Beverly Hills, CA | web: 0027211
Greater Los Angeles Market Update Second Quarter 2015
Beverly Hills | Brentwood | Los Feliz | Malibu Pacific Palisades | Santa Monica | Sunset Strip | Topanga sothebyshomes.com/losangeles
TABLE OF CONTENTS MARKET AREA
PGS.
MARKET AREA
PGS.
FEATURED LISTINGS
4-5
Marina Del Rey
38-39
Bel Air - Holmby Hills
6-7
Mid Los Angeles
40-41
Beverly Center - Miracle Mile 8-9
Mid Wilshire
42-43
Beverly Hills
10-11
Mount Washington
44-45
Beverly Hills Post Office
12-13
Pacific Palisades
46-47
Beverlywood 14-15
Palms - Mar Vista
48-49
Brentwood 16-17
Playa Del Rey
50-51
Cheviot Hills - Rancho Park 18-19
Playa Vista
52-53
Culver City
20-21
Santa Monica
54-55
Downtown Los Angeles
22-23
Silverlake - Echo Park
56-57
Eagle Rock
24-25
Sunset Strip - Hlwd Hills
58-59
Hancock Park
26-27
Topanga
60-61
Hollywood 28-29
Venice
62-63
Hollywood Hills East
30-31
West Hollywood
64-65
Los Feliz
32-33
West Los Angeles
66-67
Malibu 34-35
Westchester
68-69
Malibu Beach
Westwood - Century City
36-37
70-71
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.
Verner Panton, VIII square, wool carpet and Pierre Paulin set of armchairs and Mushroom stools from NOW ! PARIS 01 JULY 2015
AUCTION CALENDAR JULY 2015 Now ! Paris 01 July
Old Master & British Paintings Evening Sale London 08 July
Contemporary Art Evening Auction London 01 July
Old Master & British Paintings Day Sale London 09 July
Contemporary Art Day Auction London 02 July
Old Master Sculpture And Works Of Art London 09 July
Medieval And Renaissance Manuscripts London 07 July
English Literature, History, Children’s Books & Illustrations London 14 July
Treasures London 08 July
Finest and Rarest Wines London 15 July
Old Master & British Drawings London 08 July
Victorian, Pre-Raphaelite & British Impressionist Art London 15 July
Rencontres Couture À Paris De La Collection Didier Ludot Paris 08 July
Modern Life: Post-War Photographs, Prints & Design New York 22 July
We invite you to explore our real estate listings at www.sothebyshomes.com and view the worldwide auction schedule at sothebys.com Enquiries +1 212 606 7000. Sotheby’s 72 & York Register now at sothebys.com SOTHEBY’S, INC. LICENSE NO. 1216058. © SOTHEBY’S, INC. 2015
ON THE MARKET
left to right from top to bottom:
METROPOLITAN MARKETS NEW YORK, NY | Web: 0019842 | $5,500,000 SAN FRANCISCO, CA | Web: 0087388 | $4,995,000 HOUSTON, TX | Web: 1240556 | $5,250,000 RESORT MARKETS PEBBLE BEACH, CA | Web: 0474143 | $5,750,000 BRIDGEHAMPTON, NY | Web: 0037843 | $5,250,000 SANTA BARBARA, CA | Web: 0632345 | $5,000,000 FOREIGN MARKETS FRANCE | Web: LTFSNM | $5,778,077 ISRAEL | Web: 9ZWTEE | $5,726,482 PUERTO RICO | Web: ENWEJT | $4,200,000 sothebysrealty.com
FEATURED LISTINGS IN LOS ANGELES
HANCOCK PARK, CA Web ID: 0308366 | $9,495,000 Exquisite English manor with attention to detail and Old World craftsmanship on almost an acre. Sunset Strip Brokerage Marc Noah | 310.968.9212
PACIFIC PALISADES, CA Web ID: 0355404 | $7,249,000 Located on one of the best streets in the Palisades Riviera is this gorgeous property. Brentwood Brokerage Steven Moritz | 310.871.3636
SANTA MONICA, CA Web ID: 0343781 | $6,450,000 Sophisticated luxury abounds in this elegant English country house on an immense corner lot. Pacific Palisades Brokerage Barbara Boyle | 310.255.5403
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) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$5,867,800
$702,333
$1,944,954
$12,779,000
$1,230.88
$540.12
$658.19
$1,579.00
$5,264,467
$743,000
$1,962,059
$11,113,114 $1,369.18
$1,102.53
$571.39
$663.98
TOTAL SFH SOLD
46
3
26
17
TOTAL SFH FOR SALE AT END OF PERIOD
89
2
29
58
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
5.8
2.0
3.3
10.2
90%
106%
101%
87%
ALL
< $1M
$1M - $3M
> $3M
$6,139,931
$867,000
$1,774,083
$10,335,667
SFH APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$1,012.73
$590.20
$622.94
$1,185.28
$5,567,676
$802,500
$1,796,625
$9,219,873
$630.86
$1,105.45
$958.45
$546.29
TOTAL SFH SOLD
29
2
12
15
TOTAL SFH FOR SALE AT END OF PERIOD
84
1
35
48
AVERAGE SOLD PRICE PER SQUARE FOOT
8.7
1.5
8.8
9.6
91%
93%
101%
89%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
-4%
-19%
10%
24%
AVERAGE LIST PRICE PER SQUARE FOOT
22%
-8%
6%
33%
AVERAGE SOLD PRICE
-5%
-7%
9%
21%
AVERAGE SOLD PRICE PER SQUARE FOOT
15%
5%
5%
24%
TOTAL SFH SOLD
59%
50%
117%
13% 21%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUN/JUN COMPARISON
TOTAL SFH FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
6%
100%
-17%
-33%
33%
-62%
7%
-1%
14%
0%
-3% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
6
BEL AIR - HOLMBY HILLS
CONDOMINIUM SALES JUNE MARKET OVERVIEW
In Bel Air - Holmby Hills there were 21 single family home sales in June 2015, up from 11 in June 2014 and a 50% increase from the 14 sales closed last month. The average list price for single family home sales in June 2015 was $5,189,471 compared to $4,147,727 for June 2014, representing a 25% increase. For the three-month period from April to June 2015, the average list price was 4% lower than the same period of the prior year. Average sales price for June 2015 was $4,847,088, compared to that of April through June 2015, which was $5,264,467. These results indicate that the sale price is trending down. Comparing June 2015 to May 2015, Bel Air - Holmby Hills saw a 17% increase in average sale price, and a 20% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$495,000
$495,000
$-
$-
$471.43
$471.43
$-
$-
$480,000
$480,000
$-
$-
$457.14
$457.14
$-
$-
TOTAL CONDOS SOLD
1
1
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
4
3
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
12.0
9.0
-
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
97%
97%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
$385,000
$385,000
$-
$-
$392.46
$392.46
$-
$-
$365,000
$365,000
$-
$-
$372.07
$372.07
$-
$-
1
1
-
-
AVERAGE SOLD PRICE PER SQUARE FOOT
CONDOS APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2
1
1
6.0
3.0
-
-
95%
95%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUN/JUN COMPARISON
29%
29%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
20%
20%
0%
0%
AVERAGE SOLD PRICE
32%
32%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
23%
23%
0%
0%
0%
0%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
100%
200%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
100%
200%
0%
0%
2%
2%
0%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,683,202
$826,644
$1,754,150
$3,165,000
$672.03
$489.91
$691.60
$714.29
$1,683,612
$848,861
$1,754,016
$3,108,333
$671.30
$503.08
$690.41
$701.50
TOTAL SFH SOLD
58
9
46
3
TOTAL SFH FOR SALE AT END OF PERIOD
36
2
29
5
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.9
0.7
1.9
5.0
100%
103%
100%
98%
ALL
< $1M
$1M - $3M
> $3M
$1,439,836
$800,000
$1,524,190
$3,100,000
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$661.66
$569.80
$673.29
$-
$1,439,265
$796,519
$1,524,173
$3,100,000
$674.11
$-
$662.11
$567.32
TOTAL SFH SOLD
50
8
41
1
TOTAL SFH FOR SALE AT END OF PERIOD
47
8
37
2
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.8
3.0
2.7
6.0
100%
100%
100%
100%
ALL
< $1M
$1M - $3M
> $3M
SFH JUN/JUN COMPARISON AVERAGE LIST PRICE
17%
3%
15%
2%
AVERAGE LIST PRICE PER SQUARE FOOT
2%
-14%
3%
0%
AVERAGE SOLD PRICE
17%
7%
15%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
1%
-11%
2%
0%
TOTAL SFH SOLD
16%
13%
12%
200%
TOTAL SFH FOR SALE AT END OF PERIOD
-23%
-75%
-22%
150%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-34%
-78%
-30%
-17%
0%
3%
0%
-2%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
8
CONDOMINIUM SALES
BEVERLY CENTER - MIRACLE MILE
JUNE MARKET OVERVIEW In Beverly Center - Miracle Mile there were 20 single family home sales in June 2015, up from 16 in June 2014 and a 18% increase from the 17 sales closed last month. The average list price for single family home sales in June 2015 was $1,717,145 compared to $1,433,869 for June 2014, representing a 20% increase. For the three-month period from April to June 2015, the average list price was 17% higher than the same period of the prior year. Average sales price for June 2015 was $1,718,475, compared to that of April through June 2015, which was $1,683,612. These results indicate that the sale price is trending up. Comparing June 2015 to May 2015, Beverly Center - Miracle Mile saw a 6% increase in average sale price, and a 19% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR - JUN 2015
$706,419
$671,840
$1,398,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$506.27
$503.52
$533.18
$-
AVERAGE SOLD PRICE
$694,919
$662,665
$1,340,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$498.22
$496.91
$511.06
$-
TOTAL CONDOS SOLD
21
20
1
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
19
17
2
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.7
2.6
6.0
-
98%
99%
96%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$661,245
$624,586
$1,174,475
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$493.49
$476.69
$652.12
$-
AVERAGE SOLD PRICE
$649,417
$613,661
$1,150,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$485.61
$469.42
$638.53
$-
30
28
2
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS APR - JUN 2014
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
26
26
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.6
2.8
-
-
98%
98%
98%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUN/JUN COMPARISON
7%
8%
19%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
3%
6%
-18%
0%
AVERAGE SOLD PRICE
7%
8%
17%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
3%
6%
-20%
0%
TOTAL CONDOS SOLD
-30%
-29%
-50%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-27%
-35%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
4%
-8%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
0%
-2%
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) APR - JUN 2015
ALL
< $1M
$1M - $3M
> $3M
$6,157,770
$-
$2,054,278
$7,875,512
AVERAGE LIST PRICE PER SQUARE FOOT
$1,503.20
$-
$902.98
$1,637.85
AVERAGE SOLD PRICE
$5,908,174
$-
$2,060,889
$7,518,665
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE LIST PRICE
$1,445.04
$-
$905.89
$1,566.00
TOTAL SFH SOLD
61
-
18
43
TOTAL SFH FOR SALE AT END OF PERIOD
56
-
11
45
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.8
-
1.8
3.1
96%
0%
100%
95%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR - JUN 2014
ALL
< $1M
$1M - $3M
> $3M
$5,296,620
$-
$2,068,696
$8,046,333
AVERAGE LIST PRICE PER SQUARE FOOT
$1,283.32
$-
$835.46
$1,485.00
AVERAGE SOLD PRICE
$5,125,914
$-
$2,092,226
$7,710,167
AVERAGE SOLD PRICE PER SQUARE FOOT
$1,431.42
AVERAGE LIST PRICE
$1,249.32
$-
$844.96
TOTAL SFH SOLD
50
-
23
27
TOTAL SFH FOR SALE AT END OF PERIOD
61
-
7
54
3.7
-
0.9
6.0
97%
0%
101%
96%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
16%
0%
-1%
-2%
AVERAGE LIST PRICE PER SQUARE FOOT
17%
0%
8%
10%
AVERAGE SOLD PRICE
15%
0%
-1%
-2%
AVERAGE SOLD PRICE PER SQUARE FOOT
16%
0%
7%
9%
TOTAL SFH SOLD
22%
0%
-22%
59%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUN/JUN COMPARISON
TOTAL SFH FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-8%
0%
57%
-17%
-25%
0%
101%
-48%
-1%
0%
-1%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
10
BEVERLY HILLS
CONDOMINIUM SALES JUNE MARKET OVERVIEW
In Beverly Hills there were 24 single family home sales in June 2015, up from 13 in June 2014 and a 26% increase from the 19 sales closed last month. The average list price for single family home sales in June 2015 was $6,362,375 compared to $4,343,308 for June 2014, representing a 46% increase. For the three-month period from April to June 2015, the average list price was 16% higher than the same period of the prior year. Average sales price for June 2015 was $6,179,025, compared to that of April through June 2015, which was $5,908,174. These results indicate that the sale price is trending up. Comparing June 2015 to May 2015, Beverly Hills saw a 24% increase in average sale price, and a 47% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,117,889
$775,125
$1,392,100
$-
$647.19
$610.19
$664.22
$-
$1,089,365
$758,188
$1,354,308
$$-
$630.41
$596.14
$646.19
TOTAL CONDOS SOLD
36
16
20
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
38
19
17
2
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.2
3.6
2.6
-
97%
98%
97%
0%
ALL
< $1M
$1M - $3M
> $3M
$1,156,273
$787,045
$1,590,659
$-
$631.02
$527.90
$722.67
$-
$1,135,741
$777,375
$1,557,347
$-
$619.03
$521.41
$705.79
$-
37
20
17
5
CONDOS APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
42
14
23
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.4
2.1
4.1
-
98%
99%
98%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUN/JUN COMPARISON
-3%
-2%
-12%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
3%
16%
-8%
0%
AVERAGE SOLD PRICE
-4%
-2%
-13%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
2%
14%
-8%
0%
TOTAL CONDOS SOLD
-3%
-20%
18%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-10%
36%
-26%
-60%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-7%
70%
-37%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-1%
-1%
-1%
0%
(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) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$3,386,044
$847,000
$2,153,500
$5,210,211
$908.90
$821.93
$679.21
$1,097.88
$3,248,767
$749,697
$2,111,021
$4,948,981 $1,042.84
$872.24
$727.51
$666.74
TOTAL SFH SOLD
45
2
24
19
TOTAL SFH FOR SALE AT END OF PERIOD
87
2
22
63
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
5.8
3.0
2.8
9.9
96%
89%
98%
95%
ALL
< $1M
$1M - $3M
> $3M
$3,197,192
$854,750
$1,907,933
$6,496,461
SFH APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$786.23
$536.57
$658.25
$982.21
$2,964,526
$849,750
$1,838,731
$5,866,817 $923.98
$749.14
$533.43
$634.37
TOTAL SFH SOLD
43
4
26
13
TOTAL SFH FOR SALE AT END OF PERIOD
96
5
43
48
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
6.7
3.8
5.0
11.1
93%
99%
96%
90%
ALL
< $1M
$1M - $3M
> $3M -20%
SFH JUN/JUN COMPARISON AVERAGE LIST PRICE
6%
-1%
13%
AVERAGE LIST PRICE PER SQUARE FOOT
16%
53%
3%
12%
AVERAGE SOLD PRICE
10%
-12%
15%
-16%
AVERAGE SOLD PRICE PER SQUARE FOOT
16%
36%
5%
13%
TOTAL SFH SOLD
5%
-50%
-8%
46%
TOTAL SFH FOR SALE AT END OF PERIOD
-9%
-60%
-49%
31%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-13%
-20%
-45%
-10%
3%
-11%
2%
5%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
12
BEVERLY HILLS POST OFFICE
CONDOMINIUM SALES JUNE MARKET OVERVIEW
In Beverly Hills Post Office there were 20 single family home sales in June 2015, up from 11 in June 2014 and a 67% increase from the 12 sales closed last month. The average list price for single family home sales in June 2015 was $4,070,900 compared to $2,558,750 for June 2014, representing a 59% increase. For the three-month period from April to June 2015, the average list price was 6% higher than the same period of the prior year. Average sales price for June 2015 was $3,884,292, compared to that of April through June 2015, which was $3,248,767. These results indicate that the sale price is trending up. Comparing June 2015 to May 2015, Beverly Hills Post Office saw a 39% increase in average sale price, and a 58% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
APR - JUN 2015
$-
$-
$-
> $3M $-
AVERAGE LIST PRICE PER SQUARE FOOT
$-
$-
$-
$-
AVERAGE SOLD PRICE
$-
$-
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$-
$-
$-
$-
TOTAL CONDOS SOLD
-
-
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-
-
-
-
0%
0%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
CONDOS APR - JUN 2014 AVERAGE LIST PRICE
$-
$-
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$-
$-
$-
$-
AVERAGE SOLD PRICE
$-
$-
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$-
$-
$-
$-
-
-
-
-
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
0%
0%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUN/JUN 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) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,131,309
$822,158
$1,486,259
$-
$621.88
$563.00
$666.13
$-
$1,142,313
$833,339
$1,497,061
$$-
$627.93
$570.65
$670.97
TOTAL SFH SOLD
58
31
27
-
TOTAL SFH FOR SALE AT END OF PERIOD
32
9
22
1
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
1.7
0.9
2.4
-
101%
101%
101%
0%
SFH APR - JUN 2014
ALL
< $1M
$1M - $3M
> $3M
$1,109,687
$745,334
$1,580,310
$-
$588.55
$501.64
$658.01
$-
$1,104,034
$743,968
$1,569,120
$-
$585.55
$500.72
$653.35
$-
TOTAL SFH SOLD
55
31
24
-
TOTAL SFH FOR SALE AT END OF PERIOD
41
21
20
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.2
2.0
2.5
-
99%
100%
99%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
2%
10%
-6%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
6%
12%
1%
0%
AVERAGE SOLD PRICE
3%
12%
-5%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
7%
14%
3%
0%
TOTAL SFH SOLD
5%
0%
13%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-22%
-57%
10%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-26%
-57%
-2%
0%
1%
2%
1%
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 JUN/JUN COMPARISON
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
14
BEVERLYWOOD
CONDOMINIUM SALES JUNE MARKET OVERVIEW
In Beverlywood there were 19 single family home sales in June 2015, up from 15 in June 2014 and a 21% decrease from the 24 sales closed last month. The average list price for single family home sales in June 2015 was $1,290,474 compared to $1,090,463 for June 2014, representing an 18% increase. For the three-month period from April to June 2015, the average list price was 2% higher than the same period of the prior year. Average sales price for June 2015 was $1,316,159, compared to that of April through June 2015, which was $1,142,313. These results indicate that the sale price is trending up. Comparing June 2015 to May 2015, Beverlywood saw a 30% increase in average sale price, and a 20% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR - JUN 2015
$697,083
$582,100
$1,272,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$523.20
$486.18
$633.62
$-
AVERAGE SOLD PRICE
$675,324
$585,000
$1,126,944
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$506.87
$488.60
$561.37
$-
TOTAL CONDOS SOLD
12
10
2
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
12
11
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.0
3.3
1.5
-
97%
100%
89%
0%
ALL
< $1M
$1M - $3M
> $3M
$697,022
$638,906
$1,685,000
$-
$496.12
$481.91
$612.50
$-
$686,705
$632,981
$1,600,000
$-
$488.78
$477.45
$581.61
$-
18
17
1
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
12
11
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.0
1.9
3.0
-
99%
99%
95%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUN/JUN COMPARISON
0%
-9%
-25%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
5%
1%
3%
0%
AVERAGE SOLD PRICE
-2%
-8%
-30%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
4%
2%
-3%
0%
-33%
-41%
100%
0%
0%
0%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
50%
70%
-50%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-2%
1%
-7%
0%
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
(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) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$3,190,841
$-
$2,088,793
$4,706,156
$949.07
$-
$807.13
$1,065.42
$3,277,093
$-
$2,140,135
$4,840,411
$976.48
$-
$828.72
$1,097.61
TOTAL SFH SOLD
76
-
44
32
TOTAL SFH FOR SALE AT END OF PERIOD
85
-
32
53
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.4
-
2.2
5.0
103%
0%
102%
103%
ALL
< $1M
$1M - $3M
> $3M
$4,187,475
$798,000
$2,028,008
$7,316,357
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
$1,055.77
$884.70
$761.68
$1,241.81
AVERAGE SOLD PRICE
$3,917,075
$798,000
$2,003,872
$6,693,288
$752.62
$1,136.06
$987.59
$884.70
TOTAL SFH SOLD
68
1
39
28
TOTAL SFH FOR SALE AT END OF PERIOD
69
-
30
39
AVERAGE SOLD PRICE PER SQUARE FOOT
3.0
-
2.3
4.2
94%
100%
99%
91%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
-24%
-100%
3%
-36%
AVERAGE LIST PRICE PER SQUARE FOOT
-10%
-100%
6%
-14%
AVERAGE SOLD PRICE
-16%
-100%
7%
-28%
AVERAGE SOLD PRICE PER SQUARE FOOT
-1%
-100%
10%
-3%
TOTAL SFH SOLD
12%
-100%
13%
14%
TOTAL SFH FOR SALE AT END OF PERIOD
23%
0%
7%
36%
AVERAGE MONTHLY SUPPLY OF INVENTORY
10%
0%
-5%
19%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
10%
-100%
4%
12%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUN/JUN COMPARISON
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
16
BRENTWOOD
CONDOMINIUM SALES JUNE MARKET OVERVIEW
In Brentwood there were 23 single family home sales in June 2015, down from 28 in June 2014 and a 23% decrease from the 30 sales closed last month. The average list price for single family home sales in June 2015 was $3,210,174 compared to $3,403,179 for June 2014, representing a 6% decrease. For the three-month period from April to June 2015, the average list price was 24% lower than the same period of the prior year. Average sales price for June 2015 was $3,221,444, compared to that of April through June 2015, which was $3,277,093. These results indicate that the sale price is trending down. Comparing June 2015 to May 2015, Brentwood saw a 4% increase in average sale price, but a 1% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) APR - JUN 2015
ALL
< $1M
$1M - $3M
> $3M
$830,599
$727,430
$1,329,250
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$574.46
$568.13
$591.92
$-
AVERAGE SOLD PRICE
$833,110
$733,207
$1,315,975
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE LIST PRICE
$576.20
$572.64
$586.01
$-
TOTAL CONDOS SOLD
70
58
12
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
48
29
19
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.1
1.5
4.8
-
100%
101%
99%
0%
ALL
< $1M
$1M - $3M
> $3M
$743,759
$631,787
$1,232,364
$-
$514.49
$505.42
$536.02
$-
AVERAGE SOLD PRICE
$737,643
$629,040
$1,211,545
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$510.26
$503.22
$526.97
$-
59
48
11
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
55
44
11
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.8
2.8
3.0
-
99%
100%
98%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUN/JUN COMPARISON
12%
15%
8%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
12%
12%
10%
0%
AVERAGE SOLD PRICE
13%
17%
9%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
13%
14%
11%
0%
TOTAL CONDOS SOLD
19%
21%
9%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-13%
-34%
73%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-26%
-45%
58%
0%
1%
1%
1%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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) APR - JUN 2015 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
$1,967,917
$938,000
$1,881,048
$3,395,000
$745.12
$647.79
$739.00
$800.24
$1,954,353
$880,000
$1,868,070
$3,397,500
$739.98
$607.73
$733.91
$800.82
24
1
21
2
7
-
3
4
0.9
-
0.4
6.0
99%
94%
99%
100%
ALL
< $1M
$1M - $3M
> $3M
$1,758,407
$914,333
$1,537,429
$4,149,333
SFH APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$934.82
$595.79
$760.08
$3,112.00
$1,796,111
$926,667
$1,586,905
$4,130,000
$952.96
$603.82
$782.54
$3,097.50
TOTAL SFH SOLD
27
3
21
3
TOTAL SFH FOR SALE AT END OF PERIOD
14
2
9
3
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.6
2.0
1.3
3.0
102%
101%
103%
100%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUN/JUN COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
12%
3%
22%
-18%
-20%
9%
-3%
-74%
9%
-5%
18%
-18%
AVERAGE SOLD PRICE PER SQUARE FOOT
-22%
1%
-6%
-74%
TOTAL SFH SOLD
-11%
-67%
0%
-33%
TOTAL SFH FOR SALE AT END OF PERIOD
-50%
-100%
-67%
33%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-44%
-100%
-67%
100%
-3%
-7%
-4%
1%
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
18
CHEVIOT HILLS - RANCHO PARK
CONDOMINIUM SALES JUNE MARKET OVERVIEW
In Cheviot Hills - Rancho Park there were 8 single family home sales in June 2015, down from 11 in June 2014 and a similar performance from the 8 sales closed last month. The average list price for single family home sales in June 2015 was $1,970,000 almost matching $1,906,545 for June 2014. For the three-month period from April to June 2015, the average list price was 12% higher than the same period of the prior year. Average sales price for June 2015 was $1,988,625, compared to that of April through June 2015, which was $1,954,353. These results indicate that the sale price is trending up. Comparing June 2015 to May 2015, Cheviot Hills - Rancho Park saw a 7% decrease in average sale price, but a 3% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
APR - JUN 2015
$-
$-
$-
> $3M $-
AVERAGE LIST PRICE PER SQUARE FOOT
$-
$-
$-
$-
AVERAGE SOLD PRICE
$-
$-
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$-
$-
$-
$-
TOTAL CONDOS SOLD
-
-
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-
-
-
-
0%
0%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
CONDOS APR - JUN 2014 AVERAGE LIST PRICE
$-
$-
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$-
$-
$-
$-
AVERAGE SOLD PRICE
$-
$-
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$-
$-
$-
$-
-
-
-
-
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
0%
0%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUN/JUN 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)
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) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$984,459
$811,361
$1,135,223
$-
$617.31
$622.12
$614.35
$-
$1,012,533
$824,704
$1,176,126
$-
$634.91
$632.35
$636.49
$-
TOTAL SFH SOLD
58
27
31
-
TOTAL SFH FOR SALE AT END OF PERIOD
33
14
19
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.7
1.6
1.8
-
103%
102%
104%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR - JUN 2014
ALL
< $1M
$1M - $3M
> $3M
$884,836
$765,244
$1,227,667
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$546.93
$533.06
$573.59
$-
AVERAGE SOLD PRICE
$917,443
$791,132
$1,279,533
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$567.08
$551.10
$597.82
$-
TOTAL SFH SOLD
58
43
15
-
TOTAL SFH FOR SALE AT END OF PERIOD
28
19
9
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.4
1.3
1.8
-
104%
103%
104%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUN/JUN COMPARISON AVERAGE LIST PRICE
11%
6%
-8%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
13%
17%
7%
0%
AVERAGE SOLD PRICE
10%
4%
-8%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
12%
15%
6%
0%
TOTAL SFH SOLD
0%
-37%
107%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
18%
-26%
111%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
18%
17%
2%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-1%
-2%
-1%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
20
CULVER CITY
CONDOMINIUM SALES JUNE MARKET OVERVIEW
In Culver City there were 27 condominium sales in June 2015, up from 20 in June 2014 and a 4% decrease from the 28 sales closed last month. The average list price for condo sales in June 2015 was $439,230 compared to $463,270 for June 2014, representing a 5% decrease. For the three-month period from April to June 2015, the average list price was 15% higher than the same period of the prior year. Average sales price for June 2015 was $442,500, compared to that of April through June 2015, which was $500,995. These results indicate that the sale price is trending down. Comparing June 2015 to May 2015, Culver City saw a 20% decrease in average sale price, and a 5% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$490,656
$484,749
$975,000
$-
$419.60
$417.58
$522.51
$-
$500,995
$494,604
$1,025,000
$-
$428.44
$426.07
$549.30
$-
TOTAL CONDOS SOLD
83
82
1
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
15
15
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
0.5
0.5
-
-
102%
102%
105%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$426,211
$426,211
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$392.39
$392.39
$-
$-
$428,988
$428,988
$-
$-
$394.85
$394.85
$-
$-
60
60
-
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS APR - JUN 2014
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
34
34
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.7
1.7
-
-
101%
101%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUN/JUN COMPARISON
15%
14%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
7%
6%
0%
0%
AVERAGE SOLD PRICE
17%
15%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
9%
8%
0%
0%
TOTAL CONDOS SOLD
38%
37%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-56%
-56%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-68%
-68%
0%
0%
1%
1%
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) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$330,795
$330,795
$-
$-
$217.28
$217.28
$-
$-
$332,177
$332,177
$-
$-
$218.19
$218.19
$-
$-
TOTAL SFH SOLD
22
22
-
-
TOTAL SFH FOR SALE AT END OF PERIOD
28
27
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.8
3.7
-
-
100%
100%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR - JUN 2014
ALL
< $1M
$1M - $3M
> $3M
$275,227
$275,227
$-
$-
$191.58
$191.58
$-
$-
$280,297
$280,297
$-
$-
$195.11
$195.11
$-
$-
TOTAL SFH SOLD
30
30
-
-
TOTAL SFH FOR SALE AT END OF PERIOD
21
19
1
1
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
2.1
1.9
-
-
102%
102%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
20%
20%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
13%
13%
0%
0%
AVERAGE SOLD PRICE
19%
19%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
12%
12%
0%
0%
TOTAL SFH SOLD
-27%
-27%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUN/JUN COMPARISON
TOTAL SFH FOR SALE AT END OF PERIOD
33%
42%
0%
-100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
82%
94%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-1%
-1%
0%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
22
DOWNTOWN LOS ANGELES
CONDOMINIUM SALES JUNE MARKET OVERVIEW
In Downtown L.A. there were 42 condominium sales in June 2015, up from 39 in June 2014 and a 2% decrease from the 43 sales closed last month. The average list price for condo sales in June 2015 was $647,774 compared to $552,765 for June 2014, representing a 17% increase. For the three-month period from April to June 2015, the average list price was 10% higher than the same period of the prior year. Average sales price for June 2015 was $640,288, compared to that of April through June 2015, which was $670,312. These results indicate that the sale price is trending down. Comparing June 2015 to May 2015, Downtown L.A. was flat in average sale price, and a 17% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) APR - JUN 2015 AVERAGE LIST PRICE
ALL
< $1M
$1M - $3M
> $3M
$676,858
$568,829
$1,564,778
$3,325,000
AVERAGE LIST PRICE PER SQUARE FOOT
$589.75
$540.36
$813.67
$930.98
AVERAGE SOLD PRICE
$670,312
$563,226
$1,560,556
$3,250,000
AVERAGE SOLD PRICE PER SQUARE FOOT
$909.98
$584.21
$535.23
$811.47
TOTAL CONDOS SOLD
134
123
9
2
TOTAL CONDOS FOR SALE AT END OF PERIOD
105
86
16
3
2.4
2.1
5.3
4.5
99%
99%
100%
98%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$614,275
$551,751
$1,496,556
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$539.03
$525.24
$624.35
$-
AVERAGE SOLD PRICE
$606,914
$547,238
$1,449,000
$-
$532.57
$520.94
$604.51
$-
TOTAL CONDOS SOLD
136
127
9
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
110
94
13
3
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.4
2.2
4.3
-
99%
99%
97%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS APR - JUN 2014
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUN/JUN COMPARISON
10%
3%
5%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
9%
3%
30%
0%
AVERAGE SOLD PRICE
10%
3%
8%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
10%
3%
34%
0%
TOTAL CONDOS SOLD
-1%
-3%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-5%
-9%
23%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-3%
-6%
23%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
0%
3%
0%
(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) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR - JUN 2015
$716,331
$707,205
$1,200,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$465.99
$465.34
$487.41
$-
AVERAGE SOLD PRICE
$740,832
$732,168
$1,200,000
$-
$481.93
$481.76
$487.41
$-
TOTAL SFH SOLD
54
53
1
-
TOTAL SFH FOR SALE AT END OF PERIOD
37
27
10
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.1
1.5
30.0
-
103%
104%
100%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR - JUN 2014
ALL
< $1M
$1M - $3M
> $3M
$641,342
$630,364
$1,289,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$422.16
$420.81
$464.34
$-
AVERAGE SOLD PRICE
$646,712
$637,140
$1,211,500
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$426.55
$426.23
$436.42
$-
AVERAGE LIST PRICE
TOTAL SFH SOLD
60
59
1
-
TOTAL SFH FOR SALE AT END OF PERIOD
31
28
3
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.6
1.4
9.0
-
101%
101%
94%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
12%
12%
-7%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
10%
11%
5%
0%
AVERAGE SOLD PRICE
15%
15%
-1%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
13%
13%
12%
0%
TOTAL SFH SOLD
-10%
-10%
0%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
19%
-4%
233%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
33%
7%
233%
0%
3%
2%
6%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUN/JUN COMPARISON
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
24
EAGLE ROCK
CONDOMINIUM SALES JUNE MARKET OVERVIEW
In Eagle Rock there were 19 single family home sales in June 2015, up from 13 in June 2014 and a 27% increase from the 15 sales closed last month. The average list price for single family home sales in June 2015 was $730,394 compared to $691,608 for June 2014, representing a 6% increase. For the three-month period from April to June 2015, the average list price was 12% higher than the same period of the prior year. Average sales price for June 2015 was $764,680, compared to that of April through June 2015, which was $740,832. These results indicate that the sale price is trending up. Comparing June 2015 to May 2015, Eagle Rock saw a 4% increase in average sale price, and a 9% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
APR - JUN 2015
$-
$-
$-
> $3M $-
AVERAGE LIST PRICE PER SQUARE FOOT
$-
$-
$-
$-
AVERAGE SOLD PRICE
$-
$-
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$-
$-
$-
$-
TOTAL CONDOS SOLD
-
-
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
-
-
-
-
0%
0%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
$369,000
$369,000
$-
$-
$239.77
$239.77
$-
$-
$370,000
$370,000
$-
$-
$240.42
$240.42
$-
$-
TOTAL CONDOS SOLD
1
1
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
100%
100%
0%
0%
> $3M
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
JUN/JUN COMPARISON
-100%
-100%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
-100%
-100%
0%
0%
AVERAGE SOLD PRICE
-100%
-100%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
-100%
-100%
0%
0%
TOTAL CONDOS SOLD
0%
-100%
-100%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
0%
0%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
0%
0%
0%
0%
-100%
-100%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
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) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,718,028
$789,434
$1,619,466
$5,864,667
$642.31
$430.63
$619.08
$960.19
$1,708,670
$790,569
$1,605,655
$5,867,833 $960.71
$638.81
$431.25
$613.80
TOTAL SFH SOLD
90
20
64
6
TOTAL SFH FOR SALE AT END OF PERIOD
69
17
40
12
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.3
2.6
1.9
6.0
99%
100%
99%
100%
ALL
< $1M
$1M - $3M
> $3M
$1,750,507
$791,276
$1,716,350
$5,352,000
SFH APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
$623.07
$423.18
$632.25
$805.19
$1,702,074
$787,820
$1,675,987
$5,101,429
$606.88
$421.33
$619.55
$767.49
TOTAL SFH SOLD
68
25
36
7
TOTAL SFH FOR SALE AT END OF PERIOD
84
28
40
16
3.7
3.4
3.3
6.9
97%
100%
98%
95%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
-2%
0%
-6%
10%
AVERAGE LIST PRICE PER SQUARE FOOT
3%
2%
-2%
19%
AVERAGE SOLD PRICE
0%
0%
-4%
15%
AVERAGE SOLD PRICE PER SQUARE FOOT
5%
2%
-1%
25%
78%
-14%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUN/JUN COMPARISON
32%
-20%
TOTAL SFH FOR SALE AT END OF PERIOD
-18%
-39%
0%
-25%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-38%
-24%
-44%
-13%
2%
1%
2%
5%
TOTAL SFH SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
26
CONDOMINIUM SALES
HANCOCK PARK
JUNE MARKET OVERVIEW In Hancock Park - Wilshire there were 25 single family home sales in June 2015, up from 22 in June 2014 and a 19% decrease from the 31 sales closed last month. The average list price for single family home sales in June 2015 was $1,966,594 almost matching $2,046,650 for June 2014. For the three-month period from April to June 2015, the average list price was 2% lower than the same period of the prior year. Average sales price for June 2015 was $1,962,294, compared to that of April through June 2015, which was $1,708,670. These results indicate that the sale price is trending up. Comparing June 2015 to May 2015, Hancock Park - Wilshire saw a 10% increase in average sale price, but a 1% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) APR - JUN 2015
ALL
< $1M
$1M - $3M
> $3M
$572,863
$547,824
$1,925,000
$-
$439.18
$425.03
$899.11
$-
AVERAGE SOLD PRICE
$566,673
$542,444
$1,875,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
$434.43
$420.86
$875.76
$-
TOTAL CONDOS SOLD
55
54
1
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
39
36
3
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.1
2.0
9.0
-
99%
99%
97%
0%
ALL
< $1M
$1M - $3M
> $3M
$581,856
$501,558
$1,786,333
$-
$447.57
$411.38
$711.03
$-
$573,685
$494,153
$1,766,667
$-
$441.29
$405.31
$703.20
$-
48
45
3
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
54
49
5
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.4
3.3
5.0
-
99%
99%
99%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUN/JUN COMPARISON
-2%
9%
8%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
-2%
3%
26%
0%
AVERAGE SOLD PRICE
-1%
10%
6%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
-2%
4%
25%
0%
TOTAL CONDOS SOLD
15%
20%
-67%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-28%
-27%
-40%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-37%
-39%
80%
0%
0%
1%
-2%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR - JUN 2015
$886,261
$742,832
$1,244,833
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$563.44
$519.87
$643.93
$-
$926,809
$774,399
$1,307,833
$-
AVERAGE SOLD PRICE
$589.22
$541.97
$676.52
$-
TOTAL SFH SOLD
21
15
6
-
TOTAL SFH FOR SALE AT END OF PERIOD
22
14
8
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.1
2.8
4.0
-
105%
104%
105%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
ALL
< $1M
$1M - $3M
> $3M
$1,067,805
$686,790
$1,414,182
$-
$560.74
$474.63
$609.56
$-
$1,046,253
$695,818
$1,364,831
$-
$549.42
$480.87
$588.29
$-
TOTAL SFH SOLD
21
10
11
-
TOTAL SFH FOR SALE AT END OF PERIOD
28
22
5
1
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
4.0
6.6
1.4
-
98%
101%
97%
0%
ALL
< $1M
$1M - $3M
> $3M
SFH JUN/JUN COMPARISON
-17%
8%
-12%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
0%
10%
6%
0%
AVERAGE SOLD PRICE
-11%
11%
-4%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
7%
13%
15%
0%
TOTAL SFH SOLD
0%
50%
-45%
0%
AVERAGE LIST PRICE
TOTAL SFH FOR SALE AT END OF PERIOD
-21%
-36%
60%
-100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-21%
-58%
193%
0%
7%
3%
9%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
28
HOLLYWOOD
CONDOMINIUM SALES JUNE MARKET OVERVIEW
In Hollywood there were 14 condominium sales in June 2015, down from 18 in June 2014 and a 250% increase from the 4 sales closed last month. The average list price for condo sales in June 2015 was $686,429 compared to $640,083 for June 2014, representing a 7% increase. For the three-month period from April to June 2015, the average list price was 1% higher than the same period of the prior year. Average sales price for June 2015 was $678,214, compared to that of April through June 2015, which was $717,268. These results indicate that the sale price is trending down. Comparing June 2015 to May 2015, Hollywood saw a 22% decrease in average sale price, but a 7% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR - JUN 2015
$727,755
$528,954
$1,682,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$567.29
$477.50
$857.11
$-
AVERAGE SOLD PRICE
$717,268
$526,699
$1,632,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$558.56
$475.47
$826.76
$-
TOTAL CONDOS SOLD
29
24
5
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
20
17
3
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.1
2.1
1.8
-
99%
100%
97%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$720,879
$534,695
$1,548,361
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$555.30
$479.54
$728.60
$-
AVERAGE SOLD PRICE
$704,126
$528,898
$1,482,917
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$542.39
$474.45
$697.81
$-
49
40
9
1
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS APR - JUN 2014
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
25
17
7
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.5
1.3
2.3
-
98%
99%
96%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUN/JUN COMPARISON
1%
-1%
9%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
2%
0%
18%
0%
AVERAGE SOLD PRICE
2%
0%
10%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
3%
0%
18%
0%
TOTAL CONDOS SOLD
-41%
-40%
-44%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-20%
0%
-57%
-100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
35%
67%
-23%
0%
1%
1%
1%
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) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,382,457
$896,688
$1,496,756
$-
$574.92
$485.78
$590.19
$-
$1,393,089
$876,750
$1,514,581
$$-
$579.34
$474.98
$597.22
TOTAL SFH SOLD
42
8
34
-
TOTAL SFH FOR SALE AT END OF PERIOD
48
10
33
5
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.4
3.8
2.9
-
101%
98%
101%
0%
ALL
< $1M
$1M - $3M
> $3M
$1,204,513
$840,786
$1,321,083
$3,499,000
SFH APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$557.41
$559.30
$536.72
$841.92
$1,194,341
$808,571
$1,320,178
$3,575,000
$536.35
$860.20
$552.70
$537.87
TOTAL SFH SOLD
39
14
24
1
TOTAL SFH FOR SALE AT END OF PERIOD
44
8
34
2
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.4
1.7
4.3
6.0
99%
96%
100%
102%
ALL
< $1M
$1M - $3M
> $3M
SFH JUN/JUN COMPARISON AVERAGE LIST PRICE
15%
7%
13%
-100%
AVERAGE LIST PRICE PER SQUARE FOOT
3%
-13%
10%
-100%
AVERAGE SOLD PRICE
17%
8%
15%
-100%
AVERAGE SOLD PRICE PER SQUARE FOOT
5%
-12%
11%
-100%
TOTAL SFH SOLD
8%
-43%
42%
-100%
TOTAL SFH FOR SALE AT END OF PERIOD
9%
25%
-3%
150%
AVERAGE MONTHLY SUPPLY OF INVENTORY
1%
119%
-31%
-100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2%
2%
1%
-100% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
30
HOLLYWOOD HILLS EAST
CONDOMINIUM SALES JUNE MARKET OVERVIEW
In Hollywood Hills East there were 15 single family home sales in June 2015, which is the same as June 2014 and a 36% increase from the 11 sales closed last month. The average list price for single family home sales in June 2015 was $1,389,220 compared to $1,297,533 for June 2014, representing a 7% increase. For the three-month period from April to June 2015, the average list price was 15% higher than the same period of the prior year. Average sales price for June 2015 was $1,452,267, compared to that of April through June 2015, which was $1,393,089. These results indicate that the sale price is trending up. Comparing June 2015 to May 2015, Hollywood Hills East saw a 12% increase in average sale price, and a 12% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$512,508
$512,508
$-
$-
$377.87
$377.87
$-
$-
$512,465
$512,465
$-
$-
$377.84
$377.84
$-
$-
TOTAL CONDOS SOLD
13
13
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
9
7
2
-
2.1
1.6
-
-
100%
100%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$421,725
$421,725
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$403.71
$403.71
$-
$-
AVERAGE SOLD PRICE
$417,063
$417,063
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$399.25
$399.25
$-
$-
8
8
-
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS APR - JUN 2014
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
12
12
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
4.5
4.5
-
-
99%
99%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUN/JUN COMPARISON
22%
22%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
-6%
-6%
0%
0%
AVERAGE SOLD PRICE
23%
23%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
-5%
-5%
0%
0%
TOTAL CONDOS SOLD
63%
63%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-25%
-42%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-54%
-64%
0%
0%
1%
1%
0%
0%
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) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,494,011
$743,750
$1,656,222
$3,594,800
$637.56
$593.40
$615.35
$822.97
$1,525,392
$758,886
$1,685,395
$3,714,000 $861.98
$649.86
$603.55
$623.25
TOTAL SFH SOLD
64
22
37
5
TOTAL SFH FOR SALE AT END OF PERIOD
57
6
40
11
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.7
0.8
3.2
6.6
102%
102%
102%
103%
ALL
< $1M
$1M - $3M
> $3M
$1,469,526
$738,080
$1,677,581
$3,438,750
SFH APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$631.29
$521.31
$619.97
$948.82
$1,476,705
$747,004
$1,682,983
$3,455,000
$621.97
$953.30
$634.46
$528.41
TOTAL SFH SOLD
70
23
43
4
TOTAL SFH FOR SALE AT END OF PERIOD
67
13
46
8
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.9
1.7
3.2
6.0
100%
101%
100%
100%
ALL
< $1M
$1M - $3M
> $3M
SFH JUN/JUN COMPARISON AVERAGE LIST PRICE
2%
1%
-1%
5%
AVERAGE LIST PRICE PER SQUARE FOOT
1%
14%
-1%
-13%
AVERAGE SOLD PRICE
3%
2%
0%
7%
AVERAGE SOLD PRICE PER SQUARE FOOT
2%
14%
0%
-10%
TOTAL SFH SOLD
-9%
-4%
-14%
25%
TOTAL SFH FOR SALE AT END OF PERIOD
-15%
-54%
-13%
38%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-7%
-52%
1%
10%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2%
1%
1%
3% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
32
LOS FELIZ
CONDOMINIUM SALES JUNE MARKET OVERVIEW
In Los Feliz there were 23 single family home sales in June 2015, down from 24 in June 2014 and a 28% increase from the 18 sales closed last month. The average list price for single family home sales in June 2015 was $1,700,443 compared to $1,562,542 for June 2014, representing a 9% increase. For the three-month period from April to June 2015, the average list price was 2% higher than the same period of the prior year. Average sales price for June 2015 was $1,782,730, compared to that of April through June 2015, which was $1,525,392. These results indicate that the sale price is trending up. Comparing June 2015 to May 2015, Los Feliz saw a 8% increase in average sale price, and a 15% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR - JUN 2015
$560,733
$560,733
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$509.06
$509.06
$-
$-
AVERAGE SOLD PRICE
$559,983
$559,983
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$508.38
$508.38
$-
$-
TOTAL CONDOS SOLD
6
6
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
5
5
-
-
2.5
2.5
-
-
100%
100%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$488,272
$488,272
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$432.95
$432.95
$-
$-
$505,556
$505,556
$-
$-
$448.28
$448.28
$-
$-
9
9
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS APR - JUN 2014
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
7
7
-
2.3
2.3
-
-
104%
104%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUN/JUN COMPARISON
15%
15%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
18%
18%
0%
0%
AVERAGE SOLD PRICE
11%
11%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
13%
13%
0%
0%
TOTAL CONDOS SOLD
-33%
-33%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-29%
-29%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
7%
7%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-4%
-4%
0%
0%
(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) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$3,105,015
$783,475
$2,143,879
$5,667,743
$842.54
$583.05
$685.84
$1,055.13
$2,947,473
$796,000
$2,031,203
$5,375,148 $983.37
$794.07
$592.37
$652.75
TOTAL SFH SOLD
53
4
33
16
TOTAL SFH FOR SALE AT END OF PERIOD
164
2
66
96
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
9.3
1.5
6.0
18.0
95%
102%
95%
95%
ALL
< $1M
$1M - $3M
> $3M
$2,829,640
$839,475
$2,091,529
$4,618,875
SFH APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$779.34
$363.29
$751.11
$854.02
$2,680,810
$840,625
$1,972,834
$4,379,813
$712.95
$810.90
$741.02
$363.79
TOTAL SFH SOLD
48
4
28
16
TOTAL SFH FOR SALE AT END OF PERIOD
172
3
80
89
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY
10.8
2.3
8.6
16.7
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
95%
100%
94%
95%
ALL
< $1M
$1M - $3M
> $3M 23%
SFH JUN/JUN COMPARISON AVERAGE LIST PRICE
10%
-7%
3%
AVERAGE LIST PRICE PER SQUARE FOOT
8%
60%
-9%
24%
AVERAGE SOLD PRICE
10%
-5%
3%
23%
AVERAGE SOLD PRICE PER SQUARE FOOT
7%
63%
-8%
21%
TOTAL SFH SOLD
10%
0%
18%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-5%
-33%
-18%
8%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-14%
-33%
-30%
8%
0%
1%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
34
MALIBU
CONDOMINIUM SALES JUNE MARKET OVERVIEW
In Malibu there were 18 single family home sales in June 2015, up from 14 in June 2014 and a 13% increase from the 16 sales closed last month. The average list price for single family home sales in June 2015 was $4,186,160 compared to $2,670,986 for June 2014, representing a 57% increase. For the three-month period from April to June 2015, the average list price was 10% higher than the same period of the prior year. Average sales price for June 2015 was $3,947,875, compared to that of April through June 2015, which was $2,947,473. These results indicate that the sale price is trending up. Comparing June 2015 to May 2015, Malibu saw a 58% increase in average sale price, and a 57% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR - JUN 2015
$903,445
$649,223
$1,375,571
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$608.24
$526.31
$704.34
$-
AVERAGE SOLD PRICE
$862,425
$629,077
$1,295,786
$$-
$580.62
$509.98
$663.48
TOTAL CONDOS SOLD
20
13
7
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
29
15
11
3
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
4.4
3.5
4.7
-
95%
97%
94%
0%
ALL
< $1M
$1M - $3M
> $3M
CONDOS APR - JUN 2014
$967,009
$827,017
$1,107,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$626.76
$608.66
$641.00
$-
AVERAGE SOLD PRICE
$912,813
$769,375
$1,056,250
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$591.63
$566.24
$611.61
$-
8
4
4
-
AVERAGE LIST PRICE
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
15
10
5
AVERAGE MONTHLY SUPPLY OF INVENTORY
5.6
7.5
3.8
-
94%
93%
95%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUN/JUN COMPARISON
-7%
-21%
24%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
-3%
-14%
10%
0%
AVERAGE SOLD PRICE
-6%
-18%
23%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
-2%
-10%
8%
0%
TOTAL CONDOS SOLD
150%
225%
75%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
93%
50%
120%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-23%
-54%
26%
0%
1%
4%
-1%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$6,042,077
$-
$2,341,250
$7,686,889
$2,023.79
$-
$1,310.52
$2,193.35
$5,544,962
$-
$2,217,375
$7,023,889 $1,999.83
$1,854.12
$-
$1,241.18
TOTAL SFH SOLD
13
-
4
9
TOTAL SFH FOR SALE AT END OF PERIOD
66
-
8
58
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY
15.2
-
6.0
19.3
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
92%
0%
95%
91%
SFH APR - JUN 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
ALL
< $1M
$1M - $3M
> $3M
$5,404,833
$-
$1,776,167
$7,219,167
$1,781.42
$-
$1,256.72
$1,932.31
$5,608,361
$-
$1,744,667
$7,540,208
$1,709.02
$-
$1,234.43
$1,845.50
9
-
3
6
68
-
8
60
22.7
-
8.0
30.0
104%
0%
98%
104%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
12%
0%
32%
6%
AVERAGE LIST PRICE PER SQUARE FOOT
14%
0%
4%
14%
AVERAGE SOLD PRICE
-1%
0%
27%
-7%
AVERAGE SOLD PRICE PER SQUARE FOOT
8%
0%
1%
8%
44%
0%
33%
50%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUN/JUN COMPARISON
TOTAL SFH SOLD
-3%
0%
0%
-3%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-33%
0%
-25%
-36%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-12%
0%
-4%
-13%
TOTAL SFH FOR SALE AT END OF PERIOD
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
36
CONDOMINIUM SALES
MALIBU BEACH
JUNE MARKET OVERVIEW
In Malibu Beach there were 7 single family home sales in June 2015, up from 6 in June 2014 and a 133% increase from the 3 sales closed last month. The average list price for single family home sales in June 2015 was $6,922,714 compared to $5,061,417 for June 2014, representing a 37% increase. For the three-month period from April to June 2015, the average list price was 12% higher than the same period of the prior year. Average sales price for June 2015 was $6,195,643, compared to that of April through June 2015, which was $5,544,962. These results indicate that the sale price is trending up. Comparing June 2015 to May 2015, Malibu Beach saw a 30% increase in average sale price, and a 11% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR - JUN 2015
$1,021,444
$771,143
$1,897,500
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$1,022.69
$828.04
$1,536.44
$-
AVERAGE SOLD PRICE
$978,333
$747,857
$1,785,000
$-
$979.53
$803.04
$1,445.34
$-
TOTAL CONDOS SOLD
9
7
2
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
14
8
6
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
4.7
3.4
9.0
-
96%
97%
94%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS APR - JUN 2014
$807,333
$689,800
$1,395,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$823.67
$728.41
$1,217.28
$-
AVERAGE SOLD PRICE
$756,667
$651,000
$1,285,000
$-
$771.98
$687.43
$1,121.29
$-
6
5
1
2
AVERAGE LIST PRICE
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
18
10
6
AVERAGE MONTHLY SUPPLY OF INVENTORY
9.0
6.0
18.0
-
94%
94%
92%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUN/JUN COMPARISON
27%
12%
36%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
24%
14%
26%
0%
AVERAGE SOLD PRICE
29%
15%
39%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
27%
17%
29%
0%
TOTAL CONDOS SOLD
50%
40%
100%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-22%
-20%
0%
-100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-48%
-43%
-50%
0%
2%
3%
2%
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) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,448,700
$737,500
$1,626,500
$-
$724.93
$908.25
$708.71
$-
$1,476,410
$760,050
$1,655,500
$$-
$738.80
$936.02
$721.35
TOTAL SFH SOLD
10
2
8
-
TOTAL SFH FOR SALE AT END OF PERIOD
12
-
9
3
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.6
-
3.4
-
102%
103%
102%
0%
ALL
< $1M
$1M - $3M
> $3M
$1,667,417
$702,512
$1,892,000
$3,472,500
SFH APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
$609.94
$655.83
$596.54
$633.21
$1,638,103
$740,589
$1,861,518
$3,215,500
$598.53
$694.44
$586.31
$586.34 2
TOTAL SFH SOLD
23
7
14
TOTAL SFH FOR SALE AT END OF PERIOD
15
2
8
5
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.0
0.9
1.7
7.5
98%
105%
98%
93%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUN/JUN COMPARISON AVERAGE LIST PRICE
-13%
5%
-14%
-100%
AVERAGE LIST PRICE PER SQUARE FOOT
19%
38%
19%
-100%
AVERAGE SOLD PRICE
-10%
3%
-11%
-100%
AVERAGE SOLD PRICE PER SQUARE FOOT
23%
35%
23%
-100%
TOTAL SFH SOLD
-57%
-71%
-43%
-100%
TOTAL SFH FOR SALE AT END OF PERIOD
-20%
-100%
13%
-40%
AVERAGE MONTHLY SUPPLY OF INVENTORY
84%
-100%
97%
-100%
4%
-2%
3%
-100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
38
MARINA DEL REY
CONDOMINIUM SALES JUNE MARKET OVERVIEW
In Marina Del Rey there were 26 condominium sales in June 2015, down from 32 in June 2014 and a 16% decrease from the 31 sales closed last month. The average list price for condo sales in June 2015 was $963,265 almost matching $992,119 for June 2014. For the three-month period from April to June 2015, the average list price was 4% higher than the same period of the prior year. Average sales price for June 2015 was $955,672, compared to that of April through June 2015, which was $958,420. These results indicate that the sale price is trending down. Comparing June 2015 to May 2015, Marina Del Rey saw a 5% increase in average sale price, but a 1% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) APR - JUN 2015 AVERAGE LIST PRICE
ALL
< $1M
$1M - $3M
> $3M
$969,429
$727,858
$1,467,958
$3,499,000
AVERAGE LIST PRICE PER SQUARE FOOT
$640.28
$556.33
$744.50
$1,168.28
AVERAGE SOLD PRICE
$958,420
$731,434
$1,434,571
$3,150,000
$632.77
$558.78
$727.56
$1,051.75
TOTAL CONDOS SOLD
85
60
24
1
TOTAL CONDOS FOR SALE AT END OF PERIOD
65
33
31
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.3
1.7
3.9
3.0
99%
100%
98%
90%
ALL
< $1M
$1M - $3M
> $3M
$934,264
$719,127
$1,455,558
$-
$575.11
$474.88
$777.01
$-
AVERAGE SOLD PRICE
$914,012
$713,906
$1,398,885
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$562.69
$471.40
$746.56
$-
89
63
26
2
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
87
53
32
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.9
2.5
3.7
-
98%
99%
96%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUN/JUN COMPARISON
4%
1%
1%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
11%
17%
-4%
0%
AVERAGE SOLD PRICE
5%
2%
3%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
12%
19%
-3%
0%
-4%
-5%
-8%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-25%
-38%
-3%
-50%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-22%
-35%
5%
0%
1%
1%
2%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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
APR - JUN 2015
$551,479
$529,676
$1,271,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$353.57
$352.25
$372.73
$-
$553,390
$531,428
$1,278,133
$$-
AVERAGE SOLD PRICE
$354.79
$353.42
$374.82
TOTAL SFH SOLD
102
99
3
-
TOTAL SFH FOR SALE AT END OF PERIOD
60
58
1
1
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
1.8
1.8
1.0
-
100%
100%
101%
0%
SFH APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
ALL
< $1M
$1M - $3M
> $3M
$500,471
$478,958
$874,800
$-
$307.67
$300.66
$395.48
$-
$523,350
$479,434
$1,287,500
$-
$321.73
$300.96
$582.05
$-
TOTAL SFH SOLD
92
87
5
-
TOTAL SFH FOR SALE AT END OF PERIOD
88
82
6
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.9
2.8
3.6
-
105%
100%
147%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUN/JUN COMPARISON AVERAGE LIST PRICE
10%
11%
45%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
15%
17%
-6%
0%
AVERAGE SOLD PRICE
6%
11%
-1%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
10%
17%
-36%
0%
TOTAL SFH SOLD
11%
14%
-40%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-32%
-29%
-83%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-39%
-38%
-72%
0%
-4%
0%
-32%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
40
MID LOS ANGELES
CONDOMINIUM SALES JUNE MARKET OVERVIEW
In Mid Los Angeles there were 34 single family home sales in June 2015, up from 30 in June 2014 and a 3% decrease from the 35 sales closed last month. The average list price for single family home sales in June 2015 was $601,485 compared to $567,060 for June 2014, representing a 6% increase. For the three-month period from April to June 2015, the average list price was 10% higher than the same period of the prior year. Average sales price for June 2015 was $598,414, compared to that of April through June 2015, which was $553,390. These results indicate that the sale price is trending up. Comparing June 2015 to May 2015, Mid Los Angeles saw a 21% increase in average sale price, and a 5% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$324,500
$324,500
$-
$-
$305.79
$305.79
$-
$-
$322,200
$322,200
$-
$-
$303.62
$303.62
$-
$-
TOTAL CONDOS SOLD
5
5
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
3
3
-
-
1.8
1.8
-
-
99%
99%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
$245,800
$245,800
$-
$-
$201.31
$201.31
$-
$-
$240,000
$240,000
$-
$-
$196.56
$196.56
$-
$-
1
1
-
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
5
5
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
15.0
15.0
-
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
98%
98%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUN/JUN COMPARISON
32%
32%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
52%
52%
0%
0%
AVERAGE SOLD PRICE
34%
34%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
54%
54%
0%
0%
TOTAL CONDOS SOLD
400%
400%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-40%
-40%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-88%
-88%
0%
0%
2%
2%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR - JUN 2015
$821,010
$741,263
$1,140,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$393.52
$388.62
$405.48
$-
$803,300
$724,125
$1,120,000
$-
AVERAGE SOLD PRICE
$384.00
$378.12
$398.36
$-
TOTAL SFH SOLD
10
8
2
-
TOTAL SFH FOR SALE AT END OF PERIOD
11
7
4
-
3.3
2.6
6.0
-
98%
98%
98%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
ALL
< $1M
$1M - $3M
> $3M
$706,590
$682,322
$925,000
$-
$327.20
$319.71
$387.52
$-
$704,950
$671,056
$1,010,000
$-
$326.44
$314.43
$423.13
$-
TOTAL SFH SOLD
10
9
1
-
TOTAL SFH FOR SALE AT END OF PERIOD
12
10
2
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.6
3.3
6.0
-
100%
98%
109%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUN/JUN COMPARISON AVERAGE LIST PRICE
16%
9%
23%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
20%
22%
5%
0%
AVERAGE SOLD PRICE
14%
8%
11%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
18%
20%
-6%
0%
TOTAL SFH SOLD
0%
-11%
100%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-8%
-30%
100%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-8%
-21%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-2%
-1%
-10%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
42
MID WILSHIRE
CONDOMINIUM SALES JUNE MARKET OVERVIEW
In Mid Wilshire there were 19 condominium sales in June 2015, which is the same as June 2014 and a 46% increase from the 13 sales closed last month. The average list price for condo sales in June 2015 was $576,047 compared to $416,053 for June 2014, representing a 38% increase. For the three-month period from April to June 2015, the average list price was 16% higher than the same period of the prior year. Average sales price for June 2015 was $567,368, compared to that of April through June 2015, which was $546,509. These results indicate that the sale price is trending up. Comparing June 2015 to May 2015, Mid Wilshire saw a 19% increase in average sale price, and a 41% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$557,260
$488,639
$1,192,000
$-
$461.76
$423.71
$700.15
$-
$546,509
$484,510
$1,120,000
$-
$452.85
$420.13
$657.86
$-
TOTAL CONDOS SOLD
41
37
4
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
42
40
2
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.1
3.2
1.5
-
98%
99%
94%
0%
ALL
< $1M
$1M - $3M
> $3M
$480,812
$480,812
$-
$-
$416.25
$416.25
$-
$-
AVERAGE SOLD PRICE
$469,891
$469,891
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$406.79
$406.79
$-
$-
43
43
-
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
51
48
3
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.6
3.3
-
-
98%
98%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUN/JUN COMPARISON
16%
2%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
11%
2%
0%
0%
AVERAGE SOLD PRICE
16%
3%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
11%
3%
0%
0%
TOTAL CONDOS SOLD
-5%
-14%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-18%
-17%
-33%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-14%
-3%
0%
0%
0%
1%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR - JUN 2015
$678,782
$653,526
$931,333
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$464.97
$465.85
$459.24
$-
AVERAGE SOLD PRICE
$721,782
$681,794
$1,121,667
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$493.10
$483.91
$553.09
$-
TOTAL SFH SOLD
33
30
3
-
TOTAL SFH FOR SALE AT END OF PERIOD
17
14
3
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.5
1.4
3.0
-
106%
104%
120%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR - JUN 2014
ALL
< $1M
$1M - $3M
> $3M
$612,385
$602,831
$985,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$473.27
$485.01
$301.68
$-
AVERAGE SOLD PRICE
$637,145
$627,072
$1,030,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$492.88
$505.02
$315.47
$-
TOTAL SFH SOLD
40
39
1
-
TOTAL SFH FOR SALE AT END OF PERIOD
23
21
2
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.7
1.6
6.0
-
104%
104%
105%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUN/JUN COMPARISON AVERAGE LIST PRICE
11%
8%
-5%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
-2%
-4%
52%
0%
AVERAGE SOLD PRICE
13%
9%
9%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
0%
-4%
75%
0%
TOTAL SFH SOLD
-18%
-23%
200%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-26%
-33%
50%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-10%
-13%
-50%
0%
2%
0%
15%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
44
MOUNT WASHINGTON
CONDOMINIUM SALES JUNE MARKET OVERVIEW
In Mount Washington there were 16 single family home sales in June 2015, up from 10 in June 2014 and a 78% increase from the 9 sales closed last month. The average list price for single family home sales in June 2015 was $665,562 compared to $594,300 for June 2014, representing a 12% increase. For the three-month period from April to June 2015, the average list price was 11% higher than the same period of the prior year. Average sales price for June 2015 was $698,332, compared to that of April through June 2015, which was $721,782. These results indicate that the sale price is trending down. Comparing June 2015 to May 2015, Mount Washington saw a 1% increase in average sale price, and a 11% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
APR - JUN 2015
$-
$-
$-
> $3M $-
AVERAGE LIST PRICE PER SQUARE FOOT
$-
$-
$-
$-
AVERAGE SOLD PRICE
$-
$-
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$-
$-
$-
$-
TOTAL CONDOS SOLD
-
-
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-
-
-
-
0%
0%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
CONDOS APR - JUN 2014 AVERAGE LIST PRICE
$-
$-
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$-
$-
$-
$-
AVERAGE SOLD PRICE
$-
$-
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$-
$-
$-
$-
-
-
-
-
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
0%
0%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUN/JUN 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) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$3,395,856
$-
$2,007,988
$5,400,556
$1,026.25
$-
$901.42
$1,105.72
$3,400,343
$-
$2,028,099
$5,382,473 $1,101.92
$1,027.72
$-
$911.17
TOTAL SFH SOLD
110
-
65
45
TOTAL SFH FOR SALE AT END OF PERIOD
80
-
31
49
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.2
-
1.4
3.3
100%
0%
101%
100%
ALL
< $1M
$1M - $3M
> $3M
$3,162,706
$875,000
$1,997,321
$4,694,974
SFH APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$906.70
$-
$836.43
$949.16
$3,119,698
$825,000
$2,014,531
$4,576,087
$894.66
$-
$842.25
$926.34
TOTAL SFH SOLD
87
1
48
38
TOTAL SFH FOR SALE AT END OF PERIOD
68
-
31
37
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.3
-
1.9
2.9
99%
94%
101%
97%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
7%
-100%
1%
15%
AVERAGE LIST PRICE PER SQUARE FOOT
13%
0%
8%
16%
AVERAGE SOLD PRICE
9%
-100%
1%
18%
AVERAGE SOLD PRICE PER SQUARE FOOT
15%
0%
8%
19%
TOTAL SFH SOLD
26%
-100%
35%
18%
TOTAL SFH FOR SALE AT END OF PERIOD
18%
0%
0%
32%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-7%
0%
-26%
12%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2%
-100%
0%
2%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUN/JUN COMPARISON
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
46
PACIFIC PALISADES
CONDOMINIUM SALES JUNE MARKET OVERVIEW
In Pacific Palisades there were 32 single family home sales in June 2015, down from 34 in June 2014 and a 16% decrease from the 38 sales closed last month. The average list price for single family home sales in June 2015 was $3,083,938 compared to $2,924,188 for June 2014, representing a 5% increase. For the three-month period from April to June 2015, the average list price was 7% higher than the same period of the prior year. Average sales price for June 2015 was $3,127,281, compared to that of April through June 2015, which was $3,400,343. These results indicate that the sale price is trending down. Comparing June 2015 to May 2015, Pacific Palisades saw a 16% decrease in average sale price, but a 8% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,111,417
$849,750
$1,242,250
$-
$566.74
$510.82
$588.78
$-
$1,113,667
$803,750
$1,268,625
$-
$567.88
$483.17
$601.28
$-
TOTAL CONDOS SOLD
12
4
8
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
18
14
4
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
4.5
10.5
1.5
-
100%
95%
102%
0%
ALL
< $1M
$1M - $3M
> $3M
$819,837
$704,798
$1,308,750
$-
$501.17
$463.27
$616.61
$-
$820,770
$703,157
$1,320,625
$-
$501.74
$462.19
$622.20
$-
21
17
4
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
18
13
5
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.6
2.3
3.8
-
100%
100%
101%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUN/JUN COMPARISON
36%
21%
-5%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
13%
10%
-5%
0%
AVERAGE SOLD PRICE
36%
14%
-4%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
13%
5%
-3%
0%
TOTAL CONDOS SOLD
-43%
-76%
100%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
0%
8%
-20%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
75%
358%
-60%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
-5%
1%
0%
(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) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,235,438
$873,651
$1,426,380
$-
$706.05
$701.42
$707.52
$-
$1,257,980
$907,191
$1,443,118
$$-
$718.75
$728.00
$715.82
TOTAL SFH SOLD
110
38
72
-
TOTAL SFH FOR SALE AT END OF PERIOD
33
6
26
1
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0.9
0.5
1.1
-
102%
104%
101%
0%
SFH APR - JUN 2014
ALL
< $1M
$1M - $3M
> $3M
$1,099,173
$787,830
$1,440,167
$-
$647.46
$650.21
$645.77
$-
$1,122,479
$807,735
$1,467,198
$-
$662.08
$666.32
$659.48
$-
TOTAL SFH SOLD
88
46
42
-
TOTAL SFH FOR SALE AT END OF PERIOD
49
12
37
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.7
0.8
2.6
-
102%
103%
102%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
12%
11%
-1%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
9%
8%
10%
0%
AVERAGE SOLD PRICE
12%
12%
-2%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
9%
9%
9%
0%
25%
-17%
71%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-33%
-50%
-30%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-46%
-39%
-59%
0%
0%
1%
-1%
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 JUN/JUN COMPARISON
TOTAL SFH SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
48
PALMS - MAR VISTA
CONDOMINIUM SALES JUNE MARKET OVERVIEW
In Palms - Mar Vista there were 39 single family home sales in June 2015, up from 29 in June 2014 and a 5% increase from the 37 sales closed last month. The average list price for single family home sales in June 2015 was $1,164,436 almost matching $1,162,569 for June 2014. For the three-month period from April to June 2015, the average list price was 12% higher than the same period of the prior year. Average sales price for June 2015 was $1,193,458, compared to that of April through June 2015, which was $1,257,980. These results indicate that the sale price is trending down. Comparing June 2015 to May 2015, Palms Mar Vista saw a 6% decrease in average sale price, but was flat compared to same month of the prior year.
CONDOMINIUMS (CONDOS) APR - JUN 2015
ALL
< $1M
$1M - $3M
> $3M
$483,997
$483,997
$-
$-
$511.82
$511.82
$-
$-
$489,044
$489,044
$-
$-
$518.11
$518.11
$-
$-
34
34
-
-
8
8
-
-
0.7
0.7
-
-
101%
101%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$504,702
$481,796
$1,169,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$434.04
$425.33
$574.73
$-
AVERAGE SOLD PRICE
$501,736
$481,106
$1,100,000
$-
$431.49
$424.72
$540.81
$-
30
29
1
-
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
CONDOS APR - JUN 2014
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
23
23
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.3
2.4
-
-
99%
100%
94%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUN/JUN COMPARISON
-4%
0%
-100%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
18%
20%
-100%
0%
AVERAGE SOLD PRICE
-3%
2%
-100%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
20%
22%
-100%
0%
TOTAL CONDOS SOLD
13%
17%
-100%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-65%
-65%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-69%
-70%
0%
0%
2%
1%
-100%
0%
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) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,323,667
$-
$2,043,400
$3,725,000
$551.52
$-
$532.72
$610.66
$2,272,500
$-
$1,997,000
$3,650,000
$539.38
$-
$520.62
$598.36
TOTAL SFH SOLD
6
-
5
1
TOTAL SFH FOR SALE AT END OF PERIOD
8
1
6
1
4.0
-
3.6
3.0
98%
0%
98%
98%
ALL
< $1M
$1M - $3M
> $3M
$1,608,071
$928,400
$1,552,625
$5,450,000
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
$528.50
$549.61
$532.95
$502.49
$1,566,214
$928,800
$1,522,875
$5,100,000
$514.74
$549.85
$522.74
$470.22
TOTAL SFH SOLD
14
5
8
1
TOTAL SFH FOR SALE AT END OF PERIOD
14
2
10
2
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.0
1.2
3.8
6.0
97%
100%
98%
94%
ALL
< $1M
$1M - $3M
> $3M
45%
-100%
32%
-32%
4%
-100%
0%
22%
45%
-100%
31%
-28%
SFH JUN/JUN COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
5%
-100%
0%
27%
TOTAL SFH SOLD
-57%
-100%
-38%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-43%
-50%
-40%
-50%
AVERAGE MONTHLY SUPPLY OF INVENTORY
33%
-100%
-4%
-50%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
-100%
0%
5%
AVERAGE SOLD PRICE PER SQUARE FOOT
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
50
PLAYA DEL REY
CONDOMINIUM SALES JUNE MARKET OVERVIEW
In Playa Del Rey there were 12 condominium sales in June 2015, down from 16 in June 2014 and a 14% decrease from the 14 sales closed last month. The average list price for condo sales in June 2015 was $616,533 compared to $526,938 for June 2014, representing a 17% increase. For the three-month period from April to June 2015, the average list price was 2% lower than the same period of the prior year. Average sales price for June 2015 was $620,792, compared to that of April through June 2015, which was $515,977. These results indicate that the sale price is trending up. Comparing June 2015 to May 2015, Playa Del Rey saw a 30% increase in average sale price, and a 17% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR - JUN 2015
$510,111
$494,184
$1,195,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$505.62
$493.82
$879.32
$-
AVERAGE SOLD PRICE
$515,977
$501,581
$1,135,000
$-
$511.43
$501.21
$835.17
$-
TOTAL CONDOS SOLD
44
43
1
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
15
13
2
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.0
0.9
6.0
-
101%
101%
95%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$517,981
$496,536
$1,290,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$436.61
$425.60
$680.38
$-
AVERAGE SOLD PRICE
$513,554
$488,236
$1,425,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$432.88
$418.49
$751.58
$-
37
36
1
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS APR - JUN 2014
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
28
26
2
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.3
2.2
6.0
-
99%
98%
110%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUN/JUN COMPARISON
-2%
0%
-7%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
16%
16%
29%
0%
AVERAGE SOLD PRICE
0%
3%
-20%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
18%
20%
11%
0%
TOTAL CONDOS SOLD
19%
19%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-46%
-50%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-55%
-58%
0%
0%
2%
3%
-14%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,864,250
$-
$1,864,250
$-
$510.72
$-
$510.72
$-
$1,851,625
$-
$1,851,625
$-
$507.26
$-
$507.26
$-
TOTAL SFH SOLD
4
-
4
-
TOTAL SFH FOR SALE AT END OF PERIOD
6
-
6
-
4.5
-
4.5
-
99%
0%
99%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR - JUN 2014
ALL
< $1M
$1M - $3M
> $3M
$1,175,667
$-
$1,175,667
$-
$454.77
$-
$454.77
$-
$1,171,167
$-
$1,171,167
$-
$453.03
$-
$453.03
$-
TOTAL SFH SOLD
6
-
6
-
TOTAL SFH FOR SALE AT END OF PERIOD
4
-
4
-
2.0
-
2.0
-
100%
0%
100%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
59%
0%
59%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
12%
0%
12%
0%
AVERAGE SOLD PRICE
58%
0%
58%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
12%
0%
12%
0%
TOTAL SFH SOLD
-33%
0%
-33%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
50%
0%
50%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
125%
0%
125%
0%
0%
0%
0%
0%
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUN/JUN COMPARISON
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
52
PLAYA VISTA
CONDOMINIUM SALES JUNE MARKET OVERVIEW
In Playa Vista there were 13 condominium sales in June 2015, up from 9 in June 2014 and a 30% increase from the 10 sales closed last month. The average list price for condo sales in June 2015 was $740,769 almost matching $737,222 for June 2014. For the three-month period from April to June 2015, the average list price was 15% higher than the same period of the prior year. Average sales price for June 2015 was $756,192, compared to that of April through June 2015, which was $813,167. These results indicate that the sale price is trending down. Comparing June 2015 to May 2015, Playa Vista saw a 21% decrease in average sale price, but a 4% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) APR - JUN 2015
ALL
< $1M
$1M - $3M
> $3M
$809,475
$754,297
$1,747,500
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$523.21
$507.78
$673.28
$-
AVERAGE SOLD PRICE
$813,167
$763,059
$1,665,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$525.59
$513.68
$641.49
$-
36
34
2
-
3
2
1
-
0.3
0.2
1.5
-
100%
101%
95%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS APR - JUN 2014
$706,664
$706,664
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$458.52
$458.52
$-
$-
AVERAGE SOLD PRICE
$708,781
$708,781
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$459.89
$459.89
$-
$-
30
30
-
-
AVERAGE LIST PRICE
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
21
20
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.1
2.0
-
-
100%
100%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUN/JUN COMPARISON
15%
7%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
14%
11%
0%
0%
AVERAGE SOLD PRICE
15%
8%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
14%
12%
0%
0%
TOTAL CONDOS SOLD
20%
13%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-86%
-90%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-88%
-91%
0%
0%
0%
1%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,468,701
$825,000
$1,809,600
$4,273,190
$1,083.31
$719.90
$993.30
$1,203.01
$2,531,344
$906,000
$1,859,442
$4,368,487 $1,227.02
$1,111.41
$790.58
$1,024.09
TOTAL SFH SOLD
77
1
55
21
TOTAL SFH FOR SALE AT END OF PERIOD
38
1
10
27
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
1.5
3.0
0.5
3.9
103%
110%
103%
102%
ALL
< $1M
$1M - $3M
> $3M
$2,408,498
$952,150
$1,693,512
$4,646,882
SFH APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$938.46
$870.47
$885.13
$1,002.37
$2,436,794
$909,000
$1,782,915
$4,553,018 $993.39
$955.96
$831.02
$931.86
TOTAL SFH SOLD
64
6
41
17
TOTAL SFH FOR SALE AT END OF PERIOD
57
2
31
24
AVERAGE SOLD PRICE PER SQUARE FOOT
2.7
1.0
2.3
4.2
101%
95%
105%
98%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
2%
-13%
7%
-8%
AVERAGE LIST PRICE PER SQUARE FOOT
15%
-17%
12%
20%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUN/JUN COMPARISON
AVERAGE SOLD PRICE
4%
0%
4%
-4%
AVERAGE SOLD PRICE PER SQUARE FOOT
16%
-5%
10%
24%
TOTAL SFH SOLD
20%
-83%
34%
24%
TOTAL SFH FOR SALE AT END OF PERIOD
-33%
-50%
-68%
13%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-45%
200%
-76%
-9%
1%
15%
-2%
4%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
54
SANTA MONICA
CONDOMINIUM SALES JUNE MARKET OVERVIEW
In Santa Monica there were 56 condominium sales in June 2015, down from 59 in June 2014 and a 17% increase from the 48 sales closed last month. The average list price for condo sales in June 2015 was $1,103,098 compared to $1,398,724 for June 2014, representing a 21% decrease. For the three-month period from April to June 2015, the average list price was 6% higher than the same period of the prior year. Average sales price for June 2015 was $1,112,355, compared to that of April through June 2015, which was $1,232,263. These results indicate that the sale price is trending down. Comparing June 2015 to May 2015, Santa Monica saw a 12% decrease in average sale price, and a 20% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,218,385
$729,794
$1,506,506
$4,083,667
$872.57
$673.51
$928.51
$1,918.11
$1,232,263
$742,514
$1,521,873
$4,083,667
$882.33
$685.25
$937.69
$1,918.11
TOTAL CONDOS SOLD
143
63
77
3
TOTAL CONDOS FOR SALE AT END OF PERIOD
95
32
56
7
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.0
1.5
2.2
7.0
101%
102%
101%
100%
ALL
< $1M
$1M - $3M
> $3M
$1,152,467
$703,789
$1,510,655
$4,677,800
$826.20
$602.41
$927.17
$1,692.04
$1,156,977
$719,284
$1,522,374
$4,433,000
$830.64
$618.48
$934.37
$1,603.49
136
80
51
5
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
87
31
48
8
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.9
1.2
2.8
4.8
100%
102%
101%
95%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUN/JUN COMPARISON
6%
4%
0%
-13%
AVERAGE LIST PRICE PER SQUARE FOOT
6%
12%
0%
13%
AVERAGE SOLD PRICE
7%
3%
0%
-8%
AVERAGE SOLD PRICE PER SQUARE FOOT
6%
11%
0%
20%
TOTAL CONDOS SOLD
5%
-21%
51%
-40%
TOTAL CONDOS FOR SALE AT END OF PERIOD
9%
3%
17%
-13%
AVERAGE MONTHLY SUPPLY OF INVENTORY
4%
31%
-23%
46%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
1%
0%
0%
6%
(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) APR - JUN 2015 AVERAGE LIST PRICE
ALL
< $1M
$1M - $3M
> $3M
$860,539
$659,674
$1,330,429
$4,250,000
$581.31
$566.02
$609.40
$585.72
AVERAGE SOLD PRICE
$877,289
$671,013
$1,355,943
$4,439,776
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE LIST PRICE PER SQUARE FOOT
$594.63
$575.75
$627.20
$611.88
TOTAL SFH SOLD
88
66
21
1
TOTAL SFH FOR SALE AT END OF PERIOD
55
46
9
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.9
2.1
1.3
-
102%
102%
102%
104%
ALL
< $1M
$1M - $3M
> $3M
$884,040
$675,542
$1,272,111
$3,750,000
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$510.63
$488.14
$518.29
$830.56
$928,150
$693,029
$1,390,218
$3,500,000
$536.43
$501.35
$566.67
$775.19
TOTAL SFH SOLD
92
64
27
1
TOTAL SFH FOR SALE AT END OF PERIOD
57
42
15
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.9
2.0
1.7
-
105%
103%
109%
93%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUN/JUN COMPARISON AVERAGE LIST PRICE
-3%
-2%
5%
13%
AVERAGE LIST PRICE PER SQUARE FOOT
14%
16%
18%
-29%
AVERAGE SOLD PRICE
-5%
-3%
-2%
27%
AVERAGE SOLD PRICE PER SQUARE FOOT
11%
15%
11%
-21%
TOTAL SFH SOLD
-4%
3%
-22%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-4%
10%
-40%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
1%
6%
-23%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-3%
-1%
-7%
12% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
56
SILVERLAKE - ECHO PARK
CONDOMINIUM SALES JUNE MARKET OVERVIEW
In Silver Lake - Echo Park there were 20 single family home sales in June 2015, down from 28 in June 2014 and a 38% decrease from the 32 sales closed last month. The average list price for single family home sales in June 2015 was $816,210 compared to $864,389 for June 2014, representing a 6% decrease. For the three-month period from April to June 2015, the average list price was 3% lower than the same period of the prior year. Average sales price for June 2015 was $845,636, compared to that of April through June 2015, which was $877,289. These results indicate that the sale price is trending down. Comparing June 2015 to May 2015, Silver Lake - Echo Park saw a 1% increase in average sale price, but a 6% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$708,800
$691,965
$995,000
$-
$474.72
$475.79
$462.79
$-
$712,250
$692,971
$1,040,000
$-
$476.91
$476.30
$483.72
$-
TOTAL CONDOS SOLD
18
17
1
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
5
5
-
-
0.8
0.9
-
-
100%
100%
105%
0%
ALL
< $1M
$1M - $3M
> $3M
$480,653
$480,653
$-
$-
$418.73
$418.73
$-
$-
$479,237
$479,237
$-
$-
$417.49
$417.49
$-
$-
19
19
-
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3
3
-
0.5
0.5
-
-
100%
100%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUN/JUN COMPARISON
47%
44%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
13%
14%
0%
0%
AVERAGE SOLD PRICE
49%
45%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
14%
14%
0%
0%
TOTAL CONDOS SOLD
-5%
-11%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
67%
67%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
76%
86%
0%
0%
1%
0%
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) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,468,299
$839,273
$1,784,495
$7,692,320
$896.11
$617.05
$747.68
$1,488.79
$2,381,660
$827,970
$1,776,797
$7,132,233
$864.75
$609.99
$744.62
$1,355.96
TOTAL SFH SOLD
141
23
98
20
TOTAL SFH FOR SALE AT END OF PERIOD
206
27
92
87
AVERAGE MONTHLY SUPPLY OF INVENTORY
4.4
3.5
2.8
13.1
96%
99%
100%
93%
ALL
< $1M
$1M - $3M
> $3M
$2,349,231
$807,605
$1,793,886
$6,197,883
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$807.40
$650.03
$682.91
$1,187.14
$2,233,017
$792,423
$1,777,252
$5,576,701
$676.80
$1,116.38
$784.44
$637.81
TOTAL SFH SOLD
109
19
72
18
TOTAL SFH FOR SALE AT END OF PERIOD
190
19
108
63
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
5.2
3.0
4.5
10.5
95%
98%
99%
90%
ALL
< $1M
$1M - $3M
> $3M
SFH JUN/JUN COMPARISON AVERAGE LIST PRICE
5%
4%
-1%
24%
AVERAGE LIST PRICE PER SQUARE FOOT
11%
-5%
9%
25%
AVERAGE SOLD PRICE
7%
4%
0%
28%
AVERAGE SOLD PRICE PER SQUARE FOOT
10%
-4%
10%
21%
TOTAL SFH SOLD
29%
21%
36%
11%
TOTAL SFH FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
8%
42%
-15%
38%
-16%
17%
-37%
24%
2%
1%
1%
3% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
58
CONDOMINIUM SALES
SUNSET STRIP - HOLLYWOOD HILLS
JUNE MARKET OVERVIEW In Sunset Strip - Hollywood Hills West there were 57 single family home sales in June 2015, up from 39 in June 2014 and a 24% increase from the 46 sales closed last month. The average list price for single family home sales in June 2015 was $2,745,333 compared to $2,184,623 for June 2014, representing a 26% increase. For the three-month period from April to June 2015, the average list price was 5% higher than the same period of the prior year. Average sales price for June 2015 was $2,617,688, compared to that of April through June 2015, which was $2,381,660. These results indicate that the sale price is trending up. Comparing June 2015 to May 2015, Sunset Strip - Hollywood Hills West saw a 6% increase in average sale price, and a 25% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$528,820
$528,820
$-
$-
$486.30
$486.30
$-
$-
$520,805
$520,805
$-
$$-
$478.93
$478.93
$-
TOTAL CONDOS SOLD
27
27
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
22
17
4
1
AVERAGE SOLD PRICE PER SQUARE FOOT
2.4
1.9
-
-
98%
98%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
$708,458
$482,731
$2,412,500
$3,395,000
$611.34
$438.74
$1,640.04
$1,603.68
AVERAGE SOLD PRICE
$697,677
$474,826
$2,305,000
$3,500,000
AVERAGE SOLD PRICE PER SQUARE FOOT
$602.03
$431.56
$1,566.96
$1,653.28
30
27
2
1 -
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
30
28
2
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.0
3.1
3.0
-
98%
98%
96%
103%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUN/JUN COMPARISON
-25%
10%
-100%
-100%
AVERAGE LIST PRICE PER SQUARE FOOT
-20%
11%
-100%
-100% -100%
AVERAGE SOLD PRICE
-25%
10%
-100%
AVERAGE SOLD PRICE PER SQUARE FOOT
-20%
11%
-100%
-100%
TOTAL CONDOS SOLD
-10%
0%
-100%
-100%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-27%
-39%
100%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-19%
-39%
-100%
0%
0%
0%
-100%
-100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
59
TOPANGA
SINGLE FAMILY HOME SALES Located in the Santa Monica Mountains, Topanga is bound on three sides by state park or conservancy lands and on the south by a strip of Malibu and the Pacific Ocean. Located to the east is Pacific Palisades. In Topanga, the area is primarily zoned for commercial usage and home to many established businesses. There is one small street off the Pacific Coast Highway that is lined with single family homes. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,060,738
$723,656
$1,307,325
$3,495,000
$530.87
$412.38
$640.61
$649.75
$1,040,786
$700,589
$1,312,365
$3,225,000 $599.55
$520.89
$399.24
$643.08
TOTAL SFH SOLD
29
16
12
1
TOTAL SFH FOR SALE AT END OF PERIOD
58
23
31
4
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
6.0
4.3
7.8
12.0
98%
97%
100%
92%
ALL
< $1M
$1M - $3M
> $3M
$1,203,743
$816,000
$1,577,750
$2,199,000
SFH APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
$563.69
$535.53
$587.86
$502.86
$1,218,762
$780,148
$1,583,688
$3,275,000
$570.72
$512.00
$590.07
$748.91
35
18
16
1
TOTAL SFH FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
101%
96%
100%
149%
ALL
< $1M
$1M - $3M
> $3M
TOTAL SFH SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUN/JUN COMPARISON AVERAGE LIST PRICE
-12%
-11%
-17%
59%
AVERAGE LIST PRICE PER SQUARE FOOT
-6%
-23%
9%
29%
AVERAGE SOLD PRICE
-15%
-10%
-17%
-2%
AVERAGE SOLD PRICE PER SQUARE FOOT
-9%
-22%
9%
-20%
TOTAL SFH SOLD
-17%
-11%
-25%
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
-3%
1%
0%
-38% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
60
TOPANGA
CONDOMINIUM SALES JUNE MARKET OVERVIEW
In Topanga there were 11 single family home sales in June 2015, down from 14 in June 2014 and a 83% increase from the 6 sales closed last month. The average list price for single family home sales in June 2015 was $1,017,727 compared to $1,283,071 for June 2014, representing a 21% decrease. For the three-month period from April to June 2015, the average list price was 12% lower than the same period of the prior year. Average sales price for June 2015 was $979,727, compared to that of April through June 2015, which was $1,040,786. These results indicate that the sale price is trending down. Comparing June 2015 to May 2015, Topanga saw a 21% decrease in average sale price, and a 23% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$251,150
$251,150
$-
$-
$179.78
$179.78
$-
$-
$239,855
$239,855
$-
$-
$171.69
$171.69
$-
$-
TOTAL CONDOS SOLD
2
2
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
96%
96%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
$245,000
$245,000
$-
$-
$182.29
$182.29
$-
$-
$295,000
$295,000
$-
$-
$219.49
$219.49
$-
$-
1
1
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
120%
120%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
3%
3%
0%
0%
-1%
-1%
0%
0%
-19%
-19%
0%
0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JUN/JUN COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
-22%
-22%
0%
TOTAL CONDOS SOLD
100%
100%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
0%
0%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
0%
0%
0%
0%
-21%
-21%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
61
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) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,111,142
$-
$1,861,379
$3,703,375
$1,012.73
$-
$986.94
$1,102.40
$2,106,775
$-
$1,878,524
$3,561,875 $1,060.28
$1,012.62
$-
$998.92
TOTAL SFH SOLD
59
-
51
8
TOTAL SFH FOR SALE AT END OF PERIOD
46
1
35
10
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.3
-
2.1
3.8
100%
0%
101%
96%
ALL
< $1M
$1M - $3M
> $3M
$1,862,870
$903,800
$1,699,032
$6,465,000
SFH APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
$912.58
$973.50
$903.28
$943.98
$1,841,677
$891,600
$1,688,957
$6,225,000
$901.69
$960.36
$897.46
$908.94
TOTAL SFH SOLD
63
5
55
3
TOTAL SFH FOR SALE AT END OF PERIOD
35
2
29
4
1.7
1.2
1.6
4.0
99%
99%
99%
96%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
13%
-100%
10%
-43%
AVERAGE LIST PRICE PER SQUARE FOOT
11%
-100%
9%
17%
AVERAGE SOLD PRICE
14%
-100%
11%
-43%
AVERAGE SOLD PRICE PER SQUARE FOOT
12%
-100%
11%
17%
TOTAL SFH SOLD
-6%
-100%
-7%
167%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUN/JUN COMPARISON
TOTAL SFH FOR SALE AT END OF PERIOD
31%
-50%
21%
150%
AVERAGE MONTHLY SUPPLY OF INVENTORY
40%
-100%
30%
-6%
1%
-100%
2%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
62
VENICE
CONDOMINIUM SALES JUNE MARKET OVERVIEW
In Venice there were 22 single family home sales in June 2015, down from 27 in June 2014 and a 38% increase from the 16 sales closed last month. The average list price for single family home sales in June 2015 was $1,938,839 compared to $1,651,292 for June 2014, representing a 17% increase. For the three-month period from April to June 2015, the average list price was 13% higher than the same period of the prior year. Average sales price for June 2015 was $1,955,485, compared to that of April through June 2015, which was $2,106,775. These results indicate that the sale price is trending down. Comparing June 2015 to May 2015, Venice saw a 11% decrease in average sale price, but a 19% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,359,600
$745,333
$1,622,857
$-
$701.48
$724.80
$697.06
$-
$1,378,400
$824,000
$1,616,000
$-
$711.18
$801.30
$694.12
$-
TOTAL CONDOS SOLD
10
3
7
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
14
2
12
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
4.2
2.0
5.1
-
101%
111%
100%
0%
ALL
< $1M
$1M - $3M
> $3M
$1,143,564
$722,000
$1,312,190
$-
$820.73
$703.88
$851.85
$-
$1,158,344
$740,254
$1,325,580
$-
$831.33
$721.67
$860.54
$-
14
4
10
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
18
9
9
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.9
6.8
2.7
-
101%
103%
101%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUN/JUN COMPARISON
19%
3%
24%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
-15%
3%
-18%
0%
AVERAGE SOLD PRICE
19%
11%
22%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
-14%
11%
-19%
0%
TOTAL CONDOS SOLD
-29%
-25%
-30%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-22%
-78%
33%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
9%
-70%
90%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
8%
-1%
0%
(Source: MLS/CLAW)
63
WEST HOLLYWOOD
SINGLE FAMILY HOME SALES West Hollywood is a thriving, diverse community on the leading edge of culture, entertainment, and design - and is home to the internationally reknown Pacific Design Center. Minutes away is the Hollywood Bowl, The Greek Theatre, and The Getty Center. The uniquely compact city boasts the Sunset Strip, Santa Monica Boulevard, Robertson, and Melrose; truly Los Angeles’ Mecca for fashion, fine dining, unparalleled nightlife, and the worldrenowned entertainment industry. Incorporated in 1984, West Hollywood has been instrumental since its start in achieving cultural, environmental, and political breakthroughs. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,743,281
$867,417
$1,728,175
$3,636,000
$877.18
$765.48
$924.45
$718.08
$1,728,527
$885,000
$1,714,375
$3,547,667
$871.38
$781.00
$917.51
$703.02
TOTAL SFH SOLD
37
6
28
3
TOTAL SFH FOR SALE AT END OF PERIOD
25
4
19
2
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.0
2.0
2.0
2.0
99%
102%
99%
98%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR - JUN 2014
ALL
< $1M
$1M - $3M
> $3M
$1,441,340
$845,625
$1,617,848
$-
$799.42
$724.20
$813.48
$-
$1,428,558
$834,062
$1,604,705
$-
$792.25
$709.03
$807.81
$-
TOTAL SFH SOLD
35
8
27
-
TOTAL SFH FOR SALE AT END OF PERIOD
27
4
20
3
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.3
1.5
2.2
-
99%
99%
99%
0%
ALL
< $1M
$1M - $3M
> $3M
SFH JUN/JUN COMPARISON AVERAGE LIST PRICE
21%
3%
7%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
10%
6%
14%
0%
AVERAGE SOLD PRICE
21%
6%
7%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
10%
10%
14%
0%
TOTAL SFH SOLD
6%
-25%
4%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-7%
0%
-5%
-33%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-12%
33%
-8%
0%
0%
3%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
64
WEST HOLLYWOOD
CONDOMINIUM SALES JUNE MARKET OVERVIEW
In West Hollywood Vicinity there were 48 condominium sales in June 2015, up from 31 in June 2014 and a 17% increase from the 41 sales closed last month. The average list price for condo sales in June 2015 was $666,025 compared to $702,481 for June 2014, representing a 5% decrease. For the three-month period from April to June 2015, the average list price was 2% higher than the same period of the prior year. Average sales price for June 2015 was $658,536, compared to that of April through June 2015, which was $688,860. These results indicate that the sale price is trending down. Comparing June 2015 to May 2015, West Hollywood Vicinity saw a 12% 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
APR - JUN 2015
$698,651
$614,183
$1,258,253
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$604.81
$579.17
$701.29
$-
$688,860
$612,411
$1,195,336
$$-
AVERAGE SOLD PRICE
$595.94
$577.27
$666.23
TOTAL CONDOS SOLD
122
106
16
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
73
45
26
2
AVERAGE SOLD PRICE PER SQUARE FOOT
1.8
1.3
4.9
-
99%
100%
95%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$687,511
$602,657
$1,323,917
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$564.44
$528.14
$730.07
$-
$684,543
$603,574
$1,291,813
$-
$562.25
$529.36
$712.36
$-
102
90
12
-
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS APR - JUN 2014
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
81
65
16
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.4
2.2
4.0
-
100%
100%
98%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUN/JUN COMPARISON
2%
2%
-5%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
7%
10%
-4%
0%
AVERAGE SOLD PRICE
1%
1%
-7%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
6%
9%
-6%
0%
TOTAL CONDOS SOLD
20%
18%
33%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-10%
-31%
63%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-25%
-41%
22%
0%
-1%
0%
-3%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
65
WEST LOS ANGELES
SINGLE FAMILY HOME SALES Surrounded by Santa Monica, Beverly Hills, the ocean and the Santa Monica Mountains is the city of West Los Angeles, known for its 1920s, mid-century and contemporary architecture. With its rolling hills and proximity to the ocean, West Los Angeles was originally developed as an upscale community and is still considered one of the most desirable areas to live in Los Angeles today. With its central location between Los Angeles and the ocean, West Los Angeles has attracted a diverse range of commercial development to add to its 1920s through mid-century and contemporary architecture. The area is home to some of the world’s finest shopping. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$994,691
$837,541
$1,308,991
$-
$626.91
$676.16
$573.46
$-
$993,322
$851,831
$1,276,304
$-
$626.04
$687.69
$559.14
$-
TOTAL SFH SOLD
33
22
11
-
TOTAL SFH FOR SALE AT END OF PERIOD
11
3
8
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.0
0.4
2.2
-
100%
102%
98%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR - JUN 2014
$915,574
$773,879
$1,224,727
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$563.79
$581.05
$542.57
$-
AVERAGE SOLD PRICE
$931,341
$787,010
$1,246,245
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$573.47
$590.85
$552.10
$-
TOTAL SFH SOLD
35
24
11
-
TOTAL SFH FOR SALE AT END OF PERIOD
21
16
5
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.8
2.0
1.4
-
102%
102%
102%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUN/JUN COMPARISON AVERAGE LIST PRICE
9%
8%
7%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
11%
16%
6%
0%
AVERAGE SOLD PRICE
7%
8%
2%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
9%
16%
1%
0%
TOTAL SFH SOLD
-6%
-8%
0%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-48%
-81%
60%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-44%
-80%
60%
0%
-2%
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 | TOPANGA | sothebyshomes.com/losangeles
66
WEST LOS ANGELES
CONDOMINIUM SALES JUNE MARKET OVERVIEW
In West Los Angeles there were 27 condominium sales in June 2015, up from 15 in June 2014 and a 93% increase from the 14 sales closed last month. The average list price for condo sales in June 2015 was $762,103 compared to $676,327 for June 2014, representing a 13% increase. For the three-month period from April to June 2015, the average list price was 12% higher than the same period of the prior year. Average sales price for June 2015 was $776,556, compared to that of April through June 2015, which was $728,011. These results indicate that the sale price is trending up. Comparing June 2015 to May 2015, West Los Angeles saw a 14% increase in average sale price, and a 14% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR - JUN 2015
$717,025
$651,975
$1,335,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$496.31
$489.16
$532.44
$-
AVERAGE SOLD PRICE
$728,011
$666,890
$1,308,667
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$503.92
$500.35
$521.94
$-
TOTAL CONDOS SOLD
63
57
6
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
19
18
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
0.9
0.9
0.5
-
102%
102%
98%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$640,128
$640,128
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$485.36
$485.36
$-
$-
AVERAGE SOLD PRICE
$640,472
$640,472
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$485.62
$485.62
$-
$-
49
49
-
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS APR - JUN 2014
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
34
33
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.1
2.0
-
-
100%
100%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUN/JUN COMPARISON
12%
2%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
2%
1%
0%
0%
AVERAGE SOLD PRICE
14%
4%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
4%
3%
0%
0%
TOTAL CONDOS SOLD
29%
16%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-44%
-45%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-57%
-53%
0%
0%
1%
2%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
67
WESTCHESTER
SINGLE FAMILY HOME SALES Westchester is a neighborhood in the city of Los Angeles known for its secluded character and recent real estate growth. The main part of Westchester is flanked by Playa Vista and Culver City on the north, Inglewood and Lennox on the east, Del Aire and El Segundo on the south and Playa del Rey on the west. It includes all of the Los Angeles International Airport and is the home of Loyola Marymount University, the Otis College of Art and Design, and Westchester Enriched Sciences Magnet Schools. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) APR - JUN 2015
ALL
< $1M
$1M - $3M
> $3M
$1,040,581
$814,390
$1,328,975
$-
$552.75
$560.22
$547.17
$-
$1,063,969
$842,055
$1,346,910
$-
$565.28
$579.64
$554.55
$-
91
51
40
-
TOTAL SFH FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
102%
103%
101%
0%
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL SFH SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
ALL
< $1M
$1M - $3M
> $3M
$878,843
$771,801
$1,356,967
$-
$490.72
$507.11
$453.48
$-
$886,048
$777,104
$1,372,667
$-
$494.74
$510.59
$458.73
$-
82
67
15
-
TOTAL SFH FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
101%
101%
101%
0%
ALL
< $1M
$1M - $3M
> $3M
TOTAL SFH SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUN/JUN COMPARISON AVERAGE LIST PRICE
18%
6%
-2%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
13%
10%
21%
0%
AVERAGE SOLD PRICE
20%
8%
-2%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
14%
14%
21%
0%
TOTAL SFH SOLD
11%
-24%
167%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
0%
0%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
0%
0%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
1%
3%
0%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
68
WESTCHESTER
CONDOMINIUM SALES JUNE MARKET OVERVIEW
In Westchester there were 37 single family home sales in June 2015, up from 25 in June 2014 and a 48% increase from the 25 sales closed last month. The average list price for single family home sales in June 2015 was $1,093,943 compared to $812,160 for June 2014, representing a 35% increase. For the three-month period from April to June 2015, the average list price was 18% higher than the same period of the prior year. Average sales price for June 2015 was $1,120,227, compared to that of April through June 2015, which was $1,063,969. These results indicate that the sale price is trending up. Comparing June 2015 to May 2015, Westchester saw a 10% increase in average sale price, and a 36% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$500,750
$500,750
$-
$-
$381.09
$381.09
$-
$-
$506,063
$506,063
$-
$-
$385.13
$385.13
$-
$-
TOTAL CONDOS SOLD
16
16
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
4
4
-
-
0.8
0.8
-
-
101%
101%
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 APR - JUN 2014
$356,648
$356,648
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$346.57
$346.57
$-
$-
AVERAGE SOLD PRICE
$362,742
$362,742
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$352.49
$352.49
$-
$-
12
12
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
102%
102%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
40%
40%
0%
0%
AVERAGE LIST PRICE
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JUN/JUN COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
10%
10%
0%
0%
AVERAGE SOLD PRICE
40%
40%
0%
0% 0%
9%
9%
0%
TOTAL CONDOS SOLD
33%
33%
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%
AVERAGE SOLD PRICE PER SQUARE FOOT
(Source: MLS/CLAW)
69
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) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,090,700
$-
$1,648,303
$4,176,286
$765.67
$-
$713.40
$877.92
$2,117,800
$-
$1,690,632
$4,131,589 $868.53
$776.58
$-
$733.76
TOTAL SFH SOLD
40
-
33
7
TOTAL SFH FOR SALE AT END OF PERIOD
37
2
24
11
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.8
-
2.2
4.7
101%
0%
103%
99%
ALL
< $1M
$1M - $3M
> $3M
$1,903,068
$1,050,000
$1,631,447
$4,138,000
SFH APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$729.35
$754.85
$697.28
$840.78
$1,944,872
$990,000
$1,682,457
$4,130,200
$745.76
$711.72
$719.76
$839.20
TOTAL SFH SOLD
44
1
38
5
TOTAL SFH FOR SALE AT END OF PERIOD
33
1
25
7
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.3
3.0
2.0
4.2
102%
94%
103%
100%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
10%
-100%
1%
1%
AVERAGE LIST PRICE PER SQUARE FOOT
5%
-100%
2%
4%
AVERAGE SOLD PRICE
9%
-100%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
4%
-100%
2%
3%
TOTAL SFH SOLD
-9%
-100%
-13%
40%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUN/JUN COMPARISON
TOTAL SFH FOR SALE AT END OF PERIOD
12%
100%
-4%
57%
AVERAGE MONTHLY SUPPLY OF INVENTORY
23%
-100%
11%
12%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-1%
-100%
-1%
-1% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
70
WESTWOOD - CENTURY CITY
CONDOMINIUM SALES JUNE MARKET OVERVIEW
In Westwood - Century City there were 71 condominium sales in June 2015, up from 46 in June 2014 and a 78% increase from the 40 sales closed last month. The average list price for condo sales in June 2015 was $1,037,500 almost matching $1,058,354 for June 2014. For the three-month period from April to June 2015, the average list price was 3% lower than the same period of the prior year. Average sales price for June 2015 was $1,014,158, compared to that of April through June 2015, which was $1,062,183. These results indicate that the sale price is trending down. Comparing June 2015 to May 2015, Westwood - Century City was flat in average sale price, but a 1% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) APR - JUN 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,104,906
$701,733
$1,614,172
$4,204,909
$647.34
$505.98
$681.55
$1,216.73
$1,062,183
$696,074
$1,535,545
$3,845,455 $1,112.72
$623.59
$504.43
$647.52
TOTAL CONDOS SOLD
168
125
32
11
TOTAL CONDOS FOR SALE AT END OF PERIOD
182
87
68
27
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.3
2.1
6.4
7.4
96%
99%
95%
91%
ALL
< $1M
$1M - $3M
> $3M
$1,134,063
$660,435
$1,942,586
$4,753,571
$675.48
$489.44
$787.71
$1,455.34
$1,099,513
$654,697
$1,820,640
$4,657,143
CONDOS APR - JUN 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$654.90
$485.19
$738.27
$1,425.82
TOTAL CONDOS SOLD
139
103
29
7
TOTAL CONDOS FOR SALE AT END OF PERIOD
219
114
70
35
AVERAGE MONTHLY SUPPLY OF INVENTORY
4.7
3.3
7.2
15.0
97%
99%
94%
98%
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
JUN/JUN COMPARISON
-3%
6%
-17%
-12%
AVERAGE LIST PRICE PER SQUARE FOOT
-4%
3%
-13%
-16%
AVERAGE SOLD PRICE
-3%
6%
-16%
-17%
AVERAGE SOLD PRICE PER SQUARE FOOT
-5%
4%
-12%
-22%
TOTAL CONDOS SOLD
21%
21%
10%
57%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-17%
-24%
-3%
-23%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-31%
-37%
-12%
-51%
-1%
0%
2%
-7%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
71