Local Market Report December 2016
Los Angeles - Westside At Rodeo Realty, we believe education is the key to helping clients make the best possible decisions about buying and selling homes. Our Local Market Reports provide comprehensive analyses of real estate trends in specific communities, versus quoting national, state, and/or county statistics. The fact is market conditions can vary greatly from neighborhood to neighborhood, and sometimes from one block to the next.
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Table of Contents Bel Air - Holmby Hills
2
Marina del Rey
16
Beverly Center - Miracle Mile
3
Mid Los Angeles
17
Beverly Hills
4
Mid Wilshire
18
Beverly Hills P.O.
5
Palms
19
Beverlywood
6
Pacific Palisades
20
Brentwood
7
Playa Vista
21
Cheviot Hills - Rancho Park
8
Santa Monica
22
Culver City
9
Silverlake - Echo Park
23
Hancock Park
10
Hollywood
11
Sunset Strip Hollywood Hills West
24
Hollywood Hills East
12
Venice
25
Los Feliz
13
West Hollywood
26
Malibu
14
West Los Angeles
27
Malibu Beach
15
Westwood - Century City
28
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Bel Air-Holmby Hills
Dec 2015
Dec 2016
%Change
Median Price $327,500
$363,000
11%
22
38%
$91,080,200
80%
$4,140,009
31%
188
16%
59
-34%
9
-10%
$6,110,923
251%
Properties Sold
16
Sales Volume $50,635,650
Average Sale Price
$3,164,728
Properties For Sale 162
Average Days on Market
90
Months Supply of Inventory 10
Average List Price
$1,742,144
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverly Center - Miracle Mile
Dec 2015
Dec 2016
%Change
Median Price $760,000
$855,000
13%
54
6%
$44,836,720
20%
$830,310
13%
54
6%
48
-19%
4
0%
$721,933
35%
Properties Sold
51
Sales Volume $37,427,055
Average Sale Price
$733,864
Properties For Sale 51
Average Days on Market
59
Months Supply of Inventory 4
Average List Price
$534,564
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Beverly Hills
Dec 2015
Median Price $1,187,000
Properties Sold
74
Sales Volume $191,971,892
Average Sale Price
$2,594,215
Properties For Sale 412
Average Days on Market
73
Months Supply of Inventory 6
Average List Price
$1,958,672
Dec 2016
%Change
$41,000
-97%
64
-14%
$189,560,389
-1%
$2,961,881
14%
494
20%
86
18%
8
33%
$1,760,057
-10%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Beverly Hills P.O.
Dec 2015
Median Price $1,887,500
Properties Sold
18
Sales Volume $41,673,200
Average Sale Price
$2,315,178
Properties For Sale 155
Average Days on Market
80
Months Supply of Inventory 9
Average List Price
$3,270,296
Dec 2016
%Change
$32,000
-98%
11
-39%
$42,020,994
1%
$3,820,090
65%
200
29%
75
-6%
18
100%
$2,107,692
-36%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Beverlywood
Dec 2015
Median Price $726,500
Properties Sold
36
Sales Volume $26,770,184
Average Sale Price
$743,616
Properties For Sale 92
Average Days on Market
61
Months Supply of Inventory 3
Average List Price
$640,371
Dec 2016 $1,129,500
55%
36
0%
$35,137,522
31%
$976,042
31%
85
-8%
43
-30%
2
-33%
$591,418
-8%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Brentwood
Dec 2015
Dec 2016
%Change
Median Price $742,000
$900,000
21%
55
4%
Properties Sold
53
Sales Volume $111,015,052
Average Sale Price
$2,094,624
Properties For Sale 204
Average Days on Market
58
Months Supply of Inventory 4
Average List Price
$1,414,820
$87,278,676
-21%
$1,586,885
-24%
149
-27%
72
24%
3
-25%
$1,907,037
35%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Cheviot Hills - Rancho Park
Dec 2015
Median Price $1,117,500
Properties Sold
8
Sales Volume $7,766,075
Average Sale Price
$970,759
Properties For Sale 25
Average Days on Market
40
Months Supply of Inventory 3
Average List Price
$1,441,291
Dec 2016 $1,600,000
43%
11
38%
$18,765,250
142%
$1,705,932
76%
26
4%
49
23%
2
-33%
$2,731,569
90%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Culver City
Dec 2015
Dec 2016
%Change
Median Price $785,000
$585,000
-25%
78
-9%
$33,887,272
-29%
$691,577
-15%
78
-9%
30
-40%
2
100%
$806,937
35%
Properties Sold
86
Sales Volume $47,873,937
Average Sale Price
$811,423
Properties For Sale 86
Average Days on Market
50
Months Supply of Inventory 1
Average List Price
$598,758
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hancock Park
Dec 2015
Dec 2016
%Change
Median Price $729,000
$875,000
20%
47
-11%
$45,838,476
-12%
$975,287
-1%
204
5%
72
9%
4
0%
$853,875
4%
Properties Sold
53
Sales Volume $52,201,550
Average Sale Price
$984,935
Properties For Sale 194
Average Days on Market
66
Months Supply of Inventory 4
Average List Price
$818,882
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hollywood
Dec 2015
Dec 2016
%Change
Median Price $619,500
$599,500
-3%
40
-7%
$23,917,729
-3%
$597,943
4%
221
16%
57
-12%
6
50%
$686,640
17%
Properties Sold
43
Sales Volume $24,751,894
Average Sale Price
$575,625
Properties For Sale 191
Average Days on Market
65
Months Supply of Inventory 4
Average List Price
$589,386
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hollywood Hills East
Dec 2015
Dec 2016
%Change
Median Price $640,000
$879,500
37%
23
0%
$19,601,737
11%
$852,249
11%
122
0%
47
-24%
5
0%
$816,319
5%
Properties Sold
23
Sales Volume $17,687,845
Average Sale Price
$769,037
Properties For Sale 122
Average Days on Market
62
Months Supply of Inventory 5
Average List Price
$776,118
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Los Feliz
Dec 2015 Median Price $848,204
Dec 2016 $1,425,000
68%
Properties Sold 34 Sales Volume $37,409,016
32
-6%
$42,065,200
12%
$1,314,538
19%
106
22%
46
-21%
3
0%
$1,051,363
-3%
Average Sale Price
$1,100,265
Properties For Sale 87
Average Days on Market
58
Months Supply of Inventory 3
Average List Price
$1,081,307
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Malibu
Dec 2015
Median Price $1,100,000
Properties Sold
46
Sales Volume $96,241,450
Average Sale Price
$2,138,699
Properties For Sale 451
Average Days on Market
126
Months Supply of Inventory 10
Average List Price
$2,359,471
Dec 2016
%Change
$340,000
-69%
32
-30%
$54,587,747
-43%
$1,819,592
-15%
372
-18%
90
-29%
12
20%
$3,755,584
59%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Malibu Beach
Dec 2015
Median Price $20,000
Properties Sold
202
Sales Volume $24,095,545
Average Sale Price
$1,606,370
Properties For Sale 202
Average Days on Market
200
Months Supply of Inventory 13
Average List Price
$2,886,693
Dec 2016
%Change
$35,000
75%
196
-3%
$4,649,748
-81%
$664,250
-59%
196
-3%
237
19%
28
115%
$1,945,220
-33%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Marina del Rey
Dec 2015
Dec 2016
%Change
Median Price $550,000
$680,000
24%
54
-11%
Properties Sold
61
Sales Volume $31,558,942
Average Sale Price
$517,360
Properties For Sale 157
Average Days on Market
57
Months Supply of Inventory 3
Average List Price
$491,294
$34,127,995
8%
$643,924
24%
168
7%
51
-11%
3
0%
$629,484
28%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Mid Los Angeles
Dec 2015
Dec 2016
%Change
Median Price $582,000
$640,000
10%
70
0%
$44,209,470
2%
$631,564
2%
Properties Sold
70
Sales Volume $43,291,060
Average Sale Price
$618,444
Properties For Sale 278
Average Days on Market
60
Months Supply of Inventory 4
Average List Price
$612,980
236
-15%
48
-20%
3
-25%
$595,570
-3%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Mid Wilshire
Dec 2015
Dec 2016
%Change
Median Price $570,000
$460,000
-19%
Properties Sold
33
Sales Volume $19,852,025
Average Sale Price
$601,577
Properties For Sale 149
Average Days on Market
43
Months Supply of Inventory 5
Average List Price
$347,021
35 $16,603,250
-16%
$474,379
-21%
162
9%
47
9%
5
0%
$522,832
51%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
6%
Pacific Palisades
Dec 2015
Median Price $1,552,000
Properties Sold
44
Sales Volume $88,478,050
Average Sale Price
$2,010,865
Properties For Sale 150
Average Days on Market
76
Months Supply of Inventory 3
Average List Price
$1,677,128
Dec 2016
%Change
$732,500
-53%
44
0%
$91,360,979
3%
$2,076,386
3%
157
5%
66
-13%
4
33%
$1,218,902
-27%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Palms
Dec 2015
Dec 2016
%Change
Median Price $942,500
$855,000
-9%
56
0%
$53,811,240
-8%
$960,915
-8%
91
11%
55
-14%
2
100%
$572,349
-38%
Properties Sold
56
Sales Volume $58,588,801
Average Sale Price
$1,046,229
Properties For Sale 82
Average Days on Market
64
Months Supply of Inventory 1
Average List Price
$921,682
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Playa Vista
Dec 2015
Median Price $6,375
Properties Sold
12
Sales Volume $7,891,250
Average Sale Price
$657,604
Properties For Sale 23
Average Days on Market
45
Months Supply of Inventory 2
Average List Price
$446,124
Dec 2016
%Change
$885,000
13782%
17
42%
$13,125,675
66%
$772,099
17%
47
104%
44
-2%
3
50%
$1,113,316
150%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Santa Monica
Dec 2015
Dec 2016
%Change
Median Price $581,525
$615,000
6%
105
21%
$102,457,402
12%
$975,785
-7%
347
3%
50
2%
3
-25%
$729,628
-25%
Properties Sold
87
Sales Volume $91,450,010
Average Sale Price
$1,051,150
Properties For Sale 338
Average Days on Market
49
Months Supply of Inventory 4
Average List Price
$975,655
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Silverlake - Echo Park
Dec 2015
Dec 2016
%Change
Median Price $857,250
$800,000
-7%
61
22%
$52,784,328
21%
$865,317
-1%
204
0%
48
-2%
3
-25%
Properties Sold
50
Sales Volume $43,704,289
Average Sale Price
$874,086
Properties For Sale 205
Average Days on Market
49
Months Supply of Inventory 4
Average List Price
$670,272
$695,698
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
4%
Sunset Strip - Hollywood Hills West
Dec 2015
Dec 2016
%Change
Median Price $817,500
$927,000
13%
78
-6%
$99,035,401
-5%
$1,269,685
1%
463
12%
64
-26%
6
20%
$1,464,572
-15%
Properties Sold
83
Sales Volume $104,435,990
Average Sale Price
$1,258,265
Properties For Sale 415
Average Days on Market
87
Months Supply of Inventory 5
Average List Price
$1,723,639
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Venice
Dec 2015
Median Price $1,141,000
Properties Sold
45
Sales Volume $46,352,370
Average Sale Price
$1,030,053
Properties For Sale 163
Average Days on Market
55
Months Supply of Inventory 4
Average List Price
$1,124,011
Dec 2016
%Change
$408,750
-64%
54
20%
$60,355,225
30%
$1,117,689
9%
179
10%
62
13%
3
-25%
$703,154
-37%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
West Hollywood
Dec 2015
Dec 2016
%Change
Median Price $468,000
$567,250
21%
62
-27%
$45,808,010
-19%
$738,839
11%
259
19%
45
-20%
4
33%
$503,657
8%
Properties Sold
85
Sales Volume $56,729,658
Average Sale Price
$667,408
Properties For Sale 217
Average Days on Market
56
Months Supply of Inventory 3
Average List Price
$467,462
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
West Los Angeles
Dec 2015
Dec 2016
%Change
Median Price $801,000
$700,000
-13%
51
21%
$32,405,855
3%
Properties Sold
42
Sales Volume $31,333,987
Average Sale Price
$746,047
Properties For Sale 78
Average Days on Market
64
Months Supply of Inventory 2
Average List Price
$413,233
$635,409 83
6%
44
-31%
2
0%
$651,852
58%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
-15%
Westwood - Century City
Dec 2015
Dec 2016
%Change
Median Price $592,500
$640,000
8%
Properties Sold
106
Sales Volume $97,904,820
Average Sale Price
$923,630
Properties For Sale 352
Average Days on Market
62
Months Supply of Inventory 3
Average List Price
$792,165
88
-17%
$83,123,270
-15%
$944,583
2%
372
6%
48
-23%
4
33%
$592,029
-25%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
RODEO REALTY MARKETING DEPARTMENT