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WHAT IS A MARKET WITHIN A MARKET?
Just as the weather is different from Los Feliz to Santa Monica so is the Real Estate climate. While it
may be cloudy & overcast in Marina del Rey, at the same exact time, it may be warm & sunny in
the Mid Wilshire area. The Real Estate market works the same way. Year-to-year there may be a
significant sales increase in Venice while at the same time there is an alarming drop in sales price
from the Palms – Mar Vista area even though they are literally blocks from one another.
With our vast years of experience, we at Keller Williams have come to notice that like the need for a
sweater by the beach and a T-shirt in the Valley, every market within a market has a very different
climate and therefore requires its own set of statistics for you to truly understand what is going on in
your neighborhood. Although you can easily access the broad national, state, and/or country
trends published by the media, they may not have anything to do with what is occurring in your
own backyard. After all, you wouldn’t watch a weather channel report for Seattle to decide if you
need an umbrella that day would you?
WHY THIS BENEFITS YOU – OUR CLIENT
Our extensive experience & knowledge has led us to notice that markets within
markets may be performing in a different way from one another and from national
averages.
With the current stringent lending situation, having knowledge of the specialized
market trends for the neighborhood you are contemplating is vital for true success in
your transaction.
Don’t be mislead by ideas that are not actual facts.
What is in fact occurring in the markets of those areas may be counterintuitive of
notions or ideas you may have perceived from national averages. Knowledge is
power and knowing all the facts will give you the power to make the most educated
choice.
$2,032,540
$901
48
45
182
94
24.73%
$3,158,300
$964
29
34
170
86
20.00%
55.4%
7.0%
-39.6%
-24.4%
-6.6%
-8.5%
-19.1%
BEL AIR – HOLMBY HILLS SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$1,150,000
$583
70
69
117
53
58.97%
$1,272,500
$662
50
55
120
40
45.83%
10.7%
13.6%
-28.6%
-20.3%
2.6%
-24.1%
-22.3%
BEVERLY CENTER – MIRACLE MILE SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$508,000
$461
12
20
42
73
47.62%
$630,500
$499
27
25
61
43
40.98%
24.1%
8.2%
125.0%
25.0%
45.2%
-40.7%
-13.9%
BEVERLY CENTER – MIRACLE MILE CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$4,225,000
$983
46
46
165
72
27.88%
$4,943,875
$1,240
44
40
142
51
28.17%
17.0%
26.1%
-4.3%
-13.0%
-13.9%
-28.6%
1.0%
BEVERLY HILLS SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$920,000
$719
36
30
79
85
37.97%
$999,000
$623
35
36
92
68
39.13%
8.5%
-13.4%
-2.8%
20.0%
16.5%
-20.5%
3.0%
BEVERLY HILLS CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$2,227,500
$679
40
37
172
78
21.51%
$2,152,500
$758
38
37
182
73
20.33%
-4.7%
11.6%
-5.0%
0.0%
5.8%
-5.9%
-5.5%
BEVERLY HILLS P.O. SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$807,000
$490
44
40
86
56
46.51%
$910,000
$595
51
52
111
45
46.85%
12.8%
21.4%
15.9%
30.0%
29.1%
-19.5%
0.7%
BEVERLYWOOD SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$2,400,000
$849
77
79
192
55
41.15%
$2,785,000
$998
63
68
181
64
37.57%
16.0%
17.6%
-18.2%
-13.9%
-5.7%
16.1%
-8.7%
BRENTWOOD SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$682,500
$505
68
67
138
53
48.55%
$708,000
$510
54
57
140
43
40.71%
3.7%
1.0%
-20.6%
-14.9%
1.4%
-18.4%
-16.1%
BRENTWOOD CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$639,900
$404 7
16
29
41
55.17%
$624,450
$420
18
20
34
37
58.82%
-1.9%
4.0%
157.1%
25.0%
17.2%
-10.0%
6.6%
BURBANK SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$350,000
$326 5
4
15
43
26.67%
$390,000
$362 6
8
16
28
50.00%
11.4%
11.0%
20.0%
100.0%
6.7%
-36.1%
87.5%
BURBANK CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$960,000
$377
13
12
35
79
34.29%
$1,620,000
$399 8
7
26
58
26.92%
68.8%
5.8%
-38.5%
-41.7%
-25.7%
-27.0%
-21.5%
CALABASAS SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$1,430,500
$616
28
27
50
33
54.00%
$1,665,000
$724
26
24
43
32
55.81%
16.4%
17.5%
-7.1%
-11.1%
-14.0%
-1.3%
3.4%
CHEVIOT HILLS-RANCH PARK SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$810,000
$511
43
60
105
34
57.14%
$875,000
$578
49
40
75
27
53.33%
8.0%
13.1%
14.0%
-33.3%
-28.6%
-20.2%
-6.7%
CULVER CITY SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$375,000
$349
51
59
85
32
69.41%
$410,000
$403
48
57
98
31
58.16%
9.3%
15.5%
-5.9%
-3.4%
15.3%
-2.8%
-16.2%
CULVER CITY CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$276,500
$179
12
5
33
45
15.15%
$235,000
$195
15
16
42
42
38.10%
-15.0%
8.9%
25.0%
220.0%
27.3%
-7.8%
151.4%
DOWNTOWN SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$544,500
$547
90
76
200
49
38.00%
$565,000
$540
110
121
261
54
46.36%
3.8%
-1.3%
22.2%
59.2%
30.5%
9.4%
22.0%
DOWNTOWN CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$1,100,000
$412
32
34
96
55
35.42%
$1,225,000
$449
22
40
121
48
33.06%
11.4%
9.0%
-31.2%
17.6%
26.0%
-14.0%
-6.7%
ENCINO SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$285,000
$236 5
11
24
17
45.83%
$305,000
$237 7
13
28
34
46.43%
7.0%
0.4%
40.0%
18.2%
16.7%
95.5%
1.3%
ENCINO CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$1,184,500
$545
70
78
184
51
42.39%
$1,299,000
$606
63
73
180
48
40.56%
9.7%
11.2%
-10.0%
-6.4%
-2.2%
-4.7%
-4.3%
HANCOCK PARK-WILSHIRE SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$475,000
$526
11
17
37
82
45.92%
$1,102,500
$561
19
22
43
62
51.16%
132.1%
6.7%
72.7%
29.4%
16.2%
-23.9%
11.4%
HOLLYWOOD SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$560,000
$458
37
30
68
85
44.12%
$575,000
$545
49
42
88
66
47.73%
2.7%
19.0%
25.6%
40.0%
29.4%
-22.4%
8.2%
HOLLYWOOD CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$940,000
$478
49
37
114
65
32.46%
$1,115,000
$550
32
38
102
53
37.25%
18.6%
15.1%
-34.7%
2.7%
-10.5%
-18.5%
14.8%
HOLLYWOOD HILLS EAST SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$1,036,450
$537
61
76
156
52
48.72%
$1,370,000
$655
58
66
156
40
42.31%
32.2%
22.0%
-4.9%
-13.2%
0.0%
-23.8%
-13.2%
LOS FELIZ SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$432,500
$430 4
4 7
28
57.14%
$495,000
$450 7
7
12
33
58.33%
14.5%
4.7%
75.0%
75.0%
71.4%
18.3%
2.1%
LOS FELIZ CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$1,980,000
$683
39
45
288
165
15.62%
$2,475,000
$758
43
42
269
121
15.61%
25.0%
11.0%
10.3%
-6.7%
-6.6%
-26.5%
-0.1%
MALIBU SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$4,025,000
$1,812
13
9
110
126
8.18%
$5,165,625
$1,756 8
10
98
151
10.20%
28.3%
-3.1%
-38.5%
11.1%
-10.9%
19.4%
24.7%
MALIBU BEACH SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$1,767,500
$558
12
12
33
85
36.36%
$1,727,500
$593
20
12
34
53
35.29%
-2.3%
6.3%
66.7%
0.0%
3.0%
-37.7%
-2.9%
MARINA DEL REY SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$729,250
$499
72
78
207
73
37.68%
$782,500
$559
84
91
217
71
41.94%
7.3%
12.0%
16.7%
16.7%
4.8%
-2.5%
11.3%
MARINA DEL REY CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$470,000
$298
59
52
117
35
44.44%
$557,750
$330
48
51
114
43
44.74%
18.47%
10.7%
-18.6%
-1.9%
-2.6%
22.5%
0.7%
MID LOS ANGELES SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$466,250
$295 6
4
30
24
13.33%
$695,000
$356 6
15
37
37
40.54%
49.1%
20.7%
0.0%
275.0%
23.3%
54.7%
204.1%
MID WILSHIRE SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$2,085,000
$803
100
105
233
67
45.06%
$2,569,000
$896
86
110
214
58
51.40%
23.2%
11.6%
-14.0%
4.8%
-8.2%
-13.1%
14.1%
PACIFIC PALISADES SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$880,000
$557
86
89
133
38
66.92%
$1,040,000
$667
75
85
148
30
57.43%
18.2%
19.7%
-12.8%
-4.5%
11.3%
-21.5%
-14.2%
PALMS – MAR VISTA SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$2,105,000
$902
72
73
156
50
46.79%
$1,840,000
$948
60
74
150
50
49.33%
-12.6%
5.1%
-16.7%
1.4%
-3.8%
0.3%
5.4%
SANTA MONICA SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$733,125
$685
107
93
184
45
50.54%
$920,000
$840
127
131
251
41
52.19%
25.5%
22.6%
18.7%
40.9%
36.4%
-8.5%
3.3%
SANTA MONICA CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$929,000
$459
59
67
136
52
49.26%
$905,000
$465
59
73
160
43
45.62%
-2.6%
1.3%
0.0%
9.0%
17.6%
-17.4%
-7.4%
SHERMAN OAKS SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$440,000
$286
13
22
45
40
48.89%
$395,000
$328
25
21
67
45
31.34%
-10.2%
14.7%
92.3%
-4.5%
48.9%
12.0%
-35.9%
SHERMAN OAKS CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$739,000
$517
67
67
114
41
58.77%
$850,000
$569
73
75
133
38
56.39%
15.0%
10.1%
9.0%
11.9%
16.7%
-8.8%
-4.1%
SILVER LAKE – ECHO PARK SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$899,000
$497
35
40
105
50
38.10%
$1,350,000
$553
51
56
124
44
45.16%
50.2%
11.3%
45.7%
40.0%
18.1%
-12.1%
18.5%
STUDIO CITY SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$457,750
$328
16
24
43
52
55.81%
$565,000
$383
17
21
46
52
45.65%
23.4%
16.8%
6.2%
-12.5%
7.0%
0.0%
-18.2%
STUDIO CITY CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$1,462,500
$763
139
140
396
56
35.35%
$1,699,000
$764
101
114
384
67
29.69%
16.2%
0.1%
-27.3%
-18.6%
-3.0%
20.5%
-16.0%
SUNSET STRIP – HOLLYWOOD HILLS WEST SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$412,500
$646
20
20
40
57
50.00%
$439,800
$618
25
23
62
55
37.10%
6.6%
-4.3%
25.0%
15.0%
55.0%
-4.1%
-25.8%
SUNSET STRIP – HOLLYWOOD HILLS WEST CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$1,125,000
$494
27
32
82
98
39.02%
$1,067,500
$567
30
27
88
75
30.68%
-5.1%
14.8%
11.1%
-15.6%
7.3%
-24.1%
-21.4%
TOPANGA SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$1,512,500
$883
52
58
128
63
45.31%
$1,612,500
$891
58
58
113
35
51.33%
6.6%
0.9%
11.5%
0.0%
-11.7%
-43.8%
13.3%
VENICE SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$1,145,000
$651
25
20
33
46
60.61%
$1,164,250
$831
14
12
38
60
31.58%
1.7%
27.6%
-44.0%
-40.0%
15.2%
30.0%
-47.9%
VENICE CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$1,125,000
$742
37
36
77
40
46.75%
$1,269,813
$770
33
30
73
35
41.10%
12.9%
3.8%
-10.8%
-16.7%
-5.2%
-12.7%
-12.1%
WEST HOLLYWOOD SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$502,500
$482
92
98
234
48
41.88%
$632,500
$559
90
100
234
49
42.74%
25.9%
16.0%
-2.2%
2.0%
0.0%
1.1%
2.0%
WEST HOLLYWOOD CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$785,000
$591
19
17
38
30
44.74%
$880,000
$598
25
29
58
34
50.00%
12.1%
1.2%
31.6%
70.6%
52.6%
12.5%
11.8%
WEST LOS ANGELES SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$752,500
$462
68
78
118
37
66.10%
$801,750
$495
62
82
140
36
58.57%
6.5%
7.1%
-8.8%
5.1%
18.6%
-5.2%
-11.4%
WESTCHESTER SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$386,990
$307 7
5 9
79
55.56%
$408,000
$356 5
4
10
93
40.00%
5.4%
16.0%
-28.6%
-20.0%
11.1%
18.0%
-28.0%
WESTCHESTER CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$1,351,250
$671
58
46
99
39
46.46%
$1,610,000
$746
45
56
120
39
46.67%
19.1%
11.2%
-22.4%
21.7%
21.2%
0.6%
0.4%
WESTWOOD – CENTURY CITY SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$675,000
$493
147
133
426
63
31.22%
$754,000
$658
123
136
453
69
30.02%
11.7%
33.5%
-16.3%
2.3%
6.3%
9.5%
-3.8%
WESTWOOD – CENTURY CITY CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$650,000
$291
19
16
45
69
35.56%
$675,000
$324
21
21
71
62
29.58%
3.8%
11.3%
10.5%
31.2%
57.8%
-10.8%
-16.8%
WOODLAND HILLS SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q2 2013 Q2 2014 % CHANGE
$325,000
$300
15
15
23
25
65.22%
$322,500
$343 7
10
18
28
55.56%
-0.8%
14.3%
-53.3%
-33.3%
-21.7%
13.3%
-14.8%
WOODLAND HILLS CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Q1 2013 Q1 2014 % CHANGE
Glossary of Terms
Median Price: A value that separates the upper half of prices from the lower half of prices. It can be interpreted like an average, however the extreme prices (high and low) don’t hold undue. Average Price per Square Foot: The price per each property divided by their respective square footage then averaged across all properties sold in the area for a given time period. Properties Sold: The number of property transactions that closed and transferred ownership. Properties Pending Sale: The number of properties that entered escrow in preparation for sale.
Properties For Sale: The number of properties on the market and seeking buyers. Days on Market (Pending Sale): The number of days that properties currently in escrow were on the market. Absorption Rate: The rate at which the inventory of home for sale are being sold. Percent Under Contract: The ratio of properties to properties sale.