Greater Los Angeles Market Update | 3-Month Ending April 2014

Page 17

CHEVIOT HILLS - RANCHO PARK

CONDOMINIUM SALES APRIL MARKET OVERVIEW

In Cheviot Hills - Rancho Park there were 8 single family home sales in April 2014, down from 11 in April 2013 and a 300% increase from the 2 sales closed last month. The average list price for single family home sales in April 2014 was $1,727,750 compared to $1,314,100 for April 2013, representing a 31% increase. For the three-month period from February to April 2014, the average list price was 35% higher than the same period of the prior year. Average sales price for April 2014 was $1,816,375, compared to that of February through April 2014, which was $1,845,187. Comparing April 2014 to March 2014, Cheviot Hills - Rancho Park saw a 19% increase in average sale price, and a 35% increase compared to same month of the prior year.

CONDOMINIUMS (CONDOS) FEB - APR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$575,000

$575,000

$-

$-

$432.33

$432.33

$-

$-

$585,000

$585,000

$-

$-

$439.85

$439.85

$-

$-

TOTAL CONDOS SOLD

1

1

-

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

-

-

-

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

-

-

-

-

102%

102%

0%

0%

ALL

< $1M

$1M - $3M

> $3M

$199,000

$199,000

$-

$-

$269.28

$269.28

$-

$-

$260,000

$260,000

$-

$-

$351.83

$351.83

$-

$-

1

1

-

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

-

-

-

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

-

-

-

-

131%

131%

0%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS FEB - APR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS APR/APR COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT

ALL

< $1M

$1M - $3M

> $3M

189%

189%

0%

0%

61%

61%

0%

0%

AVERAGE SOLD PRICE

125%

125%

0%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

25%

25%

0%

0%

TOTAL CONDOS SOLD

0%

0%

0%

0%

TOTAL CONDOS FOR SALE AT END OF PERIOD

0%

0%

0%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

0%

0%

0%

0%

-22%

-22%

0%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)

17


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