quarter 1...the agency report // 2018 // quarter one the average price for homes sold over $1...
TRANSCRIPT
The Agency Report
Q U A R T E R 1
Q118
table of contents
No. 04
Q 1 2 0 1 8 at a g l a n c e
No. 06
s i n g l e - f a m i ly r e s i d e n c e s a l e s o v e r v i e w
No. 10
c o n d o m i n i u m s a l e s o v e r v i e w
No. 08
s i n g l e - f a m i ly r e s i d e n c e s a l e s b y n e i g h b o r h o o d
No. 12
c o n d o m i n i u m s a l e s b y n e i g h b o r h o o d
No. 14
n e i g h b o r h o o d o v e r v i e w
No. 16
p e r f o r m a n c e b y n e i g h b o r h o o d
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q1 2018 at a glanceThe Spring Rally is now underway. Prices in L.A.’s prime neighborhoods increased in the first quarter for both single-family homes and condominiums. Meanwhile, the average number of days on market before a listing went under contract decreased.
But before we get to the numbers, here’s a look at what we were up to during Q1.
No
. 5
SCENE
HEARD
scene
and heard
We made it socially acceptable to sip Grey Goose-spiked Arnold Palmers on the green before 9am as sponsors of the 2018 Genesis Open VIP Backlot.
We opened our Malibu office with top-producing Malibu native Sandro Dazzan at the helm. Overlooking the famed coastline of mansions and surf, it officially has the best view of all 16 office locations.
In case anyone in the Coachella Valley wasn’t already aware, we elevate mixing business with pleasure to an art form, as we closed out El Paseo Fashion Week with a bang by hosting an after-party at our Palm Desert office.
Founder and CEO Mauricio Umansky was ranked #118 on the SP200 — that’s Swanepoel Power 200 — list of the most powerful and influential leaders in the industry.
Six of our own were named among Variety magazine’s 2018 “Showbiz Real Estate Elite” list of the most trusted and esteemed agents among the Hollywood set.
The Los Angeles Business Journal ranked The Agency #7 on its list of L.A. County’s top residential real estate brokerages. Not too shabby for the smallest and youngest firm on the list.
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The average price for homes sold over $1 million increased by 2.3% compared to one year ago, while the average price per square foot increased by 7.2% over the same period.
Inventory increased moderately over the past 12 months, and as of the end of the quarter there were 1,490 active listings.
Despite increasing prices, the number of sales per quarter has remained essentially flat compared to the same quarter last year.
The average sale price to list price discount was 3.1% last quarter.
The average number of days on market decreased by 14.9% last quarter, an indication of strong demand.
single-family residence
sales overviewL.A.’s Prime Markets Over $1,000,000
Source: The MLS/CLAW
No
. 7N
o. 7
$1M
M -
$3
MM
$3
MM
- $
5M
M$
5M
M+
q1-18 market performance by price segment
q1-18 market performance snapshot
Q1-18 YoY % Q1-17 QoQ % Q4-17
Average Sale Price $2,698,595 2.3% $2,636,709 3.7% $2,601,984 Average List Price $2,784,458 1.5% $2,743,704 4.0% $2,677,664
Average PPSF $898 7.2% $838 1.4% $886 Median Sale Price $1,897,000 5.4% $1,800,000 3.9% $1,825,000
Median PPSF $815 8.4% $751 0.6% $810 Number of Sales 1,024 -0.4% 1,028 -15.8% 1,216 Days on Market 63 -14.9% 74 16.0% 54
Sold vs List Price -3.1% NA -3.9% NA -2.8%
Active Listings (end of Q) 1,490 10.6% 1,347 13.7% 1,310
# of Sales Avg. Sale Price Median Sale Price DOM Avg. PPSF
Q1-18 781 $1,767,096 $1,687,500 36 $747 Change -3.8% 2.8% 5.2% -28.0% 7.2%Q1-17 812 $1,718,857 $1,604,000 50 $697
Q1-18 781 $1,767,096 $1,687,500 36 $747
Change -17.3% 3.5% 5.1% 2.9% -1.8%
Q4-17 944 $1,707,951 $1,605,050 35 $761
# of Sales Avg. Sale Price Median Sale Price DOM Avg. PPSF
Q1-18 158 $3,740,121 $3,640,000 53 $905
Change 24.4% -1.8% -1.5% -11.0% -3.6%Q1-17 127 $3,806,863 $3,695,000 59 $939
Q1-18 158 $3,740,121 $3,640,000 53 $905 Change -12.7% 0.2% 1.3% 22.1% -2.5%
Q4-17 181 $3,734,346 $3,595,000 43 $929
# of Sales Avg. Sale Price Median Sale Price DOM Avg. PPSF
Q1-18 85 $9,321,422 $7,100,000 70 $1,335
Change -4.5% -0.2% -3.4% -19.5% -6.3%Q1-17 89 $9,341,046 $7,350,000 87 $1,424
Q1-18 85 $9,321,422 $7,100,000 70 $1,335 Change -6.6% -3.1% 2.2% 0.0% 1.1%Q4-17 91 $9,624,068 $6,950,000 70 $1,320
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Neighborhood # of
Sales
Avg. List
Price
Avg. Sale
Price
Sold
vs List
Price
Avg.
PPSF
#
Listed
Avg. List
Price
Avg.
PPSF
Months of
Supply
Bel Air/Holmby Hills 29 $5,557,617 $5,168,979 -6.99% $706 104 $13,999,615 $1,253 10.8
Beverly Center/Miracle Mile 40 $2,327,197 $2,271,974 -2.37% $807 33 $2,588,661 $850 2.5
Beverly Hills 32 $8,539,891 $7,936,247 -7.07% $1,478 69 $14,960,101 $1,696 6.5
Beverlywood Vicinity 22 $2,144,952 $2,099,392 -2.12% $748 19 $2,610,526 $891 2.6
Brentwood 57 $4,724,561 $4,397,119 -6.93% $960 98 $6,462,205 $1,261 5.2
Culver City 37 $1,457,494 $1,486,963 2.02% $859 25 $1,448,316 $947 2.0
Downtown L.A. 1 $1,399,000 $1,399,000 0.00% $1,032 4 $1,984,307 $1,175 12.0
Encino 59 $2,378,051 $2,508,615 5.49% $543 84 $2,898,128 $614 4.3
Hancock Park/Wilshire 38 $2,471,074 $2,424,914 -1.87% $708 56 $2,819,757 $768 4.4
Hollywood 14 $1,581,000 $1,556,214 -1.57% $676 19 $1,573,895 $739 4.1
Hollywood Hills East 27 $1,640,837 $1,626,959 -0.85% $645 32 $2,308,150 $703 3.6
Los Feliz 42 $2,123,117 $2,132,699 0.45% $707 31 $3,567,480 $737 2.2
Malibu 36 $3,031,608 $2,833,497 -6.53% $833 147 $6,186,784 $1,116 12.3
Malibu Beach 13 $9,632,692 $7,978,040 -17.18% $1,812 68 $11,408,792 $2,713 15.7
Marina del Rey 17 $1,856,588 $1,837,797 -1.01% $888 15 $3,304,800 $1,031 2.6
Mid-Wilshire 5 $1,571,600 $1,459,000 -7.16% $785 7 $1,465,571 $562 4.2
Pacific Palisades 45 $4,360,909 $4,287,521 -1.68% $1,133 58 $5,925,638 $1,039 3.9
Palms/Mar Vista 70 $1,738,784 $1,747,841 0.52% $849 29 $1,924,379 $809 1.2
Playa Vista 4 $2,601,000 $2,597,625 -0.13% $708 3 $2,697,666 $726 2.3
Santa Monica 36 $3,060,528 $3,038,671 -0.71% $1,148 48 $4,933,625 $1,257 4.0
Sherman Oaks 92 $1,765,111 $1,748,126 -0.96% $620 79 $2,104,756 $614 2.6
Silver Lake/Echo Park 37 $1,494,432 $1,590,829 6.45% $782 27 $1,517,029 $833 2.2
Studio City 72 $1,900,399 $1,895,226 -0.27% $637 67 $2,498,962 $702 2.8
Sunset Strip/Hollywood Hills West 77 $2,892,403 $2,799,327 -3.22% $940 234 $5,318,173 $1,069 9.1
Venice 41 $2,261,195 $2,219,103 -1.86% $1,192 61 $3,017,304 $1,362 4.5
West Hollywood Vicinity 29 $2,398,413 $2,375,527 -0.95% $950 33 $2,894,146 $1,247 3.4
West L.A. 19 $1,456,495 $1,447,982 -0.58% $960 18 $1,776,944 $825 2.8
Westwood/Century City 33 $2,504,089 $2,470,741 -1.33% $896 22 $3,281,518 $957 2.0
Total/Average 1,024 $2,784,458 $2,698,595 -3.08% $815 1,490 $5,576,326 $1,101 4.4
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SALES INVENTORY LISTED
single-family residence sales by neighborhood
No
. 9
total transaction activity
#S
AL
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LIS
TE
D
PR
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50
0 $0
100
$500
150
200
250
300
$1,000
350
$1,500
$2,000
$2,500
$3,000
$3,500
Beve
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iracl
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ile
Beve
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Hills
Beve
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Vici
nity
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Bel A
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lmby
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Culv
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Dow
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A.
Enci
no
Hanc
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Park
/Wils
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Los
Feliz
Mal
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Mal
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Beac
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Mar
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Del R
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Mid
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Paci
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Palm
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Play
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Sher
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Silv
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Suns
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trip
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Hills
Wes
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Vici
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Veni
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Wes
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Wes
twoo
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ty
# Listed # of Sales
Average PPSF#
of s
ales
or
list
ed
Avg. PPSF
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Source: The MLS/CLAW
condominium
sales overviewL.A.’s Prime Markets Over $500,000
The average sale price increased by 3.5% last quarter compared to the same quarter one year ago.
The average price per square foot increased by 9.1% over the same period, indicating buyers are favoring more compact homes.
The number of sales decreased by 4% over the past year.
The average sale price to list price discount was 0% last quarter. The lack of negotiation is an indication of strong demand.
Meanwhile, the number of active listings ticked up to 738, marking an increase of 6.6% compared to one year ago.
No
. 11
No
. 11
q1-18 market performance snapshot
condominium sales by bedroom count
1 B
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# of Sales Avg. Sale Price Median Sale Price DOM Avg. PPSF
Q1-18 135 $684,313 $625,000 35 $737
Change 19.5% -6.5% -3.4% -18.6% 5.0%Q1-17 113 $731,905 $647,000 43 $702
Q1-18 135 $684,313 $625,000 35 $737
Change -18.2% -1.8% -1.6% -2.8% 2.6%Q4-17 165 $697,184 $635,000 36 $719
# of Sales Avg. Sale Price Median Sale Price DOM Avg. PPSF
Q1-18 468 $969,246 $855,000 30 $625
Change -12.7% 7.3% 11.8% -23.1% 9.0%Q1-17 536 $902,996 $765,000 39 $573 Q1-18 468 $969,246 $855,000 30 $625
Change -23.9% 2.9% 5.6% -16.7% 4.5%Q4-17 615 $942,120 $810,000 36 $598
# of Sales Avg. Sale Price Median Sale Price DOM Avg. PPSF
Q1-18 207 $1,272,509 $995,000 33 $568
Change 4.0% 0.9% 7.0% -41.1% 4.9%
Q1-17 199 $1,260,740 $929,900 56 $542
Q1-18 207 $1,272,509 $995,000 33 $568
Change -21.9% 0.8% -0.5% -21.4% -1.2%Q4-17 265 $1,262,171 $1,000,000 42 $575
No
. 11
Q1-18 YoY % Q1-17 QoQ % Q4-17
Average Sale Price $995,064 3.5% $961,695 1.5% $980,578 Average List Price $994,639 2.2% $972,826 0.9% $985,465
Average PPSF $673 9.1% $616 3.0% $653 Median Sale Price $820,000 5.4% $777,770 0.0% $820,000
Median PPSF $631 8.1% $583 2.9% $613 Number of Sales 823 -4.0% 857 -22.1% 1,056 Days on Market 49 -11.7% 55 -2.1% 50
Sold vs List Price 0.0% NA -1.1% NA -0.5%Active Listings (end of Q) 738 6.6% 692 41.9% 520
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Neighborhood # of
Sales
Avg. List
Price
Avg. Sale
Price
Sold
vs List
Price
Avg.
PPSF
#
Listed
Avg. List
Price
Avg.
PPSF
Months of
Supply
Bel Air/Holmby Hills 1 $979,900 $949,000 -3.15% $571 0 - - -
Beverly Center/Miracle Mile 10 $820,500 $818,965 -0.19% $612 7 $977,542 $762 2.1
Beverly Hills 21 $1,344,314 $1,356,695 0.92% $734 28 $2,629,107 $1,200 4.0
Beverlywood Vicinity 7 $973,136 $987,357 1.46% $669 6 $2,514,500 $1,096 2.6
Brentwood 27 $923,885 $941,521 1.91% $657 28 $1,172,178 $655 3.1
Culver City 37 $673,616 $696,843 3.45% $562 9 $690,933 $667 0.7
Downtown L.A. 75 $929,649 $901,539 -3.02% $693 107 $1,258,814 $815 4.3
Encino 22 $703,769 $703,011 -0.11% $388 17 $711,204 $387 2.3
Hancock Park/Wilshire 32 $688,513 $698,919 1.51% $479 28 $912,846 $526 2.6
Hollywood 20 $771,964 $766,025 -0.77% $570 31 $1,105,611 $659 4.7
Hollywood Hills East 1 $730,000 $715,000 -2.05% $497 2 $664,750 $437 6.0
Los Feliz 5 $738,400 $766,900 3.86% $828 0 - - -
Malibu 13 $1,206,453 $1,168,145 -3.18% $676 21 $1,426,619 $859 4.8
Malibu Beach 2 $1,035,000 $1,030,000 -0.48% $394 12 $1,327,083 $1,389 18.0
Marina del Rey 66 $1,203,491 $1,189,961 -1.12% $659 53 $1,559,337 $878 2.4
Mid-Wilshire 35 $664,583 $658,559 -0.91% $505 29 $811,577 $558 2.5
Pacific Palisades 14 $1,322,964 $1,308,446 -1.10% $638 13 $2,286,842 $954 2.8
Palms/Mar Vista 12 $746,817 $770,500 3.17% $569 5 $670,400 $714 1.3
Playa Vista 14 $1,091,250 $1,109,071 1.63% $781 17 $1,120,947 $719 3.6
Santa Monica 83 $1,245,330 $1,286,789 3.33% $944 86 $1,873,238 $1,113 3.1
Sherman Oaks 45 $610,864 $628,329 2.86% $419 19 $675,860 $410 1.3
Silver Lake - Echo Park 12 $721,333 $752,458 4.31% $570 5 $1,042,735 $600 1.3
Studio City 29 $712,683 $716,586 0.55% $470 13 $729,300 $510 1.3
Sunset Strip/Hollywood Hills West 16 $714,000 $703,844 -1.42% $584 17 $2,477,866 $1,256 3.2
Venice 8 $1,609,000 $1,568,625 -2.51% $905 12 $2,338,000 $1,220 4.5
West Hollywood Vicinity 72 $879,313 $873,024 -0.72% $683 48 $1,470,167 $873 2.0
West L.A. 22 $939,864 $966,623 2.85% $593 14 $930,221 $625 1.9
Westwood/Century City 122 $1,358,422 $1,337,121 -1.57% $650 111 $2,880,591 $1,101 2.7
Total/Average 823 $994,639 $995,064 0.04% $631 738 $1,638,053 $877 2.7
condominium sales by neighborhood
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SALES INVENTORY LISTED
No
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#S
AL
ES
OR
LIS
TE
D
PR
ICE
50
0 $0
100
$500
150
200
$1,000
250
$1,500
$2,000
$2,500
Beve
rly
Cent
er/M
iracl
e M
ile
Beve
rly
Hills
Beve
rlyw
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Vici
nity
Bren
twoo
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Bel A
ir/Ho
lmby
Hill
s
Culv
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Dow
ntow
n L.
A.
Enci
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Hanc
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Park
/Wils
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Holly
woo
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Holly
woo
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Los
Feliz
Mal
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Mal
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Beac
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Mar
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Del R
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Mid
-Wils
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Paci
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Palm
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total transaction activity
# Listed # of Sales
Average PPSF#
of s
ales
or
list
ed
Avg. PPSF
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neighborhood overview
The average price of a luxury single-family home increased dramatically during the first quarter, reaching $5,168,979 and an increase of 13.2% compared to the first quarter of last year. The number of high-end single-family home sales in Bel Air and Holmby Hills increased by 3.6% during the first quarter compared to the same quarter one year ago. The average number of days on market before a listing went into contract increased by 40.4% compared to the first quarter of last year.
bel air/holmby hills
Luxury single-family homes in Century City and Westwood sold during the first quarter increased in price by 8% compared to the same period one year ago. Average luxury condominium prices increased by 8.4% over the past year. The number of high-end single-family homes decreased by 23.3% in the past 12 months, compared to an increase of 7% for luxury condominiums.
The average price for luxury homes sold in Encino during the last quarter increased by 3.3% compared to the same quarter last year. High-end condominium prices increased by 6.1% over the same period. The number of homes sold over $1 million decreased by 3.3% compared to the same quarter one year ago. Condominium sales over $500,000 surged 37.5% over the same period.
century city/westood
encino
Luxury single-family home prices increased by 8.4% last quarter, while high-end condominium prices decreased by 9.4% over the same period. The number of single-family home transactions decreased by 5.9% during the past 12 months, while the number of condominiums sold decreased by 27.6% over the same period.
beverly hills
The high-end condominium market in Downtown Los Angeles showed signs of strength last quarter: the number of sales increased by 19.4% over the past year while the average price increased by 11.9%. The average number of days on market before a listing went into contract decreased by 4.7% over the same period.
Studio City luxury home sales increased 13.1% from 61 sales in the first quarter of 2017 to 69 sales during the first quarter of this year. Condominium sales over $500,000 decreased by 3.3% over the same period. Luxury single-family homes and condominiums increased in price over the past 12 months: single-family homes increased by 12.7% and condominiums increased by 10.1%.
downtown l.a.
studio city
The number of single-family home sales over $1 million increased by 32.6% during the first quarter of 2018 compared to the first quarter of 2017. The average sale price of luxury single-family homes decreased by 17.4% over the same period. The market for high-end condominiums also softened during the first quarter, as the number of sales decreased by 28.9% compared the same quarter one year ago while prices decreased by 8.4%.
brentwood
The number of luxury single-family home sales in Hancock Park decreased by 22.4% last quarter compared to the same quarter one year ago. The number of condominium sales over $500,000 held relatively steady last quarter: there were 32 sales in Q1 2018 compared to 31 during the same period one year ago. The average price for homes sold over $1 million decreased by 11.7% last quarter, while the average luxury condominium price increased by 1.6%.
hancock park
No
. 15
Single-family home sales in Malibu decreased by 10% in the first quarter compared to the same quarter one year ago. The average price for single-family homes decreased by 18.9% over the same period. The number of condominiums sold, however, increased by 116.7% over the past 12 months. The average condominium price also moved counter to the single-family home price, marking an increase of 10.6%.
malibu
The number of single-family homes sold for more than $1 million decreased by 18.1% last quarter compared to the same quarter one year ago. The average price for homes sold in the Sunset Strip increased by 7.2% last quarter compared to the first quarter of 2017. The number of condominium sales decreased by 5.9% last quarter, while the average sale price decreased by a surprising 58.5%. However, since the median price only decreased by 5.9% over the same period, the average price for Q1 2017 was likely dominated by one or more extremely high-priced sales.
sunset strip
The number of homes sold in Pacific Palisades decreased by 21.1% last quarter, while the average price increased by 6%. The number of condominium sales in Pacific Palisades increased from 11 sales in first quarter of 2017 to 14 sales in the same quarter of this year. The average condominium price increased by 12.9% over the same period.
pacific palisades
The West Hollywood single-family home market was very strong last quarter: the number of sales increased by 20.8%, while the average price increased by 31.5% compared to one year ago. The condominium market was mixed, with a 15.7% decrease in the number of sales and a 3.1% increase in the average price of units sold.
The number of homes sold in Sherman Oaks for more than $1 million increased by 7% last quarter. The average price for luxury homes in Sherman Oaks increased by 7.9% last quarter compared to the same quarter one year ago. Condominium sales higher than $500,000 spiked by 57.1% in the first quarter compared to one year ago. The average price for high-end condominiums increased by 4.7% last quarter compared to the first quarter of 2017.
west hollywood sherman oaks
The number of single-family homes sold for more than $1 million in Santa Monica decreased by 41.9% last quarter compared to the same quarter one year ago. The average price for luxury single-family homes increased by 13.7% during the past year. There were 82 condominium sales in the first quarter of 2018, compared to 70 sales during the same period one year ago. Condominium prices in Santa Monica increased by 6.6% during the first quarter compared to one year ago.
santa monica
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q1-18 performance by neighborhood
bel air/holmby hills marina del rey
beverly hills pacific palisades
brentwood playa vista
beverly center/miracle mile mid-wilshire
beverlywood vicintiy palms/mar vista
culver city santa monica
downtown l.a. sherman oaks
Single-Family Residence
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# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 29 $5,168,979 $2,550,000 109 $1,012
Change 3.6% 13.2% 7.6% 40.4% 8.3%
Q1-17 28 $4,566,922 $2,370,000 77 $935
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 40 $2,271,974 $1,842,500 73 $846
Change -14.9% 15.9% 17.0% 17.1% 10.1%
Q1-17 47 $1,959,527 $1,575,000 62 $769
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 32 $7,936,247 $6,602,500 81 $1,632
Change -5.9% 8.4% 23.1% -26.6% 28.1%
Q1-17 34 $7,321,834 $5,362,500 110 $1,274
s
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 22 $2,099,392 $1,687,500 49 $773
Change -26.7% 31.6% 8.5% -22.4% 5.6%
Q1-17 30 $1,594,925 $1,555,000 63 $732
w
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 1 $1,399,000 $1,399,000 5 $1,032
Change - - - - -
Q1-17 0 - - - -
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 57 $4,397,119 $3,205,000 80 $1,029
Change 32.6% -17.4% -24.2% 8.4% -8.8%
Q1-17 43 $5,322,955 $4,230,000 74 $1,128
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 37 $1,486,963 $1,394,375 41 $880
Change 37.0% 10.2% 7.6% -17.8% 15.7%
Q1-17 27 $1,349,704 $1,296,000 50 $761
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 17 $1,837,797 $1,550,000 83 $946
Change 21.4% 4.3% 1.7% 69.3% 8.8%
Q1-17 14 $1,762,214 $1,524,000 49 $869
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 5 $1,459,000 $1,280,000 30 $667
Change 0.0% 21.7% 13.2% -67.7% -3.4%
Q1-17 5 $1,199,200 $1,131,000 92 $690
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 45 $4,287,521 $3,420,687 51 $1,258
Change -21.1% 6.0% 18.2% -33.8% 21.7%
Q1-17 57 $4,045,637 $2,895,000 78 $1,034
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 70 $1,747,841 $1,617,500 43 $879
Change 37.3% 4.2% 1.4% -23.8% 7.9%
Q1-17 51 $1,676,618 $1,595,000 56 $815
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 4 $2,597,625 $2,094,500 56 $785
Change -33.3% 28.8% 15.2% 18.5% 5.1%
Q1-17 6 $2,016,167 $1,817,500 47 $746
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 36 $3,038,671 $2,628,444 42 $1,154
Change -41.9% 13.7% 20.8% -29.8% -9.8%
Q1-17 62 $2,673,666 $2,175,500 59 $1,280
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 92 $1,748,126 $1,555,000 58 $621
Change 7.0% 7.9% 3.7% -32.6% 18.3%
Q1-17 86 $1,619,564 $1,500,000 86 $524
No
. 17
q1-18 performance by neighborhood
encino silverlake/echo park
hollywood sunset strip/hollywood hills west
los feliz west hollywood vicinity
hancock park/wilshire studio city
hollywood hills east venice
malibu west l.a.
malibu beach westwood/century city
Single-Family Residence
No
. 17
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 59 $2,508,615 $1,890,000 77 $631
Change -3.3% 3.3% -0.5% 0.2% 22.2%
Q1-17 61 $2,429,082 $1,900,000 76 $517
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 38 $2,424,914 $1,845,500 65 $701
Change -22.4% -11.7% -19.2% -16.9% 2.4%
Q1-17 49 $2,746,619 $2,285,000 79 $684
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 14 $1,556,214 $1,394,000 61 $762
Change 40.0% 11.9% 14.5% 18.9% 7.0%
Q1-17 10 $1,390,650 $1,217,500 51 $712
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 26 $1,651,073 $1,580,000 55 $667
Change -3.7% -0.6% 2.7% -20.0% 4.4%
Q1-17 27 $1,661,695 $1,539,000 69 $639
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 41 $2,160,325 $1,868,000 52 $760
Change 46.4% 10.3% 16.6% -40.2% 15.3%
Q1-17 28 $1,958,814 $1,602,500 87 $659
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 36 $2,833,497 $2,537,500 123 $925
Change -10.0% -18.9% -10.7% -11.3% -12.9%
Q1-17 40 $3,492,869 $2,842,500 139 $1,062
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 13 $7,978,040 $5,447,614 174 $1,983
Change 62.5% -23.6% -29.5% 11.7% -37.7%
Q1-17 8 $10,446,869 $7,724,500 156 $3,184
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 37 $1,590,829 $1,473,500 47 $814
Change 32.1% 20.6% 21.5% -0.5% 35.5%
Q1-17 28 $1,318,719 $1,212,500 48 $601
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 69 $1,934,149 $1,700,000 49 $653
Change 13.1% 12.7% 4.4% -36.0% 6.1%
Q1-17 61 $1,716,564 $1,629,000 76 $615
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 77 $2,799,327 $2,300,000 66 $928
Change -18.1% 7.2% 19.3% -22.3% 10.6%
Q1-17 94 $2,610,993 $1,927,500 85 $839
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 41 $2,219,103 $2,000,000 69 $1,204
Change -12.8% 12.6% 19.4% 27.5% 9.6%
Q1-17 47 $1,971,016 $1,675,000 54 $1,099
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 29 $2,375,527 $1,900,000 53 $1,039
Change 20.8% 31.5% 25.4% -30.4% 28.9%
Q1-17 24 $1,806,144 $1,515,000 76 $806
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 18 $1,472,869 $1,337,500 43 $1,033
Change 63.6% -1.4% -3.4% -27.0% 41.8%
Q1-17 11 $1,494,182 $1,385,000 58 $729
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 33 $2,470,741 $2,275,000 37 $926
Change -23.3% 8.0% 17.6% -15.5% 5.0%
Q1-17 43 $2,287,603 $1,935,000 44 $882
THE
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q1-18 performance by neighborhood
bel air/holmby hills marina del rey
beverly hills pacific palisades
brentwood playa vista
beverly center/miracle mile mid-wilshire
beverlywood vicintiy palms/mar vista
culver city santa monica
downtown l.a. sherman oaks
Condominium Residence
THE
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# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 1 $949,000 $949,000 12 $571
Change - - - - -
Q1-17 0 - - - -
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 66 $1,189,961 $971,000 28 $732
Change -15.4% 10.7% 11.6% -47.7% 12.3%
Q1-17 78 $1,074,892 $870,000 54 $651
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 10 $818,965 $842,500 24 $622
Change -41.2% 11.1% 20.4% -58.5% 5.4%
Q1-17 17 $737,353 $700,000 57 $589
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 34 $663,222 $648,375 81 $516
Change -5.6% 0.2% 3.7% 95.1% 1.9%
Q1-17 36 $661,792 $625,500 42 $506
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 21 $1,356,695 $1,230,000 51 $746
Change -27.6% -9.4% 0.4% -17.7% 9.4%
Q1-17 29 $1,496,707 $1,225,000 62 $682
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 14 $1,308,446 $1,402,500 73 $725
Change 27.3% 12.9% 22.0% 33.7% 18.6%
Q1-17 11 $1,159,364 $1,150,000 55 $611
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 12 $770,500 $740,500 34 $584
Change -47.8% 11.5% 10.5% 13.0% 2.1%
Q1-17 23 $690,830 $670,000 30 $572
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 27 $941,521 $832,000 36 $678
Change -28.9% -8.4% -6.8% -15.6% 12.6%
Q1-17 38 $1,028,358 $893,000 43 $602
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 14 $1,109,071 $931,500 21 $787
Change -50.0% 0.9% -1.4% -60.6% 20.6%
Q1-17 28 $1,099,166 $945,000 53 $652
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 7 $987,357 $920,000 55 $662
Change -41.7% 39.2% 38.4% 72.8% 16.3%
Q1-17 12 $709,083 $664,500 32 $570
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 37 $696,843 $640,000 28 $562
Change 68.2% -1.7% 0.8% -1.2% 8.5%
Q1-17 22 $709,218 $635,000 28 $518
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 82 $1,296,384 $1,185,000 42 $956
Change 17.1% 6.6% 22.7% -18.9% 9.8%
Q1-17 70 $1,216,159 $965,500 52 $871
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 74 $906,965 $697,000 67 $744
Change 19.4% 11.9% -2.9% -4.7% 7.5%
Q1-17 62 $810,398 $717,500 70 $692
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 44 $631,245 $612,500 30 $416
Change 57.1% 4.7% 3.1% -36.1% 10.8%
Q1-17 28 $603,139 $594,250 47 $376
No
. 19
q1-18 performance by neighborhood
encino silverlake/echo park
hollywood sunset strip/hollywood hills west
los feliz west hollywood vicinity
hancock park/wilshire studio city
hollywood hills east venice
malibu west l.a.
malibu beach westwood/century city
Condominium Residence
No
. 19
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 22 $703,011 $668,000 59 $413
Change 37.5% 6.1% 2.2% -13.3% 19.5%
Q1-17 16 $662,438 $653,500 68 $345
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 12 $752,458 $725,000 24 $580
Change -50.0% 0.0% 0.0% -65.3% 16.8%
Q1-17 24 $752,491 $725,000 68 $497
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 29 $716,586 $635,000 50 $485
Change -3.3% 10.1% 5.8% -25.5% 10.6%
Q1-17 30 $650,658 $600,000 67 $439
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 32 $698,919 $712,000 47 $508
Change -3.0% 1.6% 9.5% -29.7% 7.0%
Q1-17 33 $687,871 $650,000 67 $474
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 20 $766,025 $717,500 63 $585
Change -25.9% -14.1% -6.0% -1.7% -4.6%
Q1-17 27 $891,363 $763,500 64 $614
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 16 $703,844 $653,750 83 $633
Change -5.9% -58.5% -5.9% 14.3% -15.1%
Q1-17 17 $1,694,588 $695,000 72 $746
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 8 $1,568,625 $1,510,000 163 $875
Change 0.0% 23.0% 12.1% 305.3% 8.0%
Q1-17 8 $1,275,000 $1,347,500 40 $810
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 1 $715,000 $715,000 96 $497
Change -50.0% 19.2% 19.2% 357.1% -7.1%
Q1-17 2 $600,000 $600,000 21 $535
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 5 $766,900 $828,000 72 $701
Change 150.0% 14.0% 23.1% -24.0% 20.0%
Q1-17 2 $672,500 $672,500 95 $584
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 70 $883,682 $785,000 45 $703
Change -15.7% 3.1% 6.5% 1.7% 7.5%
Q1-17 83 $857,014 $737,024 45 $654
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 22 $966,623 $942,500 28 $617
Change -26.7% 17.4% 9.0% -44.8% 4.6%
Q1-17 30 $823,165 $864,500 50 $589
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 122 $1,337,121 $975,000 56 $705
Change 7.0% 8.4% 9.9% -15.2% 13.6%
Q1-17 114 $1,232,999 $887,500 66 $620
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 13 $1,168,145 $1,200,000 52 $699
Change 116.7% 10.6% 11.6% -38.2% 23.3%
Q1-17 6 $1,056,285 $1,075,000 84 $567
# of
Sales
Avg. Sale
Price
Median Sale
Price
DOM Avg. PPSF
Q1-18 2 $1,030,000 $1,030,000 71 $394
Change -33.3% 25.1% 39.2% -37.2% -47.8%
Q1-17 3 $823,333 $740,000 112 $756
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