Los Angeles Market Update January 2014

Page 16

CHEVIOT HILLS - RANCHO PARK

SINGLE FAMILY HOME SALES

Cheviot Hills and Rancho Park are both situated within a short drive of Fox Studios and Sony Studios. Cheviot Hills provides excellent views of much of the Los Angeles. Cheviot Hills’ gently rolling hills are reminiscent of the Cheviot Hills area of Scotland, which is how the area got its name. Rancho Park, though a small residential neighborhood in West Los Angeles, is one of the few districts in Los Angeles where fall foliage can be seen. Nestled between Westwood and Cheviot Hills, Rancho Park is mostly filled with single-family homes and tree-lined streets. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot

ALL $1,534,527 $627.26

< $1M $939,300 $493.16

$1M - $3M $1,683,333 $657.14

> $3M $$-

Average Sold Price

$1,525,133

$902,000

$1,680,917

$$-

$626.44

$473.57

$660.49

Total SFH Sold

15

3

12

-

Total SFH for Sale at End of Period

2

-

1

1

Average Sold Price per Square Foot

Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio

0.4

-

0.3

-

99%

96%

100%

0%

ALL

< $1M

$1M - $3M

> $3M

$1,591,118

$784,500

$1,725,917

$3,200,000

SFH NOV - JAN 2013 Average List Price Average List Price per Square Foot Average Sold Price

$584.52

$472.23

$571.58

$927.54

$1,587,506

$770,500

$1,725,467

$3,200,000

$585.38

$463.81

$574.35

$927.54

Total SFH Sold

17

4

12

1

Total SFH for Sale at End of Period

10

2

8

-

Average Monthly Supply of Inventory

1.8

1.5

2.0

-

100%

98%

100%

100%

Average Sold Price per Square Foot

Average Sold Price/Original List Price Ratio

SFH JAN/JAN COMPARISON

ALL

< $1M

$1M - $3M

> $3M

Average List Price

-4%

20%

-2%

-100%

Average List Price per Square Foot

7%

4%

15%

-100%

Average Sold Price

-4%

17%

-3%

-100%

7%

2%

15%

-100%

-12%

-25%

0%

-100%

Total SFH for Sale at End of Period

-80%

-100%

-88%

0%

Average Monthly Supply of Inventory

-77%

-100%

-88%

0%

0%

-2%

0%

-100%

Average Sold Price per Square Foot Total SFH Sold

Average Sold Price/Original List Price Ratio

(Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles

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