Page 1

Q2 | 2020

Greater Los Angeles

Market Update

MALIBU

27856WestWindingWay.com Offered at $6,950,000


DOWNTOWN LA

TheRitzUnit47G.com Offered at $6,995,000


Greater Los Angles 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


BEVERLY HILLS

9248SwallowDrive.com Offered at $7,485,000


a message from

Michael Williamson

SVP, Southern California Regional Manager As we continue to navigate these unprecedented times, the health and safety of our community is our top priority. Since the first days of the pandemic, we have been relentlessly improving every aspect of our services to better support our clients looking to buy, sell or rent homes in Greater Los Angeles. We now offer virtual open houses and have dramatically increasing the number of listings with videos and Matterport 3D tours. In response to the enormous popularity of our global website, we recently launched a completely updated sothebysrealty.com with enhanced functionality for finding and exploring listings and interacting with agents. In addition, our exclusive White Glove program, which provides sellers with a full range of services to prepare a property for sale, now offers virtual quotes and improved project management to streamline the listing process, wherever the owner may be. In the following pages we invite you to review a summary of market activity in Greater Los Angeles during the second quarter of 2020, based on listing and sales information from April - June 2020. The Multiple Listings Services provided the data for this period in 2020, which is compared here to the same period in previous years. With so many market indicators in flux, one of the most typical market benchmarks – the total number of closed sales in the second quarter – may not tell a complete story about the housing recovery this season. While closed sales in April and May were low by historical standards, on par with January numbers in a typical year, they shot up in June, and other factors also point to significant changes as we head into the third quarter. As this complex market continues to evolve, our clients can rest assured that the SoCal brokerages of Sotheby’s International Realty is home to the finest real estate experts in the business. Our agents benefit from a suite of innovative digital marketing tools as well as exposure on the world’s most visited luxury real estate website. They enjoy the support of a tight-knit community of exceptional colleagues, including those in our Eureka Valley office, while our globally recognized brand keeps them in constant contact with an unparalleled network of 23,000 high-performing agents around the world. We hope you find this market report to be a valuable resource, and we remain available to offer advice and consultation on any of your real estate questions. From Los Angeles and across the globe, we look forward to being of service to you.

SOTHEBYSREALTY.COM GREATER LOS ANGELES BROKERAGES

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

Q2 2020 | Greater Los Angeles

MARKET SHARE BY VOL. Greater LA & East Side Less than $1M

Greater than $5M $1M - $5M

$2,500,000

$2,500

$2,000,000

$2,000

$1,500,000

$1,500

$1,000,000

$1,000 $500

$500,000

$0

$0 Q2 2016

Q2 2017

Q2 2018

Total Sol d Properties

Sales Volume by Price Category

10 % 38 % 52 %

Median Price

Q2 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 Q2 Market Update / Q2 Highlights / 6

Q2 2019


Comparison by Neighborhood Q2 | Greater Los Angeles

GREATER LA: Q1 2020 Median Price $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 EAST SIDE MARKETS (TOTAL)

Downtown L.A.*

Westwood - Centu ry City *

West Hollywood

Venice

Valley Villag e

Topanga

Sunset St rip - Hollywood Hills West

Studio City

Silver Lake - Echo Park

Sherman Oaks

Santa Monica

Pacific Palisades

Malibu

Los Feliz

Hancock Park - Wilshire

Burbank

Brentwood

Beverly H ills Post Office

Beverly H ills

Bel Air - Holmby Hills

Glendale

$0

Median Selling Price

2.7m $ 6.7m $ 4.6m $ 3.5m $ 0.6m $

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

1.9m $ 1.7m $ 2.7m $ 3.4m $ 3.3m $

Hancock Park / Wilshire Los Feliz Malibu Pacific Palisades

1.2m $ 2.0m $ 1.9m $ 3.0m $

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 {Q2 | 2020}

bel - air

| holmby hills

4

%

Change in Median Selling Price {2020 vs 2019}

31 Average Days on Market

21 Units Sold

7.9m

$

Median Selling Price


$9,000,000

60

$8,000,000

50

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

40

$5,000,000

30

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

20

$2,000,000

10

$1,000,000 $0

0 Q2 2016

Q2 2017

Q2 2018

Total Sol d Properties

Total Units Sold

Q2 2019

Median Price

Median Sales Price

Q2 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

Q2

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

{2020 vs 2019}

Change

4.0%

-

-62%

-63%

2020

$2,650,000

-10.9%

21

31

2019

$2,550,000

-6.5%

55

83

2018

$2,162,500

-2.9%

42

85

2017

$2,170,000

-2.0%

52

73

2016

$2,120,000

-4.4%

45

105

/

9 Bel Air | Holmby Hills

/ Los Angeles Q2 Market Update


$12,000,000

50 45

$10,000,000

40 35

$8,000,000

30

$6,000,000

25 20

$4,000,000

15 10

$2,000,000

5

$0

0 Q2 2016

Q2 2017

Q2 2018

Total Sol d Properties

Total Units Sold

Q2 2019

Median Price

Median Sales Price

Q2 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

Q2

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

{2020 vs 2019}

Change

22%

-

-45%

24%

2020

$6,750,000

-10.1%

21

84

2019

$5,555,500

-4.7%

38

68

2018

$5,685,000

-2.3%

25

75

2017

$5,620,000

-2.4%

47

64

2016

$5,175,000

-2.1%

35

70

Los Angeles Q2 Market Update / Beverly Hills / 10


at a glance {Q2 | 2020}

beverly hills

22

%

Change in Median Selling Price {2020 vs 2019}

84 Average Days on Market

21 Units Sold

10.8m

$

Median Selling Price


at a glance {Q2 | 2020}

beverly hills post office

80

%

Change in Median Selling Price {2020 vs 2019}

45 Average Days on Market

16 Units Sold

4.6m

$

Median Selling Price


60

$8,000,000 $7,000,000

50

$6,000,000 40

$5,000,000 $4,000,000

30

$3,000,000

20

$2,000,000 10

$1,000,000 $0

0 Q2 2016

Q2 2017

Q2 2018

Total Sol d Properties

Total Units Sold

Q2 2019

Median Price

Median Sales Price

Q2 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

Q2

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

{2020 vs 2019}

Change

80%

-

-56%

-20%

2020

$4,600,000

-12.0%

16

45

2019

$2,560,000

-1.9%

36

57

2018

$2,802,500

-3.7%

44

80

2017

$3,445,000

-4.8%

48

77

2016

$2,390,000

0.1%

38

97

/

13 Beverly Hills Post Office

/ Los Angeles Q2 Market Update


$6,000,000

80 70

$5,000,000

60 $4,000,000

50

$3,000,000

40 30

$2,000,000

20 $1,000,000

10 0

$0 Q2 2016

Q2 2017 Total Sol d Properties

Total Units Sold

Q2 2018

Q2 2019

Median Price

Median Sales Price

Q2 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

Q2

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

{2020 vs 2019}

Change

12%

-

-49%

-25%

2020

$3,485,000

-6.1%

35

55

2019

$3,100,000

-3.4%

69

74

2018

$3,075,000

0.4%

59

50

2017

$3,055,000

-2.1%

75

55

2016

$2,950,000

0.0%

73

57

Los Angeles Q2 Market Update / Brentwood / 14


at a glance {Q2 | 2020}

brentwood

12

%

Change in Median Selling Price {2020 vs 2019}

55 Average Days on Market

35 Units Sold

3.5m

$

Median Selling Price


at a glance {Q2 | 2020}

downtown los angeles Condominium Units Only

-9

%

Change in Median Selling Price {2020 vs 2019}

51 Average Days on Market

63 Units Sold

580k

$

Median Selling Price


$900,000

160

$800,000

140

$700,000

120

$600,000

100

$500,000

80

$400,000

60

$300,000 $200,000

40

$100,000

20 0

$0 Q2 2016

Q2 2017

Q2 2018

Total Sol d Properties

Total Units Sold

Q2 2019

Median Price

Median Sales Price

Q2 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

Q2

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

{2020 vs 2019}

Change

-9.0%

-

-28%

-31%

2020

$580,000

-1.9%

63

51

2019

$640,000

-1.5%

87

74

2018

$640,000

-1.0%

121

46

2017

$591,500

-1.5%

144

55

2016

$602,500

-1.6%

106

67

/

17 Downtown Los Angeles

/ Los Angeles Q2 Market Update


90

$2,500,000

80 $2,000,000

70 60

$1,500,000

50 40

$1,000,000

30 20

$500,000

10 $0

0 Q2 2016

Q2 2017

Q2 2018

Total Sol d Properties

Total Units Sold

Q2 2019

Median Price

Median Sales Price

Q2 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

Q2

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

{2020 vs 2019}

Change

13%

-

-41%

-18%

2020

$1,865,000

-3.1%

38

40

2019

$1,655,000

0.2%

64

49

2018

$1,709,500

1.1%

80

52

2017

$1,500,000

0.8%

79

58

2016

$1,550,000

0.5%

75

52

Los Angeles Q2 Market Update / Hancock Park | Wilshire/ 18


at a glance {Q2 | 2020}

hancock park / wilshire

13

%

Change in Median Selling Price {2020 vs 2019}

40 Average Days on Market

38 Units Sold

1.9m

$

Median Selling Price


at a glance {Q2 | 2020}

los feliz

-9

%

Change in Median Selling Price {2020 vs 2019}

18 Average Days on Market

34 Units Sold

1.7m

$

Median Selling Price


$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 Q2 2016

Q2 2017 Total Sol d Properties

Total Units Sold

Q2 2018

Q2 2019

Q2 2020

Median Price

Median Sales Price

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

Q2

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

{2020 vs 2019}

Change

-9.0%

-

-32%

-60%

2020

$1,725,000

-0.5%

34

18

2019

$1,900,000

0.5%

50

46

2018

$1,902,500

1.9%

60

49

2017

$1,650,000

0.5%

73

48

2016

$1,448,500

-0.6%

58

55

/

21 Los Feliz

/ Los Angeles Q2 Market Update


$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 Q2 2016

Q2 2017 Total Sol d Properties

Total Units Sold

Q2 2018

Q2 2019

Median Price

Median Sales Price

Q2 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

Q2

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

{2020 vs 2019}

Change

-9.0%

-

9.0%

-4.0%

2020

$2,722,500

-7.2%

36

91

2019

$3,000,000

-7.7%

33

94

2018

$3,605,388

-5.5%

64

98

2017

$3,250,000

-6.9%

51

108

2016

$2,912,500

-5.0%

62

112

Los Angeles Q2 Market Update / Malibu / 22


at a glance {Q2 | 2020}

malibu

-9

%

Change in Median Selling Price {2020 vs 2019}

91 Average Days on Market

36 Units Sold

2.7m

$

Median Selling Price


at a glance {Q2 | 2020}

pacific palisades

19

%

Change in Median Selling Price {2020 vs 2019}

35 Average Days on Market

41 Units Sold

3.4m

$

Median Selling Price


$6,000,000

80 70

$5,000,000

60 $4,000,000

50

$3,000,000

40 30

$2,000,000

20 $1,000,000

10 0

$0 Q2 2016

Q2 2017 Total Sol d Properties

Total Units Sold

Q2 2018

Q2 2019

Median Price

Q2 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

Q2

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

{2020 vs 2019}

Change

19%

-

-13%

5.0%

2020

$3,350,000

-4.0%

41

35

2019

$2,810,000

-2.0%

47

33

2018

$3,350,000

-2.2%

67

64

2017

$3,150,000

0.0%

73

35

2016

$2,500,480

-1.4%

72

62

/

25 Pacific Palisades

/ Los Angeles Q2 Market Update


$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 Q2 2016

Q2 2017 Total Sol d Properties

Total Units Sold

Q2 2018

Q2 2019

Median Price

Median Sales Price

Q2 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

Q2

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

{2020 vs 2019}

Change

26%

-

-44%

-85%

2020

$3,250,000

-1.1%

29

7

2019

$2,575,000

0.5%

52

48

2018

$3,075,000

0.5%

65

41

2017

$2,320,000

1.7%

71

47

2016

$2,185,000

-0.3%

69

39

Los Angeles Q2 Market Update / Santa Monica / 26


at a glance {Q2 | 2020}

santa monica

26

%

Change in Median Selling Price {2020 vs 2019}

64 Average Days on Market

55 Units Sold

2.4m

$

Median Selling Price


at a glance {Q2 | 2020}

silver lake

/ echo park

7

%

Change in Median Selling Price {2020 vs 2019}

23

Average Days on Market

63 Units Sold

1.2m

$

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 Q2 2016

Q2 2017 Total Sol d Properties

Total Units Sold

Q2 2018

Q2 2019

Median Price

Median Sales Price

Q2 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

Q2

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

{2020 vs 2019}

Change

7%

-

-33%

-31%

2020

$1,190,000

2.9%

63

23

2019

$1,113,250

3.7%

94

33

2018

$1,048,500

5.7%

82

30

2017

$954,500

4.6%

112

48

2016

$944,500

4.0%

84

49

/

29 Silver Lake | Echo Park

/ Los Angeles Q2 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 Q2 2016

Q2 2017 Total Sol d Properties

Total Units Sold

Q2 2018

Q2 2019

Median Price

Median Sales Price

Q2 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

Q2

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

{2020 vs 2019}

Change

13%

-

-49%

-50%

2020

$2,044,000

-2.9%

57

36

2019

$1,812,500

-3.0%

112

72

2018

$1,800,000

0.0%

128

65

2017

$1,913,000

-0.2%

127

60

2016

$1,834,000

-0.6%

102

66

Los Angeles Q2 Market Update / Sunset Strip | Hollywood Hills / 30


at a glance {Q2 | 2020}

sunset strip

/ hollywood hills

13

%

Change in Median Selling Price {2020 vs 2019}

36 Average Days on Market

57 Units Sold

2

$ m Median Selling Price


at a glance {Q2 | 2020}

TOPANGA

-21

%

Change in Median Selling Price {2020 vs 2019}

52 Average Days on Market

21 Units Sold

1.1m

$

Median Selling Price


$1,800,000

45

$1,600,000

40

$1,400,000

35

$1,200,000

30

$1,000,000

25

$800,000

20

$600,000

15

$400,000

10

$200,000

5

$0

0 Q2 2016

Q2 2017 Total Sol d Properties

Total Units Sold

Q2 2018

Q2 2019

Median Price

Median Sales Price

Q2 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

Q2

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

{2020 vs 2019}

Change

-21%

-

-28%

-11%

2020

$1,100,000

-4.0%

21

52

2019

$1,400,000

-3.2%

29

59

2018

$1,205,000

-1.8%

39

64

2017

$1,060,000

-0.1%

23

65

2016

$1,195,000

-1.6%

35

81

/

33 Silver Lake | Echo Park

/ Los Angeles Q2 Market Update


{Q2 | 2020}

the valley

Neighborhood Highlights Burbank

5

%

$1,200,000

180 160

$1,000,000

140

$800,000

120 100

$600,000

80

$400,000

60 40

$200,000 $0 Q2 2016

Q2 2017 Total Sol d Properties

Total Units Sold

Q2 2018

Q2 2019

Median Price

{2020 vs 2019}

23 76

Average DOM

20

Properties Sold

0

$923k

Q2 2020 ASP

Median Sales Price

Change in median sales price

Average Selling Price

Median Selling Price

Studio City

-20

%

120

$2,500,000

100

$2,000,000

80

$1,500,000

60 $1,000,000

40

$500,000

20

$0

0 Q2 2016

Q2 2017 Total Sol d Properties

Total Units Sold

Q2 2018 Median Price

Median Sales Price

Q2 2019

Q2 2020 ASP

Average Selling Price

Change in median sales price {2020 vs 2019}

26 48

Average DOM

Properties Sold

$1.4m

Median Selling Price


Sherman Oaks

-1

%

250

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

200

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

150

$800,000 100

$600,000 $400,000

50

$200,000 0

$0 Q2 2016

Q2 2017 Total Sol d Properties

Total Units Sold

Q2 2018

Q2 2019

Median Price

Median Sales Price

Q2 2020 ASP

Average Selling Price

Change in median sales price {2020 vs 2019}

27 106

Average DOM

Properties Sold

$1.3m

Median Selling Price

Valley Village

30

%

$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 Q2 2016

Q2 2017 Total Sol d Properties

Total Units Sold

Q2 2018 Median Price

Median Sales Price

Q2 2019

Q2 2020 ASP

Average Selling Price

Change in median sales price {2020 vs 2019}

19 35

Average DOM

Properties Sold

$1.3m

Median Selling Price

/

35 The Valley

/ Los Angeles Q2 Market Update


$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 Q2 2016

Q2 2017 Total Sol d Properties

Total Units Sold

Q2 2018

Q2 2019

Median Price

Median Sales Price

Q2 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

Q2

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

{2020 vs 2019}

Change

-10%

-

-24%

-48%

2020

$1,900,000

-0.8%

31

22

2019

$2,105,000

-2.5%

41

42

2018

$2,325,500

-0.5%

55

39

2017

$2,150,000

-0.6%

51

49

2016

$1,823,468

-1.6%

54

67

Los Angeles Q2 Market Update / Venice / 34


at a glance {Q2 | 2020}

venice

-10

%

Change in Median Selling Price {2020 vs 2019}

22 Average Days on Market

31 Units Sold

1.9m

$

Median Selling Price


at a glance {Q2 | 2020}

west hollywood

68

%

Change in Median Selling Price {2020 vs 2019}

30 Average Days on Market

15 Units Sold

3

$ m Median Selling Price


$3,500,000

40

$3,000,000

35 30

$2,500,000

25

$2,000,000

20 $1,500,000

15

$1,000,000

10

$500,000

5 0

$0 Q2 2016

Q2 2017 Total Sol d Properties

Total Units Sold

Q2 2018

Q2 2019

Median Price

Q2 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

Q2

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

{2020 vs 2019}

Change

68%

-

-55%

-31%

2020

$3,044,743

-4.2%

15

30

2019

$1,807,000

-0.8%

33

44

2018

$1,660,000

-0.1%

35

38

2017

$1,582,200

0.9%

37

41

2016

$1,538,750

-1.7%

32

40

/

39 West Hollywood

/ Los Angeles Q2 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

AUCTION • RETAIL • ADVISORY New York Hong Kong London

AUCTION • RETAIL • ADVISORY New York Hong Kong London

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Q2 2020 | Greater Los Angeles Market Update  

Q2 2020 | Greater Los Angeles Market Update  

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