Los Angeles Market Update January 2014

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HOLLYWOOD HILLS EAST

SINGLE FAMILY HOME SALES

Hollywood Hills real estate means breathtaking homes in a sought-after neighborhood of Los Angeles. It is located overlooking the city in the southeastern Santa Monica Mountains. High above the city, the views of Downtown Los Angeles and the Pacific, and the calm and serenity that can be found there make the Hills a draw for many celebrities and non-celebrities alike. A number of Hollywood Hills homes can be found on the Bird Streets above the Sunset Strip, Laurel Canyon and Beachwood Canyon. Mulholland Drive, famed on its own, can be found along the top of the Hills. Homes here can range from Mid-Century masterpieces to stunning modern Architectural to traditional hillside. 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 $1,302,895 $537.47

< $1M $838,238 $475.66

$1M - $3M $1,596,363 $559.48

> $3M $$-

Average Sold Price

$1,267,264

$810,598

$1,555,684

$$-

$522.52

$458.77

$545.22

Total SFH Sold

31

12

19

-

Total SFH for Sale at End of Period

38

10

28

-

Average Sold Price per Square Foot

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

3.7

2.5

4.4

-

97%

97%

97%

0%

SFH NOV - JAN 2013

ALL

< $1M

$1M - $3M

> $3M

Average List Price

$994,937

$743,600

$1,344,017

$-

Average List Price per Square Foot

$414.29

$402.85

$423.53

$-

Average Sold Price

$965,807

$721,168

$1,305,583

$-

Average Sold Price per Square Foot

$-

$402.16

$390.70

$411.42

Total SFH Sold

43

25

18

-

Total SFH for Sale at End of Period

41

18

20

3

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

2.9

2.2

3.3

-

97%

97%

97%

0%

SFH JAN/JAN COMPARISON

ALL

< $1M

$1M - $3M

> $3M

Average List Price

31%

13%

19%

0%

Average List Price per Square Foot

30%

18%

32%

0%

Average Sold Price

31%

12%

19%

0%

Average Sold Price per Square Foot

30%

17%

33%

0%

Total SFH Sold

-28%

-52%

6%

0% -100%

Total SFH for Sale at End of Period

-7%

-44%

40%

Average Monthly Supply of Inventory

29%

16%

33%

0%

Average Sold Price/Original List Price Ratio

0%

0%

0%

0% (Source: MLS/CLAW)

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

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