Download - November 2012 Los Angeles Market Report
Los Angeles - Westside
RodeoMarketReports.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 oM a r k e t R e p o r t s . c o m
2
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
16
17
18
19
20
21
22
23
24
25
26
27
28
Bel Air-Holmby Hills
Nov 2011 Nov 2012 %Change
Median Price $1,574,000 $1,745,000 11
Properties Sold 9 13 44
Sales Volume $31,623,900 $54,156,800 71
Properties Pending Sale 17 17 0
Properties For Sale 157 127 -19
Average Days on Market 83 109 31
Month’s Supply of Inventory 7 6 -19
Percent Under Contract 10.8 13.4 24
Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Beverly Center - Miracle Mile
Nov 2011 Nov 2012 %Change
Median Price $1,025,000 $900,000 -12
Properties Sold 10 13 30
Sales Volume $9,694,000 $12,100,000 25
Properties Pending Sale 13 13 0
Properties For Sale 80 54 -33
Average Days on Market 48 49 2
Month’s Supply of Inventory 5 3 -40
Percent Under Contract 16.3 24.1 48
Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m
*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 oM a r k e t R e p o r t s . c o m
Nov 2011 Nov 2012 %Change
Median Price $2,120,000 $5,100,000 141
Properties Sold 15 17 13
Sales Volume $45,426,000 $107,286,250 136
Properties Pending Sale 9 17 89
Properties For Sale 138 102 -26
Average Days on Market 107 70 -35
Month’s Supply of Inventory 12 4 -65
Percent Under Contract 16.3 16.7 156
*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 oM a r k e t R e p o r t s . c o m
Nov 2011 Nov 2012 %Change
Median Price $1,350,000 $1,600,000 19
Properties Sold 11 11 0
Sales Volume $22,357,303 $27,406,897 23
Properties Pending Sale 15 18 20
Properties For Sale 181 106 -41
Average Days on Market 92 65 -29
Month’s Supply of Inventory 10 4 -57
Percent Under Contract 8.3 17 105
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Beverlywood
Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m
Nov 2011 Nov 2012 %Change
Median Price $612,000 $835,000 36
Properties Sold 14 10 -29
Sales Volume $7,258,910 $10,832,000 49
Properties Pending Sale 8 23 188
Properties For Sale 83 50 -40
Average Days on Market 78 64 -18
Month’s Supply of Inventory 8 1 -89
Percent Under Contract 9.6 46 377
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Brentwood
Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m
Nov 2011 Nov 2012 %Change
Median Price $1,600,000 $1,606,573 0
Properties Sold 17 28 65
Sales Volume $25,303,930 $72,330,202 186
Properties Pending Sale 14 13 -7
Properties For Sale 145 97 -33
Average Days on Market 115 108 -6
Month’s Supply of Inventory 8 5 -34
Percent Under Contract 9.7 13.4 39
*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 oM a r k e t R e p o r t s . c o m
Nov 2011 Nov 2012 %Change
Median Price $1,187,500 $1,098,000 -8
Properties Sold 6 2 -67
Sales Volume $6,845,625 $2,196,000 -68
Properties Pending Sale 3 3 0
Properties For Sale 26 11 -58
Average Days on Market 110 61 -45
Month’s Supply of Inventory 6 2 -62
Percent Under Contract 11.5 27.3 136
*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 oM a r k e t R e p o r t s . c o m
Nov 2011 Nov 2012 %Change
Median Price $677,500 $658,500 -3
Properties Sold 12 20 67
Sales Volume $5,837,000 $11,561,000 98
Properties Pending Sale 10 14 40
Properties For Sale 76 43 -43
Average Days on Market 59 53 -10
Month’s Supply of Inventory 6 2 -70
Percent Under Contract 13.2 32.6 147
*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 oM a r k e t R e p o r t s . c o m
Nov 2011 Nov 2012 %Change
Median Price $900,000 $1,530,000 70
Properties Sold 15 20 33
Sales Volume $16,219,650 $32,816,987 102
Properties Pending Sale 18 26 44
Properties For Sale 147 84 -43
Average Days on Market 60 49 -18
Month’s Supply of Inventory 7 2 -71
Percent Under Contract 12.2 31 154
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Hollywood
Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m
Nov 2011 Nov 2012 %Change
Median Price $310,000 $450,000 45
Properties Sold 3 7 133
Sales Volume $1,006,000 $2,645,500 163
Properties Pending Sale 6 5 -17
Properties For Sale 43 17 -60
Average Days on Market 92 199 116
Month’s Supply of Inventory 5 2 -70
Percent Under Contract 14 29.4 111
*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 oM a r k e t R e p o r t s . c o m
Nov 2011 Nov 2012 %Change
Median Price $762,500 $910,000 19
Properties Sold 8 11 38
Sales Volume $6,421,000 $8,161,500 27
Properties Pending Sale 11 18 64
Properties For Sale 98 59 -40
Average Days on Market 87 96 10
Month’s Supply of Inventory 7 2 -74
Percent Under Contract 11.2 30.5 172
*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 oM a r k e t R e p o r t s . c o m
Nov 2011 Nov 2012 %Change
Median Price $625,000 $905,000 45
Properties Sold 19 21 11
Sales Volume $13,619,883 $20,721,760 52
Properties Pending Sale 16 22 38
Properties For Sale 126 96 -24
Average Days on Market 61 33 -46
Month’s Supply of Inventory 6 3 -53
Percent Under Contract 12.7 22.9 80
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Malibu
Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m
Nov 2011 Nov 2012 %Change
Median Price $902,699 $1,250,000 38
Properties Sold 9 19 111
Sales Volume $8,482,027 $29,489,000 248
Properties Pending Sale 16 12 -25
Properties For Sale 259 164 -37
Average Days on Market 175 169 -3
Month’s Supply of Inventory 14 12 -15
Percent Under Contract 6.2 7.3 18
*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 oM a r k e t R e p o r t s . c o m
Nov 2011 Nov 2012 %Change
Median Price $8,000,000 $3,770,822 -53
Properties Sold 3 2 -33
Sales Volume $19,240,000 $7,541,645 -61
Properties Pending Sale 1 5 400
Properties For Sale 109 78 -28
Average Days on Market 278 187 -33
Month’s Supply of Inventory 96 69 -28
Percent Under Contract 0.9 6.4 599
*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 oM a r k e t R e p o r t s . c o m
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Nov 2011 Nov 2012 %Change
Median Price $1,772,500 $2,085,000 18
Properties Sold 2 2 0
Sales Volume $3,545,000 $4,170,000 18
Properties Pending Sale 2 4 100
Properties For Sale 26 16 -38
Average Days on Market 30 111 270
Month’s Supply of Inventory 10 2 -79
Percent Under Contract 7.7 25 225
Mid Los Angeles
Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m
Nov 2011 Nov 2012 %Change
Median Price $290,000 $290,000 0
Properties Sold 30 35 17
Sales Volume $5,546,329 $6,914,500 25
Properties Pending Sale 28 37 32
Properties For Sale 223 133 -40
Average Days on Market 78 57 -27
Month’s Supply of Inventory 7 2 -67
Percent Under Contract 12.6 27.8 122
*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 oM a r k e t R e p o r t s . c o m
Nov 2011 Nov 2012 %Change
Median Price $234,900 $630,000 168
Properties Sold 1 3 200
Sales Volume $234,900 $400,000 70
Properties Pending Sale 5 4 -20
Properties For Sale 44 20 -55
Average Days on Market 23 52 126
Month’s Supply of Inventory 9 2 -76
Percent Under Contract 11.4 20 76
*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 oM a r k e t R e p o r t s . c o m
Nov 2011 Nov 2012 %Change
Median Price $1,721,090 $2,155,000 25
Properties Sold 24 21 -13
Sales Volume $55,183,279 $59,765,500 8
Properties Pending Sale 22 21 -5
Properties For Sale 156 105 -33
Average Days on Market 73 104 42
Month’s Supply of Inventory 5 3 -34
Percent Under Contract 14.1 20 42
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Palms - Mar Vista
Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m
Nov 2011 Nov 2012 %Change
Median Price $900,000 $821,000 -9
Properties Sold 17 32 88
Sales Volume $14,790,000 $25,317,182 71
Properties Pending Sale 20 27 35
Properties For Sale 129 67 -48
Average Days on Market 116 41 -65
Month’s Supply of Inventory 5 1 -71
Percent Under Contract 15.5 40.3 160
*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 oM a r k e t R e p o r t s . c o m
Nov 2011 Nov 2012 %Change
Median Price $602,000 $1,100,000 83
Properties Sold 1 1 0
Sales Volume $602,000 $1,100,000 83
Properties Pending Sale 0 0 n/a
Properties For Sale 2 1 -50
Average Days on Market 0 0 n/a
Month’s Supply of Inventory 0 0 n/a
Percent Under Contract 0 0 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 oM a r k e t R e p o r t s . c o m
Nov 2011 Nov 2012 %Change
Median Price $1,695,000 $1,406,875 -17
Properties Sold 16 30 88
Sales Volume $33,078,170 $56,738,310 72
Properties Pending Sale 18 30 67
Properties For Sale 119 83 -30
Average Days on Market 93 29 -69
Month’s Supply of Inventory 5 2 -71
Percent Under Contract 15.1 36.1 139
*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 oM a r k e t R e p o r t s . c o m
Nov 2011 Nov 2012 %Change
Median Price $582,000 $609,500 5
Properties Sold 25 26 4
Sales Volume $11,994,500 $12,454,800 4
Properties Pending Sale 22 27 23
Properties For Sale 143 94 -34
Average Days on Market 76 52 -32
Month’s Supply of Inventory 5 2 -56
Percent Under Contract 15.4 28.7 87
*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 oM a r k e t R e p o r t s . c o m
Nov 2011 Nov 2012 %Change
Median Price $1,050,000 $1,195,000 14
Properties Sold 17 39 129
Sales Volume $17,121,627 $54,959,500 221
Properties Pending Sale 28 44 57
Properties For Sale 302 235 -22
Average Days on Market 92 71 -23
Month’s Supply of Inventory 9 4 -56
Percent Under Contract 9.3 18.7 102
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Venice
Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m
Nov 2011 Nov 2012 %Change
Median Price $1,002,500 $1,200,000 20
Properties Sold 12 23 92
Sales Volume $15,117,875 $31,833,900 111
Properties Pending Sale 14 18 29
Properties For Sale 101 63 -38
Average Days on Market 84 55 -35
Month’s Supply of Inventory 6 2 -62
Percent Under Contract 13.9 28.6 106
*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 oM a r k e t R e p o r t s . c o m
Nov 2011 Nov 2012 %Change
Median Price $723,000 $1,360,000 88
Properties Sold 12 9 -25
Sales Volume $11,564,500 $12,546,000 8
Properties Pending Sale 14 8 -43
Properties For Sale 68 38 -44
Average Days on Market 52 122 135
Month’s Supply of Inventory 3 3 -6
Percent Under Contract 20.6 21.1 2
*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 oM a r k e t R e p o r t s . c o m
Nov 2011 Nov 2012 %Change
Median Price $441,000 $577,000 31
Properties Sold 2 5 150
Sales Volume $272,000 $3,018,000 1010
Properties Pending Sale 9 9 0
Properties For Sale 45 32 -29
Average Days on Market 53 24 -55
Month’s Supply of Inventory 4 2 -42
Percent Under Contract 20 28.1 41
*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 oM a r k e t R e p o r t s . c o m
Nov 2011 Nov 2012 %Change
Median Price $1,425,500 $1,390,000 -4
Properties Sold 6 21 250
Sales Volume $8,920,000 $32,166,172 261
Properties Pending Sale 15 14 -7
Properties For Sale 76 39 -49
Average Days on Market 63 47 -25
Month’s Supply of Inventory 3 1 -58
Percent Under Contract 19.7 35.9 82
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
RODEO REALTY MARKETING DEPARTMENT