greater los angeles market update | q2 2016
DESCRIPTION
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Greater Los Angeles Market UpdateSecond Quarter 2016
Beverly Hills | Brentwood | Los Feliz | Malibu Pacific Palisades | Santa Monica | Sunset Strip | Topanga sothebyshomes.com/socal
To view our listings please visit sothebyshomes.com/socal
Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.
TABLE OF CONTENTS
MARKET AREA PGS.
FEATURED LISTINGS 4-5
Bel Air - Holmby Hills 6-7
Beverly Center - Miracle Mile 8-9
Beverly Hills 10-11
Beverly Hills Post Office 12-13
Beverlywood 14-15
Brentwood 16-17
Cheviot Hills - Rancho Park 18-19
Culver City 20-21
Downtown Los Angeles 22-23
Eagle Rock 24-25
Hancock Park 26-27
Hollywood 28-29
Hollywood Hills East 30-31
Los Feliz 32-33
Malibu 34-35
Malibu Beach 36-37
MARKET AREA PGS.
Marina Del Rey 38-39
Mid Los Angeles 40-41
Mid Wilshire 42-43
Mount Washington 44-45
Pacific Palisades 46-47
Palms - Mar Vista 48-49
Playa Del Rey 50-51
Playa Vista 52-53
Santa Monica 54-55
Silverlake - Echo Park 56-57
Sunset Strip - Hlwd Hills 58-59
Topanga 60-61
Venice 62-63
West Hollywood 64-65
West Los Angeles 66-67
Westchester 68-69
Westwood - Century City 70-71
AUCTION CALENDAR JUL | AUG | SEPT 2016
We invite you to explore our real estate listings at sothebyshomes.com and view the worldwide auction schedule at sothebys.com Enquiries +1 212 606 7000. Sotheby’s 72 & York Register now at sothebys.com
SOTHEBY’S, INC. LICENSE NO. 1216058. © SOTHEBY’S, INC. 2016
Old Master and British Works on Paper Including drawings from the Oppé CollectionLondon 05-06 July
Celebration of the English Watch Part II: John Harrison’s Enduring DiscoveryLondon 07 July
Victorian, Pre-Raphaelite & British Impressionist ArtLondon 14 July
Contemporary LivingNew York 28 July
RM Sotheby’s: Motor CityMichigan 30 July
RM Sotheby’s: MontereyMonterey 19 August
A Unique Crystal Magnum Decanter of Special Louis XIII Cognac Engraved with a Map of the Americas & Finest & Rarest WinesNew York 09-10 September
Asia WeekNew York 13-17 September
Important JewelsNew York 22 September
Contemporary CuratedNew York 29 September
CRYSTAL MAGNUM DECANTER OF UNIQUE LOUIS XIII COGNAC -
AMERICAS EDITION
Estimate $100,000+ New York 10 September
An Asia and Europe edition were also commissioned and will be offered in Hong Kong on 1 October and in
London on 16 November, respectively
left to right from top to bottom:
METROPOLITAN MARKETS
NEW YORK, NY | Web: 0138486 | $5,600,000
LOS ANGELES, CA | Web: 0308644 | $5,555,000
HOUSTON, TX | Web: 1233885 | $5,495,000
RESORT MARKETS
MONTECITO, CA | Web: 0113991 | $5,950,000
SONOMA, CA | Web: 0244108 | $5,850,000
EAST HAMPTON, NY | Web: 0047323 | $4,995,000
FOREIGN MARKETS
ISRAEL | Web: WPKBBF | $5,973,871
THAILAND | Web: 3WLKEC | $5,700,000
IBIZA | Web: RCQ57V | $5,508,569
sothebysrealty.com
ON THE MARKET
MALIBU, CAWeb ID: 0027453 | $8,925,000
Exclusive Point Dume Nantucket Estate; 5
bedrooms, plus 1-bedroom guest house.
Beverly Hills Brokerage
Leslie Kavanaugh | 310.860.4516
FEATURED LISTINGS IN LOS ANGELES
Cover property:
MALIBU, CAWeb ID: 1300116 | $6,650,000
Beautiful, recently updated Cape Cod-style beach
home in Malibu Cove Colony.
Malibu - Point Dume Brokerage
Tony Mark | 310.457.6275
SHERMAN OAKS, CAWeb ID: 0308719 | $2,799,000
Incredible gated Mediterranean estate in a highly
desirable “South of the Boulevard” location.
Sunset Strip Brokerage
Corey Nelson | 310.927.0095
6
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
Bel Air is encompassed by a prestigious and well-known pocket of Los Angeles
known as the Golden Triangle, including Bel Air, Beverly Hills and Holmby Hills.
Bel Air real estate is tucked along the foothills of a section of the Santa Monica
Mountains on the north side and borders UCLA and Sunset Boulevard to the
south. Bel Air is approx. 12 miles from Downtown LA, minutes from the 405
freeway and close to the quaint Bel Air Hotel, yet it provides a feeling of serenity
and ever sought-after escape from metropolitan life. Homes vary from original
ranch style and modest one half stories to mansions with gorgeous views of
the canyon and city lights. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
BEL AIR - HOLMBY HILLS
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $5,144,955 $778,000 $1,847,720 $11,115,688
AVERAGE LIST PRICE PER SQUARE FOOT $1,212.79 $971.29 $725.96 $1,524.45
AVERAGE SOLD PRICE $4,630,034 $710,000 $1,821,972 $9,752,638
AVERAGE SOLD PRICE PER SQUARE FOOT $1,089.08 $886.39 $715.85 $1,328.42
TOTAL SFH SOLD 44 3 25 16
TOTAL SFH FOR SALE AT END OF PERIOD 109 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 7.4 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 90% 91% 99% 88%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $5,867,800 $702,333 $1,944,954 $12,779,000
AVERAGE LIST PRICE PER SQUARE FOOT $1,230.88 $540.12 $658.19 $1,579.00
AVERAGE SOLD PRICE $5,264,467 $743,000 $1,962,059 $11,113,114
AVERAGE SOLD PRICE PER SQUARE FOOT $1,102.53 $571.39 $663.98 $1,369.18
TOTAL SFH SOLD 46 3 26 17
TOTAL SFH FOR SALE AT END OF PERIOD 89 - 2 29
AVERAGE MONTHLY SUPPLY OF INVENTORY 5.8 - 0.2 5.1
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 90% 106% 101% 87%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -12% 11% -5% -13%
AVERAGE LIST PRICE PER SQUARE FOOT -1% 80% 10% -3%
AVERAGE SOLD PRICE -12% -4% -7% -12%
AVERAGE SOLD PRICE PER SQUARE FOOT -1% 55% 8% -3%
TOTAL SFH SOLD -4% 0% -4% -6%
TOTAL SFH FOR SALE AT END OF PERIOD 22% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 28% 0% -100% -100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% -14% -2% 1%
(Source: MLS/CLAW)
7
CONDOMINIUM SALES BEL AIR - HOLMBY HILLS
In Bel Air - Holmby Hills there were 12 single family home sales in June 2016, down from 21 in June 2015 and a 25%
decrease from the 16 sales closed last month. The average list price for single family home sales in June 2016 was
$7,736,667 compared to $5,189,471 for June 2015, representing a 49% increase. For the three-month period from April to
June 2016, the average list price was 12% lower than the same period of the prior year. Average sales price for June 2016
was $7,112,321, compared to that of April through June 2016, which was $4,630,034. These results indicate that the sale
price is trending up. Comparing June 2016 to May 2016, Bel Air - Holmby Hills saw a 47% increase in average sale price,
and a 47% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $922,850 $690,738 $1,232,333 $-
AVERAGE LIST PRICE PER SQUARE FOOT $458.51 $478.60 $444.56 $-
AVERAGE SOLD PRICE $886,143 $689,500 $1,148,333 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $440.27 $477.74 $414.26 $-
TOTAL CONDOS SOLD 7 4 3 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 1 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 0.4 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 96% 100% 93% 0%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $495,000 $495,000 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $471.43 $471.43 $- $-
AVERAGE SOLD PRICE $480,000 $480,000 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $457.14 $457.14 $- $-
TOTAL CONDOS SOLD 1 1 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 4 - 3 1
AVERAGE MONTHLY SUPPLY OF INVENTORY 12.0 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 97% 0% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 86% 40% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT -3% 2% 0% 0%
AVERAGE SOLD PRICE 85% 44% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT -4% 5% 0% 0%
TOTAL CONDOS SOLD 600% 300% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -75% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -96% 0% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% 3% 0% 0%
(Source: MLS/CLAW)
JUNE MARKET OVERVIEW
8
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
BEVERLY CENTER - MIRACLE MILE
The Beverly Center-Miracle Mile area of Los Angeles, known for its original
Spanish two-story homes, duplexes and single-family homes, borders the Mid
Los Angeles and Fairfax Districts as well as Hancock Park. The many original
Spanish two-story homes, duplexes and single-family homes make up one of
the city’s most densely populated and commercial sections. The area is home
to the world-famous Los Angeles County Museum of Modern Art (LACMA),
the La Brea Tar Pits and the Petersen Automotive Museum, which all make
up Museum Row. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,913,486 $811,150 $1,676,082 $3,405,800
AVERAGE LIST PRICE PER SQUARE FOOT $777.47 $664.60 $789.08 $777.19
AVERAGE SOLD PRICE $1,895,187 $843,333 $1,666,919 $3,325,238
AVERAGE SOLD PRICE PER SQUARE FOOT $772.10 $690.97 $786.69 $760.55
TOTAL SFH SOLD 51 6 35 10
TOTAL SFH FOR SALE AT END OF PERIOD 52 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.1 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 104% 99% 98%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,683,202 $826,644 $1,754,150 $3,165,000
AVERAGE LIST PRICE PER SQUARE FOOT $672.03 $489.91 $691.60 $714.29
AVERAGE SOLD PRICE $1,683,612 $848,861 $1,754,016 $3,108,333
AVERAGE SOLD PRICE PER SQUARE FOOT $671.30 $503.08 $690.41 $701.50
TOTAL SFH SOLD 58 9 46 3
TOTAL SFH FOR SALE AT END OF PERIOD 36 - 2 29
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.9 - 0.1 29.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 103% 100% 98%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 14% -2% -4% 8%
AVERAGE LIST PRICE PER SQUARE FOOT 16% 36% 14% 9%
AVERAGE SOLD PRICE 13% -1% -5% 7%
AVERAGE SOLD PRICE PER SQUARE FOOT 15% 37% 14% 8%
TOTAL SFH SOLD -12% -33% -24% 233%
TOTAL SFH FOR SALE AT END OF PERIOD 44% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 64% 0% -100% -100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% 1% -1% -1%
(Source: MLS/CLAW)
9
CONDOMINIUM SALES
JUNE MARKET OVERVIEW
BEVERLY CENTER - MIRACLE MILE
In Beverly Center - Miracle Mile there were 18 single family home sales in June 2016, down from 20 in June 2015 and a 29% increase from the 14 sales closed last month. The average list price for single family home sales in June 2016 was $1,917,488 compared to $1,717,145 for June 2015, representing a 12% increase. For the three-month period from April to June 2016, the average list price was 14% higher than the same period of the prior year. Average sales price for June 2016 was $1,925,004, compared to that of April through June 2016, which was $1,895,187. These results indicate that the sale price is trending up. Comparing June 2016 to May 2016, Beverly Center - Miracle Mile saw a 12% increase in average sale price, and a 12% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $769,656 $729,268 $1,274,500 $-
AVERAGE LIST PRICE PER SQUARE FOOT $593.01 $575.71 $749.04 $-
AVERAGE SOLD PRICE $766,362 $728,750 $1,236,509 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $590.67 $575.59 $726.72 $-
TOTAL CONDOS SOLD 27 25 2 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 21 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.3 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 97% 0%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $706,419 $671,840 $1,398,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $506.27 $503.52 $533.18 $-
AVERAGE SOLD PRICE $694,919 $662,665 $1,340,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $498.22 $496.91 $511.06 $-
TOTAL CONDOS SOLD 21 20 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 19 - 17 2
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.7 - 51.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 99% 96% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 9% 9% -9% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 17% 14% 40% 0%
AVERAGE SOLD PRICE 10% 10% -8% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 19% 16% 42% 0%
TOTAL CONDOS SOLD 29% 25% 100% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 11% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -14% 0% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 1% 1% 0%
(Source: MLS/CLAW)
10
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
BEVERLY HILLS
Beverly Hill, located within the Golden Triangle, is nestle up against the foothills of the
Santa Monica Mountains on the north side. Beverly Hills is bordered by Westwood
Village and Century City on the west, West Hollywood and Fairfax District on the east,
and Los Angeles City and the 10 freeway on the South. Rodeo Drive between Wilshire
Boulevard and Sunset Boulevard include not only the ultimate shopping mecca,
but an area of large homes referred to as the Flats,. The blocks were designed by
landscape architect William D. Cook, with large lots and wide curving streets lined with
palm, eucalyptus and acacia trees and a three-block 80-foot-wide park running along
Santa Monica Boulevard. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $7,253,860 $9,200 $2,426,625 $9,017,803
AVERAGE LIST PRICE PER SQUARE FOOT $1,434.73 $2.58 $961.37 $1,530.46
AVERAGE SOLD PRICE $6,868,271 $9,000 $2,422,188 $8,500,115
AVERAGE SOLD PRICE PER SQUARE FOOT $1,358.46 $2.52 $959.61 $1,442.60
TOTAL SFH SOLD 35 1 8 26
TOTAL SFH FOR SALE AT END OF PERIOD 78 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 6.7 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 95% 98% 100% 94%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $6,157,770 $- $2,054,278 $7,875,512
AVERAGE LIST PRICE PER SQUARE FOOT $1,503.20 $- $902.98 $1,637.85
AVERAGE SOLD PRICE $5,908,174 $- $2,060,889 $7,518,665
AVERAGE SOLD PRICE PER SQUARE FOOT $1,445.04 $- $905.89 $1,566.00
TOTAL SFH SOLD 61 - 18 43
TOTAL SFH FOR SALE AT END OF PERIOD 56 - - 11
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.8 - - 0.8
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 96% 0% 100% 95%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 18% 0% 18% 15%
AVERAGE LIST PRICE PER SQUARE FOOT -5% 0% 6% -7%
AVERAGE SOLD PRICE 16% 0% 18% 13%
AVERAGE SOLD PRICE PER SQUARE FOOT -6% 0% 6% -8%
TOTAL SFH SOLD -43% 0% -56% -40%
TOTAL SFH FOR SALE AT END OF PERIOD 39% 0% 0% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 143% 0% 0% -100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% 0% -1% -1%
(Source: MLS/CLAW)
11
CONDOMINIUM SALES
JUNE MARKET OVERVIEW
BEVERLY HILLS
In Beverly Hills there were 16 single family home sales in June 2016, down from 24 in June 2015 and a 78% increase from the 9 sales closed last month. The average list price for single family home sales in June 2016 was $7,724,868 compared to $6,362,375 for June 2015, representing a 21% increase. For the three-month period from April to June 2016, the average list price was 18% higher than the same period of the prior year. Average sales price for June 2016 was $7,430,000, compared to that of April through June 2016, which was $6,868,271. These results indicate that the sale price is trending up. Comparing June 2016 to May 2016, Beverly Hills saw a 28% increase in average sale price, and a 20% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,342,866 $753,318 $1,684,183 $-
AVERAGE LIST PRICE PER SQUARE FOOT $689.53 $540.65 $745.10 $-
AVERAGE SOLD PRICE $1,318,217 $751,409 $1,646,368 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $676.94 $539.28 $728.31 $-
TOTAL CONDOS SOLD 30 11 19 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 35 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.5 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 100% 98% 0%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,117,889 $775,125 $1,392,100 $-
AVERAGE LIST PRICE PER SQUARE FOOT $647.19 $610.19 $664.22 $-
AVERAGE SOLD PRICE $1,089,365 $758,188 $1,354,308 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $630.41 $596.14 $646.19 $-
TOTAL CONDOS SOLD 36 16 20 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 38 - 19 17
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.2 - 2.9 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 98% 97% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 20% -3% 21% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 7% -11% 12% 0%
AVERAGE SOLD PRICE 21% -1% 22% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 7% -10% 13% 0%
TOTAL CONDOS SOLD -17% -31% -5% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -8% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 11% 0% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 2% 0% 0%
(Source: MLS/CLAW)
12
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
BEVERLY HILLS POST OFFICE
Beverly Hills Post Office is home to grand estates, mansions and large
traditional homes as well as some of the most celebrated gated communities
in the area, including Mulholland Estates, The Summit, Beverly Ridge Estates
and perhaps the most famous, Beverly Park. Lying outside of the City of
Beverly Hills limits, Beverly Hills Post Office is part of Los Angeles, but is
assigned to use the postal services of Beverly Hills, which started in the early
1960s. Within the area some of the most desired grand estates, mansions
and large traditional homes in all of Southern California can be found.CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,955,074 $947,000 $1,838,905 $4,995,921
AVERAGE LIST PRICE PER SQUARE FOOT $803.88 $763.71 $702.20 $873.62
AVERAGE SOLD PRICE $2,909,051 $939,975 $1,842,955 $4,865,643
AVERAGE SOLD PRICE PER SQUARE FOOT $789.86 $758.04 $700.79 $850.84
TOTAL SFH SOLD 38 2 22 14
TOTAL SFH FOR SALE AT END OF PERIOD 127 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 10.0 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 99% 100% 97%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $3,386,044 $847,000 $2,153,500 $5,210,211
AVERAGE LIST PRICE PER SQUARE FOOT $908.90 $821.93 $679.21 $1,097.88
AVERAGE SOLD PRICE $3,248,767 $749,697 $2,111,021 $4,948,981
AVERAGE SOLD PRICE PER SQUARE FOOT $872.24 $727.51 $666.74 $1,042.84
TOTAL SFH SOLD 45 2 24 19
TOTAL SFH FOR SALE AT END OF PERIOD 87 - 2 22
AVERAGE MONTHLY SUPPLY OF INVENTORY 5.8 - 0.3 3.5
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 96% 89% 98% 95%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -13% 12% -15% -4%
AVERAGE LIST PRICE PER SQUARE FOOT -12% -7% 3% -20%
AVERAGE SOLD PRICE -10% 25% -13% -2%
AVERAGE SOLD PRICE PER SQUARE FOOT -9% 4% 5% -18%
TOTAL SFH SOLD -16% 0% -8% -26%
TOTAL SFH FOR SALE AT END OF PERIOD 46% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 73% 0% -100% -100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 3% 12% 2% 3%
(Source: MLS/CLAW)
13
CONDOMINIUM SALES
JUNE MARKET OVERVIEW
BEVERLY HILLS POST OFFICE
In Beverly Hills Post Office there were 14 single family home sales in June 2016, down from 20 in June 2015 and a 8%
increase from the 13 sales closed last month. The average list price for single family home sales in June 2016 was
$2,940,850 compared to $4,070,900 for June 2015, representing a 28% decrease. For the three-month period from April
to June 2016, the average list price was 13% lower than the same period of the prior year. Average sales price for June
2016 was $2,826,568, compared to that of April through June 2016, which was $2,909,051. These results indicate that
the sale price is trending down. Comparing June 2016 to May 2016, Beverly Hills Post Office saw a 4% decrease in average
sale price, and a 27% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $- $- $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $- $- $- $-
AVERAGE SOLD PRICE $- $- $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $- $- $- $-
TOTAL CONDOS SOLD - - - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $- $- $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $- $- $- $-
AVERAGE SOLD PRICE $- $- $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $- $- $- $-
TOTAL CONDOS SOLD - - - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 0% 0% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 0% 0% 0% 0%
AVERAGE SOLD PRICE 0% 0% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 0% 0% 0% 0%
TOTAL CONDOS SOLD 0% 0% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 0% 0% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 0% 0% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
(Source: MLS/CLAW)
14
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
Beverlywood is an upscale neighborhood in Los Angeles strategically placed
near the heart of one of the world’s largest cities, and is the ideal home for
anyone from couples raising families to retirees. The community is friendly
and features tree-lined streets, lush green parks, fancy storefronts, sidewalk
delis and cozy cafes for its residents. Almost all of Beverlywood’s inhabitants
live in single-family homes built between the 1920s and the 1950s, with the
oldest homes in the areas near Beverly Hills. Beverlywood residents enjoy an
upscale community of homes constructed from 1920s through the 1950s. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
BEVERLYWOOD
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,322,669 $785,250 $1,394,781 $3,999,500
AVERAGE LIST PRICE PER SQUARE FOOT $673.61 $553.21 $694.34 $858.18
AVERAGE SOLD PRICE $1,321,394 $806,184 $1,394,419 $3,800,000
AVERAGE SOLD PRICE PER SQUARE FOOT $676.31 $567.96 $694.16 $858.18
TOTAL SFH SOLD 63 16 45 2
TOTAL SFH FOR SALE AT END OF PERIOD 49 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.3 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 103% 100% 95%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,131,309 $822,158 $1,486,259 $-
AVERAGE LIST PRICE PER SQUARE FOOT $621.88 $563.00 $666.13 $-
AVERAGE SOLD PRICE $1,142,313 $833,339 $1,497,061 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $627.93 $570.65 $670.97 $-
TOTAL SFH SOLD 58 31 27 -
TOTAL SFH FOR SALE AT END OF PERIOD 32 - 9 22
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.7 - 1.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 101% 101% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 17% -4% -6% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 8% -2% 4% 0%
AVERAGE SOLD PRICE 16% -3% -7% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 8% 0% 3% 0%
TOTAL SFH SOLD 9% -48% 67% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 53% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 41% 0% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% 1% -1% 0%
(Source: MLS/CLAW)
15
CONDOMINIUM SALES BEVERLYWOOD
JUNE MARKET OVERVIEWIn Beverlywood there were 23 single family home sales in June 2016, up from 19 in June 2015 and a similar performance from the 23 sales closed last month. The average list price for single family home sales in June 2016 was $1,273,797 almost matching $1,290,474 for June 2015. For the three-month period from April to June 2016, the average list price was 17% higher than the same period of the prior year. Average sales price for June 2016 was $1,262,310, compared to that of April through June 2016, which was $1,321,394. These results indicate that the sale price is trending down. Comparing June 2016 to May 2016, Beverlywood saw a 11% decrease in average sale price, and a 4% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $695,572 $671,841 $1,099,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $527.28 $521.85 $591.18 $-
AVERAGE SOLD PRICE $707,059 $678,886 $1,186,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $535.99 $527.33 $637.98 $-
TOTAL CONDOS SOLD 18 17 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 5 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 0.8 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 101% 108% 0%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $697,083 $582,100 $1,272,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $523.20 $486.18 $633.62 $-
AVERAGE SOLD PRICE $675,324 $585,000 $1,126,944 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $506.87 $488.60 $561.37 $-
TOTAL CONDOS SOLD 12 10 2 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 12 - 11 1
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.0 - 16.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 100% 89% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 0% 15% -14% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 1% 7% -7% 0%
AVERAGE SOLD PRICE 5% 16% 5% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 6% 8% 14% 0%
TOTAL CONDOS SOLD 50% 70% -50% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -58% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -72% 0% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 5% 1% 22% 0%
(Source: MLS/CLAW)
16
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
Brentwood is one of the wealthiest areas of Los Angeles, populated by affluent
professionals, political figures and celebrities. Known for its Spanish-style homes,
condos and traditional homes, Brentwood has prosperous commercial districts
along each of its major east-west thoroughfares, Wilshire Boulevard, San Vicente
Boulevard and Sunset Boulevard. The Spanish-style and traditional-style homes
as well as the condos of Brentwood are located at the base of the Santa Monica
Mountains. Brentwood was once part of the Rancho San Vicente y Santa Monica,
a Mexican land-grant ranch sold off in pieces by the Sepulveda family after the
Mexican-American War. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
BRENTWOOD
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $4,145,784 $- $2,128,649 $6,162,919
AVERAGE LIST PRICE PER SQUARE FOOT $1,082.19 $- $761.21 $1,284.64
AVERAGE SOLD PRICE $4,084,502 $- $2,146,483 $6,022,521
AVERAGE SOLD PRICE PER SQUARE FOOT $1,064.86 $- $767.59 $1,252.36
TOTAL SFH SOLD 74 - 37 37
TOTAL SFH FOR SALE AT END OF PERIOD 95 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.9 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 0% 101% 98%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $3,190,841 $- $2,088,793 $4,706,156
AVERAGE LIST PRICE PER SQUARE FOOT $949.07 $- $807.13 $1,065.42
AVERAGE SOLD PRICE $3,277,093 $- $2,140,135 $4,840,411
AVERAGE SOLD PRICE PER SQUARE FOOT $976.48 $- $828.72 $1,097.61
TOTAL SFH SOLD 76 - 44 32
TOTAL SFH FOR SALE AT END OF PERIOD 85 - - 32
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.4 - - 3.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 103% 0% 102% 103%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 30% 0% 2% 31%
AVERAGE LIST PRICE PER SQUARE FOOT 14% 0% -6% 21%
AVERAGE SOLD PRICE 25% 0% 0% 24%
AVERAGE SOLD PRICE PER SQUARE FOOT 9% 0% -7% 14%
TOTAL SFH SOLD -3% 0% -16% 16%
TOTAL SFH FOR SALE AT END OF PERIOD 12% 0% 0% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 15% 0% 0% -100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -4% 0% -2% -5%
(Source: MLS/CLAW)
17
CONDOMINIUM SALES BRENTWOOD
JUNE MARKET OVERVIEWIn Brentwood there were 24 single family home sales in June 2016, up from 23 in June 2015 and a 14% decrease from the 28 sales closed last month. The average list price for single family home sales in June 2016 was $3,469,750 compared to $3,210,174 for June 2015, representing an 8% increase. For the three-month period from April to June 2016, the average list price was 30% higher than the same period of the prior year. Average sales price for June 2016 was $3,475,140, compared to that of April through June 2016, which was $4,084,502. These results indicate that the sale price is trending down. Comparing June 2016 to May 2016, Brentwood saw a 20% decrease in average sale price, but a 8% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,009,591 $706,370 $1,514,958 $-
AVERAGE LIST PRICE PER SQUARE FOOT $611.64 $569.46 $648.08 $-
AVERAGE SOLD PRICE $1,003,663 $716,398 $1,482,438 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $607.72 $577.11 $634.16 $-
TOTAL CONDOS SOLD 64 40 24 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 29 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.4 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 101% 98% 0%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $830,599 $727,430 $1,329,250 $-
AVERAGE LIST PRICE PER SQUARE FOOT $574.46 $568.13 $591.92 $-
AVERAGE SOLD PRICE $833,110 $733,207 $1,315,975 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $576.20 $572.64 $586.01 $-
TOTAL CONDOS SOLD 70 58 12 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 48 - 29 19
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.1 - 7.3 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 101% 99% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 22% -3% 14% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 6% 0% 9% 0%
AVERAGE SOLD PRICE 20% -2% 13% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 5% 1% 8% 0%
TOTAL CONDOS SOLD -9% -31% 100% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -40% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -34% 0% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% 1% -1% 0%
(Source: MLS/CLAW)
18
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
Cheviot Hills and Rancho Park are both situated within a short drive of Fox
Studios and Sony Studios. Cheviot Hills provides excellent views of much
of the Los Angeles. Cheviot Hills’ gently rolling hills are reminiscent of the
Cheviot Hills area of Scotland, which is how the area got its name. Rancho
Park, though a small residential neighborhood in West Los Angeles, is one
of the few districts in Los Angeles where fall foliage can be seen. Nestled
between Westwood and Cheviot Hills, Rancho Park is mostly filled with
single-family homes and tree-lined streets. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
CHEVIOT HILLS - RANCHO PARK
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,141,364 $899,000 $2,009,278 $3,348,000
AVERAGE LIST PRICE PER SQUARE FOOT $796.29 $429.73 $790.47 $887.59
AVERAGE SOLD PRICE $2,065,682 $960,000 $1,940,139 $3,187,500
AVERAGE SOLD PRICE PER SQUARE FOOT $768.15 $458.89 $763.27 $845.04
TOTAL SFH SOLD 22 1 18 3
TOTAL SFH FOR SALE AT END OF PERIOD 18 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.5 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 96% 107% 97% 95%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,967,917 $938,000 $1,881,048 $3,395,000
AVERAGE LIST PRICE PER SQUARE FOOT $745.12 $647.79 $739.00 $800.24
AVERAGE SOLD PRICE $1,954,353 $880,000 $1,868,070 $3,397,500
AVERAGE SOLD PRICE PER SQUARE FOOT $739.98 $607.73 $733.91 $800.82
TOTAL SFH SOLD 24 1 21 2
TOTAL SFH FOR SALE AT END OF PERIOD 7 - - 3
AVERAGE MONTHLY SUPPLY OF INVENTORY 0.9 - - 4.5
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 94% 99% 100%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 9% -4% 7% -1%
AVERAGE LIST PRICE PER SQUARE FOOT 7% -34% 7% 11%
AVERAGE SOLD PRICE 6% 9% 4% -6%
AVERAGE SOLD PRICE PER SQUARE FOOT 4% -24% 4% 6%
TOTAL SFH SOLD -8% 0% -14% 50%
TOTAL SFH FOR SALE AT END OF PERIOD 157% 0% 0% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 181% 0% 0% -100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -3% 14% -3% -5%
(Source: MLS/CLAW)
19
CONDOMINIUM SALES CHEVIOT HILLS - RANCHO PARK
JUNE MARKET OVERVIEWIn Cheviot Hills - Rancho Park there were 8 single family home sales in June 2016, which is the same as June 2015 and a similar performance from the 8 sales closed last month. The average list price for single family home sales in June 2016 was $1,486,125 compared to $1,970,000 for June 2015, representing a 25% decrease. For the three-month period from April to June 2016, the average list price was 9% higher than the same period of the prior year. Average sales price for June 2016 was $1,469,063, compared to that of April through June 2016, which was $2,065,682. These results indicate that the sale price is trending down. Comparing June 2016 to May 2016, Cheviot Hills - Rancho Park saw a 41% decrease in average sale price, and a 26% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $- $- $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $- $- $- $-
AVERAGE SOLD PRICE $- $- $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $- $- $- $-
TOTAL CONDOS SOLD - - - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $- $- $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $- $- $- $-
AVERAGE SOLD PRICE $- $- $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $- $- $- $-
TOTAL CONDOS SOLD - - - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 0% 0% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 0% 0% 0% 0%
AVERAGE SOLD PRICE 0% 0% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 0% 0% 0% 0%
TOTAL CONDOS SOLD 0% 0% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 0% 0% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 0% 0% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
(Source: MLS/CLAW)
20
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
Charming Culver City, with its condos and traditional and Spanish-style homes,
is a town of galleries, shops, cafes and entrepreneurial businesses. Culver City
has been a focal point for motion picture studios since the 1920s and more
recently for television production, having been home to MGM Studios, the
Culver Studios and now Sony Picture Entertainment. Home of the Kirk Douglas
Theatre, Helms Bakeries and the Culver Hotel, Culver City’s condos, traditional
homes and Spanish-style homes offer a combination of urban living and small
town charm. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
CULVER CITY
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,153,497 $834,354 $1,339,665 $-
AVERAGE LIST PRICE PER SQUARE FOOT $685.01 $662.47 $693.58 $-
AVERAGE SOLD PRICE $1,191,336 $847,732 $1,391,771 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $707.48 $673.09 $720.56 $-
TOTAL SFH SOLD 76 28 48 -
TOTAL SFH FOR SALE AT END OF PERIOD 28 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.1 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 103% 102% 104% 0%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $984,459 $811,361 $1,135,223 $-
AVERAGE LIST PRICE PER SQUARE FOOT $617.31 $622.12 $614.35 $-
AVERAGE SOLD PRICE $1,012,533 $824,704 $1,176,126 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $634.91 $632.35 $636.49 $-
TOTAL SFH SOLD 58 27 31 -
TOTAL SFH FOR SALE AT END OF PERIOD 33 - 14 19
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.7 - 1.4 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 103% 102% 104% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 17% 3% 18% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 11% 6% 13% 0%
AVERAGE SOLD PRICE 18% 3% 18% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 11% 6% 13% 0%
TOTAL SFH SOLD 31% 4% 55% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -15% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -35% 0% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
(Source: MLS/CLAW)
21
CONDOMINIUM SALES CULVER CITY
JUNE MARKET OVERVIEWIn Culver City there were 28 single family home sales in June 2016, up from 18 in June 2015 and a 33% increase from the 21 sales closed last month. The average list price for single family home sales in June 2016 was $1,224,786 compared to $980,328 for June 2015, representing a 25% increase. For the three-month period from April to June 2016, the average list price was 17% higher than the same period of the prior year. Average sales price for June 2016 was $1,273,125, compared to that of April through June 2016, which was $1,191,336. These results indicate that the sale price is trending up. Comparing June 2016 to May 2016, Culver City saw a 16% increase in average sale price, and a 25% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $475,701 $463,227 $1,299,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $451.09 $447.40 $559.91 $-
AVERAGE SOLD PRICE $488,692 $475,869 $1,335,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $463.41 $459.61 $575.43 $-
TOTAL CONDOS SOLD 67 66 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 16 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 0.7 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 103% 103% 103% 0%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $490,656 $484,749 $975,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $419.60 $417.58 $522.51 $-
AVERAGE SOLD PRICE $500,995 $494,604 $1,025,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $428.44 $426.07 $549.30 $-
TOTAL CONDOS SOLD 83 82 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 15 - 15 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 0.5 - 45.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 102% 105% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -3% -4% 33% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 8% 7% 7% 0%
AVERAGE SOLD PRICE -2% -4% 30% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 8% 8% 5% 0%
TOTAL CONDOS SOLD -19% -20% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 7% 0% -100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 32% 0% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 1% -2% 0%
(Source: MLS/CLAW)
22
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
Downtown Los Angeles offers urban living with its condos and lofts, and its
central business district with skyscrapers, multinational corporations, popular
art institutions, public art displays, sightseeing opportunities, sports facilities
and shopping. Home to world-famous establishments like The Walt Disney
Concert Hall, Staples Center, Cathedral of our Lady of the Angels and the
University of Southern California, Downtown Los Angeles borders Lincoln
Heights and the LA River to the east, Hollywood to the north, the Santa Monica
Freeway to the south, and the Harbor Freeway to the west. Perfect for those
seeking condos and lofts. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
DOWNTOWN LOS ANGELES
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $359,055 $359,055 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $257.99 $257.99 $- $-
AVERAGE SOLD PRICE $358,745 $358,745 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $257.76 $257.76 $- $-
TOTAL SFH SOLD 29 29 - -
TOTAL SFH FOR SALE AT END OF PERIOD 25 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.6 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 0% 0%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $330,795 $330,795 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $217.28 $217.28 $- $-
AVERAGE SOLD PRICE $332,177 $332,177 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $218.19 $218.19 $- $-
TOTAL SFH SOLD 22 22 - -
TOTAL SFH FOR SALE AT END OF PERIOD 28 - 27 1
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.8 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 0% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 9% 9% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 19% 19% 0% 0%
AVERAGE SOLD PRICE 8% 8% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 18% 18% 0% 0%
TOTAL SFH SOLD 32% 32% 0% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -11% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -32% 0% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% -1% 0% 0%
(Source: MLS/CLAW)
23
CONDOMINIUM SALES DOWNTOWN LOS ANGELES
JUNE MARKET OVERVIEWIn Downtown L.A. there were 30 condominium sales in June 2016, down from 42 in June 2015 and a 32% decrease from the 44 sales closed last month. The average list price for condo sales in June 2016 was $803,800 compared to $647,774 for June 2015, representing a 24% increase. For the three-month period from April to June 2016, the average list price was 7% higher than the same period of the prior year. Average sales price for June 2016 was $789,098, compared to that of April through June 2016, which was $707,950. These results indicate that the sale price is trending up. Comparing June 2016 to May 2016, Downtown L.A. saw a 8% increase in average sale price, and a 23% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $720,857 $582,698 $1,791,583 $-
AVERAGE LIST PRICE PER SQUARE FOOT $655.11 $591.09 $896.54 $-
AVERAGE SOLD PRICE $707,950 $573,492 $1,750,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $643.27 $581.62 $875.73 $-
TOTAL CONDOS SOLD 105 93 12 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 137 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.9 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 98% 0%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $676,858 $568,829 $1,564,778 $3,325,000
AVERAGE LIST PRICE PER SQUARE FOOT $589.75 $540.36 $813.67 $930.98
AVERAGE SOLD PRICE $670,312 $563,226 $1,560,556 $3,250,000
AVERAGE SOLD PRICE PER SQUARE FOOT $584.21 $535.23 $811.47 $909.98
TOTAL CONDOS SOLD 134 123 9 2
TOTAL CONDOS FOR SALE AT END OF PERIOD 105 - 86 16
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.4 - 28.7 24.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 100% 98%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 7% 2% 14% -100%
AVERAGE LIST PRICE PER SQUARE FOOT 11% 9% 10% -100%
AVERAGE SOLD PRICE 6% 2% 12% -100%
AVERAGE SOLD PRICE PER SQUARE FOOT 10% 9% 8% -100%
TOTAL CONDOS SOLD -22% -24% 33% -100%
TOTAL CONDOS FOR SALE AT END OF PERIOD 30% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 67% 0% -100% -100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% -1% -2% -100%
(Source: MLS/CLAW)
24
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
Eagle Rock, a neighborhood of architectural and historic homes, is bordered
by Glendale on the north and west, Highland Park to the southeast, Glassell
Park to the southwest, and Pasadena and South Pasadena on the east. At
certain times of the day on the northern edge of Eagle Rock, an enormous
boulder projects a bird-shaped shadow resembling an eagle in flight, giving
the city its name. Since the 1920s, artists, writers and filmmakers have
moved to the architectural and historic homes of Eagle Rock, with Craftsman,
Georgian, Art Deco and Mission Revival styles.CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
EAGLE ROCK
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $811,729 $727,993 $1,141,437 $-
AVERAGE LIST PRICE PER SQUARE FOOT $496.57 $484.87 $530.59 $-
AVERAGE SOLD PRICE $814,833 $724,295 $1,171,325 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $498.33 $482.41 $544.61 $-
TOTAL SFH SOLD 79 63 16 -
TOTAL SFH FOR SALE AT END OF PERIOD 30 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.1 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 99% 103% 0%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $716,331 $707,205 $1,200,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $465.99 $465.34 $487.41 $-
AVERAGE SOLD PRICE $740,832 $732,168 $1,200,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $481.93 $481.76 $487.41 $-
TOTAL SFH SOLD 54 53 1 -
TOTAL SFH FOR SALE AT END OF PERIOD 37 - 27 10
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.1 - 81.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 103% 104% 100% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 13% 3% -5% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 7% 4% 9% 0%
AVERAGE SOLD PRICE 10% -1% -2% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 3% 0% 12% 0%
TOTAL SFH SOLD 46% 19% 1500% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -19% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -45% 0% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -3% -4% 3% 0%
(Source: MLS/CLAW)
25
CONDOMINIUM SALES EAGLE ROCK
JUNE MARKET OVERVIEWIn Eagle Rock there were 26 single family home sales in June 2016, up from 19 in June 2015 and a 26% decrease from the 35 sales closed last month. The average list price for single family home sales in June 2016 was $848,050 compared to $730,394 for June 2015, representing a 16% increase. For the three-month period from April to June 2016, the average list price was 13% higher than the same period of the prior year. Average sales price for June 2016 was $855,881, compared to that of April through June 2016, which was $814,833. These results indicate that the sale price is trending up. Comparing June 2016 to May 2016, Eagle Rock saw a 6% increase in average sale price, and a 12% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $472,000 $472,000 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $338.96 $338.96 $- $-
AVERAGE SOLD PRICE $468,000 $468,000 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $336.09 $336.09 $- $-
TOTAL CONDOS SOLD 2 2 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 0% 0%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $- $- $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $- $- $- $-
AVERAGE SOLD PRICE $- $- $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $- $- $- $-
TOTAL CONDOS SOLD - - - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 0% 0% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 0% 0% 0% 0%
AVERAGE SOLD PRICE 0% 0% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 0% 0% 0% 0%
TOTAL CONDOS SOLD 0% 0% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 0% 0% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 0% 0% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
(Source: MLS/CLAW)
26
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
Hancock Park is a historic neighborhood in Los Angeles, which was developed
in the 1920s by the Hancock family with profits earned from oil drilling. The
residential community is centrally located in the city and is bound by Wilshire
Boulevard, Melrose Avenue, Higland Avenue and Rossmore Avenue. Unusual for
most LA neighborhoods, residences in Hancock Park tend to be set back from
the street, most power and telephone lines are buried, and fences are a rarity. It
is located near both the Wilshire Country Club and the Los Angeles Tennis Club.
Hancock Park continues to be one of the most desirable areas in all of Southern
California to live. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
HANCOCK PARK
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,933,429 $841,767 $1,617,824 $4,093,500
AVERAGE LIST PRICE PER SQUARE FOOT $676.10 $424.44 $663.86 $770.41
AVERAGE SOLD PRICE $1,924,681 $842,444 $1,619,177 $4,034,750
AVERAGE SOLD PRICE PER SQUARE FOOT $673.04 $424.79 $664.41 $759.35
TOTAL SFH SOLD 72 9 51 12
TOTAL SFH FOR SALE AT END OF PERIOD 67 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.8 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 100% 99%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,718,028 $789,434 $1,619,466 $5,864,667
AVERAGE LIST PRICE PER SQUARE FOOT $642.31 $430.63 $619.08 $960.19
AVERAGE SOLD PRICE $1,708,670 $790,569 $1,605,655 $5,867,833
AVERAGE SOLD PRICE PER SQUARE FOOT $638.81 $431.25 $613.80 $960.71
TOTAL SFH SOLD 90 20 64 6
TOTAL SFH FOR SALE AT END OF PERIOD 69 - 17 40
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.3 - 0.8 20.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 100% 99% 100%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 13% 7% 0% -30%
AVERAGE LIST PRICE PER SQUARE FOOT 5% -1% 7% -20%
AVERAGE SOLD PRICE 13% 7% 1% -31%
AVERAGE SOLD PRICE PER SQUARE FOOT 5% -1% 8% -21%
TOTAL SFH SOLD -20% -55% -20% 100%
TOTAL SFH FOR SALE AT END OF PERIOD -3% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 21% 0% -100% -100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 1% -1%
(Source: MLS/CLAW)
27
CONDOMINIUM SALES HANCOCK PARK
JUNE MARKET OVERVIEWIn Hancock Park - Wilshire there were 25 single family home sales in June 2016, which is the same as June 2015 and a 32% increase from the 19 sales closed last month. The average list price for single family home sales in June 2016 was $1,821,400 compared to $1,966,594 for June 2015, representing a 7% decrease. For the three-month period from April to June 2016, the average list price was 13% higher than the same period of the prior year. Average sales price for June 2016 was $1,841,800, compared to that of April through June 2016, which was $1,924,681. These results indicate that the sale price is trending down. Comparing June 2016 to May 2016, Hancock Park - Wilshire saw a 8% decrease in average sale price, and a 6% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $588,131 $554,494 $1,249,667 $-
AVERAGE LIST PRICE PER SQUARE FOOT $493.67 $481.72 $630.08 $-
AVERAGE SOLD PRICE $577,431 $547,470 $1,166,667 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $484.69 $475.62 $588.24 $-
TOTAL CONDOS SOLD 62 59 3 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 66 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.2 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 99% 93% 0%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $572,863 $547,824 $1,925,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $439.18 $425.03 $899.11 $-
AVERAGE SOLD PRICE $566,673 $542,444 $1,875,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $434.43 $420.86 $875.76 $-
TOTAL CONDOS SOLD 55 54 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 39 - 36 3
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.1 - 108.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 97% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 3% 1% -35% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 12% 13% -30% 0%
AVERAGE SOLD PRICE 2% 1% -38% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 12% 13% -33% 0%
TOTAL CONDOS SOLD 13% 9% 200% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 69% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 50% 0% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% 0% -4% 0%
(Source: MLS/CLAW)
28
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
Hollywood puts you right in one of the most desirable districts of Los Angeles real
estate. Hollywood’s fame is rooted in its cultural identity, peerless entertainment
industry and historical significance as the origin of American cinema. Hollywood
is consistently the host of major events such as the Academy Awards and is
the paramount tourist attraction with Hollywood Boulevard, the Walk of Fame
and the Hollywood Bowl. From the red carpet to Hollywood’s 130-acre national
park, Runyon Canyon, this vibrant community radiates its authentic prestige.
Hollywood homes and estates are some of the most luxurious in all of California.
CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
HOLLYWOOD
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,157,705 $692,900 $1,777,444 $-
AVERAGE LIST PRICE PER SQUARE FOOT $596.26 $498.19 $677.83 $-
AVERAGE SOLD PRICE $1,147,781 $695,477 $1,750,853 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $591.14 $500.04 $666.90 $-
TOTAL SFH SOLD 21 12 9 -
TOTAL SFH FOR SALE AT END OF PERIOD 12 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.7 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 100% 99% 0%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $886,261 $742,832 $1,244,833 $-
AVERAGE LIST PRICE PER SQUARE FOOT $563.44 $519.87 $643.93 $-
AVERAGE SOLD PRICE $926,809 $774,399 $1,307,833 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $589.22 $541.97 $676.52 $-
TOTAL SFH SOLD 21 15 6 -
TOTAL SFH FOR SALE AT END OF PERIOD 22 - 14 8
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.1 - 7.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 105% 104% 105% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 31% -7% 43% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 6% -4% 5% 0%
AVERAGE SOLD PRICE 24% -10% 34% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 0% -8% -1% 0%
TOTAL SFH SOLD 0% -20% 50% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -45% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -45% 0% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -5% -4% -6% 0%
(Source: MLS/CLAW)
29
CONDOMINIUM SALES HOLLYWOOD
JUNE MARKET OVERVIEWIn Hollywood there were 12 condominium sales in June 2016, down from 14 in June 2015 and a 20% increase from the 10 sales closed last month. The average list price for condo sales in June 2016 was $751,499 compared to $686,429 for June 2015, representing a 9% increase. For the three-month period from April to June 2016, the average list price was 2% lower than the same period of the prior year. Average sales price for June 2016 was $739,530, compared to that of April through June 2016, which was $701,157. These results indicate that the sale price is trending up. Comparing June 2016 to May 2016, Hollywood saw a 7% increase in average sale price, and a 9% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $710,460 $663,112 $1,397,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $543.37 $531.46 $642.45 $-
AVERAGE SOLD PRICE $701,157 $654,190 $1,382,188 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $536.25 $524.31 $635.63 $-
TOTAL CONDOS SOLD 31 29 2 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 28 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.7 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 99% 0%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $727,755 $528,954 $1,682,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $567.29 $477.50 $857.11 $-
AVERAGE SOLD PRICE $717,268 $526,699 $1,632,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $558.56 $475.47 $826.76 $-
TOTAL CONDOS SOLD 29 24 5 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 20 - 17 3
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.1 - 10.2 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 100% 97% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -2% 25% -17% 0%
AVERAGE LIST PRICE PER SQUARE FOOT -4% 11% -25% 0%
AVERAGE SOLD PRICE -2% 24% -15% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT -4% 10% -23% 0%
TOTAL CONDOS SOLD 7% 21% -60% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 40% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 31% 0% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% -1% 2% 0%
(Source: MLS/CLAW)
30
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
Hollywood Hills real estate means breathtaking homes in a sought-after neighborhood
of Los Angeles. It is located overlooking the city in the southeastern Santa Monica
Mountains. High above the city, the views of Downtown Los Angeles and the Pacific,
and the calm and serenity that can be found there make the Hills a draw for many
celebrities and non-celebrities alike. A number of Hollywood Hills homes can be found
on the Bird Streets above the Sunset Strip, Laurel Canyon and Beachwood Canyon.
Mulholland Drive, famed on its own, can be found along the top of the Hills. Homes
here can range from Mid-Century masterpieces to stunning modern Architectural to
traditional hillside. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
HOLLYWOOD HILLS EAST
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,447,030 $863,991 $1,630,271 $-
AVERAGE LIST PRICE PER SQUARE FOOT $667.76 $686.70 $664.70 $-
AVERAGE SOLD PRICE $1,441,315 $872,091 $1,620,214 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $665.12 $693.14 $660.60 $-
TOTAL SFH SOLD 46 11 35 -
TOTAL SFH FOR SALE AT END OF PERIOD 36 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.3 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 101% 99% 0%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,382,457 $896,688 $1,496,756 $-
AVERAGE LIST PRICE PER SQUARE FOOT $574.92 $485.78 $590.19 $-
AVERAGE SOLD PRICE $1,393,089 $876,750 $1,514,581 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $579.34 $474.98 $597.22 $-
TOTAL SFH SOLD 42 8 34 -
TOTAL SFH FOR SALE AT END OF PERIOD 48 - 10 33
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.4 - 0.9 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 98% 101% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 5% -4% 9% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 16% 41% 13% 0%
AVERAGE SOLD PRICE 3% -1% 7% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 15% 46% 11% 0%
TOTAL SFH SOLD 10% 38% 3% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -25% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -32% 0% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% 3% -2% 0%
(Source: MLS/CLAW)
31
CONDOMINIUM SALES HOLLYWOOD HILLS EAST
JUNE MARKET OVERVIEWIn Hollywood Hills East there were 17 single family home sales in June 2016, up from 15 in June 2015 and a 11% decrease from the 19 sales closed last month. The average list price for single family home sales in June 2016 was $1,388,523 almost matching $1,389,220 for June 2015. For the three-month period from April to June 2016, the average list price was 5% higher than the same period of the prior year. Average sales price for June 2016 was $1,377,726, compared to that of April through June 2016, which was $1,441,315. These results indicate that the sale price is trending down. Comparing June 2016 to May 2016, Hollywood Hills East saw a 11% decrease in average sale price, and a 5% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $552,414 $552,414 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $437.43 $437.43 $- $-
AVERAGE SOLD PRICE $552,250 $552,250 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $437.30 $437.30 $- $-
TOTAL CONDOS SOLD 14 14 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 10 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.1 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 0% 0%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $512,508 $512,508 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $377.87 $377.87 $- $-
AVERAGE SOLD PRICE $512,465 $512,465 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $377.84 $377.84 $- $-
TOTAL CONDOS SOLD 13 13 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 9 - 7 2
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.1 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 0% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 8% 8% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 16% 16% 0% 0%
AVERAGE SOLD PRICE 8% 8% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 16% 16% 0% 0%
TOTAL CONDOS SOLD 8% 8% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 11% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 3% 0% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
(Source: MLS/CLAW)
32
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
Richly immersed with history dating back to the nineteenth century, Los
Feliz is located just south of the Santa Monica Mountains and is adjacent to
Hollywood. The area features the Griffith Observatory, the Greek Theatre,
and the Los Angeles Zoo. Los Feliz homes offer a welcoming and cohesive
community recognized for its chic sophistication. Historic and noted
homes can be found throughout Los Feliz, which has an enclave of celebrity
residents. Los Feliz is known for its grand Spanish estates, charming California
bungalows and many original craftsman homes.
CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
LOS FELIZ
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,556,844 $808,498 $1,669,404 $3,750,000
AVERAGE LIST PRICE PER SQUARE FOOT $687.43 $658.61 $686.03 $784.52
AVERAGE SOLD PRICE $1,537,745 $792,275 $1,654,180 $3,520,000
AVERAGE SOLD PRICE PER SQUARE FOOT $679.55 $652.37 $679.74 $736.40
TOTAL SFH SOLD 58 10 47 1
TOTAL SFH FOR SALE AT END OF PERIOD 49 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.5 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 98% 99% 94%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,494,011 $743,750 $1,656,222 $3,594,800
AVERAGE LIST PRICE PER SQUARE FOOT $637.56 $593.40 $615.35 $822.97
AVERAGE SOLD PRICE $1,525,392 $758,886 $1,685,395 $3,714,000
AVERAGE SOLD PRICE PER SQUARE FOOT $649.86 $603.55 $623.25 $861.98
TOTAL SFH SOLD 64 22 37 5
TOTAL SFH FOR SALE AT END OF PERIOD 57 - 6 40
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.7 - 0.5 24.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 102% 102% 103%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 4% 9% 1% 4%
AVERAGE LIST PRICE PER SQUARE FOOT 8% 11% 11% -5%
AVERAGE SOLD PRICE 1% 4% -2% -5%
AVERAGE SOLD PRICE PER SQUARE FOOT 5% 8% 9% -15%
TOTAL SFH SOLD -9% -55% 27% -80%
TOTAL SFH FOR SALE AT END OF PERIOD -14% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -5% 0% -100% -100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -3% -4% -3% -9%
(Source: MLS/CLAW)
33
CONDOMINIUM SALES LOS FELIZ
JUNE MARKET OVERVIEWIn Los Feliz there were 24 single family home sales in June 2016, up from 23 in June 2015 and a 41% increase from the 17 sales closed last month. The average list price for single family home sales in June 2016 was $1,504,878 compared to $1,700,443 for June 2015, representing a 12% decrease. For the three-month period from April to June 2016, the average list price was 4% higher than the same period of the prior year. Average sales price for June 2016 was $1,497,711, compared to that of April through June 2016, which was $1,537,745. These results indicate that the sale price is trending down. Comparing June 2016 to May 2016, Los Feliz saw a 3% increase in average sale price, but a 16% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $521,518 $521,518 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $529.46 $529.46 $- $-
AVERAGE SOLD PRICE $520,718 $520,718 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $528.65 $528.65 $- $-
TOTAL CONDOS SOLD 11 11 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 9 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.5 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 0% 0%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $560,733 $560,733 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $509.06 $509.06 $- $-
AVERAGE SOLD PRICE $559,983 $559,983 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $508.38 $508.38 $- $-
TOTAL CONDOS SOLD 6 6 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 5 - 5 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.5 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 0% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -7% -7% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 4% 4% 0% 0%
AVERAGE SOLD PRICE -7% -7% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 4% 4% 0% 0%
TOTAL CONDOS SOLD 83% 83% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 80% 0% -100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -2% 0% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
(Source: MLS/CLAW)
34
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
Few names can evoke visions of beach living and casual elegance as readily as
Malibu, California. Embracing nearly 27 miles of gorgeous California coastline,
Malibu has long been home to some of the most influential people in the world.
The terrain varies widely, and some of Malibu’s famous beaches and surf
spots include Surfrider Beach, Zuma Beach and Le Carrillo Beach. Ocean-side
dining, boutique shops and gorgeous beaches combine to create the unique
lifestyle that exemplifies living in a Malibu home. Sotheby’s International
Realty, Inc provides some breathtaking Malibu properties with oceanfront and
spectacular beach views. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
MALIBU
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $3,237,928 $861,698 $2,426,808 $5,069,611
AVERAGE LIST PRICE PER SQUARE FOOT $982.73 $550.65 $912.43 $1,078.69
AVERAGE SOLD PRICE $3,072,575 $835,998 $2,306,853 $4,799,889
AVERAGE SOLD PRICE PER SQUARE FOOT $926.74 $527.50 $867.33 $1,010.54
TOTAL SFH SOLD 49 5 26 18
TOTAL SFH FOR SALE AT END OF PERIOD 170 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 10.4 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 95% 97% 95% 95%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $3,105,015 $783,475 $2,143,879 $5,667,743
AVERAGE LIST PRICE PER SQUARE FOOT $842.54 $583.05 $685.84 $1,055.13
AVERAGE SOLD PRICE $2,947,473 $796,000 $2,031,203 $5,375,148
AVERAGE SOLD PRICE PER SQUARE FOOT $794.07 $592.37 $652.75 $983.37
TOTAL SFH SOLD 53 4 33 16
TOTAL SFH FOR SALE AT END OF PERIOD 164 - 2 66
AVERAGE MONTHLY SUPPLY OF INVENTORY 9.3 - 0.2 12.4
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 95% 102% 95% 95%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 4% 10% 13% -11%
AVERAGE LIST PRICE PER SQUARE FOOT 17% -6% 33% 2%
AVERAGE SOLD PRICE 4% 5% 14% -11%
AVERAGE SOLD PRICE PER SQUARE FOOT 17% -11% 33% 3%
TOTAL SFH SOLD -8% 25% -21% 13%
TOTAL SFH FOR SALE AT END OF PERIOD 4% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 12% 0% -100% -100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% -5% 0% 0%
(Source: MLS/CLAW)
35
CONDOMINIUM SALES MALIBU
JUNE MARKET OVERVIEWIn Malibu there were 14 single family home sales in June 2016, down from 18 in June 2015 and a 33% decrease from the 21 sales closed last month. The average list price for single family home sales in June 2016 was $3,187,786 compared to $4,186,160 for June 2015, representing a 24% decrease. For the three-month period from April to June 2016, the average list price was 4% higher than the same period of the prior year. Average sales price for June 2016 was $3,006,225, compared to that of April through June 2016, which was $3,072,575. These results indicate that the sale price is trending down. Comparing June 2016 to May 2016, Malibu saw a 18% decrease in average sale price, and a 24% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,659,498 $726,996 $1,506,000 $4,040,000
AVERAGE LIST PRICE PER SQUARE FOOT $844.50 $578.23 $671.80 $1,243.97
AVERAGE SOLD PRICE $1,535,857 $703,143 $1,420,000 $3,633,333
AVERAGE SOLD PRICE PER SQUARE FOOT $781.58 $559.25 $633.43 $1,118.75
TOTAL CONDOS SOLD 14 7 4 3
TOTAL CONDOS FOR SALE AT END OF PERIOD 16 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.4 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 93% 97% 94% 90%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $903,445 $649,223 $1,375,571 $-
AVERAGE LIST PRICE PER SQUARE FOOT $608.24 $526.31 $704.34 $-
AVERAGE SOLD PRICE $862,425 $629,077 $1,295,786 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $580.62 $509.98 $663.48 $-
TOTAL CONDOS SOLD 20 13 7 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 29 - 15 11
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.4 - 6.4 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 95% 97% 94% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 84% 12% 9% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 39% 10% -5% 0%
AVERAGE SOLD PRICE 78% 12% 10% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 35% 10% -5% 0%
TOTAL CONDOS SOLD -30% -46% -43% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -45% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -21% 0% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -3% 0% 0% 0%
(Source: MLS/CLAW)
36
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
Where the majestic Pacific meets golden sands, Malibu Beach is conveniently
located within short drives of Santa Monica, Beverly Hills and Los Angeles
International Airport. The area’s beachfront properties, vineyards and
ranches are the destination for some of the most influential people, seeking
a unique supply of Malibu Beach real estate. Malibu Beach offers the best of
the best, from luxurious beachfront properties on the sand to extraordinary
estates, mansions, vineyards, and ranches on the bluffs overlooking the
Pacific Ocean and lining the hillsides with views of the Channel Islands
offshore. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
MALIBU BEACH
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $8,351,923 $- $2,696,667 $10,048,500
AVERAGE LIST PRICE PER SQUARE FOOT $3,470.06 $- $1,553.58 $3,802.47
AVERAGE SOLD PRICE $7,940,556 $- $2,416,667 $9,597,722
AVERAGE SOLD PRICE PER SQUARE FOOT $3,306.75 $- $1,413.63 $3,635.11
TOTAL SFH SOLD 13 - 3 10
TOTAL SFH FOR SALE AT END OF PERIOD 77 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 17.8 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 95% 0% 90% 96%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $6,042,077 $- $2,341,250 $7,686,889
AVERAGE LIST PRICE PER SQUARE FOOT $2,023.79 $- $1,310.52 $2,193.35
AVERAGE SOLD PRICE $5,544,962 $- $2,217,375 $7,023,889
AVERAGE SOLD PRICE PER SQUARE FOOT $1,854.12 $- $1,241.18 $1,999.83
TOTAL SFH SOLD 13 - 4 9
TOTAL SFH FOR SALE AT END OF PERIOD 66 - - 8
AVERAGE MONTHLY SUPPLY OF INVENTORY 15.2 - - 2.7
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 92% 0% 95% 91%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 38% 0% 15% 31%
AVERAGE LIST PRICE PER SQUARE FOOT 71% 0% 19% 73%
AVERAGE SOLD PRICE 43% 0% 9% 37%
AVERAGE SOLD PRICE PER SQUARE FOOT 78% 0% 14% 82%
TOTAL SFH SOLD 0% 0% -25% 11%
TOTAL SFH FOR SALE AT END OF PERIOD 17% 0% 0% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 17% 0% 0% -100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 4% 0% -5% 5%
(Source: MLS/CLAW)
37
CONDOMINIUM SALES MALIBU BEACH
JUNE MARKET OVERVIEWIn Malibu Beach there were 5 single family home sales in June 2016, down from 7 in June 2015 and a 25% increase from the 4 sales closed last month. The average list price for single family home sales in June 2016 was $7,689,000 compared to $6,922,714 for June 2015, representing an 11% increase. For the three-month period from April to June 2016, the average list price was 38% higher than the same period of the prior year. Average sales price for June 2016 was $7,384,444, compared to that of April through June 2016, which was $7,940,556. These results indicate that the sale price is trending down. Comparing June 2016 to May 2016, Malibu Beach saw a 34% decrease in average sale price, but a 19% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,800,500 $914,500 $1,908,000 $3,250,000
AVERAGE LIST PRICE PER SQUARE FOOT $1,657.16 $1,131.81 $1,538.30 $2,749.58
AVERAGE SOLD PRICE $1,633,917 $799,250 $1,735,000 $3,000,000
AVERAGE SOLD PRICE PER SQUARE FOOT $1,503.83 $989.17 $1,398.82 $2,538.07
TOTAL CONDOS SOLD 6 2 3 1
TOTAL CONDOS FOR SALE AT END OF PERIOD 12 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 6.0 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 91% 87% 91% 92%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,021,444 $771,143 $1,897,500 $-
AVERAGE LIST PRICE PER SQUARE FOOT $1,022.69 $828.04 $1,536.44 $-
AVERAGE SOLD PRICE $978,333 $747,857 $1,785,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $979.53 $803.04 $1,445.34 $-
TOTAL CONDOS SOLD 9 7 2 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 14 - 8 6
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.7 - 12.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 96% 97% 94% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 76% 19% 1% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 62% 37% 0% 0%
AVERAGE SOLD PRICE 67% 7% -3% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 54% 23% -3% 0%
TOTAL CONDOS SOLD -33% -71% 50% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -14% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 29% 0% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -5% -10% -3% 0%
(Source: MLS/CLAW)
38
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
With its blue waters and gleaming boats, sitting in the world’s largest manmade small-
craft harbor, Marina del Rey is an oasis of leisure and elegance in sunny Southern
California. Offering relaxing and beautiful views of the Pacific, Marina del Rey is home
to both estates and beach condominiums, and has access to boating, sailing, fishing
and a variety of water sports. Marina Del Rey is conveniently located five miles from
Los Angeles International Airport and just minutes from the San Diego and Marina
freeways. Adjacent to Venice Beach and Santa Monica, Marina Del Rey is also close
to major shopping malls, movie theaters, Hollywood, Beverly Hills and Downtown Los
Angeles. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
MARINA DEL REY
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,684,720 $840,429 $1,663,882 $7,949,000
AVERAGE LIST PRICE PER SQUARE FOOT $818.33 $840.67 $766.64 $1,049.51
AVERAGE SOLD PRICE $1,631,120 $869,143 $1,614,353 $7,250,000
AVERAGE SOLD PRICE PER SQUARE FOOT $792.30 $869.39 $743.82 $957.22
TOTAL SFH SOLD 25 7 17 1
TOTAL SFH FOR SALE AT END OF PERIOD 21 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.5 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 103% 97% 91%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,448,700 $737,500 $1,626,500 $-
AVERAGE LIST PRICE PER SQUARE FOOT $724.93 $908.25 $708.71 $-
AVERAGE SOLD PRICE $1,476,410 $760,050 $1,655,500 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $738.80 $936.02 $721.35 $-
TOTAL SFH SOLD 10 2 8 -
TOTAL SFH FOR SALE AT END OF PERIOD 12 - - 9
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.6 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 103% 102% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 16% 14% 2% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 13% -7% 8% 0%
AVERAGE SOLD PRICE 10% 14% -2% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 7% -7% 3% 0%
TOTAL SFH SOLD 150% 250% 113% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 75% 0% 0% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -30% 0% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -5% 0% -5% 0%
(Source: MLS/CLAW)
39
CONDOMINIUM SALES MARINA DEL REY
JUNE MARKET OVERVIEWIn Marina Del Rey there were 30 condominium sales in June 2016, up from 26 in June 2015 and a 12% decrease from the 34 sales closed last month. The average list price for condo sales in June 2016 was $931,163 almost matching $963,265 for June 2015. For the three-month period from April to June 2016, the average list price was 5% lower than the same period of the prior year. Average sales price for June 2016 was $923,637, compared to that of April through June 2016, which was $923,143. These results indicate that the sale price is trending up. Comparing June 2016 to May 2016, Marina Del Rey was flat in average sale price, and a 3% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $923,320 $764,100 $1,343,660 $-
AVERAGE LIST PRICE PER SQUARE FOOT $593.16 $546.76 $684.35 $-
AVERAGE SOLD PRICE $923,143 $763,531 $1,344,520 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $593.72 $547.15 $685.26 $-
TOTAL CONDOS SOLD 91 66 25 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 65 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.1 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 100% 0%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $969,429 $727,858 $1,467,958 $3,499,000
AVERAGE LIST PRICE PER SQUARE FOOT $640.28 $556.33 $744.50 $1,168.28
AVERAGE SOLD PRICE $958,420 $731,434 $1,434,571 $3,150,000
AVERAGE SOLD PRICE PER SQUARE FOOT $632.77 $558.78 $727.56 $1,051.75
TOTAL CONDOS SOLD 85 60 24 1
TOTAL CONDOS FOR SALE AT END OF PERIOD 65 - 33 31
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.3 - 4.1 93.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 100% 98% 90%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -5% 5% -8% -100%
AVERAGE LIST PRICE PER SQUARE FOOT -7% -2% -8% -100%
AVERAGE SOLD PRICE -4% 4% -6% -100%
AVERAGE SOLD PRICE PER SQUARE FOOT -6% -2% -6% -100%
TOTAL CONDOS SOLD 7% 10% 4% -100%
TOTAL CONDOS FOR SALE AT END OF PERIOD 0% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -7% 0% -100% -100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% -1% 2% -100%
(Source: MLS/CLAW)
40
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
Mid Los Angeles is a district in Los Angeles, California, known for its
Spanish-style and traditional residences, as well as duplex properties. 2.5
miles south of Hollywood and 3.5 miles west of downtown Los Angeles,
Mid Los Angeles contains Brookside, Crestview, Fremont Place, Lafayette
Square, Little Ethiopia, Picfair Village and Victoria Park. Mid Los Angeles is
a great neighborhood, centrally located, great commercial and recreational
opportunities and close to all.CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
MID LOS ANGELES
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $635,154 $584,589 $1,343,063 $-
AVERAGE LIST PRICE PER SQUARE FOOT $366.37 $358.07 $426.59 $-
AVERAGE SOLD PRICE $636,038 $588,478 $1,301,875 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $366.88 $360.46 $413.51 $-
TOTAL SFH SOLD 120 112 8 -
TOTAL SFH FOR SALE AT END OF PERIOD 59 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.5 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 101% 97% 0%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $551,479 $529,676 $1,271,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $353.57 $352.25 $372.73 $-
AVERAGE SOLD PRICE $553,390 $531,428 $1,278,133 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $354.79 $353.42 $374.82 $-
TOTAL SFH SOLD 102 99 3 -
TOTAL SFH FOR SALE AT END OF PERIOD 60 - 58 1
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.8 - 58.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 101% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 15% 10% 6% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 4% 2% 14% 0%
AVERAGE SOLD PRICE 15% 11% 2% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 3% 2% 10% 0%
TOTAL SFH SOLD 18% 13% 167% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -2% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -16% 0% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% -4% 0%
(Source: MLS/CLAW)
41
CONDOMINIUM SALES MID LOS ANGELES
JUNE MARKET OVERVIEWIn Mid Los Angeles there were 48 single family home sales in June 2016, up from 34 in June 2015 and a 4% increase from the 46 sales closed last month. The average list price for single family home sales in June 2016 was $573,099 almost matching $601,485 for June 2015. For the three-month period from April to June 2016, the average list price was 15% higher than the same period of the prior year. Average sales price for June 2016 was $575,179, compared to that of April through June 2016, which was $636,038. These results indicate that the sale price is trending down. Comparing June 2016 to May 2016, Mid Los Angeles saw a 12% decrease in average sale price, and a 4% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $392,667 $392,667 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $403.01 $403.01 $- $-
AVERAGE SOLD PRICE $388,000 $388,000 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $398.22 $398.22 $- $-
TOTAL CONDOS SOLD 3 3 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 3 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.0 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 0% 0%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $324,500 $324,500 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $305.79 $305.79 $- $-
AVERAGE SOLD PRICE $322,200 $322,200 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $303.62 $303.62 $- $-
TOTAL CONDOS SOLD 5 5 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 3 - 3 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.8 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 0% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 21% 21% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 32% 32% 0% 0%
AVERAGE SOLD PRICE 20% 20% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 31% 31% 0% 0%
TOTAL CONDOS SOLD -40% -40% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 0% 0% -100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 67% 0% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
(Source: MLS/CLAW)
42
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
Mid Wilshire, also known as Midtown, contains neighborhoods like Hancock
Park, Windsor Square, Carthay Circle and Lafayette Square. Mid Wilshire
offers some of Los Angeles’s most magnificent residential architecture,
primarily in traditional city neighborhood settings. Mid Wilshire contains
Little Ethiopia, Miracle Mile, Park La Brea, Park Mile and Wilshire Vista, all
known for the area’s stunning residential architecture. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
MID WILSHIRE
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $780,800 $780,800 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $407.60 $407.60 $- $-
AVERAGE SOLD PRICE $747,400 $747,400 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $390.16 $390.16 $- $-
TOTAL SFH SOLD 10 10 - -
TOTAL SFH FOR SALE AT END OF PERIOD 9 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.7 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 96% 96% 0% 0%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $821,010 $741,263 $1,140,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $393.52 $388.62 $405.48 $-
AVERAGE SOLD PRICE $803,300 $724,125 $1,120,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $384.00 $378.12 $398.36 $-
TOTAL SFH SOLD 10 8 2 -
TOTAL SFH FOR SALE AT END OF PERIOD 11 - 7 4
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.3 - 10.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 98% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -5% 5% -100% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 4% 5% -100% 0%
AVERAGE SOLD PRICE -7% 3% -100% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 2% 3% -100% 0%
TOTAL SFH SOLD 0% 25% -100% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -18% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -18% 0% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -2% -2% -100% 0%
(Source: MLS/CLAW)
43
CONDOMINIUM SALES MID WILSHIRE
JUNE MARKET OVERVIEWIn Mid Wilshire there were 25 condominium sales in June 2016, up from 19 in June 2015 and a 127% increase from the 11 sales closed last month. The average list price for condo sales in June 2016 was $561,752 almost matching $576,047 for June 2015. For the three-month period from April to June 2016, the average list price was 3% lower than the same period of the prior year. Average sales price for June 2016 was $552,352, compared to that of April through June 2016, which was $530,404. These results indicate that the sale price is trending up. Comparing June 2016 to May 2016, Mid Wilshire saw a 4% increase in average sale price, but a 3% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $539,821 $523,182 $1,405,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $459.01 $448.71 $826.47 $-
AVERAGE SOLD PRICE $530,404 $515,028 $1,330,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $451.00 $441.71 $782.35 $-
TOTAL CONDOS SOLD 53 52 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 37 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.1 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 95% 0%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $557,260 $488,639 $1,192,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $461.76 $423.71 $700.15 $-
AVERAGE SOLD PRICE $546,509 $484,510 $1,120,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $452.85 $420.13 $657.86 $-
TOTAL CONDOS SOLD 41 37 4 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 42 - 40 2
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.1 - 30.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 99% 94% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -3% 7% 18% 0%
AVERAGE LIST PRICE PER SQUARE FOOT -1% 6% 18% 0%
AVERAGE SOLD PRICE -3% 6% 19% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 0% 5% 19% 0%
TOTAL CONDOS SOLD 29% 41% -75% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -12% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -32% 0% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% -1% 1% 0%
(Source: MLS/CLAW)
44
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
Founded in 1909, Mount Washington is located on the eastside of Los Angeles
neighboring Glassell Park, Eagle Rock, Highland Park and Montecito Heights
and its close proximity to both Pasadena and Downtown Los Angeles have
made it popular for homebuyers. It is known for the many 1950s and 1960s
modernist homes that can be found here. Recently the area has become a
more affordable alternative to the more pricey Westside.
CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
MOUNT WASHINGTON
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $703,431 $659,903 $1,080,667 $-
AVERAGE LIST PRICE PER SQUARE FOOT $481.54 $464.22 $600.04 $-
AVERAGE SOLD PRICE $716,136 $662,892 $1,177,584 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $490.24 $466.32 $653.85 $-
TOTAL SFH SOLD 29 26 3 -
TOTAL SFH FOR SALE AT END OF PERIOD 25 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.6 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 100% 109% 0%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $678,782 $653,526 $931,333 $-
AVERAGE LIST PRICE PER SQUARE FOOT $464.97 $465.85 $459.24 $-
AVERAGE SOLD PRICE $721,782 $681,794 $1,121,667 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $493.10 $483.91 $553.09 $-
TOTAL SFH SOLD 33 30 3 -
TOTAL SFH FOR SALE AT END OF PERIOD 17 - 14 3
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.5 - 14.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 106% 104% 120% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 4% 1% 16% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 4% 0% 31% 0%
AVERAGE SOLD PRICE -1% -3% 5% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT -1% -4% 18% 0%
TOTAL SFH SOLD -12% -13% 0% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 47% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 67% 0% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -4% -4% -10% 0%
(Source: MLS/CLAW)
45
CONDOMINIUM SALES MOUNT WASHINGTON
JUNE MARKET OVERVIEWIn Mount Washington there were 10 single family home sales in June 2016, down from 16 in June 2015 and a 11% increase from the 9 sales closed last month. The average list price for single family home sales in June 2016 was $630,949 compared to $665,562 for June 2015, representing a 5% decrease. For the three-month period from April to June 2016, the average list price was 4% higher than the same period of the prior year. Average sales price for June 2016 was $643,470, compared to that of April through June 2016, which was $716,136. These results indicate that the sale price is trending down. Comparing June 2016 to May 2016, Mount Washington saw a 22% decrease in average sale price, and a 8% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $- $- $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $- $- $- $-
AVERAGE SOLD PRICE $- $- $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $- $- $- $-
TOTAL CONDOS SOLD - - - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $- $- $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $- $- $- $-
AVERAGE SOLD PRICE $- $- $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $- $- $- $-
TOTAL CONDOS SOLD - - - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 0% 0% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 0% 0% 0% 0%
AVERAGE SOLD PRICE 0% 0% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 0% 0% 0% 0%
TOTAL CONDOS SOLD 0% 0% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 0% 0% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 0% 0% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
(Source: MLS/CLAW)
46
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
Among Los Angeles’ most desired neighborhoods, Pacific Palisades sits against a
stunning backdrop with views of the Santa Monica mountains, the Pacific Coast,
and several canyons that run between them. Pacific Palisades is home to the well-
known J. Paul Getty Villa museum and beautiful parks offering sporting activities and
breathtaking views including Topanga Canyon State Park, Will Rogers State Historic
Park and Polo Club, and Rustin Canyon Park, as well as community events such as the
annual parade and fireworks display. Pacific Palisades offers sophisticated traditional
estates, dramatic architectural residences, custom-built properties and inviting
homes close to Palisades Village. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
PACIFIC PALISADES
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $3,444,417 $- $2,167,915 $5,844,240
AVERAGE LIST PRICE PER SQUARE FOOT $1,025.76 $- $891.99 $1,153.38
AVERAGE SOLD PRICE $3,340,601 $- $2,162,462 $5,555,503
AVERAGE SOLD PRICE PER SQUARE FOOT $994.18 $- $889.36 $1,094.19
TOTAL SFH SOLD 72 - 47 25
TOTAL SFH FOR SALE AT END OF PERIOD 109 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.5 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 0% 100% 95%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $3,395,856 $- $2,007,988 $5,400,556
AVERAGE LIST PRICE PER SQUARE FOOT $1,026.25 $- $901.42 $1,105.72
AVERAGE SOLD PRICE $3,400,343 $- $2,028,099 $5,382,473
AVERAGE SOLD PRICE PER SQUARE FOOT $1,027.72 $- $911.17 $1,101.92
TOTAL SFH SOLD 110 - 65 45
TOTAL SFH FOR SALE AT END OF PERIOD 80 - - 31
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.2 - - 2.1
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 0% 101% 100%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 1% 0% 8% 8%
AVERAGE LIST PRICE PER SQUARE FOOT 0% 0% -1% 4%
AVERAGE SOLD PRICE -2% 0% 7% 3%
AVERAGE SOLD PRICE PER SQUARE FOOT -3% 0% -2% -1%
TOTAL SFH SOLD -35% 0% -28% -44%
TOTAL SFH FOR SALE AT END OF PERIOD 36% 0% 0% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 108% 0% 0% -100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -3% 0% -1% -5%
(Source: MLS/CLAW)
47
CONDOMINIUM SALES PACIFIC PALISADES
JUNE MARKET OVERVIEWIn Pacific Palisades there were 32 single family home sales in June 2016, which is the same as June 2015 and a 33% increase from the 24 sales closed last month. The average list price for single family home sales in June 2016 was $3,364,906 compared to $3,083,938 for June 2015, representing a 9% increase. For the three-month period from April to June 2016, the average list price was 1% higher than the same period of the prior year. Average sales price for June 2016 was $3,304,819, compared to that of April through June 2016, which was $3,340,601. These results indicate that the sale price is trending down. Comparing June 2016 to May 2016, Pacific Palisades saw a 10% decrease in average sale price, but a 6% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $964,218 $809,840 $1,242,100 $-
AVERAGE LIST PRICE PER SQUARE FOOT $575.08 $554.33 $601.50 $-
AVERAGE SOLD PRICE $956,022 $791,867 $1,251,500 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $570.19 $542.02 $606.05 $-
TOTAL CONDOS SOLD 28 18 10 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 15 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.6 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 98% 101% 0%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,111,417 $849,750 $1,242,250 $-
AVERAGE LIST PRICE PER SQUARE FOOT $566.74 $510.82 $588.78 $-
AVERAGE SOLD PRICE $1,113,667 $803,750 $1,268,625 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $567.88 $483.17 $601.28 $-
TOTAL CONDOS SOLD 12 4 8 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 18 - 14 4
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.5 - 5.3 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 95% 102% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -13% -5% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 1% 9% 2% 0%
AVERAGE SOLD PRICE -14% -1% -1% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 0% 12% 1% 0%
TOTAL CONDOS SOLD 133% 350% 25% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -17% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -64% 0% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% 3% -1% 0%
(Source: MLS/CLAW)
48
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
Adjacent to Culver City and minutes from the ocean and UCLA is the community
of Palms – Mar Vista. Named after its magnificent views of the ocean along its hilly
border near Santa Monica, Palms – Mar Vista is one of the oldest communities
in Los Angeles and one of the least dense in all of West Los Angeles. Palms – Mar
Vista is full of homes built during the 1920s and 1930s as well as an abundance of
wonderfully preserved mid-century modern architecture. Those seeking 1920s
homes, 1930s homes and mid-century modern architecture can also enjoy the
area’s Mar Vista Park, covering an entire city block with a new recreation center
and roller hockey rink. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
PALMS - MAR VISTA
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,382,122 $907,484 $1,474,470 $2,197,250
AVERAGE LIST PRICE PER SQUARE FOOT $743.30 $814.43 $733.73 $743.82
AVERAGE SOLD PRICE $1,515,066 $909,400 $1,494,913 $8,075,000
AVERAGE SOLD PRICE PER SQUARE FOOT $818.94 $816.14 $747.59 $2,733.58
TOTAL SFH SOLD 101 19 80 2
TOTAL SFH FOR SALE AT END OF PERIOD 47 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.4 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 110% 100% 101% 368%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,235,438 $873,651 $1,426,380 $-
AVERAGE LIST PRICE PER SQUARE FOOT $706.05 $701.42 $707.52 $-
AVERAGE SOLD PRICE $1,257,980 $907,191 $1,443,118 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $718.75 $728.00 $715.82 $-
TOTAL SFH SOLD 110 38 72 -
TOTAL SFH FOR SALE AT END OF PERIOD 33 - 6 26
AVERAGE MONTHLY SUPPLY OF INVENTORY 0.9 - 0.3 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 104% 101% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 12% 4% 3% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 5% 16% 4% 0%
AVERAGE SOLD PRICE 20% 0% 4% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 14% 12% 4% 0%
TOTAL SFH SOLD -8% -50% 11% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 42% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 55% 0% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 8% -3% 0% 0%
(Source: MLS/CLAW)
49
CONDOMINIUM SALES PALMS - MAR VISTA
JUNE MARKET OVERVIEWIn Palms - Mar Vista there were 36 single family home sales in June 2016, down from 39 in June 2015 and a 6% increase from the 34 sales closed last month. The average list price for single family home sales in June 2016 was $1,325,558 compared to $1,164,436 for June 2015, representing a 14% increase. For the three-month period from April to June 2016, the average list price was 12% higher than the same period of the prior year. Average sales price for June 2016 was $1,321,158, compared to that of April through June 2016, which was $1,515,066. These results indicate that the sale price is trending down. Comparing June 2016 to May 2016, Palms - Mar Vista saw a 7% decrease in average sale price, but a 11% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $581,174 $581,174 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $484.02 $484.02 $- $-
AVERAGE SOLD PRICE $595,651 $595,651 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $496.08 $496.08 $- $-
TOTAL CONDOS SOLD 29 29 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 8 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 0.8 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 102% 0% 0%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $483,997 $483,997 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $511.82 $511.82 $- $-
AVERAGE SOLD PRICE $489,044 $489,044 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $518.11 $518.11 $- $-
TOTAL CONDOS SOLD 34 34 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 8 - 8 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 0.7 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 101% 0% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 20% 20% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT -5% -5% 0% 0%
AVERAGE SOLD PRICE 22% 22% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT -4% -4% 0% 0%
TOTAL CONDOS SOLD -15% -15% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 0% 0% -100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 17% 0% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 1% 0% 0%
(Source: MLS/CLAW)
50
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
Playa Del Rey is a bedroom community along the beach, south and adjacent
to the Marina Del Rey harbor channel. Its early history dates back to a land
grant in 1839 from the Mexican governor. Today Playa Del Rey real estate
includes a mix of 1920’s homes, beach cottages from the 1940’s and
multi-million dollar elegant new houses. Only 10 minutes from Los Angeles
International Airport, Playa Del Rey also is home to Dockweiler Beach Park, a
popular short term camping area for recreational vehicles.CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
PLAYA DEL REY
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,494,250 $898,000 $1,548,455 $-
AVERAGE LIST PRICE PER SQUARE FOOT $577.43 $535.80 $579.81 $-
AVERAGE SOLD PRICE $1,477,667 $940,000 $1,526,545 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $571.02 $560.86 $571.60 $-
TOTAL SFH SOLD 12 1 11 -
TOTAL SFH FOR SALE AT END OF PERIOD 11 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.8 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 105% 99% 0%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,323,667 $- $2,043,400 $3,725,000
AVERAGE LIST PRICE PER SQUARE FOOT $551.52 $- $532.72 $610.66
AVERAGE SOLD PRICE $2,272,500 $- $1,997,000 $3,650,000
AVERAGE SOLD PRICE PER SQUARE FOOT $539.38 $- $520.62 $598.36
TOTAL SFH SOLD 6 - 5 1
TOTAL SFH FOR SALE AT END OF PERIOD 8 - 1 6
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.0 - 0.6 18.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 0% 98% 98%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -36% 0% -24% -100%
AVERAGE LIST PRICE PER SQUARE FOOT 5% 0% 9% -100%
AVERAGE SOLD PRICE -35% 0% -24% -100%
AVERAGE SOLD PRICE PER SQUARE FOOT 6% 0% 10% -100%
TOTAL SFH SOLD 100% 0% 120% -100%
TOTAL SFH FOR SALE AT END OF PERIOD 38% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -31% 0% -100% -100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 0% 1% -100%
(Source: MLS/CLAW)
51
CONDOMINIUM SALES PLAYA DEL REY
JUNE MARKET OVERVIEWIn Playa Del Rey there were 15 condominium sales in June 2016, up from 12 in June 2015 and a similar performance from the 15 sales closed last month. The average list price for condo sales in June 2016 was $616,593 almost matching $616,533 for June 2015. For the three-month period from April to June 2016, the average list price was 16% higher than the same period of the prior year. Average sales price for June 2016 was $620,834, compared to that of April through June 2016, which was $600,048. These results indicate that the sale price is trending up. Comparing June 2016 to May 2016, Playa Del Rey saw a 12% increase in average sale price, but was flat compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $590,220 $563,612 $1,149,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $542.73 $531.97 $685.56 $-
AVERAGE SOLD PRICE $600,048 $573,979 $1,147,500 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $551.77 $541.76 $684.67 $-
TOTAL CONDOS SOLD 44 42 2 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 20 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.4 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 102% 100% 0%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $510,111 $494,184 $1,195,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $505.62 $493.82 $879.32 $-
AVERAGE SOLD PRICE $515,977 $501,581 $1,135,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $511.43 $501.21 $835.17 $-
TOTAL CONDOS SOLD 44 43 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 15 - 13 2
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.0 - 39.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 101% 95% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 16% 14% -4% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 7% 8% -22% 0%
AVERAGE SOLD PRICE 16% 14% 1% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 8% 8% -18% 0%
TOTAL CONDOS SOLD 0% -2% 100% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 33% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 33% 0% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 0% 5% 0%
(Source: MLS/CLAW)
52
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
Playa Vista, bordered by Marina Del Rey, Loyola Marymount University and
Westchester, was recognized in1998 as one of the most technologically
advanced communities ever planned and has led the nation as an early model for
sustainable development. With a range of properties from luxury to affordable,
Playa Vista features an array of parks, recreational amenities and a wildlife
preserve. Playa Vista is a fully connected community with complete broadband
and telecommunications capabilities and is home to gaming giants Electronic
Arts and the architectural firm of Frank Gehry. The area features a mix of luxury
and affordable housing. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
PLAYA VISTA
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,743,600 $- $1,743,600 $-
AVERAGE LIST PRICE PER SQUARE FOOT $673.93 $- $673.93 $-
AVERAGE SOLD PRICE $1,714,800 $- $1,714,800 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $662.80 $- $662.80 $-
TOTAL SFH SOLD 5 - 5 -
TOTAL SFH FOR SALE AT END OF PERIOD 5 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.0 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 0% 98% 0%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,864,250 $- $1,864,250 $-
AVERAGE LIST PRICE PER SQUARE FOOT $510.72 $- $510.72 $-
AVERAGE SOLD PRICE $1,851,625 $- $1,851,625 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $507.26 $- $507.26 $-
TOTAL SFH SOLD 4 - 4 -
TOTAL SFH FOR SALE AT END OF PERIOD 6 - - 6
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.5 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 0% 99% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -6% 0% -6% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 32% 0% 32% 0%
AVERAGE SOLD PRICE -7% 0% -7% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 31% 0% 31% 0%
TOTAL SFH SOLD 25% 0% 25% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -17% 0% 0% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -33% 0% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% 0% -1% 0%
(Source: MLS/CLAW)
53
CONDOMINIUM SALES PLAYA VISTA
JUNE MARKET OVERVIEWIn Playa Vista there were 9 condominium sales in June 2016, down from 13 in June 2015 and a 10% decrease from the 10 sales closed last month. The average list price for condo sales in June 2016 was $1,012,667 compared to $740,769 for June 2015, representing a 37% increase. For the three-month period from April to June 2016, the average list price was 19% higher than the same period of the prior year. Average sales price for June 2016 was $1,024,111, compared to that of April through June 2016, which was $972,717. These results indicate that the sale price is trending up. Comparing June 2016 to May 2016, Playa Vista saw a 1% decrease in average sale price, but a 35% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $962,417 $862,271 $1,363,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $631.38 $627.96 $640.21 $-
AVERAGE SOLD PRICE $972,717 $873,854 $1,368,167 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $638.14 $636.40 $642.63 $-
TOTAL CONDOS SOLD 30 24 6 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 15 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.5 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 101% 100% 0%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $809,475 $754,297 $1,747,500 $-
AVERAGE LIST PRICE PER SQUARE FOOT $523.21 $507.78 $673.28 $-
AVERAGE SOLD PRICE $813,167 $763,059 $1,665,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $525.59 $513.68 $641.49 $-
TOTAL CONDOS SOLD 36 34 2 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 3 - 2 1
AVERAGE MONTHLY SUPPLY OF INVENTORY 0.3 - 3.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 101% 95% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 19% 14% -22% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 21% 24% -5% 0%
AVERAGE SOLD PRICE 20% 15% -18% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 21% 24% 0% 0%
TOTAL CONDOS SOLD -17% -29% 200% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 400% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 500% 0% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 0% 5% 0%
(Source: MLS/CLAW)
54
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
Santa Monica offers more than simply a home. There are fishing and yacht
clubs and exquisite fine dining right in your own backyard. Santa Monica is
located on the Westside of Los Angeles and is comprised of 8.3 square miles
of vibrant commercial districts, neighboring residential communities and a
terrific public school system. Centered on three miles of wide, white, sandy
beaches, Santa Monica has become a popular international destination, with
many attractions such as The Santa Monica pier, Third Street Promenade,
Main Street, and the ultra chic Montana Avenue.
CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SANTA MONICA
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,766,844 $999,900 $1,772,872 $4,579,917
AVERAGE LIST PRICE PER SQUARE FOOT $1,093.00 $772.12 $1,030.93 $1,145.74
AVERAGE SOLD PRICE $2,719,551 $950,000 $1,773,752 $4,448,431
AVERAGE SOLD PRICE PER SQUARE FOOT $1,074.14 $733.59 $1,031.44 $1,112.09
TOTAL SFH SOLD 67 1 42 24
TOTAL SFH FOR SALE AT END OF PERIOD 54 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.4 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 95% 100% 97%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,468,701 $825,000 $1,809,600 $4,273,190
AVERAGE LIST PRICE PER SQUARE FOOT $1,083.31 $719.90 $993.30 $1,203.01
AVERAGE SOLD PRICE $2,531,344 $906,000 $1,859,442 $4,368,487
AVERAGE SOLD PRICE PER SQUARE FOOT $1,111.41 $790.58 $1,024.09 $1,227.02
TOTAL SFH SOLD 77 1 55 21
TOTAL SFH FOR SALE AT END OF PERIOD 38 - 1 10
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.5 - 0.1 1.4
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 103% 110% 103% 102%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 12% 21% -2% 7%
AVERAGE LIST PRICE PER SQUARE FOOT 1% 7% 4% -5%
AVERAGE SOLD PRICE 7% 5% -5% 2%
AVERAGE SOLD PRICE PER SQUARE FOOT -3% -7% 1% -9%
TOTAL SFH SOLD -13% 0% -24% 14%
TOTAL SFH FOR SALE AT END OF PERIOD 42% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 63% 0% -100% -100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -4% -13% -3% -5%
(Source: MLS/CLAW)
55
CONDOMINIUM SALES SANTA MONICA
JUNE MARKET OVERVIEWIn Santa Monica there were 35 condominium sales in June 2016, down from 56 in June 2015 and a 17% decrease from the 42 sales closed last month. The average list price for condo sales in June 2016 was $1,205,084 compared to $1,103,098 for June 2015, representing a 9% increase. For the three-month period from April to June 2016, the average list price was 9% higher than the same period of the prior year. Average sales price for June 2016 was $1,203,159, compared to that of April through June 2016, which was $1,315,720. These results indicate that the sale price is trending down. Comparing June 2016 to May 2016, Santa Monica saw a 8% decrease in average sale price, but a 8% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,323,150 $715,310 $1,582,007 $4,818,750
AVERAGE LIST PRICE PER SQUARE FOOT $955.23 $706.23 $957.86 $2,270.85
AVERAGE SOLD PRICE $1,315,720 $738,564 $1,584,924 $4,318,750
AVERAGE SOLD PRICE PER SQUARE FOOT $951.01 $728.71 $962.35 $2,035.23
TOTAL CONDOS SOLD 104 46 54 4
TOTAL CONDOS FOR SALE AT END OF PERIOD 69 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.0 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 103% 100% 90%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,218,385 $729,794 $1,506,506 $4,083,667
AVERAGE LIST PRICE PER SQUARE FOOT $872.57 $673.51 $928.51 $1,918.11
AVERAGE SOLD PRICE $1,232,263 $742,514 $1,521,873 $4,083,667
AVERAGE SOLD PRICE PER SQUARE FOOT $882.33 $685.25 $937.69 $1,918.11
TOTAL CONDOS SOLD 143 63 77 3
TOTAL CONDOS FOR SALE AT END OF PERIOD 95 - 32 56
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.0 - 1.2 56.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 102% 101% 100%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 9% -2% 5% 18%
AVERAGE LIST PRICE PER SQUARE FOOT 9% 5% 3% 18%
AVERAGE SOLD PRICE 7% -1% 4% 6%
AVERAGE SOLD PRICE PER SQUARE FOOT 8% 6% 3% 6%
TOTAL CONDOS SOLD -27% -27% -30% 33%
TOTAL CONDOS FOR SALE AT END OF PERIOD -27% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 0% 0% -100% -100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -2% 1% -1% -10%
(Source: MLS/CLAW)
56
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
The hilly neighborhood of Silverlake can be found east of Hollywood and northwest
of Downtown Los Angeles. Silverlake is the home of its namesake reservoir and its
reputable music scene. The community is both socioeconomically and ethnically
diverse bringing it tremendous character. Echo Park is one of Los Angeles’ most
long-established neighborhoods, finding its origin in the late 1880’s. Its rolling
hills and steep bluffs enrich this prime location featuring Craftsman-style homes,
Spanish-style bungalows, and modern architecture. This Eastside enclave is the
home to the annual Lotus Festival, the Cuban Festival, and historic Filipinotown as
well as many famous residents. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SILVERLAKE - ECHO PARK
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $993,545 $744,249 $1,346,715 $-
AVERAGE LIST PRICE PER SQUARE FOOT $604.81 $554.24 $656.30 $-
AVERAGE SOLD PRICE $1,031,354 $765,226 $1,408,368 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $626.95 $570.30 $684.64 $-
TOTAL SFH SOLD 87 51 36 -
TOTAL SFH FOR SALE AT END OF PERIOD 58 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.0 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 104% 103% 105% 0%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $860,539 $659,674 $1,330,429 $4,250,000
AVERAGE LIST PRICE PER SQUARE FOOT $581.31 $566.02 $609.40 $585.72
AVERAGE SOLD PRICE $877,289 $671,013 $1,355,943 $4,439,776
AVERAGE SOLD PRICE PER SQUARE FOOT $594.63 $575.75 $627.20 $611.88
TOTAL SFH SOLD 88 66 21 1
TOTAL SFH FOR SALE AT END OF PERIOD 55 - 46 9
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.9 - 6.6 27.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 102% 102% 104%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 15% 13% 1% -100%
AVERAGE LIST PRICE PER SQUARE FOOT 4% -2% 8% -100%
AVERAGE SOLD PRICE 18% 14% 4% -100%
AVERAGE SOLD PRICE PER SQUARE FOOT 5% -1% 9% -100%
TOTAL SFH SOLD -1% -23% 71% -100%
TOTAL SFH FOR SALE AT END OF PERIOD 5% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 7% 0% -100% -100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 2% 1% 3% -100%
(Source: MLS/CLAW)
57
CONDOMINIUM SALES SILVERLAKE - ECHO PARK
JUNE MARKET OVERVIEWIn Silver Lake - Echo Park there were 39 single family home sales in June 2016, up from 20 in June 2015 and a 70% increase from the 23 sales closed last month. The average list price for single family home sales in June 2016 was $1,023,673 compared to $816,210 for June 2015, representing a 25% increase. For the three-month period from April to June 2016, the average list price was 15% higher than the same period of the prior year. Average sales price for June 2016 was $1,076,108, compared to that of April through June 2016, which was $1,031,354. These results indicate that the sale price is trending up. Comparing June 2016 to May 2016, Silver Lake - Echo Park saw a 6% increase in average sale price, and a 27% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $672,580 $672,580 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $510.25 $510.25 $- $-
AVERAGE SOLD PRICE $664,647 $664,647 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $504.23 $504.23 $- $-
TOTAL CONDOS SOLD 15 15 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 16 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.2 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 0% 0%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $708,800 $691,965 $995,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $474.72 $475.79 $462.79 $-
AVERAGE SOLD PRICE $712,250 $692,971 $1,040,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $476.91 $476.30 $483.72 $-
TOTAL CONDOS SOLD 18 17 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 5 - 5 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 0.8 - 15.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 105% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -5% -3% -100% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 7% 7% -100% 0%
AVERAGE SOLD PRICE -7% -4% -100% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 6% 6% -100% 0%
TOTAL CONDOS SOLD -17% -12% -100% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 220% 0% -100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 284% 0% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -2% -1% -100% 0%
(Source: MLS/CLAW)
58
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
The Sunset Strip is the world famous stretch of Sunset Boulevard in West
Hollwood that stretches from Hollywood to Beverly Hills. The Strip, which
includes Sunset Plaza, is known for its famous collection of shops and
boutiques, cafes and restaurants, rock joints, and night clubs. It is easily
idenifiable with its colorful collection of billboards and is located at the base of
the Hollywood Hills and is just below the famed “Bird Streets” – from Blue Jay,
Tanager and Thrush Ways to Nightingale, and Kinglet Drives - a favorite area of
A-List celebrities from Hollywood stars to the most well known international
music acts to call home. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SUNSET STRIP-HOLLYWOOD HILLS
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,536,118 $822,493 $1,788,344 $6,011,545
AVERAGE LIST PRICE PER SQUARE FOOT $905.55 $591.14 $760.89 $1,258.48
AVERAGE SOLD PRICE $2,453,111 $831,943 $1,779,436 $5,647,438
AVERAGE SOLD PRICE PER SQUARE FOOT $882.43 $594.47 $757.10 $1,192.86
TOTAL SFH SOLD 101 18 61 22
TOTAL SFH FOR SALE AT END OF PERIOD 237 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 7.0 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 101% 100% 94%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,468,299 $839,273 $1,784,495 $7,692,320
AVERAGE LIST PRICE PER SQUARE FOOT $896.11 $617.05 $747.68 $1,488.79
AVERAGE SOLD PRICE $2,381,660 $827,970 $1,776,797 $7,132,233
AVERAGE SOLD PRICE PER SQUARE FOOT $864.75 $609.99 $744.62 $1,355.96
TOTAL SFH SOLD 141 23 98 20
TOTAL SFH FOR SALE AT END OF PERIOD 206 - 27 92
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.4 - 0.8 13.8
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 96% 99% 100% 93%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 3% -2% 0% -22%
AVERAGE LIST PRICE PER SQUARE FOOT 1% -4% 2% -15%
AVERAGE SOLD PRICE 3% 0% 0% -21%
AVERAGE SOLD PRICE PER SQUARE FOOT 2% -3% 2% -12%
TOTAL SFH SOLD -28% -22% -38% 10%
TOTAL SFH FOR SALE AT END OF PERIOD 15% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 61% 0% -100% -100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 3% 0% 1%
(Source: MLS/CLAW)
59
CONDOMINIUM SALES SUNSET STRIP - HOLLYWOOD HILLS
JUNE MARKET OVERVIEWIn Sunset Strip - Hollywood Hills West there were 37 single family home sales in June 2016, down from 57 in June 2015 and a 32% increase from the 28 sales closed last month. The average list price for single family home sales in June 2016 was $2,559,675 compared to $2,745,333 for June 2015, representing a 7% decrease. For the three-month period from April to June 2016, the average list price was 3% higher than the same period of the prior year. Average sales price for June 2016 was $2,500,186, compared to that of April through June 2016, which was $2,453,111. These results indicate that the sale price is trending up. Comparing June 2016 to May 2016, Sunset Strip - Hollywood Hills West saw a 2% increase in average sale price, but a 4% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $757,599 $538,050 $1,693,780 $4,200,000
AVERAGE LIST PRICE PER SQUARE FOOT $636.09 $493.59 $919.63 $2,511.96
AVERAGE SOLD PRICE $742,767 $533,932 $1,606,700 $4,150,000
AVERAGE SOLD PRICE PER SQUARE FOOT $623.64 $489.81 $872.35 $2,482.06
TOTAL CONDOS SOLD 43 37 5 1
TOTAL CONDOS FOR SALE AT END OF PERIOD 32 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.2 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 99% 95% 99%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $528,820 $528,820 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $486.30 $486.30 $- $-
AVERAGE SOLD PRICE $520,805 $520,805 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $478.93 $478.93 $- $-
TOTAL CONDOS SOLD 27 27 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 22 - 17 4
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.4 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 0% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 43% 2% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 31% 1% 0% 0%
AVERAGE SOLD PRICE 43% 3% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 30% 2% 0% 0%
TOTAL CONDOS SOLD 59% 37% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 45% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -9% 0% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 1% 0% 0%
(Source: MLS/CLAW)
60
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
Located in the Santa Monica Mountains, Topanga, also referred to as
Topanga Canyon, is bound on three sides by state park or conservancy lands
and on the south by a strip of Malibu and the Pacific Ocean. Located to the
east is Pacific Palisades. Topanga Canyon contains lands of Topanga State
Park, which is the largest park in the Santa Monica Mountains and one of
the largest open space preserves surrounded by a city in the world, as well
as the Santa Monica Mountains Conservancy. It is part of the Santa Monica
Mountains National Recreation Area.CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
TOPANGA
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,218,780 $749,793 $1,538,543 $-
AVERAGE LIST PRICE PER SQUARE FOOT $572.78 $521.83 $591.99 $-
AVERAGE SOLD PRICE $1,205,730 $731,467 $1,529,091 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $566.65 $509.07 $588.35 $-
TOTAL SFH SOLD 37 15 22 -
TOTAL SFH FOR SALE AT END OF PERIOD 34 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.8 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 98% 99% 0%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,060,738 $723,656 $1,307,325 $3,495,000
AVERAGE LIST PRICE PER SQUARE FOOT $530.87 $412.38 $640.61 $649.75
AVERAGE SOLD PRICE $1,040,786 $700,589 $1,312,365 $3,225,000
AVERAGE SOLD PRICE PER SQUARE FOOT $520.89 $399.24 $643.08 $599.55
TOTAL SFH SOLD 29 16 12 1
TOTAL SFH FOR SALE AT END OF PERIOD 58 - 23 31
AVERAGE MONTHLY SUPPLY OF INVENTORY 6.0 - 5.8 93.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 97% 100% 92%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 15% 4% 18% -100%
AVERAGE LIST PRICE PER SQUARE FOOT 8% 27% -8% -100%
AVERAGE SOLD PRICE 16% 4% 17% -100%
AVERAGE SOLD PRICE PER SQUARE FOOT 9% 28% -9% -100%
TOTAL SFH SOLD 28% -6% 83% -100%
TOTAL SFH FOR SALE AT END OF PERIOD -41% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -54% 0% -100% -100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 1% -1% -100%
(Source: MLS/CLAW)
61
CONDOMINIUM SALES TOPANGA
JUNE MARKET OVERVIEWIn Topanga there were 19 single family home sales in June 2016, up from 11 in June 2015 and a 280% increase from the
5 sales closed last month. The average list price for single family home sales in June 2016 was $1,163,261 compared to
$1,017,727 for June 2015, representing a 14% increase. For the three-month period from April to June 2016, the average
list price was 15% higher than the same period of the prior year. Average sales price for June 2016 was $1,146,689,
compared to that of April through June 2016, which was $1,205,730. These results indicate that the sale price is trending
down. Comparing June 2016 to May 2016, Topanga saw a 21% decrease in average sale price, but a 17% increase
compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $269,900 $269,900 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $234.29 $234.29 $- $-
AVERAGE SOLD PRICE $212,500 $212,500 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $184.46 $184.46 $- $-
TOTAL CONDOS SOLD 1 1 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 79% 79% 0% 0%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $251,150 $251,150 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $179.78 $179.78 $- $-
AVERAGE SOLD PRICE $239,855 $239,855 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $171.69 $171.69 $- $-
TOTAL CONDOS SOLD 2 2 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 96% 96% 0% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 7% 7% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 30% 30% 0% 0%
AVERAGE SOLD PRICE -11% -11% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 7% 7% 0% 0%
TOTAL CONDOS SOLD -50% -50% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 0% 0% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 0% 0% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -18% -18% 0% 0%
(Source: MLS/CLAW)
62
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
Venice is a beachfront district on the Westside of Los Angeles, California,
known for its bungalows, cottages, condos and oceanfront properties. A
short walk from some of the finest and trendiest beachside restaurants and
bars in Los Angeles, Venice offers surfing, kayaking, boating, biking, boogie
boarding and outdoor summer concerts. The famous Venice Beach Strip and
Muscle Beach are a short walk away. With its variety of bungalows, cottages,
condos and oceanfront listings, Venice is an ideal retreat for family, friends
or couples, for work or play, and is one of Los Angeles’s most sought-after
neighborhoods. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
VENICE
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,293,593 $947,000 $1,841,430 $4,903,889
AVERAGE LIST PRICE PER SQUARE FOOT $1,167.52 $1,048.15 $1,041.98 $1,516.77
AVERAGE SOLD PRICE $2,246,171 $950,000 $1,807,961 $4,773,950
AVERAGE SOLD PRICE PER SQUARE FOOT $1,142.98 $1,051.47 $1,022.54 $1,476.58
TOTAL SFH SOLD 57 2 46 9
TOTAL SFH FOR SALE AT END OF PERIOD 67 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.5 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 100% 98% 97%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,111,142 $- $1,861,379 $3,703,375
AVERAGE LIST PRICE PER SQUARE FOOT $1,012.73 $- $986.94 $1,102.40
AVERAGE SOLD PRICE $2,106,775 $- $1,878,524 $3,561,875
AVERAGE SOLD PRICE PER SQUARE FOOT $1,012.62 $- $998.92 $1,060.28
TOTAL SFH SOLD 59 - 51 8
TOTAL SFH FOR SALE AT END OF PERIOD 46 - 1 35
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.3 - 0.1 13.1
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 0% 101% 96%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 9% 0% -1% 32%
AVERAGE LIST PRICE PER SQUARE FOOT 15% 0% 6% 38%
AVERAGE SOLD PRICE 7% 0% -4% 34%
AVERAGE SOLD PRICE PER SQUARE FOOT 13% 0% 2% 39%
TOTAL SFH SOLD -3% 0% -10% 13%
TOTAL SFH FOR SALE AT END OF PERIOD 46% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 51% 0% -100% -100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -2% 0% -3% 1%
(Source: MLS/CLAW)
63
CONDOMINIUM SALES VENICE
JUNE MARKET OVERVIEWIn Venice there were 24 single family home sales in June 2016, up from 22 in June 2015 and a 33% increase from the 18 sales closed last month. The average list price for single family home sales in June 2016 was $2,292,325 compared to $1,938,839 for June 2015, representing an 18% increase. For the three-month period from April to June 2016, the average list price was 9% higher than the same period of the prior year. Average sales price for June 2016 was $2,260,690, compared to that of April through June 2016, which was $2,246,171. These results indicate that the sale price is trending up. Comparing June 2016 to May 2016, Venice saw a 9% increase in average sale price, and a 16% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,454,400 $- $1,454,400 $-
AVERAGE LIST PRICE PER SQUARE FOOT $892.93 $- $892.93 $-
AVERAGE SOLD PRICE $1,441,200 $- $1,441,200 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $884.82 $- $884.82 $-
TOTAL CONDOS SOLD 10 - 10 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 10 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.0 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 0% 99% 0%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,359,600 $745,333 $1,622,857 $-
AVERAGE LIST PRICE PER SQUARE FOOT $701.48 $724.80 $697.06 $-
AVERAGE SOLD PRICE $1,378,400 $824,000 $1,616,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $711.18 $801.30 $694.12 $-
TOTAL CONDOS SOLD 10 3 7 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 14 - 2 12
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.2 - 0.9 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 111% 100% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 7% -100% -10% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 27% -100% 28% 0%
AVERAGE SOLD PRICE 5% -100% -11% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 24% -100% 27% 0%
TOTAL CONDOS SOLD 0% -100% 43% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -29% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -29% 0% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -2% -100% 0% 0%
(Source: MLS/CLAW)
64
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
West Hollywood is a thriving, diverse community on the leading edge of
culture, entertainment, and design - and is home to the internationally
reknown Pacific Design Center. Minutes away is the Hollywood Bowl, The
Greek Theatre, and The Getty Center. The uniquely compact city boasts the
Sunset Strip, Santa Monica Boulevard, Robertson, and Melrose; truly Los
Angeles’ Mecca for fashion, fine dining, unparalleled nightlife, and the world-
renowned entertainment industry. Incorporated in 1984, West Hollywood
has been instrumental since its start in achieving cultural, environmental,
and political breakthroughs. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
WEST HOLLYWOOD
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,749,859 $769,225 $1,675,318 $3,604,000
AVERAGE LIST PRICE PER SQUARE FOOT $902.68 $886.20 $920.00 $857.69
AVERAGE SOLD PRICE $1,722,386 $773,125 $1,647,259 $3,539,000
AVERAGE SOLD PRICE PER SQUARE FOOT $889.13 $890.70 $905.38 $842.22
TOTAL SFH SOLD 29 4 22 3
TOTAL SFH FOR SALE AT END OF PERIOD 40 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.1 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 101% 98% 98%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,743,281 $867,417 $1,728,175 $3,636,000
AVERAGE LIST PRICE PER SQUARE FOOT $877.18 $765.48 $924.45 $718.08
AVERAGE SOLD PRICE $1,728,527 $885,000 $1,714,375 $3,547,667
AVERAGE SOLD PRICE PER SQUARE FOOT $871.38 $781.00 $917.51 $703.02
TOTAL SFH SOLD 37 6 28 3
TOTAL SFH FOR SALE AT END OF PERIOD 25 - 4 19
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.0 - 0.4 19.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 102% 99% 98%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 0% -11% -3% -1%
AVERAGE LIST PRICE PER SQUARE FOOT 3% 16% 0% 19%
AVERAGE SOLD PRICE 0% -13% -4% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 2% 14% -1% 20%
TOTAL SFH SOLD -22% -33% -21% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 60% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 104% 0% -100% -100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% -1% -1% 1%
(Source: MLS/CLAW)
65
CONDOMINIUM SALES WEST HOLLYWOOD
JUNE MARKET OVERVIEWIn West Hollywood Vicinity there were 35 condominium sales in June 2016, down from 48 in June 2015 and a 9% increase from the 32 sales closed last month. The average list price for condo sales in June 2016 was $874,109 compared to $666,025 for June 2015, representing a 31% increase. For the three-month period from April to June 2016, the average list price was 20% higher than the same period of the prior year. Average sales price for June 2016 was $855,850, compared to that of April through June 2016, which was $823,475. These results indicate that the sale price is trending up. Comparing June 2016 to May 2016, West Hollywood Vicinity saw a 10% increase in average sale price, and a 30% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $835,932 $665,852 $1,346,143 $3,898,000
AVERAGE LIST PRICE PER SQUARE FOOT $669.59 $606.78 $786.60 $974.50
AVERAGE SOLD PRICE $823,475 $662,899 $1,313,956 $3,530,000
AVERAGE SOLD PRICE PER SQUARE FOOT $659.68 $604.38 $767.80 $882.50
TOTAL CONDOS SOLD 103 81 21 1
TOTAL CONDOS FOR SALE AT END OF PERIOD 70 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.0 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 100% 98% 91%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $698,651 $614,183 $1,258,253 $-
AVERAGE LIST PRICE PER SQUARE FOOT $604.81 $579.17 $701.29 $-
AVERAGE SOLD PRICE $688,860 $612,411 $1,195,336 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $595.94 $577.27 $666.23 $-
TOTAL CONDOS SOLD 122 106 16 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 73 - 45 26
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.8 - 8.4 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 100% 95% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 20% 8% 7% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 11% 5% 12% 0%
AVERAGE SOLD PRICE 20% 8% 10% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 11% 5% 15% 0%
TOTAL CONDOS SOLD -16% -24% 31% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -4% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 14% 0% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 3% 0%
(Source: MLS/CLAW)
66
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
Surrounded by Santa Monica, Beverly Hills, the ocean and the Santa Monica
Mountains is the city of West Los Angeles, known for its 1920s, mid-century
and contemporary architecture. With its rolling hills and proximity to the ocean,
West Los Angeles was originally developed as an upscale community and is
still considered one of the most desirable areas to live in Los Angeles today.
With its central location between Los Angeles and the ocean, West Los Angeles
has attracted a diverse range of commercial development to add to its 1920s
through mid-century and contemporary architecture. The area is home to some
of the world’s finest shopping. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
WEST LOS ANGELES
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,108,956 $699,572 $1,443,907 $-
AVERAGE LIST PRICE PER SQUARE FOOT $639.82 $504.26 $716.14 $-
AVERAGE SOLD PRICE $1,092,615 $678,139 $1,431,733 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $630.39 $488.81 $710.10 $-
TOTAL SFH SOLD 40 18 22 -
TOTAL SFH FOR SALE AT END OF PERIOD 22 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.7 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 97% 99% 0%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $994,691 $837,541 $1,308,991 $-
AVERAGE LIST PRICE PER SQUARE FOOT $626.91 $676.16 $573.46 $-
AVERAGE SOLD PRICE $993,322 $851,831 $1,276,304 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $626.04 $687.69 $559.14 $-
TOTAL SFH SOLD 33 22 11 -
TOTAL SFH FOR SALE AT END OF PERIOD 11 - 3 8
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.0 - 0.8 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 102% 98% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 11% -16% 10% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 2% -25% 25% 0%
AVERAGE SOLD PRICE 10% -20% 12% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 1% -29% 27% 0%
TOTAL SFH SOLD 21% -18% 100% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 100% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 65% 0% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% -5% 2% 0%
(Source: MLS/CLAW)
67
CONDOMINIUM SALES WEST LOS ANGELES
JUNE MARKET OVERVIEWIn West Los Angeles there were 19 condominium sales in June 2016, down from 27 in June 2015 and a 19% increase from the 16 sales closed last month. The average list price for condo sales in June 2016 was $809,179 compared to $762,103 for June 2015, representing a 6% increase. For the three-month period from April to June 2016, the average list price was 10% higher than the same period of the prior year. Average sales price for June 2016 was $831,622, compared to that of April through June 2016, which was $804,996. These results indicate that the sale price is trending up. Comparing June 2016 to May 2016, West Los Angeles saw a 5% increase in average sale price, and a 7% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $786,900 $754,793 $1,056,600 $-
AVERAGE LIST PRICE PER SQUARE FOOT $528.48 $526.58 $540.18 $-
AVERAGE SOLD PRICE $804,996 $769,722 $1,101,300 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $540.64 $537.00 $563.04 $-
TOTAL CONDOS SOLD 47 42 5 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 23 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.5 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 102% 104% 0%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $717,025 $651,975 $1,335,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $496.31 $489.16 $532.44 $-
AVERAGE SOLD PRICE $728,011 $666,890 $1,308,667 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $503.92 $500.35 $521.94 $-
TOTAL CONDOS SOLD 63 57 6 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 19 - 18 1
AVERAGE MONTHLY SUPPLY OF INVENTORY 0.9 - 9.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 102% 98% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 10% 16% -21% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 6% 8% 1% 0%
AVERAGE SOLD PRICE 11% 15% -16% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 7% 7% 8% 0%
TOTAL CONDOS SOLD -25% -26% -17% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 21% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 62% 0% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 0% 6% 0%
(Source: MLS/CLAW)
68
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
Westchester is a neighborhood in the city of Los Angeles known for its
secluded character and recent real estate growth. The main part of
Westchester is flanked by Playa Vista and Culver City on the north, Inglewood
and Lennox on the east, Del Aire and El Segundo on the south and Playa del
Rey on the west. It includes all of the Los Angeles International Airport and is
the home of Loyola Marymount University, the Otis College of Art and Design,
and Westchester Enriched Sciences Magnet Schools.CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
WESTCHESTER
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,103,147 $835,818 $1,313,190 $-
AVERAGE LIST PRICE PER SQUARE FOOT $628.96 $621.23 $632.79 $-
AVERAGE SOLD PRICE $1,130,212 $858,067 $1,344,040 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $643.48 $635.08 $647.66 $-
TOTAL SFH SOLD 75 33 42 -
TOTAL SFH FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 103% 102% 0%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,040,581 $814,390 $1,328,975 $-
AVERAGE LIST PRICE PER SQUARE FOOT $552.75 $560.22 $547.17 $-
AVERAGE SOLD PRICE $1,063,969 $842,055 $1,346,910 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $565.28 $579.64 $554.55 $-
TOTAL SFH SOLD 91 51 40 -
TOTAL SFH FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 103% 101% 0%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 6% 3% -1% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 14% 11% 16% 0%
AVERAGE SOLD PRICE 6% 2% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 14% 10% 17% 0%
TOTAL SFH SOLD -18% -35% 5% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 0% 0% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 0% 0% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% -1% 1% 0%
(Source: MLS/CLAW)
69
CONDOMINIUM SALES WESTCHESTER
JUNE MARKET OVERVIEWIn Westchester there were 34 single family home sales in June 2016, down from 37 in June 2015 and a 62% increase from
the 21 sales closed last month. The average list price for single family home sales in June 2016 was $1,087,735 almost
matching $1,093,943 for June 2015. For the three-month period from April to June 2016, the average list price was 6%
higher than the same period of the prior year. Average sales price for June 2016 was $1,117,218, compared to that of April
through June 2016, which was $1,130,212. These results indicate that the sale price is trending down. Comparing June
2016 to May 2016, Westchester saw a 6% decrease in average sale price, but was flat compared to same month of the
prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $492,000 $492,000 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $422.78 $422.78 $- $-
AVERAGE SOLD PRICE $507,273 $507,273 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $435.90 $435.90 $- $-
TOTAL CONDOS SOLD 11 11 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 2 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 0.5 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 103% 103% 0% 0%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $500,750 $500,750 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $381.09 $381.09 $- $-
AVERAGE SOLD PRICE $506,063 $506,063 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $385.13 $385.13 $- $-
TOTAL CONDOS SOLD 16 16 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 4 - 4 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 0.8 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 101% 0% 0%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -2% -2% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 11% 11% 0% 0%
AVERAGE SOLD PRICE 0% 0% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 13% 13% 0% 0%
TOTAL CONDOS SOLD -31% -31% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -50% 0% -100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -27% 0% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 2% 2% 0% 0%
(Source: MLS/CLAW)
70
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA | sothebyshomes.com/losangeles
Westwood is a neighborhood in the northern central portion of the Westside
of Los Angeles, California, known for its condos, townhomes, California
bungalows and single-family homes. Westwood is the home of the University
of California, Los Angeles (UCLA), and is also a center for movie-going on
the Westside and the site of many movie premieres. Century City is a 176-
acre commercial and residential district on the Westside of the city of Los
Angeles. Century City is also an important business center. Many law firms
and executives, particularly those with ties to the film, television and music
industries, have offices there. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
WESTWOOD - CENTURY CITY
SINGLE FAMILY HOMES (SFH)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,522,000 $- $1,904,250 $4,422,769
AVERAGE LIST PRICE PER SQUARE FOOT $901.52 $- $845.23 $994.33
AVERAGE SOLD PRICE $2,496,421 $- $1,902,622 $4,323,497
AVERAGE SOLD PRICE PER SQUARE FOOT $891.88 $- $844.51 $969.98
TOTAL SFH SOLD 53 - 40 13
TOTAL SFH FOR SALE AT END OF PERIOD 43 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.4 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 0% 100% 98%
SFHAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,090,700 $- $1,648,303 $4,176,286
AVERAGE LIST PRICE PER SQUARE FOOT $765.67 $- $713.40 $877.92
AVERAGE SOLD PRICE $2,117,800 $- $1,690,632 $4,131,589
AVERAGE SOLD PRICE PER SQUARE FOOT $776.58 $- $733.76 $868.53
TOTAL SFH SOLD 40 - 33 7
TOTAL SFH FOR SALE AT END OF PERIOD 37 - 2 24
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.8 - 0.2 10.3
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 0% 103% 99%
SFHJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 21% 0% 16% 6%
AVERAGE LIST PRICE PER SQUARE FOOT 18% 0% 18% 13%
AVERAGE SOLD PRICE 18% 0% 13% 5%
AVERAGE SOLD PRICE PER SQUARE FOOT 15% 0% 15% 12%
TOTAL SFH SOLD 33% 0% 21% 86%
TOTAL SFH FOR SALE AT END OF PERIOD 16% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -12% 0% -100% -100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -2% 0% -3% -1%
(Source: MLS/CLAW)
71
CONDOMINIUM SALES WESTWOOD - CENTURY CITY
JUNE MARKET OVERVIEWIn Westwood - Century City there were 51 condominium sales in June 2016, down from 71 in June 2015 and a 11% increase from the 46 sales closed last month. The average list price for condo sales in June 2016 was $996,175 almost matching $1,037,500 for June 2015. For the three-month period from April to June 2016, the average list price was 9% higher than the same period of the prior year. Average sales price for June 2016 was $991,041, compared to that of April through June 2016, which was $1,157,381. These results indicate that the sale price is trending down. Comparing June 2016 to May 2016, Westwood - Century City saw a 5% decrease in average sale price, and a 2% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)APR - JUN 2016 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,203,107 $714,205 $1,479,020 $7,119,167
AVERAGE LIST PRICE PER SQUARE FOOT $707.96 $547.70 $653.01 $1,818.05
AVERAGE SOLD PRICE $1,157,381 $717,604 $1,442,769 $6,200,000
AVERAGE SOLD PRICE PER SQUARE FOOT $681.05 $550.31 $637.00 $1,583.32
TOTAL CONDOS SOLD 149 98 45 6
TOTAL CONDOS FOR SALE AT END OF PERIOD 130 - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.6 - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 96% 100% 98% 87%
CONDOSAPR - JUN 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,104,906 $701,733 $1,614,172 $4,204,909
AVERAGE LIST PRICE PER SQUARE FOOT $647.34 $505.98 $681.55 $1,216.73
AVERAGE SOLD PRICE $1,062,183 $696,074 $1,535,545 $3,845,455
AVERAGE SOLD PRICE PER SQUARE FOOT $623.59 $504.43 $647.52 $1,112.72
TOTAL CONDOS SOLD 168 125 32 11
TOTAL CONDOS FOR SALE AT END OF PERIOD 182 - 87 68
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.3 - 8.2 18.5
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 96% 99% 95% 91%
CONDOSJUN/JUN COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 9% 2% -8% 69%
AVERAGE LIST PRICE PER SQUARE FOOT 9% 8% -4% 49%
AVERAGE SOLD PRICE 9% 3% -6% 61%
AVERAGE SOLD PRICE PER SQUARE FOOT 9% 9% -2% 42%
TOTAL CONDOS SOLD -11% -22% 41% -45%
TOTAL CONDOS FOR SALE AT END OF PERIOD -29% 0% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -19% 0% -100% -100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 1% 3% -5%
(Source: MLS/CLAW)