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Local Market Report

Los Angeles - Westside 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

Jan 2012

Jan 2013

Median Price $2,425,000

$1,437,500

-41

8

60

Properties Sold

5

Sales Volume $19,063,000

Properties Pending Sale

13

Properties For Sale 137

Average Days on Market

117

Month’s Supply of Inventory 9

Percent Under Contract

9.5

$27,380,000

%Change

44

11

-15

113

-18

121

3

8 9.7

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

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-15 3


Beverly Center - Miracle Mile

Jan 2012

Jan 2013

Median Price $926,289

$1,158,500

25

12

33

$12,775,000

75

14

56

54

-32

25

-74

3

-57

25.9

128

Properties Sold

9

Sales Volume $7,304,289

Properties Pending Sale

9

Properties For Sale 79

Average Days on Market

97

Month’s Supply of Inventory 6

Percent Under Contract

11.4

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

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%Change


Beverly Hills

Jan 2012

Jan 2013

Median Price $4,600,000

$6,200,000

35

5

67

$43,520,000

210

7

17

93

-26

97

-13

10

-42

7.5

57

Properties Sold

3

Sales Volume $14,050,000

Properties Pending Sale

6

Properties For Sale 125

Average Days on Market

112

Month’s Supply of Inventory 17

Percent Under Contract

4.8

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

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%Change


Beverly Hills P.O.

Jan 2012

Jan 2013

Median Price $2,205,000

$1,744,105

-21

8

-20

$15,472,410

-26

11

83

95

-36

73

-43

6

-68

11.6

186

Properties Sold

10

Sales Volume $20,870,000

Properties Pending Sale

6

Properties For Sale 148

Average Days on Market

128

Month’s Supply of Inventory 20

Percent Under Contract

4.1

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

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%Change


Beverlywood

Jan 2012

Jan 2013

%Change

Median Price $657,250

$758,000

15

9

-25

$7,313,000

-22

13

12

-8

Properties For Sale 79

41

-48

50

-44

2

-50

29.3

78

Properties Sold

12

Sales Volume $9,428,465

Properties Pending Sale

Average Days on Market

89

Month’s Supply of Inventory 4

Percent Under Contract

16.5

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

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Brentwood

Jan 2012

Jan 2013

Median Price $1,709,750

$2,051,000

20

9

-10

Properties Sold

10

Sales Volume $19,235,500

Properties Pending Sale

18

Properties For Sale 133

Average Days on Market

96

Month’s Supply of Inventory 5

Percent Under Contract

13.5

%Change

$19,556,000

2

22

22

89

-33

47

-51

2

-55

24.7

83

*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

Jan 2012

Jan 2013

Median Price $790,000

$1,300,000

65

3

0

$4,336,000

83

6

50

17

-39

22

0

2

-62

35.3

147

Properties Sold

3

Sales Volume $2,365,000

Properties Pending Sale

4

Properties For Sale 28

Average Days on Market

22

Month’s Supply of Inventory 5

Percent Under Contract

14.3

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

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%Change


Culver City

Jan 2012

Jan 2013

%Change

Median Price $595,000

$715,000

20

9

-25

$16,622,500

-7

13

15

15

Properties For Sale 59

35

-41

59

34

1

-58

42.9

95

Properties Sold

12

Sales Volume $7,107,000

Properties Pending Sale

Average Days on Market

44

Month’s Supply of Inventory 3

Percent Under Contract

22

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

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Hancock Park - Wilshire

Jan 2012

Jan 2013

%Change

Median Price $583,420

$862,500

48

10

-44

$7,637,000

-55

24

14

74

-49

84

35

2

-65

32.4

122

Properties Sold

18

Sales Volume $17,063,840

Properties Pending Sale

21

Properties For Sale 144

Average Days on Market

62

Month’s Supply of Inventory 5

Percent Under Contract

14.6

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

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Hollywood

Jan 2012

Jan 2013

%Change

Median Price $469,000

$475,000

1

3

0

Properties Sold

3

Sales Volume $1,514,000

Properties Pending Sale

1

Properties For Sale 43

Average Days on Market

132

Month’s Supply of Inventory 32

Percent Under Contract

2.3

$1,054,995

-30

3

200

16

-63

67

-49

4

-88

18.8

706

*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

Jan 2012

Jan 2013

%Change

Median Price $867,000

$875,000

1

Properties Sold

9

Sales Volume $7,800,900

Properties Pending Sale

7

-22

$4,842,000

-38

11

12

9

Properties For Sale 75

50

-33

68

13

3

-40

24

64

Average Days on Market

60

Month’s Supply of Inventory 5

Percent Under Contract

14.7

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

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Los Feliz

Jan 2012

Jan 2013

%Change

Median Price $1,046,400

$957,000

-9

17

55

$14,532,700

23

19

27

81

-29

92

28

3

-52

23.5

78

Properties Sold

11

Sales Volume $11,777,850

Properties Pending Sale

15

Properties For Sale 114

Average Days on Market

72

Month’s Supply of Inventory 6

Percent Under Contract

13.2

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

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Malibu

Jan 2012

Jan 2013

Median Price $1,737,500

$1,500,000

-14

10

67

$15,769,500

105

23

77

159

-30

127

-26

5

-64

14.5

154

Properties Sold

6

Sales Volume $7,695,000

Properties Pending Sale

13

Properties For Sale 228

Average Days on Market

171

Month’s Supply of Inventory 15

Percent Under Contract

5.7

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

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%Change


Malibu Beach

Jan 2012

Jan 2013

Median Price $5,500,000

$3,175,000

-42

2

100

$6,350,000

15

2

100

67

-30

26

-88

31

-65

3

187

Properties Sold

1

Sales Volume $5,500,000

Properties Pending Sale

1

Properties For Sale 96

Average Days on Market

221

Month’s Supply of Inventory 86

Percent Under Contract

1

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

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%Change


Marina del Rey

Jan 2012 Median Price $1,472,500

Properties Sold

4

Sales Volume $5,200,000

Properties Pending Sale

2

Properties For Sale 26

Average Days on Market

28

Month’s Supply of Inventory 10

Percent Under Contract

7.7

Jan 2013

%Change

$1,735,000

18

3

-25

$4,541,000

-13

4

100

18

-31

49

75

3

-68

22.2

189

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

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Mid Los Angeles

Jan 2012

Jan 2013

%Change

Median Price $269,000

$236,500

-12

25

-4

$4,724,000

12

40

60

133

-38

50

-38

2

-76

30.1

159

Properties Sold

26

Sales Volume $4,217,750

Properties Pending Sale

25

Properties For Sale 215

Average Days on Market

80

Month’s Supply of Inventory 7

Percent Under Contract

11.6

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

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Mid Wilshire

Jan 2012

Jan 2013

%Change

Median Price $260,000

$443,000

70

4

300

$886,000

n/a

3

50

24

-44

115

858

6

-67

12.5

169

Properties Sold

1

Sales Volume $0

Properties Pending Sale

2

Properties For Sale 43

Average Days on Market

12

Month’s Supply of Inventory 18

Percent Under Contract

4.7

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

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Pacific Palisades

Jan 2012

Jan 2013

Median Price $1,645,000

$1,668,000

Properties Sold

16

Sales Volume $36,905,500

Properties Pending Sale

13

Properties For Sale 130

Average Days on Market

61

Month’s Supply of Inventory 8

Percent Under Contract

10

%Change 1

12

-25

$25,274,830

-32

17

31

84

-35

55

-10

3

-59

20.2

102

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

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Palms - Mar Vista

Jan 2012

Jan 2013

%Change

Median Price $719,950

$784,000

9

23

28

$18,121,900

45

13

-35

51

-51

39

-57

2

-36

25.5

33

Properties Sold

18

Sales Volume $12,525,600

Properties Pending Sale

20

Properties For Sale 104

Average Days on Market

90

Month’s Supply of Inventory 4

Percent Under Contract

19.2

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

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Playa Vista

Jan 2012

Jan 2013

Median Price $0

$0

n/a

0

n/a

$0

n/a

1

1

0

Properties For Sale 3

3

0

13

-85

1

-50

Properties Sold

0

Sales Volume $0

Properties Pending Sale

Average Days on Market

89

Month’s Supply of Inventory 2

Percent Under Contract

33.3

33.3

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

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%Change

0


Santa Monica

Jan 2012

Jan 2013

Median Price $1,830,000

$2,283,750

25

12

9

$27,350,650

-4

23

15

64

-40

36

-38

2

-61

35.9

90

Properties Sold

11

Sales Volume $28,633,175

Properties Pending Sale

20

Properties For Sale 106

Average Days on Market

58

Month’s Supply of Inventory 4

Percent Under Contract

18.9

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

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%Change


Silverlake - Echo Park

Jan 2012

Jan 2013

%Change

Median Price $642,500

$603,500

-6

Properties Sold

10

Sales Volume $5,222,000

Properties Pending Sale

26

Properties For Sale 136

Average Days on Market

63

Month’s Supply of Inventory 4

Percent Under Contract

19.1

20

100

$10,080,200

93

25

-4

77

-43

81

29

2

-49

32.5

70

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

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Sunset Strip - Hollywood Hills West

Jan 2012

Jan 2013

Median Price $1,789,950

$1,429,000

-20

22

83

$36,995,000

43

34

48

207

-28

74

-13

4

-57

16.4

106

Properties Sold

12

Sales Volume $25,867,900

Properties Pending Sale

23

Properties For Sale 288

Average Days on Market

85

Month’s Supply of Inventory 10

Percent Under Contract

8

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

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%Change


Venice

Jan 2012

Jan 2013

Median Price $729,098

$1,257,000

72

13

63

$19,148,500

116

Properties Sold

8

Sales Volume $8,880,695

Properties Pending Sale

%Change

14

14

0

Properties For Sale 92

50

-46

40

-52

2

-70

28

84

Average Days on Market

83

Month’s Supply of Inventory 8

Percent Under Contract

15.2

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

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West Hollywood

Jan 2012

Jan 2013

%Change

Median Price $821,000

$682,500

-17

2

-75

$1,365,000

-81

7

-30

39

-22

24

-69

4

26

17.9

-10

Properties Sold

8

Sales Volume $7,089,000

Properties Pending Sale

10

Properties For Sale 50

Average Days on Market

78

Month’s Supply of Inventory 3

Percent Under Contract

20

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

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West Los Angeles

Jan 2012

Jan 2013

%Change

Median Price $734,000

$737,500

0

Properties Sold

9

Sales Volume $4,993,000

Properties Pending Sale

4

Properties For Sale 40

Average Days on Market

90

Month’s Supply of Inventory 8

Percent Under Contract

10

8

-11

$6,007,500

20

13

225

36

-10

44

-51

2

-81

36.1

261

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

Rodeo Realty RodeoMarketReports.com


Westwood - Century City

Jan 2012

Jan 2013

Median Price $1,278,500

$1,050,000

-18

5

-64

$7,044,000

-66

8

-11

33

-46

35

52

2

-54

24.2

64

Properties Sold

14

Sales Volume $20,753,950

Properties Pending Sale

9

Properties For Sale 61

Average Days on Market

23

Month’s Supply of Inventory 5

Percent Under Contract

14.8

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

Rodeo Realty RodeoMarketReports.com

%Change


RODEO REALTY MARKETING DEPARTMENT

January 2013 Los Angeles Area Market Report  

Contains real estate market statistics for the Los Angeles and surrounding areas of Southern California.