greater los angeles market update | q2 2014
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Greater Los Angeles Market UpdateSecond Quarter 2014
Beverly Hills | Brentwood | Los Feliz | MalibuPacific Palisades | Santa Monica | Sunset Strip sothebyshomes.com/losangeles
Malibu, CA | web: 0343499
To view our listings please visit sothebyshomes.com/losangeles
Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.
TABLE OF CONTENTS
MARKET AREA PGS.
FEATURED LISTINGS 4-5
Bel Air - Holmby Hills 6-7
Beverly Center - Miracle Mile 8-9
Beverly Hills 10-11
Beverly Hills Post Office 12-13
Beverlywood 14-15
Brentwood 16-17
Cheviot Hills - Rancho Park 18-19
Culver City 20-21
Downtown Los Angeles 22-23
Eagle Rock 24-25
Hancock Park 26-27
Hollywood 28-29
Hollywood Hills East 30-31
Los Feliz 32-33
Malibu 34-35
MARKET AREA PGS.
Malibu Beach 36-37
Marina Del Rey 38-39
Mid Los Angeles 40-41
Mid Wilshire 42-43
Mount Washington 44-45
Pacific Palisades 46-47
Palms - Mar Vista 48-49
Playa Del Rey 50-51
Playa Vista 52-53
Santa Monica 54-55
Silverlake - Echo Park 56-57
Sunset Strip - Hlwd Hills 58-59
Venice 60-61
West Hollywood 62-63
West Los Angeles 64-65
Westwood - Century City 66-67
M a s t e r p i e c e s i n t h e M a k i n g tM
new York +1 212 894 1400 | London +44 20 7293 6430 | hong kong +852 2822 8113 | sothebYsdiaMonds.coM
left to right from top to bottom:
METROPOLITAN MARKETS
HOUSTON, TX | Web: 1240193 | $3,349,000
NEW YORK, NY | Web: 0137209 | $3,300,000
LOS ANGELES, CA | Web: 0355159 | $3,695,000
RESORT MARKETS
EAST HAMPTON, NY | Web: 0046319 | $3,185,000
OSTERVILLE, MA | Web: 0402843 | $2,395,000
SANTA FE, NM | Web: 0574992 | $3,995,000
FOREIGN MARKETS
TURKS & CAICOS | Web: RH2HZL | $3,850,000
SPAIN | Web: VWMSEG | $3,651,914
CANADA | Web: KJPXGZ | $2,947,737
sothebysrealty.com
ON THE MARKET
FEATURED LISTINGS IN LOS ANGELES
MALIBU, CAWeb ID: 0172704 | $14,500,000
Extraordinary new construction, Neo-Classical
luxury estate in Malibu Park.
Malibu Brokerage
Shen Schulz | 310.980.8809
SUNSET STRIP, CAWeb ID: 0027025 | $5,450,000
You’ll feel on vacation in this warm contemporary
home with the ease of an island resort.
Beverly Hills Brokerage
Bennett Carr | 310.995.5251
LOS ANGELES, CAWeb ID: 0355159 | $3,695,000
Peaceful Mid-Century with rare breathtaking views
of the ocean, city, and canyon.
Brentwood Brokerage
Simon Beardmore | 310.892.6454
6
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)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $6,139,931 $867,000 $1,774,083 $10,335,667
AVERAGE LIST PRICE PER SQUARE FOOT $1,012.73 $590.20 $622.94 $1,185.28
AVERAGE SOLD PRICE $5,567,676 $802,500 $1,796,625 $9,219,873
AVERAGE SOLD PRICE PER SQUARE FOOT $958.45 $546.29 $630.86 $1,105.45
TOTAL SFH SOLD 29 2 12 15
TOTAL SFH FOR SALE AT END OF PERIOD 84 1 35 48
AVERAGE MONTHLY SUPPLY OF INVENTORY 8.7 1.5 8.8 9.6
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 91% 93% 101% 89%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $3,740,901 $828,250 $1,835,463 $8,851,133
AVERAGE LIST PRICE PER SQUARE FOOT $985.08 $431.44 $577.99 $1,485.09
AVERAGE SOLD PRICE $3,613,333 $797,111 $1,855,289 $8,397,000
AVERAGE SOLD PRICE PER SQUARE FOOT $951.49 $415.22 $584.23 $1,408.89
TOTAL SFH SOLD 51 8 28 15
TOTAL SFH FOR SALE AT END OF PERIOD 98 7 41 50
AVERAGE MONTHLY SUPPLY OF INVENTORY 5.8 2.6 4.4 10.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 96% 101% 95%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 64% 5% -3% 17%
AVERAGE LIST PRICE PER SQUARE FOOT 3% 37% 8% -20%
AVERAGE SOLD PRICE 54% 1% -3% 10%
AVERAGE SOLD PRICE PER SQUARE FOOT 1% 32% 8% -22%
TOTAL SFH SOLD -43% -75% -57% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -14% -86% -15% -4%
AVERAGE MONTHLY SUPPLY OF INVENTORY 51% -43% 99% -4%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -6% -4% 0% -6%
(Source: MLS/CLAW)
7
CONDOMINIUM SALES BEL AIR - HOLMBY HILLS
In Bel Air - Holmby Hills there were 11 single family home sales in June 2014, down from 18 in June 2013 and a 27%
decrease from the 15 sales closed last month. The average list price for single family home sales in June 2014 was
$4,147,727 compared to $3,651,553 for June 2013, representing a 14% increase. For the three-month period from April to
June 2014, the average list price was 64% higher than the same period of the prior year. Average sales price for June 2014
was $4,052,573, compared to that of April through June 2014, which was $5,567,676. Comparing June 2014 to May 2014,
Bel Air - Holmby Hills saw a 35% decrease in average sale price, but a 16% increase compared to same month of the
prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $385,000 $385,000 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $392.46 $392.46 $- $-
AVERAGE SOLD PRICE $365,000 $365,000 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $372.07 $372.07 $- $-
TOTAL CONDOS SOLD 1 1 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 95% 95% 0% 0%
CONDOSAPR - JUN 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 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 3 2 1 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 9.0 6.0 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 102% 0% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -36% -36% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 9% 9% 0% 0%
AVERAGE SOLD PRICE -40% -40% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 1% 1% 0% 0%
TOTAL CONDOS SOLD 0% 0% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -100% -100% -100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -100% -100% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -7% -7% 0% 0%
(Source: MLS/CLAW)
JUNE MARKET OVERVIEW
8
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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
SINGLE FAMILY HOMES (SFH)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,439,836 $800,000 $1,524,190 $3,100,000
AVERAGE LIST PRICE PER SQUARE FOOT $661.66 $569.80 $673.29 $-
AVERAGE SOLD PRICE $1,439,265 $796,519 $1,524,173 $3,100,000
AVERAGE SOLD PRICE PER SQUARE FOOT $662.11 $567.32 $674.11 $-
TOTAL SFH SOLD 50 8 41 1
TOTAL SFH FOR SALE AT END OF PERIOD 47 8 37 2
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.8 3.0 2.7 6.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 100% 100%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,250,664 $821,789 $1,482,257 $-
AVERAGE LIST PRICE PER SQUARE FOOT $577.70 $449.30 $638.47 $-
AVERAGE SOLD PRICE $1,241,287 $825,574 $1,465,773 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $574.16 $451.37 $632.28 $-
TOTAL SFH SOLD 77 27 50 -
TOTAL SFH FOR SALE AT END OF PERIOD 54 15 39 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.1 1.7 2.3 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 100% 99% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 15% -3% 3% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 15% 27% 5% 0%
AVERAGE SOLD PRICE 16% -4% 4% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 15% 26% 7% 0%
TOTAL SFH SOLD -35% -70% -18% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -13% -47% -5% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 34% 80% 16% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% -1% 1% 0%
(Source: MLS/CLAW)
9
CONDOMINIUM SALES
JUNE MARKET OVERVIEW
BEVERLY CENTER - MIRACLE MILE
In Beverly Center - Miracle Mile there were 16 single family home sales in June 2014, down from 25 in June 2013 and a 24% decrease from the 21 sales closed last month. The average list price for single family home sales in June 2014 was $1,433,869 compared to $1,300,268 for June 2013, representing a 10% increase. For the three-month period from April to June 2014, the average list price was 15% higher than the same period of the prior year. Average sales price for June 2014 was $1,443,219, compared to that of April through June 2014, which was $1,439,265. Comparing June 2014 to May 2014, Beverly Center - Miracle Mile saw a 2% increase in average sale price, and a 12% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $661,245 $624,586 $1,174,475 $-
AVERAGE LIST PRICE PER SQUARE FOOT $493.49 $476.69 $652.12 $-
AVERAGE SOLD PRICE $649,417 $613,661 $1,150,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $485.61 $469.42 $638.53 $-
TOTAL CONDOS SOLD 30 28 2 -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 98% 0%
CONDOSAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $583,214 $583,214 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $474.60 $474.60 $- $-
AVERAGE SOLD PRICE $577,429 $577,429 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $469.89 $469.89 $- $-
TOTAL CONDOS SOLD 14 14 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 18 18 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.9 3.9 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 0% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 13% 7% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 4% 0% 0% 0%
AVERAGE SOLD PRICE 12% 6% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 3% 0% 0% 0%
TOTAL CONDOS SOLD 114% 100% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -100% -100% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -100% -100% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% -1% 0% 0%
(Source: MLS/CLAW)
10
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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
SINGLE FAMILY HOMES (SFH)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $5,296,620 $- $2,068,696 $8,046,333
AVERAGE LIST PRICE PER SQUARE FOOT $1,283.32 $- $835.46 $1,485.00
AVERAGE SOLD PRICE $5,125,914 $- $2,092,226 $7,710,167
AVERAGE SOLD PRICE PER SQUARE FOOT $1,249.32 $- $844.96 $1,431.42
TOTAL SFH SOLD 50 - 23 27
TOTAL SFH FOR SALE AT END OF PERIOD 61 - 7 54
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.7 - 0.9 6.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 0% 101% 96%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $4,586,868 $- $1,854,164 $6,343,607
AVERAGE LIST PRICE PER SQUARE FOOT $1,142.10 $- $733.52 $1,269.16
AVERAGE SOLD PRICE $4,491,162 $- $1,890,349 $6,163,113
AVERAGE SOLD PRICE PER SQUARE FOOT $1,116.11 $- $740.10 $1,233.05
TOTAL SFH SOLD 46 - 18 28
TOTAL SFH FOR SALE AT END OF PERIOD 87 - 18 69
AVERAGE MONTHLY SUPPLY OF INVENTORY 5.7 - 3.0 7.4
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 0% 102% 97%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 15% 0% 12% 27%
AVERAGE LIST PRICE PER SQUARE FOOT 12% 0% 14% 17%
AVERAGE SOLD PRICE 14% 0% 11% 25%
AVERAGE SOLD PRICE PER SQUARE FOOT 12% 0% 14% 16%
TOTAL SFH SOLD 9% 0% 28% -4%
TOTAL SFH FOR SALE AT END OF PERIOD -30% 0% -61% -22%
AVERAGE MONTHLY SUPPLY OF INVENTORY -35% 0% -70% -19%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% 0% -1% -1%
(Source: MLS/CLAW)
11
CONDOMINIUM SALES
JUNE MARKET OVERVIEW
BEVERLY HILLS
In Beverly Hills there were 13 single family home sales in June 2014, up from 12 in June 2013 and a 28% decrease from the 18 sales closed last month. The average list price for single family home sales in June 2014 was $4,343,308 compared to $3,664,829 for June 2013, representing a 19% increase. For the three-month period from April to June 2014, the average list price was 15% higher than the same period of the prior year. Average sales price for June 2014 was $4,191,846, compared to that of April through June 2014, which was $5,125,914. Comparing June 2014 to May 2014, Beverly Hills saw a 34% decrease in average sale price, but a 14% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,156,273 $787,045 $1,590,659 $-
AVERAGE LIST PRICE PER SQUARE FOOT $631.02 $527.90 $722.67 $-
AVERAGE SOLD PRICE $1,135,741 $777,375 $1,557,347 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $619.03 $521.41 $705.79 $-
TOTAL CONDOS SOLD 37 20 17 -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 99% 98% 0%
CONDOSAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,449,275 $778,958 $1,329,714 $10,330,000
AVERAGE LIST PRICE PER SQUARE FOOT $767.11 $506.10 $598.07 $2,752.83
AVERAGE SOLD PRICE $1,328,466 $755,818 $1,278,500 $8,550,000
AVERAGE SOLD PRICE PER SQUARE FOOT $703.16 $491.07 $575.03 $2,278.48
TOTAL CONDOS SOLD 40 24 14 2
TOTAL CONDOS FOR SALE AT END OF PERIOD 36 26 8 2
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.7 3.3 1.7 3.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 92% 97% 96% 83%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -20% 1% 20% -100%
AVERAGE LIST PRICE PER SQUARE FOOT -18% 4% 21% -100%
AVERAGE SOLD PRICE -15% 3% 22% -100%
AVERAGE SOLD PRICE PER SQUARE FOOT -12% 6% 23% -100%
TOTAL CONDOS SOLD -8% -17% 21% -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 7% 2% 2% -100%
(Source: MLS/CLAW)
12
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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
SINGLE FAMILY HOMES (SFH)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $3,197,192 $854,750 $1,907,933 $6,496,461
AVERAGE LIST PRICE PER SQUARE FOOT $786.23 $536.57 $658.25 $982.21
AVERAGE SOLD PRICE $2,964,526 $849,750 $1,838,731 $5,866,817
AVERAGE SOLD PRICE PER SQUARE FOOT $749.14 $533.43 $634.37 $923.98
TOTAL SFH SOLD 43 4 26 13
TOTAL SFH FOR SALE AT END OF PERIOD 96 5 43 48
AVERAGE MONTHLY SUPPLY OF INVENTORY 6.7 3.8 5.0 11.1
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 93% 99% 96% 90%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $3,178,272 $773,921 $2,042,038 $6,318,857
AVERAGE LIST PRICE PER SQUARE FOOT $713.62 $417.88 $670.15 $790.50
AVERAGE SOLD PRICE $3,006,528 $768,667 $1,925,731 $5,972,806
AVERAGE SOLD PRICE PER SQUARE FOOT $676.76 $415.05 $630.77 $751.48
TOTAL SFH SOLD 46 6 26 14
TOTAL SFH FOR SALE AT END OF PERIOD 96 8 44 44
AVERAGE MONTHLY SUPPLY OF INVENTORY 6.3 4.0 5.1 9.4
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 95% 99% 94% 95%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 1% 10% -7% 3%
AVERAGE LIST PRICE PER SQUARE FOOT 10% 28% -2% 24%
AVERAGE SOLD PRICE -1% 11% -5% -2%
AVERAGE SOLD PRICE PER SQUARE FOOT 11% 29% 1% 23%
TOTAL SFH SOLD -7% -33% 0% -7%
TOTAL SFH FOR SALE AT END OF PERIOD 0% -38% -2% 9%
AVERAGE MONTHLY SUPPLY OF INVENTORY 7% -6% -2% 17%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -2% 0% 2% -4%
(Source: MLS/CLAW)
13
CONDOMINIUM SALES
JUNE MARKET OVERVIEW
BEVERLY HILLS POST OFFICE
In Beverly Hills Post Office there were 11 single family home sales in June 2014, down from 14 in June 2013 and a 27%
decrease from the 15 sales closed last month. The average list price for single family home sales in June 2014 was
$2,558,750 compared to $2,831,966 for June 2013, representing a 10% decrease. For the three-month period from April
to June 2014, the average list price was 1% higher than the same period of the prior year. Average sales price for June
2014 was $2,461,364, compared to that of April through June 2014, which was $2,964,526. Comparing June 2014 to May
2014, Beverly Hills Post Office saw a 13% increase in average sale price, but a 9% decrease compared to same month of
the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 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 - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
CONDOSAPR - JUN 2013 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 - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 0% 0% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 0% 0% 0% 0%
AVERAGE SOLD PRICE 0% 0% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 0% 0% 0% 0%
TOTAL CONDOS SOLD 0% 0% 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 0% 0% 0% 0%
(Source: MLS/CLAW)
14
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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
SINGLE FAMILY HOMES (SFH)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,109,687 $745,334 $1,580,310 $-
AVERAGE LIST PRICE PER SQUARE FOOT $588.55 $501.64 $658.01 $-
AVERAGE SOLD PRICE $1,104,034 $743,968 $1,569,120 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $585.55 $500.72 $653.35 $-
TOTAL SFH SOLD 55 31 24 -
TOTAL SFH FOR SALE AT END OF PERIOD 41 21 20 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.2 2.0 2.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 100% 99% 0%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $873,403 $675,333 $1,616,166 $-
AVERAGE LIST PRICE PER SQUARE FOOT $487.67 $468.99 $520.14 $-
AVERAGE SOLD PRICE $862,509 $670,600 $1,582,167 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $481.59 $465.70 $509.20 $-
TOTAL SFH SOLD 57 45 12 -
TOTAL SFH FOR SALE AT END OF PERIOD 57 35 22 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.0 2.3 5.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 98% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 27% 10% -2% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 21% 7% 27% 0%
AVERAGE SOLD PRICE 28% 11% -1% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 22% 8% 28% 0%
TOTAL SFH SOLD -4% -31% 100% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -28% -40% -9% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -25% -13% -55% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 1% 1% 0%
(Source: MLS/CLAW)
15
CONDOMINIUM SALES BEVERLYWOOD
JUNE MARKET OVERVIEWIn Beverlywood there were 15 single family home sales in June 2014, down from 27 in June 2013 and a 17% decrease from the 18 sales closed last month. The average list price for single family home sales in June 2014 was $1,090,463 compared to $941,518 for June 2013, representing a 16% increase. For the three-month period from April to June 2014, the average list price was 27% higher than the same period of the prior year. Average sales price for June 2014 was $1,095,367, compared to that of April through June 2014, which was $1,104,034. Comparing June 2014 to May 2014, Beverlywood saw a 10% increase in average sale price, and a 19% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $697,022 $638,906 $1,685,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $496.12 $481.91 $612.50 $-
AVERAGE SOLD PRICE $686,705 $632,981 $1,600,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $488.78 $477.45 $581.61 $-
TOTAL CONDOS SOLD 18 17 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 95% 0%
CONDOSAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $615,615 $510,727 $1,192,500 $-
AVERAGE LIST PRICE PER SQUARE FOOT $416.11 $388.87 $498.33 $-
AVERAGE SOLD PRICE $624,846 $519,364 $1,205,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $422.35 $395.45 $503.55 $-
TOTAL CONDOS SOLD 13 11 2 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 15 14 1 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.5 3.8 1.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 102% 101% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 13% 25% 41% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 19% 24% 23% 0%
AVERAGE SOLD PRICE 10% 22% 33% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 16% 21% 16% 0%
TOTAL CONDOS SOLD 38% 55% -50% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -100% -100% -100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -100% -100% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -3% -3% -6% 0%
(Source: MLS/CLAW)
16
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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
SINGLE FAMILY HOMES (SFH)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $4,187,475 $798,000 $2,028,008 $7,316,357
AVERAGE LIST PRICE PER SQUARE FOOT $1,055.77 $884.70 $761.68 $1,241.81
AVERAGE SOLD PRICE $3,917,075 $798,000 $2,003,872 $6,693,288
AVERAGE SOLD PRICE PER SQUARE FOOT $987.59 $884.70 $752.62 $1,136.06
TOTAL SFH SOLD 68 1 39 28
TOTAL SFH FOR SALE AT END OF PERIOD 69 - 30 39
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.0 - 2.3 4.2
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 94% 100% 99% 91%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,967,375 $880,000 $2,010,510 $4,745,778
AVERAGE LIST PRICE PER SQUARE FOOT $878.23 $596.21 $790.02 $959.24
AVERAGE SOLD PRICE $2,892,679 $970,000 $1,949,408 $4,640,817
AVERAGE SOLD PRICE PER SQUARE FOOT $854.94 $657.18 $763.24 $938.06
TOTAL SFH SOLD 76 1 48 27
TOTAL SFH FOR SALE AT END OF PERIOD 101 1 57 43
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.0 3.0 3.6 4.8
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 110% 97% 98%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 41% -9% 1% 54%
AVERAGE LIST PRICE PER SQUARE FOOT 20% 48% -4% 29%
AVERAGE SOLD PRICE 35% -18% 3% 44%
AVERAGE SOLD PRICE PER SQUARE FOOT 16% 35% -1% 21%
TOTAL SFH SOLD -11% 0% -19% 4%
TOTAL SFH FOR SALE AT END OF PERIOD -32% -100% -47% -9%
AVERAGE MONTHLY SUPPLY OF INVENTORY -24% -100% -35% -13%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -4% -9% 2% -6%
(Source: MLS/CLAW)
17
CONDOMINIUM SALES BRENTWOOD
JUNE MARKET OVERVIEWIn Brentwood there were 28 single family home sales in June 2014, up from 27 in June 2013 and a 17% increase from the 24 sales closed last month. The average list price for single family home sales in June 2014 was $3,403,179 compared to $2,844,481 for June 2013, representing a 20% increase. For the three-month period from April to June 2014, the average list price was 41% higher than the same period of the prior year. Average sales price for June 2014 was $3,270,107, compared to that of April through June 2014, which was $3,917,075. Comparing June 2014 to May 2014, Brentwood saw a 35% decrease in average sale price, but a 14% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $743,759 $631,787 $1,232,364 $-
AVERAGE LIST PRICE PER SQUARE FOOT $514.49 $505.42 $536.02 $-
AVERAGE SOLD PRICE $737,643 $629,040 $1,211,545 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $510.26 $503.22 $526.97 $-
TOTAL CONDOS SOLD 59 48 11 -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 100% 98% 0%
CONDOSAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $784,035 $617,142 $1,553,800 $3,100,000
AVERAGE LIST PRICE PER SQUARE FOOT $508.03 $473.91 $580.01 $666.67
AVERAGE SOLD PRICE $786,045 $623,319 $1,531,000 $3,100,000
AVERAGE SOLD PRICE PER SQUARE FOOT $509.33 $478.65 $571.50 $666.67
TOTAL CONDOS SOLD 71 60 10 1
TOTAL CONDOS FOR SALE AT END OF PERIOD 57 43 14 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.4 2.2 4.2 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 101% 99% 100%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -5% 2% -21% -100%
AVERAGE LIST PRICE PER SQUARE FOOT 1% 7% -8% -100%
AVERAGE SOLD PRICE -6% 1% -21% -100%
AVERAGE SOLD PRICE PER SQUARE FOOT 0% 5% -8% -100%
TOTAL CONDOS SOLD -17% -20% 10% -100%
TOTAL CONDOS FOR SALE AT END OF PERIOD -100% -100% -100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -100% -100% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% -1% 0% -100%
(Source: MLS/CLAW)
18
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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
SINGLE FAMILY HOMES (SFH)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,758,407 $914,333 $1,537,429 $4,149,333
AVERAGE LIST PRICE PER SQUARE FOOT $934.82 $595.79 $760.08 $3,112.00
AVERAGE SOLD PRICE $1,796,111 $926,667 $1,586,905 $4,130,000
AVERAGE SOLD PRICE PER SQUARE FOOT $952.96 $603.82 $782.54 $3,097.50
TOTAL SFH SOLD 27 3 21 3
TOTAL SFH FOR SALE AT END OF PERIOD 14 2 9 3
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.6 2.0 1.3 3.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 101% 103% 100%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,388,828 $677,180 $1,537,087 $-
AVERAGE LIST PRICE PER SQUARE FOOT $607.52 $519.79 $617.08 $-
AVERAGE SOLD PRICE $1,414,476 $664,505 $1,570,720 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $618.74 $510.06 $630.58 $-
TOTAL SFH SOLD 29 5 24 -
TOTAL SFH FOR SALE AT END OF PERIOD 33 2 29 2
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.4 1.2 3.6 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 98% 102% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 27% 35% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 54% 15% 23% 0%
AVERAGE SOLD PRICE 27% 39% 1% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 54% 18% 24% 0%
TOTAL SFH SOLD -7% -40% -13% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -58% 0% -69% 50%
AVERAGE MONTHLY SUPPLY OF INVENTORY -54% 67% -65% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 3% 1% 0%
(Source: MLS/CLAW)
19
CONDOMINIUM SALES CHEVIOT HILLS - RANCHO PARK
JUNE MARKET OVERVIEWIn Cheviot Hills - Rancho Park there were 11 single family home sales in June 2014, down from 15 in June 2013 and a 38% increase from the 8 sales closed last month. The average list price for single family home sales in June 2014 was $1,906,545 compared to $1,525,860 for June 2013, representing a 25% increase. For the three-month period from April to June 2014, the average list price was 27% higher than the same period of the prior year. Average sales price for June 2014 was $1,924,909, compared to that of April through June 2014, which was $1,796,111. Comparing June 2014 to May 2014, Cheviot Hills - Rancho Park saw a 20% increase in average sale price, and a 26% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 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 - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
CONDOSAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $199,000 $199,000 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $269.28 $269.28 $- $-
AVERAGE SOLD PRICE $260,000 $260,000 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $351.83 $351.83 $- $-
TOTAL CONDOS SOLD 1 1 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 131% 131% 0% 0%
CONDOSJUN/JUN 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)
20
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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
SINGLE FAMILY HOMES (SFH)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $884,836 $765,244 $1,227,667 $-
AVERAGE LIST PRICE PER SQUARE FOOT $546.93 $533.06 $573.59 $-
AVERAGE SOLD PRICE $917,443 $791,132 $1,279,533 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $567.08 $551.10 $597.82 $-
TOTAL SFH SOLD 58 43 15 -
TOTAL SFH FOR SALE AT END OF PERIOD 28 19 9 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.4 1.3 1.8 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 104% 103% 104% 0%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $718,841 $685,811 $1,164,750 $-
AVERAGE LIST PRICE PER SQUARE FOOT $489.43 $499.24 $423.31 $-
AVERAGE SOLD PRICE $738,198 $706,102 $1,171,500 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $502.61 $514.01 $425.77 $-
TOTAL SFH SOLD 58 54 4 -
TOTAL SFH FOR SALE AT END OF PERIOD 49 41 8 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.5 2.3 6.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 103% 103% 101% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 23% 12% 5% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 12% 7% 35% 0%
AVERAGE SOLD PRICE 24% 12% 9% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 13% 7% 40% 0%
TOTAL SFH SOLD 0% -20% 275% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -43% -54% 13% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -43% -42% -70% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 0% 4% 0%
(Source: MLS/CLAW)
21
CONDOMINIUM SALES CULVER CITY
JUNE MARKET OVERVIEWIn Culver City there were 16 single family home sales in June 2014, down from 19 in June 2013 and a 6% decrease from the 17 sales closed last month. The average list price for single family home sales in June 2014 was $921,606 compared to $758,632 for June 2013, representing a 21% increase. For the three-month period from April to June 2014, the average list price was 23% higher than the same period of the prior year. Average sales price for June 2014 was $946,438, compared to that of April through June 2014, which was $917,443. Comparing June 2014 to May 2014, Culver City saw a 12% increase in average sale price, and a 20% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $426,211 $426,211 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $392.39 $392.39 $- $-
AVERAGE SOLD PRICE $428,988 $428,988 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $394.85 $394.85 $- $-
TOTAL CONDOS SOLD 60 60 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 101% 0% 0%
CONDOSAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $382,898 $382,898 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $328.00 $328.00 $- $-
AVERAGE SOLD PRICE $395,665 $395,665 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $339.01 $339.01 $- $-
TOTAL CONDOS SOLD 63 63 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 44 44 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.1 2.1 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 103% 103% 0% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 11% 11% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 20% 20% 0% 0%
AVERAGE SOLD PRICE 8% 8% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 16% 16% 0% 0%
TOTAL CONDOS SOLD -5% -5% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -100% -100% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -100% -100% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -3% -3% 0% 0%
(Source: MLS/CLAW)
22
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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
SINGLE FAMILY HOMES (SFH)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $275,227 $275,227 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $191.58 $191.58 $- $-
AVERAGE SOLD PRICE $280,297 $280,297 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $195.11 $195.11 $- $-
TOTAL SFH SOLD 30 30 - -
TOTAL SFH FOR SALE AT END OF PERIOD 21 19 1 1
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.1 1.9 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 102% 0% 0%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $255,311 $255,311 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $177.05 $177.05 $- $-
AVERAGE SOLD PRICE $250,280 $250,280 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $173.56 $173.56 $- $-
TOTAL SFH SOLD 36 36 - -
TOTAL SFH FOR SALE AT END OF PERIOD 44 44 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.7 3.7 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 0% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 8% 8% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 8% 8% 0% 0%
AVERAGE SOLD PRICE 12% 12% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 12% 12% 0% 0%
TOTAL SFH SOLD -17% -17% 0% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -52% -57% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -43% -48% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 4% 4% 0% 0%
(Source: MLS/CLAW)
23
CONDOMINIUM SALES DOWNTOWN LOS ANGELES
JUNE MARKET OVERVIEWIn Downtown L.A. there were 39 condominium sales in June 2014, up from 37 in June 2013 and a 29% decrease from the 55 sales closed last month. The average list price for condo sales in June 2014 was $552,765 compared to $601,186 for June 2013, representing an 8% decrease. For the three-month period from April to June 2014, the average list price was 10% lower than the same period of the prior year. Average sales price for June 2014 was $545,545, compared to that of April through June 2014, which was $606,914. Comparing June 2014 to May 2014, Downtown L.A. saw a 12% decrease in average sale price, and a 7% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $614,275 $551,751 $1,496,556 $-
AVERAGE LIST PRICE PER SQUARE FOOT $539.03 $525.24 $624.35 $-
AVERAGE SOLD PRICE $606,914 $547,238 $1,449,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $532.57 $520.94 $604.51 $-
TOTAL CONDOS SOLD 136 127 9 -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 97% 0%
CONDOSAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $680,688 $484,857 $1,843,438 $-
AVERAGE LIST PRICE PER SQUARE FOOT $543.77 $449.15 $810.37 $-
AVERAGE SOLD PRICE $657,572 $480,373 $1,709,688 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $525.30 $444.99 $751.57 $-
TOTAL CONDOS SOLD 111 95 16 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 138 114 18 6
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.7 3.6 3.4 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 99% 93% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -10% 14% -19% 0%
AVERAGE LIST PRICE PER SQUARE FOOT -1% 17% -23% 0%
AVERAGE SOLD PRICE -8% 14% -15% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 1% 17% -20% 0%
TOTAL CONDOS SOLD 23% 34% -44% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -100% -100% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -100% -100% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 2% 0% 4% 0%
(Source: MLS/CLAW)
24
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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
SINGLE FAMILY HOMES (SFH)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $641,342 $630,364 $1,289,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $422.16 $420.81 $464.34 $-
AVERAGE SOLD PRICE $646,712 $637,140 $1,211,500 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $426.55 $426.23 $436.42 $-
TOTAL SFH SOLD 60 59 1 -
TOTAL SFH FOR SALE AT END OF PERIOD 31 28 3 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.6 1.4 9.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 101% 94% 0%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $568,566 $568,566 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $381.03 $381.03 $- $-
AVERAGE SOLD PRICE $584,789 $584,789 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $391.90 $391.90 $- $-
TOTAL SFH SOLD 46 46 - -
TOTAL SFH FOR SALE AT END OF PERIOD 38 35 3 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.5 2.3 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 103% 103% 0% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 13% 11% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 11% 10% 0% 0%
AVERAGE SOLD PRICE 11% 9% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 9% 9% 0% 0%
TOTAL SFH SOLD 30% 28% 0% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -18% -20% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -37% -38% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -2% -2% 0% 0%
(Source: MLS/CLAW)
25
CONDOMINIUM SALES EAGLE ROCK
JUNE MARKET OVERVIEWIn Eagle Rock there were 13 single family home sales in June 2014, which is the same as June 2013 and a 41% decrease from the 22 sales closed last month. The average list price for single family home sales in June 2014 was $691,608 compared to $538,974 for June 2013, representing a 28% increase. For the three-month period from April to June 2014, the average list price was 13% higher than the same period of the prior year. Average sales price for June 2014 was $703,115, compared to that of April through June 2014, which was $646,712. Comparing June 2014 to May 2014, Eagle Rock saw a 11% increase in average sale price, and a 25% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $369,000 $369,000 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $239.77 $239.77 $- $-
AVERAGE SOLD PRICE $370,000 $370,000 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $240.42 $240.42 $- $-
TOTAL CONDOS SOLD 1 1 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 0% 0%
CONDOSAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $294,000 $294,000 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $251.50 $251.50 $- $-
AVERAGE SOLD PRICE $298,500 $298,500 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $255.35 $255.35 $- $-
TOTAL CONDOS SOLD 2 2 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 1 1 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.5 1.5 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 102% 0% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 26% 26% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT -5% -5% 0% 0%
AVERAGE SOLD PRICE 24% 24% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT -6% -6% 0% 0%
TOTAL CONDOS SOLD -50% -50% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -100% -100% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -100% -100% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% -1% 0% 0%
(Source: MLS/CLAW)
26
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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
SINGLE FAMILY HOMES (SFH)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,750,507 $791,276 $1,716,350 $5,352,000
AVERAGE LIST PRICE PER SQUARE FOOT $623.07 $423.18 $632.25 $805.19
AVERAGE SOLD PRICE $1,702,074 $787,820 $1,675,987 $5,101,429
AVERAGE SOLD PRICE PER SQUARE FOOT $606.88 $421.33 $619.55 $767.49
TOTAL SFH SOLD 68 25 36 7
TOTAL SFH FOR SALE AT END OF PERIOD 84 28 40 16
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.7 3.4 3.3 6.9
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 100% 98% 95%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,532,625 $798,478 $1,543,404 $4,760,833
AVERAGE LIST PRICE PER SQUARE FOOT $561.24 $401.61 $569.24 $754.35
AVERAGE SOLD PRICE $1,519,222 $806,315 $1,538,456 $4,592,667
AVERAGE SOLD PRICE PER SQUARE FOOT $556.44 $406.28 $567.42 $727.70
TOTAL SFH SOLD 75 27 42 6
TOTAL SFH FOR SALE AT END OF PERIOD 86 27 39 20
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.4 3.0 2.8 10.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 101% 100% 96%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 14% -1% 11% 12%
AVERAGE LIST PRICE PER SQUARE FOOT 11% 5% 11% 7%
AVERAGE SOLD PRICE 12% -2% 9% 11%
AVERAGE SOLD PRICE PER SQUARE FOOT 9% 4% 9% 5%
TOTAL SFH SOLD -9% -7% -14% 17%
TOTAL SFH FOR SALE AT END OF PERIOD -2% 4% 3% -20%
AVERAGE MONTHLY SUPPLY OF INVENTORY 8% 12% 20% -31%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -2% -1% -2% -1%
(Source: MLS/CLAW)
27
CONDOMINIUM SALES HANCOCK PARK
JUNE MARKET OVERVIEWIn Hancock Park - Wilshire there were 22 single family home sales in June 2014, down from 28 in June 2013 and a 12% decrease from the 25 sales closed last month. The average list price for single family home sales in June 2014 was $2,046,650 compared to $1,500,211 for June 2013, representing a 36% increase. For the three-month period from April to June 2014, the average list price was 14% higher than the same period of the prior year. Average sales price for June 2014 was $1,984,227, compared to that of April through June 2014, which was $1,702,074. Comparing June 2014 to May 2014, Hancock Park - Wilshire saw a 18% increase in average sale price, and a 32% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $581,856 $501,558 $1,786,333 $-
AVERAGE LIST PRICE PER SQUARE FOOT $447.57 $411.38 $711.03 $-
AVERAGE SOLD PRICE $573,685 $494,153 $1,766,667 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $441.29 $405.31 $703.20 $-
TOTAL CONDOS SOLD 48 45 3 -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 99% 0%
CONDOSAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $491,535 $456,791 $1,447,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $388.78 $374.24 $586.54 $-
AVERAGE SOLD PRICE $482,226 $448,398 $1,412,500 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $381.41 $367.36 $572.56 $-
TOTAL CONDOS SOLD 57 55 2 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 78 73 5 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.1 4.0 7.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 98% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 18% 10% 23% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 15% 10% 21% 0%
AVERAGE SOLD PRICE 19% 10% 25% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 16% 10% 23% 0%
TOTAL CONDOS SOLD -16% -18% 50% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -100% -100% -100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -100% -100% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 1% 0%
(Source: MLS/CLAW)
28
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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
SINGLE FAMILY HOMES (SFH)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,067,805 $686,790 $1,414,182 $-
AVERAGE LIST PRICE PER SQUARE FOOT $560.74 $474.63 $609.56 $-
AVERAGE SOLD PRICE $1,046,253 $695,818 $1,364,831 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $549.42 $480.87 $588.29 $-
TOTAL SFH SOLD 21 10 11 -
TOTAL SFH FOR SALE AT END OF PERIOD 28 22 5 1
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.0 6.6 1.4 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 101% 97% 0%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $672,231 $570,729 $1,535,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $476.44 $426.50 $756.34 $-
AVERAGE SOLD PRICE $677,421 $581,235 $1,495,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $480.12 $434.35 $736.63 $-
TOTAL SFH SOLD 19 17 2 -
TOTAL SFH FOR SALE AT END OF PERIOD 25 22 3 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.9 3.9 4.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 102% 97% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 59% 20% -8% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 18% 11% -19% 0%
AVERAGE SOLD PRICE 54% 20% -9% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 14% 11% -20% 0%
TOTAL SFH SOLD 11% -41% 450% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 12% 0% 67% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 1% 70% -70% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -3% -1% -1% 0%
(Source: MLS/CLAW)
29
CONDOMINIUM SALES HOLLYWOOD
JUNE MARKET OVERVIEWIn Hollywood there were 18 condominium sales in June 2014, up from 10 in June 2013 and a 50% increase from the 12 sales closed last month. The average list price for condo sales in June 2014 was $640,083 compared to $602,700 for June 2013, representing a 6% increase. For the three-month period from April to June 2014, the average list price was 26% higher than the same period of the prior year. Average sales price for June 2014 was $635,028, compared to that of April through June 2014, which was $704,126. Comparing June 2014 to May 2014, Hollywood saw a 32% decrease in average sale price, but a 6% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $720,879 $534,695 $1,548,361 $-
AVERAGE LIST PRICE PER SQUARE FOOT $555.30 $479.54 $728.60 $-
AVERAGE SOLD PRICE $704,126 $528,898 $1,482,917 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $542.39 $474.45 $697.81 $-
TOTAL CONDOS SOLD 49 40 9 -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 99% 96% 0%
CONDOSAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $571,131 $534,065 $1,349,500 $-
AVERAGE LIST PRICE PER SQUARE FOOT $449.62 $429.66 $723.59 $-
AVERAGE SOLD PRICE $571,352 $534,298 $1,349,500 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $449.80 $429.85 $723.59 $-
TOTAL CONDOS SOLD 44 42 2 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 41 31 8 2
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.8 2.2 12.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 100% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 26% 0% 15% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 24% 12% 1% 0%
AVERAGE SOLD PRICE 23% -1% 10% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 21% 10% -4% 0%
TOTAL CONDOS SOLD 11% -5% 350% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -100% -100% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -100% -100% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -2% -1% -4% 0%
(Source: MLS/CLAW)
30
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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
SINGLE FAMILY HOMES (SFH)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,204,513 $840,786 $1,321,083 $3,499,000
AVERAGE LIST PRICE PER SQUARE FOOT $557.41 $559.30 $536.72 $841.92
AVERAGE SOLD PRICE $1,194,341 $808,571 $1,320,178 $3,575,000
AVERAGE SOLD PRICE PER SQUARE FOOT $552.70 $537.87 $536.35 $860.20
TOTAL SFH SOLD 39 14 24 1
TOTAL SFH FOR SALE AT END OF PERIOD 44 8 34 2
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.4 1.7 4.3 6.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 96% 100% 102%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,130,704 $806,453 $1,504,762 $4,300,000
AVERAGE LIST PRICE PER SQUARE FOOT $473.38 $439.20 $485.32 $699.19
AVERAGE SOLD PRICE $1,119,215 $800,137 $1,503,398 $3,900,000
AVERAGE SOLD PRICE PER SQUARE FOOT $468.19 $435.76 $484.28 $634.15
TOTAL SFH SOLD 56 34 21 1
TOTAL SFH FOR SALE AT END OF PERIOD 73 29 41 3
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.9 2.6 5.9 9.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 100% 91%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 7% 4% -12% -19%
AVERAGE LIST PRICE PER SQUARE FOOT 18% 27% 11% 20%
AVERAGE SOLD PRICE 7% 1% -12% -8%
AVERAGE SOLD PRICE PER SQUARE FOOT 18% 23% 11% 36%
TOTAL SFH SOLD -30% -59% 14% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -40% -72% -17% -33%
AVERAGE MONTHLY SUPPLY OF INVENTORY -13% -33% -27% -33%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% -3% 0% 13%
(Source: MLS/CLAW)
31
CONDOMINIUM SALES HOLLYWOOD HILLS EAST
JUNE MARKET OVERVIEWIn Hollywood Hills East there were 15 single family home sales in June 2014, down from 23 in June 2013 and a 15% increase from the 13 sales closed last month. The average list price for single family home sales in June 2014 was $1,297,533 compared to $1,093,691 for June 2013, representing a 19% increase. For the three-month period from April to June 2014, the average list price was 7% higher than the same period of the prior year. Average sales price for June 2014 was $1,292,577, compared to that of April through June 2014, which was $1,194,341. Comparing June 2014 to May 2014, Hollywood Hills East saw a 12% increase in average sale price, and a 15% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $421,725 $421,725 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $403.71 $403.71 $- $-
AVERAGE SOLD PRICE $417,063 $417,063 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $399.25 $399.25 $- $-
TOTAL CONDOS SOLD 8 8 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 0% 0%
CONDOSAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $432,990 $432,990 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $332.81 $332.81 $- $-
AVERAGE SOLD PRICE $425,050 $425,050 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $326.71 $326.71 $- $-
TOTAL CONDOS SOLD 10 10 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 4 4 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.2 1.2 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 0% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -3% -3% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 21% 21% 0% 0%
AVERAGE SOLD PRICE -2% -2% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 22% 22% 0% 0%
TOTAL CONDOS SOLD -20% -20% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -100% -100% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -100% -100% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 1% 0% 0%
(Source: MLS/CLAW)
32
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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.
CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
LOS FELIZ
SINGLE FAMILY HOMES (SFH)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,469,526 $738,080 $1,677,581 $3,438,750
AVERAGE LIST PRICE PER SQUARE FOOT $631.29 $521.31 $619.97 $948.82
AVERAGE SOLD PRICE $1,476,705 $747,004 $1,682,983 $3,455,000
AVERAGE SOLD PRICE PER SQUARE FOOT $634.46 $528.41 $621.97 $953.30
TOTAL SFH SOLD 70 23 43 4
TOTAL SFH FOR SALE AT END OF PERIOD 67 13 46 8
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.9 1.7 3.2 6.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 101% 100% 100%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,181,680 $715,814 $1,595,827 $4,338,500
AVERAGE LIST PRICE PER SQUARE FOOT $510.83 $454.87 $520.26 $750.74
AVERAGE SOLD PRICE $1,185,374 $717,508 $1,607,908 $4,250,000
AVERAGE SOLD PRICE PER SQUARE FOOT $512.42 $455.95 $524.20 $735.42
TOTAL SFH SOLD 76 42 32 2
TOTAL SFH FOR SALE AT END OF PERIOD 87 32 42 13
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.4 2.3 3.9 19.5
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 101% 98%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 24% 3% 5% -21%
AVERAGE LIST PRICE PER SQUARE FOOT 24% 15% 19% 26%
AVERAGE SOLD PRICE 25% 4% 5% -19%
AVERAGE SOLD PRICE PER SQUARE FOOT 24% 16% 19% 30%
TOTAL SFH SOLD -8% -45% 34% 100%
TOTAL SFH FOR SALE AT END OF PERIOD -23% -59% 10% -38%
AVERAGE MONTHLY SUPPLY OF INVENTORY -16% -26% -18% -69%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 1% 0% 3%
(Source: MLS/CLAW)
33
CONDOMINIUM SALES LOS FELIZ
JUNE MARKET OVERVIEWIn Los Feliz there were 24 single family home sales in June 2014, down from 29 in June 2013 and a 14% decrease from the 28 sales closed last month. The average list price for single family home sales in June 2014 was $1,562,542 compared to $1,212,926 for June 2013, representing a 29% increase. For the three-month period from April to June 2014, the average list price was 24% higher than the same period of the prior year. Average sales price for June 2014 was $1,546,229, compared to that of April through June 2014, which was $1,476,705. Comparing June 2014 to May 2014, Los Feliz saw a 17% increase in average sale price, and a 28% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $488,272 $488,272 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $432.95 $432.95 $- $-
AVERAGE SOLD PRICE $505,556 $505,556 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $448.28 $448.28 $- $-
TOTAL CONDOS SOLD 9 9 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 104% 104% 0% 0%
CONDOSAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $387,650 $387,650 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $398.20 $398.20 $- $-
AVERAGE SOLD PRICE $403,333 $403,333 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $414.31 $414.31 $- $-
TOTAL CONDOS SOLD 6 6 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 6 5 1 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.0 2.5 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 104% 104% 0% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 26% 26% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 9% 9% 0% 0%
AVERAGE SOLD PRICE 25% 25% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 8% 8% 0% 0%
TOTAL CONDOS SOLD 50% 50% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -100% -100% -100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -100% -100% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
(Source: MLS/CLAW)
34
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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
SINGLE FAMILY HOMES (SFH)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,829,640 $839,475 $2,091,529 $4,618,875
AVERAGE LIST PRICE PER SQUARE FOOT $779.34 $363.29 $751.11 $854.02
AVERAGE SOLD PRICE $2,680,810 $840,625 $1,972,834 $4,379,813
AVERAGE SOLD PRICE PER SQUARE FOOT $741.02 $363.79 $712.95 $810.90
TOTAL SFH SOLD 48 4 28 16
TOTAL SFH FOR SALE AT END OF PERIOD 172 3 80 89
AVERAGE MONTHLY SUPPLY OF INVENTORY 10.8 2.3 8.6 16.7
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 95% 100% 94% 95%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,461,673 $858,250 $1,972,255 $6,778,800
AVERAGE LIST PRICE PER SQUARE FOOT $727.45 $326.45 $604.34 $1,393.78
AVERAGE SOLD PRICE $2,350,183 $858,750 $1,891,042 $6,390,000
AVERAGE SOLD PRICE PER SQUARE FOOT $696.10 $326.65 $581.72 $1,313.84
TOTAL SFH SOLD 40 4 31 5
TOTAL SFH FOR SALE AT END OF PERIOD 196 13 88 95
AVERAGE MONTHLY SUPPLY OF INVENTORY 14.7 9.8 8.5 57.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 95% 100% 96% 94%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 15% -2% 6% -32%
AVERAGE LIST PRICE PER SQUARE FOOT 7% 11% 24% -39%
AVERAGE SOLD PRICE 14% -2% 4% -31%
AVERAGE SOLD PRICE PER SQUARE FOOT 6% 11% 23% -38%
TOTAL SFH SOLD 20% 0% -10% 220%
TOTAL SFH FOR SALE AT END OF PERIOD -12% -77% -9% -6%
AVERAGE MONTHLY SUPPLY OF INVENTORY -27% -77% 1% -71%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% 0% -2% 1%
(Source: MLS/CLAW)
35
CONDOMINIUM SALES MALIBU
JUNE MARKET OVERVIEWIn Malibu there were 14 single family home sales in June 2014, down from 19 in June 2013 and a 22% decrease from the 18 sales closed last month. The average list price for single family home sales in June 2014 was $2,670,986 compared to $3,062,626 for June 2013, representing a 13% decrease. For the three-month period from April to June 2014, the average list price was 15% higher than the same period of the prior year. Average sales price for June 2014 was $2,516,240, compared to that of April through June 2014, which was $2,680,810. Comparing June 2014 to May 2014, Malibu saw a 13% decrease in average sale price, and a 13% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $967,009 $827,017 $1,107,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $626.76 $608.66 $641.00 $-
AVERAGE SOLD PRICE $912,813 $769,375 $1,056,250 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $591.63 $566.24 $611.61 $-
TOTAL CONDOS SOLD 8 4 4 -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 94% 93% 95% 0%
CONDOSAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $712,523 $618,527 $1,229,500 $-
AVERAGE LIST PRICE PER SQUARE FOOT $447.78 $429.72 $506.70 $-
AVERAGE SOLD PRICE $684,992 $600,445 $1,150,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $430.48 $417.16 $473.93 $-
TOTAL CONDOS SOLD 13 11 2 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 15 10 5 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.5 2.7 7.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 96% 97% 94% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 36% 34% -10% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 40% 42% 27% 0%
AVERAGE SOLD PRICE 33% 28% -8% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 37% 36% 29% 0%
TOTAL CONDOS SOLD -38% -64% 100% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -100% -100% -100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -100% -100% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -2% -4% 2% 0%
(Source: MLS/CLAW)
36
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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
SINGLE FAMILY HOMES (SFH)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $5,404,833 $- $1,776,167 $7,219,167
AVERAGE LIST PRICE PER SQUARE FOOT $1,781.42 $- $1,256.72 $1,932.31
AVERAGE SOLD PRICE $5,608,361 $- $1,744,667 $7,540,208
AVERAGE SOLD PRICE PER SQUARE FOOT $1,709.02 $- $1,234.43 $1,845.50
TOTAL SFH SOLD 9 - 3 6
TOTAL SFH FOR SALE AT END OF PERIOD 68 - 8 60
AVERAGE MONTHLY SUPPLY OF INVENTORY 22.7 - 8.0 30.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 104% 0% 98% 104%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $4,415,000 $- $2,508,000 $5,777,143
AVERAGE LIST PRICE PER SQUARE FOOT $2,039.90 $- $1,269.06 $2,187.60
AVERAGE SOLD PRICE $4,154,875 $- $2,438,200 $5,381,071
AVERAGE SOLD PRICE PER SQUARE FOOT $1,902.92 $- $1,199.89 $2,037.62
TOTAL SFH SOLD 12 - 5 7
TOTAL SFH FOR SALE AT END OF PERIOD 70 - 9 61
AVERAGE MONTHLY SUPPLY OF INVENTORY 17.5 - 5.4 26.1
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 94% 0% 97% 93%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 22% 0% -29% 25%
AVERAGE LIST PRICE PER SQUARE FOOT -13% 0% -1% -12%
AVERAGE SOLD PRICE 35% 0% -28% 40%
AVERAGE SOLD PRICE PER SQUARE FOOT -10% 0% 3% -9%
TOTAL SFH SOLD -25% 0% -40% -14%
TOTAL SFH FOR SALE AT END OF PERIOD -3% 0% -11% -2%
AVERAGE MONTHLY SUPPLY OF INVENTORY 30% 0% 48% 15%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 10% 0% 1% 12%
(Source: MLS/CLAW)
37
CONDOMINIUM SALES MALIBU BEACH
JUNE MARKET OVERVIEWIn Malibu Beach there were 6 single family home sales in June 2014, up from 4 in June 2013 and a 500% increase from the 1 sales closed last month. The average list price for single family home sales in June 2014 was $5,061,417 compared to $3,950,000 for June 2013, representing a 28% increase. For the three-month period from April to June 2014, the average list price was 22% higher than the same period of the prior year. Average sales price for June 2014 was $5,559,167, compared to that of April through June 2014, which was $5,608,361. Comparing June 2014 to May 2014, Malibu Beach saw a 44% decrease in average sale price, but a 50% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $807,333 $689,800 $1,395,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $823.67 $728.41 $1,217.28 $-
AVERAGE SOLD PRICE $756,667 $651,000 $1,285,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $771.98 $687.43 $1,121.29 $-
TOTAL CONDOS SOLD 6 5 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 94% 94% 92% 0%
CONDOSAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $865,483 $698,780 $1,699,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $858.19 $782.16 $1,072.60 $-
AVERAGE SOLD PRICE $811,667 $667,000 $1,535,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $804.83 $746.59 $969.07 $-
TOTAL CONDOS SOLD 6 5 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 12 8 4 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 6.0 4.8 12.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 94% 95% 90% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -7% -1% -18% 0%
AVERAGE LIST PRICE PER SQUARE FOOT -4% -7% 13% 0%
AVERAGE SOLD PRICE -7% -2% -16% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT -4% -8% 16% 0%
TOTAL CONDOS SOLD 0% 0% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -100% -100% -100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -100% -100% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% -1% 2% 0%
(Source: MLS/CLAW)
38
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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
SINGLE FAMILY HOMES (SFH)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,667,417 $702,512 $1,892,000 $3,472,500
AVERAGE LIST PRICE PER SQUARE FOOT $609.94 $655.83 $596.54 $633.21
AVERAGE SOLD PRICE $1,638,103 $740,589 $1,861,518 $3,215,500
AVERAGE SOLD PRICE PER SQUARE FOOT $598.53 $694.44 $586.31 $586.34
TOTAL SFH SOLD 23 7 14 2
TOTAL SFH FOR SALE AT END OF PERIOD 15 2 8 5
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.0 0.9 1.7 7.5
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 105% 98% 93%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,893,636 $- $1,893,636 $-
AVERAGE LIST PRICE PER SQUARE FOOT $550.46 $- $550.46 $-
AVERAGE SOLD PRICE $1,827,532 $- $1,827,532 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $531.25 $- $531.25 $-
TOTAL SFH SOLD 11 - 11 -
TOTAL SFH FOR SALE AT END OF PERIOD 12 1 6 5
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.3 - 1.6 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 0% 97% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -12% 0% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 11% 0% 8% 0%
AVERAGE SOLD PRICE -10% 0% 2% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 13% 0% 10% 0%
TOTAL SFH SOLD 109% 0% 27% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 25% 100% 33% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -40% 0% 5% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 2% 0% 2% 0%
(Source: MLS/CLAW)
39
CONDOMINIUM SALES MARINA DEL REY
JUNE MARKET OVERVIEWIn Marina Del Rey there were 32 condominium sales in June 2014, up from 23 in June 2013 and a 7% increase from the 30 sales closed last month. The average list price for condo sales in June 2014 was $992,119 compared to $825,448 for June 2013, representing a 20% increase. For the three-month period from April to June 2014, the average list price was 11% higher than the same period of the prior year. Average sales price for June 2014 was $963,200, compared to that of April through June 2014, which was $914,012. Comparing June 2014 to May 2014, Marina Del Rey saw a 17% increase in average sale price, and a 19% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $934,264 $719,127 $1,455,558 $-
AVERAGE LIST PRICE PER SQUARE FOOT $575.11 $474.88 $777.01 $-
AVERAGE SOLD PRICE $914,012 $713,906 $1,398,885 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $562.69 $471.40 $746.56 $-
TOTAL CONDOS SOLD 89 63 26 -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 99% 96% 0%
CONDOSAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $839,770 $666,742 $1,762,583 $-
AVERAGE LIST PRICE PER SQUARE FOOT $512.54 $438.09 $805.26 $-
AVERAGE SOLD PRICE $826,274 $669,236 $1,663,810 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $504.15 $439.73 $757.42 $-
TOTAL CONDOS SOLD 76 64 12 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 123 69 51 3
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.9 3.2 12.8 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 100% 94% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 11% 8% -17% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 12% 8% -4% 0%
AVERAGE SOLD PRICE 11% 7% -16% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 12% 7% -1% 0%
TOTAL CONDOS SOLD 17% -2% 117% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -100% -100% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -100% -100% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% -1% 2% 0%
(Source: MLS/CLAW)
40
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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
SINGLE FAMILY HOMES (SFH)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $500,471 $478,958 $874,800 $-
AVERAGE LIST PRICE PER SQUARE FOOT $307.67 $300.66 $395.48 $-
AVERAGE SOLD PRICE $523,350 $479,434 $1,287,500 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $321.73 $300.96 $582.05 $-
TOTAL SFH SOLD 92 87 5 -
TOTAL SFH FOR SALE AT END OF PERIOD 88 82 6 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.9 2.8 3.6 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 105% 100% 147% 0%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $423,401 $396,833 $1,309,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $256.92 $249.99 $356.90 $-
AVERAGE SOLD PRICE $433,592 $407,089 $1,317,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $263.10 $256.45 $359.08 $-
TOTAL SFH SOLD 103 100 3 -
TOTAL SFH FOR SALE AT END OF PERIOD 90 83 7 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.6 2.5 7.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 103% 101% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 18% 21% -33% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 20% 20% 11% 0%
AVERAGE SOLD PRICE 21% 18% -2% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 22% 17% 62% 0%
TOTAL SFH SOLD -11% -13% 67% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -2% -1% -14% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 9% 14% -49% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 2% -2% 46% 0%
(Source: MLS/CLAW)
41
CONDOMINIUM SALES MID LOS ANGELES
JUNE MARKET OVERVIEWIn Mid Los Angeles there were 30 single family home sales in June 2014, up from 26 in June 2013 and a 17% decrease from the 36 sales closed last month. The average list price for single family home sales in June 2014 was $567,060 compared to $451,448 for June 2013, representing a 26% increase. For the three-month period from April to June 2014, the average list price was 18% higher than the same period of the prior year. Average sales price for June 2014 was $568,582, compared to that of April through June 2014, which was $523,350. Comparing June 2014 to May 2014, Mid Los Angeles saw a 15% increase in average sale price, and a 24% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $245,800 $245,800 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $201.31 $201.31 $- $-
AVERAGE SOLD PRICE $240,000 $240,000 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $196.56 $196.56 $- $-
TOTAL CONDOS SOLD 1 1 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 0% 0%
CONDOSAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $202,450 $202,450 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $233.91 $233.91 $- $-
AVERAGE SOLD PRICE $222,500 $222,500 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $257.08 $257.08 $- $-
TOTAL CONDOS SOLD 2 2 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 1 1 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.5 1.5 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 110% 110% 0% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 21% 21% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT -14% -14% 0% 0%
AVERAGE SOLD PRICE 8% 8% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT -24% -24% 0% 0%
TOTAL CONDOS SOLD -50% -50% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -100% -100% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -100% -100% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -11% -11% 0% 0%
(Source: MLS/CLAW)
42
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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
SINGLE FAMILY HOMES (SFH)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $706,590 $682,322 $925,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $327.20 $319.71 $387.52 $-
AVERAGE SOLD PRICE $704,950 $671,056 $1,010,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $326.44 $314.43 $423.13 $-
TOTAL SFH SOLD 10 9 1 -
TOTAL SFH FOR SALE AT END OF PERIOD 12 10 2 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.6 3.3 6.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 98% 109% 0%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $508,090 $508,090 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $285.75 $285.75 $- $-
AVERAGE SOLD PRICE $530,750 $530,750 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $298.49 $298.49 $- $-
TOTAL SFH SOLD 10 10 - -
TOTAL SFH FOR SALE AT END OF PERIOD 18 17 1 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 5.4 5.1 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 104% 104% 0% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 39% 34% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 15% 12% 0% 0%
AVERAGE SOLD PRICE 33% 26% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 9% 5% 0% 0%
TOTAL SFH SOLD 0% -10% 0% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -33% -41% 100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -33% -35% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -4% -6% 0% 0%
(Source: MLS/CLAW)
43
CONDOMINIUM SALES MID WILSHIRE
JUNE MARKET OVERVIEWIn Mid Wilshire there were 19 condominium sales in June 2014, up from 17 in June 2013 and a 27% increase from the 15 sales closed last month. The average list price for condo sales in June 2014 was $416,053 compared to $520,399 for June 2013, representing a 20% decrease. For the three-month period from April to June 2014, the average list price was 9% higher than the same period of the prior year. Average sales price for June 2014 was $401,732, compared to that of April through June 2014, which was $469,891. Comparing June 2014 to May 2014, Mid Wilshire saw a 28% decrease in average sale price, and a 23% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $480,812 $480,812 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $416.25 $416.25 $- $-
AVERAGE SOLD PRICE $469,891 $469,891 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $406.79 $406.79 $- $-
TOTAL CONDOS SOLD 43 43 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 0% 0%
CONDOSAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $439,784 $418,492 $1,845,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $385.96 $375.44 $651.94 $-
AVERAGE SOLD PRICE $439,325 $418,027 $1,845,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $385.87 $375.34 $651.94 $-
TOTAL CONDOS SOLD 67 66 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 60 58 2 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.7 2.6 6.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 100% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 9% 15% -100% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 8% 11% -100% 0%
AVERAGE SOLD PRICE 7% 12% -100% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 5% 8% -100% 0%
TOTAL CONDOS SOLD -36% -35% -100% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -100% -100% -100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -100% -100% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -2% -2% -100% 0%
(Source: MLS/CLAW)
44
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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.
CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
MOUNT WASHINGTON
SINGLE FAMILY HOMES (SFH)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $612,385 $602,831 $985,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $473.27 $485.01 $301.68 $-
AVERAGE SOLD PRICE $637,145 $627,072 $1,030,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $492.88 $505.02 $315.47 $-
TOTAL SFH SOLD 40 39 1 -
TOTAL SFH FOR SALE AT END OF PERIOD 23 21 2 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.7 1.6 6.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 104% 104% 105% 0%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $569,058 $555,650 $1,159,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $352.49 $349.29 $437.03 $-
AVERAGE SOLD PRICE $576,868 $564,524 $1,120,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $357.33 $354.86 $422.32 $-
TOTAL SFH SOLD 45 44 1 -
TOTAL SFH FOR SALE AT END OF PERIOD 43 40 3 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.9 2.7 9.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 102% 97% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 8% 8% -15% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 34% 39% -31% 0%
AVERAGE SOLD PRICE 10% 11% -8% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 38% 42% -25% 0%
TOTAL SFH SOLD -11% -11% 0% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -47% -48% -33% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -40% -41% -33% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 3% 2% 8% 0%
(Source: MLS/CLAW)
45
CONDOMINIUM SALES MOUNT WASHINGTON
JUNE MARKET OVERVIEWIn Mount Washington there were 10 single family home sales in June 2014, down from 12 in June 2013 and a 33% decrease from the 15 sales closed last month. The average list price for single family home sales in June 2014 was $594,300 almost matching $608,408 for June 2013. For the three-month period from April to June 2014, the average list price was 8% higher than the same period of the prior year. Average sales price for June 2014 was $626,800, compared to that of April through June 2014, which was $637,145. Comparing June 2014 to May 2014, Mount Washington saw a 9% decrease in average sale price, but was flat compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 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 - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
CONDOSAPR - JUN 2013 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 - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 0% 0% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 0% 0% 0% 0%
AVERAGE SOLD PRICE 0% 0% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 0% 0% 0% 0%
TOTAL CONDOS SOLD 0% 0% 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 0% 0% 0% 0%
(Source: MLS/CLAW)
46
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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
SINGLE FAMILY HOMES (SFH)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $3,162,706 $875,000 $1,997,321 $4,694,974
AVERAGE LIST PRICE PER SQUARE FOOT $906.70 $- $836.43 $949.16
AVERAGE SOLD PRICE $3,119,698 $825,000 $2,014,531 $4,576,087
AVERAGE SOLD PRICE PER SQUARE FOOT $894.66 $- $842.25 $926.34
TOTAL SFH SOLD 87 1 48 38
TOTAL SFH FOR SALE AT END OF PERIOD 68 - 31 37
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.3 - 1.9 2.9
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 94% 101% 97%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $3,045,303 $699,000 $1,901,355 $6,111,536
AVERAGE LIST PRICE PER SQUARE FOOT $836.70 $607.83 $670.74 $1,052.10
AVERAGE SOLD PRICE $2,960,335 $610,000 $1,903,802 $5,798,807
AVERAGE SOLD PRICE PER SQUARE FOOT $812.09 $530.43 $672.46 $993.97
TOTAL SFH SOLD 102 1 73 28
TOTAL SFH FOR SALE AT END OF PERIOD 128 - 73 55
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.8 - 3.0 5.9
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 87% 100% 95%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 4% 25% 5% -23%
AVERAGE LIST PRICE PER SQUARE FOOT 8% -100% 25% -10%
AVERAGE SOLD PRICE 5% 35% 6% -21%
AVERAGE SOLD PRICE PER SQUARE FOOT 10% -100% 25% -7%
TOTAL SFH SOLD -15% 0% -34% 36%
TOTAL SFH FOR SALE AT END OF PERIOD -47% 0% -58% -33%
AVERAGE MONTHLY SUPPLY OF INVENTORY -38% 0% -35% -50%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 8% 1% 3%
(Source: MLS/CLAW)
47
CONDOMINIUM SALES PACIFIC PALISADES
JUNE MARKET OVERVIEWIn Pacific Palisades there were 34 single family home sales in June 2014, down from 36 in June 2013 and a 17% increase from the 29 sales closed last month. The average list price for single family home sales in June 2014 was $2,924,188 compared to $3,765,639 for June 2013, representing a 22% decrease. For the three-month period from April to June 2014, the average list price was 4% higher than the same period of the prior year. Average sales price for June 2014 was $2,896,265, compared to that of April through June 2014, which was $3,119,698. Comparing June 2014 to May 2014, Pacific Palisades saw a 4% decrease in average sale price, and a 19% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $819,837 $704,798 $1,308,750 $-
AVERAGE LIST PRICE PER SQUARE FOOT $501.17 $463.27 $616.61 $-
AVERAGE SOLD PRICE $820,770 $703,157 $1,320,625 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $501.74 $462.19 $622.20 $-
TOTAL CONDOS SOLD 21 17 4 -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 101% 0%
CONDOSAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $805,583 $726,800 $1,199,500 $-
AVERAGE LIST PRICE PER SQUARE FOOT $464.69 $466.29 $459.93 $-
AVERAGE SOLD PRICE $789,750 $729,200 $1,092,500 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $455.56 $467.83 $418.90 $-
TOTAL CONDOS SOLD 12 10 2 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 23 17 5 1
AVERAGE MONTHLY SUPPLY OF INVENTORY 5.8 5.1 7.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 100% 91% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 2% -3% 9% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 8% -1% 34% 0%
AVERAGE SOLD PRICE 4% -4% 21% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 10% -1% 49% 0%
TOTAL CONDOS SOLD 75% 70% 100% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -100% -100% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -100% -100% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 2% -1% 11% 0%
(Source: MLS/CLAW)
48
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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
SINGLE FAMILY HOMES (SFH)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,099,173 $787,830 $1,440,167 $-
AVERAGE LIST PRICE PER SQUARE FOOT $647.46 $650.21 $645.77 $-
AVERAGE SOLD PRICE $1,122,479 $807,735 $1,467,198 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $662.08 $666.32 $659.48 $-
TOTAL SFH SOLD 88 46 42 -
TOTAL SFH FOR SALE AT END OF PERIOD 49 12 37 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.7 0.8 2.6 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 103% 102% 0%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $916,143 $727,656 $1,376,889 $-
AVERAGE LIST PRICE PER SQUARE FOOT $547.82 $546.96 $548.95 $-
AVERAGE SOLD PRICE $935,661 $754,333 $1,378,907 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $560.42 $568.22 $550.16 $-
TOTAL SFH SOLD 93 66 27 -
TOTAL SFH FOR SALE AT END OF PERIOD 61 42 19 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.0 1.9 2.1 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 104% 100% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 20% 8% 5% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 18% 19% 18% 0%
AVERAGE SOLD PRICE 20% 7% 6% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 18% 17% 20% 0%
TOTAL SFH SOLD -5% -30% 56% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -20% -71% 95% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -15% -59% 25% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% -1% 2% 0%
(Source: MLS/CLAW)
49
CONDOMINIUM SALES PALMS - MAR VISTA
JUNE MARKET OVERVIEWIn Palms - Mar Vista there were 29 single family home sales in June 2014, down from 30 in June 2013 and a similar performance from the 29 sales closed last month. The average list price for single family home sales in June 2014 was $1,162,569 compared to $931,953 for June 2013, representing a 25% increase. For the three-month period from April to June 2014, the average list price was 20% higher than the same period of the prior year. Average sales price for June 2014 was $1,194,226, compared to that of April through June 2014, which was $1,122,479. Comparing June 2014 to May 2014, Palms - Mar Vista saw a 11% increase in average sale price, and a 26% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $504,702 $481,796 $1,169,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $434.04 $425.33 $574.73 $-
AVERAGE SOLD PRICE $501,736 $481,106 $1,100,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $431.49 $424.72 $540.81 $-
TOTAL CONDOS SOLD 30 29 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 100% 94% 0%
CONDOSAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $450,533 $450,533 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $382.41 $382.41 $- $-
AVERAGE SOLD PRICE $460,404 $460,404 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $390.78 $390.78 $- $-
TOTAL CONDOS SOLD 26 26 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 18 18 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.1 2.1 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 102% 0% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 12% 7% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 14% 11% 0% 0%
AVERAGE SOLD PRICE 9% 4% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 10% 9% 0% 0%
TOTAL CONDOS SOLD 15% 12% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -100% -100% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -100% -100% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -3% -2% 0% 0%
(Source: MLS/CLAW)
50
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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
SINGLE FAMILY HOMES (SFH)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,608,071 $928,400 $1,552,625 $5,450,000
AVERAGE LIST PRICE PER SQUARE FOOT $528.50 $549.61 $532.95 $502.49
AVERAGE SOLD PRICE $1,566,214 $928,800 $1,522,875 $5,100,000
AVERAGE SOLD PRICE PER SQUARE FOOT $514.74 $549.85 $522.74 $470.22
TOTAL SFH SOLD 14 5 8 1
TOTAL SFH FOR SALE AT END OF PERIOD 14 2 10 2
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.0 1.2 3.8 6.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 100% 98% 94%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,200,935 $804,000 $1,323,069 $-
AVERAGE LIST PRICE PER SQUARE FOOT $449.83 $516.38 $439.24 $-
AVERAGE SOLD PRICE $1,191,691 $794,500 $1,313,904 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $446.37 $510.28 $436.20 $-
TOTAL SFH SOLD 17 4 13 -
TOTAL SFH FOR SALE AT END OF PERIOD 18 4 11 3
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.2 3.0 2.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 99% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 34% 15% 17% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 17% 6% 21% 0%
AVERAGE SOLD PRICE 31% 17% 16% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 15% 8% 20% 0%
TOTAL SFH SOLD -18% 25% -38% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -22% -50% -9% -33%
AVERAGE MONTHLY SUPPLY OF INVENTORY -6% -60% 48% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -2% 1% -1% 0%
(Source: MLS/CLAW)
51
CONDOMINIUM SALES PLAYA DEL REY
JUNE MARKET OVERVIEWIn Playa Del Rey there were 16 condominium sales in June 2014, up from 15 in June 2013 and a 129% increase from the 7 sales closed last month. The average list price for condo sales in June 2014 was $526,938 compared to $423,833 for June 2013, representing a 24% increase. For the three-month period from April to June 2014, the average list price was 19% higher than the same period of the prior year. Average sales price for June 2014 was $528,500, compared to that of April through June 2014, which was $513,554. Comparing June 2014 to May 2014, Playa Del Rey saw a 11% decrease in average sale price, but a 21% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $517,981 $496,536 $1,290,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $436.61 $425.60 $680.38 $-
AVERAGE SOLD PRICE $513,554 $488,236 $1,425,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $432.88 $418.49 $751.58 $-
TOTAL CONDOS SOLD 37 36 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 98% 110% 0%
CONDOSAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $436,455 $421,140 $1,095,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $378.23 $372.35 $511.68 $-
AVERAGE SOLD PRICE $441,534 $427,384 $1,050,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $382.63 $377.87 $490.65 $-
TOTAL CONDOS SOLD 44 43 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 32 31 1 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.2 2.2 3.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 101% 96% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 19% 18% 18% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 15% 14% 33% 0%
AVERAGE SOLD PRICE 16% 14% 36% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 13% 11% 53% 0%
TOTAL CONDOS SOLD -16% -16% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -100% -100% -100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -100% -100% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -2% -3% 15% 0%
(Source: MLS/CLAW)
52
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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
SINGLE FAMILY HOMES (SFH)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,175,667 $- $1,175,667 $-
AVERAGE LIST PRICE PER SQUARE FOOT $454.77 $- $454.77 $-
AVERAGE SOLD PRICE $1,171,167 $- $1,171,167 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $453.03 $- $453.03 $-
TOTAL SFH SOLD 6 - 6 -
TOTAL SFH FOR SALE AT END OF PERIOD 4 - 4 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.0 - 2.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 0% 100% 0%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
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 6 - 6 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 18.0 - 18.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 0% 100% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -6% 0% -6% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 1% 0% 1% 0%
AVERAGE SOLD PRICE -6% 0% -6% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 1% 0% 1% 0%
TOTAL SFH SOLD 500% 0% 500% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -33% 0% -33% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -89% 0% -89% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
(Source: MLS/CLAW)
53
CONDOMINIUM SALES PLAYA VISTA
JUNE MARKET OVERVIEWIn Playa Vista there were 9 condominium sales in June 2014, down from 19 in June 2013 and a 13% increase from the 8 sales closed last month. The average list price for condo sales in June 2014 was $737,222 compared to $660,347 for June 2013, representing a 12% increase. For the three-month period from April to June 2014, the average list price was 5% higher than the same period of the prior year. Average sales price for June 2014 was $729,389, compared to that of April through June 2014, which was $708,781. Comparing June 2014 to May 2014, Playa Vista saw a 1% increase in average sale price, and a 9% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $706,664 $706,664 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $458.52 $458.52 $- $-
AVERAGE SOLD PRICE $708,781 $708,781 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $459.89 $459.89 $- $-
TOTAL CONDOS SOLD 30 30 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 0% 0%
CONDOSAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $676,110 $635,569 $1,216,667 $-
AVERAGE LIST PRICE PER SQUARE FOOT $405.57 $405.70 $404.66 $-
AVERAGE SOLD PRICE $685,035 $648,488 $1,172,333 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $410.92 $413.95 $389.91 $-
TOTAL CONDOS SOLD 43 40 3 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 35 33 2 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.4 2.5 2.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 102% 96% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 5% 11% -100% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 13% 13% -100% 0%
AVERAGE SOLD PRICE 3% 9% -100% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 12% 11% -100% 0%
TOTAL CONDOS SOLD -30% -25% -100% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -100% -100% -100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -100% -100% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% -2% -100% 0%
(Source: MLS/CLAW)
54
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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.
CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SANTA MONICA
SINGLE FAMILY HOMES (SFH)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,408,498 $952,150 $1,693,512 $4,646,882
AVERAGE LIST PRICE PER SQUARE FOOT $938.46 $870.47 $885.13 $1,002.37
AVERAGE SOLD PRICE $2,436,794 $909,000 $1,782,915 $4,553,018
AVERAGE SOLD PRICE PER SQUARE FOOT $955.96 $831.02 $931.86 $993.39
TOTAL SFH SOLD 64 6 41 17
TOTAL SFH FOR SALE AT END OF PERIOD 57 2 31 24
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.7 1.0 2.3 4.2
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 95% 105% 98%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,491,456 $755,000 $1,773,290 $4,762,732
AVERAGE LIST PRICE PER SQUARE FOOT $885.47 $635.74 $776.63 $1,046.92
AVERAGE SOLD PRICE $2,476,797 $848,200 $1,813,279 $4,581,632
AVERAGE SOLD PRICE PER SQUARE FOOT $880.84 $714.21 $793.19 $1,008.26
TOTAL SFH SOLD 72 5 48 19
TOTAL SFH FOR SALE AT END OF PERIOD 76 4 41 31
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.2 2.4 2.6 4.9
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 112% 102% 96%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -3% 26% -4% -2%
AVERAGE LIST PRICE PER SQUARE FOOT 6% 37% 14% -4%
AVERAGE SOLD PRICE -2% 7% -2% -1%
AVERAGE SOLD PRICE PER SQUARE FOOT 9% 16% 17% -1%
TOTAL SFH SOLD -11% 20% -15% -11%
TOTAL SFH FOR SALE AT END OF PERIOD -25% -50% -24% -23%
AVERAGE MONTHLY SUPPLY OF INVENTORY -16% -58% -11% -13%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 2% -15% 3% 2%
(Source: MLS/CLAW)
55
CONDOMINIUM SALES SANTA MONICA
JUNE MARKET OVERVIEWIn Santa Monica there were 59 condominium sales in June 2014, up from 33 in June 2013 and a 79% increase from the 33 sales closed last month. The average list price for condo sales in June 2014 was $1,398,724 compared to $854,602 for June 2013, representing a 64% increase. For the three-month period from April to June 2014, the average list price was 30% higher than the same period of the prior year. Average sales price for June 2014 was $1,395,824, compared to that of April through June 2014, which was $1,156,977. Comparing June 2014 to May 2014, Santa Monica saw a 41% increase in average sale price, and a 58% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,152,467 $703,789 $1,510,655 $4,677,800
AVERAGE LIST PRICE PER SQUARE FOOT $826.20 $602.41 $927.17 $1,692.04
AVERAGE SOLD PRICE $1,156,977 $719,284 $1,522,374 $4,433,000
AVERAGE SOLD PRICE PER SQUARE FOOT $830.64 $618.48 $934.37 $1,603.49
TOTAL CONDOS SOLD 136 80 51 5
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 102% 101% 95%
CONDOSAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $887,545 $638,917 $1,405,167 $5,995,000
AVERAGE LIST PRICE PER SQUARE FOOT $666.29 $548.66 $819.88 $1,537.18
AVERAGE SOLD PRICE $886,284 $649,470 $1,387,677 $5,500,000
AVERAGE SOLD PRICE PER SQUARE FOOT $665.26 $557.67 $809.68 $1,410.26
TOTAL CONDOS SOLD 114 83 30 1
TOTAL CONDOS FOR SALE AT END OF PERIOD 86 58 25 3
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.3 2.1 2.5 9.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 102% 99% 92%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 30% 10% 8% -22%
AVERAGE LIST PRICE PER SQUARE FOOT 24% 10% 13% 10%
AVERAGE SOLD PRICE 31% 11% 10% -19%
AVERAGE SOLD PRICE PER SQUARE FOOT 25% 11% 15% 14%
TOTAL CONDOS SOLD 19% -4% 70% 400%
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 1% 1% 2% 3%
(Source: MLS/CLAW)
56
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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
SINGLE FAMILY HOMES (SFH)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $884,040 $675,542 $1,272,111 $3,750,000
AVERAGE LIST PRICE PER SQUARE FOOT $510.63 $488.14 $518.29 $830.56
AVERAGE SOLD PRICE $928,150 $693,029 $1,390,218 $3,500,000
AVERAGE SOLD PRICE PER SQUARE FOOT $536.43 $501.35 $566.67 $775.19
TOTAL SFH SOLD 92 64 27 1
TOTAL SFH FOR SALE AT END OF PERIOD 57 42 15 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.9 2.0 1.7 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 105% 103% 109% 93%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $694,693 $612,204 $1,237,750 $-
AVERAGE LIST PRICE PER SQUARE FOOT $497.85 $477.14 $574.96 $-
AVERAGE SOLD PRICE $723,761 $636,667 $1,297,133 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $519.45 $497.13 $602.55 $-
TOTAL SFH SOLD 91 79 12 -
TOTAL SFH FOR SALE AT END OF PERIOD 77 65 12 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.5 2.5 3.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 104% 104% 105% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 27% 10% 3% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 3% 2% -10% 0%
AVERAGE SOLD PRICE 28% 9% 7% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 3% 1% -6% 0%
TOTAL SFH SOLD 1% -19% 125% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -26% -35% 25% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -27% -20% -44% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% -1% 4% 0%
(Source: MLS/CLAW)
57
CONDOMINIUM SALES SILVERLAKE - ECHO PARK
JUNE MARKET OVERVIEWIn Silver Lake - Echo Park there were 28 single family home sales in June 2014, down from 32 in June 2013 and a 18% decrease from the 34 sales closed last month. The average list price for single family home sales in June 2014 was $864,389 compared to $707,872 for June 2013, representing a 22% increase. For the three-month period from April to June 2014, the average list price was 27% higher than the same period of the prior year. Average sales price for June 2014 was $902,750, compared to that of April through June 2014, which was $928,150. Comparing June 2014 to May 2014, Silver Lake - Echo Park saw a 12% decrease in average sale price, but a 21% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $480,653 $480,653 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $418.73 $418.73 $- $-
AVERAGE SOLD PRICE $479,237 $479,237 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $417.49 $417.49 $- $-
TOTAL CONDOS SOLD 19 19 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 0% 0%
CONDOSAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $438,089 $438,089 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $336.91 $336.91 $- $-
AVERAGE SOLD PRICE $430,144 $430,144 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $330.80 $330.80 $- $-
TOTAL CONDOS SOLD 9 9 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 13 13 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.3 4.3 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 0% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 10% 10% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 24% 24% 0% 0%
AVERAGE SOLD PRICE 11% 11% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 26% 26% 0% 0%
TOTAL CONDOS SOLD 111% 111% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -100% -100% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -100% -100% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 2% 2% 0% 0%
(Source: MLS/CLAW)
58
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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
SINGLE FAMILY HOMES (SFH)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,349,231 $807,605 $1,793,886 $6,197,883
AVERAGE LIST PRICE PER SQUARE FOOT $807.40 $650.03 $682.91 $1,187.14
AVERAGE SOLD PRICE $2,233,017 $792,423 $1,777,252 $5,576,701
AVERAGE SOLD PRICE PER SQUARE FOOT $784.44 $637.81 $676.80 $1,116.38
TOTAL SFH SOLD 109 19 72 18
TOTAL SFH FOR SALE AT END OF PERIOD 190 19 108 63
AVERAGE MONTHLY SUPPLY OF INVENTORY 5.2 3.0 4.5 10.5
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 95% 98% 99% 90%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,110,374 $787,285 $1,907,540 $5,687,957
AVERAGE LIST PRICE PER SQUARE FOOT $778.02 $534.35 $644.91 $1,218.72
AVERAGE SOLD PRICE $2,051,160 $786,049 $1,869,041 $5,434,435
AVERAGE SOLD PRICE PER SQUARE FOOT $754.54 $533.76 $632.75 $1,156.24
TOTAL SFH SOLD 147 51 73 23
TOTAL SFH FOR SALE AT END OF PERIOD 226 31 135 60
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.6 1.8 5.5 7.8
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 100% 98% 96%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 11% 3% -6% 9%
AVERAGE LIST PRICE PER SQUARE FOOT 4% 22% 6% -3%
AVERAGE SOLD PRICE 9% 1% -5% 3%
AVERAGE SOLD PRICE PER SQUARE FOOT 4% 19% 7% -3%
TOTAL SFH SOLD -26% -63% -1% -22%
TOTAL SFH FOR SALE AT END OF PERIOD -16% -39% -20% 5%
AVERAGE MONTHLY SUPPLY OF INVENTORY 13% 65% -19% 34%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -2% -2% 1% -6%
(Source: MLS/CLAW)
59
CONDOMINIUM SALES SUNSET STRIP - HOLLYWOOD HILLS
JUNE MARKET OVERVIEWIn Sunset Strip - Hollywood Hills West there were 39 single family home sales in June 2014, down from 54 in June 2013 and a 11% increase from the 35 sales closed last month. The average list price for single family home sales in June 2014 was $2,184,623 compared to $1,905,053 for June 2013, representing a 15% increase. For the three-month period from April to June 2014, the average list price was 11% higher than the same period of the prior year. Average sales price for June 2014 was $2,092,801, compared to that of April through June 2014, which was $2,233,017. Comparing June 2014 to May 2014, Sunset Strip - Hollywood Hills West saw a 14% decrease in average sale price, but a 12% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $708,458 $482,731 $2,412,500 $3,395,000
AVERAGE LIST PRICE PER SQUARE FOOT $611.34 $438.74 $1,640.04 $1,603.68
AVERAGE SOLD PRICE $697,677 $474,826 $2,305,000 $3,500,000
AVERAGE SOLD PRICE PER SQUARE FOOT $602.03 $431.56 $1,566.96 $1,653.28
TOTAL CONDOS SOLD 30 27 2 1
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 96% 103%
CONDOSAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $566,610 $449,326 $2,795,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $558.00 $454.92 $1,671.65 $-
AVERAGE SOLD PRICE $549,619 $448,284 $2,475,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $540.18 $453.16 $1,480.26 $-
TOTAL CONDOS SOLD 20 19 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 16 15 1 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.4 2.4 3.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 100% 89% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 25% 7% -14% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 10% -4% -2% 0%
AVERAGE SOLD PRICE 27% 6% -7% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 11% -5% 6% 0%
TOTAL CONDOS SOLD 50% 42% 100% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -100% -100% -100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -100% -100% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 2% -1% 8% 0%
(Source: MLS/CLAW)
60
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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
SINGLE FAMILY HOMES (SFH)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,862,870 $903,800 $1,699,032 $6,465,000
AVERAGE LIST PRICE PER SQUARE FOOT $912.58 $973.50 $903.28 $943.98
AVERAGE SOLD PRICE $1,841,677 $891,600 $1,688,957 $6,225,000
AVERAGE SOLD PRICE PER SQUARE FOOT $901.69 $960.36 $897.46 $908.94
TOTAL SFH SOLD 63 5 55 3
TOTAL SFH FOR SALE AT END OF PERIOD 35 2 29 4
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.7 1.2 1.6 4.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 99% 96%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,604,701 $827,111 $1,704,233 $3,925,000
AVERAGE LIST PRICE PER SQUARE FOOT $866.32 $670.09 $882.97 $1,075.34
AVERAGE SOLD PRICE $1,593,062 $857,667 $1,686,927 $3,800,000
AVERAGE SOLD PRICE PER SQUARE FOOT $857.97 $694.84 $871.41 $1,041.10
TOTAL SFH SOLD 57 9 47 1
TOTAL SFH FOR SALE AT END OF PERIOD 58 10 44 4
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.1 3.3 2.8 12.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 104% 99% 97%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 16% 9% 0% 65%
AVERAGE LIST PRICE PER SQUARE FOOT 5% 45% 2% -12%
AVERAGE SOLD PRICE 16% 4% 0% 64%
AVERAGE SOLD PRICE PER SQUARE FOOT 5% 38% 3% -13%
TOTAL SFH SOLD 11% -44% 17% 200%
TOTAL SFH FOR SALE AT END OF PERIOD -40% -80% -34% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -45% -64% -44% -67%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% -5% 0% -1%
(Source: MLS/CLAW)
61
CONDOMINIUM SALES VENICE
JUNE MARKET OVERVIEWIn Venice there were 27 single family home sales in June 2014, up from 20 in June 2013 and a similar performance from the 27 sales closed last month. The average list price for single family home sales in June 2014 was $1,651,292 almost matching $1,633,400 for June 2013. For the three-month period from April to June 2014, the average list price was 16% higher than the same period of the prior year. Average sales price for June 2014 was $1,647,431, compared to that of April through June 2014, which was $1,841,677. Comparing June 2014 to May 2014, Venice saw a 7% decrease in average sale price, but a 3% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,143,564 $722,000 $1,312,190 $-
AVERAGE LIST PRICE PER SQUARE FOOT $820.73 $703.88 $851.85 $-
AVERAGE SOLD PRICE $1,158,344 $740,254 $1,325,580 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $831.33 $721.67 $860.54 $-
TOTAL CONDOS SOLD 14 4 10 -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 103% 101% 0%
CONDOSAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,168,043 $823,500 $1,289,647 $-
AVERAGE LIST PRICE PER SQUARE FOOT $672.92 $600.66 $691.67 $-
AVERAGE SOLD PRICE $1,144,826 $801,000 $1,266,176 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $659.54 $584.25 $679.09 $-
TOTAL CONDOS SOLD 23 6 17 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 17 5 12 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.2 2.5 2.1 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 97% 98% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -2% -12% 2% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 22% 17% 23% 0%
AVERAGE SOLD PRICE 1% -8% 5% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 26% 24% 27% 0%
TOTAL CONDOS SOLD -39% -33% -41% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -100% -100% -100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -100% -100% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 3% 5% 3% 0%
(Source: MLS/CLAW)
62
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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
SINGLE FAMILY HOMES (SFH)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,441,340 $845,625 $1,617,848 $-
AVERAGE LIST PRICE PER SQUARE FOOT $799.42 $724.20 $813.48 $-
AVERAGE SOLD PRICE $1,428,558 $834,062 $1,604,705 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $792.25 $709.03 $807.81 $-
TOTAL SFH SOLD 35 8 27 -
TOTAL SFH FOR SALE AT END OF PERIOD 27 4 20 3
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.3 1.5 2.2 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 99% 0%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,169,742 $788,125 $1,360,550 $-
AVERAGE LIST PRICE PER SQUARE FOOT $718.30 $678.14 $729.81 $-
AVERAGE SOLD PRICE $1,184,785 $801,679 $1,376,338 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $723.97 $696.96 $731.72 $-
TOTAL SFH SOLD 42 14 28 -
TOTAL SFH FOR SALE AT END OF PERIOD 28 11 17 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.0 2.4 1.8 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 102% 101% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 23% 7% 19% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 11% 7% 11% 0%
AVERAGE SOLD PRICE 21% 4% 17% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 9% 2% 10% 0%
TOTAL SFH SOLD -17% -43% -4% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -4% -64% 18% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 16% -36% 22% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -2% -3% -2% 0%
(Source: MLS/CLAW)
63
CONDOMINIUM SALES WEST HOLLYWOOD
JUNE MARKET OVERVIEWIn West Hollywood Vicinity there were 31 condominium sales in June 2014, down from 34 in June 2013 and a 11% decrease from the 35 sales closed last month. The average list price for condo sales in June 2014 was $702,481 compared to $517,788 for June 2013, representing a 36% increase. For the three-month period from April to June 2014, the average list price was 25% higher than the same period of the prior year. Average sales price for June 2014 was $702,005, compared to that of April through June 2014, which was $684,543. Comparing June 2014 to May 2014, West Hollywood Vicinity saw a 4% increase in average sale price, and a 36% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $687,511 $602,657 $1,323,917 $-
AVERAGE LIST PRICE PER SQUARE FOOT $564.44 $528.14 $730.07 $-
AVERAGE SOLD PRICE $684,543 $603,574 $1,291,813 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $562.25 $529.36 $712.36 $-
TOTAL CONDOS SOLD 102 90 12 -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 98% 0%
CONDOSAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $551,025 $519,679 $1,295,500 $-
AVERAGE LIST PRICE PER SQUARE FOOT $475.87 $460.71 $690.29 $-
AVERAGE SOLD PRICE $552,972 $522,307 $1,281,250 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $477.35 $462.83 $682.70 $-
TOTAL CONDOS SOLD 99 95 4 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 119 102 16 1
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.6 3.2 12.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 101% 99% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 25% 16% 2% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 19% 15% 6% 0%
AVERAGE SOLD PRICE 24% 16% 1% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 18% 14% 4% 0%
TOTAL CONDOS SOLD 3% -5% 200% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -100% -100% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -100% -100% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% 0% -1% 0%
(Source: MLS/CLAW)
64
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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
SINGLE FAMILY HOMES (SFH)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $915,574 $773,879 $1,224,727 $-
AVERAGE LIST PRICE PER SQUARE FOOT $563.79 $581.05 $542.57 $-
AVERAGE SOLD PRICE $931,341 $787,010 $1,246,245 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $573.47 $590.85 $552.10 $-
TOTAL SFH SOLD 35 24 11 -
TOTAL SFH FOR SALE AT END OF PERIOD 21 16 5 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.8 2.0 1.4 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 102% 102% 0%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $660,301 $649,505 $995,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $511.11 $510.64 $520.67 $-
AVERAGE SOLD PRICE $660,913 $648,362 $1,050,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $511.58 $509.74 $549.45 $-
TOTAL SFH SOLD 32 31 1 -
TOTAL SFH FOR SALE AT END OF PERIOD 26 22 4 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.4 2.1 12.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 106% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 39% 19% 23% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 10% 14% 4% 0%
AVERAGE SOLD PRICE 41% 21% 19% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 12% 16% 0% 0%
TOTAL SFH SOLD 9% -23% 1000% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -19% -27% 25% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -26% -6% -89% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 2% 2% -4% 0%
(Source: MLS/CLAW)
65
CONDOMINIUM SALES WEST LOS ANGELES
JUNE MARKET OVERVIEWIn West Los Angeles there were 15 condominium sales in June 2014, down from 16 in June 2013 and a 15% increase from the 13 sales closed last month. The average list price for condo sales in June 2014 was $676,327 compared to $590,563 for June 2013, representing a 15% increase. For the three-month period from April to June 2014, the average list price was 5% higher than the same period of the prior year. Average sales price for June 2014 was $680,600, compared to that of April through June 2014, which was $640,472. Comparing June 2014 to May 2014, West Los Angeles saw a 9% increase in average sale price, and a 11% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $640,128 $640,128 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $485.36 $485.36 $- $-
AVERAGE SOLD PRICE $640,472 $640,472 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $485.62 $485.62 $- $-
TOTAL CONDOS SOLD 49 49 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 0% 0%
CONDOSAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $607,422 $597,865 $1,199,990 $-
AVERAGE LIST PRICE PER SQUARE FOOT $413.56 $412.16 $461.18 $-
AVERAGE SOLD PRICE $626,879 $618,361 $1,155,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $426.94 $426.44 $443.89 $-
TOTAL CONDOS SOLD 63 62 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 49 46 3 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.3 2.2 9.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 103% 103% 96% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 5% 7% -100% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 17% 18% -100% 0%
AVERAGE SOLD PRICE 2% 4% -100% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 14% 14% -100% 0%
TOTAL CONDOS SOLD -22% -21% -100% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -100% -100% -100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -100% -100% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -3% -3% -100% 0%
(Source: MLS/CLAW)
66
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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
SINGLE FAMILY HOMES (SFH)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,903,068 $1,050,000 $1,631,447 $4,138,000
AVERAGE LIST PRICE PER SQUARE FOOT $729.35 $754.85 $697.28 $840.78
AVERAGE SOLD PRICE $1,944,872 $990,000 $1,682,457 $4,130,200
AVERAGE SOLD PRICE PER SQUARE FOOT $745.76 $711.72 $719.76 $839.20
TOTAL SFH SOLD 44 1 38 5
TOTAL SFH FOR SALE AT END OF PERIOD 33 1 25 7
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.3 3.0 2.0 4.2
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 94% 103% 100%
SFHAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,569,478 $846,787 $1,609,794 $3,472,500
AVERAGE LIST PRICE PER SQUARE FOOT $660.30 $562.32 $652.15 $952.54
AVERAGE SOLD PRICE $1,595,671 $872,313 $1,639,685 $3,410,750
AVERAGE SOLD PRICE PER SQUARE FOOT $670.36 $579.27 $663.19 $935.61
TOTAL SFH SOLD 59 8 49 2
TOTAL SFH FOR SALE AT END OF PERIOD 50 6 39 5
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.5 2.3 2.4 7.5
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 103% 102% 98%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 21% 24% 1% 19%
AVERAGE LIST PRICE PER SQUARE FOOT 10% 34% 7% -12%
AVERAGE SOLD PRICE 22% 13% 3% 21%
AVERAGE SOLD PRICE PER SQUARE FOOT 11% 23% 9% -10%
TOTAL SFH SOLD -25% -88% -22% 150%
TOTAL SFH FOR SALE AT END OF PERIOD -34% -83% -36% 40%
AVERAGE MONTHLY SUPPLY OF INVENTORY -12% 33% -17% -44%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% -8% 1% 2%
(Source: MLS/CLAW)
67
CONDOMINIUM SALES WESTWOOD - CENTURY CITY
JUNE MARKET OVERVIEWIn Westwood - Century City there were 46 condominium sales in June 2014, down from 66 in June 2013 and a 5% increase from the 44 sales closed last month. The average list price for condo sales in June 2014 was $1,058,354 compared to $762,845 for June 2013, representing a 39% increase. For the three-month period from April to June 2014, the average list price was 33% higher than the same period of the prior year. Average sales price for June 2014 was $1,022,253, compared to that of April through June 2014, which was $1,099,513. Comparing June 2014 to May 2014, Westwood - Century City saw a 8% decrease in average sale price, but a 37% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,134,063 $660,435 $1,942,586 $4,753,571
AVERAGE LIST PRICE PER SQUARE FOOT $675.48 $489.44 $787.71 $1,455.34
AVERAGE SOLD PRICE $1,099,513 $654,697 $1,820,640 $4,657,143
AVERAGE SOLD PRICE PER SQUARE FOOT $654.90 $485.19 $738.27 $1,425.82
TOTAL CONDOS SOLD 139 103 29 7
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 99% 94% 98%
CONDOSAPR - JUN 2013 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $853,969 $645,753 $1,640,364 $4,665,000
AVERAGE LIST PRICE PER SQUARE FOOT $500.52 $435.53 $592.48 $1,074.31
AVERAGE SOLD PRICE $819,084 $640,516 $1,524,751 $3,858,333
AVERAGE SOLD PRICE PER SQUARE FOOT $479.76 $431.81 $550.72 $888.54
TOTAL CONDOS SOLD 163 138 22 3
TOTAL CONDOS FOR SALE AT END OF PERIOD 252 150 70 32
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.6 3.3 9.5 32.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 96% 99% 93% 83%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 33% 2% 18% 2%
AVERAGE LIST PRICE PER SQUARE FOOT 35% 12% 33% 35%
AVERAGE SOLD PRICE 34% 2% 19% 21%
AVERAGE SOLD PRICE PER SQUARE FOOT 37% 12% 34% 60%
TOTAL CONDOS SOLD -15% -25% 32% 133%
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 1% 0% 1% 18%
(Source: MLS/CLAW)