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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.

RodeoMarketReports.com


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

Rodeo Realty RodeoMarketReports.com


Bel Air-Holmby Hills

Aug 2011

Aug 2012

%Change

Median Price $1,791,609

$1,450,000

-19

11

-27

Properties Sold

15

Sales Volume $57,789,609

Properties Pending Sale

13

Properties For Sale 172

Average Days on Market

89

Month’s Supply of Inventory 11

Percent Under Contract

7.6

$18,294,000

-68

17

31

135

-22

71

-20

6

-45

12.6

67

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

Rodeo Realty RodeoMarketReports.com


Beverly Center - Miracle Mile

Aug 2011

Aug 2012

%Change

Median Price $867,500

$934,375

8

22

22

$24,773,275

74

21

17

72

-33

34

-35

2

-53

29.2

73

Properties Sold

18

Sales Volume $14,246,000

Properties Pending Sale

18

Properties For Sale 107

Average Days on Market

52

Month’s Supply of Inventory 4

Percent Under Contract

16.8

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

Rodeo Realty RodeoMarketReports.com


Beverly Hills

Aug 2011

Aug 2012

%Change

Median Price $5,275,000

$3,825,000

-27

12

-8

$44,308,900

-43

20

25

140

-7

101

7

Properties Sold

13

Sales Volume $77,467,185

Properties Pending Sale

16

Properties For Sale 151

Average Days on Market

94

Month’s Supply of Inventory 7

Percent Under Contract

10.6

5

-32

14.3

35

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

Rodeo Realty RodeoMarketReports.com


Beverly Hills P.O.

Aug 2011

Aug 2012

%Change

Median Price $1,865,000

$2,425,000

30

11

-15

$29,606,219

-26

14

100

129

-28

63

21

7

-68

10.9

176

Properties Sold

13

Sales Volume $39,846,000

Properties Pending Sale

7

Properties For Sale 178

Average Days on Market

52

Month’s Supply of Inventory 22

Percent Under Contract

3.9

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

Rodeo Realty RodeoMarketReports.com


Beverlywood

Aug 2011

Aug 2012

%Change

Median Price $815,000

$850,000

4

19

12

$20,205,000

49

17

31

64

-36

33

-33

2

-63

26.6

104

Properties Sold

17

Sales Volume $13,579,250

Properties Pending Sale

13

Properties For Sale 100

Average Days on Market

49

Month’s Supply of Inventory 6

Percent Under Contract

13

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

Rodeo Realty RodeoMarketReports.com


Brentwood

Aug 2011

Aug 2012

%Change

Median Price $1,975,000

$2,512,500

27

24

71

$87,493,460

198

Properties Sold

14

Sales Volume $29,376,970

Properties Pending Sale

22

Properties For Sale 167

Average Days on Market

65

Month’s Supply of Inventory 6

Percent Under Contract

13.2

24

9

118

-29

60

-8

3

-39

20.3

54

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

Rodeo Realty RodeoMarketReports.com


Cheviot Hills - Rancho Park

Aug 2011

Aug 2012

%Change

Median Price $1,030,000

$1,193,718

16

10

100

$11,807,268

115

5

-29

26

-46

67

-31

3

-45

19.2

32

Properties Sold

5

Sales Volume $5,500,000

Properties Pending Sale

7

Properties For Sale 48

Average Days on Market

97

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.

Rodeo Realty RodeoMarketReports.com


Culver City

Aug 2011

Aug 2012

%Change

Median Price $585,000

$725,000

24

25

92

$15,836,085

182

18

27

50

Properties For Sale 98

75

-23

47

-24

2

-56

36.0

96

Properties Sold

13

Sales Volume $5,613,000

Properties Pending Sale

Average Days on Market

62

Month’s Supply of Inventory 4

Percent Under Contract

18.4

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

Rodeo Realty RodeoMarketReports.com


Hancock Park - Wilshire

Aug 2011

Aug 2012

%Change

Median Price $890,000

$925,000

4

31

0

Properties Sold

31

Sales Volume $35,529,075

Properties Pending Sale

21

Properties For Sale 159

Average Days on Market

88

Month’s Supply of Inventory 6

Percent Under Contract

13.2

$29,975,726

-16

25

19

110

-31

89

1

3

-53

22.7

72

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

Rodeo Realty RodeoMarketReports.com


Hollywood

Aug 2011

Aug 2012

%Change

Median Price $781,000

$674,000

-14

5

400

$4,864,000

523

6

100

24

-47

148

229

3

-79

25

275

Properties Sold

1

Sales Volume $781,000

Properties Pending Sale

3

Properties For Sale 45

Average Days on Market

45

Month’s Supply of Inventory 12

Percent Under Contract

6.7

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

Rodeo Realty RodeoMarketReports.com


Hollywood Hills East

Aug 2011

Aug 2012

%Change

Median Price $865,000

$892,500

3

Properties Sold

9

Sales Volume $9,715,000

Properties Pending Sale

12

Properties For Sale 100

Average Days on Market

48

Month’s Supply of Inventory 7

Percent Under Contract

12

18

100

$15,056,000

55

17

42

89

-11

31

-35

4

-47

19.1

59

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

Rodeo Realty RodeoMarketReports.com


Los Feliz

Aug 2011

Aug 2012

Median Price $937,500

$953,500

Properties Sold

28

Sales Volume $29,522,770

Properties Pending Sale

17

Properties For Sale 136

Average Days on Market

65

Month’s Supply of Inventory 6

Percent Under Contract

12.5

%Change 2

20

-29

$18,554,525

-37

27

59

107

-21

48

-26

2

-59

25.2

102

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

Rodeo Realty RodeoMarketReports.com


Malibu

Aug 2011

Aug 2012

%Change

Median Price $1,645,000

$1,662,500

1

Properties Sold

12

Sales Volume $19,593,250

Properties Pending Sale

14

Properties For Sale 303

Average Days on Market

142

Month’s Supply of Inventory 18

Percent Under Contract

4.6

10

-17

$17,232,875

-12

19

36

212

-30

150

6

9

-52

9

94

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

Rodeo Realty RodeoMarketReports.com


Malibu Beach

Aug 2011

Aug 2012

%Change

Median Price $4,170,000

$2,400,000

-42

6

200

$12,950,000

55

9

200

103

-11

124

29

10

-72

8.7

238

Properties Sold

2

Sales Volume $8,340,000

Properties Pending Sale

3

Properties For Sale 116

Average Days on Market

96

Month’s Supply of Inventory 34

Percent Under Contract

2.6

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

Rodeo Realty RodeoMarketReports.com


Marina del Rey

Aug 2011

Aug 2012

%Change

Median Price $469,500

$1,370,000

192

8

100

$11,597,700

219

2

-33

17

-60

60

30

7

-42

11.8

69

Properties Sold

4

Sales Volume $3,369,000

Properties Pending Sale

3

Properties For Sale 43

Average Days on Market

46

Month’s Supply of Inventory 11

Percent Under Contract

7

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

Rodeo Realty RodeoMarketReports.com


Mid Los Angeles

Aug 2011

Aug 2012

%Change

Median Price $265,000

$275,000

4

37

16

$6,190,300

-17

43

43

158

-32

55

-41

2

-65

27.2

112

Properties Sold

32

Sales Volume $7,454,300

Properties Pending Sale

30

Properties For Sale 234

Average Days on Market

94

Month’s Supply of Inventory 6

Percent Under Contract

12.8

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

Rodeo Realty RodeoMarketReports.com


Mid Wilshire

Aug 2011

Aug 2012

%Change

Median Price $475,250

$445,000

-6

6

0

$2,849,000

16

9

50

23

-34

51

11

1

-74

39.1

128

Properties Sold

6

Sales Volume $2,452,500

Properties Pending Sale

6

Properties For Sale 35

Average Days on Market

46

Month’s Supply of Inventory 5

Percent Under Contract

17.1

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

Rodeo Realty RodeoMarketReports.com


Pacific Palisades

Aug 2011

Aug 2012

%Change

Median Price $1,589,300

$2,062,500

30

28

-3

$62,854,270

18

28

75

148

-16

45

-18

4

-59

18.9

109

Properties Sold

29

Sales Volume $53,362,615

Properties Pending Sale

16

Properties For Sale 177

Average Days on Market

55

Month’s Supply of Inventory 9

Percent Under Contract

9

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

Rodeo Realty RodeoMarketReports.com


Palms - Mar Vista

Aug 2011

Aug 2012

%Change

Median Price $712,500

$740,000

4

Properties Sold

40

Sales Volume $28,205,600

Properties Pending Sale

30

Properties For Sale 160

Average Days on Market

31

Month’s Supply of Inventory 4

Percent Under Contract

18.8

25

-38

$18,727,360

-34

33

10

84

-48

44

42

1

-66

39.3

110

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

Rodeo Realty RodeoMarketReports.com


Playa Vista

Aug 2011

Aug 2012

%Change

Median Price $943,750

$940,750

0

2

0

$1,881,500

0

Properties Sold

2

Sales Volume $1,887,500

Properties Pending Sale

3

2

-33

Properties For Sale 7

4

-43

64

-33

1

-23

50

17

Average Days on Market

95

Month’s Supply of Inventory 1

Percent Under Contract

42.9

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

Rodeo Realty RodeoMarketReports.com


Santa Monica

Aug 2011

Aug 2012

%Change

Median Price $1,350,000

$1,672,500

24

24

4

$54,106,177

8

26

30

113

-12

57

-2

3

-49

23

48

Properties Sold

23

Sales Volume $49,933,100

Properties Pending Sale

20

Properties For Sale 129

Average Days on Market

58

Month’s Supply of Inventory 5

Percent Under Contract

15.5

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

Rodeo Realty RodeoMarketReports.com


Silverlake - Echo Park

Aug 2011

Aug 2012

%Change

Median Price $555,000

$591,000

6

23

5

$11,047,500

7

32

39

84

-46

50

-26

1

-73

38.1

157

Properties Sold

22

Sales Volume $10,313,650

Properties Pending Sale

23

Properties For Sale 155

Average Days on Market

68

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


Sunset Strip - Hollywood Hills West

Aug 2011

Aug 2012

%Change

Median Price $1,165,000

$1,300,000

12

44

76

$74,693,247

58

37

12

268

-13

68

-9

5

-32

13.8

29

Properties Sold

25

Sales Volume $47,143,570

Properties Pending Sale

33

Properties For Sale 308

Average Days on Market

75

Month’s Supply of Inventory 7

Percent Under Contract

10.7

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

Rodeo Realty RodeoMarketReports.com


Venice

Aug 2011

Aug 2012

%Change

Median Price $975,000

$975,000

0

31

29

$37,803,000

32

25

92

82

-34

50

0

2

-74

30.5

191

Properties Sold

24

Sales Volume $28,726,975

Properties Pending Sale

13

Properties For Sale 124

Average Days on Market

50

Month’s Supply of Inventory 7

Percent Under Contract

10.5

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

Rodeo Realty RodeoMarketReports.com


West Hollywood

Aug 2011

Aug 2012

%Change

Median Price $770,000

$980,000

27

10

-29

$8,645,695

-10

10

25

45

-41

52

-4

3

-55

22.2

111

Properties Sold

14

Sales Volume $9,596,300

Properties Pending Sale

8

Properties For Sale 76

Average Days on Market

54

Month’s Supply of Inventory 7

Percent Under Contract

10.5

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

Rodeo Realty RodeoMarketReports.com


West Los Angeles

Aug 2011

Aug 2012

%Change

Median Price $587,500

$340,000

-42

4

-60

$1,334,000

-76

12

71

36

-3

47

-8

1

-58

33.3

76

Properties Sold

10

Sales Volume $5,488,000

Properties Pending Sale

7

Properties For Sale 37

Average Days on Market

51

Month’s Supply of Inventory 3

Percent Under Contract

18.9

*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

Aug 2011

Aug 2012

%Change

Median Price $1,091,000

$1,341,900

23

19

12

$29,928,225

36

19

111

66

-15

47

-25

2

-72

28.8

149

Properties Sold

17

Sales Volume $21,995,000

Properties Pending Sale

9

Properties For Sale 78

Average Days on Market

63

Month’s Supply of Inventory 6

Percent Under Contract

11.5

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

Rodeo Realty RodeoMarketReports.com


RODEO REALTY MARKETING DEPARTMENT


Los Angeles - Westside Real Estate Market Report Update