Bel Air, CA | web: 0026910
Greater Los Angeles Market Update First Quarter 2014
Beverly Hills | Brentwood | Los Feliz | Malibu Pacific Palisades | Santa Monica | Sunset Strip sothebyshomes.com/losangeles
TABLE OF CONTENTS MARKET AREA
PGS.
MARKET AREA
PGS.
FEATURED LISTINGS
4-5
Malibu Beach
36-37
Bel Air - Holmby Hills
6-7
Marina Del Rey
38-39
Beverly Center - Miracle Mile 8-9
Mid Los Angeles
40-41
Beverly Hills
10-11
Mid Wilshire
42-43
Beverly Hills Post Office
12-13
Mount Washington
44-45
Beverlywood 14-15
Pacific Palisades
46-47
Brentwood 16-17
Palms - Mar Vista
48-49
Cheviot Hills - Rancho Park 18-19
Playa Del Rey
50-51
Culver City
20-21
Playa Vista
52-53
Downtown Los Angeles
22-23
Santa Monica
54-55
Eagle Rock
24-25
Silverlake - Echo Park
56-57
Hancock Park
26-27
Sunset Strip - Hlwd Hills
58-59
Hollywood 28-29
Venice
60-61
Hollywood Hills East
30-31
West Hollywood
62-63
Los Feliz
32-33
West Los Angeles
64-65
Westwood - Century City
66-67
Malibu 34-35
To view our listings please visit sothebyshomes.com/losangeles Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.
Auction & Exhibition Calendar 2014
16 29
NEW YORK APRIL A Modern Library: The Gordon Waldorf Collection John James Audubon: The Birds of America, The Viviparous Quadrupeds of North America The Inventive Eye: Photographs from a Private Collection Photographs Important Russian Works of Art, European Silver, and Vertu American Paintings, Drawings & Sculpture Magnificent Jewels
1 8 9 16 29 29 30
LONDON APRIL Made in Britain The Orientalist Sale Arts of the Islamic World Finest and Rarest Wines Furniture Collections Travel, Atlases, Maps & Natural History Old Master & British Paintings
1 1
2 8
SOTHEBY’S INTERNATIONAL REALTY AFFILIATES LLC. AN EQUAL OPPORTUNITY COMPANY. EQUAL HOUSING OPPORTUNITY. EACH OFFICE IS INDEPENDENTLY OWNED AND OPERATED.
© MMXIV SOTHEBY’S INTERNATIONAL REALTY AFFILIATES LLC. ALL RIGHTS RESERVED. SOTHEBY’S INTERNATIONAL REALTY® IS A REGISTERED TRADEMARK LICENSED TO
1
1
PARIS APRIL Picasso and the Nude: Fifty Drawings from the Marina Picasso Collection
Shown Above Left: WILLARD LEROY METCALF (1858 – 1925) A SEASIDE PASTURE SIGNED W L METCALF (LOWER LEFT) OIL ON CANVAS PAINTED IN 1910. 26 BY 29 INCHES (66 BY 73.7 CM) AMERICAN PAINTINGS, DRAWINGS & SCULPTURE NEW YORK 16 APRIL 2014
We invite you to explore our real estate listings at sothebyshomes.com and view the worldwide auction schedule at sothebys.com.
ON THE MARKET AROUND THE GLOBE
left to right from top to bottom:
IN METROPOLITAN MARKETS SAN FRANCISCO, CA | Web: 0086256 | $6,750,000 HOUSTON, TX | Web: 1230680 | $5,300,000 NEW YORK, NY | Web: 0018925 | $6,200,000 IN RESORT MARKETS BRIDGEHAMPTON, NY | Web: 0037334 | $5,950,000 BIG SUR, CA | Web: 0473646 | $5,500,000 OSTERVILLE, MA | Web: 0402787 | $4,295,000 IN FOREIGN MARKETS THAILAND | Web: SNBCEH | $5,500,000 GREECE | Web: SMM7RT | $5,242,826 UNITED KINGDOM | Web: D9YHVX | $4,947,230 sothebysrealty.com
FEATURED LISTINGS IN LOS ANGELES
LAKE ARROWHEAD, CA Web ID: 0307769 | $15,900,000 World Class waterfront estate with unobstructed lake and mountain views. Sunset Strip Brokerage Gwen Banta | 323.252.1700
MALIBU, CA Web ID: 0172680 | $8,250,000 This oceanfront, inviting contemporary is what Malibu beach living is all about. Malibu Brokerage Thomas Clements | 310.589.0220
PACIFIC PALISADES, CA Web ID: 0343255 | $5,999,000 1930 Spanish estate with ocean and canyon views on approx. .75 acres. Pacific Palisades Brokerage Graham J. Larson | 310.303.9397
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) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$7,086,100
$737,817
$1,601,047
$18,032,692
$936.13
$611.62
$571.24
$1,222.71
$6,325,987
$705,167
$1,575,263
$15,863,577 $1,159.57
$895.95
$584.55
$562.04
TOTAL SFH SOLD
38
6
19
13
TOTAL SFH FOR SALE AT END OF PERIOD
74
6
19
49
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
5.8
3.0
3.0
11.3
89%
96%
98%
88%
ALL
< $1M
$1M - $3M
> $3M
$2,956,176
$757,436
$1,621,294
$12,332,000
SFH JAN - MAR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$848.69
$404.93
$595.53
$1,396.76
$2,783,970
$738,730
$1,560,000
$11,445,000
$573.18
$1,288.12
$797.43
$394.93
TOTAL SFH SOLD
33
11
17
5
TOTAL SFH FOR SALE AT END OF PERIOD
75
7
15
53
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
6.8
1.9
2.6
31.8
94%
98%
96%
93%
ALL
< $1M
$1M - $3M
> $3M
SFH MAR/MAR COMPARISON
140%
-3%
-1%
46%
AVERAGE LIST PRICE PER SQUARE FOOT
10%
51%
-4%
-12%
AVERAGE SOLD PRICE
127%
-5%
1%
39%
AVERAGE SOLD PRICE PER SQUARE FOOT
12%
48%
-2%
-10%
TOTAL SFH SOLD
15%
-45%
12%
160%
AVERAGE LIST PRICE
-1%
-14%
27%
-8%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-14%
57%
13%
-64%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-5%
-2%
2%
-5%
TOTAL SFH FOR SALE AT END OF PERIOD
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
6
BEL AIR - HOLMBY HILLS
CONDOMINIUM SALES MARCH MARKET OVERVIEW
In Bel Air - Holmby Hills there were 17 single family home sales in March 2014, up from 13 in March 2013 and a 89% increase from the 9 sales closed last month. The average list price for single family home sales in March 2014 was $11,080,641 compared to $1,603,215 for March 2013, representing a 591% increase. For the three-month period from January to March 2014, the average list price was 140% higher than the same period of the prior year. Average sales price for March 2014 was $9,507,235, compared to that of January through March 2014, which was $6,325,987. Comparing March 2014 to February 2014, Bel Air - Holmby Hills saw a 105% increase in average sale price, and a 502% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
JAN - MAR 2014
$-
$-
$-
> $3M $-
AVERAGE LIST PRICE PER SQUARE FOOT
$-
$-
$-
$-
AVERAGE SOLD PRICE
$-
$-
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$-
$-
$-
$-
TOTAL CONDOS SOLD
-
-
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
2
1
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-
-
-
-
0%
0%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
CONDOS JAN - MAR 2013 AVERAGE LIST PRICE
$-
$-
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$-
$-
$-
$-
AVERAGE SOLD PRICE
$-
$-
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$-
$-
$-
$-
TOTAL CONDOS SOLD
-
-
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
1
1
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
0%
0%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR/MAR COMPARISON
0%
0%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
0%
0%
0%
0% 0%
AVERAGE SOLD PRICE
0%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
0%
0%
0%
0%
TOTAL CONDOS SOLD
0%
0%
0%
0%
100%
0%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
0%
0%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
0%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
(Source: MLS/CLAW)
7
BEVERLY CENTER - MIRACLE MILE
SINGLE FAMILY HOME SALES
The Beverly Center-Miracle Mile area of Los Angeles, known for its original Spanish two-story homes, duplexes and single-family homes, borders the Mid Los Angeles and Fairfax Districts as well as Hancock Park. The many original Spanish two-story homes, duplexes and single-family homes make up one of the city’s most densely populated and commercial sections. The area is home to the world-famous Los Angeles County Museum of Modern Art (LACMA), the La Brea Tar Pits and the Petersen Automotive Museum, which all make up Museum Row. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,518,073
$859,992
$1,687,720
$3,675,001
$630.11
$545.44
$667.41
$-
$1,509,175
$862,192
$1,672,340
$3,675,001
$629.87
$546.84
$666.46
$-
TOTAL SFH SOLD
40
13
25
2
TOTAL SFH FOR SALE AT END OF PERIOD
34
6
26
2
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.6
1.4
3.1
3.0
99%
100%
99%
100%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JAN - MAR 2013
$995,182
$742,053
$1,213,793
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$531.00
$472.57
$572.16
$-
$1,009,465
$739,395
$1,242,707
$-
$539.43
$470.87
$587.73
$-
TOTAL SFH SOLD
41
19
22
-
TOTAL SFH FOR SALE AT END OF PERIOD
38
13
25
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.8
2.1
3.4
-
101%
100%
102%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
53%
16%
39%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
19%
15%
17%
0%
AVERAGE SOLD PRICE
50%
17%
35%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
17%
16%
13%
0%
TOTAL SFH SOLD
-2%
-32%
14%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-11%
-54%
4%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-8%
-33%
-8%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-2%
1%
-3%
0%
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR/MAR COMPARISON
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
8
CONDOMINIUM SALES
BEVERLY CENTER - MIRACLE MILE
MARCH MARKET OVERVIEW In Beverly Center - Miracle Mile there were 17 single family home sales in March 2014, down from 18 in March 2013 and a 42% increase from the 12 sales closed last month. The average list price for single family home sales in March 2014 was $1,353,406 compared to $930,278 for March 2013, representing a 45% increase. For the three-month period from January to March 2014, the average list price was 53% higher than the same period of the prior year. Average sales price for March 2014 was $1,333,500, compared to that of January through March 2014, which was $1,509,175. Comparing March 2014 to February 2014, Beverly Center - Miracle Mile saw a 26% decrease in average sale price, but a 37% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JAN - MAR 2014
ALL
< $1M
$1M - $3M
> $3M
$650,235
$626,563
$1,029,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$550.74
$537.45
$725.67
$-
AVERAGE SOLD PRICE
$644,176
$621,938
$1,000,000
$-
AVERAGE LIST PRICE
$545.61
$533.48
$705.22
$-
TOTAL CONDOS SOLD
17
16
1
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
16
15
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.8
2.8
3.0
-
99%
99%
97%
0%
ALL
< $1M
$1M - $3M
> $3M
$566,060
$566,060
$-
$-
$398.78
$398.78
$-
$-
$556,867
$556,867
$-
$-
$392.31
$392.31
$-
$-
15
15
-
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JAN - MAR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
13
11
2
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.6
2.2
-
-
98%
98%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR/MAR COMPARISON
15%
11%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
38%
35%
0%
0%
AVERAGE SOLD PRICE
16%
12%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
39%
36%
0%
0%
TOTAL CONDOS SOLD
13%
7%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
23%
36%
-50%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
9%
28%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
1%
1%
0%
0%
(Source: MLS/CLAW)
9
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) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$6,942,000
$-
$2,029,500
$8,514,000
$1,341.78
$-
$781.74
$1,423.07
$6,457,008
$-
$2,024,284
$7,875,480 $1,315.02
$1,247.13
$-
$779.38
TOTAL SFH SOLD
33
-
8
25
TOTAL SFH FOR SALE AT END OF PERIOD
55
-
12
43
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
5.0
-
4.5
5.2
93%
0%
100%
93%
ALL
< $1M
$1M - $3M
> $3M
$5,421,371
$850,000
$1,689,833
$7,392,119
SFH JAN - MAR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$1,078.14
$405.24
$769.62
$1,144.80
$5,323,976
$852,000
$1,721,167
$7,234,027
$783.89
$1,120.32
$1,058.77
$406.20
TOTAL SFH SOLD
24
2
6
16
TOTAL SFH FOR SALE AT END OF PERIOD
66
-
11
55
AVERAGE SOLD PRICE PER SQUARE FOOT
8.3
-
5.5
10.3
98%
100%
102%
98%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
28%
-100%
20%
15%
AVERAGE LIST PRICE PER SQUARE FOOT
24%
-100%
2%
24%
AVERAGE SOLD PRICE
21%
-100%
18%
9%
AVERAGE SOLD PRICE PER SQUARE FOOT
18%
-100%
-1%
17%
TOTAL SFH SOLD
33%
56%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR/MAR COMPARISON
38%
-100%
TOTAL SFH FOR SALE AT END OF PERIOD
-17%
0%
9%
-22%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-39%
0%
-18%
-50%
-5%
-100%
-2%
-5%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
10
BEVERLY HILLS
CONDOMINIUM SALES MARCH MARKET OVERVIEW
In Beverly Hills there were 11 single family home sales in March 2014, down from 13 in March 2013 and a 10% increase from the 10 sales closed last month. The average list price for single family home sales in March 2014 was $6,088,545 compared to $4,921,069 for March 2013, representing a 24% increase. For the three-month period from January to March 2014, the average list price was 28% higher than the same period of the prior year. Average sales price for March 2014 was $5,482,479, compared to that of January through March 2014, which was $6,457,008. Comparing March 2014 to February 2014, Beverly Hills saw a 34% decrease in average sale price, but a 11% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,559,391
$804,090
$1,529,182
$10,200,000
$791.71
$520.63
$688.03
$2,639.07
$1,488,543
$797,636
$1,496,591
$9,000,000 $2,328.59
$755.74
$516.45
$673.37
TOTAL CONDOS SOLD
23
11
11
1
TOTAL CONDOS FOR SALE AT END OF PERIOD
41
17
22
2
AVERAGE SOLD PRICE PER SQUARE FOOT
5.3
4.6
6.0
6.0
95%
99%
98%
88%
ALL
< $1M
$1M - $3M
> $3M
$1,050,346
$697,158
$1,372,600
$3,600,000
$561.76
$456.60
$591.03
$881.70
AVERAGE SOLD PRICE
$991,954
$680,832
$1,291,000
$3,200,000
AVERAGE SOLD PRICE PER SQUARE FOOT
$530.02
$445.53
$555.89
$783.74
26
19
5
2
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JAN - MAR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
27
11
15
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.1
1.7
9.0
1.5
94%
98%
94%
89%
> $3M
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
MAR/MAR COMPARISON
48%
15%
11%
183%
AVERAGE LIST PRICE PER SQUARE FOOT
41%
14%
16%
199%
AVERAGE SOLD PRICE
50%
17%
16%
181%
AVERAGE SOLD PRICE PER SQUARE FOOT
43%
16%
21%
197%
TOTAL CONDOS SOLD
-12%
-42%
120%
-50%
TOTAL CONDOS FOR SALE AT END OF PERIOD
52%
55%
47%
100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
72%
167%
-33%
300%
1%
2%
4%
-1%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
11
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) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$3,703,735
$913,333
$2,050,722
$6,636,462
$854.99
$589.88
$661.94
$1,001.97
$3,532,850
$926,333
$2,055,105
$6,180,462 $935.41
$817.56
$598.28
$663.35
TOTAL SFH SOLD
34
3
18
13
TOTAL SFH FOR SALE AT END OF PERIOD
82
4
32
46
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
7.2
4.0
5.3
10.6
95%
101%
100%
93%
ALL
< $1M
$1M - $3M
> $3M
$2,192,000
$893,250
$1,927,500
$4,204,000
SFH JAN - MAR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$640.47
$511.39
$609.05
$737.24
$2,114,726
$853,550
$1,866,190
$4,032,500 $707.17
$618.03
$490.60
$589.68
TOTAL SFH SOLD
36
4
26
6
TOTAL SFH FOR SALE AT END OF PERIOD
64
1
22
41
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
5.3
0.8
2.5
20.5
96%
96%
97%
96%
ALL
< $1M
$1M - $3M
> $3M
SFH MAR/MAR COMPARISON AVERAGE LIST PRICE
69%
2%
6%
58%
AVERAGE LIST PRICE PER SQUARE FOOT
33%
15%
9%
36%
AVERAGE SOLD PRICE
67%
9%
10%
53%
AVERAGE SOLD PRICE PER SQUARE FOOT
32%
22%
12%
32%
TOTAL SFH SOLD
-31%
117%
-6%
-25%
TOTAL SFH FOR SALE AT END OF PERIOD
28%
300%
45%
12%
AVERAGE MONTHLY SUPPLY OF INVENTORY
36%
433%
110%
-48%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-1%
6%
4%
-3% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
12
BEVERLY HILLS POST OFFICE
CONDOMINIUM SALES
MARCH MARKET OVERVIEW
In Beverly Hills Post Office there were 12 single family home sales in March 2014, down from 16 in March 2013 and a 20% increase from the 10 sales closed last month. The average list price for single family home sales in March 2014 was $5,958,083 compared to $2,397,125 for March 2013, representing a 149% increase. For the three-month period from January to March 2014, the average list price was 69% higher than the same period of the prior year. Average sales price for March 2014 was $5,612,825, compared to that of January through March 2014, which was $3,532,850. Comparing March 2014 to February 2014, Beverly Hills Post Office saw a 121% increase in average sale price, and a 137% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
JAN - MAR 2014
$-
$-
$-
> $3M $-
AVERAGE LIST PRICE PER SQUARE FOOT
$-
$-
$-
$-
AVERAGE SOLD PRICE
$-
$-
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$-
$-
$-
$-
TOTAL CONDOS SOLD
-
-
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-
-
-
-
0%
0%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
CONDOS JAN - MAR 2013 AVERAGE LIST PRICE
$-
$-
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$-
$-
$-
$-
AVERAGE SOLD PRICE
$-
$-
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$-
$-
$-
$-
-
-
-
-
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
0%
0%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR/MAR 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)
13
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) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,037,342
$734,141
$1,600,429
$-
$549.69
$516.72
$581.29
$-
$1,017,075
$719,846
$1,569,071
$-
$538.95
$506.66
$569.91
$-
TOTAL SFH SOLD
40
26
14
-
TOTAL SFH FOR SALE AT END OF PERIOD
37
24
13
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.8
2.8
2.8
-
98%
98%
98%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JAN - MAR 2013
ALL
< $1M
$1M - $3M
> $3M
$864,985
$691,190
$1,873,000
$-
$477.23
$445.26
$563.88
$-
$850,926
$683,741
$1,820,600
$-
$469.47
$440.46
$548.11
$-
TOTAL SFH SOLD
34
29
5
-
TOTAL SFH FOR SALE AT END OF PERIOD
12
10
2
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.1
1.0
1.2
-
98%
99%
97%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR/MAR COMPARISON AVERAGE LIST PRICE
20%
6%
-15%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
15%
16%
3%
0%
AVERAGE SOLD PRICE
20%
5%
-14%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
15%
15%
4%
0%
TOTAL SFH SOLD
18%
-10%
180%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
208%
140%
550%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
162%
168%
132%
0%
0%
-1%
1%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
14
BEVERLYWOOD
CONDOMINIUM SALES MARCH MARKET OVERVIEW
In Beverlywood there were 18 single family home sales in March 2014, up from 15 in March 2013 and a 80% increase from the 10 sales closed last month. The average list price for single family home sales in March 2014 was $1,172,099 compared to $774,913 for March 2013, representing a 51% increase. For the three-month period from January to March 2014, the average list price was 20% higher than the same period of the prior year. Average sales price for March 2014 was $1,143,111, compared to that of January through March 2014, which was $1,017,075. Comparing March 2014 to February 2014, Beverlywood saw a 25% increase in average sale price, and a 50% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JAN - MAR 2014
$558,518
$558,518
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$424.58
$424.58
$-
$-
$556,645
$556,645
$-
$-
AVERAGE SOLD PRICE
$423.16
$423.16
$-
$-
TOTAL CONDOS SOLD
11
11
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
12
12
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.3
3.3
-
-
100%
100%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$484,874
$484,874
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$336.95
$336.95
$-
$-
AVERAGE SOLD PRICE
$491,455
$491,455
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$341.53
$341.53
$-
$-
11
11
-
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JAN - MAR 2013
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
7
6
1
1.9
1.6
-
-
101%
101%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR/MAR COMPARISON
15%
15%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
26%
26%
0%
0%
AVERAGE SOLD PRICE
13%
13%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
24%
24%
0%
0%
TOTAL CONDOS SOLD
0%
0%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
71%
100%
-100%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
71%
100%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-2%
-2%
0%
0%
(Source: MLS/CLAW)
15
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) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$3,233,061
$749,000
$2,121,947
$5,048,077
$957.17
$907.88
$783.72
$1,121.63
$3,242,322
$755,000
$2,099,844
$5,103,430 $1,129.24
$957.18
$915.15
$775.56
TOTAL SFH SOLD
33
1
19
13
TOTAL SFH FOR SALE AT END OF PERIOD
74
1
29
44
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
6.7
3.0
4.6
10.2
100%
101%
99%
101%
ALL
< $1M
$1M - $3M
> $3M
$2,642,939
$999,800
$1,834,333
$4,635,346
SFH JAN - MAR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
$802.87
$644.62
$620.88
$1,084.41
$2,598,347
$805,000
$1,828,448
$4,512,985
$789.03
$519.02
$618.79
$1,055.78
TOTAL SFH SOLD
44
1
30
13
TOTAL SFH FOR SALE AT END OF PERIOD
69
2
34
33
4.7
6.0
3.4
7.6
98%
81%
100%
97%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
22%
-25%
16%
9%
AVERAGE LIST PRICE PER SQUARE FOOT
19%
41%
26%
3%
AVERAGE SOLD PRICE
25%
-6%
15%
13%
AVERAGE SOLD PRICE PER SQUARE FOOT
21%
76%
25%
7%
TOTAL SFH SOLD
-25%
0%
-37%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR/MAR COMPARISON
TOTAL SFH FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
7%
-50%
-15%
33%
43%
-50%
35%
33%
2%
25%
-1%
4% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
16
BRENTWOOD
CONDOMINIUM SALES MARCH MARKET OVERVIEW
In Brentwood there were 7 single family home sales in March 2014, down from 16 in March 2013 and a 50% decrease from the 14 sales closed last month. The average list price for single family home sales in March 2014 was $2,567,857 almost matching $2,491,156 for March 2013. For the three-month period from January to March 2014, the average list price was 22% higher than the same period of the prior year. Average sales price for March 2014 was $2,641,429, compared to that of January through March 2014, which was $3,242,322. Comparing March 2014 to February 2014, Brentwood saw a 33% decrease in average sale price, but a 6% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JAN - MAR 2014
$795,418
$654,548
$1,249,333
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$513.09
$489.84
$557.79
$-
AVERAGE SOLD PRICE
$787,091
$656,878
$1,206,667
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$507.72
$491.59
$538.74
$-
TOTAL CONDOS SOLD
38
29
9
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
47
35
12
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.7
3.6
4.0
-
99%
100%
97%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$702,347
$686,496
$1,059,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$468.62
$463.47
$559.43
$-
$700,680
$685,155
$1,050,000
$-
$467.51
$462.56
$554.68
$-
47
45
2
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JAN - MAR 2013
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
33
25
8
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.1
1.7
12.0
-
100%
100%
99%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR/MAR COMPARISON
13%
-5%
18%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
9%
6%
0%
0%
AVERAGE SOLD PRICE
12%
-4%
15%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
9%
6%
-3%
0%
TOTAL CONDOS SOLD
-19%
-36%
350%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
42%
40%
50%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
76%
117%
-67%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-1%
1%
-3%
0%
(Source: MLS/CLAW)
17
CHEVIOT HILLS - RANCHO PARK
SINGLE FAMILY HOME SALES
Cheviot Hills and Rancho Park are both situated within a short drive of Fox Studios and Sony Studios. Cheviot Hills provides excellent views of much of the Los Angeles. Cheviot Hills’ gently rolling hills are reminiscent of the Cheviot Hills area of Scotland, which is how the area got its name. Rancho Park, though a small residential neighborhood in West Los Angeles, is one of the few districts in Los Angeles where fall foliage can be seen. Nestled between Westwood and Cheviot Hills, Rancho Park is mostly filled with single-family homes and tree-lined streets. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,870,200
$-
$1,870,200
$-
$601.02
$-
$601.02
$-
$1,856,180
$-
$1,856,180
$$-
$600.66
$-
$600.66
TOTAL SFH SOLD
10
-
10
-
TOTAL SFH FOR SALE AT END OF PERIOD
10
-
7
3
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.0
-
2.1
-
99%
0%
99%
0%
SFH JAN - MAR 2013
ALL
< $1M
$1M - $3M
> $3M
$1,376,962
$834,125
$1,618,222
$-
$613.67
$521.82
$642.32
$-
$1,427,069
$841,004
$1,687,543
$-
$641.57
$526.12
$677.59
$-
TOTAL SFH SOLD
13
4
9
-
TOTAL SFH FOR SALE AT END OF PERIOD
9
2
5
2
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
2.1
1.5
1.7
-
104%
101%
104%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
36%
-100%
16%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
-2%
-100%
-6%
0%
AVERAGE SOLD PRICE
30%
-100%
10%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
-6%
-100%
-11%
0%
-23%
-100%
11%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
11%
-100%
40%
50%
AVERAGE MONTHLY SUPPLY OF INVENTORY
44%
-100%
26%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-4%
-100%
-5%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR/MAR COMPARISON
TOTAL SFH SOLD
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
18
CHEVIOT HILLS - RANCHO PARK
CONDOMINIUM SALES MARCH MARKET OVERVIEW
In Cheviot Hills - Rancho Park there were 2 single family home sales in March 2014, down from 8 in March 2013 and a 60% decrease from the 5 sales closed last month. The average list price for single family home sales in March 2014 was $1,399,000 almost matching $1,454,063 for March 2013. For the three-month period from January to March 2014, the average list price was 36% higher than the same period of the prior year. Average sales price for March 2014 was $1,525,900, compared to that of January through March 2014, which was $1,856,180. Comparing March 2014 to February 2014, Cheviot Hills - Rancho Park saw a 24% decrease in average sale price, but a 2% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$575,000
$575,000
$-
$-
$432.33
$432.33
$-
$-
$585,000
$585,000
$-
$-
$439.85
$439.85
$-
$-
TOTAL CONDOS SOLD
1
1
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
102%
102%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JAN - MAR 2013 AVERAGE LIST PRICE
$-
$-
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$-
$-
$-
$-
AVERAGE SOLD PRICE
$-
$-
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$-
$-
$-
$-
TOTAL CONDOS SOLD
-
-
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
0%
0%
0%
0%
> $3M
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
MAR/MAR 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)
19
CULVER CITY
SINGLE FAMILY HOME SALES Charming Culver City, with its condos and traditional and Spanish-style homes, is a town of galleries, shops, cafes and entrepreneurial businesses. Culver City has been a focal point for motion picture studios since the 1920s and more recently for television production, having been home to MGM Studios, the Culver Studios and now Sony Picture Entertainment. Home of the Kirk Douglas Theatre, Helms Bakeries and the Culver Hotel, Culver City’s condos, traditional homes and Spanish-style homes offer a combination of urban living and small town charm. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$769,912
$703,934
$1,113,000
$-
$515.21
$514.14
$518.59
$-
$775,403
$708,558
$1,123,000
$-
$520.01
$518.99
$523.25
$-
TOTAL SFH SOLD
31
26
5
-
TOTAL SFH FOR SALE AT END OF PERIOD
12
7
5
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.2
0.8
3.0
-
101%
101%
101%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JAN - MAR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
ALL
< $1M
$1M - $3M
> $3M
$753,092
$713,558
$1,079,250
$-
$451.70
$452.30
$448.47
$-
$756,279
$722,525
$1,034,750
$-
$453.61
$457.98
$429.98
$-
TOTAL SFH SOLD
37
33
4
-
TOTAL SFH FOR SALE AT END OF PERIOD
27
20
7
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.2
1.8
5.3
-
100%
101%
96%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR/MAR COMPARISON AVERAGE LIST PRICE
2%
-1%
3%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
14%
14%
16%
0%
AVERAGE SOLD PRICE
3%
-2%
9%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
15%
13%
22%
0%
TOTAL SFH SOLD
-16%
-21%
25%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-56%
-65%
-29%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-47%
-56%
-43%
0%
0%
-1%
5%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
20
CULVER CITY
CONDOMINIUM SALES MARCH MARKET OVERVIEW
In Culver City there were 8 single family home sales in March 2014, down from 13 in March 2013 and a 38% decrease from the 13 sales closed last month. The average list price for single family home sales in March 2014 was $718,611 compared to $784,569 for March 2013, representing an 8% decrease. For the three-month period from January to March 2014, the average list price was 2% higher than the same period of the prior year. Average sales price for March 2014 was $720,125, compared to that of January through March 2014, which was $775,403. Comparing March 2014 to February 2014, Culver City saw a 16% decrease in average sale price, and a 8% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$468,444
$468,444
$-
$-
$377.74
$377.74
$-
$-
$473,888
$473,888
$-
$-
$382.13
$382.13
$-
$-
TOTAL CONDOS SOLD
32
32
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
23
23
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.2
2.2
-
-
101%
101%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$368,091
$368,091
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$294.23
$294.23
$-
$-
AVERAGE SOLD PRICE
$370,601
$370,601
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$296.23
$296.23
$-
$-
47
47
-
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JAN - MAR 2013
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
9
9
-
0.6
0.6
-
-
101%
101%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR/MAR COMPARISON
27%
27%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
28%
28%
0%
0%
AVERAGE SOLD PRICE
28%
28%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
29%
29%
0%
0%
TOTAL CONDOS SOLD
-32%
-32%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
156%
156%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
275%
275%
0%
0%
0%
0%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
21
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) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$247,077
$247,077
$-
$-
$181.82
$181.82
$-
$-
$246,431
$246,431
$-
$$-
$181.35
$181.35
$-
TOTAL SFH SOLD
31
31
-
-
TOTAL SFH FOR SALE AT END OF PERIOD
23
20
1
2
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.2
1.9
-
-
100%
100%
0%
0%
SFH JAN - MAR 2013
ALL
< $1M
$1M - $3M
> $3M
$226,486
$226,486
$-
$-
$181.22
$181.22
$-
$-
$210,725
$210,725
$-
$-
$168.61
$168.61
$-
$-
TOTAL SFH SOLD
27
27
-
-
TOTAL SFH FOR SALE AT END OF PERIOD
18
18
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.0
2.0
-
-
93%
93%
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 MAR/MAR COMPARISON AVERAGE LIST PRICE
9%
9%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
0%
0%
0%
0%
AVERAGE SOLD PRICE
17%
17%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
8%
8%
0%
0%
TOTAL SFH SOLD
15%
15%
0%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
28%
11%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
11%
-3%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
7%
7%
0%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
22
DOWNTOWN LOS ANGELES
CONDOMINIUM SALES MARCH MARKET OVERVIEW
In Downtown L.A. there were 45 condominium sales in March 2014, up from 35 in March 2013 and a 36% increase from the 33 sales closed last month. The average list price for condo sales in March 2014 was $638,627 compared to $584,324 for March 2013, representing a 9% increase. For the three-month period from January to March 2014, the average list price was 3% higher than the same period of the prior year. Average sales price for March 2014 was $630,116, compared to that of January through March 2014, which was $559,301. Comparing March 2014 to February 2014, Downtown L.A. saw a 14% increase in average sale price, and a 9% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$566,886
$511,578
$1,380,714
$-
$518.73
$496.20
$689.37
$-
$559,301
$506,409
$1,337,571
$$-
$511.78
$491.18
$667.83
TOTAL CONDOS SOLD
110
103
7
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
91
79
9
3
AVERAGE SOLD PRICE PER SQUARE FOOT
2.5
2.3
3.9
-
99%
99%
97%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$552,783
$447,302
$1,401,429
$4,422,000
AVERAGE LIST PRICE PER SQUARE FOOT
$443.50
$392.16
$622.66
$1,032.94
AVERAGE SOLD PRICE
$543,242
$446,499
$1,334,714
$4,000,000
$435.66
$391.35
$593.02
$934.36
101
93
7
1
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JAN - MAR 2013
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
69
50
15
4
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.0
1.6
6.4
12.0
98%
100%
95%
90%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR/MAR COMPARISON
3%
14%
-1%
-100%
AVERAGE LIST PRICE PER SQUARE FOOT
17%
27%
11%
-100% -100%
AVERAGE SOLD PRICE
3%
13%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
17%
26%
13%
-100%
TOTAL CONDOS SOLD
9%
11%
0%
-100%
TOTAL CONDOS FOR SALE AT END OF PERIOD
32%
58%
-40%
-25%
AVERAGE MONTHLY SUPPLY OF INVENTORY
21%
43%
-40%
-100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
-1%
2%
-100%
(Source: MLS/CLAW)
23
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) JAN - MAR 2014
ALL
< $1M
$1M - $3M
> $3M
$585,610
$573,062
$1,075,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$389.81
$392.74
$338.48
$-
AVERAGE SOLD PRICE
$601,716
$591,503
$1,000,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE LIST PRICE
$400.32
$405.20
$314.86
$-
TOTAL SFH SOLD
40
39
1
-
TOTAL SFH FOR SALE AT END OF PERIOD
37
36
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.8
2.8
3.0
-
103%
103%
93%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JAN - MAR 2013
$497,415
$497,415
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$341.21
$341.21
$-
$-
AVERAGE SOLD PRICE
$507,642
$507,642
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$348.37
$348.37
$-
$-
TOTAL SFH SOLD
40
40
-
-
TOTAL SFH FOR SALE AT END OF PERIOD
20
18
1
1
1.5
1.4
-
-
102%
102%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
18%
15%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
14%
15%
0%
0%
AVERAGE SOLD PRICE
19%
17%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
15%
16%
0%
0%
TOTAL SFH SOLD
0%
-3%
0%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
85%
100%
0%
-100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
85%
105%
0%
0%
1%
1%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR/MAR COMPARISON
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
24
EAGLE ROCK
CONDOMINIUM SALES MARCH MARKET OVERVIEW
In Eagle Rock there were 11 single family home sales in March 2014, down from 12 in March 2013 and a 8% decrease from the 12 sales closed last month. The average list price for single family home sales in March 2014 was $627,491 compared to $506,533 for March 2013, representing a 24% increase. For the three-month period from January to March 2014, the average list price was 18% higher than the same period of the prior year. Average sales price for March 2014 was $639,091, compared to that of January through March 2014, which was $601,716. Comparing March 2014 to February 2014, Eagle Rock saw a 9% increase in average sale price, and a 23% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$385,000
$385,000
$-
$-
$289.15
$289.15
$-
$-
$380,000
$380,000
$-
$-
$285.39
$285.39
$-
$-
TOTAL CONDOS SOLD
2
2
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
2
2
-
-
3.0
3.0
-
-
99%
99%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JAN - MAR 2013 AVERAGE LIST PRICE
$-
$-
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$-
$-
$-
$-
AVERAGE SOLD PRICE
$-
$-
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$-
$-
$-
$-
TOTAL CONDOS SOLD
-
-
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
1
1
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
0%
0%
0%
0%
> $3M
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
MAR/MAR COMPARISON
0%
0%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
0%
0%
0%
0%
AVERAGE SOLD PRICE
0%
0%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
0%
0%
0%
0% 0%
0%
0%
0%
100%
100%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
0%
0%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
0%
0%
0%
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
(Source: MLS/CLAW)
25
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) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,900,778
$815,833
$1,782,248
$4,492,111
$613.57
$404.42
$609.73
$763.40
$1,870,852
$808,731
$1,776,269
$4,331,389 $736.09
$604.01
$400.90
$608.30
TOTAL SFH SOLD
59
18
32
9
TOTAL SFH FOR SALE AT END OF PERIOD
69
16
40
13
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.5
2.7
3.8
4.3
98%
99%
100%
96%
ALL
< $1M
$1M - $3M
> $3M
$1,024,401
$704,412
$1,343,445
$3,749,500
SFH JAN - MAR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$442.08
$366.74
$498.27
$670.51
$1,014,439
$701,071
$1,317,000
$3,737,500
$490.24
$668.37
$438.47
$365.00
TOTAL SFH SOLD
41
28
11
2
TOTAL SFH FOR SALE AT END OF PERIOD
53
10
29
14
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.9
1.1
7.9
21.0
99%
100%
98%
100%
ALL
< $1M
$1M - $3M
> $3M 20%
SFH MAR/MAR COMPARISON AVERAGE LIST PRICE
86%
16%
33%
AVERAGE LIST PRICE PER SQUARE FOOT
39%
10%
22%
14%
AVERAGE SOLD PRICE
84%
15%
35%
16%
AVERAGE SOLD PRICE PER SQUARE FOOT
38%
10%
24%
10%
TOTAL SFH SOLD
44%
-36%
191%
350%
TOTAL SFH FOR SALE AT END OF PERIOD
30%
60%
38%
-7%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-10%
149%
-53%
-79%
-1%
0%
2%
-3%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
26
CONDOMINIUM SALES
HANCOCK PARK
MARCH MARKET OVERVIEW
In Hancock Park - Wilshire there were 22 single family home sales in March 2014, up from 18 in March 2013 and a 5% increase from the 21 sales closed last month. The average list price for single family home sales in March 2014 was $1,695,136 compared to $1,185,106 for March 2013, representing a 43% increase. For the three-month period from January to March 2014, the average list price was 86% higher than the same period of the prior year. Average sales price for March 2014 was $1,668,689, compared to that of January through March 2014, which was $1,870,852. Comparing March 2014 to February 2014, Hancock Park - Wilshire saw a 24% decrease in average sale price, but a 41% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JAN - MAR 2014
$512,489
$512,489
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$410.95
$410.95
$-
$-
$505,400
$505,400
$-
$-
AVERAGE SOLD PRICE
$405.27
$405.27
$-
$-
TOTAL CONDOS SOLD
36
36
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
50
47
3
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
4.2
3.9
-
-
99%
99%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JAN - MAR 2013
$468,783
$468,783
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$343.25
$343.25
$-
$-
AVERAGE SOLD PRICE
$461,610
$461,610
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$338.47
$338.47
$-
$-
29
29
-
-
AVERAGE LIST PRICE
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
34
31
3
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.5
3.2
-
-
98%
98%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
9%
9%
0%
0%
20%
20%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS MAR/MAR COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
9%
9%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
20%
20%
0%
0%
AVERAGE SOLD PRICE TOTAL CONDOS SOLD
24%
24%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
47%
52%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
18%
22%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
0%
0%
0%
(Source: MLS/CLAW)
27
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) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL SFH SOLD TOTAL SFH FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
ALL
< $1M
$1M - $3M
> $3M
$976,722
$549,300
$1,511,000
$-
$545.41
$463.00
$604.60
$-
$1,002,889
$525,000
$1,600,250
$-
$546.15
$442.52
$620.58
$-
9
5
4
-
23
17
5
1
7.7
10.2
3.8
-
103%
96%
106%
0%
SFH ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JAN - MAR 2013
$699,692
$547,909
$1,534,500
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$390.55
$327.34
$629.15
$-
$690,692
$554,000
$1,442,500
$-
$385.53
$330.98
$591.43
$-
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL SFH SOLD
13
11
2
-
TOTAL SFH FOR SALE AT END OF PERIOD
10
10
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.3
2.7
-
-
99%
101%
94%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR/MAR COMPARISON AVERAGE LIST PRICE
40%
0%
-2%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
40%
41%
-4%
0%
AVERAGE SOLD PRICE
45%
-5%
11%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
42%
34%
5%
0%
TOTAL SFH SOLD
-31%
-55%
100%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
130%
70%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
232%
274%
0%
0%
4%
-5%
13%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
28
HOLLYWOOD
CONDOMINIUM SALES MARCH MARKET OVERVIEW
In Hollywood there were 7 condominium sales in March 2014, down from 11 in March 2013 and a 17% increase from the 6 sales closed last month. The average list price for condo sales in March 2014 was $596,500 compared to $521,036 for March 2013, representing a 14% increase. For the three-month period from January to March 2014, the average list price was 7% higher than the same period of the prior year. Average sales price for March 2014 was $595,929, compared to that of January through March 2014, which was $563,250. Comparing March 2014 to February 2014, Hollywood saw a 18% increase in average sale price, and a 16% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$565,349
$565,349
$-
$-
$454.92
$454.92
$-
$-
$563,250
$563,250
$-
$$-
$453.23
$453.23
$-
TOTAL CONDOS SOLD
20
20
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
41
30
10
1
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
6.2
4.5
-
-
100%
100%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
CONDOS JAN - MAR 2013
$526,636
$526,636
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$424.56
$424.56
$-
$-
AVERAGE SOLD PRICE
$521,482
$521,482
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$420.40
$420.40
$-
$-
25
25
-
-
AVERAGE LIST PRICE
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
25
22
3
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.0
2.6
-
-
99%
99%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR/MAR COMPARISON
7%
7%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
7%
7%
0%
0%
AVERAGE SOLD PRICE
8%
8%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
8%
8%
0%
0%
TOTAL CONDOS SOLD
-20%
-20%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
64%
36%
233%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
105%
70%
0%
0%
1%
1%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
29
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) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,369,074
$891,875
$1,463,056
$3,495,000
$544.15
$410.55
$598.55
$512.09
$1,350,791
$839,044
$1,459,111
$3,495,000 $512.09
$536.61
$387.57
$595.44
TOTAL SFH SOLD
27
8
18
1
TOTAL SFH FOR SALE AT END OF PERIOD
41
9
30
2
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
4.6
3.4
5.0
6.0
99%
94%
100%
100%
SFH JAN - MAR 2013
ALL
< $1M
$1M - $3M
> $3M
$1,018,050
$804,705
$1,316,733
$-
$432.43
$404.60
$463.33
$-
$1,009,650
$796,619
$1,307,893
$-
$428.93
$400.53
$460.47
$-
TOTAL SFH SOLD
36
21
15
-
TOTAL SFH FOR SALE AT END OF PERIOD
32
14
14
4
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
2.7
2.0
2.8
-
99%
99%
99%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
34%
11%
11%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
26%
1%
29%
0%
AVERAGE SOLD PRICE
34%
5%
12%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
25%
-3%
29%
0%
TOTAL SFH SOLD
-25%
-62%
20%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
28%
-36%
114%
-50%
AVERAGE MONTHLY SUPPLY OF INVENTORY
71%
69%
79%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-1%
-5%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR/MAR COMPARISON
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
30
HOLLYWOOD HILLS EAST
CONDOMINIUM SALES MARCH MARKET OVERVIEW
In Hollywood Hills East there were 9 single family home sales in March 2014, down from 12 in March 2013 and a 29% increase from the 7 sales closed last month. The average list price for single family home sales in March 2014 was $1,052,222 almost matching $1,093,117 for March 2013. For the three-month period from January to March 2014, the average list price was 34% higher than the same period of the prior year. Average sales price for March 2014 was $1,023,999, compared to that of January through March 2014, which was $1,350,791. Comparing March 2014 to February 2014, Hollywood Hills East saw a 39% decrease in average sale price, and a 7% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$452,600
$452,600
$-
$-
$401.56
$401.56
$-
$-
$455,400
$455,400
$-
$-
$404.05
$404.05
$-
$-
TOTAL CONDOS SOLD
10
10
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
6
5
1
-
1.8
1.5
-
-
101%
101%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
$403,245
$403,245
$-
$-
$344.41
$344.41
$-
$-
$393,264
$393,264
$-
$-
$335.89
$335.89
$-
$-
11
11
-
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JAN - MAR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2
2
-
0.5
0.5
-
-
98%
98%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR/MAR COMPARISON
12%
12%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
17%
17%
0%
0%
AVERAGE SOLD PRICE
16%
16%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
20%
20%
0%
0%
-9%
-9%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
200%
150%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
230%
175%
0%
0%
3%
3%
0%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
31
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) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,578,669
$757,800
$1,813,304
$6,894,000
$638.72
$469.54
$649.30
$928.36
$1,545,799
$759,346
$1,766,025
$6,673,333 $898.64
$626.52
$470.50
$634.44
TOTAL SFH SOLD
52
26
23
3
TOTAL SFH FOR SALE AT END OF PERIOD
61
16
34
11
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.5
1.8
4.4
11.0
98%
100%
97%
97%
ALL
< $1M
$1M - $3M
> $3M
$1,067,948
$664,997
$1,500,679
$3,950,000
SFH JAN - MAR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$513.25
$450.75
$536.40
$805.14
$1,061,133
$665,379
$1,495,803
$3,650,000
$534.66
$743.99
$510.03
$451.22
TOTAL SFH SOLD
60
34
25
1
TOTAL SFH FOR SALE AT END OF PERIOD
52
12
29
11
AVERAGE SOLD PRICE PER SQUARE FOOT
2.6
1.1
3.5
33.0
99%
100%
100%
92%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
48%
14%
21%
75%
AVERAGE LIST PRICE PER SQUARE FOOT
24%
4%
21%
15%
AVERAGE SOLD PRICE
46%
14%
18%
83%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR/MAR COMPARISON
AVERAGE SOLD PRICE PER SQUARE FOOT
23%
4%
19%
21%
TOTAL SFH SOLD
-13%
-24%
-8%
200%
TOTAL SFH FOR SALE AT END OF PERIOD
17%
33%
17%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
35%
74%
27%
-67%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-1%
0%
-2%
5% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
32
LOS FELIZ
CONDOMINIUM SALES MARCH MARKET OVERVIEW
In Los Feliz there were 22 single family home sales in March 2014, down from 27 in March 2013 and a 38% increase from the 16 sales closed last month. The average list price for single family home sales in March 2014 was $1,799,864 compared to $1,115,211 for March 2013, representing a 61% increase. For the three-month period from January to March 2014, the average list price was 48% higher than the same period of the prior year. Average sales price for March 2014 was $1,787,273, compared to that of January through March 2014, which was $1,545,799. Comparing March 2014 to February 2014, Los Feliz saw a 36% increase in average sale price, and a 58% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$424,667
$424,667
$-
$-
$442.51
$442.51
$-
$-
$429,333
$429,333
$-
$-
$447.38
$447.38
$-
$-
TOTAL CONDOS SOLD
6
6
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
1
1
-
-
0.5
0.5
-
-
101%
101%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
$422,340
$422,340
$-
$-
$389.97
$389.97
$-
$-
$423,000
$423,000
$-
$-
$390.58
$390.58
$-
$-
5
5
-
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JAN - MAR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
1
1
-
0.6
0.6
-
-
100%
100%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
1%
1%
0%
0%
13%
13%
0%
0%
CONDOS MAR/MAR COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
1%
1%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
15%
15%
0%
0%
TOTAL CONDOS SOLD
20%
20%
0%
0%
0%
0%
0%
0%
-17%
-17%
0%
0%
1%
1%
0%
0%
AVERAGE SOLD PRICE
TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
33
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) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,956,403
$766,500
$1,994,614
$7,243,750
$746.77
$397.49
$618.89
$1,074.76
$2,684,887
$712,500
$1,877,087
$6,385,625 $927.89
$675.07
$369.49
$582.42
TOTAL SFH SOLD
36
6
22
8
TOTAL SFH FOR SALE AT END OF PERIOD
155
3
58
94
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY
12.9
1.5
7.9
35.3
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
91%
93%
94%
88%
ALL
< $1M
$1M - $3M
> $3M
$1,855,692
$896,836
$1,743,944
$3,957,980
SFH JAN - MAR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$608.55
$386.57
$572.71
$938.27
$1,774,292
$782,500
$1,664,557
$3,909,000 $926.65
$582.10
$337.28
$546.87
TOTAL SFH SOLD
46
7
34
5
TOTAL SFH FOR SALE AT END OF PERIOD
140
7
67
66
AVERAGE SOLD PRICE PER SQUARE FOOT
9.1
3.0
5.9
39.6
96%
87%
95%
99%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
59%
-15%
14%
83%
AVERAGE LIST PRICE PER SQUARE FOOT
23%
3%
8%
15%
AVERAGE SOLD PRICE
51%
-9%
13%
63%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR/MAR COMPARISON
AVERAGE SOLD PRICE PER SQUARE FOOT
16%
10%
7%
0%
TOTAL SFH SOLD
-22%
-14%
-35%
60%
TOTAL SFH FOR SALE AT END OF PERIOD
11%
-57%
-13%
42%
AVERAGE MONTHLY SUPPLY OF INVENTORY
41%
-50%
34%
-11%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-5%
7%
-1%
-11% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
34
MALIBU
CONDOMINIUM SALES MARCH MARKET OVERVIEW
In Malibu there were 10 single family home sales in March 2014, down from 24 in March 2013 and a 38% decrease from the 16 sales closed last month. The average list price for single family home sales in March 2014 was $2,467,850 compared to $1,694,571 for March 2013, representing a 46% increase. For the three-month period from January to March 2014, the average list price was 59% higher than the same period of the prior year. Average sales price for March 2014 was $2,334,700, compared to that of January through March 2014, which was $2,684,887. Comparing March 2014 to February 2014, Malibu saw a 15% decrease in average sale price, but a 46% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JAN - MAR 2014
$829,488
$662,857
$1,995,900
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$546.30
$435.15
$1,344.95
$-
AVERAGE SOLD PRICE
$833,875
$633,000
$2,240,000
$-
$549.19
$415.55
$1,509.43
$-
TOTAL CONDOS SOLD
8
7
1
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
12
9
3
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
4.5
3.9
9.0
-
101%
95%
112%
0%
ALL
< $1M
$1M - $3M
> $3M
$1,379,333
$747,700
$1,625,000
$7,450,000
$758.29
$492.39
$605.44
$1,881.79
$1,263,583
$716,300
$1,500,000
$6,500,000
$694.66
$471.72
$558.87
$1,641.83
12
10
1
1 -
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JAN - MAR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
14
10
4
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.5
3.0
12.0
-
92%
96%
92%
87%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR/MAR COMPARISON
-40%
-11%
23%
-100%
AVERAGE LIST PRICE PER SQUARE FOOT
-28%
-12%
122%
-100% -100%
AVERAGE SOLD PRICE
-34%
-12%
49%
AVERAGE SOLD PRICE PER SQUARE FOOT
-21%
-12%
170%
-100%
TOTAL CONDOS SOLD
-33%
-30%
0%
-100%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-14%
-10%
-25%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
29%
29%
-25%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
10%
0%
22%
-100%
(Source: MLS/CLAW)
35
SINGLE FAMILY HOME SALES
MALIBU BEACH
Where the majestic Pacific meets golden sands, Malibu Beach is conveniently located within short drives of Santa Monica, Beverly Hills and Los Angeles International Airport. The area’s beachfront properties, vineyards and ranches are the destination for some of the most influential people, seeking a unique supply of Malibu Beach real estate. Malibu Beach offers the best of the best, from luxurious beachfront properties on the sand to extraordinary estates, mansions, vineyards, and ranches on the bluffs overlooking the Pacific Ocean and lining the hillsides with views of the Channel Islands offshore. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JAN - MAR 2014 AVERAGE LIST PRICE
ALL
< $1M
$1M - $3M
> $3M
$7,268,300
$-
$2,224,000
$8,529,375
$2,571.03
$-
$1,492.62
$2,698.10
AVERAGE SOLD PRICE
$6,767,250
$-
$2,103,750
$7,933,125
AVERAGE SOLD PRICE PER SQUARE FOOT
$2,509.49
AVERAGE LIST PRICE PER SQUARE FOOT
$2,393.79
$-
$1,411.91
TOTAL SFH SOLD
10
-
2
8
TOTAL SFH FOR SALE AT END OF PERIOD
64
-
12
52
AVERAGE MONTHLY SUPPLY OF INVENTORY
19.2
-
18.0
19.5
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
93%
0%
95%
93%
SFH JAN - MAR 2013
ALL
< $1M
$1M - $3M
> $3M
$9,562,500
$-
$1,722,500
$13,482,500
AVERAGE LIST PRICE PER SQUARE FOOT
$2,822.32
$-
$956.15
$3,224.32
AVERAGE SOLD PRICE
$7,138,325
$-
$1,814,975
$9,800,000
AVERAGE SOLD PRICE PER SQUARE FOOT
$2,106.84
$-
$1,007.48
$2,343.66
6
-
2
4
64
-
7
57
AVERAGE LIST PRICE
TOTAL SFH SOLD TOTAL SFH FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY
32.0
-
10.5
42.8
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
75%
0%
105%
73%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
-24%
0%
29%
-37%
AVERAGE LIST PRICE PER SQUARE FOOT
-9%
0%
56%
-16%
AVERAGE SOLD PRICE
-5%
0%
16%
-19%
AVERAGE SOLD PRICE PER SQUARE FOOT
14%
0%
40%
7%
TOTAL SFH SOLD
67%
0%
0%
100%
SFH MAR/MAR COMPARISON
0%
0%
71%
-9%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-40%
0%
71%
-54%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
25%
0%
-10%
28%
TOTAL SFH FOR SALE AT END OF PERIOD
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
36
CONDOMINIUM SALES
MALIBU BEACH
MARCH MARKET OVERVIEW In Malibu Beach there were 4 single family home sales in March 2014, up from 2 in March 2013 and a similar performance from the 4 sales closed last month. The average list price for single family home sales in March 2014 was $5,893,500 compared to $8,072,500 for March 2013, representing a 27% decrease. For the three-month period from January to March 2014, the average list price was 24% lower than the same period of the prior year. Average sales price for March 2014 was $5,666,250, compared to that of January through March 2014, which was $6,767,250. Comparing March 2014 to February 2014, Malibu Beach saw a 36% decrease in average sale price, and a 9% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,108,500
$967,000
$2,500,000
$4,000,000
$1,874.64
$1,199.75
$2,369.67
$2,183.41
$1,864,500
$899,000
$1,885,000
$3,775,000 $2,060.59
$1,657.70
$1,115.38
$1,786.73
TOTAL CONDOS SOLD
4
2
1
1
TOTAL CONDOS FOR SALE AT END OF PERIOD
19
14
3
2
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
14.3
21.0
9.0
6.0
88%
93%
75%
94%
ALL
< $1M
$1M - $3M
> $3M
$3,197,000
$-
$3,197,000
$-
$1,737.97
$-
$1,737.97
$-
$2,775,000
$-
$2,775,000
$-
$1,508.56
$-
$1,508.56
$-
2
-
2
-
CONDOS JAN - MAR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
13
12
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
19.5
-
1.5
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
87%
0%
87%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
CONDOS MAR/MAR COMPARISON
ALL
< $1M
$1M - $3M
> $3M
-34%
0%
-22%
0%
8%
0%
36%
0%
AVERAGE SOLD PRICE
-33%
0%
-32%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
10%
0%
18%
0%
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
TOTAL CONDOS SOLD
100%
0%
-50%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
46%
17%
200%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-27%
0%
500%
0%
2%
0%
-13%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
37
MARINA DEL REY
SINGLE FAMILY HOME SALES With its blue waters and gleaming boats, sitting in the world’s largest manmade smallcraft harbor, Marina del Rey is an oasis of leisure and elegance in sunny Southern California. Offering relaxing and beautiful views of the Pacific, Marina del Rey is home to both estates and beach condominiums, and has access to boating, sailing, fishing and a variety of water sports. Marina Del Rey is conveniently located five miles from Los Angeles International Airport and just minutes from the San Diego and Marina freeways. Adjacent to Venice Beach and Santa Monica, Marina Del Rey is also close to major shopping malls, movie theaters, Hollywood, Beverly Hills and Downtown Los Angeles. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,585,800
$728,333
$1,953,286
$-
$616.11
$577.13
$622.83
$-
$1,524,200
$771,000
$1,847,000
$$-
$592.18
$610.94
$588.94
TOTAL SFH SOLD
10
3
7
-
TOTAL SFH FOR SALE AT END OF PERIOD
14
2
6
6
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
4.2
2.0
2.6
-
96%
106%
95%
0%
ALL
< $1M
$1M - $3M
> $3M
$1,851,500
$768,500
$1,732,571
$4,850,000
SFH JAN - MAR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$536.34
$515.60
$470.41
$842.31
$1,795,900
$793,000
$1,660,429
$4,750,000
$450.82
$824.94
$520.23
$532.04
TOTAL SFH SOLD
10
2
7
1
TOTAL SFH FOR SALE AT END OF PERIOD
10
-
5
5
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.0
-
2.1
15.0
97%
103%
96%
98%
ALL
< $1M
$1M - $3M
> $3M
SFH MAR/MAR COMPARISON AVERAGE LIST PRICE
-14%
-5%
13%
-100%
AVERAGE LIST PRICE PER SQUARE FOOT
15%
12%
32%
-100%
AVERAGE SOLD PRICE
-15%
-3%
11%
-100%
AVERAGE SOLD PRICE PER SQUARE FOOT
14%
15%
31%
-100%
TOTAL SFH SOLD
0%
50%
0%
-100%
TOTAL SFH FOR SALE AT END OF PERIOD
40%
0%
20%
20%
AVERAGE MONTHLY SUPPLY OF INVENTORY
40%
0%
20%
-100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-1%
3%
-1%
-100% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
38
MARINA DEL REY
CONDOMINIUM SALES MARCH MARKET OVERVIEW
In Marina Del Rey there were 22 condominium sales in March 2014, down from 25 in March 2013 and a 12% decrease from the 25 sales closed last month. The average list price for condo sales in March 2014 was $798,400 compared to $718,868 for March 2013, representing an 11% increase. For the three-month period from January to March 2014, the average list price was 24% higher than the same period of the prior year. Average sales price for March 2014 was $773,105, compared to that of January through March 2014, which was $826,709. Comparing March 2014 to February 2014, Marina Del Rey saw a 2% increase in average sale price, and a 7% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$849,347
$697,641
$1,471,000
$3,750,000
$513.44
$443.05
$764.60
$974.53
$826,709
$683,639
$1,402,111
$3,660,000 $951.14
$499.74
$434.18
$728.79
TOTAL CONDOS SOLD
66
56
9
1
TOTAL CONDOS FOR SALE AT END OF PERIOD
101
64
35
2
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
4.6
3.4
11.7
6.0
97%
98%
95%
98%
ALL
< $1M
$1M - $3M
> $3M
$684,094
$549,325
$1,522,656
$-
$457.78
$378.81
$824.05
$-
$679,424
$550,135
$1,483,889
$-
$455.19
$380.19
$803.07
$-
65
56
9
2
CONDOS JAN - MAR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
76
30
44
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.5
1.6
14.7
-
99%
100%
97%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR/MAR COMPARISON
24%
27%
-3%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
12%
17%
-7%
0%
AVERAGE SOLD PRICE
22%
24%
-6%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
10%
14%
-9%
0%
2%
0%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
33%
113%
-20%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
31%
113%
-20%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-2%
-2%
-2%
0%
TOTAL CONDOS SOLD
(Source: MLS/CLAW)
39
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
JAN - MAR 2014
$471,211
$462,501
$1,229,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$290.52
$287.36
$441.45
$-
AVERAGE SOLD PRICE
$469,138
$460,910
$1,185,000
$-
$289.31
$286.45
$425.65
$-
TOTAL SFH SOLD
88
87
1
-
TOTAL SFH FOR SALE AT END OF PERIOD
76
72
4
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.6
2.5
12.0
-
100%
100%
96%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JAN - MAR 2013
ALL
< $1M
$1M - $3M
> $3M
$343,808
$343,808
$-
$-
$229.48
$229.48
$-
$-
$344,602
$344,602
$-
$-
$230.01
$230.01
$-
$-
TOTAL SFH SOLD
87
87
-
-
TOTAL SFH FOR SALE AT END OF PERIOD
40
37
3
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.4
1.3
-
-
100%
100%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
37%
35%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
27%
25%
0%
0%
AVERAGE SOLD PRICE
36%
34%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
26%
25%
0%
0%
1%
0%
0%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
90%
95%
33%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
88%
95%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-1%
-1%
0%
0%
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR/MAR COMPARISON
TOTAL SFH SOLD
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
40
MID LOS ANGELES
CONDOMINIUM SALES MARCH MARKET OVERVIEW
In Mid Los Angeles there were 39 single family home sales in March 2014, up from 34 in March 2013 and a 56% increase from the 25 sales closed last month. The average list price for single family home sales in March 2014 was $443,520 compared to $385,791 for March 2013, representing a 15% increase. For the three-month period from January to March 2014, the average list price was 37% higher than the same period of the prior year. Average sales price for March 2014 was $442,091, compared to that of January through March 2014, which was $469,138. Comparing March 2014 to February 2014, Mid Los Angeles saw a 15% decrease in average sale price, but a 16% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$295,300
$295,300
$-
$-
$245.27
$245.27
$-
$-
$299,000
$299,000
$-
$-
$248.34
$248.34
$-
$-
TOTAL CONDOS SOLD
3
3
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
4
4
-
-
4.0
4.0
-
-
101%
101%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$243,793
$243,793
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$234.35
$234.35
$-
$-
AVERAGE SOLD PRICE
$245,193
$245,193
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$235.70
$235.70
$-
$-
7
7
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
101%
101%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JAN - MAR 2013
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR/MAR COMPARISON
21%
21%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
5%
5%
0%
0%
22%
22%
0%
0%
5%
5%
0%
0%
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
-57%
-57%
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
1%
1%
0%
0%
TOTAL CONDOS SOLD
(Source: MLS/CLAW)
41
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) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL SFH SOLD TOTAL SFH FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
ALL
< $1M
$1M - $3M
> $3M
$605,633
$605,633
$-
$-
$370.04
$370.04
$-
$-
$623,667
$623,667
$-
$-
$381.06
$381.06
$-
$-
3
3
-
-
22
17
5
-
22.0
17.0
-
-
103%
103%
0%
0%
SFH JAN - MAR 2013
ALL
< $1M
$1M - $3M
> $3M
$422,050
$422,050
$-
$-
$283.03
$283.03
$-
$-
AVERAGE SOLD PRICE
$438,484
$438,484
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$294.05
$294.05
$-
$-
TOTAL SFH SOLD
16
16
-
-
TOTAL SFH FOR SALE AT END OF PERIOD
18
17
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.4
3.2
-
-
104%
104%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
43%
43%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
31%
31%
0%
0%
AVERAGE SOLD PRICE
42%
42%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
30%
30%
0%
0%
TOTAL SFH SOLD
-81%
-81%
0%
0%
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR/MAR COMPARISON
TOTAL SFH FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
22%
0%
400%
0%
552%
433%
0%
0%
-1%
-1%
0%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
42
MID WILSHIRE
CONDOMINIUM SALES MARCH MARKET OVERVIEW
In Mid Wilshire there were 13 condominium sales in March 2014, up from 10 in March 2013 and a 7% decrease from the 14 sales closed last month. The average list price for condo sales in March 2014 was $392,077 almost matching $401,590 for March 2013. For the three-month period from January to March 2014, the average list price was 25% higher than the same period of the prior year. Average sales price for March 2014 was $376,500, compared to that of January through March 2014, which was $442,329. Comparing March 2014 to February 2014, Mid Wilshire saw a 18% decrease in average sale price, and a 6% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JAN - MAR 2014
$455,214
$455,214
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$373.85
$373.85
$-
$-
$442,329
$442,329
$-
$-
AVERAGE SOLD PRICE
$363.27
$363.27
$-
$-
TOTAL CONDOS SOLD
35
35
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
57
56
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
4.9
4.8
-
-
97%
97%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JAN - MAR 2013
$363,400
$363,400
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$332.58
$332.58
$-
$-
AVERAGE SOLD PRICE
$362,728
$362,728
$-
$-
$331.97
$331.97
$-
$-
39
39
-
-
AVERAGE LIST PRICE
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
33
31
2
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.5
2.4
-
-
100%
100%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR/MAR COMPARISON
25%
25%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
12%
12%
0%
0%
AVERAGE SOLD PRICE
22%
22%
0%
0%
9%
9%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
-10%
-10%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
73%
81%
-50%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
92%
101%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-3%
-3%
0%
0%
(Source: MLS/CLAW)
43
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) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$549,835
$549,835
$-
$-
$397.98
$397.98
$-
$-
$552,050
$552,050
$-
$-
$400.41
$400.41
$-
$-
TOTAL SFH SOLD
28
28
-
-
TOTAL SFH FOR SALE AT END OF PERIOD
26
25
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.8
2.7
-
-
100%
100%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JAN - MAR 2013
$477,182
$477,182
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$300.90
$300.90
$-
$-
AVERAGE SOLD PRICE
$484,572
$484,572
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$305.56
$305.56
$-
$-
TOTAL SFH SOLD
36
36
-
-
TOTAL SFH FOR SALE AT END OF PERIOD
15
15
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.3
1.3
-
-
102%
102%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR/MAR COMPARISON AVERAGE LIST PRICE
15%
15%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
32%
32%
0%
0%
AVERAGE SOLD PRICE
14%
14%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
31%
31%
0%
0%
TOTAL SFH SOLD
-22%
-22%
0%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
73%
67%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
123%
114%
0%
0%
-1%
-1%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
44
MOUNT WASHINGTON
CONDOMINIUM SALES MARCH MARKET OVERVIEW
In Mount Washington there were 9 single family home sales in March 2014, down from 17 in March 2013 and a similar performance from the 9 sales closed last month. The average list price for single family home sales in March 2014 was $562,422 compared to $499,114 for March 2013, representing a 13% increase. For the three-month period from January to March 2014, the average list price was 15% higher than the same period of the prior year. Average sales price for March 2014 was $568,500, compared to that of January through March 2014, which was $552,050. Comparing March 2014 to February 2014, Mount Washington saw a 10% increase in average sale price, and a 7% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
JAN - MAR 2014
$-
$-
$-
> $3M $-
AVERAGE LIST PRICE PER SQUARE FOOT
$-
$-
$-
$-
AVERAGE SOLD PRICE
$-
$-
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$-
$-
$-
$-
TOTAL CONDOS SOLD
-
-
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-
-
-
-
0%
0%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
CONDOS JAN - MAR 2013 AVERAGE LIST PRICE
$-
$-
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$-
$-
$-
$-
AVERAGE SOLD PRICE
$-
$-
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$-
$-
$-
$-
-
-
-
-
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
0%
0%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR/MAR 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)
45
PACIFIC PALISADES
SINGLE FAMILY HOME SALES Among Los Angeles’ most desired neighborhoods, Pacific Palisades sits against a stunning backdrop with views of the Santa Monica mountains, the Pacific Coast, and several canyons that run between them. Pacific Palisades is home to the wellknown J. Paul Getty Villa museum and beautiful parks offering sporting activities and breathtaking views including Topanga Canyon State Park, Will Rogers State Historic Park and Polo Club, and Rustin Canyon Park, as well as community events such as the annual parade and fireworks display. Pacific Palisades offers sophisticated traditional estates, dramatic architectural residences, custom-built properties and inviting homes close to Palisades Village. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$3,396,623
$-
$1,977,472
$5,440,200
$906.51
$-
$746.31
$1,041.09
$3,337,661
$-
$1,990,196
$5,278,011 $1,005.14
$889.83
$-
$752.55
TOTAL SFH SOLD
61
-
36
25
TOTAL SFH FOR SALE AT END OF PERIOD
82
1
31
50
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
4.0
-
2.6
6.0
98%
0%
101%
97%
ALL
< $1M
$1M - $3M
> $3M
$2,702,260
$845,000
$1,977,419
$4,592,867
SFH JAN - MAR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$853.60
$843.73
$709.38
$1,080.21
$2,755,272
$827,500
$1,956,295
$4,823,323 $1,135.10
$869.52
$826.26
$701.18
TOTAL SFH SOLD
51
2
34
15
TOTAL SFH FOR SALE AT END OF PERIOD
69
1
31
37
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
4.1
1.5
2.7
7.4
102%
98%
99%
105%
ALL
< $1M
$1M - $3M
> $3M
SFH MAR/MAR COMPARISON
26%
-100%
0%
18%
AVERAGE LIST PRICE PER SQUARE FOOT
6%
-100%
5%
-4%
AVERAGE SOLD PRICE
21%
-100%
2%
9%
AVERAGE SOLD PRICE PER SQUARE FOOT
2%
-100%
7%
-11%
TOTAL SFH SOLD
20%
-100%
6%
67%
TOTAL SFH FOR SALE AT END OF PERIOD
19%
0%
0%
35%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-1%
-100%
-6%
-19%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-4%
-100%
2%
-8%
AVERAGE LIST PRICE
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
46
PACIFIC PALISADES
CONDOMINIUM SALES MARCH MARKET OVERVIEW
In Pacific Palisades there were 29 single family home sales in March 2014, up from 24 in March 2013 and a 61% increase from the 18 sales closed last month. The average list price for single family home sales in March 2014 was $3,750,138 compared to $2,951,990 for March 2013, representing a 27% increase. For the three-month period from January to March 2014, the average list price was 26% higher than the same period of the prior year. Average sales price for March 2014 was $3,705,568, compared to that of January through March 2014, which was $3,337,661. Comparing March 2014 to February 2014, Pacific Palisades saw a 9% increase in average sale price, and a 23% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,012,215
$664,827
$1,458,857
$-
$562.49
$434.00
$663.12
$-
$996,028
$661,271
$1,426,429
$-
$553.42
$432.17
$648.38
$-
TOTAL CONDOS SOLD
16
9
7
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
14
13
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.6
4.3
0.4
-
98%
99%
98%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$770,750
$770,750
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$424.62
$424.62
$-
$-
AVERAGE SOLD PRICE
$749,879
$749,879
$-
$-
$413.12
$413.12
$-
$-
18
18
-
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JAN - MAR 2013
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
9
8
1
1.5
1.3
-
-
97%
97%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR/MAR COMPARISON
31%
-14%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
32%
2%
0%
0%
AVERAGE SOLD PRICE
33%
-12%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
34%
5%
0%
0%
TOTAL CONDOS SOLD
-11%
-50%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
56%
63%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
75%
225%
0%
0%
1%
2%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
47
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) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,118,277
$758,702
$1,410,085
$2,995,000
$606.85
$613.00
$599.53
$680.68
$1,132,034
$759,445
$1,433,697
$3,100,000
$614.32
$613.60
$609.57
$704.55
TOTAL SFH SOLD
66
32
33
1
TOTAL SFH FOR SALE AT END OF PERIOD
33
18
15
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.5
1.7
1.4
-
101%
100%
102%
104%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JAN - MAR 2013
$854,752
$733,187
$1,391,667
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$554.39
$560.81
$540.61
$-
$869,899
$750,188
$1,398,625
$-
$563.49
$572.88
$543.31
$-
TOTAL SFH SOLD
65
53
12
-
TOTAL SFH FOR SALE AT END OF PERIOD
28
14
14
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.3
0.8
3.5
-
102%
102%
101%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR/MAR COMPARISON AVERAGE LIST PRICE
31%
3%
1%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
9%
9%
11%
0%
30%
1%
3%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
9%
7%
12%
0%
TOTAL SFH SOLD
2%
-40%
175%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
18%
29%
7%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
16%
113%
-61%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-1%
-2%
1%
0%
AVERAGE SOLD PRICE
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
48
PALMS - MAR VISTA
CONDOMINIUM SALES MARCH MARKET OVERVIEW
In Palms - Mar Vista there were 26 single family home sales in March 2014, down from 27 in March 2013 and a 37% increase from the 19 sales closed last month. The average list price for single family home sales in March 2014 was $1,291,561 compared to $825,070 for March 2013, representing a 57% increase. For the three-month period from January to March 2014, the average list price was 31% higher than the same period of the prior year. Average sales price for March 2014 was $1,323,846, compared to that of January through March 2014, which was $1,132,034. Comparing March 2014 to February 2014, Palms - Mar Vista saw a 17% increase in average sale price, and a 54% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JAN - MAR 2014
$470,033
$470,033
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$402.69
$402.69
$-
$-
AVERAGE SOLD PRICE
$476,574
$476,574
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$408.30
$408.30
$-
$-
TOTAL CONDOS SOLD
27
27
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
21
20
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.3
2.2
-
-
101%
101%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
$394,739
$394,739
$-
$-
$352.17
$352.17
$-
$-
$395,388
$395,388
$-
$-
$352.75
$352.75
$-
$-
24
24
-
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JAN - MAR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
6
6
-
0.8
0.8
-
-
100%
100%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR/MAR COMPARISON
19%
19%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
14%
14%
0%
0%
AVERAGE SOLD PRICE
21%
21%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
16%
16%
0%
0%
13%
13%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
250%
233%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
211%
196%
0%
0%
1%
1%
0%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
49
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) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,313,500
$934,000
$1,209,375
$3,285,000
$533.87
$477.51
$498.33
$774.58
$1,298,900
$906,667
$1,223,975
$3,075,000 $725.06
$527.94
$463.53
$504.34
TOTAL SFH SOLD
12
3
8
1
TOTAL SFH FOR SALE AT END OF PERIOD
13
2
9
2
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.3
2.0
3.4
6.0
99%
97%
101%
94%
SFH JAN - MAR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
ALL
< $1M
$1M - $3M
> $3M
$1,073,938
$828,300
$1,483,333
$-
$480.97
$447.73
$516.66
$-
$1,032,625
$806,000
$1,410,333
$-
$462.46
$435.68
$491.23
$-
TOTAL SFH SOLD
8
5
3
-
TOTAL SFH FOR SALE AT END OF PERIOD
11
2
7
2
4.1
1.2
7.0
-
96%
97%
95%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
22%
13%
-18%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
11%
7%
-4%
0%
AVERAGE SOLD PRICE
26%
12%
-13%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
14%
6%
3%
0%
TOTAL SFH SOLD
50%
-40%
167%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR/MAR COMPARISON
TOTAL SFH FOR SALE AT END OF PERIOD
18%
0%
29%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-21%
67%
-52%
0%
3%
0%
6%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
50
PLAYA DEL REY
CONDOMINIUM SALES MARCH MARKET OVERVIEW
In Playa Del Rey there were 12 condominium sales in March 2014, down from 14 in March 2013 and a 9% increase from the 11 sales closed last month. The average list price for condo sales in March 2014 was $655,958 compared to $395,704 for March 2013, representing a 66% increase. For the three-month period from January to March 2014, the average list price was 22% higher than the same period of the prior year. Average sales price for March 2014 was $641,854, compared to that of January through March 2014, which was $509,086. Comparing March 2014 to February 2014, Playa Del Rey saw a 55% increase in average sale price, and a 64% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JAN - MAR 2014
$517,069
$467,573
$1,259,500
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$464.55
$434.44
$756.46
$-
$509,086
$461,025
$1,230,000
$-
AVERAGE SOLD PRICE
$457.37
$428.36
$738.74
$-
TOTAL CONDOS SOLD
32
30
2
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
15
13
2
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.4
1.3
3.0
-
98%
99%
98%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$425,130
$404,599
$999,999
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$370.90
$361.71
$520.83
$-
AVERAGE SOLD PRICE
$423,493
$402,904
$1,000,000
$-
$369.47
$360.19
$520.83
$-
29
28
1
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JAN - MAR 2013
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
8
6
2
0.8
0.6
6.0
-
100%
100%
100%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR/MAR COMPARISON
22%
16%
26%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
25%
20%
45%
0%
AVERAGE SOLD PRICE
20%
14%
23%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
24%
19%
42%
0%
TOTAL CONDOS SOLD
10%
7%
100%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
88%
117%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
70%
102%
-50%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-1%
-1%
-2%
0%
(Source: MLS/CLAW)
51
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) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,099,000
$-
$1,099,000
$-
$462.54
$-
$462.54
$-
$1,134,995
$-
$1,134,995
$-
$477.69
$-
$477.69
$-
TOTAL SFH SOLD
1
-
1
-
TOTAL SFH FOR SALE AT END OF PERIOD
2
-
2
-
6.0
-
6.0
-
103%
0%
103%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JAN - MAR 2013
$-
$-
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$-
$-
$-
$-
AVERAGE SOLD PRICE
$-
$-
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$-
$-
$-
$-
TOTAL SFH SOLD
-
-
-
-
TOTAL SFH FOR SALE AT END OF PERIOD
2
-
2
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
0%
0%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
0%
0%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
0%
0%
0%
0%
AVERAGE SOLD PRICE
0%
0%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
0%
0%
0%
0%
TOTAL SFH SOLD
0%
0%
0%
0%
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%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR/MAR COMPARISON
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
52
PLAYA VISTA
CONDOMINIUM SALES MARCH MARKET OVERVIEW
In Playa Vista there were 8 condominium sales in March 2014, down from 10 in March 2013 and a 14% increase from the 7 sales closed last month. The average list price for condo sales in March 2014 was $735,000 compared to $554,690 for March 2013, representing a 33% increase. For the three-month period from January to March 2014, the average list price was 28% higher than the same period of the prior year. Average sales price for March 2014 was $739,500, compared to that of January through March 2014, which was $692,945. Comparing March 2014 to February 2014, Playa Vista saw a 10% increase in average sale price, and a 31% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$692,940
$666,305
$1,199,000
$-
$441.17
$447.60
$383.07
$-
$692,945
$665,995
$1,205,000
$-
$441.17
$447.39
$384.98
$-
TOTAL CONDOS SOLD
20
19
1
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
12
11
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.8
1.7
3.0
-
100%
100%
101%
0%
ALL
< $1M
$1M - $3M
> $3M
$542,078
$542,078
$-
$-
$385.79
$385.79
$-
$-
AVERAGE SOLD PRICE
$548,073
$548,073
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$390.06
$390.06
$-
$-
18
18
-
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JAN - MAR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
13
12
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.2
2.0
-
-
101%
101%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR/MAR COMPARISON
28%
23%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
14%
16%
0%
0%
AVERAGE SOLD PRICE
26%
22%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
13%
15%
0%
0%
TOTAL CONDOS SOLD
11%
6%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-8%
-8%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-17%
-13%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-1%
-1%
0%
0%
(Source: MLS/CLAW)
53
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) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,426,200
$843,000
$1,685,667
$4,614,600
$970.10
$766.39
$930.75
$1,013.46
$2,360,859
$827,875
$1,718,103
$4,323,842
$939.38
$756.51
$944.77
$949.61
TOTAL SFH SOLD
35
4
21
10
TOTAL SFH FOR SALE AT END OF PERIOD
40
4
21
15
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.4
3.0
3.0
4.5
97%
98%
102%
94%
ALL
< $1M
$1M - $3M
> $3M
$2,233,218
$823,600
$1,715,625
$4,180,250
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JAN - MAR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$977.59
$920.02
$841.84
$1,206.28
$2,193,510
$811,200
$1,695,371
$4,080,200
$958.89
$906.17
$830.15
$1,175.47
TOTAL SFH SOLD
39
5
24
10
TOTAL SFH FOR SALE AT END OF PERIOD
40
-
19
21
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.1
-
2.4
6.3
98%
98%
99%
98%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR/MAR COMPARISON AVERAGE LIST PRICE
9%
2%
-2%
10%
AVERAGE LIST PRICE PER SQUARE FOOT
-1%
-17%
11%
-16%
AVERAGE SOLD PRICE
8%
2%
1%
6%
AVERAGE SOLD PRICE PER SQUARE FOOT
-2%
-17%
14%
-19%
TOTAL SFH SOLD
-13%
0%
-10%
-20%
TOTAL SFH FOR SALE AT END OF PERIOD
0%
0%
11%
-29%
AVERAGE MONTHLY SUPPLY OF INVENTORY
11%
0%
26%
-29%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-1%
0%
3%
-4% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
54
SANTA MONICA
CONDOMINIUM SALES MARCH MARKET OVERVIEW
In Santa Monica there were 30 condominium sales in March 2014, down from 40 in March 2013 and a 15% increase from the 26 sales closed last month. The average list price for condo sales in March 2014 was $776,100 compared to $860,473 for March 2013, representing a 10% decrease. For the three-month period from January to March 2014, the average list price was 1% higher than the same period of the prior year. Average sales price for March 2014 was $776,413, compared to that of January through March 2014, which was $909,450. Comparing March 2014 to February 2014, Santa Monica saw a 20% decrease in average sale price, and a 9% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$918,045
$615,498
$1,348,833
$3,880,000
$717.07
$579.03
$790.86
$1,469.14
$909,450
$622,562
$1,329,294
$3,650,000
$709.88
$585.67
$777.52
$1,382.05
TOTAL CONDOS SOLD
76
55
18
3
TOTAL CONDOS FOR SALE AT END OF PERIOD
77
35
35
7
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.0
1.9
5.8
7.0
99%
101%
99%
94%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$907,112
$607,012
$1,387,118
$5,200,000
AVERAGE LIST PRICE PER SQUARE FOOT
$681.80
$541.98
$767.14
$1,676.34
$898,966
$609,629
$1,376,272
$4,900,000
$675.43
$544.03
$761.15
$1,579.63
80
59
19
2
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JAN - MAR 2013
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
35
21
11
3
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.3
1.1
1.7
4.5
99%
100%
99%
94%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR/MAR COMPARISON
1%
1%
-3%
-25%
AVERAGE LIST PRICE PER SQUARE FOOT
5%
7%
3%
-12%
AVERAGE SOLD PRICE
1%
2%
-3%
-26%
AVERAGE SOLD PRICE PER SQUARE FOOT
5%
8%
2%
-13%
TOTAL CONDOS SOLD
-5%
-7%
-5%
50%
TOTAL CONDOS FOR SALE AT END OF PERIOD
120%
67%
218%
133%
AVERAGE MONTHLY SUPPLY OF INVENTORY
132%
79%
236%
56%
0%
1%
-1%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
55
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) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JAN - MAR 2014
$767,271
$678,905
$1,185,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$491.10
$478.97
$531.59
$-
AVERAGE SOLD PRICE
$779,579
$689,893
$1,203,545
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$500.48
$486.72
$546.45
$-
TOTAL SFH SOLD
63
52
11
-
TOTAL SFH FOR SALE AT END OF PERIOD
48
39
9
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.3
2.3
2.5
-
102%
102%
102%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JAN - MAR 2013
$599,747
$548,088
$1,219,667
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$432.16
$416.30
$565.76
$-
AVERAGE SOLD PRICE
$610,015
$557,086
$1,245,167
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$440.12
$423.91
$576.74
$-
TOTAL SFH SOLD
78
72
6
-
TOTAL SFH FOR SALE AT END OF PERIOD
33
29
4
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.3
1.2
2.0
-
102%
102%
102%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
28%
24%
-3%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
14%
15%
-6%
0%
AVERAGE SOLD PRICE
28%
24%
-3%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
14%
15%
-5%
0%
TOTAL SFH SOLD
-19%
-28%
83%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR/MAR COMPARISON
TOTAL SFH FOR SALE AT END OF PERIOD
45%
34%
125%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
80%
86%
23%
0%
0%
0%
-1%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
56
SILVERLAKE - ECHO PARK
CONDOMINIUM SALES MARCH MARKET OVERVIEW
In Silver Lake - Echo Park there were 23 single family home sales in March 2014, down from 25 in March 2013 and a 12% decrease from the 26 sales closed last month. The average list price for single family home sales in March 2014 was $771,065 compared to $677,416 for March 2013, representing a 14% increase. For the three-month period from January to March 2014, the average list price was 28% higher than the same period of the prior year. Average sales price for March 2014 was $774,753, compared to that of January through March 2014, which was $779,579. Comparing March 2014 to February 2014, Silver Lake - Echo Park saw a 1% decrease in average sale price, but a 11% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JAN - MAR 2014
$519,257
$519,257
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$373.03
$373.03
$-
$-
AVERAGE SOLD PRICE
$515,857
$515,857
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$370.59
$370.59
$-
$-
TOTAL CONDOS SOLD
7
7
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
9
9
-
-
3.9
3.9
-
-
99%
99%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$481,724
$481,724
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$373.56
$373.56
$-
$-
AVERAGE SOLD PRICE
$484,178
$484,178
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$375.46
$375.46
$-
$-
11
11
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JAN - MAR 2013
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3
3
-
0.8
0.8
-
-
101%
101%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR/MAR COMPARISON
8%
8%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
0%
0%
0%
0%
AVERAGE SOLD PRICE
7%
7%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
-1%
-1%
0%
0%
TOTAL CONDOS SOLD
-36%
-36%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
200%
200%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
371%
371%
0%
0%
-1%
-1%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
57
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) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,103,695
$835,968
$1,743,820
$5,700,538
$745.77
$528.55
$673.24
$1,034.86
$2,088,819
$823,474
$1,697,495
$5,834,587 $1,071.80
$742.72
$520.65
$655.41
TOTAL SFH SOLD
95
19
63
13
TOTAL SFH FOR SALE AT END OF PERIOD
167
14
98
55
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
5.3
2.2
4.7
12.7
99%
99%
97%
102%
ALL
< $1M
$1M - $3M
> $3M
$1,955,744
$818,085
$1,688,184
$5,430,800
SFH JAN - MAR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$674.75
$433.70
$589.27
$1,023.94
$1,878,684
$789,021
$1,621,476
$5,210,000 $986.22
$649.19
$417.73
$566.11
TOTAL SFH SOLD
96
35
46
15
TOTAL SFH FOR SALE AT END OF PERIOD
129
12
73
44
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
4.0
1.0
4.8
8.8
96%
96%
96%
96%
ALL
< $1M
$1M - $3M
> $3M 5%
SFH MAR/MAR COMPARISON AVERAGE LIST PRICE
8%
2%
3%
AVERAGE LIST PRICE PER SQUARE FOOT
11%
22%
14%
1%
AVERAGE SOLD PRICE
11%
4%
5%
12%
AVERAGE SOLD PRICE PER SQUARE FOOT
14%
25%
16%
9%
TOTAL SFH SOLD
-1%
-46%
37%
-13%
TOTAL SFH FOR SALE AT END OF PERIOD
29%
17%
34%
25%
AVERAGE MONTHLY SUPPLY OF INVENTORY
31%
115%
-2%
44%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3%
2%
1%
7% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
58
CONDOMINIUM SALES
SUNSET STRIP - HOLLYWOOD HILLS
MARCH MARKET OVERVIEW In Sunset Strip - Hollywood Hills West there were 36 single family home sales in March 2014, down from 47 in March 2013 and a 6% increase from the 34 sales closed last month. The average list price for single family home sales in March 2014 was $2,241,136 compared to $1,890,355 for March 2013, representing a 19% increase. For the three-month period from January to March 2014, the average list price was 8% higher than the same period of the prior year. Average sales price for March 2014 was $2,186,853, compared to that of January through March 2014, which was $2,088,819. Comparing March 2014 to February 2014, Sunset Strip - Hollywood Hills West saw a 11% decrease in average sale price, but a 20% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$688,869
$495,127
$-
$3,595,000
$601.63
$446.11
$-
$2,150.12
$683,500
$492,400
$-
$3,550,000
$596.94
$443.66
$-
$2,123.21
TOTAL CONDOS SOLD
16
15
-
1
TOTAL CONDOS FOR SALE AT END OF PERIOD
19
15
3
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.6
3.0
-
3.0
99%
99%
0%
99%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$719,243
$442,152
$2,795,000
$3,495,000
AVERAGE LIST PRICE PER SQUARE FOOT
$557.58
$360.56
$1,475.32
$2,090.31
$701,946
$436,620
$2,694,500
$3,350,000
$544.17
$356.05
$1,422.28
$2,003.59
28
25
2
1
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JAN - MAR 2013
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
16
12
3
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.7
1.4
4.5
3.0
98%
99%
96%
96%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR/MAR COMPARISON
-4%
12%
-100%
3%
AVERAGE LIST PRICE PER SQUARE FOOT
8%
24%
-100%
3%
AVERAGE SOLD PRICE
-3%
13%
-100%
6%
AVERAGE SOLD PRICE PER SQUARE FOOT
10%
25%
-100%
6%
TOTAL CONDOS SOLD
-43%
-40%
-100%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
19%
25%
0%
0%
108%
108%
-100%
0%
2%
1%
-100%
3%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
59
VENICE
SINGLE FAMILY HOME SALES Venice is a beachfront district on the Westside of Los Angeles, California, known for its bungalows, cottages, condos and oceanfront properties. A short walk from some of the finest and trendiest beachside restaurants and bars in Los Angeles, Venice offers surfing, kayaking, boating, biking, boogie boarding and outdoor summer concerts. The famous Venice Beach Strip and Muscle Beach are a short walk away. With its variety of bungalows, cottages, condos and oceanfront listings, Venice is an ideal retreat for family, friends or couples, for work or play, and is one of Los Angeles’s most sought-after neighborhoods. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,605,867
$863,250
$1,545,548
$4,297,500
$948.72
$732.81
$935.49
$1,216.39
$1,592,414
$891,500
$1,532,001
$4,202,500 $1,189.50
$940.77
$756.79
$927.29
TOTAL SFH SOLD
46
4
40
2
TOTAL SFH FOR SALE AT END OF PERIOD
31
1
27
3
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.0
0.8
2.0
4.5
99%
103%
99%
98%
SFH JAN - MAR 2013
ALL
< $1M
$1M - $3M
> $3M
$1,380,625
$902,200
$1,564,635
$-
$824.05
$765.99
$836.82
$-
$1,382,381
$905,870
$1,565,654
$-
$825.43
$771.19
$837.37
$-
TOTAL SFH SOLD
36
10
26
-
TOTAL SFH FOR SALE AT END OF PERIOD
38
5
27
6
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
3.2
1.5
3.1
-
100%
100%
100%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
16%
-4%
-1%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
15%
-4%
12%
0%
AVERAGE SOLD PRICE
15%
-2%
-2%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
14%
-2%
11%
0%
TOTAL SFH SOLD
28%
-60%
54%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-18%
-80%
0%
-50%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-36%
-50%
-35%
0%
-1%
3%
-1%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR/MAR COMPARISON
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
60
VENICE
CONDOMINIUM SALES MARCH MARKET OVERVIEW
In Venice there were 20 single family home sales in March 2014, up from 14 in March 2013 and a 122% increase from the 9 sales closed last month. The average list price for single family home sales in March 2014 was $1,769,650 compared to $1,343,393 for March 2013, representing a 32% increase. For the three-month period from January to March 2014, the average list price was 16% higher than the same period of the prior year. Average sales price for March 2014 was $1,735,703, compared to that of January through March 2014, which was $1,592,414. Comparing March 2014 to February 2014, Venice saw a 1% increase in average sale price, and a 28% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,224,001
$663,251
$1,784,750
$-
$733.21
$555.37
$832.25
$-
$1,209,125
$669,750
$1,748,500
$-
$724.30
$560.81
$815.34
$-
TOTAL CONDOS SOLD
8
4
4
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
5
1
4
-
1.9
0.8
3.0
-
99%
101%
98%
0%
ALL
< $1M
$1M - $3M
> $3M
$1,119,000
$575,000
$1,391,000
$-
$671.87
$469.58
$737.54
$-
$1,109,583
$570,000
$1,379,375
$-
$666.22
$465.50
$731.38
$-
6
2
4
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JAN - MAR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
12
1
11
AVERAGE MONTHLY SUPPLY OF INVENTORY
6.0
1.5
8.3
-
99%
99%
99%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR/MAR COMPARISON
9%
15%
28%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
9%
18%
13%
0%
AVERAGE SOLD PRICE
9%
18%
27%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
9%
20%
11%
0%
TOTAL CONDOS SOLD
33%
100%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-58%
0%
-64%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-69%
-50%
-64%
0%
0%
2%
-1%
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 Angeles’ Mecca for fashion, fine dining, unparalleled nightlife, and the worldrenowned entertainment industry. Incorporated in 1984, West Hollywood has been instrumental since its start in achieving cultural, environmental, and political breakthroughs. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,348,141
$933,683
$1,322,455
$4,400,000
$666.65
$576.05
$691.32
$-
$1,335,741
$925,920
$1,307,772
$4,410,000
$659.91
$571.26
$684.04
$-
TOTAL SFH SOLD
29
6
22
1
TOTAL SFH FOR SALE AT END OF PERIOD
18
1
16
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.9
0.5
2.2
3.0
99%
99%
99%
100%
ALL
< $1M
$1M - $3M
> $3M
$1,370,663
$817,240
$1,534,823
$3,950,000
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JAN - MAR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$725.56
$680.27
$744.32
$700.73
$1,357,207
$811,600
$1,529,056
$3,720,000
$721.53
$686.29
$743.43
$659.93
TOTAL SFH SOLD
29
10
18
1
TOTAL SFH FOR SALE AT END OF PERIOD
18
3
14
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.9
0.9
2.3
3.0
99%
99%
100%
94%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR/MAR COMPARISON AVERAGE LIST PRICE
-2%
14%
-14%
11%
AVERAGE LIST PRICE PER SQUARE FOOT
-8%
-15%
-7%
-100%
AVERAGE SOLD PRICE
-2%
14%
-14%
19%
AVERAGE SOLD PRICE PER SQUARE FOOT
-9%
-17%
-8%
-100%
TOTAL SFH SOLD
0%
-40%
22%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
0%
-67%
14%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
0%
-44%
-6%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
0%
-1%
6% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
62
WEST HOLLYWOOD
CONDOMINIUM SALES MARCH MARKET OVERVIEW
In West Hollywood Vicinity there were 38 condominium sales in March 2014, up from 31 in March 2013 and a 31% increase from the 29 sales closed last month. The average list price for condo sales in March 2014 was $666,611 compared to $555,429 for March 2013, representing a 20% increase. For the three-month period from January to March 2014, the average list price was 15% higher than the same period of the prior year. Average sales price for March 2014 was $665,106, compared to that of January through March 2014, which was $631,082. Comparing March 2014 to February 2014, West Hollywood Vicinity saw a 16% increase in average sale price, and a 21% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JAN - MAR 2014
ALL
< $1M
$1M - $3M
> $3M
$638,846
$596,009
$1,210,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$550.08
$528.77
$740.51
$-
AVERAGE SOLD PRICE
$631,082
$587,938
$1,206,333
$-
AVERAGE LIST PRICE
$543.74
$521.98
$738.27
$-
TOTAL CONDOS SOLD
86
80
6
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
71
57
14
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.5
2.1
7.0
-
99%
99%
100%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$556,001
$548,694
$1,199,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$448.87
$447.10
$532.89
$-
AVERAGE SOLD PRICE
$547,210
$540,928
$1,100,000
$-
$441.74
$440.75
$488.89
$-
89
88
1
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
51
40
11
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.7
1.4
33.0
-
98%
99%
92%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JAN - MAR 2013
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR/MAR COMPARISON
15%
9%
1%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
23%
18%
39%
0%
AVERAGE SOLD PRICE
15%
9%
10%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
23%
18%
51%
0%
TOTAL CONDOS SOLD
-3%
-9%
500%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
39%
43%
27%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
44%
57%
-79%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
0%
9%
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 world’s finest shopping. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JAN - MAR 2014
$831,756
$779,476
$1,250,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$586.23
$597.81
$534.53
$-
AVERAGE SOLD PRICE
$834,778
$782,875
$1,250,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$588.36
$600.42
$534.53
$-
TOTAL SFH SOLD
18
16
2
-
TOTAL SFH FOR SALE AT END OF PERIOD
17
12
5
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.8
2.3
7.5
-
100%
100%
100%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JAN - MAR 2013
$720,117
$683,107
$1,219,750
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$441.87
$428.76
$560.55
$-
AVERAGE SOLD PRICE
$716,530
$682,796
$1,171,940
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$442.48
$431.87
$538.58
$-
TOTAL SFH SOLD
29
27
2
-
TOTAL SFH FOR SALE AT END OF PERIOD
17
16
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.8
1.8
1.5
-
100%
100%
96%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR/MAR COMPARISON AVERAGE LIST PRICE
16%
14%
2%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
33%
39%
-5%
0%
AVERAGE SOLD PRICE
17%
15%
7%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
33%
39%
-1%
0%
TOTAL SFH SOLD
-38%
-41%
0%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
0%
-25%
400%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
61%
27%
400%
0%
1%
0%
4%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
64
WEST LOS ANGELES
CONDOMINIUM SALES MARCH MARKET OVERVIEW
In West Los Angeles there were 17 condominium sales in March 2014, up from 10 in March 2013 and a 21% increase from the 14 sales closed last month. The average list price for condo sales in March 2014 was $575,700 compared to $521,185 for March 2013, representing a 10% increase. For the three-month period from January to March 2014, the average list price was 4% higher than the same period of the prior year. Average sales price for March 2014 was $574,176, compared to that of January through March 2014, which was $594,488. Comparing March 2014 to February 2014, West Los Angeles saw a 10% decrease in average sale price, but a 10% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JAN - MAR 2014
$597,814
$597,814
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$445.02
$445.02
$-
$-
AVERAGE SOLD PRICE
$594,488
$594,488
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$442.60
$442.60
$-
$-
TOTAL CONDOS SOLD
42
42
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
31
30
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.2
2.1
-
-
99%
99%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$576,120
$576,120
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$391.62
$391.62
$-
$-
AVERAGE SOLD PRICE
$572,662
$572,662
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$389.27
$389.27
$-
$-
32
32
-
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JAN - MAR 2013
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
19
18
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.8
1.7
-
-
99%
99%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
MAR/MAR COMPARISON
4%
4%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
14%
14%
0%
0%
AVERAGE SOLD PRICE
4%
4%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
14%
14%
0%
0%
TOTAL CONDOS SOLD
31%
31%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
63%
67%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
24%
27%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
0%
0%
0%
(Source: MLS/CLAW)
65
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) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,826,308
$1,099,000
$1,793,125
$3,350,000
$724.33
$728.30
$710.82
$938.64
$1,840,521
$957,000
$1,815,481
$3,325,000 $931.63
$730.28
$634.19
$720.22
TOTAL SFH SOLD
26
1
24
1
TOTAL SFH FOR SALE AT END OF PERIOD
18
1
15
2
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.1
3.0
1.9
6.0
101%
87%
101%
99%
ALL
< $1M
$1M - $3M
> $3M
$1,435,000
$884,667
$1,488,000
$3,995,000
SFH JAN - MAR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$625.35
$530.91
$658.99
$607.24
$1,444,768
$884,333
$1,523,867
$3,700,000
$674.87
$562.40
$629.61
$530.71
TOTAL SFH SOLD
21
6
14
1
TOTAL SFH FOR SALE AT END OF PERIOD
15
2
10
3
AVERAGE SOLD PRICE PER SQUARE FOOT
2.1
1.0
2.1
9.0
101%
100%
102%
93%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
27%
24%
21%
-16%
AVERAGE LIST PRICE PER SQUARE FOOT
16%
37%
8%
55%
AVERAGE SOLD PRICE
27%
8%
19%
-10%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH MAR/MAR COMPARISON
AVERAGE SOLD PRICE PER SQUARE FOOT
16%
20%
7%
66%
TOTAL SFH SOLD
24%
-83%
71%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
20%
-50%
50%
-33%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-3%
200%
-13%
-33%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
-13%
-1%
7% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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WESTWOOD - CENTURY CITY
CONDOMINIUM SALES MARCH MARKET OVERVIEW
In Westwood - Century City there were 52 condominium sales in March 2014, up from 49 in March 2013 and a 30% increase from the 40 sales closed last month. The average list price for condo sales in March 2014 was $1,187,200 compared to $686,133 for March 2013, representing a 73% increase. For the three-month period from January to March 2014, the average list price was 36% higher than the same period of the prior year. Average sales price for March 2014 was $1,136,572, compared to that of January through March 2014, which was $1,098,575. Comparing March 2014 to February 2014, Westwood - Century City saw a 2% increase in average sale price, and a 68% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,137,400
$682,660
$1,577,944
$4,013,091
$637.58
$459.71
$675.36
$1,323.09
$1,098,575
$664,380
$1,509,092
$3,860,909 $1,272.11
$615.78
$447.47
$645.89
TOTAL CONDOS SOLD
116
87
18
11
TOTAL CONDOS FOR SALE AT END OF PERIOD
200
80
78
42
AVERAGE SOLD PRICE PER SQUARE FOOT
5.2
2.8
13.0
11.5
97%
97%
96%
96%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$834,113
$590,170
$1,710,684
$3,850,000
AVERAGE LIST PRICE PER SQUARE FOOT
$491.54
$398.69
$652.53
$1,288.70
$792,659
$581,410
$1,558,789
$3,337,500
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JAN - MAR 2013
AVERAGE SOLD PRICE
$467.11
$392.77
$594.59
$1,117.15
TOTAL CONDOS SOLD
114
93
19
2
TOTAL CONDOS FOR SALE AT END OF PERIOD
148
79
50
19
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.9
2.5
7.9
28.5
95%
99%
91%
87%
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
MAR/MAR COMPARISON
36%
16%
-8%
4%
AVERAGE LIST PRICE PER SQUARE FOOT
30%
15%
3%
3%
AVERAGE SOLD PRICE
39%
14%
-3%
16%
AVERAGE SOLD PRICE PER SQUARE FOOT
32%
14%
9%
14%
2%
-6%
-5%
450%
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
35%
1%
56%
121%
AVERAGE MONTHLY SUPPLY OF INVENTORY
33%
8%
65%
-60%
2%
-1%
5%
11%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
67