rodeo realty local market report los angeles--january 2014
DESCRIPTION
Los Angeles Westside Market Report for January 2014 detailing local real estate market statistics and including year-over-year data:TRANSCRIPT
Los Angeles - WestsideJanuary 2014
RodeoRE.com
Local Market Report
At Rodeo Realty, we believe education is the key to helping clients make the best possible decisions about buying and selling homes. Our Local Market Reports provide comprehensive analyses of real estate trends in specific communities, versus quoting national, state, and/or county statistics. The fact is market conditions can vary greatly from neighborhood to neighborhood, and sometimes from one block to the next.
Bel Air - Holmby Hills
Beverly Center - Miracle Mile
Beverly Hills
Beverly Hills P.O.
Beverlywood
Brentwood
Cheviot Hills - Rancho Park
Culver City
Hancock Park - Wilshire
Hollywood
Hollywood Hills East
Los Feliz
Malibu
Malibu Beach
Table of Contents
Rodeo RealtyR o d e o R E . c om
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Marina del Rey
Mid Los Angeles
Mid Wilshire
Pacific Palisades
Palms - Mar Vista
Playa Vista
Santa Monica
Silverlake - Echo Park
Sunset Strip - Hollywood Hills West
Venice
West Hollywood
West Los Angeles
Westwood - Century City
16
17
18
19
20
21
22
23
24
25
26
27
28
Bel Air-Holmby Hills
Jan. 2013 Jan. 2014 %Change
Median Price $1,682,500 $1,975,000 17
Properties Sold 10 11 10
Sales Volume $39,080,000 $34,955,000 -11
Properties Pending Sale 12 5 -58
Properties For Sale 120 94 -22
Average Days on Market 118 252 114
Month’s Supply of Inventory 8 15 88
Percent Under Contract 10.0 5.3 -47
Rodeo RealtyR o d e o R E . c om
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Beverly Center - Miracle Mile
Jan. 2013 Jan. 2014 %Change
Median Price $1,158,500 $1,300,000 12
Properties Sold 12 11 -8
Sales Volume $12,775,000 $16,089,001 26
Properties Pending Sale 13 16 23
Properties For Sale 64 59 -8
Average Days on Market 26 38 46
Month’s Supply of Inventory 4 2 -50
Percent Under Contract 20.3 27.1 34
Rodeo RealtyR o d e o R E . c om
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Beverly Hills
Rodeo RealtyR o d e o R E . c om
Jan. 2013 Jan. 2014 %Change
Median Price $6,200,000 $5,198,500 -16
Properties Sold 5 12 140
Sales Volume $43,520,000 $69,447,000 60
Properties Pending Sale 6 9 50
Properties For Sale 105 89 -15
Average Days on Market 111 38 -66
Month’s Supply of Inventory 14 7 -50
Percent Under Contract 5.7 10.1 77
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Beverly Hills P.O.
Rodeo RealtyR o d e o R E . c om
Jan. 2013 Jan. 2014 %Change
Median Price $1,713,210 $2,292,500 34
Properties Sold 9 12 33
Sales Volume $16,712,210 $23,990,000 44
Properties Pending Sale 9 17 89
Properties For Sale 106 116 9
Average Days on Market 60 62 3
Month’s Supply of Inventory 9 5 -44
Percent Under Contract 8.5 14.7 73
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Beverlywood
Rodeo RealtyR o d e o R E . c om
Jan. 2013 Jan. 2014 %Change
Median Price $699,000 $900,000 29
Properties Sold 10 11 10
Sales Volume $7,313,000 $9,945,000 36
Properties Pending Sale 10 24 140
Properties For Sale 50 67 34
Average Days on Market 48 38 -21
Month’s Supply of Inventory 4 1 -75
Percent Under Contract 20.0 35.8 79
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Brentwood
Rodeo RealtyR o d e o R E . c om
Jan. 2013 Jan. 2014 %Change
Median Price $2,240,500 $2,154,265 -4
Properties Sold 10 12 20
Sales Volume $24,916,000 $32,168,530 29
Properties Pending Sale 20 13 -35
Properties For Sale 100 77 -23
Average Days on Market 45 65 44
Month’s Supply of Inventory 3 4 33
Percent Under Contract 20.0 16.9 -16
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Cheviot Hills - Rancho Park
Rodeo RealtyR o d e o R E . c om
Jan. 2013 Jan. 2014 %Change
Median Price $992,500 $1,800,000 81
Properties Sold 4 3 -25
Sales Volume $4,336,000 $5,415,000 25
Properties Pending Sale 5 3 -40
Properties For Sale 20 9 -55
Average Days on Market 25 33 32
Month’s Supply of Inventory 3 1 -67
Percent Under Contract 25.0 33.3 33
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Culver City
Rodeo RealtyR o d e o R E . c om
Jan. 2013 Jan. 2014 %Change
Median Price $715,000 $700,500 -2
Properties Sold 9 10 11
Sales Volume $6,622,500 $6,320,500 -5
Properties Pending Sale 14 12 -14
Properties For Sale 40 37 -8
Average Days on Market 57 43 -25
Month’s Supply of Inventory 2 2 0
Percent Under Contract 35.0 32.4 -7
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Hancock Park - Wilshire
Rodeo RealtyR o d e o R E . c om
Jan. 2013 Jan. 2014 %Change
Median Price $862,500 $1,531,250 78
Properties Sold 10 14 40
Sales Volume $7,637,000 $25,029,700 228
Properties Pending Sale 21 24 14
Properties For Sale 87 94 8
Average Days on Market 64 66 3
Month’s Supply of Inventory 3 2 -33
Percent Under Contract 24.1 25.5 6
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Hollywood
Rodeo RealtyR o d e o R E . c om
Jan. 2013 Jan. 2014 %Change
Median Price $447,500 $285,000 -36
Properties Sold 4 1 -75
Sales Volume $1,054,995 $0 -100
Properties Pending Sale 2 6 200
Properties For Sale 21 18 -14
Average Days on Market 93 33 -65
Month’s Supply of Inventory 9 1 -89
Percent Under Contract 9.5 33.3 250
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Hollywood Hills East
Rodeo RealtyR o d e o R E . c om
Jan. 2013 Jan. 2014 %Change
Median Price $882,000 $1,460,000 66
Properties Sold 6 9 50
Sales Volume $4,842,000 $13,986,000 189
Properties Pending Sale 11 6 -45
Properties For Sale 58 55 -5
Average Days on Market 65 39 -40
Month’s Supply of Inventory 4 7 75
Percent Under Contract 19.0 10.9 -42
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Los Feliz
Rodeo RealtyR o d e o R E . c om
Jan. 2013 Jan.2014 %Change
Median Price $961,750 $972,000 1
Properties Sold 18 14 -22
Sales Volume $15,582,700 $19,981,572 28
Properties Pending Sale 18 18 0
Properties For Sale 94 83 -12
Average Days on Market 81 49 -40
Month’s Supply of Inventory 4 3 -25
Percent Under Contract 19.1 21.7 13
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Malibu
Rodeo RealtyR o d e o R E . c om
Jan. 2013 Jan. 2014 %Change
Median Price $1,500,000 $1,700,000 13
Properties Sold 10 9 -10
Sales Volume $15,769,500 $24,835,000 57
Properties Pending Sale 16 16 0
Properties For Sale 171 172 1
Average Days on Market 134 161 20
Month’s Supply of Inventory 9 8 -11
Percent Under Contract 9.4 9.3 -1
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Malibu Beach
Rodeo RealtyR o d e o R E . c om
Jan. 2013 Jan. 2014 %Change
Median Price $4,700,000 $4,716,250 0
Properties Sold 3 2 -33
Sales Volume $18,600,000 $9,432,500 -49
Properties Pending Sale 4 5 25
Properties For Sale 71 63 -11
Average Days on Market 99 254 157
Month’s Supply of Inventory 17 9 -47
Percent Under Contract 5.6 7.9 41
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Marina del Rey
Rodeo RealtyR o d e o R E . c om
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Jan. 2013 Jan. 2014 %Change
Median Price $1,735,000 $2,050,000 18
Properties Sold 3 1 -67
Sales Volume $4,541,000 $2,050,000 -55
Properties Pending Sale 4 7 75
Properties For Sale 20 21 5
Average Days on Market 49 52 6
Month’s Supply of Inventory 4 2 -50
Percent Under Contract 20.0 33.3 67
Mid Los Angeles
Rodeo RealtyR o d e o R E . c om
Jan. 2013 Jan. 2014 %Change
Median Price $236,500 $425,880 80
Properties Sold 25 23 -8
Sales Volume $4,724,000 $4,409,500 -7
Properties Pending Sale 31 32 3
Properties For Sale 141 124 -12
Average Days on Market 51 73 43
Month’s Supply of Inventory 3 2 -33
Percent Under Contract 22.0 25.8 17
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Mid Wilshire
Rodeo RealtyR o d e o R E . c om
Jan. 2013 Jan. 2014 %Change
Median Price $443,000 $545,000 23
Properties Sold 4 1 -75
Sales Volume $886,000 $545,000 -38
Properties Pending Sale 4 3 -25
Properties For Sale 30 20 -33
Average Days on Market 88 87 -1
Month’s Supply of Inventory 6 5 -17
Percent Under Contract 13.3 15.0 13
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Pacific Palisades
Rodeo RealtyR o d e o R E . c om
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Jan. 2013 Jan. 2014 %Change
Median Price $1,668,000 $2,492,000 49
Properties Sold 12 14 17
Sales Volume $25,274,830 $34,933,000 38
Properties Pending Sale 17 23 35
Properties For Sale 86 108 26
Average Days on Market 55 60 9
Month’s Supply of Inventory 4 3 -25
Percent Under Contract 19.8 21.3 8
Palms - Mar Vista
Rodeo RealtyR o d e o R E . c om
Jan. 2013 Jan. 2014 %Change
Median Price $782,000 $790,000 1
Properties Sold 24 21 -13
Sales Volume $18,521,900 $15,863,727 -14
Properties Pending Sale 11 23 109
Properties For Sale 55 65 18
Average Days on Market 43 36 -16
Month’s Supply of Inventory 3 2 -33
Percent Under Contract 20.0 35.4 77
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Playa Vista
Rodeo RealtyR o d e o R E . c om
Jan. 2013 Jan. 2014 %Change
Median Price n/a n/a n/a
Properties Sold 0 0 0
Sales Volume 0 $1,460,000 n/a
Properties Pending Sale 0 0 0
Properties For Sale 3 5 67
Average Days on Market n/a n/a n/a
Month’s Supply of Inventory n/a n/a n/a
Percent Under Contract n/a n/a n/a
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Santa Monica
Rodeo RealtyR o d e o R E . c om
Jan. 2013 Jan. 2014 %Change
Median Price $2,300,000 $1,488,000 -35
Properties Sold 13 7 -46
Sales Volume $30,150,650 $13,561,715 -55
Properties Pending Sale 23 15 -35
Properties For Sale 73 66 -10
Average Days on Market 35 65 86
Month’s Supply of Inventory 2 3 50
Percent Under Contract 31.5 22.7 -28
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Silverlake - Echo Park
Rodeo RealtyR o d e o R E . c om
Jan. 2013 Jan. 2014 %Change
Median Price $603,500 $836,000 39
Properties Sold 20 12 -40
Sales Volume $10,080,200 $9,102,125 -10
Properties Pending Sale 23 27 17
Properties For Sale 86 80 -7
Average Days on Market 77 45 -42
Month’s Supply of Inventory 2 2 0
Percent Under Contract 26.7 33.8 26
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Sunset Strip - Hollywood Hills West
Rodeo RealtyR o d e o R E . c om
Jan. 2013 Jan. 2014 %Change
Median Price $1,248,000 $1,220,000 -2
Properties Sold 23 24 4
Sales Volume $38,049,305 $35,508,500 -7
Properties Pending Sale 32 39 22
Properties For Sale 240 244 2
Average Days on Market 75 71 -5
Month’s Supply of Inventory 6 4 -33
Percent Under Contract 13.3 16.0 20
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Venice
Rodeo RealtyR o d e o R E . c om
Jan. 2013 Jan. 2014 %Change
Median Price $1,257,000 $1,232,500 -2
Properties Sold 13 16 23
Sales Volume $19,148,500 $19,517,000 2
Properties Pending Sale 13 11 -15
Properties For Sale 59 55 -7
Average Days on Market 29 45 55
Month’s Supply of Inventory 3 3 0
Percent Under Contract 22.0 20.0 -9
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
West Hollywood
Rodeo RealtyR o d e o R E . c om
Jan. 2013 Jan. 2014 %Change
Median Price $682,500 $1,077,884 58
Properties Sold 2 17 750
Sales Volume 1,365,000 $25,527,985 1,770
Properties Pending Sale 6 8 33
Properties For Sale 45 41 -9
Average Days on Market 26 69 165
Month’s Supply of Inventory 6 3 -50
Percent Under Contract 13.3 19.5 46
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
West Los Angeles
Rodeo RealtyR o d e o R E . c om
Jan. 2013 Jan. 2014 %Change
Median Price $688,500 $805,000 17
Properties Sold 10 4 -60
Sales Volume $6,684,500 $3,180,000 -52
Properties Pending Sale 8 8 0
Properties For Sale 32 21 -34
Average Days on Market 65 30 -54
Month’s Supply of Inventory 3 1 -67
Percent Under Contract 25.0 38.1 52
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Westwood - Century City
Rodeo RealtyR o d e o R E . c om
Jan. 2013 Jan. 2014 %Change
Median Price $1,304,500 $1,425,000 9
Properties Sold 4 8 100
Sales Volume $7,044,000 $13,615,750 93
Properties Pending Sale 8 8 0
Properties For Sale 36 31 -14
Average Days on Market 35 71 103
Month’s Supply of Inventory 3 2 -33
Percent Under Contract 22.2 25.8 16
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
RODEO REALTY MARKETING DEPARTMENT