Local Market Report March 2017
Los Angeles - Westside At Rodeo Realty, we believe education is the key to helping clients make the best possible Marchisions 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
March 2016
Median Price $503,750
Properties Sold
16
Sales Volume $23,683,762
Average Sale Price
$1,480,235
Properties For Sale 154
Average Days on Market
52
Months Supply of Inventory 10
Average List Price
$5,650,721
March 2017
%Change
$1,882,000
274%
19
19%
$52,100,926
120%
$2,742,154
85%
159
3%
83
60%
8
-20%
$4,881,820
-14%
*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
March 2016
Median Price $20,975
Properties Sold
34
Sales Volume $25,137,435
Average Sale Price
$739,336
Properties For Sale 81
Average Days on Market
42
Months Supply of Inventory 2
Average List Price
$1,016,464
March 2017
%Change
$1,325,000
6217%
29
-15%
$34,559,655
37%
$1,191,712
61%
98
21%
40
-5%
3
50%
$1,479,476
46%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverly Hills
March 2016
Median Price $28,250
Properties Sold
32
Sales Volume $76,538,750
Average Sale Price
$2,391,836
Properties For Sale 165
Average Days on Market
61
Months Supply of Inventory 5
Average List Price
$5,210,026
March 2017 $34,000
20%
33
3%
$84,856,495
11%
$2,571,409
8%
163
-1%
77
26%
5
0%
$4,678,729
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
-10%
Beverly Hills P.O.
March 2016
Median Price $1,299,500
Properties Sold
18
Sales Volume $20,389,795
Average Sale Price
$1,132,766
Properties For Sale 155
Average Days on Market
60
Months Supply of Inventory 9
Average List Price
$2,290,346
March 2017 $23,500
-98%
13
-28%
$22,390,750
10%
$1,865,896
65%
194
25%
80
33%
15
67%
$5,421,572
137%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Beverlywood
March 2016
Median Price $1,160,750
Properties Sold
24
Sales Volume $26,419,005
Average Sale Price
$1,100,792
Properties For Sale 67
Average Days on Market
57
Months Supply of Inventory 3
Average List Price
$984,055
March 2017 $903,000
-22%
19
-21%
$21,390,850
-19%
$1,125,834
2%
58
-13%
42
-26%
3
0%
$1,351,941
37%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Brentwood
March 2016
March 2017
%Change
Median Price $1,650,000
$2,225,000
35%
23
-26%
$78,075,015
75%
$3,394,566
136%
Properties Sold
31
Sales Volume $44,657,112
Average Sale Price
$1,440,552
Properties For Sale 134
Average Days on Market
77
Months Supply of Inventory 4
Average List Price
$3,651,858
142
6%
75
-3%
6
50%
$2,950,836
-19%
*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
March 2016
March 2017
%Change
Median Price $1,460,000
$1,973,500
35%
18
38%
$33,860,000
81%
$1,881,111
31%
31
35%
68
45%
2
0%
$1,976,520
14%
Properties Sold
13
Sales Volume $18,714,481
Average Sale Price
$1,439,575
Properties For Sale 23
Average Days on Market
47
Months Supply of Inventory 2
Average List Price
$1,740,657
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Culver City
March 2016
Median Price $963,000
Properties Sold
20
Sales Volume $16,610,040
Average Sale Price
$830,502
Properties For Sale 44
Average Days on Market
57
Months Supply of Inventory 2
Average List Price
$1,016,404
March 2017
%Change
$1,147,000
19%
20
0%
$19,263,690
16%
$963,185
16%
41
-7%
35
-39%
2
0%
$856,965
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
-16%
Hancock Park
March 2016
March 2017
%Change
Median Price $1,287,500
$1,210,000
-6%
29
-9%
$37,828,050
-29%
$1,304,416
-21%
109
11%
46
-29%
4
33%
$1,811,405
11%
Properties Sold
32
Sales Volume $52,951,699
Average Sale Price
$1,654,741
Properties For Sale 98
Average Days on Market
65
Months Supply of Inventory 3
Average List Price
$1,635,367
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Hollywood
March 2016
Median Price $776,500
Properties Sold
12
Sales Volume $10,506,645
Average Sale Price
$875,554
Properties For Sale 31
Average Days on Market
55
Months Supply of Inventory 3
Average List Price
$834,155
March 2017 $750,000
-3%
9
-25%
$6,227,800
-41%
$691,978
-21%
47
52%
29
-47%
5
67%
$783,688
-6%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Hollywood Hills East
March 2016
Median Price $937,000
Properties Sold
13
Sales Volume $10,484,050
Average Sale Price
$806,465
Properties For Sale 75
Average Days on Market
59
Months Supply of Inventory 6
Average List Price
$1,005,646
March 2017 $540,000
-42%
21
62%
$19,356,360
85%
$921,731
14%
90
20%
77
31%
4
-33%
$1,237,983
23%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Los Feliz
March 2016 Median Price $1,674,500
March 2017 $925,000
-45%
Properties Sold 24 Sales Volume $49,316,800
19
-21%
$19,082,790
-61%
$1,004,357
-51%
94
47%
39
-48%
5
67%
$3,309,126
170%
Average Sale Price
$2,054,867
Properties For Sale 64
Average Days on Market
75
Months Supply of Inventory 3
Average List Price
$1,224,125
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Malibu
March 2016
March 2017
%Change
Median Price $1,260,000
$1,070,000
-15%
24
-17%
$47,547,018
14%
$1,981,126
37%
249
6%
116
27%
10
25%
$3,519,725
19%
Properties Sold
29
Sales Volume $41,838,489
Average Sale Price
$1,442,707
Properties For Sale 235
Average Days on Market
91
Months Supply of Inventory 8
Average List Price
$2,969,087
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Malibu Beach
March 2016
Median Price $95,000
Properties Sold
14
Sales Volume $40,960,000
Average Sale Price
$2,925,714
Properties For Sale 189
Average Days on Market
129
Months Supply of Inventory 14
Average List Price
$3,548,394
March 2017
%Change
$2,300,000
2321%
9 $43,822,445
7%
$4,869,161
66%
176
-7%
146
13%
20
43%
$4,449,713
25%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
-36%
Marina del Rey
March 2016
Median Price $817,500
Properties Sold
4
Sales Volume $3,195,500
Average Sale Price
$798,875
Properties For Sale 39
Average Days on Market
88
Months Supply of Inventory 10
Average List Price
$1,587,209
March 2017
%Change
$1,371,500
68%
10
150%
$14,438,500
352%
$1,443,850
81%
28
-28%
44
-50%
3
-70%
$1,195,640
-25%
*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
March 2016
Median Price $519,000
Properties Sold
33
Sales Volume $19,961,900
Average Sale Price
$604,906
Properties For Sale 107
Average Days on Market
51
Months Supply of Inventory 3
Average List Price
$539,466
March 2017 $677,000
30%
40
21%
$26,000,428
30%
$650,011
7%
94
-12%
46
-10%
2
-33%
$621,857
15%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Mid Wilshire
March 2016
Median Price $737,500
Properties Sold
4
Sales Volume $3,025,000
Average Sale Price
$756,250
Properties For Sale 19
Average Days on Market
102
Months Supply of Inventory 5
Average List Price
$525,605
March 2017 $745,000
1%
8
100%
$5,286,800
75%
$660,850
-13%
35
84%
48
-53%
4
-20%
$706,560
34%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Pacific Palisades
March 2016
March 2017
%Change
Median Price $2,190,000
$1,689,000
-23%
38
-10%
$64,451,950
-20%
$1,696,104
-12%
139
-4%
60
-2%
4
33%
$2,780,855
3%
Properties Sold
42
Sales Volume $80,666,710
Average Sale Price
$1,920,636
Properties For Sale 145
Average Days on Market
61
Months Supply of Inventory 3
Average List Price
$2,705,321
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Palms
March 2016
March 2017
%Change
Median Price $1,264,000
$1,275,000
1%
Properties Sold
37
Sales Volume $41,911,450
Average Sale Price
$1,132,742
Properties For Sale 76
Average Days on Market
48
Months Supply of Inventory 2
Average List Price
$1,183,449
27
-27%
$35,147,499
-16%
$1,301,759
15%
82
8%
40
-17%
3
50%
$1,064,281
-10%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Playa Vista
March 2016
Median Price $801,250
Properties Sold
20
Sales Volume $13,209,100
Average Sale Price
$660,455
Properties For Sale 51
Average Days on Market
37
Months Supply of Inventory 3
Average List Price
$537,088
March 2017 $654,000
-18%
25
25%
$14,840,890
12%
$593,636
-10%
54
6%
35
-5%
2
-33%
$1,129,638
110%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Santa Monica
March 2016
Median Price $327,000
Properties Sold
116
Sales Volume $123,640,075
Average Sale Price
$1,065,863
Properties For Sale 449
Average Days on Market
51
Months Supply of Inventory 4
Average List Price
$946,591
March 2017 $31,000
-91%
146
26%
$138,639,988
12%
$949,589
-11%
510
14%
47
-8%
3
-25%
$744,732
-21%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Silverlake - Echo Park
March 2016
Median Price $873,000
Properties Sold
43
Sales Volume $36,646,210
Average Sale Price
$852,237
Properties For Sale 84
Average Days on Market
56
Months Supply of Inventory 2
Average List Price
$759,140
March 2017 $832,000
-5%
32
-26%
$23,286,787
-36%
$727,712
-15%
91
8%
62
11%
3
50%
$948,371
25%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Sunset Strip - Hollywood Hills West
March 2016
Median Price $1,235,000
Properties Sold
83
Sales Volume $140,867,987
Average Sale Price
$1,697,205
Properties For Sale 319
Average Days on Market
74
Months Supply of Inventory 4
Average List Price
$1,964,137
March 2017 $974,500
-21%
64
-23%
$96,346,667
-32%
$1,505,417
-11%
381
19%
67
-9%
6
50%
$2,383,407
21%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Venice
March 2016
March 2017
%Change
Median Price $1,388,000
$1,400,000
1%
35
17%
$49,301,260
55%
$1,408,607
33%
109
14%
56
-24%
3
0%
Properties Sold
30
Sales Volume $31,764,490
Average Sale Price
$1,058,816
Properties For Sale 96
Average Days on Market
74
Months Supply of Inventory 3
Average List Price
$1,496,898
$1,095,422
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
-27%
West Hollywood
March 2016
Median Price $1,165,000
Properties Sold
19
Sales Volume $16,200,340
Average Sale Price
$852,649
Properties For Sale 58
Average Days on Market
40
Months Supply of Inventory 3
Average List Price
$1,015,209
March 2017 $13,000
-99%
23
21%
$15,125,680
-7%
$657,638
-23%
65
12%
55
38%
3
0%
$1,100,538
8%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
West Los Angeles
March 2016
Median Price $850,000
Properties Sold
13
Sales Volume $9,004,750
Average Sale Price
$692,673
Properties For Sale 35
Average Days on Market
57
Months Supply of Inventory 3
Average List Price
$975,730
March 2017 $887,000
4%
13
0%
$10,779,375
20%
$829,183
20%
34
-3%
31
-46%
3
0%
$1,018,590
4%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Westwood - Century City
March 2016
March 2017
%Change
Median Price $1,536,501
$1,500,000
-2%
21
-25%
$36,743,320
-30%
$1,749,682
-6%
70
23%
24
-23%
3
50%
$2,091,576
12%
Properties Sold
28
Sales Volume $52,189,052
Average Sale Price
$1,863,895
Properties For Sale 57
Average Days on Market
31
Months Supply of Inventory 2
Average List Price
$1,866,588
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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