september 2012 los angeles area market report
DESCRIPTION
This contians real estate market data for Sepetember 2012 for the City of Los Angeles areas of Los Angeles County.TRANSCRIPT
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
Sept 2011 Sept 2012 %Change
Median Price $1,524,122 $1,376,444 -10
Properties Sold 16 16 0
Sales Volume $45,721,045 $42,101,888 -8
Properties Pending Sale 8 10 25
Properties For Sale 173 123 -29
Average Days on Market 124 107 -14
Month’s Supply of Inventory 18 10 -43
Percent Under Contract 4.6 8.1 76
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
Sept 2011 Sept 2012 %Change
Median Price $885,000 $1,075,000 21
Properties Sold 20 15 -25
Sales Volume $17,392,780 $17,170,530 -1
Properties Pending Sale 16 14 -13
Properties For Sale 100 58 -42
Average Days on Market 68 85 25
Month’s Supply of Inventory 4 2 -41
Percent Under Contract 16 24.1 51
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
Sept 2011 Sept 2012 %Change
Median Price $2,472,500 $3,984,531 61
Properties Sold 10 14 40
Sales Volume $34,867,000 $73,406,448 111
Properties Pending Sale 10 21 110
Properties For Sale 146 122 -16
Average Days on Market 96 76 -21
Month’s Supply of Inventory 12 4 -65
Percent Under Contract 6.8 17.2 151
*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
Sept 2011 Sept 2012 %Change
Median Price $1,702,500 $1,861,250 9
Properties Sold 10 16 60
Sales Volume $33,454,000 $30,004,370 -10
Properties Pending Sale 11 20 82
Properties For Sale 189 119 -37
Average Days on Market 98 99 1
Month’s Supply of Inventory 14 4 -70
Percent Under Contract 5.8 16.8 189
*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
Sept 2011 Sept 2012 %Change
Median Price $631,000 $752,500 19
Properties Sold 12 16 33
Sales Volume $7,980,230 $11,573,500 45
Properties Pending Sale 11 9 -18
Properties For Sale 98 47 -52
Average Days on Market 52 30 -42
Month’s Supply of Inventory 7 4 -42
Percent Under Contract 11.2 19.1 71
*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
Sept 2011 Sept 2012 %Change
Median Price $1,615,000 $1,796,242 11
Properties Sold 16 18 13
Sales Volume $29,496,275 $38,709,558 31
Properties Pending Sale 13 17 31
Properties For Sale 166 116 -30
Average Days on Market 70 74 6
Month’s Supply of Inventory 10 5 -48
Percent Under Contract 7.8 14.7 87
*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
Sept 2011 Sept 2012 %Change
Median Price $1,170,000 $1,162,500 -1
Properties Sold 12 2 -83
Sales Volume $15,143,210 $2,325,000 -85
Properties Pending Sale 8 4 -50
Properties For Sale 48 21 -56
Average Days on Market 48 31 -35
Month’s Supply of Inventory 4 3 -14
Percent Under Contract 16.7 19 14
*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
Sept 2011 Sept 2012 %Change
Median Price $567,000 $630,000 11
Properties Sold 16 19 19
Sales Volume $9,130,500 $11,885,265 30
Properties Pending Sale 16 13 -19
Properties For Sale 78 59 -24
Average Days on Market 53 44 -17
Month’s Supply of Inventory 3 3 -6
Percent Under Contract 20.5 32 7
*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
Sept 2011 Sept 2012 %Change
Median Price $992,250 $850,000 -14
Properties Sold 20 23 15
Sales Volume $21,587,250 $22,285,370 3
Properties Pending Sale 19 26 37
Properties For Sale 173 97 -44
Average Days on Market 84 54 -36
Month’s Supply of Inventory 7 3 -64
Percent Under Contract 11 26.8 144
*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
Sept 2011 Sept 2012 %Change
Median Price $375,000 $850,000 127
Properties Sold 1 3 200
Sales Volume $375,000 $1,329,000 254
Properties Pending Sale 4 6 50
Properties For Sale 44 17 -61
Average Days on Market 22 35 59
Month’s Supply of Inventory 9 1 -87
Percent Under Contract 9.1 35.3 288
*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
Sept 2011 Sept 2012 %Change
Median Price $1,026,750 $1,000,000 -3
Properties Sold 10 11 10
Sales Volume $10,118,500 $7,507,000 -26
Properties Pending Sale 3 18 500
Properties For Sale 103 84 -18
Average Days on Market 113 95 -16
Month’s Supply of Inventory 30 3 -89
Percent Under Contract 2.9 21.4 636
*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
Sept 2011 Sept 2012 %Change
Median Price $741,250 $852,000 15
Properties Sold 20 20 0
Sales Volume $15,962,405 $22,760,330 43
Properties Pending Sale 12 22 83
Properties For Sale 142 97 -32
Average Days on Market 21 72 243
Month’s Supply of Inventory 10 3 -72
Percent Under Contract 8.5 22.7 168
*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
Sept 2011 Sept 2012 %Change
Median Price $2,950,000 $2,151,228 -27
Properties Sold 10 16 60
Sales Volume $31,594,000 $43,495,207 38
Properties Pending Sale 8 19 138
Properties For Sale 279 198 -29
Average Days on Market 220 114 -48
Month’s Supply of Inventory 30 8 -73
Percent Under Contract 2.9 9.6 235
*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
Sept 2011 Sept 2012 %Change
Median Price $3,175,000 $6,500,000 105
Properties Sold 4 7 75
Sales Volume $12,625,000 $72,718,890 476
Properties Pending Sale 1 7 600
Properties For Sale 111 96 -14
Average Days on Market 101 119 18
Month’s Supply of Inventory 104 11 -90
Percent Under Contract 0.9 7.3 709
*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.
Sept 2011 Sept 2012 %Change
Median Price $1,482,000 $1,494,500 1
Properties Sold 5 3 -40
Sales Volume $6,475,000 $3,588,500 -45
Properties Pending Sale 4 6 50
Properties For Sale 38 19 -50
Average Days on Market 87 79 -9
Month’s Supply of Inventory 7 2 -76
Percent Under Contract 10.5 31.6 200
Mid Los Angeles
Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m
Sept 2011 Sept 2012 %Change
Median Price $225,000 $228,500 2
Properties Sold 29 26 -10
Sales Volume $4,788,890 $4,609,900 -4
Properties Pending Sale 21 39 86
Properties For Sale 235 134 -43
Average Days on Market 66 58 -12
Month’s Supply of Inventory 10 2 -77
Percent Under Contract 8.9 29.1 226
*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
Sept 2011 Sept 2012 %Change
Median Price $250,000 $415,000 66
Properties Sold 5 7 40
Sales Volume $1,081,000 $1,692,900 57
Properties Pending Sale 1 5 400
Properties For Sale 36 22 -39
Average Days on Market 61 130 113
Month’s Supply of Inventory 29 3 -88
Percent Under Contract 2.8 22.7 718
*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
Sept 2011 Sept 2012 %Change
Median Price $1,810,000 $2,300,000 27
Properties Sold 21 26 24
Sales Volume $54,350,978 $77,180,875 42
Properties Pending Sale 23 19 -17
Properties For Sale 190 133 -30
Average Days on Market 74 50 -32
Month’s Supply of Inventory 6 6 -7
Percent Under Contract 12.1 14.3 18
*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
Sept 2011 Sept 2012 %Change
Median Price $639,000 $750,000 17
Properties Sold 30 42 40
Sales Volume $21,020,018 $31,964,650 52
Properties Pending Sale 24 29 21
Properties For Sale 148 80 -46
Average Days on Market 75 36 -52
Month’s Supply of Inventory 5 2 -64
Percent Under Contract 16.2 36.3 124
*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
Sept 2011 Sept 2012 %Change
Median Price $1,054,500 $890,000 -16
Properties Sold 2 1 -50
Sales Volume $1,199,000 $890,000 -26
Properties Pending Sale 1 0 -100
Properties For Sale 6 2 -67
Average Days on Market 13 0 -100
Month’s Supply of Inventory 3 0 -100
Percent Under Contract 16.7 0 -100
*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
Sept 2011 Sept 2012 %Change
Median Price $1,351,000 $1,930,000 43
Properties Sold 18 26 44
Sales Volume $27,246,783 $59,717,000 119
Properties Pending Sale 12 18 50
Properties For Sale 129 96 -26
Average Days on Market 89 41 -54
Month’s Supply of Inventory 9 4 -59
Percent Under Contract 9.3 18.8 102
*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
Sept 2011 Sept 2012 %Change
Median Price $676,300 $593,450 -12
Properties Sold 23 22 -4
Sales Volume $12,727,800 $11,359,900 -11
Properties Pending Sale 22 21 -5
Properties For Sale 151 73 -52
Average Days on Market 58 63 9
Month’s Supply of Inventory 5 2 -56
Percent Under Contract 14.6 28.8 97
*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
Sept 2011 Sept 2012 %Change
Median Price $981,250 $1,210,000 14
Properties Sold 30 23 -23
Sales Volume $35,341,500 $35,150,990 -1
Properties Pending Sale 14 38 171
Properties For Sale 308 258 -16
Average Days on Market 79 96 22
Month’s Supply of Inventory 19 5 -72
Percent Under Contract 4.5 14.7 224
*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
Sept 2011 Sept 2012 %Change
Median Price $1,150,000 $1,300,000 13
Properties Sold 11 17 55
Sales Volume $13,640,000 $21,515,500 58
Properties Pending Sale 13 18 38
Properties For Sale 114 74 -35
Average Days on Market 66 57 -14
Month’s Supply of Inventory 6 3 -56
Percent Under Contract 11.4 24.3 113
*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
Sept 2011 Sept 2012 %Change
Median Price $887,000 $1,090,000 23
Properties Sold 9 10 11
Sales Volume $9,930,000 $13,795,000 39
Properties Pending Sale 7 14 100
Properties For Sale 78 41 -47
Average Days on Market 85 60 -29
Month’s Supply of Inventory 9 2 -82
Percent Under Contract 9 34.1 280
*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
Sept 2011 Sept 2012 %Change
Median Price $727,400 $667,732 -8
Properties Sold 7 4 -43
Sales Volume $5,082,400 $2,600,465 -49
Properties Pending Sale 3 9 200
Properties For Sale 37 38 3
Average Days on Market 104 35 -66
Month’s Supply of Inventory 11 3 -71
Percent Under Contract 8.1 23.7 192
*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
Sept 2011 Sept 2012 %Change
Median Price $1,097,500 $1,255,000 14
Properties Sold 12 12 0
Sales Volume $14,116,250 $16,391,500 16
Properties Pending Sale 13 19 46
Properties For Sale 77 51 -34
Average Days on Market 68 48 -29
Month’s Supply of Inventory 4 2 -64
Percent Under Contract 16.9 37.3 121
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
RODEO REALTY MARKETING DEPARTMENT