Silver Lake, CA | web: 0286359
Greater Los Angeles Market Update Third 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.
AUCTION CALENDAR OCTOBER | NOVEMBER 2015 American Paintings, Drawings and Sculpture New York 02 Oct Modern and Contemporary Asian Art Evening Sale Hong Kong 04 Oct Photographs New York 07 Oct RM Sotheby’s: Hershey Hershey 08 – 09 Oct Property from a Distinguished Private Asian Collection New York 15 Oct Château Margaux 1900–2010 Direct From The Cellars: A Celebration of the Mentzelopoulos Era New York 17 Oct Collections: European Decorative Arts New York 17 Oct The Creative Genius of Sam Simon: A Lifetime of Memorabilia New York 22 Oct Impressionist & Modern Art Evening Sale New York 05 Nov Contemporary Art Evening Auction New York 11 Nov
American Art New York 18 Nov Latin America: Modern Art Latin America: Contemporary Art New York 19 – 20 Nov Prints & Multiples New York 23 – 24 Nov
We invite you to explore our real estate listings at 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
© 2015 Andy Warhol Foundation for the Visual Arts / Artists Rights Society (ARS), New York
Finest and Rarest Wines New York 14 Nov
ON THE MARKET
left to right from top to bottom:
METROPOLITAN MARKETS NEW YORK, NY | Web: 0019986 | $4,995,000 SAN FRANCISCO, CA | Web: 0087588 | $5,250,000 HOUSTON, TX | Web: 1250301 | $5,499,000 RESORT MARKETS CARMEL, CA | Web: 0474151 | $5,495,000 PALM BEACH, FL | Web: 0076501 | $4,950,000 MONTECITO, CA | Web: 0113874 | $5,000,000 FOREIGN MARKETS BELIZE | Web: ZJWCRR | $5,995,000 COSTA RICO | Web: 5HW2RZ | $5,900,000 SPAIN | Web: 3FV283 | $5,880,376 sothebysrealty.com
FEATURED LISTINGS IN LOS ANGELES
BEVERLY HILLS PO, CA Web ID: 0027312 | $7,750,000 Built in 1926, this Spanish Colonial was renovated without compromising its original elements. Beverly Hills Brokerage Heidi Lake | 310.430.1316
MALIBU, CA Web ID: 1300111 | $4,875,000 Contemporary statement home at Broad Beach; floor-to-ceiling windows overlooking the ocean. Malibu - Point Dume Brokerage Shen Schulz | 310.980.8809
BRENTWOOD, CA Web ID: 0355472 | $2,995,000 Traditional, 5-bedroom, 4-bath home in the heart of Brentwood on a desirable cul-de-sac. Brentwood Brokerage Simon Beardmore | 310.892.6454
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) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,592,908
$784,500
$1,966,145
$4,845,909
$816.06
$582.19
$671.15
$1,083.24
$2,532,952
$782,875
$1,899,786
$4,781,041 $1,068.74
$797.19
$580.98
$648.49
TOTAL SFH SOLD
43
4
28
11
TOTAL SFH FOR SALE AT END OF PERIOD
86
4
19
63
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
6.0
3.0
2.0
17.2
98%
100%
97%
99%
ALL
< $1M
$1M - $3M
> $3M
$3,669,781
$898,500
$1,742,438
$7,163,333
SFH JUL - SEP 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$923.14
$630.97
$599.72
$1,120.41
$3,441,775
$871,500
$1,706,938
$6,611,650
$586.08
$1,034.12
$864.33
$612.01
TOTAL SFH SOLD
32
4
16
12
TOTAL SFH FOR SALE AT END OF PERIOD
94
7
32
55
AVERAGE SOLD PRICE PER SQUARE FOOT
8.8
5.3
6.0
13.8
94%
97%
98%
92%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
-29%
-13%
13%
-32%
AVERAGE LIST PRICE PER SQUARE FOOT
-12%
-8%
12%
-3%
AVERAGE SOLD PRICE
-26%
-10%
11%
-28%
AVERAGE SOLD PRICE PER SQUARE FOOT
-8%
-5%
11%
3%
TOTAL SFH SOLD
34%
0%
75%
-8%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH SEP/SEP COMPARISON
TOTAL SFH FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-9%
-43%
-41%
15%
-32%
-43%
-66%
25%
4%
3%
-1%
7% (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 SEPTEMBER MARKET OVERVIEW
In Bel Air - Holmby Hills there were 15 single family home sales in September 2015, up from 9 in September 2014 and a 67% increase from the 9 sales closed last month. The average list price for single family home sales in September 2015 was $3,112,937 compared to $4,835,444 for September 2014, representing a 36% decrease. For the three-month period from July to September 2015, the average list price was 29% lower than the same period of the prior year. Average sales price for September 2015 was $2,964,363, compared to that of July through September 2015, which was $2,532,952. These results indicate that the sale price is trending up. Comparing September 2015 to August 2015, Bel Air - Holmby Hills saw a 32% increase in average sale price, but a 34% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JUL - SEP 2015
ALL
< $1M
$1M - $3M
> $3M
$669,000
$669,000
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$500.47
$500.47
$-
$-
AVERAGE SOLD PRICE
$661,375
$661,375
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE LIST PRICE
$494.76
$494.76
$-
$-
TOTAL CONDOS SOLD
4
4
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
2
2
-
-
1.5
1.5
-
-
99%
99%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
$575,000
$575,000
$-
$-
$466.72
$466.72
$-
$-
$550,000
$550,000
$-
$-
$446.43
$446.43
$-
$-
1
1
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JUL - SEP 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
5
3
2
AVERAGE MONTHLY SUPPLY OF INVENTORY
15.0
9.0
-
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
96%
96%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
SEP/SEP COMPARISON
16%
16%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
7%
7%
0%
0%
AVERAGE SOLD PRICE
20%
20%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
11%
11%
0%
0%
TOTAL CONDOS SOLD
300%
300%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-60%
-33%
-100%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-90%
-83%
0%
0%
3%
3%
0%
0%
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) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,842,750
$913,000
$1,659,228
$3,378,167
$775.50
$636.83
$756.15
$864.31
$1,829,083
$897,172
$1,658,661
$3,289,167
$769.75
$625.79
$755.89
$841.54
TOTAL SFH SOLD
44
3
35
6
TOTAL SFH FOR SALE AT END OF PERIOD
38
4
34
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.6
4.0
2.9
-
99%
98%
100%
97%
ALL
< $1M
$1M - $3M
> $3M
$1,597,785
$843,005
$1,728,543
$3,000,000
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL - SEP 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$680.69
$566.27
$693.35
$776.20
$1,600,794
$846,380
$1,731,537
$3,000,000
$695.79
$776.20
$683.03
$568.54
TOTAL SFH SOLD
58
10
47
1
TOTAL SFH FOR SALE AT END OF PERIOD
34
6
26
2
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
1.8
1.8
1.7
6.0
100%
100%
100%
100%
ALL
< $1M
$1M - $3M
> $3M 13%
SFH SEP/SEP COMPARISON AVERAGE LIST PRICE
15%
8%
-4%
AVERAGE LIST PRICE PER SQUARE FOOT
14%
12%
9%
11%
AVERAGE SOLD PRICE
14%
6%
-4%
10%
AVERAGE SOLD PRICE PER SQUARE FOOT
13%
10%
9%
8%
TOTAL SFH SOLD
-24%
-70%
-26%
500%
TOTAL SFH FOR SALE AT END OF PERIOD
12%
-33%
31%
-100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
47%
122%
76%
-100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-1%
-2%
0%
-3% (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
SEPTEMBER MARKET OVERVIEW In Beverly Center - Miracle Mile there were 16 condominium sales in September 2015, up from 9 in September 2014 and a 78% increase from the 9 sales closed last month. The average list price for condo sales in September 2015 was $740,055 compared to $642,889 for September 2014, representing a 15% increase. For the three-month period from July to September 2015, the average list price was 18% higher than the same period of the prior year. Average sales price for September 2015 was $734,031, compared to that of July through September 2015, which was $769,233. These results indicate that the sale price is trending down. Comparing September 2015 to August 2015, Beverly Center - Miracle Mile saw a 11% decrease in average sale price, but a 15% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JUL - SEP 2015
ALL
< $1M
$1M - $3M
> $3M
$768,052
$745,585
$1,150,000
$-
$535.17
$534.77
$539.53
$-
AVERAGE SOLD PRICE
$769,233
$743,158
$1,212,500
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
$536.99
$534.04
$568.85
$-
TOTAL CONDOS SOLD
36
34
2
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
24
19
5
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.0
1.7
7.5
-
100%
100%
105%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$649,145
$649,145
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$494.00
$494.00
$-
$-
AVERAGE SOLD PRICE
$638,737
$638,737
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$486.08
$486.08
$-
$-
33
33
-
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JUL - SEP 2014
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
26
25
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.4
2.3
-
-
98%
98%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
SEP/SEP COMPARISON
18%
15%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
8%
8%
0%
0%
AVERAGE SOLD PRICE
20%
16%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
10%
10%
0%
0%
TOTAL CONDOS SOLD
9%
3%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-8%
-24%
400%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-15%
-26%
0%
0%
2%
1%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$6,771,316
$-
$2,119,375
$10,154,545
$1,539.38
$-
$956.07
$1,733.32
$6,350,909
$-
$2,118,877
$9,428,750 $1,629.33
$1,461.29
$-
$955.85
TOTAL SFH SOLD
38
-
16
22
TOTAL SFH FOR SALE AT END OF PERIOD
69
-
9
60
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
5.4
-
1.7
8.2
94%
0%
100%
93%
SFH JUL - SEP 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$5,059,054
$-
$1,902,176
$7,883,629
$1,261.77
$-
$868.41
$1,402.65
$4,760,526
$-
$1,873,407
$7,343,737
$855.28
$1,304.71 19
$1,186.20
$-
TOTAL SFH SOLD
36
-
17
TOTAL SFH FOR SALE AT END OF PERIOD
63
-
12
51
AVERAGE MONTHLY SUPPLY OF INVENTORY
5.3
-
2.1
8.1
94%
0%
98%
93%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
34%
0%
11%
29%
AVERAGE LIST PRICE PER SQUARE FOOT
22%
0%
10%
24%
AVERAGE SOLD PRICE
33%
0%
13%
28%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH SEP/SEP COMPARISON
23%
0%
12%
25%
TOTAL SFH SOLD
6%
0%
-6%
16%
TOTAL SFH FOR SALE AT END OF PERIOD
10%
0%
-25%
18%
AVERAGE MONTHLY SUPPLY OF INVENTORY
4%
0%
-20%
2%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
0%
2%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
10
BEVERLY HILLS
CONDOMINIUM SALES SEPTEMBER MARKET OVERVIEW
In Beverly Hills there were 11 single family home sales in September 2015, up from 10 in September 2014 and a 10% increase from the 10 sales closed last month. The average list price for single family home sales in September 2015 was $10,007,818 compared to $4,988,895 for September 2014, representing a 101% increase. For the three-month period from July to September 2015, the average list price was 34% higher than the same period of the prior year. Average sales price for September 2015 was $9,057,727, compared to that of July through September 2015, which was $6,350,909. These results indicate that the sale price is trending up. Comparing September 2015 to August 2015, Beverly Hills saw a 104% increase in average sale price, and a 95% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,393,421
$806,992
$1,447,211
$7,995,000
$724.81
$547.31
$657.82
$2,835.11
$1,342,739
$793,762
$1,390,474
$7,572,500 $2,685.28
$698.24
$538.47
$632.03
TOTAL CONDOS SOLD
33
13
19
1
TOTAL CONDOS FOR SALE AT END OF PERIOD
34
9
22
3
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.1
2.1
3.5
9.0
96%
98%
96%
95%
ALL
< $1M
$1M - $3M
> $3M
$1,461,770
$749,492
$1,367,225
$11,900,000
$751.78
$502.56
$644.16
$3,115.18
$1,438,013
$739,983
$1,361,416
$11,346,307
$739.56
$496.19
$641.42
$2,970.24
33
12
20
1
CONDOS JUL - SEP 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
45
18
25
2
AVERAGE MONTHLY SUPPLY OF INVENTORY
4.1
4.5
3.8
6.0
98%
99%
100%
95%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
SEP/SEP COMPARISON
-5%
8%
6%
-33%
AVERAGE LIST PRICE PER SQUARE FOOT
-4%
9%
2%
-9%
AVERAGE SOLD PRICE
-7%
7%
2%
-33%
AVERAGE SOLD PRICE PER SQUARE FOOT
-6%
9%
-1%
-10%
TOTAL CONDOS SOLD
0%
8%
-5%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-24%
-50%
-12%
50%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-24%
-54%
-7%
50%
-2%
0%
-4%
-1%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
11
BEVERLY HILLS POST OFFICE
SINGLE FAMILY HOME SALES
Beverly Hills Post Office is home to grand estates, mansions and large traditional homes as well as some of the most celebrated gated communities in the area, including Mulholland Estates, The Summit, Beverly Ridge Estates and perhaps the most famous, Beverly Park. Lying outside of the City of Beverly Hills limits, Beverly Hills Post Office is part of Los Angeles, but is assigned to use the postal services of Beverly Hills, which started in the early 1960s. Within the area some of the most desired grand estates, mansions and large traditional homes in all of Southern California can be found. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$4,362,812
$831,000
$1,835,132
$8,040,833
$1,074.88
$665.69
$675.54
$1,330.43
$4,158,243
$742,592
$1,822,227
$7,582,649
$1,031.17
$594.87
$670.79
$1,264.30
TOTAL SFH SOLD
43
3
22
18
TOTAL SFH FOR SALE AT END OF PERIOD
110
2
37
71
AVERAGE MONTHLY SUPPLY OF INVENTORY
7.7
2.0
5.0
11.8
95%
89%
99%
94%
ALL
< $1M
$1M - $3M
> $3M
$3,829,769
$849,000
$2,022,942
$6,317,133
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL - SEP 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
$906.50
$606.43
$748.14
$1,000.26
$3,641,604
$825,000
$2,011,579
$5,894,076
$862.55
$589.29
$743.94
$933.52
TOTAL SFH SOLD
35
1
19
15
TOTAL SFH FOR SALE AT END OF PERIOD
100
3
42
55
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
8.6
9.0
6.6
11.0
95%
97%
99%
93%
ALL
< $1M
$1M - $3M
> $3M
SFH SEP/SEP COMPARISON AVERAGE LIST PRICE
14%
-2%
-9%
27%
AVERAGE LIST PRICE PER SQUARE FOOT
19%
10%
-10%
33%
AVERAGE SOLD PRICE
14%
-10%
-9%
29%
AVERAGE SOLD PRICE PER SQUARE FOOT
20%
1%
-10%
35%
TOTAL SFH SOLD
23%
200%
16%
20%
TOTAL SFH FOR SALE AT END OF PERIOD
10%
-33%
-12%
29%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-10%
-78%
-24%
8%
0%
-8%
0%
1%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
12
BEVERLY HILLS POST OFFICE
CONDOMINIUM SALES SEPTEMBER MARKET OVERVIEW
In Beverly Hills Post Office there were 16 single family home sales in September 2015, up from 7 in September 2014 and a 23% increase from the 13 sales closed last month. The average list price for single family home sales in September 2015 was $3,752,681 compared to $4,973,429 for September 2014, representing a 25% decrease. For the three-month period from July to September 2015, the average list price was 14% higher than the same period of the prior year. Average sales price for September 2015 was $3,699,181, compared to that of July through September 2015, which was $4,158,243. These results indicate that the sale price is trending down. Comparing September 2015 to August 2015, Beverly Hills Post Office saw a 2% increase in average sale price, but a 23% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
JUL - SEP 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 JUL - SEP 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
SEP/SEP 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) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,382,588
$890,559
$1,439,105
$4,491,000
$696.11
$623.67
$671.55
$1,177.97
$1,391,589
$893,206
$1,469,555
$4,146,500
$700.78
$625.52
$686.38
$1,087.61
TOTAL SFH SOLD
57
17
38
2
TOTAL SFH FOR SALE AT END OF PERIOD
33
13
20
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.7
2.3
1.6
-
101%
100%
102%
92%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL - SEP 2014
ALL
< $1M
$1M - $3M
> $3M
$1,077,886
$734,112
$1,410,200
$-
$593.75
$515.57
$642.81
$-
$1,074,898
$725,552
$1,412,600
$-
$592.11
$509.55
$643.91
$-
TOTAL SFH SOLD
59
29
30
-
TOTAL SFH FOR SALE AT END OF PERIOD
32
18
14
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.6
1.9
1.4
-
100%
99%
100%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
28%
21%
2%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
17%
21%
4%
0%
AVERAGE SOLD PRICE
29%
23%
4%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
18%
23%
7%
0%
TOTAL SFH SOLD
-3%
-41%
27%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
3%
-28%
43%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
7%
23%
13%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
1%
1%
2%
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 SEP/SEP COMPARISON
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
14
BEVERLYWOOD
CONDOMINIUM SALES SEPTEMBER MARKET OVERVIEW
In Beverlywood there were 16 single family home sales in September 2015, which is the same as September 2014 and a 36% decrease from the 25 sales closed last month. The average list price for single family home sales in September 2015 was $1,310,719 compared to $998,281 for September 2014, representing a 31% increase. For the three-month period from July to September 2015, the average list price was 28% higher than the same period of the prior year. Average sales price for September 2015 was $1,334,563, compared to that of July through September 2015, which was $1,391,589. These results indicate that the sale price is trending down. Comparing September 2015 to August 2015, Beverlywood saw a 5% decrease in average sale price, but a 33% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JUL - SEP 2015
ALL
< $1M
$1M - $3M
> $3M
$676,260
$632,064
$1,295,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$492.81
$486.34
$542.07
$-
AVERAGE SOLD PRICE
$674,567
$637,750
$1,190,000
$-
AVERAGE LIST PRICE
$491.57
$490.71
$498.12
$-
TOTAL CONDOS SOLD
15
14
1
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
8
7
1
-
1.6
1.5
3.0
-
100%
101%
92%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$575,176
$575,176
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$438.83
$438.83
$-
$-
AVERAGE SOLD PRICE
$572,162
$572,162
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$436.53
$436.53
$-
$-
17
17
-
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JUL - SEP 2014
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
11
11
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.9
1.9
-
-
99%
99%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
SEP/SEP COMPARISON
18%
10%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
12%
11%
0%
0%
AVERAGE SOLD PRICE
18%
11%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
13%
12%
0%
0%
TOTAL CONDOS SOLD
-12%
-18%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-27%
-36%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-18%
-23%
0%
0%
0%
1%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$3,511,315
$-
$2,113,742
$5,395,000
$956.60
$-
$783.39
$1,088.12
$3,413,490
$-
$2,089,287
$5,198,286 $1,044.95
$928.28
$-
$774.62
TOTAL SFH SOLD
54
-
31
23
TOTAL SFH FOR SALE AT END OF PERIOD
95
-
36
59
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
5.3
-
3.5
7.7
97%
0%
99%
96%
ALL
< $1M
$1M - $3M
> $3M
$4,024,387
$795,000
$1,906,314
$6,999,846
SFH JUL - SEP 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$1,034.50
$697.37
$697.47
$1,260.44
$3,689,656
$845,000
$1,862,683
$6,258,453 $1,126.94
$948.45
$741.23
$681.51
TOTAL SFH SOLD
62
1
35
26
TOTAL SFH FOR SALE AT END OF PERIOD
69
-
31
38
AVERAGE SOLD PRICE PER SQUARE FOOT
3.3
-
2.7
4.4
92%
106%
98%
89%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
-13%
-100%
11%
-23%
AVERAGE LIST PRICE PER SQUARE FOOT
-8%
-100%
12%
-14%
AVERAGE SOLD PRICE
-7%
-100%
12%
-17%
AVERAGE SOLD PRICE PER SQUARE FOOT
-2%
-100%
14%
-7%
TOTAL SFH SOLD
-13%
-100%
-11%
-12%
TOTAL SFH FOR SALE AT END OF PERIOD
38%
0%
16%
55%
AVERAGE MONTHLY SUPPLY OF INVENTORY
58%
0%
31%
76%
6%
-100%
1%
8%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH SEP/SEP 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
16
BRENTWOOD
CONDOMINIUM SALES SEPTEMBER MARKET OVERVIEW
In Brentwood there were 24 condominium sales in September 2015, down from 27 in September 2014 and a 118% increase from the 11 sales closed last month. The average list price for condo sales in September 2015 was $718,033 compared to $813,330 for September 2014, representing a 12% decrease. For the three-month period from July to September 2015, the average list price was 3% lower than the same period of the prior year. Average sales price for September 2015 was $720,788, compared to that of July through September 2015, which was $777,269. These results indicate that the sale price is trending down. Comparing September 2015 to August 2015, Brentwood saw a 10% decrease in average sale price, and a 10% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL - SEP 2015
$770,274
$682,064
$1,171,227
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$542.96
$534.78
$565.86
$-
AVERAGE SOLD PRICE
$777,269
$688,496
$1,180,784
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$547.89
$539.83
$570.48
$-
TOTAL CONDOS SOLD
61
50
11
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
61
35
26
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.0
2.1
7.1
-
101%
101%
101%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$796,320
$684,490
$1,336,833
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$562.60
$556.03
$580.55
$-
AVERAGE SOLD PRICE
$789,128
$679,072
$1,321,065
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$559.44
$550.78
$583.14
$-
70
58
12
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JUL - SEP 2014
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
62
46
16
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.7
2.4
4.0
-
99%
99%
99%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
SEP/SEP COMPARISON
-3%
0%
-12%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
-3%
-4%
-3%
0%
AVERAGE SOLD PRICE
-2%
1%
-11%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
-2%
-2%
-2%
0%
TOTAL CONDOS SOLD
-13%
-14%
-8%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-2%
-24%
63%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
13%
-12%
77%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2%
2%
2%
0%
(Source: MLS/CLAW)
17
CHEVIOT HILLS - RANCHO PARK
SINGLE FAMILY HOME SALES
Cheviot Hills and Rancho Park are both situated within a short drive of Fox Studios and Sony Studios. Cheviot Hills provides excellent views of much of the Los Angeles. Cheviot Hills’ gently rolling hills are reminiscent of the Cheviot Hills area of Scotland, which is how the area got its name. Rancho Park, though a small residential neighborhood in West Los Angeles, is one of the few districts in Los Angeles where fall foliage can be seen. Nestled between Westwood and Cheviot Hills, Rancho Park is mostly filled with single-family homes and tree-lined streets. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,060,000
$924,000
$1,866,947
$3,545,000
$811.34
$719.63
$815.64
$814.15
$2,049,427
$925,000
$1,864,767
$3,488,775
$807.18
$720.40
$814.68
$801.23
TOTAL SFH SOLD
25
2
19
4
TOTAL SFH FOR SALE AT END OF PERIOD
16
-
13
3
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.9
-
2.1
2.3
99%
100%
100%
98%
ALL
< $1M
$1M - $3M
> $3M
$1,653,800
$831,750
$1,611,071
$3,597,000
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL - SEP 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$766.89
$851.11
$747.10
$796.59
$1,672,690
$843,325
$1,655,036
$3,455,000 $765.14
$775.65
$862.96
$767.49
TOTAL SFH SOLD
20
4
14
2
TOTAL SFH FOR SALE AT END OF PERIOD
15
-
11
4
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.3
-
2.4
6.0
101%
101%
103%
96%
ALL
< $1M
$1M - $3M
> $3M
25%
11%
16%
-1%
6%
-15%
9%
2%
23%
10%
13%
1%
4%
-17%
6%
5%
25%
-50%
36%
100%
SFH SEP/SEP COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL SFH SOLD
7%
0%
18%
-25%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-15%
0%
-13%
-63%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-2%
-1%
-3%
2%
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
18
CHEVIOT HILLS - RANCHO PARK
CONDOMINIUM SALES SEPTEMBER MARKET OVERVIEW
In Cheviot Hills - Rancho Park there were 9 single family home sales in September 2015, up from 3 in September 2014 and a similar performance from the 9 sales closed last month. The average list price for single family home sales in September 2015 was $2,188,667 compared to $1,456,333 for September 2014, representing a 50% increase. For the three-month period from July to September 2015, the average list price was 25% higher than the same period of the prior year. Average sales price for September 2015 was $2,203,964, compared to that of July through September 2015, which was $2,049,427. These results indicate that the sale price is trending up. Comparing September 2015 to August 2015, Cheviot Hills - Rancho Park saw a 13% increase in average sale price, and a 39% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
JUL - SEP 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
1
-
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-
-
-
-
0%
0%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
CONDOS JUL - SEP 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
SEP/SEP 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) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,070,743
$816,875
$1,311,249
$-
$638.55
$613.60
$654.26
$-
$1,095,909
$827,864
$1,349,846
$-
$653.56
$621.86
$673.51
$-
TOTAL SFH SOLD
74
36
38
-
TOTAL SFH FOR SALE AT END OF PERIOD
40
21
19
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.6
1.8
1.5
-
102%
101%
103%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL - SEP 2014
ALL
< $1M
$1M - $3M
> $3M
$859,628
$768,637
$1,132,600
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$582.61
$577.42
$594.40
$-
AVERAGE SOLD PRICE
$877,498
$783,420
$1,159,731
$-
$595.17
$588.53
$610.28
$-
TOTAL SFH SOLD
52
39
13
-
TOTAL SFH FOR SALE AT END OF PERIOD
24
17
7
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.4
1.3
1.6
-
102%
102%
102%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
25%
6%
16%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
10%
6%
10%
0%
AVERAGE SOLD PRICE
25%
6%
16%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
10%
6%
10%
0%
TOTAL SFH SOLD
42%
-8%
192%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
67%
24%
171%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
17%
34%
-7%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
-1%
1%
0%
AVERAGE LIST PRICE
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH SEP/SEP COMPARISON
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
20
CULVER CITY
CONDOMINIUM SALES SEPTEMBER MARKET OVERVIEW
In Culver City there were 23 single family home sales in September 2015, up from 22 in September 2014 and a 8% decrease from the 25 sales closed last month. The average list price for single family home sales in September 2015 was $1,085,778 compared to $832,757 for September 2014, representing a 30% increase. For the three-month period from July to September 2015, the average list price was 25% higher than the same period of the prior year. Average sales price for September 2015 was $1,099,492, compared to that of July through September 2015, which was $1,095,909. These results indicate that the sale price is trending up. Comparing September 2015 to August 2015, Culver City saw a 4% increase in average sale price, and a 32% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$486,068
$459,844
$1,299,000
$-
$441.45
$426.20
$727.12
$-
$495,850
$470,087
$1,294,500
$-
$450.34
$435.69
$724.60
$-
TOTAL CONDOS SOLD
64
62
2
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
21
17
4
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.0
0.8
6.0
-
102%
102%
100%
0%
ALL
< $1M
$1M - $3M
> $3M
$462,188
$462,188
$-
$-
$390.77
$390.77
$-
$-
$465,665
$465,665
$-
$-
$393.71
$393.71
$-
$-
74
74
-
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JUL - SEP 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
33
32
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.3
1.3
-
-
101%
101%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
SEP/SEP COMPARISON
5%
-1%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
13%
9%
0%
0%
AVERAGE SOLD PRICE
6%
1%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
14%
11%
0%
0%
TOTAL CONDOS SOLD
-14%
-16%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-36%
-47%
300%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-26%
-37%
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) JUL - SEP 2015 AVERAGE LIST PRICE
ALL
< $1M
$1M - $3M
> $3M
$569,385
$324,211
$2,495,000
$5,999,000
AVERAGE LIST PRICE PER SQUARE FOOT
$324.56
$242.32
$623.75
$499.92
AVERAGE SOLD PRICE
$552,871
$316,562
$2,495,000
$5,700,000
$315.15
$236.61
$623.75
$475.00
TOTAL SFH SOLD
32
30
1
1
TOTAL SFH FOR SALE AT END OF PERIOD
32
32
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.0
3.2
-
-
97%
98%
100%
95%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL - SEP 2014
$291,017
$291,017
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$225.72
$225.72
$-
$-
AVERAGE SOLD PRICE
$290,139
$290,139
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$225.04
$225.04
$-
$-
TOTAL SFH SOLD
23
23
-
-
TOTAL SFH FOR SALE AT END OF PERIOD
29
26
2
1
3.8
3.4
-
-
100%
100%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
96%
11%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
44%
7%
0%
0%
AVERAGE SOLD PRICE
91%
9%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
40%
5%
0%
0%
TOTAL SFH SOLD
39%
30%
0%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
10%
23%
-100%
-100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-21%
-6%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-3%
-2%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH SEP/SEP COMPARISON
(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 SEPTEMBER MARKET OVERVIEW
In Downtown L.A. there were 37 condominium sales in September 2015, up from 36 in September 2014 and a 14% decrease from the 43 sales closed last month. The average list price for condo sales in September 2015 was $636,976 compared to $681,383 for September 2014, representing a 7% decrease. For the three-month period from July to September 2015, the average list price was 2% higher than the same period of the prior year. Average sales price for September 2015 was $621,416, compared to that of July through September 2015, which was $622,765. These results indicate that the sale price is trending down. Comparing September 2015 to August 2015, Downtown L.A. saw a 2% decrease in average sale price, and a 8% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL - SEP 2015
$638,130
$527,788
$1,681,364
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$606.59
$548.78
$882.48
$-
AVERAGE SOLD PRICE
$622,765
$518,932
$1,604,455
$$-
$591.99
$539.58
$842.11
TOTAL CONDOS SOLD
115
104
11
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
119
93
23
3
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.1
2.7
6.3
-
98%
98%
95%
0%
ALL
< $1M
$1M - $3M
> $3M
CONDOS JUL - SEP 2014
$624,603
$551,048
$1,672,750
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$554.04
$526.73
$730.46
$-
AVERAGE SOLD PRICE
$614,280
$546,616
$1,578,500
$-
$544.78
$522.41
$689.30
$-
TOTAL CONDOS SOLD
122
114
8
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
112
100
11
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.8
2.6
4.1
-
98%
99%
94%
0%
AVERAGE LIST PRICE
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
SEP/SEP COMPARISON
2%
-4%
1%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
9%
4%
21%
0%
AVERAGE SOLD PRICE
1%
-5%
2%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
9%
3%
22%
0%
TOTAL CONDOS SOLD
-6%
-9%
38%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
6%
-7%
109%
200%
AVERAGE MONTHLY SUPPLY OF INVENTORY
13%
2%
52%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-1%
-1%
1%
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
JUL - SEP 2015
$735,010
$677,889
$1,200,143
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$436.57
$432.86
$454.50
$-
AVERAGE SOLD PRICE
$744,839
$691,174
$1,181,826
$-
$442.41
$441.34
$447.56
$-
TOTAL SFH SOLD
64
57
7
-
TOTAL SFH FOR SALE AT END OF PERIOD
39
32
7
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.8
1.7
3.0
-
101%
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
JUL - SEP 2014
$691,105
$639,228
$1,241,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$435.96
$453.63
$361.91
$-
AVERAGE SOLD PRICE
$701,967
$653,087
$1,220,100
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$442.00
$462.58
$355.82
$-
TOTAL SFH SOLD
58
53
5
-
TOTAL SFH FOR SALE AT END OF PERIOD
33
32
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.7
1.8
0.6
-
102%
102%
98%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH SEP/SEP COMPARISON AVERAGE LIST PRICE
6%
6%
-3%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
0%
-5%
26%
0%
AVERAGE SOLD PRICE
6%
6%
-3%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
0%
-5%
26%
0%
TOTAL SFH SOLD
10%
8%
40%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
18%
0%
600%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
7%
-7%
400%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
0%
0%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
24
EAGLE ROCK
CONDOMINIUM SALES SEPTEMBER MARKET OVERVIEW
In Eagle Rock there were 20 single family home sales in September 2015, up from 17 in September 2014 and a 9% decrease from the 22 sales closed last month. The average list price for single family home sales in September 2015 was $792,571 compared to $740,729 for September 2014, representing a 7% increase. For the three-month period from July to September 2015, the average list price was 6% higher than the same period of the prior year. Average sales price for September 2015 was $790,564, compared to that of July through September 2015, which was $744,839. These results indicate that the sale price is trending up. Comparing September 2015 to August 2015, Eagle Rock saw a 1% increase in average sale price, and a 5% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$375,000
$375,000
$-
$-
$390.63
$390.63
$-
$-
$395,000
$395,000
$-
$-
$411.46
$411.46
$-
$-
TOTAL CONDOS SOLD
1
1
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
105%
105%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
$189,000
$189,000
$-
$-
$375.00
$375.00
$-
$-
$185,000
$185,000
$-
$-
$367.06
$367.06
$-
$-
1
1
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
98%
98%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JUL - SEP 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 SEP/SEP COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
ALL
< $1M
$1M - $3M
> $3M
98%
98%
0%
0%
4%
4%
0%
0%
AVERAGE SOLD PRICE
114%
114%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
12%
12%
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
8%
8%
0%
0%
(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) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,865,605
$849,390
$1,573,790
$4,019,900
$668.33
$523.18
$639.89
$758.87
$1,849,784
$814,565
$1,603,962
$3,843,710
$662.61
$501.73
$654.14
$725.61
TOTAL SFH SOLD
59
10
39
10
TOTAL SFH FOR SALE AT END OF PERIOD
79
20
50
9
AVERAGE MONTHLY SUPPLY OF INVENTORY
4.0
6.0
3.8
2.7
99%
96%
102%
96%
ALL
< $1M
$1M - $3M
> $3M
$1,731,475
$798,064
$1,647,375
$5,238,125
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL - SEP 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$625.70
$405.32
$635.73
$826.20
$1,709,107
$786,036
$1,656,745
$5,003,625
$636.91
$789.22
$616.04
$399.21
TOTAL SFH SOLD
79
26
45
8
TOTAL SFH FOR SALE AT END OF PERIOD
86
25
50
11
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.3
2.9
3.3
4.1
99%
98%
101%
96%
ALL
< $1M
$1M - $3M
> $3M -23%
SFH SEP/SEP COMPARISON AVERAGE LIST PRICE
8%
6%
-4%
AVERAGE LIST PRICE PER SQUARE FOOT
7%
29%
1%
-8%
AVERAGE SOLD PRICE
8%
4%
-3%
-23%
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL SFH SOLD
8%
26%
3%
-8%
-25%
-62%
-13%
25%
TOTAL SFH FOR SALE AT END OF PERIOD
-8%
-20%
0%
-18%
AVERAGE MONTHLY SUPPLY OF INVENTORY
23%
108%
15%
-35%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
-3%
1%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
26
CONDOMINIUM SALES
HANCOCK PARK
SEPTEMBER MARKET OVERVIEW In Hancock Park - Wilshire there were 16 single family home sales in September 2015, which is the same as September 2014 and a 11% decrease from the 18 sales closed last month. The average list price for single family home sales in September 2015 was $1,572,425 compared to $1,484,062 for September 2014, representing a 6% increase. For the three-month period from July to September 2015, the average list price was 8% higher than the same period of the prior year. Average sales price for September 2015 was $1,563,875, compared to that of July through September 2015, which was $1,849,784. These results indicate that the sale price is trending down. Comparing September 2015 to August 2015, Hancock Park - Wilshire saw a 25% decrease in average sale price, but a 7% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$604,802
$560,891
$1,120,750
$-
$457.67
$455.56
$470.51
$-
$596,275
$553,191
$1,102,500
$-
$451.22
$449.31
$462.85
$-
TOTAL CONDOS SOLD
51
47
4
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
52
48
4
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.1
3.1
3.0
-
99%
99%
98%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$571,397
$571,397
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$421.98
$421.98
$-
$-
AVERAGE SOLD PRICE
$557,223
$557,223
$-
$-
$411.51
$411.51
$-
$-
34
34
-
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JUL - SEP 2014
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
56
55
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
4.9
4.9
-
-
98%
98%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
SEP/SEP COMPARISON
6%
-2%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
8%
8%
0%
0%
AVERAGE SOLD PRICE
7%
-1%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
10%
9%
0%
0%
TOTAL CONDOS SOLD
50%
38%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-7%
-13%
300%
0%
-38%
-37%
0%
0%
1%
1%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 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
JUL - SEP 2015
$928,114
$662,378
$1,489,111
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$530.97
$448.55
$635.44
$-
AVERAGE SOLD PRICE
$917,796
$667,278
$1,446,667
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$525.66
$453.34
$617.32
$-
TOTAL SFH SOLD
28
19
9
-
TOTAL SFH FOR SALE AT END OF PERIOD
20
14
6
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.1
2.2
2.0
-
99%
101%
97%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL - SEP 2014
$752,170
$635,805
$1,974,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$470.64
$442.25
$601.19
$-
$745,902
$629,606
$1,967,000
$-
$466.72
$437.94
$599.06
$-
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL SFH SOLD
23
21
2
-
TOTAL SFH FOR SALE AT END OF PERIOD
25
16
9
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.3
2.3
13.5
-
99%
99%
100%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
23%
4%
-25%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
13%
1%
6%
0%
AVERAGE SOLD PRICE
23%
6%
-26%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
13%
4%
3%
0%
TOTAL SFH SOLD
22%
-10%
350%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-20%
-13%
-33%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-34%
-3%
-85%
0%
0%
2%
-3%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH SEP/SEP 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
28
HOLLYWOOD
CONDOMINIUM SALES SEPTEMBER MARKET OVERVIEW
In Hollywood there were 8 condominium sales in September 2015, up from 4 in September 2014 and a similar performance from the 8 sales closed last month. The average list price for condo sales in September 2015 was $938,875 compared to $731,500 for September 2014, representing a 28% increase. For the three-month period from July to September 2015, the average list price was 28% higher than the same period of the prior year. Average sales price for September 2015 was $889,625, compared to that of July through September 2015, which was $943,244. These results indicate that the sale price is trending down. Comparing September 2015 to August 2015, Hollywood saw a 3% decrease in average sale price, but a 25% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$972,622
$664,172
$2,112,250
$3,200,000
$631.98
$519.14
$938.85
$978.59
$943,244
$649,027
$2,018,500
$3,115,000
$616.40
$507.30
$912.56
$952.60
TOTAL CONDOS SOLD
27
22
4
1
TOTAL CONDOS FOR SALE AT END OF PERIOD
32
24
8
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.6
3.3
6.0
-
97%
98%
96%
97%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$760,574
$603,066
$1,226,667
$3,300,000
AVERAGE LIST PRICE PER SQUARE FOOT
$566.99
$500.90
$665.22
$1,009.17
AVERAGE SOLD PRICE
$744,652
$593,596
$1,218,333
$3,100,000
$555.12
$493.04
$660.70
$948.01
29
25
3
1 -
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JUL - SEP 2014
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
36
28
8
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.7
3.4
8.0
-
98%
98%
99%
94%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
SEP/SEP COMPARISON
28%
10%
72%
-3%
AVERAGE LIST PRICE PER SQUARE FOOT
11%
4%
41%
-3%
AVERAGE SOLD PRICE
27%
9%
66%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
11%
3%
38%
0%
TOTAL CONDOS SOLD
-7%
-12%
33%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-11%
-14%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-5%
-3%
-25%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-1%
-1%
-4%
4%
(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) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,356,627
$884,985
$1,504,016
$-
$586.13
$484.83
$604.64
$-
$1,355,880
$871,700
$1,507,186
$$-
$586.06
$477.41
$605.91
TOTAL SFH SOLD
42
10
32
-
TOTAL SFH FOR SALE AT END OF PERIOD
41
11
28
2
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.9
3.3
2.6
-
100%
98%
100%
0%
ALL
< $1M
$1M - $3M
> $3M
$1,255,733
$820,898
$1,392,276
$3,495,000
SFH JUL - SEP 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
$512.98
$424.18
$519.79
$957.53
$1,230,773
$817,634
$1,360,036
$3,370,000
$503.42
$423.77
$508.31
$923.29
TOTAL SFH SOLD
39
13
25
1
TOTAL SFH FOR SALE AT END OF PERIOD
61
15
43
3
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
4.7
3.5
5.2
9.0
98%
100%
98%
96%
ALL
< $1M
$1M - $3M
> $3M
SFH SEP/SEP COMPARISON AVERAGE LIST PRICE
8%
8%
8%
-100%
AVERAGE LIST PRICE PER SQUARE FOOT
14%
14%
16%
-100%
AVERAGE SOLD PRICE
10%
7%
11%
-100%
AVERAGE SOLD PRICE PER SQUARE FOOT
16%
13%
19%
-100%
TOTAL SFH SOLD
8%
-23%
28%
-100%
TOTAL SFH FOR SALE AT END OF PERIOD
-33%
-27%
-35%
-33%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-38%
-5%
-49%
-100%
2%
-1%
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
30
HOLLYWOOD HILLS EAST
CONDOMINIUM SALES SEPTEMBER MARKET OVERVIEW
In Hollywood Hills East there were 9 single family home sales in September 2015, down from 12 in September 2014 and a 50% decrease from the 18 sales closed last month. The average list price for single family home sales in September 2015 was $1,145,767 almost matching $1,113,083 for September 2014. For the three-month period from July to September 2015, the average list price was 8% higher than the same period of the prior year. Average sales price for September 2015 was $1,124,667, compared to that of July through September 2015, which was $1,355,880. These results indicate that the sale price is trending down. Comparing September 2015 to August 2015, Hollywood Hills East saw a 17% decrease in average sale price, but a 3% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$488,083
$488,083
$-
$-
$456.01
$456.01
$-
$-
$493,250
$493,250
$-
$-
$460.84
$460.84
$-
$-
TOTAL CONDOS SOLD
6
6
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
9
9
-
-
4.5
4.5
-
-
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 JUL - SEP 2014
$449,400
$449,400
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$422.37
$422.37
$-
$-
AVERAGE SOLD PRICE
$448,318
$448,318
$-
$-
$421.35
$421.35
$-
$-
11
11
-
-
AVERAGE LIST PRICE
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
10
9
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.7
2.5
-
-
100%
100%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
SEP/SEP COMPARISON
9%
9%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
8%
8%
0%
0%
AVERAGE SOLD PRICE
10%
10%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
9%
9%
0%
0%
TOTAL CONDOS SOLD
-45%
-45%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-10%
0%
-100%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
65%
83%
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) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,682,515
$858,222
$1,576,547
$3,855,000
$680.93
$580.75
$635.35
$996.60
$1,691,288
$853,283
$1,607,226
$3,690,833 $954.16
$684.48
$577.41
$647.72
TOTAL SFH SOLD
68
9
53
6
TOTAL SFH FOR SALE AT END OF PERIOD
61
3
44
14
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.7
1.0
2.5
7.0
101%
99%
102%
96%
ALL
< $1M
$1M - $3M
> $3M
$1,462,196
$722,025
$1,572,451
$4,273,167
SFH JUL - SEP 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$659.72
$538.35
$594.74
$1,059.90
$1,439,244
$760,036
$1,545,766
$3,987,500
$584.44
$989.05 6
$649.23
$567.68
TOTAL SFH SOLD
69
28
35
TOTAL SFH FOR SALE AT END OF PERIOD
55
16
34
5
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.4
1.7
2.9
2.5
98%
105%
98%
93%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
15%
19%
0%
-10%
AVERAGE LIST PRICE PER SQUARE FOOT
3%
8%
7%
-6%
AVERAGE SOLD PRICE
18%
12%
4%
-7%
AVERAGE SOLD PRICE PER SQUARE FOOT
5%
2%
11%
-4%
TOTAL SFH SOLD
-1%
-68%
51%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH SEP/SEP COMPARISON
TOTAL SFH FOR SALE AT END OF PERIOD
11%
-81%
29%
180%
AVERAGE MONTHLY SUPPLY OF INVENTORY
13%
-42%
-15%
180%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2%
-6%
4%
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 SEPTEMBER MARKET OVERVIEW
In Los Feliz there were 19 single family home sales in September 2015, down from 23 in September 2014 and a 32% decrease from the 28 sales closed last month. The average list price for single family home sales in September 2015 was $1,692,000 almost matching $1,662,000 for September 2014. For the three-month period from July to September 2015, the average list price was 15% higher than the same period of the prior year. Average sales price for September 2015 was $1,691,763, compared to that of July through September 2015, which was $1,691,288. These results indicate that the sale price is trending up. Comparing September 2015 to August 2015, Los Feliz saw a 5% decrease in average sale price, but a 3% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JUL - SEP 2015
ALL
< $1M
$1M - $3M
> $3M
$480,971
$480,971
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$489.72
$489.72
$-
$-
AVERAGE SOLD PRICE
$488,714
$488,714
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE LIST PRICE
$497.60
$497.60
$-
$-
TOTAL CONDOS SOLD
7
7
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
5
5
-
-
2.1
2.1
-
-
102%
102%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JUL - SEP 2014
$498,000
$498,000
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$455.39
$455.39
$-
$-
AVERAGE SOLD PRICE
$507,571
$507,571
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$464.14
$464.14
$-
$-
7
7
-
-
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
7
7
-
3.0
3.0
-
-
102%
102%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
SEP/SEP COMPARISON
-3%
-3%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
8%
8%
0%
0%
AVERAGE SOLD PRICE
-4%
-4%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
7%
7%
0%
0%
0%
0%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-29%
-29%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-29%
-29%
0%
0%
0%
0%
0%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
33
MALIBU
SINGLE FAMILY HOME SALES Few names can evoke visions of beach living and casual elegance as readily as Malibu, California. Embracing nearly 27 miles of gorgeous California coastline, Malibu has long been home to some of the most influential people in the world. The terrain varies widely, and some of Malibu’s famous beaches and surf spots include Surfrider Beach, Zuma Beach and Le Carrillo Beach. Ocean-side dining, boutique shops and gorgeous beaches combine to create the unique lifestyle that exemplifies living in a Malibu home. Sotheby’s International Realty, Inc provides some breathtaking Malibu properties with oceanfront and spectacular beach views. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,795,921
$837,500
$2,152,885
$4,859,500
$908.27
$533.44
$810.69
$1,065.35
$2,681,523
$782,500
$2,067,394
$4,658,063 $1,021.19
$871.08
$498.41
$778.57
TOTAL SFH SOLD
38
2
26
10
TOTAL SFH FOR SALE AT END OF PERIOD
170
5
73
92
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
13.4
7.5
8.4
27.6
96%
93%
96%
96%
ALL
< $1M
$1M - $3M
> $3M
$3,710,794
$872,000
$2,007,995
$6,758,158
SFH JUL - SEP 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$1,074.49
$521.03
$665.08
$1,426.31
$3,517,290
$845,757
$1,953,783
$6,335,887 $1,337.19
$1,017.79
$512.17
$646.49
TOTAL SFH SOLD
49
6
24
19
TOTAL SFH FOR SALE AT END OF PERIOD
169
7
78
84
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY
10.3
3.5
9.8
13.3
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
95%
97%
97%
94%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
-25%
-4%
7%
-28%
AVERAGE LIST PRICE PER SQUARE FOOT
-15%
2%
22%
-25%
AVERAGE SOLD PRICE
-24%
-7%
6%
-26%
SFH SEP/SEP COMPARISON
AVERAGE SOLD PRICE PER SQUARE FOOT
-14%
-3%
20%
-24%
TOTAL SFH SOLD
-22%
-67%
8%
-47%
TOTAL SFH FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
1%
-29%
-6%
10%
30%
114%
-14%
108%
1%
-4%
-1%
2% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
34
MALIBU
CONDOMINIUM SALES SEPTEMBER MARKET OVERVIEW
In Malibu there were 16 single family home sales in September 2015, down from 19 in September 2014 and a 78% increase from the 9 sales closed last month. The average list price for single family home sales in September 2015 was $2,580,600 compared to $5,488,416 for September 2014, representing a 53% decrease. For the three-month period from July to September 2015, the average list price was 25% lower than the same period of the prior year. Average sales price for September 2015 was $2,508,117, compared to that of July through September 2015, which was $2,681,523. These results indicate that the sale price is trending down. Comparing September 2015 to August 2015, Malibu saw a 7% decrease in average sale price, and a 51% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JUL - SEP 2015
ALL
< $1M
$1M - $3M
> $3M
$882,871
$606,255
$1,390,000
$-
$597.51
$524.11
$672.85
$-
AVERAGE SOLD PRICE
$857,088
$591,864
$1,343,333
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$-
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
$580.06
$511.67
$650.26
TOTAL CONDOS SOLD
17
11
6
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
23
10
9
4
4.1
2.7
4.5
-
97%
98%
97%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$874,154
$739,000
$1,324,667
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$535.03
$490.87
$642.52
$-
AVERAGE SOLD PRICE
$855,154
$712,700
$1,330,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$523.40
$473.40
$645.11
$-
13
10
3
-
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JUL - SEP 2014
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
20
15
5
AVERAGE MONTHLY SUPPLY OF INVENTORY
4.6
4.5
5.0
-
98%
96%
100%
0%
ALL
< $1M
$1M - $3M
> $3M
1%
-18%
5%
0%
12%
7%
5%
0%
AVERAGE SOLD PRICE
0%
-17%
1%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
11%
8%
1%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS SEP/SEP COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
TOTAL CONDOS SOLD
31%
10%
100%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
15%
-33%
80%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-12%
-39%
-10%
0%
-1%
1%
-4%
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) JUL - SEP 2015
ALL
< $1M
$1M - $3M
> $3M
$7,723,269
$-
$2,019,875
$10,258,111
AVERAGE LIST PRICE PER SQUARE FOOT
$2,583.17
$-
$1,128.42
$2,985.29
AVERAGE SOLD PRICE
$7,132,885
$-
$1,955,625
$9,433,889
AVERAGE SOLD PRICE PER SQUARE FOOT
$2,727.68
AVERAGE LIST PRICE
$2,373.57
$-
$1,092.53
TOTAL SFH SOLD
13
-
4
9
TOTAL SFH FOR SALE AT END OF PERIOD
56
-
5
51
AVERAGE MONTHLY SUPPLY OF INVENTORY
12.9
-
3.8
17.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
92%
0%
97%
92%
SFH JUL - SEP 2014
ALL
< $1M
$1M - $3M
> $3M
$7,377,692
$-
$2,647,500
$8,237,727
AVERAGE LIST PRICE PER SQUARE FOOT
$2,500.87
$-
$1,580.13
$2,600.38
AVERAGE SOLD PRICE
$7,316,092
$-
$2,449,600
$8,200,909
$1,462.01
$2,586.84
AVERAGE LIST PRICE
$2,477.13
$-
TOTAL SFH SOLD
13
-
2
11
TOTAL SFH FOR SALE AT END OF PERIOD
57
-
10
47
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY
13.2
-
15.0
12.8
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
99%
0%
93%
100%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
5%
0%
-24%
25%
AVERAGE LIST PRICE PER SQUARE FOOT
3%
0%
-29%
15%
AVERAGE SOLD PRICE
-3%
0%
-20%
15%
AVERAGE SOLD PRICE PER SQUARE FOOT
-4%
0%
-25%
5%
TOTAL SFH SOLD
0%
0%
100%
-18%
TOTAL SFH FOR SALE AT END OF PERIOD
-2%
0%
-50%
9%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-2%
0%
-75%
33%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-7%
0%
5%
-8%
SFH SEP/SEP COMPARISON
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
36
CONDOMINIUM SALES
MALIBU BEACH
SEPTEMBER MARKET OVERVIEW In Malibu Beach there were 4 single family home sales in September 2015, up from 3 in September 2014 and a 20% decrease from the 5 sales closed last month. The average list price for single family home sales in September 2015 was $10,730,625 compared to $8,266,667 for September 2014, representing a 30% increase. For the three-month period from July to September 2015, the average list price was 5% higher than the same period of the prior year. Average sales price for September 2015 was $9,763,750, compared to that of July through September 2015, which was $7,132,885. These results indicate that the sale price is trending up. Comparing September 2015 to August 2015, Malibu Beach saw a 86% increase in average sale price, and a 27% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,503,875
$805,667
$1,922,800
$-
$1,162.86
$711.51
$1,383.51
$-
$1,428,438
$767,500
$1,825,000
$$-
$1,104.53
$677.80
$1,313.14
TOTAL CONDOS SOLD
8
3
5
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
7
3
2
2
AVERAGE SOLD PRICE PER SQUARE FOOT
2.6
3.0
1.2
-
95%
95%
95%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$1,160,440
$795,550
$2,620,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$1,032.97
$769.95
$1,765.50
$-
AVERAGE SOLD PRICE
$1,103,540
$754,425
$2,500,000
$-
$982.32
$730.15
$1,684.64
$-
5
4
1
1
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JUL - SEP 2014
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
17
10
6
AVERAGE MONTHLY SUPPLY OF INVENTORY
10.2
7.5
18.0
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
95%
95%
95%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
SEP/SEP COMPARISON
30%
1%
-27%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
13%
-8%
-22%
0%
AVERAGE SOLD PRICE
29%
2%
-27%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
12%
-7%
-22%
0%
TOTAL CONDOS SOLD
60%
-25%
400%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-59%
-70%
-67%
100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-74%
-60%
-93%
0%
0%
0%
-1%
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) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,853,031
$799,700
$1,671,778
$3,722,000
$811.97
$769.68
$842.58
$764.82
$1,827,231
$674,750
$1,684,389
$3,622,500
$800.66
$649.42
$848.94
$744.37
TOTAL SFH SOLD
13
2
9
2
TOTAL SFH FOR SALE AT END OF PERIOD
12
1
9
2
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.8
1.5
3.0
3.0
99%
84%
101%
97%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL - SEP 2014
ALL
< $1M
$1M - $3M
> $3M
$1,716,625
$812,500
$2,620,750
$-
$631.52
$796.57
$593.40
$-
$1,668,688
$841,250
$2,496,125
$-
$613.88
$824.75
$565.18
$-
TOTAL SFH SOLD
8
4
4
-
TOTAL SFH FOR SALE AT END OF PERIOD
14
2
8
4
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
5.3
1.5
6.0
-
97%
104%
95%
0%
ALL
< $1M
$1M - $3M
> $3M
SFH SEP/SEP COMPARISON
8%
-2%
-36%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
29%
-3%
42%
0%
AVERAGE SOLD PRICE
10%
-20%
-33%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
30%
-21%
50%
0%
TOTAL SFH SOLD
63%
-50%
125%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-14%
-50%
13%
-50%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-47%
0%
-50%
0%
1%
-19%
6%
0%
AVERAGE LIST PRICE
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
38
MARINA DEL REY
CONDOMINIUM SALES SEPTEMBER MARKET OVERVIEW
In Marina Del Rey there were 26 condominium sales in September 2015, up from 25 in September 2014 and a 18% increase from the 22 sales closed last month. The average list price for condo sales in September 2015 was $836,890 compared to $938,020 for September 2014, representing an 11% decrease. For the three-month period from July to September 2015, the average list price was 8% higher than the same period of the prior year. Average sales price for September 2015 was $834,750, compared to that of July through September 2015, which was $946,752. These results indicate that the sale price is trending down. Comparing September 2015 to August 2015, Marina Del Rey saw a 23% decrease in average sale price, and a 7% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JUL - SEP 2015 AVERAGE LIST PRICE
ALL
< $1M
$1M - $3M
> $3M
$952,994
$724,895
$1,307,577
$3,595,000
AVERAGE LIST PRICE PER SQUARE FOOT
$630.52
$528.42
$753.03
$1,061.72
AVERAGE SOLD PRICE
$946,752
$727,942
$1,288,862
$3,430,000
AVERAGE SOLD PRICE PER SQUARE FOOT
$626.34
$530.79
$742.25
$1,012.99
TOTAL CONDOS SOLD
79
52
26
1
TOTAL CONDOS FOR SALE AT END OF PERIOD
46
29
17
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.7
1.7
2.0
-
99%
100%
99%
95%
ALL
< $1M
$1M - $3M
> $3M
$880,655
$699,849
$1,565,816
$-
$578.73
$478.02
$882.15
$-
$856,566
$692,660
$1,477,684
$-
$563.18
$473.79
$832.50
$-
91
72
19
1
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JUL - SEP 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
74
48
25
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.4
2.0
3.9
-
97%
99%
94%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
SEP/SEP COMPARISON
8%
4%
-16%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
9%
11%
-15%
0%
AVERAGE SOLD PRICE
11%
5%
-13%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
11%
12%
-11%
0%
TOTAL CONDOS SOLD
-13%
-28%
37%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-38%
-40%
-32%
-100%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-28%
-16%
-50%
0%
2%
1%
4%
0%
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
JUL - SEP 2015
$574,818
$530,244
$1,114,667
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$340.81
$342.98
$328.97
$-
$580,703
$535,910
$1,123,200
$-
AVERAGE SOLD PRICE
$344.13
$346.44
$331.49
$-
TOTAL SFH SOLD
118
109
9
-
TOTAL SFH FOR SALE AT END OF PERIOD
77
73
4
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.0
2.0
1.3
-
101%
101%
101%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL - SEP 2014
ALL
< $1M
$1M - $3M
> $3M
$490,303
$477,334
$1,138,750
$-
$312.56
$309.80
$384.32
$-
$486,963
$473,142
$1,178,000
$-
$310.43
$307.08
$397.57
$-
TOTAL SFH SOLD
102
100
2
-
TOTAL SFH FOR SALE AT END OF PERIOD
98
90
8
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.9
2.7
12.0
-
99%
99%
103%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
17%
11%
-2%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
9%
11%
-14%
0%
AVERAGE SOLD PRICE
19%
13%
-5%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
11%
13%
-17%
0%
TOTAL SFH SOLD
16%
9%
350%
0%
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH SEP/SEP COMPARISON
TOTAL SFH FOR SALE AT END OF PERIOD
-21%
-19%
-50%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-32%
-26%
-89%
0%
2%
2%
-3%
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 SEPTEMBER MARKET OVERVIEW
In Mid Los Angeles there were 36 single family home sales in September 2015, up from 32 in September 2014 and a 9% increase from the 33 sales closed last month. The average list price for single family home sales in September 2015 was $548,465 compared to $505,456 for September 2014, representing a 9% increase. For the three-month period from July to September 2015, the average list price was 17% higher than the same period of the prior year. Average sales price for September 2015 was $559,181, compared to that of July through September 2015, which was $580,703. These results indicate that the sale price is trending down. Comparing September 2015 to August 2015, Mid Los Angeles saw a 4% decrease in average sale price, but a 12% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL - SEP 2015
$355,667
$355,667
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$294.59
$294.59
$-
$-
AVERAGE SOLD PRICE
$359,167
$359,167
$-
$-
$297.49
$297.49
$-
$-
TOTAL CONDOS SOLD
3
3
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
2
2
-
-
2.0
2.0
-
-
101%
101%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
$325,480
$325,480
$-
$-
$249.56
$249.56
$-
$-
$322,600
$322,600
$-
$-
$247.35
$247.35
$-
$-
5
5
-
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JUL - SEP 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
2
-
1.2
1.2
-
-
99%
99%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
SEP/SEP COMPARISON
9%
9%
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
20%
20%
0%
0%
TOTAL CONDOS SOLD
-40%
-40%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
0%
0%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
67%
67%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2%
2%
0%
0%
(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
JUL - SEP 2015
$818,813
$804,961
$998,900
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$355.51
$345.24
$516.49
$-
AVERAGE SOLD PRICE
$852,143
$836,154
$1,060,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$369.98
$358.62
$548.09
$-
TOTAL SFH SOLD
14
13
1
-
TOTAL SFH FOR SALE AT END OF PERIOD
18
12
6
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.9
2.8
18.0
-
104%
104%
106%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL - SEP 2014
ALL
< $1M
$1M - $3M
> $3M
$687,406
$687,406
$-
$-
$322.75
$322.75
$-
$-
$679,853
$679,853
$-
$-
$319.21
$319.21
$-
$-
TOTAL SFH SOLD
17
17
-
-
TOTAL SFH FOR SALE AT END OF PERIOD
11
9
2
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.9
1.6
-
-
99%
99%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
19%
17%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
10%
7%
0%
0%
AVERAGE SOLD PRICE
25%
23%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
16%
12%
0%
0%
TOTAL SFH SOLD
-18%
-24%
0%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
64%
33%
200%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
99%
74%
0%
0%
5%
5%
0%
0%
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH SEP/SEP 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
42
MID WILSHIRE
CONDOMINIUM SALES SEPTEMBER MARKET OVERVIEW
In Mid Wilshire there were 4 condominium sales in September 2015, down from 8 in September 2014 and a 75% decrease from the 16 sales closed last month. The average list price for condo sales in September 2015 was $557,975 compared to $473,813 for September 2014, representing an 18% increase. For the three-month period from July to September 2015, the average list price was 8% lower than the same period of the prior year. Average sales price for September 2015 was $545,750, compared to that of July through September 2015, which was $465,400. These results indicate that the sale price is trending up. Comparing September 2015 to August 2015, Mid Wilshire saw a 32% increase in average sale price, and an 18% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$468,879
$468,879
$-
$-
$411.53
$411.53
$-
$-
$465,400
$465,400
$-
$-
$408.48
$408.48
$-
$-
TOTAL CONDOS SOLD
39
39
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
41
40
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.2
3.1
-
-
99%
99%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$510,950
$463,949
$2,250,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$428.97
$406.38
$745.03
$-
AVERAGE SOLD PRICE
$502,516
$464,746
$1,900,000
$-
$421.89
$407.07
$629.14
$-
38
37
1
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JUL - SEP 2014
AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
56
55
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
4.4
4.5
3.0
-
98%
100%
84%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
SEP/SEP COMPARISON
-8%
1%
-100%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
-4%
1%
-100%
0%
AVERAGE SOLD PRICE
-7%
0%
-100%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
-3%
0%
-100%
0%
3%
5%
-100%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-27%
-27%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-29%
-31%
-100%
0%
1%
-1%
-100%
0%
TOTAL CONDOS SOLD
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
JUL - SEP 2015
$743,272
$658,645
$1,060,625
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$465.92
$471.08
$454.35
$-
AVERAGE SOLD PRICE
$793,252
$677,612
$1,226,901
$-
$497.25
$484.64
$525.58
$-
TOTAL SFH SOLD
38
30
8
-
TOTAL SFH FOR SALE AT END OF PERIOD
20
13
7
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.6
1.3
2.6
-
107%
103%
116%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL - SEP 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
ALL
< $1M
$1M - $3M
> $3M
$656,522
$627,172
$1,199,500
$-
$399.13
$427.33
$245.52
$-
$644,548
$610,294
$1,278,250
$-
$391.79
$415.69
$261.64
$-
TOTAL SFH SOLD
39
37
2
-
TOTAL SFH FOR SALE AT END OF PERIOD
25
23
2
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.9
1.9
3.0
-
98%
97%
107%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH SEP/SEP COMPARISON AVERAGE LIST PRICE
13%
5%
-12%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
17%
10%
85%
0%
AVERAGE SOLD PRICE
23%
11%
-4%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
27%
17%
101%
0%
TOTAL SFH SOLD
-3%
-19%
300%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-20%
-43%
250%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-18%
-30%
-13%
0%
9%
6%
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
44
MOUNT WASHINGTON
CONDOMINIUM SALES SEPTEMBER MARKET OVERVIEW
In Mount Washington there were 15 single family home sales in September 2015, which is the same as September 2014 and a 50% increase from the 10 sales closed last month. The average list price for single family home sales in September 2015 was $821,867 compared to $689,167 for September 2014, representing a 19% increase. For the three-month period from July to September 2015, the average list price was 13% higher than the same period of the prior year. Average sales price for September 2015 was $895,147, compared to that of July through September 2015, which was $793,252. These results indicate that the sale price is trending up. Comparing September 2015 to August 2015, Mount Washington saw a 21% increase in average sale price, and a 26% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
JUL - SEP 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 JUL - SEP 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
SEP/SEP 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) JUL - SEP 2015
ALL
< $1M
$1M - $3M
> $3M
$3,854,111
$-
$2,181,737
$5,723,235
AVERAGE LIST PRICE PER SQUARE FOOT
$1,029.20
$-
$872.16
$1,118.70
AVERAGE SOLD PRICE
$3,757,602
$-
$2,142,340
$5,562,894
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE LIST PRICE
$1,001.63
$-
$857.17
$1,083.98
TOTAL SFH SOLD
72
-
38
34
TOTAL SFH FOR SALE AT END OF PERIOD
89
-
34
55
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.7
-
2.7
4.9
97%
0%
98%
97%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL - SEP 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$3,544,277
$-
$2,155,016
$6,112,303
$973.95
$-
$895.07
$1,036.16
$3,457,321
$-
$2,146,215
$5,880,879
$890.14
$997.36
$950.08
$-
TOTAL SFH SOLD
94
-
61
33
TOTAL SFH FOR SALE AT END OF PERIOD
72
-
32
40
AVERAGE SOLD PRICE PER SQUARE FOOT
2.3
-
1.6
3.6
98%
0%
100%
96%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
9%
0%
1%
-6%
AVERAGE LIST PRICE PER SQUARE FOOT
6%
0%
-3%
8%
AVERAGE SOLD PRICE
9%
0%
0%
-5%
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH SEP/SEP COMPARISON
5%
0%
-4%
9%
TOTAL SFH SOLD
-23%
0%
-38%
3%
TOTAL SFH FOR SALE AT END OF PERIOD
24%
0%
6%
38%
AVERAGE MONTHLY SUPPLY OF INVENTORY
61%
0%
71%
33%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
0%
-1%
1%
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
46
PACIFIC PALISADES
CONDOMINIUM SALES SEPTEMBER MARKET OVERVIEW
In Pacific Palisades there were 22 single family home sales in September 2015, down from 26 in September 2014 and a 4% decrease from the 23 sales closed last month. The average list price for single family home sales in September 2015 was $3,767,727 compared to $4,304,077 for September 2014, representing a 12% decrease. For the three-month period from July to September 2015, the average list price was 9% higher than the same period of the prior year. Average sales price for September 2015 was $3,700,242, compared to that of July through September 2015, which was $3,757,602. These results indicate that the sale price is trending down. Comparing September 2015 to August 2015, Pacific Palisades saw a 2% increase in average sale price, but a 12% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,037,458
$836,077
$1,275,455
$-
$624.05
$594.00
$649.51
$-
$1,047,052
$839,742
$1,292,055
$-
$629.82
$596.60
$657.96
$-
TOTAL CONDOS SOLD
24
13
11
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
19
13
6
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.4
3.0
1.6
-
101%
100%
101%
0%
ALL
< $1M
$1M - $3M
> $3M
$874,848
$815,125
$1,273,000
$-
$510.92
$502.53
$550.13
$-
$862,554
$802,338
$1,264,000
$-
$503.74
$494.64
$546.24
$-
23
20
3
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JUL - SEP 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
9
3
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.6
1.4
3.0
-
99%
98%
99%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
SEP/SEP COMPARISON
19%
3%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
22%
18%
18%
0%
AVERAGE SOLD PRICE
21%
5%
2%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
25%
21%
20%
0%
4%
-35%
267%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
58%
44%
100%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
52%
122%
-45%
0%
2%
2%
2%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
47
PALMS - MAR VISTA
SINGLE FAMILY HOME SALES Adjacent to Culver City and minutes from the ocean and UCLA is the community of Palms – Mar Vista. Named after its magnificent views of the ocean along its hilly border near Santa Monica, Palms – Mar Vista is one of the oldest communities in Los Angeles and one of the least dense in all of West Los Angeles. Palms – Mar Vista is full of homes built during the 1920s and 1930s as well as an abundance of wonderfully preserved mid-century modern architecture. Those seeking 1920s homes, 1930s homes and mid-century modern architecture can also enjoy the area’s Mar Vista Park, covering an entire city block with a new recreation center and roller hockey rink. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,322,654
$811,450
$1,439,831
$3,195,000
$703.11
$675.11
$705.32
$798.75
$1,345,535
$848,442
$1,461,555
$3,000,000
$715.12
$705.89
$715.77
$750.00
TOTAL SFH SOLD
103
22
80
1
TOTAL SFH FOR SALE AT END OF PERIOD
46
10
36
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.3
1.4
1.4
-
102%
105%
102%
94%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL - SEP 2014
ALL
< $1M
$1M - $3M
> $3M
$1,090,484
$841,063
$1,458,053
$-
$653.36
$648.25
$658.14
$-
$1,094,753
$847,076
$1,459,750
$-
$656.78
$652.76
$660.53
$-
TOTAL SFH SOLD
94
56
38
-
TOTAL SFH FOR SALE AT END OF PERIOD
54
16
38
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.7
0.9
3.0
-
100%
101%
100%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
21%
-4%
-1%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
8%
4%
7%
0%
23%
0%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
9%
8%
8%
0%
TOTAL SFH SOLD
10%
-61%
111%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-15%
-38%
-5%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-22%
59%
-55%
0%
1%
4%
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 SEP/SEP COMPARISON
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
48
PALMS - MAR VISTA
CONDOMINIUM SALES SEPTEMBER MARKET OVERVIEW
In Palms - Mar Vista there were 25 single family home sales in September 2015, down from 28 in September 2014 and a 26% decrease from the 34 sales closed last month. The average list price for single family home sales in September 2015 was $1,349,000 compared to $1,078,954 for September 2014, representing a 25% increase. For the three-month period from July to September 2015, the average list price was 21% higher than the same period of the prior year. Average sales price for September 2015 was $1,379,720, compared to that of July through September 2015, which was $1,345,535. These results indicate that the sale price is trending up. Comparing September 2015 to August 2015, Palms - Mar Vista saw a 2% increase in average sale price, and a 29% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL - SEP 2015
$517,384
$517,384
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$524.55
$524.55
$-
$-
$524,305
$524,305
$-
$-
AVERAGE SOLD PRICE
$531.57
$531.57
$-
$-
TOTAL CONDOS SOLD
38
38
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
14
14
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.1
1.1
-
-
101%
101%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$587,197
$570,932
$1,189,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$469.15
$463.94
$586.00
$-
AVERAGE SOLD PRICE
$574,179
$559,454
$1,119,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$458.74
$454.61
$551.50
$-
38
37
1
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JUL - SEP 2014
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
32
32
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.5
2.6
-
-
98%
98%
94%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
SEP/SEP COMPARISON
-12%
-9%
-100%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
12%
13%
-100%
0%
AVERAGE SOLD PRICE
-9%
-6%
-100%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
16%
17%
-100%
0%
0%
3%
-100%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-56%
-56%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-56%
-57%
0%
0%
4%
3%
-100%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
49
PLAYA DEL REY
SINGLE FAMILY HOME SALES Playa Del Rey is a bedroom community along the beach, south and adjacent to the Marina Del Rey harbor channel. Its early history dates back to a land grant in 1839 from the Mexican governor. Today Playa Del Rey real estate includes a mix of 1920’s homes, beach cottages from the 1940’s and multi-million dollar elegant new houses. Only 10 minutes from Los Angeles International Airport, Playa Del Rey also is home to Dockweiler Beach Park, a popular short term camping area for recreational vehicles. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,771,222
$899,000
$1,613,143
$3,750,000
$601.64
$1,208.33
$609.23
$519.61
$1,737,889
$955,000
$1,605,143
$3,450,000
$590.32
$1,283.60
$606.20
$478.04
TOTAL SFH SOLD
9
1
7
1
TOTAL SFH FOR SALE AT END OF PERIOD
10
1
8
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.3
3.0
3.4
3.0
98%
106%
100%
92%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL - SEP 2014
ALL
< $1M
$1M - $3M
> $3M
$1,314,083
$899,500
$1,397,000
$-
$621.14
$560.09
$629.99
$-
$1,311,667
$871,500
$1,399,700
$-
$620.00
$542.65
$631.21
$-
TOTAL SFH SOLD
12
2
10
-
TOTAL SFH FOR SALE AT END OF PERIOD
16
1
11
4
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
4.0
1.5
3.3
-
100%
97%
100%
0%
ALL
< $1M
$1M - $3M
> $3M
SFH SEP/SEP COMPARISON AVERAGE LIST PRICE
35%
0%
15%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
-3%
116%
-3%
0%
AVERAGE SOLD PRICE
32%
10%
15%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
-5%
137%
-4%
0%
TOTAL SFH SOLD
-25%
-50%
-30%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-38%
0%
-27%
-75%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-17%
100%
4%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-2%
10%
-1%
0% (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 SEPTEMBER MARKET OVERVIEW
In Playa Del Rey there were 13 condominium sales in September 2015, up from 12 in September 2014 and a 18% increase from the 11 sales closed last month. The average list price for condo sales in September 2015 was $682,842 compared to $507,833 for September 2014, representing a 34% increase. For the three-month period from July to September 2015, the average list price was 23% higher than the same period of the prior year. Average sales price for September 2015 was $684,137, compared to that of July through September 2015, which was $617,783. These results indicate that the sale price is trending up. Comparing September 2015 to August 2015, Playa Del Rey saw a 27% increase in average sale price, and a 37% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL - SEP 2015
$618,012
$515,487
$1,779,967
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$556.00
$492.79
$960.24
$-
AVERAGE SOLD PRICE
$617,783
$519,947
$1,726,592
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$555.79
$497.05
$931.45
$-
TOTAL CONDOS SOLD
37
34
3
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
14
9
5
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.1
0.8
5.0
-
100%
101%
97%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$501,733
$501,733
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$436.59
$436.59
$-
$-
$498,256
$498,256
$-
$-
$433.56
$433.56
$-
$-
42
42
-
-
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JUL - SEP 2014
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
24
22
2
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.7
1.6
-
-
99%
99%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
SEP/SEP COMPARISON
23%
3%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
27%
13%
0%
0%
AVERAGE SOLD PRICE
24%
4%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
28%
15%
0%
0%
TOTAL CONDOS SOLD
-12%
-19%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-42%
-59%
150%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-34%
-49%
0%
0%
1%
2%
0%
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) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,647,986
$-
$1,647,986
$-
$581.01
$-
$581.01
$-
$1,616,857
$-
$1,616,857
$-
$570.03
$-
$570.03
$-
TOTAL SFH SOLD
7
-
7
-
TOTAL SFH FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
98%
0%
98%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL - SEP 2014
ALL
< $1M
$1M - $3M
> $3M
$1,207,000
$829,000
$1,333,000
$-
$492.95
$549.01
$482.74
$-
$1,189,750
$829,000
$1,310,000
$-
$485.91
$549.01
$474.41
$-
TOTAL SFH SOLD
4
1
3
-
TOTAL SFH FOR SALE AT END OF PERIOD
1
-
1
-
0.8
-
1.0
-
99%
100%
98%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
37%
-100%
24%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
18%
-100%
20%
0%
AVERAGE SOLD PRICE
36%
-100%
23%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
17%
-100%
20%
0%
TOTAL SFH SOLD
75%
-100%
133%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
-100%
0%
-100%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-100%
0%
-100%
0%
0%
-100%
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 SEP/SEP 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 SEPTEMBER MARKET OVERVIEW
In Playa Vista there were 11 condominium sales in September 2015, down from 16 in September 2014 and a 175% increase from the 4 sales closed last month. The average list price for condo sales in September 2015 was $768,545 compared to $885,519 for September 2014, representing a 13% decrease. For the three-month period from July to September 2015, the average list price was 5% higher than the same period of the prior year. Average sales price for September 2015 was $769,727, compared to that of July through September 2015, which was $842,696. These results indicate that the sale price is trending down. Comparing September 2015 to August 2015, Playa Vista saw a 32% decrease in average sale price, and a 12% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL - SEP 2015
$828,174
$737,684
$1,258,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$510.86
$524.73
$475.84
$-
$842,696
$746,211
$1,301,000
$-
$519.82
$530.79
$492.10
$-
23
19
4
-
4
2
2
-
0.5
0.3
1.5
-
102%
101%
103%
0%
ALL
< $1M
$1M - $3M
> $3M
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 JUL - SEP 2014
$788,456
$719,343
$1,594,770
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$472.89
$456.22
$585.45
$-
AVERAGE SOLD PRICE
$781,388
$712,500
$1,585,084
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$468.65
$451.88
$581.90
$-
38
35
3
-
AVERAGE LIST PRICE
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
17
16
1
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.3
1.4
1.0
-
99%
99%
99%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
SEP/SEP COMPARISON
5%
3%
-21%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
8%
15%
-19%
0%
AVERAGE SOLD PRICE
8%
5%
-18%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
11%
17%
-15%
0%
TOTAL CONDOS SOLD
-39%
-46%
33%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-76%
-88%
100%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-61%
-77%
50%
0%
3%
2%
4%
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) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,938,903
$875,000
$1,728,115
$5,187,000
$1,162.37
$776.40
$1,041.84
$1,260.46
$2,855,077
$870,000
$1,751,768
$4,908,152 $1,184.50
$1,125.94
$771.96
$1,056.14
TOTAL SFH SOLD
65
1
41
23
TOTAL SFH FOR SALE AT END OF PERIOD
66
3
24
39
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.0
9.0
1.8
5.1
97%
99%
101%
95%
ALL
< $1M
$1M - $3M
> $3M
$2,112,867
$900,800
$1,715,151
$3,709,294
SFH JUL - SEP 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
$945.24
$928.47
$921.00
$987.66
$2,102,981
$902,200
$1,726,598
$3,629,581
$941.73
$929.91
$927.45
$966.90
TOTAL SFH SOLD
75
5
53
17
TOTAL SFH FOR SALE AT END OF PERIOD
45
2
21
22
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
1.8
1.2
1.2
3.9
100%
100%
101%
98%
ALL
< $1M
$1M - $3M
> $3M
SFH SEP/SEP COMPARISON AVERAGE LIST PRICE
39%
-3%
1%
40%
AVERAGE LIST PRICE PER SQUARE FOOT
23%
-16%
13%
28%
AVERAGE SOLD PRICE
36%
-4%
1%
35%
AVERAGE SOLD PRICE PER SQUARE FOOT
20%
-17%
14%
23%
TOTAL SFH SOLD
-13%
-80%
-23%
35%
TOTAL SFH FOR SALE AT END OF PERIOD
47%
50%
14%
77%
AVERAGE MONTHLY SUPPLY OF INVENTORY
69%
650%
48%
31%
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
54
SANTA MONICA
CONDOMINIUM SALES SEPTEMBER MARKET OVERVIEW
In Santa Monica there were 42 condominium sales in September 2015, up from 41 in September 2014 and a 13% decrease from the 48 sales closed last month. The average list price for condo sales in September 2015 was $1,175,540 compared to $1,405,674 for September 2014, representing a 16% decrease. For the three-month period from July to September 2015, the average list price was 5% lower than the same period of the prior year. Average sales price for September 2015 was $1,175,905, compared to that of July through September 2015, which was $1,201,975. These results indicate that the sale price is trending down. Comparing September 2015 to August 2015, Santa Monica saw a 11% decrease in average sale price, and a 15% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,225,636
$706,931
$1,556,656
$8,600,000
$894.37
$685.86
$914.79
$3,170.51
$1,201,975
$717,307
$1,535,224
$7,350,000
$876.76
$695.72
$901.95
$2,709.68
TOTAL CONDOS SOLD
132
68
62
2
TOTAL CONDOS FOR SALE AT END OF PERIOD
75
18
50
7
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.7
0.8
2.4
10.5
98%
101%
99%
85%
ALL
< $1M
$1M - $3M
> $3M
$1,286,106
$698,883
$1,603,750
$5,451,000
$935.46
$610.94
$1,047.88
$2,095.41
$1,285,723
$705,337
$1,607,711
$5,302,400
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JUL - SEP 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$934.91
$616.58
$1,049.95
$2,038.29
TOTAL CONDOS SOLD
136
69
62
5
TOTAL CONDOS FOR SALE AT END OF PERIOD
108
41
55
12
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.4
1.8
2.7
7.2
100%
101%
100%
97%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
SEP/SEP COMPARISON
-5%
1%
-3%
58%
AVERAGE LIST PRICE PER SQUARE FOOT
-4%
12%
-13%
51% 39%
AVERAGE SOLD PRICE
-7%
2%
-5%
AVERAGE SOLD PRICE PER SQUARE FOOT
-6%
13%
-14%
33%
TOTAL CONDOS SOLD
-3%
-1%
0%
-60%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-31%
-56%
-9%
-42%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-28%
-55%
-9%
46%
-2%
1%
-2%
-12%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
55
SILVERLAKE - ECHO PARK
SINGLE FAMILY HOME SALES
The hilly neighborhood of Silverlake can be found east of Hollywood and northwest of Downtown Los Angeles. Silverlake is the home of its namesake reservoir and its reputable music scene. The community is both socioeconomically and ethnically diverse bringing it tremendous character. Echo Park is one of Los Angeles’ most long-established neighborhoods, finding its origin in the late 1880’s. Its rolling hills and steep bluffs enrich this prime location featuring Craftsman-style homes, Spanish-style bungalows, and modern architecture. This Eastside enclave is the home to the annual Lotus Festival, the Cuban Festival, and historic Filipinotown as well as many famous residents. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$835,058
$713,319
$1,236,795
$-
$574.30
$546.24
$635.39
$-
$866,868
$747,396
$1,261,125
$-
$595.85
$571.95
$647.89
$-
TOTAL SFH SOLD
86
66
20
-
TOTAL SFH FOR SALE AT END OF PERIOD
82
60
22
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.9
2.7
3.3
-
104%
105%
102%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL - SEP 2014
$811,863
$652,581
$1,280,861
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$545.53
$546.09
$544.71
$-
AVERAGE SOLD PRICE
$847,213
$669,357
$1,370,900
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$568.96
$559.26
$583.00
$-
TOTAL SFH SOLD
71
53
18
-
TOTAL SFH FOR SALE AT END OF PERIOD
55
35
20
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.3
2.0
3.3
-
104%
103%
107%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH SEP/SEP COMPARISON AVERAGE LIST PRICE
3%
9%
-3%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
5%
0%
17%
0%
AVERAGE SOLD PRICE
2%
12%
-8%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
5%
2%
11%
0%
TOTAL SFH SOLD
21%
25%
11%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
49%
71%
10%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
23%
38%
-1%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-1%
2%
-5%
0% (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 SEPTEMBER MARKET OVERVIEW
In Silver Lake - Echo Park there were 34 single family home sales in September 2015, up from 25 in September 2014 and a 42% increase from the 24 sales closed last month. The average list price for single family home sales in September 2015 was $821,308 almost matching $789,036 for September 2014. For the three-month period from July to September 2015, the average list price was 3% higher than the same period of the prior year. Average sales price for September 2015 was $858,236, compared to that of July through September 2015, which was $866,868. These results indicate that the sale price is trending down. Comparing September 2015 to August 2015, Silver Lake - Echo Park saw a 6% decrease in average sale price, but a 2% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$648,983
$623,924
$1,075,000
$-
$499.54
$492.76
$577.96
$-
$668,603
$644,109
$1,085,000
$-
$514.64
$508.70
$583.33
$-
TOTAL CONDOS SOLD
18
17
1
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
9
9
-
-
1.5
1.6
-
-
103%
103%
101%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$557,000
$557,000
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$422.48
$422.48
$-
$-
$569,394
$569,394
$-
$-
$431.88
$431.88
$-
$-
10
10
-
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JUL - SEP 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
4
4
-
1.2
1.2
-
-
102%
102%
0%
0%
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
SEP/SEP COMPARISON
17%
12%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
18%
17%
0%
0%
AVERAGE SOLD PRICE
17%
13%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
19%
18%
0%
0%
TOTAL CONDOS SOLD
80%
70%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
125%
125%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
25%
32%
0%
0%
1%
1%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
57
SUNSET STRIP-HOLLYWOOD HILLS SINGLE FAMILY HOME SALES The Sunset Strip is the world famous stretch of Sunset Boulevard in West Hollwood that stretches from Hollywood to Beverly Hills. The Strip, which includes Sunset Plaza, is known for its famous collection of shops and boutiques, cafes and restaurants, rock joints, and night clubs. It is easily idenifiable with its colorful collection of billboards and is located at the base of the Hollywood Hills and is just below the famed “Bird Streets” – from Blue Jay, Tanager and Thrush Ways to Nightingale, and Kinglet Drives - a favorite area of A-List celebrities from Hollywood stars to the most well known international music acts to call home. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,125,511
$800,952
$1,811,157
$6,197,286
$869.15
$663.88
$755.06
$1,549.62
$2,076,012
$799,364
$1,798,991
$5,859,571 $1,473.77
$853.65
$662.56
$750.37
TOTAL SFH SOLD
115
25
76
14
TOTAL SFH FOR SALE AT END OF PERIOD
209
14
115
80
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
5.5
1.7
4.5
17.1
98%
100%
99%
95%
ALL
< $1M
$1M - $3M
> $3M
$2,423,757
$830,764
$1,834,257
$5,652,500
SFH JUL - SEP 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$887.98
$537.70
$720.75
$1,331.86
$2,306,866
$811,478
$1,767,574
$5,295,518
$693.08
$1,243.22 24
$843.28
$525.21
TOTAL SFH SOLD
118
22
72
TOTAL SFH FOR SALE AT END OF PERIOD
191
22
102
67
AVERAGE MONTHLY SUPPLY OF INVENTORY
4.9
3.0
4.3
8.4
95%
98%
96%
94%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH SEP/SEP COMPARISON AVERAGE LIST PRICE
-12%
-4%
-1%
10%
AVERAGE LIST PRICE PER SQUARE FOOT
-2%
23%
5%
16%
AVERAGE SOLD PRICE
-10%
-1%
2%
11%
AVERAGE SOLD PRICE PER SQUARE FOOT
1%
26%
8%
19%
TOTAL SFH SOLD
-42%
-3%
14%
6%
TOTAL SFH FOR SALE AT END OF PERIOD
9%
-36%
13%
19%
AVERAGE MONTHLY SUPPLY OF INVENTORY
12%
-44%
7%
105%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3%
2%
3%
1% (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
SEPTEMBER MARKET OVERVIEW In Sunset Strip - Hollywood Hills West there were 29 single family home sales in September 2015, down from 33 in September 2014 and a 42% decrease from the 50 sales closed last month. The average list price for single family home sales in September 2015 was $2,050,410 compared to $3,189,918 for September 2014, representing a 36% decrease. For the three-month period from July to September 2015, the average list price was 12% lower than the same period of the prior year. Average sales price for September 2015 was $2,031,810, compared to that of July through September 2015, which was $2,076,012. These results indicate that the sale price is trending down. Comparing September 2015 to August 2015, Sunset Strip - Hollywood Hills West was flat in average sale price, but a 31% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL - SEP 2015
$631,603
$499,288
$1,778,333
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$540.92
$454.66
$1,004.71
$-
AVERAGE SOLD PRICE
$617,707
$495,712
$1,675,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$-
$529.01
$451.40
$946.33
TOTAL CONDOS SOLD
29
26
3
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
28
23
3
2
2.9
2.7
3.0
-
98%
99%
94%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
$543,875
$450,348
$2,695,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$509.43
$432.47
$1,611.84
$-
$542,229
$446,239
$2,750,000
$-
$507.88
$428.52
$1,644.74
$-
24
23
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JUL - SEP 2014
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
24
21
3
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.0
2.7
9.0
-
100%
99%
102%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
SEP/SEP COMPARISON
16%
11%
-34%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
6%
5%
-38%
0%
AVERAGE SOLD PRICE
14%
11%
-39%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
4%
5%
-42%
0%
TOTAL CONDOS SOLD
21%
13%
200%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
17%
10%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-3%
-3%
-67%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-2%
0%
-8%
0%
(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) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,183,077
$737,200
$1,650,700
$3,195,000
$518.90
$440.13
$593.91
$480.16
$1,155,442
$705,567
$1,626,300
$3,195,000 $480.16
$506.44
$419.67
$585.13
TOTAL SFH SOLD
26
15
10
1
TOTAL SFH FOR SALE AT END OF PERIOD
49
17
25
7
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
5.7
3.4
7.5
21.0
98%
96%
99%
100%
SFH JUL - SEP 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
ALL
< $1M
$1M - $3M
> $3M
$1,182,800
$731,500
$1,599,385
$-
$553.39
$478.23
$592.72
$-
$1,144,116
$709,117
$1,545,654
$-
$535.29
$463.60
$572.81
$-
25
12
13
-
TOTAL SFH FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
97%
97%
97%
0%
ALL
< $1M
$1M - $3M
> $3M
TOTAL SFH SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH SEP/SEP COMPARISON AVERAGE LIST PRICE
0%
1%
3%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
-6%
-8%
0%
0%
AVERAGE SOLD PRICE
1%
-1%
5%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
-5%
-9%
2%
0%
TOTAL SFH SOLD
4%
25%
-23%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
0%
0%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
0%
0%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
1%
-1%
2%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
60
TOPANGA
CONDOMINIUM SALES SEPTEMBER MARKET OVERVIEW
In Topanga there were 7 single family home sales in September 2015, down from 8 in September 2014 and a 17% increase from the 6 sales closed last month. The average list price for single family home sales in September 2015 was $1,311,143 compared to $883,625 for September 2014, representing a 48% increase. For the three-month period from July to September 2015, the average list price was flat compared to the same period of the prior year. Average sales price for September 2015 was $1,294,286, compared to that of July through September 2015, which was $1,155,442. These results indicate that the sale price is trending up. Comparing September 2015 to August 2015, Topanga saw a 33% increase in average sale price, and a 53% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
JUL - SEP 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
2
2
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-
-
-
-
0%
0%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
CONDOS JUL - SEP 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
SEP/SEP COMPARISON
0%
0%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
0%
0%
0%
0%
AVERAGE SOLD PRICE
0%
0%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
0%
0%
0%
0%
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)
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) JUL - SEP 2015
ALL
< $1M
$1M - $3M
> $3M
$1,915,822
$-
$1,813,116
$4,124,000
AVERAGE LIST PRICE PER SQUARE FOOT
$1,022.80
$-
$1,003.12
$1,243.85
AVERAGE SOLD PRICE
$1,895,649
$-
$1,803,587
$3,875,000 $1,168.75
AVERAGE LIST PRICE
$1,012.84
$-
$998.96
TOTAL SFH SOLD
45
-
43
2
TOTAL SFH FOR SALE AT END OF PERIOD
52
3
35
14
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.5
-
2.4
21.0
99%
0%
99%
94%
ALL
< $1M
$1M - $3M
> $3M
$1,804,382
$948,500
$1,800,640
$4,445,000
SFH JUL - SEP 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
$1,042.78
$836.79
$1,026.91
$1,439.68
AVERAGE SOLD PRICE
$1,807,062
$942,000
$1,812,947
$4,287,500
AVERAGE SOLD PRICE PER SQUARE FOOT
$1,045.64
$831.05
$1,035.68
$1,388.66
TOTAL SFH SOLD
47
6
39
2
TOTAL SFH FOR SALE AT END OF PERIOD
36
2
29
5
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.3
1.0
2.2
7.5
100%
99%
101%
96%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
6%
-100%
1%
-7%
AVERAGE LIST PRICE PER SQUARE FOOT
-2%
-100%
-2%
-14%
AVERAGE SOLD PRICE
5%
-100%
-1%
-10%
AVERAGE SOLD PRICE PER SQUARE FOOT
-3%
-100%
-4%
-16%
TOTAL SFH SOLD
-4%
-100%
10%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
44%
50%
21%
180%
AVERAGE MONTHLY SUPPLY OF INVENTORY
51%
-100%
9%
180%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
-1%
-100%
-1%
-3%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH SEP/SEP COMPARISON
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
62
VENICE
CONDOMINIUM SALES SEPTEMBER MARKET OVERVIEW
In Venice there were 20 single family home sales in September 2015, up from 8 in September 2014 and a 122% increase from the 9 sales closed last month. The average list price for single family home sales in September 2015 was $1,939,600 compared to $1,507,625 for September 2014, representing a 29% increase. For the three-month period from July to September 2015, the average list price was 6% higher than the same period of the prior year. Average sales price for September 2015 was $1,876,393, compared to that of July through September 2015, which was $1,895,649. These results indicate that the sale price is trending down. Comparing September 2015 to August 2015, Venice saw a 1% decrease in average sale price, but a 29% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,486,600
$-
$1,486,600
$-
$748.01
$-
$748.01
$-
$1,468,500
$-
$1,468,500
$$-
$738.91
$-
$738.91
TOTAL CONDOS SOLD
10
-
10
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
15
2
12
1
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
4.5
-
3.6
-
99%
0%
99%
0%
ALL
< $1M
$1M - $3M
> $3M
$1,209,500
$803,750
$1,480,000
$-
$719.47
$589.58
$781.83
$-
$1,202,700
$801,000
$1,470,500
$-
$715.42
$587.57
$776.81
$-
10
4
6
-
CONDOS JUL - SEP 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
24
8
16
AVERAGE MONTHLY SUPPLY OF INVENTORY
7.2
6.0
8.0
-
99%
100%
99%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS SEP/SEP COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
ALL
< $1M
$1M - $3M
> $3M
23%
-100%
0%
0%
4%
-100%
-4%
0%
22%
-100%
0%
0%
3%
-100%
-5%
0%
0%
-100%
67%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-38%
-75%
-25%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-38%
-100%
-55%
0%
-1%
-100%
-1%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (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) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,470,514
$810,500
$1,455,110
$3,620,000
$899.28
$784.61
$938.59
$848.27
$1,471,224
$844,250
$1,458,919
$3,487,500 $817.22
$898.77
$817.28
$939.96
TOTAL SFH SOLD
30
6
22
2
TOTAL SFH FOR SALE AT END OF PERIOD
32
5
23
4
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.2
2.5
3.1
6.0
100%
104%
100%
96%
SFH JUL - SEP 2014
ALL
< $1M
$1M - $3M
> $3M
$1,253,242
$835,682
$1,482,900
$-
$816.03
$828.19
$811.50
$-
$1,247,232
$829,409
$1,477,035
$-
$813.18
$823.00
$809.52
$-
TOTAL SFH SOLD
31
11
20
-
TOTAL SFH FOR SALE AT END OF PERIOD
28
3
21
4
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
2.7
0.8
3.2
-
100%
99%
100%
0%
ALL
< $1M
$1M - $3M
> $3M
SFH SEP/SEP COMPARISON AVERAGE LIST PRICE
17%
-3%
-2%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
10%
-5%
16%
0%
AVERAGE SOLD PRICE
18%
2%
-1%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
11%
-1%
16%
0%
TOTAL SFH SOLD
-3%
-45%
10%
0%
TOTAL SFH FOR SALE AT END OF PERIOD
14%
67%
10%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
18%
206%
0%
0%
1%
5%
1%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
64
WEST HOLLYWOOD
CONDOMINIUM SALES SEPTEMBER MARKET OVERVIEW
In West Hollywood Vicinity there were 34 condominium sales in September 2015, up from 26 in September 2014 and a 6% decrease from the 36 sales closed last month. The average list price for condo sales in September 2015 was $768,376 compared to $656,054 for September 2014, representing a 17% increase. For the three-month period from July to September 2015, the average list price was 17% higher than the same period of the prior year. Average sales price for September 2015 was $747,671, compared to that of July through September 2015, which was $758,716. These results indicate that the sale price is trending down. Comparing September 2015 to August 2015, West Hollywood Vicinity saw a 5% decrease in average sale price, but a 16% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL - SEP 2015
$773,576
$603,465
$1,507,737
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$628.91
$564.27
$781.79
$-
AVERAGE SOLD PRICE
$758,716
$596,041
$1,460,789
$-
$616.74
$557.25
$757.44
$-
TOTAL CONDOS SOLD
101
82
19
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
75
52
23
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.2
1.9
3.6
-
98%
99%
97%
0%
ALL
< $1M
$1M - $3M
> $3M
$658,940
$602,934
$1,212,778
$-
$538.32
$519.07
$655.20
$-
$649,080
$595,560
$1,178,333
$-
$530.12
$512.59
$636.59
$-
98
89
9
-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JUL - SEP 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
98
82
16
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.0
2.8
5.3
-
99%
99%
97%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
SEP/SEP COMPARISON
17%
0%
24%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
17%
9%
19%
0%
AVERAGE SOLD PRICE
17%
0%
24%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
16%
9%
19%
0%
3%
-8%
111%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-23%
-37%
44%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-26%
-31%
-32%
0%
0%
0%
0%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
65
WEST LOS ANGELES
SINGLE FAMILY HOME SALES Surrounded by Santa Monica, Beverly Hills, the ocean and the Santa Monica Mountains is the city of West Los Angeles, known for its 1920s, mid-century and contemporary architecture. With its rolling hills and proximity to the ocean, West Los Angeles was originally developed as an upscale community and is still considered one of the most desirable areas to live in Los Angeles today. With its central location between Los Angeles and the ocean, West Los Angeles has attracted a diverse range of commercial development to add to its 1920s through mid-century and contemporary architecture. The area is home to some of the world’s finest shopping. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$999,530
$781,257
$1,251,385
$-
$649.23
$687.81
$625.55
$-
$1,028,475
$798,267
$1,294,100
$-
$669.61
$706.62
$646.90
$-
TOTAL SFH SOLD
28
15
13
-
TOTAL SFH FOR SALE AT END OF PERIOD
15
4
11
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.6
0.8
2.5
-
103%
102%
103%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
JUL - SEP 2014
$967,022
$821,821
$1,402,625
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$651.96
$655.75
$645.40
$-
$968,373
$830,956
$1,380,625
$-
$652.87
$663.04
$635.28
$-
TOTAL SFH SOLD
32
24
8
-
TOTAL SFH FOR SALE AT END OF PERIOD
22
14
8
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.1
1.8
3.0
-
100%
101%
98%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
3%
-5%
-11%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
0%
5%
-3%
0%
AVERAGE SOLD PRICE
6%
-4%
-6%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
3%
7%
2%
0%
-13%
-38%
63%
0%
AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH SEP/SEP COMPARISON
TOTAL SFH SOLD TOTAL SFH FOR SALE AT END OF PERIOD
-32%
-71%
38%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-22%
-54%
-15%
0%
3%
1%
5%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
66
WEST LOS ANGELES
CONDOMINIUM SALES SEPTEMBER MARKET OVERVIEW
In West Los Angeles there were 16 condominium sales in September 2015, up from 13 in September 2014 and a 23% increase from the 13 sales closed last month. The average list price for condo sales in September 2015 was $699,563 compared to $619,138 for September 2014, representing a 13% increase. For the three-month period from July to September 2015, the average list price was 24% higher than the same period of the prior year. Average sales price for September 2015 was $710,693, compared to that of July through September 2015, which was $759,131. These results indicate that the sale price is trending down. Comparing September 2015 to August 2015, West Los Angeles saw a 16% decrease in average sale price, but a 14% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JUL - SEP 2015
ALL
< $1M
$1M - $3M
> $3M
$754,240
$726,788
$1,317,000
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$501.21
$500.07
$514.45
$-
AVERAGE SOLD PRICE
$759,131
$734,698
$1,260,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE LIST PRICE
$504.46
$505.52
$492.19
$-
TOTAL CONDOS SOLD
43
41
2
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
28
27
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.0
2.0
1.5
-
101%
101%
96%
0%
ALL
< $1M
$1M - $3M
> $3M
$605,853
$605,853
$-
$-
$458.17
$458.17
$-
$-
$608,492
$608,492
$-
$-
$460.16
$460.16
$-
$-
TOTAL CONDOS SOLD
53
53
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
30
29
1
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.7
1.6
-
-
100%
100%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JUL - SEP 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
SEP/SEP COMPARISON
24%
20%
0%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
9%
9%
0%
0%
AVERAGE SOLD PRICE
25%
21%
0%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
10%
10%
0%
0%
TOTAL CONDOS SOLD
-19%
-23%
0%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-7%
-7%
0%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
15%
20%
0%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
0%
1%
0%
0%
(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) JUL - SEP 2015
ALL
< $1M
$1M - $3M
> $3M
$989,480
$831,115
$1,260,964
$-
$586.53
$571.63
$603.87
$-
$1,008,334
$846,466
$1,285,821
$-
$598.17
$583.04
$615.77
$-
76
48
28
-
TOTAL SFH FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
102%
102%
102%
0%
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL SFH SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH JUL - SEP 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT
ALL
< $1M
$1M - $3M
> $3M
$889,168
$783,351
$1,333,600
$-
$512.55
$524.34
$485.89
$-
$892,010
$787,012
$1,333,005
$-
$514.11
$526.69
$485.67
$-
104
84
20
-
TOTAL SFH FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
100%
100%
100%
0%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
11%
6%
-5%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
14%
9%
24%
0%
AVERAGE SOLD PRICE
13%
8%
-4%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
16%
11%
27%
0%
TOTAL SFH SOLD
-27%
-43%
40%
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
2%
1%
2%
0%
TOTAL SFH SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH SEP/SEP COMPARISON
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
68
WESTCHESTER
CONDOMINIUM SALES SEPTEMBER MARKET OVERVIEW
In Westchester there were 21 single family home sales in September 2015, down from 29 in September 2014 and a 16% decrease from the 25 sales closed last month. The average list price for single family home sales in September 2015 was $921,024 almost matching $892,052 for September 2014. For the three-month period from July to September 2015, the average list price was 11% higher than the same period of the prior year. Average sales price for September 2015 was $924,875, compared to that of July through September 2015, which was $1,008,334. These results indicate that the sale price is trending down. Comparing September 2015 to August 2015, Westchester saw a 15% decrease in average sale price, but a 3% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$406,425
$406,425
$-
$-
$359.47
$359.47
$-
$-
$406,625
$406,625
$-
$-
$359.65
$359.65
$-
$-
TOTAL CONDOS SOLD
8
8
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
1
1
-
-
0.4
0.4
-
-
100%
100%
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 JUL - SEP 2014
$398,633
$398,633
$-
$-
AVERAGE LIST PRICE PER SQUARE FOOT
$340.76
$340.76
$-
$-
AVERAGE SOLD PRICE
$398,317
$398,317
$-
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$340.49
$340.49
$-
$-
6
6
-
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
100%
100%
0%
0%
ALL
< $1M
$1M - $3M
> $3M
2%
2%
0%
0%
AVERAGE LIST PRICE
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS SEP/SEP COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
5%
5%
0%
0%
AVERAGE SOLD PRICE
2%
2%
0%
0% 0%
6%
6%
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
0%
0%
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) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,085,675
$999,000
$1,651,109
$4,611,625
$812.62
$665.56
$741.41
$1,005.23
$2,121,878
$875,000
$1,681,173
$4,701,618 $1,024.85
$827.49
$582.94
$755.99
TOTAL SFH SOLD
53
1
44
8
TOTAL SFH FOR SALE AT END OF PERIOD
40
-
29
11
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
2.3
-
2.0
4.1
102%
88%
102%
102%
SFH JUL - SEP 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$2,203,379
$-
$1,846,750
$3,915,200
$789.92
$-
$726.86
$974.85
$2,211,059
$-
$1,862,753
$3,882,929
$793.20
$-
$734.00
$966.82
TOTAL SFH SOLD
58
-
48
10
TOTAL SFH FOR SALE AT END OF PERIOD
30
-
24
6
AVERAGE MONTHLY SUPPLY OF INVENTORY
1.6
-
1.5
1.8
100%
0%
101%
99%
ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
-5%
0%
-11%
18%
AVERAGE LIST PRICE PER SQUARE FOOT
3%
0%
2%
3%
AVERAGE SOLD PRICE
-4%
0%
-10%
21%
AVERAGE SOLD PRICE PER SQUARE FOOT
4%
0%
3%
6%
TOTAL SFH SOLD
-9%
0%
-8%
-20%
TOTAL SFH FOR SALE AT END OF PERIOD
33%
0%
21%
83%
AVERAGE MONTHLY SUPPLY OF INVENTORY
46%
0%
32%
129%
1%
0%
1%
3%
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
SFH SEP/SEP 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
70
WESTWOOD - CENTURY CITY
CONDOMINIUM SALES SEPTEMBER MARKET OVERVIEW
In Westwood - Century City there were 53 condominium sales in September 2015, down from 55 in September 2014 and a 5% decrease from the 56 sales closed last month. The average list price for condo sales in September 2015 was $1,269,131 compared to $1,103,215 for September 2014, representing a 15% increase. For the three-month period from July to September 2015, the average list price was 5% lower than the same period of the prior year. Average sales price for September 2015 was $1,208,466, compared to that of July through September 2015, which was $1,072,547. These results indicate that the sale price is trending up. Comparing September 2015 to August 2015, Westwood - Century City saw a 24% increase in average sale price, and a 14% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) JUL - SEP 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,101,779
$673,966
$1,518,611
$5,324,000
$669.25
$516.76
$678.51
$1,214.83
$1,072,547
$672,833
$1,473,555
$4,986,250
$651.42
$515.97
$658.38
$1,137.76
TOTAL CONDOS SOLD
162
125
27
10
TOTAL CONDOS FOR SALE AT END OF PERIOD
181
76
74
31
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.4
1.8
8.2
9.3
97%
100%
97%
94%
ALL
< $1M
$1M - $3M
> $3M
$1,156,434
$665,505
$1,669,438
$5,218,667
$682.28
$490.72
$731.47
$1,442.86
$1,116,509
$654,428
$1,571,051
$5,047,000
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS JUL - SEP 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$658.72
$482.56
$688.37
$1,395.40
TOTAL CONDOS SOLD
153
110
34
9
TOTAL CONDOS FOR SALE AT END OF PERIOD
182
84
73
25
AVERAGE MONTHLY SUPPLY OF INVENTORY
3.6
2.3
6.4
8.3
97%
98%
94%
97%
> $3M
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
AVERAGE LIST PRICE
SEP/SEP COMPARISON
-5%
1%
-9%
2%
AVERAGE LIST PRICE PER SQUARE FOOT
-2%
5%
-7%
-16%
AVERAGE SOLD PRICE
-4%
3%
-6%
-1%
AVERAGE SOLD PRICE PER SQUARE FOOT
-1%
7%
-4%
-18%
TOTAL CONDOS SOLD
6%
14%
-21%
11%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-1%
-10%
1%
24%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-6%
-20%
28%
12%
1%
2%
3%
-3%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
71