Local Market Report
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
Pacific Palisades
19
Beverlywood
6
Palms - Mar Vista
20
Brentwood
7
Playa Vista
21
Cheviot Hills - Rancho Park
8
Santa Monica
22
Culver City
9
Silverlake - Echo Park
23
Hancock Park - Wilshire
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 2012
Feb 2013
Median Price $1,751,000
$1,825,000
Properties Sold
4
Sales Volume $14,527,000
Properties Pending Sale
15
Properties For Sale 144
Average Days on Market
90
Month’s Supply of Inventory 8
Percent Under Contract
10.4
8 $40,645,000
%Change 4 100 180
15
0
111
-23
64
-29
6
-25
13.5
30
*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 2012
Feb 2013
%Change
Median Price $829,000
$857,500
3
10
-9
$6,843,000
-30
16
13
-19
Properties For Sale 79
57
-28
31
-48
3
0
22.8
13
Properties Sold
11
Sales Volume $9,768,950
Properties Pending Sale
Average Days on Market
60
Month’s Supply of Inventory 3
Percent Under Contract
20.3
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverly Hills
Feb 2012
Feb 2013
Median Price $2,862,000
$2,713,500
-5
6
20
$19,872,000
-9
14
0
96
-23
121
49
5
-29
14.6
29
Properties Sold
5
Sales Volume $21,737,000
Properties Pending Sale
14
Properties For Sale 124
Average Days on Market
81
Month’s Supply of Inventory 7
Percent Under Contract
11.3
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Beverly Hills P.O.
Feb 2012
Feb 2013
Median Price $1,850,000
$1,877,500
2
12
33
$20,755,000
-47
17
-15
103
-30
64
-41
4
-33
16.5
21
Properties Sold
9
Sales Volume $38,830,255
Properties Pending Sale
20
Properties For Sale 147
Average Days on Market
108
Month’s Supply of Inventory 6
Percent Under Contract
13.6
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Beverlywood
Feb 2012
Feb 2013
%Change
Median Price $722,500
$769,000
6
Properties Sold
14
9
-36
$7,832,000
-18
22
17
-23
Properties For Sale 79
41
-48
54
-16
1
-50
41.5
49
Sales Volume $9,557,100
Properties Pending Sale
Average Days on Market
64
Month’s Supply of Inventory 2
Percent Under Contract
27.8
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Brentwood
Feb 2012
Feb 2013
Median Price $1,709,750
$2,225,000
30
17
70
$50,572,750
54
14
-22
79
-41
68
-29
4
0
17.7
31
Properties Sold
10
Sales Volume $32,855,000
Properties Pending Sale
18
Properties For Sale 133
Average Days on Market
96
Month’s Supply of Inventory 4
Percent Under Contract
13.5
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Cheviot Hills - Rancho Park
Feb 2012
Feb 2013
Median Price $1,550,000
$1,145,000
-26
2
-33
$2,290,000
-47
9
13
20
-26
50
233
1
-50
45
52
Properties Sold
3
Sales Volume $4,350,000
Properties Pending Sale
8
Properties For Sale 27
Average Days on Market
15
Month’s Supply of Inventory 2
Percent Under Contract
29.6
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Culver City
Feb 2012
Feb 2013
%Change
Median Price $525,000
$720,000
37
17
113
$11,340,500
155
16
78
40
-32
29
-46
1
-80
40
162
Properties Sold
8
Sales Volume $4,440,900
Properties Pending Sale
9
Properties For Sale 59
Average Days on Market
54
Month’s Supply of Inventory 5
Percent Under Contract
15.3
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Hancock Park - Wilshire
Feb 2012
Feb 2013
%Change
Median Price $933,000
$890,000
-5
11
-52
$7,471,500
-71
22
-24
76
-48
36
-62
2
-50
28.9
45
Properties Sold
23
Sales Volume $25,331,499
Properties Pending Sale
29
Properties For Sale 145
Average Days on Market
94
Month’s Supply of Inventory 4
Percent Under Contract
20
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Hollywood
Feb 2012
Feb 2013
Median Price $499,000
$1,160,000
Properties Sold
3
Sales Volume $1,439,500
Properties Pending Sale
4
Properties For Sale 40
Average Days on Market
27
Month’s Supply of Inventory 8
Percent Under Contract
10
3 $2,885,000
%Change 132 0 100
4
0
18
-55
39
44
3
-63
22.2
122
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Hollywood Hills East
Feb 2012
Feb 2013
%Change
Median Price $635,000
$955,000
50
16
23
$15,811,500
112
15
88
56
-27
59
-27
2
-75
26.8
158
Properties Sold
13
Sales Volume $7,458,000
Properties Pending Sale
8
Properties For Sale 77
Average Days on Market
81
Month’s Supply of Inventory 8
Percent Under Contract
10.4
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Los Feliz
Feb 2012
Feb 2013
Median Price $932,000
$750,000
-20
12
-14
$12,084,000
-8
28
0
88
-19
51
-14
2
-33
31.8
23
Properties Sold
14
Sales Volume $13,178,000
Properties Pending Sale
28
Properties For Sale 108
Average Days on Market
59
Month’s Supply of Inventory 3
Percent Under Contract
25.9
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Malibu
Feb 2012
Feb 2013
Median Price $1,965,000
$1,900,000
-3
10
-17
$22,582,888
-7
19
46
156
-37
85
-50
7
-68
12.2
131
Properties Sold
12
Sales Volume $24,165,000
Properties Pending Sale
13
Properties For Sale 247
Average Days on Market
171
Month’s Supply of Inventory 22
Percent Under Contract
5.3
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Malibu Beach
Feb 2012
Feb 2013
Median Price $3,795,000
$17,000,000
348
1
-50
$17,00,000
124
4
-20
82
-16
265
34
17
0
4.9
-4
Properties Sold
2
Sales Volume $7,590,000
Properties Pending Sale
5
Properties For Sale 98
Average Days on Market
198
Month’s Supply of Inventory 17
Percent Under Contract
5.1
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Marina del Rey
Feb 2012 Median Price $760,000
Properties Sold
4
Sales Volume $3,120,000
Properties Pending Sale
1
Properties For Sale 28
Average Days on Market
59
Month’s Supply of Inventory 26
Percent Under Contract
3.6
Feb 2013 $1,687,500
%Change 122
4
0
$5,300,000
70
7
600
20
-29
66
12
2
-92
35
880
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Mid Los Angeles
Feb 2012
Feb 2013
%Change
Median Price $240,000
$293,000
22
25
32
$6,183,750
175
38
52
119
-41
38
-53
2
-67
31.9
159
Properties Sold
19
Sales Volume $2,249,600
Properties Pending Sale
25
Properties For Sale 203
Average Days on Market
80
Month’s Supply of Inventory 6
Percent Under Contract
12.3
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Mid Wilshire
Feb 2012
Feb 2013
Median Price $440,000
$470,000
Properties Sold
2
Sales Volume $460,000
Properties Pending Sale
3
Properties For Sale 48
Average Days on Market
40
Month’s Supply of Inventory 13
Percent Under Contract
6.3
7 $470,000
%Change 7 250 2
8
167
33
-31
56
40
2
-85
24.2
288
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Pacific Palisades
Feb 2012
Feb 2013
Median Price $1,935,000
$2,670,000
38
15
25
$41,856,520
92
24
14
108
-21
92
-37
3
-40
22.2
44
Properties Sold
12
Sales Volume $21,847,205
Properties Pending Sale
21
Properties For Sale 136
Average Days on Market
147
Month’s Supply of Inventory 5
Percent Under Contract
15.4
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Palms - Mar Vista
Feb 2012
Feb 2013
%Change
Median Price $700,000
$845,790
21
14
-26
Properties Sold
19
Sales Volume $11,538,000
Properties Pending Sale
24
Properties For Sale 109
Average Days on Market
86
Month’s Supply of Inventory 3
Percent Under Contract
22
$11,742,030
2
31
29
65
-40
29
-66
1
-67
47.7
117
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Playa Vista
Feb 2012
Feb 2013
%Change
Median Price $700,000
$845,790
21
14
-26
$0
-100
31
29
65
-40
29
-66
1
-67
47.7
117
Properties Sold
19
Sales Volume $925,000
Properties Pending Sale
24
Properties For Sale 109
Average Days on Market
86
Month’s Supply of Inventory 3
Percent Under Contract
22
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Santa Monica
Feb 2012
Feb 2013
Median Price $1,830,000
$1,362,500
-26
14
27
$24,467,000
-10
20
-9
61
-47
38
-41
2
-50
32.8
71
Properties Sold
11
Sales Volume $27,233,000
Properties Pending Sale
22
Properties For Sale 115
Average Days on Market
64
Month’s Supply of Inventory 4
Percent Under Contract
19.1
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Silverlake - Echo Park
Feb 2012
Feb 2013
%Change
Median Price $480,500
$560,000
17
26
-7
$11,586,250
-7
33
10
81
-38
61
-21
1
-67
40.7
78
Properties Sold
28
Sales Volume $12,411,000
Properties Pending Sale
30
Properties For Sale 131
Average Days on Market
77
Month’s Supply of Inventory 3
Percent Under Contract
22.9
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Sunset Strip - Hollywood Hills West
Feb 2012
Feb 2013
Median Price $1,255,000
$1,432,500
14
24
0
$49,163,000
59
43
19
202
-30
80
-18
3
-50
21.3
71
Properties Sold
24
Sales Volume $30,948,250
Properties Pending Sale
36
Properties For Sale 289
Average Days on Market
98
Month’s Supply of Inventory 6
Percent Under Contract
12.5
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Venice
Feb 2012
Feb 2013
Median Price $1,153,500
$1,250,000
8
9
13
$11,439,700
49
16
14
62
-38
55
-4
2
-67
25.8
84
Properties Sold
8
Sales Volume $7,682,064
Properties Pending Sale
14
Properties For Sale 100
Average Days on Market
57
Month’s Supply of Inventory 6
Percent Under Contract
14
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
West Hollywood
Feb 2012
Feb 2013
Median Price $832,500
$1,362,500
64
8
33
$10,944,000
159
16
78
49
-4
90
43
4
100
32.7
85
Properties Sold
6
Sales Volume $4,229,000
Properties Pending Sale
9
Properties For Sale 51
Average Days on Market
63
Month’s Supply of Inventory 2
Percent Under Contract
17.6
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoMarketReports.com
%Change
West Los Angeles
Feb 2012
Feb 2013
%Change
Median Price $499,000
$530,000
6
3
0
Properties Sold
3
Sales Volume $499,000
Properties Pending Sale
8
Properties For Sale 44
Average Days on Market
49
Month’s Supply of Inventory 4
Percent Under Contract
18.2
$1,840,000
269
14
75
32
-27
35
-29
1
-75
43.8
141
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoMarketReports.com
Westwood - Century City
Feb 2012
Feb 2013
Median Price $1,155,000
$1,449,500
Properties Sold
8
%Change 0
6
-25
$7,371,888
-35
18
11
-39
Properties For Sale 79
33
-58
26
-43
2
-33
33.3
46
Sales Volume $11,298,125
Properties Pending Sale
Average Days on Market
46
Month’s Supply of Inventory 3
Percent Under Contract
22.8
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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RODEO REALTY MARKETING DEPARTMENT