Los Angeles Market Report For The Westside--August 2013
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Los Angeles - Westside 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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This provides real estate market data for the Los Angeles area.
Transcript of Los Angeles Market Report For The Westside--August 2013
Los Angeles - Westside
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
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17
18
19
20
21
22
23
24
25
26
27
28
Bel Air-Holmby Hills
August 2012 August 2013 %Change
Median Price $1,450,000 $1,900,000 31
Properties Sold 11 7 -36
Sales Volume $18,294,000 $37,041,608 102
Properties Pending Sale 12 17 42
Properties For Sale 138 129 -7
Average Days on Market 74 61 -18
Month’s Supply of Inventory 10 6 -40
Percent Under Contract 8.7 13.2 52
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
August 2012 August 2013 %Change
Median Price $934,375 $1,150,000 23
Properties Sold 22 23 5
Sales Volume $25,580,775 $20,034,115 17
Properties Pending Sale 20 24 20
Properties For Sale 70 56 -20
Average Days on Market 62 62 0
Month’s Supply of Inventory 2 1 -50
Percent Under Contract 28.6 42.9 50
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
August 2012 August 2013 %Change
Median Price $3,825,000 $5,255,000 37
Properties Sold 12 21 75
Sales Volume $44,308,900 $124,110,945 180
Properties Pending Sale 18 18 0
Properties For Sale 151 103 -32
Average Days on Market 108 66 -39
Month’s Supply of Inventory 6 4 -33
Percent Under Contract 11.9 17.5 47
*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
August 2012 August 2013 %Change
Median Price $2,425,000 $2,390,000 -1
Properties Sold 11 12 9
Sales Volume $29,606,219 $28,861,490 -3
Properties Pending Sale 10 14 40
Properties For Sale 131 122 -7
Average Days on Market 87 66 -24
Month’s Supply of Inventory 11 6 -45
Percent Under Contract 7.6 11.5 50
*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
August 2012 August 2013 %Change
Median Price $850,000 $780,000 -8
Properties Sold 19 12 -37
Sales Volume $20,205,000 $10,411,475 -48
Properties Pending Sale 14 15 7
Properties For Sale 59 53 -10
Average Days on Market 45 44 -2
Month’s Supply of Inventory 3 2 -33
Percent Under Contract 23.7 28.3 19
*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
August 2012 August 2013 %Change
Median Price $2,500,000 $2,218,000 -11
Properties Sold 25 22 -12
Sales Volume $88,820,460 $65,955,740 -26
Properties Pending Sale 20 15 -25
Properties For Sale 122 99 -19
Average Days on Market 61 48 -21
Month’s Supply of Inventory 4 5 25
Percent Under Contract 16.4 15.2 -8
*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
August 2012 August 2013 %Change
Median Price $1,212,435 $1,343,750 11
Properties Sold 9 10 11
Sales Volume $11,807,268 $14,219,500 20
Properties Pending Sale 3 8 167
Properties For Sale 24 20 -17
Average Days on Market 88 52 -41
Month’s Supply of Inventory 4 1 -75
Percent Under Contract 12.5 40.0 220
*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
August 2012 August 2013 %Change
Median Price $725,000 $849,000 17
Properties Sold 23 25 9
Sales Volume $16,496,085 $22,779,100 38
Properties Pending Sale 20 23 15
Properties For Sale 65 57 -12
Average Days on Market 37 28 -24
Month’s Supply of Inventory 2 1 -50
Percent Under Contract 30.8 40.4 31
*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
August 2012 August 2013 %Change
Median Price $925,000 $1,125,000 22
Properties Sold 26 21 -19
Sales Volume $29,975,726 $31,702,675 6
Properties Pending Sale 21 26 24
Properties For Sale 103 98 -5
Average Days on Market 92 49 -47
Month’s Supply of Inventory 3 2 -33
Percent Under Contract 20.4 26.5 30
*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
August 2012 August 2013 %Change
Median Price $674,000 $744,000 10
Properties Sold 5 4 -20
Sales Volume $4,864,000 $2,710,000 -44
Properties Pending Sale 4 3 -25
Properties For Sale 19 20 5
Average Days on Market 85 35 -59
Month’s Supply of Inventory 3 5 67
Percent Under Contract 21.1 15.0 -29
*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
August 2012 August 2013 %Change
Median Price $917,500 $944,600 3
Properties Sold 16 18 13
Sales Volume $16,356,000 $21,537,700 32
Properties Pending Sale 15 20 33
Properties For Sale 77 61 -21
Average Days on Market 45 38 -16
Month’s Supply of Inventory 4 2 -50
Percent Under Contract 19.5 32.8 68
*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
August 2012 August 2013 %Change
Median Price $1,050,000 $989,000 -6
Properties Sold 17 23 35
Sales Volume $19,604,525 $27,051,555 38
Properties Pending Sale 22 14 -36
Properties For Sale 97 62 -36
Average Days on Market 75 79 5
Month’s Supply of Inventory 3 3 0
Percent Under Contract 22.7 22.6 0
*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
August 2012 August 2013 %Change
Median Price $1,662,500 $2,025,000 22
Properties Sold 10 10 0
Sales Volume $17,232,875 $23,739,000 38
Properties Pending Sale 17 20 18
Properties For Sale 221 224 1
Average Days on Market 179 98 -45
Month’s Supply of Inventory 11 9 -18
Percent Under Contract 7.7 8.9 16
*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
August 2012 August 2013 %Change
Median Price $2,400,000 $8,374,125 249
Properties Sold 6 4 -33
Sales Volume $14,500,000 $36,548,250 152
Properties Pending Sale 7 2 -71
Properties For Sale 103 79 -23
Average Days on Market 153 108 -29
Month’s Supply of Inventory 13 35 169
Percent Under Contract 6.8 2.5 -63
*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.
August 2012 August 2013 %Change
Median Price $1,370,000 $1,250,000 -9
Properties Sold 8 3 -63
Sales Volume $11,597,700 $4,515,000 -61
Properties Pending Sale 2 2 0
Properties For Sale 22 21 -5
Average Days on Market 72 65 -10
Month’s Supply of Inventory 10 9 -10
Percent Under Contract 9.1 9.5 5
Mid Los Angeles
Rodeo RealtyR o d e o R E . c om
August 2012 August 2013 %Change
Median Price $326,000 $435,000 33
Properties Sold 16 13 -19
Sales Volume $5,940,300 $6,882,000 16
Properties Pending Sale 15 19 27
Properties For Sale 64 83 30
Average Days on Market 40 27 -33
Month’s Supply of Inventory 3 3 0
Percent Under Contract 23.4 22.9 -2
*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
August 2012 August 2013 %Change
Median Price $445,000 $500,000 12
Properties Sold 6 5 -17
Sales Volume $2,849,000 $2,505,000 -12
Properties Pending Sale 8 8 0
Properties For Sale 19 24 26
Average Days on Market 84 33 -61
Month’s Supply of Inventory 1 2 100
Percent Under Contract 42.1 33.3 -21
*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.
August 2012 August 2013 %Change
Median Price $2,200,000 $2,200,000 0
Properties Sold 26 37 42
Sales Volume $64,854,270 $104,503,535 61
Properties Pending Sale 24 34 42
Properties For Sale 154 119 -23
Average Days on Market 73 64 -12
Month’s Supply of Inventory 5 2 -60
Percent Under Contract 15.6 28.6 83
Palms - Mar Vista
Rodeo RealtyR o d e o R E . c om
August 2013 August 2013 %Change
Median Price $740,000 $994,000 34
Properties Sold 23 26 13
Sales Volume $18,727,360 $30,690,323 64
Properties Pending Sale 27 26 -4
Properties For Sale 77 69 -10
Average Days on Market 56 29 -48
Month’s Supply of Inventory 2 1 -50
Percent Under Contract 35.1 37.7 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
August 2012 August 2013 %Change
Median Price $940,750 $1,370,000 46
Properties Sold 2 3 50
Sales Volume $1,881,500 $3,832,000 104
Properties Pending Sale 2 1 -50
Properties For Sale 4 75 75
Average Days on Market 87 221 154
Month’s Supply of Inventory 1 5 400
Percent Under Contract 50.0 14.3 -71
*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
August 2012 August 2013 %Change
Median Price $1,725,000 $1,768,000 2
Properties Sold 23 23 0
Sales Volume $54,106,177 $59,154,050 9
Properties Pending Sale 24 19 -21
Properties For Sale 111 82 -26
Average Days on Market 87 47 -46
Month’s Supply of Inventory 3 3 0
Percent Under Contract 21.6 23.2 7
*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
August 2012 August 2013 %Change
Median Price $679,000 $750,500 11
Properties Sold 15 18 20
Sales Volume $11,047,500 $17,113,575 55
Properties Pending Sale 20 26 30
Properties For Sale 62 67 8
Average Days on Market 55 33 -40
Month’s Supply of Inventory 2 1 -50
Percent Under Contract 32.3 38.8 20
*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
August 2012 August 2013 %Change
Median Price $1,347,497 $1,386,500 3
Properties Sold 43 40 -7
Sales Volume $80,568,247 $80,655,795 0
Properties Pending Sale 33 35 6
Properties For Sale 272 257 -6
Average Days on Market 97 45 -54
Month’s Supply of Inventory 6 5 -17
Percent Under Contract 12.1 13.6 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
August 2012 August 2013 %Change
Median Price $1,000,000 $1,350,000 35
Properties Sold 28 21 -25
Sales Volume $37,803,000 $35,566,400 -6
Properties Pending Sale 20 30 50
Properties For Sale 80 86 8
Average Days on Market 71 37 -48
Month’s Supply of Inventory 2 2 0
Percent Under Contract 25.0 34.9 40
*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
August 2012 August 2013 %Change
Median Price $1,060,000 $1,156,750 9
Properties Sold 9 6 -33
Sales Volume $9,845,695 $13,803,500 40
Properties Pending Sale 9 9 0
Properties For Sale 44 44 0
Average Days on Market 59 36 -63
Month’s Supply of Inventory 4 3 -25
Percent Under Contract 20.5 20.5 0
*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
August 2012 August 2013 %Change
Median Price $340,000 $855,000 161
Properties Sold 4 6 50
Sales Volume $1,334,000 $4,377,500 228
Properties Pending Sale 12 13 8
Properties For Sale 36 31 -14
Average Days on Market 47 24 -49
Month’s Supply of Inventory 1 1 0
Percent Under Contract 33.3 41.9 26
*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
August 2012 August 2013 %Change
Median Price $1,341,990 $1,460,000 9
Properties Sold 19 13 -32
Sales Volume $29,928,225 $25,903,565 -13
Properties Pending Sale 18 9 -50
Properties For Sale 71 52 -27
Average Days on Market 95 33 -65
Month’s Supply of Inventory 2 4 100
Percent Under Contract 25.4 17.3 -32
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
RODEO REALTY MARKETING DEPARTMENT
