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
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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