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TABLE OF CONTENTS 03

Bel Air – Hombly Hills SFR

04

Beverly Hills SFR

05

Beverly Hills Condo

06

Beverly Hills P.O. SFR

07

Brentwood SFR

08

Brentwood Condo

09

Malibu SFR

10

Malibu Beach SFR

11

Pacific Palisades SFR

12

Santa Monica SFR

13

Santa Monica Condo

14

Glossary of Terms

15

Disclaimer

Find Out The Market Trends On The Westside

DECEMEBER 2010 – DECEMBER 2011


BEL AIR – HOMBLY HILLS DEC. 2010

SFR

DEC. 2011

% CHANGE

Median Price ……………………..…….

$999,000

Median Price ……………………..…….

$864,750

-13.4%

Average Price per Square Foot ….…

$536

Average Price per Square Foot ….…

$539

0.6%

Properties Sold ……………………….

11

Properties Sold ……………………….

10

- 9.1%

Properties Pending Sale ………………

5

Properties Pending Sale ………………

11

120%

Properties For Sale …………….……...

91

Properties For Sale …………….……...

65

- 28.6%

Days on Market (Pending Sale) ….…..

62

Days on Market (Pending Sale) ….…..

46

-25.5%

Month’s supply of Inventory……….…

14.2

Month’s supply of Inventory……….…

3.5

-75.4%

Percent Under Contract ………….……

5.49%

Percent Under Contract ………….……

16.92%

208.2%


BEVERLY HILLS

SFR

DEC. 2010

DEC. 2011

% CHANGE

Median Price ……………………..…….

$3,040,000

Median Price ……………………..…….

$2,080,000

-25.0%

Average Price per Square Foot ….…

$936

Average Price per Square Foot ….…

$865

-7.6%

Properties Sold ……………………….

18

Properties Sold ……………………….

14

- 22.2%

Properties Pending Sale ………………

12

Properties Pending Sale ………………

13

8.3%

Properties For Sale …………….……...

156

Properties For Sale …………….……...

112

- 28.2%

Days on Market (Pending Sale) ….…..

45

Days on Market (Pending Sale) ….…..

57

27.4%

Month’s supply of Inventory……….…

9.7

Month’s supply of Inventory……….…

6.0

-38.1%

Percent Under Contract ………….……

7.69%

Percent Under Contract ………….……

11.61%

51.0%


BEVERLY HILLS

CONDO

DEC. 2010

DEC. 2011

% CHANGE

Median Price ……………………..…….

$725,000

Median Price ……………………..…….

$765,000

5.5%

Average Price per Square Foot ….…

$409

Average Price per Square Foot ….…

$500

22.2%

Properties Sold ……………………….

6

Properties Sold ……………………….

6

0.0%

Properties Pending Sale ………………

6

Properties Pending Sale ………………

12

100%

Properties For Sale …………….……...

108

Properties For Sale …………….……...

78

- 27.8%

Days on Market (Pending Sale) ….…..

118

Days on Market (Pending Sale) ….…..

41.7

-64.6%

Month’s supply of Inventory……….…

14.3

Month’s supply of Inventory……….…

3.9

-72.7%

Percent Under Contract ………….……

5.50%

Percent Under Contract ………….……

14.1%

153.8%


BEVERLY HILLS P.O.

SFR

DEC. 2010

DEC. 2011

% CHANGE

Median Price ……………………..…….

$2,190,768

Median Price ……………………..…….

$2,048,750

-6.5%

Average Price per Square Foot ….…

$676

Average Price per Square Foot ….…

$560

-17.2%

Properties Sold ……………………….

12

Properties Sold ……………………….

8

- 33.3%

Properties Pending Sale ………………

6

Properties Pending Sale ………………

14

133.3%

Properties For Sale …………….……...

152

Properties For Sale …………….……...

146

-3.9%

Days on Market (Pending Sale) ….…..

92

Days on Market (Pending Sale) ….…..

111

20.2%

Month’s supply of Inventory……….…

20.8

Month’s supply of Inventory……….…

7.0

-66.3%

Percent Under Contract ………….……

3.95%

Percent Under Contract ………….……

9.59%

-142.8%


BRENTWOOD

SFR

DEC. 2010

DEC. 2011

% CHANGE

Median Price ……………………..…….

$1,570,000

Median Price ……………………..…….

$2,020,000

28.7%

Average Price per Square Foot ….…

$677

Average Price per Square Foot ….…

$538

- 20.5%

Properties Sold ……………………….

17

Properties Sold ……………………….

9

- 47.1%

Properties Pending Sale ………………

16

Properties Pending Sale ………………

6

- 62.5%

Properties For Sale …………….……...

158

Properties For Sale …………….……...

124

- 21.5

Days on Market (Pending Sale) ….…..

88.5

Days on Market (Pending Sale) ….…..

92.7

4.7%

Month’s supply of Inventory……….…

7.3

Month’s supply of Inventory……….…

14.5

Percent Under Contract ………….……

10.1%

Percent Under Contract ………….……

4.9%

98.3% - 52.2%


BRENTWOOD

CONDO

DEC. 2010

DEC. 2011

% CHANGE

Median Price ……………………..…….

$632,500

Median Price ……………………..…….

$515,000

-18.6%

Average Price per Square Foot ….…

$436

Average Price per Square Foot ….…

$440

0.9%

Properties Sold ……………………….

14

Properties Sold ……………………….

9

- 35.7%

Properties Pending Sale ………………

6

Properties Pending Sale ………………

8

33.3%

Properties For Sale …………….……...

142

Properties For Sale …………….……...

70

- 50.7%

Days on Market (Pending Sale) ….…..

118

Days on Market (Pending Sale) ….…..

66

-44.4%

Month’s supply of Inventory……….…

19.7

Month’s supply of Inventory……….…

5.6

-71.6%

Percent Under Contract ………….……

4.23%

Percent Under Contract ………….……

11.43%

170.2%


MALIBU

SFR

DEC. 2010

DEC. 2011

% CHANGE

Median Price ……………………..…….

$1,605,000

Median Price ……………………..…….

$2,450,000

52.6%

Average Price per Square Foot ….…

$653

Average Price per Square Foot ….…

$836

28.0%

Properties Sold ……………………….

8

Properties Sold ……………………….

16

100%

Properties Pending Sale ………………

5

Properties Pending Sale ………………

13

160%

Properties For Sale …………….……...

261

Properties For Sale …………….……...

217

-16.9%

Days on Market (Pending Sale) ….…..

198

Days on Market (Pending Sale) ….…..

166

-16%

Month’s supply of Inventory……….…

43.3

Month’s supply of Inventory……….…

12

-72.3%

Percent Under Contract ………….……

1.92%

Percent Under Contract ………….……

5.99%

212.0%


MALIBU BEACH

SFR

DEC. 2010

DEC. 2011

% CHANGE

Median Price ……………………..…….

$1,605,000

Median Price ……………………..…….

$2,275,000

41.7%

Average Price per Square Foot ….…

$653

Average Price per Square Foot ….…

$842

28.9%

Properties Sold ……………………….

8

Properties Sold ……………………….

18

125%

Properties Pending Sale ………………

5

Properties Pending Sale ………………

13

160%

Properties For Sale …………….……...

261

Properties For Sale …………….……...

218

-16.5%

Days on Market (Pending Sale) ….…..

198

Days on Market (Pending Sale) ….…..

166

-16%

Month’s supply of Inventory……….…

43.4

Month’s supply of Inventory……….…

12.1

-72.1%

Percent Under Contract ………….……

1.92%

Percent Under Contract ………….……

5.96%

210.4%


PACIFIC PALISADES

SFR

DEC. 2010

DEC. 2011

% CHANGE

Median Price ……………………..…….

$1,567,500

Median Price ……………………..…….

$1,284,250

-18.1%

Average Price per Square Foot ….…

$707

Average Price per Square Foot ….…

$674

- 4.7%

Properties Sold ……………………….

20

Properties Sold ……………………….

19

-5.0%

Properties Pending Sale ………………

14

Properties Pending Sale ………………

15

7.1%

Properties For Sale …………….……...

176

Properties For Sale …………….……...

126

-28.4%

Days on Market (Pending Sale) ….…..

129

Days on Market (Pending Sale) ….…..

85

-34.2%

Month’s supply of Inventory……….…

9.5

Month’s supply of Inventory……….…

5.3

-44.2%

Percent Under Contract ………….……

7.95%

Percent Under Contract ………….……

11.90%

49.7%


SANTA MONICA

SFR

DEC. 2010

DEC. 2011

% CHANGE

Median Price ……………………..…….

$2,275,000

Median Price ……………………..…….

$1,709,000

-24.9%

Average Price per Square Foot ….…

$820

Average Price per Square Foot ….…

$782

- 4.6%

Properties Sold ……………………….

12

Properties Sold ……………………….

18

50.0%

Properties Pending Sale ………………

18

Properties Pending Sale ………………

15

-16.7%

Properties For Sale …………….……...

125

Properties For Sale …………….……...

103

-17.6%

Days on Market (Pending Sale) ….…..

116

Days on Market (Pending Sale) ….…..

92

-20.8%

Month’s supply of Inventory……….…

5.1

Month’s supply of Inventory……….…

4.1

-19.6%

Percent Under Contract ………….……

14.40%

Percent Under Contract ………….……

14.56%

1.1%


SANTA MONICA

CONDO

DEC. 2010

DEC. 2011

% CHANGE

Median Price ……………………..…….

$803,250

Median Price ……………………..…….

$665,000

-17.2%

Average Price per Square Foot ….…

$601

Average Price per Square Foot ….…

$522

-13.1%

Properties Sold ……………………….

34

Properties Sold ……………………….

25

-26.5%

Properties Pending Sale ………………

29

Properties Pending Sale ………………

17

-41.4%

Properties For Sale …………….……...

241

Properties For Sale …………….……...

149

-38.2%

Days on Market (Pending Sale) ….…..

75

Days on Market (Pending Sale) ….…..

81

8.2%

Month’s supply of Inventory……….…

5.9

Month’s supply of Inventory……….…

6.0

1.7%

Percent Under Contract ………….……

12.03%

Percent Under Contract ………….……

11.41%

-5.2%


GLOSSARY OF TERMS Median Price: A value that separates the upper half of

Properties For Sale: The number of properties on the

prices from the lower half of prices. It can be interpreted

market and seeking buyers.

like an average, however the extreme prices (high and low) don’t hold undue.

Days on Market (Pending Sale): The number of days that properties currently in escrow were on the market.

Average Price per Square Foot: The price per each property divided by their respective square footage

Absorption Rate: The rate at which the inventory of

then averaged across all properties sold in the area for a

home for sale are being sold.

given time period. Percent Under Contract: The ratio of properties to Properties Sold: The number of property transactions that closed and transferred ownership.

Properties Pending Sale: The number of properties that entered escrow in preparation for sale.

properties sale.


DISCLAIMER Information obtained from Broker Metrics and DataQuick. Broker Metrics and DataQuick statistics are subject to change due to individual real estate company reporting disciplines. The information provided herein is from sources we believe to be reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it. For More Information, Contact: Jim Miller Residential Realty Jim Miller Residential Realty Cell: 310.779.6422 Fax: 310.564.7779 E-Mail: Jim@JimMillerRealty.com www.JimMillerRealty.com


Jim Miller Residential Reatly - Market Report