2nd quarter report 2014

WHAT IS A MARKET WITHIN A MARKET?

Just as the weather is different from Los Feliz to Santa Monica so is the Real Estate climate. While it

may be cloudy & overcast in Marina del Rey, at the same exact time, it may be warm & sunny in

the Mid Wilshire area. The Real Estate market works the same way. Year-to-year there may be a

significant sales increase in Venice while at the same time there is an alarming drop in sales price

from the Palms – Mar Vista area even though they are literally blocks from one another.

With our vast years of experience, we at Keller Williams have come to notice that like the need for

a sweater by the beach and a T-shirt in the Valley, every market within a market has a very different

climate and therefore requires its own set of statistics for you to truly understand what is going on in

your neighborhood. Although you can easily access the broad national, state, and/or country

trends published by the media, they may not have anything to do with what is occurring in your

own backyard. After all, you wouldn’t watch a weather channel report for Seattle to decide if you

need an umbrella that day would you?

WHY THIS BENEFITS YOU – OUR CLIENT

Our extensive experience & knowledge has led us to notice that markets within

markets may be performing in a different way from one another and from national

averages.

With the current stringent lending situation, having knowledge of the specialized

market trends for the neighborhood you are contemplating is vital for true success in

your transaction.

Don’t be mislead by ideas that are not actual facts.

What is in fact occurring in the markets of those areas may be counterintuitive of

notions or ideas you may have perceived from national averages. Knowledge is

power and knowing all the facts will give you the power to make the most educated

choice.

$2,032,540

24.73%

$3,158,300

20.00%

-39.6%

-24.4%

-19.1%

BEL AIR – HOLMBY HILLS SFR

Median Price ……………………..…….

Average Price per Square Foot ….…

Properties Sold ……………………….

Properties Pending Sale ………………

Properties For Sale …………….……...

Days on Market (Pending Sale) ….…..

Percent Under Contract ………….……

$1,150,000

58.97%

$1,272,500

45.83%

-28.6%

-20.3%

-24.1%

-22.3%

BEVERLY CENTER – MIRACLE MILE SFR

$508,000

47.62%

$630,500

40.98%

125.0%

-40.7%

-13.9%

BEVERLY CENTER – MIRACLE MILE CONDO

$4,225,000

27.88%

$4,943,875

$1,240

28.17%

-13.0%

-13.9%

-28.6%

BEVERLY HILLS SFR

$920,000

37.97%

$999,000

39.13%

-13.4%

-20.5%

BEVERLY HILLS CONDO

$2,227,500

21.51%

$2,152,500

20.33%

BEVERLY HILLS P.O. SFR

$807,000

46.51%

$910,000

46.85%

-19.5%

BEVERLYWOOD SFR

$2,400,000

41.15%

$2,785,000

37.57%

-18.2%

-13.9%

BRENTWOOD SFR

$682,500

48.55%

$708,000

40.71%

-20.6%

-14.9%

-18.4%

-16.1%

BRENTWOOD CONDO

$639,900

55.17%

$624,450

58.82%

157.1%

-10.0%

BURBANK SFR

$350,000

26.67%

$390,000

50.00%

100.0%

-36.1%

BURBANK CONDO

$960,000

34.29%

$1,620,000

26.92%

-38.5%

-41.7%

-25.7%

-27.0%

-21.5%

CALABASAS SFR

$1,430,500

54.00%

$1,665,000

55.81%

-11.1%

-14.0%

CHEVIOT HILLS-RANCH PARK SFR

$810,000

57.14%

$875,000

53.33%

-33.3%

-28.6%

-20.2%

CULVER CITY SFR

$375,000

69.41%

$410,000

58.16%

-16.2%

CULVER CITY CONDO

$276,500

15.15%

$235,000

38.10%

-15.0%

220.0%

151.4%

DOWNTOWN SFR

$544,500

38.00%

$565,000

46.36%

DOWNTOWN CONDO

$1,100,000

35.42%

$1,225,000

33.06%

-31.2%

-14.0%

ENCINO SFR

$285,000

45.83%

$305,000

46.43%

ENCINO CONDO

$1,184,500

42.39%

$1,299,000

40.56%

-10.0%

HANCOCK PARK-WILSHIRE SFR

$475,000

45.92%

$1,102,500

51.16%

132.1%

-23.9%

HOLLYWOOD SFR

$560,000

44.12%

$575,000

47.73%

-22.4%

HOLLYWOOD CONDO

$940,000

32.46%

$1,115,000

37.25%

-34.7%

-10.5%

-18.5%

HOLLYWOOD HILLS EAST SFR

$1,036,450

48.72%

$1,370,000

42.31%

-13.2%

-23.8%

-13.2%

LOS FELIZ SFR

$432,500

57.14%

$495,000

58.33%

LOS FELIZ CONDO

$1,980,000

15.62%

$2,475,000

15.61%

-26.5%

MALIBU SFR

$4,025,000

$1,812

$5,165,625

$1,756

10.20%

-38.5%

-10.9%

MALIBU BEACH SFR

$1,767,500

36.36%

$1,727,500

35.29%

-37.7%

MARINA DEL REY SFR

$729,250

37.68%

$782,500

41.94%

MARINA DEL REY CONDO

$470,000

44.44%

$557,750

44.74%

18.47%

-18.6%

MID LOS ANGELES SFR

$466,250

13.33%

$695,000

40.54%

275.0%

204.1%

MID WILSHIRE SFR

$2,085,000

45.06%

$2,569,000

51.40%

-14.0%

-13.1%

PACIFIC PALISADES SFR

$880,000

66.92%

$1,040,000

57.43%

-12.8%

-21.5%

-14.2%

PALMS – MAR VISTA SFR

$2,105,000

46.79%

$1,840,000

49.33%

-12.6%

-16.7%

SANTA MONICA SFR

$733,125

50.54%

$920,000

52.19%

SANTA MONICA CONDO

$929,000

49.26%

$905,000

45.62%

-17.4%

SHERMAN OAKS SFR

$440,000

48.89%

$395,000

31.34%

-10.2%

-35.9%

SHERMAN OAKS CONDO

$739,000

58.77%

$850,000

56.39%

SILVER LAKE – ECHO PARK SFR

$899,000

38.10%

$1,350,000

45.16%

-12.1%

STUDIO CITY SFR

$457,750

55.81%

$565,000

45.65%

-12.5%

-18.2%

STUDIO CITY CONDO

$1,462,500

35.35%

$1,699,000

29.69%

-27.3%

-18.6%

-16.0%

SUNSET STRIP – HOLLYWOOD HILLS WEST SFR

$412,500

50.00%

$439,800

37.10%

-25.8%

SUNSET STRIP – HOLLYWOOD HILLS WEST CONDO

$1,125,000

39.02%

$1,067,500

30.68%

-15.6%

-24.1%

-21.4%

TOPANGA SFR

$1,512,500

45.31%

$1,612,500

51.33%

-11.7%

-43.8%

VENICE SFR

$1,145,000

60.61%

$1,164,250

31.58%

-44.0%

-40.0%

-47.9%

VENICE CONDO

$1,125,000

46.75%

$1,269,813

41.10%

-10.8%

-16.7%

-12.7%

-12.1%

WEST HOLLYWOOD SFR

$502,500

41.88%

$632,500

42.74%

WEST HOLLYWOOD CONDO

$785,000

44.74%

$880,000

50.00%

WEST LOS ANGELES SFR

$752,500

66.10%

$801,750

58.57%

-11.4%

WESTCHESTER SFR

$386,990

55.56%

$408,000

40.00%

-28.6%

-20.0%

-28.0%

WESTCHESTER CONDO

$1,351,250

46.46%

$1,610,000

46.67%

-22.4%

WESTWOOD – CENTURY CITY SFR

$675,000

31.22%

$754,000

30.02%

-16.3%

WESTWOOD – CENTURY CITY CONDO

$650,000

35.56%

$675,000

29.58%

-10.8%

-16.8%

WOODLAND HILLS SFR

$325,000

65.22%

$322,500

55.56%

-53.3%

-33.3%

-21.7%

-14.8%

WOODLAND HILLS CONDO

Glossary of Terms

Median Price: A value that separates the upper

half of prices from the lower half of prices. It can

be interpreted like an average, however the

extreme prices (high and low) don’t hold

undue.

Average Price per Square Foot: The price per

each property divided by their respective

square footage then averaged across all

properties sold in the area for a given time

period.

Properties Sold: The number of property

transactions that closed and transferred

ownership.

Properties Pending Sale: The number of

properties that entered escrow in preparation

for sale.

Properties For Sale: The number of properties on

the market and seeking buyers.

Days on Market (Pending Sale): The number of

days that properties currently in escrow were on

the market.

Absorption Rate: The rate at which the inventory

of home for sale are being sold.

Percent Under Contract: The ratio of properties

to properties sale.

2nd quarter report 2014

sale properties

market pending sale

average price

sales price

square foot

real estate market

specialized market trends

different climate

Documents

2nd quarter 2014 real estate report

flsmidth 2nd quarter report 2012

tpz 2012 2nd quarter report - tortoiseecofin

2nd quarter report - wordpress.com

2004 2nd quarter progress report, vernay

2nd quarter interim financial report...

eatc fs 2nd quarter report english

2nd quarter report 2007 revised

performance report: 2nd quarter 2015/16

opera 2nd quarter report

flsmidth 2nd quarter report 2014

cpa report 2nd quarter 2011

armls 2nd quarter economic report

development activity report 2nd quarter 2020

2nd quarter report - icc.illinois.gov

interim report 2nd quarter – 2021

2nd grade quarter 1 report card details grade quarter 1...

ngp accomplishment report 2015 (2nd quarter)

2nd quarter 2010 progress report

hl 2nd quarter market report