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
Nov 2011
Nov 2012
Median Price $1,574,000
$1,745,000
11
13
44
Properties Sold
9
Sales Volume $31,623,900
Properties Pending Sale
17
Properties For Sale 157
Average Days on Market
83
Month’s Supply of Inventory 7
Percent Under Contract
10.8
$54,156,800
%Change
71
17
0
127
-19
109
31
6
-19
13.4
24
*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
Nov 2011
Nov 2012
%Change
Median Price $1,025,000
$900,000
-12
13
30
$12,100,000
25
13
13
0
Properties For Sale 80
54
-33
49
2
3
-40
24.1
48
Properties Sold
10
Sales Volume $9,694,000
Properties Pending Sale
Average Days on Market
48
Month’s Supply of Inventory 5
Percent Under Contract
16.3
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverly Hills
Nov 2011
Nov 2012
Median Price $2,120,000
$5,100,000
141
17
13
$107,286,250
136
17
89
102
-26
70
-35
4
-65
16.7
156
Properties Sold
15
Sales Volume $45,426,000
Properties Pending Sale
9
Properties For Sale 138
Average Days on Market
107
Month’s Supply of Inventory 12
Percent Under Contract
16.3
*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.
Nov 2011
Nov 2012
Median Price $1,350,000
$1,600,000
19
11
0
$27,406,897
23
18
20
106
-41
65
-29
4
-57
17
105
Properties Sold
11
Sales Volume $22,357,303
Properties Pending Sale
15
Properties For Sale 181
Average Days on Market
92
Month’s Supply of Inventory 10
Percent Under Contract
8.3
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Beverlywood
Nov 2011
Nov 2012
%Change
Median Price $612,000
$835,000
36
10
-29
$10,832,000
49
23
188
50
-40
64
-18
1
-89
46
377
Properties Sold
14
Sales Volume $7,258,910
Properties Pending Sale
8
Properties For Sale 83
Average Days on Market
78
Month’s Supply of Inventory 8
Percent Under Contract
9.6
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Brentwood
Nov 2011
Nov 2012
Median Price $1,600,000
$1,606,573
0
28
65
$72,330,202
186
Properties Sold
17
Sales Volume $25,303,930
Properties Pending Sale
14
Properties For Sale 145
Average Days on Market
115
Month’s Supply of Inventory 8
Percent Under Contract
9.7
%Change
13
-7
97
-33
108
-6
5
-34
13.4
39
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Cheviot Hills - Rancho Park
Nov 2011
Nov 2012
Median Price $1,187,500
$1,098,000
-8
2
-67
$2,196,000
-68
Properties Sold
6
Sales Volume $6,845,625
Properties Pending Sale
3
Properties For Sale 26
Average Days on Market
110
Month’s Supply of Inventory 6
Percent Under Contract
11.5
%Change
3
0
11
-58
61
-45
2
-62
27.3
136
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Culver City
Nov 2011
Nov 2012
%Change
Median Price $677,500
$658,500
-3
20
67
$11,561,000
98
10
14
40
Properties For Sale 76
43
-43
53
-10
2
-70
32.6
147
Properties Sold
12
Sales Volume $5,837,000
Properties Pending Sale
Average Days on Market
59
Month’s Supply of Inventory 6
Percent Under Contract
13.2
*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
Nov 2011
Nov 2012
Median Price $900,000
$1,530,000
70
20
33
$32,816,987
102
26
44
84
-43
49
-18
2
-71
31
154
Properties Sold
15
Sales Volume $16,219,650
Properties Pending Sale
18
Properties For Sale 147
Average Days on Market
60
Month’s Supply of Inventory 7
Percent Under Contract
12.2
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Hollywood
Nov 2011
Nov 2012
%Change
Median Price $310,000
$450,000
45
7
133
$2,645,500
163
5
-17
17
-60
199
116
2
-70
29.4
111
Properties Sold
3
Sales Volume $1,006,000
Properties Pending Sale
6
Properties For Sale 43
Average Days on Market
92
Month’s Supply of Inventory 5
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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Hollywood Hills East
Nov 2011
Nov 2012
%Change
Median Price $762,500
$910,000
19
11
38
$8,161,500
27
11
18
64
Properties For Sale 98
59
-40
96
10
2
-74
30.5
172
Properties Sold
8
Sales Volume $6,421,000
Properties Pending Sale
Average Days on Market
87
Month’s Supply of Inventory 7
Percent Under Contract
11.2
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Los Feliz
Nov 2011
Nov 2012
%Change
Median Price $625,000
$905,000
45
21
11
$20,721,760
52
22
38
96
-24
33
-46
3
-53
22.9
80
Properties Sold
19
Sales Volume $13,619,883
Properties Pending Sale
16
Properties For Sale 126
Average Days on Market
61
Month’s Supply of Inventory 6
Percent Under Contract
12.7
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Malibu
Nov 2011
Nov 2012
Median Price $902,699
$1,250,000
38
19
111
$29,489,000
248
12
-25
164
-37
169
-3
12
-15
7.3
18
Properties Sold
9
Sales Volume $8,482,027
Properties Pending Sale
16
Properties For Sale 259
Average Days on Market
175
Month’s Supply of Inventory 14
Percent Under Contract
6.2
*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
Nov 2011
Nov 2012
Median Price $8,000,000
$3,770,822
-53
2
-33
$7,541,645
-61
5
400
78
-28
187
-33
69
-28
6.4
599
Properties Sold
3
Sales Volume $19,240,000
Properties Pending Sale
1
Properties For Sale 109
Average Days on Market
278
Month’s Supply of Inventory 96
Percent Under Contract
0.9
*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
Nov 2011
Nov 2012
Median Price $1,772,500
$2,085,000
18
2
0
$4,170,000
18
4
100
16
-38
111
270
2
-79
25
225
Properties Sold
2
Sales Volume $3,545,000
Properties Pending Sale
2
Properties For Sale 26
Average Days on Market
30
Month’s Supply of Inventory 10
Percent Under Contract
7.7
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Mid Los Angeles
Nov 2011
Nov 2012
%Change
Median Price $290,000
$290,000
0
35
17
$6,914,500
25
37
32
133
-40
57
-27
2
-67
27.8
122
Properties Sold
30
Sales Volume $5,546,329
Properties Pending Sale
28
Properties For Sale 223
Average Days on Market
78
Month’s Supply of Inventory 7
Percent Under Contract
12.6
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Mid Wilshire
Nov 2011
Nov 2012
%Change
Median Price $234,900
$630,000
168
3
200
$400,000
70
4
-20
20
-55
52
126
2
-76
20
76
Properties Sold
1
Sales Volume $234,900
Properties Pending Sale
5
Properties For Sale 44
Average Days on Market
23
Month’s Supply of Inventory 9
Percent Under Contract
11.4
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Pacific Palisades
Nov 2011
Nov 2012
Median Price $1,721,090
$2,155,000
25
21
-13
Properties Sold
24
Sales Volume $55,183,279
Properties Pending Sale
22
Properties For Sale 156
Average Days on Market
73
Month’s Supply of Inventory 5
Percent Under Contract
14.1
%Change
$59,765,500
8
21
-5
105
-33
104
42
3
-34
20
42
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Palms - Mar Vista
Nov 2011
Nov 2012
%Change
Median Price $900,000
$821,000
-9
32
88
$25,317,182
71
27
35
67
-48
41
-65
1
-71
40.3
160
Properties Sold
17
Sales Volume $14,790,000
Properties Pending Sale
20
Properties For Sale 129
Average Days on Market
116
Month’s Supply of Inventory 5
Percent Under Contract
15.5
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Playa Vista
Nov 2011
Nov 2012
Median Price $602,000
$1,100,000
83
1
0
$1,100,000
83
0
0
n/a
Properties For Sale 2
1
-50
0
0
n/a
Month’s Supply of Inventory 0
0
n/a
0
n/a
Properties Sold
1
Sales Volume $602,000
Properties Pending Sale
Average Days on Market
Percent Under Contract
0
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Santa Monica
Nov 2011
Nov 2012
Median Price $1,695,000
$1,406,875
-17
30
88
$56,738,310
72
30
67
83
-30
29
-69
2
-71
36.1
139
Properties Sold
16
Sales Volume $33,078,170
Properties Pending Sale
18
Properties For Sale 119
Average Days on Market
93
Month’s Supply of Inventory 5
Percent Under Contract
15.1
*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
Nov 2011
Nov 2012
%Change
Median Price $582,000
$609,500
5
26
4
$12,454,800
4
27
23
94
-34
52
-32
2
-56
28.7
87
Properties Sold
25
Sales Volume $11,994,500
Properties Pending Sale
22
Properties For Sale 143
Average Days on Market
76
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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Sunset Strip - Hollywood Hills West
Nov 2011
Nov 2012
Median Price $1,050,000
$1,195,000
14
39
129
$54,959,500
221
44
57
235
-22
71
-23
4
-56
18.7
102
Properties Sold
17
Sales Volume $17,121,627
Properties Pending Sale
28
Properties For Sale 302
Average Days on Market
92
Month’s Supply of Inventory 9
Percent Under Contract
9.3
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Venice
Nov 2011
Nov 2012
Median Price $1,002,500
$1,200,000
20
23
92
$31,833,900
111
18
29
63
-38
55
-35
2
-62
28.6
106
Properties Sold
12
Sales Volume $15,117,875
Properties Pending Sale
14
Properties For Sale 101
Average Days on Market
84
Month’s Supply of Inventory 6
Percent Under Contract
13.9
*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
Nov 2011
Nov 2012
Median Price $723,000
$1,360,000
88
9
-25
Properties Sold
12
Sales Volume $11,564,500
Properties Pending Sale
14
Properties For Sale 68
Average Days on Market
52
Month’s Supply of Inventory 3
Percent Under Contract
20.6
$12,546,000
%Change
8
8
-43
38
-44
122
135
3
-6
21.1
2
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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West Los Angeles
Nov 2011
Nov 2012
%Change
Median Price $441,000
$577,000
31
5
150
$3,018,000
1010
Properties Sold
2
Sales Volume $272,000
Properties Pending Sale
9
Properties For Sale 45
Average Days on Market
53
Month’s Supply of Inventory 4
Percent Under Contract
20
9
0
32
-29
24
-55
2
-42
28.1
41
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Westwood - Century City
Nov 2011
Nov 2012
Median Price $1,425,500
$1,390,000
Properties Sold
6
Sales Volume $8,920,000
Properties Pending Sale
%Change -4
21
250
$32,166,172
261
15
14
-7
Properties For Sale 76
39
-49
47
-25
1
-58
35.9
82
Average Days on Market
63
Month’s Supply of Inventory 3
Percent Under Contract
19.7
*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