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