Sunset Strip - Hollywood Hills West DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,616,250
$1,323,500
$1,220,000
$1,642,500
1.6%
Average Price per Square Foot ...........................
$731
$715
$639
$893
22.2%
Properties Sold .......................................................
36
34
24
33
-8.3%
Properties Pending Sale .......................................
55
37
36
41
-25.5%
Properties For Sale ................................................
227
277
237
245
7.9%
Days on Market (Pending Sale) ...........................
52
56
70
75
44.2%
Month’s Supply of Inventory ................................
6.3
8.1
9.9
7.4
17.7%
Percent Under Contract ........................................
24.2%
13.4%
15.2%
16.7%
-30.9%
Average Median Price for Last 12 Months ........
$1,418,000
$1,565,913
$1,706,327
$1,522,248
6.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.616
MAY
$1,642,500
JUN JUL
MEDIAN SALES PRICE
AUG
$893
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
7.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.642 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
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