greater los angeles market report | 3-month ending july 2014

Greater Los Angeles Market Update3-Month Ending July 2014

Beverly Hills | Brentwood | Los Feliz | MalibuPacific Palisades | Santa Monica | Sunset Strip sothebyshomes.com/losangeles

Pacific Palisades, CA | web: 0355210

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http://www.sothebyshomes.com/Los-Angeles-Real-Estate/sales/0355210


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TABLE OF CONTENTS

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

MARKET AREA PGS.

Marina Del Rey 36-37

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

Venice 58-59

West Hollywood 60-61

West Los Angeles 62-63

Westwood - Century City 64-65

http://www.sothebyshomes.com/Los-Angeles-Real-Estate

FEATURED LISTINGS IN LOS ANGELES

PACIFIC PALISADES, CAWeb ID: 0343599 | $10,995,000

Extraordinary new construction, Neo-Classical

luxury estate in Malibu Park.

Santa Monica - Venice Brokerage

Lee Johnson | 310.892.2244

LOS ANGELES, CAWeb ID: 0285792 | $4,067,000

Landmark masterpiece restoration, the Bela

Lugosi “Castle La Paloma”.

Los Feliz Brokerage

Konstantine Valissarakos | 323.252.9451

LOS ANGELES, CAWeb ID: 0308084 | $2,699,999

This exquisite, modern marvel features 5

bedrooms and 4½ baths, with no expense spared.

Sunset Strip Brokerage

Lee Wasser | 310.770.0729

sothebyswine.com







4

SINGLE FAMILY HOME SALES

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | 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)MAY - JUL 2014 ALL < $1M $1M - $3M > $3M

AVERAGE LIST PRICE $5,014,154 $844,333 $1,717,450 $9,916,875

AVERAGE LIST PRICE PER SQUARE FOOT $953.45 $609.77 $610.26 $1,191.97

AVERAGE SOLD PRICE $4,611,349 $783,333 $1,720,225 $8,943,006

AVERAGE SOLD PRICE PER SQUARE FOOT $914.72 $565.72 $611.24 $1,127.79

TOTAL SFH SOLD 39 3 20 16

TOTAL SFH FOR SALE AT END OF PERIOD 94 4 36 54

AVERAGE MONTHLY SUPPLY OF INVENTORY 7.2 4.0 5.4 10.1

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 92% 93% 100% 90%

SFHMAY - JUL 2013 ALL < $1M $1M - $3M > $3M









SFHJUL/JUL COMPARISON ALL < $1M $1M - $3M > $3M

AVERAGE LIST PRICE 44% 16% -10% 34%

AVERAGE LIST PRICE PER SQUARE FOOT 8% 40% 0% 1%

AVERAGE SOLD PRICE 36% 8% -9% 26%

AVERAGE SOLD PRICE PER SQUARE FOOT 7% 30% 1% -1%

TOTAL SFH SOLD -13% -40% -23% 14%

TOTAL SFH FOR SALE AT END OF PERIOD 7% -43% 13% 10%

AVERAGE MONTHLY SUPPLY OF INVENTORY 23% -5% 46% -4%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -5% -7% 1% -6%

(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/bel-air-real-estate

http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/bel-air-real-estate

5

CONDOMINIUM SALES BEL AIR - HOLMBY HILLS

In Bel Air - Holmby Hills there were 13 single family home sales in July 2014, down from 17 in July 2013 and a 18% increase

from the 11 sales closed last month. The average list price for single family home sales in July 2014 was $3,345,308

compared to $3,566,762 for July 2013, representing a 6% decrease. For the three-month period from May to July 2014,

the average list price was 44% higher than the same period of the prior year. Average sales price for July 2014 was

$3,164,615, compared to that of May through July 2014, which was $4,611,349. Comparing July 2014 to June 2014, Bel Air

- Holmby Hills saw a 22% decrease in average sale price, and a 9% decrease compared to same month of the prior year.

CONDOMINIUMS (CONDOS)MAY - JUL 2014 ALL < $1M $1M - $3M > $3M

AVERAGE LIST PRICE $385,000 $385,000 $- $-

AVERAGE LIST PRICE PER SQUARE FOOT $392.46 $392.46 $- $-

AVERAGE SOLD PRICE $365,000 $365,000 $- $-

AVERAGE SOLD PRICE PER SQUARE FOOT $372.07 $372.07 $- $-

TOTAL CONDOS SOLD 1 1 - -

TOTAL CONDOS FOR SALE AT END OF PERIOD 5 3 2 -

AVERAGE MONTHLY SUPPLY OF INVENTORY 15.0 9.0 - -


CONDOSMAY - JUL 2013 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 - - - -


AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -


CONDOSJUL/JUL COMPARISON ALL < $1M $1M - $3M > $3M

AVERAGE LIST PRICE 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 67% 50% 100% 0%

AVERAGE MONTHLY SUPPLY OF INVENTORY 0% 0% 0% 0%


(Source: MLS/CLAW)

JULY MARKET OVERVIEW

6



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



AVERAGE LIST PRICE PER SQUARE FOOT $688.36 $585.65 $702.52 $-


AVERAGE SOLD PRICE PER SQUARE FOOT $686.51 $575.85 $701.77 $-






AVERAGE LIST PRICE $1,312,806 $808,412 $1,555,303 $-


AVERAGE SOLD PRICE $1,296,214 $817,708 $1,526,266 $-


TOTAL SFH SOLD 77 25 52 -


AVERAGE MONTHLY SUPPLY OF INVENTORY 1.1 0.7 1.3 -





AVERAGE SOLD PRICE 14% -2% 4% 0%


TOTAL SFH SOLD -30% -64% -15% 0%

TOTAL SFH FOR SALE AT END OF PERIOD 52% 67% 45% 100%


AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% -3% 1% 0%

(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/beverly-center---miracle-mile-real-estate

7

CONDOMINIUM SALES


BEVERLY CENTER - MIRACLE MILE

In Beverly Center - Miracle Mile there were 17 single family home sales in July 2014, down from 21 in July 2013 and a

6% increase from the 16 sales closed last month. The average list price for single family home sales in July 2014 was

$1,609,618 compared to $1,453,281 for July 2013, representing an 11% increase. For the three-month period from May to

July 2014, the average list price was 14% higher than the same period of the prior year. Average sales price for July 2014

was $1,603,150, compared to that of May through July 2014, which was $1,481,215. Comparing July 2014 to June 2014,

Beverly Center - Miracle Mile saw a 11% increase in average sale price, and a 13% increase compared to same month of

the prior year.


AVERAGE LIST PRICE $626,345 $603,117 $1,299,950 $-


AVERAGE SOLD PRICE $611,080 $589,048 $1,250,000 $-


TOTAL CONDOS SOLD 30 29 1 -

















AVERAGE SOLD PRICE PER SQUARE FOOT 0% -2% 0% 0%


TOTAL CONDOS FOR SALE AT END OF PERIOD 10% 16% -50% 0%

AVERAGE MONTHLY SUPPLY OF INVENTORY -31% -24% 0% 0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -2% -2% 0% 0%

(Source: MLS/CLAW)

8



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


AVERAGE LIST PRICE $5,327,814 $- $2,005,429 $8,499,182

AVERAGE LIST PRICE PER SQUARE FOOT $1,297.73 $- $840.62 $1,518.47

AVERAGE SOLD PRICE $5,104,901 $- $2,015,143 $8,054,216

AVERAGE SOLD PRICE PER SQUARE FOOT $1,250.37 $- $844.69 $1,446.28

TOTAL SFH SOLD 43 - 21 22

TOTAL SFH FOR SALE AT END OF PERIOD 68 - 15 53

AVERAGE MONTHLY SUPPLY OF INVENTORY 4.7 - 2.1 7.2




AVERAGE LIST PRICE PER SQUARE FOOT $1,194.99 $- $748.97 $1,321.91


AVERAGE SOLD PRICE PER SQUARE FOOT $1,162.33 $- $755.53 $1,278.09










TOTAL SFH SOLD 0% 0% 31% -19%

TOTAL SFH FOR SALE AT END OF PERIOD -9% 0% 0% -12%

AVERAGE MONTHLY SUPPLY OF INVENTORY -9% 0% -24% 8%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -2% 0% -2% -2%

(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/beverly-hills-real-estate

9

CONDOMINIUM SALES


BEVERLY HILLS

In Beverly Hills there were 12 single family home sales in July 2014, down from 14 in July 2013 and a 8% decrease from the

13 sales closed last month. The average list price for single family home sales in July 2014 was $4,461,250 compared to

$4,900,857 for July 2013, representing a 9% decrease. For the three-month period from May to July 2014, the average list

price was 13% higher than the same period of the prior year. Average sales price for July 2014 was $4,279,500, compared

to that of May through July 2014, which was $5,104,901. Comparing July 2014 to June 2014, Beverly Hills saw a 2%

increase in average sale price, but a 6% decrease compared to same month of the prior year.







TOTAL CONDOS FOR SALE AT END OF PERIOD 44 14 27 3








TOTAL CONDOS SOLD 37 23 11 3





AVERAGE LIST PRICE -40% 0% 9% -100%

AVERAGE LIST PRICE PER SQUARE FOOT -34% 5% 12% -100%

AVERAGE SOLD PRICE -34% 1% 13% -100%

AVERAGE SOLD PRICE PER SQUARE FOOT -28% 6% 16% -100%

TOTAL CONDOS SOLD -5% -13% 36% -100%

TOTAL CONDOS FOR SALE AT END OF PERIOD 38% -7% 80% 50%

AVERAGE MONTHLY SUPPLY OF INVENTORY 45% 7% 32% -100%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 10% 1% 4% -100%

(Source: MLS/CLAW)

10



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



AVERAGE LIST PRICE PER SQUARE FOOT $794.99 $574.69 $692.63 $945.83


AVERAGE SOLD PRICE PER SQUARE FOOT $773.28 $570.46 $681.21 $909.38















AVERAGE LIST PRICE -19% 16% -11% -29%

AVERAGE LIST PRICE PER SQUARE FOOT 0% 51% -6% 4%

AVERAGE SOLD PRICE -18% 21% -9% -29%

AVERAGE SOLD PRICE PER SQUARE FOOT 1% 57% -4% 4%

TOTAL SFH SOLD -15% -57% -4% -14%




(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/beverly-hills-post-office-real-estate

11

CONDOMINIUM SALES


BEVERLY HILLS POST OFFICE

In Beverly Hills Post Office there were 14 single family home sales in July 2014, down from 20 in July 2013 and a 27%

increase from the 11 sales closed last month. The average list price for single family home sales in July 2014 was

$3,096,929 compared to $3,594,550 for July 2013, representing a 14% decrease. For the three-month period from May

to July 2014, the average list price was 19% lower than the same period of the prior year. Average sales price for July 2014


Beverly Hills Post Office saw a 23% increase in average sale price, but a 14% decrease compared to same month of the

prior year.







TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -





















(Source: MLS/CLAW)

12



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











AVERAGE LIST PRICE $943,947 $718,556 $1,606,363 $3,800,000


AVERAGE SOLD PRICE $940,407 $721,862 $1,630,636 $3,182,400



TOTAL SFH FOR SALE AT END OF PERIOD 33 16 17 -




AVERAGE LIST PRICE 11% 4% -8% -100%

AVERAGE LIST PRICE PER SQUARE FOOT 18% 8% 16% -100%

AVERAGE SOLD PRICE 11% 3% -10% -100%


TOTAL SFH SOLD -2% -27% 109% -100%


AVERAGE MONTHLY SUPPLY OF INVENTORY 33% 88% -44% 0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% -1% -2% -100%

(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/beverlywood-real-estate

13

CONDOMINIUM SALES BEVERLYWOOD

JULY MARKET OVERVIEWIn Beverlywood there were 23 single family home sales in July 2014, up from 19 in July 2013 and a 53% increase from

the 15 sales closed last month. The average list price for single family home sales in July 2014 was $1,053,865 almost

matching $1,043,153 for July 2013. For the three-month period from May to July 2014, the average list price was 11%

higher than the same period of the prior year. Average sales price for July 2014 was $1,049,783, compared to that of May

through July 2014, which was $1,043,277. Comparing July 2014 to June 2014, Beverlywood saw a 4% decrease in average

sale price, but was flat compared to same month of the prior year.
















TOTAL CONDOS FOR SALE AT END OF PERIOD 12 12 - -








TOTAL CONDOS SOLD -24% -19% -100% 0%

TOTAL CONDOS FOR SALE AT END OF PERIOD -33% -42% 0% 0%


AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -3% -3% -100% 0%

(Source: MLS/CLAW)

14



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



AVERAGE LIST PRICE PER SQUARE FOOT $1,018.73 $884.70 $743.44 $1,209.45

















AVERAGE LIST PRICE 23% -9% -3% 38%




TOTAL SFH SOLD -11% 0% -12% -9%

TOTAL SFH FOR SALE AT END OF PERIOD 1% 0% -19% 20%


AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -3% -9% 5% -6%

(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/brentwood-real-estate

15

CONDOMINIUM SALES BRENTWOOD

JULY MARKET OVERVIEWIn Brentwood there were 21 single family home sales in July 2014, down from 28 in July 2013 and a 25% decrease from the


$3,646,214 for July 2013, representing a 14% decrease. For the three-month period from May to July 2014, the average list


to that of May through July 2014, which was $3,790,089. Comparing July 2014 to June 2014, Brentwood saw a 7%

decrease in average sale price, and a 12% decrease compared to same month of the prior year.




















AVERAGE LIST PRICE -1% -2% -18% 0%


AVERAGE SOLD PRICE -2% -3% -18% 0%


TOTAL CONDOS SOLD -25% -29% 14% 0%




(Source: MLS/CLAW)

16



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




















AVERAGE LIST PRICE 3% 44% -3% -3%




TOTAL SFH SOLD 4% 0% 0% 50%




(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/cheviot-hills-real-estate

17

CONDOMINIUM SALES CHEVIOT HILLS - RANCHO PARK

JULY MARKET OVERVIEWIn Cheviot Hills - Rancho Park there were 7 single family home sales in July 2014, which is the same as July 2013 and a

36% decrease from the 11 sales closed last month. The average list price for single family home sales in July 2014 was

$1,622,286 compared to $2,303,286 for July 2013, representing a 30% decrease. For the three-month period from May

to July 2014, the average list price was 3% higher than the same period of the prior year. Average sales price for July 2014


Cheviot Hills - Rancho Park saw a 16% decrease in average sale price, and a 27% decrease compared to same month of

the prior year.




























(Source: MLS/CLAW)

18



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
























TOTAL SFH SOLD -23% -33% 50% 0%

TOTAL SFH FOR SALE AT END OF PERIOD -9% -15% 14% 0%



(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/culver-city-real-estate

19

CONDOMINIUM SALES CULVER CITY

JULY MARKET OVERVIEWIn Culver City there were 17 single family home sales in July 2014, down from 26 in July 2013 and a 6% increase from the

16 sales closed last month. The average list price for single family home sales in July 2014 was $878,647 compared to

$782,231 for July 2013, representing a 12% increase. For the three-month period from May to July 2014, the average list

price was 15% higher than the same period of the prior year. Average sales price for July 2014 was $918,806, compared to

that of May through July 2014, which was $901,784. Comparing July 2014 to June 2014, Culver City saw a 3% decrease in

average sale price, but a 16% increase compared to same month of the prior year.




























(Source: MLS/CLAW)

20



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






TOTAL SFH SOLD 29 29 - -










TOTAL SFH FOR SALE AT END OF PERIOD 28 27 - 1










AVERAGE MONTHLY SUPPLY OF INVENTORY 0% -7% 0% 0%


(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/downtown-los-angeles-real-estate

21

CONDOMINIUM SALES DOWNTOWN LOS ANGELES

JULY MARKET OVERVIEWIn Downtown L.A. there were 42 condominium sales in July 2014, up from 33 in July 2013 and a 8% increase from the 39

sales closed last month. The average list price for condo sales in July 2014 was $609,090 compared to $541,721 for July

2013, representing a 12% increase. For the three-month period from May to July 2014, the average list price was 4% lower

than the same period of the prior year. Average sales price for July 2014 was $596,905, compared to that of May through

July 2014, which was $591,979. Comparing July 2014 to June 2014, Downtown L.A. saw a 9% increase in average sale

price, and a 11% increase compared to same month of the prior year.




















AVERAGE LIST PRICE -4% 10% -35% 0%


AVERAGE SOLD PRICE -3% 10% -32% 0%



TOTAL CONDOS FOR SALE AT END OF PERIOD -2% 10% -44% -60%

AVERAGE MONTHLY SUPPLY OF INVENTORY -26% -19% -44% 0%


(Source: MLS/CLAW)

22



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


























AVERAGE MONTHLY SUPPLY OF INVENTORY -3% 8% 0% 0%


(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/eagle-rock-real-estate

23

CONDOMINIUM SALES EAGLE ROCK

JULY MARKET OVERVIEWIn Eagle Rock there were 24 single family home sales in July 2014, up from 21 in July 2013 and a 85% increase from the

13 sales closed last month. The average list price for single family home sales in July 2014 was $695,825 compared to


price was 18% higher than the same period of the prior year. Average sales price for July 2014 was $703,603, compared

to that of May through July 2014, which was $677,381. Comparing July 2014 to June 2014, Eagle Rock was flat in average

sale price, and a 24% increase compared to same month of the prior year.




























(Source: MLS/CLAW)

24



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





















AVERAGE LIST PRICE PER SQUARE FOOT 15% -7% 18% 15%



TOTAL SFH SOLD -13% -23% -9% 0%



AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -2% -4% -1% -2%

(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/hancock-park-real-estate

25

CONDOMINIUM SALES HANCOCK PARK

JULY MARKET OVERVIEWIn Hancock Park - Wilshire there were 30 single family home sales in July 2014, up from 28 in July 2013 and a 36%

increase from the 22 sales closed last month. The average list price for single family home sales in July 2014 was

$1,911,630 compared to $1,461,600 for July 2013, representing a 31% increase. For the three-month period from May to



Hancock Park - Wilshire saw a 5% decrease in average sale price, but a 27% increase compared to same month of the

prior year.




























(Source: MLS/CLAW)

26



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
























TOTAL SFH SOLD -8% -39% 350% 0%



AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% 1% 0% 0%

(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/hollywood-real-estate

27

CONDOMINIUM SALES HOLLYWOOD

JULY MARKET OVERVIEWIn Hollywood there were 16 condominium sales in July 2014, up from 10 in July 2013 and a 11% decrease from the 18 sales

closed last month. The average list price for condo sales in July 2014 was $617,825 compared to $525,800 for July 2013,

representing an 18% increase. For the three-month period from May to July 2014, the average list price was 24% higher


July 2014, which was $704,790. Comparing July 2014 to June 2014, Hollywood saw a 4% decrease in average sale price,

but a 15% increase compared to same month of the prior year.




















AVERAGE LIST PRICE 24% -3% 14% 0%





TOTAL CONDOS FOR SALE AT END OF PERIOD -30% -29% -14% -100%


AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% 0% -3% 0%

(Source: MLS/CLAW)

28



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
























TOTAL SFH SOLD -2% -36% 38% 0%




(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/hollywood-hills-real-estate

29

CONDOMINIUM SALES HOLLYWOOD HILLS EAST

JULY MARKET OVERVIEWIn Hollywood Hills East there were 20 single family home sales in July 2014, up from 8 in July 2013 and a 33% increase

from the 15 sales closed last month. The average list price for single family home sales in July 2014 was $1,224,115

compared to $1,089,000 for July 2013, representing a 12% increase. For the three-month period from May to July

2014, the average list price was 17% higher than the same period of the prior year. Average sales price for July 2014


Hollywood Hills East saw a 7% decrease in average sale price, but a 9% increase compared to same month of the

prior year.




















AVERAGE LIST PRICE -2% -2% 0% 0%


AVERAGE SOLD PRICE -5% -5% 0% 0%






(Source: MLS/CLAW)

30



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.


LOS FELIZ




















AVERAGE LIST PRICE 13% 3% 1% -12%


AVERAGE SOLD PRICE 12% 3% 0% -11%


TOTAL SFH SOLD -16% -42% 4% 33%



AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% 0% -1% 1%

(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/los-feliz-real-estate

31

CONDOMINIUM SALES LOS FELIZ

JULY MARKET OVERVIEWIn Los Feliz there were 24 single family home sales in July 2014, down from 33 in July 2013 and a similar performance from

the 24 sales closed last month. The average list price for single family home sales in July 2014 was $1,345,033 compared

to $1,250,864 for July 2013, representing an 8% increase. For the three-month period from May to July 2014, the average

list price was 13% higher than the same period of the prior year. Average sales price for July 2014 was $1,329,354,

compared to that of May through July 2014, which was $1,392,985. Comparing July 2014 to June 2014, Los Feliz saw a

14% decrease in average sale price, but a 6% increase compared to same month of the prior year.




























(Source: MLS/CLAW)

32



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






















AVERAGE SOLD PRICE 8% -2% 11% -14%


TOTAL SFH SOLD 6% 50% -15% 55%

TOTAL SFH FOR SALE AT END OF PERIOD -1% -40% 11% -6%

AVERAGE MONTHLY SUPPLY OF INVENTORY -7% -60% 30% -39%


(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/malibu-real-estate

33

CONDOMINIUM SALES MALIBU

JULY MARKET OVERVIEWIn Malibu there were 20 single family home sales in July 2014, down from 22 in July 2013 and a 43% increase from the


$2,690,391 for July 2013, representing a 12% increase. For the three-month period from May to July 2014, the average list


to that of May through July 2014, which was $2,800,305. Comparing July 2014 to June 2014, Malibu saw a 16% increase

in average sale price, and a 14% increase compared to same month of the prior year.




























(Source: MLS/CLAW)

34



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



AVERAGE LIST PRICE PER SQUARE FOOT $1,886.10 $- $1,330.69 $2,012.25


AVERAGE SOLD PRICE PER SQUARE FOOT $1,737.69 $- $1,290.82 $1,839.19







AVERAGE LIST PRICE PER SQUARE FOOT $1,984.51 $- $1,254.97 $2,737.12


AVERAGE SOLD PRICE PER SQUARE FOOT $1,868.35 $- $1,174.48 $2,584.16










TOTAL SFH SOLD -18% 0% -50% 20%

TOTAL SFH FOR SALE AT END OF PERIOD 0% 0% 11% -2%



(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/malibu-beach-real-estate

35

CONDOMINIUM SALES MALIBU BEACH

JULY MARKET OVERVIEWIn Malibu Beach there were 2 single family home sales in July 2014, down from 4 in July 2013 and a 67% decrease from the


$4,173,750 for July 2013, representing a 42% increase. For the three-month period from May to July 2014, the average list


to that of May through July 2014, which was $5,886,111. Comparing July 2014 to June 2014, Malibu Beach saw a 13%

decrease in average sale price, but a 23% increase compared to same month of the prior year.



AVERAGE LIST PRICE PER SQUARE FOOT $900.84 $835.32 $1,217.28 $-


AVERAGE SOLD PRICE PER SQUARE FOOT $829.97 $769.65 $1,121.29 $-







AVERAGE LIST PRICE PER SQUARE FOOT $832.78 $787.71 $1,072.60 $-
















(Source: MLS/CLAW)

36



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

















AVERAGE MONTHLY SUPPLY OF INVENTORY 3.6 - 2.3 -








TOTAL SFH FOR SALE AT END OF PERIOD 50% 0% 117% -50%



(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/marina-del-rey-real-estate

37

CONDOMINIUM SALES MARINA DEL REY

JULY MARKET OVERVIEWIn Marina Del Rey there were 38 condominium sales in July 2014, down from 39 in July 2013 and a 19% increase from the

32 sales closed last month. The average list price for condo sales in July 2014 was $875,151 compared to $1,009,849 for

July 2013, representing a 13% decrease. For the three-month period from May to July 2014, the average list price was

1% lower than the same period of the prior year. Average sales price for July 2014 was $854,595, compared to that of

May through July 2014, which was $880,643. Comparing July 2014 to June 2014, Marina Del Rey saw a 11% decrease in

average sale price, and a 14% decrease compared to same month of the prior year.




















AVERAGE LIST PRICE -1% 8% -13% -100%


AVERAGE SOLD PRICE -1% 7% -14% -100%


TOTAL CONDOS SOLD 6% 3% 25% -100%

TOTAL CONDOS FOR SALE AT END OF PERIOD -2% 9% -11% -50%

AVERAGE MONTHLY SUPPLY OF INVENTORY -8% 6% -29% -100%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% 0% -1% -100%

(Source: MLS/CLAW)

38



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


AVERAGE LIST PRICE $483,352 $460,953 $895,500 $-


























(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/mid-los-angeles-real-estate

39

CONDOMINIUM SALES MID LOS ANGELES

JULY MARKET OVERVIEWIn Mid Los Angeles there were 31 single family home sales in July 2014, up from 30 in July 2013 and a 3% increase from

the 30 sales closed last month. The average list price for single family home sales in July 2014 was $455,842 almost

matching $458,387 for July 2013. For the three-month period from May to July 2014, the average list price was 6% higher


July 2014, which was $503,294. Comparing July 2014 to June 2014, Mid Los Angeles saw a 21% decrease in average sale

price, and a 5% decrease compared to same month of the prior year.





















AVERAGE LIST PRICE PER SQUARE FOOT -7% -7% 0% 0%


AVERAGE SOLD PRICE PER SQUARE FOOT -10% -10% 0% 0%





(Source: MLS/CLAW)

40



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


AVERAGE LIST PRICE $713,900 $696,308 $925,000 $-


























(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/mid-wilshire-real-estate

41

CONDOMINIUM SALES MID WILSHIRE

JULY MARKET OVERVIEWIn Mid Wilshire there were 16 condominium sales in July 2014, down from 23 in July 2013 and a 16% decrease from the 19


2013, representing a 34% increase. For the three-month period from May to July 2014, the average list price was 15%

higher than the same period of the prior year. Average sales price for July 2014 was $522,475, compared to that of May

through July 2014, which was $486,280. Comparing July 2014 to June 2014, Mid Wilshire saw a 30% increase in average





























(Source: MLS/CLAW)

42



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.


MOUNT WASHINGTON
























TOTAL SFH SOLD -7% -5% -33% 0%




(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/mount-washington-real-estate

43

CONDOMINIUM SALES MOUNT WASHINGTON

JULY MARKET OVERVIEWIn Mount Washington there were 14 single family home sales in July 2014, down from 15 in July 2013 and a 40% increase

from the 10 sales closed last month. The average list price for single family home sales in July 2014 was $678,136

compared to $619,593 for July 2013, representing a 9% increase. For the three-month period from May to July 2014, the

average list price was 9% higher than the same period of the prior year. Average sales price for July 2014 was $678,286,

compared to that of May through July 2014, which was $668,115. Comparing July 2014 to June 2014, Mount Washington

saw a 8% increase in average sale price, and a 5% increase compared to same month of the prior year.




























(Source: MLS/CLAW)

44



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



AVERAGE LIST PRICE PER SQUARE FOOT $919.87 $- $867.19 $951.37


AVERAGE SOLD PRICE PER SQUARE FOOT $901.26 $- $862.67 $924.34















AVERAGE LIST PRICE 13% -100% 10% -23%

AVERAGE LIST PRICE PER SQUARE FOOT 13% -100% 27% -5%

AVERAGE SOLD PRICE 14% -100% 9% -21%

AVERAGE SOLD PRICE PER SQUARE FOOT 15% -100% 26% -2%

TOTAL SFH SOLD 0% -100% -27% 92%




(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/pacific-palisades-real-estate

45

CONDOMINIUM SALES PACIFIC PALISADES

JULY MARKET OVERVIEWIn Pacific Palisades there were 45 single family home sales in July 2014, up from 37 in July 2013 and a 32% increase from


to $2,291,270 for July 2013, representing a 57% increase. For the three-month period from May to July 2014, the average

list price was 13% higher than the same period of the prior year. Average sales price for July 2014 was $3,484,864,

compared to that of May through July 2014, which was $3,172,400. Comparing July 2014 to June 2014, Pacific Palisades

saw a 20% increase in average sale price, and a 51% increase compared to same month of the prior year.

























TOTAL CONDOS FOR SALE AT END OF PERIOD -19% -8% -50% -100%



(Source: MLS/CLAW)

46



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
























TOTAL SFH SOLD 11% -2% 35% 0%




(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/palms-mar-vista-real-estate

47

CONDOMINIUM SALES PALMS - MAR VISTA

JULY MARKET OVERVIEWIn Palms - Mar Vista there were 40 single family home sales in July 2014, up from 31 in July 2013 and a 38% increase from


to $983,142 for July 2013, representing a 12% increase. For the three-month period from May to July 2014, the average list


to that of May through July 2014, which was $1,124,067. Comparing July 2014 to June 2014, Palms - Mar Vista saw a 7%

decrease in average sale price, but a 10% increase compared to same month of the prior year.




























(Source: MLS/CLAW)

48



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
























TOTAL SFH SOLD -15% 67% -40% 0%

TOTAL SFH FOR SALE AT END OF PERIOD -33% -100% -31% 50%



(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/playa-del-rey-real-estate

49

CONDOMINIUM SALES PLAYA DEL REY

JULY MARKET OVERVIEWIn Playa Del Rey there were 19 condominium sales in July 2014, up from 11 in July 2013 and a 19% increase from the 16


2013, representing a 10% increase. For the three-month period from May to July 2014, the average list price was 17%

higher than the same period of the prior year. Average sales price for July 2014 was $497,107, compared to that of May

through July 2014, which was $525,655. Comparing July 2014 to June 2014, Playa Del Rey saw a 6% decrease in average

sale price, but a 8% increase compared to same month of the prior year.




























(Source: MLS/CLAW)

50



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







TOTAL SFH FOR SALE AT END OF PERIOD 2 - 2 -




AVERAGE LIST PRICE $1,374,500 $- $1,374,500 $-

AVERAGE LIST PRICE PER SQUARE FOOT $440.97 $- $440.97 $-

AVERAGE SOLD PRICE $1,374,500 $- $1,374,500 $-

AVERAGE SOLD PRICE PER SQUARE FOOT $440.97 $- $440.97 $-

TOTAL SFH SOLD 2 - 2 -

TOTAL SFH FOR SALE AT END OF PERIOD 3 - 3 -






AVERAGE SOLD PRICE -17% 0% -12% 0%



TOTAL SFH FOR SALE AT END OF PERIOD -33% 0% -33% 0%

AVERAGE MONTHLY SUPPLY OF INVENTORY -78% 0% -73% 0%


(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/playa-vista-real-estate

51

CONDOMINIUM SALES PLAYA VISTA

JULY MARKET OVERVIEWIn Playa Vista there were 9 condominium sales in July 2014, down from 13 in July 2013 and a similar performance from the

9 sales closed last month. The average list price for condo sales in July 2014 was $728,778 compared to $691,808 for July

2013, representing a 5% increase. For the three-month period from May to July 2014, the average list price was 7% higher


July 2014, which was $726,266. Comparing July 2014 to June 2014, Playa Vista saw a 1% decrease in average sale price,

but a 3% increase compared to same month of the prior year.




























(Source: MLS/CLAW)

52



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.


SANTA MONICA




















AVERAGE LIST PRICE -14% 28% 1% 0%


AVERAGE SOLD PRICE -14% 10% 0% -1%


TOTAL SFH SOLD -14% 100% -4% -44%



AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% -14% -1% -1%

(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/santa-monica-real-estate

53

CONDOMINIUM SALES SANTA MONICA

JULY MARKET OVERVIEWIn Santa Monica there were 39 condominium sales in July 2014, up from 33 in July 2013 and a 34% decrease from the

59 sales closed last month. The average list price for condo sales in July 2014 was $1,096,690 compared to $922,933

for July 2013, representing a 19% increase. For the three-month period from May to July 2014, the average list price was

28% higher than the same period of the prior year. Average sales price for July 2014 was $1,096,004, compared to that of

May through July 2014, which was $1,205,148. Comparing July 2014 to June 2014, Santa Monica saw a 21% decrease in

average sale price, but a 16% increase compared to same month of the prior year.



AVERAGE LIST PRICE PER SQUARE FOOT $856.21 $596.50 $1,004.66 $1,660.36


AVERAGE SOLD PRICE PER SQUARE FOOT $858.83 $608.92 $1,009.73 $1,575.73



















TOTAL CONDOS SOLD 22% -3% 83% 100%




(Source: MLS/CLAW)

54



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
























TOTAL SFH SOLD -2% -24% 123% 0%




(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/silver-lake-real-estate

55

CONDOMINIUM SALES SILVERLAKE - ECHO PARK

JULY MARKET OVERVIEWIn Silver Lake - Echo Park there were 29 single family home sales in July 2014, which is the same as July 2013 and a


$873,945 compared to $653,507 for July 2013, representing a 34% increase. For the three-month period from May to


was $895,677, compared to that of May through July 2014, which was $945,183. Comparing July 2014 to June 2014, Silver

Lake - Echo Park saw a 1% decrease in average sale price, but a 33% increase compared to same month of the prior year.




























(Source: MLS/CLAW)

56



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




















AVERAGE LIST PRICE 13% -1% 0% 11%


AVERAGE SOLD PRICE 9% -3% -2% 5%


TOTAL SFH SOLD -9% -51% 14% -5%



AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -3% -2% -1% -6%

(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/sunset-strip-real-estate

57

CONDOMINIUM SALES SUNSET STRIP - HOLLYWOOD HILLS

JULY MARKET OVERVIEWIn Sunset Strip - Hollywood Hills West there were 51 single family home sales in July 2014, up from 35 in July 2013 and a


$2,114,559 compared to $1,646,994 for July 2013, representing a 28% increase. For the three-month period from May

to July 2014, the average list price was 13% higher than the same period of the prior year. Average sales price for July

2014 was $2,039,534, compared to that of May through July 2014, which was $2,169,847. Comparing July 2014 to June

2014, Sunset Strip - Hollywood Hills West saw a 3% decrease in average sale price, but a 24% increase compared to same

month of the prior year.



AVERAGE LIST PRICE PER SQUARE FOOT $632.19 $439.00 $1,640.04 $1,603.68


AVERAGE SOLD PRICE PER SQUARE FOOT $621.39 $430.33 $1,566.96 $1,653.28























(Source: MLS/CLAW)

58



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
























TOTAL SFH SOLD 30% -54% 52% 100%

TOTAL SFH FOR SALE AT END OF PERIOD -19% -50% -16% 0%

AVERAGE MONTHLY SUPPLY OF INVENTORY -37% 8% -45% -50%


(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/venice-real-estate

59

CONDOMINIUM SALES VENICE

JULY MARKET OVERVIEWIn Venice there were 24 single family home sales in July 2014, up from 21 in July 2013 and a 11% decrease from the 27 sales

closed last month. The average list price for single family home sales in July 2014 was $1,727,583 compared to $1,460,352

for July 2013, representing an 18% increase. For the three-month period from May to July 2014, the average list price was

11% higher than the same period of the prior year. Average sales price for July 2014 was $1,734,292, compared to that of

May through July 2014, which was $1,719,354. Comparing July 2014 to June 2014, Venice saw a 5% increase in average





















AVERAGE LIST PRICE -5% -21% 3% -100%


AVERAGE SOLD PRICE -2% -15% 6% -100%


TOTAL CONDOS SOLD -61% -71% -55% -100%

TOTAL CONDOS FOR SALE AT END OF PERIOD 55% 350% -11% 0%


AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 3% 7% 3% -100%

(Source: MLS/CLAW)

60



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
























TOTAL SFH SOLD -6% -27% 10% 0%




(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/west-hollywood-real-estate

61

CONDOMINIUM SALES WEST HOLLYWOOD

JULY MARKET OVERVIEWIn West Hollywood Vicinity there were 42 condominium sales in July 2014, down from 51 in July 2013 and a 35% increase

from the 31 sales closed last month. The average list price for condo sales in July 2014 was $620,190 almost matching

$602,510 for July 2013. For the three-month period from May to July 2014, the average list price was 16% higher than the

same period of the prior year. Average sales price for July 2014 was $612,307, compared to that of May through July 2014,

which was $658,759. Comparing July 2014 to June 2014, West Hollywood Vicinity saw a 13% decrease in average sale

price, but a 2% increase compared to same month of the prior year.

























TOTAL CONDOS FOR SALE AT END OF PERIOD 9% 20% -22% -100%



(Source: MLS/CLAW)

62



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




























(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/west-los-angeles-real-estate

63

CONDOMINIUM SALES WEST LOS ANGELES

JULY MARKET OVERVIEWIn West Los Angeles there were 23 condominium sales in July 2014, up from 16 in July 2013 and a 53% increase from the

15 sales closed last month. The average list price for condo sales in July 2014 was $585,300 compared to $689,434 for

July 2013, representing a 15% decrease. For the three-month period from May to July 2014, the average list price was 1%

lower than the same period of the prior year. Average sales price for July 2014 was $593,826, compared to that of May

through July 2014, which was $626,826. Comparing July 2014 to June 2014, West Los Angeles saw a 13% decrease in

average sale price, and a 16% decrease compared to same month of the prior year.






















AVERAGE SOLD PRICE -3% -1% -100% 0%






(Source: MLS/CLAW)

64



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


AVERAGE LIST PRICE $2,206,510 $1,050,000 $1,780,415 $4,276,111






















TOTAL SFH SOLD -9% -86% -9% 125%




(Source: MLS/CLAW)




http://www.sothebyshomes.com/Los-Angeles-Real-Estate/areas/westwood---century-city-real-estate

65

CONDOMINIUM SALES WESTWOOD - CENTURY CITY

JULY MARKET OVERVIEWIn Westwood - Century City there were 51 condominium sales in July 2014, down from 53 in July 2013 and a 11% increase

from the 46 sales closed last month. The average list price for condo sales in July 2014 was $1,451,870 compared to



to that of May through July 2014, which was $1,189,099. Comparing July 2014 to June 2014, Westwood - Century City saw

a 37% increase in average sale price, and a 65% increase compared to same month of the prior year.

























TOTAL CONDOS FOR SALE AT END OF PERIOD 5% 6% 6% -3%

AVERAGE MONTHLY SUPPLY OF INVENTORY 21% 45% -28% -71%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% -3% 19%

(Source: MLS/CLAW)

greater los angeles market report | 3-month ending july 2014

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