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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

May 2012

May 2013

Median Price $2,420,000

$1,885,000

-22

9

-44

Properties Sold

16

Sales Volume $72,864,500

Properties Pending Sale

16

Properties For Sale 140

Average Days on Market

53

Month’s Supply of Inventory 7

Percent Under Contract

11.4

$27,936,999

%Change

-62

17

6

116

-17

63

19

5

-29

14.7

28

*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

May 2012

May 2013 %Change

Median Price $916,500

$1,117,500

22

30

36

$36,914,401

83

21

29

38

Properties For Sale 92

75

-18

30

-19

1

-67

38.7

69

Properties Sold

22

Sales Volume $20,156,135

Properties Pending Sale

Average Days on Market

37

Month’s Supply of Inventory 3

Percent Under Contract

22.8

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

Rodeo Realty RodeoMarketReports.com


Beverly Hills

May 2012

May 2013

Median Price $6,975,000

$4,575,000

-34

18

50

$87,282,307

-47

20

18

109

-30

76

-50

4

-43

18.3

67

Properties Sold

12

Sales Volume $163,503,000

Properties Pending Sale

17

Properties For Sale 155

Average Days on Market

152

Month’s Supply of Inventory 7

Percent Under Contract

11

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

Rodeo Realty RodeoMarketReports.com

%Change


Beverly Hills P.O.

May 2012

May 2013

Median Price $2,412,500

$2,268,000

-6

12

-40

$35,886,355

-19

Properties Sold

20

Sales Volume $44,355,000

Properties Pending Sale

12

Properties For Sale 143

Average Days on Market

104

Month’s Supply of Inventory 10

Percent Under Contract

8.4

%Change

13

8

103

-28

51

-51

6

-40

12.6

50

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

Rodeo Realty RodeoMarketReports.com


Beverlywood

May 2012

May 2013

%Change

Median Price $760,000

$814,810

7

Properties Sold

19

10

-47

$7,097,420

-48

28

21

-25

Properties For Sale 89

56

-37

31

-45

1

-50

37.5

19

Sales Volume $13,655,750

Properties Pending Sale

Average Days on Market

56

Month’s Supply of Inventory 2

Percent Under Contract

31.5

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

Rodeo Realty RodeoMarketReports.com


Brentwood

May 2012

May 2013

Median Price $1,806,500

$2,710,000

50

27

69

$85,370,060

86

30

25

119

-26

49

-21

3

-40

25.2

69

Properties Sold

16

Sales Volume $45,956,518

Properties Pending Sale

24

Properties For Sale 161

Average Days on Market

62

Month’s Supply of Inventory 5

Percent Under Contract

14.9

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

Rodeo Realty RodeoMarketReports.com

%Change


Cheviot Hills - Rancho Park

May 2012

May 2013

Median Price $988,500

$1,222,500

24

3

-40

$3,285,025

-37

11

83

35

17

14

-70

2

-33

31.4

57

Properties Sold

5

Sales Volume $5,198,500

Properties Pending Sale

6

Properties For Sale 30

Average Days on Market

47

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.

Rodeo Realty RodeoMarketReports.com

%Change


Culver City

May 2012

May 2013 %Change

Median Price $672,000

$713,000

6

19

19

$11,895,000

46

19

29

53

Properties For Sale 71

63

-11

26

-26

1

-50

46

72

Properties Sold

16

Sales Volume $8,157,500

Properties Pending Sale

Average Days on Market

35

Month’s Supply of Inventory 2

Percent Under Contract

26.8

*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

May 2012

May 2013

%Change

Median Price $987,500

$1,115,000

13

31

48

$47,767,500

84

32

39

122

-12

37

-54

2

-60

26.2

59

Properties Sold

21

Sales Volume $25,923,000

Properties Pending Sale

23

Properties For Sale 139

Average Days on Market

80

Month’s Supply of Inventory 5

Percent Under Contract

16.5

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

Rodeo Realty RodeoMarketReports.com


Hollywood

May 2012

May 2013

%Change

Median Price $361,000

$612,000

70

7

-30

$4,157,000

20

6

-14

29

-26

42

-61

3

-25

20.7

15

Properties Sold

10

Sales Volume $3,477,000

Properties Pending Sale

7

Properties For Sale 39

Average Days on Market

109

Month’s Supply of Inventory 4

Percent Under Contract

17.9

*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

May 2012

May 2013

%Change

Median Price $850,000

$897,500

6

16

-6

$15,635,865

13

14

20

43

Properties For Sale 94

75

-20

66

144

2

-60

26.7

79

Properties Sold

17

Sales Volume $13,812,420

Properties Pending Sale

Average Days on Market

27

Month’s Supply of Inventory 5

Percent Under Contract

14.9

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

Rodeo Realty RodeoMarketReports.com


Los Feliz

May 2012

May 2013

%Change

Median Price $829,000

$1,020,000

23

15

0

$30,324,990

-3

Properties Sold

25

Sales Volume $31,346,557

Properties Pending Sale

16

Properties For Sale 101

Average Days on Market

80

Month’s Supply of Inventory 5

Percent Under Contract

15.8

35

119

107

6

52

-35

2

-60

32.7

106

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

Rodeo Realty RodeoMarketReports.com


Malibu

May 2012

May 2013

Median Price $1,410,000

$2,375,000

68

7

-59

$12,814,000

-53

19

58

207

-17

162

23

9

-50

9.2

91

Properties Sold

17

Sales Volume $27,472,000

Properties Pending Sale

12

Properties For Sale 250

Average Days on Market

132

Month’s Supply of Inventory 18

Percent Under Contract

4.8

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

Rodeo Realty RodeoMarketReports.com

%Change


Malibu Beach

May 2012

May 2013

Median Price $4,367,500

$2,250,000

-48

3

-40

$9,500,000

-58

3

-63

85

-15

128

-80

21

110

3.5

-56

Properties Sold

5

Sales Volume $22,757,500

Properties Pending Sale

8

Properties For Sale 100

Average Days on Market

648

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.

Rodeo Realty RodeoMarketReports.com

%Change


Marina del Rey

May 2012 Median Price $1,560,000

Properties Sold

7

Sales Volume $7,715,000

Properties Pending Sale

3

Properties For Sale 31

Average Days on Market

132

Month’s Supply of Inventory 7

Percent Under Contract

9.7

May 2013 %Change $2,030,177

30

2

-71

$4,060,355

-47

5

67

17

-45

37

-72

2

-71

29.4

204

*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

May 2012

May 2013

%Change

Median Price $250,625

$445,000

78

35

17

$13,082,570

111

Properties Sold

30

Sales Volume $6,191,950

Properties Pending Sale

31

Properties For Sale 180

Average Days on Market

60

Month’s Supply of Inventory 4

Percent Under Contract

17.2

29

-6

101

-44

28

-53

2

-50

28.7

67

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

Rodeo Realty RodeoMarketReports.com


Mid Wilshire

May 2012

May 2013

%Change

Median Price $357,750

$435,000

22

3

-63

$1,085,000

-28

2

-75

23

-44

18

-73

8

100

8.7

-55

Properties Sold

8

Sales Volume $1,499,900

Properties Pending Sale

8

Properties For Sale 41

Average Days on Market

66

Month’s Supply of Inventory 4

Percent Under Contract

19.5

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

Rodeo Realty RodeoMarketReports.com


Pacific Palisades

May 2012

May 2013

Median Price $1,730,000

$2,000,000

16

35

52

$84,678,300

58

36

71

132

-22

63

47

2

-67

27.3

119

Properties Sold

23

Sales Volume $53,440,156

Properties Pending Sale

21

Properties For Sale 169

Average Days on Market

43

Month’s Supply of Inventory 6

Percent Under Contract

12.4

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

Rodeo Realty RodeoMarketReports.com

%Change


Palms - Mar Vista

May 2012

May 2013 %Change

Median Price $673,000

$954,250

42

26

30

$23,474,900

69

30

-12

81

-25

25

4

1

-50

37

18

Properties Sold

20

Sales Volume $13,873,100

Properties Pending Sale

34

Properties For Sale 108

Average Days on Market

24

Month’s Supply of Inventory 2

Percent Under Contract

31.5

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

Rodeo Realty RodeoMarketReports.com


Playa Vista

May 2012

May 2013

%Change

Median Price $1,072,000

$1,250,000

17

1

0

Properties Sold

1

Sales Volume $0

$1,250,000

n/a

0

1

n/a

Properties For Sale 6

5

-17

83

n/a

4

n/a

20

n/a

Properties Pending Sale

Average Days on Market

0

Month’s Supply of Inventory 0

Percent Under Contract

0

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

Rodeo Realty RodeoMarketReports.com


Santa Monica

May 2012

May 2013

Median Price $1,968,888

$1,620,000

-18

29

38

$62,244,500

34

27

8

84

-29

39

-39

2

-33

32.1

52

Properties Sold

21

Sales Volume $46,405,460

Properties Pending Sale

25

Properties For Sale 118

Average Days on Market

64

Month’s Supply of Inventory 3

Percent Under Contract

21.2

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

Rodeo Realty RodeoMarketReports.com

%Change


Silverlake - Echo Park

May 2012

May 2013

%Change

Median Price $477,000

$692,000

45

30

20

$16,867,153

91

34

21

82

-30

27

-39

1

-67

41.5

73

Properties Sold

25

Sales Volume $8,836,138

Properties Pending Sale

28

Properties For Sale 117

Average Days on Market

44

Month’s Supply of Inventory 3

Percent Under Contract

23.9

*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

May 2012

May 2013 %Change

Median Price $1,267,000

$1,362,500

8

48

26

$113,172,500

77

47

27

231

-29

45

-40

3

-57

20.3

78

Properties Sold

38

Sales Volume $63,944,550

Properties Pending Sale

37

Properties For Sale 324

Average Days on Market

75

Month’s Supply of Inventory 7

Percent Under Contract

11.4

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

Rodeo Realty RodeoMarketReports.com


Venice

May 2012

May 2013

Median Price $840,000

$1,424,500

70

18

-5

$26,309,000

55

33

57

84

-24

41

-31

1

-67

39.3

108

Properties Sold

19

Sales Volume $16,988,015

Properties Pending Sale

21

Properties For Sale 111

Average Days on Market

59

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

%Change


West Hollywood

May 2012

May 2013

Median Price $880,000

$1,085,000

23

16

14

$18,130,870

55

10

13

30

Properties For Sale 52

35

-33

45

22

1

-75

37.1

93

Properties Sold

14

Sales Volume $11,662,000

Properties Pending Sale

Average Days on Market

37

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.

Rodeo Realty RodeoMarketReports.com

%Change


West Los Angeles

May 2012

May 2013

%Change

Median Price $570,000

$749,000

31

9

50

$4,838,500

57

7

-13

18

-55

13

-82

1

-67

38.9

94

Properties Sold

6

Sales Volume $3,089,000

Properties Pending Sale

8

Properties For Sale 40

Average Days on Market

73

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.

Rodeo Realty RodeoMarketReports.com


Westwood - Century City

May 2012

May 2013

Median Price $1,165,250

$1,490,050

28

22

0

$39,507,801

31

19

22

16

Properties For Sale 80

49

-39

17

-47

1

-67

44.9

89

Properties Sold

22

Sales Volume $30,119,311

Properties Pending Sale

Average Days on Market

32

Month’s Supply of Inventory 3

Percent Under Contract

23.8

*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


Los Angeles area Market Report May 2013