December 2013 Los Angeles Westside Local Market Report
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Los Angeles - Westside December 2013 RodeoRE.com Local Market Report At Rodeo Realty, we believe education is the key to helping clients make the best possible decisions about buying and selling homes. Our Local Market Reports provide comprehensive analyses of real estate trends in specific communities, versus quoting national, state, and/or county statistics. The fact is market conditions can vary greatly from neighborhood to neighborhood, and sometimes from one block to the next.
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Year over year data for Los Angeles neighborhoods including median price and days on market.
Transcript of December 2013 Los Angeles Westside Local Market Report
Los Angeles - WestsideDecember 2013
RodeoRE.com
Local Market Report
At Rodeo Realty, we believe education is the key to helping clients make the best possible decisions about buying and selling homes. Our Local Market Reports provide comprehensive analyses of real estate trends in specific communities, versus quoting national, state, and/or county statistics. The fact is market conditions can vary greatly from neighborhood to neighborhood, and sometimes from one block to the next.
Bel Air - Holmby Hills
Beverly Center - Miracle Mile
Beverly Hills
Beverly Hills P.O.
Beverlywood
Brentwood
Cheviot Hills - Rancho Park
Culver City
Hancock Park - Wilshire
Hollywood
Hollywood Hills East
Los Feliz
Malibu
Malibu Beach
Table of Contents
Rodeo RealtyR o d e o R E . c om
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Marina del Rey
Mid Los Angeles
Mid Wilshire
Pacific Palisades
Palms - Mar Vista
Playa Vista
Santa Monica
Silverlake - Echo Park
Sunset Strip - Hollywood Hills West
Venice
West Hollywood
West Los Angeles
Westwood - Century City
16
17
18
19
20
21
22
23
24
25
26
27
28
Bel Air-Holmby Hills
Dec. 2012 Dec. 2013 %Change
Median Price $2,059,000 $1,526,000 -26
Properties Sold 18 9 -50
Sales Volume $79,958,087 $16,000,500 -80
Properties Pending Sale 13 9 -31
Properties For Sale 126 99 -21
Average Days on Market 192 137 -29
Month’s Supply of Inventory 8 8 0
Percent Under Contract 10.3 9.1 -12
Rodeo RealtyR o d e o R E . c om
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Beverly Center - Miracle Mile
Dec. 2012 Dec. 2013 %Change
Median Price $999,000 $1,235,000 24
Properties Sold 21 13 -38
Sales Volume $26,060,960 $16,088,000 -38
Properties Pending Sale 12 11 -8
Properties For Sale 50 44 -12
Average Days on Market 34 47 38
Month’s Supply of Inventory 3 3 0
Percent Under Contract 24.0 25.0 4
Rodeo RealtyR o d e o R E . c om
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Beverly Hills
Rodeo RealtyR o d e o R E . c om
Dec. 2012 Dec. 2013 %Change
Median Price $5,097,500 $5,939,800 17
Properties Sold 24 13 -46
Sales Volume $120,257,500 $84,063,799 -30
Properties Pending Sale 13 7 -46
Properties For Sale 100 76 -24
Average Days on Market 138 80 -42
Month’s Supply of Inventory 6 7 17
Percent Under Contract 13.0 9.2 -29
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Beverly Hills P.O.
Rodeo RealtyR o d e o R E . c om
Dec. 2012 Dec. 2013 %Change
Median Price $1,430,000 $2,062,500 44
Properties Sold 14 12 -14
Sales Volume $26,424,755 $34,959,500 32
Properties Pending Sale 10 10 0
Properties For Sale 99 110 11
Average Days on Market 137 81 -41
Month’s Supply of Inventory 8 8 0
Percent Under Contract 10.1 9.1 -10
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Beverlywood
Rodeo RealtyR o d e o R E . c om
Dec. 2012 Dec. 2013 %Change
Median Price $799,000 $1,287,500 61
Properties Sold 17 14 -18
Sales Volume $16,016,395 $17,057,500 7
Properties Pending Sale 5 9 80
Properties For Sale 34 45 32
Average Days on Market 54 44 -19
Month’s Supply of Inventory 5 2 -60
Percent Under Contract 14.7 20.0 36
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Brentwood
Rodeo RealtyR o d e o R E . c om
Dec. 2012 Dec. 2013 %Change
Median Price $2,150,000 $2,402,777 12
Properties Sold 32 24 -25
Sales Volume $109,736,315 $94,123,285 -14
Properties Pending Sale 21 15 -29
Properties For Sale 95 77 -19
Average Days on Market 144 58 -60
Month’s Supply of Inventory 3 3 0
Percent Under Contract 22.1 19.5 -12
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Cheviot Hills - Rancho Park
Rodeo RealtyR o d e o R E . c om
Dec. 2012 Dec. 2013 %Change
Median Price $1,395,000 $1,429,000 2
Properties Sold 9 8 -11
Sales Volume $14,055,601 $11,739,000 -16
Properties Pending Sale 3 5 67
Properties For Sale 13 15 15
Average Days on Market 13 88 577
Month’s Supply of Inventory 3 1 -67
Percent Under Contract 23.1 33.3 44
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Culver City
Rodeo RealtyR o d e o R E . c om
Dec. 2012 Dec. 2013 %Change
Median Price $649,000 $866,050 37
Properties Sold 22 19 -14
Sales Volume $12,364,900 $14,053,650 14
Properties Pending Sale 13 8 -38
Properties For Sale 45 39 -13
Average Days on Market 41 33 -20
Month’s Supply of Inventory 2 3 50
Percent Under Contract 28.9 20.5 -29
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Hancock Park - Wilshire
Rodeo RealtyR o d e o R E . c om
Dec. 2012 Dec. 2013 %Change
Median Price $1,250,000 $1,150,000 -8
Properties Sold 25 27 8
Sales Volume $38,478,500 $37,844,780 -2
Properties Pending Sale 11 18 64
Properties For Sale 72 99 38
Average Days on Market 81 38 -53
Month’s Supply of Inventory 5 3 -40
Percent Under Contract 15.3 18.2 19
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Hollywood
Rodeo RealtyR o d e o R E . c om
Dec. 2012 Dec. 2013 %Change
Median Price $1,250,000 $500,000 -60
Properties Sold 3 4 33
Sales Volume $3,535,500 $2,101,000 -41
Properties Pending Sale 6 3 -50
Properties For Sale 21 15 -29
Average Days on Market 20 27 35
Month’s Supply of Inventory 2 2 0
Percent Under Contract 28.6 20.0 -30
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Hollywood Hills East
Rodeo RealtyR o d e o R E . c om
Dec. 2012 Dec. 2013 %Change
Median Price $950,000 $1,381,000 45
Properties Sold 20 7 -65
Sales Volume $17,414,500 $6,858,320 -61
Properties Pending Sale 9 13 44
Properties For Sale 51 48 -6
Average Days on Market 55 71 29
Month’s Supply of Inventory 4 2 -50
Percent Under Contract 17.6 27.1 53
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Los Feliz
Rodeo RealtyR o d e o R E . c om
Dec. 2012 Dec. 2013 %Change
Median Price $880,000 $1,585,875 80
Properties Sold 15 18 20
Sales Volume $14,707,000 $26,841,750 83
Properties Pending Sale 15 15 0
Properties For Sale 89 87 -2
Average Days on Market 70 27 -61
Month’s Supply of Inventory 4 3 -25
Percent Under Contract 16.9 17.2 2
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Malibu
Rodeo RealtyR o d e o R E . c om
Dec. 2012 Dec. 2013 %Change
Median Price $2,187,500 $3,435,000 57
Properties Sold 24 14 -42
Sales Volume $59,888,829 $40,876,000 -32
Properties Pending Sale 10 9 -10
Properties For Sale 159 172 8
Average Days on Market 258 200 -22
Month’s Supply of Inventory 13 14 8
Percent Under Contract 6.3 5.2 -17
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Malibu Beach
Rodeo RealtyR o d e o R E . c om
Dec. 2012 Dec. 2013 %Change
Median Price $6,200,000 $4,300,000 -31
Properties Sold 9 9 0
Sales Volume $82,434,105 $58,018,126 -30
Properties Pending Sale 2 2 0
Properties For Sale 77 60 -22
Average Days on Market 535 140 -74
Month’s Supply of Inventory 30 25 -17
Percent Under Contract 2.6 3.3 28
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Marina del Rey
Rodeo RealtyR o d e o R E . c om
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Dec. 2012 Dec. 2013 %Change
Median Price $1,290,000 $1,895,000 31
Properties Sold 4 3 -25
Sales Volume $5,440,000 $4,558,000 -16
Properties Pending Sale 1 2 100
Properties For Sale 10 17 70
Average Days on Market 25 123 392
Month’s Supply of Inventory 9 6 -33
Percent Under Contract 10.0 11.8 18
Mid Los Angeles
Rodeo RealtyR o d e o R E . c om
Dec. 2012 Dec. 2013 %Change
Median Price $305,000 $470,000 54
Properties Sold 43 27 -37
Sales Volume $9,241,000 $10,177,900 10
Properties Pending Sale 24 28 17
Properties For Sale 138 133 -4
Average Days on Market 76 68 -11
Month’s Supply of Inventory 4 3 -25
Percent Under Contract 17.4 21.1 21
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Mid Wilshire
Rodeo RealtyR o d e o R E . c om
Dec. 2012 Dec. 2013 %Change
Median Price $425,000 $486,250 14
Properties Sold 3 2 -33
Sales Volume $1,395,000 $647,500 -54
Properties Pending Sale 6 3 -50
Properties For Sale 35 16 -54
Average Days on Market 70 30 -57
Month’s Supply of Inventory 4 3 -25
Percent Under Contract 17.1 18.8 9
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Pacific Palisades
Rodeo RealtyR o d e o R E . c om
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Dec. 2012 Dec. 2013 %Change
Median Price $1,917,500 $2,805,000 46
Properties Sold 32 22 -31
Sales Volume $77,172,250 $73,762,351 -4
Properties Pending Sale 18 10 -44
Properties For Sale 89 84 -6
Average Days on Market 68 68 0
Month’s Supply of Inventory 3 6 100
Percent Under Contract 20.2 11.9 -41
Palms - Mar Vista
Rodeo RealtyR o d e o R E . c om
Dec. 2013 Dec. 2013 %Change
Median Price $759,500 $1,005,055 32
Properties Sold 30 28 -7
Sales Volume $22,439,700 $31,462,860 40
Properties Pending Sale 22 17 -23
Properties For Sale 56 56 0
Average Days on Market 32 31 -3
Month’s Supply of Inventory 1 2 100
Percent Under Contract 39.3 30.4 -23
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Playa Vista
Rodeo RealtyR o d e o R E . c om
Dec. 2012 Dec. 2013 %Change
Median Price n/a 1,460,000 n/a
Properties Sold 0 1 100
Sales Volume 0 $1,460,000 n/a
Properties Pending Sale 0 2 200
Properties For Sale 1 3 200
Average Days on Market n/a 56 n/a
Month’s Supply of Inventory n/a 1 100
Percent Under Contract n/a 66.7 n/a
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Santa Monica
Rodeo RealtyR o d e o R E . c om
Dec. 2012 Dec. 2013 %Change
Median Price $2,216,675 $1,417,500 -36
Properties Sold 28 22 -21
Sales Volume $56,595,150 $41,896,811 -26
Properties Pending Sale 11 11 0
Properties For Sale 66 62 -6
Average Days on Market 48 60 25
Month’s Supply of Inventory 4 4 0
Percent Under Contract 16.7 17.7 6
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Silverlake - Echo Park
Rodeo RealtyR o d e o R E . c om
Dec. 2012 Dec. 2013 %Change
Median Price $510,000 $822,500 61
Properties Sold 29 31 7
Sales Volume $14,253,000 $20,170,090 42
Properties Pending Sale 19 13 -32
Properties For Sale 90 65 -28
Average Days on Market 43 100 133
Month’s Supply of Inventory 3 3 0
Percent Under Contract 21.1 20.0 -5
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Sunset Strip - Hollywood Hills West
Rodeo RealtyR o d e o R E . c om
Dec. 2012 Dec. 2013 %Change
Median Price $1,282,000 $1,656,500 29
Properties Sold 46 28 -39
Sales Volume $73,869,794 $74,798,000 1
Properties Pending Sale 24 22 -8
Properties For Sale 220 229 4
Average Days on Market 96 69 -28
Month’s Supply of Inventory 7 7 0
Percent Under Contract 10.9 9.6 -12
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Venice
Rodeo RealtyR o d e o R E . c om
Dec. 2012 Dec. 2013 %Change
Median Price $1,306,092 $1,592,500 22
Properties Sold 22 26 18
Sales Volume $34,698,185 $47,107,500 36
Properties Pending Sale 7 19 171
Properties For Sale 50 45 -10
Average Days on Market 69 38 -45
Month’s Supply of Inventory 6 1 -83
Percent Under Contract 14.0 42.2 202
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
West Hollywood
Rodeo RealtyR o d e o R E . c om
Dec. 2012 Dec. 2013 %Change
Median Price $895,000 $1,261,250 41
Properties Sold 7 8 14
Sales Volume $6,498,000 $11,322,270 74
Properties Pending Sale 3 15 400
Properties For Sale 37 45 22
Average Days on Market 81 45 -44
Month’s Supply of Inventory 9 1 -89
Percent Under Contract 8.2 33.3 311
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
West Los Angeles
Rodeo RealtyR o d e o R E . c om
Dec. 2012 Dec. 2013 %Change
Median Price $579,000 $835,500 44
Properties Sold 8 8 0
Sales Volume $3,889,000 $7,060,000 81
Properties Pending Sale 6 1 -83
Properties For Sale 22 16 -27
Average Days on Market 18 107 494
Month’s Supply of Inventory 3 10 233
Percent Under Contract 27.3 6.3 -77
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Westwood - Century City
Rodeo RealtyR o d e o R E . c om
Dec. 2012 Dec. 2013 %Change
Median Price $1,277,750 $1,543,000 21
Properties Sold 20 22 10
Sales Volume $33,367,058 $36,651,260 10
Properties Pending Sale 7 7 0
Properties For Sale 27 31 15
Average Days on Market 17 26 53
Month’s Supply of Inventory 2 2 0
Percent Under Contract 25.9 22.6 -13
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
RODEO REALTY MARKETING DEPARTMENT
