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Local Market Report August 2016

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.

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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

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

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Bel Air-Holmby Hills

August 2015

Median Price $2,247,500

Properties Sold

10

Sales Volume $21,010,000

Average Sale Price

$2,101,000

Properties For Sale 96

Average Days on Market

57

Months Supply of Inventory 10

Average List Price

$5,624,760

August 2016 %Change $2,145,000

-5%

13

30%

$28,431,500

35%

$2,187,038

4%

123

28%

109

91%

9

-10%

$5,153,513

-8%

*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

August 2015

Median Price $1,339,000

Properties Sold

28

Sales Volume $40,691,013

Average Sale Price

$1,453,250

Properties For Sale 78

Average Days on Market

45

Months Supply of Inventory 3

Average List Price

$1,202,266

August 2016 %Change $1,050,000 28

0%

$35,456,800

-13%

$1,266,314

-13%

91

17%

55

22%

3

0%

$1,822,469

52%

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

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-22%


Beverly Hills

August 2015

Median Price $1,770,000

Properties Sold

25

Sales Volume $87,557,026

Average Sale Price

$3,502,281

Properties For Sale 125

Average Days on Market

106

Months Supply of Inventory 5

Average List Price

$7,022,581

August 2016 %Change $1,670,500

-6%

18

-28%

$64,045,200

-27%

$3,558,067

2%

146

17%

71

-33%

8

60%

$7,172,023

2%

*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.

August 2015

Median Price $2,895,000

Properties Sold

13

Sales Volume $47,251,562

Average Sale Price

$3,634,736

Properties For Sale 129

Average Days on Market

123

Months Supply of Inventory 10

Average List Price

$3,793,939

August 2016 %Change $3,540,000

22%

16

23%

$45,163,100

-4%

$2,822,694

-22%

132

2%

78

-37%

8

-20%

$5,992,341

58%

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

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Beverlywood

August 2015

Median Price $2,625,000

Properties Sold

13

Sales Volume $47,251,562

Average Sale Price

$3,634,736

Properties For Sale 129

Average Days on Market

123

Months Supply of Inventory 10

Average List Price

$3,793,939

August 2016 %Change $2,533,300

-3%

16

23%

$45,163,100

-4%

$2,822,694

-22%

132

2%

78

-37%

8

-20%

$5,992,341

58%

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

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Brentwood

August 2015

Median Price $1,835,000

Properties Sold

31

Sales Volume $73,767,513

Average Sale Price

$2,379,597

Properties For Sale 185

Average Days on Market

61

Months Supply of Inventory 6

Average List Price

$2,228,621

August 2016 %Change $1,700,000

-7%

47

52%

$94,177,938

28%

$2,003,786

-16%

156

-16%

57

-7%

3

-50%

$3,125,879

40%

*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

August 2015

Median Price $1,850,000

Properties Sold

9

Sales Volume $17,590,000

Average Sale Price

$1,954,444

Properties For Sale 13

Average Days on Market

30

Months Supply of Inventory 1

Average List Price

$1,699,625

August 2016 %Change $2,640,000

43%

13

44%

$33,048,225

88%

$2,542,171

30%

22

69%

52

73%

2

100%

$1,779,100

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

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5%


Culver City

August 2015

Median Price $712,500

Properties Sold

46

Sales Volume $36,569,800

Average Sale Price

$794,996

Properties For Sale 104

Average Days on Market

34

Months Supply of Inventory 2

Average List Price

$833,343

August 2016 %Change $897,500

60%

48

9%

$43,512,969

49%

$906,520

14%

65

-38%

66

94%

1

-50%

$798,872

-4%

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

Rodeo Realty RodeoRE.com


Hancock Park

August 2015

Median Price $892,500

Properties Sold

38

Sales Volume $49,837,532

Average Sale Price

$1,311,514

Properties For Sale 168

Average Days on Market

64

Months Supply of Inventory 4

Average List Price

$1,430,466

August 2016 %Change $1,230,000

38%

49

29%

$73,643,450

48%

$1,502,928

15%

177

5%

62

-3%

4

0%

$1,703,566

19%

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

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Hollywood

August 2015

Median Price $777,990

Properties Sold

21

Sales Volume $20,844,590

Average Sale Price

$992,600

Properties For Sale 61

Average Days on Market

71

Months Supply of Inventory 3

Average List Price

$818,522

August 2016 %Change $803,000 18

-14%

$18,421,806

-12%

$1,023,434

3%

56

-8%

77

8%

3

0%

$903,811

10%

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

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3%


Hollywood Hills East

August 2015

Median Price $1,230,000

Properties Sold

20

Sales Volume $25,965,465

Average Sale Price

$1,298,273

Properties For Sale 85

Average Days on Market

77

Months Supply of Inventory 4

Average List Price

$1,192,050

August 2016 %Change $1,340,000 12

-40%

$15,109,000

-42%

$1,259,083

-3%

63

-26%

41

-47%

5

25%

$1,291,862

8%

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

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9%


Los Feliz

August 2015 Median Price $1,415,000

August 2016 %Change

Properties Sold 34 Sales Volume $53,002,550

24

-29%

$37,832,825

-29%

$1,576,368

1%

Average Sale Price

$1,558,899

Properties For Sale 72

Average Days on Market

57

Months Supply of Inventory 2

Average List Price

$1,838,000

$1,525,000

64

-11%

49

-14%

3

50%

$2,234,618

22%

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

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8%


Malibu

August 2015

Median Price $1,350,000

Properties Sold

15

Sales Volume $29,298,500

Average Sale Price

$1,953,233

Properties For Sale 230

Average Days on Market

74

Months Supply of Inventory 15

Average List Price

$3,249,048

August 2016 %Change $2,065,000

53%

21

40%

$68,726,102

135%

$3,272,672

68%

186

-19%

115

55%

9

-40%

$3,097,512

-5%

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

Rodeo Realty RodeoRE.com


Malibu Beach

August 2015

Median Price $7,495,000

Properties Sold

8

Sales Volume $31,610,000

Average Sale Price

$3,951,250

Properties For Sale 86

Average Days on Market

109

Months Supply of Inventory 11

Average List Price

$7,121,429

August 2016 %Change $7,172,500

-4%

9

13%

$54,936,500

74%

$6,104,056

54%

87

1%

132

21%

10

-9%

$8,406,750

18%

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

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Marina del Rey

August 2015

Median Price $1,011,000

Properties Sold

27

Sales Volume $34,061,419

Average Sale Price

$1,261,534

Properties For Sale 103

Average Days on Market

78

Months Supply of Inventory 4

Average List Price

$1,205,966

August 2016 %Change $975,000

-4%

29

7%

$31,547,000

-7%

$1,087,828

-14%

118

15%

62

-21%

4

0%

$1,152,745

-4%

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

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Mid Los Angeles

August 2015

Median Price $538,500

Properties Sold

38

Sales Volume $21,988,274

Average Sale Price

$578,639

Properties For Sale 101

Average Days on Market

38

Months Supply of Inventory 3

Average List Price

$605,979

August 2016 %Change $620,000

15%

39

3%

$25,921,532

18%

$664,655

15%

92

-9%

48

26%

2

-33%

$666,086

10%

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

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Mid Wilshire

August 2015

Median Price $539,000

Properties Sold

23

Sales Volume $12,940,000

Average Sale Price

$562,609

Properties For Sale 81

Average Days on Market

59

Months Supply of Inventory 4

Average List Price

$661,497

August 2016 %Change $599,900

11%

20

-13%

$11,748,544

-9%

$587,427

4%

77

-5%

61

3%

4

0%

$646,179

-2%

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

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Pacific Palisades

August 2015

Median Price $2,300,000

Properties Sold

30

Sales Volume $90,101,850

Average Sale Price

$3,003,395

Properties For Sale 127

Average Days on Market

56

Months Supply of Inventory 4

Average List Price

$3,038,263

August 2016 %Change $2,575,000

12%

35

17%

$103,072,204

14%

$2,944,920

-2%

137

8%

57

2%

4

0%

$4,352,995

43%

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

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Palms

August 2015

Median Price $1,070,266

Properties Sold

46

Sales Volume $52,262,131

Average Sale Price

$1,136,133

Properties For Sale 73

Average Days on Market

45

Months Supply of Inventory 2

Average List Price

$1,007,867

August 2016 %Change $1,122,500 38

-17%

$44,504,545

-15%

$1,171,172

3%

91

25%

49

9%

2

0%

$1,290,973

28%

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

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5%


Playa Vista

August 2015

Median Price $1,284,500

Properties Sold

6

Sales Volume $7,269,000

Average Sale Price

$1,211,500

Properties For Sale 12

Average Days on Market

37

Months Supply of Inventory 2

Average List Price

$837,000

August 2016 %Change $875,000

-32%

10

67%

$8,439,000

16%

$843,900

-30%

31

158%

36

-3%

3

50%

$1,127,358

35%

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

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Santa Monica

August 2015

Median Price $1,285,000

Properties Sold

66

Sales Volume $104,759,298

Average Sale Price

$1,587,262

Properties For Sale 175

Average Days on Market

48

Months Supply of Inventory 3

Average List Price

$1,823,345

August 2016 %Change $1,278,261

-1%

53

-20%

$97,847,657

-7%

$1,846,182

16%

176

1%

61

27%

3

0%

$2,659,381

46%

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

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Silverlake - Echo Park

August 2015

Median Price $765,000

Properties Sold

30

Sales Volume $25,813,823

Average Sale Price

$860,461

Properties For Sale 107

Average Days on Market

40

Months Supply of Inventory 4

Average List Price

$811,043

August 2016 %Change $830,000

8%

49

63%

$42,636,795

65%

$870,139

1%

97

-9%

46

15%

2

-50%

$901,578

11%

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

Rodeo Realty RodeoRE.com


Sunset Strip - Hollywood Hills West

August 2015

Median Price $765,000

Properties Sold

30

Sales Volume $25,813,823

Average Sale Price

$860,461

Properties For Sale 107

Average Days on Market

40

Months Supply of Inventory 4

August 2016 %Change $830,000

8%

49

63%

$42,636,795

65%

$870,139

1%

97

-9%

46

15%

2

-50%

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

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#DIV/0!


Venice

August 2015

Median Price $1,567,000

Properties Sold

15

Sales Volume $28,391,125

Average Sale Price

$1,892,742

Properties For Sale 90

Average Days on Market

71

Months Supply of Inventory 6

Average List Price

$1,892,742

August 2016 %Change $1,680,000

7%

24

60%

$49,182,816

73%

$2,049,284

8%

93

3%

66

-7%

4

-33%

$2,049,284

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

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8%


West Hollywood

August 2015

Median Price $694,000

Properties Sold

46

Sales Volume $41,277,888

Average Sale Price

$897,345

Properties For Sale 137

Average Days on Market

61

Months Supply of Inventory 3

Average List Price

$1,025,937

August 2016 %Change $765,000

10%

51

11%

$51,851,899

26%

$1,016,704

13%

150

9%

46

-25%

3

0%

$1,061,935

4%

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

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West Los Angeles

August 2015

Median Price $870,500

Properties Sold

24

Sales Volume $23,214,744

Average Sale Price

$967,281

Properties For Sale 64

Average Days on Market

43

Months Supply of Inventory 3

Average List Price

$867,548

August 2016 %Change $810,000

-7%

29

21%

$24,858,479

7%

$857,189 66

3%

40

-7%

2

-33%

$935,612

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

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-11%

8%


Westwood - Century City

August 2015

Median Price $890,000

Properties Sold

78

Sales Volume $102,462,932

Average Sale Price

$1,313,627

Properties For Sale 288

Average Days on Market

57

Months Supply of Inventory 4

Average List Price

$1,387,870

August 2016 %Change $985,500

11%

69

-12%

$92,229,615

-10%

$1,336,661

2%

228

-21%

83

46%

3

-25%

$1,802,162

30%

*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

Local Market Report: Westside - August 2016  
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