the home of its namesake reservoir and its reputable music scene. The community is both socioeconomically and ethnically diverse bringing it tremendous character. Echo Park is one of Los Angeles’ most long-established neighborhoods, finding its origin in the late 1880’s. Its rolling hills and steep bluffs enrich this prime location featuring Craftsman-style homes, Spanish-style bungalows, and modern architecture. This Eastside enclave is the home to the annual Lotus Festival, the Cuban Festival, and historic Filipinotown as well as many famous residents. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAR - MAY 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$999,264
$763,342
$1,367,891
$-
$635.20
$577.63
$695.44
$-
$1,026,765
$781,057
$1,410,683
$-
$653.14
$591.97
$717.16
$-
TOTAL SFH SOLD
82
50
32
-
TOTAL SFH FOR SALE AT END OF PERIOD
98
64
34
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.6
3.8
3.2
-
103%
102%
103%
0%
ALL
< $1M
$1M - $3M
> $3M
$876,471
$676,731
$1,299,846
$4,250,000
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
$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
AVERAGE LIST PRICE
14%
13%
5%
-100%
AVERAGE LIST PRICE PER SQUARE FOOT
9%
5%
9%
-100%
AVERAGE SOLD PRICE
15%
15%
6%
-100%
AVERAGE SOLD PRICE PER SQUARE FOOT
10%
7%
8%
-100%
TOTAL SFH SOLD
-17%
-31%
23%
-100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON
TOTAL SFH FOR SALE AT END OF PERIOD
69%
39%
183%
AVERAGE MONTHLY SUPPLY OF INVENTORY
104%
100%
130%
0%
1%
2%
0%
-100%
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
54
SILVERLAKE - ECHO PARK
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Silver Lake - Echo Park there were 23 single family home sales in May 2016, down from 32 in May 2015 and a 8% decrease from the 25 sales closed last month. The average list price for single family home sales in May 2016 was $974,791 compared to $836,858 for May 2015, representing a 16% increase. For the three-month period from March to May 2016, the average list price was 14% higher than the same period of the prior year. Average sales price for May 2016 was $1,016,733, compared to that of March through May 2016, which was $1,026,765. These results indicate that the sale price is trending down. Comparing May 2016 to April 2016, Silver Lake - Echo Park saw a 4% increase in average sale price, and a 22% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR - MAY 2016
$647,746
$647,746
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$494.70
$494.70
$-
$-
$649,600
$649,600
$-
$-
AVERAGE SOLD PRICE
$496.11
$496.11
$-
$-
TOTAL CONDOS SOLD
13
13
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
12
12
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.8
2.8
-
-
100%
100%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$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
$-
15
14
1
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2015
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
6
6
-
1.2
1.3
-
-
100%
100%
105%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
-9%
-7%
-100%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
6%
6%
-100%
0%
AVERAGE SOLD PRICE
-9%
-6%
-100%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
6%
6%
-100%
0%
TOTAL CONDOS SOLD
-13%
-7%
-100%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
100%
100%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
131%
115%
0%
0%
0%
0%
-100%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
55
SUNSET STRIP-HOLLYWOOD HILLS SINGLE FAMILY HOME SALES The Sunset Strip is the world famous stretch of Sunset Boulevard in West Hollwood that stretches from Hollywood to Beverly Hills. The Strip, which includes Sunset Plaza, is known for its famous collection of shops and boutiques, cafes and restaurants, rock joints, and night clubs. It is easily idenifiable with its colorful collection of billboards and is located at the base of the Hollywood Hills and is just below the famed “Bird Streets” – from Blue Jay, Tanager and Thrush Ways to Nightingale, and Kinglet Drives - a favorite area of A-List celebrities from Hollywood stars to the most well known international music acts to call home. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAR - MAY 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,593,340
$832,039
$1,773,958
$6,362,200
$921.70
$596.12
$726.98
$1,380.13
$2,491,160
$839,949
$1,747,885
$5,952,762 $1,301.00
$892.29
$598.65
$719.25
TOTAL SFH SOLD
117
20
72
25
TOTAL SFH FOR SALE AT END OF PERIOD
410
26
185
199
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY
10.5
3.9
7.7
23.9
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
96%
101%
99%
94%
ALL
< $1M
$1M - $3M
> $3M
$2,279,772
$817,042
$1,739,952
$5,767,968
SFH MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$844.35
$641.12
$780.80
$1,057.61
$2,232,899
$807,688
$1,721,200
$5,576,034
$773.39
$1,024.70 19
$830.19
$635.71
TOTAL SFH SOLD
111
18
74
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
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON AVERAGE LIST PRICE
14%
2%
2%
10%
AVERAGE LIST PRICE PER SQUARE FOOT
9%
-7%
-7%
30%
AVERAGE SOLD PRICE
12%
4%
2%
7%
AVERAGE SOLD PRICE PER SQUARE FOOT
7%
-6%
-7%
27%
TOTAL SFH SOLD
5%
11%
-3%
32%
TOTAL SFH FOR SALE AT END OF PERIOD
98%
63%
85%
119%
AVERAGE MONTHLY SUPPLY OF INVENTORY
88%
46%
90%
66%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-2%
2%
0%
-3% (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 28 single family home sales in May 2016, down from 46 in May 2015 and a 22% decrease from the 36 sales closed last month. The average list price for single family home sales in May 2016 was $2,537,639 almost matching $2,504,395 for May 2015. For the three-month period from March to May 2016, the average list price was 14% higher than the same period of the prior year. Average sales price for May 2016 was $2,454,393, compared to that of March through May 2016, which was $2,491,160. These results indicate that the sale price is trending down. Comparing May 2016 to April 2016, Sunset Strip - Hollywood Hills West saw a 2% increase in average sale price, but was flat compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$700,943
$526,084
$1,516,333
$4,200,000
$619.74
$504.35
$778.67
$2,511.96
$694,158
$521,456
$1,499,500
$4,150,000
$613.74
$499.92
$770.03
$2,482.06
TOTAL CONDOS SOLD
38
34
3
1
TOTAL CONDOS FOR SALE AT END OF PERIOD
33
27
5
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.6
2.4
5.0
3.0
99%
99%
99%
99%
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
26
24
1
1 -
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2015 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
26
21
5
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.0
2.6
15.0
-
98%
98%
96%
96%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
7%
3%
32%
14%
AVERAGE LIST PRICE PER SQUARE FOOT
8%
7%
35%
17%
AVERAGE SOLD PRICE
8%
4%
36%
17%
AVERAGE SOLD PRICE PER SQUARE FOOT
9%
8%
39%
21%
TOTAL CONDOS SOLD
46%
42%
200%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
27%
29%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-13%
-9%
-67%
0%
1%
1%
3%
3%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,258,356
$726,908
$1,748,923
$-
$529.98
$523.80
$532.38
$-
$1,239,963
$724,382
$1,715,885
$$-
$522.23
$521.98
$522.33
TOTAL SFH SOLD
25
12
13
-
TOTAL SFH FOR SALE AT END OF PERIOD
79
16
51
12
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
9.5
4.0
11.8
-
99%
100%
98%
0%
ALL
< $1M
$1M - $3M
> $3M
$1,155,736
$741,967
$1,334,238
$3,545,000
SFH MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
$514.44
$497.66
$497.78
$571.59
$1,140,992
$724,228
$1,375,423
$3,329,000
$507.71
$484.97
$513.15
$536.76
TOTAL SFH SOLD
25
15
8
2
TOTAL SFH FOR SALE AT END OF PERIOD
55
18
33
4
6.6
3.6
12.4
6.0
99%
98%
103%
94%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
9%
-2%
31%
-100%
AVERAGE LIST PRICE PER SQUARE FOOT
3%
5%
7%
-100%
AVERAGE SOLD PRICE
9%
0%
25%
-100%
AVERAGE SOLD PRICE PER SQUARE FOOT
3%
8%
2%
-100%
TOTAL SFH SOLD
0%
-20%
63%
-100%
TOTAL SFH FOR SALE AT END OF PERIOD
44%
-11%
55%
200%
AVERAGE MONTHLY SUPPLY OF INVENTORY
44%
11%
-5%
-100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
2%
-5%
-100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 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
58
TOPANGA
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Topanga there were 5 single family home sales in May 2016, down from 6 in May 2015 and a 62% decrease from the 13 sales closed last month. The average list price for single family home sales in May 2016 was $1,394,400 compared to $1,289,250 for May 2015, representing an 8% increase. For the three-month period from March to May 2016, the average list price was 9% higher than the same period of the prior year. Average sales price for May 2016 was $1,446,300, compared to that of March through May 2016, which was $1,239,963. These results indicate that the sale price is trending up. Comparing May 2016 to April 2016, Topanga saw a 21% increase in average sale price, and a 16% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2016
ALL
< $1M
$1M - $3M
> $3M
$269,900
$269,900
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$234.29
$234.29
$-
$-
AVERAGE SOLD PRICE
$212,500
$212,500
$-
$-
AVERAGE LIST PRICE
$184.46
$184.46
$-
$-
TOTAL CONDOS SOLD
1
1
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
79%
79%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
$251,150
$251,150
$-
$-
$179.78
$179.78
$-
$-
$239,855
$239,855
$-
$-
$171.69
$171.69
$-
$-
2
2
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
96%
96%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
7%
7%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
30%
30%
0%
0%
AVERAGE SOLD PRICE
-11%
-11%
0%
0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2015 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
7%
7%
0%
-50%
-50%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
0%
0%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
0%
0%
0%
0%
-18%
-18%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
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 Angelesâ&#x20AC;&#x2122;s most sought-after neighborhoods. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAR - MAY 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,150,721
$-
$1,871,207
$5,435,000
$1,146.91
$-
$1,083.60
$1,501.90
$2,092,965
$-
$1,838,515
$5,082,750 $1,404.56
$1,116.11
$-
$1,064.66
TOTAL SFH SOLD
51
-
47
4
TOTAL SFH FOR SALE AT END OF PERIOD
98
1
64
33
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
5.8
-
4.1
24.8
97%
0%
98%
94%
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
$1,029.19
$-
$1,014.03
$1,063.19 10
AVERAGE LIST PRICE
TOTAL SFH SOLD
56
-
46
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
AVERAGE LIST PRICE
1%
0%
4%
49%
AVERAGE LIST PRICE PER SQUARE FOOT
11%
0%
8%
37%
AVERAGE SOLD PRICE
-1%
0%
2%
44%
AVERAGE SOLD PRICE PER SQUARE FOOT
8%
0%
5%
32%
TOTAL SFH SOLD
-9%
0%
2%
-60%
TOTAL SFH FOR SALE AT END OF PERIOD
123%
0%
68%
560%
AVERAGE MONTHLY SUPPLY OF INVENTORY
145%
0%
65%
1550%
-2%
0%
-2%
-3%
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 18 single family home sales in May 2016, up from 16 in May 2015 and a 20% increase from the 15 sales closed last month. The average list price for single family home sales in May 2016 was $2,070,056 compared to $2,190,563 for May 2015, representing a 6% decrease. For the three-month period from March to May 2016, the average list price was 1% higher than the same period of the prior year. Average sales price for May 2016 was $2,077,678, compared to that of March through May 2016, which was $2,092,965. These results indicate that the sale price is trending down. Comparing May 2016 to April 2016, Venice saw a 14% decrease in average sale price, and a 5% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,411,500
$-
$1,411,500
$-
$938.87
$-
$938.87
$-
$1,416,800
$-
$1,416,800
$-
$942.40
$-
$942.40
$-
TOTAL CONDOS SOLD
10
-
10
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
9
1
8
-
2.7
-
2.4
-
100%
0%
100%
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 2015
$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
$824.00
$801.19
$839.23
$-
9
5
4
-
AVERAGE LIST PRICE
TOTAL CONDOS SOLD 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
22%
-100%
-13%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAY/MAY COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
17%
-100%
12%
0%
AVERAGE SOLD PRICE
19%
-100%
-13%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
14%
-100%
12%
0%
TOTAL CONDOS SOLD
11%
-100%
150%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-31%
-50%
-27%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-38%
-100%
-71%
0%
-2%
-100%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
61
WEST HOLLYWOOD
SINGLE FAMILY HOME SALES West Hollywood is a thriving, diverse community on the leading edge of culture, entertainment, and design - and is home to the internationally reknown Pacific Design Center. Minutes away is the Hollywood Bowl, The Greek Theatre, and The Getty Center. The uniquely compact city boasts the Sunset Strip, Santa Monica Boulevard, Robertson, and Melrose; truly Los Angelesâ&#x20AC;&#x2122; Mecca for fashion, fine dining, unparalleled nightlife, and the 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 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,674,307
$782,633
$1,704,480
$3,595,000
$864.35
$903.39
$862.77
$858.20
$1,646,137
$794,167
$1,678,218
$3,400,000 $811.65
$849.93
$916.70
$849.65
TOTAL SFH SOLD
29
3
25
1
TOTAL SFH FOR SALE AT END OF PERIOD
71
2
50
19
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
7.3
2.0
6.0
57.0
98%
101%
98%
95%
ALL
< $1M
$1M - $3M
> $3M
$1,816,305
$898,000
$1,773,929
$3,751,750
SFH MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
$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 4
TOTAL SFH SOLD
42
7
31
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%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
-8%
-13%
-4%
-4%
AVERAGE LIST PRICE PER SQUARE FOOT
0%
22%
-5%
20%
AVERAGE SOLD PRICE
-9%
-10%
-5%
-7%
AVERAGE SOLD PRICE PER SQUARE FOOT
-1%
26%
-6%
15%
TOTAL SFH SOLD
-31%
-57%
-19%
-75%
TOTAL SFH FOR SALE AT END OF PERIOD
184%
-50%
194%
375%
AVERAGE MONTHLY SUPPLY OF INVENTORY
311%
17%
265%
1800%
-1%
3%
-1%
-3%
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
62
WEST HOLLYWOOD
CONDOMINIUM SALES MAY MARKET OVERVIEW
In West Hollywood Vicinity there were 32 condominium sales in May 2016, down from 41 in May 2015 and a 11% decrease from the 36 sales closed last month. The average list price for condo sales in May 2016 was $786,688 almost matching $760,339 for May 2015. For the three-month period from March to May 2016, the average list price was 9% higher than the same period of the prior year. Average sales price for May 2016 was $777,697, compared to that of March through May 2016, which was $766,640. These results indicate that the sale price is trending up. Comparing May 2016 to April 2016, West Hollywood Vicinity saw a 7% decrease in average sale price, but a 4% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR - MAY 2016
$774,075
$657,722
$1,390,059
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$659.06
$612.94
$807.29
$-
AVERAGE SOLD PRICE
$766,640
$654,110
$1,362,387
$-
$652.87
$609.83
$791.22
$-
107
90
17
-
71
44
26
1
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
2.0
1.5
4.6
-
99%
99%
98%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$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
$-
117
98
19
1
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2015
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
73
52
20
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.9
1.6
3.2
-
99%
99%
98%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
9%
6%
17%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
7%
5%
12%
0%
AVERAGE SOLD PRICE
9%
6%
17%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
8%
6%
13%
0%
TOTAL CONDOS SOLD
-9%
-8%
-11%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-3%
-15%
30%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
6%
-8%
45%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
0%
0%
0%
(Source: MLS/CLAW)
63
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 worldâ&#x20AC;&#x2122;s finest shopping. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) MAR - MAY 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$998,979
$739,542
$1,351,071
$-
$640.42
$580.69
$697.35
$-
$1,006,197
$743,158
$1,363,179
$$-
$643.31
$582.72
$701.05
TOTAL SFH SOLD
33
19
14
-
TOTAL SFH FOR SALE AT END OF PERIOD
41
14
26
1
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.7
2.2
5.6
-
101%
100%
101%
0%
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%
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
5%
-9%
14%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
0%
-22%
27%
0%
AVERAGE SOLD PRICE
2%
-12%
13%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
-2%
-25%
25%
0%
TOTAL SFH SOLD
38%
27%
56%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
173%
56%
333%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
99%
23%
179%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-2%
-4%
-1%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
64
WEST LOS ANGELES
CONDOMINIUM SALES MAY MARKET OVERVIEW
In West Los Angeles there were 16 condominium sales in May 2016, up from 14 in May 2015 and a 33% increase from the 12 sales closed last month. The average list price for condo sales in May 2016 was $786,869 compared to $675,500 for May 2015, representing a 16% increase. For the three-month period from March to May 2016, the average list price was 11% higher than the same period of the prior year. Average sales price for May 2016 was $793,938, compared to that of March through May 2016, which was $763,629. These results indicate that the sale price is trending up. Comparing May 2016 to April 2016, West Los Angeles saw a 2% increase in average sale price, and a 17% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR - MAY 2016
$747,969
$729,845
$1,047,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$520.35
$519.44
$531.07
$-
AVERAGE SOLD PRICE
$763,629
$746,848
$1,040,500
$-
$531.25
$531.54
$527.77
$-
TOTAL CONDOS SOLD
35
33
2
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
16
15
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.4
1.4
1.5
-
102%
102%
99%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$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
$-
52
51
1
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2015
TOTAL CONDOS SOLD 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%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAY/MAY COMPARISON
11%
10%
-15%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
9%
9%
2%
0%
AVERAGE SOLD PRICE
12%
10%
2%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
10%
10%
21%
0%
TOTAL CONDOS SOLD
-33%
-35%
100%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-6%
-6%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
40%
45%
-50%
0%
1%
0%
19%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
65
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 2016
ALL
< $1M
$1M - $3M
> $3M
$1,102,202
$841,840
$1,338,156
$-
$623.60
$636.78
$616.32
$-
$1,125,057
$858,466
$1,366,656
$-
$636.53
$649.35
$629.45
$-
61
29
32
-
TOTAL SFH FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
102%
102%
102%
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 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
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%
ALL
< $1M
$1M - $3M
> $3M
TOTAL SFH SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAY/MAY COMPARISON AVERAGE LIST PRICE
11%
4%
5%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
15%
15%
15%
0%
AVERAGE SOLD PRICE
12%
4%
6%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
15%
15%
16%
0%
TOTAL SFH SOLD
-21%
-38%
7%
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
0%
0%
1%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
66
WESTCHESTER
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Westchester there were 21 single family home sales in May 2016, down from 25 in May 2015 and a 5% increase from the 20 sales closed last month. The average list price for single family home sales in May 2016 was $1,153,524 compared to $995,920 for May 2015, representing a 16% increase. For the three-month period from March to May 2016, the average list price was 11% higher than the same period of the prior year. Average sales price for May 2016 was $1,186,143, compared to that of March through May 2016, which was $1,125,057. These results indicate that the sale price is trending up. Comparing May 2016 to April 2016, Westchester saw a 8% increase in average sale price, and a 17% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR - MAY 2016
$475,917
$475,917
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$410.75
$410.75
$-
$-
$490,000
$490,000
$-
$-
AVERAGE SOLD PRICE
$422.90
$422.90
$-
$-
TOTAL CONDOS SOLD
12
12
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
5
5
-
-
1.3
1.3
-
-
103%
103%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
$438,325
$438,325
$-
$-
$370.34
$370.34
$-
$-
$442,908
$442,908
$-
$-
$374.21
$374.21
$-
$-
12
12
-
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR - MAY 2015 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
5
5
-
1.3
1.3
-
-
101%
101%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
9%
9%
0%
0%
CONDOS MAY/MAY COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
11%
11%
0%
0%
AVERAGE SOLD PRICE
11%
11%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
13%
13%
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
2%
2%
0%
0%
(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 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,224,305
$-
$1,715,870
$4,023,385
$879.09
$-
$834.45
$961.71
$2,247,815
$-
$1,745,500
$4,025,238 $961.40
$888.34
$-
$848.86
TOTAL SFH SOLD
59
-
46
13
TOTAL SFH FOR SALE AT END OF PERIOD
79
-
52
27
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
4.0
-
3.4
6.2
101%
0%
102%
100%
ALL
< $1M
$1M - $3M
> $3M
$2,162,833
$900,000
$1,724,931
$4,489,833
SFH MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$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
AVERAGE LIST PRICE
3%
-100%
-1%
-10%
AVERAGE LIST PRICE PER SQUARE FOOT
15%
-100%
17%
8%
AVERAGE SOLD PRICE
3%
-100%
-1%
-9%
AVERAGE SOLD PRICE PER SQUARE FOOT
15%
-100%
17%
10%
TOTAL SFH SOLD
64%
-100%
59%
117%
TOTAL SFH FOR SALE AT END OF PERIOD
216%
0%
206%
238%
AVERAGE MONTHLY SUPPLY OF INVENTORY
93%
0%
93%
56%
1%
-100%
0%
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
68
WESTWOOD - CENTURY CITY
CONDOMINIUM SALES MAY MARKET OVERVIEW
In Westwood - Century City there were 46 condominium sales in May 2016, up from 40 in May 2015 and a 12% decrease from the 52 sales closed last month. The average list price for condo sales in May 2016 was $1,059,072 almost matching $1,072,297 for May 2015. For the three-month period from March to May 2016, the average list price was 8% higher than the same period of the prior year. Average sales price for May 2016 was $1,038,770, compared to that of March through May 2016, which was $1,147,856. These results indicate that the sale price is trending down. Comparing May 2016 to April 2016, Westwood - Century City saw a 27% decrease in average sale price, but a 2% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) MAR - MAY 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,201,147
$706,613
$1,540,283
$6,270,000
$725.96
$541.23
$691.25
$1,663.68
$1,147,856
$701,321
$1,506,871
$5,493,750 $1,457.71
$693.75
$537.18
$676.26
TOTAL CONDOS SOLD
149
106
35
8
TOTAL CONDOS FOR SALE AT END OF PERIOD
146
68
62
16
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.9
1.9
5.3
6.0
96%
99%
98%
88%
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
CONDOS MAR - MAY 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$630.81
$494.42
$645.47
$1,115.20
TOTAL CONDOS SOLD
143
106
26
11
TOTAL CONDOS FOR SALE AT END OF PERIOD
173
86
60
27
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.6
2.4
6.9
7.4
96%
99%
95%
90%
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
8%
6%
-6%
49%
AVERAGE LIST PRICE PER SQUARE FOOT
10%
9%
2%
35% 44%
AVERAGE SOLD PRICE
8%
6%
-4%
AVERAGE SOLD PRICE PER SQUARE FOOT
10%
9%
5%
31%
TOTAL CONDOS SOLD
4%
0%
35%
-27%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-16%
-21%
3%
-41%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-19%
-21%
-23%
-19%
0%
0%
3%
-3%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
69