Greater Los Angeles Market Update3-Month Ending February 2016
Beverly Hills | Brentwood | Los Feliz | Malibu Pacific Palisades | Santa Monica | Sunset Strip | Topanga sothebyshomes.com/losangeles
Malibu, CA | web: 1300162
MARKET AREA PGS.
Bel Air - Holmby Hills 4-5
Beverly Center - Miracle Mile 6-7
Beverly Hills 8-9
Beverly Hills Post Office 10-11
Beverlywood 12-13
Brentwood 14-15
Cheviot Hills - Rancho Park 16-17
Culver City 18-19
Downtown Los Angeles 20-21
Eagle Rock 22-23
Hancock Park 24-25
Hollywood 26-27
Hollywood Hills East 28-29
Los Feliz 30-31
Malibu 32-33
Malibu Beach 34-35
Marina Del Rey 36-37
MARKET AREA PGS.
Mid Los Angeles 38-39
Mid Wilshire 40-41
Mount Washington 42-43
Pacific Palisades 44-45
Palms - Mar Vista 46-47
Playa Del Rey 48-49
Playa Vista 50-51
Santa Monica 52-53
Silverlake - Echo Park 54-55
Sunset Strip - Hlwd Hills 56-57
Topanga 58-59
Venice 60-61
West Hollywood 62-63
West Los Angeles 64-65
Westchester 66-67
Westwood - Century City 68-69
To view our listings please visit sothebyshomes.com/losangeles
Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.
TABLE OF CONTENTS
FEATURED LISTINGS IN LOS ANGELES
BRENTWOOD PARK, CAweb: 0343871 | $9,495,000
Gorgeous Cape Cod-style home is gated and
has approx. 8,600 sq.ft. of luxurious living.
Pacific Palisades Brokerage
Robert Radcliffe | 310.255.5454
BRENTWOOD, CAweb: 0308592 | $7,499,000
Hampton-style 6-bedroom, 7.5-bath home with
pool on prime Lower Mandeville.
Sunset Strip Brokerage
Sharona Alperin | 310.345.9425
MALIBU, CAweb: 0355549 | $5,995,000
Southern Mediterranean architecture with
contemporary, clean interior design 6 bedrooms.
Brentwood Brokerage
Shamon Shamonki | 310.713.4492
4
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Bel Air is encompassed by a prestigious and well-known pocket of Los Angeles
known as the Golden Triangle, including Bel Air, Beverly Hills and Holmby Hills.
Bel Air real estate is tucked along the foothills of a section of the Santa Monica
Mountains on the north side and borders UCLA and Sunset Boulevard to the
south. Bel Air is approx. 12 miles from Downtown LA, minutes from the 405
freeway and close to the quaint Bel Air Hotel, yet it provides a feeling of serenity
and ever sought-after escape from metropolitan life. Homes vary from original
ranch style and modest one half stories to mansions with gorgeous views of
the canyon and city lights. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
BEL AIR - HOLMBY HILLS
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $5,698,622 $673,300 $1,984,200 $13,154,750
AVERAGE LIST PRICE PER SQUARE FOOT $1,458.91 $690.80 $661.90 $2,012.01
AVERAGE SOLD PRICE $4,987,616 $668,000 $1,924,076 $11,202,783
AVERAGE SOLD PRICE PER SQUARE FOOT $1,268.90 $685.36 $625.36 $1,713.45
TOTAL SFH SOLD 23 3 12 8
TOTAL SFH FOR SALE AT END OF PERIOD 73 2 23 48
AVERAGE MONTHLY SUPPLY OF INVENTORY 9.5 2.0 5.8 18.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 88% 99% 97% 85%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $3,681,325 $774,500 $1,823,429 $8,024,154
AVERAGE LIST PRICE PER SQUARE FOOT $1,129.86 $589.87 $656.26 $1,604.31
AVERAGE SOLD PRICE $3,454,818 $751,667 $1,772,390 $7,420,192
AVERAGE SOLD PRICE PER SQUARE FOOT $1,060.00 $572.48 $637.96 $1,483.56
TOTAL SFH SOLD 40 6 21 13
TOTAL SFH FOR SALE AT END OF PERIOD 65 2 19 44
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.9 1.0 2.7 10.2
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 94% 97% 97% 92%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 55% -13% 9% 64%
AVERAGE LIST PRICE PER SQUARE FOOT 29% 17% 1% 25%
AVERAGE SOLD PRICE 44% -11% 9% 51%
AVERAGE SOLD PRICE PER SQUARE FOOT 20% 20% -2% 15%
TOTAL SFH SOLD -43% -50% -43% -38%
TOTAL SFH FOR SALE AT END OF PERIOD 12% 0% 21% 9%
AVERAGE MONTHLY SUPPLY OF INVENTORY 95% 100% 112% 77%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -7% 2% 0% -8%
(Source: MLS/CLAW)
5
CONDOMINIUM SALES BEL AIR - HOLMBY HILLS
In Bel Air - Holmby Hills there were 9 single family home sales in January 2016, down from 15 in January 2015 and a 29%
increase from the 7 sales closed last month. The average list price for single family home sales in January 2016 was
$5,078,667 compared to $4,742,600 for January 2015, representing a 7% increase. For the three-month period from
November to January 2016, the average list price was 44% higher than the same period of the prior year. Average sales
price for January 2016 was $4,308,323, compared to that of November through January 2016, which was $5,346,605.
These results indicate that the sale price is trending down. Comparing January 2016 to December 2015, Bel Air - Holmby
Hills saw a 40% decrease in average sale price, and a 1% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $624,900 $624,900 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $416.60 $416.60 $- $-
AVERAGE SOLD PRICE $600,000 $600,000 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $400.00 $400.00 $- $-
TOTAL CONDOS SOLD 1 1 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 3 1 2 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 9.0 3.0 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 96% 96% 0% 0%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $999,000 $575,000 $1,211,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $421.70 $379.29 $433.20 $-
AVERAGE SOLD PRICE $997,333 $547,000 $1,222,500 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $420.99 $360.82 $437.31 $-
TOTAL CONDOS SOLD 3 1 2 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 4 4 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.0 12.0 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 95% 101% 0%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -37% 9% -100% 0%
AVERAGE LIST PRICE PER SQUARE FOOT -1% 10% -100% 0%
AVERAGE SOLD PRICE -40% 10% -100% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT -5% 11% -100% 0%
TOTAL CONDOS SOLD -67% 0% -100% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -25% -75% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 125% -75% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -4% 1% -100% 0%
(Source: MLS/CLAW)
FEBRUARY MARKET OVERVIEW
6
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
BEVERLY CENTER - MIRACLE MILE
The Beverly Center-Miracle Mile area of Los Angeles, known for its original
Spanish two-story homes, duplexes and single-family homes, borders the Mid
Los Angeles and Fairfax Districts as well as Hancock Park. The many original
Spanish two-story homes, duplexes and single-family homes make up one of
the city’s most densely populated and commercial sections. The area is home
to the world-famous Los Angeles County Museum of Modern Art (LACMA),
the La Brea Tar Pits and the Petersen Automotive Museum, which all make
up Museum Row. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,658,236 $967,325 $1,622,502 $3,361,667
AVERAGE LIST PRICE PER SQUARE FOOT $744.18 $616.46 $764.63 $749.26
AVERAGE SOLD PRICE $1,647,007 $949,583 $1,607,398 $3,398,333
AVERAGE SOLD PRICE PER SQUARE FOOT $739.15 $605.15 $757.46 $757.43
TOTAL SFH SOLD 36 6 27 3
TOTAL SFH FOR SALE AT END OF PERIOD 46 4 31 11
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.8 2.0 3.4 11.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 98% 99% 101%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,443,671 $873,400 $1,486,954 $3,299,500
AVERAGE LIST PRICE PER SQUARE FOOT $641.91 $655.12 $624.54 $846.68
AVERAGE SOLD PRICE $1,449,873 $867,000 $1,501,248 $3,182,625
AVERAGE SOLD PRICE PER SQUARE FOOT $642.38 $650.32 $628.03 $816.69
TOTAL SFH SOLD 29 5 23 1
TOTAL SFH FOR SALE AT END OF PERIOD 37 4 30 3
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.8 2.4 3.9 9.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 99% 101% 96%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 15% 11% 9% 2%
AVERAGE LIST PRICE PER SQUARE FOOT 16% -6% 22% -12%
AVERAGE SOLD PRICE 14% 10% 7% 7%
AVERAGE SOLD PRICE PER SQUARE FOOT 15% -7% 21% -7%
TOTAL SFH SOLD 24% 20% 17% 200%
TOTAL SFH FOR SALE AT END OF PERIOD 24% 0% 3% 267%
AVERAGE MONTHLY SUPPLY OF INVENTORY 0% -17% -12% 22%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% -1% -2% 5%
(Source: MLS/CLAW)
7
CONDOMINIUM SALES
FEBRUARY MARKET OVERVIEW
BEVERLY CENTER - MIRACLE MILE
In Beverly Center - Miracle Mile there were 11 single family home sales in January 2016, up from 8 in January 2015 and a
8% decrease from the 12 sales closed last month. The average list price for single family home sales in January 2016 was
$1,803,723 compared to $1,396,125 for January 2015, representing a 29% increase. For the three-month period from
November to January 2016, the average list price was 2% higher than the same period of the prior year. Average sales
price for January 2016 was $1,760,545, compared to that of November through January 2016, which was $1,601,770.
These results indicate that the sale price is trending up. Comparing January 2016 to December 2015, Beverly Center -
Miracle Mile saw a 38% increase in average sale price, and a 28% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $713,186 $676,468 $1,062,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $550.93 $528.35 $711.56 $-
AVERAGE SOLD PRICE $716,190 $678,684 $1,072,500 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $553.61 $530.42 $718.59 $-
TOTAL CONDOS SOLD 21 19 2 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 17 17 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.4 2.7 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 101% 0%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $722,850 $687,263 $1,399,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $545.28 $526.07 $780.26 $-
AVERAGE SOLD PRICE $696,370 $661,968 $1,350,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $526.07 $507.52 $752.93 $-
TOTAL CONDOS SOLD 20 19 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 17 16 1 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.6 2.5 3.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 96% 96% 96% 0%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -1% -2% -24% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 1% 0% -9% 0%
AVERAGE SOLD PRICE 3% 3% -21% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 5% 5% -5% 0%
TOTAL CONDOS SOLD 5% 0% 100% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 0% 6% -100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -5% 6% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 4% 4% 5% 0%
(Source: MLS/CLAW)
8
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
BEVERLY HILLS
Beverly Hill, located within the Golden Triangle, is nestle up against the foothills of the
Santa Monica Mountains on the north side. Beverly Hills is bordered by Westwood
Village and Century City on the west, West Hollywood and Fairfax District on the east,
and Los Angeles City and the 10 freeway on the South. Rodeo Drive between Wilshire
Boulevard and Sunset Boulevard include not only the ultimate shopping mecca,
but an area of large homes referred to as the Flats,. The blocks were designed by
landscape architect William D. Cook, with large lots and wide curving streets lined with
palm, eucalyptus and acacia trees and a three-block 80-foot-wide park running along
Santa Monica Boulevard. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $7,162,125 $- $2,387,556 $8,548,290
AVERAGE LIST PRICE PER SQUARE FOOT $1,468.30 $- $857.33 $1,551.56
AVERAGE SOLD PRICE $6,759,840 $- $2,238,833 $8,072,390
AVERAGE SOLD PRICE PER SQUARE FOOT $1,385.70 $- $810.39 $1,464.10
TOTAL SFH SOLD 40 - 9 31
TOTAL SFH FOR SALE AT END OF PERIOD 75 - 10 65
AVERAGE MONTHLY SUPPLY OF INVENTORY 5.6 - 3.3 6.3
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 94% 0% 94% 94%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $9,324,433 $- $1,974,400 $12,999,450
AVERAGE LIST PRICE PER SQUARE FOOT $1,915.34 $- $745.03 $2,174.77
AVERAGE SOLD PRICE $8,361,243 $- $1,975,779 $11,553,975
AVERAGE SOLD PRICE PER SQUARE FOOT $1,717.49 $- $745.55 $1,932.94
TOTAL SFH SOLD 30 - 10 20
TOTAL SFH FOR SALE AT END OF PERIOD 58 - 10 48
AVERAGE MONTHLY SUPPLY OF INVENTORY 5.8 - 3.0 7.2
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 90% 0% 100% 89%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -23% 0% 21% -34%
AVERAGE LIST PRICE PER SQUARE FOOT -23% 0% 15% -29%
AVERAGE SOLD PRICE -19% 0% 13% -30%
AVERAGE SOLD PRICE PER SQUARE FOOT -19% 0% 9% -24%
TOTAL SFH SOLD 33% 0% -10% 55%
TOTAL SFH FOR SALE AT END OF PERIOD 29% 0% 0% 35%
AVERAGE MONTHLY SUPPLY OF INVENTORY -3% 0% 11% -13%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 5% 0% -6% 6%
(Source: MLS/CLAW)
9
CONDOMINIUM SALES
FEBRUARY MARKET OVERVIEW
BEVERLY HILLS
In Beverly Hills there were 13 single family home sales in January 2016, up from 11 in January 2015 and a 13% decrease
from the 15 sales closed last month. The average list price for single family home sales in January 2016 was $5,618,769
compared to $6,623,818 for January 2015, representing a 15% decrease. For the three-month period from November to
January 2016, the average list price was 17% lower than the same period of the prior year. Average sales price for January
2016 was $5,483,385, compared to that of November through January 2016, which was $6,671,147. These results indicate
that the sale price is trending down. Comparing January 2016 to December 2015, Beverly Hills saw a 36% decrease in
average sale price, and a 13% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,349,318 $864,917 $1,712,619 $-
AVERAGE LIST PRICE PER SQUARE FOOT $673.92 $572.47 $718.59 $-
AVERAGE SOLD PRICE $1,279,613 $850,588 $1,601,381 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $638.64 $563.06 $671.91 $-
TOTAL CONDOS SOLD 28 12 16 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 36 6 24 6
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.9 1.5 4.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 95% 98% 94% 0%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,384,222 $677,481 $1,338,571 $3,824,000
AVERAGE LIST PRICE PER SQUARE FOOT $669.81 $504.33 $634.85 $969.82
AVERAGE SOLD PRICE $1,348,654 $670,500 $1,301,599 $3,712,500
AVERAGE SOLD PRICE PER SQUARE FOOT $652.60 $499.13 $617.31 $941.54
TOTAL CONDOS SOLD 22 6 14 2
TOTAL CONDOS FOR SALE AT END OF PERIOD 38 14 23 1
AVERAGE MONTHLY SUPPLY OF INVENTORY 5.2 7.0 4.9 1.5
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 99% 97% 97%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -3% 28% 28% -100%
AVERAGE LIST PRICE PER SQUARE FOOT 1% 14% 13% -100%
AVERAGE SOLD PRICE -5% 27% 23% -100%
AVERAGE SOLD PRICE PER SQUARE FOOT -2% 13% 9% -100%
TOTAL CONDOS SOLD 27% 100% 14% -100%
TOTAL CONDOS FOR SALE AT END OF PERIOD -5% -57% 4% 500%
AVERAGE MONTHLY SUPPLY OF INVENTORY -26% -79% -9% -100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -3% -1% -4% -100%
(Source: MLS/CLAW)
10
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
BEVERLY HILLS POST OFFICE
Beverly Hills Post Office is home to grand estates, mansions and large
traditional homes as well as some of the most celebrated gated communities
in the area, including Mulholland Estates, The Summit, Beverly Ridge Estates
and perhaps the most famous, Beverly Park. Lying outside of the City of
Beverly Hills limits, Beverly Hills Post Office is part of Los Angeles, but is
assigned to use the postal services of Beverly Hills, which started in the early
1960s. Within the area some of the most desired grand estates, mansions
and large traditional homes in all of Southern California can be found.CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $3,707,622 $959,000 $1,845,459 $5,924,462
AVERAGE LIST PRICE PER SQUARE FOOT $1,020.67 $554.34 $741.08 $1,182.75
AVERAGE SOLD PRICE $3,620,197 $950,000 $1,805,466 $5,779,923
AVERAGE SOLD PRICE PER SQUARE FOOT $996.60 $549.13 $725.02 $1,153.89
TOTAL SFH SOLD 28 1 14 13
TOTAL SFH FOR SALE AT END OF PERIOD 84 2 23 59
AVERAGE MONTHLY SUPPLY OF INVENTORY 9.0 6.0 4.9 13.6
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 99% 98% 98%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $4,969,889 $735,000 $2,181,357 $8,576,083
AVERAGE LIST PRICE PER SQUARE FOOT $1,270.96 $795.45 $700.45 $1,792.79
AVERAGE SOLD PRICE $4,514,504 $667,000 $2,014,579 $7,751,708
AVERAGE SOLD PRICE PER SQUARE FOOT $1,173.46 $721.86 $646.90 $1,655.34
TOTAL SFH SOLD 27 1 14 12
TOTAL SFH FOR SALE AT END OF PERIOD 88 1 36 51
AVERAGE MONTHLY SUPPLY OF INVENTORY 9.8 3.0 7.7 12.8
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 91% 91% 92% 90%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -25% 30% -15% -31%
AVERAGE LIST PRICE PER SQUARE FOOT -20% -30% 6% -34%
AVERAGE SOLD PRICE -20% 42% -10% -25%
AVERAGE SOLD PRICE PER SQUARE FOOT -15% -24% 12% -30%
TOTAL SFH SOLD 4% 0% 0% 8%
TOTAL SFH FOR SALE AT END OF PERIOD -5% 100% -36% 16%
AVERAGE MONTHLY SUPPLY OF INVENTORY -8% 100% -36% 7%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 7% 9% 6% 8%
(Source: MLS/CLAW)
11
CONDOMINIUM SALES
FEBRUARY MARKET OVERVIEW
BEVERLY HILLS POST OFFICE
In Beverly Hills Post Office there were 9 single family home sales in January 2016, up from 5 in January 2015 and a 25%
decrease from the 12 sales closed last month. The average list price for single family home sales in January 2016 was
$5,484,225 compared to $2,905,000 for January 2015, representing an 89% increase. For the three-month period from
November to January 2016, the average list price was 28% lower than the same period of the prior year. Average sales
price for January 2016 was $5,383,558, compared to that of November through January 2016, which was $3,574,295.
These results indicate that the sale price is trending up. Comparing January 2016 to December 2015, Beverly Hills Post
Office saw a 94% increase in average sale price, and a 97% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $- $- $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $- $- $- $-
AVERAGE SOLD PRICE $- $- $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $- $- $- $-
TOTAL CONDOS SOLD - - - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $- $- $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $- $- $- $-
AVERAGE SOLD PRICE $- $- $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $- $- $- $-
TOTAL CONDOS SOLD - - - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 0% 0% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 0% 0% 0% 0%
AVERAGE SOLD PRICE 0% 0% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 0% 0% 0% 0%
TOTAL CONDOS SOLD 0% 0% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 0% 0% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 0% 0% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
(Source: MLS/CLAW)
12
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Beverlywood is an upscale neighborhood in Los Angeles strategically placed
near the heart of one of the world’s largest cities, and is the ideal home for
anyone from couples raising families to retirees. The community is friendly
and features tree-lined streets, lush green parks, fancy storefronts, sidewalk
delis and cozy cafes for its residents. Almost all of Beverlywood’s inhabitants
live in single-family homes built between the 1920s and the 1950s, with the
oldest homes in the areas near Beverly Hills. Beverlywood residents enjoy an
upscale community of homes constructed from 1920s through the 1950s. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
BEVERLYWOOD
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,160,864 $779,363 $1,496,586 $-
AVERAGE LIST PRICE PER SQUARE FOOT $686.43 $601.17 $735.84 $-
AVERAGE SOLD PRICE $1,145,879 $782,386 $1,465,752 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $678.00 $603.50 $721.17 $-
TOTAL SFH SOLD 47 22 25 -
TOTAL SFH FOR SALE AT END OF PERIOD 34 6 27 1
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.2 0.8 3.2 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 100% 98% 0%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $941,835 $772,922 $1,397,900 $-
AVERAGE LIST PRICE PER SQUARE FOOT $595.15 $558.01 $660.82 $-
AVERAGE SOLD PRICE $947,153 $781,706 $1,393,860 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $598.51 $564.35 $658.91 $-
TOTAL SFH SOLD 37 27 10 -
TOTAL SFH FOR SALE AT END OF PERIOD 15 4 11 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.2 0.4 3.3 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 101% 100% 0%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 23% 1% 7% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 15% 8% 11% 0%
AVERAGE SOLD PRICE 21% 0% 5% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 13% 7% 9% 0%
TOTAL SFH SOLD 27% -19% 150% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 127% 50% 145% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 78% 84% -2% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -2% -1% -2% 0%
(Source: MLS/CLAW)
13
CONDOMINIUM SALES BEVERLYWOOD
FEBRUARY MARKET OVERVIEWIn Beverlywood there were 14 single family home sales in January 2016, down from 15 in January 2015 and a 22%
decrease from the 18 sales closed last month. The average list price for single family home sales in January 2016 was
$1,231,000 compared to $988,733 for January 2015, representing a 25% increase. For the three-month period from
November to January 2016, the average list price was 21% higher than the same period of the prior year. Average sales
price for January 2016 was $1,220,835, compared to that of November through January 2016, which was $1,081,994.
These results indicate that the sale price is trending up. Comparing January 2016 to December 2015, Beverlywood saw a
18% increase in average sale price, and a 24% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $708,890 $708,890 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $492.18 $492.18 $- $-
AVERAGE SOLD PRICE $714,390 $714,390 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $496.00 $496.00 $- $-
TOTAL CONDOS SOLD 10 10 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 4 2 2 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.2 0.6 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 101% 0% 0%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $680,800 $680,800 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $452.75 $452.75 $- $-
AVERAGE SOLD PRICE $674,391 $674,391 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $448.49 $448.49 $- $-
TOTAL CONDOS SOLD 16 16 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 14 11 3 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.6 2.1 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 0% 0%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 4% 4% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 9% 9% 0% 0%
AVERAGE SOLD PRICE 6% 6% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 11% 11% 0% 0%
TOTAL CONDOS SOLD -38% -38% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -71% -82% -33% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -54% -71% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 2% 2% 0% 0%
(Source: MLS/CLAW)
14
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Brentwood is one of the wealthiest areas of Los Angeles, populated by affluent
professionals, political figures and celebrities. Known for its Spanish-style homes,
condos and traditional homes, Brentwood has prosperous commercial districts
along each of its major east-west thoroughfares, Wilshire Boulevard, San Vicente
Boulevard and Sunset Boulevard. The Spanish-style and traditional-style homes
as well as the condos of Brentwood are located at the base of the Santa Monica
Mountains. Brentwood was once part of the Rancho San Vicente y Santa Monica,
a Mexican land-grant ranch sold off in pieces by the Sepulveda family after the
Mexican-American War. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
BRENTWOOD
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $4,180,838 $- $2,225,060 $7,440,467
AVERAGE LIST PRICE PER SQUARE FOOT $1,049.63 $- $761.36 $1,320.70
AVERAGE SOLD PRICE $3,986,303 $- $2,188,056 $6,983,380
AVERAGE SOLD PRICE PER SQUARE FOOT $1,004.61 $- $748.70 $1,245.26
TOTAL SFH SOLD 40 - 25 15
TOTAL SFH FOR SALE AT END OF PERIOD 89 - 30 59
AVERAGE MONTHLY SUPPLY OF INVENTORY 6.7 - 3.6 11.8
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 95% 0% 98% 94%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,805,540 $- $1,949,677 $4,201,947
AVERAGE LIST PRICE PER SQUARE FOOT $906.18 $- $750.69 $1,068.80
AVERAGE SOLD PRICE $2,850,399 $- $2,006,257 $4,227,684
AVERAGE SOLD PRICE PER SQUARE FOOT $920.86 $- $773.15 $1,075.34
TOTAL SFH SOLD 50 - 31 19
TOTAL SFH FOR SALE AT END OF PERIOD 56 - 22 34
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.4 - 2.1 5.4
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 0% 103% 101%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 49% 0% 14% 77%
AVERAGE LIST PRICE PER SQUARE FOOT 16% 0% 1% 24%
AVERAGE SOLD PRICE 40% 0% 9% 65%
AVERAGE SOLD PRICE PER SQUARE FOOT 9% 0% -3% 16%
TOTAL SFH SOLD -20% 0% -19% -21%
TOTAL SFH FOR SALE AT END OF PERIOD 59% 0% 36% 74%
AVERAGE MONTHLY SUPPLY OF INVENTORY 99% 0% 69% 120%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -6% 0% -4% -7%
(Source: MLS/CLAW)
15
CONDOMINIUM SALES BRENTWOOD
FEBRUARY MARKET OVERVIEWIn Brentwood there were 12 single family home sales in January 2016, up from 10 in January 2015 and a 14% decrease
from the 14 sales closed last month. The average list price for single family home sales in January 2016 was $2,879,000
almost matching $2,883,300 for January 2015. For the three-month period from November to January 2016, the average
list price was 68% higher than the same period of the prior year. Average sales price for January 2016 was $2,709,670,
compared to that of November through January 2016, which was $4,318,418. These results indicate that the sale price is
trending down. Comparing January 2016 to December 2015, Brentwood saw a 57% decrease in average sale price, and a
9% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $986,902 $700,991 $1,402,773 $-
AVERAGE LIST PRICE PER SQUARE FOOT $584.70 $570.72 $595.30 $-
AVERAGE SOLD PRICE $973,887 $695,531 $1,378,768 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $576.99 $566.28 $585.11 $-
TOTAL CONDOS SOLD 54 32 22 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 29 16 12 1
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.6 1.5 1.6 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 98% 0%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $684,782 $644,792 $1,164,667 $-
AVERAGE LIST PRICE PER SQUARE FOOT $517.81 $511.97 $556.37 $-
AVERAGE SOLD PRICE $677,818 $641,275 $1,116,333 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $512.54 $509.40 $533.28 $-
TOTAL CONDOS SOLD 39 36 3 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 34 24 10 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.6 2.0 10.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 96% 0%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 44% 9% 20% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 13% 11% 7% 0%
AVERAGE SOLD PRICE 44% 8% 24% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 13% 11% 10% 0%
TOTAL CONDOS SOLD 38% -11% 633% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -15% -33% 20% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -38% -25% -84% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 3% 0%
(Source: MLS/CLAW)
16
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Cheviot Hills and Rancho Park are both situated within a short drive of Fox
Studios and Sony Studios. Cheviot Hills provides excellent views of much
of the Los Angeles. Cheviot Hills’ gently rolling hills are reminiscent of the
Cheviot Hills area of Scotland, which is how the area got its name. Rancho
Park, though a small residential neighborhood in West Los Angeles, is one
of the few districts in Los Angeles where fall foliage can be seen. Nestled
between Westwood and Cheviot Hills, Rancho Park is mostly filled with
single-family homes and tree-lined streets. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
CHEVIOT HILLS - RANCHO PARK
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,945,369 $899,000 $1,695,136 $6,495,000
AVERAGE LIST PRICE PER SQUARE FOOT $766.42 $654.29 $771.87 $764.84
AVERAGE SOLD PRICE $1,868,658 $844,200 $1,655,667 $5,875,000
AVERAGE SOLD PRICE PER SQUARE FOOT $736.20 $614.41 $753.90 $691.83
TOTAL SFH SOLD 16 1 14 1
TOTAL SFH FOR SALE AT END OF PERIOD 19 1 10 8
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.6 3.0 2.1 24.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 96% 94% 98% 90%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,454,250 $893,417 $1,528,867 $3,700,000
AVERAGE LIST PRICE PER SQUARE FOOT $710.18 $701.09 $696.97 $822.22
AVERAGE SOLD PRICE $1,479,080 $879,417 $1,585,883 $3,475,000
AVERAGE SOLD PRICE PER SQUARE FOOT $722.30 $690.10 $722.96 $772.22
TOTAL SFH SOLD 22 6 15 1
TOTAL SFH FOR SALE AT END OF PERIOD 10 1 8 1
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.4 0.5 1.6 3.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 98% 104% 94%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 34% 1% 11% 76%
AVERAGE LIST PRICE PER SQUARE FOOT 8% -7% 11% -7%
AVERAGE SOLD PRICE 26% -4% 4% 69%
AVERAGE SOLD PRICE PER SQUARE FOOT 2% -11% 4% -10%
TOTAL SFH SOLD -27% -83% -7% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 90% 0% 25% 700%
AVERAGE MONTHLY SUPPLY OF INVENTORY 161% 500% 34% 700%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -6% -5% -6% -4%
(Source: MLS/CLAW)
17
CONDOMINIUM SALES CHEVIOT HILLS - RANCHO PARK
FEBRUARY MARKET OVERVIEWIn Cheviot Hills - Rancho Park there were 7 single family home sales in January 2016, down from 8 in January 2015 and a
40% increase from the 5 sales closed last month. The average list price for single family home sales in January 2016 was
$2,215,143 compared to $1,183,125 for January 2015, representing an 87% increase. For the three-month period from
November to January 2016, the average list price was 27% higher than the same period of the prior year. Average sales
price for January 2016 was $2,071,576, compared to that of November through January 2016, which was $1,740,446.
These results indicate that the sale price is trending up. Comparing January 2016 to December 2015, Cheviot Hills -
Rancho Park saw a 34% increase in average sale price, and a 65% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $- $- $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $- $- $- $-
AVERAGE SOLD PRICE $- $- $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $- $- $- $-
TOTAL CONDOS SOLD - - - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $- $- $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $- $- $- $-
AVERAGE SOLD PRICE $- $- $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $- $- $- $-
TOTAL CONDOS SOLD - - - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 0% 0% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 0% 0% 0% 0%
AVERAGE SOLD PRICE 0% 0% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 0% 0% 0% 0%
TOTAL CONDOS SOLD 0% 0% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 0% 0% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 0% 0% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
(Source: MLS/CLAW)
18
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Charming Culver City, with its condos and traditional and Spanish-style homes,
is a town of galleries, shops, cafes and entrepreneurial businesses. Culver City
has been a focal point for motion picture studios since the 1920s and more
recently for television production, having been home to MGM Studios, the
Culver Studios and now Sony Picture Entertainment. Home of the Kirk Douglas
Theatre, Helms Bakeries and the Culver Hotel, Culver City’s condos, traditional
homes and Spanish-style homes offer a combination of urban living and small
town charm. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
CULVER CITY
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,068,232 $820,119 $1,372,736 $-
AVERAGE LIST PRICE PER SQUARE FOOT $661.76 $644.84 $674.11 $-
AVERAGE SOLD PRICE $1,050,235 $814,204 $1,339,909 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $650.24 $639.62 $657.99 $-
TOTAL SFH SOLD 49 27 22 -
TOTAL SFH FOR SALE AT END OF PERIOD 20 8 12 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.2 0.9 1.6 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 99% 98% 0%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $911,246 $774,434 $1,194,643 $-
AVERAGE LIST PRICE PER SQUARE FOOT $577.59 $588.26 $563.85 $-
AVERAGE SOLD PRICE $912,773 $774,681 $1,198,821 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $578.56 $588.45 $565.82 $-
TOTAL SFH SOLD 43 29 14 -
TOTAL SFH FOR SALE AT END OF PERIOD 19 7 12 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.3 0.7 2.6 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 100% 0%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 17% 6% 15% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 15% 10% 20% 0%
AVERAGE SOLD PRICE 15% 5% 12% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 12% 9% 16% 0%
TOTAL SFH SOLD 14% -7% 57% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 5% 14% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -8% 23% -36% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -2% -1% -3% 0%
(Source: MLS/CLAW)
19
CONDOMINIUM SALES CULVER CITY
FEBRUARY MARKET OVERVIEWIn Culver City there were 16 single family home sales in January 2016, up from 11 in January 2015 and a 36% decrease
from the 25 sales closed last month. The average list price for single family home sales in January 2016 was $970,756
almost matching $949,091 for January 2015. For the three-month period from November to January 2016, the average
list price was 14% higher than the same period of the prior year. Average sales price for January 2016 was $942,563,
compared to that of November through January 2016, which was $1,041,565. These results indicate that the sale price
is trending down. Comparing January 2016 to December 2015, Culver City saw a 14% decrease in average sale price, but
was flat compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $568,722 $501,002 $1,178,200 $-
AVERAGE LIST PRICE PER SQUARE FOOT $468.21 $437.11 $643.47 $-
AVERAGE SOLD PRICE $566,170 $504,100 $1,124,800 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $466.11 $439.81 $614.31 $-
TOTAL CONDOS SOLD 50 45 5 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 14 14 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 0.8 0.9 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 101% 95% 0%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $476,651 $476,651 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $403.89 $403.89 $- $-
AVERAGE SOLD PRICE $479,776 $479,776 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $406.54 $406.54 $- $-
TOTAL CONDOS SOLD 55 55 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 17 17 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 0.9 0.9 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 101% 0% 0%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 19% 5% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 16% 8% 0% 0%
AVERAGE SOLD PRICE 18% 5% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 15% 8% 0% 0%
TOTAL CONDOS SOLD -9% -18% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -18% -18% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -9% 1% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% 0% 0% 0%
(Source: MLS/CLAW)
20
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Downtown Los Angeles offers urban living with its condos and lofts, and its
central business district with skyscrapers, multinational corporations, popular
art institutions, public art displays, sightseeing opportunities, sports facilities
and shopping. Home to world-famous establishments like The Walt Disney
Concert Hall, Staples Center, Cathedral of our Lady of the Angels and the
University of Southern California, Downtown Los Angeles borders Lincoln
Heights and the LA River to the east, Hollywood to the north, the Santa Monica
Freeway to the south, and the Harbor Freeway to the west. Perfect for those
seeking condos and lofts. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
DOWNTOWN LOS ANGELES
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $332,600 $332,600 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $241.46 $241.46 $- $-
AVERAGE SOLD PRICE $321,410 $321,410 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $233.16 $233.16 $- $-
TOTAL SFH SOLD 29 29 - -
TOTAL SFH FOR SALE AT END OF PERIOD 27 27 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.8 2.8 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 97% 0% 0%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $308,090 $308,090 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $229.78 $229.78 $- $-
AVERAGE SOLD PRICE $297,838 $297,838 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $221.61 $221.61 $- $-
TOTAL SFH SOLD 20 20 - -
TOTAL SFH FOR SALE AT END OF PERIOD 20 18 1 1
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.0 2.7 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 97% 0% 0%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 8% 8% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 5% 5% 0% 0%
AVERAGE SOLD PRICE 8% 8% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 5% 5% 0% 0%
TOTAL SFH SOLD 45% 45% 0% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 35% 50% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -7% 3% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
(Source: MLS/CLAW)
21
CONDOMINIUM SALES DOWNTOWN LOS ANGELES
FEBRUARY MARKET OVERVIEWIn Downtown L.A. there were 26 condominium sales in January 2016, up from 23 in January 2015 and a 7% decrease
from the 28 sales closed last month. The average list price for condo sales in January 2016 was $718,327 compared to
$626,913 for January 2015, representing a 15% increase. For the three-month period from November to January 2016,
the average list price was 8% higher than the same period of the prior year. Average sales price for January 2016 was
$691,425, compared to that of November through January 2016, which was $665,290. These results indicate that the
sale price is trending up. Comparing January 2016 to December 2015, Downtown L.A. saw a 9% increase in average sale
price, and a 14% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $675,957 $564,235 $1,513,875 $-
AVERAGE LIST PRICE PER SQUARE FOOT $629.23 $573.02 $866.93 $-
AVERAGE SOLD PRICE $657,352 $554,449 $1,429,125 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $611.91 $563.08 $818.40 $-
TOTAL CONDOS SOLD 68 60 8 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 115 84 25 6
AVERAGE MONTHLY SUPPLY OF INVENTORY 5.1 4.2 9.4 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 98% 94% 0%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $624,994 $531,027 $1,670,375 $-
AVERAGE LIST PRICE PER SQUARE FOOT $581.57 $531.89 $868.40 $-
AVERAGE SOLD PRICE $610,156 $521,136 $1,600,500 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $567.76 $521.99 $832.08 $-
TOTAL CONDOS SOLD 97 89 8 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 101 87 12 2
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.1 2.9 4.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 96% 0%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 8% 6% -9% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 8% 8% 0% 0%
AVERAGE SOLD PRICE 8% 6% -11% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 8% 8% -2% 0%
TOTAL CONDOS SOLD -30% -33% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 14% -3% 108% 200%
AVERAGE MONTHLY SUPPLY OF INVENTORY 62% 43% 108% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% -1% 0%
(Source: MLS/CLAW)
22
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Eagle Rock, a neighborhood of architectural and historic homes, is bordered
by Glendale on the north and west, Highland Park to the southeast, Glassell
Park to the southwest, and Pasadena and South Pasadena on the east. At
certain times of the day on the northern edge of Eagle Rock, an enormous
boulder projects a bird-shaped shadow resembling an eagle in flight, giving
the city its name. Since the 1920s, artists, writers and filmmakers have
moved to the architectural and historic homes of Eagle Rock, with Craftsman,
Georgian, Art Deco and Mission Revival styles.CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
EAGLE ROCK
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $730,729 $699,623 $1,399,500 $-
AVERAGE LIST PRICE PER SQUARE FOOT $491.83 $492.45 $485.26 $-
AVERAGE SOLD PRICE $756,814 $726,433 $1,410,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $509.39 $511.32 $488.90 $-
TOTAL SFH SOLD 45 43 2 -
TOTAL SFH FOR SALE AT END OF PERIOD 31 26 5 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.1 1.8 7.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 104% 104% 101% 0%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $754,222 $633,727 $1,284,400 $-
AVERAGE LIST PRICE PER SQUARE FOOT $450.95 $434.71 $490.75 $-
AVERAGE SOLD PRICE $759,220 $638,009 $1,292,546 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $453.94 $437.65 $493.87 $-
TOTAL SFH SOLD 27 22 5 -
TOTAL SFH FOR SALE AT END OF PERIOD 29 27 2 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.2 3.7 1.2 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 101% 101% 0%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -3% 10% 9% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 9% 13% -1% 0%
AVERAGE SOLD PRICE 0% 14% 9% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 12% 17% -1% 0%
TOTAL SFH SOLD 67% 95% -60% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 7% -4% 150% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -36% -51% 525% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 3% 3% 0% 0%
(Source: MLS/CLAW)
23
CONDOMINIUM SALES EAGLE ROCK
FEBRUARY MARKET OVERVIEWIn Eagle Rock there were 13 single family home sales in January 2016, up from 6 in January 2015 and a 35% decrease from
the 20 sales closed last month. The average list price for single family home sales in January 2016 was $700,077 almost
matching $712,000 for January 2015. For the three-month period from November to January 2016, the average list price
was 7% higher than the same period of the prior year. Average sales price for January 2016 was $734,856, compared
to that of November through January 2016, which was $734,354. These results indicate that the sale price is trending
up. Comparing January 2016 to December 2015, Eagle Rock saw a 1% increase in average sale price, and a 4% increase
compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $395,000 $395,000 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $411.46 $411.46 $- $-
AVERAGE SOLD PRICE $391,000 $391,000 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $407.29 $407.29 $- $-
TOTAL CONDOS SOLD 1 1 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 1 1 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.0 3.0 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 0% 0%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $189,999 $189,999 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $398.32 $398.32 $- $-
AVERAGE SOLD PRICE $186,500 $186,500 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $390.99 $390.99 $- $-
TOTAL CONDOS SOLD 1 1 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 0% 0%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 108% 108% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 3% 3% 0% 0%
AVERAGE SOLD PRICE 110% 110% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 4% 4% 0% 0%
TOTAL CONDOS SOLD 0% 0% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 0% 0% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 0% 0% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 1% 0% 0%
(Source: MLS/CLAW)
24
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Hancock Park is a historic neighborhood in Los Angeles, which was developed
in the 1920s by the Hancock family with profits earned from oil drilling. The
residential community is centrally located in the city and is bound by Wilshire
Boulevard, Melrose Avenue, Higland Avenue and Rossmore Avenue. Unusual for
most LA neighborhoods, residences in Hancock Park tend to be set back from
the street, most power and telephone lines are buried, and fences are a rarity. It
is located near both the Wilshire Country Club and the Los Angeles Tennis Club.
Hancock Park continues to be one of the most desirable areas in all of Southern
California to live. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
HANCOCK PARK
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,804,420 $843,313 $1,792,246 $4,264,000
AVERAGE LIST PRICE PER SQUARE FOOT $654.33 $439.93 $678.39 $791.54
AVERAGE SOLD PRICE $1,764,553 $825,960 $1,756,133 $4,150,333
AVERAGE SOLD PRICE PER SQUARE FOOT $639.64 $430.88 $664.33 $770.43
TOTAL SFH SOLD 49 15 28 6
TOTAL SFH FOR SALE AT END OF PERIOD 58 9 41 8
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.6 1.8 4.4 4.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 98% 97%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,837,849 $814,418 $1,637,061 $5,140,556
AVERAGE LIST PRICE PER SQUARE FOOT $627.66 $423.33 $623.72 $772.00
AVERAGE SOLD PRICE $1,845,089 $811,666 $1,711,766 $4,863,765
AVERAGE SOLD PRICE PER SQUARE FOOT $629.50 $421.90 $652.82 $730.43
TOTAL SFH SOLD 71 21 41 9
TOTAL SFH FOR SALE AT END OF PERIOD 63 20 38 5
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.7 2.9 2.8 1.7
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 105% 95%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -2% 4% 9% -17%
AVERAGE LIST PRICE PER SQUARE FOOT 4% 4% 9% 3%
AVERAGE SOLD PRICE -4% 2% 3% -15%
AVERAGE SOLD PRICE PER SQUARE FOOT 2% 2% 2% 5%
TOTAL SFH SOLD -31% -29% -32% -33%
TOTAL SFH FOR SALE AT END OF PERIOD -8% -55% 8% 60%
AVERAGE MONTHLY SUPPLY OF INVENTORY 33% -37% 58% 140%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -3% -2% -6% 3%
(Source: MLS/CLAW)
25
CONDOMINIUM SALES HANCOCK PARK
FEBRUARY MARKET OVERVIEWIn Hancock Park - Wilshire there were 18 single family home sales in January 2016, down from 24 in January 2015 and a
13% increase from the 16 sales closed last month. The average list price for single family home sales in January 2016 was
$1,825,000 compared to $2,109,329 for January 2015, representing a 13% decrease. For the three-month period from
November to January 2016, the average list price was flat compared to the same period of the prior year. Average sales
price for January 2016 was $1,772,854, compared to that of November through January 2016, which was $1,926,956.
These results indicate that the sale price is trending down. Comparing January 2016 to December 2015, Hancock Park -
Wilshire saw a 7% decrease in average sale price, and a 13% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $524,424 $524,424 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $435.77 $435.77 $- $-
AVERAGE SOLD PRICE $514,002 $514,002 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $427.11 $427.11 $- $-
TOTAL CONDOS SOLD 38 38 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 60 49 11 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.7 3.9 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 0% 0%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $575,191 $517,779 $1,522,500 $-
AVERAGE LIST PRICE PER SQUARE FOOT $457.58 $435.32 $641.73 $-
AVERAGE SOLD PRICE $565,234 $505,703 $1,547,500 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $449.66 $425.17 $652.27 $-
TOTAL CONDOS SOLD 35 33 2 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 47 45 2 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.0 4.1 3.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 102% 0%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -9% 1% -100% 0%
AVERAGE LIST PRICE PER SQUARE FOOT -5% 0% -100% 0%
AVERAGE SOLD PRICE -9% 2% -100% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT -5% 0% -100% 0%
TOTAL CONDOS SOLD 9% 15% -100% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 28% 9% 450% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 18% -5% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% -100% 0%
(Source: MLS/CLAW)
26
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Hollywood puts you right in one of the most desirable districts of Los Angeles real
estate. Hollywood’s fame is rooted in its cultural identity, peerless entertainment
industry and historical significance as the origin of American cinema. Hollywood
is consistently the host of major events such as the Academy Awards and is
the paramount tourist attraction with Hollywood Boulevard, the Walk of Fame
and the Hollywood Bowl. From the red carpet to Hollywood’s 130-acre national
park, Runyon Canyon, this vibrant community radiates its authentic prestige.
Hollywood homes and estates are some of the most luxurious in all of California.
CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
HOLLYWOOD
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $956,259 $760,387 $1,609,166 $-
AVERAGE LIST PRICE PER SQUARE FOOT $561.83 $533.85 $612.39 $-
AVERAGE SOLD PRICE $934,631 $744,045 $1,569,917 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $549.12 $522.38 $597.46 $-
TOTAL SFH SOLD 26 20 6 -
TOTAL SFH FOR SALE AT END OF PERIOD 18 12 6 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.1 1.8 3.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 98% 0%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $864,167 $702,843 $1,186,817 $-
AVERAGE LIST PRICE PER SQUARE FOOT $512.28 $448.98 $614.98 $-
AVERAGE SOLD PRICE $860,722 $674,083 $1,234,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $510.24 $430.61 $639.43 $-
TOTAL SFH SOLD 18 12 6 -
TOTAL SFH FOR SALE AT END OF PERIOD 22 19 3 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.7 4.8 1.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 96% 104% 0%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 11% 8% 36% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 10% 19% 0% 0%
AVERAGE SOLD PRICE 9% 10% 27% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 8% 21% -7% 0%
TOTAL SFH SOLD 44% 67% 0% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -18% -37% 100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -43% -62% 100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -2% 2% -6% 0%
(Source: MLS/CLAW)
27
CONDOMINIUM SALES HOLLYWOOD
FEBRUARY MARKET OVERVIEWIn Hollywood there were 5 single family home sales in January 2016, down from 6 in January 2015 and a 38% decrease
from the 8 sales closed last month. The average list price for single family home sales in January 2016 was $1,266,799
compared to $1,065,150 for January 2015, representing a 19% increase. For the three-month period from November
to January 2016, the average list price was 18% higher than the same period of the prior year. Average sales price for
January 2016 was $1,212,700, compared to that of November through January 2016, which was $1,018,239. These results
indicate that the sale price is trending up. Comparing January 2016 to December 2015, Hollywood saw a 46% increase in
average sale price, and a 10% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $637,094 $613,640 $1,200,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $526.65 $532.00 $468.75 $-
AVERAGE SOLD PRICE $622,727 $600,757 $1,150,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $514.77 $520.83 $449.22 $-
TOTAL CONDOS SOLD 25 24 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 25 23 2 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.0 2.9 6.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 96% 0%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $765,000 $589,000 $1,425,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $559.28 $493.96 $769.58 $-
AVERAGE SOLD PRICE $749,829 $571,783 $1,417,500 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $546.98 $479.52 $764.18 $-
TOTAL CONDOS SOLD 19 15 4 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 20 13 7 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.2 2.6 5.3 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 97% 99% 0%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -17% 4% -16% 0%
AVERAGE LIST PRICE PER SQUARE FOOT -6% 8% -39% 0%
AVERAGE SOLD PRICE -17% 5% -19% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT -6% 9% -41% 0%
TOTAL CONDOS SOLD 32% 60% -75% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 25% 77% -71% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -5% 11% 14% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 1% -4% 0%
(Source: MLS/CLAW)
28
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Hollywood Hills real estate means breathtaking homes in a sought-after neighborhood
of Los Angeles. It is located overlooking the city in the southeastern Santa Monica
Mountains. High above the city, the views of Downtown Los Angeles and the Pacific,
and the calm and serenity that can be found there make the Hills a draw for many
celebrities and non-celebrities alike. A number of Hollywood Hills homes can be found
on the Bird Streets above the Sunset Strip, Laurel Canyon and Beachwood Canyon.
Mulholland Drive, famed on its own, can be found along the top of the Hills. Homes
here can range from Mid-Century masterpieces to stunning modern Architectural to
traditional hillside. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
HOLLYWOOD HILLS EAST
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,505,363 $893,414 $1,527,590 $5,299,995
AVERAGE LIST PRICE PER SQUARE FOOT $608.36 $631.53 $591.77 $718.45
AVERAGE SOLD PRICE $1,466,004 $893,571 $1,496,529 $4,801,500
AVERAGE SOLD PRICE PER SQUARE FOOT $591.35 $630.48 $579.73 $650.87
TOTAL SFH SOLD 30 7 22 1
TOTAL SFH FOR SALE AT END OF PERIOD 36 8 27 1
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.6 3.4 3.7 3.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 100% 98% 91%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,423,077 $842,300 $1,658,800 $3,695,000
AVERAGE LIST PRICE PER SQUARE FOOT $586.46 $539.24 $579.92 $809.60
AVERAGE SOLD PRICE $1,418,658 $833,400 $1,651,740 $3,775,000
AVERAGE SOLD PRICE PER SQUARE FOOT $584.64 $533.55 $577.45 $827.13
TOTAL SFH SOLD 26 10 15 1
TOTAL SFH FOR SALE AT END OF PERIOD 32 5 25 2
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.7 1.5 5.0 6.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 99% 100% 102%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 6% 6% -8% 43%
AVERAGE LIST PRICE PER SQUARE FOOT 4% 17% 2% -11%
AVERAGE SOLD PRICE 3% 7% -9% 27%
AVERAGE SOLD PRICE PER SQUARE FOOT 1% 18% 0% -21%
TOTAL SFH SOLD 15% -30% 47% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 13% 60% 8% -50%
AVERAGE MONTHLY SUPPLY OF INVENTORY -3% 129% -26% -50%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -2% 1% -2% -11%
(Source: MLS/CLAW)
29
CONDOMINIUM SALES HOLLYWOOD HILLS EAST
FEBRUARY MARKET OVERVIEWIn Hollywood Hills East there were 12 single family home sales in January 2016, up from 8 in January 2015 and a 20%
increase from the 10 sales closed last month. The average list price for single family home sales in January 2016 was
$1,645,908 compared to $1,162,563 for January 2015, representing a 42% increase. For the three-month period from
November to January 2016, the average list price was 6% higher than the same period of the prior year. Average sales
price for January 2016 was $1,583,166, compared to that of November through January 2016, which was $1,406,261.
These results indicate that the sale price is trending up. Comparing January 2016 to December 2015, Hollywood Hills East
saw a 10% increase in average sale price, and a 35% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $459,890 $459,890 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $416.76 $416.76 $- $-
AVERAGE SOLD PRICE $467,220 $467,220 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $423.40 $423.40 $- $-
TOTAL CONDOS SOLD 10 10 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 2 2 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 0.6 0.6 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 102% 0% 0%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $447,373 $447,373 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $395.93 $395.93 $- $-
AVERAGE SOLD PRICE $437,038 $437,038 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $386.79 $386.79 $- $-
TOTAL CONDOS SOLD 13 13 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 9 8 1 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.1 1.8 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 0% 0%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 3% 3% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 5% 5% 0% 0%
AVERAGE SOLD PRICE 7% 7% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 9% 9% 0% 0%
TOTAL CONDOS SOLD -23% -23% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -78% -75% -100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -71% -68% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 4% 4% 0% 0%
(Source: MLS/CLAW)
30
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Richly immersed with history dating back to the nineteenth century, Los
Feliz is located just south of the Santa Monica Mountains and is adjacent to
Hollywood. The area features the Griffith Observatory, the Greek Theatre,
and the Los Angeles Zoo. Los Feliz homes offer a welcoming and cohesive
community recognized for its chic sophistication. Historic and noted
homes can be found throughout Los Feliz, which has an enclave of celebrity
residents. Los Feliz is known for its grand Spanish estates, charming California
bungalows and many original craftsman homes.
CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
LOS FELIZ
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,779,363 $801,077 $1,710,654 $5,560,000
AVERAGE LIST PRICE PER SQUARE FOOT $634.91 $540.62 $647.17 $663.66
AVERAGE SOLD PRICE $1,750,600 $799,954 $1,702,197 $5,263,729
AVERAGE SOLD PRICE PER SQUARE FOOT $624.61 $539.86 $643.97 $617.91
TOTAL SFH SOLD 52 13 35 4
TOTAL SFH FOR SALE AT END OF PERIOD 36 4 23 9
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.1 0.9 2.0 6.8
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 100% 100% 95%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,604,773 $720,993 $1,740,597 $3,414,000
AVERAGE LIST PRICE PER SQUARE FOOT $639.35 $566.82 $601.46 $881.53
AVERAGE SOLD PRICE $1,587,329 $728,733 $1,716,542 $3,362,000
AVERAGE SOLD PRICE PER SQUARE FOOT $632.07 $572.90 $592.63 $868.11
TOTAL SFH SOLD 51 15 31 5
TOTAL SFH FOR SALE AT END OF PERIOD 31 8 18 5
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.8 1.6 1.7 3.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 101% 99% 98%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 11% 11% -2% 63%
AVERAGE LIST PRICE PER SQUARE FOOT -1% -5% 8% -25%
AVERAGE SOLD PRICE 10% 10% -1% 57%
AVERAGE SOLD PRICE PER SQUARE FOOT -1% -6% 9% -29%
TOTAL SFH SOLD 2% -13% 13% -20%
TOTAL SFH FOR SALE AT END OF PERIOD 16% -50% 28% 80%
AVERAGE MONTHLY SUPPLY OF INVENTORY 14% -42% 13% 125%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% -1% 1% -4%
(Source: MLS/CLAW)
31
CONDOMINIUM SALES LOS FELIZ
FEBRUARY MARKET OVERVIEWIn Los Feliz there were 15 single family home sales in January 2016, down from 16 in January 2015 and a 21% decrease
from the 19 sales closed last month. The average list price for single family home sales in January 2016 was $1,341,067
compared to $1,790,125 for January 2015, representing a 25% decrease. For the three-month period from November to
January 2016, the average list price was 1% lower than the same period of the prior year. Average sales price for January
2016 was $1,326,800, compared to that of November through January 2016, which was $1,544,244. These results
indicate that the sale price is trending down. Comparing January 2016 to December 2015, Los Feliz saw a 15% decrease in
average sale price, and a 24% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $582,700 $582,700 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $491.11 $491.11 $- $-
AVERAGE SOLD PRICE $584,540 $584,540 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $492.66 $492.66 $- $-
TOTAL CONDOS SOLD 10 10 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 3 3 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 0.9 0.9 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 0% 0%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $440,000 $440,000 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $536.31 $536.31 $- $-
AVERAGE SOLD PRICE $437,500 $437,500 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $533.26 $533.26 $- $-
TOTAL CONDOS SOLD 7 7 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 4 4 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.7 1.7 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 0% 0%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 32% 32% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT -8% -8% 0% 0%
AVERAGE SOLD PRICE 34% 34% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT -8% -8% 0% 0%
TOTAL CONDOS SOLD 43% 43% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -25% -25% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -48% -48% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 1% 0% 0%
(Source: MLS/CLAW)
32
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Few names can evoke visions of beach living and casual elegance as readily as
Malibu, California. Embracing nearly 27 miles of gorgeous California coastline,
Malibu has long been home to some of the most influential people in the world.
The terrain varies widely, and some of Malibu’s famous beaches and surf
spots include Surfrider Beach, Zuma Beach and Le Carrillo Beach. Ocean-side
dining, boutique shops and gorgeous beaches combine to create the unique
lifestyle that exemplifies living in a Malibu home. Sotheby’s International
Realty, Inc provides some breathtaking Malibu properties with oceanfront and
spectacular beach views. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
MALIBU
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $3,578,854 $863,500 $2,051,040 $6,695,000
AVERAGE LIST PRICE PER SQUARE FOOT $1,037.82 $391.97 $721.40 $1,351.71
AVERAGE SOLD PRICE $3,352,820 $805,000 $1,937,424 $6,244,286
AVERAGE SOLD PRICE PER SQUARE FOOT $973.02 $365.41 $684.19 $1,260.71
TOTAL SFH SOLD 41 2 25 14
TOTAL SFH FOR SALE AT END OF PERIOD 135 1 48 86
AVERAGE MONTHLY SUPPLY OF INVENTORY 9.9 1.5 5.8 18.4
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 94% 93% 94% 93%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,880,475 $942,600 $2,148,957 $5,090,000
AVERAGE LIST PRICE PER SQUARE FOOT $882.60 $675.63 $708.33 $1,122.60
AVERAGE SOLD PRICE $2,645,173 $861,300 $1,965,757 $4,690,667
AVERAGE SOLD PRICE PER SQUARE FOOT $815.01 $638.56 $652.64 $1,036.84
TOTAL SFH SOLD 40 5 23 12
TOTAL SFH FOR SALE AT END OF PERIOD 121 - 52 69
AVERAGE MONTHLY SUPPLY OF INVENTORY 9.1 - 6.8 17.3
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 92% 91% 91% 92%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 24% -8% -5% 32%
AVERAGE LIST PRICE PER SQUARE FOOT 18% -42% 2% 20%
AVERAGE SOLD PRICE 27% -7% -1% 33%
AVERAGE SOLD PRICE PER SQUARE FOOT 19% -43% 5% 22%
TOTAL SFH SOLD 3% -60% 9% 17%
TOTAL SFH FOR SALE AT END OF PERIOD 12% 0% -8% 25%
AVERAGE MONTHLY SUPPLY OF INVENTORY 9% 0% -15% 7%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 2% 2% 3% 1%
(Source: MLS/CLAW)
33
CONDOMINIUM SALES MALIBU
FEBRUARY MARKET OVERVIEWIn Malibu there were 10 single family home sales in January 2016, down from 12 in January 2015 and a 47% decrease from
the 19 sales closed last month. The average list price for single family home sales in January 2016 was $2,835,900 almost
matching $2,744,417 for January 2015. For the three-month period from November to January 2016, the average list price
was 45% higher than the same period of the prior year. Average sales price for January 2016 was $2,713,400, compared
to that of November through January 2016, which was $3,628,443. These results indicate that the sale price is trending
down. Comparing January 2016 to December 2015, Malibu saw a 36% decrease in average sale price, but a 8% increase
compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $940,000 $838,750 $1,345,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $705.71 $733.17 $645.39 $-
AVERAGE SOLD PRICE $928,000 $820,000 $1,360,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $696.70 $716.78 $652.59 $-
TOTAL CONDOS SOLD 5 4 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 16 4 9 3
AVERAGE MONTHLY SUPPLY OF INVENTORY 9.6 3.0 27.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 98% 101% 0%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,095,750 $669,000 $1,522,500 $-
AVERAGE LIST PRICE PER SQUARE FOOT $620.21 $412.58 $796.29 $-
AVERAGE SOLD PRICE $1,088,750 $652,500 $1,525,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $616.24 $402.41 $797.59 $-
TOTAL CONDOS SOLD 4 2 2 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 21 13 7 1
AVERAGE MONTHLY SUPPLY OF INVENTORY 15.8 19.5 10.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 98% 100% 0%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -14% 25% -12% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 14% 78% -19% 0%
AVERAGE SOLD PRICE -15% 26% -11% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 13% 78% -18% 0%
TOTAL CONDOS SOLD 25% 100% -50% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -24% -69% 29% 200%
AVERAGE MONTHLY SUPPLY OF INVENTORY -39% -85% 157% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% 0% 1% 0%
(Source: MLS/CLAW)
34
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Where the majestic Pacific meets golden sands, Malibu Beach is conveniently
located within short drives of Santa Monica, Beverly Hills and Los Angeles
International Airport. The area’s beachfront properties, vineyards and
ranches are the destination for some of the most influential people, seeking
a unique supply of Malibu Beach real estate. Malibu Beach offers the best of
the best, from luxurious beachfront properties on the sand to extraordinary
estates, mansions, vineyards, and ranches on the bluffs overlooking the
Pacific Ocean and lining the hillsides with views of the Channel Islands
offshore. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
MALIBU BEACH
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $9,053,545 $- $2,925,000 $10,415,444
AVERAGE LIST PRICE PER SQUARE FOOT $3,034.40 $- $1,903.68 $3,157.34
AVERAGE SOLD PRICE $7,995,918 $- $2,902,550 $9,127,778
AVERAGE SOLD PRICE PER SQUARE FOOT $2,671.13 $- $1,889.07 $2,756.16
TOTAL SFH SOLD 11 - 2 9
TOTAL SFH FOR SALE AT END OF PERIOD 56 - 7 49
AVERAGE MONTHLY SUPPLY OF INVENTORY 15.3 - 10.5 16.3
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 88% 0% 99% 88%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $4,696,857 $- $2,302,500 $5,654,600
AVERAGE LIST PRICE PER SQUARE FOOT $2,176.84 $- $1,739.97 $2,221.32
AVERAGE SOLD PRICE $4,393,571 $- $2,102,500 $5,310,000
AVERAGE SOLD PRICE PER SQUARE FOOT $2,039.72 $- $1,585.65 $2,085.95
TOTAL SFH SOLD 7 - 2 5
TOTAL SFH FOR SALE AT END OF PERIOD 51 - 7 44
AVERAGE MONTHLY SUPPLY OF INVENTORY 21.9 - 10.5 26.4
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 94% 0% 91% 94%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 93% 0% 27% 84%
AVERAGE LIST PRICE PER SQUARE FOOT 39% 0% 9% 42%
AVERAGE SOLD PRICE 82% 0% 38% 72%
AVERAGE SOLD PRICE PER SQUARE FOOT 31% 0% 19% 32%
TOTAL SFH SOLD 57% 0% 0% 80%
TOTAL SFH FOR SALE AT END OF PERIOD 10% 0% 0% 11%
AVERAGE MONTHLY SUPPLY OF INVENTORY -30% 0% 0% -38%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -6% 0% 9% -7%
(Source: MLS/CLAW)
35
CONDOMINIUM SALES MALIBU BEACH
FEBRUARY MARKET OVERVIEWIn Malibu Beach there were 4 single family home sales in January 2016, up from 2 in January 2015 and a similar
performance from the 4 sales closed last month. The average list price for single family home sales in January 2016 was
$11,686,250 compared to $4,962,500 for January 2015, representing a 135% increase. For the three-month period from
November to January 2016, the average list price was 72% higher than the same period of the prior year. Average sales
price for January 2016 was $10,437,500, compared to that of November through January 2016, which was $9,514,310.
These results indicate that the sale price is trending up. Comparing January 2016 to December 2015, Malibu Beach saw a
74% increase in average sale price, and a 121% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,472,500 $950,000 $1,995,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $1,126.63 $909.96 $1,270.70 $-
AVERAGE SOLD PRICE $1,415,000 $930,000 $1,900,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $1,082.63 $890.80 $1,210.19 $-
TOTAL CONDOS SOLD 2 1 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 11 4 5 2
AVERAGE MONTHLY SUPPLY OF INVENTORY 16.5 12.0 15.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 96% 98% 95% 0%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,150,500 $659,000 $1,314,333 $-
AVERAGE LIST PRICE PER SQUARE FOOT $1,205.97 $662.31 $1,397.73 $-
AVERAGE SOLD PRICE $1,080,000 $640,000 $1,226,667 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $1,132.08 $643.22 $1,304.50 $-
TOTAL CONDOS SOLD 4 1 3 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 10 5 5 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 7.5 15.0 5.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 94% 97% 93% 0%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 28% 44% 52% 0%
AVERAGE LIST PRICE PER SQUARE FOOT -7% 37% -9% 0%
AVERAGE SOLD PRICE 31% 45% 55% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT -4% 38% -7% 0%
TOTAL CONDOS SOLD -50% 0% -67% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 10% -20% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 120% -20% 200% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 2% 1% 2% 0%
(Source: MLS/CLAW)
36
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
With its blue waters and gleaming boats, sitting in the world’s largest manmade small-
craft harbor, Marina del Rey is an oasis of leisure and elegance in sunny Southern
California. Offering relaxing and beautiful views of the Pacific, Marina del Rey is home
to both estates and beach condominiums, and has access to boating, sailing, fishing
and a variety of water sports. Marina Del Rey is conveniently located five miles from
Los Angeles International Airport and just minutes from the San Diego and Marina
freeways. Adjacent to Venice Beach and Santa Monica, Marina Del Rey is also close
to major shopping malls, movie theaters, Hollywood, Beverly Hills and Downtown Los
Angeles. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
MARINA DEL REY
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,351,091 $788,600 $1,819,833 $-
AVERAGE LIST PRICE PER SQUARE FOOT $780.81 $782.34 $780.26 $-
AVERAGE SOLD PRICE $1,330,545 $776,800 $1,792,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $768.94 $770.63 $768.33 $-
TOTAL SFH SOLD 11 5 6 -
TOTAL SFH FOR SALE AT END OF PERIOD 14 3 4 7
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.8 1.8 2.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 99% 98% 0%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,321,790 $779,000 $2,318,613 $3,890,000
AVERAGE LIST PRICE PER SQUARE FOOT $669.34 $695.54 $631.60 $926.19
AVERAGE SOLD PRICE $2,228,066 $690,000 $2,236,332 $3,700,000
AVERAGE SOLD PRICE PER SQUARE FOOT $642.32 $616.07 $609.19 $880.95
TOTAL SFH SOLD 10 1 8 1
TOTAL SFH FOR SALE AT END OF PERIOD 5 2 2 1
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.5 6.0 0.8 3.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 96% 89% 96% 95%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -42% 1% -22% -100%
AVERAGE LIST PRICE PER SQUARE FOOT 17% 12% 24% -100%
AVERAGE SOLD PRICE -40% 13% -20% -100%
AVERAGE SOLD PRICE PER SQUARE FOOT 20% 25% 26% -100%
TOTAL SFH SOLD 10% 400% -25% -100%
TOTAL SFH FOR SALE AT END OF PERIOD 180% 50% 100% 600%
AVERAGE MONTHLY SUPPLY OF INVENTORY 155% -70% 167% -100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 3% 11% 2% -100%
(Source: MLS/CLAW)
37
CONDOMINIUM SALES MARINA DEL REY
FEBRUARY MARKET OVERVIEWIn Marina Del Rey there were 13 condominium sales in January 2016, down from 15 in January 2015 and a 58% decrease
from the 31 sales closed last month. The average list price for condo sales in January 2016 was $1,020,197 compared to
$953,733 for January 2015, representing a 7% increase. For the three-month period from November to January 2016,
the average list price was 14% higher than the same period of the prior year. Average sales price for January 2016 was
$1,003,308, compared to that of November through January 2016, which was $948,592. These results indicate that the
sale price is trending up. Comparing January 2016 to December 2015, Marina Del Rey saw a 12% increase in average sale
price, and a 8% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $924,280 $758,280 $1,366,944 $-
AVERAGE LIST PRICE PER SQUARE FOOT $603.43 $536.05 $724.40 $-
AVERAGE SOLD PRICE $909,819 $752,730 $1,328,722 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $594.17 $532.90 $704.15 $-
TOTAL CONDOS SOLD 66 48 18 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 55 30 23 2
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.5 1.9 3.8 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 99% 97% 0%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $921,274 $749,973 $1,553,769 $-
AVERAGE LIST PRICE PER SQUARE FOOT $578.72 $508.63 $764.82 $-
AVERAGE SOLD PRICE $906,098 $743,521 $1,506,385 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $569.20 $504.31 $741.50 $-
TOTAL CONDOS SOLD 61 48 13 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 70 41 28 1
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.4 2.6 6.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 99% 97% 0%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 0% 1% -12% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 4% 5% -5% 0%
AVERAGE SOLD PRICE 0% 1% -12% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 4% 6% -5% 0%
TOTAL CONDOS SOLD 8% 0% 38% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -21% -27% -18% 100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -27% -27% -41% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
(Source: MLS/CLAW)
38
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Mid Los Angeles is a district in Los Angeles, California, known for its
Spanish-style and traditional residences, as well as duplex properties. 2.5
miles south of Hollywood and 3.5 miles west of downtown Los Angeles,
Mid Los Angeles contains Brookside, Crestview, Fremont Place, Lafayette
Square, Little Ethiopia, Picfair Village and Victoria Park. Mid Los Angeles is
a great neighborhood, centrally located, great commercial and recreational
opportunities and close to all.CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
MID LOS ANGELES
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $610,779 $534,403 $1,263,455 $-
AVERAGE LIST PRICE PER SQUARE FOOT $377.65 $361.19 $450.74 $-
AVERAGE SOLD PRICE $610,271 $540,611 $1,205,545 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $377.51 $365.66 $430.08 $-
TOTAL SFH SOLD 105 94 11 -
TOTAL SFH FOR SALE AT END OF PERIOD 82 72 10 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.3 2.3 2.7 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 101% 95% 0%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $499,304 $491,261 $1,199,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $308.98 $307.16 $391.32 $-
AVERAGE SOLD PRICE $492,283 $484,148 $1,200,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $304.63 $302.72 $391.64 $-
TOTAL SFH SOLD 88 87 1 -
TOTAL SFH FOR SALE AT END OF PERIOD 79 76 3 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.7 2.6 9.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 100% 0%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 22% 9% 5% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 22% 18% 15% 0%
AVERAGE SOLD PRICE 24% 12% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 24% 21% 10% 0%
TOTAL SFH SOLD 19% 8% 1000% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 4% -5% 233% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -13% -12% -70% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 3% -5% 0%
(Source: MLS/CLAW)
39
CONDOMINIUM SALES MID LOS ANGELES
FEBRUARY MARKET OVERVIEWIn Mid Los Angeles there were 38 single family home sales in January 2016, up from 26 in January 2015 and a 3%
decrease from the 39 sales closed last month. The average list price for single family home sales in January 2016 was
$587,883 compared to $492,654 for January 2015, representing a 19% increase. For the three-month period from
November to January 2016, the average list price was 23% higher than the same period of the prior year. Average sales
price for January 2016 was $588,552, compared to that of November through January 2016, which was $582,171. These
results indicate that the sale price is trending up. Comparing January 2016 to December 2015, Mid Los Angeles saw a 2%
decrease in average sale price, but a 20% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $434,750 $434,750 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $369.69 $369.69 $- $-
AVERAGE SOLD PRICE $434,375 $434,375 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $369.37 $369.37 $- $-
TOTAL CONDOS SOLD 4 4 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 2 1 1 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.5 0.8 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 0% 0%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $367,000 $367,000 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $302.93 $302.93 $- $-
AVERAGE SOLD PRICE $360,000 $360,000 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $297.15 $297.15 $- $-
TOTAL CONDOS SOLD 2 2 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 2 2 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.0 3.0 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 0% 0%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 18% 18% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 22% 22% 0% 0%
AVERAGE SOLD PRICE 21% 21% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 24% 24% 0% 0%
TOTAL CONDOS SOLD 100% 100% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 0% -50% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -50% -75% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 2% 2% 0% 0%
(Source: MLS/CLAW)
40
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Mid Wilshire, also known as Midtown, contains neighborhoods like Hancock
Park, Windsor Square, Carthay Circle and Lafayette Square. Mid Wilshire
offers some of Los Angeles’s most magnificent residential architecture,
primarily in traditional city neighborhood settings. Mid Wilshire contains
Little Ethiopia, Miracle Mile, Park La Brea, Park Mile and Wilshire Vista, all
known for the area’s stunning residential architecture. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
MID WILSHIRE
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $785,992 $693,690 $1,247,500 $-
AVERAGE LIST PRICE PER SQUARE FOOT $349.94 $332.34 $410.36 $-
AVERAGE SOLD PRICE $768,667 $679,900 $1,212,500 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $342.23 $325.73 $398.85 $-
TOTAL SFH SOLD 12 10 2 -
TOTAL SFH FOR SALE AT END OF PERIOD 12 8 4 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.0 2.4 6.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 97% 0%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $612,200 $612,200 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $339.08 $339.08 $- $-
AVERAGE SOLD PRICE $603,133 $603,133 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $334.06 $334.06 $- $-
TOTAL SFH SOLD 15 15 - -
TOTAL SFH FOR SALE AT END OF PERIOD 18 13 5 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.6 2.6 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 0% 0%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 28% 13% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 3% -2% 0% 0%
AVERAGE SOLD PRICE 27% 13% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 2% -2% 0% 0%
TOTAL SFH SOLD -20% -33% 0% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -33% -38% -20% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -17% -8% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% -1% 0% 0%
(Source: MLS/CLAW)
41
CONDOMINIUM SALES MID WILSHIRE
FEBRUARY MARKET OVERVIEWIn Mid Wilshire there were 8 condominium sales in January 2016, down from 13 in January 2015 and a similar performance
from the 8 sales closed last month. The average list price for condo sales in January 2016 was $490,125 almost matching
$505,592 for January 2015. For the three-month period from November to January 2016, the average list price was
6% higher than the same period of the prior year. Average sales price for January 2016 was $488,250, compared to
that of November through January 2016, which was $535,403. These results indicate that the sale price is trending
down. Comparing January 2016 to December 2015, Mid Wilshire saw a 19% decrease in average sale price, but was flat
compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $586,261 $550,636 $1,370,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $441.97 $420.35 $810.65 $-
AVERAGE SOLD PRICE $572,012 $539,831 $1,280,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $431.23 $412.10 $757.40 $-
TOTAL CONDOS SOLD 23 22 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 39 36 3 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 5.1 4.9 9.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 93% 0%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $450,748 $450,748 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $404.25 $404.25 $- $-
AVERAGE SOLD PRICE $438,805 $438,805 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $393.54 $393.54 $- $-
TOTAL CONDOS SOLD 41 41 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 31 30 1 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.3 2.2 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 97% 0% 0%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 30% 22% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 9% 4% 0% 0%
AVERAGE SOLD PRICE 30% 23% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 10% 5% 0% 0%
TOTAL CONDOS SOLD -44% -46% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 26% 20% 200% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 124% 124% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 1% 0% 0%
(Source: MLS/CLAW)
42
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Founded in 1909, Mount Washington is located on the eastside of Los Angeles
neighboring Glassell Park, Eagle Rock, Highland Park and Montecito Heights
and its close proximity to both Pasadena and Downtown Los Angeles have
made it popular for homebuyers. It is known for the many 1950s and 1960s
modernist homes that can be found here. Recently the area has become a
more affordable alternative to the more pricey Westside.
CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
MOUNT WASHINGTON
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $772,435 $751,333 $994,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $455.73 $460.32 $422.26 $-
AVERAGE SOLD PRICE $799,891 $776,548 $1,045,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $471.92 $475.77 $443.93 $-
TOTAL SFH SOLD 23 21 2 -
TOTAL SFH FOR SALE AT END OF PERIOD 22 15 7 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.9 2.1 10.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 104% 103% 105% 0%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $627,210 $592,914 $1,124,500 $-
AVERAGE LIST PRICE PER SQUARE FOOT $478.07 $479.72 $465.82 $-
AVERAGE SOLD PRICE $639,623 $592,666 $1,320,500 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $487.53 $479.52 $547.02 $-
TOTAL SFH SOLD 31 29 2 -
TOTAL SFH FOR SALE AT END OF PERIOD 12 11 1 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.2 1.1 1.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 100% 117% 0%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 23% 27% -12% 0%
AVERAGE LIST PRICE PER SQUARE FOOT -5% -4% -9% 0%
AVERAGE SOLD PRICE 25% 31% -21% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT -3% -1% -19% 0%
TOTAL SFH SOLD -26% -28% 0% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 83% 36% 600% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 147% 88% 600% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 2% 3% -10% 0%
(Source: MLS/CLAW)
43
CONDOMINIUM SALES MOUNT WASHINGTON
FEBRUARY MARKET OVERVIEWIn Mount Washington there were 5 single family home sales in January 2016, down from 6 in January 2015 and a 64%
decrease from the 14 sales closed last month. The average list price for single family home sales in January 2016 was
$700,400 compared to $622,250 for January 2015, representing a 13% increase. For the three-month period from
November to January 2016, the average list price was 27% higher than the same period of the prior year. Average sales
price for January 2016 was $686,800, compared to that of November through January 2016, which was $786,267. These
results indicate that the sale price is trending down. Comparing January 2016 to December 2015, Mount Washington saw
a 19% decrease in average sale price, but a 10% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $- $- $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $- $- $- $-
AVERAGE SOLD PRICE $- $- $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $- $- $- $-
TOTAL CONDOS SOLD - - - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $- $- $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $- $- $- $-
AVERAGE SOLD PRICE $- $- $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $- $- $- $-
TOTAL CONDOS SOLD - - - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 0% 0% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 0% 0% 0% 0%
AVERAGE SOLD PRICE 0% 0% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 0% 0% 0% 0%
TOTAL CONDOS SOLD 0% 0% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 0% 0% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 0% 0% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
(Source: MLS/CLAW)
44
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Among Los Angeles’ most desired neighborhoods, Pacific Palisades sits against a
stunning backdrop with views of the Santa Monica mountains, the Pacific Coast,
and several canyons that run between them. Pacific Palisades is home to the well-
known J. Paul Getty Villa museum and beautiful parks offering sporting activities and
breathtaking views including Topanga Canyon State Park, Will Rogers State Historic
Park and Polo Club, and Rustin Canyon Park, as well as community events such as the
annual parade and fireworks display. Pacific Palisades offers sophisticated traditional
estates, dramatic architectural residences, custom-built properties and inviting
homes close to Palisades Village. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
PACIFIC PALISADES
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $3,384,875 $- $2,179,179 $4,590,571
AVERAGE LIST PRICE PER SQUARE FOOT $1,030.04 $- $996.36 $1,050.62
AVERAGE SOLD PRICE $3,335,376 $- $2,147,509 $4,523,243
AVERAGE SOLD PRICE PER SQUARE FOOT $1,015.53 $- $981.88 $1,036.09
TOTAL SFH SOLD 56 - 28 28
TOTAL SFH FOR SALE AT END OF PERIOD 77 - 32 45
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.1 - 3.4 4.8
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 0% 99% 99%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,803,830 $- $2,053,167 $4,128,529
AVERAGE LIST PRICE PER SQUARE FOOT $912.88 $- $833.59 $986.31
AVERAGE SOLD PRICE $2,730,057 $- $1,989,275 $4,037,321
AVERAGE SOLD PRICE PER SQUARE FOOT $890.67 $- $810.94 $964.52
TOTAL SFH SOLD 47 - 30 17
TOTAL SFH FOR SALE AT END OF PERIOD 71 1 26 44
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.5 - 2.6 7.8
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 0% 97% 98%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 21% 0% 6% 11%
AVERAGE LIST PRICE PER SQUARE FOOT 13% 0% 20% 7%
AVERAGE SOLD PRICE 22% 0% 8% 12%
AVERAGE SOLD PRICE PER SQUARE FOOT 14% 0% 21% 7%
TOTAL SFH SOLD 19% 0% -7% 65%
TOTAL SFH FOR SALE AT END OF PERIOD 8% -100% 23% 2%
AVERAGE MONTHLY SUPPLY OF INVENTORY -9% 0% 32% -38%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 0% 2% 1%
(Source: MLS/CLAW)
45
CONDOMINIUM SALES PACIFIC PALISADES
FEBRUARY MARKET OVERVIEWIn Pacific Palisades there were 16 single family home sales in January 2016, up from 14 in January 2015 and a 30%
decrease from the 23 sales closed last month. The average list price for single family home sales in January 2016 was
$3,474,000 compared to $2,453,357 for January 2015, representing a 42% increase. For the three-month period from
November to January 2016, the average list price was 10% higher than the same period of the prior year. Average sales
price for January 2016 was $3,410,532, compared to that of November through January 2016, which was $3,191,708.
These results indicate that the sale price is trending up. Comparing January 2016 to December 2015, Pacific Palisades
saw a 1% increase in average sale price, and a 45% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $945,838 $764,940 $1,247,333 $-
AVERAGE LIST PRICE PER SQUARE FOOT $595.50 $581.84 $610.14 $-
AVERAGE SOLD PRICE $930,103 $753,165 $1,225,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $585.59 $572.88 $599.22 $-
TOTAL CONDOS SOLD 16 10 6 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 19 11 7 1
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.6 3.3 3.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 98% 0%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $966,455 $777,667 $1,193,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $614.54 $521.34 $714.46 $-
AVERAGE SOLD PRICE $1,048,523 $753,500 $1,402,550 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $666.73 $505.14 $839.95 $-
TOTAL CONDOS SOLD 11 6 5 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 6 4 2 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.6 2.0 1.2 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 108% 97% 118% 0%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -2% -2% 5% 0%
AVERAGE LIST PRICE PER SQUARE FOOT -3% 12% -15% 0%
AVERAGE SOLD PRICE -11% 0% -13% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT -12% 13% -29% 0%
TOTAL CONDOS SOLD 45% 67% 20% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 217% 175% 250% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 118% 65% 192% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -9% 2% -16% 0%
(Source: MLS/CLAW)
46
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Adjacent to Culver City and minutes from the ocean and UCLA is the community
of Palms – Mar Vista. Named after its magnificent views of the ocean along its hilly
border near Santa Monica, Palms – Mar Vista is one of the oldest communities
in Los Angeles and one of the least dense in all of West Los Angeles. Palms – Mar
Vista is full of homes built during the 1920s and 1930s as well as an abundance of
wonderfully preserved mid-century modern architecture. Those seeking 1920s
homes, 1930s homes and mid-century modern architecture can also enjoy the
area’s Mar Vista Park, covering an entire city block with a new recreation center
and roller hockey rink. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
PALMS - MAR VISTA
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,349,197 $858,145 $1,509,916 $3,295,000
AVERAGE LIST PRICE PER SQUARE FOOT $743.67 $690.52 $756.20 $776.57
AVERAGE SOLD PRICE $1,352,457 $868,350 $1,514,898 $3,075,000
AVERAGE SOLD PRICE PER SQUARE FOOT $749.78 $698.73 $764.35 $724.72
TOTAL SFH SOLD 70 20 49 1
TOTAL SFH FOR SALE AT END OF PERIOD 30 5 24 1
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.3 0.8 1.5 3.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 101% 100% 93%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,254,106 $870,031 $1,563,500 $-
AVERAGE LIST PRICE PER SQUARE FOOT $640.86 $633.13 $644.38 $-
AVERAGE SOLD PRICE $1,247,717 $863,828 $1,556,962 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $637.59 $628.62 $641.69 $-
TOTAL SFH SOLD 65 29 36 -
TOTAL SFH FOR SALE AT END OF PERIOD 42 9 33 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.9 0.9 2.8 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 100% 0%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 8% -1% -3% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 16% 9% 17% 0%
AVERAGE SOLD PRICE 8% 1% -3% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 18% 11% 19% 0%
TOTAL SFH SOLD 8% -31% 36% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -29% -44% -27% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -34% -19% -47% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 2% 1% 0%
(Source: MLS/CLAW)
47
CONDOMINIUM SALES PALMS - MAR VISTA
FEBRUARY MARKET OVERVIEWIn Palms - Mar Vista there were 19 single family home sales in January 2016, which is the same as January 2015 and a
41% decrease from the 32 sales closed last month. The average list price for single family home sales in January 2016
was $1,354,526 compared to $1,127,632 for January 2015, representing a 20% increase. For the three-month period from
November to January 2016, the average list price was 10% higher than the same period of the prior year. Average sales
price for January 2016 was $1,384,000, compared to that of November through January 2016, which was $1,341,650.
These results indicate that the sale price is trending up. Comparing January 2016 to December 2015, Palms - Mar Vista
saw a 4% increase in average sale price, and a 24% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $595,610 $595,610 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $477.11 $477.11 $- $-
AVERAGE SOLD PRICE $599,369 $599,369 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $480.12 $480.12 $- $-
TOTAL CONDOS SOLD 21 21 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 7 7 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.0 1.0 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 101% 0% 0%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $521,200 $521,200 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $449.86 $449.86 $- $-
AVERAGE SOLD PRICE $521,500 $521,500 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $450.12 $450.12 $- $-
TOTAL CONDOS SOLD 24 24 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 17 16 1 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.1 2.0 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 0% 0%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 14% 14% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 6% 6% 0% 0%
AVERAGE SOLD PRICE 15% 15% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 7% 7% 0% 0%
TOTAL CONDOS SOLD -13% -13% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -59% -56% -100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -53% -50% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 1% 0% 0%
(Source: MLS/CLAW)
48
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Playa Del Rey is a bedroom community along the beach, south and adjacent
to the Marina Del Rey harbor channel. Its early history dates back to a land
grant in 1839 from the Mexican governor. Today Playa Del Rey real estate
includes a mix of 1920’s homes, beach cottages from the 1940’s and
multi-million dollar elegant new houses. Only 10 minutes from Los Angeles
International Airport, Playa Del Rey also is home to Dockweiler Beach Park, a
popular short term camping area for recreational vehicles.CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
PLAYA DEL REY
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,491,625 $- $1,491,625 $-
AVERAGE LIST PRICE PER SQUARE FOOT $554.35 $- $554.35 $-
AVERAGE SOLD PRICE $1,467,780 $- $1,467,780 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $545.49 $- $545.49 $-
TOTAL SFH SOLD 8 - 8 -
TOTAL SFH FOR SALE AT END OF PERIOD 7 - 6 1
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.6 - 2.3 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 0% 98% 0%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,449,917 $884,000 $1,563,100 $-
AVERAGE LIST PRICE PER SQUARE FOOT $544.02 $721.34 $527.70 $-
AVERAGE SOLD PRICE $1,421,333 $897,500 $1,526,100 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $532.87 $732.35 $514.51 $-
TOTAL SFH SOLD 12 2 10 -
TOTAL SFH FOR SALE AT END OF PERIOD 8 1 5 2
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.0 1.5 1.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 102% 98% 0%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 3% -100% -5% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 2% -100% 5% 0%
AVERAGE SOLD PRICE 3% -100% -4% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 2% -100% 6% 0%
TOTAL SFH SOLD -33% -100% -20% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -13% -100% 20% -50%
AVERAGE MONTHLY SUPPLY OF INVENTORY 31% -100% 50% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% -100% 1% 0%
(Source: MLS/CLAW)
49
CONDOMINIUM SALES PLAYA DEL REY
FEBRUARY MARKET OVERVIEWIn Playa Del Rey there were 6 condominium sales in January 2016, up from 5 in January 2015 and a 14% decrease from the
7 sales closed last month. The average list price for condo sales in January 2016 was $510,000 compared to $618,200 for
January 2015, representing an 18% decrease. For the three-month period from November to January 2016, the average
list price was 15% higher than the same period of the prior year. Average sales price for January 2016 was $504,000,
compared to that of November through January 2016, which was $575,604. These results indicate that the sale price is
trending down. Comparing January 2016 to December 2015, Playa Del Rey saw a 11% decrease in average sale price, and
a 18% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $579,131 $527,373 $1,459,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $551.99 $529.27 $749.74 $-
AVERAGE SOLD PRICE $579,278 $528,059 $1,450,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $552.13 $529.96 $745.12 $-
TOTAL CONDOS SOLD 18 17 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 11 8 3 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.8 1.4 9.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 99% 0%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $483,194 $441,581 $1,149,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $454.48 $426.80 $755.92 $-
AVERAGE SOLD PRICE $478,324 $436,406 $1,149,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $449.90 $421.80 $755.92 $-
TOTAL CONDOS SOLD 17 16 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 16 16 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.8 3.0 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 100% 0%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 20% 19% 27% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 21% 24% -1% 0%
AVERAGE SOLD PRICE 21% 21% 26% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 23% 26% -1% 0%
TOTAL CONDOS SOLD 6% 6% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -31% -50% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -35% -53% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 1% -1% 0%
(Source: MLS/CLAW)
50
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Playa Vista, bordered by Marina Del Rey, Loyola Marymount University and
Westchester, was recognized in1998 as one of the most technologically
advanced communities ever planned and has led the nation as an early model for
sustainable development. With a range of properties from luxury to affordable,
Playa Vista features an array of parks, recreational amenities and a wildlife
preserve. Playa Vista is a fully connected community with complete broadband
and telecommunications capabilities and is home to gaming giants Electronic
Arts and the architectural firm of Frank Gehry. The area features a mix of luxury
and affordable housing. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
PLAYA VISTA
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,242,000 $- $2,242,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $743.99 $- $743.99 $-
AVERAGE SOLD PRICE $2,257,500 $- $2,257,500 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $749.13 $- $749.13 $-
TOTAL SFH SOLD 2 - 2 -
TOTAL SFH FOR SALE AT END OF PERIOD 4 - 4 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 6.0 - 6.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 0% 101% 0%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,921,800 $- $1,921,800 $-
AVERAGE LIST PRICE PER SQUARE FOOT $559.67 $- $559.67 $-
AVERAGE SOLD PRICE $1,883,200 $- $1,883,200 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $548.43 $- $548.43 $-
TOTAL SFH SOLD 5 - 5 -
TOTAL SFH FOR SALE AT END OF PERIOD 3 - 3 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.8 - 1.8 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 0% 98% 0%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 17% 0% 17% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 33% 0% 33% 0%
AVERAGE SOLD PRICE 20% 0% 20% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 37% 0% 37% 0%
TOTAL SFH SOLD -60% 0% -60% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 33% 0% 33% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 233% 0% 233% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 3% 0% 3% 0%
(Source: MLS/CLAW)
51
CONDOMINIUM SALES PLAYA VISTA
FEBRUARY MARKET OVERVIEWIn Playa Vista there were 4 condominium sales in January 2016, down from 15 in January 2015 and a 33% increase from
the 3 sales closed last month. The average list price for condo sales in January 2016 was $1,508,500 compared to
$880,400 for January 2015, representing a 71% increase. For the three-month period from November to January 2016,
the average list price was 29% higher than the same period of the prior year. Average sales price for January 2016 was
$1,521,000, compared to that of November through January 2016, which was $1,113,357. These results indicate that the
sale price is trending up. Comparing January 2016 to December 2015, Playa Vista saw a 36% increase in average sale
price, and a 76% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,113,523 $800,836 $1,634,667 $-
AVERAGE LIST PRICE PER SQUARE FOOT $698.41 $569.22 $857.27 $-
AVERAGE SOLD PRICE $1,120,491 $817,386 $1,625,667 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $702.78 $580.98 $852.55 $-
TOTAL CONDOS SOLD 16 10 6 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 4 2 2 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 0.8 0.6 1.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 102% 99% 0%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $858,750 $711,125 $1,567,353 $-
AVERAGE LIST PRICE PER SQUARE FOOT $494.59 $475.93 $540.76 $-
AVERAGE SOLD PRICE $844,973 $699,460 $1,543,434 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $486.66 $468.13 $532.51 $-
TOTAL CONDOS SOLD 29 24 5 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 6 6 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 0.6 0.8 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 98% 0%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 30% 13% 4% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 41% 20% 59% 0%
AVERAGE SOLD PRICE 33% 17% 5% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 44% 24% 60% 0%
TOTAL CONDOS SOLD -45% -58% 20% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -33% -67% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 21% -20% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 2% 4% 1% 0%
(Source: MLS/CLAW)
52
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Santa Monica offers more than simply a home. There are fishing and yacht
clubs and exquisite fine dining right in your own backyard. Santa Monica is
located on the Westside of Los Angeles and is comprised of 8.3 square miles
of vibrant commercial districts, neighboring residential communities and a
terrific public school system. Centered on three miles of wide, white, sandy
beaches, Santa Monica has become a popular international destination, with
many attractions such as The Santa Monica pier, Third Street Promenade,
Main Street, and the ultra chic Montana Avenue.
CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SANTA MONICA
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $3,412,011 $- $2,014,600 $4,809,421
AVERAGE LIST PRICE PER SQUARE FOOT $1,114.52 $- $945.73 $1,204.57
AVERAGE SOLD PRICE $3,333,887 $- $1,963,142 $4,704,632
AVERAGE SOLD PRICE PER SQUARE FOOT $1,089.00 $- $921.57 $1,178.33
TOTAL SFH SOLD 38 - 19 19
TOTAL SFH FOR SALE AT END OF PERIOD 56 - 22 34
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.4 - 3.5 5.4
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 0% 97% 98%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,761,568 $- $2,056,400 $4,272,643
AVERAGE LIST PRICE PER SQUARE FOOT $1,059.59 $- $986.61 $1,153.13
AVERAGE SOLD PRICE $2,734,905 $- $2,053,900 $4,194,200
AVERAGE SOLD PRICE PER SQUARE FOOT $1,048.92 $- $984.09 $1,132.02
TOTAL SFH SOLD 44 - 30 14
TOTAL SFH FOR SALE AT END OF PERIOD 38 - 17 21
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.6 - 1.7 4.5
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 0% 100% 98%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 24% 0% -2% 13%
AVERAGE LIST PRICE PER SQUARE FOOT 5% 0% -4% 4%
AVERAGE SOLD PRICE 22% 0% -4% 12%
AVERAGE SOLD PRICE PER SQUARE FOOT 4% 0% -6% 4%
TOTAL SFH SOLD -14% 0% -37% 36%
TOTAL SFH FOR SALE AT END OF PERIOD 47% 0% 29% 62%
AVERAGE MONTHLY SUPPLY OF INVENTORY 71% 0% 104% 19%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% 0% -2% 0%
(Source: MLS/CLAW)
53
CONDOMINIUM SALES SANTA MONICA
FEBRUARY MARKET OVERVIEWIn Santa Monica there were 33 condominium sales in January 2016, down from 34 in January 2015 and a 3% decrease
from the 34 sales closed last month. The average list price for condo sales in January 2016 was $1,105,061 almost
matching $1,052,853 for January 2015. For the three-month period from November to January 2016, the average
list price was 8% lower than the same period of the prior year. Average sales price for January 2016 was $1,063,588,
compared to that of November through January 2016, which was $1,188,628. These results indicate that the sale price is
trending down. Comparing January 2016 to December 2015, Santa Monica saw a 3% increase in average sale price, and a
2% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,088,788 $724,542 $1,592,282 $3,500,000
AVERAGE LIST PRICE PER SQUARE FOOT $827.96 $679.59 $953.56 $1,803.19
AVERAGE SOLD PRICE $1,069,327 $719,371 $1,549,812 $3,500,000
AVERAGE SOLD PRICE PER SQUARE FOOT $813.86 $674.74 $928.95 $1,803.19
TOTAL CONDOS SOLD 91 55 35 1
TOTAL CONDOS FOR SALE AT END OF PERIOD 61 22 31 8
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.0 1.2 2.7 24.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 99% 97% 100%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,262,913 $687,710 $1,646,110 $4,678,000
AVERAGE LIST PRICE PER SQUARE FOOT $931.36 $624.16 $1,050.13 $1,857.23
AVERAGE SOLD PRICE $1,249,065 $695,672 $1,630,498 $4,430,000
AVERAGE SOLD PRICE PER SQUARE FOOT $921.15 $631.38 $1,040.17 $1,758.77
TOTAL CONDOS SOLD 103 57 41 5
TOTAL CONDOS FOR SALE AT END OF PERIOD 62 20 35 7
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.8 1.1 2.6 4.2
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 101% 99% 95%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -14% 5% -3% -25%
AVERAGE LIST PRICE PER SQUARE FOOT -11% 9% -9% -3%
AVERAGE SOLD PRICE -14% 3% -5% -21%
AVERAGE SOLD PRICE PER SQUARE FOOT -12% 7% -11% 3%
TOTAL CONDOS SOLD -12% -4% -15% -80%
TOTAL CONDOS FOR SALE AT END OF PERIOD -2% 10% -11% 14%
AVERAGE MONTHLY SUPPLY OF INVENTORY 11% 14% 4% 471%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% -2% -2% 6%
(Source: MLS/CLAW)
54
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
The hilly neighborhood of Silverlake can be found east of Hollywood and northwest
of Downtown Los Angeles. Silverlake is the home of its namesake reservoir and its
reputable music scene. The community is both socioeconomically and ethnically
diverse bringing it tremendous character. Echo Park is one of Los Angeles’ most
long-established neighborhoods, finding its origin in the late 1880’s. Its rolling
hills and steep bluffs enrich this prime location featuring Craftsman-style homes,
Spanish-style bungalows, and modern architecture. This Eastside enclave is the
home to the annual Lotus Festival, the Cuban Festival, and historic Filipinotown as
well as many famous residents. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SILVERLAKE - ECHO PARK
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $963,984 $730,212 $1,289,848 $-
AVERAGE LIST PRICE PER SQUARE FOOT $561.36 $550.87 $569.81 $-
AVERAGE SOLD PRICE $988,971 $745,559 $1,328,273 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $576.84 $563.00 $587.99 $-
TOTAL SFH SOLD 79 46 33 -
TOTAL SFH FOR SALE AT END OF PERIOD 44 28 16 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.7 1.8 1.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 103% 102% 103% 0%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $796,389 $679,782 $1,280,754 $-
AVERAGE LIST PRICE PER SQUARE FOOT $550.37 $535.21 $587.00 $-
AVERAGE SOLD PRICE $826,047 $696,898 $1,362,510 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $570.86 $548.69 $624.48 $-
TOTAL SFH SOLD 67 54 13 -
TOTAL SFH FOR SALE AT END OF PERIOD 51 42 9 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.3 2.3 2.1 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 104% 103% 106% 0%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 21% 7% 1% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 2% 3% -3% 0%
AVERAGE SOLD PRICE 20% 7% -3% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 1% 3% -6% 0%
TOTAL SFH SOLD 18% -15% 154% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -14% -33% 78% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -27% -22% -30% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% 0% -3% 0%
(Source: MLS/CLAW)
55
CONDOMINIUM SALES SILVERLAKE - ECHO PARK
FEBRUARY MARKET OVERVIEWIn Silver Lake - Echo Park there were 20 single family home sales in January 2016, down from 21 in January 2015 and a
35% decrease from the 31 sales closed last month. The average list price for single family home sales in January 2016
was $1,044,648 compared to $796,574 for January 2015, representing a 31% increase. For the three-month period from
November to January 2016, the average list price was 16% higher than the same period of the prior year. Average sales
price for January 2016 was $1,057,018, compared to that of November through January 2016, which was $979,258. These
results indicate that the sale price is trending up. Comparing January 2016 to December 2015, Silver Lake - Echo Park saw
a 11% increase in average sale price, and a 25% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $692,467 $692,467 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $479.82 $479.82 $- $-
AVERAGE SOLD PRICE $698,967 $698,967 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $484.33 $484.33 $- $-
TOTAL CONDOS SOLD 6 6 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 14 13 1 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 7.0 6.5 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 101% 0% 0%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $553,500 $553,500 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $432.00 $432.00 $- $-
AVERAGE SOLD PRICE $545,750 $545,750 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $425.95 $425.95 $- $-
TOTAL CONDOS SOLD 4 4 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 5 5 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.8 3.8 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 0% 0%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 25% 25% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 11% 11% 0% 0%
AVERAGE SOLD PRICE 28% 28% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 14% 14% 0% 0%
TOTAL CONDOS SOLD 50% 50% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 180% 160% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 87% 73% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 2% 2% 0% 0%
(Source: MLS/CLAW)
56
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
The Sunset Strip is the world famous stretch of Sunset Boulevard in West
Hollwood that stretches from Hollywood to Beverly Hills. The Strip, which
includes Sunset Plaza, is known for its famous collection of shops and
boutiques, cafes and restaurants, rock joints, and night clubs. It is easily
idenifiable with its colorful collection of billboards and is located at the base of
the Hollywood Hills and is just below the famed “Bird Streets” – from Blue Jay,
Tanager and Thrush Ways to Nightingale, and Kinglet Drives - a favorite area of
A-List celebrities from Hollywood stars to the most well known international
music acts to call home. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SUNSET STRIP-HOLLYWOOD HILLS
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,796,162 $824,024 $1,892,845 $6,675,545
AVERAGE LIST PRICE PER SQUARE FOOT $1,038.73 $718.69 $747.68 $1,497.60
AVERAGE SOLD PRICE $2,677,240 $792,316 $1,826,162 $6,355,455
AVERAGE SOLD PRICE PER SQUARE FOOT $993.81 $688.98 $721.58 $1,424.23
TOTAL SFH SOLD 94 19 53 22
TOTAL SFH FOR SALE AT END OF PERIOD 176 9 86 81
AVERAGE MONTHLY SUPPLY OF INVENTORY 5.6 1.4 4.9 11.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 96% 96% 96% 95%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,709,873 $801,663 $1,754,808 $6,925,917
AVERAGE LIST PRICE PER SQUARE FOOT $1,004.63 $670.57 $666.00 $1,541.76
AVERAGE SOLD PRICE $2,583,662 $790,060 $1,728,525 $6,454,263
AVERAGE SOLD PRICE PER SQUARE FOOT $957.46 $661.31 $656.02 $1,435.24
TOTAL SFH SOLD 103 27 52 24
TOTAL SFH FOR SALE AT END OF PERIOD 184 12 90 82
AVERAGE MONTHLY SUPPLY OF INVENTORY 5.4 1.3 5.2 10.3
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 95% 99% 99% 93%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 3% 3% 8% -4%
AVERAGE LIST PRICE PER SQUARE FOOT 3% 7% 12% -3%
AVERAGE SOLD PRICE 4% 0% 6% -2%
AVERAGE SOLD PRICE PER SQUARE FOOT 4% 4% 10% -1%
TOTAL SFH SOLD -9% -30% 2% -8%
TOTAL SFH FOR SALE AT END OF PERIOD -4% -25% -4% -1%
AVERAGE MONTHLY SUPPLY OF INVENTORY 5% 7% -6% 8%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% -2% -2% 2%
(Source: MLS/CLAW)
57
CONDOMINIUM SALES SUNSET STRIP - HOLLYWOOD HILLS
FEBRUARY MARKET OVERVIEWIn Sunset Strip - Hollywood Hills West there were 26 single family home sales in January 2016, down from 35 in January
2015 and a 37% decrease from the 41 sales closed last month. The average list price for single family home sales in
January 2016 was $3,910,686 compared to $3,440,714 for January 2015, representing a 14% increase. For the three-
month period from November to January 2016, the average list price was 7% lower than the same period of the prior year.
Average sales price for January 2016 was $3,772,906, compared to that of November through January 2016, which was
$2,537,884. These results indicate that the sale price is trending up. Comparing January 2016 to December 2015, Sunset
Strip - Hollywood Hills West saw a 73% increase in average sale price, and a 17% increase compared to same month of the
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $739,805 $576,795 $- $4,000,000
AVERAGE LIST PRICE PER SQUARE FOOT $641.37 $511.55 $- $2,392.34
AVERAGE SOLD PRICE $700,381 $560,400 $- $3,500,000
AVERAGE SOLD PRICE PER SQUARE FOOT $607.19 $497.01 $- $2,093.30
TOTAL CONDOS SOLD 21 20 - 1
TOTAL CONDOS FOR SALE AT END OF PERIOD 26 22 3 1
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.7 3.3 - 3.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 95% 97% 0% 88%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,617,938 $585,909 $1,000,000 $4,610,500
AVERAGE LIST PRICE PER SQUARE FOOT $1,050.18 $457.32 $633.31 $2,054.13
AVERAGE SOLD PRICE $1,573,257 $572,465 $1,000,000 $4,468,750
AVERAGE SOLD PRICE PER SQUARE FOOT $1,021.18 $446.83 $633.31 $1,990.98
TOTAL CONDOS SOLD 16 11 1 4
TOTAL CONDOS FOR SALE AT END OF PERIOD 21 19 2 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.9 5.2 6.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 98% 100% 97%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -54% -2% -100% -13%
AVERAGE LIST PRICE PER SQUARE FOOT -39% 12% -100% 16%
AVERAGE SOLD PRICE -55% -2% -100% -22%
AVERAGE SOLD PRICE PER SQUARE FOOT -41% 11% -100% 5%
TOTAL CONDOS SOLD 31% 82% -100% -75%
TOTAL CONDOS FOR SALE AT END OF PERIOD 24% 16% 50% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -6% -36% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -3% -1% -100% -10%
(Source: MLS/CLAW)
58
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Located in the Santa Monica Mountains, Topanga, also referred to as
Topanga Canyon, is bound on three sides by state park or conservancy lands
and on the south by a strip of Malibu and the Pacific Ocean. Located to the
east is Pacific Palisades. Topanga Canyon contains lands of Topanga State
Park, which is the largest park in the Santa Monica Mountains and one of
the largest open space preserves surrounded by a city in the world, as well
as the Santa Monica Mountains Conservancy. It is part of the Santa Monica
Mountains National Recreation Area.CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
TOPANGA
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,075,476 $705,583 $1,352,875 $3,295,000
AVERAGE LIST PRICE PER SQUARE FOOT $530.54 $507.71 $544.77 $546.80
AVERAGE SOLD PRICE $1,039,511 $683,661 $1,315,726 $3,100,000
AVERAGE SOLD PRICE PER SQUARE FOOT $512.80 $491.93 $529.81 $514.44
TOTAL SFH SOLD 21 12 8 1
TOTAL SFH FOR SALE AT END OF PERIOD 39 16 18 5
AVERAGE MONTHLY SUPPLY OF INVENTORY 5.6 4.0 6.8 15.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 97% 97% 94%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,289,593 $754,488 $1,901,143 $-
AVERAGE LIST PRICE PER SQUARE FOOT $530.80 $475.42 $560.41 $-
AVERAGE SOLD PRICE $1,249,587 $738,600 $1,833,571 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $514.33 $465.41 $540.49 $-
TOTAL SFH SOLD 15 8 7 -
TOTAL SFH FOR SALE AT END OF PERIOD 35 14 15 6
AVERAGE MONTHLY SUPPLY OF INVENTORY 7.0 5.3 6.4 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 98% 96% 0%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -17% -6% -29% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 0% 7% -3% 0%
AVERAGE SOLD PRICE -17% -7% -28% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 0% 6% -2% 0%
TOTAL SFH SOLD 40% 50% 14% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 11% 14% 20% -17%
AVERAGE MONTHLY SUPPLY OF INVENTORY -20% -24% 5% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% -1% 1% 0%
(Source: MLS/CLAW)
59
CONDOMINIUM SALES TOPANGA
FEBRUARY MARKET OVERVIEWIn Topanga there were 5 single family home sales in January 2016, up from 4 in January 2015 and a 29% decrease
from the 7 sales closed last month. The average list price for single family home sales in January 2016 was $1,208,600
compared to $1,016,975 for January 2015, representing a 19% increase. For the three-month period from November to
January 2016, the average list price was 20% lower than the same period of the prior year. Average sales price for January
2016 was $1,174,762, compared to that of November through January 2016, which was $1,044,195. These results indicate
that the sale price is trending up. Comparing January 2016 to December 2015, Topanga saw a 28% increase in average
sale price, and a 20% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $429,000 $429,000 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $233.66 $233.66 $- $-
AVERAGE SOLD PRICE $439,000 $439,000 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $239.11 $239.11 $- $-
TOTAL CONDOS SOLD 1 1 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 102% 0% 0%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $- $- $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $- $- $- $-
AVERAGE SOLD PRICE $- $- $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $- $- $- $-
TOTAL CONDOS SOLD - - - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 0% 0% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 0% 0% 0% 0%
AVERAGE SOLD PRICE 0% 0% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 0% 0% 0% 0%
TOTAL CONDOS SOLD 0% 0% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 0% 0% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 0% 0% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
(Source: MLS/CLAW)
60
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Venice is a beachfront district on the Westside of Los Angeles, California,
known for its bungalows, cottages, condos and oceanfront properties. A
short walk from some of the finest and trendiest beachside restaurants and
bars in Los Angeles, Venice offers surfing, kayaking, boating, biking, boogie
boarding and outdoor summer concerts. The famous Venice Beach Strip and
Muscle Beach are a short walk away. With its variety of bungalows, cottages,
condos and oceanfront listings, Venice is an ideal retreat for family, friends
or couples, for work or play, and is one of Los Angeles’s most sought-after
neighborhoods. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
VENICE
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,918,063 $922,500 $1,796,023 $3,666,750
AVERAGE LIST PRICE PER SQUARE FOOT $1,095.38 $854.96 $1,104.65 $1,088.94
AVERAGE SOLD PRICE $1,896,223 $910,000 $1,768,695 $3,696,500
AVERAGE SOLD PRICE PER SQUARE FOOT $1,082.36 $843.37 $1,087.08 $1,097.78
TOTAL SFH SOLD 47 2 41 4
TOTAL SFH FOR SALE AT END OF PERIOD 52 - 39 13
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.3 - 2.9 9.8
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 98% 101%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,810,741 $988,333 $1,701,732 $4,897,500
AVERAGE LIST PRICE PER SQUARE FOOT $975.85 $1,011.60 $939.71 $1,214.96
AVERAGE SOLD PRICE $1,787,280 $931,667 $1,697,300 $4,600,353
AVERAGE SOLD PRICE PER SQUARE FOOT $964.10 $953.60 $939.25 $1,141.24
TOTAL SFH SOLD 39 3 34 2
TOTAL SFH FOR SALE AT END OF PERIOD 40 - 30 10
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.1 - 2.6 15.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 94% 100% 94%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 6% -7% 6% -25%
AVERAGE LIST PRICE PER SQUARE FOOT 12% -15% 18% -10%
AVERAGE SOLD PRICE 6% -2% 4% -20%
AVERAGE SOLD PRICE PER SQUARE FOOT 12% -12% 16% -4%
TOTAL SFH SOLD 21% -33% 21% 100%
TOTAL SFH FOR SALE AT END OF PERIOD 30% 0% 30% 30%
AVERAGE MONTHLY SUPPLY OF INVENTORY 8% 0% 8% -35%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 5% -1% 7%
(Source: MLS/CLAW)
61
CONDOMINIUM SALES VENICE
FEBRUARY MARKET OVERVIEWIn Venice there were 13 single family home sales in January 2016, up from 11 in January 2015 and a 32% decrease from the
19 sales closed last month. The average list price for single family home sales in January 2016 was $2,125,846 compared
to $1,579,455 for January 2015, representing a 35% increase. For the three-month period from November to January
2016, the average list price was 7% higher than the same period of the prior year. Average sales price for January 2016
was $2,076,068, compared to that of November through January 2016, which was $1,969,738. These results indicate
that the sale price is trending up. Comparing January 2016 to December 2015, Venice saw a 15% increase in average sale
price, and a 36% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,768,400 $- $1,768,400 $-
AVERAGE LIST PRICE PER SQUARE FOOT $976.15 $- $976.15 $-
AVERAGE SOLD PRICE $1,741,000 $- $1,741,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $961.03 $- $961.03 $-
TOTAL CONDOS SOLD 5 - 5 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 13 1 11 1
AVERAGE MONTHLY SUPPLY OF INVENTORY 7.8 - 6.6 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 0% 98% 0%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,281,896 $666,875 $1,404,900 $-
AVERAGE LIST PRICE PER SQUARE FOOT $739.11 $550.23 $769.40 $-
AVERAGE SOLD PRICE $1,248,708 $664,250 $1,365,600 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $729.17 $548.06 $758.22 $-
TOTAL CONDOS SOLD 12 2 10 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 14 2 12 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.5 3.0 3.6 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 100% 97% 0%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 38% -100% 26% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 32% -100% 27% 0%
AVERAGE SOLD PRICE 39% -100% 27% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 32% -100% 27% 0%
TOTAL CONDOS SOLD -58% -100% -50% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -7% -50% -8% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 123% -100% 83% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% -100% 1% 0%
(Source: MLS/CLAW)
62
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
West Hollywood is a thriving, diverse community on the leading edge of
culture, entertainment, and design - and is home to the internationally
reknown Pacific Design Center. Minutes away is the Hollywood Bowl, The
Greek Theatre, and The Getty Center. The uniquely compact city boasts the
Sunset Strip, Santa Monica Boulevard, Robertson, and Melrose; truly Los
Angeles’ Mecca for fashion, fine dining, unparalleled nightlife, and the world-
renowned entertainment industry. Incorporated in 1984, West Hollywood
has been instrumental since its start in achieving cultural, environmental,
and political breakthroughs. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
WEST HOLLYWOOD
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,670,878 $791,700 $1,829,096 $3,395,000
AVERAGE LIST PRICE PER SQUARE FOOT $1,038.92 $837.56 $1,102.61 $705.53
AVERAGE SOLD PRICE $1,651,941 $783,480 $1,806,804 $3,395,000
AVERAGE SOLD PRICE PER SQUARE FOOT $1,025.08 $829.95 $1,086.40 $705.53
TOTAL SFH SOLD 36 7 28 1
TOTAL SFH FOR SALE AT END OF PERIOD 24 2 18 4
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.0 0.9 1.9 12.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 99% 100%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,725,461 $782,483 $1,888,994 $3,295,000
AVERAGE LIST PRICE PER SQUARE FOOT $837.15 $744.51 $849.01 $-
AVERAGE SOLD PRICE $1,692,668 $788,167 $1,849,455 $3,200,000
AVERAGE SOLD PRICE PER SQUARE FOOT $822.68 $749.92 $831.99 $-
TOTAL SFH SOLD 32 6 25 1
TOTAL SFH FOR SALE AT END OF PERIOD 25 2 21 2
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.3 1.0 2.5 6.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 101% 98% 97%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -3% 1% -3% 3%
AVERAGE LIST PRICE PER SQUARE FOOT 24% 12% 30% 0%
AVERAGE SOLD PRICE -2% -1% -2% 6%
AVERAGE SOLD PRICE PER SQUARE FOOT 25% 11% 31% 0%
TOTAL SFH SOLD 13% 17% 12% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -4% 0% -14% 100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -15% -14% -23% 100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% -2% 1% 3%
(Source: MLS/CLAW)
63
CONDOMINIUM SALES WEST HOLLYWOOD
FEBRUARY MARKET OVERVIEWIn West Hollywood Vicinity there were 25 condominium sales in January 2016, up from 19 in January 2015 and a 4%
increase from the 24 sales closed last month. The average list price for condo sales in January 2016 was $733,284
compared to $658,811 for January 2015, representing an 11% increase. For the three-month period from November
to January 2016, the average list price was 25% higher than the same period of the prior year. Average sales price for
January 2016 was $713,620, compared to that of November through January 2016, which was $821,216. These results
indicate that the sale price is trending down. Comparing January 2016 to December 2015, West Hollywood Vicinity saw a
18% decrease in average sale price, but a 11% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $839,762 $655,555 $1,323,377 $4,500,000
AVERAGE LIST PRICE PER SQUARE FOOT $693.07 $605.57 $793.17 $2,003.56
AVERAGE SOLD PRICE $810,735 $646,137 $1,287,581 $3,500,000
AVERAGE SOLD PRICE PER SQUARE FOOT $669.11 $596.87 $771.72 $1,558.33
TOTAL CONDOS SOLD 68 54 13 1
TOTAL CONDOS FOR SALE AT END OF PERIOD 71 51 20 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.1 2.8 4.6 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 99% 97% 78%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $708,123 $644,973 $1,284,375 $-
AVERAGE LIST PRICE PER SQUARE FOOT $573.82 $550.74 $710.19 $-
AVERAGE SOLD PRICE $691,960 $631,764 $1,241,250 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $560.72 $539.46 $686.34 $-
TOTAL CONDOS SOLD 81 73 8 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 74 59 13 2
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.7 2.4 4.9 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 97% 0%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 19% 2% 3% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 21% 10% 12% 0%
AVERAGE SOLD PRICE 17% 2% 4% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 19% 11% 12% 0%
TOTAL CONDOS SOLD -16% -26% 63% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -4% -14% 54% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 14% 17% -5% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% 1% 1% 0%
(Source: MLS/CLAW)
64
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Surrounded by Santa Monica, Beverly Hills, the ocean and the Santa Monica
Mountains is the city of West Los Angeles, known for its 1920s, mid-century
and contemporary architecture. With its rolling hills and proximity to the ocean,
West Los Angeles was originally developed as an upscale community and is
still considered one of the most desirable areas to live in Los Angeles today.
With its central location between Los Angeles and the ocean, West Los Angeles
has attracted a diverse range of commercial development to add to its 1920s
through mid-century and contemporary architecture. The area is home to some
of the world’s finest shopping. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
WEST LOS ANGELES
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,034,057 $733,167 $1,193,352 $-
AVERAGE LIST PRICE PER SQUARE FOOT $663.82 $704.44 $651.60 $-
AVERAGE SOLD PRICE $1,056,939 $756,956 $1,215,753 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $678.51 $727.30 $663.83 $-
TOTAL SFH SOLD 26 9 17 -
TOTAL SFH FOR SALE AT END OF PERIOD 21 8 13 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.4 2.7 2.3 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 103% 102% 0%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $900,857 $770,438 $1,318,200 $-
AVERAGE LIST PRICE PER SQUARE FOOT $618.09 $591.11 $675.79 $-
AVERAGE SOLD PRICE $907,286 $788,938 $1,286,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $622.50 $605.30 $659.28 $-
TOTAL SFH SOLD 21 16 5 -
TOTAL SFH FOR SALE AT END OF PERIOD 15 10 5 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.1 1.9 3.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 102% 98% 0%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 15% -5% -9% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 7% 19% -4% 0%
AVERAGE SOLD PRICE 16% -4% -5% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 9% 20% 1% 0%
TOTAL SFH SOLD 24% -44% 240% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 40% -20% 160% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 13% 42% -24% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 1% 4% 0%
(Source: MLS/CLAW)
65
CONDOMINIUM SALES WEST LOS ANGELES
FEBRUARY MARKET OVERVIEWIn West Los Angeles there were 19 condominium sales in January 2016, up from 15 in January 2015 and a 10% decrease
from the 21 sales closed last month. The average list price for condo sales in January 2016 was $651,872 almost matching
$630,200 for January 2015. For the three-month period from November to January 2016, the average list price was
7% higher than the same period of the prior year. Average sales price for January 2016 was $651,316, compared to that
of November through January 2016, which was $680,841. These results indicate that the sale price is trending down.
Comparing January 2016 to December 2015, West Los Angeles saw a 9% decrease in average sale price, but a 4%
increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $715,843 $680,212 $1,134,500 $-
AVERAGE LIST PRICE PER SQUARE FOOT $505.54 $509.01 $482.71 $-
AVERAGE SOLD PRICE $714,137 $683,532 $1,073,750 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $504.44 $511.67 $456.87 $-
TOTAL CONDOS SOLD 51 47 4 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 13 12 1 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 0.8 0.8 0.8 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 95% 0%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $634,092 $634,092 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $487.23 $487.23 $- $-
AVERAGE SOLD PRICE $632,708 $632,708 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $486.16 $486.16 $- $-
TOTAL CONDOS SOLD 53 53 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 23 21 2 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.3 1.2 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 0% 0%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 13% 7% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 4% 4% 0% 0%
AVERAGE SOLD PRICE 13% 8% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 4% 5% 0% 0%
TOTAL CONDOS SOLD -4% -11% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -43% -43% -50% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -41% -36% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 1% 0% 0%
(Source: MLS/CLAW)
66
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Westchester is a neighborhood in the city of Los Angeles known for its
secluded character and recent real estate growth. The main part of
Westchester is flanked by Playa Vista and Culver City on the north, Inglewood
and Lennox on the east, Del Aire and El Segundo on the south and Playa del
Rey on the west. It includes all of the Los Angeles International Airport and is
the home of Loyola Marymount University, the Otis College of Art and Design,
and Westchester Enriched Sciences Magnet Schools.CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
WESTCHESTER
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,110,006 $826,272 $1,335,324 $-
AVERAGE LIST PRICE PER SQUARE FOOT $560.95 $566.37 $558.33 $-
AVERAGE SOLD PRICE $1,108,721 $826,927 $1,332,499 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $560.30 $566.82 $557.15 $-
TOTAL SFH SOLD 61 27 34 -
TOTAL SFH FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 100% 0%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $975,429 $801,000 $1,411,500 $-
AVERAGE LIST PRICE PER SQUARE FOOT $518.37 $517.97 $518.92 $-
AVERAGE SOLD PRICE $979,927 $805,335 $1,416,406 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $520.89 $521.01 $520.73 $-
TOTAL SFH SOLD 56 40 16 -
TOTAL SFH FOR SALE AT END OF PERIOD 16 7 9 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 0.9 0.5 1.7 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 101% 100% 0%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 14% 3% -5% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 8% 9% 8% 0%
AVERAGE SOLD PRICE 13% 3% -6% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 8% 9% 7% 0%
TOTAL SFH SOLD 9% -33% 113% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -100% -100% -100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -100% -100% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% 0% -1% 0%
(Source: MLS/CLAW)
67
CONDOMINIUM SALES WESTCHESTER
FEBRUARY MARKET OVERVIEWIn Westchester there were 15 single family home sales in January 2016, which is the same as January 2015 and a 40%
decrease from the 25 sales closed last month. The average list price for single family home sales in January 2016 was
$1,198,200 almost matching $1,141,200 for January 2015. For the three-month period from November to January 2016,
the average list price was 16% higher than the same period of the prior year. Average sales price for January 2016 was
$1,199,372, compared to that of November through January 2016, which was $1,126,087. These results indicate that the
sale price is trending up. Comparing January 2016 to December 2015, Westchester saw a 8% increase in average sale
price, and a 6% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $559,222 $559,222 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $450.10 $450.10 $- $-
AVERAGE SOLD PRICE $562,111 $562,111 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $452.42 $452.42 $- $-
TOTAL CONDOS SOLD 9 9 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 4 4 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.3 1.3 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 101% 0% 0%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $597,400 $597,400 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $372.49 $372.49 $- $-
AVERAGE SOLD PRICE $595,600 $595,600 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $371.37 $371.37 $- $-
TOTAL CONDOS SOLD 5 5 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 3 3 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.8 1.8 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 0% 0%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -6% -6% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 21% 21% 0% 0%
AVERAGE SOLD PRICE -6% -6% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 22% 22% 0% 0%
TOTAL CONDOS SOLD 80% 80% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 33% 33% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -26% -26% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 1% 0% 0%
(Source: MLS/CLAW)
68
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Westwood is a neighborhood in the northern central portion of the Westside
of Los Angeles, California, known for its condos, townhomes, California
bungalows and single-family homes. Westwood is the home of the University
of California, Los Angeles (UCLA), and is also a center for movie-going on
the Westside and the site of many movie premieres. Century City is a 176-
acre commercial and residential district on the Westside of the city of Los
Angeles. Century City is also an important business center. Many law firms
and executives, particularly those with ties to the film, television and music
industries, have offices there. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
WESTWOOD - CENTURY CITY
SINGLE FAMILY HOMES (SFH)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,174,778 $- $1,763,767 $4,229,833
AVERAGE LIST PRICE PER SQUARE FOOT $841.41 $- $798.94 $946.27
AVERAGE SOLD PRICE $2,118,580 $- $1,735,049 $4,036,233
AVERAGE SOLD PRICE PER SQUARE FOOT $819.66 $- $785.93 $902.96
TOTAL SFH SOLD 36 - 30 6
TOTAL SFH FOR SALE AT END OF PERIOD 38 1 29 8
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.2 - 2.9 4.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 0% 98% 95%
SFHDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,995,093 $- $1,715,100 $5,495,000
AVERAGE LIST PRICE PER SQUARE FOOT $794.07 $- $746.42 $1,057.44
AVERAGE SOLD PRICE $1,994,454 $- $1,725,211 $5,360,000
AVERAGE SOLD PRICE PER SQUARE FOOT $793.82 $- $750.82 $1,031.46
TOTAL SFH SOLD 27 - 25 2
TOTAL SFH FOR SALE AT END OF PERIOD 21 - 14 7
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.3 - 1.7 10.5
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 0% 101% 98%
SFHFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 9% 0% 3% -23%
AVERAGE LIST PRICE PER SQUARE FOOT 6% 0% 7% -11%
AVERAGE SOLD PRICE 6% 0% 1% -25%
AVERAGE SOLD PRICE PER SQUARE FOOT 3% 0% 5% -12%
TOTAL SFH SOLD 33% 0% 20% 200%
TOTAL SFH FOR SALE AT END OF PERIOD 81% 0% 107% 14%
AVERAGE MONTHLY SUPPLY OF INVENTORY 36% 0% 73% -62%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -3% 0% -2% -2%
(Source: MLS/CLAW)
69
CONDOMINIUM SALES WESTWOOD - CENTURY CITY
FEBRUARY MARKET OVERVIEWIn Westwood - Century City there were 35 condominium sales in January 2016, down from 41 in January 2015 and a 17%
decrease from the 42 sales closed last month. The average list price for condo sales in January 2016 was $1,001,467
compared to $1,075,826 for January 2015, representing a 7% decrease. For the three-month period from November to
January 2016, the average list price was 4% higher than the same period of the prior year. Average sales price for January
2016 was $979,711, compared to that of November through January 2016, which was $1,091,772. These results indicate
that the sale price is trending down. Comparing January 2016 to December 2015, Westwood - Century City saw a 26%
decrease in average sale price, and a 4% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)DEC - FEB 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,335,713 $703,154 $1,526,178 $5,684,222
AVERAGE LIST PRICE PER SQUARE FOOT $732.58 $520.21 $672.30 $1,369.29
AVERAGE SOLD PRICE $1,280,425 $691,550 $1,420,796 $5,439,446
AVERAGE SOLD PRICE PER SQUARE FOOT $702.26 $511.63 $625.88 $1,310.32
TOTAL CONDOS SOLD 106 70 27 9
TOTAL CONDOS FOR SALE AT END OF PERIOD 152 67 64 21
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.3 2.9 7.1 7.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 96% 98% 93% 96%
CONDOSDEC - FEB 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,111,721 $697,668 $1,671,331 $5,833,750
AVERAGE LIST PRICE PER SQUARE FOOT $648.05 $480.39 $675.05 $2,160.85
AVERAGE SOLD PRICE $1,054,975 $684,331 $1,579,857 $5,156,250
AVERAGE SOLD PRICE PER SQUARE FOOT $615.23 $471.87 $638.11 $1,909.90
TOTAL CONDOS SOLD 99 74 21 4
TOTAL CONDOS FOR SALE AT END OF PERIOD 156 68 63 25
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.7 2.8 9.0 18.8
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 95% 98% 95% 88%
CONDOSFEB/FEB COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 20% 1% -9% -3%
AVERAGE LIST PRICE PER SQUARE FOOT 13% 8% 0% -37%
AVERAGE SOLD PRICE 21% 1% -10% 5%
AVERAGE SOLD PRICE PER SQUARE FOOT 14% 8% -2% -31%
TOTAL CONDOS SOLD 7% -5% 29% 125%
TOTAL CONDOS FOR SALE AT END OF PERIOD -3% -1% 2% -16%
AVERAGE MONTHLY SUPPLY OF INVENTORY -9% 4% -21% -63%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 0% -2% 8%
(Source: MLS/CLAW)
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