TM

live architecture

Los Angeles Market Report I August 2011

Fore ign Investment Edi t ion I August 2011

Fore ign Investment Edi t ion I August 2011

15

TM

live architecture

Bel Air + Homby Hills 4 North Hollywood 42

Beverly Center + Miracle Mile

6 Pacific Palisades 44

Beverly Hills 8 Palms + Mar Vista 46

Beverly Hills Post Office

10 Playa del Rey 48

Beverlywood 12 Playa Vista 50

Brentwood 14 Santa Monica 52

Cheviot Hills + Rancho Park

16 Sherman Oaks 54

Culver City 18 Silverlake + Echo Park 56

Downtown LA 20 Studio City 58

Encino 22 Sunset Strip + Holly-wood Hills West

60

Hancock Park + Wilshire

24 Tarzana 62

Hollywood 26 Toluca Lake 64

Hollywood Hills East 28 Valley Village 66

Los Feliz 30 Venice 68

Malibu 32 West Hollywood 70

Malibu Beach 34 West Los Angeles 72

Marina del Rey 36 Westchester 74

Mid Los Angeles 38 Westwood + Century City

76

Mid Wilshire 40 about architecture 8 78

contents

Los Angeles Market Report I August 2011

Bel AirHolmby Hills California contains some of Los Angeles largest and most elegant estates with panoramic city and canyon views The area is rich in landscape trees and hillsides Homes are situated in the foothills of the Santa Monica Mountains just above Sunset Boulevard The area is located just west of Beverly Hills and about 14 miles from downtown Los Angeles Along with the multi-million dollar homes of the stars youll find affordable custom-built homes towards Mulholland Drive In May 2011 homes for sale in the Bel Air - Holmby Hills area had a median sale price of 1622500 up $15000 from May 2010 which was significantly less at 26775250 In May 2011 20 homes sold and 40 homes came onto the market The average number of days on market for sold properties in the Bel Air - Holmby Hills area during May 2011 was 97 days

Bel Air + Holmby Hills

Los Angeles Market Report I August 2011

Bel AirHolmby Hills California contains some of Los Angeles largest and most elegant estates with panoramic city and canyon views The area is rich in landscape trees and hillsides Homes are situated in the foothills of the Santa Monica Mountains just above Sunset Boulevard The area is located just west of Beverly Hills and about 14 miles from downtown Los Angeles Along with the multi-million dollar homes of the stars youll find affordable custom-built homes towards Mulholland Drive In May 2011 homes for sale in the Bel Air - Holmby Hills area had a median sale price of 1622500 up $15000 from May 2010 which was significantly less at 26775250 In May 2011 20 homes sold and 40 homes came onto the market The average number of days on market for sold properties in the Bel Air - Holmby Hills area during May 2011 was 97 days

Bel Air + Holmby Hills

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Bel Air + Holmby Hills (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $1511687 $1791609 1852

Sold Average Price per Square Foot $790 $910 1519

Properties Sold 12 15 2500

Properties Pending Sale 13 16 2308

Properties For Sale 178 163 -843

Sold Average Days on Market 28 97 24643

Monthrsquos Supply of Inventory 115 80 -3043

Percent Under Contract 730 980 3425

Sold Price Original List Price 8860 8320 -609

Sold Avg Days on Market No Price Change 25 37 4800

Sold Avg Days on Market w1 or More Price Changes 37 149 30270

Bel Air + Holmby Hills (Condominium) August 2010 August 2011 Percent Change

Sold Median Price NA $510000 NA

Sold Average Price per Square Foot NA $408 NA

Properties Sold NA 1 NA

Properties Pending Sale 0 0 000

Properties For Sale 5 3 -4000

Sold Average Days on Market NA 39 NA

Monthrsquos Supply of Inventory 0 0 000

Percent Under Contract NA NA NA

Sold Price Original List Price NA 9510 NA

Sold Avg Days on Market No Price Change NA 39 NA

Sold Avg Days on Market w1 or More Price Changes NA NA NA

Bel Air + Holmby Hills

Los Angeles Market Report I August 2011

Located in the heart of Los Angeles California the bustling Beverly CenterMiracle Mile area offers fabulous shopping and dining opportunities The well-known Beverly Center shopping mall is located in this area - hence the first part of the areas name And the tall buildings along what has long been known as the Miracle Mile were home to myriads of doctors offices - hence the second part of the areas name Today one of the worlds foremost medical centers Cedars-Sinai is situated in the Beverly Center - Miracle Mile area Bounded on the north by the famous Melrose Ave with all of its stores and restaurants on the east by La Brea Ave on the west by San Vicente Blvd and on the south by Pico Blvd the Beverly Center - Miracle Mile area is sandwiched between the city of Beverly Hills and the Hancock Park area of Los Angeles and encompasses zip codes 90019 90035 90036 and 90048 The area is comprised of both small and large homes as well as apartment buildings and condominiums The median sale price of single family homes in the Beverly Center - Miracle Mile area was $840000 in May 2011 down from $980000 in April 2011 and from $905000 in May 2010 9 homes sold in the area during the month of May 2011 and 35 homes came onto the market during the same period The average number of days on market for the homes that sold in May 2010 was 70 From January through May 2011 45 homes sold and 134 came onto the market

Beverly Center + Miracle Mile

Los Angeles Market Report I August 2011

Located in the heart of Los Angeles California the bustling Beverly CenterMiracle Mile area offers fabulous shopping and dining opportunities The well-known Beverly Center shopping mall is located in this area - hence the first part of the areas name And the tall buildings along what has long been known as the Miracle Mile were home to myriads of doctors offices - hence the second part of the areas name Today one of the worlds foremost medical centers Cedars-Sinai is situated in the Beverly Center - Miracle Mile area Bounded on the north by the famous Melrose Ave with all of its stores and restaurants on the east by La Brea Ave on the west by San Vicente Blvd and on the south by Pico Blvd the Beverly Center - Miracle Mile area is sandwiched between the city of Beverly Hills and the Hancock Park area of Los Angeles and encompasses zip codes 90019 90035 90036 and 90048 The area is comprised of both small and large homes as well as apartment buildings and condominiums The median sale price of single family homes in the Beverly Center - Miracle Mile area was $840000 in May 2011 down from $980000 in April 2011 and from $905000 in May 2010 9 homes sold in the area during the month of May 2011 and 35 homes came onto the market during the same period The average number of days on market for the homes that sold in May 2010 was 70 From January through May 2011 45 homes sold and 134 came onto the market

Beverly Center + Miracle Mile

Beverly Center + Miracle Mile

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Bev Center + Miracle Mile (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $812500 $949500 1686

Sold Average Price per Square Foot $484 $466 -372

Properties Sold 14 14 000

Properties Pending Sale 11 20 8182

Properties For Sale 112 103 -804

Sold Average Days on Market 42 39 -714

Monthrsquos Supply of Inventory 75 31 -5867

Percent Under Contract 980 1940 9796

Sold Price Original List Price 9450 9270 -190

Sold Avg Days on Market No Price Change 23 32 3913

Sold Avg Days on Market w1 or More Price Changes 75 55 -2667

Beverly Center + Miracle Mile (Condominium) August 2010 August 2011 Percent Change

Sold Median Price $536000 $421000 -2146

Sold Average Price per Square Foot $428 $316 -2617

Properties Sold 20 4 -8000

Properties Pending Sale 26 4 -8462

Properties For Sale 95 36 -6211

Sold Average Days on Market 11 68 51818

Monthrsquos Supply of Inventory 23 55 13913

Percent Under Contract 2740 1110 -5949

Sold Price Original List Price 9930 9560 -373

Sold Avg Days on Market No Price Change 11 12 909

Sold Avg Days on Market w1 or More Price Changes NA 124 NA

Los Angeles Market Report I August 2011

The world-renowned city of Beverly Hills covers just 569 square miles but houses one of the countrys most famous zip codes 90210 The Beverly Hills real estate scene is also exclusive From January through May 2011 homes for sale in Beverly Hills had a median price of $2838125 and the volume of sales was a whopping $226469775 with $29168500 of that being sold in May 2011 alone The average list price of a single family home for sale in the city of Beverly Hills in May 2011 was $3088900 With homes in Beverly Hills proper being much in demand thanks in part to an excellent school system from January through May 2011 56 homes sold in Beverly Hills and 148 came onto the market On average the homes that sold in Beverly Hills from January through May 2011 were on the market 85 days Despite the citys reputation for exclusive shopping hotels and dining establishments approximately 90 of Beverly Hills is zoned for residential use In 2010 approximately 62 of the total residential housing were apartments and condominiums and 37 were single-family home According to the City of Beverly Hills only approximately 18 of the units in multi-family buildings were condominiums and 82 were apartments The California Department of Finance reported the total population of the City of Beverly Hills to be 34290 as of April 1 2010 up 15 from the year 2000The 2010 US Census of Population and Housing listed the median age of residents of Beverly Hills as 415 years old and 228 of the population is under 19 years of age

Beverly Hills

470 Castle Place

Los Angeles Market Report I August 2011

The world-renowned city of Beverly Hills covers just 569 square miles but houses one of the countrys most famous zip codes 90210 The Beverly Hills real estate scene is also exclusive From January through May 2011 homes for sale in Beverly Hills had a median price of $2838125 and the volume of sales was a whopping $226469775 with $29168500 of that being sold in May 2011 alone The average list price of a single family home for sale in the city of Beverly Hills in May 2011 was $3088900 With homes in Beverly Hills proper being much in demand thanks in part to an excellent school system from January through May 2011 56 homes sold in Beverly Hills and 148 came onto the market On average the homes that sold in Beverly Hills from January through May 2011 were on the market 85 days Despite the citys reputation for exclusive shopping hotels and dining establishments approximately 90 of Beverly Hills is zoned for residential use In 2010 approximately 62 of the total residential housing were apartments and condominiums and 37 were single-family home According to the City of Beverly Hills only approximately 18 of the units in multi-family buildings were condominiums and 82 were apartments The California Department of Finance reported the total population of the City of Beverly Hills to be 34290 as of April 1 2010 up 15 from the year 2000The 2010 US Census of Population and Housing listed the median age of residents of Beverly Hills as 415 years old and 228 of the population is under 19 years of age

Beverly Hills

470 Castle Place

Beverly Hills

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Beverly Hills (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $2950000 $5275000 7881

Sold Average Price per Square Foot $814 $998 2260

Properties Sold 20 13 -3500

Properties Pending Sale 14 15 714

Properties For Sale 174 140 -1954

Sold Average Days on Market 63 72 1429

Monthrsquos Supply of Inventory 104 65 -3750

Percent Under Contract 800 1070 3375

Sold Price Original List Price 8800 8970 193

Sold Avg Days on Market No Price Change 24 52 11667

Sold Avg Days on Market w1 or More Price Changes 137 141 292

Beverly Hills (Condominium) August 2010 August 2011 Percent Change

Sold Median Price $782500 $800000 224

Sold Average Price per Square Foot $466 $776 6652

Properties Sold 6 7 1667

Properties Pending Sale 5 4 -2000

Properties For Sale 119 95 -2017

Sold Average Days on Market 141 100 -2908

Monthrsquos Supply of Inventory 206 175 -1505

Percent Under Contract 420 420 000

Sold Price Original List Price 9140 9340 219

Sold Avg Days on Market No Price Change 72 18 -7500

Sold Avg Days on Market w1 or More Price Changes 278 304 935

Los Angeles Market Report I August 2011

Beverly Hills Post Office is the name given to the area just above Beverly Hills proper that is served by the Beverly Hills postal service but that in actuality lies in the city of Los Angeles and as such is served by LA city services (fire police schools etc) Homes in the Beverly Hills Post Office area have just one zip code which is shared with homes within the city limits of Beverly Hills ndash 90210 The Beverly Hills Post Office area extends all the way up in the hills and canyons to Mulholland Highway much of which forms the border between the city and the San Fernando Valley more commonly known as just the valley The BHPO area as the area is nicknamed is comprised of everything ranging from tiny homes nestled on narrow winding streets in the canyons to mega mansions topping the verdant hills and everything in between Convenient to both the city and the valley the Beverly Hills Post Office area is sandwiched between the hills of Bel Air and the area known as Sunset Strip - Hollywood Hills West Benedict Canyon and Coldwater Canyon traverse the area taking commuters from the city to the top of the hills Coldwater continues over the hill to deposit its commuters in Studio City a popular area of the San Fernando Valley Although the median sale price of homes in the area was $1607500 remarkably and indicative of the vast differences among real estate in the BHPO area the 12 single family homes that sold in May 2011 range from $545000 to $22950000 These properties were on the market for sale for an average of 137 days or approximately 4 frac12 months and the total dollar sales volume of the sale of these 12 homes was a healthy $42058150

Beverly Hills Post Office

Los Angeles Market Report I August 2011

Beverly Hills Post Office is the name given to the area just above Beverly Hills proper that is served by the Beverly Hills postal service but that in actuality lies in the city of Los Angeles and as such is served by LA city services (fire police schools etc) Homes in the Beverly Hills Post Office area have just one zip code which is shared with homes within the city limits of Beverly Hills ndash 90210 The Beverly Hills Post Office area extends all the way up in the hills and canyons to Mulholland Highway much of which forms the border between the city and the San Fernando Valley more commonly known as just the valley The BHPO area as the area is nicknamed is comprised of everything ranging from tiny homes nestled on narrow winding streets in the canyons to mega mansions topping the verdant hills and everything in between Convenient to both the city and the valley the Beverly Hills Post Office area is sandwiched between the hills of Bel Air and the area known as Sunset Strip - Hollywood Hills West Benedict Canyon and Coldwater Canyon traverse the area taking commuters from the city to the top of the hills Coldwater continues over the hill to deposit its commuters in Studio City a popular area of the San Fernando Valley Although the median sale price of homes in the area was $1607500 remarkably and indicative of the vast differences among real estate in the BHPO area the 12 single family homes that sold in May 2011 range from $545000 to $22950000 These properties were on the market for sale for an average of 137 days or approximately 4 frac12 months and the total dollar sales volume of the sale of these 12 homes was a healthy $42058150

Beverly Hills Post Office

Beverly Hills Post Office

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Beverly Hills Post Office (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $1642325 $1845500 1237

Sold Average Price per Square Foot $598 $613 251

Properties Sold 6 10 6667

Properties Pending Sale 11 9 -1818

Properties For Sale 193 161 -1658

Sold Average Days on Market 71 126 7746

Monthrsquos Supply of Inventory 150 143 -467

Percent Under Contract 570 560 -175

Sold Price Original List Price 8990 8720 -300

Sold Avg Days on Market No Price Change 57 70 2281

Sold Avg Days on Market w1 or More Price Changes 86 182 11163

Beverly Hills Post Office (Condominium) August 2010 August 2011 Percent Change

Sold Median Price NA NA NA

Sold Average Price per Square Foot NA NA NA

Properties Sold NA NA NA

Properties Pending Sale NA NA NA

Properties For Sale NA NA NA

Sold Average Days on Market NA NA NA

Monthrsquos Supply of Inventory NA NA NA

Percent Under Contract NA NA NA

Sold Price Original List Price NA NA NA

Sold Avg Days on Market No Price Change NA NA NA

Sold Avg Days on Market w1 or More Price Changes NA NA NA

Los Angeles Market Report I August 2011

The Beverlywood Vicinity area of Los Angeles encompasses zip codes 90034 and 90035 It is bordered by a multitude of areas including Beverly Hills Beverly Center - Miracle Mile Cheviot Hills - Rancho Park Palms - Mar Vista Culver City and Mid Los Angeles Homes in the Beverlywood area are also in close proximity to the Santa Monica Freeway one of the prime and most heavily traveled thoroughfares in Los Angeles which stretches from the Pacific Ocean to Downtown Los Angeles and beyond In May 2011 homes in the Beverlywood vicinity sold at prices ranging from $500000 to $1400000 with the median sale price being $835000 The average list price of a home in this area was $926464 in May 2011 and 17 homes sold during this same month

Beverlywood

Los Angeles Market Report I August 2011

The Beverlywood Vicinity area of Los Angeles encompasses zip codes 90034 and 90035 It is bordered by a multitude of areas including Beverly Hills Beverly Center - Miracle Mile Cheviot Hills - Rancho Park Palms - Mar Vista Culver City and Mid Los Angeles Homes in the Beverlywood area are also in close proximity to the Santa Monica Freeway one of the prime and most heavily traveled thoroughfares in Los Angeles which stretches from the Pacific Ocean to Downtown Los Angeles and beyond In May 2011 homes in the Beverlywood vicinity sold at prices ranging from $500000 to $1400000 with the median sale price being $835000 The average list price of a home in this area was $926464 in May 2011 and 17 homes sold during this same month

Beverlywood

Beverlywood

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Beverlywood (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $830000 $815000 -181

Sold Average Price per Square Foot $458 $486 611

Properties Sold 14 15 714

Properties Pending Sale 9 18 10000

Properties For Sale 87 90 345

Sold Average Days on Market 45 31 -3111

Monthrsquos Supply of Inventory 80 28 -6500

Percent Under Contract 1030 2000 9417

Sold Price Original List Price 9350 9550 214

Sold Avg Days on Market No Price Change 28 17 -3929

Sold Avg Days on Market w1 or More Price Changes 68 87 2794

Beverlywood (Condominium) August 2010 August 2011 Percent Change

Sold Median Price $605000 $805000 3306

Sold Average Price per Square Foot $386 $362 -622

Properties Sold 10 3 -7000

Properties Pending Sale 4 4 000

Properties For Sale 51 23 -5490

Sold Average Days on Market 136 57 -5809

Monthrsquos Supply of Inventory 110 40 -6364

Percent Under Contract 780 1740 12308

Sold Price Original List Price 8740 8900 183

Sold Avg Days on Market No Price Change 1 48 470000

Sold Avg Days on Market w1 or More Price Changes 151 76 -4967

Los Angeles Market Report I August 2011

Brentwood is a tiny upscale community on the Westside of Los Angeles located just to the west of the San Diego (405) Freeway extending up to Mulholland Dr on the north and down to Wilshire Blvd on the south Bordering on Santa Monica Brentwood is comprised of houses restaurants and businesses and is a highly desired residential suburb which is home to many celebrities and business moguls Portions of Brentwood are zoned for horses Other portions have a very urban feel Brentwood real estate values have always maintained a steady increase due to the exclusivity of the neighborhood The famous Getty Museum looks over the city of Brentwood For January through May 2011 the median sale price of single family homes sold in Brentwood is $2125000 with the total dollar sales volume of the 67 homes sold during this period being $196130235 Prices for single family homes that sold in May 2011 in the Brentwood area ranged from $800000 to $6167000 with the median sale price being $2262500 Average list price of single family homes in Brentwood during May 2011 was $2933166 Zip codes in the Brentwood area are 90049 and 90073 Some of the schools in the area include Brentwood Science Magnet Bellagio Newcomer Center and Paul Revere Middle School with its Revere Science Magnet

Brentwood

Los Angeles Market Report I August 2011

Brentwood is a tiny upscale community on the Westside of Los Angeles located just to the west of the San Diego (405) Freeway extending up to Mulholland Dr on the north and down to Wilshire Blvd on the south Bordering on Santa Monica Brentwood is comprised of houses restaurants and businesses and is a highly desired residential suburb which is home to many celebrities and business moguls Portions of Brentwood are zoned for horses Other portions have a very urban feel Brentwood real estate values have always maintained a steady increase due to the exclusivity of the neighborhood The famous Getty Museum looks over the city of Brentwood For January through May 2011 the median sale price of single family homes sold in Brentwood is $2125000 with the total dollar sales volume of the 67 homes sold during this period being $196130235 Prices for single family homes that sold in May 2011 in the Brentwood area ranged from $800000 to $6167000 with the median sale price being $2262500 Average list price of single family homes in Brentwood during May 2011 was $2933166 Zip codes in the Brentwood area are 90049 and 90073 Some of the schools in the area include Brentwood Science Magnet Bellagio Newcomer Center and Paul Revere Middle School with its Revere Science Magnet

Brentwood

Brentwood

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Brentwood (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $1534000 $1975000 2875

Sold Average Price per Square Foot $673 $597 -1129

Properties Sold 17 14 -1765

Properties Pending Sale 16 24 5000

Properties For Sale 187 155 -1711

Sold Average Days on Market 76 51 -3289

Monthrsquos Supply of Inventory 94 44 -5319

Percent Under Contract 860 1550 8023

Sold Price Original List Price 9390 9370 -021

Sold Avg Days on Market No Price Change 28 35 2500

Sold Avg Days on Market w1 or More Price Changes 144 90 -3750

Brentwood (Condominium) August 2010 August 2011 Percent Change

Sold Median Price $579500 $600000 354

Sold Average Price per Square Foot $405 $424 469

Properties Sold 10 9 -1000

Properties Pending Sale 7 14 10000

Properties For Sale 159 98 -3836

Sold Average Days on Market 69 62 -1014

Monthrsquos Supply of Inventory 193 55 -7150

Percent Under Contract 440 1430 22500

Sold Price Original List Price 9290 9550 280

Sold Avg Days on Market No Price Change 34 47 3824

Sold Avg Days on Market w1 or More Price Changes 120 113 -583

Los Angeles Market Report I August 2011

Located in the heart of Westside Los Angeles the communities of Cheviot Hills and Rancho Park feature upscale single family homes with spacious lots In May 2011 the average list price of a single family home was $1619000 and the average sale price was $1548666 The median sale price in this area was $1580000 The two communities are separated by a spacious greenbelt comprising the Cheviot Hills Park and Recreation Center and the Hillcrest Country Club The area is bounded on the north by Beverly Hills to the south by Palms and Culver City and to the west by West Los Angeles Both communities offer easy access to the 10 and 405 freeways The area is in close proximity to Westwood Century City and Beverly Hills and a mere 15 minutes from the beach Shopping is nearby at the popular Westside Pavilion and the elegant Century City Mall with theaters restaurants and exclusive shops

Cheviot Hills + Rancho Park

Los Angeles Market Report I August 2011

Located in the heart of Westside Los Angeles the communities of Cheviot Hills and Rancho Park feature upscale single family homes with spacious lots In May 2011 the average list price of a single family home was $1619000 and the average sale price was $1548666 The median sale price in this area was $1580000 The two communities are separated by a spacious greenbelt comprising the Cheviot Hills Park and Recreation Center and the Hillcrest Country Club The area is bounded on the north by Beverly Hills to the south by Palms and Culver City and to the west by West Los Angeles Both communities offer easy access to the 10 and 405 freeways The area is in close proximity to Westwood Century City and Beverly Hills and a mere 15 minutes from the beach Shopping is nearby at the popular Westside Pavilion and the elegant Century City Mall with theaters restaurants and exclusive shops

Cheviot Hills + Rancho Park

Cheviot Hills + Rancho Park

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Cheviot Hills + Rancho Park (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $865000 $1030000 1908

Sold Average Price per Square Foot $608 $506 -1678

Properties Sold 3 5 6667

Properties Pending Sale 6 9 5000

Properties For Sale 43 47 930

Sold Average Days on Market 63 26 -5873

Monthrsquos Supply of Inventory 53 33 -3774

Percent Under Contract 1400 1910 3643

Sold Price Original List Price 9180 9160 -022

Sold Avg Days on Market No Price Change 71 22 -6901

Sold Avg Days on Market w1 or More Price Changes 47 32 -3191

Cheviot Hills Rancho Park (Condominium) August 2010 August 2011 Percent Change

Sold Median Price NA NA NA

Sold Average Price per Square Foot NA NA NA

Properties Sold NA NA NA

Properties Pending Sale NA NA NA

Properties For Sale 1 0 NA

Sold Average Days on Market NA NA NA

Monthrsquos Supply of Inventory NA NA NA

Percent Under Contract NA NA NA

Sold Price Original List Price NA NA NA

Sold Avg Days on Market No Price Change NA NA NA

Sold Avg Days on Market w1 or More Price Changes NA NA NA

Los Angeles Market Report I August 2011

Housing in this area of West Los Angeles consists of a mix of single family homes condominiums lofts and residential income properties In 2007 the median list price was $789000 and the median sold price was $779500 Culver City is located at the intersection of the 405 (San Diego) and 10 (Santa Monica) freeways It is approximately 15 minutes north of Los Angeles International Airport 15 minutes west of the Marina Del ReyPacific Ocean 20 minutes southeast of Santa Monica 15 minutes south of Beverly Hills and 20 minutes west of Downtown Los Angeles

Culver City

Los Angeles Market Report I August 2011

Housing in this area of West Los Angeles consists of a mix of single family homes condominiums lofts and residential income properties In 2007 the median list price was $789000 and the median sold price was $779500 Culver City is located at the intersection of the 405 (San Diego) and 10 (Santa Monica) freeways It is approximately 15 minutes north of Los Angeles International Airport 15 minutes west of the Marina Del ReyPacific Ocean 20 minutes southeast of Santa Monica 15 minutes south of Beverly Hills and 20 minutes west of Downtown Los Angeles

Culver City

Culver City

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Culver City (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $668000 $590000 -1168

Sold Average Price per Square Foot $515 $453 -1204

Properties Sold 10 9 -1000

Properties Pending Sale 10 17 7000

Properties For Sale 72 80 1111

Sold Average Days on Market 30 37 2333

Monthrsquos Supply of Inventory 56 29 -4821

Percent Under Contract 1390 2120 5252

Sold Price Original List Price 9920 9450 -474

Sold Avg Days on Market No Price Change 29 31 690

Sold Avg Days on Market w1 or More Price Changes 43 57 3256

Culver City (Condominium) August 2010 August 2011 Percent Change

Sold Median Price $330000 $302000 -848

Sold Average Price per Square Foot $353 $290 -1785

Properties Sold 11 12 909

Properties Pending Sale 12 15 2500

Properties For Sale 96 82 -1458

Sold Average Days on Market 37 75 10270

Monthrsquos Supply of Inventory 67 39 -4179

Percent Under Contract 1250 1830 4640

Sold Price Original List Price 9540 9460 -084

Sold Avg Days on Market No Price Change 20 44 12000

Sold Avg Days on Market w1 or More Price Changes 112 107 -446

Los Angeles Market Report I August 2011

Downtown LA the birthplace of Los Angeles is home to a bustling business district replete with everything from massive skyscrapers to alleys full of tiny stores and markets to the wholesale produce district It houses cultural centers such as the gorgeous Music Center complex the Disney Concert Hall and the Museum of Contemporary Art Chinatown Little Tokyo and Olvera Street are ethnic communities that are just some of the many and diverse multi-cultural areas that comprise Downtown Los Angeles There are not many single family homes in Downtown Los Angeles so in May 2011 only 5 single family homes were sold with a total dollar sales volume of $776900 The median sale price for the home sales which ranged from $105000 to $265000 was $147000 with the average list price being $153920 The homes that sold were on the market an average of only 20 days and the average sold price to list price ratio is 1009 indicating that on average homes in the area sold above list price

Downtown Los Angeles

Los Angeles Market Report I August 2011

Downtown LA the birthplace of Los Angeles is home to a bustling business district replete with everything from massive skyscrapers to alleys full of tiny stores and markets to the wholesale produce district It houses cultural centers such as the gorgeous Music Center complex the Disney Concert Hall and the Museum of Contemporary Art Chinatown Little Tokyo and Olvera Street are ethnic communities that are just some of the many and diverse multi-cultural areas that comprise Downtown Los Angeles There are not many single family homes in Downtown Los Angeles so in May 2011 only 5 single family homes were sold with a total dollar sales volume of $776900 The median sale price for the home sales which ranged from $105000 to $265000 was $147000 with the average list price being $153920 The homes that sold were on the market an average of only 20 days and the average sold price to list price ratio is 1009 indicating that on average homes in the area sold above list price

Downtown Los Angeles

Downtown Los Angeles

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Downtown (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $142340 $176500 2400

Sold Average Price per Square Foot $124 $148 1935

Properties Sold 10 4 -6000

Properties Pending Sale 8 7 -1250

Properties For Sale 43 36 -1628

Sold Average Days on Market 24 28 1667

Monthrsquos Supply of Inventory 41 37 -976

Percent Under Contract 1860 1940 430

Sold Price Original List Price 9750 8790 -985

Sold Avg Days on Market No Price Change 24 12 -5000

Sold Avg Days on Market w1 or More Price Changes NA 44 NA

Downtown (Condominium) August 2010 August 2011 Percent Change

Sold Median Price $362450 $324500 -060

Sold Average Price per Square Foot $375 $335 -1067

Properties Sold 34 26 -2353

Properties Pending Sale 24 45 8750

Properties For Sale 295 188 -3627

Sold Average Days on Market 59 97 6441

Monthrsquos Supply of Inventory 103 26 -7476

Percent Under Contract 810 2390 19506

Sold Price Original List Price 9770 8910 -880

Sold Avg Days on Market No Price Change 45 35 -2222

Sold Avg Days on Market w1 or More Price Changes 92 169 8370

Los Angeles Market Report I August 2011

Encino is bordered by Tarzana on the west the Sepulveda Dam Recreation Area on the north Sherman Oaks on the east and the Encino Reservoir of the Los Angeles Department of Water and Power on the south The districts boundaries are roughly Mulholland Drive on the south Lindley Avenue on the west Victory Boulevard on the north and the San Diego Freeway on the east[2] Major thoroughfares include Ventura Magnolia and Burbank Boulevards as well as White Oak Avenue Balboa Boulevard Haskell Avenue and Hayvenhurst Avenue Area public primary and secondary schools are operated by the Los Angeles Unified School District

Encino

Los Angeles Market Report I August 2011

Encino is bordered by Tarzana on the west the Sepulveda Dam Recreation Area on the north Sherman Oaks on the east and the Encino Reservoir of the Los Angeles Department of Water and Power on the south The districts boundaries are roughly Mulholland Drive on the south Lindley Avenue on the west Victory Boulevard on the north and the San Diego Freeway on the east[2] Major thoroughfares include Ventura Magnolia and Burbank Boulevards as well as White Oak Avenue Balboa Boulevard Haskell Avenue and Hayvenhurst Avenue Area public primary and secondary schools are operated by the Los Angeles Unified School District

Encino

Encino

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Encino (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $1552500 $1197500 -2287

Sold Average Price per Square Foot $375 $343 -853

Properties Sold 6 4 -3333

Properties Pending Sale 4 7 7500

Properties For Sale 63 79 2540

Sold Average Days on Market 108 62 -4259

Monthrsquos Supply of Inventory 138 90 -3478

Percent Under Contract 630 890 4127

Sold Price Original List Price 9240 8770 -509

Sold Avg Days on Market No Price Change 30 36 2000

Sold Avg Days on Market w1 or More Price Changes 187 88 -5294

Encino (Condominium) August 2010 August 2011 Percent Change

Sold Median Price $240000 $142650 -4056

Sold Average Price per Square Foot $255 $177 -3059

Properties Sold 1 2 10000

Properties Pending Sale 1 1 000

Properties For Sale 15 11 -2667

Sold Average Days on Market 11 16 4545

Monthrsquos Supply of Inventory 130 70 -4615

Percent Under Contract 670 910 3582

Sold Price Original List Price 9840 9090 -762

Sold Avg Days on Market No Price Change NA 16 NA

Sold Avg Days on Market w1 or More Price Changes 11 NA NA

Los Angeles Market Report I August 2011

The Hancock Park area of Los Angeles is a long-established neighborhood with many stately mansions including that of the Mayor of the City of Los Angeles Getty House in the Windsor Square area Enjoying a lengthy and colorful history according to the Windsor Square ndash Hancock Park Historical Society construction of the homes in the Windsor Square and Fremont Place areas began in 1910 and the Hancock Park development started on Rossmore moving west to Highland in 1921 Hancock Park is home to the quaint shopping district known as Larchmont Village The area known as Hancock Park ndash Wilshire is bounded by La Brea Ave on the west Melrose Ave on the north Western Ave on the east and Pico Blvd on the south 18 homes sold in this area in May 2011 out of the 75 homes in total that sold from January through May 2011 From January through May 2011 single family home sales totaled $106904695 up from $91632062 in sales for the same time period in 2010 In May 2011 the list price for a single family home in the Hancock Park ndash Wilshire area averaged $2233161 and the sale price averaged $2117366 With a wide and varied range of property values typical for the area sales of individual homes in May 2011 ranged from $600000 to over ten times that number at $6075000 with the median sale price being $1553250

Hancock Park + Wilshire

Los Angeles Market Report I August 2011

The Hancock Park area of Los Angeles is a long-established neighborhood with many stately mansions including that of the Mayor of the City of Los Angeles Getty House in the Windsor Square area Enjoying a lengthy and colorful history according to the Windsor Square ndash Hancock Park Historical Society construction of the homes in the Windsor Square and Fremont Place areas began in 1910 and the Hancock Park development started on Rossmore moving west to Highland in 1921 Hancock Park is home to the quaint shopping district known as Larchmont Village The area known as Hancock Park ndash Wilshire is bounded by La Brea Ave on the west Melrose Ave on the north Western Ave on the east and Pico Blvd on the south 18 homes sold in this area in May 2011 out of the 75 homes in total that sold from January through May 2011 From January through May 2011 single family home sales totaled $106904695 up from $91632062 in sales for the same time period in 2010 In May 2011 the list price for a single family home in the Hancock Park ndash Wilshire area averaged $2233161 and the sale price averaged $2117366 With a wide and varied range of property values typical for the area sales of individual homes in May 2011 ranged from $600000 to over ten times that number at $6075000 with the median sale price being $1553250

Hancock Park + Wilshire

Hancock Park + Wilshire

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Hancock Park (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $1261750 $950000 -2471

Sold Average Price per Square Foot $485 $470 -309

Properties Sold 22 29 3182

Properties Pending Sale 20 22 1000

Properties For Sale 153 139 -915

Sold Average Days on Market 52 52 000

Monthrsquos Supply of Inventory 58 41 -2931

Percent Under Contract 1310 1580 2061

Sold Price Original List Price 9310 9470 172

Sold Avg Days on Market No Price Change 21 19 -952

Sold Avg Days on Market w1 or More Price Changes 118 92 -2203

Hancock Park (Condominium) August 2010 August 2011 Percent Change

Sold Median Price $299500 $335500 1202

Sold Average Price per Square Foot $299 $349 1672

Properties Sold 10 4 -6000

Properties Pending Sale 3 10 23333

Properties For Sale 106 97 -849

Sold Average Days on Market 64 67 469

Monthrsquos Supply of Inventory 317 68 -7855

Percent Under Contract 280 1030 26786

Sold Price Original List Price 9420 8690 -775

Sold Avg Days on Market No Price Change 49 104 11224

Sold Avg Days on Market w1 or More Price Changes 98 30 -6939

Los Angeles Market Report I August 2011

The Hollywood area is bounded by Fountain Ave and Melrose Ave on the south Vermont Ave on the east Hollywood Blvd and Franklin Ave on the north and Laurel Canyon Blvd on the west Hollywood which is often called the entertainment capital of the world is home to a myriad of movie theaters including the famed Graumans Chinese Theater with its celebrity handprints and footprints legitimate theaters including the Pantages Theater movie and television studios hotels and restaurants Millions of tourists each year walk down Hollywood Blvd to see the stars covering the sidewalks of the famed Hollywood Walk of Fame From January through May 2011 15 single family homes were sold with a median sale price of $450000 and a total dollar sales volume of $7428000 Houses that sold during this time period were on the market an average of 50 days In May 2011 sale prices ranged from$240000 to $949000

Hollywood

Los Angeles Market Report I August 2011

The Hollywood area is bounded by Fountain Ave and Melrose Ave on the south Vermont Ave on the east Hollywood Blvd and Franklin Ave on the north and Laurel Canyon Blvd on the west Hollywood which is often called the entertainment capital of the world is home to a myriad of movie theaters including the famed Graumans Chinese Theater with its celebrity handprints and footprints legitimate theaters including the Pantages Theater movie and television studios hotels and restaurants Millions of tourists each year walk down Hollywood Blvd to see the stars covering the sidewalks of the famed Hollywood Walk of Fame From January through May 2011 15 single family homes were sold with a median sale price of $450000 and a total dollar sales volume of $7428000 Houses that sold during this time period were on the market an average of 50 days In May 2011 sale prices ranged from$240000 to $949000

Hollywood

Hollywood

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Hollywood (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $650000 $781000 2015

Sold Average Price per Square Foot $622 $682 965

Properties Sold 3 1 -6667

Properties Pending Sale 5 3 -4000

Properties For Sale 27 28 370

Sold Average Days on Market 46 54 1739

Monthrsquos Supply of Inventory 42 67 5952

Percent Under Contract 1850 1070 -4216

Sold Price Original List Price 14550 9330 -3588

Sold Avg Days on Market No Price Change 36 54 5000

Sold Avg Days on Market w1 or More Price Changes 65 NA NA

Hollywood (Condominium) August 2010 August 2011 Percent Change

Sold Median Price $480000 $235000 -5104

Sold Average Price per Square Foot $411 $336 -1825

Properties Sold 7 3 -5714

Properties Pending Sale 5 3 -4000

Properties For Sale 79 47 -4051

Sold Average Days on Market 61 41 -3279

Monthrsquos Supply of Inventory 130 87 -3308

Percent Under Contract 630 640 159

Sold Price Original List Price 8830 8140 -781

Sold Avg Days on Market No Price Change 32 30 -625

Sold Avg Days on Market w1 or More Price Changes 132 63 -5227

Los Angeles Market Report I August 2011

The Hollywood Hills East area is bounded on the north by the Los Angeles River on the west by the Hollywood Freeway on the east by Canyon Drive and on the south by Franklin Ave Many homes in the Hollywood Hills East areas offer city and hillside views Roads wind their way up into the hills In May 2011 the average list price for a home was a little over one million dollars at $1004112 and the median sold price was $742500 From January through May 2011 45 homes sold in the area for a total sales volume of $43508165 down from $51450500 for the same period in 2010

Hollywood Hills East

Los Angeles Market Report I August 2011

The Hollywood Hills East area is bounded on the north by the Los Angeles River on the west by the Hollywood Freeway on the east by Canyon Drive and on the south by Franklin Ave Many homes in the Hollywood Hills East areas offer city and hillside views Roads wind their way up into the hills In May 2011 the average list price for a home was a little over one million dollars at $1004112 and the median sold price was $742500 From January through May 2011 45 homes sold in the area for a total sales volume of $43508165 down from $51450500 for the same period in 2010

Hollywood Hills East

Hollywood Hills East

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Hollywood Hills East (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $795000 $897500 1289

Sold Average Price per Square Foot $460 $411 -1065

Properties Sold 5 8 6000

Properties Pending Sale 12 12 000

Properties For Sale 112 78 -3036

Sold Average Days on Market 69 53 -2319

Monthrsquos Supply of Inventory 66 45 -3182

Percent Under Contract 1070 1540 4393

Sold Price Original List Price 9190 8770 -457

Sold Avg Days on Market No Price Change 18 35 9444

Sold Avg Days on Market w1 or More Price Changes 102 72 -2941

Hollywood Hills East (Condominium) August 2010 August 2011 Percent Change

Sold Median Price $304800 $350000 1483

Sold Average Price per Square Foot $260 $277 654

Properties Sold 3 1 -6667

Properties Pending Sale 1 7 60000

Properties For Sale 15 17 1333

Sold Average Days on Market 29 118 30690

Monthrsquos Supply of Inventory 110 11 -9000

Percent Under Contract 670 4120 51493

Sold Price Original List Price 9660 9590 -072

Sold Avg Days on Market No Price Change 26 NA NA

Sold Avg Days on Market w1 or More Price Changes 36 118 22778

Los Angeles Market Report I August 2011

The Los Feliz area bounded by the Los Angeles River on the north Canyon Dr on the west Franklin Ave on the southwest and St George Hyperion and Glendale Avenues on the south east is bordered by the areas of Burbank Glendale Glassell Park Silver Lake - Echo Park Hollywood and Hollywood Hills East Home to everything from Bohemian cafes and eclectic shops to affluent hilly residential neighborhoods to the Griffith Observatory and the Greek Theater Los Feliz enjoys a varied cultural flavor The southern face of Griffith Park borders on Los Feliz giving the area a rich verdant feel The volume of sales in May 2011 totaled $21506000 with 19 homes being sold with a median price of $960000 or $1015000 During that same period homes that sold ranged in price from $265000 to more than ten times that number $2975000 the broad spectrum of pricing giving a hint of the diverse nature of the neighborhoods comprising the Los Feliz area In the period from January through May 2011 the average number of days that a house remained on the market before selling was 47

Los Feliz

Los Angeles Market Report I August 2011

The Los Feliz area bounded by the Los Angeles River on the north Canyon Dr on the west Franklin Ave on the southwest and St George Hyperion and Glendale Avenues on the south east is bordered by the areas of Burbank Glendale Glassell Park Silver Lake - Echo Park Hollywood and Hollywood Hills East Home to everything from Bohemian cafes and eclectic shops to affluent hilly residential neighborhoods to the Griffith Observatory and the Greek Theater Los Feliz enjoys a varied cultural flavor The southern face of Griffith Park borders on Los Feliz giving the area a rich verdant feel The volume of sales in May 2011 totaled $21506000 with 19 homes being sold with a median price of $960000 or $1015000 During that same period homes that sold ranged in price from $265000 to more than ten times that number $2975000 the broad spectrum of pricing giving a hint of the diverse nature of the neighborhoods comprising the Los Feliz area In the period from January through May 2011 the average number of days that a house remained on the market before selling was 47

Los Feliz

Los Feliz

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Los Feliz (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $1042500 $950000 -887

Sold Average Price per Square Foot $496 $459 -746

Properties Sold 12 23 9167

Properties Pending Sale 13 15 1538

Properties For Sale 106 97 -849

Sold Average Days on Market 74 46 -3784

Monthrsquos Supply of Inventory 59 46 -2203

Percent Under Contract 1230 1550 2602

Sold Price Original List Price 8990 9420 478

Sold Avg Days on Market No Price Change 29 32 1034

Sold Avg Days on Market w1 or More Price Changes 137 79 -4234

Los Feliz (Condominium) August 2010 August 2011 Percent Change

Sold Median Price $302500 $281000 -711

Sold Average Price per Square Foot $323 $271 -1610

Properties Sold 2 4 10000

Properties Pending Sale 1 2 10000

Properties For Sale 24 11 -5417

Sold Average Days on Market 62 34 -4516

Monthrsquos Supply of Inventory 200 40 -8000

Percent Under Contract 420 1820 33333

Sold Price Original List Price 9180 9630 490

Sold Avg Days on Market No Price Change NA 11 NA

Sold Avg Days on Market w1 or More Price Changes 62 104 6774

Los Angeles Market Report I August 2011

Malibu is perhaps the premier beach community in the United States Malibu beachfront property is glamorous and highly desired Malibu is an exclusive community minutes from the bustling city of Los Angeles via the famous and breathtaking Pacific Coast Highway Malibu is comprised of 22 miles of beaches and 45000 acres of canyons This makes Malibu a nature lovers paradise Homes in the Malibu housing market range upwards into the millions of dollars In 2011 over the period from January through May the median sale price for a home was $2737500 with the average list price for May 2011 being $3072125 and the average sold price for the same month being quite a bit lower at $2691250 Malibu is served by the Santa Monica-Malibu Unified School District The district operates 22 facilities including 11 elementary schools 4 middle schools and 3 high schools For more information visit the Santa Monica-Malibu Unified School District web page at wwwsmmusdorg

Malibu

Los Angeles Market Report I August 2011

Malibu is perhaps the premier beach community in the United States Malibu beachfront property is glamorous and highly desired Malibu is an exclusive community minutes from the bustling city of Los Angeles via the famous and breathtaking Pacific Coast Highway Malibu is comprised of 22 miles of beaches and 45000 acres of canyons This makes Malibu a nature lovers paradise Homes in the Malibu housing market range upwards into the millions of dollars In 2011 over the period from January through May the median sale price for a home was $2737500 with the average list price for May 2011 being $3072125 and the average sold price for the same month being quite a bit lower at $2691250 Malibu is served by the Santa Monica-Malibu Unified School District The district operates 22 facilities including 11 elementary schools 4 middle schools and 3 high schools For more information visit the Santa Monica-Malibu Unified School District web page at wwwsmmusdorg

Malibu

Malibu

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Malibu (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $2300000 $1640000 -2870

Sold Average Price per Square Foot $547 $512 -640

Properties Sold 7 11 5714

Properties Pending Sale 11 18 6364

Properties For Sale 312 289 -737

Sold Average Days on Market 157 160 191

Monthrsquos Supply of Inventory 253 123 -5138

Percent Under Contract 350 620 7714

Sold Price Original List Price 8150 7900 -307

Sold Avg Days on Market No Price Change 71 57 -1972

Sold Avg Days on Market w1 or More Price Changes 220 182 -1727

Malibu (Condominium) August 2010 August 2011 Percent Change

Sold Median Price $425000 $800000 8824

Sold Average Price per Square Foot $325 $500 5385

Properties Sold 1 1 000

Properties Pending Sale 1 1 000

Properties For Sale 44 31 -2955

Sold Average Days on Market 60 411 58500

Monthrsquos Supply of Inventory 370 230 -3784

Percent Under Contract 230 320 3913

Sold Price Original List Price 8520 6960 -1831

Sold Avg Days on Market No Price Change 60 NA NA

Sold Avg Days on Market w1 or More Price Changes NA 411 NA

Los Angeles Market Report I August 2011

Malibu Beach is perhaps the premier beach community in the United States Malibu Beach beachfront property is glamorous and highly desired Malibu Beach Beach is an exclusive community minutes from the bustling city of Los Angeles via the famous and breathtaking Pacific Coast Highway Malibu Beach is comprised of 22 miles of beaches and 45000 acres of canyons This makes Malibu Beach a nature lovers paradise Homes in the Malibu Beach housing market range upwards into the millions of dollars In 2011 over the period from January through May the median sale price for a home was $6562500 with the average list price for May 2011 being $6761666 and the average sold price for the same month being $6408500 Malibu Beach is served by the Santa Monica-Malibu Unified School District The district operates 22 facilities including 11 elementary schools 4 middle schools and 3 high schools For more information visit the Santa Monica Malibu Unified School District web page at wwwsmmusdorg

Malibu Beach

Los Angeles Market Report I August 2011

Malibu Beach is perhaps the premier beach community in the United States Malibu Beach beachfront property is glamorous and highly desired Malibu Beach Beach is an exclusive community minutes from the bustling city of Los Angeles via the famous and breathtaking Pacific Coast Highway Malibu Beach is comprised of 22 miles of beaches and 45000 acres of canyons This makes Malibu Beach a nature lovers paradise Homes in the Malibu Beach housing market range upwards into the millions of dollars In 2011 over the period from January through May the median sale price for a home was $6562500 with the average list price for May 2011 being $6761666 and the average sold price for the same month being $6408500 Malibu Beach is served by the Santa Monica-Malibu Unified School District The district operates 22 facilities including 11 elementary schools 4 middle schools and 3 high schools For more information visit the Santa Monica Malibu Unified School District web page at wwwsmmusdorg

Malibu Beach

Malibu Beach

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Malibu Beach (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $6095000 $4170000 -3158

Sold Average Price per Square Foot $1306 $1164 -1087

Properties Sold 4 2 -5000

Properties Pending Sale 3 3 000

Properties For Sale 109 118 826

Sold Average Days on Market 152 48 -6842

Monthrsquos Supply of Inventory 313 323 319

Percent Under Contract 280 250 -1071

Sold Price Original List Price 7910 9160 1580

Sold Avg Days on Market No Price Change 102 67 -3431

Sold Avg Days on Market w1 or More Price Changes 202 30 -8515

Malibu Beach (Condominium) August 2010 August 2011 Percent Change

Sold Median Price NA $1652500 NA

Sold Average Price per Square Foot NA $1385 NA

Properties Sold 0 2 NA

Properties Pending Sale 0 3 NA

Properties For Sale 29 25 -1379

Sold Average Days on Market NA 65 NA

Monthrsquos Supply of Inventory 0 57 NA

Percent Under Contract NA 1200 NA

Sold Price Original List Price NA 7700 NA

Sold Avg Days on Market No Price Change NA 28 NA

Sold Avg Days on Market w1 or More Price Changes NA NA NA

Los Angeles Market Report I August 2011

Marina Del Rey is an upscale community near the magnificent California beaches The area is home to the worlds largest small craft harbor Marina Del Rey is known for beaches dining and some of the best oceanfront in California This is all in addition to the fact that it is located only fifteen minutes from the Los Angeles Airport also known colloquially as LAX In May 2011 homes in the Marina Del Rey real estate market had an average list price of $1350580 and an average sold price of $1196800 The median sold price in the month of May 2011 was $990000 in contrast to $1700000 in May 2010 the year before Over the entire period from January through May 2011 the median sale price was $1150000 which was significantly lower than the $1550000 median sale price over the same period in 2010 Marina Del Rey is linked to its sister city Playa Del Rey by a pedestrian bridge These seaside communities offer all amenities within walking distance Residents claim to need little more than a boat for transportation

Marina del Rey

Los Angeles Market Report I August 2011

Marina Del Rey is an upscale community near the magnificent California beaches The area is home to the worlds largest small craft harbor Marina Del Rey is known for beaches dining and some of the best oceanfront in California This is all in addition to the fact that it is located only fifteen minutes from the Los Angeles Airport also known colloquially as LAX In May 2011 homes in the Marina Del Rey real estate market had an average list price of $1350580 and an average sold price of $1196800 The median sold price in the month of May 2011 was $990000 in contrast to $1700000 in May 2010 the year before Over the entire period from January through May 2011 the median sale price was $1150000 which was significantly lower than the $1550000 median sale price over the same period in 2010 Marina Del Rey is linked to its sister city Playa Del Rey by a pedestrian bridge These seaside communities offer all amenities within walking distance Residents claim to need little more than a boat for transportation

Marina del Rey

Marina del Rey

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Marina del Rey (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $650000 $1625000 15000

Sold Average Price per Square Foot $781 $636 -1857

Properties Sold 1 2 10000

Properties Pending Sale 3 3 000

Properties For Sale 37 40 811

Sold Average Days on Market 126 108 -1429

Monthrsquos Supply of Inventory 97 100 309

Percent Under Contract 810 750 -741

Sold Price Original List Price 9300 8690 -656

Sold Avg Days on Market No Price Change NA NA NA

Sold Avg Days on Market w1 or More Price Changes 126 108 -1429

Marina del Rey (Condominium) August 2010 August 2011 Percent Change

Sold Median Price $560000 $631000 1268

Sold Average Price per Square Foot $380 $560 4737

Properties Sold 21 22 476

Properties Pending Sale 33 22 -3333

Properties For Sale 246 210 -1463

Sold Average Days on Market 83 87 482

Monthrsquos Supply of Inventory 59 65 1017

Percent Under Contract 1340 1050 -2164

Sold Price Original List Price 9290 10220 1001

Sold Avg Days on Market No Price Change 42 46 952

Sold Avg Days on Market w1 or More Price Changes 138 146 580

Los Angeles Market Report I August 2011

The Mid Los Angeles area lies just west of Downtown LA south of the Beverly Center ndash Miracle Mile Hancock Park ndash Wilshire and Mid Wilshire areas north of the Park Hills Heights and Los Angeles Southwest areas and east of the Beverlywood and Culver City areas It is bordered by Pico Blvd on the north Hoover St on the east Jefferson Blvd on the south and Fairfax Ave on the west The median price for the 74 homes that sold between January and May 2011 was $297000 down from the $315000 median price over the same period in 2010 Sales volume for the January through May 2011 period totaled $24663478 also down from $30506199 for the same period in 2010 Median sale price for May 2011 was $301500 or $299000 up from $271000 in April 2011 and fromand down from $300000 in May 2010

Mid Los Angeles

Los Angeles Market Report I August 2011

The Mid Los Angeles area lies just west of Downtown LA south of the Beverly Center ndash Miracle Mile Hancock Park ndash Wilshire and Mid Wilshire areas north of the Park Hills Heights and Los Angeles Southwest areas and east of the Beverlywood and Culver City areas It is bordered by Pico Blvd on the north Hoover St on the east Jefferson Blvd on the south and Fairfax Ave on the west The median price for the 74 homes that sold between January and May 2011 was $297000 down from the $315000 median price over the same period in 2010 Sales volume for the January through May 2011 period totaled $24663478 also down from $30506199 for the same period in 2010 Median sale price for May 2011 was $301500 or $299000 up from $271000 in April 2011 and fromand down from $300000 in May 2010

Mid Los Angeles

Mid Los Angeles

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Mid LA (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $324000 $300000 -741

Sold Average Price per Square Foot $225 $190 -1556

Properties Sold 11 22 10000

Properties Pending Sale 14 22 5714

Properties For Sale 146 100 -3151

Sold Average Days on Market 50 60 2000

Monthrsquos Supply of Inventory 84 30 -6429

Percent Under Contract 960 2200 12917

Sold Price Original List Price 9540 9140 -419

Sold Avg Days on Market No Price Change 27 40 4815

Sold Avg Days on Market w1 or More Price Changes 152 89 -4145

Mid LA (Condominium) August 2010 August 2011 Percent Change

Sold Median Price NA $180000 NA

Sold Average Price per Square Foot NA $163 NA

Properties Sold 0 2 NA

Properties Pending Sale 0 1 NA

Properties For Sale 7 5 -2857

Sold Average Days on Market NA 20 NA

Monthrsquos Supply of Inventory 0 30 NA

Percent Under Contract NA 2000 NA

Sold Price Original List Price NA 8570 NA

Sold Avg Days on Market No Price Change NA 34 NA

Sold Avg Days on Market w1 or More Price Changes NA 6 NA

Los Angeles Market Report I August 2011

The area known as Mid-Wilshire is bounded by Pico Blvd on the south by Hoover St on the east by Melrose Ave and the Hollywood Freeway On the north and by Western Ave on the west It shares its boundaries with Hancock Park-Wilshire Hollywood Silver Lake Echo Park Downtown LA and Mid Los Angeles In May 2011 2 single family homes were sold in the Mid-Wilshire area out of the 17 homes that sold during the period from January through May Sales volume over the same January through May 2011 period totaled $8135750 up significantly from $5403000 over the same period in 2010

Mid Wilshire

Los Angeles Market Report I August 2011

The area known as Mid-Wilshire is bounded by Pico Blvd on the south by Hoover St on the east by Melrose Ave and the Hollywood Freeway On the north and by Western Ave on the west It shares its boundaries with Hancock Park-Wilshire Hollywood Silver Lake Echo Park Downtown LA and Mid Los Angeles In May 2011 2 single family homes were sold in the Mid-Wilshire area out of the 17 homes that sold during the period from January through May Sales volume over the same January through May 2011 period totaled $8135750 up significantly from $5403000 over the same period in 2010

Mid Wilshire

Mid Wilshire

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Mid Wilshire (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $467500 $495000 588

Sold Average Price per Square Foot $239 $207 -1339

Properties Sold 4 5 2500

Properties Pending Sale 3 7 13333

Properties For Sale 43 20 -5349

Sold Average Days on Market 30 47 5667

Monthrsquos Supply of Inventory 110 19 -8273

Percent Under Contract 700 3500 40000

Sold Price Original List Price 9220 9570 380

Sold Avg Days on Market No Price Change 9 12 3333

Sold Avg Days on Market w1 or More Price Changes 91 70 -2308

Mid Wilshire (Condominium) August 2010 August 2011 Percent Change

Sold Median Price $365000 $290000 -2055

Sold Average Price per Square Foot $274 $253 -766

Properties Sold 21 11 -4762

Properties Pending Sale 13 21 6154

Properties For Sale 167 120 -2814

Sold Average Days on Market 68 59 -1324

Monthrsquos Supply of Inventory 113 31 -7257

Percent Under Contract 780 1750 12436

Sold Price Original List Price 9620 9430 -198

Sold Avg Days on Market No Price Change 46 37 -1957

Sold Avg Days on Market w1 or More Price Changes 195 98 -4974

Los Angeles Market Report I August 2011

North Hollywood is the birthplace of California statehood In January of 1847 Lt John C Fremont of the United States and General Andres Pico of Mexico met at the Camp de Cahuenga now a historical monument across Lankershim Blvd and signed the treaty to end the war between their two countries The NoHo Arts District is growing rapidly With a new North Hollywood police station and plans for much more growth development and expansion including $531 million for the CRA project a LANI project and the downtown Academy project to name just a few Development is under way at the Robinsonrsquos-May Valley Plaza regional shopping center and Campo de Cahuenga Historical Educational Center Business and theatre owners in the Universal CityNorth Hollywood Chamber of Commerce formed the idea of establishing a theatre and arts district in 1992 with support from LA Department of Cultural Affairs They chose ―NoHo as it not only reveals its location but also plays off the well-known ―SoHo Arts District of New York City

Central to the new NoHo Arts District located near Valley Village in North Hollywood are contemporary theaters art galleries cafes and shops The area features more than 20 professional theatres producing new work and classics diverse art galleries public art and professional dance studios The district also features the largest concentration of music recording venues west of the Mississippi

North Hollywood

Los Angeles Market Report I August 2011

North Hollywood is the birthplace of California statehood In January of 1847 Lt John C Fremont of the United States and General Andres Pico of Mexico met at the Camp de Cahuenga now a historical monument across Lankershim Blvd and signed the treaty to end the war between their two countries The NoHo Arts District is growing rapidly With a new North Hollywood police station and plans for much more growth development and expansion including $531 million for the CRA project a LANI project and the downtown Academy project to name just a few Development is under way at the Robinsonrsquos-May Valley Plaza regional shopping center and Campo de Cahuenga Historical Educational Center Business and theatre owners in the Universal CityNorth Hollywood Chamber of Commerce formed the idea of establishing a theatre and arts district in 1992 with support from LA Department of Cultural Affairs They chose ―NoHo as it not only reveals its location but also plays off the well-known ―SoHo Arts District of New York City

Central to the new NoHo Arts District located near Valley Village in North Hollywood are contemporary theaters art galleries cafes and shops The area features more than 20 professional theatres producing new work and classics diverse art galleries public art and professional dance studios The district also features the largest concentration of music recording venues west of the Mississippi

North Hollywood

North Hollywood

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

North Hollywood (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $360000 $295000 -1806

Sold Average Price per Square Foot $232 $233 043

Properties Sold 7 2 -7143

Properties Pending Sale 6 7 1667

Properties For Sale 51 31 -3922

Sold Average Days on Market 89 34 -6180

Monthrsquos Supply of Inventory 68 31 -5441

Percent Under Contract 1180 2260 9153

Sold Price Original List Price 9560 9700 146

Sold Avg Days on Market No Price Change 141 5 -9645

Sold Avg Days on Market w1 or More Price Changes 51 63 2353

North Hollywood (Condominium) August 2010 August 2011 Percent Change

Sold Median Price $350000 $362000 343

Sold Average Price per Square Foot $243 $259 658

Properties Sold 5 2 -6000

Properties Pending Sale 4 2 -5000

Properties For Sale 29 25 -1379

Sold Average Days on Market 20 88 34000

Monthrsquos Supply of Inventory 52 115 12115

Percent Under Contract 1380 800 -4203

Sold Price Original List Price 9750 9680 -072

Sold Avg Days on Market No Price Change 9 88 87778

Sold Avg Days on Market w1 or More Price Changes 38 NA NA

Los Angeles Market Report I August 2011

Flanked by the Santa Monica mountain range and bordered by the Pacific Ocean this paradise is the ideal location for the discriminating home buyer For the period from January through May 2011 the median price of the 92 homes sold was $1703750 and dollar sales volume totaled a whopping $196901025 Over the same period in 2010 the median price was $1866250 and the total dollar sales volume was $224835292 The average list price during the month of May 2011 for a home in what is commonly known as the Palisades was $1993408 and the average selling price was just slightly lower at $1928129 In contrast the median sold price for the same month of May 2011 was $1627500 Pacific Palisades lies between the beach communities of Malibu and Santa Monica Homeowners in Pacific Palisades enjoy a small town atmosphere that is prevalent in the community Very family-oriented this city is known for several popular family events The Pacific Palisades area is known for the quality of its public and private schools A sample of schools to be found in the area is listed below according to zip code

Pacific Palisades

Los Angeles Market Report I August 2011

Flanked by the Santa Monica mountain range and bordered by the Pacific Ocean this paradise is the ideal location for the discriminating home buyer For the period from January through May 2011 the median price of the 92 homes sold was $1703750 and dollar sales volume totaled a whopping $196901025 Over the same period in 2010 the median price was $1866250 and the total dollar sales volume was $224835292 The average list price during the month of May 2011 for a home in what is commonly known as the Palisades was $1993408 and the average selling price was just slightly lower at $1928129 In contrast the median sold price for the same month of May 2011 was $1627500 Pacific Palisades lies between the beach communities of Malibu and Santa Monica Homeowners in Pacific Palisades enjoy a small town atmosphere that is prevalent in the community Very family-oriented this city is known for several popular family events The Pacific Palisades area is known for the quality of its public and private schools A sample of schools to be found in the area is listed below according to zip code

Pacific Palisades

Pacific Palisades

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Pacific Palisades (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $2275000 $1690000 -2571

Sold Average Price per Square Foot $666 $642 -360

Properties Sold 18 27 5000

Properties Pending Sale 21 18 -1429

Properties For Sale 210 176 -1619

Sold Average Days on Market 72 44 -3889

Monthrsquos Supply of Inventory 83 74 -1084

Percent Under Contract 1000 1020 200

Sold Price Original List Price 8980 9420 490

Sold Avg Days on Market No Price Change 44 24 -4545

Sold Avg Days on Market w1 or More Price Changes 129 92 -2868

Pacific Palisades (Condominium) August 2010 August 2011 Percent Change

Sold Median Price NA $575000 NA

Sold Average Price per Square Foot NA $372 NA

Properties Sold 0 6 NA

Properties Pending Sale 1 5 40000

Properties For Sale 38 45 1842

Sold Average Days on Market NA 174 NA

Monthrsquos Supply of Inventory 340 66 -8059

Percent Under Contract 260 1111 32692

Sold Price Original List Price NA 8800 NA

Sold Avg Days on Market No Price Change NA 102 NA

Sold Avg Days on Market w1 or More Price Changes NA 210 NA

Los Angeles Market Report I August 2011

Palms - Mar Vista is the hub of West Los Angeles Located south of Santa Monica and north of Culver City it is minutes from the ocean and close to the campus of UCLA In May 2011 the average list price of a single family home in the area was $797169 and the average sale price was $782987 in contrast to the median sale price of $719000 Homes sold ranged in price from $450000 to $1685000 Palms - Mar Vista is served by the Los Angeles Unified School District

Palms + Mar Vista

Los Angeles Market Report I August 2011

Palms - Mar Vista is the hub of West Los Angeles Located south of Santa Monica and north of Culver City it is minutes from the ocean and close to the campus of UCLA In May 2011 the average list price of a single family home in the area was $797169 and the average sale price was $782987 in contrast to the median sale price of $719000 Homes sold ranged in price from $450000 to $1685000 Palms - Mar Vista is served by the Los Angeles Unified School District

Palms + Mar Vista

Palms + Mar Vista

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Palms ndash Mar Vista (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $740000 $712500 -372

Sold Average Price per Square Foot $424 $481 1344

Properties Sold 17 36 11176

Properties Pending Sale 20 33 6500

Properties For Sale 153 142 -719

Sold Average Days on Market 33 52 5758

Monthrsquos Supply of Inventory 60 28 -5333

Percent Under Contract 1310 2320 7710

Sold Price Original List Price 9730 9230 -514

Sold Avg Days on Market No Price Change 20 13 -3500

Sold Avg Days on Market w1 or More Price Changes 76 95 2500

Palms + Mar Vista (Condominium) August 2010 August 2011 Percent Change

Sold Median Price $445500 $369000 -1717

Sold Average Price per Square Foot $320 $317 -094

Properties Sold 2 9 35000

Properties Pending Sale 5 8 6000

Properties For Sale 56 54 -357

Sold Average Days on Market 20 33 6500

Monthrsquos Supply of Inventory 98 44 -5510

Percent Under Contract 890 1480 6629

Sold Price Original List Price 9810 9900 092

Sold Avg Days on Market No Price Change 11 17 5455

Sold Avg Days on Market w1 or More Price Changes 28 90 22143

Los Angeles Market Report I August 2011

Located near the magnificent California beaches Playa del Rey was once inhabited by the Gabrielino Indians Playa del Rey is well known for beachfront dining and some of the best oceanfront views in California This is all in addition to the fact that it is located only fifteen minutes from LAX Linked to its sister city Marina Del Rey by a pedestrian bridge this seaside community offers all its amenities within walking distance Your own means of transportation is entirely optional in this community

Playa del Rey

Los Angeles Market Report I August 2011

Located near the magnificent California beaches Playa del Rey was once inhabited by the Gabrielino Indians Playa del Rey is well known for beachfront dining and some of the best oceanfront views in California This is all in addition to the fact that it is located only fifteen minutes from LAX Linked to its sister city Marina Del Rey by a pedestrian bridge this seaside community offers all its amenities within walking distance Your own means of transportation is entirely optional in this community

Playa del Rey

Playa del Rey

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Playa del Rey (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $1026000 NA NA

Sold Average Price per Square Foot $374 NA NA

Properties Sold 3 0 NA

Properties Pending Sale 3 4 3333

Properties For Sale 33 26 -2121

Sold Average Days on Market 127 NA NA

Monthrsquos Supply of Inventory 97 45 -5361

Percent Under Contract 910 1540 6923

Sold Price Original List Price 9260 NA NA

Sold Avg Days on Market No Price Change 12 NA NA

Sold Avg Days on Market w1 or More Price Changes 184 NA NA

Playa del Rey (Condominium) August 2010 August 2011 Percent Change

Sold Median Price $465000 $349000 -2495

Sold Average Price per Square Foot $345 $353 232

Properties Sold 6 9 5000

Properties Pending Sale 6 5 -1667

Properties For Sale 55 59 727

Sold Average Days on Market 46 40 -1304

Monthrsquos Supply of Inventory 73 92 2603

Percent Under Contract 1090 850 -2202

Sold Price Original List Price 9600 9230 -385

Sold Avg Days on Market No Price Change 9 24 16667

Sold Avg Days on Market w1 or More Price Changes 64 48 -2500

Los Angeles Market Report I August 2011

Housing in Playa Vista the first new community to be established on the Westside of Los Angeles in fifty years is comprised primarily of condominiums but there are also a number of single family homes The area lies below the bluffs of Westchester adjacent to Playa Del Rey Marina Del Rey and on its easternmost border to Culver City Median sale price for single family homes during the period from January through May 2011 was $1975500 down from $2015300 for the same period in 2010 Because condominiums are the predominant form of housing in Playa Vista only 1 single family home sold during the month of May 2011 and only 2 in total sold for the period from January through May 2011

Playa Vista

Los Angeles Market Report I August 2011

Housing in Playa Vista the first new community to be established on the Westside of Los Angeles in fifty years is comprised primarily of condominiums but there are also a number of single family homes The area lies below the bluffs of Westchester adjacent to Playa Del Rey Marina Del Rey and on its easternmost border to Culver City Median sale price for single family homes during the period from January through May 2011 was $1975500 down from $2015300 for the same period in 2010 Because condominiums are the predominant form of housing in Playa Vista only 1 single family home sold during the month of May 2011 and only 2 in total sold for the period from January through May 2011

Playa Vista

Playa Vista

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Playa Vista (Single Family) August 2010 August 2011 Percent Change

Sold Median Price NA $943750 NA

Sold Average Price per Square Foot NA $327 NA

Properties Sold NA 2 NA

Properties Pending Sale NA 1 NA

Properties For Sale 8 4 -5000

Sold Average Days on Market NA 53 NA

Monthrsquos Supply of Inventory NA 2 NA

Percent Under Contract NA 2500 NA

Sold Price Original List Price NA 8510 NA

Sold Avg Days on Market No Price Change NA 58 NA

Sold Avg Days on Market w1 or More Price Changes NA 48 NA

Playa Vista (Condominium) August 2010 August 2011 Percent Change

Sold Median Price $577000 $510000 -1161

Sold Average Price per Square Foot $330 $358 848

Properties Sold 4 3 -2500

Properties Pending Sale 5 5 000

Properties For Sale 42 28 -3333

Sold Average Days on Market 56 64 1429

Monthrsquos Supply of Inventory 66 36 -4545

Percent Under Contract 1190 1790 5042

Sold Price Original List Price 9860 9910 051

Sold Avg Days on Market No Price Change 56 26 -5357

Sold Avg Days on Market w1 or More Price Changes NA 84 NA

Los Angeles Market Report I August 2011

Charming Santa Monica is the premier beach community in the Los Angeles area Known for its ocean pier and art community Santa Monica real estate is highly desired The area has a reputation as being quiet and restful with less smog and traffic making it a desirable location for those seeking an outdoor lifestyle The city has 23 parks and 2 swimming pool facilities In the highly-competitive Santa Monica real estate market homes for sale are hot commodities For the period from January through May 2011 the median sale price was $1385000 down significantly from $1638000 over the same period in 2010 In May 2011 the median sale price was $1589375 or $1623750 and the average list price was $2541041 compared to the average selling price of $2442937 Santa Monica has an estimated population of 89736 according to the 2010 census The city is served by the Santa Monica-Malibu Unified School District The district operates 22 facilities including 11 elementary schools 4 middle schools and 3 high schools For more information visit the Santa Monica-Malibu Unified School District web page at wwwsmmusdorg

Santa Monica

Los Angeles Market Report I August 2011

Charming Santa Monica is the premier beach community in the Los Angeles area Known for its ocean pier and art community Santa Monica real estate is highly desired The area has a reputation as being quiet and restful with less smog and traffic making it a desirable location for those seeking an outdoor lifestyle The city has 23 parks and 2 swimming pool facilities In the highly-competitive Santa Monica real estate market homes for sale are hot commodities For the period from January through May 2011 the median sale price was $1385000 down significantly from $1638000 over the same period in 2010 In May 2011 the median sale price was $1589375 or $1623750 and the average list price was $2541041 compared to the average selling price of $2442937 Santa Monica has an estimated population of 89736 according to the 2010 census The city is served by the Santa Monica-Malibu Unified School District The district operates 22 facilities including 11 elementary schools 4 middle schools and 3 high schools For more information visit the Santa Monica-Malibu Unified School District web page at wwwsmmusdorg

Santa Monica

Santa Monica

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Santa Monica (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $2228000 $1280000 -4255

Sold Average Price per Square Foot $792 $694 -1237

Properties Sold 21 22 476

Properties Pending Sale 18 19 556

Properties For Sale 166 127 -2349

Sold Average Days on Market 53 54 189

Monthrsquos Supply of Inventory 72 47 -3472

Percent Under Contract 1080 1500 3889

Sold Price Original List Price 9330 9310 -021

Sold Avg Days on Market No Price Change 22 39 7727

Sold Avg Days on Market w1 or More Price Changes 115 76 -3391

Santa Monica (Condominium) August 2010 August 2011 Percent Change

Sold Median Price $657500 $524000 -2030

Sold Average Price per Square Foot $548 $502 -839

Properties Sold 25 28 1200

Properties Pending Sale 26 24 -769

Properties For Sale 296 197 -3345

Sold Average Days on Market 40 122 20500

Monthrsquos Supply of Inventory 90 58 -3556

Percent Under Contract 880 1220 3864

Sold Price Original List Price 9730 8600 -1161

Sold Avg Days on Market No Price Change 25 30 2000

Sold Avg Days on Market w1 or More Price Changes 74 213 18784

Los Angeles Market Report I August 2011

Sherman Oaks is an affluent 81-square-mile district in the San Fernando Valley area of Los Angeles In contrast to much of the Valley the area is relatively urbanized with commercial skyscrapers along Ventura Boulevard as well as scattered throughout In addition residential densities are highly mixed with apartment and condominium neighborhoods alongside single-story residential ones The area is a local hub for regional transportation business and shopping The neighborhood is roughly bounded by Studio City to the east Van Nuys to the north Encino to the west Bel Air and Beverly Hills Post Office to the south

Sherman Oaks primary and secondary public schools are part of the Los Angeles Unified School District

Sherman Oaks

Los Angeles Market Report I August 2011

Sherman Oaks is an affluent 81-square-mile district in the San Fernando Valley area of Los Angeles In contrast to much of the Valley the area is relatively urbanized with commercial skyscrapers along Ventura Boulevard as well as scattered throughout In addition residential densities are highly mixed with apartment and condominium neighborhoods alongside single-story residential ones The area is a local hub for regional transportation business and shopping The neighborhood is roughly bounded by Studio City to the east Van Nuys to the north Encino to the west Bel Air and Beverly Hills Post Office to the south

Sherman Oaks primary and secondary public schools are part of the Los Angeles Unified School District

Sherman Oaks

Sherman Oaks

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Sherman Oaks (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $644500 $894000 3871

Sold Average Price per Square Foot $398 $385 -327

Properties Sold 8 16 10000

Properties Pending Sale 12 16 3333

Properties For Sale 125 79 -3680

Sold Average Days on Market 37 49 3243

Monthrsquos Supply of Inventory 85 32 -6235

Percent Under Contract 960 2030 11146

Sold Price Original List Price 9820 8710 -1130

Sold Avg Days on Market No Price Change 23 20 -1304

Sold Avg Days on Market w1 or More Price Changes 59 72 2203

Sherman Oaks (Condominium) August 2010 August 2011 Percent Change

Sold Median Price $390000 $270000 -3077

Sold Average Price per Square Foot $291 $222 -2371

Properties Sold 5 5 000

Properties Pending Sale 5 6 2000

Properties For Sale 36 36 000

Sold Average Days on Market 69 88 2754

Monthrsquos Supply of Inventory 58 37 -3621

Percent Under Contract 1390 1670 2014

Sold Price Original List Price 9740 8890 -873

Sold Avg Days on Market No Price Change 129 41 -6822

Sold Avg Days on Market w1 or More Price Changes 30 119 29667

Los Angeles Market Report I August 2011

This is one of the oldest sections of the city with an energetic mix of gay and Latino cultures reflected in the eclectic shops along Sunset Blvd just east of where Santa Monica Blvd terminates at Sunset

There is certainly nothing cookie-cutter about Silver Lake CA mdash itrsquos as diverse as the people living in it Silver Lake is home to many artists writers and musicians like Beck and the late Elliot Smith just to name a few

Thanks to its neighborhood feel Silver Lake is the perfect area for young people looking for an eclectic spot diverse families seeking out good schools and a community vibe and gay couples who were some of the first to gentrify the area

Silver Lake is continually growing mdash with an ever-increasing mix of stylish boutiques restaurants bars coffee shops and everything in-between But itrsquos managed to hold on to its unique charm

Silverlake + Echo Park

Los Angeles Market Report I August 2011

This is one of the oldest sections of the city with an energetic mix of gay and Latino cultures reflected in the eclectic shops along Sunset Blvd just east of where Santa Monica Blvd terminates at Sunset

There is certainly nothing cookie-cutter about Silver Lake CA mdash itrsquos as diverse as the people living in it Silver Lake is home to many artists writers and musicians like Beck and the late Elliot Smith just to name a few

Thanks to its neighborhood feel Silver Lake is the perfect area for young people looking for an eclectic spot diverse families seeking out good schools and a community vibe and gay couples who were some of the first to gentrify the area

Silver Lake is continually growing mdash with an ever-increasing mix of stylish boutiques restaurants bars coffee shops and everything in-between But itrsquos managed to hold on to its unique charm

Silverlake + Echo Park

Silverlake + Echo Park

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Silverlake + Echo Park (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $600000 $674000 1233

Sold Average Price per Square Foot $391 $423 818

Properties Sold 11 15 3636

Properties Pending Sale 15 21 4000

Properties For Sale 100 97 -300

Sold Average Days on Market 20 45 12500

Monthrsquos Supply of Inventory 49 30 -3878

Percent Under Contract 1500 2160 4400

Sold Price Original List Price 9810 9440 -377

Sold Avg Days on Market No Price Change 19 18 -526

Sold Avg Days on Market w1 or More Price Changes 26 85 22692

Silverlake + Echo Park (Condominium) August 2010 August 2011 Percent Change

Sold Median Price $480000 $360000 -2500

Sold Average Price per Square Foot $364 $281 -2280

Properties Sold 5 3 -4000

Properties Pending Sale 2 5 15000

Properties For Sale 18 24 3333

Sold Average Days on Market 47 71 5106

Monthrsquos Supply of Inventory 55 24 -5636

Percent Under Contract 1110 2080 8739

Sold Price Original List Price 9560 9390 -178

Sold Avg Days on Market No Price Change 32 41 2813

Sold Avg Days on Market w1 or More Price Changes 58 130 12414

Los Angeles Market Report I August 2011

Once the home of the Motion Picture industry it is now an up and coming area for hipsters looking to escape the crowds of Hollywood You can find nice restaurants bars and excellent shopping The Studio City Recreation Center (also known as Beeman Park) is in Studio City It has an auditorium barbecue pits a lighted baseball diamond lighted outdoor basketball courts a childrenrsquos play area picnic tables unlighted tennis courts and many programs and classes including the second-largest youth baseball program in the public parks Moorpark Park an unstaffed pocket park in Studio City has a childrenrsquos play area and picnic tables Woodbridge Park on the eastern border of Studio City with a children and toddlerrsquos play area Wilacre Park an unstaffed park is in Studio City In addition Studio City has the Studio City Mini-Park an unstaffed pocket park

Studio City

Los Angeles Market Report I August 2011

Once the home of the Motion Picture industry it is now an up and coming area for hipsters looking to escape the crowds of Hollywood You can find nice restaurants bars and excellent shopping The Studio City Recreation Center (also known as Beeman Park) is in Studio City It has an auditorium barbecue pits a lighted baseball diamond lighted outdoor basketball courts a childrenrsquos play area picnic tables unlighted tennis courts and many programs and classes including the second-largest youth baseball program in the public parks Moorpark Park an unstaffed pocket park in Studio City has a childrenrsquos play area and picnic tables Woodbridge Park on the eastern border of Studio City with a children and toddlerrsquos play area Wilacre Park an unstaffed park is in Studio City In addition Studio City has the Studio City Mini-Park an unstaffed pocket park

Studio City

Studio City

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Studio City (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $847500 $1012500 1947

Sold Average Price per Square Foot $387 $609 5736

Properties Sold 6 6 000

Properties Pending Sale 8 8 000

Properties For Sale 83 64 -2289

Sold Average Days on Market 111 45 -5946

Monthrsquos Supply of Inventory 84 60 -2857

Percent Under Contract 960 1250 3021

Sold Price Original List Price 8600 9440 977

Sold Avg Days on Market No Price Change 56 34 -3929

Sold Avg Days on Market w1 or More Price Changes 139 66 -5252

Studio City (Condominium) August 2010 August 2011 Percent Change

Sold Median Price $510000 $341000 -3314

Sold Average Price per Square Foot $308 $276 -1039

Properties Sold 3 3 000

Properties Pending Sale 7 5 -2857

Properties For Sale 52 31 -4038

Sold Average Days on Market 43 9 -7907

Monthrsquos Supply of Inventory 61 40 -3443

Percent Under Contract 1350 1610 1926

Sold Price Original List Price 10030 9320 -708

Sold Avg Days on Market No Price Change 43 2 -9535

Sold Avg Days on Market w1 or More Price Changes NA 24 NA

Los Angeles Market Report I August 2011

The Sunset Strip - Hollywood Hills West area is perhaps the most famous neighborhood in Los Angeles Home to both active nightlife and lovely residential neighborhoods the Sunset Strip - Hollywood Hills West area evokes the old glamour of Hollywood A home to art deco hotels and celebrity hangouts all the amenities are close at hand Over the period from January through May 2011 the median sale price was $1207500 and the sales volume for this area was a huge $221617300 up just slightly from $220543821 in 2010 Considered part of the arty West Hollywood area the home buyer will find unique and historical architecture and beautiful houses The zip code that serves the area is 90046 The area is served by the Los Angeles Unified School District Some of the schools that serve Sunset Strip are Wonderland Gifted Gardner Elementary and Fairfax Magnet

Sunset Strip + Hollywood Hills West

Los Angeles Market Report I August 2011

The Sunset Strip - Hollywood Hills West area is perhaps the most famous neighborhood in Los Angeles Home to both active nightlife and lovely residential neighborhoods the Sunset Strip - Hollywood Hills West area evokes the old glamour of Hollywood A home to art deco hotels and celebrity hangouts all the amenities are close at hand Over the period from January through May 2011 the median sale price was $1207500 and the sales volume for this area was a huge $221617300 up just slightly from $220543821 in 2010 Considered part of the arty West Hollywood area the home buyer will find unique and historical architecture and beautiful houses The zip code that serves the area is 90046 The area is served by the Los Angeles Unified School District Some of the schools that serve Sunset Strip are Wonderland Gifted Gardner Elementary and Fairfax Magnet

Sunset Strip + Hollywood Hills West

Sunset Strip + Hollywood Hills West

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Sunset Strip HH West (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $1017500 $1165000 1450

Sold Average Price per Square Foot $671 $665 -089

Properties Sold 24 25 417

Properties Pending Sale 25 38 5200

Properties For Sale 396 287 -2753

Sold Average Days on Market 79 94 1899

Monthrsquos Supply of Inventory 135 54 -6000

Percent Under Contract 630 1320 10952

Sold Price Original List Price 8360 8800 526

Sold Avg Days on Market No Price Change 44 47 682

Sold Avg Days on Market w1 or More Price Changes 120 155 2917

Sunset Strip HH West (Condominium) August 2010 August 2011 Percent Change

Sold Median Price $750000 $335000 -5533

Sold Average Price per Square Foot $567 $658 1605

Properties Sold 5 9 8000

Properties Pending Sale 8 7 -1250

Properties For Sale 74 45 -3919

Sold Average Days on Market 52 73 4038

Monthrsquos Supply of Inventory 68 49 -2794

Percent Under Contract 1080 1560 4444

Sold Price Original List Price 8150 8690 663

Sold Avg Days on Market No Price Change 52 19 -6346

Sold Avg Days on Market w1 or More Price Changes 50 115 13000

Los Angeles Market Report I August 2011

Tarzana is a district in the San Fernando Valley region of Los Angeles The neighborhood is located on the site of a former ranch owned by author Edgar Rice Burroughs who named it Tarzana after his jungle hero character Tarzan Tarzana is surrounded by Reseda to the north Woodland Hills to the west Encino to the east and the Santa Monica Mountains (also a part of Los Angeles) to the south

Most of Tarzanas inhabitants live in the foothills of the Santa Monica Mountains south of Ventura Boulevard South of Ventura Boulevard also contains two golf courses El Caballero Country Club and Braemar Country Club

North of the Ventura Boulevard where a smaller portion of the population lives there are fewer houses and more apartment buildings Tarzana extends north to Victory Boulevard encompassing a wide swath of medium-density housing

Tarzana

Los Angeles Market Report I August 2011

Tarzana is a district in the San Fernando Valley region of Los Angeles The neighborhood is located on the site of a former ranch owned by author Edgar Rice Burroughs who named it Tarzana after his jungle hero character Tarzan Tarzana is surrounded by Reseda to the north Woodland Hills to the west Encino to the east and the Santa Monica Mountains (also a part of Los Angeles) to the south

Most of Tarzanas inhabitants live in the foothills of the Santa Monica Mountains south of Ventura Boulevard South of Ventura Boulevard also contains two golf courses El Caballero Country Club and Braemar Country Club

North of the Ventura Boulevard where a smaller portion of the population lives there are fewer houses and more apartment buildings Tarzana extends north to Victory Boulevard encompassing a wide swath of medium-density housing

Tarzana

Tarzana

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Tarzana (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $752000 $842000 1197

Sold Average Price per Square Foot $606 $284 -5314

Properties Sold 1 9 80000

Properties Pending Sale 4 6 5000

Properties For Sale 50 47 -600

Sold Average Days on Market 15 84 46000

Monthrsquos Supply of Inventory 112 52 -5357

Percent Under Contract 800 1280 6000

Sold Price Original List Price 10750 9210 -1433

Sold Avg Days on Market No Price Change 15 51 24000

Sold Avg Days on Market w1 or More Price Changes NA 150 NA

Tarzana (Condominium) August 2010 August 2011 Percent Change

Sold Median Price NA $171000 NA

Sold Average Price per Square Foot NA $175 NA

Properties Sold NA 1 NA

Properties Pending Sale NA 2 NA

Properties For Sale 14 15 714

Sold Average Days on Market NA 208 NA

Monthrsquos Supply of Inventory NA 55 NA

Percent Under Contract NA 1330 NA

Sold Price Original List Price NA 9240 NA

Sold Avg Days on Market No Price Change NA NA NA

Sold Avg Days on Market w1 or More Price Changes NA 208 NA

Los Angeles Market Report I August 2011

Toluca Lake is a district north of downtown Los Angeles and a community within two communities North Hollywood and Burbank

Toluca Lake started out as Forman Toluca Ranch a ranch known for its crops of peaches apples and walnuts but after development is currently home to affluent residents many of whom work as part of nearby Hollywoods film industry

Toluca Lake

Los Angeles Market Report I August 2011

Toluca Lake is a district north of downtown Los Angeles and a community within two communities North Hollywood and Burbank

Toluca Lake started out as Forman Toluca Ranch a ranch known for its crops of peaches apples and walnuts but after development is currently home to affluent residents many of whom work as part of nearby Hollywoods film industry

Toluca Lake

Toluca Lake

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Toluca Lake (Single Family) August 2010 August 2011 Percent Change

Sold Median Price NA NA NA

Sold Average Price per Square Foot NA NA NA

Properties Sold NA NA NA

Properties Pending Sale 2 1 -5000

Properties For Sale 17 16 -588

Sold Average Days on Market NA NA NA

Monthrsquos Supply of Inventory 6 10 6667

Percent Under Contract 1180 620 -4746

Sold Price Original List Price NA NA NA

Sold Avg Days on Market No Price Change NA NA NA

Sold Avg Days on Market w1 or More Price Changes NA NA NA

Toluca Lake (Condominium) August 2010 August 2011 Percent Change

Sold Median Price NA $375000 NA

Sold Average Price per Square Foot NA $207 NA

Properties Sold NA 1 NA

Properties Pending Sale NA 5 NA

Properties For Sale 2 14 60000

Sold Average Days on Market NA 16 NA

Monthrsquos Supply of Inventory NA 18 NA

Percent Under Contract NA 3570 NA

Sold Price Original List Price NA 9870 NA

Sold Avg Days on Market No Price Change NA 16 NA

Sold Avg Days on Market w1 or More Price Changes NA NA NA

Los Angeles Market Report I August 2011

Valley Village is a district located in the San Fernando Valley region of Los Angeles north of Studio City west and south of North Hollywood and east of Sherman Oaks Approximately 22000 residents live within the boundaries of Valley Village which consists mostly of single family homes and small shops and businesses

Valley Village is bordered by the Ventura Freeway to the south the Hollywood Freeway to the east the Tujunga Wash to the west and Burbank Boulevard to the north Residents of the neighborhood attend school in the Los Angeles Unified School District

Valley Village

Los Angeles Market Report I August 2011

Valley Village is a district located in the San Fernando Valley region of Los Angeles north of Studio City west and south of North Hollywood and east of Sherman Oaks Approximately 22000 residents live within the boundaries of Valley Village which consists mostly of single family homes and small shops and businesses

Valley Village is bordered by the Ventura Freeway to the south the Hollywood Freeway to the east the Tujunga Wash to the west and Burbank Boulevard to the north Residents of the neighborhood attend school in the Los Angeles Unified School District

Valley Village

Valley Village

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Valley Village (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $524000 $605000 1546

Sold Average Price per Square Foot $251 $262 438

Properties Sold 1 3 20000

Properties Pending Sale 1 3 20000

Properties For Sale 18 17 -556

Sold Average Days on Market 36 67 8611

Monthrsquos Supply of Inventory 140 33 -7643

Percent Under Contract 560 1760 21429

Sold Price Original List Price 9530 8750 -818

Sold Avg Days on Market No Price Change 36 20 -4444

Sold Avg Days on Market w1 or More Price Changes NA 160 NA

Valley Village (Condominium) August 2010 August 2011 Percent Change

Sold Median Price $380000 $460000 2105

Sold Average Price per Square Foot $272 $258 -515

Properties Sold 1 1 000

Properties Pending Sale NA 2 NA

Properties For Sale 12 10 -1667

Sold Average Days on Market 6 94 146667

Monthrsquos Supply of Inventory NA 35 NA

Percent Under Contract NA 2000 NA

Sold Price Original List Price 10300 9410 -864

Sold Avg Days on Market No Price Change 6 NA NA

Sold Avg Days on Market w1 or More Price Changes NA 94 NA

Los Angeles Market Report I August 2011

The real estate scene in the beach community of Venice California offers a wide and diverse range of living opportunities from 1920s beach bungalows to contemporary homes 50s ranch styles and loft-style residential studios Land is in short supply so there is a movement toward renovation In May 2011 the average list price of a single family home was $1366846 and the average sale price was $1309461 The median sale price for the same month was $1030000 up significantly from $740000 in April 2011 and down from $1100000 in May 2010 Venice California was recently named one of the funkiest towns in America The city is home to canals and colonnades artists and visionaries musicians entertainers and others Adjacent to neighboring communities of Santa Monica and Marina Del Rey Venice is obviously a beach town with opportunities for a wide variety of outdoor and water activities It is conveniently located only 15 minutes to Los Angeles International Airport 20 minutes to Beverly Hills and 30 minutes to the downtown financial district

Venice

811 Amoroso Place

Los Angeles Market Report I August 2011

The real estate scene in the beach community of Venice California offers a wide and diverse range of living opportunities from 1920s beach bungalows to contemporary homes 50s ranch styles and loft-style residential studios Land is in short supply so there is a movement toward renovation In May 2011 the average list price of a single family home was $1366846 and the average sale price was $1309461 The median sale price for the same month was $1030000 up significantly from $740000 in April 2011 and down from $1100000 in May 2010 Venice California was recently named one of the funkiest towns in America The city is home to canals and colonnades artists and visionaries musicians entertainers and others Adjacent to neighboring communities of Santa Monica and Marina Del Rey Venice is obviously a beach town with opportunities for a wide variety of outdoor and water activities It is conveniently located only 15 minutes to Los Angeles International Airport 20 minutes to Beverly Hills and 30 minutes to the downtown financial district

Venice

811 Amoroso Place

Venice

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Venice (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $975000 $975000 000

Sold Average Price per Square Foot $605 $660 909

Properties Sold 9 24 16667

Properties Pending Sale 10 12 2000

Properties For Sale 143 113 -2098

Sold Average Days on Market 45 73 6222

Monthrsquos Supply of Inventory 120 62 -4833

Percent Under Contract 700 1060 5143

Sold Price Original List Price 9070 9220 165

Sold Avg Days on Market No Price Change 20 29 4500

Sold Avg Days on Market w1 or More Price Changes 93 118 2688

Venice (Condominium) August 2010 August 2011 Percent Change

Sold Median Price $949000 $899000 -527

Sold Average Price per Square Foot $612 $608 -065

Properties Sold 3 3 000

Properties Pending Sale 1 4 30000

Properties For Sale 28 33 1786

Sold Average Days on Market 111 71 -3604

Monthrsquos Supply of Inventory 520 68 -8692

Percent Under Contract 170 1210 61176

Sold Price Original List Price 8970 9340 412

Sold Avg Days on Market No Price Change 36 82 12778

Sold Avg Days on Market w1 or More Price Changes 161 66 -5901

Los Angeles Market Report I August 2011

Located between Beverly Hills and the main area of Hollywood West Hollywood is close to the bustle of shops along the famous Melrose Avenue and home to some of the finest restaurants in the city West Hollywood homes boast the fact that art galleries and a wide array of entertainment are a stones throw away from the neighborhood In May 2011 the average list price of homes in the area was $1343277 and the average selling price was just slightly less at $1314444 The median sale price for the same period May 2011 was $1327500 and sale prices ranged from $645000 to $2150000 The West Hollywood area zip codes include 90038 90046 90048 and 90069 and it is served by West Hollywood Elementary School and the Los Angeles Unified School District

West Hollywood

720 Vista Street

Los Angeles Market Report I August 2011

Located between Beverly Hills and the main area of Hollywood West Hollywood is close to the bustle of shops along the famous Melrose Avenue and home to some of the finest restaurants in the city West Hollywood homes boast the fact that art galleries and a wide array of entertainment are a stones throw away from the neighborhood In May 2011 the average list price of homes in the area was $1343277 and the average selling price was just slightly less at $1314444 The median sale price for the same period May 2011 was $1327500 and sale prices ranged from $645000 to $2150000 The West Hollywood area zip codes include 90038 90046 90048 and 90069 and it is served by West Hollywood Elementary School and the Los Angeles Unified School District

West Hollywood

720 Vista Street

West Hollywood

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

West Hollywood (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $575000 $770000 3391

Sold Average Price per Square Foot $555 $560 090

Properties Sold 3 12 30000

Properties Pending Sale 4 9 12500

Properties For Sale 74 67 -946

Sold Average Days on Market 55 39 -2909

Monthrsquos Supply of Inventory 170 49 -7118

Percent Under Contract 540 1340 14815

Sold Price Original List Price 9260 9370 119

Sold Avg Days on Market No Price Change 17 30 7647

Sold Avg Days on Market w1 or More Price Changes 74 65 -1216

West Hollywood (Condominium) August 2010 August 2011 Percent Change

Sold Median Price $590000 $445000 -2458

Sold Average Price per Square Foot $423 $423 000

Properties Sold 25 26 400

Properties Pending Sale 19 31 6316

Properties For Sale 281 235 -1637

Sold Average Days on Market 98 91 -714

Monthrsquos Supply of Inventory 124 53 -5726

Percent Under Contract 680 1320 9412

Sold Price Original List Price 8650 9310 763

Sold Avg Days on Market No Price Change 24 42 7500

Sold Avg Days on Market w1 or More Price Changes 178 184 337

Los Angeles Market Report I August 2011

West Los Angeles includes a varied mix of neighborhoods with single family homes in widely varying price ranges The MLS area known as West LA is encircled by such varied areas as Brentwood Bel Air ndash Holmby Hills Westwood ndash Century City Cheviot Hills ndash Rancho Park Beverlywood Palms ndash Mar Vista and Santa Monica This location is just minutes from the famous beaches of Southern California and offers mountain views Median sale price in the West Los Angeles area was $530000 in May 2011 compared to $801550 in April 2011 and to $713000 in May 2010 From January through May 2011 19 homes sold in the area and the total sales volume was $10950100 Sales volume in May 2011 alone for the 7 homes that sold was $4113500 up substantially from $1603100 in April 2011

West Los Angeles

Los Angeles Market Report I August 2011

West Los Angeles includes a varied mix of neighborhoods with single family homes in widely varying price ranges The MLS area known as West LA is encircled by such varied areas as Brentwood Bel Air ndash Holmby Hills Westwood ndash Century City Cheviot Hills ndash Rancho Park Beverlywood Palms ndash Mar Vista and Santa Monica This location is just minutes from the famous beaches of Southern California and offers mountain views Median sale price in the West Los Angeles area was $530000 in May 2011 compared to $801550 in April 2011 and to $713000 in May 2010 From January through May 2011 19 homes sold in the area and the total sales volume was $10950100 Sales volume in May 2011 alone for the 7 homes that sold was $4113500 up substantially from $1603100 in April 2011

West Los Angeles

West Los Angeles

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

West Los Angeles (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $720000 $625000 -1319

Sold Average Price per Square Foot $581 $472 -1876

Properties Sold 3 9 20000

Properties Pending Sale 6 8 3333

Properties For Sale 43 25 -4186

Sold Average Days on Market 21 54 15714

Monthrsquos Supply of Inventory 53 16 -6981

Percent Under Contract 1400 3200 12857

Sold Price Original List Price 9740 9110 -647

Sold Avg Days on Market No Price Change 21 15 -2857

Sold Avg Days on Market w1 or More Price Changes NA 103 NA

West Los Angeles (Condominium) August 2010 August 2011 Percent Change

Sold Median Price $601500 $537000 -1072

Sold Average Price per Square Foot $415 $368 -1133

Properties Sold 10 16 6000

Properties Pending Sale 12 12 000

Properties For Sale 109 107 -183

Sold Average Days on Market 33 50 5152

Monthrsquos Supply of Inventory 73 62 -1507

Percent Under Contract 1100 1120 182

Sold Price Original List Price 9740 9420 -329

Sold Avg Days on Market No Price Change 29 29 000

Sold Avg Days on Market w1 or More Price Changes 69 72 435

Los Angeles Market Report I August 2011

Westchester is a family community that is convenient to the Los Angeles airport and Loyola Marymount University Westchester mixes the best of both worlds being near the sunny Southern California beaches and the mountains Home buyers will find a nice mix of new and established houses in the area In May 2011 the average list price for this area was $690000 and the median sale price was $679000 Single family home sale prices ranged from $395000 to $915000 for 18 homes that were sold in May 2011 Sales volume for May 2011 alone was $11442000 with total sales volume for the period from January through May 2011 at $45574100 Sales volume for the same January through May period of the prior year 2010 was almost exactly the same at $45511788 Some of the schools that serve the Westchester area are Westchester Senior High Loyola Village Performing Arts and Open Charter Magnet School The zip code that serves the area is 90045

Westchester

Los Angeles Market Report I August 2011

Westchester is a family community that is convenient to the Los Angeles airport and Loyola Marymount University Westchester mixes the best of both worlds being near the sunny Southern California beaches and the mountains Home buyers will find a nice mix of new and established houses in the area In May 2011 the average list price for this area was $690000 and the median sale price was $679000 Single family home sale prices ranged from $395000 to $915000 for 18 homes that were sold in May 2011 Sales volume for May 2011 alone was $11442000 with total sales volume for the period from January through May 2011 at $45574100 Sales volume for the same January through May period of the prior year 2010 was almost exactly the same at $45511788 Some of the schools that serve the Westchester area are Westchester Senior High Loyola Village Performing Arts and Open Charter Magnet School The zip code that serves the area is 90045

Westchester

Westchester

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Westchester (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $657250 $632000 -384

Sold Average Price per Square Foot $456 $425 -680

Properties Sold 19 12 -3684

Properties Pending Sale 17 21 2353

Properties For Sale 112 85 -2411

Sold Average Days on Market 28 36 2857

Monthrsquos Supply of Inventory 49 26 -4694

Percent Under Contract 1520 2470 6250

Sold Price Original List Price 9770 9460 -317

Sold Avg Days on Market No Price Change 14 20 4286

Sold Avg Days on Market w1 or More Price Changes 66 68 303

Westchester (Condominium) August 2010 August 2011 Percent Change

Sold Median Price NA $599000 NA

Sold Average Price per Square Foot NA $305 NA

Properties Sold NA 8 NA

Properties Pending Sale 5 2 -6000

Properties For Sale 22 31 4091

Sold Average Days on Market NA 56 NA

Monthrsquos Supply of Inventory 34 130 28235

Percent Under Contract 2270 650 -7137

Sold Price Original List Price NA 10040 NA

Sold Avg Days on Market No Price Change NA 62 NA

Sold Avg Days on Market w1 or More Price Changes NA 37 NA

Los Angeles Market Report I August 2011

Westwood is home to UCLA one of the most renowned universities in the world The famed Wilshire Corridor with its condominium buildings stretching for blocks and blocks is situated within Westwood Many beautiful homes also grace the streets of Westwood Century City with its skyscraper office buildings is one of the primary business centers of Los Angeles A myriad of condominium complexes and some single family homes can be found in Century City In May 2011 sales volume for single family homes was $10875500 compared to a mere $4724400 the month before and to a whopping $22120000 in May 2010 Obviously home prices vary greatly in the Westwood ndash Century City area with sale prices of the 10 homes that sold in May 2011 ranging from $718000 to $3350000 46 homes sold during the period from January through May 2011 with total dollar sales volume of $65972717 compared to only $56413000 for the same period in 2010

Westwood + Century City

Los Angeles Market Report I August 2011

Westwood is home to UCLA one of the most renowned universities in the world The famed Wilshire Corridor with its condominium buildings stretching for blocks and blocks is situated within Westwood Many beautiful homes also grace the streets of Westwood Century City with its skyscraper office buildings is one of the primary business centers of Los Angeles A myriad of condominium complexes and some single family homes can be found in Century City In May 2011 sales volume for single family homes was $10875500 compared to a mere $4724400 the month before and to a whopping $22120000 in May 2010 Obviously home prices vary greatly in the Westwood ndash Century City area with sale prices of the 10 homes that sold in May 2011 ranging from $718000 to $3350000 46 homes sold during the period from January through May 2011 with total dollar sales volume of $65972717 compared to only $56413000 for the same period in 2010

Westwood + Century City

Westwood + Century City

TM

live architecture

Source Combined Los AngelesWestside Multiple Listing Service

Westwood + Century City (Single Family) August 2010 August 2011 Percent Change

Sold Median Price $1509630 $1130500 -2511

Sold Average Price per Square Foot $559 $532 -483

Properties Sold 10 16 6000

Properties Pending Sale 18 12 -3333

Properties For Sale 112 81 -2768

Sold Average Days on Market 30 36 2000

Monthrsquos Supply of Inventory 46 42 -870

Percent Under Contract 1610 1480 -807

Sold Price Original List Price 9200 9180 -022

Sold Avg Days on Market No Price Change 25 21 -1600

Sold Avg Days on Market w1 or More Price Changes 76 101 3289

Westwood + Century City (Condominium) August 2010 August 2011 Percent Change

Sold Median Price $476500 $631500 3253

Sold Average Price per Square Foot $512 $551 762

Properties Sold 16 38 13750

Properties Pending Sale 23 44 9130

Properties For Sale 454 405 -1079

Sold Average Days on Market 67 73 896

Monthrsquos Supply of Inventory 168 70 -5833

Percent Under Contract 510 1090 11373

Sold Price Original List Price 9120 8710 -450

Sold Avg Days on Market No Price Change 30 32 667

Sold Avg Days on Market w1 or More Price Changes 148 129 -1284

Fore ign Investment Edi t ion I August 2011

arc

hite

ctu

re 8

Fore ign Investment Edi t ion I August 2011

arc

hite

ctu

re 8

Our focus and our passion in real estate motivates people to re-spond bond and commit to ex-traordinary lifestyles influenced by architecture

architecture 8 a full service real estate brokerage focuses on architec-tural and significant properties where inspired design invites you home With an unparalleled commitment to service and where the clientrsquos needs come first architecture 8 utilizes the most current technology to manage list market and sell properties Whether itrsquos a first time home buyer being guided through the purchase process or an experienced in-vestor looking to enhance its real estate portfolio architecture 8 will aid in realizing the clientrsquos desires by using its expanded network of local national and international brokerages to provide access to extraordinary properties architecture 8rsquos philosophy of ―live architecture embodies more than just recognizing the aesthetic and functional value of a property To ―live architecture is to appreciate the unique elements and subtle de-tails of each property and to allow the same to affect and influence onersquos life Le Corbusier wrote You employ stone wood and concrete and with these materials you build houses and palaces that is constructionhellip But suddenly you touch my heart you do me good I am happy and I say This is beautiful That is Architecture be inspired live architecture

TM

live architecture

arch i tecture8com

8884427248

architecture 8 inc copy 2011

arch i tecture8com

8884427248

architecture 8 inc copy 2011