Los Angeles - Westside

RodeoMarketReports.com

Local Market Report

At Rodeo Realty, we believe education is the key to helping clients make the best possible decisions about buying and selling homes. Our Local Market Reports provide comprehensive analyses of real estate trends in specific communities, versus quoting national, state, and/or county statistics. The fact is market conditions can vary greatly from neighborhood to neighborhood, and sometimes from one block to the next.

Bel Air - Holmby Hills

Beverly Center - Miracle Mile

Beverly Hills

Beverly Hills P.O.

Beverlywood

Brentwood

Cheviot Hills - Rancho Park

Culver City

Hancock Park - Wilshire

Hollywood

Hollywood Hills East

Los Feliz

Malibu

Malibu Beach

Table of Contents

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

2

3

4

5

6

7

8

9

10

11

12

13

14

15

Marina del Rey

Mid Los Angeles

Mid Wilshire

Pacific Palisades

Palms - Mar Vista

Playa Vista

Santa Monica

Silverlake - Echo Park

Sunset Strip - Hollywood Hills West

Venice

West Hollywood

West Los Angeles

Westwood - Century City

16

17

18

19

20

21

22

23

24

25

26

27

28

Bel Air-Holmby Hills

Dec 2011 Dec 2012 %Change

Median Price $1,609,250 $1,918,000 19

Properties Sold 19 19 0

Sales Volume $54,595,750 $61,758,087 13

Properties Pending Sale 3 17 467

Properties For Sale 132 116 -12

Average Days on Market 125 160 28

Month’s Supply of Inventory 35 5 -86

Percent Under Contract 2.3 14.7 545

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Beverly Center - Miracle Mile

Dec 2011 Dec 2012 %Change

Median Price $864,750 $999,000 16

Properties Sold 10 21 110

Sales Volume $10,883,500 $26,060,960 139

Properties Pending Sale 9 17 89

Properties For Sale 68 52 -24

Average Days on Market 32 25 -22

Month’s Supply of Inventory 5 2 -66

Percent Under Contract 13.2 32.7 147

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Beverly Hills

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $2,280,000 $5,097,500 124

Properties Sold 14 22 57

Sales Volume $50,857,500 $102,582,500 102

Properties Pending Sale 9 14 56

Properties For Sale 121 85 -30

Average Days on Market 95 145 53

Month’s Supply of Inventory 11 5 -58

Percent Under Contract 7.4 16.5 121

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Beverly Hills P.O.

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $2,048,750 $1,430,000 -30

Properties Sold 12 15 25

Sales Volume $30,711,100 $25,714,755 -16

Properties Pending Sale 11 11 0

Properties For Sale 155 92 -41

Average Days on Market 162 118 -27

Month’s Supply of Inventory 11 6 -42

Percent Under Contract 7.1 12 68

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Beverlywood

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $755,000 $799,500 6

Properties Sold 8 18 125

Sales Volume $6,940,026 $16,016,395 131

Properties Pending Sale 11 6 -45

Properties For Sale 74 35 -53

Average Days on Market 51 80 57

Month’s Supply of Inventory 5 4 -23

Percent Under Contract 14.9 17.1 15

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Brentwood

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $2,020,000 $2,150,000 6

Properties Sold 9 32 256

Sales Volume $16,440,013 $108,136,315 558

Properties Pending Sale 6 21 250

Properties For Sale 125 84 -33

Average Days on Market 100 137 37

Month’s Supply of Inventory 16 3 -84

Percent Under Contract 4.8 25 421

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Cheviot Hills - Rancho Park

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $1,378,500 $1,395,000 1

Properties Sold 6 9 50

Sales Volume $7,239,498 $14,055,601 94

Properties Pending Sale 2 2 0

Properties For Sale 25 10 -60

Average Days on Market 110 16 -85

Month’s Supply of Inventory 9 3 -67

Percent Under Contract 8 20 150

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Culver City

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $552,000 $649,000 18

Properties Sold 15 23 53

Sales Volume $6,567,300 $12,999,900 98

Properties Pending Sale 12 13 8

Properties For Sale 67 39 -42

Average Days on Market 66 41 -38

Month’s Supply of Inventory 4 2 -57

Percent Under Contract 17.9 33.3 86

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Hancock Park - Wilshire

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $946,475 $1,250,000 32

Properties Sold 18 25 39

Sales Volume $18,572,773 $38,478,500 107

Properties Pending Sale 12 12 0

Properties For Sale 137 59 -57

Average Days on Market 61 75 23

Month’s Supply of Inventory 8 3 -61

Percent Under Contract 8.8 20.3 132

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Hollywood

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $350,000 $1,250,000 257

Properties Sold 5 3 -40

Sales Volume $1,396,000 $3,535,500 153

Properties Pending Sale 3 6 100

Properties For Sale 38 15 -61

Average Days on Market 146 20 -86

Month’s Supply of Inventory 10 1 -87

Percent Under Contract 7.9 40 407

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Hollywood Hills East

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $700,000 $950,000 36

Properties Sold 13 20 54

Sales Volume $10,373,500 $17,414,500 68

Properties Pending Sale 13 12 -8

Properties For Sale 87 47 -46

Average Days on Market 96 69 -30

Month’s Supply of Inventory 4 3 -37

Percent Under Contract 14.9 25.5 17

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Los Feliz

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $849,000 $880,000 4

Properties Sold 20 15 -25

Sales Volume $20,307,150 $14,087,000 -31

Properties Pending Sale 15 16 7

Properties For Sale 113 75 -34

Average Days on Market 77 65 -16

Month’s Supply of Inventory 6 3 -42

Percent Under Contract 13.3 21.3 61

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Malibu

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $2,275,000 $2,187,500 -4

Properties Sold 20 24 20

Sales Volume $55,261,545 $59,888,829 8

Properties Pending Sale 14 14 0

Properties For Sale 236 149 -37

Average Days on Market 172 204 19

Month’s Supply of Inventory 13 8 -36

Percent Under Contract 5.9 9.4 58

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Malibu Beach

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $0 $6,200,000 n/a

Properties Sold 0 9 n/a

Sales Volume $0 $82,434,105 n/a

Properties Pending Sale 0 3 n/a

Properties For Sale 98 75 -23

Average Days on Market 0 440 n/a

Month’s Supply of Inventory 0 18 n/a

Percent Under Contract 0 4 n/a

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Marina del Rey

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Dec 2011 Dec 2012 %Change

Median Price $1,525,000 $1,290,000 -15

Properties Sold 1 4 300

Sales Volume $1,525,000 $5,440,000 257

Properties Pending Sale 3 1 -67

Properties For Sale 25 10 -60

Average Days on Market 128 25 -80

Month’s Supply of Inventory 6 9 50

Percent Under Contract 12 10 -17

Mid Los Angeles

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $240,600 $297,000 23

Properties Sold 28 40 43

Sales Volume $3,730,950 $8,436,000 126

Properties Pending Sale 19 28 47

Properties For Sale 219 122 -44

Average Days on Market 68 66 -3

Month’s Supply of Inventory 9 3 -71

Percent Under Contract 8.7 23 165

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Mid Wilshire

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $275,000 $425,000 55

Properties Sold 5 3 -40

Sales Volume $1,586,000 $1,395,000 -12

Properties Pending Sale 1 8 700

Properties For Sale 39 23 -41

Average Days on Market 17 54 218

Month’s Supply of Inventory 32 2 -95

Percent Under Contract 2.6 34.8 1257

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Pacific Palisades

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $1,284,250 $1,881,000 46

Properties Sold 19 30 58

Sales Volume $38,042,750 $73,078,250 92

Properties Pending Sale 16 17 6

Properties For Sale 122 82 -33

Average Days on Market 89 63 -29

Month’s Supply of Inventory 5 3 -39

Percent Under Contract 13.1 20.7 58

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Palms - Mar Vista

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $760,000 $759,500 0

Properties Sold 19 30 58

Sales Volume $15,034,000 $21,922,700 46

Properties Pending Sale 20 22 10

Properties For Sale 111 50 -55

Average Days on Market 69 23 -67

Month’s Supply of Inventory 4 1 -74

Percent Under Contract 18 44 144

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Playa Vista

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $800,000 $0 -100

Properties Sold 1 1 -100

Sales Volume $800,000 $0 -100

Properties Pending Sale 0 0 n/a

Properties For Sale 2 1 -50

Average Days on Market 0 0 n/a

Month’s Supply of Inventory 0 0 n/a

Percent Under Contract 0 0 n/a

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Santa Monica

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $1,693,000 $1,973,000 17

Properties Sold 19 26 37

Sales Volume $34,824,605 $53,678,150 54

Properties Pending Sale 11 11 0

Properties For Sale 103 58 -44

Average Days on Market 120 48 -60

Month’s Supply of Inventory 7 3 -56

Percent Under Contract 10.7 19 78

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Silverlake - Echo Park

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $515,000 $510,000 -1

Properties Sold 25 29 16

Sales Volume $12,235,000 $14,253,000 16

Properties Pending Sale 24 20 43

Properties For Sale 126 79 -37

Average Days on Market 61 41 -33

Month’s Supply of Inventory 7 2 -65

Percent Under Contract 11.1 25.3 128

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Sunset Strip - Hollywood Hills West

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $1,470,000 $1,282,000 -13

Properties Sold 32 46 44

Sales Volume $43,917,390 $73,869,794 68

Properties Pending Sale 14 30 114

Properties For Sale 262 189 -28

Average Days on Market 114 99 -13

Month’s Supply of Inventory 15 4 -72

Percent Under Contract 5.3 15.9 197

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Venice

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $1,145,000 $1,306,092 14

Properties Sold 15 22 47

Sales Volume $18,286,500 $33,623,185 84

Properties Pending Sale 6 8 33

Properties For Sale 92 43 -53

Average Days on Market 27 69 156

Month’s Supply of Inventory 11 4 -65

Percent Under Contract 6.5 18.6 18

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

West Hollywood

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $1,116,450 $1,011,500 -9

Properties Sold 10 6 -40

Sales Volume $13,192,900 $6,498,000 -51

Properties Pending Sale 7 3 -57

Properties For Sale 55 29 -47

Average Days on Market 47 81 72

Month’s Supply of Inventory 5 7 26

Percent Under Contract 12.7 10.3 -19

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

West Los Angeles

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $530,000 $579,000 9

Properties Sold 9 8 -11

Sales Volume $3,609,550 $3,899,000 8

Properties Pending Sale 5 7 40

Properties For Sale 40 23 -43

Average Days on Market 21 33 57

Month’s Supply of Inventory 6 2 -64

Percent Under Contract 12.5 30.4 143

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Westwood - Century City

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $1,558,303 $1,277,750 -18

Properties Sold 17 20 18

Sales Volume $31,913,356 $33,367,058 5

Properties Pending Sale 11 8 -27

Properties For Sale 55 23 -58

Average Days on Market 47 16 -66

Month’s Supply of Inventory 3 3 -48

Percent Under Contract 20 34.8 74

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

RODEO REALTY MARKETING DEPARTMENT