Market report westside apr 2018

Local Market Report

20 18 April

Westside / Los Angeles

RodeoRE.com TM

Table of Contents Bel Air - Holmby Hills

2

Aprina del Rey

16

Beverly Center - Miracle Mile

3

Mid Los Angeles

17

Beverly Hills

4

Mid Wilshire

18

Beverly Hills P.O.

5

Palms

19

Beverlywood

6

Pacific Palisades

20

Brentwood

7

Playa Vista

21

Cheviot Hills - Rancho Park

8

Santa Monica

22

Culver City

9

Silverlake - Echo Park

23

Hancock Park

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 RodeoRE.com

Bel Air-Holmby Hills

Apr 2017

Median Price $1,640,000

Properties Sold

16

Sales Volume $82,925,655

Average Sale Price

$5,182,853

Properties For Sale 118

Average Days on Market

59

Months Supply of Inventory 7

Average List Price

$5,104,345

Apr 2018 $3,100,000

89%

9

-44%

$48,052,500

-42%

$5,339,167

3%

128

8%

81

37%

14

100%

$13,064,776

156%

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

Rodeo Realty RodeoRE.com

%Change

Beverly Center - Miracle Mile

Median Price $1,350,000

Properties Sold

30

Sales Volume $39,913,275

Average Sale Price

$1,330,443

Properties For Sale 84

Average Days on Market

47

Months Supply of Inventory 3

Average List Price

$1,814,448

Apr 2018 $1,350,000

0%

25

-17%

$38,027,900

-5%

$1,521,116

14%

58

-31%

25

-47%

2

-33%

$1,591,332

-12%

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

Rodeo Realty RodeoRE.com

%Change

v

Apr 2017

Beverly Hills

Apr 2017

Median Price $3,400,000

Properties Sold

39

Sales Volume $199,616,000

Average Sale Price

$5,118,359

Properties For Sale 253

Average Days on Market

59

Months Supply of Inventory 6

Average List Price

$6,068,947

Apr 2018 $2,465,050

-27%

29

-26%

$143,996,050

-28%

$4,965,381

-3%

216

-15%

80

36%

7

17%

$6,388,669

5%

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

Rodeo Realty RodeoRE.com

%Change

Beverly Hills P.O.

Apr 2017

Median Price $7,988,000

Properties Sold

7

Sales Volume $66,060,500

Average Sale Price

$9,437,214

Properties For Sale 144

Average Days on Market

77

Months Supply of Inventory 21

Average List Price

$5,174,385

Apr 2018 $2,375,000

-70%

13

86%

$73,505,000

11%

$5,654,231

-40%

109

-24%

85

10%

8

-62%

$5,348,341

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

Rodeo Realty RodeoRE.com

%Change

3%

Beverlywood

Apr 2017

Median Price $1,275,000

Properties Sold

21

Sales Volume $29,064,000

Average Sale Price

$1,384,000

Properties For Sale 36

Average Days on Market

29

Months Supply of Inventory 2

Average List Price

$1,296,720

Apr 2018 $1,374,000

8%

21

0%

$33,543,250

15%

$1,597,298

15%

47

31%

37

28%

2

0%

$1,537,796

19%

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

Rodeo Realty RodeoRE.com

%Change

Brentwood

Apr 2017

Median Price $1,720,000

Properties Sold

33

Sales Volume $86,825,700

Average Sale Price

$2,631,082

Properties For Sale 138

Average Days on Market

42

Months Supply of Inventory 4

Average List Price

$4,101,393

Apr 2018 $1,635,000

-5%

27

-18%

$83,178,625

-4%

$3,080,690

17%

159

15%

27

-36%

6

50%

$3,488,794

-15%

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

Rodeo Realty RodeoRE.com

%Change

Cheviot Hills - Rancho Park

Apr 2017

Median Price $1,967,000

Properties Sold

9

Sales Volume $22,882,000

Average Sale Price

$2,542,444

Properties For Sale 24

Average Days on Market

39

Months Supply of Inventory 3

Average List Price

$2,076,525

Apr 2018 $2,180,000

11%

3

-67%

$6,505,000

-72%

$2,168,333

-15%

23

-4%

41

5%

8

167%

$2,826,667

36%

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

Rodeo Realty RodeoRE.com

%Change

Culver City

Apr 2017

Median Price $1,080,000

Properties Sold

29

Sales Volume $32,561,500

Average Sale Price

$1,122,810

Properties For Sale 55

Average Days on Market

26

Months Supply of Inventory 2

Average List Price

$934,394

Apr 2018 $1,054,000

-2%

34

17%

$36,027,000

11%

$1,059,618

-6%

40

-27%

19

-27%

1

-50%

$998,190

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

Rodeo Realty RodeoRE.com

%Change

7%

Hancock Park

Apr 2017

Median Price $1,150,000

Properties Sold

49

Sales Volume $73,064,315

Average Sale Price

$1,491,108

Properties For Sale 122

Average Days on Market

51

Months Supply of Inventory 2

Average List Price

$1,423,295

Apr 2018 $1,120,000

-3%

34

-31%

$47,172,120

-35%

$1,387,415

-7%

124

2%

32

-37%

4

100%

$1,678,984

18%

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

Rodeo Realty RodeoRE.com

%Change

Hollywood

Apr 2017

Apr 2018

%Change

Median Price $687,000

$875,000

27%

13

8%

$12,487,500

40%

$960,577

29%

77

18%

45

-21%

6

20%

$908,514

25%

Properties Sold

12

Sales Volume $8,908,500

Average Sale Price

$742,375

Properties For Sale 65

Average Days on Market

57

Months Supply of Inventory 5

Average List Price

$726,500

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

Rodeo Realty RodeoRE.com

Hollywood Hills East

Apr 2017

Median Price $1,260,000

Properties Sold

15

Sales Volume $22,353,500

Average Sale Price

$1,490,233

Properties For Sale 83

Average Days on Market

51

Months Supply of Inventory 6

Average List Price

$1,671,857

Apr 2018 $1,450,000

15%

15

0%

$24,539,375

10%

$1,635,958

10%

51

-39%

56

10%

3

-50%

$1,661,851

-1%

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

Rodeo Realty RodeoRE.com

%Change

Los Feliz

Apr 2017

Median Price $1,350,000

Apr 2018 $2,160,000

60%

Properties Sold 24

Sales Volume $42,654,650

21

-13%

$49,514,750

16%

$2,357,845

33%

49

-37%

50

-15%

2

-33%

$3,051,578

81%

Average Sale Price

$1,777,277

Properties For Sale 78

Average Days on Market

59

Months Supply of Inventory 3

Average List Price

$1,688,797

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

Rodeo Realty RodeoRE.com

%Change

Malibu

Apr 2017

Median Price $1,130,000

Apr 2018

%Change

$3,012,500

167%

16

33%

$50,373,775

45%

$3,148,361

9%

192

-3%

62

77

24%

Months Supply of Inventory 17

12

-29%

Properties Sold

12

Sales Volume $34,732,500

Average Sale Price

$2,894,375

Properties For Sale 198

Average Days on Market

Average List Price

$3,823,190

$3,921,106

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

Rodeo Realty RodeoRE.com

3%

Malibu Beach

Apr 2017

Median Price $6,152,500

Properties Sold

4

Sales Volume $24,332,000

Average Sale Price

$6,083,000

Properties For Sale 78

Average Days on Market

113

Months Supply of Inventory 20

Average List Price

$8,344,071

Apr 2018 $10,000,000

63%

9

125%

$68,385,000

181%

$7,598,333

25%

80

3%

58

-49%

9

-55%

$9,521,128

14%

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

Rodeo Realty RodeoRE.com

%Change

Marina del Rey

Apr 2017

Median Price $890,000

Properties Sold

38

Sales Volume $40,020,332

Average Sale Price

$1,053,167

Properties For Sale 100

Average Days on Market

36

Months Supply of Inventory 3

Average List Price

$1,335,184

Apr 2018 $1,092,500

23%

34

-11%

$40,814,225

2%

$1,200,418

14%

91

-9%

20

-44%

3

0%

$1,277,625

-4%

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

Rodeo Realty RodeoRE.com

%Change

Mid Los Angeles

Apr 2017

Apr 2018

%Change

Median Price $610,000

$750,000

23%

35

0%

$27,273,927

16%

$779,255

16%

68

-27%

27

-13%

2

-33%

Properties Sold

35

Sales Volume $23,567,501

Average Sale Price

$673,357

Properties For Sale 93

Average Days on Market

31

Months Supply of Inventory 3

Average List Price

$851,020

$914,314

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

Rodeo Realty RodeoRE.com

7%

Mid Wilshire

Apr 2017

Apr 2018

%Change

Median Price $661,985

$670,000

1%

Properties Sold

27

Sales Volume $17,729,081

Average Sale Price

$656,633

Properties For Sale 72

Average Days on Market

55

Months Supply of Inventory 3

Average List Price

$701,475

16

-41%

$13,247,500

-25%

$827,969

26%

61

-15%

48

-13%

4

33%

$825,944

18%

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

Rodeo Realty RodeoRE.com

Pacific Palisades

Apr 2017

Median Price $2,267,500

Properties Sold

28

Sales Volume $77,383,441

Average Sale Price

$2,763,694

Properties For Sale 96

Average Days on Market

33

Months Supply of Inventory 3

Average List Price

$4,015,280

Apr 2018 $3,038,525

34%

30

7%

$130,869,938

69%

$4,362,331

58%

99

3%

56

70%

3

0%

$3,121,611

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

Rodeo Realty RodeoRE.com

%Change

-22%

Palms

Apr 2017

Median Price $1,300,000

Properties Sold

29

Sales Volume $39,120,098

Average Sale Price

$1,348,969

Properties For Sale 75

Average Days on Market

41

Months Supply of Inventory 3

Average List Price

$1,547,231

Apr 2018 $1,578,000

21%

45

55%

$72,453,169

85%

$1,610,070

19%

68

-9%

19

-54%

2

-33%

$1,639,004

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

Rodeo Realty RodeoRE.com

%Change

6%

Playa Vista

Apr 2017

Median Price $1,013,594

Properties Sold

14

Sales Volume $16,217,975

Average Sale Price

$1,158,427

Properties For Sale 38

Average Days on Market

68

Months Supply of Inventory 3

Average List Price

$1,282,012

Apr 2018 $1,170,000

15%

16

14%

$20,184,200

24%

$1,261,513

9%

27

-29%

18

-74%

2

-33%

$1,470,924

15%

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

Rodeo Realty RodeoRE.com

%Change

Santa Monica

Apr 2017

Median Price $1,650,000

Properties Sold

53

Sales Volume $112,034,114

Average Sale Price

$2,113,851

Properties For Sale 150

Average Days on Market

51

Months Supply of Inventory 3

Average List Price

$2,311,623

Apr 2018 $1,327,500

-20%

54

2%

$103,116,701

-8%

$1,909,569

-10%

169

13%

31

-39%

3

0%

$2,314,476

0%

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

Rodeo Realty RodeoRE.com

%Change

Silverlake - Echo Park

Apr 2017

Apr 2018

%Change

Median Price $885,000

$985,000

11%

33

-20%

$37,112,835

-6%

$1,124,631

17%

72

-35%

26

-54%

2

-33%

Properties Sold

41

Sales Volume $39,307,999

Average Sale Price

$958,732

Properties For Sale 110

Average Days on Market

56

Months Supply of Inventory 3

Average List Price

$1,011,884

$1,091,600

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

Rodeo Realty RodeoRE.com

8%

Sunset Strip - Hollywood Hills West

Apr 2017

Median Price $1,280,000

Properties Sold

45

Sales Volume $66,392,250

Average Sale Price

$1,475,383

Properties For Sale 287

Average Days on Market

52

Months Supply of Inventory 6

Average List Price

$3,024,757

Apr 2018 $1,400,000

9%

55

22%

$143,087,602

116%

$2,601,593

76%

292

2%

56

8%

5

-17%

$3,147,922

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

Rodeo Realty RodeoRE.com

%Change

4%

Venice

Apr 2017

Median Price $1,670,000

Properties Sold

21

Sales Volume $57,081,650

Average Sale Price

$2,718,174

Properties For Sale 75

Average Days on Market

52

Months Supply of Inventory 4

Average List Price

$2,787,013

Apr 2018 $2,000,000

20%

14

-33%

$34,352,500

-40%

$2,453,750

-10%

89

19%

48

-8%

6

50%

$2,486,214

-11%

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

Rodeo Realty RodeoRE.com

%Change

West Hollywood

Apr 2017

Apr 2018

%Change

Median Price $796,500

$924,250

16%

44

-19%

$54,385,325

-15%

$1,236,030

4%

Properties Sold

54

Sales Volume $64,360,275

Average Sale Price

$1,191,857

Properties For Sale 130

Average Days on Market

44

Months Supply of Inventory 2

Average List Price

$1,243,864

113

-13%

24

-45%

3

50%

$1,283,327

3%

*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

Apr 2017

Median Price $1,072,500

Properties Sold

18

Sales Volume $21,953,451

Average Sale Price

$1,219,636

Properties For Sale 51

Average Days on Market

42

Months Supply of Inventory 3

Average List Price

$980,273

Apr 2018 $1,088,000

1%

20

11%

$27,521,194

25%

$1,376,060

13%

48

-6%

26

-38%

2

-33%

$1,109,423

13%

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

Rodeo Realty RodeoRE.com

%Change

Westwood - Century City

Apr 2017

Median Price $868,389

Properties Sold

48

Sales Volume $70,704,509

Average Sale Price

$1,473,011

Properties For Sale 203

Average Days on Market

33

Months Supply of Inventory 4

Average List Price

$1,662,116

Apr 2018 $1,241,000

43%

67

40%

$108,820,170

54%

$1,624,182

10%

169

-17%

38

15%

3

-25%

$1,747,308

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

Rodeo Realty RodeoRE.com

%Change

5%

RODEO REALTY AprKETING DEPARTMENT