q1, 2015 market within a market
DESCRIPTION
Keller Williams Realty Market Within A Market Report First Quarter 2015TRANSCRIPT
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.
$1,975,000
$855
39
35
163
151
21.47%
$2,385,000
$990
45
42
170
92
24.71%
20.8%
15.8%
15.4%
20.0%
4.3%
-38.9%
15.1%
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
BEL AIR– HOLMBY HILLS SFR
$1,218,000
$585
42
47
115
49
40.87%
$1,380,000
$656
39
56
110
51
50.94%
13.3%
12.1%
-7.1%
19.1%
-4.3%
4.8%
24.6%
BEVERLY CENTER – MIRACLE MILE SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$584,500
$537
18
25
53
79
47.17%
$679,250
$506
24
29
59
57
49.15%
16.2%
-5.8%
33.3%
16.0%
11.3%
-28.6%
4.2%
BEVERLY CENTER – MIRACLE MILE CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$5,325,000
$1,202
33
45
153
82
29.41%
$4,700,000
$1,536
34
48
144
75
33.33%
-11.7%
27.8%
3.0%
6.7%
-5.9%
-8.0%
13.3%
BEVERLY HILLS SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$1,225,000
$713
23
28
87
68
32.18%
$1,170,000
$669
32
37
90
96
41.11%
-4.5%
-6.2%
39.1%
32.1%
3.4%
42.2%
27.7%
BEVERLY HILLS CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$2,415,000
$818
34
43
185
100
23.24%
$1,734,000
$731
28
41
206
94
19.90%
-28.2%
-10.6%
-17.6%
-4.7%
11.4%
-5.3%
-14.4%
BEVERLY HILLS P.O. SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$847,500
$528
42
54
131
49
41.22%
$895,000
$592
45
52
86
45
60.47%
5.6%
12.1%
7.1%
-3.7%
-34.4%
-8.2%
46.7%
BEVERLYWOOD SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$2,530,000
$957
33
47
171
67
27.49%
$2,800,000
$876
33
51
168
52
30.36%
10.7%
-8.5%
0.0%
8.5%
-1.8%
-23.3%
10.4%
BRENTWOOD SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$738,000
$515
35
49
129
62
37.98%
$735,000
$538
41
47
109
64
43.12%
-0.4%
4.5%
17.1%
-4.1%
-15.5%
4.2%
13.5%
BRENTWOOD CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$635,000
$405
136
148
278
54
53.24%
$649,500
$427
108
150
280
43
53.57%
2.3%
5.4%
-20.6%
1.4%
0.7%
-20.0%
0.6%
BURBANK SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$415,000
$329
30
39
95
60
41.05%
$459,750
$336
28
39
71
62
54.93%
10.8%
2.1%
-6.7%
0.0%
-25.3%
3.5%
33.8%
BURBANK CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$1,350,000
$398
43
52
187
87
27.81%
$1,199,000
$430
43
61
196
75
31.12%
-11.2%
8.0%
0.0%
17.3%
4.8%
-13.3%
11.9%
CALABASAS SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$416,000
$312
5
9
17
78
52.94%
$402,000
$340
15
18
24
69
75.00%
-3.4%
9.0%
200.0%
100.0%
41.2%
-11.5%
41.7%
CALABASAS CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$1,951,800
$625
11
16
33
30
48.48%
$1,455,000
$724
19
16
32
54
50.00%
-25.5%
15.8%
72.7%
0.0%
-3.0%
79.8%
3.1%
CHEVIOT HILLS-RANCH PARK SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$740,000
$520
31
48
85
51
56.47%
$950,000
$601
42
56
97
42
57.73%
28.4%
15.6%
35.5%
16.7%
14.1%
-17.7%
2.2%
CULVER CITY SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$385,500
$379
28
40
82
50
48.78%
$420,000
$399
53
66
94
37
70.21%
8.9%
5.3%
89.3%
65.0%
14.6%
-24.7%
43.9%
CULVER CITY CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$235,000
$183
30
25
96
53
26.04%
$307,000
$239
28
36
80
60
45.00%
30.6%
30.6%
-6.7%
44.0%
-16.7%
11.6%
72.8%
DOWNTOWN SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$514,000
$508
112
126
305
71
41.31%
$560,000
$586
101
147
191
56
50.52%
8.9%
15.4%
-9.8%
16.7%
-4.6%
-21.3%
22.3%
DOWNTOWN CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$1,099,500
$407
82
87
311
67
27.97%
$1,005,500
$436
84
131
349
49
37.54%
-8.5%
7.1%
2.4%
50.6%
12.2%
-26.9%
34.2%
ENCINO SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$391,000
$278
24
27
79
60
34.18%
$317,000
$279
38
42
113
60
37.17%
-18.9%
0.4%
58.3%
55.6%
43.0%
0.0%
8.8%
ENCINO CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$1,243,500
$586
62
65
196
65
33.16%
$1,260,000
$602
61
79
180
42
43.89%
1.3%
2.7%
-1.6%
21.5%
-8.2%
-35.7%
32.3%
HANCOCK PARK-WILSHIRE SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$800,000
$546
9
17
62
71
27.42%
$998,212
$681
20
22
72
48
30.56%
24.8%
24.7%
122.2%
29.4%
16.1%
-32.2%
11.4%
HOLLYWOOD SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$560,000
$454
19
35
103
59
33.98%
$610,000
$555
19
26
62
53
41.94%
8.9%
22.2%
0.0%
-25.7%
-39.8%
-10.3%
23.4%
HOLLYWOOD CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$1,255,000
$537
27
29
101
80
28.71%
$1,135,000
$536
26
40
93
85
43.01%
-9.6%
-0.2%
-3.7%
37.9%
-7.9%
6.4%
49.8%
HOLLYWOOD HILLS EAST SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$1,005,000
$604
54
58
165
46
35.15%
$1,350,000
$598
47
60
126
56
47.62%
34.3%
-1.0%
-13.0%
3.4%
-23.6%
21.2%
35.5%
LOS FELIZ SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$499,000
$475
5
8
10
40
80.00%
$494,500
$531
12
10
16
28
62.50%
-0.9%
11.8%
140.0%
25.0%
60.0%
-30.9%
-21.9%
LOS FELIZ CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$1,870,000
$675
37
43
268
163
16.04%
$2,084,625
$688
39
45
250
145
18.00%
11.5%
1.9%
5.4%
4.7%
-6.7%
-11.2%
12.2%
MALIBU SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$6,300,000
$2,302
11
10
105
191
9.52%
$3,850,000
$1,909
7
8
95
224
8.42%
-38.9%
-17.1%
-36.4%
-20.0%
-9.5%
17.5%
-11.6%
MALIBU BEACH SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$1,670,000
$533
12
22
47
48
46.81%
$2,150,000
$630
15
17
28
57
60.71%
28.7%
18.2%
25.0%
-22.7%
-40.4%
18.7%
29.7%
MARINA DEL REY SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$727,450
$520
54
59
197
75
29.95%
$859,500
$593
50
66
167
72
39.52%
18.2%
14.0%
-7.4%
11.9%
-15.2%
-4.3%
32.0%
MARINA DEL REY CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$438,500
$287
86
89
254
61
35.04%
$475,000
$304
85
106
236
53
44.92%
8.3%
5.9%
-1.2%
19.1%
-7.1%
-14.1%
28.2%
MID LOS ANGELES SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$545,000
$381
3
7
40
105
17.50%
$575,000
$307
12
17
52
50
32.69%
5.5%
-19.4%
300.0%
142.9%
30.0%
-52.2%
86.8%
MID WILSHIRE SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$2,562,500
$860
64
78
204
59
38.24%
$3,100,000
$914
57
82
197
59
41.62%
21.0%
6.3%
-10.9%
5.1%
-3.4%
0.0%
8.9%
PACIFIC PALISADES SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$1,025,000
$615
67
81
148
46
54.73%
$1,104,000
$671
61
83
144
45
57.64%
7.7%
9.1%
-9.0%
2.5%
-2.7%
-4.0%
5.3%
PALMS – MAR VISTA SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$1,939,500
$969
36
47
133
66
35.34%
$2,300,000
$1,070
42
53
132
36
40.15%
18.6%
10.4%
16.7%
12.8%
-0.8%
-45.0%
13.6%
SANTA MONICA SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$654,000
$761
59
89
198
67
44.95%
$790,000
$899
83
93
197
50
47.21%
20.8%
18.1%
40.7%
4.5%
-0.5%
-25.3%
5.0%
SANTA MONICA CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$850,000
$435
126
141
377
58
37.40%
$932,500
$467
116
157
369
53
42.55%
9.7%
7.4%
-7.9%
11.3%
-2.1%
-9.8%
13.8%
SHERMAN OAKS SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$423,000
$309
42
43
126
53
34.13%
$449,500
$339
70
84
144
45
58.33%
6.3%
9.7%
66.7%
95.3%
14.3%
-16.1%
70.9%
SHERMAN OAKS CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$725,000
$503
65
82
181
46
45.30%
$755,000
$571
75
101
196
48
51.53%
4.1%
13.5%
15.4%
23.2%
8.3%
4.7%
13.7%
SILVER LAKE – ECHO PARK SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$1,140,000
$485
66
81
221
69
36.65%
$1,173,500
$545
56
93
207
59
44.93%
2.9%
12.4%
-15.2%
14.8%
-6.3%
-15.0%
22.6%
STUDIO CITY SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$506,250
$381
24
26
84
61
30.95%
$506,250
$391
32
39
89
54
43.82%
0.0%
2.6%
33.3%
50.0%
6.0%
-10.1%
41.6%
STUDIO CITY CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$1,527,500
$725
100
120
417
95
28.78%
$1,700,000
$866
93
114
422
57
27.01%
11.3%
19.4%
-7.0%
-5.0%
1.2%
-40.1%
-6.1%
SUNSET STRIP – HOLLYWOOD HILLS WEST SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$464,750
$612
14
19
57
72
33.33%
$560,000
$932
21
28
57
73
49.12%
20.5%
52.3%
50.0%
47.4%
0.0%
1.1%
47.4%
SUNSET STRIP – HOLLYWOOD HILLS WEST CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$825,000
$539
19
29
92
77
31.52%
$921,800
$457
15
30
91
97
32.97%
11.7%
-15.2%
-21.1%
3.4%
-1.1%
25.4%
4.6%
TOPANGA SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$1,350,000
$941
46
51
109
49
46.79%
$1,499,000
$1,008
39
46
115
62
40.00%
11.0%
7.1%
-15.2%
-9.8%
5.5%
27.0%
-14.5%
VENICE SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$930,000
$673
7
8
16
68
50.00%
$1,077,000
$748
8
6
24
42
25.00%
15.8%
11.1%
14.3%
-25.0%
50.0%
-37.6%
-50.0%
VENICE CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$1,077,884
$660
29
28
68
76
41.18%
$1,600,000
$762
35
43
89
51
48.31%
48.4%
15.5%
20.7%
53.6%
30.9%
-33.2%
17.3%
WEST HOLLYWOOD SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$594,500
$539
80
96
222
56
43.24%
$613,000
$574
88
112
235
58
47.66%
3.1%
6.5%
10.0%
16.7%
5.9%
2.9%
10.2%
WEST HOLLYWOOD CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$835,000
$588
18
24
57
35
42.11%
$920,000
$637
19
19
54
48
35.19%
10.2%
8.3%
5.6%
-20.8%
-5.3%
37.7%
-16.4%
WEST LOS ANGELES SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$571,000
$447
36
43
79
52
54.43%
$613,750
$482
42
47
80
53
58.75%
7.5%
7.8%
16.7%
9.3%
1.3%
3.3%
7.9%
WEST LOS ANGELES CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$800,000
$480
55
70
130
40
53.85%
$864,000
$529
52
63
102
44
61.76%
8.0%
10.2%
-5.5%
-10.0%
-21.5%
11.2%
14.7%
WESTCHESTER SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$339,000
$370
7
9
24
86
37.50%
$399,000
$380
3
7
12
67
58.33%
17.7%
2.7%
-57.1%
-22.2%
-50.0%
-21.3%
55.6%
WESTCHESTER CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$1,726,900
$744
28
34
77
46
44.16%
$1,700,000
$816
25
39
80
45
48.75%
-1.6%
9.7%
-10.7%
14.7%
3.9%
-2.1%
10.4%
WESTWOOD – CENTURY CITY SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$740,000
$625
114
141
444
84
31.76%
$755,000
$587
105
138
413
77
33.41%
2.0%
-6.1%
-7.9%
-2.1%
-7.0%
-8.6%
5.2%
WESTWOOD – CENTURY CITY CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$650,000
$322
114
155
429
62
36.13%
$700,000
$315
155
205
449
62
45.66%
7.7%
-2.2%
36.0%
32.3%
4.7%
0.0%
26.4%
WOODLAND HILLS SFR
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
$329,000
$354
19
28
54
58
51.85%
$345,000
$350
25
43
66
62
65.15%
4.9%
-1.1%
31.6%
53.6%
22.2%
7.0%
25.6%
WOODLAND HILLS CONDO
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
Median Price ……………………..…….
Average Price per Square Foot ….…
Properties Sold ……………………….
Properties Pending Sale ………………
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
Percent Under Contract ………….……
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
The Market Within A Market Report is brought to you by Michael Lewis Marketing Suite, a high-end, luxury consulting, brand building, marketing firm located in California and Florida.
www.michaellewismarketingsuite.com
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.