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
Sept 2011
Sept 2012
%Change
Median Price $1,524,122
$1,376,444
-10
Properties Sold
16
Sales Volume $45,721,045
Properties Pending Sale
8
Properties For Sale 173
Average Days on Market
124
Month’s Supply of Inventory 18
Percent Under Contract
4.6
16 $42,101,888
0 -8
10
25
123
-29
107
-14
10
-43
8.1
76
*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
Sept 2011
Sept 2012
%Change
Median Price $885,000
$1,075,000
21
15
-25
$17,170,530
-1
14
-13
58
-42
85
25
2
-41
24.1
51
Properties Sold
20
Sales Volume $17,392,780
Properties Pending Sale
16
Properties For Sale 100
Average Days on Market
68
Month’s Supply of Inventory 4
Percent Under Contract
16
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverly Hills
Sept 2011
Sept 2012
%Change
Median Price $2,472,500
$3,984,531
61
14
40
$73,406,448
111
21
110
122
-16
76
-21
4
-65
17.2
151
Properties Sold
10
Sales Volume $34,867,000
Properties Pending Sale
10
Properties For Sale 146
Average Days on Market
96
Month’s Supply of Inventory 12
Percent Under Contract
6.8
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverly Hills P.O.
Sept 2011
Sept 2012
%Change
Median Price $1,702,500
$1,861,250
9
16
60
$30,004,370
-10
20
82
119
-37
99
1
4
-70
16.8
189
Properties Sold
10
Sales Volume $33,454,000
Properties Pending Sale
11
Properties For Sale 189
Average Days on Market
98
Month’s Supply of Inventory 14
Percent Under Contract
5.8
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverlywood
Sept 2011
Sept 2012
%Change
Median Price $631,000
$752,500
19
16
33
$11,573,500
45
9
-18
47
-52
30
-42
4
-42
19.1
71
Properties Sold
12
Sales Volume $7,980,230
Properties Pending Sale
11
Properties For Sale 98
Average Days on Market
52
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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Brentwood
Sept 2011
Sept 2012
%Change
Median Price $1,615,000
$1,796,242
11
18
13
$38,709,558
31
17
31
116
-30
74
6
5
-48
14.7
87
Properties Sold
16
Sales Volume $29,496,275
Properties Pending Sale
13
Properties For Sale 166
Average Days on Market
70
Month’s Supply of Inventory 10
Percent Under Contract
7.8
*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
Sept 2011
Sept 2012
%Change
Median Price $1,170,000
$1,162,500
-1
2
-83
$2,325,000
-85
4
-50
21
-56
31
-35
3
-14
19
14
Properties Sold
12
Sales Volume $15,143,210
Properties Pending Sale
8
Properties For Sale 48
Average Days on Market
48
Month’s Supply of Inventory 4
Percent Under Contract
16.7
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Culver City
Sept 2011
Sept 2012
%Change
Median Price $567,000
$630,000
11
19
19
$11,885,265
30
16
13
-19
Properties For Sale 78
59
-24
44
-17
3
-6
32
7
Properties Sold
16
Sales Volume $9,130,500
Properties Pending Sale
Average Days on Market
53
Month’s Supply of Inventory 3
Percent Under Contract
20.5
*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
Sept 2011
Sept 2012
%Change
Median Price $992,250
$850,000
-14
23
15
$22,285,370
3
26
37
97
-44
54
-36
3
-64
26.8
144
Properties Sold
20
Sales Volume $21,587,250
Properties Pending Sale
19
Properties For Sale 173
Average Days on Market
84
Month’s Supply of Inventory 7
Percent Under Contract
11
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Hollywood
Sept 2011
Sept 2012
%Change
Median Price $375,000
$850,000
127
3
200
$1,329,000
254
6
50
17
-61
35
59
1
-87
35.3
288
Properties Sold
1
Sales Volume $375,000
Properties Pending Sale
4
Properties For Sale 44
Average Days on Market
22
Month’s Supply of Inventory 9
Percent Under Contract
9.1
*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
Sept 2011
Sept 2012
%Change
Median Price $1,026,750
$1,000,000
-3
11
10
$7,507,000
-26
18
500
84
-18
95
-16
3
-89
21.4
636
Properties Sold
10
Sales Volume $10,118,500
Properties Pending Sale
3
Properties For Sale 103
Average Days on Market
113
Month’s Supply of Inventory 30
Percent Under Contract
2.9
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Los Feliz
Sept 2011
Sept 2012
Median Price $741,250
$852,000
15
20
0
$22,760,330
43
22
83
97
-32
72
243
3
-72
22.7
168
Properties Sold
20
Sales Volume $15,962,405
Properties Pending Sale
12
Properties For Sale 142
Average Days on Market
21
Month’s Supply of Inventory 10
Percent Under Contract
8.5
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Malibu
Sept 2011
Sept 2012
%Change
Median Price $2,950,000
$2,151,228
-27
16
60
$43,495,207
38
19
138
198
-29
114
-48
8
-73
9.6
235
Properties Sold
10
Sales Volume $31,594,000
Properties Pending Sale
8
Properties For Sale 279
Average Days on Market
220
Month’s Supply of Inventory 30
Percent Under Contract
2.9
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoMarketReports.com
Malibu Beach
Sept 2011
Sept 2012
%Change
Median Price $3,175,000
$6,500,000
105
7
75
$72,718,890
476
7
600
96
-14
119
18
11
-90
7.3
709
Properties Sold
4
Sales Volume $12,625,000
Properties Pending Sale
1
Properties For Sale 111
Average Days on Market
101
Month’s Supply of Inventory 104
Percent Under Contract
0.9
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoMarketReports.com
Marina del Rey
Sept 2011
Sept 2012
%Change
Median Price $1,482,000
$1,494,500
1
Properties Sold
5
Sales Volume $6,475,000
Properties Pending Sale
4
Properties For Sale 38
Average Days on Market
87
Month’s Supply of Inventory 7
Percent Under Contract
10.5
3
-40
$3,588,500
-45
6
50
19
-50
79
-9
2
-76
31.6
200
*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
Sept 2011
Sept 2012
%Change
Median Price $225,000
$228,500
2
Properties Sold
29
Sales Volume $4,788,890
Properties Pending Sale
21
Properties For Sale 235
Average Days on Market
66
Month’s Supply of Inventory 10
Percent Under Contract
8.9
26
-10
$4,609,900
-4
39
86
134
-43
58
-12
2
-77
29.1
226
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoMarketReports.com
Mid Wilshire
Sept 2011
Sept 2012
%Change
Median Price $250,000
$415,000
66
7
40
$1,692,900
57
5
400
22
-39
130
113
3
-88
22.7
718
Properties Sold
5
Sales Volume $1,081,000
Properties Pending Sale
1
Properties For Sale 36
Average Days on Market
61
Month’s Supply of Inventory 29
Percent Under Contract
2.8
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoMarketReports.com
Pacific Palisades
Sept 2011
Sept 2012
%Change
Median Price $1,810,000
$2,300,000
27
26
24
$77,180,875
42
19
-17
133
-30
50
-32
6
-7
14.3
18
Properties Sold
21
Sales Volume $54,350,978
Properties Pending Sale
23
Properties For Sale 190
Average Days on Market
74
Month’s Supply of Inventory 6
Percent Under Contract
12.1
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoMarketReports.com
Palms - Mar Vista
Sept 2011
Sept 2012
%Change
Median Price $639,000
$750,000
17
42
40
$31,964,650
52
29
21
80
-46
36
-52
2
-64
36.3
124
Properties Sold
30
Sales Volume $21,020,018
Properties Pending Sale
24
Properties For Sale 148
Average Days on Market
75
Month’s Supply of Inventory 5
Percent Under Contract
16.2
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoMarketReports.com
Playa Vista
Sept 2011
Sept 2012
%Change
Median Price $1,054,500
$890,000
-16
1
-50
$890,000
-26
1
0
-100
Properties For Sale 6
2
-67
0
-100
0
-100
0
-100
Properties Sold
2
Sales Volume $1,199,000
Properties Pending Sale
Average Days on Market
13
Month’s Supply of Inventory 3
Percent Under Contract
16.7
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Santa Monica
Sept 2011
Sept 2012
%Change
Median Price $1,351,000
$1,930,000
43
26
44
$59,717,000
119
18
50
96
-26
41
-54
4
-59
18.8
102
Properties Sold
18
Sales Volume $27,246,783
Properties Pending Sale
12
Properties For Sale 129
Average Days on Market
89
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.
Rodeo Realty RodeoMarketReports.com
Silverlake - Echo Park
Sept 2011
Sept 2012
%Change
Median Price $676,300
$593,450
-12
22
-4
$11,359,900
-11
21
-5
73
-52
63
9
2
-56
28.8
97
Properties Sold
23
Sales Volume $12,727,800
Properties Pending Sale
22
Properties For Sale 151
Average Days on Market
58
Month’s Supply of Inventory 5
Percent Under Contract
14.6
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoMarketReports.com
Sunset Strip - Hollywood Hills West
Sept 2011
Sept 2012
%Change
Median Price $981,250
$1,210,000
14
23
-23
$35,150,990
-1
Properties Sold
30
Sales Volume $35,341,500
Properties Pending Sale
14
Properties For Sale 308
Average Days on Market
79
Month’s Supply of Inventory 19
Percent Under Contract
4.5
38
171
258
-16
96
22
5
-72
14.7
224
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoMarketReports.com
Venice
Sept 2011
Sept 2012
%Change
Median Price $1,150,000
$1,300,000
13
17
55
$21,515,500
58
18
38
74
-35
57
-14
3
-56
24.3
113
Properties Sold
11
Sales Volume $13,640,000
Properties Pending Sale
13
Properties For Sale 114
Average Days on Market
66
Month’s Supply of Inventory 6
Percent Under Contract
11.4
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoMarketReports.com
West Hollywood
Sept 2011
Sept 2012
%Change
Median Price $887,000
$1,090,000
23
10
11
$13,795,000
39
14
100
41
-47
60
-29
2
-82
34.1
280
Properties Sold
9
Sales Volume $9,930,000
Properties Pending Sale
7
Properties For Sale 78
Average Days on Market
85
Month’s Supply of Inventory 9
Percent Under Contract
9
*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
Sept 2011
Sept 2012
%Change
Median Price $727,400
$667,732
-8
4
-43
$2,600,465
-49
9
200
38
3
35
-66
3
-71
23.7
192
Properties Sold
7
Sales Volume $5,082,400
Properties Pending Sale
3
Properties For Sale 37
Average Days on Market
104
Month’s Supply of Inventory 11
Percent Under Contract
8.1
*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
Sept 2011
Sept 2012
%Change
Median Price $1,097,500
$1,255,000
14
12
0
$16,391,500
16
13
19
46
Properties For Sale 77
51
-34
48
-29
2
-64
37.3
121
Properties Sold
12
Sales Volume $14,116,250
Properties Pending Sale
Average Days on Market
68
Month’s Supply of Inventory 4
Percent Under Contract
16.9
*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