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Local Market Report

Los Angeles - Westside December 2013 At Rodeo Realty, we believe education is the key to helping clients make the best possible decisions about buying and selling homes. Our Local Market Reports provide comprehensive analyses of real estate trends in specific communities, versus quoting national, state, and/or county statistics. The fact is market conditions can vary greatly from neighborhood to neighborhood, and sometimes from one block to the next.

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Table of Contents Bel Air - Holmby Hills

2

Marina del Rey

16

Beverly Center - Miracle Mile

3

Mid Los Angeles

17

Beverly Hills

4

Mid Wilshire

18

Beverly Hills P.O.

5

Pacific Palisades

19

Beverlywood

6

Palms - Mar Vista

20

Brentwood

7

Playa Vista

21

Cheviot Hills - Rancho Park

8

Santa Monica

22

Culver City

9

Silverlake - Echo Park

23

Hancock Park - Wilshire

10

Hollywood

11

Sunset Strip Hollywood Hills West

24

Hollywood Hills East

12

Venice

25

Los Feliz

13

West Hollywood

26

Malibu

14

West Los Angeles

27

Malibu Beach

15

Westwood - Century City

28

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Bel Air-Holmby Hills

Dec. 2012

Dec. 2013

%Change

Median Price $2,059,000

$1,526,000

-26

Properties Sold

9

-50

Sales Volume $79,958,087

$16,000,500

-80

Properties Pending Sale

9

-31

Properties For Sale 126

99

-21

Average Days on Market

137

-29

18

13

192

Month’s Supply of Inventory 8

8

Percent Under Contract

9.1

10.3

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

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0 -12


Beverly Center - Miracle Mile

Dec. 2012

Dec. 2013

%Change

Median Price $999,000

$1,235,000

24

13

-38

$16,088,000

-38

12

11

-8

Properties For Sale 50

44

-12

47

38

3

0

25.0

4

Properties Sold

21

Sales Volume $26,060,960

Properties Pending Sale

Average Days on Market

34

Month’s Supply of Inventory 3

Percent Under Contract

24.0

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

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Beverly Hills

Dec. 2012

Dec. 2013

%Change

Median Price $5,097,500

$5,939,800

17

13

-46

$84,063,799

-30

7

-46

76

-24

80

-42

7

17

9.2

-29

Properties Sold

24

Sales Volume $120,257,500

Properties Pending Sale

13

Properties For Sale 100

Average Days on Market

138

Month’s Supply of Inventory 6

Percent Under Contract

13.0

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

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Beverly Hills P.O.

Dec. 2012

Dec. 2013

%Change

Median Price $1,430,000

$2,062,500

44

12

-14

$34,959,500

32

10

0

110

11

81

-41

8

0

Properties Sold

14

Sales Volume $26,424,755

Properties Pending Sale

10

Properties For Sale 99

Average Days on Market

137

Month’s Supply of Inventory 8

Percent Under Contract

10.1

9.1

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

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Beverlywood

Dec. 2012

Dec. 2013

%Change

Median Price $799,000

$1,287,500

61

14

-18

Properties Sold

17

Sales Volume $16,016,395

Properties Pending Sale

5

Properties For Sale 34

Average Days on Market

54

Month’s Supply of Inventory 5

Percent Under Contract

14.7

$17,057,500

7

9

80

45

32

44

-19

2

-60

20.0

36

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

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Brentwood

Dec. 2012

Dec. 2013

%Change

Median Price $2,150,000

$2,402,777

12

24

-25

$94,123,285

-14

21

15

-29

Properties For Sale 95

77

-19

58

-60

3

0

Properties Sold

32

Sales Volume $109,736,315

Properties Pending Sale

Average Days on Market

144

Month’s Supply of Inventory 3

Percent Under Contract

22.1

19.5

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

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Cheviot Hills - Rancho Park

Dec. 2012

Dec. 2013

%Change

Median Price $1,395,000

$1,429,000

2

Properties Sold

9

Sales Volume $14,055,601

Properties Pending Sale

3

Properties For Sale 13

Average Days on Market

13

Month’s Supply of Inventory 3

Percent Under Contract

23.1

8

-11

$11,739,000

-16

5

67

15

15

88

577

1

-67

33.3

44

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com


Culver City

Dec. 2012

Dec. 2013

%Change

Median Price $649,000

$866,050

37

19

-14

$14,053,650

14

8

-38

39

-13

33

-20

3

50

20.5

-29

Properties Sold

22

Sales Volume $12,364,900

Properties Pending Sale

13

Properties For Sale 45

Average Days on Market

41

Month’s Supply of Inventory 2

Percent Under Contract

28.9

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com


Hancock Park - Wilshire

Dec. 2012

Dec. 2013

%Change

Median Price $1,250,000

$1,150,000

-8

27

8

$37,844,780

-2

11

18

64

Properties For Sale 72

99

38

38

-53

3

-40

18.2

19

Properties Sold

25

Sales Volume $38,478,500

Properties Pending Sale

Average Days on Market

81

Month’s Supply of Inventory 5

Percent Under Contract

15.3

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com


Hollywood

Dec. 2012

Dec. 2013

%Change

Median Price $1,250,000

$500,000

-60

4

33

$2,101,000

-41

3

-50

15

-29

27

35

2

0

Properties Sold

3

Sales Volume $3,535,500

Properties Pending Sale

6

Properties For Sale 21

Average Days on Market

20

Month’s Supply of Inventory 2

Percent Under Contract

28.6

20.0

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

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Hollywood Hills East

Dec. 2012

Dec. 2013

%Change

Median Price $950,000

$1,381,000

45

7

-65

$6,858,320

-61

13

44

48

-6

71

29

2

-50

27.1

53

Properties Sold

20

Sales Volume $17,414,500

Properties Pending Sale

9

Properties For Sale 51

Average Days on Market

55

Month’s Supply of Inventory 4

Percent Under Contract

17.6

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

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Los Feliz

Dec. 2012

Dec. 2013

%Change

Median Price $880,000

$1,585,875

80

18

20

$26,841,750

83

15

15

0

Properties For Sale 89

87

-2

27

-61

3

-25

Properties Sold

15

Sales Volume $14,707,000

Properties Pending Sale

Average Days on Market

70

Month’s Supply of Inventory 4

Percent Under Contract

16.9

17.2

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

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2


Malibu

Dec. 2012

Dec. 2013

%Change

Median Price $2,187,500

$3,435,000

57

14

-42

$40,876,000

-32

9

-10

Properties Sold

24

Sales Volume $59,888,829

Properties Pending Sale

10

Properties For Sale 159

Average Days on Market

258

Month’s Supply of Inventory 13

Percent Under Contract

6.3

172

8

200

-22

14

8

5.2

-17

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com


Malibu Beach

Dec. 2012

Dec. 2013

%Change

Median Price $6,200,000

$4,300,000

-31

Properties Sold

9

Sales Volume $82,434,105

Properties Pending Sale

2

Properties For Sale 77

Average Days on Market

535

Month’s Supply of Inventory 30

Percent Under Contract

2.6

9 $58,018,126

-30

2

0

60

-22

140

-74

25

-17

3.3

28

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

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0


Marina del Rey

Dec. 2012

Dec. 2013

%Change

Median Price $1,290,000

$1,895,000

31

3

-25

$4,558,000

-16

2

100

17

70

123

392

6

-33

11.8

18

Properties Sold

4

Sales Volume $5,440,000

Properties Pending Sale

1

Properties For Sale 10

Average Days on Market

25

Month’s Supply of Inventory 9

Percent Under Contract

10.0

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com


Mid Los Angeles

Dec. 2012

Dec. 2013

%Change

Median Price $305,000

$470,000

54

27

-37

$10,177,900

10

28

17

133

-4

68

-11

3

-25

21.1

21

Properties Sold

43

Sales Volume $9,241,000

Properties Pending Sale

24

Properties For Sale 138

Average Days on Market

76

Month’s Supply of Inventory 4

Percent Under Contract

17.4

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com


Mid Wilshire

Dec. 2012

Dec. 2013

%Change

Median Price $425,000

$486,250

14

2

-33

$647,500

-54

3

-50

16

-54

30

-57

3

-25

Properties Sold

3

Sales Volume $1,395,000

Properties Pending Sale

6

Properties For Sale 35

Average Days on Market

70

Month’s Supply of Inventory 4

Percent Under Contract

17.1

18.8

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

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9


Pacific Palisades

Dec. 2012

Dec. 2013

%Change

Median Price $1,917,500

$2,805,000

46

22

-31

$73,762,351

-4

18

10

-44

Properties For Sale 89

84

-6

68

0

6

100

11.9

-41

Properties Sold

32

Sales Volume $77,172,250

Properties Pending Sale

Average Days on Market

68

Month’s Supply of Inventory 3

Percent Under Contract

20.2

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com


Palms - Mar Vista

Dec. 2013

Dec. 2013

%Change

Median Price $759,500

$1,005,055

32

28

-7

$31,462,860

40

22

17

-23

Properties For Sale 56

56

0

31

-3

2

100

30.4

-23

Properties Sold

30

Sales Volume $22,439,700

Properties Pending Sale

Average Days on Market

32

Month’s Supply of Inventory 1

Percent Under Contract

39.3

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com


Playa Vista

Dec. 2012

Dec. 2013

%Change

Median Price n/a

1,460,000

n/a

1

100

$1,460,000

n/a

0

2

200

Properties For Sale 1

3

200

56

n/a

1

100

66.7

n/a

Properties Sold

0

Sales Volume 0

Properties Pending Sale

Average Days on Market

n/a

Month’s Supply of Inventory n/a

Percent Under Contract

n/a

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com


Santa Monica

Dec. 2012

Dec. 2013

%Change

Median Price $2,216,675

$1,417,500

-36

22

-21

$41,896,811

-26

Properties Sold

28

Sales Volume $56,595,150

Properties Pending Sale

11

11

0

Properties For Sale 66

62

-6

60

25

4

0

17.7

6

Average Days on Market

48

Month’s Supply of Inventory 4

Percent Under Contract

16.7

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com


Silverlake - Echo Park

Dec. 2012

Dec. 2013

%Change

Median Price $510,000

$822,500

61

31

7

$20,170,090

42

19

13

-32

Properties For Sale 90

65

-28

100

133

Properties Sold

29

Sales Volume $14,253,000

Properties Pending Sale

Average Days on Market

43

Month’s Supply of Inventory 3

Percent Under Contract

21.1

3

0

20.0

-5

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com


Sunset Strip - Hollywood Hills West

Dec. 2012

Dec. 2013

%Change

Median Price $1,282,000

$1,656,500

29

28

-39

Properties Sold

46

Sales Volume $73,869,794

Properties Pending Sale

24

Properties For Sale 220

Average Days on Market

96

Month’s Supply of Inventory 7

Percent Under Contract

10.9

$74,798,000

1

22

-8

229

4

69

-28

7

0

9.6

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com

-12


Venice

Dec. 2012

Dec. 2013

%Change

Median Price $1,306,092

$1,592,500

22

26

18

$47,107,500

36

19

171

45

-10

38

-45

1

-83

42.2

202

Properties Sold

22

Sales Volume $34,698,185

Properties Pending Sale

7

Properties For Sale 50

Average Days on Market

69

Month’s Supply of Inventory 6

Percent Under Contract

14.0

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com


West Hollywood

Dec. 2012

Dec. 2013

%Change

Median Price $895,000

$1,261,250

41

8

14

$11,322,270

74

15

400

45

22

45

-44

1

-89

33.3

311

Properties Sold

7

Sales Volume $6,498,000

Properties Pending Sale

3

Properties For Sale 37

Average Days on Market

81

Month’s Supply of Inventory 9

Percent Under Contract

8.2

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com


West Los Angeles

Dec. 2012

Dec. 2013

%Change

Median Price $579,000

$835,500

44

8

0

$7,060,000

81

1

-83

16

-27

107

494

10

233

6.3

-77

Properties Sold

8

Sales Volume $3,889,000

Properties Pending Sale

6

Properties For Sale 22

Average Days on Market

18

Month’s Supply of Inventory 3

Percent Under Contract

27.3

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com


Westwood - Century City

Dec. 2012

Dec. 2013

%Change

Median Price $1,277,750

$1,543,000

21

22

10

$36,651,260

10

7

0

31

15

26

53

2

0

Properties Sold

20

Sales Volume $33,367,058

Properties Pending Sale

7

Properties For Sale 27

Average Days on Market

17

Month’s Supply of Inventory 2

Percent Under Contract

25.9

22.6

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Rodeo Realty RodeoRE.com

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RODEO REALTY MARKETING DEPARTMENT

December 2013 Los Angeles Westside Real Estate Market Report