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This provides real estate market data for the Los Angeles area.
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Los Angeles - Westside
RodeoRE.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 o R E . c om
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
July 2012 July 2013 %Change
Median Price $1,925,000 $2,062,500 7
Properties Sold 9 16 78
Sales Volume $18,810,000 $57,565,000 206
Properties Pending Sale 13 20 54
Properties For Sale 147 128 -13
Average Days on Market 49 46 -6
Month’s Supply of Inventory 9 5 -44
Percent Under Contract 8.8 15.6 77
Rodeo RealtyR o d e o R E . c om
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Beverly Center - Miracle Mile
July 2012 July 2013 %Change
Median Price $800,000 $1,210,000 51
Properties Sold 20 22 10
Sales Volume $17,799,750 $27,894,200 57
Properties Pending Sale 26 30 15
Properties For Sale 94 71 -24
Average Days on Market 41 35 -15
Month’s Supply of Inventory 2 1 -50
Percent Under Contract 27.7 42.3 53
Rodeo RealtyR o d e o R E . c om
*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 o R E . c om
July 2012 July 2013 %Change
Median Price $2,725,000 $3,700,000 36
Properties Sold 11 14 27
Sales Volume $31,996,500 $63,947,315 100
Properties Pending Sale 11 18 64
Properties For Sale 153 117 -24
Average Days on Market 90 60 -33
Month’s Supply of Inventory 11 5 -55
Percent Under Contract 7.2 15.4 114
*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 o R E . c om
July 2012 July 2013 %Change
Median Price $1,728,000 $2,200,500 27
Properties Sold 11 20 82
Sales Volume $22,369,130 $70,011,905 213
Properties Pending Sale 16 20 25
Properties For Sale14 146 124 -15
Average Days on Market 123 61 -50
Month’s Supply of Inventory 7 4 -43
Percent Under Contract 11.0 16.1 47
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Beverlywood
Rodeo RealtyR o d e o R E . c om
July 2012 July 2013 %Change
Median Price $751,500 $905,000 20
Properties Sold 23 17 -26
Sales Volume $19,636,410 $14,486,120 -26
Properties Pending Sale 20 18 -10
Properties For Sale 73 63 -14
Average Days on Market 43 19 -56
Month’s Supply of Inventory 2 2 0
Percent Under Contract 27.4 28.6 4
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Brentwood
Rodeo RealtyR o d e o R E . c om
June 2012 June 2013 %Change
Median Price $1,710,000 $2,499,500 46
Properties Sold 24 28 17
Sales Volume $91,559,695 $95,373,884 4
Properties Pending Sale 26 24 -8
Properties For Sale 135 108 -20
Average Days on Market 80 54 -33
Month’s Supply of Inventory 3 3 0
Percent Under Contract 19.3 22.2 15
*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 o R E . c om
July 2012 July 2013 %Change
Median Price $1,430,141 $1,925,000 35
Properties Sold 5 7 40
Sales Volume $6,680,141 $15,439,000 131
Properties Pending Sale 8 8 0
Properties For Sale 35 25 -29
Average Days on Market 30 35 17
Month’s Supply of Inventory 3 2 -33
Percent Under Contract 22.9 32.0 40
*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 o R E . c om
July 2012 July 2013 %Change
Median Price $725,000 $807,500 11
Properties Sold 16 26 63
Sales Volume $10,581,200 $19,844,200 88
Properties Pending Sale 27 23 -15
Properties For Sale 82 72 -12
Average Days on Market 40 38 -5
Month’s Supply of Inventory 2 2 0
Percent Under Contract 32.9 31.9 -3
*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 o R E . c om
July 2012 July 2013 %Change
Median Price $985,000 $1,128,500 15
Properties Sold 21 28 33
Sales Volume $27,090,442 $39,204,800 45
Properties Pending Sale 21 20 -5
Properties For Sale 133 109 -18
Average Days on Market 45 47 4
Month’s Supply of Inventory 4 3 -25
Percent Under Contract 15.8 18.3 16
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Hollywood
Rodeo RealtyR o d e o R E . c om
July 2012 July 2013 %Change
Median Price $450,000 $588,950 31
Properties Sold 5 12 140
Sales Volume $1,860,000 $6,412,200 245
Properties Pending Sale 7 6 -14
Properties For Sale 38 26 -32
Average Days on Market 31 51 65
Month’s Supply of Inventory 4 3 -25
Percent Under Contract 18.4 23.1 25
*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 o R E . c om
July 2012 July 2013 %Change
Median Price $925,000 $1,065,000 15
Properties Sold 13 7 -46
Sales Volume $13,092,300 $7,142,500 -45
Properties Pending Sale 17 16 -6
Properties For Sale 95 74 -22
Average Days on Market 81 50 -38
Month’s Supply of Inventory 4 3 -25
Percent Under Contract 17.9 21.6 21
*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 o R E . c om
July 2012 July 2013 %Change
Median Price $862,500 $1,186,000 38
Properties Sold 20 31 55
Sales Volume $24,355,000 $35,906,400 47
Properties Pending Sale 19 27 42
Properties For Sale 116 90 -22
Average Days on Market 27 78 189
Month’s Supply of Inventory 4 2 -50
Percent Under Contract 16.4 30.0 83
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Malibu
Rodeo RealtyR o d e o R E . c om
July 2012 July 2013 %Change
Median Price $2085,000 $1,847,500 -11
Properties Sold 11 18 64
Sales Volume $29,009,000 $46,456,750 60
Properties Pending Sale 11 18 64
Properties For Sale 239 224 -6
Average Days on Market 120 111 -8
Month’s Supply of Inventory 19 10 -47
Percent Under Contract 4.6 8.0 75
*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 o R E . c om
July 2012 July 2013 %Change
Median Price $9,150,000 $2,218,750 -76
Properties Sold 2 4 100
Sales Volume $18,300,000 $15,765,250 -14
Properties Pending Sale 2 5 150
Properties For Sale 102 84 -18
Average Days on Market 103 300 191
Month’s Supply of Inventory 46 14 -70
Percent Under Contract 2.0 6.0 204
*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 o R E . c om
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
July 2012 July 2013 %Change
Median Price $1,303,750 $1,262,500 -3
Properties Sold 6 6 0
Sales Volume $6,257,500 $7,600,000 21
Properties Pending Sale 5 4 -20
Properties For Sale 20 19 -5
Average Days on Market 61 34 -44
Month’s Supply of Inventory 3 3 0
Percent Under Contract 25.0 21.1 -16
Mid Los Angeles
Rodeo RealtyR o d e o R E . c om
July 2012 July 2013 %Change
Median Price $303,500 $398,000 31
Properties Sold 24 27 13
Sales Volume $6,015,400 $7,284,000 21
Properties Pending Sale 29 34 17
Properties For Sale 169 144 -15
Average Days on Market 55 33 -40
Month’s Supply of Inventory 4 3 -25
Percent Under Contract 17.2 23.6 38
*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 o R E . c om
July 2012 July 2013 %Change
Median Price $414,000 $330,000 -20
Properties Sold 4 1 -75
Sales Volume $393,000 $330,000 -16
Properties Pending Sale 3 2 -33
Properties For Sale 34 25 -26
Average Days on Market 8 41 413
Month’s Supply of Inventory 9 9 0
Percent Under Contract 8.8 8.0 -9
*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 o R E . c om
July 2012 July 2013 %Change
Median Price $1,857,500 $2,026,187 9
Properties Sold 32 36 13
Sales Volume $75,842,325 $83,028,561 9
Properties Pending Sale 25 38 52
Properties For Sale 158 133 -16
Average Days on Market 61 37 -39
Month’s Supply of Inventory 5 2 -60
Percent Under Contract 15.8 28.6 81
*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 o R E . c om
July 2013 July 2013 %Change
Median Price $765,000 $905,000 18
Properties Sold 28 31 11
Sales Volume $22,569,900 $30,153,500 33
Properties Pending Sale 31 33 6
Properties For Sale 95 78 -18
Average Days on Market 84 32 -62
Month’s Supply of Inventory 2 1 -50
Percent Under Contract 32.6 42.3 30
*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 o R E . c om
July 2012 July 2013 %Change
Median Price $1,525,000 $1,499,000 -2
Properties Sold 1 1 0
Sales Volume $1,525,000 $1,499,000 -2
Properties Pending Sale 0 4 N/A
Properties For Sale 2 8 300
Average Days on Market N/A 23 N/A
Month’s Supply of Inventory N/A 1 N/A
Percent Under Contract 0.0 50.0 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 o R E . c om
July 2012 July 2013 %Change
Median Price $1,517,500 $2,683,000 77
Properties Sold 20 26 30
Sales Volume $50,333,001 $78,468,000 56
Properties Pending Sale 27 26 -4
Properties For Sale 114 85 -25
Average Days on Market 66 45 -32
Month’s Supply of Inventory 3 2 -33
Percent Under Contract 23.7 30.6 29
*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 o R E . c om
July 2012 July 2013 %Change
Median Price $620,000 $685,000 10
Properties Sold 29 29 0
Sales Volume $15,968,200 $16,759,320 5
Properties Pending Sale 24 32 33
Properties For Sale 114 94 -18
Average Days on Market 38 22 -42
Month’s Supply of Inventory 3 2 -33
Percent Under Contract 21.1 34.0 62
*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 o R E . c om
July 2012 July 2013 %Change
Median Price $1,144,500 $1,400,000 22
Properties Sold 36 33 -8
Sales Volume $56,067,000 $51,938,758 -7
Properties Pending Sale 39 38 -3
Properties For Sale 322 277 -14
Average Days on Market 54 67 24
Month’s Supply of Inventory 6 5 -17
Percent Under Contract 12.1 13.7 13
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Venice
Rodeo RealtyR o d e o R E . c om
July 2012 July 2013 %Change
Median Price $1,320,000 $1,347,500 2
Properties Sold 15 21 40
Sales Volume $19,051,200 $27,295,800 43
Properties Pending Sale 22 17 -23
Properties For Sale 101 73 -28
Average Days on Market 46 28 -39
Month’s Supply of Inventory 3 3 0
Percent Under Contract 21.8 23.3 7
*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 o R E . c om
July 2012 July 2013 %Change
Median Price $899,000 $950,750 6
Properties Sold 13 12 -8
Sales Volume $13,536,000 $13,753,500 2
Properties Pending Sale 11 8 -27
Properties For Sale 50 47 -6
Average Days on Market 59 41 -31
Month’s Supply of Inventory 3 4 33
Percent Under Contract 22.0 17.0 -23
*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 o R E . c om
July 2012 July 2013 %Change
Median Price $644,500 $900,000 40
Properties Sold 12 7 -42
Sales Volume $6,153,000 $7,322,500 19
Properties Pending Sale 3 7 133
Properties For Sale 34 33 -3
Average Days on Market 98 54 -45
Month’s Supply of Inventory 9 3 -67
Percent Under Contract 8.8 21.2 140
*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 o R E . c om
July 2012 July 2013 %Change
Median Price $1,297,630 $1,915,000 48
Properties Sold 16 11 -31
Sales Volume $26,520,760 $24,619,250 -7
Properties Pending Sale 12 17 42
Properties For Sale 78 55 -29
Average Days on Market 87 24 -72
Month’s Supply of Inventory 5 2 -60
Percent Under Contract 15.4 30.9 101
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.