los angeles housing statistics: 4th quarter 2012 vs 4th quarter 2013

WHAT IS A MARKET WITHIN A MARKET?

Just as the weather is different from Los Feliz to Santa Monica so is the Real Estate climate. While it

may be cloudy & overcast in Marina del Rey, at the same exact time, it may be warm & sunny in

the Mid Wilshire area. The Real Estate market works the same way. Year-to-year there may be a

significant sales increase in Venice while at the same time there is an alarming drop in sales price

from the Palms – Mar Vista area even though they are literally blocks from one another.

With our vast years of experience, we at Keller Williams have come to notice that like the need for

a sweater by the beach and a T-shirt in the Valley, every market within a market has a very different

climate and therefore requires its own set of statistics for you to truly understand what is going on in

your neighborhood. Although you can easily access the broad national, state, and/or country

trends published by the media, they may not have anything to do with what is occurring in your

own backyard. After all, you wouldn’t watch a weather channel report for Seattle to decide if you

need an umbrella that day would you?

WHY THIS BENEFITS YOU – OUR CLIENT

Our extensive experience & knowledge has led us to notice that markets within

markets may be performing in a different way from one another and from national

averages.

With the current stringent lending situation, having knowledge of the specialized

market trends for the neighborhood you are contemplating is vital for true success in

your transaction.

Don’t be mislead by ideas that are not actual facts.

What is in fact occurring in the markets of those areas may be counterintuitive of

notions or ideas you may have perceived from national averages. Knowledge is

power and knowing all the facts will give you the power to make the most educated

choice.

$1,918,000

$891

41

40

170

142

23.53%

$2,249,500

$791

49

38

154

100

24.68%

17.3%

-11.2%

19.5%

-5.0%

-9.4%

-29.9%

4.9%

BEL AIR – HOLMBY HILLS SFR

Median Price ……………………..…….

Average Price per Square Foot ….…

Properties Sold ……………………….

Properties Pending Sale ………………

Properties For Sale …………….……...

Days on Market (Pending Sale) ….…..

Percent Under Contract ………….……








$999,500

$520

50

39

84

55

46.43%

$1,330,000

$600

43

34

77

45

44.16%

33.1%

15.4%

-14.0%

-12.8%

-8.3%

-18.2%

-4.9%

BEVERLY CENTER – MIRACLE MILE SFR















$552,500

$408

14

18

45

43

40.00%

$760,000

$510

35

23

50

63

46.00%

37.6%

25.0%

150.0%

27.8%

11.1%

47.7%

15.0%

BEVERLY CENTER – MIRACLE MILE CONDO















$4,085,000

$962

64

52

159

92

32.70%

$5,592,175

$1,249

35

38

139

117

27.34%

36.9%

29.8%

-45.3%

-26.9%

-12.6%

26.5%

-16.4%

BEVERLY HILLS SFR















$816,000

$451

23

22

78

76

28.21%

$1,030,000

$542

19

20

73

61

27.40%

26.2%

20.2%

-17.4%

-9.1%

-6.4%

-19.2%

-2.9%

BEVERLY HILLS CONDO















$1,800,000

$621

40

36

146

92

24.66%

$1,915,000

$809

37

36

165

64

21.82%

6.4%

30.3%

-7.5%

0.0%

13.0%

-30.5%

-11.5%

BEVERLY HILLS P.O. SFR















$779,000

$453

37

35

73

83

47.95%

$985,000

$553

42

36

90

37

40.00%

26.4%

22.1%

13.5%

2.9%

23.3%

-54.8%

-16.6%

BEVERLYWOOD SFR















$1,653,750

$806

76

60

158

95

37.97%

$2,330,555

$852

53

53

147

66

36.05%

40.9%

5.7%

-30.3%

-11.7%

-7.0%

-30.9%

-5.1%

BRENTWOOD SFR















$685,000

$453

35

39

107

73

36.45%

$695,000

$491

43

37

99

52

37.37%

1.5%

8.4%

22.9%

-5.1%

-7.5%

-28.3%

2.5%

BRENTWOOD CONDO















$465,000

$354

12

11

30

60

36.67%

$607,650

$400

14

9

26

53

34.62%

30.7%

13.0%

16.7%

-18.2%

-13.3%

-11.1%

-5.6%

BURBANK SFR















$321,000

$271

2

2

5

29

40.00%

$400,000

$322

9

8

13

19

61.54%

24.5%

18.8%

350.0%

300.0%

160.0%

-34.9%

53.8%

BURBANK CONDO















$570,500

$293

6

7

26

72

26.92%

$772,500

$408

8

5

26

109

19.23%

35.4%

39.2%

33.3%

-28.6%

0.0%

50.5%

-28.6%

CALABASAS SFR















$370,000

$247

1

2

3

35

66.67%

$390,000

$357

2

0

4

0

0.00%

5.4%

44.5%

100.0%

-100.0%

33.3%

-100.0%

-100.0%

CALABASAS CONDO















$1,378,000

$529

16

12

24

80

50.00%

$1,444,000

$636

18

12

25

38

48.00%

4.8%

20.2%

12.5%

0.0%

4.2%

-52.1%

-4.0%

CHEVIOT HILLS-RANCH PARK SFR















$665,000

$432

51

41

77

67

53.25%

$850,000

$560

35

31

63

44

49.21%

27.8%

29.6%

-31.4%

-24.4%

-18.2%

-33.8%

-7.6%

CULVER CITY SFR















$318,500

$291

32

35

55

66

63.64%

$395,625

$385

30

33

59

38

55.93%

24.2%

32.3%

-6.2%

-5.7%

7.3%

-41.8%

-12.1%

CULVER CITY CONDO















$180,000

$151

13

17

36

116

47.22%

$255,000

$161

15

16

43

47

37.21%

41.7%

6.6%

15.4%

-5.9%

19.4%

-59.4%

-21.2%

DOWNTOWN SFR















$392,500

$415

98

88

181

76

48.62%

$505,888

$555

65

74

226

63

32.74%

28.9%

33.7%

-33.7%

-15.9%

24.9%

-17.2%

-32.7%

DOWNTOWN CONDO















$752,5000

$335

20

17

72

72

23.61%

$1,050,000

$402

31

23

81

57

28.40%

39.5%

20.0%

55.0%

35.3%

12.5%

-21.3%

20.3%

ENCINO SFR















$259,500

$190

12

5

13

8

38.46%

$267,500

$230

8

4

18

41

22.22%

3.1%

21.1%

-33.3%

-20.0%

38.5%

391.1%

-42.2%

ENCINO CONDO















$1,250,000

$498

65

47

111

85

42.34%

$1,300,000

$588

76

58

153

48

37.91%

4.0%

18.1%

16.9%

23.4%

37.8%

-43.2%

-10.5%

HANCOCK PARK-WILSHIRE SFR















$664,500

$500

14

6

20

56

30.00%

$590,000

$434

13

9

24

66

37.50%

-11.2%

-13.2%

-7.1%

50.0%

20.0%

18.6%

25.0%

HOLLYWOOD SFR















$589,000

$420

41

33

75

86

44.00%

$585,000

$458

27

27

79

71

34.18%

-0.7%

9.0%

-34.1%

-18.2%

5.3%

-16.9%

-22.3%

HOLLYWOOD CONDO















$944,500

$445

44

32

90

82

35.56%

$1,100,000

$505

33

28

86

52

32.56%

16.5%

13.5%

-25.0%

-12.5%

-4.4%

-36.1%

-8.4%

HOLLYWOOD HILLS EAST SFR















$895,000

$449

50

45

115

58

39.13%

$1,445,875

$617

46

43

109

44

39.45%

61.6%

37.4%

-8.0%

-4.4%

-5.2%

-23.9%

0.8%

LOS FELIZ SFR















$403,500

$419

6

5

8

119

62.50%

$500,000

$425

7

7

10

27

70.00%

23.9%

1.4%

16.7%

40.0%

25.0%

-76.9%

12.0%

LOS FELIZ CONDO















$1,950,000

$584

52

41

223

185

18.39%

$2,398,750

$739

50

39

240

131

16.25%

23.0%

26.5%

-3.8%

-4.9%

7.6%

-28.9%

-11.6%

MALIBU SFR















$5,825,000

$2,289

16

12

101

236

11.88%

$4,350,000

$2,156

12

15

87

179

17.24%

-25.3%

-5.8%

-25.0%

25.0%

-13.9%

-24.3%

45.1%

MALIBU BEACH SFR















$1,680,000

$555

9

8

25

110

32.00%

$1,750,000

$616

10

6

31

64

19.35%

4.2%

11.0%

11.1%

-25.0%

24.0%

-42.0%

-39.5%

MARINA DEL REY SFR















$630,000

$472

63

53

176

71

30.11%

$686,000

$515

75

72

217

71

33.18%

8.9%

9.1%

19.0%

35.8%

23.3%

0.0%

10.2%

MARINA DEL REY CONDO















$331,000

$220

55

47

95

48

49.47%

$472,5000

$310

58

54

118

62

45.76%

42.7%

40.9%

5.5%

14.9%

24.2%

27.5%

-7.5%

MID LOS ANGELES SFR















$412,500

$245

6

6

22

31

27.27%

$633,750

$315

8

6

21

32

28.57%

53.6%

28.6%

33.0%

0.0%

-4.5%

2.1%

4.8%

MID WILSHIRE SFR















$2,130,000

$680

73

60

166

105

36.14%

$2,495,000

$896

60

52

168

60

30.95%

17.1%

31.8%

-17.8%

-13.3%

1.2%

-42.4%

-14.4%

PACIFIC PALISADES SFR















$799,000

$539

86

79

113

45

69.91%

$1,050,000

$605

87

70

117

44

59.83%

31.4%

12.2%

1.2%

-11.4%

3.5%

-3.2%

-14.4%

PALMS – MAR VISTA SFR















$1,625,000

$833

73

68

145

52

46.90%

$1,845,000

$888

59

48

118

52

40.68%

13.5%

6.6%

-19.2%

-29.4%

-18.6%

0.8%

-13.3%

SANTA MONICA SFR















$690,000

$622

109

86

169

86

50.89%

$735,000

$666

99

82

167

47

49.10%

6.5%

7.1%

-9.2%

-4.7%

-1.2%

-44.6%

-3.5%

SANTA MONICA CONDO















$830,000

$375

55

47

114

58

41.23%

$838,000

$413

46

47

120

48

39.17%

1.0%

10.1%

-16.4%

0.0%

5.3%

-17.1%

-5.0%

SHERMAN OAKS SFR















$300,000

$257

20

16

30

40

53.33%

$410,000

$312

21

22

36

52

61.11%

36.7%

21.4%

5.0%

37.5%

20.0%

30.0%

14.6%

SHERMAN OAKS CONDO















$661,000

$456

56

56

109

52

51.38%

$837,500

$518

68

55

92

54

59.78%

26.7%

13.6%

21.4%

-1.8%

-15.6%

4.3%

16.4%

SILVER LAKE – ECHO PARK SFR















$966,000

$472

29

30

78

64

38.46%

$1,031,000

$479

37

36

111

50

32.43%

6.7%

1.5%

27.6%

20.0%

42.3%

-21.1%

-15.7%

STUDIO CITY SFR















$366,050

$275

14

10

19

57

52.63%

$467,500

$348

18

14

38

41

36.84%

27.7%

26.5%

28.6%

40.0%

100.0%

-28.7%

-30.0%

STUDIO CITY CONDO















$1,336,500

$642

110

96

340

81

28.24%

$1,485,000

$770

89

83

351

66

23.65%

11.1%

19.9%

-19.1%

-13.5%

3.2%

-18.8%

-16.3%

SUNSET STRIP – HOLLYWOOD HILLS WEST SFR















$325,000

$461

16

16

48

79

33.33%

$482,500

$459

24

23

56

52

41.07%

48.5%

-0.4%

50.0%

43.8%

16.7%

-33.8%

23.2%

SUNSET STRIP – HOLLYWOOD HILLS WEST CONDO















$725,000

$412

19

11

66

177

16.67%

$1,070,000

$547

17

17

68

60

25.00%

47.6%

32.8%

-10.5%

54.5%

3.0%

-66.0%

50.0%

TOPANGA SFR















$1,330,000

$820

59

44

93

69

47.31%

$1,400,000

$909

63

55

96

54

57.29%

5.3%

10.9%

6.8%

25.0%

3.2%

-21.9%

21.1%

VENICE SFR















$1,050,000

$582

11

10

20

65

50.00%

$995,000

$610

14

9

20

62

45.00%

-5.2%

4.8%

27.3%

-10.0%

0.0%

-3.8%

-10.0%

VENICE CONDO















$1,146,000

$680

19

14

50

65

28.00%

$1,250,000

$680

27

36

80

57

45.00%

9.1%

0.0%

42.1%

157.1%

60.0%

-11.6%

60.7%

WEST HOLLYWOOD SFR















$475,000

$427

67

74

178

74

41.57%

$652,000

$544

87

75

193

63

38.86%

37.3%

27.4%

29.9%

1.4%

8.4%

-14.4%

-6.5%

WEST HOLLYWOOD CONDO















$707,500

$541

16

17

34

41

50.00%

$789,500

$561

24

16

32

62

50.00%

11.6%

3.7%

50.0%

-5.9%

-5.9%

49.5%

0.0%

WEST LOS ANGELES SFR















$640,000

$411

69

52

84

49

61.90%

$760,000

$468

67

56

75

40

74.67%

18.8%

13.9%

-2.9%

7.7%

-10.7%

-18.4%

20.6%

WESTCHESTER SFR















$243,000

$250

9

7

15

79

46.67%

$419,000

$335

7

4

15

69

26.67%

72.4%

34.0%

-22.2%

-42.9%

0.0%

-13.0%

-42.9%

WESTCHESTER CONDO















$1,400,000

$598

61

40

70

62

57.14%

$1,450,000

$680

51

45

90

42

50.00%

3.6%

13.7%

-16.4%

12.5%

28.6%

-31.2%

-12.5%

WESTWOOD – CENTURY CITY SFR















$611,000

$493

113

101

305

106

33.11%

$730,000

$675

117

106

382

78

27.75%

19.5%

36.9%

3.5%

5.0%

25.2%

-26.4%

-16.2%

WESTWOOD – CENTURY CITY CONDO















Glossary of Terms

Median Price: A value that separates the upper

half of prices from the lower half of prices. It can

be interpreted like an average, however the

extreme prices (high and low) don’t hold

undue.

Average Price per Square Foot: The price per

each property divided by their respective

square footage then averaged across all

properties sold in the area for a given time

period.

Properties Sold: The number of property

transactions that closed and transferred

ownership.

Properties Pending Sale: The number of

properties that entered escrow in preparation

for sale.

Properties For Sale: The number of properties on

the market and seeking buyers.

Days on Market (Pending Sale): The number of

days that properties currently in escrow were on

the market.

Absorption Rate: The rate at which the inventory

of home for sale are being sold.

Percent Under Contract: The ratio of properties

to properties sale.

Disclaimer

Information obtained from Broker Metrics and DataQuick. Broker Metrics and DataQuick statistics are subject to change due to individual real estate company reporting disciplines.

The information provided herein is from sources we believe to be reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it.

los angeles housing statistics: 4th quarter 2012 vs 4th quarter 2013

Documents

sale properties

market pending sale

average price

properties pend

sales price

square foot

real estate market

specialized market trends