3rd quarter 2012, market within a market report
Post on 22-Mar-2016
216 Views
Preview:
DESCRIPTION
TRANSCRIPT
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.
$1,525,000
$964
43
30
233
85
NA
12.88%
$1,500,000
$641
33
35
184
74
NA
19.02%
-1.6%
-33.5%
-23.3%
16.7%
-21.0%
-13.1%
NA%
47.1%
BEL AIR – HOMBLY HILLS SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$910,000
$449
50
48
153
50
NA
31.37%
$920,000
$497
54
61
118
57
NA
51.69%
1.1%
10.7%
8.0%
27.1%
-22.9%
15.2%
NA%
64.8%
BEVERLY CENTER – MIRACLE MILE SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$402,500
$346
18
15
49
77
NA
30.61%
$550,000
$424
21
20
51
40
NA
39.22%
36.6%
22.5%
16.7%
33.3%
4.1%
-47.5%
NA%
28.1%
BEVERLY CENTER – MIRACLE MILE CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$3,762,500
$937
34
33
211
76
NA
15.64%
$3,425,000
$898
36
51
191
90
NA
26.70%
-9.0%
-4.2%
5.9%
54.5%
-9.5%
17.8%
NA%
70.7%
BEVERLY HILLS SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$880,000
$593
15
14
143
118
NA
9.79%
$946,680
$764
31
38
103
95
NA
36.89%
7.6%
28.8%
106.7%
171.4%
-28.0%
-19.6%
NA%
276.8%
BEVERLY HILLS CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$2,475,000
$677
36
30
245
86
NA
12.24%
$1,925,000
$594
37
45
180
100
NA
25.00%
-22.2%
-12.3%
2.8%
50.0%
-26.5%
16.3%
NA%
104.2%
BEVERLY HILLS P.O. SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$780,675
$456
44
34
146
44
NA
23.29%
$785,000
$459
53
41
90
40
NA
45.56%
0.6%
0.7%
20.5%
20.6%
-38.4%
-8.9%
NA%
95.6%
BEVERLYWOOD SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$1,740,000
$684
42
47
242
53
NA
19.42%
$1,875,000
$899
64
65
199
70
NA
32.66%
7.8%
31.4%
52.4%
38.3%
-17.8%
32.0%
NA%
68.2%
BRENTWOOD SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$637,500
$434
38
39
156
63
NA
25.00%
$641,000
$439
44
44
108
66
NA
40.74%
0.6%
1.2%
15.8%
12.8%
-30.8%
4.9%
NA%
63.0%
BRENTWOOD CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$1,135,000
$326
6
7
38
169
NA
18.42%
$790,000
$346
7
4
27
67
NA
14.81%
-30.4%
6.1%
16.7%
-42.9%
-28.9%
-60.1%
NA%
-19.6%
CALABASAS SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$412,500
$234
2
1
2
61
NA
50.0%
$305,000
$254
3
3
5
31
NA
60.0%
-26.1%
8.5%
50.0%
200.0%
150.0%
-49.7%
NA%
20.0%
CALABASAS CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$1,110,000
$491
24
28
81
47
NA
34.57%
$1,335,000
$489
15
14
39
56
NA
35.90%
20.3%
-0.4%
-37.5%
-50.0%
-51.9%
17.5%
NA%
3.8%
CHEVIOT HILLS-RANCH PARK SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$692,578
$424
30
28
112
54
NA
25.00%
$726,000
$456
54
55
109
41
NA
50.46%
4.8%
7.5%
80.0%
96.4%
-2.7%
-24.1%
NA%
101.8%
CULVER CITY SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$300,000
$285
29
35
128
73
NA
27.34%
$285,000
$287
33
41
66
48
NA
62.12%
-5.0%
0.7%
13.8%
17.1%
-48.4%
-34.8%
NA%
127.2%
CULVER CITY CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$144,000
$130
17
18
64
37
NA
28.12%
$130,000
$129
17
14
39
53
NA
35.90%
-9.7%
-0.8%
0.0%
-22.2%
-39.1%
42.6%
NA%
27.6%
DOWNTOWN SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$285,000
$368
77
72
269
50
NA
26.77%
$403,500
$423
98
82
188
52
NA
43.62%
41.6%
14.9%
27.3%
13.9%
-30.1%
3.9%
NA%
63.0%
DOWNTOWN CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$970,000
$347
14
20
110
77
NA
18.18%
$770,000
$328
15
17
77
73
NA
22.08%
-20.6%
-5.5%
7.1%
-15.0%
-30.0%
-4.6%
NA%
21.4%
ENCINO SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$203,000
$178
5
5
26
33
NA
19.23%
$190,000
$198
5
9
19
25
NA
47.37%
-6.4%
11.2%
0.0%
80.0%
-26.9%
-25.4%
NA%
146.3%
ENCINO CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$1,075,000
$448
58
60
242
69
NA
24.79%
$925,500
$462
64
64
158
64
NA
40.51%
-13.9%
3.1%
10.3%
6.7%
-34.7%
-7.5%
NA%
63.4%
HANCOCK PARK-WILSHIRE SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$610,500
$436
6
8
46
36
NA
17.39%
$651,500
$432
10
15
27
44
NA
55.56%
6.7%
-0.9%
66.7%
87.5%
-41.3%
22.8%
NA%
219.4%
HOLLYWOOD SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$319,000
$316
12
16
102
94
NA
15.69%
$529,000
$386
29
35
89
130
NA
39.33%
65.6%
22.2%
141.7%
118.8%
-12.7%
37.9%
NA%
150.7%
HOLLYWOOD CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$940,250
$443
28
26
134
75
NA
19.40%
$925,000
$428
36
45
123
65
NA
36.59%
-1.6%
-3.4%
28.6%
73.1%
-8.2%
-12.4%
NA%
88.6%
HOLLYWOOD HILLS EAST SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$950,000
$492
59
51
179
58
NA
28.49%
$1,050,000
$530
51
56
145
53
NA
38.62%
10.5%
7.7%
-13.6%
9.8%
-19.0%
-9.2%
NA%
35.6%
LOS FELIZ SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$318,000
$298
9
8
26
101
NA
30.77%
$480,000
$349
7
6
13
96
NA
46.15%
50.9%
17.1%
-22.2%
-25.0%
-50.0%
-4.7%
NA%
50.0%
LOS FELIZ CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$1,645,000
$600
32
29
370
145
NA
7.84%
$1,927,000
$605
37
53
267
132
NA
19.85%
17.2%
0.8%
15.6%
82.8%
-27.8%
-8.6%
NA%
153.3%
MALIBU SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$3,245,000
$1,511
8
7
145
104
NA
4.83%
$5,300,000
$2,104
15
17
124
128
NA
13.71%
63.3%
39.2%
87.5%
142.9%
-14.5%
23.2%
NA%
184.0%
MALIBU BEACH SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$575,000
$494
9
10
58
105
NA
17.24%
$1,370,000
$483
16
12
32
84
NA
37.50%
138.3%
-2.2%
77.8%
20.0%
-44.8%
-20.0%
NA%
117.50%
MARINA DEL REY SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$599,000
$464
56
62
312
73
NA
19.87%
$610,000
$419
77
68
199
76
NA
34.17%
1.8%
-9.7%
37.5%
9.7%
-36.2%
4.8%
NA%
72.0%
MARINA DEL REY CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$310,000
$195
57
45
167
63
NA
26.95%
$315,000
$211
50
61
107
47
NA
57.01%
1.6%
8.2%
-12.3%
35.6%
-35.9%
-24.8%
NA%
111.6%
MID LOS ANGELES SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$422,500
$206
14
11
41
23
NA
26.83%
$415,000
$211
11
13
26
43
NA
50.00%
-1.8%
2.4%
-21.4%
18.2%
-36.6%
83.1%
NA%
86.4%
MID WILSHIRE SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$1,637,500
$648
70
68
293
59
NA
23.21%
$2,125,000
$759
83
68
231
59
NA
29.44%
29.8%
17.1%
18.6%
0.0%
-21.2%
0.5%
NA%
26.8%
PACIFIC PALISADES SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$725,000
$487
85
79
221
50
NA
35.75%
$765,000
$501
85
80
142
51
NA
56.34%
5.5%
2.9%
0.0%
1.3%
-35.7%
3.4%
NA%
57.6%
PALMS – MAR VISTA SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$1,572,500
$727
72
54
216
59
NA
25.0%
$1,725,000
$763
67
70
173
59
NA
40.46%
9.7%
5.0%
-6.9%
29.6%
-19.9%
0.0%
NA%
61.8%
SANTA MONICA SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$671,500
$558
82
78
328
75
NA
23.78%
$712,500
$583
122
106
232
52
NA
45.69%
6.1%
4.5%
48.8%
35.9%
-29.3%
-30.7%
NA%
92.1%
SANTA MONICA CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$765,000
$354
53
43
139
64
NA
30.94%
$775,000
$375
52
51
128
41
NA
39.84%
1.3%
5.9%
-1.9%
18.6%
-7.9%
-36.4%
NA%
28.8%
SHERMAN OAKS SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$310,000
$235
11
10
52
83
NA
19.23%
$320,000
$248
11
17
29
50
NA
58.62%
3.2%
5.5%
0.0%
70.0%
-44.2%
-39.4%
NA%
204.8%
SHERMAN OAKS CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$705,000
$402
55
54
168
45
NA
32.14%
$649,500
$449
54
56
105
50
NA
53.33%
-7.9%
11.7%
-1.8%
3.7%
-37.5%
10.9%
NA%
65.90%
SILVER LAKE – ECHO PARK SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$925,000
$448
25
17
109
58
NA
15.60%
$832,500
$418
31
31
81
51
NA
38.27%
-10.0%
-6.7%
24.0%
82.4%
-25.7%
-11.7%
NA%
145.4%
STUDIO CITY SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$433,000
$290
8
9
52
35
NA
17.31%
$345,000
$256
11
11
28
73
NA
39.29%
-20.3%
-11.7%
37.5%
22.2%
-46.2%
108.7%
NA%
127.0%
STUDIO CITY CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$1,135,000
$575
74
67
437
76
NA
15.33%
$1,298,250
$603
96
108
407
73
NA
26.54%
14.4%
4.9%
29.7%
61.2%
-6.9%
-3.9%
NA%
73.1%
SUNSET STRIP – HOLLYWOOD HILLS WEST SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$335,000
$615
19
15
62
142
NA
24.19%
$477,500
$725
18
25
54
46
NA
46.30%
42.5%
17.9%
-5.3%
66.7%
-12.9%
-67.7%
NA%
91.4%
SUNSET STRIP – HOLLYWOOD HILLS WEST CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$830,000
$430
23
14
104
91
NA
13.46%
$765,500
$401
16
22
79
103
NA
27.85%
-7.8%
-6.7%
-30.4%
57.1%
-24.0%
12.7%
NA%
106.9%
TOPANGA SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$972,500
$691
48
44
183
60
NA
24.04%
$1,100,000
$662
59
59
132
59
NA
44.70%
13.1%
-4.2%
22.9%
34.1%
-27.9%
-2.2%
NA%
85.9%
VENICE SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$999,000
$544
7
7
50
43
NA
14.0%
$884,900
$554
4
10
27
75
NA
37.04%
-11.4%
1.8%
-42.9%
42.9%
-46.0%
72.8%
NA%
164.6%
VENICE CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$880,000
$554
23
27
122
49
NA
22.13%
$956,500
$585
30
31
68
55
NA
45.59%
8.7%
5.6%
30.4%
14.8%
-44.3%
12.5%
NA%
106.0%
WEST HOLLYWOOD SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$471,500
$399
80
81
365
77
NA
22.19%
$469,000
$425
84
70
192
47
NA
36.46%
-0.5%
6.5%
5.0%
-13.6%
-47.4%
-38.3%
NA%
64.3%
WEST HOLLYWOOD CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$645,000
$456
28
18
53
62
NA
33.96%
$629,500
$479
16
12
36
46
NA
33.33%
-2.4%
5.0%
-42.9%
-33.3%
-32.1%
-25.0%
NA%
-1.9%
WEST LOS ANGELES SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$644,500
$413
48
47
131
52
NA
35.88%
$667,000
$427
56
66
113
45
NA
58.41%
3.5%
3.4%
16.7%
40.4%
-13.7%
-14.0%
NA%
62.8%
WESTCHESTER SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$599,000
$307
18
7
36
50
NA
19.44%
$258,750
$285
12
9
22
101
NA
40.91%
-56.8%
-7.2%
-33.3%
28.6%
-38.9%
101.0%
NA%
110.4%
WESTCHESTER CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$1,170,000
$512
41
32
131
55
NA
24.43%
$1,277,630
$656
46
50
111
54
NA
45.05%
9.2%
28.1%
12.2%
56.2%
-15.3%
-2.5%
NA%
84.4%
WESTWOOD – CENTURY CITY SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
$599,688
$515
100
108
572
78
NA
18.88%
$610,000
$476
127
129
388
81
NA
33.25%
1.7%
-7.6%
27.0%
19.4%
-32.2%
4.0%
NA%
76.1%
WESTWOOD – CENTURY CITY CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Month’s supply of Inventory……….…
Percent Under Contract ………….……
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.
Disclaimer
The Market Within A Market Report is brought to you by Regional Marketing Director, Michael Lewis.
Information obtained from Broker Metrics and DataQuick. Broker Metrics and DataQuick statistics are subject to change due to individual real estate company reporting disciplines. The information provided herein is from sources we believe to be reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it. For More Information, Contact:
Michael Lewis Regional Marketing Director Keller Williams Realty 11812 San Vicente Blvd. Suite 100
Los Angeles, CA 90049 m.lewis@kw.com
top related