greater los angeles market update | 3-month ending may 2014

Greater Los Angeles Market Update3-Month Ending May 2014

Beverly Hills | Brentwood | Los Feliz | MalibuPacific Palisades | Santa Monica | Sunset Strip sothebyshomes.com/losangeles

Malibu, CA | web: 0308014

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TABLE OF CONTENTS

MARKET AREA PGS.

Bel Air - Holmby Hills 4-5

Beverly Center - Miracle Mile 6-7

Beverly Hills 8-9

Beverly Hills Post Office 10-11

Beverlywood 12-13

Brentwood 14-15

Cheviot Hills - Rancho Park 16-17

Culver City 18-19

Downtown Los Angeles 20-21

Eagle Rock 22-23

Hancock Park 24-25

Hollywood 26-27

Hollywood Hills East 28-29

Los Feliz 30-31

Malibu 32-33

Malibu Beach 34-35

MARKET AREA PGS.

Marina Del Rey 36-37

Mid Los Angeles 38-39

Mid Wilshire 40-41

Mount Washington 42-43

Pacific Palisades 44-45

Palms - Mar Vista 46-47

Playa Del Rey 48-49

Playa Vista 50-51

Santa Monica 52-53

Silverlake - Echo Park 54-55

Sunset Strip - Hlwd Hills 56-57

Venice 58-59

West Hollywood 60-61

West Los Angeles 62-63

Westwood - Century City 64-65

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4

SINGLE FAMILY HOME SALES

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles

Bel Air is encompassed by a prestigious and well-known pocket of Los Angeles

known as the Golden Triangle, including Bel Air, Beverly Hills and Holmby Hills.

Bel Air real estate is tucked along the foothills of a section of the Santa Monica

Mountains on the north side and borders UCLA and Sunset Boulevard to the

south. Bel Air is approx. 12 miles from Downtown LA, minutes from the 405

freeway and close to the quaint Bel Air Hotel, yet it provides a feeling of serenity

and ever sought-after escape from metropolitan life. Homes vary from original

ranch style and modest one half stories to mansions with gorgeous views of

the canyon and city lights. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

BEL AIR - HOLMBY HILLS

SINGLE FAMILY HOMES (SFH)MAR - MAY 2014 ALL < $1M $1M - $3M > $3M

AVERAGE LIST PRICE $9,165,826 $707,967 $1,669,800 $17,272,529

AVERAGE LIST PRICE PER SQUARE FOOT $936.29 $647.53 $608.97 $1,090.08

AVERAGE SOLD PRICE $7,957,351 $694,333 $1,685,300 $14,773,223

AVERAGE SOLD PRICE PER SQUARE FOOT $871.87 $635.06 $614.62 $993.08

TOTAL SFH SOLD 35 3 15 17

TOTAL SFH FOR SALE AT END OF PERIOD 76 5 23 48

AVERAGE MONTHLY SUPPLY OF INVENTORY 6.5 5.0 4.6 8.5

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 87% 98% 101% 86%

SFHMAR - MAY 2013 ALL < $1M $1M - $3M > $3M




AVERAGE SOLD PRICE PER SQUARE FOOT $912.70 $397.18 $606.14 $1,481.59





SFHMAY/MAY COMPARISON ALL < $1M $1M - $3M > $3M

AVERAGE LIST PRICE 189% -14% 0% 83%

AVERAGE LIST PRICE PER SQUARE FOOT 0% 56% 1% -30%

AVERAGE SOLD PRICE 158% -11% 0% 64%

AVERAGE SOLD PRICE PER SQUARE FOOT -4% 60% 1% -33%

TOTAL SFH SOLD -24% -70% -42% 70%

TOTAL SFH FOR SALE AT END OF PERIOD 3% 25% 10% -2%

AVERAGE MONTHLY SUPPLY OF INVENTORY 35% 317% 90% -42%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -11% 3% 0% -11%

(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/bel-air-real-estate

http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/bel-air-real-estate

5

CONDOMINIUM SALES BEL AIR - HOLMBY HILLS

In Bel Air - Holmby Hills there were 15 single family home sales in May 2014, up from 10 in May 2013 and a 400% increase

from the 3 sales closed last month. The average list price for single family home sales in May 2014 was $7,095,867

compared to $3,031,000 for May 2013, representing a 134% increase. For the three-month period from March to May

2014, the average list price was 189% higher than the same period of the prior year. Average sales price for May 2014 was

$6,274,953, compared to that of March through May 2014, which was $7,957,351. Comparing May 2014 to April 2014, Bel

Air - Holmby Hills saw a 17% decrease in average sale price, but a 107% increase compared to same month of the prior

year.

CONDOMINIUMS (CONDOS)MAR - MAY 2014 ALL < $1M $1M - $3M > $3M

AVERAGE LIST PRICE $- $- $- $-

AVERAGE LIST PRICE PER SQUARE FOOT $- $- $- $-

AVERAGE SOLD PRICE $- $- $- $-

AVERAGE SOLD PRICE PER SQUARE FOOT $- $- $- $-

TOTAL CONDOS SOLD - - - -

TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -

AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -


CONDOSMAR - MAY 2013 ALL < $1M $1M - $3M > $3M

AVERAGE LIST PRICE $599,000 $599,000 $- $-

AVERAGE LIST PRICE PER SQUARE FOOT $360.41 $360.41 $- $-

AVERAGE SOLD PRICE $610,500 $610,500 $- $-

AVERAGE SOLD PRICE PER SQUARE FOOT $367.33 $367.33 $- $-

TOTAL CONDOS SOLD 1 1 - -




CONDOSMAY/MAY COMPARISON ALL < $1M $1M - $3M > $3M

AVERAGE LIST PRICE -100% -100% 0% 0%

AVERAGE LIST PRICE PER SQUARE FOOT -100% -100% 0% 0%

AVERAGE SOLD PRICE -100% -100% 0% 0%

AVERAGE SOLD PRICE PER SQUARE FOOT -100% -100% 0% 0%

TOTAL CONDOS SOLD -100% -100% 0% 0%

TOTAL CONDOS FOR SALE AT END OF PERIOD 0% 0% 0% 0%

AVERAGE MONTHLY SUPPLY OF INVENTORY 0% 0% 0% 0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -100% -100% 0% 0%

(Source: MLS/CLAW)

MAY MARKET OVERVIEW

6



BEVERLY CENTER - MIRACLE MILE

The Beverly Center-Miracle Mile area of Los Angeles, known for its original

Spanish two-story homes, duplexes and single-family homes, borders the Mid

Los Angeles and Fairfax Districts as well as Hancock Park. The many original

Spanish two-story homes, duplexes and single-family homes make up one of

the city’s most densely populated and commercial sections. The area is home

to the world-famous Los Angeles County Museum of Modern Art (LACMA),

the La Brea Tar Pits and the Petersen Automotive Museum, which all make

up Museum Row. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA



AVERAGE LIST PRICE PER SQUARE FOOT $622.30 $582.15 $632.90 $-


AVERAGE SOLD PRICE PER SQUARE FOOT $619.76 $578.89 $630.54 $-






AVERAGE LIST PRICE $1,150,563 $787,641 $1,407,265 $-


AVERAGE SOLD PRICE $1,154,347 $787,653 $1,413,716 $-


TOTAL SFH SOLD 70 29 41 -

TOTAL SFH FOR SALE AT END OF PERIOD 38 7 31 -

AVERAGE MONTHLY SUPPLY OF INVENTORY 1.6 0.7 2.3 -



AVERAGE LIST PRICE 23% 7% 13% 0%

AVERAGE LIST PRICE PER SQUARE FOOT 11% 33% -1% 0%

AVERAGE SOLD PRICE 22% 7% 11% 0%

AVERAGE SOLD PRICE PER SQUARE FOOT 10% 33% -2% 0%

TOTAL SFH SOLD -27% -52% -12% 0%

TOTAL SFH FOR SALE AT END OF PERIOD 8% -29% 13% 0%


AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% -1% -1% 0%

(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/beverly-center---miracle-mile-real-estate

7

CONDOMINIUM SALES

MAY MARKET OVERVIEW

BEVERLY CENTER - MIRACLE MILE

In Beverly Center - Miracle Mile there were 21 single family home sales in May 2014, down from 31 in May 2013 and a

62% increase from the 13 sales closed last month. The average list price for single family home sales in May 2014 was

$1,438,810 compared to $1,227,756 for May 2013, representing a 17% increase. For the three-month period from March to

May 2014, the average list price was 23% higher than the same period of the prior year. Average sales price for May 2014

was $1,411,456, compared to that of March through May 2014, which was $1,402,769. Comparing May 2014 to April 2014,

Beverly Center - Miracle Mile saw a 5% decrease in average sale price, but a 16% increase compared to same month of

the prior year.


AVERAGE LIST PRICE $711,318 $671,043 $1,174,475 $-


AVERAGE SOLD PRICE $701,480 $662,478 $1,150,000 $-


TOTAL CONDOS SOLD 25 23 2 -










TOTAL CONDOS FOR SALE AT END OF PERIOD 16 16 - -

AVERAGE MONTHLY SUPPLY OF INVENTORY 2.8 2.8 - -




AVERAGE LIST PRICE PER SQUARE FOOT 10% 6% 0% 0%


AVERAGE SOLD PRICE PER SQUARE FOOT 11% 7% 0% 0%

TOTAL CONDOS SOLD 47% 35% 0% 0%

TOTAL CONDOS FOR SALE AT END OF PERIOD -100% -100% 0% 0%

AVERAGE MONTHLY SUPPLY OF INVENTORY -100% -100% 0% 0%


(Source: MLS/CLAW)

8



BEVERLY HILLS

Beverly Hill, located within the Golden Triangle, is nestle up against the foothills of the

Santa Monica Mountains on the north side. Beverly Hills is bordered by Westwood

Village and Century City on the west, West Hollywood and Fairfax District on the east,

and Los Angeles City and the 10 freeway on the South. Rodeo Drive between Wilshire

Boulevard and Sunset Boulevard include not only the ultimate shopping mecca,

but an area of large homes referred to as the Flats,. The blocks were designed by

landscape architect William D. Cook, with large lots and wide curving streets lined with

palm, eucalyptus and acacia trees and a three-block 80-foot-wide park running along

Santa Monica Boulevard. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA


AVERAGE LIST PRICE $5,736,292 $- $2,113,611 $7,909,900

AVERAGE LIST PRICE PER SQUARE FOOT $1,323.79 $- $803.60 $1,508.97

AVERAGE SOLD PRICE $5,460,604 $- $2,137,637 $7,454,383

AVERAGE SOLD PRICE PER SQUARE FOOT $1,268.68 $- $813.25 $1,430.81

TOTAL SFH SOLD 48 - 18 30

TOTAL SFH FOR SALE AT END OF PERIOD 59 - 9 50

AVERAGE MONTHLY SUPPLY OF INVENTORY 3.7 - 1.5 5.0




AVERAGE LIST PRICE PER SQUARE FOOT $1,145.05 $459.51 $740.84 $1,238.61


AVERAGE SOLD PRICE PER SQUARE FOOT $1,123.97 $461.80 $737.61 $1,213.46







AVERAGE LIST PRICE PER SQUARE FOOT 16% -100% 8% 22%


AVERAGE SOLD PRICE PER SQUARE FOOT 13% -100% 10% 18%

TOTAL SFH SOLD 2% -100% 29% -6%

TOTAL SFH FOR SALE AT END OF PERIOD -17% 0% -36% -12%

AVERAGE MONTHLY SUPPLY OF INVENTORY -19% 0% -50% -6%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -3% -100% 2% -4%

(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/beverly-hills-real-estate

9

CONDOMINIUM SALES

MAY MARKET OVERVIEW

BEVERLY HILLS

In Beverly Hills there were 18 single family home sales in May 2014, up from 17 in May 2013 and a 5% decrease from the

19 sales closed last month. The average list price for single family home sales in May 2014 was $6,616,555 compared

to $5,251,471 for May 2013, representing a 26% increase. For the three-month period from March to May 2014, the

average list price was 17% higher than the same period of the prior year. Average sales price for May 2014 was $6,314,597,

compared to that of March through May 2014, which was $5,460,604. Comparing May 2014 to April 2014, Beverly Hills

saw a 36% increase in average sale price, and a 21% increase compared to same month of the prior year.















TOTAL CONDOS SOLD 40 23 15 2

TOTAL CONDOS FOR SALE AT END OF PERIOD 22 13 8 1




AVERAGE LIST PRICE -10% 4% 28% -100%

AVERAGE LIST PRICE PER SQUARE FOOT -5% 7% 30% -100%

AVERAGE SOLD PRICE -4% 6% 28% -100%

AVERAGE SOLD PRICE PER SQUARE FOOT 1% 10% 31% -100%

TOTAL CONDOS SOLD -25% -30% -7% -100%

TOTAL CONDOS FOR SALE AT END OF PERIOD -100% -100% -100% -100%

AVERAGE MONTHLY SUPPLY OF INVENTORY -100% -100% -100% -100%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 6% 2% 1% -100%

(Source: MLS/CLAW)

10



BEVERLY HILLS POST OFFICE

Beverly Hills Post Office is home to grand estates, mansions and large

traditional homes as well as some of the most celebrated gated communities

in the area, including Mulholland Estates, The Summit, Beverly Ridge Estates

and perhaps the most famous, Beverly Park. Lying outside of the City of

Beverly Hills limits, Beverly Hills Post Office is part of Los Angeles, but is

assigned to use the postal services of Beverly Hills, which started in the early

1960s. Within the area some of the most desired grand estates, mansions

and large traditional homes in all of Southern California can be found.CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA












AVERAGE LIST PRICE PER SQUARE FOOT $676.73 $508.53 $604.05 $770.91












TOTAL SFH SOLD -8% 100% -27% 23%


AVERAGE MONTHLY SUPPLY OF INVENTORY 10% -25% 49% -24%


(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/beverly-hills-post-office-real-estate

11

CONDOMINIUM SALES

MAY MARKET OVERVIEW

BEVERLY HILLS POST OFFICE

In Beverly Hills Post Office there were 15 single family home sales in May 2014, up from 13 in May 2013 and a 12% decrease


compared to $3,129,923 for May 2013, representing a 29% decrease. For the three-month period from March to May


$2,171,308, compared to that of March through May 2014, which was $3,812,580. Comparing May 2014 to April 2014,

Beverly Hills Post Office saw a 46% decrease in average sale price, and a 26% decrease compared to same month of the

prior year.




























(Source: MLS/CLAW)

12



Beverlywood is an upscale neighborhood in Los Angeles strategically placed

near the heart of one of the world’s largest cities, and is the ideal home for

anyone from couples raising families to retirees. The community is friendly

and features tree-lined streets, lush green parks, fancy storefronts, sidewalk

delis and cozy cafes for its residents. Almost all of Beverlywood’s inhabitants

live in single-family homes built between the 1920s and the 1950s, with the

oldest homes in the areas near Beverly Hills. Beverlywood residents enjoy an

upscale community of homes constructed from 1920s through the 1950s. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

BEVERLYWOOD
























TOTAL SFH SOLD 29% -13% 257% 0%


AVERAGE MONTHLY SUPPLY OF INVENTORY 59% 92% -7% 0%


(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/beverlywood-real-estate

13

CONDOMINIUM SALES BEVERLYWOOD

MAY MARKET OVERVIEWIn Beverlywood there were 18 single family home sales in May 2014, up from 11 in May 2013 and a 18% decrease from

the 22 sales closed last month. The average list price for single family home sales in May 2014 was $999,242 compared

to $778,555 for May 2013, representing a 28% increase. For the three-month period from March to May 2014, the

average list price was 42% higher than the same period of the prior year. Average sales price for May 2014 was $991,556,

compared to that of March through May 2014, which was $1,118,403. Comparing May 2014 to April 2014, Beverlywood

saw a 18% decrease in average sale price, but a 24% increase compared to same month of the prior year.




























(Source: MLS/CLAW)

14



Brentwood is one of the wealthiest areas of Los Angeles, populated by affluent

professionals, political figures and celebrities. Known for its Spanish-style homes,

condos and traditional homes, Brentwood has prosperous commercial districts

along each of its major east-west thoroughfares, Wilshire Boulevard, San Vicente

Boulevard and Sunset Boulevard. The Spanish-style and traditional-style homes

as well as the condos of Brentwood are located at the base of the Santa Monica

Mountains. Brentwood was once part of the Rancho San Vicente y Santa Monica,

a Mexican land-grant ranch sold off in pieces by the Sepulveda family after the

Mexican-American War. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

BRENTWOOD



AVERAGE LIST PRICE PER SQUARE FOOT $1,100.54 $907.88 $748.40 $1,282.11


AVERAGE SOLD PRICE PER SQUARE FOOT $1,025.49 $915.15 $734.42 $1,175.24



















TOTAL SFH SOLD -28% 0% -41% -4%

TOTAL SFH FOR SALE AT END OF PERIOD 1% -100% -11% 17%

AVERAGE MONTHLY SUPPLY OF INVENTORY 40% -100% 51% 22%


(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/brentwood-real-estate

15

CONDOMINIUM SALES BRENTWOOD

MAY MARKET OVERVIEWIn Brentwood there were 24 single family home sales in May 2014, down from 27 in May 2013 and a 50% increase from the

16 sales closed last month. The average list price for single family home sales in May 2014 was $5,597,346 compared to

$3,372,148 for May 2013, representing a 66% increase. For the three-month period from March to May 2014, the average

list price was 52% higher than the same period of the prior year. Average sales price for May 2014 was $5,048,530,

compared to that of March through May 2014, which was $4,112,512. Comparing May 2014 to April 2014, Brentwood saw

a 51% increase in average sale price, and a 60% increase compared to same month of the prior year.











AVERAGE LIST PRICE $774,617 $608,241 $1,523,700 $3,100,000


AVERAGE SOLD PRICE $774,220 $611,617 $1,501,000 $3,100,000



TOTAL CONDOS FOR SALE AT END OF PERIOD 47 33 14 -




AVERAGE LIST PRICE 0% 6% -23% -100%

AVERAGE LIST PRICE PER SQUARE FOOT 7% 15% -7% -100%

AVERAGE SOLD PRICE 0% 4% -22% -100%

AVERAGE SOLD PRICE PER SQUARE FOOT 7% 13% -6% -100%

TOTAL CONDOS SOLD -20% -29% 40% -100%

TOTAL CONDOS FOR SALE AT END OF PERIOD -100% -100% -100% 0%

AVERAGE MONTHLY SUPPLY OF INVENTORY -100% -100% -100% 0%


(Source: MLS/CLAW)

16



Cheviot Hills and Rancho Park are both situated within a short drive of Fox

Studios and Sony Studios. Cheviot Hills provides excellent views of much

of the Los Angeles. Cheviot Hills’ gently rolling hills are reminiscent of the

Cheviot Hills area of Scotland, which is how the area got its name. Rancho

Park, though a small residential neighborhood in West Los Angeles, is one

of the few districts in Los Angeles where fall foliage can be seen. Nestled

between Westwood and Cheviot Hills, Rancho Park is mostly filled with

single-family homes and tree-lined streets. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

CHEVIOT HILLS - RANCHO PARK




















AVERAGE LIST PRICE 23% 18% -4% 0%


AVERAGE SOLD PRICE 24% 20% -5% 0%


TOTAL SFH SOLD -18% -86% 7% 0%

TOTAL SFH FOR SALE AT END OF PERIOD -25% -50% -31% 50%

AVERAGE MONTHLY SUPPLY OF INVENTORY -8% 250% -36% 0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 2% -1% 0%

(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/cheviot-hills-real-estate

17

CONDOMINIUM SALES CHEVIOT HILLS - RANCHO PARK

MAY MARKET OVERVIEWIn Cheviot Hills - Rancho Park there were 8 single family home sales in May 2014, up from 3 in May 2013 and a similar

performance from the 8 sales closed last month. The average list price for single family home sales in May 2014 was

$1,585,375 compared to $977,667 for May 2013, representing a 62% increase. For the three-month period from March to



Cheviot Hills - Rancho Park saw a 12% decrease in average sale price, but a 46% increase compared to same month of the

prior year.




























(Source: MLS/CLAW)

18



Charming Culver City, with its condos and traditional and Spanish-style homes,

is a town of galleries, shops, cafes and entrepreneurial businesses. Culver City

has been a focal point for motion picture studios since the 1920s and more

recently for television production, having been home to MGM Studios, the

Culver Studios and now Sony Picture Entertainment. Home of the Kirk Douglas

Theatre, Helms Bakeries and the Culver Hotel, Culver City’s condos, traditional

homes and Spanish-style homes offer a combination of urban living and small

town charm. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

CULVER CITY
























TOTAL SFH SOLD -4% -21% 200% 0%

TOTAL SFH FOR SALE AT END OF PERIOD -35% -42% -14% 0%



(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/culver-city-real-estate

19

CONDOMINIUM SALES CULVER CITY

MAY MARKET OVERVIEWIn Culver City there were 17 single family home sales in May 2014, down from 20 in May 2013 and a 32% decrease from

the 25 sales closed last month. The average list price for single family home sales in May 2014 was $824,974 compared

to $738,045 for May 2013, representing a 12% increase. For the three-month period from March to May 2014, the


compared to that of March through May 2014, which was $876,594. Comparing May 2014 to April 2014, Culver City saw a

11% decrease in average sale price, but a 12% increase compared to same month of the prior year.




























(Source: MLS/CLAW)

20



Downtown Los Angeles offers urban living with its condos and lofts, and its

central business district with skyscrapers, multinational corporations, popular

art institutions, public art displays, sightseeing opportunities, sports facilities

and shopping. Home to world-famous establishments like The Walt Disney

Concert Hall, Staples Center, Cathedral of our Lady of the Angels and the

University of Southern California, Downtown Los Angeles borders Lincoln

Heights and the LA River to the east, Hollywood to the north, the Santa Monica

Freeway to the south, and the Harbor Freeway to the west. Perfect for those

seeking condos and lofts. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

DOWNTOWN LOS ANGELES






TOTAL SFH SOLD 28 28 - -










TOTAL SFH FOR SALE AT END OF PERIOD 31 31 - -









TOTAL SFH FOR SALE AT END OF PERIOD -13% -19% 0% 0%



(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/downtown-los-angeles-real-estate

21

CONDOMINIUM SALES DOWNTOWN LOS ANGELES

MAY MARKET OVERVIEWIn Downtown L.A. there were 55 condominium sales in May 2014, up from 32 in May 2013 and a 31% increase from the 42

sales closed last month. The average list price for condo sales in May 2014 was $626,696 compared to $746,440 for May

2013, representing a 16% decrease. For the three-month period from March to May 2014, the average list price was 6%

lower than the same period of the prior year. Average sales price for May 2014 was $621,144, compared to that of March

through May 2014, which was $631,121. Comparing May 2014 to April 2014, Downtown L.A. saw a 4% decrease in average

sale price, and a 13% decrease compared to same month of the prior year.




















AVERAGE LIST PRICE -6% 13% -12% 0%


AVERAGE SOLD PRICE -4% 13% -9% 0%


TOTAL CONDOS SOLD 30% 40% -24% 0%




(Source: MLS/CLAW)

22



Eagle Rock, a neighborhood of architectural and historic homes, is bordered

by Glendale on the north and west, Highland Park to the southeast, Glassell

Park to the southwest, and Pasadena and South Pasadena on the east. At

certain times of the day on the northern edge of Eagle Rock, an enormous

boulder projects a bird-shaped shadow resembling an eagle in flight, giving

the city its name. Since the 1920s, artists, writers and filmmakers have

moved to the architectural and historic homes of Eagle Rock, with Craftsman,

Georgian, Art Deco and Mission Revival styles.CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

EAGLE ROCK
























TOTAL SFH SOLD 29% 27% 0% 0%

TOTAL SFH FOR SALE AT END OF PERIOD 24% 22% 50% 0%



(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/eagle-rock-real-estate

23

CONDOMINIUM SALES EAGLE ROCK

MAY MARKET OVERVIEWIn Eagle Rock there were 22 single family home sales in May 2014, up from 20 in May 2013 and a 12% decrease from the

25 sales closed last month. The average list price for single family home sales in May 2014 was $602,827 compared to

$562,480 for May 2013, representing a 7% increase. For the three-month period from March to May 2014, the average list

price was 12% higher than the same period of the prior year. Average sales price for May 2014 was $633,568, compared

to that of March through May 2014, which was $632,625. Comparing May 2014 to April 2014, Eagle Rock saw a 1%

increase in average sale price, and a 10% increase compared to same month of the prior year.




























(Source: MLS/CLAW)

24



Hancock Park is a historic neighborhood in Los Angeles, which was developed

in the 1920s by the Hancock family with profits earned from oil drilling. The

residential community is centrally located in the city and is bound by Wilshire

Boulevard, Melrose Avenue, Higland Avenue and Rossmore Avenue. Unusual for

most LA neighborhoods, residences in Hancock Park tend to be set back from

the street, most power and telephone lines are buried, and fences are a rarity. It

is located near both the Wilshire Country Club and the Los Angeles Tennis Club.

Hancock Park continues to be one of the most desirable areas in all of Southern

California to live. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

HANCOCK PARK




















AVERAGE LIST PRICE 13% 3% 14% -2%


AVERAGE SOLD PRICE 12% 5% 14% -6%


TOTAL SFH SOLD 5% 8% -3% 40%




(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/hancock-park-real-estate

25

CONDOMINIUM SALES HANCOCK PARK

MAY MARKET OVERVIEWIn Hancock Park - Wilshire there were 25 single family home sales in May 2014, down from 33 in May 2013 and a 19%

increase from the 21 sales closed last month. The average list price for single family home sales in May 2014 was

$1,730,448 compared to $1,595,332 for May 2013, representing an 8% increase. For the three-month period from March

to May 2014, the average list price was 13% higher than the same period of the prior year. Average sales price for May

2014 was $1,685,900, compared to that of March through May 2014, which was $1,599,988. Comparing May 2014 to April

2014, Hancock Park - Wilshire saw a 18% increase in average sale price, and a 6% increase compared to same month of

the prior year.




























(Source: MLS/CLAW)

26



Hollywood puts you right in one of the most desirable districts of Los Angeles real

estate. Hollywood’s fame is rooted in its cultural identity, peerless entertainment

industry and historical significance as the origin of American cinema. Hollywood

is consistently the host of major events such as the Academy Awards and is

the paramount tourist attraction with Hollywood Boulevard, the Walk of Fame

and the Hollywood Bowl. From the red carpet to Hollywood’s 130-acre national

park, Runyon Canyon, this vibrant community radiates its authentic prestige.

Hollywood homes and estates are some of the most luxurious in all of California.

CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

HOLLYWOOD




















AVERAGE LIST PRICE 58% -5% -25% 0%


AVERAGE SOLD PRICE 56% -9% -21% 0%


TOTAL SFH SOLD -6% -56% 800% 0%




(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/hollywood-real-estate

27

CONDOMINIUM SALES HOLLYWOOD

MAY MARKET OVERVIEWIn Hollywood there were 12 condominium sales in May 2014, down from 14 in May 2013 and a 37% decrease from the 19


2013, representing a 61% increase. For the three-month period from March to May 2014, the average list price was 33%

higher than the same period of the prior year. Average sales price for May 2014 was $933,329, compared to that of March

through May 2014, which was $716,925. Comparing May 2014 to April 2014, Hollywood saw a 49% increase in average

sale price, and a 57% increase compared to same month of the prior year.




























(Source: MLS/CLAW)

28



Hollywood Hills real estate means breathtaking homes in a sought-after neighborhood

of Los Angeles. It is located overlooking the city in the southeastern Santa Monica

Mountains. High above the city, the views of Downtown Los Angeles and the Pacific,

and the calm and serenity that can be found there make the Hills a draw for many

celebrities and non-celebrities alike. A number of Hollywood Hills homes can be found

on the Bird Streets above the Sunset Strip, Laurel Canyon and Beachwood Canyon.

Mulholland Drive, famed on its own, can be found along the top of the Hills. Homes

here can range from Mid-Century masterpieces to stunning modern Architectural to

traditional hillside. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

HOLLYWOOD HILLS EAST




















AVERAGE LIST PRICE -2% 10% -14% -100%


AVERAGE SOLD PRICE -1% 4% -11% -100%


TOTAL SFH SOLD -27% -54% 17% -100%

TOTAL SFH FOR SALE AT END OF PERIOD -2% -53% 54% -71%


AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% -5% 3% -100%

(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/hollywood-hills-real-estate

29

CONDOMINIUM SALES HOLLYWOOD HILLS EAST

MAY MARKET OVERVIEWIn Hollywood Hills East there were 13 single family home sales in May 2014, down from 18 in May 2013 and a 18% increase


compared to $999,528 for May 2013, representing an 18% increase. For the three-month period from March to May

2014, the average list price was 2% lower than the same period of the prior year. Average sales price for May 2014 was


Hollywood Hills East saw a 5% increase in average sale price, and a 17% increase compared to same month of the prior

year.




























(Source: MLS/CLAW)

30



Richly immersed with history dating back to the nineteenth century, Los

Feliz is located just south of the Santa Monica Mountains and is adjacent to

Hollywood. The area features the Griffith Observatory, the Greek Theatre,

and the Los Angeles Zoo. Los Feliz homes offer a welcoming and cohesive

community recognized for its chic sophistication. Historic and noted

homes can be found throughout Los Feliz, which has an enclave of celebrity

residents. Los Feliz is known for its grand Spanish estates, charming California

bungalows and many original craftsman homes.


LOS FELIZ
























TOTAL SFH SOLD -8% -32% 13% 150%




(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/los-feliz-real-estate

31

CONDOMINIUM SALES LOS FELIZ

MAY MARKET OVERVIEWIn Los Feliz there were 28 single family home sales in May 2014, down from 29 in May 2013 and a 56% increase from

the 18 sales closed last month. The average list price for single family home sales in May 2014 was $1,292,963 almost

matching $1,231,924 for May 2013. For the three-month period from March to May 2014, the average list price was 35%

higher than the same period of the prior year. Average sales price for May 2014 was $1,316,175, compared to that of March

through May 2014, which was $1,552,645. Comparing May 2014 to April 2014, Los Feliz saw a 19% decrease in average

sale price, but a 5% increase compared to same month of the prior year.




























(Source: MLS/CLAW)

32



Few names can evoke visions of beach living and casual elegance as readily as

Malibu, California. Embracing nearly 27 miles of gorgeous California coastline,

Malibu has long been home to some of the most influential people in the world.

The terrain varies widely, and some of Malibu’s famous beaches and surf

spots include Surfrider Beach, Zuma Beach and Le Carrillo Beach. Ocean-side

dining, boutique shops and gorgeous beaches combine to create the unique

lifestyle that exemplifies living in a Malibu home. Sotheby’s International

Realty, Inc provides some breathtaking Malibu properties with oceanfront and

spectacular beach views. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

MALIBU
























TOTAL SFH SOLD -2% -17% -35% 650%

TOTAL SFH FOR SALE AT END OF PERIOD -4% -44% 1% -4%

AVERAGE MONTHLY SUPPLY OF INVENTORY -2% -33% 56% -87%


(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/malibu-real-estate

33

CONDOMINIUM SALES MALIBU

MAY MARKET OVERVIEWIn Malibu there were 18 single family home sales in May 2014, up from 8 in May 2013 and a 13% increase from the 16

sales closed last month. The average list price for single family home sales in May 2014 was $3,046,222 compared to



compared to that of March through May 2014, which was $2,654,512. Comparing May 2014 to April 2014, Malibu saw a

12% increase in average sale price, and a 47% increase compared to same month of the prior year.





















AVERAGE LIST PRICE PER SQUARE FOOT -5% -15% 36% -100%


AVERAGE SOLD PRICE PER SQUARE FOOT 3% -13% 49% -100%

TOTAL CONDOS SOLD -58% -81% 150% -100%



AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 8% 3% 10% -100%

(Source: MLS/CLAW)

34



Where the majestic Pacific meets golden sands, Malibu Beach is conveniently

located within short drives of Santa Monica, Beverly Hills and Los Angeles

International Airport. The area’s beachfront properties, vineyards and

ranches are the destination for some of the most influential people, seeking

a unique supply of Malibu Beach real estate. Malibu Beach offers the best of

the best, from luxurious beachfront properties on the sand to extraordinary

estates, mansions, vineyards, and ranches on the bluffs overlooking the

Pacific Ocean and lining the hillsides with views of the Channel Islands

offshore. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

MALIBU BEACH



AVERAGE LIST PRICE PER SQUARE FOOT $2,300.98 $- $1,365.15 $2,570.28


AVERAGE SOLD PRICE PER SQUARE FOOT $2,205.35 $- $1,304.62 $2,464.55







AVERAGE LIST PRICE PER SQUARE FOOT $2,292.55 $- $1,264.17 $2,644.02


AVERAGE SOLD PRICE PER SQUARE FOOT $2,021.20 $- $1,177.24 $2,309.64










TOTAL SFH SOLD -30% 0% -60% 0%




(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/malibu-beach-real-estate

35

CONDOMINIUM SALES MALIBU BEACH

MAY MARKET OVERVIEWIn Malibu Beach there were 1 single family home sales in May 2014, down from 3 in May 2013 and a 50% decrease





Malibu Beach saw a 176% increase in average sale price, and a 214% increase compared to same month of the prior year.












AVERAGE LIST PRICE PER SQUARE FOOT $1,397.99 $852.17 $1,934.47 $-


AVERAGE SOLD PRICE PER SQUARE FOOT $1,188.22 $802.90 $1,566.95 $-







AVERAGE LIST PRICE PER SQUARE FOOT -39% 0% -100% 0%


AVERAGE SOLD PRICE PER SQUARE FOOT -33% -1% -100% 0%

TOTAL CONDOS SOLD 100% 200% -100% 0%



AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 10% -1% -100% 0%

(Source: MLS/CLAW)

36



With its blue waters and gleaming boats, sitting in the world’s largest manmade small-

craft harbor, Marina del Rey is an oasis of leisure and elegance in sunny Southern

California. Offering relaxing and beautiful views of the Pacific, Marina del Rey is home

to both estates and beach condominiums, and has access to boating, sailing, fishing

and a variety of water sports. Marina Del Rey is conveniently located five miles from

Los Angeles International Airport and just minutes from the San Diego and Marina

freeways. Adjacent to Venice Beach and Santa Monica, Marina Del Rey is also close

to major shopping malls, movie theaters, Hollywood, Beverly Hills and Downtown Los

Angeles. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

MARINA DEL REY






















AVERAGE SOLD PRICE -29% 7% -2% -100%


TOTAL SFH SOLD 100% 800% 50% -100%



AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% -2% 0% -100%

(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/marina-del-rey-real-estate

37

CONDOMINIUM SALES MARINA DEL REY

MAY MARKET OVERVIEWIn Marina Del Rey there were 30 condominium sales in May 2014, down from 32 in May 2013 and a 11% increase from the

27 sales closed last month. The average list price for condo sales in May 2014 was $838,707 almost matching $850,519

for May 2013. For the three-month period from March to May 2014, the average list price was 8% higher than the same

period of the prior year. Average sales price for May 2014 was $825,577, compared to that of March through May 2014,

which was $854,848. Comparing May 2014 to April 2014, Marina Del Rey saw a 13% decrease in average sale price, and a

2% decrease compared to same month of the prior year.
























TOTAL CONDOS SOLD 1% -3% 21% 0%




(Source: MLS/CLAW)

38



Mid Los Angeles is a district in Los Angeles, California, known for its

Spanish-style and traditional residences, as well as duplex properties. 2.5

miles south of Hollywood and 3.5 miles west of downtown Los Angeles,

Mid Los Angeles contains Brookside, Crestview, Fremont Place, Lafayette

Square, Little Ethiopia, Picfair Village and Victoria Park. Mid Los Angeles is

a great neighborhood, centrally located, great commercial and recreational

opportunities and close to all.CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

MID LOS ANGELES


AVERAGE LIST PRICE $458,701 $448,111 $804,667 $-























TOTAL SFH FOR SALE AT END OF PERIOD 53% 71% -50% 0%


AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 3% -1% 84% 0%

(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/mid-los-angeles-real-estate

39

CONDOMINIUM SALES MID LOS ANGELES

MAY MARKET OVERVIEWIn Mid Los Angeles there were 36 single family home sales in May 2014, down from 37 in May 2013 and a 38% increase

from the 26 sales closed last month. The average list price for single family home sales in May 2014 was $437,285 almost

matching $458,948 for May 2013. For the three-month period from March to May 2014, the average list price was 13%


through May 2014, which was $478,538. Comparing May 2014 to April 2014, Mid Los Angeles saw a 4% decrease in

average sale price, but a 4% increase compared to same month of the prior year.





















AVERAGE LIST PRICE PER SQUARE FOOT -100% -100% 0% 0%


AVERAGE SOLD PRICE PER SQUARE FOOT -100% -100% 0% 0%





(Source: MLS/CLAW)

40



Mid Wilshire, also known as Midtown, contains neighborhoods like Hancock

Park, Windsor Square, Carthay Circle and Lafayette Square. Mid Wilshire

offers some of Los Angeles’s most magnificent residential architecture,

primarily in traditional city neighborhood settings. Mid Wilshire contains

Little Ethiopia, Miracle Mile, Park La Brea, Park Mile and Wilshire Vista, all

known for the area’s stunning residential architecture. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

MID WILSHIRE




























(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/mid-wilshire-real-estate

41

CONDOMINIUM SALES MID WILSHIRE

MAY MARKET OVERVIEWIn Mid Wilshire there were 15 condominium sales in May 2014, down from 27 in May 2013 and a 67% increase from the 9




through May 2014, which was $472,078. Comparing May 2014 to April 2014, Mid Wilshire saw a 17% increase in average





























(Source: MLS/CLAW)

42



Founded in 1909, Mount Washington is located on the eastside of Los Angeles

neighboring Glassell Park, Eagle Rock, Highland Park and Montecito Heights

and its close proximity to both Pasadena and Downtown Los Angeles have

made it popular for homebuyers. It is known for the many 1950s and 1960s

modernist homes that can be found here. Recently the area has become a

more affordable alternative to the more pricey Westside.


MOUNT WASHINGTON




























(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/mount-washington-real-estate

43

CONDOMINIUM SALES MOUNT WASHINGTON

MAY MARKET OVERVIEWIn Mount Washington there were 15 single family home sales in May 2014, which is the same as May 2013 and a similar

performance from the 15 sales closed last month. The average list price for single family home sales in May 2014 was

$660,200 compared to $558,420 for May 2013, representing an 18% increase. For the three-month period from March to


was $686,167, compared to that of March through May 2014, which was $623,956. Comparing May 2014 to April 2014,

Mount Washington saw a 15% increase in average sale price, and a 21% increase compared to same month of the prior

year.




























(Source: MLS/CLAW)

44



Among Los Angeles’ most desired neighborhoods, Pacific Palisades sits against a

stunning backdrop with views of the Santa Monica mountains, the Pacific Coast,

and several canyons that run between them. Pacific Palisades is home to the well-

known J. Paul Getty Villa museum and beautiful parks offering sporting activities and

breathtaking views including Topanga Canyon State Park, Will Rogers State Historic

Park and Polo Club, and Rustin Canyon Park, as well as community events such as the

annual parade and fireworks display. Pacific Palisades offers sophisticated traditional

estates, dramatic architectural residences, custom-built properties and inviting

homes close to Palisades Village. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

PACIFIC PALISADES



AVERAGE LIST PRICE PER SQUARE FOOT $937.53 $- $825.15 $1,005.36


AVERAGE SOLD PRICE PER SQUARE FOOT $926.94 $- $834.33 $982.82



















TOTAL SFH SOLD -9% 0% -30% 42%

TOTAL SFH FOR SALE AT END OF PERIOD -11% -100% -5% -14%

AVERAGE MONTHLY SUPPLY OF INVENTORY -2% -100% 35% -40%


(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/pacific-palisades-real-estate

45

CONDOMINIUM SALES PACIFIC PALISADES

MAY MARKET OVERVIEWIn Pacific Palisades there were 29 single family home sales in May 2014, down from 35 in May 2013 and a 21% increase





Pacific Palisades saw a 16% decrease in average sale price, but a 20% increase compared to same month of the prior

year.




























(Source: MLS/CLAW)

46



Adjacent to Culver City and minutes from the ocean and UCLA is the community

of Palms – Mar Vista. Named after its magnificent views of the ocean along its hilly

border near Santa Monica, Palms – Mar Vista is one of the oldest communities

in Los Angeles and one of the least dense in all of West Los Angeles. Palms – Mar

Vista is full of homes built during the 1920s and 1930s as well as an abundance of

wonderfully preserved mid-century modern architecture. Those seeking 1920s

homes, 1930s homes and mid-century modern architecture can also enjoy the

area’s Mar Vista Park, covering an entire city block with a new recreation center

and roller hockey rink. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

PALMS - MAR VISTA




























(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/palms-mar-vista-real-estate

47

CONDOMINIUM SALES PALMS - MAR VISTA

MAY MARKET OVERVIEWIn Palms - Mar Vista there were 29 single family home sales in May 2014, up from 27 in May 2013 and a 3% decrease from

the 30 sales closed last month. The average list price for single family home sales in May 2014 was $1,063,379 compared

to $966,922 for May 2013, representing a 10% increase. For the three-month period from March to May 2014, the average


compared to that of March through May 2014, which was $1,159,595. Comparing May 2014 to April 2014, Palms - Mar

Vista saw a 2% decrease in average sale price, but a 9% increase compared to same month of the prior year.




























(Source: MLS/CLAW)

48



Playa Del Rey is a bedroom community along the beach, south and adjacent

to the Marina Del Rey harbor channel. Its early history dates back to a land

grant in 1839 from the Mexican governor. Today Playa Del Rey real estate

includes a mix of 1920’s homes, beach cottages from the 1940’s and

multi-million dollar elegant new houses. Only 10 minutes from Los Angeles

International Airport, Playa Del Rey also is home to Dockweiler Beach Park, a

popular short term camping area for recreational vehicles.CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

PLAYA DEL REY
























TOTAL SFH SOLD -12% -20% -17% 0%


AVERAGE MONTHLY SUPPLY OF INVENTORY 51% -38% 95% 0%


(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/playa-del-rey-real-estate

49

CONDOMINIUM SALES PLAYA DEL REY

MAY MARKET OVERVIEWIn Playa Del Rey there were 7 condominium sales in May 2014, down from 15 in May 2013 and a 50% decrease from the 14




through May 2014, which was $552,962. Comparing May 2014 to April 2014, Playa Del Rey saw a 31% increase in average





























(Source: MLS/CLAW)

50



Playa Vista, bordered by Marina Del Rey, Loyola Marymount University and

Westchester, was recognized in1998 as one of the most technologically

advanced communities ever planned and has led the nation as an early model for

sustainable development. With a range of properties from luxury to affordable,

Playa Vista features an array of parks, recreational amenities and a wildlife

preserve. Playa Vista is a fully connected community with complete broadband

and telecommunications capabilities and is home to gaming giants Electronic

Arts and the architectural firm of Frank Gehry. The area features a mix of luxury

and affordable housing. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

PLAYA VISTA


AVERAGE LIST PRICE $1,000,000 $- $1,000,000 $-

AVERAGE LIST PRICE PER SQUARE FOOT $362.58 $- $362.58 $-

AVERAGE SOLD PRICE $1,000,000 $- $1,000,000 $-

AVERAGE SOLD PRICE PER SQUARE FOOT $362.58 $- $362.58 $-

TOTAL SFH SOLD 1 - 1 -

TOTAL SFH FOR SALE AT END OF PERIOD 6 - 6 -

AVERAGE MONTHLY SUPPLY OF INVENTORY 18.0 - 18.0 -



AVERAGE LIST PRICE $1,250,000 $- $1,250,000 $-

AVERAGE LIST PRICE PER SQUARE FOOT $450.29 $- $450.29 $-

AVERAGE SOLD PRICE $1,250,000 $- $1,250,000 $-

AVERAGE SOLD PRICE PER SQUARE FOOT $450.29 $- $450.29 $-

TOTAL SFH SOLD 1 - 1 -

TOTAL SFH FOR SALE AT END OF PERIOD 4 - 4 -

AVERAGE MONTHLY SUPPLY OF INVENTORY 12.0 - 12.0 -




AVERAGE LIST PRICE PER SQUARE FOOT -19% 0% -19% 0%


AVERAGE SOLD PRICE PER SQUARE FOOT -19% 0% -19% 0%

TOTAL SFH SOLD 0% 0% 0% 0%




(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/playa-vista-real-estate

51

CONDOMINIUM SALES PLAYA VISTA

MAY MARKET OVERVIEWIn Playa Vista there were 8 condominium sales in May 2014, down from 17 in May 2013 and a 38% decrease from the 13

sales closed last month. The average list price for condo sales in May 2014 was $717,991 almost matching $694,009



which was $710,859. Comparing May 2014 to April 2014, Playa Vista saw a 6% increase in average sale price, and a 4%

increase compared to same month of the prior year.
























TOTAL CONDOS SOLD -15% -13% -50% 0%




(Source: MLS/CLAW)

52



Santa Monica offers more than simply a home. There are fishing and yacht

clubs and exquisite fine dining right in your own backyard. Santa Monica is

located on the Westside of Los Angeles and is comprised of 8.3 square miles

of vibrant commercial districts, neighboring residential communities and a

terrific public school system. Centered on three miles of wide, white, sandy

beaches, Santa Monica has become a popular international destination, with

many attractions such as The Santa Monica pier, Third Street Promenade,

Main Street, and the ultra chic Montana Avenue.


SANTA MONICA






















AVERAGE SOLD PRICE -2% 12% 1% -3%


TOTAL SFH SOLD -11% 20% -15% -13%




(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/santa-monica-real-estate

53

CONDOMINIUM SALES SANTA MONICA

MAY MARKET OVERVIEWIn Santa Monica there were 33 condominium sales in May 2014, down from 41 in May 2013 and a 25% decrease from the

44 sales closed last month. The average list price for condo sales in May 2014 was $979,630 compared to $1,030,634



which was $918,576. Comparing May 2014 to April 2014, Santa Monica saw a 4% increase in average sale price, but a 1%

decrease compared to same month of the prior year.




























(Source: MLS/CLAW)

54



The hilly neighborhood of Silverlake can be found east of Hollywood and northwest

of Downtown Los Angeles. Silverlake is the home of its namesake reservoir and its

reputable music scene. The community is both socioeconomically and ethnically

diverse bringing it tremendous character. Echo Park is one of Los Angeles’ most

long-established neighborhoods, finding its origin in the late 1880’s. Its rolling

hills and steep bluffs enrich this prime location featuring Craftsman-style homes,

Spanish-style bungalows, and modern architecture. This Eastside enclave is the

home to the annual Lotus Festival, the Cuban Festival, and historic Filipinotown as

well as many famous residents. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SILVERLAKE - ECHO PARK
























TOTAL SFH SOLD 4% -6% 43% 0%




(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/silver-lake-real-estate

55

CONDOMINIUM SALES SILVERLAKE - ECHO PARK

MAY MARKET OVERVIEWIn Silver Lake - Echo Park there were 34 single family home sales in May 2014, up from 32 in May 2013 and a 13% increase

from the 30 sales closed last month. The average list price for single family home sales in May 2014 was $958,409

compared to $713,806 for May 2013, representing a 34% increase. For the three-month period from March to May


$1,022,353, compared to that of March through May 2014, which was $895,771. Comparing May 2014 to April 2014, Silver

Lake - Echo Park saw a 21% increase in average sale price, and a 37% increase compared to same month of the prior year.




























(Source: MLS/CLAW)

56



The Sunset Strip is the world famous stretch of Sunset Boulevard in West

Hollwood that stretches from Hollywood to Beverly Hills. The Strip, which

includes Sunset Plaza, is known for its famous collection of shops and

boutiques, cafes and restaurants, rock joints, and night clubs. It is easily

idenifiable with its colorful collection of billboards and is located at the base of

the Hollywood Hills and is just below the famed “Bird Streets” – from Blue Jay,

Tanager and Thrush Ways to Nightingale, and Kinglet Drives - a favorite area of

A-List celebrities from Hollywood stars to the most well known international

music acts to call home. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SUNSET STRIP-HOLLYWOOD HILLS




















AVERAGE LIST PRICE 12% -3% 1% -5%


AVERAGE SOLD PRICE 11% -5% 2% -8%


TOTAL SFH SOLD -24% -67% 6% -14%




(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/sunset-strip-real-estate

57

CONDOMINIUM SALES SUNSET STRIP - HOLLYWOOD HILLS

MAY MARKET OVERVIEWIn Sunset Strip - Hollywood Hills West there were 35 single family home sales in May 2014, down from 49 in May 2013 and

a similar performance from the 35 sales closed last month. The average list price for single family home sales in May 2014

was $2,640,829 compared to $2,422,048 for May 2013, representing a 9% increase. For the three-month period from

March to May 2014, the average list price was 12% higher than the same period of the prior year. Average sales price for

May 2014 was $2,445,583, compared to that of March through May 2014, which was $2,268,927. Comparing May 2014 to

April 2014, Sunset Strip - Hollywood Hills West saw a 12% increase in average sale price, and a 4% increase compared to

same month of the prior year.



AVERAGE LIST PRICE PER SQUARE FOOT $556.32 $428.09 $1,515.76 $1,603.68


AVERAGE SOLD PRICE PER SQUARE FOOT $556.53 $427.19 $1,455.13 $1,653.28







AVERAGE LIST PRICE PER SQUARE FOOT $653.45 $410.62 $1,731.46 $2,090.31


AVERAGE SOLD PRICE PER SQUARE FOOT $634.95 $407.41 $1,633.97 $2,003.59







AVERAGE LIST PRICE PER SQUARE FOOT -15% 4% -12% -23%


AVERAGE SOLD PRICE PER SQUARE FOOT -12% 5% -11% -17%





(Source: MLS/CLAW)

58



Venice is a beachfront district on the Westside of Los Angeles, California,

known for its bungalows, cottages, condos and oceanfront properties. A

short walk from some of the finest and trendiest beachside restaurants and

bars in Los Angeles, Venice offers surfing, kayaking, boating, biking, boogie

boarding and outdoor summer concerts. The famous Venice Beach Strip and

Muscle Beach are a short walk away. With its variety of bungalows, cottages,

condos and oceanfront listings, Venice is an ideal retreat for family, friends

or couples, for work or play, and is one of Los Angeles’s most sought-after

neighborhoods. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

VENICE
























TOTAL SFH SOLD 10% -64% 23% 300%



AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -2% -2% -1% -1%

(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/venice-real-estate

59

CONDOMINIUM SALES VENICE

MAY MARKET OVERVIEWIn Venice there were 27 single family home sales in May 2014, up from 19 in May 2013 and a 200% increase from the 9

sales closed last month. The average list price for single family home sales in May 2014 was $1,789,404 compared to



compared to that of March through May 2014, which was $1,897,483. Comparing May 2014 to April 2014, Venice saw a

32% decrease in average sale price, but a 15% increase compared to same month of the prior year.




















AVERAGE LIST PRICE -6% 15% 7% 0%


AVERAGE SOLD PRICE -3% 18% 10% 0%


TOTAL CONDOS SOLD -41% 33% -57% 0%




(Source: MLS/CLAW)

60



West Hollywood is a thriving, diverse community on the leading edge of

culture, entertainment, and design - and is home to the internationally

reknown Pacific Design Center. Minutes away is the Hollywood Bowl, The

Greek Theatre, and The Getty Center. The uniquely compact city boasts the

Sunset Strip, Santa Monica Boulevard, Robertson, and Melrose; truly Los

Angeles’ Mecca for fashion, fine dining, unparalleled nightlife, and the world-

renowned entertainment industry. Incorporated in 1984, West Hollywood

has been instrumental since its start in achieving cultural, environmental,

and political breakthroughs. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

WEST HOLLYWOOD























AVERAGE SOLD PRICE PER SQUARE FOOT 11% -2% 12% -100%

TOTAL SFH SOLD -46% -71% -35% -100%



AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% -4% -1% -100%

(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/west-hollywood-real-estate

61

CONDOMINIUM SALES WEST HOLLYWOOD

MAY MARKET OVERVIEWIn West Hollywood Vicinity there were 35 condominium sales in May 2014, which is the same as May 2013 and a 3%

decrease from the 36 sales closed last month. The average list price for condo sales in May 2014 was $671,569 compared

to $570,251 for May 2013, representing an 18% increase. For the three-month period from March to May 2014, the


compared to that of March through May 2014, which was $672,801. Comparing May 2014 to April 2014, West Hollywood

Vicinity was flat in average sale price, but a 19% increase compared to same month of the prior year.




























(Source: MLS/CLAW)

62



Surrounded by Santa Monica, Beverly Hills, the ocean and the Santa Monica

Mountains is the city of West Los Angeles, known for its 1920s, mid-century

and contemporary architecture. With its rolling hills and proximity to the ocean,

West Los Angeles was originally developed as an upscale community and is

still considered one of the most desirable areas to live in Los Angeles today.

With its central location between Los Angeles and the ocean, West Los Angeles

has attracted a diverse range of commercial development to add to its 1920s

through mid-century and contemporary architecture. The area is home to some

of the world’s finest shopping. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

WEST LOS ANGELES
























TOTAL SFH SOLD -33% -45% 133% 0%




(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/west-los-angeles-real-estate

63

CONDOMINIUM SALES WEST LOS ANGELES

MAY MARKET OVERVIEWIn West Los Angeles there were 13 condominium sales in May 2014, down from 24 in May 2013 and a 38% decrease

from the 21 sales closed last month. The average list price for condo sales in May 2014 was $627,988 almost matching

$611,404 for May 2013. For the three-month period from March to May 2014, the average list price was 2% higher than

the same period of the prior year. Average sales price for May 2014 was $623,162, compared to that of March through

May 2014, which was $606,571. Comparing May 2014 to April 2014, West Los Angeles was flat in average sale price, but a

2% decrease compared to same month of the prior year.




























(Source: MLS/CLAW)

64



Westwood is a neighborhood in the northern central portion of the Westside

of Los Angeles, California, known for its condos, townhomes, California

bungalows and single-family homes. Westwood is the home of the University

of California, Los Angeles (UCLA), and is also a center for movie-going on

the Westside and the site of many movie premieres. Century City is a 176-

acre commercial and residential district on the Westside of the city of Los

Angeles. Century City is also an important business center. Many law firms

and executives, particularly those with ties to the film, television and music

industries, have offices there. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

WESTWOOD - CENTURY CITY


AVERAGE LIST PRICE $2,000,718 $1,050,000 $1,710,242 $4,108,000






















TOTAL SFH SOLD -15% -86% -13% 400%




(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/westwood---century-city-real-estate

65

CONDOMINIUM SALES WESTWOOD - CENTURY CITY

MAY MARKET OVERVIEWIn Westwood - Century City there were 44 condominium sales in May 2014, which is the same as May 2013 and a 10%

decrease from the 49 sales closed last month. The average list price for condo sales in May 2014 was $1,135,270

compared to $974,532 for May 2013, representing a 16% increase. For the three-month period from March to May

2014, the average list price was 40% higher than the same period of the prior year. Average sales price for May 2014


Westwood - Century City saw a 4% decrease in average sale price, but a 22% increase compared to same month of the

prior year.




























(Source: MLS/CLAW)

greater los angeles market update | 3-month ending may 2014

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