Local Market Report February 2017
Los Angeles - Westside At Rodeo Realty, we believe education is the key to helping clients make the best possible Febisions 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
Feb 2016
Median Price $23,500
Properties Sold
15
Sales Volume $26,075,561
Average Sale Price
$1,738,371
Properties For Sale 193
Feb 2017 $1,585,000 16
%Change 6645% 7%
$58,538,450
124%
$3,658,653
110%
194
1%
59
70
19%
Months Supply of Inventory 13
12
-8%
$5,836,989
89%
Average Days on Market
Average List Price
$3,095,930
*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
Feb 2016
Median Price $5,995
Properties Sold
69
Sales Volume $48,651,740
Average Sale Price
$705,098
Properties For Sale 221
Average Days on Market
61
Months Supply of Inventory 3
Average List Price
$790,198
Feb 2017
%Change
$660,000
10909%
70
1%
$64,705,926
33%
$924,370
31%
220
0%
63
3%
3
0%
$702,497
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
-11%
Beverly Hills
Feb 2016
Median Price $13,000
Properties Sold
53
Sales Volume $86,976,239
Average Sale Price
$1,641,061
Properties For Sale 310
Average Days on Market
55
Months Supply of Inventory 6
Average List Price
$3,342,884
Feb 2017 $6,200
-52%
57
8%
$82,559,530
-5%
$1,448,413
-12%
332
7%
61
11%
6
0%
$2,350,330
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
-30%
Beverly Hills P.O.
Feb 2016
Median Price $30,000
Properties Sold
17
Sales Volume $19,701,800
Average Sale Price
$1,158,929
Properties For Sale 159
Average Days on Market
75
Months Supply of Inventory 9
Average List Price
$3,799,720
Feb 2017 $1,175,000
3817%
17
0%
$25,532,150
30%
$1,501,891
30%
190
19%
84
12%
11
22%
$4,829,750
27%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Beverlywood
Feb 2016
Feb 2017
%Change
Median Price $889,000
$882,000
-1%
26
-4%
$19,082,950
-27%
$733,960
-25%
92
-20%
50
-9%
4
0%
$1,219,527
33%
Properties Sold
27
Sales Volume $26,270,576
Average Sale Price
$972,984
Properties For Sale 115
Average Days on Market
55
Months Supply of Inventory 4
Average List Price
$916,194
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Brentwood
Feb 2016
Feb 2017
%Change
Median Price $717,000
$684,000
-5%
56
-3%
$115,319,450
99%
$2,059,276
107%
Properties Sold
58
Sales Volume $57,837,838
Average Sale Price
$997,204
Properties For Sale 219
Average Days on Market
65
Months Supply of Inventory 4
Average List Price
$2,355,269
204
-7%
43
-34%
4
0%
$1,568,020
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
-33%
Cheviot Hills - Rancho Park
Feb 2016
Median Price $1,690,000
Properties Sold
5
Sales Volume $7,649,000
Average Sale Price
$1,529,800
Properties For Sale 27
Average Days on Market
98
Months Supply of Inventory 5
Average List Price
$1,467,442
Feb 2017 $7,000
-100%
7
40%
$5,633,190
-26%
$804,741
-47%
29
7%
32
-67%
4
-20%
$994,885
-32%
*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
Feb 2016
Feb 2017
%Change
Median Price $425,000
$417,000
-2%
33
0%
$21,653,560
24%
$656,168
24%
78
-29%
31
-37%
2
-33%
$660,232
39%
Properties Sold
33
Sales Volume $17,461,610
Average Sale Price
$529,140
Properties For Sale 110
Average Days on Market
49
Months Supply of Inventory 3
Average List Price
$475,387
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hancock Park
Feb 2016
Feb 2017
%Change
Median Price $485,000
$609,000
26%
54
4%
$57,068,156
49%
$1,056,818
44%
238
-7%
74
6%
4
-20%
$912,921
20%
Properties Sold
52
Sales Volume $38,191,609
Average Sale Price
$734,454
Properties For Sale 257
Average Days on Market
70
Months Supply of Inventory 5
Average List Price
$762,656
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hollywood
Feb 2016
Feb 2017
%Change
Median Price $552,000
$439,000
-20%
47
-4%
$30,775,060
15%
$654,789
19%
259
17%
40
-42%
6
20%
$845,155
38%
Properties Sold
49
Sales Volume $26,864,668
Average Sale Price
$548,259
Properties For Sale 221
Average Days on Market
69
Months Supply of Inventory 5
Average List Price
$613,491
*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
Feb 2016
Median Price $10,500
Properties Sold
26
Sales Volume $15,093,985
Average Sale Price
$603,759
Properties For Sale 107
Average Days on Market
46
Months Supply of Inventory 4
Average List Price
$867,021
Feb 2017
%Change
$815,000
7662%
17
-35%
$14,706,780
-3%
$865,105
43%
124
16%
45
-2%
7
75%
$1,161,902
34%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Los Feliz
Feb 2016 Median Price $1,142,000
Feb 2017
%Change
$570,000
-50%
Properties Sold 33 Sales Volume $47,032,900
27
-18%
$22,125,099
-53%
$819,448
-43%
118
36%
69
-41%
4
33%
$1,019,033
-38%
Average Sale Price
$1,425,239
Properties For Sale 87
Average Days on Market
117
Months Supply of Inventory 3
Average List Price
$1,631,619
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Malibu
Feb 2016
Median Price $15,500
Properties Sold
37
Feb 2017
%Change
$198,775
1182%
32
-14%
$43,574,745
35%
$1,361,711
56%
405
-10%
95
91
-4%
Months Supply of Inventory 12
13
8%
$2,159,438
2%
Sales Volume $32,254,937
Average Sale Price
$871,755
Properties For Sale 449
Average Days on Market
Average List Price
$2,127,514
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Malibu Beach
Feb 2016
Median Price $13,250
Properties Sold
10
Sales Volume $23,241,250
Average Sale Price
$2,324,125
Properties For Sale 213
Average Days on Market
113
Months Supply of Inventory 21
Average List Price
$4,005,886
Feb 2017
%Change
$18,000
36%
11
10%
$25,417,300
9%
$2,310,664
-1%
223
5%
119
5%
20
-5%
$1,947,815
-51%
*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
Feb 2016
Feb 2017
%Change
Median Price $470,000
$750,000
60%
47
-11%
$29,791,968
18%
$633,872
33%
169
1%
57
-20%
4
33%
$775,949
-3%
Properties Sold
53
Sales Volume $25,280,465
Average Sale Price
$476,990
Properties For Sale 168
Average Days on Market
71
Months Supply of Inventory 3
Average List Price
$797,844
*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
Feb 2016
Feb 2017
%Change
Median Price $566,000
$720,000
27%
59
-6%
$39,484,925
3%
$669,236
10%
275
1%
65
20%
5
25%
$763,805
-2%
Properties Sold
63
Sales Volume $38,174,945
Average Sale Price
$605,952
Properties For Sale 272
Average Days on Market
54
Months Supply of Inventory 4
Average List Price
$781,921
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Mid Wilshire
Feb 2016
Feb 2017
%Change
Median Price $575,000
$400,000
-30%
47
104%
$24,916,863
46%
$530,146
-29%
Properties Sold
23
Sales Volume $17,114,524
Average Sale Price
$744,110
Properties For Sale 180
Average Days on Market
58
Months Supply of Inventory 8
Average List Price
$586,308
184
2%
53
-9%
4
-50%
$607,564
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
4%
Pacific Palisades
Feb 2016
Median Price $15,000
Properties Sold
45
Sales Volume $59,302,934
Average Sale Price
$1,317,843
Properties For Sale 174
Average Days on Market
46
Months Supply of Inventory 4
Average List Price
$2,960,044
Feb 2017 $1,018,000
6687%
39
-13%
$90,820,150
53%
$2,328,722
77%
145
-17%
74
61%
4
0%
$2,809,059
-5%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Palms
Feb 2016
Median Price $1,262,000
Properties Sold
29
Sales Volume $29,158,895
Average Sale Price
$1,005,479
Properties For Sale 98
Average Days on Market
54
Months Supply of Inventory 3
Average List Price
$1,081,164
Feb 2017
%Change
$525,000
-58%
49
69%
$36,065,605
24%
$736,033
-27%
106
8%
39
-28%
2
-33%
$1,317,698
22%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Playa Vista
Feb 2016
Median Price $8,500
Properties Sold
19
Sales Volume $8,547,203
Average Sale Price
$449,853
Properties For Sale 40
Average Days on Market
40
Months Supply of Inventory 2
Average List Price
$379,663
Feb 2017
%Change
$795,000
9253%
21
11%
$16,539,650
94%
$787,602
75%
47
18%
63
58%
2
0%
$683,029
80%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Santa Monica
Feb 2016
Median Price $9,250
Properties Sold
112
Sales Volume $115,989,824
Average Sale Price
$1,035,623
Properties For Sale 411
Average Days on Market
45
Months Supply of Inventory 4
Average List Price
$1,104,149
Feb 2017 $9,875
7%
102
-9%
$70,539,422
-39%
$691,563
-33%
419
2%
56
24%
4
0%
$915,642
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
-17%
Silverlake - Echo Park
Feb 2016
Feb 2017
%Change
Median Price $880,000
$587,450
-33%
58
-11%
$38,272,365
-28%
$659,868
-19%
213
-1%
52
-22%
4
33%
$905,534
2%
Properties Sold
65
Sales Volume $53,121,925
Average Sale Price
$817,260
Properties For Sale 215
Average Days on Market
67
Months Supply of Inventory 3
Average List Price
$889,895
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Sunset Strip - Hollywood Hills West
Feb 2016
Median Price $32,500
Properties Sold
76
Sales Volume $74,771,945
Average Sale Price
$983,841
Properties For Sale 450
Average Days on Market
68
Months Supply of Inventory 6
Average List Price
$2,129,679
Feb 2017
%Change
$695,000
2038%
77
1%
$96,176,964
29%
$1,249,051
27%
508
13%
63
-7%
7
17%
$1,279,778
-40%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Venice
Feb 2016
Median Price $11,500
Properties Sold
42
Sales Volume $33,842,319
Average Sale Price
$805,770
Properties For Sale 200
Average Days on Market
53
Months Supply of Inventory 5
Average List Price
$1,215,683
Feb 2017 $8,500
-26%
51
21%
$36,227,626
7%
$710,346
-12%
197
-2%
60
13%
4
-20%
$1,250,762
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
3%
West Hollywood
Feb 2016
Median Price $5,948
Properties Sold
82
Sales Volume $43,229,544
Average Sale Price
$527,190
Properties For Sale 266
Average Days on Market
53
Months Supply of Inventory 3
Average List Price
$526,109
Feb 2017
%Change
$232,000
3800%
90
10%
$57,409,770
33%
$637,886
21%
329
24%
46
-13%
4
33%
$618,317
18%
*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
Feb 2016
Feb 2017
%Change
Median Price $620,000
$450,000
-27%
35
21%
$16,040,020
5%
Properties Sold
29
Sales Volume $15,320,140
Average Sale Price
$528,281
Properties For Sale 89
Average Days on Market
58
Months Supply of Inventory 3
Average List Price
$697,933
$458,286
-13%
85
-4%
46
-21%
2
-33%
$614,594
-12%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Westwood - Century City
Feb 2016
Median Price $8,900
Properties Sold
88
Sales Volume $72,157,878
Average Sale Price
$819,976
Properties For Sale 404
Average Days on Market
61
Months Supply of Inventory 5
Average List Price
$902,530
Feb 2017
%Change
$11,800
33%
113
28%
$77,929,722
8%
$689,644
-16%
392
-3%
50
-18%
3
-40%
$959,802
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
6%
RODEO REALTY MARKETING DEPARTMENT