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 ReportSeptember 2014

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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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10

11

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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

28

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Bel Air-Holmby Hills

Sept. 2013 Sept. 2014 %Change

Median Price $1,650,000 $3,105,000 88

Properties Sold 13 9 31

Sales Volume $41,406,800 $40,500,000 -2

Properties Pending Sale 13 8 -38

Properties For Sale 142 128 -10

Average Days on Market 100 60 -40

Month’s Supply of Inventory 9 13 44

Percent Under Contract 9.2 6.3 -32

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.

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Beverly Center - Miracle Mile

Sept 2013 Sept 2014 %Change

Median Price $1,129,444 $1,580,250 40

Properties Sold 18 20 11

Sales Volume $19,953,433 $34,590,500 73

Properties Pending Sale 15 22 47

Properties For Sale 55 69 25

Average Days on Market 35 39 11

Month’s Supply of Inventory 2 2 0

Percent Under Contract 27.3 31.9 17

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.

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Beverly Hills

Sept 2013 Sept 2014 %Change

Median Price $4,120,000 $4,067,500 -1

Properties Sold 13 10 -23

Sales Volume $58,798,166 $46,482,500 -21

Properties Pending Sale 6 15 150

Properties For Sale 125 99 -21

Average Days on Market 26 57 119

Month’s Supply of Inventory 18 4 -78

Percent Under Contract 4.8 15.2 216

*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

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Beverly Hills P.O.

Sept 2013 Sept 2014 %Change

Median Price $1,700,000 $3,250,000 91

Properties Sold 16 7 -56

Sales Volume $39,332,000 $33,655,000 -14

Properties Pending Sale 16 13 -19

Properties For Sale 158 132 -16

Average Days on Market 71 88 24

Month’s Supply of Inventory 8 8 0

Percent Under Contract 10.1 9.8 -3

*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

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Beverlywood

Rodeo RealtyR o d e o R E . c om

Sept 2013 Sept 2014 %Change

Median Price $1,040,000 $1,000,000 -4

Properties Sold 14 15 7

Sales Volume $13,042,500 $15,092,000 16

Properties Pending Sale 14 20 43

Properties For Sale 67 64 -4

Average Days on Market 47 39 -17

Month’s Supply of Inventory 3 2 -33

Percent Under Contract 20.9 31.3 50

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

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Brentwood

Rodeo RealtyR o d e o R E . c om

Sept 2013 Sept 2014 %Change

Median Price $2,180,000 $3,003,000 38

Properties Sold 20 19 19

Sales Volume $33,472,000 $69,220,146 107

Properties Pending Sale 16 22 38

Properties For Sale 113 110 -3

Average Days on Market 39 51 31

Month’s Supply of Inventory 5 4 -20

Percent Under Contract 14.2 20.0 41

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

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Cheviot Hills - Rancho Park

Rodeo RealtyR o d e o R E . c om

Sept 2013 Sept 2014 %Change

Median Price $1,211,000 $2,022,500 67

Properties Sold 9 2 -78

Sales Volume $14,304,500 $4,045,000 -72

Properties Pending Sale 10 7 -13

Properties For Sale 19 24 26

Average Days on Market 32 19 -41

Month’s Supply of Inventory 1 2 100

Percent Under Contract 42.1 29.2 -31

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

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Culver City

Rodeo RealtyR o d e o R E . c om

Sept 2013 Sept 2014 %Change

Median Price $744,152 $806,000 8

Properties Sold 24 21 -13

Sales Volume $16,251,305 $16,740,600 3

Properties Pending Sale 18 22 22

Properties For Sale 59 47 -20

Average Days on Market 37 35 -5

Month’s Supply of Inventory 2 1 -50

Percent Under Contract 30.5 46.8 53

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

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Hancock Park - Wilshire

Rodeo RealtyR o d e o R E . c om

Sept 2013 Sept 2014 %Change

Median Price $1,140,000 $1,330,000 17

Properties Sold 25 13 -48

Sales Volume $32,470,000 $20,978,770 -35

Properties Pending Sale 30 20 -33

Properties For Sale 134 125 -7

Average Days on Market 36 58 61

Month’s Supply of Inventory 3 4 33

Percent Under Contract 22.4 16.0 -29

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

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Hollywood

Rodeo RealtyR o d e o R E . c om

Sept 2013 Sept 2014 %Change

Median Price $572,000 $655,000 15

Properties Sold 5 5 0

Sales Volume $1,930,000 $5,139,000 166

Properties Pending Sale 6 10 67

Properties For Sale 35 33 -6

Average Days on Market 44 33 -48

Month’s Supply of Inventory 4 2 -50

Percent Under Contract 17.1 30.3 77

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

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Hollywood Hills East

Rodeo RealtyR o d e o R E . c om

Sept 2013 Sept 2014 %Change

Median Price $1,095,000 $1,166,000 6

Properties Sold 13 11 -15

Sales Volume $15,437,830 $12,362,737 -20

Properties Pending Sale 14 14 0

Properties For Sale 80 76 -5

Average Days on Market 62 63 2

Month’s Supply of Inventory 4 4 0

Percent Under Contract 17.5 18.4 5

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

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Los Feliz

Rodeo RealtyR o d e o R E . c om

Sept 2013 Sep 2014 %Change

Median Price $1,309,500 $1,063,500 -19

Properties Sold 20 21 5

Sales Volume $24,031,150 $35,973,000 50

Properties Pending Sale 16 18 13

Properties For Sale 90 88 -2

Average Days on Market 27 59 119

Month’s Supply of Inventory 4 3 -25

Percent Under Contract 17.8 20.5 15

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

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Malibu

Rodeo RealtyR o d e o R E . c om

Sept 2013 Sept 2014 %Change

Median Price $1,712,500 $3,372,500 97%

Properties Sold 18 18 0%

Sales Volume $34,699,000 $89,248,800 157%

Properties Pending Sale 21 17 -19%

Properties For Sale 246 211 -14%

Average Days on Market 154 132 -14%

Months Supply of Inventory 10 10 0%

Percent Under Contract 8.5% 8.1% -6%

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

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Malibu Beach

Rodeo RealtyR o d e o R E . c om

Sept 2013 Sept 2014 %Change

Median Price $5,353,750 $7,950,000 48%

Properties Sold 2 3 50%

Sales Volume $10,707,500 $23,150,000 116%

Properties Pending Sale 3 4 33%

Properties For Sale 87 70 -20%

Average Days on Market 92 188 104%

Months Supply of Inventory 26 14 -46%

Percent Under Contract 3.4% 5.7% 66%

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

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Marina del Rey

Rodeo RealtyR o d e o R E . c om

Sept 2013 Sept 2014 %Change

Median Price $976,000 $1,557,500 60%

Properties Sold 3 6 100%

Sales Volume $3,306,000 $10,169,500 208%

Properties Pending Sale 3 4 33%

Properties For Sale 21 21 0%

Average Days on Market 32 41 28%

Months Supply of Inventory 6 4 -33%

Percent Under Contract 14.3% 19.0% 33%

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

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Mid Los Angeles

Rodeo RealtyR o d e o R E . c om

Sept 2013 Sept 2014 %Change

Median Price $456,431 $575,000 26%

Properties Sold 22 19 -14%

Sales Volume $8,069,863 $7,782,500 -4%

Properties Pending Sale 32 29 -9%

Properties For Sale 184 156 -15%

Average Days on Market 50 35 -30%

Months Supply of Inventory 4 4 0%

Percent Under Contract 17.4% 18.6% 7%

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

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Mid Wilshire

Rodeo RealtyR o d e o R E . c om

Sept 2013 Sept 2014 %Change

Median Price $527,500 $625,000 18%

Properties Sold 4 5 25%

Sales Volume $1,650,000 $2,944,000 78%

Properties Pending Sale 5 5 0%

Properties For Sale 39 22 -44%

Average Days on Market 70 72 3%

Months Supply of Inventory 5 3 -40%

Percent Under Contract 12.8% 22.7% 77%

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

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Pacific Palisades

Rodeo RealtyR o d e o R E . c om

Sept 2013 Sept 2014 %Change

Median Price $2,255,000 $2,707,500 20%

Properties Sold 27 26 -4%

Sales Volume $68,184,299 $109,737,434 61%

Properties Pending Sale 13 28 115%

Properties For Sale 112 118 5%

Average Days on Market 51 60 18%

Months Supply of Inventory 7 3 -57%

Percent Under Contract 11.6% 23.7% 104%

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

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Palms - Mar Vista

Rodeo RealtyR o d e o R E . c om

Sept 2013 Sept 2014 %Change

Median Price $905,000 $945,000 4%

Properties Sold 25 25 0%

Sales Volume $22,358,000 $24,848,525 11%

Properties Pending Sale 26 32 23%

Properties For Sale 99 93 -6%

Average Days on Market 16 34 113%

Months Supply of Inventory 3 2 -33%

Percent Under Contract 26.3% 34.4% 31%

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

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Playa Vista

Rodeo RealtyR o d e o R E . c om

Sept 2013 Sept 2014 %Change

Median Price $1,192,500 $1,555,000 30%

Properties Sold 2 1 -50%

Sales Volume $2,385,000 $1,555,000 -35%

Properties Pending Sale 0 5

Properties For Sale 5 7 40%

Average Days on Market n/a 36

Months Supply of Inventory n/a 0

Percent Under Contract 0.0% 71.4%

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

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Santa Monica

Rodeo RealtyR o d e o R E . c om

Sept 2013 Sept 2014 %Change

Median Price $2,187,500 $1,979,000 -10%

Properties Sold 18 25 39%

Sales Volume $38,968,710 $54,188,324 39%

Properties Pending Sale 25 25 0%

Properties For Sale 102 80 -22%

Average Days on Market 35 37 6%

Months Supply of Inventory 3 2 -33%

Percent Under Contract 24.5% 31.3% 28%

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

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Silverlake - Echo Park

Rodeo RealtyR o d e o R E . c om

Sept 2013 Sept 2014 %Change

Median Price $677,000 $825,000 22%

Properties Sold 33 25 -24%

Sales Volume $18,028,500 $21,089,500 17%

Properties Pending Sale 34 36 6%

Properties For Sale 114 105 -8%

Average Days on Market 33 36 9%

Months Supply of Inventory 2 2 0%

Percent Under Contract 29.8% 34.3% 15%

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

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Sunset Strip - Hollywood Hills West

Rodeo RealtyR o d e o R E . c om

Sept 2013 Sept 2014 %Change

Median Price $1,444,000 $1,890,000 31%

Properties Sold 31 30 -3%

Sales Volume $56,457,550 $92,668,505 64%

Properties Pending Sale 36 32 -11%

Properties For Sale 303 276 -9%

Average Days on Market 43 64 49%

Months Supply of Inventory 7 6 -14%

Percent Under Contract 11.9% 11.6% -2%

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

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Venice

Rodeo RealtyR o d e o R E . c om

Sept 2013 Sept 2014 %Change

Median Price $1,435,000 $1,332,500 -7%

Properties Sold 21 8 -62%

Sales Volume $36,465,999 $11,680,265 -68%

Properties Pending Sale 23 17 -26%

Properties For Sale 85 60 -29%

Average Days on Market 48 88 83%

Months Supply of Inventory 3 2 -33%

Percent Under Contract 27.1% 28.3% 5%

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

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West Hollywood

Rodeo RealtyR o d e o R E . c om

Sept 2013 Sept 2014 %Change

Median Price $1,025,000 $1,265,000 23%

Properties Sold 5 11 120%

Sales Volume $6,154,200 $14,219,325 131%

Properties Pending Sale 8 8 0%

Properties For Sale 61 45 -26%

Average Days on Market 36 85 136%

Months Supply of Inventory 6 3 -50%

Percent Under Contract 13.1% 17.8% 36%

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

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West Los Angeles

Rodeo RealtyR o d e o R E . c om

Sept 2013 Sept 2014 %Change

Median Price $756,000 $922,500 22%

Properties Sold 11 12 9%

Sales Volume $7,678,150 $12,126,000 58%

Properties Pending Sale 10 15 50%

Properties For Sale 36 44 22%

Average Days on Market 37 40 8%

Months Supply of Inventory 2 2 0%

Percent Under Contract 27.8% 34.1% 23%

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

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Westwood - Century City

Rodeo RealtyR o d e o R E . c om

Sept 2013 Sept 2014 %Change

Median Price $1,567,500 $1,905,000 22%

Properties Sold 14 18 29%

Sales Volume $21,082,000 $36,248,550 72%

Properties Pending Sale 13 17 31%

Properties For Sale 63 60 -5%

Average Days on Market 28 38 36%

Months Supply of Inventory 4 2 -50%

Percent Under Contract 20.6% 28.3% 37%

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

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RODEO REALTY MARKETING DEPARTMENT

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