4th Quarter Report: Los Angeles Area Housing Market
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Transcript of 4th Quarter Report: Los Angeles Area Housing Market
WHAT IS A MARKET WITHIN A MARKET?
Just as the weather is different from Los Feliz to Santa Monica so is the Real Estate climate. While it
may be cloudy & overcast in Marina del Rey, at the same exact time, it may be warm & sunny in
the Mid Wilshire area. The Real Estate market works the same way. Year-to-year there may be a
significant sales increase in Venice while at the same time there is an alarming drop in sales price
from the Palms – Mar Vista area even though they are literally blocks from one another.
With our vast years of experience, we at Keller Williams have come to notice that like the need for
a sweater by the beach and a T-shirt in the Valley, every market within a market has a very different
climate and therefore requires its own set of statistics for you to truly understand what is going on in
your neighborhood. Although you can easily access the broad national, state, and/or country
trends published by the media, they may not have anything to do with what is occurring in your
own backyard. After all, you wouldn’t watch a weather channel report for Seattle to decide if you
need an umbrella that day would you?
WHY THIS BENEFITS YOU – OUR CLIENT
Our extensive experience & knowledge has led us to notice that markets within
markets may be performing in a different way from one another and from national
averages.
With the current stringent lending situation, having knowledge of the specialized
market trends for the neighborhood you are contemplating is vital for true success in
your transaction.
Don’t be mislead by ideas that are not actual facts.
What is in fact occurring in the markets of those areas may be counterintuitive of
notions or ideas you may have perceived from national averages. Knowledge is
power and knowing all the facts will give you the power to make the most educated
choice.
$1,591,625
$701
38
35
213
83
16.43%
$1,918,000
$905
39
47
169
122
27.81%
20.5%
29.1%
2.6%
34.3%
-20.7%
46.4%
69.2%
BEL AIR – HOMBLY HILLS SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$925,000
$508
31
32
112
39
28.57%
$999,500
$520
50
43
84
48
51.19%
8.1%
2.4%
61.3%
34.4%
-25.0%
21.6%
79.2%
BEVERLY CENTER – MIRACLE MILE SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$435,000
$355
8
11
46
38
23.91%
$525,000
$413
13
21
44
36
47.73%
20.7%
16.3%
62.5%
90.9%
-4.3%
-5.7%
99.6%
BEVERLY CENTER – MIRACLE MILE CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$2,195,000
$846
43
33
178
106
18.54%
$3,997,500
$949
61
51
152
90
33.55%
82.1%
12.2%
41.9%
54.5%
14.6%
-14.4%
81.0%
BEVERLY HILLS SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$992,500
$607
18
25
118
84
21.19%
$818,000
$455
22
24
78
84
30.77%
17.6%
-25.0%
22.2%
-4.0%
-33.9%
0.0%
45.2%
BEVERLY HILLS CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$1,696,500
$526
34
37
220
100
10.44%
$1,800,000
$623
39
36
142
74
25.35%
6.1%
18.4%
14.7%
-2.7%
-35.5%
-25.9%
142.8%
BEVERLY HILLS P.O. SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$750,000
$428
33
35
118
50
29.66%
$779,000
$453
37
36
68
59
52.94%
3.9%
5.8%
12.1%
2.9%
-42.4%
18.8%
78.5%
BEVERLYWOOD SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$1,670,625
$616
42
33
200
85
16.50%
$1,667,500
$807
75
62
156
78
39.74%
-0.2%
31.0%
78.6%
87.9%
-22.0%
-7.8%
140.9%
BRENTWOOD SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$515,000
$421
28
22
113
76
19.47%
$685,000
$453
35
39
103
61
37.86%
33.0%
7.6%
25.0%
77.3%
-8.8%
-19.4%
94.5%
BRENTWOOD CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$430,000
$383
2
6
22
22
27.27%
$475,000
$363
11
13
29
51
44.83%
10.5%
-5.2%
450.0%
116.7%
31.8%
131.8%
64.4%
BURBANK SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$NA
$NA
NA
NA
2
NA
NA%
$321,200
$271
2
2
4
11
50.00%
NA%
NA%
NA%
NA%
100.0%
NA%
NA%
BURBANK CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$1,373,500
$536
18
11
49
78
22.45%
$1,378,000
$529
16
12
24
80
50.00%
0.3%
-1.3%
-11.1%
9.1%
-51.0%
3.1%
122.7%
CHEVIOT HILLS-RANCH PARK SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$622,000
$434
32
28
90
57
31.11%
$665,000
$430
52
45
75
65
60.00%
6.9%
-0.9%
62.5%
60.7%
-16.7%
15.2%
92.9%
CULVER CITY SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$269,500
$268
34
32
106
69
30.19%
$311,000
$289
32
36
53
53
67.92%
15.4%
7.8%
-5.9%
12.5%
-50.0%
-22.5%
125.0%
CULVER CITY CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$155,000
$138
23
22
50
72
44.00%
$182,500
$150
12
19
34
110
55.88%
17.7%
8.7%
-47.8%
-13.6%
-32.0%
52.0%
27.0%
DOWNTOWN SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$305,000
$332
65
68
230
74
29.57%
$400,000
$415
95
89
173
77
51.45%
31.1%
25.0%
46.2%
30.9%
-24.8%
3.2%
74.0%
DOWNTOWN CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$916,250
$381
18
15
97
101
15.46%
$752,500
$335
20
18
70
62
25.71%
-17.9%
-12.1%
11.1%
20.0%
-27.8%
-38.5%
66.3%
ENCINO SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$141,000
$173
4
5
15
75
33.33%
$239,000
$191
11
7
13
23
53.85%
69.5%
10.4%
175.0%
40.0%
-13.3%
-69.4%
61.5%
ENCINO CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$920,225
$429
42
42
196
47
21.43%
$1,251,000
$503
64
49
109
80
44.95%
35.9%
17.2%
52.4%
16.7%
-44.4%
70.8%
109.8%
HANCOCK PARK-WILSHIRE SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$350,000
$255
13
11
42
64
26.19%
$664,500
$511
12
6
18
34
33.33%
89.9%
100.4%
-7.7%
-45.5%
-57.1%
-47.2%
27.3%
HOLLYWOOD SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$426,000
$365
26
19
95
116
20.0%
$583,000
$420
40
35
68
73
51.47%
36.9%
15.1%
53.8%
84.2%
-28.4%
-36.6%
157.4%
HOLLYWOOD CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$710,000
$384
24
29
120
68
24.17%
$949,000
$443
43
38
88
63
43.18%
33.7%
15.4%
79.2%
31.0%
-26.7%
-7.6%
78.7%
HOLLYWOOD HILLS EAST SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$805,000
$441
47
45
157
52
28.66%
$895,000
$450
49
48
110
50
43.64%
11.2%
2.0%
4.3%
6.7%
-29.9%
-2.5%
52.2%
LOS FELIZ SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$332,500
$354
12
9
24
47
37.50%
$403,500
$419
6
5
8
119
62.50%
25.1%
18.4%
-50.0%
-44.4%
-66.7%
151.2%
66.7%
LOS FELIZ CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$1,680,000
$741
35
40
330
176
12.12%
$1,950,000
$584
52
43
218
172
19.72%
16.1%
-21.2%
48.6%
7.5%
-33.9%
-2.2%
62.7%
MALIBU SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$8,500,000
$1,643
4
4
126
145
3.17%
$5,450,000
$2,202
15
13
99
232
13.13%
-35.9%
34.0%
275.0%
225.0%
-21.4%
60.0%
313.6%
MALIBU BEACH SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$1,535,000
$456
6
8
48
97
16.67%
$1,680,000
$555
9
9
24
105
37.50%
9.4%
21.7%
50.0%
12.5%
-50.0%
8.8%
125.0%
MARINA DEL REY SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$560,000
$417
67
63
284
62
22.18%
$630,000
$472
61
57
168
66
33.93%
12.5%
13.2%
-9.0%
-9.5%
-40.8%
6.3%
52.9%
MARINA DEL REY CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$299,950
$208
39
37
151
66
24.50%
$320,000
$223
51
49
88
41
55.68%
6.7%
7.2%
30.8%
32.4%
-41.7%
-37.5%
127.2%
MID LOS ANGELES SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$377,720
$224
9
5
30
21
16.67%
$412,500
$245
6
8
19
23
42.11%
9.2%
9.4%
-33.3%
60.0%
-36.7%
10.6%
152.6%
MID WILSHIRE SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$1,688,590
$701
62
58
223
71
26.01%
$2,155,000
$679
71
59
167
99
35.33%
27.6%
-3.1%
14.5%
1.7%
-25.1%
38.9%
35.8%
PACIFIC PALISADES SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$777,000
$450
54
53
162
62
32.72%
$799,000
$539
85
81
112
37
72.32%
2.8%
19.8%
57.4%
52.8%
-30.9%
-39.7%
121.1%
PALMS – MAR VISTA SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$1,709,000
$783
42
47
174
72
27.01%
$1,625,000
$843
71
71
142
46
50.00%
-4.9%
7.7%
69.0%
51.5%
-18.4%
-36.3%
85.1%
SANTA MONICA SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$680,000
$530
76
66
255
55
25.88%
$690,000
$622
109
91
164
75
55.49%
1.5%
17.4%
49.3%
37.9%
-35.7%
35.1%
114.4%
SANTA MONICA CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$744,000
$346
34
32
122
76
26.23%
$823,500
$376
56
52
114
51
45.61%
10.7%
8.7%
64.7%
62.5%
-6.6%
-33.5%
73.9%
SHERMAN OAKS SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$307,500
$222
9
13
42
89
30.95%
$322,000
$259
18
19
26
33
73.08%
4.7%
16.7%
100.0%
46.2%
-38.1%
-63.5%
136.1%
SHERMAN OAKS CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$610,000
$395
53
45
140
59
32.14%
$661,000
$456
56
58
108
46
53.70%
8.4%
15.4%
5.7%
28.9%
-22.9%
-23.0%
67.1%
SILVER LAKE – ECHO PARK SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$887,500
$404
22
20
101
71
19.80%
$957,500
$473
30
32
76
57
42.11%
7.9%
17.1%
36.4%
60.0%
-24.8%
-18.7%
112.6%
STUDIO CITY SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$375,000
$299
9
10
41
45
24.39%
$366,050
$275
14
11
19
56
57.89%
-2.4%
-8.0%
55.6%
10.0%
-53.7%
25.2%
137.4%
STUDIO CITY CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$1,157,500
$509
66
62
397
80
15.62%
$1,336,500
$642
110
106
335
76
31.64%
15.5%
26.1%
66.7%
71.0%
-15.6%
-4.3%
102.6%
SUNSET STRIP – HOLLYWOOD HILLS WEST SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$320,000
$389
18
17
58
87
29.31%
$338,000
$473
15
16
44
60
36.36%
5.6%
21.6%
-16.7%
-5.9%
-24.1%
-30.7%
24.1%
SUNSET STRIP – HOLLYWOOD HILLS WEST CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$750,841
$561
12
12
95
158
12.63%
$725,000
$412
19
14
63
132
22.22%
-3.4%
-26.6%
58.3%
16.7%
-33.7%
-16.5%
75.9%
TOPANGA SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$NA
$NA
NA
NA
NA
NA
NA%
$NA
$NA
NA
NA
NA
NA
NA%
NA%
NA%
NA%
NA%
NA%
NA%
NA%
TOPANGA CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$1,135,000
$651
41
33
153
63
21.57%
$1,332,500
$821
58
44
87
64
50.57%
17.4%
26.1%
41.5%
33.3%
-43.1%
2.1%
134.5%
VENICE SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$660,000
$476
5
6
51
86
11.76%
$1,050,000
$582
11
10
22
36
45.45%
59.1%
22.3%
120.0%
66.7%
-56.9%
-58.0%
286.4%
VENICE CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$930,000
$598
30
32
99
60
32.32%
$1,146,000
$680
19
16
46
90
34.78%
23.2%
13.7%
-36.7%
-50.0%
-53.5%
50.6%
7.6%
WEST HOLLYWOOD SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$408,500
$376
78
74
288
63
25.69%
$475,000
$427
65
77
172
71
44.77%
16.3%
13.6%
-16.7%
4.1%
-40.3%
13.9%
74.2%
WEST HOLLYWOOD CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$575,000
$423
10
10
45
40
22.22%
$707,500
$541
16
18
34
28
52.94%
23.0%
27.9%
60.0%
80.0%
-24.4%
-30.2%
138.2%
WEST LOS ANGELES SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$612,000
$387
57
52
120
50
43.33%
$640,000
$411
67
55
82
47
67.07%
4.6%
6.2%
17.5%
5.8%
-31.7%
-6.4%
54.8%
WESTCHESTER SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$375,000
$293
11
8
33
126
24.24%
$243,000
$250
9
9
14
98
64.29%
-35.2%
-14.7%
-18.2%
12.5%
-57.6%
-22.6%
165.2%
WESTCHESTER CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$1,419,070
$558
34
37
113
50
32.74%
$1,400,000
$598
61
42
69
59
60.87%
-1.3%
7.2%
79.4%
13.5%
-38.9%
19.1%
85.9%
WESTWOOD – CENTURY CITY SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
$547,000
$463
104
94
521
69
18.04%
$605,500
$495
108
110
305
103
36.07%
10.7%
6.9%
3.8%
17.0%
-41.5%
49.5%
99.9%
WESTWOOD – CENTURY CITY CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q4 2011 Q4 2012 % CHANGE
Glossary of Terms
Median Price: A value that separates the upper
half of prices from the lower half of prices. It can
be interpreted like an average, however the
extreme prices (high and low) don’t hold
undue.
Average Price per Square Foot: The price per
each property divided by their respective
square footage then averaged across all
properties sold in the area for a given time
period.
Properties Sold: The number of property
transactions that closed and transferred
ownership.
Properties Pending Sale: The number of
properties that entered escrow in preparation
for sale.
Properties For Sale: The number of properties on
the market and seeking buyers.
Days on Market (Pending Sale): The number of
days that properties currently in escrow were on
the market.
Absorption Rate: The rate at which the inventory
of home for sale are being sold.
Percent Under Contract: The ratio of properties
to properties sale.
Disclaimer
The Market Within A Market Report is brought to you by Regional Marketing Director, Michael Lewis.
Information obtained from Broker Metrics and DataQuick. Broker Metrics and DataQuick statistics are subject to change due to individual real estate company reporting disciplines. The information provided herein is from sources we believe to be reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it.
For More Information, Contact:
Michael Lewis Regional Marketing Director Keller Williams Realty
11812 San Vicente Blvd. Suite 100 Los Angeles, CA 90049 [email protected]