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Local Market Report

Los Angeles - Westside September 2013 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

Sept. 2012

Sept. 2013

%Change

Median Price $1,378,999

$1,650,000

20

Properties Sold

13

-24

17

Sales Volume $44,627,388

Properties Pending Sale

10

$41,406,800

-7

15

50

Properties For Sale 132

131

-1

Average Days on Market

111

5

106

Month’s Supply of Inventory 11

7

-36

Percent Under Contract

11.5

51

7.6

*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

Sept. 2012

Sept. 2013

%Change

Median Price $1,075,000

$1,129,444

5

18

20

$19,953,433

16

14

14

0

Properties For Sale 65

47

-28

33

-59

2

-33

29.8

38

Properties Sold

15

Sales Volume $17,170,530

Properties Pending Sale

Average Days on Market

80

Month’s Supply of Inventory 3

Percent Under Contract

21.5

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

Rodeo Realty RodeoRE.com


Beverly Hills

Sept. 2012

Sept. 2013

%Change

Median Price $3,984,531

$4,120,000

3

13

-7

$58,798,166

-20

8

-56

133

22

79

54

-32

Month’s Supply of Inventory 6

11

83

6.0

-64

Properties Sold

14

Sales Volume $73,406,448

Properties Pending Sale

18

Properties For Sale 109

Average Days on Market

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 RodeoRE.com


Beverly Hills P.O.

Sept. 2012

Sept. 2013

%Change

Median Price $1,861,250

$1,700,000

-9

16

0

$39,332,000

31

17

21

136

9

68

-46

6

-14

12.5

12

Properties Sold

16

Sales Volume $30,004,370

Properties Pending Sale

14

Properties For Sale 125

Average Days on Market

125

Month’s Supply of Inventory 7

Percent Under Contract

11.2

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

Rodeo Realty RodeoRE.com


Beverlywood

Sept. 2012

Sept. 2013

%Change

Median Price $752,500

$1,040,000

38

14

-13

$13,061,000

13

17

143

61

11

53

61

2

-71

27.9

119

Properties Sold

16

Sales Volume $11,573,500

Properties Pending Sale

7

Properties For Sale 55

Average Days on Market

33

Month’s Supply of Inventory 7

Percent Under Contract

12.7

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

Rodeo Realty RodeoRE.com


Brentwood

Sept. 2012

Sept. 2013

%Change

Median Price $1,796,241

$2,180,000

21

26

-11

$33,472,000

-14

Properties Sold

18

Sales Volume $38,709,558

Properties Pending Sale

16

Properties For Sale 122

Average Days on Market

76

Month’s Supply of Inventory 6

Percent Under Contract

13.1

16

0

106

-13

39

-49

5

-17

15.1

15

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

Rodeo Realty RodeoRE.com


Cheviot Hills - Rancho Park

Sept. 2012

Sept. 2013

%Change

Median Price $1,162,500

$1,211,000

4

Properties Sold

2

Sales Volume $2,325,000

Properties Pending Sale

3

Properties For Sale 23

Average Days on Market

38

Month’s Supply of Inventory 5

Percent Under Contract

13.0

9

250

$13,554,500

483

8

167

16

-30

32

-16

1

-80

50.0

283

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

Rodeo Realty RodeoRE.com


Culver City

Sept. 2012

Sept. 2013

Median Price $647,500

$757,250

17

22

0

$14,763,000

12

12

18

50

Properties For Sale 61

54

-11

37

3

1

-75

33.3

69

Properties Sold

22

Sales Volume $13,222,265

Properties Pending Sale

Average Days on Market

36

Month’s Supply of Inventory 4

Percent Under Contract

19.7

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

Rodeo Realty RodeoRE.com

%Change


Hancock Park - Wilshire

Sept. 2012

Sept. 2013

%Change

Median Price $825,000

$1,140,000

38

25

0

$32,470,000

43

31

19

123

16

35

-48

2

-33

Properties Sold

25

Sales Volume $22,755,870

Properties Pending Sale

26

Properties For Sale 106

Average Days on Market

67

Month’s Supply of Inventory 3

Percent Under Contract

24.5

25.2

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

Rodeo Realty RodeoRE.com

3


Hollywood

Sept. 2012

Sept. 2013

Median Price $850,000

$572,000

-33

5

67

$1,930,000

45

9

-10

32

0

41

-9

2

0

Properties Sold

3

Sales Volume $1,329,000

Properties Pending Sale

10

Properties For Sale 32

Average Days on Market

45

Month’s Supply of Inventory 2

Percent Under Contract

31.3

28.1

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

Rodeo Realty RodeoRE.com

%Change

-10


Hollywood Hills East

Sept. 2012

Sept. 2013

%Change

Median Price $1,000,000

$1,095,000

10

13

18

$15,437,830

106

17

15

-12

Properties For Sale 84

72

-14

60

-38

3

-25

Properties Sold

11

Sales Volume $7,507,000

Properties Pending Sale

Average Days on Market

96

Month’s Supply of Inventory 4

Percent Under Contract

20.2

20.8

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

Rodeo Realty RodeoRE.com

3


Los Feliz

Sept. 2012

Sept. 2013

%Change

Median Price $852,000

$1,320,000

55

19

-5

$22,931,150

1

Properties Sold

20

Sales Volume $22,760,330

Properties Pending Sale

20

Properties For Sale 105

Average Days on Market

75

Month’s Supply of Inventory 3

Percent Under Contract

19.0

16

-20

82

-22

100

33

3

0

19.5

2

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

Rodeo Realty RodeoRE.com


Malibu

Sept. 2012

Sept. 2013

%Change

Median Price $2,151,228

$1,712,500

-20

18

13

$34,699,000

-20

24

26

227

4

141

24

7

-22

10.6

22

Properties Sold

16

Sales Volume $43,495,207

Properties Pending Sale

19

Properties For Sale 219

Average Days on Market

114

Month’s Supply of Inventory 9

Percent Under Contract

8.7

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

Rodeo Realty RodeoRE.com


Malibu Beach

Sept. 2012

Sept. 2013

%Change

Median Price $6,500,000

$5,353,750

-18

2

-71

$10,707,500

-85

3

-25

80

-15

92

-15

23

15

3.8

-12

Properties Sold

7

Sales Volume $72,718,890

Properties Pending Sale

4

Properties For Sale 94

Average Days on Market

108

Month’s Supply of Inventory 20

Percent Under Contract

4.3

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

Rodeo Realty RodeoRE.com


Marina del Rey

Sept. 2012

Sept. 2013

Median Price $1,494,500

$976,000

-35

1

-67

$976,000

-73

Properties Sold

3

Sales Volume $3,588,500

Properties Pending Sale

3

Properties For Sale 19

Average Days on Market

43

Month’s Supply of Inventory 4

Percent Under Contract

15.8

3

0

20

5

32

-26

5

25

15.0

-5

*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

Sept. 2012

Sept. 2013

Median Price $320,250

$456,431

43

22

10

$8,069,863

146

37

42

166

8

47

-15

3

-40

22.3

31

Properties Sold

20

Sales Volume $3,283,400

Properties Pending Sale

26

Properties For Sale 153

Average Days on Market

55

Month’s Supply of Inventory 5

Percent Under Contract

17.0

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

Rodeo Realty RodeoRE.com

%Change


Mid Wilshire

Sept. 2012

Sept. 2013

Median Price $415,000

$527,500

27

4

-43

$1,650,000

-3

6

20

32

-14

60

-54

3

-50

18.8

39

Properties Sold

7

Sales Volume $1,692,900

Properties Pending Sale

5

Properties For Sale 37

Average Days on Market

130

Month’s Supply of Inventory 6

Percent Under Contract

13.5

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

Rodeo Realty RodeoRE.com

%Change


Pacific Palisades

Sept. 2012

Sept. 2013

%Change

Median Price $2,300,000

$2,255,000

-2

27

4

Properties Sold

26

Sales Volume $77,180,875

Properties Pending Sale

19

Properties For Sale 142

Average Days on Market

50

Month’s Supply of Inventory 6

Percent Under Contract

13.4

$68,184,299

-12

14

-26

101

-29

49

-2

6

0

13.9

4

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

Rodeo Realty RodeoRE.com


Palms - Mar Vista

Sept. 2013

Sept. 2013

Median Price $750,000

$905,000

21

25

-40

$22,358,000

-30

29

28

-3

Properties For Sale 86

92

7

17

-53

2

0

Properties Sold

42

Sales Volume $31,964,650

Properties Pending Sale

Average Days on Market

36

Month’s Supply of Inventory 2

Percent Under Contract

33.7

30.4

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

Rodeo Realty RodeoRE.com

%Change

-10


Playa Vista

Sept. 2012

Sept. 2013

%Change

Median Price $890,00

$1,192,500

34

2

100

$2,385,000

168

Properties Sold

1

Sales Volume $890,000

Properties Pending Sale

0

0

0

Properties For Sale 2

3

50

n/a

n/a

n/a

Month’s Supply of Inventory n/a

n/a

n/a

0.0

0

Average Days on Market

Percent Under Contract

0.0

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

Rodeo Realty RodeoRE.com


Santa Monica

Sept. 2012

Sept. 2013

%Change

Median Price $1,930,000

$2,187,500

13

18

-31

$40,238,710

-33

27

80

95

-6

35

-20

2

-60

28.4

91

Properties Sold

26

Sales Volume $59,717,000

Properties Pending Sale

15

Properties For Sale 101

Average Days on Market

44

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 RodeoRE.com


Silverlake - Echo Park

Sept. 2012

Sept. 2013

Median Price $626,900

$677,000

8

33

57

$18,028,500

59

36

125

110

33

33

-58

2

-50

32.7

70

Properties Sold

21

Sales Volume $11,359,900

Properties Pending Sale

16

Properties For Sale 83

Average Days on Market

78

Month’s Supply of Inventory 4

Percent Under Contract

19.3

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

Rodeo Realty RodeoRE.com

%Change


Sunset Strip - Hollywood Hills West

Sept. 2012

Sept. 2013

%Change

Median Price $1,120,000

$1,460,000

30

29

26

$54,508,660

55

38

19

271

-3

45

-49

5

-29

14.0

22

Properties Sold

23

Sales Volume $35,150,900

Properties Pending Sale

32

Properties For Sale 279

Average Days on Market

89

Month’s Supply of Inventory 7

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 RodeoRE.com


Venice

Sept. 2012

Sept. 2013

%Change

Median Price $1,265,000

$1,402,500

11

22

22

$33,220,999

49

15

24

60

Properties For Sale 82

78

-5

71

78

2

-50

30.8

68

Properties Sold

18

Sales Volume $22,337,500

Properties Pending Sale

Average Days on Market

40

Month’s Supply of Inventory 4

Percent Under Contract

18.3

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

Rodeo Realty RodeoRE.com


West Hollywood

Sept. 2012

Sept. 2013

%Change

Median Price $1,050,000

$1,187,500

13

4

-64

$5,291,000

-64

6

-50

57

21

40

-23

7

133

10.5

-59

Properties Sold

11

Sales Volume $14,845,000

Properties Pending Sale

12

Properties For Sale 47

Average Days on Market

52

Month’s Supply of Inventory 3

Percent Under Contract

25.5

*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

Sept. 2012

Sept. 2013

Median Price $667,732

$756,000

13

11

175

$7,678,150

195

10

233

36

24

37

236

2

-75

27.8

169

Properties Sold

4

Sales Volume $2,600,465

Properties Pending Sale

3

Properties For Sale 29

Average Days on Market

11

Month’s Supply of Inventory 8

Percent Under Contract

10.3

*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

Sept. 2012

Sept. 2013

%Change

Median Price $1,255,000

$1,535,000

22

15

25

$21,028,000

28

18

14

-22

Properties For Sale 56

57

2

27

-40

3

50

24.6

-24

Properties Sold

12

Sales Volume $16,391,500

Properties Pending Sale

Average Days on Market

45

Month’s Supply of Inventory 2

Percent Under Contract

32.1

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

Rodeo Realty RodeoRE.com


RODEO REALTY MARKETING DEPARTMENT

Los Angeles Market Report For The Westside--September 2013  

This provides real estate market data for the Los Angeles area.

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