Los Angeles Market Update | Q1 2014

Page 18

CHEVIOT HILLS - RANCHO PARK

SINGLE FAMILY HOME SALES

Cheviot Hills and Rancho Park are both situated within a short drive of Fox Studios and Sony Studios. Cheviot Hills provides excellent views of much of the Los Angeles. Cheviot Hills’ gently rolling hills are reminiscent of the Cheviot Hills area of Scotland, which is how the area got its name. Rancho Park, though a small residential neighborhood in West Los Angeles, is one of the few districts in Los Angeles where fall foliage can be seen. Nestled between Westwood and Cheviot Hills, Rancho Park is mostly filled with single-family homes and tree-lined streets. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$1,870,200

$-

$1,870,200

$-

$601.02

$-

$601.02

$-

$1,856,180

$-

$1,856,180

$$-

$600.66

$-

$600.66

TOTAL SFH SOLD

10

-

10

-

TOTAL SFH FOR SALE AT END OF PERIOD

10

-

7

3

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

3.0

-

2.1

-

99%

0%

99%

0%

SFH JAN - MAR 2013

ALL

< $1M

$1M - $3M

> $3M

$1,376,962

$834,125

$1,618,222

$-

$613.67

$521.82

$642.32

$-

$1,427,069

$841,004

$1,687,543

$-

$641.57

$526.12

$677.59

$-

TOTAL SFH SOLD

13

4

9

-

TOTAL SFH FOR SALE AT END OF PERIOD

9

2

5

2

AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT

2.1

1.5

1.7

-

104%

101%

104%

0%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

36%

-100%

16%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

-2%

-100%

-6%

0%

AVERAGE SOLD PRICE

30%

-100%

10%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

-6%

-100%

-11%

0%

-23%

-100%

11%

0%

TOTAL SFH FOR SALE AT END OF PERIOD

11%

-100%

40%

50%

AVERAGE MONTHLY SUPPLY OF INVENTORY

44%

-100%

26%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

-4%

-100%

-5%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH MAR/MAR COMPARISON

TOTAL SFH SOLD

(Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles

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