Local Market Report May 2016
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
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
May 2015
Median Price $2,598,500
Properties Sold
14
Sales Volume $68,739,065
Average Sale Price
$4,909,933
Properties For Sale 105
Average Days on Market
83
Months Supply of Inventory 8
Average List Price
$4,632,525
May 2016 $2,085,000
-20%
16
14%
$77,315,000
12%
$4,832,188
-2%
120
14%
122
47%
8
0%
$5,096,801
10%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Beverly Center - Miracle Mile
May 2015
Median Price $1,455,000
Properties Sold
18
Sales Volume $29,544,450
Average Sale Price
$1,641,358
Properties For Sale 51
Average Days on Market
36
Months Supply of Inventory 3
Average List Price
$1,794,083
May 2016 $1,605,000
10%
14
-22%
$24,117,474
-18%
$1,722,677
5%
$60
18%
$47
31%
4
33%
$1,909,930
6%
*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
May 2015
Median Price $7,452,200
Properties Sold
30
Sales Volume $92,147,000
Average Sale Price
$125,673,198
Properties For Sale 186
Average Days on Market
64
Months Supply of Inventory 6
Average List Price
$6,597,205
May 2016 $8,140,808
9%
22
-27%
$52,380,000
-43%
$90,517,000
-28%
221
19%
60
-6%
10
67%
$7,280,491
10%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Beverly Hills P.O.
May 2015
Median Price $2,462,500
Properties Sold
12
May 2016 $2,155,000
%Change -12%
13
8%
$38,137,000
14%
$2,933,615
5%
130
12%
90
60
-33%
Months Supply of Inventory 10
10
0%
$6,966,150
15%
Sales Volume $33,526,198
Average Sale Price
$2,793,850
Properties For Sale 116
Average Days on Market
Average List Price
$6,075,866
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverlywood
May 2015
Median Price $959,000
Properties Sold
23
Sales Volume $23,791,625
Average Sale Price
$1,034,418
Properties For Sale 40
Average Days on Market
43
Months Supply of Inventory 2
Average List Price
$1,206,667
May 2016 $1,330,000
39%
23
0%
$32,780,025
38%
$1,425,218
38%
61
53%
37
-14%
3
50%
$1,303,058
8%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Brentwood
May 2015
Median Price $2,600,000
Properties Sold
29
Sales Volume $86,411,876
Average Sale Price
$2,979,720
Properties For Sale 107
Average Days on Market
64
Months Supply of Inventory 4
Average List Price
$3,896,090
May 2016 $3,726,000
43%
28
-3%
$121,580,250
41%
$4,342,152
46%
111
4%
76
19%
4
0%
$4,298,786
10%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Cheviot Hills - Rancho Park
May 2015
Median Price $2,092,500
Properties Sold
8
Sales Volume $17,095,465
Average Sale Price
$2,136,933
Properties For Sale 21
Average Days on Market
36
Months Supply of Inventory 3
Average List Price
$2,277,818
May 2016 $2,815,000
35%
8
0%
$19,852,500
16%
$2,481,563
16%
20
-5%
37
3%
3
0%
$2,774,800
22%
*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
May 2015
Median Price $1,010,000
Properties Sold
17
Sales Volume $17,435,288
Average Sale Price
$1,025,605
Properties For Sale 46
Average Days on Market
48
Months Supply of Inventory 3
Average List Price
$1,027,647
May 2016 $1,059,000
5%
21
24%
$23,137,000
33%
$1,101,762
7%
43
-7%
27
-44%
2
-33%
$1,311,197
28%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Hancock Park
May 2015
Median Price $1,403,000
Properties Sold
32
Sales Volume $55,302,900
Average Sale Price
$1,728,216
Properties For Sale 105
Average Days on Market
57
Months Supply of Inventory 3
Average List Price
$1,910,858
May 2016 $1,697,000
21%
19
-41%
$38,125,250
-31%
$2,006,592
16%
76
-28%
64
12%
4
33%
$2,184,997
14%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Hollywood
May 2015
May 2016
%Change
Median Price $875,000
$739,000
-16%
10
43%
$10,831,680
60%
$1,083,168
12%
24
-25%
76
81%
2
-60%
$1,644,000
112%
Properties Sold
7
Sales Volume $6,770,500
Average Sale Price
$967,214
Properties For Sale 32
Average Days on Market
42
Months Supply of Inventory 5
Average List Price
$776,090
*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
May 2015
Median Price $1,368,000
Properties Sold
11
Sales Volume $14,234,750
Average Sale Price
$1,294,068
Properties For Sale 62
Average Days on Market
74
Months Supply of Inventory 6
Average List Price
$1,413,256
May 2016 $1,425,000
4%
19
73%
$29,318,500
106%
$1,543,079
19%
41
-34%
48
-35%
2
-67%
$1,626,921
15%
*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
May 2015 Median Price $1,650,000
May 2016
Properties Sold 17 Sales Volume $27,366,614
17
0%
$24,778,428
-9%
$1,457,555
-9%
64
-12%
54
2%
4
0%
$1,976,355
-1%
Average Sale Price
$1,609,801
Properties For Sale 73
Average Days on Market
53
Months Supply of Inventory 4
Average List Price
$1,990,483
$1,435,000
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change -13%
Malibu
May 2015
Median Price $1,875,000
Properties Sold
14
Sales Volume $35,464,616
Average Sale Price
$2,533,187
Properties For Sale 173
Average Days on Market
133
Months Supply of Inventory 12
Average List Price
$3,810,500
May 2016 $3,150,000
68%
21
50%
$77,119,990
117%
$3,672,380
45%
167
-3%
101
-24%
8
-33%
$4,010,267
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
5%
Malibu Beach
May 2015
Median Price $5,000,000
Properties Sold
3
Sales Volume $14,340,000
Average Sale Price
$4,780,000
Properties For Sale 77
Average Days on Market
35
Months Supply of Inventory 26
Average List Price
$11,848,625
May 2016 $10,997,500
120%
4
33%
$44,745,000
212%
$11,186,250
134%
85
10%
191
446%
21
-19%
$10,070,478
-15%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Marina del Rey
May 2015
Median Price $1,062,500
Properties Sold
2
Sales Volume $2,125,000
Average Sale Price
$1,062,500
Properties For Sale 2
Average Days on Market
27
Months Supply of Inventory 7
Average List Price
$1,709,800
May 2016 $1,000,000
-6%
7
250%
$8,722,000
310%
$1,246,000
17%
7
250%
48
78%
3
-57%
$2,027,250
19%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Mid Los Angeles
May 2015
Median Price $1,709,800
Properties Sold
33
Sales Volume $16,367,500
Average Sale Price
$495,985
Properties For Sale 116
Average Days on Market
51
Months Supply of Inventory 4
Average List Price
$579,094
May 2016 $2,027,250
19%
46
39%
$30,042,515
84%
$653,098
32%
92
-21%
77
51%
2
-50%
$669,683
16%
*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
May 2015
May 2016
%Change
Median Price $793,000
$750,000
-5%
Properties Sold
2
Sales Volume $1,586,000
Average Sale Price
$793,000
Properties For Sale 22
Average Days on Market
32
Months Supply of Inventory 11
Average List Price
$815,371
5
150%
$3,640,000
130%
$728,000
-8%
16
-27%
144
350%
3
-73%
$953,555
17%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Pacific Palisades
June 2015
Median Price $2,762,500
Properties Sold
36
Sales Volume $131,146,493
Average Sale Price
$3,642,958
Properties For Sale 127
Average Days on Market
50
Months Supply of Inventory 4
Average List Price
$3,906,288
June 2016
%Change
$1,975,000
-29%
31
-14%
$95,464,135
-27%
$3,079,488
-15%
131
3%
65
30%
4
0%
$5,223,055
34%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Palms
May 2015
Median Price $995,000
Properties Sold
51
Sales Volume $54,696,549
Average Sale Price
$1,072,481
Properties For Sale 89
Average Days on Market
50
Months Supply of Inventory 2
Average List Price
$1,110,022
May 2016 $1,270,000
28%
44
-14%
$55,290,310
1%
$1,256,598
17%
94
6%
44
-12%
2
0%
$1,426,208
28%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Playa Vista
May 2015
May 2016
%Change
Median Price $845,000
$947,500
12%
12
0%
$13,577,000
6%
$1,131,417
6%
Properties Sold
12
Sales Volume $12,818,000
Average Sale Price
$1,068,167
Properties For Sale 22
Average Days on Market
68
Months Supply of Inventory 2
Average List Price
$896,267
19
-14%
53
-22%
2
0%
$1,307,667
46%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Santa Monica
May 2015
Median Price $1,309,050
Properties Sold
76
Sales Volume $139,259,719
Average Sale Price
$1,832,365
Properties For Sale 202
Average Days on Market
55
Months Supply of Inventory 3
Average List Price
$2,068,354
May 2016 $1,410,000
8%
67
-12%
$124,537,200
-11%
$1,858,764
1%
164
-19%
45
-18%
2
-33%
$1,920,504
-7%
*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
May 2015
May 2016
%Change
Median Price $792,285
$895,000
13%
31
-11%
Properties Sold
35
Sales Volume $28,893,884
Average Sale Price
$825,540
Properties For Sale 81
Average Days on Market
52
Months Supply of Inventory 2
Average List Price
$807,846
$29,610,750
2%
$955,185
16%
86
6%
44
-15%
3
50%
$909,865
13%
*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
May 2015
Median Price $1,492,900
Properties Sold
50
Sales Volume $100,909,897
Average Sale Price
$2,018,198
Properties For Sale 294
Average Days on Market
80
Months Supply of Inventory 6
Average List Price
$2,587,527
May 2016 $1,350,000
-10%
41
-18%
$75,826,500
-25%
$1,849,427
-8%
279
-5%
72
-10%
7
17%
$2,838,372
10%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
Venice
May 2015
Median Price $1,907,500
Properties Sold
20
Sales Volume $41,249,060
Average Sale Price
$2,062,453
Properties For Sale 76
Average Days on Market
74
Months Supply of Inventory 4
Average List Price
$1,931,024
May 2016 $1,795,000
-6%
23
15%
$44,876,210
9%
$1,951,140
-5%
77
1%
60
-19%
3
-25%
$2,074,147
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
%Change
7%
West Hollywood
May 2015
May 2016
%Change
Median Price $678,750
$720,000
6%
Properties Sold
48
Sales Volume $41,353,819
Average Sale Price
$861,538
Properties For Sale 143
Average Days on Market
56
Months Supply of Inventory 3
Average List Price
$1,113,606
39 $41,304,605
0%
$1,059,092
23%
123
-14%
64
14%
3
0%
$1,156,083
4%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
-19%
West Los Angeles
May 2015
May 2016
%Change
Median Price $652,500
$765,000
17%
2
0%
$1,530,000
17%
$765,000
17%
3
-25%
62
-2%
2
0%
Properties Sold
2
Sales Volume $1,305,000
Average Sale Price
$652,500
Properties For Sale 4
Average Days on Market
63
Months Supply of Inventory 2
Average List Price
$1,295,300
$953,333
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
-26%
Westwood - Century City
May 2015
May 2016
%Change
Median Price $898,000
$962,500
7%
66
14%
$93,360,561
20%
$1,414,554
5%
Properties Sold
58
Sales Volume $77,892,623
Average Sale Price
$1,342,976
Properties For Sale 267
Average Days on Market
80
Months Supply of Inventory 5
Average List Price
$1,538,378
233
-13%
58
-28%
4
-20%
$1,197,533
-22%
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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