andrea miller realty - 2nd quarter market statistics 2013_los angeles
DESCRIPTION
Enjoy market area statistics for Los Angeles, California. Data represents the change between 2nd Quarter of 2012 compared to 2nd Quarter of 2013.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.
$2,127,500
$866
42
33
192
89
17.19%
$2,125,000
$960
49
47
177
82
26.55%
-0.1%
10.9%
16.7%
42.4%
-7.8%
-7.3%
54.5%
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) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$910,000
$471
50
48
133
48
36.09%
$1,150,000
$581
69
72
114
47
63.16%
26.4%
23.4%
38.0%
50.0%
-14.3%
-1.0%
75.0%
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) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$480,000
$375
17
21
51
48
41.18%
$508,000
$461
12
20
40
57
50.0%
5.8%
22.9%
-29.4%
-4.8%
-21.6%
17.9%
21.4%
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) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$4,675,000
$947
41
37
212
104
17.45%
$4,200,000
$1,062
45
50
159
69
31.45%
-10.2%
12.1%
9.8%
35.1%
-25.0%
-33.8%
80.2%
BEVERLY 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 ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$1,050,000
$817
30
32
117
97
27.35%
$936,000
$725
35
31
73
80
42.47%
-10.9%
-11.3%
16.7%
-3.1%
-37.6%
-17.5%
55.3%
BEVERLY HILLS CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$2,025,000
$621
52
42
206
86
20.39%
$2,257,500
$679
40
40
162
69
24.69%
11.5%
9.3%
-23.1%
-4.8%
-21.4%
-20.0%
21.1%
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) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$799,000
$460
39
54
113
59
47.79%
$807,000
$491
44
40
81
53
49.38%
1.0%
6.7%
12.8%
-25.9%
-28.3%
-11.3%
3.3%
BEVERLYWOOD SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$1,690,000
$722
68
70
226
70
30.97%
$2,400,000
$852
75
80
190
50
42.11%
42.0%
18.0%
10.3%
14.3%
-15.9%
-29.3%
35.9%
BRENTWOOD SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$624,000
$406
43
43
126
52
34.13%
$680,000
$506
67
74
136
49
54.41%
9.0%
24.6%
55.8%
72.1%
7.9%
-6.0%
59.4%
BRENTWOOD CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$468,000
$344
14
20
36
50
55.56%
$675,000
$385
9
11
26
33
42.31%
44.2%
11.9%
-35.7%
-45.0%
-27.8%
-33.1%
-23.8%
BURBANK SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$155,000
$172
1
3
12
20
25.00%
$350,000
$326
5
6
15
33
40.00%
125.8%
89.5%
400.00%
100.00%
25.0%
66.9%
60.0%
BURBANK CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$1,250,000
$336
7
8
32
97
25.00%
$960,000
$318
13
13
34
92
38.24%
-23.2%
12.5%
85.7%
62.5%
6.2%
-5.1%
52.9%
CALABASAS SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$305,000
$254
3
3
5
31
60.00%
$590,000
$371
3
2
2
38
100.00%
93.4%
46.1%
0.0%
-33.3%
-60.0%
23.9%
66.7%
CALABASAS CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$1,287,500
$528
22
19
48
50
39.58%
$1,430,500
$616
28
27
49
29
55.10%
11.1%
16.7%
27.3%
42.1%
2.1%
-42.9%
39.2%
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) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$645,000
$453
38
45
101
39
44.55%
$800,000
$511
43
64
106
29
60.38%
24.0%
12.8%
13.2%
42.2%
5.0%
-25.7%
35.5%
CULVER CITY SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$276,500
$278
44
41
74
55
55.41%
$375,000
$349
51
63
80
19
78.75%
35.6%
25.5%
15.9%
53.7%
8.1%
-65.2%
42.1%
CULVER CITY CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$145,000
$126
13
24
53
57
45.28%
$276,500
$179
12
9
32
38
28.12%
90.7%
42.1%
-7.7%
-62.50%
-39.6%
-34.6%
-37.9%
DOWNTOWN SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$407,500
$416
80
95
227
59
41.85%
$540,000
$547
89
77
187
43
41.18%
32.5%
31.5%
11.2%
-18.9%
-17.6%
-28.3%
-1.6%
DOWNTOWN CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$1,050,000
$344
23
22
95
46
23.16%
$1,100,000
$413
32
39
94
46
41.49%
4.8%
20.1%
39.1%
77.3%
-1.1%
0.1%
79.2%
ENCINO SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$162,706
$198
4
17
14
84
50.00%
$285,000
$236
5
12
24
12
50.00%
75.2%
19.2%
25.0%
71.4%
71.4%
-85.9%
0.0%
ENCINO CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$957,250
$471
60
57
177
66
32.20%
$1,199,000
$554
67
81
176
42
46.02%
25.03%
17.6%
11.7%
42.1%
-0.6%
-37.1%
42.9%
HANCOCK PARK-WILSHIRE SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$361,000
$327
16
15
39
39
38.46%
$543,500
$523
10
17
34
58
50.00%
50.6%
59.9%
-37.5%
13.3%
-12.8%
50.3%
30.0%
HOLLYWOOD SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$473,500
$370
22
25
101
61
24.75%
$560,000
$458
39
31
66
79
46.97%
18.3%
23.8%
77.3%
24.0%
-34.7%
-29.0%
89.8%
HOLLYWOOD CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$907,950
$469
35
33
114
42
28.95%
$937,500
$481
48
41
111
51
36.94%
3.3%
2.6%
37.1%
24.2%
-2.6%
21.5%
27.6%
HOLLYWOOD HILLS EAST SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$1,000,000
$485
49
51
136
42
37.5%
$1,036,450
$537
61
77
150
40
51.33%
3.6%
10.7%
24.5%
51.0%
10.3%
-3.9%
36.9%
LOS FELIZ SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$315,000
$361
5
5
17
30
29.41%
$432,500
$430
4
4
7
28
57.14%
37.3%
19.1%
-20.0%
-20.0%
-58.8%
-6.5%
94.3%
LOS FELIZ CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$1,536,000
$605
43
46
311
136
14.79%
$1,980,000
$683
39
53
280
141
18.93%
28.9%
12.9%
-9.3%
15.2%
-10.0%
3.4%
28.0%
MALIBU SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$6,296,875
$1,832
20
20
137
345
14.60%
$3,902,500
$1,665
12
9
108
101
8.33%
-38.0%
-9.1%
-40.0%
-55.0%
-21.2%
-70.8%
-42.9%
MALIBU BEACH SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$1,495,000
$469
13
14
43
70
32.56%
$1,767,500
$558
12
10
30
53
33.33%
19.8%
19.0%
-7.7%
-28.6%
-30.2%
-24.1%
2.4%
MARINA DEL REY SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$575,000
$389
72
91
254
78
35.83%
$732,500
$501
71
78
200
66
39.00%
27.4%
28.8%
-1.4%
-14.3%
-21.3%
-15.4%
8.9%
MARINA DEL REY CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$299,000
$207
57
48
119
52
40.34%
$460,000
$293
56
56
106
27
52.83%
53.8%
41.5%
-1.8%
16.7%
-10.9%
-48.2%
31.0%
MID LOS ANGELES SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$363,750
$241
12
10
31
37
32.26%
$466,250
$295
6
4
28
24
14.29%
28.2%
22.4%
-50.0%
-60.0%
-9.7%
-36.0%
-55.7%
MID WILSHIRE SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$1,841,975
$725
70
84
262
47
32.06%
$2,085,000
$803
100
107
231
63
46.32%
13.2%
10.8%
42.9%
27.4%
-11.8%
34.0%
44.5%
PACIFIC PALISADES SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$759,000
$507
76
83
155
35
53.55%
$880,000
$559
85
93
129
32
72.09%
15.9%
10.3%
11.8%
12.0%
-16.8%
-7.3%
34.6%
PALMS – MAR VISTA SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$1,945,000
$779
62
61
184
49
33.15%
$2,105,000
$902
72
75
153
48
49.02%
8.2%
15.8%
16.1%
23.0%
-16.8%
-3.9%
47.9%
SANTA MONICA SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$750,000
$605
109
120
267
66
44.94%
$752,500
$686
104
99
176
38
56.25%
0.3%
13.4%
-4.6%
-17.5%
-34.1%
-42.9%
25.2%
SANTA MONICA CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$800,000
$369
51
61
141
44
43.26%
$929,000
$460
57
67
128
47
52.34%
16.1%
24.7%
11.8%
9.8%
-9.2%
7.0%
21.0%
SHERMAN OAKS SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$325,000
$235
12
12
29
50
41.38%
$440,000
$286
13
24
40
25
60.00%
35.4%
21.7%
8.3%
100.0%
37.9%
-51.3%
45.0%
SHERMAN OAKS CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$590,000
$401
63
63
135
41
46.67%
$735,000
$516
67
70
112
35
62.50%
24.6%
28.7%
6.3%
11.1%
-17.0%
-16.2%
33.9%
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) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$987,500
$438
38
36
91
55
39.56%
$894,000
$483
34
42
99
36
42.42%
-9.5%
10.3%
-10.5%
16.7%
8.8%
-35.7%
7.2%
STUDIO CITY SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$360,000
$285
11
10
22
77
45.45%
$475,500
$334
15
28
43
31
65.12%
32.1%
17.2%
36.4%
180.0%
95.5%
-60.1%
43.3%
STUDIO CITY CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$1,410,000
$598
107
95
441
70
21.54%
$1,450,000
$763
137
145
375
52
38.67%
2.8%
27.6%
28.0%
52.6%
-15.0%
-26.0%
79.5%
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) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$383,836
$501
13
13
56
65
23.21%
$415,000
$674
19
20
38
45
52.63%
8.1%
34.5%
46.2%
53.28%
-32.1%
-31.7%
126.7%
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) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$687,000
$441
20
20
95
85
21.05%
$1,147,500
$498
26
33
77
77
42.86%
67.0%
12.9%
30.0%
65.0%
-18.9%
-10.0%
103.6%
TOPANGA SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$
$
1
%
$
$
%
%
%
%
%
%
%
%
TOPANGA CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$1,000,000
$664
53
62
160
77
38.75%
$1,512,500
$891
52
65
129
63
50.39%
51.2%
34.2%
-1.9%
4.8%
-19.4%
-17.9%
30.0%
VENICE SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$940,000
$540
10
8
34
87
23.53%
$1,145,000
$651
25
20
31
37
64.52%
21.8%
20.6%
150.0%
150.0%
-8.8%
-57.0%
174.2%
VENICE CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$900,000
$586
29
31
89
45
34.83%
$1,107,500
$730
40
40
75
36
53.33%
23.1%
24.6%
37.9%
29.0%
-15.7%
-20.5%
53.1%
WEST HOLLYWOOD SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$395,500
$415
88
96
239
81
40.17%
$505,000
$482
91
104
229
41
45.41%
27.7%
16.1%
3.4%
8.3%
-4.2%
-49.2%
13.1%
WEST HOLLYWOOD CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$548,500
$501
14
23
48
68
47.92%
$785,000
$591
19
18
38
22
47.37%
43.1%
18.0%
35.7%
-21.7%
-20.8%
-67.4%
-1.1%
WEST LOS ANGELES SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$639,900
$403
57
57
112
36
50.89%
$752,500
$462
68
79
117
25
67.52%
17.6%
14.6%
19.3%
38.6%
4.5%
-31.8%
32.7%
WESTCHESTER SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$170,000
$177
3
8
24
71
33.33%
$386,990
$307
7
5
9
67
55.56%
127.6%
73.4%
133.3%
-37.5%
-62.5%
-5.7%
66.7%
WESTCHESTER CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$1,225,000
$579
49
52
131
40
39.69%
$1,351,250
$670
58
51
97
34
52.58%
10.3%
15.7%
18.4%
-1.9%
-26.0%
-14.1%
32.5%
WESTWOOD – CENTURY CITY SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
$568,500
$456
128
115
427
93
26.93%
$672,500
$488
144
139
413
58
33.66%
18.3%
7.0%
12.5%
20.9%
-3.3%
-37.7%
25.0%
WESTWOOD – CENTURY CITY CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2012 Q2 2013 % CHANGE
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 ANDREA MILLER REALTY.
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:
ANDREA MILLER INTERNATIONAL DIRECTOR Keller Williams Realty Brentwood Mobile: 310-980-9979 11812 San Vicente Blvd. Suite 100
Los Angeles, CA 90049 [email protected] www.AndreaMillerRealty.com