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Market Within A Market Report Quarter 4, 2013. Created by Michael Lewis Marketing Suite, MLMS. Michaellewismarketingsuite.com Exclusively for Keller Williams Realty
Citation preview
WHAT IS A MARKET WITHIN A MARKET?
Just as the weather is different from Los Feliz to Santa Monica so is the Real Estate climate. While it
may be cloudy & overcast in Marina del Rey, at the same exact time, it may be warm & sunny in
the Mid Wilshire area. The Real Estate market works the same way. Year-to-year there may be a
significant sales increase in Venice while at the same time there is an alarming drop in sales price
from the Palms – Mar Vista area even though they are literally blocks from one another.
With our vast years of experience, we at Keller Williams have come to notice that like the need for
a sweater by the beach and a T-shirt in the Valley, every market within a market has a very different
climate and therefore requires its own set of statistics for you to truly understand what is going on in
your neighborhood. Although you can easily access the broad national, state, and/or country
trends published by the media, they may not have anything to do with what is occurring in your
own backyard. After all, you wouldn’t watch a weather channel report for Seattle to decide if you
need an umbrella that day would you?
WHY THIS BENEFITS YOU – OUR CLIENT
Our extensive experience & knowledge has led us to notice that markets within
markets may be performing in a different way from one another and from national
averages.
With the current stringent lending situation, having knowledge of the specialized
market trends for the neighborhood you are contemplating is vital for true success in
your transaction.
Don’t be mislead by ideas that are not actual facts.
What is in fact occurring in the markets of those areas may be counterintuitive of
notions or ideas you may have perceived from national averages. Knowledge is
power and knowing all the facts will give you the power to make the most educated
choice.
$1,918,000
$891
41
40
170
142
23.53%
$2,249,500
$791
49
38
154
100
24.68%
17.3%
-11.2%
19.5%
-5.0%
-9.4%
-29.9%
4.9%
BEL AIR – HOLMBY HILLS SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$999,500
$520
50
39
84
55
46.43%
$1,330,000
$600
43
34
77
45
44.16%
33.1%
15.4%
-14.0%
-12.8%
-8.3%
-18.2%
-4.9%
BEVERLY CENTER – MIRACLE MILE SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$552,500
$408
14
18
45
43
40.00%
$760,000
$510
35
23
50
63
46.00%
37.6%
25.0%
150.0%
27.8%
11.1%
47.7%
15.0%
BEVERLY CENTER – MIRACLE MILE CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$4,085,000
$962
64
52
159
92
32.70%
$5,592,175
$1,249
35
38
139
117
27.34%
36.9%
29.8%
-45.3%
-26.9%
-12.6%
26.5%
-16.4%
BEVERLY HILLS SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$816,000
$451
23
22
78
76
28.21%
$1,030,000
$542
19
20
73
61
27.40%
26.2%
20.2%
-17.4%
-9.1%
-6.4%
-19.2%
-2.9%
BEVERLY HILLS CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$1,800,000
$621
40
36
146
92
24.66%
$1,915,000
$809
37
36
165
64
21.82%
6.4%
30.3%
-7.5%
0.0%
13.0%
-30.5%
-11.5%
BEVERLY HILLS P.O. SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$779,000
$453
37
35
73
83
47.95%
$985,000
$553
42
36
90
37
40.00%
26.4%
22.1%
13.5%
2.9%
23.3%
-54.8%
-16.6%
BEVERLYWOOD SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$1,653,750
$806
76
60
158
95
37.97%
$2,330,555
$852
53
53
147
66
36.05%
40.9%
5.7%
-30.3%
-11.7%
-7.0%
-30.9%
-5.1%
BRENTWOOD SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$685,000
$453
35
39
107
73
36.45%
$695,000
$491
43
37
99
52
37.37%
1.5%
8.4%
22.9%
-5.1%
-7.5%
-28.3%
2.5%
BRENTWOOD CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$465,000
$354
12
11
30
60
36.67%
$607,650
$400
14
9
26
53
34.62%
30.7%
13.0%
16.7%
-18.2%
-13.3%
-11.1%
-5.6%
BURBANK SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$321,000
$271
2
2
5
29
40.00%
$400,000
$322
9
8
13
19
61.54%
24.5%
18.8%
350.0%
300.0%
160.0%
-34.9%
53.8%
BURBANK CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$570,500
$293
6
7
26
72
26.92%
$772,500
$408
8
5
26
109
19.23%
35.4%
39.2%
33.3%
-28.6%
0.0%
50.5%
-28.6%
CALABASAS SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$370,000
$247
1
2
3
35
66.67%
$390,000
$357
2
0
4
0
0.00%
5.4%
44.5%
100.0%
-100.0%
33.3%
-100.0%
-100.0%
CALABASAS CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$1,378,000
$529
16
12
24
80
50.00%
$1,444,000
$636
18
12
25
38
48.00%
4.8%
20.2%
12.5%
0.0%
4.2%
-52.1%
-4.0%
CHEVIOT HILLS-RANCH PARK SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$665,000
$432
51
41
77
67
53.25%
$850,000
$560
35
31
63
44
49.21%
27.8%
29.6%
-31.4%
-24.4%
-18.2%
-33.8%
-7.6%
CULVER CITY SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$318,500
$291
32
35
55
66
63.64%
$395,625
$385
30
33
59
38
55.93%
24.2%
32.3%
-6.2%
-5.7%
7.3%
-41.8%
-12.1%
CULVER CITY CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$180,000
$151
13
17
36
116
47.22%
$255,000
$161
15
16
43
47
37.21%
41.7%
6.6%
15.4%
-5.9%
19.4%
-59.4%
-21.2%
DOWNTOWN SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$392,500
$415
98
88
181
76
48.62%
$505,888
$555
65
74
226
63
32.74%
28.9%
33.7%
-33.7%
-15.9%
24.9%
-17.2%
-32.7%
DOWNTOWN CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$752,5000
$335
20
17
72
72
23.61%
$1,050,000
$402
31
23
81
57
28.40%
39.5%
20.0%
55.0%
35.3%
12.5%
-21.3%
20.3%
ENCINO SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$259,500
$190
12
5
13
8
38.46%
$267,500
$230
8
4
18
41
22.22%
3.1%
21.1%
-33.3%
-20.0%
38.5%
391.1%
-42.2%
ENCINO CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$1,250,000
$498
65
47
111
85
42.34%
$1,300,000
$588
76
58
153
48
37.91%
4.0%
18.1%
16.9%
23.4%
37.8%
-43.2%
-10.5%
HANCOCK PARK-WILSHIRE SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$664,500
$500
14
6
20
56
30.00%
$590,000
$434
13
9
24
66
37.50%
-11.2%
-13.2%
-7.1%
50.0%
20.0%
18.6%
25.0%
HOLLYWOOD SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$589,000
$420
41
33
75
86
44.00%
$585,000
$458
27
27
79
71
34.18%
-0.7%
9.0%
-34.1%
-18.2%
5.3%
-16.9%
-22.3%
HOLLYWOOD CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$944,500
$445
44
32
90
82
35.56%
$1,100,000
$505
33
28
86
52
32.56%
16.5%
13.5%
-25.0%
-12.5%
-4.4%
-36.1%
-8.4%
HOLLYWOOD HILLS EAST SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$895,000
$449
50
45
115
58
39.13%
$1,445,875
$617
46
43
109
44
39.45%
61.6%
37.4%
-8.0%
-4.4%
-5.2%
-23.9%
0.8%
LOS FELIZ SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$403,500
$419
6
5
8
119
62.50%
$500,000
$425
7
7
10
27
70.00%
23.9%
1.4%
16.7%
40.0%
25.0%
-76.9%
12.0%
LOS FELIZ CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$1,950,000
$584
52
41
223
185
18.39%
$2,398,750
$739
50
39
240
131
16.25%
23.0%
26.5%
-3.8%
-4.9%
7.6%
-28.9%
-11.6%
MALIBU SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$5,825,000
$2,289
16
12
101
236
11.88%
$4,350,000
$2,156
12
15
87
179
17.24%
-25.3%
-5.8%
-25.0%
25.0%
-13.9%
-24.3%
45.1%
MALIBU BEACH SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$1,680,000
$555
9
8
25
110
32.00%
$1,750,000
$616
10
6
31
64
19.35%
4.2%
11.0%
11.1%
-25.0%
24.0%
-42.0%
-39.5%
MARINA DEL REY SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$630,000
$472
63
53
176
71
30.11%
$686,000
$515
75
72
217
71
33.18%
8.9%
9.1%
19.0%
35.8%
23.3%
0.0%
10.2%
MARINA DEL REY CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$331,000
$220
55
47
95
48
49.47%
$472,5000
$310
58
54
118
62
45.76%
42.7%
40.9%
5.5%
14.9%
24.2%
27.5%
-7.5%
MID LOS ANGELES SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$412,500
$245
6
6
22
31
27.27%
$633,750
$315
8
6
21
32
28.57%
53.6%
28.6%
33.0%
0.0%
-4.5%
2.1%
4.8%
MID WILSHIRE SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$2,130,000
$680
73
60
166
105
36.14%
$2,495,000
$896
60
52
168
60
30.95%
17.1%
31.8%
-17.8%
-13.3%
1.2%
-42.4%
-14.4%
PACIFIC PALISADES SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$799,000
$539
86
79
113
45
69.91%
$1,050,000
$605
87
70
117
44
59.83%
31.4%
12.2%
1.2%
-11.4%
3.5%
-3.2%
-14.4%
PALMS – MAR VISTA SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$1,625,000
$833
73
68
145
52
46.90%
$1,845,000
$888
59
48
118
52
40.68%
13.5%
6.6%
-19.2%
-29.4%
-18.6%
0.8%
-13.3%
SANTA MONICA SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$690,000
$622
109
86
169
86
50.89%
$735,000
$666
99
82
167
47
49.10%
6.5%
7.1%
-9.2%
-4.7%
-1.2%
-44.6%
-3.5%
SANTA MONICA CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$830,000
$375
55
47
114
58
41.23%
$838,000
$413
46
47
120
48
39.17%
1.0%
10.1%
-16.4%
0.0%
5.3%
-17.1%
-5.0%
SHERMAN OAKS SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$300,000
$257
20
16
30
40
53.33%
$410,000
$312
21
22
36
52
61.11%
36.7%
21.4%
5.0%
37.5%
20.0%
30.0%
14.6%
SHERMAN OAKS CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$661,000
$456
56
56
109
52
51.38%
$837,500
$518
68
55
92
54
59.78%
26.7%
13.6%
21.4%
-1.8%
-15.6%
4.3%
16.4%
SILVER LAKE – ECHO PARK SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$966,000
$472
29
30
78
64
38.46%
$1,031,000
$479
37
36
111
50
32.43%
6.7%
1.5%
27.6%
20.0%
42.3%
-21.1%
-15.7%
STUDIO CITY SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$366,050
$275
14
10
19
57
52.63%
$467,500
$348
18
14
38
41
36.84%
27.7%
26.5%
28.6%
40.0%
100.0%
-28.7%
-30.0%
STUDIO CITY CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$1,336,500
$642
110
96
340
81
28.24%
$1,485,000
$770
89
83
351
66
23.65%
11.1%
19.9%
-19.1%
-13.5%
3.2%
-18.8%
-16.3%
SUNSET STRIP – HOLLYWOOD HILLS WEST SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$325,000
$461
16
16
48
79
33.33%
$482,500
$459
24
23
56
52
41.07%
48.5%
-0.4%
50.0%
43.8%
16.7%
-33.8%
23.2%
SUNSET STRIP – HOLLYWOOD HILLS WEST CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$725,000
$412
19
11
66
177
16.67%
$1,070,000
$547
17
17
68
60
25.00%
47.6%
32.8%
-10.5%
54.5%
3.0%
-66.0%
50.0%
TOPANGA SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$1,330,000
$820
59
44
93
69
47.31%
$1,400,000
$909
63
55
96
54
57.29%
5.3%
10.9%
6.8%
25.0%
3.2%
-21.9%
21.1%
VENICE SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$1,050,000
$582
11
10
20
65
50.00%
$995,000
$610
14
9
20
62
45.00%
-5.2%
4.8%
27.3%
-10.0%
0.0%
-3.8%
-10.0%
VENICE CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$1,146,000
$680
19
14
50
65
28.00%
$1,250,000
$680
27
36
80
57
45.00%
9.1%
0.0%
42.1%
157.1%
60.0%
-11.6%
60.7%
WEST HOLLYWOOD SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$475,000
$427
67
74
178
74
41.57%
$652,000
$544
87
75
193
63
38.86%
37.3%
27.4%
29.9%
1.4%
8.4%
-14.4%
-6.5%
WEST HOLLYWOOD CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$707,500
$541
16
17
34
41
50.00%
$789,500
$561
24
16
32
62
50.00%
11.6%
3.7%
50.0%
-5.9%
-5.9%
49.5%
0.0%
WEST LOS ANGELES SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$640,000
$411
69
52
84
49
61.90%
$760,000
$468
67
56
75
40
74.67%
18.8%
13.9%
-2.9%
7.7%
-10.7%
-18.4%
20.6%
WESTCHESTER SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$243,000
$250
9
7
15
79
46.67%
$419,000
$335
7
4
15
69
26.67%
72.4%
34.0%
-22.2%
-42.9%
0.0%
-13.0%
-42.9%
WESTCHESTER CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$1,400,000
$598
61
40
70
62
57.14%
$1,450,000
$680
51
45
90
42
50.00%
3.6%
13.7%
-16.4%
12.5%
28.6%
-31.2%
-12.5%
WESTWOOD – CENTURY CITY SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$611,000
$493
113
101
305
106
33.11%
$730,000
$675
117
106
382
78
27.75%
19.5%
36.9%
3.5%
5.0%
25.2%
-26.4%
-16.2%
WESTWOOD – CENTURY CITY CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Glossary of Terms
Median Price: A value that separates the upper
half of prices from the lower half of prices. It can
be interpreted like an average, however the
extreme prices (high and low) don’t hold
undue.
Average Price per Square Foot: The price per
each property divided by their respective
square footage then averaged across all
properties sold in the area for a given time
period.
Properties Sold: The number of property
transactions that closed and transferred
ownership.
Properties Pending Sale: The number of
properties that entered escrow in preparation
for sale.
Properties For Sale: The number of properties on
the market and seeking buyers.
Days on Market (Pending Sale): The number of
days that properties currently in escrow were on
the market.
Absorption Rate: The rate at which the inventory
of home for sale are being sold.
Percent Under Contract: The ratio of properties
to properties sale.
Disclaimer
Information obtained from Broker Metrics and DataQuick. Broker Metrics and DataQuick
statistics are subject to change due to individual real estate company reporting disciplines. The information provided herein is from sources we believe to be reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it.