Page 1


WHAT IS A MARKET WITHIN A MARKET? Just as the weather is different from Los Feliz to Santa Monica so is the Real Estate climate. While it

may be cloudy & overcast in Marina del Rey, at the same exact time, it may be warm & sunny in the Mid Wilshire area. The Real Estate market works the same way. Year-to-year there may be a significant sales increase in Venice while at the same time there is an alarming drop in sales price from the Palms – Mar Vista area even though they are literally blocks from one another.

With our vast years of experience, we at Keller Williams have come to notice that like the need for a sweater by the beach and a T-shirt in the Valley, every market within a market has a very different climate and therefore requires its own set of statistics for you to truly understand what is going on in

your neighborhood. Although you can easily access the broad national, state, and/or country trends published by the media, they may not have anything to do with what is occurring in your own backyard. After all, you wouldn’t watch a weather channel report for Seattle to decide if you need an umbrella that day would you?


WHY THIS BENEFITS YOU – OUR CLIENT Our extensive experience & knowledge has led us to notice that markets within markets may be performing in a different way from one another and from national averages.

With the current stringent lending situation, having knowledge of the specialized market trends for the neighborhood you are contemplating is vital for true success in your transaction.

Don’t be mislead by ideas that are not actual facts.

What is in fact occurring in the markets of those areas may be counterintuitive of notions or ideas you may have perceived from national averages. Knowledge is power and knowing all the facts will give you the power to make the most educated choice.


BEL AIR – HOLMBY HILLS

SFR

Median Price ……………………..…….

$1,918,000

Median Price ……………………..…….

$2,249,500

17.3%

Average Price per Square Foot ….…

$891

Average Price per Square Foot ….…

$791

-11.2%

Properties Sold ……………………….

41

Properties Sold ……………………….

49

19.5%

Properties Pending Sale ………………

40

Properties Pending Sale ………………

38

-5.0%

Properties For Sale …………….……...

170

Properties For Sale …………….……...

154

-9.4%

Days on Market (Pending Sale) ….…..

142

Days on Market (Pending Sale) ….…..

100

-29.9%

Percent Under Contract ………….……

23.53%

Percent Under Contract ………….……

24.68%

4.9%


BEVERLY CENTER – MIRACLE MILE

SFR

Median Price ……………………..…….

$999,500

Median Price ……………………..…….

$1,330,000

33.1%

Average Price per Square Foot ….…

$520

Average Price per Square Foot ….…

$600

15.4%

Properties Sold ……………………….

50

Properties Sold ……………………….

43

-14.0%

Properties Pending Sale ………………

39

Properties Pending Sale ………………

34

-12.8%

Properties For Sale …………….……...

84

Properties For Sale …………….……...

77

-8.3%

Days on Market (Pending Sale) ….…..

55

Days on Market (Pending Sale) ….…..

45

-18.2%

Percent Under Contract ………….……

46.43%

Percent Under Contract ………….……

44.16%

-4.9%


BEVERLY CENTER – MIRACLE MILE

CONDO

Median Price ……………………..…….

$552,500

Median Price ……………………..…….

$760,000

37.6%

Average Price per Square Foot ….…

$408

Average Price per Square Foot ….…

$510

25.0%

Properties Sold ……………………….

14

Properties Sold ……………………….

35

150.0%

Properties Pending Sale ………………

18

Properties Pending Sale ………………

23

27.8%

Properties For Sale …………….……...

45

Properties For Sale …………….……...

50

11.1%

Days on Market (Pending Sale) ….…..

43

Days on Market (Pending Sale) ….…..

63

47.7%

Percent Under Contract ………….……

40.00%

Percent Under Contract ………….……

46.00%

15.0%


BEVERLY HILLS

SFR

Median Price ……………………..…….

$4,085,000

Median Price ……………………..…….

$5,592,175

36.9%

Average Price per Square Foot ….…

$962

Average Price per Square Foot ….…

$1,249

29.8%

Properties Sold ……………………….

64

Properties Sold ……………………….

35

-45.3%

Properties Pending Sale ………………

52

Properties Pending Sale ………………

38

-26.9%

Properties For Sale …………….……...

159

Properties For Sale …………….……...

139

-12.6%

Days on Market (Pending Sale) ….…..

92

Days on Market (Pending Sale) ….…..

117

26.5%

Percent Under Contract ………….……

32.70%

Percent Under Contract ………….……

27.34%

-16.4%


BEVERLY HILLS

CONDO

Median Price ……………………..…….

$816,000

Median Price ……………………..…….

$1,030,000

26.2%

Average Price per Square Foot ….…

$451

Average Price per Square Foot ….…

$542

20.2%

Properties Sold ……………………….

23

Properties Sold ……………………….

19

-17.4%

Properties Pending Sale ………………

22

Properties Pending Sale ………………

20

-9.1%

Properties For Sale …………….……...

78

Properties For Sale …………….……...

73

-6.4%

Days on Market (Pending Sale) ….…..

76

Days on Market (Pending Sale) ….…..

61

-19.2%

Percent Under Contract ………….……

28.21%

Percent Under Contract ………….……

27.40%

-2.9%


BEVERLY HILLS P.O.

SFR

Median Price ……………………..…….

$1,800,000

Median Price ……………………..…….

$1,915,000

6.4%

Average Price per Square Foot ….…

$621

Average Price per Square Foot ….…

$809

30.3%

Properties Sold ……………………….

40

Properties Sold ……………………….

37

-7.5%

Properties Pending Sale ………………

36

Properties Pending Sale ………………

36

0.0%

Properties For Sale …………….……...

146

Properties For Sale …………….……...

165

13.0%

Days on Market (Pending Sale) ….…..

92

Days on Market (Pending Sale) ….…..

64

-30.5%

Percent Under Contract ………….……

24.66%

Percent Under Contract ………….……

21.82%

-11.5%


BEVERLYWOOD

SFR

Median Price ……………………..…….

$779,000

Median Price ……………………..…….

$985,000

26.4%

Average Price per Square Foot ….…

$453

Average Price per Square Foot ….…

$553

22.1%

Properties Sold ……………………….

37

Properties Sold ……………………….

42

13.5%

Properties Pending Sale ………………

35

Properties Pending Sale ………………

36

2.9%

Properties For Sale …………….……...

73

Properties For Sale …………….……...

90

23.3%

Days on Market (Pending Sale) ….…..

83

Days on Market (Pending Sale) ….…..

37

-54.8%

Percent Under Contract ………….……

47.95%

Percent Under Contract ………….……

40.00%

-16.6%


BRENTWOOD

SFR

Median Price ……………………..…….

$1,653,750

Median Price ……………………..…….

$2,330,555

40.9%

Average Price per Square Foot ….…

$806

Average Price per Square Foot ….…

$852

5.7%

Properties Sold ……………………….

76

Properties Sold ……………………….

53

-30.3%

Properties Pending Sale ………………

60

Properties Pending Sale ………………

53

-11.7%

Properties For Sale …………….……...

158

Properties For Sale …………….……...

147

-7.0%

Days on Market (Pending Sale) ….…..

95

Days on Market (Pending Sale) ….…..

66

-30.9%

Percent Under Contract ………….……

37.97%

Percent Under Contract ………….……

36.05%

-5.1%


BRENTWOOD

CONDO

Median Price ……………………..…….

$685,000

Median Price ……………………..…….

$695,000

1.5%

Average Price per Square Foot ….…

$453

Average Price per Square Foot ….…

$491

8.4%

Properties Sold ……………………….

35

Properties Sold ……………………….

43

22.9%

Properties Pending Sale ………………

39

Properties Pending Sale ………………

37

-5.1%

Properties For Sale …………….……...

107

Properties For Sale …………….……...

99

-7.5%

Days on Market (Pending Sale) ….…..

73

Days on Market (Pending Sale) ….…..

52

-28.3%

Percent Under Contract ………….……

36.45%

Percent Under Contract ………….……

37.37%

2.5%


BURBANK

SFR

Median Price ……………………..…….

$465,000

Median Price ……………………..…….

$607,650

30.7%

Average Price per Square Foot ….…

$354

Average Price per Square Foot ….…

$400

13.0%

Properties Sold ……………………….

12

Properties Sold ……………………….

14

16.7%

Properties Pending Sale ………………

11

Properties Pending Sale ………………

9

-18.2%

Properties For Sale …………….……...

30

Properties For Sale …………….……...

26

-13.3%

Days on Market (Pending Sale) ….…..

60

Days on Market (Pending Sale) ….…..

53

-11.1%

Percent Under Contract ………….……

36.67%

Percent Under Contract ………….……

34.62%

-5.6%


BURBANK

CONDO

Median Price ……………………..…….

$321,000

Median Price ……………………..…….

$400,000

24.5%

Average Price per Square Foot ….…

$271

Average Price per Square Foot ….…

$322

18.8%

Properties Sold ……………………….

2

Properties Sold ……………………….

9

350.0%

Properties Pending Sale ………………

2

Properties Pending Sale ………………

8

300.0%

Properties For Sale …………….……...

5

Properties For Sale …………….……...

13

160.0%

Days on Market (Pending Sale) ….…..

29

Days on Market (Pending Sale) ….…..

19

-34.9%

Percent Under Contract ………….……

40.00%

Percent Under Contract ………….……

61.54%

53.8%


CALABASAS

SFR

Median Price ……………………..…….

$570,500

Median Price ……………………..…….

$772,500

35.4%

Average Price per Square Foot ….…

$293

Average Price per Square Foot ….…

$408

39.2%

Properties Sold ……………………….

6

Properties Sold ……………………….

8

33.3%

Properties Pending Sale ………………

7

Properties Pending Sale ………………

5

-28.6%

Properties For Sale …………….……...

26

Properties For Sale …………….……...

26

0.0%

Days on Market (Pending Sale) ….…..

72

Days on Market (Pending Sale) ….…..

109

50.5%

Percent Under Contract ………….……

26.92%

Percent Under Contract ………….……

19.23%

-28.6%


CALABASAS

CONDO

Median Price ……………………..…….

$370,000

Median Price ……………………..…….

$390,000

5.4%

Average Price per Square Foot ….…

$247

Average Price per Square Foot ….…

$357

44.5%

Properties Sold ……………………….

1

Properties Sold ……………………….

2

100.0%

Properties Pending Sale ………………

2

Properties Pending Sale ………………

0

-100.0%

Properties For Sale …………….……...

3

Properties For Sale …………….……...

4

33.3%

Days on Market (Pending Sale) ….…..

35

Days on Market (Pending Sale) ….…..

0

-100.0%

Percent Under Contract ………….……

66.67%

Percent Under Contract ………….……

0.00%

-100.0%


CHEVIOT HILLS-RANCH PARK

SFR

Median Price ……………………..…….

$1,378,000

Median Price ……………………..…….

$1,444,000

4.8%

Average Price per Square Foot ….…

$529

Average Price per Square Foot ….…

$636

20.2%

Properties Sold ……………………….

16

Properties Sold ……………………….

18

12.5%

Properties Pending Sale ………………

12

Properties Pending Sale ………………

12

0.0%

Properties For Sale …………….……...

24

Properties For Sale …………….……...

25

4.2%

Days on Market (Pending Sale) ….…..

80

Days on Market (Pending Sale) ….…..

38

-52.1%

Percent Under Contract ………….……

50.00%

Percent Under Contract ………….……

48.00%

-4.0%


CULVER CITY

SFR

Median Price ……………………..…….

$665,000

Median Price ……………………..…….

$850,000

27.8%

Average Price per Square Foot ….…

$432

Average Price per Square Foot ….…

$560

29.6%

Properties Sold ……………………….

51

Properties Sold ……………………….

35

-31.4%

Properties Pending Sale ………………

41

Properties Pending Sale ………………

31

-24.4%

Properties For Sale …………….……...

77

Properties For Sale …………….……...

63

-18.2%

Days on Market (Pending Sale) ….…..

67

Days on Market (Pending Sale) ….…..

44

-33.8%

Percent Under Contract ………….……

53.25%

Percent Under Contract ………….……

49.21%

-7.6%


CULVER CITY

CONDO

Median Price ……………………..…….

$318,500

Median Price ……………………..…….

$395,625

24.2%

Average Price per Square Foot ….…

$291

Average Price per Square Foot ….…

$385

32.3%

Properties Sold ……………………….

32

Properties Sold ……………………….

30

-6.2%

Properties Pending Sale ………………

35

Properties Pending Sale ………………

33

-5.7%

Properties For Sale …………….……...

55

Properties For Sale …………….……...

59

7.3%

Days on Market (Pending Sale) ….…..

66

Days on Market (Pending Sale) ….…..

38

-41.8%

Percent Under Contract ………….……

63.64%

Percent Under Contract ………….……

55.93%

-12.1%


DOWNTOWN

SFR

Median Price ……………………..…….

$180,000

Median Price ……………………..…….

$255,000

41.7%

Average Price per Square Foot ….…

$151

Average Price per Square Foot ….…

$161

6.6%

Properties Sold ……………………….

13

Properties Sold ……………………….

15

15.4%

Properties Pending Sale ………………

17

Properties Pending Sale ………………

16

-5.9%

Properties For Sale …………….……...

36

Properties For Sale …………….……...

43

19.4%

Days on Market (Pending Sale) ….…..

116

Days on Market (Pending Sale) ….…..

47

-59.4%

Percent Under Contract ………….……

47.22%

Percent Under Contract ………….……

37.21%

-21.2%


DOWNTOWN

CONDO

Median Price ……………………..…….

$392,500

Median Price ……………………..…….

$505,888

28.9%

Average Price per Square Foot ….…

$415

Average Price per Square Foot ….…

$555

33.7%

Properties Sold ……………………….

98

Properties Sold ……………………….

65

-33.7%

Properties Pending Sale ………………

88

Properties Pending Sale ………………

74

-15.9%

Properties For Sale …………….……...

181

Properties For Sale …………….……...

226

24.9%

Days on Market (Pending Sale) ….…..

76

Days on Market (Pending Sale) ….…..

63

-17.2%

Percent Under Contract ………….……

48.62%

Percent Under Contract ………….……

32.74%

-32.7%


ENCINO

SFR

Median Price ……………………..…….

$752,5000

Median Price ……………………..…….

$1,050,000

39.5%

Average Price per Square Foot ….…

$335

Average Price per Square Foot ….…

$402

20.0%

Properties Sold ……………………….

20

Properties Sold ……………………….

31

55.0%

Properties Pending Sale ………………

17

Properties Pending Sale ………………

23

35.3%

Properties For Sale …………….……...

72

Properties For Sale …………….……...

81

12.5%

Days on Market (Pending Sale) ….…..

72

Days on Market (Pending Sale) ….…..

57

-21.3%

Percent Under Contract ………….……

23.61%

Percent Under Contract ………….……

28.40%

20.3%


ENCINO

CONDO

Median Price ……………………..…….

$259,500

Median Price ……………………..…….

$267,500

3.1%

Average Price per Square Foot ….…

$190

Average Price per Square Foot ….…

$230

21.1%

Properties Sold ……………………….

12

Properties Sold ……………………….

8

-33.3%

Properties Pending Sale ………………

5

Properties Pending Sale ………………

4

-20.0%

Properties For Sale …………….……...

13

Properties For Sale …………….……...

18

38.5%

Days on Market (Pending Sale) ….…..

8

Days on Market (Pending Sale) ….…..

41

391.1%

Percent Under Contract ………….……

38.46%

Percent Under Contract ………….……

22.22%

-42.2%


HANCOCK PARK-WILSHIRE

SFR

Median Price ……………………..…….

$1,250,000

Median Price ……………………..…….

$1,300,000

4.0%

Average Price per Square Foot ….…

$498

Average Price per Square Foot ….…

$588

18.1%

Properties Sold ……………………….

65

Properties Sold ……………………….

76

16.9%

Properties Pending Sale ………………

47

Properties Pending Sale ………………

58

23.4%

Properties For Sale …………….……...

111

Properties For Sale …………….……...

153

37.8%

Days on Market (Pending Sale) ….…..

85

Days on Market (Pending Sale) ….…..

48

-43.2%

Percent Under Contract ………….……

42.34%

Percent Under Contract ………….……

37.91%

-10.5%


HOLLYWOOD

SFR

Median Price ……………………..…….

$664,500

Median Price ……………………..…….

$590,000

-11.2%

Average Price per Square Foot ….…

$500

Average Price per Square Foot ….…

$434

-13.2%

Properties Sold ……………………….

14

Properties Sold ……………………….

13

-7.1%

Properties Pending Sale ………………

6

Properties Pending Sale ………………

9

50.0%

Properties For Sale …………….……...

20

Properties For Sale …………….……...

24

20.0%

Days on Market (Pending Sale) ….…..

56

Days on Market (Pending Sale) ….…..

66

18.6%

Percent Under Contract ………….……

30.00%

Percent Under Contract ………….……

37.50%

25.0%


HOLLYWOOD

CONDO

Median Price ……………………..…….

$589,000

Median Price ……………………..…….

$585,000

-0.7%

Average Price per Square Foot ….…

$420

Average Price per Square Foot ….…

$458

9.0%

Properties Sold ……………………….

41

Properties Sold ……………………….

27

-34.1%

Properties Pending Sale ………………

33

Properties Pending Sale ………………

27

-18.2%

Properties For Sale …………….……...

75

Properties For Sale …………….……...

79

5.3%

Days on Market (Pending Sale) ….…..

86

Days on Market (Pending Sale) ….…..

71

-16.9%

Percent Under Contract ………….……

44.00%

Percent Under Contract ………….……

34.18%

-22.3%


HOLLYWOOD HILLS EAST

SFR

Median Price ……………………..…….

$944,500

Median Price ……………………..…….

$1,100,000

16.5%

Average Price per Square Foot ….…

$445

Average Price per Square Foot ….…

$505

13.5%

Properties Sold ……………………….

44

Properties Sold ……………………….

33

-25.0%

Properties Pending Sale ………………

32

Properties Pending Sale ………………

28

-12.5%

Properties For Sale …………….……...

90

Properties For Sale …………….……...

86

-4.4%

Days on Market (Pending Sale) ….…..

82

Days on Market (Pending Sale) ….…..

52

-36.1%

Percent Under Contract ………….……

35.56%

Percent Under Contract ………….……

32.56%

-8.4%


LOS FELIZ

SFR

Median Price ……………………..…….

$895,000

Median Price ……………………..…….

$1,445,875

61.6%

Average Price per Square Foot ….…

$449

Average Price per Square Foot ….…

$617

37.4%

Properties Sold ……………………….

50

Properties Sold ……………………….

46

-8.0%

Properties Pending Sale ………………

45

Properties Pending Sale ………………

43

-4.4%

Properties For Sale …………….……...

115

Properties For Sale …………….……...

109

-5.2%

Days on Market (Pending Sale) ….…..

58

Days on Market (Pending Sale) ….…..

44

-23.9%

Percent Under Contract ………….……

39.13%

Percent Under Contract ………….……

39.45%

0.8%


LOS FELIZ

CONDO

Median Price ……………………..…….

$403,500

Median Price ……………………..…….

$500,000

23.9%

Average Price per Square Foot ….…

$419

Average Price per Square Foot ….…

$425

1.4%

Properties Sold ……………………….

6

Properties Sold ……………………….

7

16.7%

Properties Pending Sale ………………

5

Properties Pending Sale ………………

7

40.0%

Properties For Sale …………….……...

8

Properties For Sale …………….……...

10

25.0%

Days on Market (Pending Sale) ….…..

119

Days on Market (Pending Sale) ….…..

27

-76.9%

Percent Under Contract ………….……

62.50%

Percent Under Contract ………….……

70.00%

12.0%


MALIBU

SFR

Median Price ……………………..…….

$1,950,000

Median Price ……………………..…….

$2,398,750

23.0%

Average Price per Square Foot ….…

$584

Average Price per Square Foot ….…

$739

26.5%

Properties Sold ……………………….

52

Properties Sold ……………………….

50

-3.8%

Properties Pending Sale ………………

41

Properties Pending Sale ………………

39

-4.9%

Properties For Sale …………….……...

223

Properties For Sale …………….……...

240

7.6%

Days on Market (Pending Sale) ….…..

185

Days on Market (Pending Sale) ….…..

131

-28.9%

Percent Under Contract ………….……

18.39%

Percent Under Contract ………….……

16.25%

-11.6%


MALIBU BEACH

SFR

Median Price ……………………..…….

$5,825,000

Median Price ……………………..…….

$4,350,000

-25.3%

Average Price per Square Foot ….…

$2,289

Average Price per Square Foot ….…

$2,156

-5.8%

Properties Sold ……………………….

16

Properties Sold ……………………….

12

-25.0%

Properties Pending Sale ………………

12

Properties Pending Sale ………………

15

25.0%

Properties For Sale …………….……...

101

Properties For Sale …………….……...

87

-13.9%

Days on Market (Pending Sale) ….…..

236

Days on Market (Pending Sale) ….…..

179

-24.3%

Percent Under Contract ………….……

11.88%

Percent Under Contract ………….……

17.24%

45.1%


MARINA DEL REY

SFR

Median Price ……………………..…….

$1,680,000

Median Price ……………………..…….

$1,750,000

4.2%

Average Price per Square Foot ….…

$555

Average Price per Square Foot ….…

$616

11.0%

Properties Sold ……………………….

9

Properties Sold ……………………….

10

11.1%

Properties Pending Sale ………………

8

Properties Pending Sale ………………

6

-25.0%

Properties For Sale …………….……...

25

Properties For Sale …………….……...

31

24.0%

Days on Market (Pending Sale) ….…..

110

Days on Market (Pending Sale) ….…..

64

-42.0%

Percent Under Contract ………….……

32.00%

Percent Under Contract ………….……

19.35%

-39.5%


MARINA DEL REY

CONDO

Median Price ……………………..…….

$630,000

Median Price ……………………..…….

$686,000

8.9%

Average Price per Square Foot ….…

$472

Average Price per Square Foot ….…

$515

9.1%

Properties Sold ……………………….

63

Properties Sold ……………………….

75

19.0%

Properties Pending Sale ………………

53

Properties Pending Sale ………………

72

35.8%

Properties For Sale …………….……...

176

Properties For Sale …………….……...

217

23.3%

Days on Market (Pending Sale) ….…..

71

Days on Market (Pending Sale) ….…..

71

0.0%

Percent Under Contract ………….……

30.11%

Percent Under Contract ………….……

33.18%

10.2%


MID LOS ANGELES

SFR

Median Price ……………………..…….

$331,000

Median Price ……………………..…….

$472,5000

42.7%

Average Price per Square Foot ….…

$220

Average Price per Square Foot ….…

$310

40.9%

Properties Sold ……………………….

55

Properties Sold ……………………….

58

5.5%

Properties Pending Sale ………………

47

Properties Pending Sale ………………

54

14.9%

Properties For Sale …………….……...

95

Properties For Sale …………….……...

118

24.2%

Days on Market (Pending Sale) ….…..

48

Days on Market (Pending Sale) ….…..

62

27.5%

Percent Under Contract ………….……

49.47%

Percent Under Contract ………….……

45.76%

-7.5%


MID WILSHIRE

SFR

Median Price ……………………..…….

$412,500

Median Price ……………………..…….

$633,750

53.6%

Average Price per Square Foot ….…

$245

Average Price per Square Foot ….…

$315

28.6%

Properties Sold ……………………….

6

Properties Sold ……………………….

8

33.0%

Properties Pending Sale ………………

6

Properties Pending Sale ………………

6

0.0%

Properties For Sale …………….……...

22

Properties For Sale …………….……...

21

-4.5%

Days on Market (Pending Sale) ….…..

31

Days on Market (Pending Sale) ….…..

32

2.1%

Percent Under Contract ………….……

27.27%

Percent Under Contract ………….……

28.57%

4.8%


PACIFIC PALISADES

SFR

Median Price ……………………..…….

$2,130,000

Median Price ……………………..…….

$2,495,000

17.1%

Average Price per Square Foot ….…

$680

Average Price per Square Foot ….…

$896

31.8%

Properties Sold ……………………….

73

Properties Sold ……………………….

60

-17.8%

Properties Pending Sale ………………

60

Properties Pending Sale ………………

52

-13.3%

Properties For Sale …………….……...

166

Properties For Sale …………….……...

168

1.2%

Days on Market (Pending Sale) ….…..

105

Days on Market (Pending Sale) ….…..

60

-42.4%

Percent Under Contract ………….……

36.14%

Percent Under Contract ………….……

30.95%

-14.4%


PALMS – MAR VISTA

SFR

Median Price ……………………..…….

$799,000

Median Price ……………………..…….

$1,050,000

31.4%

Average Price per Square Foot ….…

$539

Average Price per Square Foot ….…

$605

12.2%

Properties Sold ……………………….

86

Properties Sold ……………………….

87

1.2%

Properties Pending Sale ………………

79

Properties Pending Sale ………………

70

-11.4%

Properties For Sale …………….……...

113

Properties For Sale …………….……...

117

3.5%

Days on Market (Pending Sale) ….…..

45

Days on Market (Pending Sale) ….…..

44

-3.2%

Percent Under Contract ………….……

69.91%

Percent Under Contract ………….……

59.83%

-14.4%


SANTA MONICA

SFR

Median Price ……………………..…….

$1,625,000

Median Price ……………………..…….

$1,845,000

13.5%

Average Price per Square Foot ….…

$833

Average Price per Square Foot ….…

$888

6.6%

Properties Sold ……………………….

73

Properties Sold ……………………….

59

-19.2%

Properties Pending Sale ………………

68

Properties Pending Sale ………………

48

-29.4%

Properties For Sale …………….……...

145

Properties For Sale …………….……...

118

-18.6%

Days on Market (Pending Sale) ….…..

52

Days on Market (Pending Sale) ….…..

52

0.8%

Percent Under Contract ………….……

46.90%

Percent Under Contract ………….……

40.68%

-13.3%


SANTA MONICA

CONDO

Median Price ……………………..…….

$690,000

Median Price ……………………..…….

$735,000

6.5%

Average Price per Square Foot ….…

$622

Average Price per Square Foot ….…

$666

7.1%

Properties Sold ……………………….

109

Properties Sold ……………………….

99

-9.2%

Properties Pending Sale ………………

86

Properties Pending Sale ………………

82

-4.7%

Properties For Sale …………….……...

169

Properties For Sale …………….……...

167

-1.2%

Days on Market (Pending Sale) ….…..

86

Days on Market (Pending Sale) ….…..

47

-44.6%

Percent Under Contract ………….……

50.89%

Percent Under Contract ………….……

49.10%

-3.5%


SHERMAN OAKS

SFR

Median Price ……………………..…….

$830,000

Median Price ……………………..…….

$838,000

1.0%

Average Price per Square Foot ….…

$375

Average Price per Square Foot ….…

$413

10.1%

Properties Sold ……………………….

55

Properties Sold ……………………….

46

-16.4%

Properties Pending Sale ………………

47

Properties Pending Sale ………………

47

0.0%

Properties For Sale …………….……...

114

Properties For Sale …………….……...

120

5.3%

Days on Market (Pending Sale) ….…..

58

Days on Market (Pending Sale) ….…..

48

-17.1%

Percent Under Contract ………….……

41.23%

Percent Under Contract ………….……

39.17%

-5.0%


SHERMAN OAKS

CONDO

Median Price ……………………..…….

$300,000

Median Price ……………………..…….

$410,000

36.7%

Average Price per Square Foot ….…

$257

Average Price per Square Foot ….…

$312

21.4%

Properties Sold ……………………….

20

Properties Sold ……………………….

21

5.0%

Properties Pending Sale ………………

16

Properties Pending Sale ………………

22

37.5%

Properties For Sale …………….……...

30

Properties For Sale …………….……...

36

20.0%

Days on Market (Pending Sale) ….…..

40

Days on Market (Pending Sale) ….…..

52

30.0%

Percent Under Contract ………….……

53.33%

Percent Under Contract ………….……

61.11%

14.6%


SILVER LAKE – ECHO PARK

SFR

Median Price ……………………..…….

$661,000

Median Price ……………………..…….

$837,500

26.7%

Average Price per Square Foot ….…

$456

Average Price per Square Foot ….…

$518

13.6%

Properties Sold ……………………….

56

Properties Sold ……………………….

68

21.4%

Properties Pending Sale ………………

56

Properties Pending Sale ………………

55

-1.8%

Properties For Sale …………….……...

109

Properties For Sale …………….……...

92

-15.6%

Days on Market (Pending Sale) ….…..

52

Days on Market (Pending Sale) ….…..

54

4.3%

Percent Under Contract ………….……

51.38%

Percent Under Contract ………….……

59.78%

16.4%


STUDIO CITY

SFR

Median Price ……………………..…….

$966,000

Median Price ……………………..…….

$1,031,000

6.7%

Average Price per Square Foot ….…

$472

Average Price per Square Foot ….…

$479

1.5%

Properties Sold ……………………….

29

Properties Sold ……………………….

37

27.6%

Properties Pending Sale ………………

30

Properties Pending Sale ………………

36

20.0%

Properties For Sale …………….……...

78

Properties For Sale …………….……...

111

42.3%

Days on Market (Pending Sale) ….…..

64

Days on Market (Pending Sale) ….…..

50

-21.1%

Percent Under Contract ………….……

38.46%

Percent Under Contract ………….……

32.43%

-15.7%


STUDIO CITY

CONDO

Median Price ……………………..…….

$366,050

Median Price ……………………..…….

$467,500

27.7%

Average Price per Square Foot ….…

$275

Average Price per Square Foot ….…

$348

26.5%

Properties Sold ……………………….

14

Properties Sold ……………………….

18

28.6%

Properties Pending Sale ………………

10

Properties Pending Sale ………………

14

40.0%

Properties For Sale …………….……...

19

Properties For Sale …………….……...

38

100.0%

Days on Market (Pending Sale) ….…..

57

Days on Market (Pending Sale) ….…..

41

-28.7%

Percent Under Contract ………….……

52.63%

Percent Under Contract ………….……

36.84%

-30.0%


SUNSET STRIP – HOLLYWOOD HILLS WEST

SFR

Median Price ……………………..…….

$1,336,500

Median Price ……………………..…….

$1,485,000

11.1%

Average Price per Square Foot ….…

$642

Average Price per Square Foot ….…

$770

19.9%

Properties Sold ……………………….

110

Properties Sold ……………………….

89

-19.1%

Properties Pending Sale ………………

96

Properties Pending Sale ………………

83

-13.5%

Properties For Sale …………….……...

340

Properties For Sale …………….……...

351

3.2%

Days on Market (Pending Sale) ….…..

81

Days on Market (Pending Sale) ….…..

66

-18.8%

Percent Under Contract ………….……

28.24%

Percent Under Contract ………….……

23.65%

-16.3%


SUNSET STRIP – HOLLYWOOD HILLS WEST

CONDO

Median Price ……………………..…….

$325,000

Median Price ……………………..…….

$482,500

48.5%

Average Price per Square Foot ….…

$461

Average Price per Square Foot ….…

$459

-0.4%

Properties Sold ……………………….

16

Properties Sold ……………………….

24

50.0%

Properties Pending Sale ………………

16

Properties Pending Sale ………………

23

43.8%

Properties For Sale …………….……...

48

Properties For Sale …………….……...

56

16.7%

Days on Market (Pending Sale) ….…..

79

Days on Market (Pending Sale) ….…..

52

-33.8%

Percent Under Contract ………….……

33.33%

Percent Under Contract ………….……

41.07%

23.2%


TOPANGA

SFR

Median Price ……………………..…….

$725,000

Median Price ……………………..…….

$1,070,000

47.6%

Average Price per Square Foot ….…

$412

Average Price per Square Foot ….…

$547

32.8%

Properties Sold ……………………….

19

Properties Sold ……………………….

17

-10.5%

Properties Pending Sale ………………

11

Properties Pending Sale ………………

17

54.5%

Properties For Sale …………….……...

66

Properties For Sale …………….……...

68

3.0%

Days on Market (Pending Sale) ….…..

177

Days on Market (Pending Sale) ….…..

60

-66.0%

Percent Under Contract ………….……

16.67%

Percent Under Contract ………….……

25.00%

50.0%


VENICE

SFR

Median Price ……………………..…….

$1,330,000

Median Price ……………………..…….

$1,400,000

5.3%

Average Price per Square Foot ….…

$820

Average Price per Square Foot ….…

$909

10.9%

Properties Sold ……………………….

59

Properties Sold ……………………….

63

6.8%

Properties Pending Sale ………………

44

Properties Pending Sale ………………

55

25.0%

Properties For Sale …………….……...

93

Properties For Sale …………….……...

96

3.2%

Days on Market (Pending Sale) ….…..

69

Days on Market (Pending Sale) ….…..

54

-21.9%

Percent Under Contract ………….……

47.31%

Percent Under Contract ………….……

57.29%

21.1%


VENICE

CONDO

Median Price ……………………..…….

$1,050,000

Median Price ……………………..…….

$995,000

-5.2%

Average Price per Square Foot ….…

$582

Average Price per Square Foot ….…

$610

4.8%

Properties Sold ……………………….

11

Properties Sold ……………………….

14

27.3%

Properties Pending Sale ………………

10

Properties Pending Sale ………………

9

-10.0%

Properties For Sale …………….……...

20

Properties For Sale …………….……...

20

0.0%

Days on Market (Pending Sale) ….…..

65

Days on Market (Pending Sale) ….…..

62

-3.8%

Percent Under Contract ………….……

50.00%

Percent Under Contract ………….……

45.00%

-10.0%


WEST HOLLYWOOD

SFR

Median Price ……………………..…….

$1,146,000

Median Price ……………………..…….

$1,250,000

9.1%

Average Price per Square Foot ….…

$680

Average Price per Square Foot ….…

$680

0.0%

Properties Sold ……………………….

19

Properties Sold ……………………….

27

42.1%

Properties Pending Sale ………………

14

Properties Pending Sale ………………

36

157.1%

Properties For Sale …………….……...

50

Properties For Sale …………….……...

80

60.0%

Days on Market (Pending Sale) ….…..

65

Days on Market (Pending Sale) ….…..

57

-11.6%

Percent Under Contract ………….……

28.00%

Percent Under Contract ………….……

45.00%

60.7%


WEST HOLLYWOOD

CONDO

Median Price ……………………..…….

$475,000

Median Price ……………………..…….

$652,000

37.3%

Average Price per Square Foot ….…

$427

Average Price per Square Foot ….…

$544

27.4%

Properties Sold ……………………….

67

Properties Sold ……………………….

87

29.9%

Properties Pending Sale ………………

74

Properties Pending Sale ………………

75

1.4%

Properties For Sale …………….……...

178

Properties For Sale …………….……...

193

8.4%

Days on Market (Pending Sale) ….…..

74

Days on Market (Pending Sale) ….…..

63

-14.4%

Percent Under Contract ………….……

41.57%

Percent Under Contract ………….……

38.86%

-6.5%


WEST LOS ANGELES

SFR

Median Price ……………………..…….

$707,500

Median Price ……………………..…….

$789,500

11.6%

Average Price per Square Foot ….…

$541

Average Price per Square Foot ….…

$561

3.7%

Properties Sold ……………………….

16

Properties Sold ……………………….

24

50.0%

Properties Pending Sale ………………

17

Properties Pending Sale ………………

16

-5.9%

Properties For Sale …………….……...

34

Properties For Sale …………….……...

32

-5.9%

Days on Market (Pending Sale) ….…..

41

Days on Market (Pending Sale) ….…..

62

49.5%

Percent Under Contract ………….……

50.00%

Percent Under Contract ………….……

50.00%

0.0%


WESTCHESTER

SFR

Median Price ……………………..…….

$640,000

Median Price ……………………..…….

$760,000

18.8%

Average Price per Square Foot ….…

$411

Average Price per Square Foot ….…

$468

13.9%

Properties Sold ……………………….

69

Properties Sold ……………………….

67

-2.9%

Properties Pending Sale ………………

52

Properties Pending Sale ………………

56

7.7%

Properties For Sale …………….……...

84

Properties For Sale …………….……...

75

-10.7%

Days on Market (Pending Sale) ….…..

49

Days on Market (Pending Sale) ….…..

40

-18.4%

Percent Under Contract ………….……

61.90%

Percent Under Contract ………….……

74.67%

20.6%


WESTCHESTER

CONDO

Median Price ……………………..…….

$243,000

Median Price ……………………..…….

$419,000

72.4%

Average Price per Square Foot ….…

$250

Average Price per Square Foot ….…

$335

34.0%

Properties Sold ……………………….

9

Properties Sold ……………………….

7

-22.2%

Properties Pending Sale ………………

7

Properties Pending Sale ………………

4

-42.9%

Properties For Sale …………….……...

15

Properties For Sale …………….……...

15

0.0%

Days on Market (Pending Sale) ….…..

79

Days on Market (Pending Sale) ….…..

69

-13.0%

Percent Under Contract ………….……

46.67%

Percent Under Contract ………….……

26.67%

-42.9%


WESTWOOD – CENTURY CITY

SFR

Median Price ……………………..…….

$1,400,000

Median Price ……………………..…….

$1,450,000

3.6%

Average Price per Square Foot ….…

$598

Average Price per Square Foot ….…

$680

13.7%

Properties Sold ……………………….

61

Properties Sold ……………………….

51

-16.4%

Properties Pending Sale ………………

40

Properties Pending Sale ………………

45

12.5%

Properties For Sale …………….……...

70

Properties For Sale …………….……...

90

28.6%

Days on Market (Pending Sale) ….…..

62

Days on Market (Pending Sale) ….…..

42

-31.2%

Percent Under Contract ………….……

57.14%

Percent Under Contract ………….……

50.00%

-12.5%


WESTWOOD – CENTURY CITY

CONDO

Median Price ……………………..…….

$611,000

Median Price ……………………..…….

$730,000

19.5%

Average Price per Square Foot ….…

$493

Average Price per Square Foot ….…

$675

36.9%

Properties Sold ……………………….

113

Properties Sold ……………………….

117

3.5%

Properties Pending Sale ………………

101

Properties Pending Sale ………………

106

5.0%

Properties For Sale …………….……...

305

Properties For Sale …………….……...

382

25.2%

Days on Market (Pending Sale) ….…..

106

Days on Market (Pending Sale) ….…..

78

-26.4%

Percent Under Contract ………….……

33.11%

Percent Under Contract ………….……

27.75%

-16.2%


Glossary of Terms Median Price: A value that separates the upper half of prices from the lower half of prices. It can be interpreted like an average, however the extreme prices (high and low) don’t hold undue. Average Price per Square Foot: The price per each property divided by their respective square footage then averaged across all properties sold in the area for a given time period. 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 For Sale: The number of properties on the market and seeking buyers. Days on Market (Pending Sale): The number of days that properties currently in escrow were on the market. Absorption Rate: The rate at which the inventory of home for sale are being sold. Percent Under Contract: The ratio of properties to 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.

Los Angeles Housing Market: 4th Quarter 2012 v.s. 2013  

Los Angeles housing statistics for Single Family Residences and Condominiums. Data compares housing statistics from 4th Quarter 2012 to 4th...

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