Los Angeles - Westside

RodeoRE.com

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.

Local Market ReportOctober 2014

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

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6

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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

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17

18

19

20

21

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24

25

26

27

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Bel Air-Holmby Hills

Oct. 2013 Oct. 2014 %Change

Median Price $2,414,000 $2,011,100 -17%

Properties Sold 25 10 -60%

Sales Volume $90,229,800 $33,135,200 -63%

Properties Pending Sale 17 26 53%

Properties For Sale 136 130 -4%

Average Days on Market 82 73 -11%

Months Supply of Inventory 6 4 -33%

Percent Under Contract 12.5% 20.0% 60%

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

Oct. 2013 Oct. 2014 %Change

Median Price $1,431,250 $1,250,000 -13%

Properties Sold 22 20 -9%

Sales Volume $32,363,580 $28,882,500 -11%

Properties Pending Sale 10 13 30%

Properties For Sale 56 59 5%

Average Days on Market 19 63 232%

Months Supply of Inventory 4 3 -25%

Percent Under Contract 17.9% 22.0% 23%

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

Oct. 2013 Oct. 2014 %Change

Median Price $6,000,000 $2,997,500 -50%

Properties Sold 13 14 8%

Sales Volume $121,762,175 $66,923,260 -45%

Properties Pending Sale 18 14 -22%

Properties For Sale 125 98 -22%

Average Days on Market 107 140 31%

Months Supply of Inventory 5 4 -20%

Percent Under Contract 14.4% 14.3% -1%

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo RealtyR o d e o R E . c om

Beverly Hills P.O.

Oct. 2013 Oct. 2014 %Change

Median Price $2,417,500 $2,167,500 -10%

Properties Sold 14 18 29%

Sales Volume $43,823,000 $48,059,039 10%

Properties Pending Sale 13 15 15%

Properties For Sale 147 141 -4%

Average Days on Market 42 85 102%

Months Supply of Inventory 9 7 -22%

Percent Under Contract 8.8% 10.6% 20%

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo RealtyR o d e o R E . c om

Beverlywood

Rodeo RealtyR o d e o R E . c om

Oct. 2013 Oct. 2014 %Change

Median Price $985,000 $930,500 -6%

Properties Sold 14 20 43%

Sales Volume $16,167,500 $24,149,150 49%

Properties Pending Sale 13 7 -46%

Properties For Sale 61 46 -25%

Average Days on Market 22 41 86%

Months Supply of Inventory 3 4 33%

Percent Under Contract 21.3% 15.2% -29%

*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

Oct. 2013 Oct. 2014 %Change

Median Price $2,546,500 $2,989,500 17%

Properties Sold 12 22 83%

Sales Volume $40,182,000 $87,579,909 118%

Properties Pending Sale 19 29 53%

Properties For Sale 122 119 -2%

Average Days on Market 53 47 -11%

Months Supply of Inventory 5 3 -40%

Percent Under Contract 15.6% 24.4% 56%

*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

Oct. 2013 Oct. 2014 %Change

Median Price $1,577,500 $1,820,000 15%

Properties Sold 6 7 17%

Sales Volume $10,727,000 $12,858,120 20%

Properties Pending Sale 5 5 0%

Properties For Sale 19 23 21%

Average Days on Market 15 16 7%

Months Supply of Inventory 3 3 0%

Percent Under Contract 26.3% 21.7% -17%

*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

Oct. 2013 Oct. 2014 %Change

Median Price $830,000 $811,000 -2%

Properties Sold 12 23 92%

Sales Volume $9,964,200 $20,367,500 104%

Properties Pending Sale 13 17 31%

Properties For Sale 38 43 13%

Average Days on Market 31 41 32%

Months Supply of Inventory 2 1 -50%

Percent Under Contract 34.2% 39.5% 16%

*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

Oct. 2013 Oct. 2014 %Change

Median Price $1,427,500 $1,335,000 -6%

Properties Sold 29 21 -28%

Sales Volume $58,740,000 $40,027,136 -32%

Properties Pending Sale 23 27 17%

Properties For Sale 118 112 -5%

Average Days on Market 35 59 69%

Months Supply of Inventory 4 3 -25%

Percent Under Contract 19.5% 24.1% 24%

*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

Oct. 2013 Oct. 2014 %Change

Median Price $560,000 $917,000 64%

Properties Sold 5 9 80%

Sales Volume $2,835,000 $7,578,000 167%

Properties Pending Sale 5 8 60%

Properties For Sale 20 28 40%

Average Days on Market 70 27 -61%

Months Supply of Inventory 2 2 0%

Percent Under Contract 25.0% 28.6% 14%

*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

Oct. 2013 Oct. 2014 %Change

Median Price $1,048,250 $1,138,750 9%

Properties Sold 20 12 -40%

Sales Volume $21,604,500 $15,144,250 -30%

Properties Pending Sale 16 12 -25%

Properties For Sale 73 66 -10%

Average Days on Market 49 41 -16%

Months Supply of Inventory 3 4 33%

Percent Under Contract 21.9% 18.2% -17%

*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

Oct. 2013 Oct. 2014 %Change

Median Price $1,680,710 $1,600,000 -5%

Properties Sold 18 11 -39%

Sales Volume $35,114,812 $19,329,055 -45%

Properties Pending Sale 19 19 0%

Properties For Sale 81 71 -12%

Average Days on Market 27 56 107%

Months Supply of Inventory 3 2 -33%

Percent Under Contract 23.5% 26.8% 14%

*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

Oct. 2013 Oct. 2014 %Change

Median Price $2,200,000 $2,852,500 30%

Properties Sold 19 14 -26%

Sales Volume $50,463,001 $46,550,000 -8%

Properties Pending Sale 15 17 13%

Properties For Sale 219 194 -11%

Average Days on Market 91 136 49%

Months Supply of Inventory 12 9 -25%

Percent Under Contract 6.8% 8.8% 28%

*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

Oct. 2013 Oct. 2014 %Change

Median Price $14,700,000 $13,325,000 -9%

Properties Sold 1 2 100%

Sales Volume $14,700,000 $26,650,000 81%

Properties Pending Sale 3 3 0%

Properties For Sale 80 70 -13%

Average Days on Market 151 136 -10%

Months Supply of Inventory 23 20 -13%

Percent Under Contract 3.8% 4.3% 14%

*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

Oct. 2013 Oct. 2014 %Change

Median Price $1,650,000 $780,000 -53%

Properties Sold 5 5 0%

Sales Volume $6,573,650 $4,222,000 -36%

Properties Pending Sale 2 5 150%

Properties For Sale 22 21 -5%

Average Days on Market 24 23 -4%

Months Supply of Inventory 9 2 -78%

Percent Under Contract 9.1% 23.8% 162%

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Mid Los Angeles

Rodeo RealtyR o d e o R E . c om

Oct. 2013 Oct. 2014 %Change

Median Price $380,000 $547,200 44%

Properties Sold 23 23 0%

Sales Volume $11,032,000 $12,375,350 12%

Properties Pending Sale 18 17 -6%

Properties For Sale 99 72 -27%

Average Days on Market 49 48 -2%

Months Supply of Inventory 4 3 -25%

Percent Under Contract 18.2% 23.6% 30%

*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

Oct. 2013 Oct. 2014 %Change

Median Price $644,500 $540,000 -16%

Properties Sold 4 3 -25%

Sales Volume $2,804,000 $1,533,700 -45%

Properties Pending Sale 2 2 0%

Properties For Sale 22 18 -18%

Average Days on Market 45 16 -64%

Months Supply of Inventory 9 7 -22%

Percent Under Contract 9.1% 11.1% 22%

*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

Oct. 2013 Oct. 2014 %Change

Median Price $2,577,301 $2,200,000 -15%

Properties Sold 24 22 -8%

Sales Volume $67,945,103 $54,208,623 -20%

Properties Pending Sale 25 24 -4%

Properties For Sale 132 115 -13%

Average Days on Market 56 35 -38%

Months Supply of Inventory 4 3 -25%

Percent Under Contract 18.9% 20.9% 10%

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Palms - Mar Vista

Rodeo RealtyR o d e o R E . c om

Oct. 2013 Oct. 2014 %Change

Median Price $980,102 $1,175,000 20%

Properties Sold 35 31 -11%

Sales Volume $35,885,713 $38,779,900 8%

Properties Pending Sale 34 28 -18%

Properties For Sale 88 78 -11%

Average Days on Market 30 54 80%

Months Supply of Inventory 1 1 0%

Percent Under Contract 38.6% 35.9% -7%

*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

Oct. 2013 Oct. 2014 %Change

Median Price n/a $1,220,750

Properties Sold 0 2

Sales Volume $0 $2,441,500

Properties Pending Sale 0 1

Properties For Sale 5 5 0%

Average Days on Market n/a 10

Months Supply of Inventory n/a 3

Percent Under Contract 0.0% 20.0%

*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

Oct. 2013 Oct. 2014 %Change

Median Price $1,765,000 $2,225,000 26%

Properties Sold 19 29 53%

Sales Volume $36,709,000 $81,682,697 123%

Properties Pending Sale 22 22 0%

Properties For Sale 89 76 -15%

Average Days on Market 41 49 20%

Months Supply of Inventory 3 2 -33%

Percent Under Contract 24.7% 28.9% 17%

*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

Oct. 2013 Oct. 2014 %Change

Median Price $695,000 $946,500 36%

Properties Sold 33 32 -3%

Sales Volume $21,796,000 $36,542,627 68%

Properties Pending Sale 33 25 -24%

Properties For Sale 80 79 -1%

Average Days on Market 47 37 -21%

Months Supply of Inventory 1 2 100%

Percent Under Contract 41.3% 31.6% -23%

*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

Oct. 2013 Oct. 2014 %Change

Median Price $1,340,000 $2,050,525 53%

Properties Sold 35 36 3%

Sales Volume $55,094,750 $96,278,063 75%

Properties Pending Sale 34 41 21%

Properties For Sale 300 274 -9%

Average Days on Market 64 78 22%

Months Supply of Inventory 7 5 -29%

Percent Under Contract 11.3% 15.0% 32%

*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

Oct. 2013 Oct. 2014 %Change

Median Price $1,350,000 $1,441,375 7%

Properties Sold 19 18 -5%

Sales Volume $28,551,091 $40,592,750 42%

Properties Pending Sale 24 24 0%

Properties For Sale 76 67 -12%

Average Days on Market 33 46 39%

Months Supply of Inventory 2 1 -50%

Percent Under Contract 31.6% 35.8% 13%

*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

Oct. 2013 Oct. 2014 %Change

Median Price $1,325,000 $1,250,000 -6%

Properties Sold 15 7 -53%

Sales Volume $27,146,300 $11,910,055 -56%

Properties Pending Sale 10 12 20%

Properties For Sale 56 48 -14%

Average Days on Market 38 59 55%

Months Supply of Inventory 4 3 -25%

Percent Under Contract 17.9% 25.0% 40%

*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

Oct. 2013 Oct. 2014 %Change

Median Price $720,000 $959,000 33%

Properties Sold 9 13 44%

Sales Volume $6,676,400 $13,567,916 103%

Properties Pending Sale 8 11 38%

Properties For Sale 24 32 33%

Average Days on Market 48 36 -25%

Months Supply of Inventory 2 1 -50%

Percent Under Contract 33.3% 34.4% 3%

*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

Oct. 2013 Oct. 2014 %Change

Median Price $1,320,000 $1,684,000 28%

Properties Sold 16 12 -25%

Sales Volume $19,222,253 $24,311,750 26%

Properties Pending Sale 20 14 -30%

Properties For Sale 63 53 -16%

Average Days on Market 49 47 -4%

Months Supply of Inventory 2 2 0%

Percent Under Contract 31.7% 26.4% -17%

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

RODEO REALTY MARKETING DEPARTMENT