Los Angeles - Westside RodeoMarketReports.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.
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Los Angeles - Westside
RodeoMarketReports.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 oM a r k e t R e p o r t s . c o m
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
Feb 2012 Feb 2013 %Change
Median Price $1,751,000 $1,825,000 4
Properties Sold 4 8 100
Sales Volume $14,527,000 $40,645,000 180
Properties Pending Sale 15 15 0
Properties For Sale 144 111 -23
Average Days on Market 90 64 -29
Month’s Supply of Inventory 8 6 -25
Percent Under Contract 10.4 13.5 30
Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Beverly Center - Miracle Mile
Feb 2012 Feb 2013 %Change
Median Price $829,000 $857,500 3
Properties Sold 11 10 -9
Sales Volume $9,768,950 $6,843,000 -30
Properties Pending Sale 16 13 -19
Properties For Sale 79 57 -28
Average Days on Market 60 31 -48
Month’s Supply of Inventory 3 3 0
Percent Under Contract 20.3 22.8 13
Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m
*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 oM a r k e t R e p o r t s . c o m
Feb 2012 Feb 2013 %Change
Median Price $2,862,000 $2,713,500 -5
Properties Sold 5 6 20
Sales Volume $21,737,000 $19,872,000 -9
Properties Pending Sale 14 14 0
Properties For Sale 124 96 -23
Average Days on Market 81 121 49
Month’s Supply of Inventory 7 5 -29
Percent Under Contract 11.3 14.6 29
*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 oM a r k e t R e p o r t s . c o m
Feb 2012 Feb 2013 %Change
Median Price $1,850,000 $1,877,500 2
Properties Sold 9 12 33
Sales Volume $38,830,255 $20,755,000 -47
Properties Pending Sale 20 17 -15
Properties For Sale 147 103 -30
Average Days on Market 108 64 -41
Month’s Supply of Inventory 6 4 -33
Percent Under Contract 13.6 16.5 21
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Beverlywood
Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m
Feb 2012 Feb 2013 %Change
Median Price $722,500 $769,000 6
Properties Sold 14 9 -36
Sales Volume $9,557,100 $7,832,000 -18
Properties Pending Sale 22 17 -23
Properties For Sale 79 41 -48
Average Days on Market 64 54 -16
Month’s Supply of Inventory 2 1 -50
Percent Under Contract 27.8 41.5 49
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Brentwood
Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m
Feb 2012 Feb 2013 %Change
Median Price $1,709,750 $2,225,000 30
Properties Sold 10 17 70
Sales Volume $32,855,000 $50,572,750 54
Properties Pending Sale 18 14 -22
Properties For Sale 133 79 -41
Average Days on Market 96 68 -29
Month’s Supply of Inventory 4 4 0
Percent Under Contract 13.5 17.7 31
*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 oM a r k e t R e p o r t s . c o m
Feb 2012 Feb 2013 %Change
Median Price $1,550,000 $1,145,000 -26
Properties Sold 3 2 -33
Sales Volume $4,350,000 $2,290,000 -47
Properties Pending Sale 8 9 13
Properties For Sale 27 20 -26
Average Days on Market 15 50 233
Month’s Supply of Inventory 2 1 -50
Percent Under Contract 29.6 45 52
*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 oM a r k e t R e p o r t s . c o m
Feb 2012 Feb 2013 %Change
Median Price $525,000 $720,000 37
Properties Sold 8 17 113
Sales Volume $4,440,900 $11,340,500 155
Properties Pending Sale 9 16 78
Properties For Sale 59 40 -32
Average Days on Market 54 29 -46
Month’s Supply of Inventory 5 1 -80
Percent Under Contract 15.3 40 162
*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 oM a r k e t R e p o r t s . c o m
Feb 2012 Feb 2013 %Change
Median Price $933,000 $890,000 -5
Properties Sold 23 11 -52
Sales Volume $25,331,499 $7,471,500 -71
Properties Pending Sale 29 22 -24
Properties For Sale 145 76 -48
Average Days on Market 94 36 -62
Month’s Supply of Inventory 4 2 -50
Percent Under Contract 20 28.9 45
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Hollywood
Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m
Feb 2012 Feb 2013 %Change
Median Price $499,000 $1,160,000 132
Properties Sold 3 3 0
Sales Volume $1,439,500 $2,885,000 100
Properties Pending Sale 4 4 0
Properties For Sale 40 18 -55
Average Days on Market 27 39 44
Month’s Supply of Inventory 8 3 -63
Percent Under Contract 10 22.2 122
*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 oM a r k e t R e p o r t s . c o m
Feb 2012 Feb 2013 %Change
Median Price $635,000 $955,000 50
Properties Sold 13 16 23
Sales Volume $7,458,000 $15,811,500 112
Properties Pending Sale 8 15 88
Properties For Sale 77 56 -27
Average Days on Market 81 59 -27
Month’s Supply of Inventory 8 2 -75
Percent Under Contract 10.4 26.8 158
*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 oM a r k e t R e p o r t s . c o m
Feb 2012 Feb 2013 %Change
Median Price $932,000 $750,000 -20
Properties Sold 14 12 -14
Sales Volume $13,178,000 $12,084,000 -8
Properties Pending Sale 28 28 0
Properties For Sale 108 88 -19
Average Days on Market 59 51 -14
Month’s Supply of Inventory 3 2 -33
Percent Under Contract 25.9 31.8 23
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Malibu
Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m
Feb 2012 Feb 2013 %Change
Median Price $1,965,000 $1,900,000 -3
Properties Sold 12 10 -17
Sales Volume $24,165,000 $22,582,888 -7
Properties Pending Sale 13 19 46
Properties For Sale 247 156 -37
Average Days on Market 171 85 -50
Month’s Supply of Inventory 22 7 -68
Percent Under Contract 5.3 12.2 131
*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 oM a r k e t R e p o r t s . c o m
Feb 2012 Feb 2013 %Change
Median Price $3,795,000 $17,000,000 348
Properties Sold 2 1 -50
Sales Volume $7,590,000 $17,00,000 124
Properties Pending Sale 5 4 -20
Properties For Sale 98 82 -16
Average Days on Market 198 265 34
Month’s Supply of Inventory 17 17 0
Percent Under Contract 5.1 4.9 -4
*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 oM a r k e t R e p o r t s . c o m
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Feb 2012 Feb 2013 %Change
Median Price $760,000 $1,687,500 122
Properties Sold 4 4 0
Sales Volume $3,120,000 $5,300,000 70
Properties Pending Sale 1 7 600
Properties For Sale 28 20 -29
Average Days on Market 59 66 12
Month’s Supply of Inventory 26 2 -92
Percent Under Contract 3.6 35 880
Mid Los Angeles
Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m
Feb 2012 Feb 2013 %Change
Median Price $240,000 $293,000 22
Properties Sold 19 25 32
Sales Volume $2,249,600 $6,183,750 175
Properties Pending Sale 25 38 52
Properties For Sale 203 119 -41
Average Days on Market 80 38 -53
Month’s Supply of Inventory 6 2 -67
Percent Under Contract 12.3 31.9 159
*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 oM a r k e t R e p o r t s . c o m
Feb 2012 Feb 2013 %Change
Median Price $440,000 $470,000 7
Properties Sold 2 7 250
Sales Volume $460,000 $470,000 2
Properties Pending Sale 3 8 167
Properties For Sale 48 33 -31
Average Days on Market 40 56 40
Month’s Supply of Inventory 13 2 -85
Percent Under Contract 6.3 24.2 288
*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 oM a r k e t R e p o r t s . c o m
Feb 2012 Feb 2013 %Change
Median Price $1,935,000 $2,670,000 38
Properties Sold 12 15 25
Sales Volume $21,847,205 $41,856,520 92
Properties Pending Sale 21 24 14
Properties For Sale 136 108 -21
Average Days on Market 147 92 -37
Month’s Supply of Inventory 5 3 -40
Percent Under Contract 15.4 22.2 44
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Palms - Mar Vista
Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m
Feb 2012 Feb 2013 %Change
Median Price $700,000 $845,790 21
Properties Sold 19 14 -26
Sales Volume $11,538,000 $11,742,030 2
Properties Pending Sale 24 31 29
Properties For Sale 109 65 -40
Average Days on Market 86 29 -66
Month’s Supply of Inventory 3 1 -67
Percent Under Contract 22 47.7 117
*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 oM a r k e t R e p o r t s . c o m
Feb 2012 Feb 2013 %Change
Median Price $700,000 $845,790 21
Properties Sold 19 14 -26
Sales Volume $925,000 $0 -100
Properties Pending Sale 24 31 29
Properties For Sale 109 65 -40
Average Days on Market 86 29 -66
Month’s Supply of Inventory 3 1 -67
Percent Under Contract 22 47.7 117
*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 oM a r k e t R e p o r t s . c o m
Feb 2012 Feb 2013 %Change
Median Price $1,830,000 $1,362,500 -26
Properties Sold 11 14 27
Sales Volume $27,233,000 $24,467,000 -10
Properties Pending Sale 22 20 -9
Properties For Sale 115 61 -47
Average Days on Market 64 38 -41
Month’s Supply of Inventory 4 2 -50
Percent Under Contract 19.1 32.8 71
*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 oM a r k e t R e p o r t s . c o m
Feb 2012 Feb 2013 %Change
Median Price $480,500 $560,000 17
Properties Sold 28 26 -7
Sales Volume $12,411,000 $11,586,250 -7
Properties Pending Sale 30 33 10
Properties For Sale 131 81 -38
Average Days on Market 77 61 -21
Month’s Supply of Inventory 3 1 -67
Percent Under Contract 22.9 40.7 78
*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 oM a r k e t R e p o r t s . c o m
Feb 2012 Feb 2013 %Change
Median Price $1,255,000 $1,432,500 14
Properties Sold 24 24 0
Sales Volume $30,948,250 $49,163,000 59
Properties Pending Sale 36 43 19
Properties For Sale 289 202 -30
Average Days on Market 98 80 -18
Month’s Supply of Inventory 6 3 -50
Percent Under Contract 12.5 21.3 71
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Venice
Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m
Feb 2012 Feb 2013 %Change
Median Price $1,153,500 $1,250,000 8
Properties Sold 8 9 13
Sales Volume $7,682,064 $11,439,700 49
Properties Pending Sale 14 16 14
Properties For Sale 100 62 -38
Average Days on Market 57 55 -4
Month’s Supply of Inventory 6 2 -67
Percent Under Contract 14 25.8 84
*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 oM a r k e t R e p o r t s . c o m
Feb 2012 Feb 2013 %Change
Median Price $832,500 $1,362,500 64
Properties Sold 6 8 33
Sales Volume $4,229,000 $10,944,000 159
Properties Pending Sale 9 16 78
Properties For Sale 51 49 -4
Average Days on Market 63 90 43
Month’s Supply of Inventory 2 4 100
Percent Under Contract 17.6 32.7 85
*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 oM a r k e t R e p o r t s . c o m
Feb 2012 Feb 2013 %Change
Median Price $499,000 $530,000 6
Properties Sold 3 3 0
Sales Volume $499,000 $1,840,000 269
Properties Pending Sale 8 14 75
Properties For Sale 44 32 -27
Average Days on Market 49 35 -29
Month’s Supply of Inventory 4 1 -75
Percent Under Contract 18.2 43.8 141
*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 oM a r k e t R e p o r t s . c o m
Feb 2012 Feb 2013 %Change
Median Price $1,155,000 $1,449,500 0
Properties Sold 8 6 -25
Sales Volume $11,298,125 $7,371,888 -35
Properties Pending Sale 18 11 -39
Properties For Sale 79 33 -58
Average Days on Market 46 26 -43
Month’s Supply of Inventory 3 2 -33
Percent Under Contract 22.8 33.3 46
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.