Rodeo Realty Local Market Report--Westside Los Angeles--February 2014
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Los Angeles - Westside February 2014 RodeoRE.com Local Market Report 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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Rodeo Realty Local Market Report For the Westside Of Los Angeles including median prices and year-over-year data.
Transcript of Rodeo Realty Local Market Report--Westside Los Angeles--February 2014
Los Angeles - WestsideFebruary 2014
RodeoRE.com
Local Market Report
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.
Bel Air - Holmby Hills
Beverly Center - Miracle Mile
Beverly Hills
Beverly Hills P.O.
Beverlywood
Brentwood
Cheviot Hills - Rancho Park
Culver City
Hancock Park - Wilshire
Hollywood
Hollywood Hills East
Los Feliz
Malibu
Malibu Beach
Table of Contents
Rodeo RealtyR o d e o R E . c om
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3
4
5
6
7
8
9
10
11
12
13
14
15
Marina del Rey
Mid Los Angeles
Mid Wilshire
Pacific Palisades
Palms - Mar Vista
Playa Vista
Santa Monica
Silverlake - Echo Park
Sunset Strip - Hollywood Hills West
Venice
West Hollywood
West Los Angeles
Westwood - Century City
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17
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20
21
22
23
24
25
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27
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Bel Air-Holmby Hills
Feb. 2013 Feb. 2014 %Change
Median Price $2,000,000 $1,645,000 -18
Properties Sold 9 8 -11
Sales Volume $38,645,000 $40,631,500 5
Properties Pending Sale 14 19 36
Properties For Sale 118 100 -15
Average Days on Market 52 157 202
Month’s Supply of Inventory 7 3 -57
Percent Under Contract 11.9 19.0 60
Rodeo RealtyR o d e o R E . c om
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Beverly Center - Miracle Mile
Feb. 2013 Feb. 2014 %Change
Median Price $857,500 $1,401,250 63
Properties Sold 10 12 20
Sales Volume $6,843,000 $21,608,500 216
Properties Pending Sale 12 15 25
Properties For Sale 67 64 -4
Average Days on Market 32 29 -9
Month’s Supply of Inventory 4 3 -25
Percent Under Contract 17.9 23.4 31
Rodeo RealtyR o d e o R E . c om
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Beverly Hills
Rodeo RealtyR o d e o R E . c om
Feb. 2013 Feb. 2014 %Change
Median Price $2,713,500 $5,600,000 106
Properties Sold 6 10 67
Sales Volume $19,872,000 $83,327,000 319
Properties Pending Sale 12 17 42
Properties For Sale 109 87 -20
Average Days on Market 112 62 -45
Month’s Supply of Inventory 8 4 -50
Percent Under Contract 11.0 19.5 77
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Beverly Hills P.O.
Rodeo RealtyR o d e o R E . c om
Feb. 2013 Feb. 2014 %Change
Median Price $1,802,500 $2,162,500 20
Properties Sold 14 10 -29
Sales Volume $23,705,000 $23,353,000 -1
Properties Pending Sale 14 12 -14
Properties For Sale 120 107 -11
Average Days on Market 74 94 27
Month’s Supply of Inventory 7 7 0
Percent Under Contract 11.7 11.2 -4
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Beverlywood
Rodeo RealtyR o d e o R E . c om
Feb. 2013 Feb. 2014 %Change
Median Price $769,000 $782,500 2
Properties Sold 9 10 11
Sales Volume $7,832,000 $7,808,000 0
Properties Pending Sale 13 22 69
Properties For Sale 50 66 32
Average Days on Market 29 37 28
Month’s Supply of Inventory 3 2 -33
Percent Under Contract 26.0 33.3 28
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Brentwood
Rodeo RealtyR o d e o R E . c om
Feb. 2013 Feb. 2014 %Change
Median Price $2,225,000 $4,050,000 82
Properties Sold 19 13 -32
Sales Volume $57,582,750 $53,363,095 -7
Properties Pending Sale 16 9 -44
Properties For Sale 92 84 -9
Average Days on Market 67 14 -79
Month’s Supply of Inventory 4 7 75
Percent Under Contract 17.4 10.7 -38
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Cheviot Hills - Rancho Park
Rodeo RealtyR o d e o R E . c om
Feb. 2013 Feb. 2014 %Change
Median Price $1,145,000 $2,150,000 88
Properties Sold 2 5 150
Sales Volume $2,290,000 $5,300,000 131
Properties Pending Sale 8 4 -50
Properties For Sale 23 11 -52
Average Days on Market 15 9 -40
Month’s Supply of Inventory 2 2 0
Percent Under Contract 34.8 36.4 5
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Culver City
Rodeo RealtyR o d e o R E . c om
Feb. 2013 Feb. 2014 %Change
Median Price $740,000 $790,000 7
Properties Sold 16 13 -19
Sales Volume $10,746,000 $10,421,000 -3
Properties Pending Sale 13 12 -8
Properties For Sale 45 40 -11
Average Days on Market 30 55 83
Month’s Supply of Inventory 2 2 0
Percent Under Contract 28.9 30.0 4
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Hancock Park - Wilshire
Rodeo RealtyR o d e o R E . c om
Feb. 2013 Feb. 2014 %Change
Median Price $930,000 $1,724,950 85
Properties Sold 13 20 54
Sales Volume $9,962,500 $45,820,400 360
Properties Pending Sale 12 23 92
Properties For Sale 94 98 4
Average Days on Market 40 54 35
Month’s Supply of Inventory 6 3 -50
Percent Under Contract 12.8 23.5 84
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Hollywood
Rodeo RealtyR o d e o R E . c om
Feb. 2013 Feb. 2014 %Change
Median Price $1,080,000 $1,450,000 34
Properties Sold 4 2 -50
Sales Volume $3,885,000 $2,200,000 -43
Properties Pending Sale 4 7 75
Properties For Sale 24 25 4
Average Days on Market 44 72 64
Month’s Supply of Inventory 5 2 -60
Percent Under Contract 16.7 28.0 68
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Hollywood Hills East
Rodeo RealtyR o d e o R E . c om
Feb. 2013 Feb. 2014 %Change
Median Price $955,000 $1,597,000 67
Properties Sold 16 7 -56
Sales Volume $15,811,500 $11,719,000 -26
Properties Pending Sale 13 7 -46
Properties For Sale 63 52 -17
Average Days on Market 68 72 6
Month’s Supply of Inventory 3 6 100
Percent Under Contract 20.6 13.5 -35
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Los Feliz
Rodeo RealtyR o d e o R E . c om
Feb. 2013 Feb. 2014 %Change
Median Price $700,000 $902,500 29
Properties Sold 13 16 23
Sales Volume $12,084,000 $19,900,000 65
Properties Pending Sale 24 24 0
Properties For Sale 104 89 -14
Average Days on Market 27 56 107
Month’s Supply of Inventory 3 2 -33
Percent Under Contract 23.1 27.0 17
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Malibu
Rodeo RealtyR o d e o R E . c om
Feb. 2013 Feb. 2014 %Change
Median Price $1,900,000 $2,000,000 5
Properties Sold 10 15 50
Sales Volume $22,582,888 $40,408,918 79
Properties Pending Sale 15 14 -7
Properties For Sale 175 169 -3
Average Days on Market 85 208 145
Month’s Supply of Inventory 10 10 0
Percent Under Contract 8.6 8.3 -3
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Malibu Beach
Rodeo RealtyR o d e o R E . c om
Feb. 2013 Feb. 2014 %Change
Median Price $12,000,000 $6,662,500 -44
Properties Sold 2 4 100
Sales Volume $24,000,000 $35,575,000 48
Properties Pending Sale 4 3 -25
Properties For Sale 87 61 -30
Average Days on Market 265 78 -71
Month’s Supply of Inventory 19 17 -11
Percent Under Contract 4.6 4.9 7
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Marina del Rey
Rodeo RealtyR o d e o R E . c om
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Feb. 2013 Feb. 2014 %Change
Median Price $1,600,000 $1,715,000 7
Properties Sold 5 5 0
Sales Volume $5,894,000 $8,872,000 51
Properties Pending Sale 8 8 0
Properties For Sale 22 24 9
Average Days on Market 60 23 -62
Month’s Supply of Inventory 2 2 0
Percent Under Contract 36.4 33.3 -8
Mid Los Angeles
Rodeo RealtyR o d e o R E . c om
Feb. 2013 Feb. 2014 %Change
Median Price $293,000 $468,000 60
Properties Sold 25 25 0
Sales Volume $6,183,750 $8,317,104 34
Properties Pending Sale 25 35 40
Properties For Sale 135 121 -10
Average Days on Market 32 47 47
Month’s Supply of Inventory 4 2 -50
Percent Under Contract 18.5 28.9 56
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Mid Wilshire
Rodeo RealtyR o d e o R E . c om
Feb. 2013 Feb. 2014 %Change
Median Price $470,000 $476,000 1
Properties Sold 9 1 -89
Sales Volume $470,000 0 -100
Properties Pending Sale 7 3 -57
Properties For Sale 37 23 -38
Average Days on Market 41 26 -37
Month’s Supply of Inventory 4 7 75
Percent Under Contract 18.9 13.0 -31
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Pacific Palisades
Rodeo RealtyR o d e o R E . c om
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Feb. 2013 Feb. 2014 %Change
Median Price $2,485,000 $2,768,950 11
Properties Sold 16 18 13
Sales Volume $43,451,250 $58,402,836 34
Properties Pending Sale 23 27 17
Properties For Sale 112 107 -4
Average Days on Market 95 52 -45
Month’s Supply of Inventory 4 3 -25
Percent Under Contract 20.5 25.2 23
Palms - Mar Vista
Rodeo RealtyR o d e o R E . c om
Feb. 2013 Feb. 2014 %Change
Median Price $845,790 $1,100,000 30
Properties Sold 14 17 21
Sales Volume $11,742,030 $16,504,000 41
Properties Pending Sale 29 26 -10
Properties For Sale 72 68 -6
Average Days on Market 30 42 40
Month’s Supply of Inventory 1 1 0
Percent Under Contract 40.3 38.2 -5
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Playa Vista
Rodeo RealtyR o d e o R E . c om
Feb. 2013 Feb. 2014 %Change
Median Price n/a $1,134,995 n/a
Properties Sold 0 1 100
Sales Volume 0 $1,134,995 n/a
Properties Pending Sale 0 1 100
Properties For Sale 4 7 75
Average Days on Market n/a 399 n/a
Month’s Supply of Inventory n/a 3 n/a
Percent Under Contract n/a 14.3 n/a
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Santa Monica
Rodeo RealtyR o d e o R E . c om
Feb. 2013 Feb. 2014 %Change
Median Price $1,375,000 $1,896,000 38
Properties Sold 15 13 -13
Sales Volume $26,022,000 $29,968,000 15
Properties Pending Sale 14 18 29
Properties For Sale 70 66 -6
Average Days on Market 35 53 51
Month’s Supply of Inventory 4 2 -50
Percent Under Contract 20.0 27.3 36
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Silverlake - Echo Park
Rodeo RealtyR o d e o R E . c om
Feb. 2013 Feb. 2014 %Change
Median Price $490,000 $725,000 48
Properties Sold 27 25 -7
Sales Volume $12,359,250 $12,936,000 5
Properties Pending Sale 31 22 -29
Properties For Sale 87 74 -15
Average Days on Market 67 45 -33
Month’s Supply of Inventory 2 2 0
Percent Under Contract 35.6 29.7 -17
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Sunset Strip - Hollywood Hills West
Rodeo RealtyR o d e o R E . c om
Feb. 2013 Feb. 2014 %Change
Median Price $1,387,500 $1,542,990 11
Properties Sold 26 34 31
Sales Volume $49,738,000 $78,796,692 58
Properties Pending Sale 40 37 -8
Properties For Sale 238 227 -5
Average Days on Market 79 81 3
Month’s Supply of Inventory 5 4 -20
Percent Under Contract 16.8 16.3 -3
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Venice
Rodeo RealtyR o d e o R E . c om
Feb. 2013 Feb. 2014 %Change
Median Price $1,085,000 $1,425,000 31
Properties Sold 10 9 -10
Sales Volume $12,294,700 $15,410,000 25
Properties Pending Sale 13 15 15
Properties For Sale 73 59 -19
Average Days on Market 65 29 -69
Month’s Supply of Inventory 4 3 -25
Percent Under Contract 17.8 25.4 43
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
West Hollywood
Rodeo RealtyR o d e o R E . c om
Feb. 2013 Feb. 2014 %Change
Median Price $1,362,000 $1,055,000 -23
Properties Sold 8 6 -25
Sales Volume 10,944,000 $6,455,517 -41
Properties Pending Sale 13 12 -8
Properties For Sale 54 41 -24
Average Days on Market 106 52 -51
Month’s Supply of Inventory 3 2 -33
Percent Under Contract 24.1 29.3 22
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
West Los Angeles
Rodeo RealtyR o d e o R E . c om
Feb. 2013 Feb. 2014 %Change
Median Price $530,000 $788,000 49
Properties Sold 3 5 67
Sales Volume $1,840,000 $3,592,000 95
Properties Pending Sale 14 4 -71
Properties For Sale 34 17 -50
Average Days on Market 35 12 -66
Month’s Supply of Inventory 1 3 200
Percent Under Contract 41.2 23.5 -43
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Westwood - Century City
Rodeo RealtyR o d e o R E . c om
Feb. 2013 Feb. 2014 %Change
Median Price $1,149,500 $1,766,000 54
Properties Sold 6 7 17
Sales Volume $7,371,888 $10,026,000 36
Properties Pending Sale 10 12 20
Properties For Sale 37 34 -8
Average Days on Market 27 28 4
Month’s Supply of Inventory 3 2 -33
Percent Under Contract 27.0 35.3 31
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
RODEO REALTY MARKETING DEPARTMENT
