RE/MAX Westside+ Market Intelligence Report

The Select Westside+

Market Intelligence Report

Designed to give you the facts & trends overview of the most relevant market activities as they unfold in the Los Angeles real estate market. This report covers

Santa Monica, Culver City, Mar Vista, Marina Del Rey, Playa Del Rey Playa Vista, Westchester, Venice, West Hollywood, Inglewood, Sherman Oaks, Pacific Palisades, Brentwood and Hollywood.

ESTATE PROPERTIES

ESTATE PRO

PERTIES

ESTATE PROPERTIES

July 2016

BEVERLY HILLS9454 Wilshire Blvd. Suite 600

Beverly Hills, CA 90212Phone: 310.205.0050

WEST LOS ANGELES10931 W. Pico Blvd.

Los Angeles, CA 90064Phone: 310.202.8141

SANTA MONICA620 Santa Monica Blvd. Suite B

Santa Monica, CA 90401Phone: 310.264.2225

MARINA DEL REY / VENICE124 & 155 Washington Blvd.

Marina Del Rey, CA 90292Phone: 310.577.5300

ABBOT KINNEY1413 Abbot Kinney Blvd.

Venice, CA 90291Phone: 310.396.2600

EL SEGUNDO402 Main Street

El Segundo, CA 90245Phone: 310.322.1425

MANHATTAN BEACH DOWNTOWN

1401 Highland AvenueManhattan Beach, CA 90266

Phone: 310.937.5700

MANHATTAN BEACH BLVD1040 Manhattan Beach Blvd.Manhattan Beach, CA 90266

Phone: 310.376.2225

ESTATE PROPERTIESESTATE PROPERTIES

HERMOSA BEACH2601 Pacific Coast Hwy. #101

Hermosa Beach, CA 90254Phone: 310.937.3200

REDONDO BEACH1720 S. Elena Avenue

Redondo Beach, CA 90277Phone: 310.378.7747

SOUTH BAY23740 Hawthorne Blvd.

2nd FloorTorrance, CA 90505

Phone: 310.378.9889

MALAGA COVE63 Malaga Cove PlazaPalos Verdes Estates,

CA 90274Phone: 310.378.9494

SILVER SPUR450 Silver Spur RoadRancho Palos Verdes,

CA 90275Phone: 310.544.9999

MIRALESTE5 Miraleste Plaza

Rancho Palos Verdes, CA 90275

Phone: 310.831.0222

SAN PEDRO COASTLINE1416 W 25th Street

San Pedro, CA 90732Phone: 310.831.0150

Photography courtesy ofBrian Holm, AvenueEye.com

http://AvenueEye.com


Westside Market Intelligence

RE/MAX Estate Properties tracks key data points in significant cities and areas throughout Los Angeles’ Westside.

This Market Intelligence Report monitors

Santa MonicaCulver CityPalms / Mar VistaMarina Del ReyPlaya Del ReyPlaya VistaWestchesterVeniceWest HollywoodInglewoodSherman OaksPacific PalisadesWestwood/Century CityCheviot HillsWest Los AngelesBrentwoodHollywood

Market Intelligence Glossary

MEDIAN PRICE:Median Price is the price of the property that falls in the middle of the total number of properties Sold in any given month.

AVERAGE PRICE PER SQUARE FOOT:Found by taking the price of each property and dividing that by its square footage, then finding the average for all properties Sold.

PROPERTIES FOR SALE:The number of properties that are for sale on the market.

PROPERTIES UNDER CONTRACT:The number of properties with an accepted offer however they have not closed.

PROPERTIES SOLD:The number of properties that SOLD and transfered ownership.

DAYS ON MARKET (CLOSED SALES):The average number of days that properties were on ACTIVE on the market.

MONTHS SUPPLY OF INVENTORY:This is calculated by dividing the total number of homes for sale in a particular month by the number of homes that sold in that month.

PROPERTIES PENDING SALE:The number of properties placed in escrow during any given month.

REPORT NOTES:Reports published in July 2016 are based on data available at the end of June 2016. All reports presented are based on data supplied by the CRMLS or CLAW and Trendgraphix. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Information deemed reliable but not guaranteed.

Photography courtesy of Brian Holm, AvenueEye.com

http://AvenueEye.com

June Stats

Avg. & Median Price by Month

YearOver June June % Year 2015 2016 Change

Median Sold Price

Average Sold Price

Listings for Sale

Listings Pending

Listings Sold

Days On Market

$1,655

$2,593

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

Median Average

Median Price

Average Price Per Sq. Foot

Properties for Sale

Properties Pending Sales

Properties Sold

Days on Market (Sold Homes)

Monthly Supply of Inventory

Absorption Rate (closed sales)

$1,088 $1,412 30%

$911 $971 7%

135 118 -13%

73 66 -10%

87 58 -33%

38 49 29%

1.6 2 25%

64.4 49.2 -24%

Santa Monica

$1,412,000

$1,717,000

118

66

58

49

$1,412

$1,717

$-

$500

$1,000

$1,500

$2,000

$2,500

Jun.2015

July2015

Aug.2015

Sept.2015

Oct.2015

Nov.2015

Dec.2015

Jan.2016

Feb.2016

Mar.2016

Apr.2016

May2016

Jun.2016


June StatsYearOver June June % Year 2015 2016 Change

$1,655

$2,593

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

Median Average

Median Sold Price

Average Sold Price

Listings for Sale

Listings Pending

Listings Sold

Days On Market

Median Price


Properties for Sale


Properties Sold




$525 $845 61%

$523 $644 23%

52 42 -19%

49 50 2%

45 48 7%

38 29 -24%

1.2 0.9 -25%

86.5 114.3 32%

culver city

$845,000

$926,000

42

50

48

29

$845

$926

$-

$100

$200

$300

$400

$500

$600

$700

$800

$900

$1,000

Jun.2015

July2015

Aug.2015

Sept.2015

Oct.2015

Nov.2015

Dec.2015

Jan.2016

Feb.2016

Mar.2016

Apr.2016

May2016

Jun.2016

June Stats



Median Sold Price

Average Sold Price

Listings for Sale

Listings Pending

Listings Sold

Days On Market

$1,655

$2,593

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

Median Average

Median Price


Properties for Sale


Properties Sold




PalMS/Mar viSta

$981 $1,023 4%

$715 $724 1%

39 55 41%

55 37 -33%

50 44 -12%

43 43 0%

0.8 1.3 63%

128.2 80 -38%

$1,023,000

$1,150,000

55

37

44

43

$1,023

$1,150

$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

Jun.2015

July2015

Aug.2015

Sept.2015

Oct.2015

Nov.2015

Dec.2015

Jan.2016

Feb.2016

Mar.2016

Apr.2016

May2016

Jun.2016



$1,655

$2,593

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

Median Average

Median Sold Price

Average Sold Price

Listings for Sale

Listings Pending

Listings Sold

Days On Market

Median Price


Properties for Sale


Properties Sold




Marina Del rey

$785 $893 14%

$666 $642 -4%

78 85 9%

33 38 15%

29 38 31%

78 51 -35%

2.7 2.2 -19%

37.2 44.7 20%

$893,000

$1,045,000

85

38

38

51

$893

$1,045

$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

Jun.2015

July2015

Aug.2015

Sept.2015

Oct.2015

Nov.2015

Dec.2015

Jan.2016

Feb.2016

Mar.2016

Apr.2016

May2016

Jun.2016

June Stats



Median Sold Price

Average Sold Price

Listings for Sale

Listings Pending

Listings Sold

Days On Market

$1,655

$2,593

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

Median Average

Median Price


Properties for Sale


Properties Sold




Playa Del rey

$623 $603 -3%

$597 $593 -1%

23 29 26%

12 14 17%

14 20 43%

39 39 0%

1.6 1.5 -6%

60.9 69 13%

$603,000

$829,000

29

14

20

39

$603

$829

$-

$100

$200

$300

$400

$500

$600

$700

$800

$900

$1,000

Jun.2015

July2015

Aug.2015

Sept.2015

Oct.2015

Nov.2015

Dec.2015

Jan.2016

Feb.2016

Mar.2016

Apr.2016

May2016

Jun.2016



$1,655

$2,593

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

Median Average

Median Sold Price

Average Sold Price

Listings for Sale

Listings Pending

Listings Sold

Days On Market

Median Price


Properties for Sale


Properties Sold




Playa viSta

$737 $945 28%

$554 $618 12%

9 19 111%

6 8 33%

14 10 -29%

32 38 19%

0.6 1.9 217%

155.6 52.6 -66%

$945,000

$1,097,000

19

8

10

38

$945

$1,097

$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

Jun.2015

July2015

Aug.2015

Sept.2015

Oct.2015

Nov.2015

Dec.2015

Jan.2016

Feb.2016

Mar.2016

Apr.2016

May2016

Jun.2016

June Stats



Median Sold Price

Average Sold Price

Listings for Sale

Listings Pending

Listings Sold

Days On Market

$1,655

$2,593

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

Median Average

Median Price


Properties for Sale


Properties Sold




WeStcheSter

$929 $972 5%

$559 $625 12%

32 38 19%

33 36 9%

44 36 -18%

30 36 20%

0.7 1.1 57%

137.5 94.7 -31%

$972,000

$1,051,000

38

36

36

36

$972

$1,051

$-

$200

$400

$600

$800

$1,000

$1,200

Jun.2015

July2015

Aug.2015

Sept.2015

Oct.2015

Nov.2015

Dec.2015

Jan.2016

Feb.2016

Mar.2016

Apr.2016

May2016

Jun.2016



$1,655

$2,593

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

Median Average

Median Sold Price

Average Sold Price

Listings for Sale

Listings Pending

Listings Sold

Days On Market

Median Price


Properties for Sale


Properties Sold




venice

$1,775 $1,642 -7%

$955 $1,160 21%

62 79 27%

26 22 -15%

27 24 -11%

64 68 6%

2.3 3.3 43%

43.5 30.4 -30%

$1,642,000

$2,249,000

79

22

24

68

$1,642

$2,249

$-

$500

$1,000

$1,500

$2,000

$2,500

Jun.2015

July2015

Aug.2015

Sept.2015

Oct.2015

Nov.2015

Dec.2015

Jan.2016

Feb.2016

Mar.2016

Apr.2016

May2016

Jun.2016

June Stats



Median Sold Price

Average Sold Price

Listings for Sale

Listings Pending

Listings Sold

Days On Market

$1,655

$2,593

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

Median Average

Median Price


Properties for Sale


Properties Sold




WeSt hollyWooD

$618 $759 23%

$617 $746 21%

103 112 9%

45 58 29%

60 45 -25%

51 45 -12%

1.7 2.5 47%

58.3 40.2 -31%

$759,000

$1,074,000

112

58

45

45

$759

$1,074

$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

Jun.2015

July2015

Aug.2015

Sept.2015

Oct.2015

Nov.2015

Dec.2015

Jan.2016

Feb.2016

Mar.2016

Apr.2016

May2016

Jun.2016



$1,655

$2,593

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

Median Average

Median Sold Price

Average Sold Price

Listings for Sale

Listings Pending

Listings Sold

Days On Market

Median Price


Properties for Sale


Properties Sold




ingleWooD

$350 $434 24%

$255 $308 21%

50 39 -22%

35 39 11%

37 30 -19%

44 38 -14%

1.4 1.3 -7%

74 76.9 4%

$434,000

$459,000

39

39

30

38

$434

$459

$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

$500

Jun.2015

July2015

Aug.2015

Sept.2015

Oct.2015

Nov.2015

Dec.2015

Jan.2016

Feb.2016

Mar.2016

Apr.2016

May2016

Jun.2016

June Stats



Median Sold Price

Average Sold Price

Listings for Sale

Listings Pending

Listings Sold

Days On Market

$1,655

$2,593

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

Median Average

Median Price


Properties for Sale


Properties Sold




SherMan oakS

$753 $852 13%

$453 $490 8%

188 216 15%

108 97 -10%

105 96 -9%

53 54 2%

1.8 2.3 28%

55.9 44.4 -21%

$852,000

$1,004,000

216

97

96

54

$852

$1,004

$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

Jun.2015

July2015

Aug.2015

Sept.2015

Oct.2015

Nov.2015

Dec.2015

Jan.2016

Feb.2016

Mar.2016

Apr.2016

May2016

Jun.2016



$1,655

$2,593

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

Median Average

Median Sold Price

Average Sold Price

Listings for Sale

Listings Pending

Listings Sold

Days On Market

Median Price


Properties for Sale


Properties Sold




Pacific PaliSaDeS

$2,250 $2,158 -4%

$894 $909 2%

100 124 24%

36 38 6%

35 44 26%

47 55 17%

2.9 2.8 -3%

35 35.5 1%

$2,158,000

$2,574,000

124

38

44

55

$2,158

$2,574

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

Jun.2015

July2015

Aug.2015

Sept.2015

Oct.2015

Nov.2015

Dec.2015

Jan.2016

Feb.2016

Mar.2016

Apr.2016

May2016

Jun.2016

June Stats



Median Sold Price

Average Sold Price

Listings for Sale

Listings Pending

Listings Sold

Days On Market

$1,655

$2,593

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

Median Average

Median Price


Properties for Sale


Properties Sold




WeStWooD/century city

$870 $1,045 20%

$656 $714 9%

229 179 -22%

72 79 10%

84 67 -20%

60 55 -8%

2.7 2.7 0%

36.7 37.4 2%

$1,045,000

$1,559,000

179

79

67

55

$1,045

$1,559

$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

Jun.2015

July2015

Aug.2015

Sept.2015

Oct.2015

Nov.2015

Dec.2015

Jan.2016

Feb.2016

Mar.2016

Apr.2016

May2016

Jun.2016



$1,655

$2,593

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

Median Average

Median Sold Price

Average Sold Price

Listings for Sale

Listings Pending

Listings Sold

Days On Market

Median Price


Properties for Sale


Properties Sold




$1,849 $1,475 -20%

$731 $792 8%

7 20 186%

8 13 63%

8 7 -13%

38 57 50%

0.9 2.9 222%

114.3 35 -69%

$1,475,000

$1,480,000

20

13

7

57

cheviot hillS

$1,475

$1,480

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

Jun.2015

July2015

Aug.2015

Sept.2015

Oct.2015

Nov.2015

Dec.2015

Jan.2016

Feb.2016

Mar.2016

Apr.2016

May2016

Jun.2016

June Stats



Median Sold Price

Average Sold Price

Listings for Sale

Listings Pending

Listings Sold

Days On Market

$1,655

$2,593

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

Median Average

Median Price


Properties for Sale


Properties Sold




$881,000

$1,005,000

45

22

36

49

WeSt loS angeleS

$765 $881 15%

$542 $617 14%

32 45 41%

23 22 -4%

42 36 -14%

42 49 17%

0.8 1.3 63%

131.3 80 -39%

$881

$1,005

$-

$200

$400

$600

$800

$1,000

$1,200

Jun.2015

July2015

Aug.2015

Sept.2015

Oct.2015

Nov.2015

Dec.2015

Jan.2016

Feb.2016

Mar.2016

Apr.2016

May2016

Jun.2016



$1,655

$2,593

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

Median Average

Median Sold Price

Average Sold Price

Listings for Sale

Listings Pending

Listings Sold

Days On Market

Median Price


Properties for Sale


Properties Sold




BrentWooD

$1,995,000

$2,300,000

132

48

41

45

$968 $1,995 106%

$783 $831 6%

139 132 -5%

49 48 -2%

54 41 -24%

47 45 -4%

2.8 2.8 0%

38.8 31.1 -20%

$1,995

$2,300

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

Jun.2015

July2015

Aug.2015

Sept.2015

Oct.2015

Nov.2015

Dec.2015

Jan.2016

Feb.2016

Mar.2016

Apr.2016

May2016

Jun.2016

June Stats



Median Sold Price

Average Sold Price

Listings for Sale

Listings Pending

Listings Sold

Days On Market

$1,655

$2,593

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

Median Average

Median Price


Properties for Sale


Properties Sold




hollyWooD

$653,000

$1,000,000

6

0

4

75

$731 $653 -11%

$525 $443 -16%

6 6 0%

4 0 -100%

8 4 -50%

38 75 97%

1.5 6 300%

133.3 66.7 -50%

$653

$1,000

$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

May2015

Jun.2015

July2015

Aug.2015

Sept.2015

Oct.2015

Nov.2015

Dec.2015

Jan.2016

Feb.2016

Mar.2016

Apr.2016

May2016

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