Q3 2019 | Greater Los Angeles Market Update

Q3 | 2019

Greater Los Angeles

Market Update

BEVERLY HILLS

809NRexford.com Offered at $25,000,000

BEVERLY HILLS

510HillcrestRd.com Offered at $9,250,000

Greater Los Angles 06 08

Bel-Air | Holmby Hills

10

Beverly Hills

12

Beverly Hills Post Office

14 16

22 24 26 28 30 32 34 36

Brentwood Downtown Los Angeles

18 20

Market Snapshot

Hancock Park | Wilshire Los Feliz Malibu

Pacific Palisades Santa Monica

Silver Lake | Echo Park Sunset Strip | Hollywood Hills

The Valley (San Fernando) Venice West Hollywood

BRENTWOOD

543Moreno.com Offered at $8,250,000

BHPO

44BeverlyParkCircle.com Offered at $30,000,000 HOLLYWOOD HILLS WEST

9353NightingaleDrive.com Offered at $10,500,000 BEVERLY HILLS

510HillcrestRd.com Offered at $8,995,000 MALIBU

6902Wildlife.com Offered at $14,995,000

GREATER LOS ANGELES BROKERAGES

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

sothebyshomes.com/socal 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 2019 | Greater Los Angeles

MARKET SHARE BY VOL.

Greater than $5M

Less than $1M

$1M - $5M

Closed Units vs ASP vs MSP $1,200,000

13,000

$1,000,000

12,500

$800,000

12,000

$600,000

11,500

$400,000

11,000

$200,000

10,500

$0

10,000

Q3 2015

Less than $1M

$1M - $5M

Greater than $5M

Sales Volume by Price Category 21 % 21 % 58 %

Q3 2016

PROPERTIES SOLD

Q3 2017 ASP

Q3 2019

MEDIAN SALES PRICE

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 2018

Comparison

by Neighborhood Q3 | Greater Los Angeles

$5,000,000

GREATER LA MEDIAN PRICE $4,500,000

$4,000,000

$3,500,000

$3,000,000

$2,500,000

$2,000,000

$1,500,000

$1,000,000

$500,000

$0

EAST SIDE MARKETS (TOTAL) Westwo od - Century City West Hollywood Vi cinity West Hills Venice Val ley Village University City Topanga Toluca Lake Sunset Strip - Holl ywood Hills West Studio City Silver Lake - Echo Park Sherman Oaks Santa Monica Palms - Mar Vista Palisades Pacific Palisades North Hollywood Marina Del Rey Manhattan Beach Mali bu Beach Mali bu Los Feliz Los Angeles Long Beach

Downtown Los Angeles

Hollywo od Hills East

West Hollywood

Pacific Palisades

Brentwood

Hollywo od

Venice

Malibu

Beverly Hills Post Office

Hancock Park-Wilshire

Sunset Strip | Hollywood Hills

Los Feliz

Beverly Hills

Glendale Encino Do wntown L.A. Culver City Burbank Brentwood Beverlywood Vicinity Beverly Hills Post Office Beverly Hills

Santa Monica

Silver Lake | Echo Park

1.1m $ 1.7m $ 2.0m $ 1.0m

$

Hancock Park / Wilshire

1.3m $ 1.5m $ 1.7m $ 2.8m $ 1.6m

$

Bel-Air | Holmby Hills

2.2m $ 4.7m $ 2.9m $ 2.0m $ 0.6m

$

Beverly Center-Miracl e Mile Bel Air - Hol mby Hi lls

Median Selling Price

at a glance {Q3 | 2019}

BEL-AIR | HOLMBY HILLS

-25.6

%

Change in Median Selling Price {2019 vs 2018}

61 Average Days on Market

46 Units Sold

2.2m

$

Median Selling Price

Sold Prop. vs Avg. Price vs. Median Sales Price 60

$4,500,000 $4,000,000

50

$3,500,000

40

$3,000,000 $2,500,000

30

$2,000,000

20

$1,500,000 $1,000,000

10

$500,000

0

$0 Q3 2015

Q3 2016

Q3 2017

PROPERTIES SOLD

Total Units Sold

Q3 2018 ASP

Q3 2019

MEDIAN SALES PRICE

Median Sales Price

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. sothebyshomes.com/belaIR

Q3

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

{2019 vs 2018}

Change

-25.6%

-

43.8%

6.7%

2019

$2,170,500

-6.6%

46

61

2018

$2,917,500

-6.8%

32

57

2017

$2,149,313

-5.6%

48

71

2016

$2,172,500

-7.0%

44

60

2015

$1,980,000

-3.4%

44

52

/

9 Bel Air | Holmby Hills

/ Los Angeles Q3 Market Update

Sold Prop. vs Avg. Price vs. Median Sales Price 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 2015

Q3 2016

Q3 2017

PROPERTIES SOLD

Total Units Sold

Q3 2018 ASP

Q3 2019

MEDIAN SALES PRICE

Median Sales Price

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. sothebyshomes.com/beVeRlyhIlls

Q3

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

{2019 vs 2018}

Change

46.6%

-

1.8%

45.9%

2019

$4,725,000

-7.2%

57

77

2018

$3,222,800

-3.4%

56

53

2017

$2,330,000

-3.5%

63

57

2016

$2,095,000

-4.0%

52

53

2015

$1,980,000

-5.0%

73

70

Los Angeles Q3 Market Update / Beverly Hills / 10

at a glance {Q3 | 2019}

BEVERLY HILLS

46.6

%

Change in Median Selling Price {2019 vs 2018}

77 Average Days on Market

57 Units Sold

4.7m

$

Median Selling Price

at a glance {Q3 | 2019}

BEVERLY HILLS POST OFFICE

1.3

%

Change in Median Selling Price {2019 vs 2018}

76 Average Days on Market

34 Units Sold

2.9m

$

Median Selling Price

Sold Prop. vs Avg. Price vs. Median Sales Price 50

$5,000,000

45 40 35

$4,500,000 $4,000,000 $3,500,000

30 25

$3,000,000 $2,500,000

20 15

$2,000,000 $1,500,000

10 5

$1,000,000 $500,000

0

$0 Q3 2015

Q3 2016

Q3 2017

PROPERTIES SOLD

Total Units Sold

Q3 2018 ASP

Q3 2019

MEDIAN SALES PRICE

Median Sales Price

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. sothebyshomes.com/bhPo

Q3

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

{2019 vs 2018}

Change

1.3%

-

-20.9%

4.7%

2019

$2,938,140

-6.4%

34

76

2018

$2,900,000

-5.4%

43

72

2017

$3,050,000

-9.4%

45

76

2016

$2,475,000

-5.4%

40

57

2015

$2,525,000

-4.3%

42

68

/

13 Beverly Hills Post Office

/ Los Angeles Q3 Market Update

Sold Prop. vs Avg. Price vs. Median Sales Price 130

$4,000,000

125

$3,500,000 $3,000,000

120

$2,500,000

115

$2,000,000

110

$1,500,000

105

$1,000,000

100

$500,000

95

$0 Q3 2015

Q3 2016

Q3 2017

PROPERTIES SOLD

Total Units Sold

Q3 2018 ASP

Q3 2019

MEDIAN SALES PRICE

Median Sales Price

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. sothebyshomes.com/bReNtWooD

Q3

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

{2019 vs 2018}

Change

-6.5%

-

-15.6%

22.9%

2019

$1,987,500

-3.4%

108

53

2018

$2,125,000

-2.3%

128

43

2017

$1,918,505

-2.5%

121

41

2016

$1,710,000

-1.7%

125

41

2015

$1,170,000

-1.9%

115

44

Los Angeles Q3 Market Update / Brentwood / 14

at a glance {Q3 | 2019}

BRENTWOOD

-6.5

%

Change in Median Selling Price {2019 vs 2018}

53 Average Days on Market

108 Units Sold

2

$ m Median Selling Price

at a glance {Q3 | 2019}

DOWNTOWN LOS ANGELES

-8.5

%

Change in Median Selling Price {2019 vs 2018}

53 Average Days on Market

93 Units Sold

618k

$

Median Selling Price

Sold Prop. vs Avg. Price vs. Median Sales Price $900,000

140

$800,000

120

$700,000

100

$600,000

80

$500,000

60

$400,000 $300,000

40

$200,000

20

$100,000

0

$0 Q3 2015

Q3 2016

Q3 2017

PROPERTIES SOLD

Total Units Sold

Q3 2018

ASP

Q3 2019

MEDIAN SALES PRICE

Median Sales Price

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. sothebyshomes.com/Dtla

Q3

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

{2019 vs 2018}

Change

-8.5%

-

-8.8%

3.5%

2019

$617,500

-3.3%

93

53

2018

$675,000

-3.1%

102

51

2017

$619,250

-1.8%

126

58

2016

$519,500

-2.7%

105

48

2015

$545,000

-2.9%

111

46

/

17 Downtown Los Angeles

/ Los Angeles Q3 Market Update

Sold Prop. vs Avg. Price vs. Median Sales Price 160

$2,500,000

140

$2,000,000

120 100

$1,500,000

80 $1,000,000

60 40

$500,000

20 0

$0 Q3 2015

Q3 2016

Q3 2017

PROPERTIES SOLD

Total Units Sold

Q3 2018 ASP

Q3 2019

MEDIAN SALES PRICE

Median Sales Price

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. sothebyshomes.com/haNcocKPaRK

Q3

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

{2019 vs 2018}

Change

-15.3%

-

16.1%

64.7%

2019

$1,310,500

-3.8%

108

50

2018

$1,547,906

-0.5%

93

30

2017

$1,270,000

-2.2%

113

50

2016

$1,025,000

-1.6%

135

43

2015

$990,000

-1.0%

102

38

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

at a glance {Q3 | 2019}

HANCOCK PARK/WILSHIRE

-15.3

%

Change in Median Selling Price {2019 vs 2018}

50 Average Days on Market

108 Units Sold

1.3m

$

Median Selling Price

at a glance {Q3 | 2019}

LOS FELIZ

-14.1

%

Change in Median Selling Price {2019 vs 2018}

41 Average Days on Market

49 Units Sold

1.5m

$

Median Selling Price

Sold Prop. vs Avg. Price vs. Median Sales Price 80

$2,500,000

70

$2,000,000

60 50

$1,500,000

40 $1,000,000

30 20

$500,000

10 0

$0 Q3 2015

Q3 2016

Q3 2017

PROPERTIES SOLD

Total Units Sold

Q3 2018 ASP

Q3 2019

MEDIAN SALES PRICE

Median Sales Price

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. sothebyshomes.com/losFelIZ

Q3

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

{2019 vs 2018}

Change

-14.1%

-

0%

37.9%

2019

$1,467,000

1.2%

49

41

2018

$1,708,500

1.2%

49

30

2017

$1,667,000

-0.6%

55

44

2016

$1,387,500

-1.2%

62

38

2015

$1,350,000

-0.9%

71

34

/

21 Los Feliz

/ Los Angeles Q3 Market Update

Sold Prop. vs Avg. Price vs. Median Sales Price 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 2015

Q3 2016

Q3 2017

PROPERTIES SOLD

Total Units Sold

Q3 2018 ASP

Q3 2019

MEDIAN SALES PRICE

Median Sales Price

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. sothebyshomes.com/malIbU

Q3

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

{2019 vs 2018}

Change

-26.0%

-

-39.0%

15.1%

2019

$1,740,000

-10.2%

36

87

2018

$2,350,000

-7.9%

59

75

2017

$2,620,000

-9.1%

67

114

2016

$2,247,500

-9.1%

63

127

2015

$1,735,000

-3.7%

56

70

Los Angeles Q3 Market Update / Malibu / 22

at a glance {Q3 | 2019}

MALIBU

-26

%

Change in Median Selling Price {2019 vs 2018}

87 Average Days on Market

36 Units Sold

1.7m

$

Median Selling Price

at a glance {Q3 | 2019}

PACIFIC PALISADES

5

%

Change in Median Selling Price {2019 vs 2018}

38 Average Days on Market

85 Units Sold

2.8m

$

Median Selling Price

Sold Prop. vs Avg. Price vs. Median Sales Price 100

$4,000,000

90 80

$3,500,000

70 60

$2,500,000

$3,000,000

$2,000,000

50 40 30

$1,500,000 $1,000,000

20 10

$500,000

0

$0 Q3 2015

Q3 2016

Q3 2017

PROPERTIES SOLD

Total Units Sold

Q3 2018 ASP

Q3 2019

MEDIAN SALES PRICE

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. sothebyshomes.com/PacIFIcPalIsaDes

Q3

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

{2019 vs 2018}

Change

5.0%

-

28.8%

-4.9%

2019

$2,845,000

-4.2%

85

38

2018

$2,710,139

-4.2%

66

40

2017

$2,800,000

-3.4%

91

43

2016

$2,523,750

-1.7%

94

37

2015

$2,441,500

-1.3%

95

39

/

25 Pacific Palisades

/ Los Angeles Q3 Market Update

Sold Prop. vs Avg. Price vs. Median Sales Price 250

$2,500,000

200

$2,000,000

150

$1,500,000

100

$1,000,000

50

$500,000

0

$0 Q3 2015

Q3 2016

Q3 2017

PROPERTIES SOLD

Total Units Sold

Q3 2018 ASP

Q3 2019

MEDIAN SALES PRICE

Median Sales Price

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. sothebyshomes.com/saNtamoNIca

Q3

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

{2019 vs 2018}

Change

9.0%

-

-0.7%

37.6%

2019

$1,634,500

-2.6%

142

44

2018

$1,500,000

-0.9%

143

32

2017

$1,417,500

0.5%

168

27

2016

$1,257,500

-0.8%

170

32

2015

$1,295,000

-0.4%

193

32

Los Angeles Q3 Market Update / Santa Monica / 26

at a glance {Q3 | 2019}

SANTA MONICA

9

%

Change in Median Selling Price {2019 vs 2018}

44 Average Days on Market

142 Units Sold

1.6m

$

Median Selling Price

at a glance {Q3 | 2019}

SILVER LAKE / ECHO PARK

12.2

%

Change in Median Selling Price {2019 vs 2018}

31 Average Days on Market

94 Units Sold

1.1m

$

Median Selling Price

Sold Prop. vs Avg. Price vs. Median Sales Price 120

$1,400,000

100

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

80

$800,000

60

$600,000

40

$400,000

20

$200,000 $0

0 Q3 2015

Q3 2016

Q3 2017

PROPERTIES SOLD

Total Units Sold

Q3 2018 ASP

Q3 2019

MEDIAN SALES PRICE

Median Sales Price

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. sothebyshomes.com/sIlVeRlaKe

Q3

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

{2019 vs 2018}

Change

12.2%

-

-2.1%

1.5%

2019

$1,136,500

3.8%

94

31

2018

$1,012,500

0.4%

96

30

2017

$1,044,500

4.4%

106

37

2016

$862,500

1.6%

114

32

2015

$775,000

4.3%

95

26

/

29 Silver Lake | Echo Park

/ Los Angeles Q3 Market Update

Sold Prop. vs Avg. Price vs. Median Sales Price 150

$3,000,000

145

$2,500,000

140

$2,000,000

135

$1,500,000

130

$1,000,000

125

$500,000

120 115

$0 Q3 2015

Q3 2016

Q3 2017

PROPERTIES SOLD

Total Units Sold

Q3 2018 ASP

Q3 2019

MEDIAN SALES PRICE

Median Sales Price

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. sothebyshomes.com/sUNsetstRIP

Q3

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

{2019 vs 2018}

Change

2.8%

-

1.6%

6.5%

2019

$1,860,000

-5.4%

129

58

2018

$1,810,000

-4.4%

127

54

2017

$1,639,500

-3.6%

137

50

2016

$1,485,000

-4.8%

137

57

2015

$1,400,000

-3.0%

147

47

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

at a glance {Q3 | 2019}

SUNSET STRIP / HOLLYWOOD HILLS

2.8

%

Change in Median Selling Price {2019 vs 2018}

58 Average Days on Market

129 Units Sold

1.9m

$

Median Selling Price

{Q3 | 2019}

THE VALLEY (SAN FERNANDO)

Neighborhood Highlights Burbank

3.2

%

Sold Prop. vs Avg. Price vs. Median Sales Price 160

$1,000,000

140

$900,000 $800,000

120

$700,000 $600,000

100 80

$500,000 $400,000 $300,000

60 40

$200,000 $100,000

20 0

$0 Q3 2015

Q3 2016

Q3 2017

PROPERTIES SOLD

Total Units Sold

Q3 2018 ASP

Q3 2019

MEDIAN SALES PRICE

Median Sales Price

Average Selling Price

Change in median sales price {2019 vs 2018}

37 109

Average DOM

Properties Sold

$807k

Median Selling Price

Studio City

10.1

%

Sold Prop. vs Avg. Price vs. Median Sales Price

Change in median sales price

180

$1,600,000

160

$1,400,000

140

$1,200,000

120

$1,000,000

100

$800,000

80

$600,000

60

{2019 vs 2018}

34 129

Average DOM

40

$400,000

20

$200,000

Properties Sold

$0

$1.2m

0 Q3 2015

Q3 2016

Q3 2017

PROPERTIES SOLD

Total Units Sold

Q3 2018 ASP

Q3 2019

MEDIAN SALES PRICE

Median Sales Price

Average Selling Price

Median Selling Price

Sherman Oaks

14.5

%

Sold Prop. vs Avg. Price vs. Median Sales Price

Change in median sales price

350

$1,200,000

300

$1,000,000

250

$800,000

200

$600,000

150

$400,000

100

$200,000

50 0

$0 Q3 2015

Q3 2016

Q3 2017

PROPERTIES SOLD

Total Units Sold

Q3 2018 ASP

Q3 2019

MEDIAN SALES PRICE

Median Sales Price

Average Selling Price

{2019 vs 2018}

37 263

Average DOM

Properties Sold

$1m

Median Selling Price

Valley Village

-9

%

Sold Prop. vs Avg. Price vs. Median Sales Price 90

Change in median sales price $1,200,000

80

$1,000,000

70 60

$800,000

50

$600,000

40 30

$400,000

20

$200,000

10 0

$0 Q3 2015

Q3 2016

Q3 2017

PROPERTIES SOLD

Total Units Sold

Q3 2018 ASP

Median Sales Price

Q3 2019

MEDIAN SALES PRICE

Average Selling Price

/

{2019 vs 2018}

25 68

Average DOM

Properties Sold

$864k

Median Selling Price

33 The Valley (San Fernando)

/ Los Angeles Q3 Market Update

Sold Prop. vs Avg. Price vs. Median Sales Price $2,500,000

70 60

$2,000,000

50 40

$1,500,000

30

$1,000,000

20 $500,000

10 0

$0 Q3 2015

Q3 2016

Q3 2017

PROPERTIES SOLD

Total Units Sold

Q3 2018 ASP

Q3 2019

MEDIAN SALES PRICE

Median Sales Price

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. sothebyshomes.com/VeNIce

Q3

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

{2019 vs 2018}

Change

-4.6%

-

-14.3%

-10.5%

2019

$1,955,025

-5.2%

54

43

2018

$2,050,000

-2.6%

63

48

2017

$2,115,000

-0.5%

62

30

2016

$1,750,000

-3.2%

65

41

2015

$1,625,000

-2.0%

53

49

Los Angeles Q3 Market Update / Venice / 34

at a glance {Q3 | 2019}

VENICE

-4.6

%

Change in Median Selling Price {2019 vs 2018}

43 Average Days on Market

54 Units Sold

2

$ m Median Selling Price

at a glance {Q3 | 2019}

WEST HOLLYWOOD

7.4

%

Change in Median Selling Price {2019 vs 2018}

38 Average Days on Market

136 Units Sold

$998k Median Selling Price

Sold Prop. vs Avg. Price vs. Median Sales Price 145

$1,400,000

140

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

135

$800,000

130

$600,000

125

$400,000

120

$200,000 $0

115 Q3 2015

Q3 2016

Q3 2017

PROPERTIES SOLD

Total Units Sold

Q3 2018 ASP

Q3 2019

MEDIAN SALES PRICE

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. sothebyshomes.com/WesthollyWooD

Q3

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

{2019 vs 2018}

Change

7.4%

-

8.8%

23.2%

2019

$997,500

-2.7%

136

38

2018

$929,000

-0.6%

125

31

2017

$882,500

-0.6%

136

34

2016

$847,500

-1.2%

142

33

2015

$754,500

-2.1%

126

40

/

37 West Hollywood

/ Los Angeles Q3 Market Update

UNRIVALED

GLOBAL PERFORMANCE

BEVERLY HILLS POST OFFICE

12097Summit.com Offered at $7,995,000 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. 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. SIR DRE License Number: 899496

$112 BILLION ANOTHER RECORD YEAR IN ANNUAL GLOBAL SALES IN 2018

1,000 23,000 71 OFFICES

AGENTS

COUNTRIES

1 3 OUT OF

OFFICES IS OUTSIDE OF THE UNITED STATES

31 MILLION VISITS TO SOTHEBYSREALTY.COM 13% INCREASE YEAR OVER YEAR

180,000 YOUTUBE SUBSCRIBERS SILVER CREATOR AWARD WINNER

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