Q3 | Greater Los Angeles Market Update

Q3 | 2020

Greater Los Angeles

Market Update

BEVERLY HILLS

1201TowerGroveDr.com Offered at $59,500,000

LOS ANGELES

7100LaPresa.com Offered at $9,995,000

Greater Los Angeles 06 08

Bel-Air | Holmby Hills

10

Beverly Hills

12

Beverly Hills Post Office

14 16 18 20 22 24 26 28 30 32 34 36 38

Market Snapshot

Brentwood Downtown Los Angeles Hancock Park | Wilshire

Los Feliz Malibu

Pacific Palisades Santa Monica

Silver Lake | Echo Park Sunset Strip | Hollywood Hills

Topanga The Valley Venice

West Hollywood

GREATER LOS ANGELES

Featured Properties We invite you to explore our exclusive offerings at S OT HEBYSRE A LTY.C O M

STUDIO CITY

Offered at $12,999,000 11400Sunshine.com

LOS ANGELES

1549Doheny.com Offered at $8,750,000 BEVERLY HILLS

1281LomaVistaDr.com Offered at $8,495,000 CALABASAS

821Camino.com Offered at $5,995,000 STUDIO CITY

462Croft.com Offered at $4,199,000 *In order from left to right, top to bottom

GREATER LOS ANGELES BROKERAGES

Beverly Hills | Brentwood | Los Feliz | Malibu | Pacific Palisades Santa Monica - Venice | Sunset Strip

sothebysrealty.com All data within this document is pulled from the Los Angeles CLAW MLS (From Malibu to Downtown Los Angeles). Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers.

We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc. Statistics based on Sotheby’s International Realty, Inc. 2018 sales. Sotheby’s International Realty DRE License Number: 899496.

Market Snapshot

Q3 2020 | Greater Los Angeles

MARKET SHARE BY VOL. Less than $1M 1,800

$3,000,000

1,600

$2,500,000

1,400 1,200

$2,000,000

Greater than $5M

1,000

$1,500,000

$1M - $5M

800 600

$1,000,000

400

$500,000

200 0

$0 Q3 2016

Q3 2017

Q3 2018

Total Sol d Properties

Sales Volume by Price Category

4% 36% 60%

Median Price

Q3 2020 ASP

Median Selling Price vs. Average Selling Price vs. Total Units Sold

Under $1 Million

Average Selling Price

Over $5 Million

Median Sale Price

$1 Million to $5 Million

Total Units Sold

Los Angeles Q3 Market Update / Q3 Highlights / 6

Q3 2019

Comparison

by Neighborhood Q3 | Greater Los Angeles

GREATER LA: Q2 2020 Median Price $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0

*

EAST SIDE MARKETS (TOTAL)

Downtown L.A.

Westwood - Century City *

West Hollywood

Venice

Valley Village

Topanga

Sunset Strip - Hollywood Hills West

Studio City

Silver Lake - Echo Park

Sherman Oaks

Santa Monica

Pacific Palisades

Malibu

Los Feliz

Hancock Park - Wilshire

Glendale

Burbank

Brentwood

Beverly Hills Post Office

Beverly Hills

Bel Air - Holmby Hills

Median Selling Price

2.3m $ 5.2m $ 2.9m $ 3.2m $ 0.5m $

Bel-Air | Holmby Hills Beverly Hills Beverly Hills Post Office Brentwood Downtown Los Angeles *

2.0m $ 2.0m $ 3.7m $ 3.3m $ 2.7m $

Hancock Park / Wilshire Los Feliz Malibu Pacific Palisades

1.3m $ 2.0m $ 2.0m $ 1.9m $

Silver Lake | Echo Park Sunset Strip | Hollywood Hills Venice West Hollywood

Santa Monica

* Downtown Los Angeles and Westwood - Century City figures represent condo sales.

at a glance {Q3 | 2020}

bel - air

| holmby hills

1

%

Change in Median Selling Price {2020 vs 2019}

34 Average Days on Market

68 Units Sold

2.3m

$

Median Selling Price

$8,000,000

80

$7,000,000

70

$6,000,000

60

$5,000,000

50

$4,000,000

40

$3,000,000

30

$2,000,000

20

$1,000,000

10 0

$0 Q3 2016

Q3 2017

Q3 2018

Total Sol d Properties

Total Units Sold

Q3 2019

Median Price

Median Sales Price

Q3 2020 ASP

Average Selling Price

About

Bel-Air & Holmby Hills Bel-Air’s stately gates off Sunset Boulevard lead down winding streets lined with lavish homes with lush vegetation. Popular with celebrities and entertainment industry elite, the neighborhood is home to the landmark Hotel Bel-Air, and offers a rare kind of seclusion in a non-stop city. sothebysrealty.com

Q3

Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market

{2020 vs 2019}

Change

1.0%

-

33%

-53

2020

$2,257,500

-3.9%

68

34

2019

$2,242,500

-5.3%

51

73

2018

$2,917,500

-3.7%

32

68

2017

$2,300,000

-3.1%

49

85

2016

$2,275,000

-4.1%

41

71

/

9 Bel Air | Holmby Hills

/ Los Angeles Q3 Market Update

$9,000,000

45

$8,000,000

40

$7,000,000

35

$6,000,000

30

$5,000,000

25

$4,000,000

20

$3,000,000

15

$2,000,000

10

$1,000,000

5

$0

0 Q3 2016

Q3 2017

Q3 2018

Total Sol d Properties

Total Units Sold

Q3 2019

Median Price

Median Sales Price

Q3 2020 ASP

Average Selling Price

About

Beverly Hills Whether you are an art aficionado or feel the lure of the unparalleled shopping of Rodeo Drive, Beverly Hills is known worldwide as a premier destination for luxury. sothebysrealty.com

Q3

Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market

{2020 vs 2019}

Change

-15%

-

-29%

-41%

2020

$5,200,000

-8.5%

29

57

2019

$6,150,000

-7.0%

41

97

2018

$5,878,000

-4.0%

36

68

2017

$4,800,000

-3.4%

33

65

2016

$5,162,780

-1.1%

29

73

Los Angeles Q3 Market Update / Beverly Hills / 10

at a glance {Q3 | 2020}

beverly hills

-15

%

Change in Median Selling Price {2020 vs 2019}

57 Average Days on Market

29 Units Sold

5.2m

$

Median Selling Price

at a glance {Q3 | 2020}

beverly hills post office

2

%

Change in Median Selling Price {2020 vs 2019}

40 Average Days on Market

49 Units Sold

2.9m

$

Median Selling Price

$6,000,000

60

$5,000,000

50

$4,000,000

40

$3,000,000

30

$2,000,000

20

$1,000,000

10

$0

0 Q3 2016

Q3 2017

Q3 2018

Total Sol d Properties

Total Units Sold

Q3 2019

Median Price

Median Sales Price

Q3 2020 ASP

Average Selling Price

About

Beverly Hills Post Office Beverly Hills Post Office is home to grand estates, mansions, as well as some of the most celebrated gated communities. The hillside location offers incredible views of the Los Angeles basin, Pacific Ocean, and Catalina Island. sothebysrealty.com

Q3

Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market

{2020 vs 2019}

Change

2.0%

-

36%

-52%

2020

$2,900,000

-4.1%

49

40

2019

$2,837,500

-4.0%

36

84

2018

$2,900,000

-3.1%

43

87

2017

$2,800,000

-5.7%

47

94

2016

$2,500,000

-3.7%

41

80

/

13 Beverly Hills Post Office

/ Los Angeles Q3 Market Update

$6,000,000

90 80

$5,000,000

70

$4,000,000

60 50

$3,000,000

40

$2,000,000

30 20

$1,000,000

10

$0

0 Q3 2016

Q3 2017 Total Sol d Properties

Total Units Sold

Q3 2018

Q3 2019

Median Price

Median Sales Price

Q3 2020 ASP

Average Selling Price

About

Brentwood Brentwood is known for its palatial estates and laid-back California elegance. It’s the perfect enclave for dining at Katsu-ya or biking down San Vicente to the ocean. Perched on a hill above this chic neighborhood, take in the architecture and art on display at the Getty Center. sothebysrealty.com

Q3

Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market

{2020 vs 2019}

Change

-13%

-

41%

-60%

2020

$3,150,000

-2.3%

82

32

2019

$3,611,000

-2.9%

58

80

2018

$2,910,000

-3.1%

77

62

2017

$2,785,000

-2.7%

73

62

2016

$2,510,000

-2.3%

71

71

Los Angeles Q3 Market Update / Brentwood / 14

at a glance {Q3 | 2020}

brentwood

-13

%

Change in Median Selling Price {2020 vs 2019}

32 Average Days on Market

82 Units Sold

3.2m

$

Median Selling Price

at a glance {Q3 | 2020}

downtown los angeles Condominium Units Only

2

%

Change in Median Selling Price {2020 vs 2019}

26 Average Days on Market

19 Units Sold

523k

$

Median Selling Price

$600,000

60

$500,000

50

$400,000

40

$300,000

30

$200,000

20

$100,000

10

$-

0 Q3 2016

Q3 2017

Q3 2018

Total Sol d Properties

Total Units Sold

Q3 2019

Median Price

Median Sales Price

Q3 2020 ASP

Average Selling Price

About

Downtown Los Angeles Downtown L.A. offers urban living at its finest, and is the heart of L.A.’s art boom which has put the city on the world stage of contemporary art. Gleaming new landmark lofts, a central business district, and popular revolving art attract thousands of new residents to every year. All Downtown Los Angeles figures represent condo sales. sothebysrealty.com

Q3

Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market

{2020 vs 2019}

Change

2.0%

-

-65%

-51%

2020

$522,750

-1.6%

19

26

2019

$510,000

-0.5%

55

53

2018

$478,750

-0.2%

48

37

2017

$404,000

1.0%

54

73

2016

$389,000

-1.5%

48

64

/

17 Downtown Los Angeles

/ Los Angeles Q3 Market Update

$3,000,000

80

$2,500,000

75

$2,000,000

70

$1,500,000 65

$1,000,000

60

$500,000

55

$0 Q3 2016

Q3 2017

Q3 2018

Total Sol d Properties

Total Units Sold

Q3 2019

Median Price

Median Sales Price

Q3 2020 ASP

Average Selling Price

About

Hancock Park/Wilshire Centrally located and surrounded by the Wilshire Country Club, Hancock Park boasts some of the best classical Los Angeles architecture, making it one of the most desirable areas in all of Southern California. sothebysrealty.com

Q3

Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market

{2020 vs 2019}

Change

13%

-

-6.0%

-60%

2020

$1,994,250

-0.5%

66

22

2019

$1,770,000

-3.0%

70

55

2018

$1,868,000

-0.2%

68

39

2017

$1,656,969

-0.6%

78

58

2016

$1,380,000

-0.9%

79

56

Los Angeles Q3 Market Update / Hancock Park | Wilshire/ 18

at a glance {Q3 | 2020}

hancock park / wilshire

13

%

Change in Median Selling Price {2020 vs 2019}

22 Average Days on Market

66 Units Sold

2.0m

$

Median Selling Price

at a glance {Q3 | 2020}

los feliz

26

%

Change in Median Selling Price {2020 vs 2019}

21 Average Days on Market

55 Units Sold

2.0m

$

Median Selling Price

$3,000,000

60

$2,500,000

50

$2,000,000

40

$1,500,000

30

$1,000,000

20

$500,000

10

$0

0 Q3 2016

Q3 2017

Q3 2018

Total Sol d Properties

Total Units Sold

Q3 2019

Median Price

Median Sales Price

Q3 2020 ASP

Average Selling Price

About

Los Feliz Los Feliz is a creative neighborhood with an independent vibe all its own. This historic neighborhood is steeped in architectural history, boasting homes designed by Richard Neutra, John Lautner, and Frank Lloyd Wright. sothebysrealty.com

Q3

Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market

{2020 vs 2019}

Change

26%

-

31%

-61%

2020

$1,970,000

1.8%

55

21

2019

$1,561,500

1.4%

42

53

2018

$1,850,000

3.3%

41

41

2017

$1,787,500

0.6%

54

54

2016

$1,505,000

0.3%

50

50

/

21 Los Feliz

/ Los Angeles Q3 Market Update

$9,000,000

120

$8,000,000

100

$7,000,000 $6,000,000

80

$5,000,000

60

$4,000,000 $3,000,000

40

$2,000,000

20

$1,000,000 $0

0 Q3 2016

Q3 2017 Total Sol d Properties

Total Units Sold

Q3 2018

Q3 2019

Median Price

Median Sales Price

Q3 2020 ASP

Average Selling Price

About

Malibu With nearly 27 miles of gorgeous coastline covered in pristine beaches, Malibu is one of the most storied oceanfront communities on the West Coast. The area offers long strands of private beaches, world-class surfing at Zuma and El Matador, and front-row seats to unforgettable sunsets. Malibu is both classic California and understated/rustic elegance. sothebysrealty.com

Q3

Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market

{2020 vs 2019}

Change

14%

-

178%

-40%

2020

$3,710,500

-5.5%

100

61

2019

$3,255,000

-7.3%

36

102

2018

$2,794,625

-6.7%

64

99

2017

$3,323,625

-7.0%

70

155

2016

$2,536,250

-6.4%

70

164

Los Angeles Q3 Market Update / Malibu / 22

at a glance {Q3 | 2020}

malibu

14

%

Change in Median Selling Price {2020 vs 2019}

61 Average Days on Market

100 Units Sold

3.7m

$

Median Selling Price

at a glance {Q3 | 2020}

pacific palisades

-1

%

Change in Median Selling Price {2020 vs 2019}

32 Average Days on Market

84 Units Sold

3.3m

$

Median Selling Price

$4,500,000

90

$4,000,000

80

$3,500,000

70

$3,000,000

60

$2,500,000

50

$2,000,000

40

$1,500,000

30

$1,000,000

20

$500,000

10

$0

0 Q3 2016

Q3 2017 Total Sol d Properties

Total Units Sold

Q3 2018

Q3 2019

Median Price

Q3 2020 ASP

Median Sales Price

Average Selling Price

About

Pacific Palisades More a retreat than an urban neighborhood, the Palisades sits against a stunning backdrop with views of the Santa Monica mountains, the Pacific Coast, and several canyons that run between them. The Palisades are a green oasis within Los Angeles. sothebysrealty.com

Q3

Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market

{2020 vs 2019}

Change

-1.0%

-

24%

-38%

2020

$3,257,500

-2.5%

84

32

2019

$3,275,000

-3.4%

68

51

2018

$3,109,000

-2.3%

54

49

2017

$3,212,500

-2.0%

74

64

2016

$2,759,535

-1.1%

77

58

/

25 Pacific Palisades

/ Los Angeles Q3 Market Update

$4,000,000

90

$3,500,000

80 70

$3,000,000

60

$2,500,000

50

$2,000,000

40

$1,500,000

30

$1,000,000

20

$500,000

10

$0

0 Q3 2016

Q3 2017 Total Sol d Properties

Total Units Sold

Q3 2018

Q3 2019

Median Price

Median Sales Price

Q3 2020 ASP

Average Selling Price

About

Santa Monica L.A.’s premier beach destination, Santa Monica blends urban energy, beach town atmosphere, and world-class oceanfront hotels like Shutters and Casa Del Mar, whose back yard is the glorious Pacific Ocean. sothebysrealty.com

Q3

Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market

{2020 vs 2019}

Change

-5.0%

-

58%

-51%

2020

$2,701,050

1175.8%

82

27

2019

$2,835,000

-2.1%

52

55

2018

$2,820,000

-0.8%

51

45

2017

$2,766,500

-0.4%

60

43

2016

$2,380,000

-1.3%

61

52

Los Angeles Q3 Market Update / Santa Monica / 26

at a glance {Q3 | 2020}

santa monica

-5

%

Change in Median Selling Price {2020 vs 2019}

27 Average Days on Market

82 Units Sold

2.7m

$

Median Selling Price

at a glance {Q3 | 2020}

silver lake

/ echo park

6

%

Change in Median Selling Price {2020 vs 2019}

23 Average Days on Market

97 Units Sold

1.3m

$

Median Selling Price

120

$1,600,000 $1,400,000

100

$1,200,000 80

$1,000,000 $800,000

60

$600,000

40

$400,000 20

$200,000 $0

0 Q3 2016

Q3 2017 Total Sol d Properties

Total Units Sold

Q3 2018

Q3 2019

Median Price

Median Sales Price

Q3 2020 ASP

Average Selling Price

About

Silver Lake/Echo Park Rock ‘n’ roll attitudes contrast the refined and modern homes of Silver Lake. This hilly neighborhood is one of L.A.’s most walkable areas and is home of its namesake reservoir and cutting-edge music scene. sothebysrealty.com

Q3

Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market

{2020 vs 2019}

Change

6.0%

-

21%

-53%

2020

$1,290,000

2.6%

97

23

2019

$1,217,500

3.3%

80

50

2018

$1,040,890

1.6%

98

43

2017

$1,035,000

4.8%

109

40

2016

$875,000

2.4%

107

47

/

29 Silver Lake | Echo Park

/ Los Angeles Q3 Market Update

$3,000,000

140

$2,500,000

120 100

$2,000,000

80 $1,500,000 60 $1,000,000

40

$500,000

20 0

$0 Q3 2016

Q3 2017 Total Sol d Properties

Total Units Sold

Q3 2018

Q3 2019

Median Price

Median Sales Price

Q3 2020 ASP

Average Selling Price

About

Sunset Strip/Hollywood Hills Hollywood’s fame is rooted in its cultural identity, peerless entertainment industry, and historical significance as the origin of American cinema. Get a perfect martini at Musso & Frank’s, which has been serving drinks since 1919 to the likes of Charlie Chaplin and William Faulkner, and then stroll down to the Roosevelt Hotel for a nightcap. sothebysrealty.com

Q3

Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market

{2020 vs 2019}

Change

-1.0%

-

25%

-52%

2020

$2,025,000

-2.2%

133

34

2019

$2,042,500

-3.4%

106

70

2018

$2,000,000

-2.6%

110

74

2017

$1,749,000

-1.8%

118

63

2016

$1,783,570

-2.5%

111

76

Los Angeles Q3 Market Update / Sunset Strip | Hollywood Hills / 30

at a glance {Q3 | 2020}

sunset strip

/ hollywood hills

-1

%

Change in Median Selling Price {2020 vs 2019}

34 Average Days on Market

133 Units Sold

2

$ m Median Selling Price

at a glance {Q3 | 2020}

TOPANGA

15

%

Change in Median Selling Price {2020 vs 2019}

27 Average Days on Market

36 Units Sold

1.3m

$

Median Selling Price

$1,800,000

40

$1,600,000

35

$1,400,000

30

$1,200,000

25

$1,000,000

20

$800,000

15

$600,000 $400,000

10

$200,000

5 0

$0 Q3 2016

Q3 2017 Total Sol d Properties

Total Units Sold

Q3 2018

Q3 2019

Median Price

Median Sales Price

Q3 2020 ASP

Average Selling Price

About

Topanga Known as a bohemian enclave attracting artists, musicians, filmmakers, and others, Topanga also boasts the beautiful, natural surroundings of the Santa Monica mountains. sothebysrealty.com

Q3

Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market

{2020 vs 2019}

Change

15%

-

20%

-59%

2020

$1,342,000

0.1%

36

27

2019

$1,162,500

-3.5%

30

65

2018

$1,100,000

-3.6%

23

58

2017

$1,416,500

-1.8%

23

61

2016

$1,372,500

-3.5%

28

91

/

33 Silver Lake | Echo Park

/ Los Angeles Q3 Market Update

{Q3 | 2020}

the valley

Neighborhood Highlights Burbank 180

7

175

{2020 vs 2019}

%

$1,200,000 $1,000,000

170 $800,000

165

$600,000

160 155

$400,000

150 $200,000

145 140

$0 Q3 2016

Q3 2017 Total Sol d Properties

Total Units Sold

Q3 2018

Q3 2019

Median Price

Median Sales Price

Q3 2020 ASP

Average Selling Price

Change in median sales price

23 166

Average DOM

Properties Sold

$977k

Median Selling Price

Studio City

28

%

120

$2,500,000

100

$2,000,000

80

$1,500,000

60 $1,000,000

40

$500,000

20

Change in median sales price {2020 vs 2019}

17 112

Average DOM

Properties Sold $0

0 Q3 2016

Q3 2017 Total Sol d Properties

Total Units Sold

Q3 2018 Median Price

Median Sales Price

Q3 2019

Q3 2020 ASP

Average Selling Price

$1.9m

Median Selling Price

Sherman Oaks

18

%

$1,800,000

250

$1,600,000

Change in median sales price {2020 vs 2019}

200

$1,400,000 $1,200,000

150

$1,000,000

26 219

Average DOM

$800,000

100

$600,000 $400,000

50

$200,000 0

$0 Q3 2016

Q3 2017 Total Sol d Properties

Total Units Sold

Q3 2018

Q3 2019

Median Price

Median Sales Price

Q3 2020 ASP

Average Selling Price

Properties Sold

$1.4m

Median Selling Price

Valley Village

9

%

$1,600,000

70

$1,400,000

60

$1,200,000

50

$1,000,000

40

$800,000 30

$600,000

20

$400,000

10

$200,000

0

$0 Q3 2016

Q3 2017 Total Sol d Properties

Total Units Sold

Q3 2018 Median Price

Median Sales Price

Q3 2019

Q3 2020 ASP

Average Selling Price

Change in median sales price {2020 vs 2019}

25 61

Average DOM

Properties Sold

$1.2m

Median Selling Price

/

35 The Valley

/ Los Angeles Q3 Market Update

$3,000,000

80 70

$2,500,000

60 $2,000,000

50

$1,500,000

40 30

$1,000,000

20 $500,000

10 0

$0 Q3 2016

Q3 2017 Total Sol d Properties

Total Units Sold

Q3 2018

Q3 2019

Median Price

Median Sales Price

Q3 2020 ASP

Average Selling Price

About

Venice Welcome to the heart of Silicon Beach. Admire the street art and commissioned murals in old Venice, alongside a new community of creative entrepreneurs, startups, and venture capitalists.

Stroll through Abbot Kinney, the “coolest block in America.� Explore the historic Venice Canals, a tranquil and hidden gem, and finish the evening with dinner at Gjelina. sothebysrealty.com

Q3

Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market

{2020 vs 2019}

Change

1.0%

-

50%

2020

$2,003,000

-2.2%

75

30

2019

$1,990,000

-3.2%

50

49

2018

$2,120,000

-0.2%

55

57

2017

$2,130,000

0.6%

57

34

2016

$1,877,908

-2.2%

60

65

Los Angeles Q3 Market Update / Venice / 34

-39%

at a glance {Q3 | 2020}

venice

1

%

Change in Median Selling Price {2020 vs 2019}

30 Average Days on Market

75 Units Sold

2.0m

$

Median Selling Price

at a glance {Q3 | 2020}

west hollywood

2

%

Change in Median Selling Price {2020 vs 2019}

21 Average Days on Market

38 Units Sold

1.9m

$

Median Selling Price

$3,000,000

40 35

$2,500,000

30 $2,000,000

25

$1,500,000

20 15

$1,000,000

10 $500,000

5 0

$0 Q3 2016

Q3 2017 Total Sol d Properties

Total Units Sold

Q3 2018

Q3 2019

Median Price

Q3 2020 ASP

Median Sales Price

Average Selling Price

About

West Hollywood West Hollywood is a thriving, diverse community on the leading edge of culture, entertainment, and design. “WeHo” is home to the Pacific Design Center and ground zero for Los Angeles’s thriving Interior Design and Architectural community. sothebysrealty.com

Q3

Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market

{2020 vs 2019}

Change

2.0%

-

41%

-56%

2020

$1,914,500

-2.1%

38

21

2019

$1,880,000

-1.9%

27

48

2018

$1,763,050

0.3%

31

37

2017

$1,935,000

-1.1%

37

52

2016

$1,465,000

0.5%

37

55

/

39 West Hollywood

/ Los Angeles Q3 Market Update

PHOTO BY GIAMMARCO BOSCARO ON UNSPLASH

w i n e i s a n e v e r- e n d i n g j o u r n e y. sothebyswine.com

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