re/max westside+ market intelligence report
DESCRIPTION
Designed to give you the facts & trends overview of the most relevant market activities as they unfold in the Los Angeles real estate market. This report covers Santa Monica, Culver City, Mar Vista, Marina Del Rey, Playa Del Rey, Playa Vista, Westchester, Venice, West Hollywood, Inglewood, Sherman Oaks and Pacific Plalisades.TRANSCRIPT
The Select Westside+
Market Intelligence Report
Designed to give you the facts & trends overview of the most relevant market activities as they unfold in the Los Angeles real estate market. This report covers
Santa Monica, Culver City, Mar Vista, Marina Del Rey, Playa Del Rey Playa Vista, Westchester, Venice, West Hollywood, Inglewood, Sherman Oaks, Pacific Palisades, Brentwood and Hollywood.
ESTATE PROPERTIES
ESTATE PRO
PERTIES
ESTATE PROPERTIES
July 2016
BEVERLY HILLS9454 Wilshire Blvd. Suite 600
Beverly Hills, CA 90212Phone: 310.205.0050
WEST LOS ANGELES10931 W. Pico Blvd.
Los Angeles, CA 90064Phone: 310.202.8141
SANTA MONICA620 Santa Monica Blvd. Suite B
Santa Monica, CA 90401Phone: 310.264.2225
MARINA DEL REY / VENICE124 & 155 Washington Blvd.
Marina Del Rey, CA 90292Phone: 310.577.5300
ABBOT KINNEY1413 Abbot Kinney Blvd.
Venice, CA 90291Phone: 310.396.2600
EL SEGUNDO402 Main Street
El Segundo, CA 90245Phone: 310.322.1425
MANHATTAN BEACH DOWNTOWN
1401 Highland AvenueManhattan Beach, CA 90266
Phone: 310.937.5700
MANHATTAN BEACH BLVD1040 Manhattan Beach Blvd.Manhattan Beach, CA 90266
Phone: 310.376.2225
ESTATE PROPERTIESESTATE PROPERTIES
HERMOSA BEACH2601 Pacific Coast Hwy. #101
Hermosa Beach, CA 90254Phone: 310.937.3200
REDONDO BEACH1720 S. Elena Avenue
Redondo Beach, CA 90277Phone: 310.378.7747
SOUTH BAY23740 Hawthorne Blvd.
2nd FloorTorrance, CA 90505
Phone: 310.378.9889
MALAGA COVE63 Malaga Cove PlazaPalos Verdes Estates,
CA 90274Phone: 310.378.9494
SILVER SPUR450 Silver Spur RoadRancho Palos Verdes,
CA 90275Phone: 310.544.9999
MIRALESTE5 Miraleste Plaza
Rancho Palos Verdes, CA 90275
Phone: 310.831.0222
SAN PEDRO COASTLINE1416 W 25th Street
San Pedro, CA 90732Phone: 310.831.0150
Photography courtesy ofBrian Holm, AvenueEye.com
ESTATE PROPERTIESESTATE PROPERTIES
Westside Market Intelligence
RE/MAX Estate Properties tracks key data points in significant cities and areas throughout Los Angeles’ Westside.
This Market Intelligence Report monitors
Santa MonicaCulver CityPalms / Mar VistaMarina Del ReyPlaya Del ReyPlaya VistaWestchesterVeniceWest HollywoodInglewoodSherman OaksPacific PalisadesWestwood/Century CityCheviot HillsWest Los AngelesBrentwoodHollywood
Market Intelligence Glossary
MEDIAN PRICE:Median Price is the price of the property that falls in the middle of the total number of properties Sold in any given month.
AVERAGE PRICE PER SQUARE FOOT:Found by taking the price of each property and dividing that by its square footage, then finding the average for all properties Sold.
PROPERTIES FOR SALE:The number of properties that are for sale on the market.
PROPERTIES UNDER CONTRACT:The number of properties with an accepted offer however they have not closed.
PROPERTIES SOLD:The number of properties that SOLD and transfered ownership.
DAYS ON MARKET (CLOSED SALES):The average number of days that properties were on ACTIVE on the market.
MONTHS SUPPLY OF INVENTORY:This is calculated by dividing the total number of homes for sale in a particular month by the number of homes that sold in that month.
PROPERTIES PENDING SALE:The number of properties placed in escrow during any given month.
REPORT NOTES:Reports published in July 2016 are based on data available at the end of June 2016. All reports presented are based on data supplied by the CRMLS or CLAW and Trendgraphix. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Information deemed reliable but not guaranteed.
Photography courtesy of Brian Holm, AvenueEye.com
June Stats
Avg. & Median Price by Month
YearOver June June % Year 2015 2016 Change
Median Sold Price
Average Sold Price
Listings for Sale
Listings Pending
Listings Sold
Days On Market
$1,655
$2,593
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
Median Average
Median Price
Average Price Per Sq. Foot
Properties for Sale
Properties Pending Sales
Properties Sold
Days on Market (Sold Homes)
Monthly Supply of Inventory
Absorption Rate (closed sales)
$1,088 $1,412 30%
$911 $971 7%
135 118 -13%
73 66 -10%
87 58 -33%
38 49 29%
1.6 2 25%
64.4 49.2 -24%
Santa Monica
$1,412,000
$1,717,000
118
66
58
49
$1,412
$1,717
$-
$500
$1,000
$1,500
$2,000
$2,500
Jun.2015
July2015
Aug.2015
Sept.2015
Oct.2015
Nov.2015
Dec.2015
Jan.2016
Feb.2016
Mar.2016
Apr.2016
May2016
Jun.2016
Avg. & Median Price by Month
June StatsYearOver June June % Year 2015 2016 Change
$1,655
$2,593
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
Median Average
Median Sold Price
Average Sold Price
Listings for Sale
Listings Pending
Listings Sold
Days On Market
Median Price
Average Price Per Sq. Foot
Properties for Sale
Properties Pending Sales
Properties Sold
Days on Market (Sold Homes)
Monthly Supply of Inventory
Absorption Rate (closed sales)
$525 $845 61%
$523 $644 23%
52 42 -19%
49 50 2%
45 48 7%
38 29 -24%
1.2 0.9 -25%
86.5 114.3 32%
culver city
$845,000
$926,000
42
50
48
29
$845
$926
$-
$100
$200
$300
$400
$500
$600
$700
$800
$900
$1,000
Jun.2015
July2015
Aug.2015
Sept.2015
Oct.2015
Nov.2015
Dec.2015
Jan.2016
Feb.2016
Mar.2016
Apr.2016
May2016
Jun.2016
June Stats
Avg. & Median Price by Month
YearOver June June % Year 2015 2016 Change
Median Sold Price
Average Sold Price
Listings for Sale
Listings Pending
Listings Sold
Days On Market
$1,655
$2,593
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
Median Average
Median Price
Average Price Per Sq. Foot
Properties for Sale
Properties Pending Sales
Properties Sold
Days on Market (Sold Homes)
Monthly Supply of Inventory
Absorption Rate (closed sales)
PalMS/Mar viSta
$981 $1,023 4%
$715 $724 1%
39 55 41%
55 37 -33%
50 44 -12%
43 43 0%
0.8 1.3 63%
128.2 80 -38%
$1,023,000
$1,150,000
55
37
44
43
$1,023
$1,150
$-
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
Jun.2015
July2015
Aug.2015
Sept.2015
Oct.2015
Nov.2015
Dec.2015
Jan.2016
Feb.2016
Mar.2016
Apr.2016
May2016
Jun.2016
Avg. & Median Price by Month
June StatsYearOver June June % Year 2015 2016 Change
$1,655
$2,593
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
Median Average
Median Sold Price
Average Sold Price
Listings for Sale
Listings Pending
Listings Sold
Days On Market
Median Price
Average Price Per Sq. Foot
Properties for Sale
Properties Pending Sales
Properties Sold
Days on Market (Sold Homes)
Monthly Supply of Inventory
Absorption Rate (closed sales)
Marina Del rey
$785 $893 14%
$666 $642 -4%
78 85 9%
33 38 15%
29 38 31%
78 51 -35%
2.7 2.2 -19%
37.2 44.7 20%
$893,000
$1,045,000
85
38
38
51
$893
$1,045
$-
$200
$400
$600
$800
$1,000
$1,200
$1,400
Jun.2015
July2015
Aug.2015
Sept.2015
Oct.2015
Nov.2015
Dec.2015
Jan.2016
Feb.2016
Mar.2016
Apr.2016
May2016
Jun.2016
June Stats
Avg. & Median Price by Month
YearOver June June % Year 2015 2016 Change
Median Sold Price
Average Sold Price
Listings for Sale
Listings Pending
Listings Sold
Days On Market
$1,655
$2,593
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
Median Average
Median Price
Average Price Per Sq. Foot
Properties for Sale
Properties Pending Sales
Properties Sold
Days on Market (Sold Homes)
Monthly Supply of Inventory
Absorption Rate (closed sales)
Playa Del rey
$623 $603 -3%
$597 $593 -1%
23 29 26%
12 14 17%
14 20 43%
39 39 0%
1.6 1.5 -6%
60.9 69 13%
$603,000
$829,000
29
14
20
39
$603
$829
$-
$100
$200
$300
$400
$500
$600
$700
$800
$900
$1,000
Jun.2015
July2015
Aug.2015
Sept.2015
Oct.2015
Nov.2015
Dec.2015
Jan.2016
Feb.2016
Mar.2016
Apr.2016
May2016
Jun.2016
Avg. & Median Price by Month
June StatsYearOver June June % Year 2015 2016 Change
$1,655
$2,593
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
Median Average
Median Sold Price
Average Sold Price
Listings for Sale
Listings Pending
Listings Sold
Days On Market
Median Price
Average Price Per Sq. Foot
Properties for Sale
Properties Pending Sales
Properties Sold
Days on Market (Sold Homes)
Monthly Supply of Inventory
Absorption Rate (closed sales)
Playa viSta
$737 $945 28%
$554 $618 12%
9 19 111%
6 8 33%
14 10 -29%
32 38 19%
0.6 1.9 217%
155.6 52.6 -66%
$945,000
$1,097,000
19
8
10
38
$945
$1,097
$-
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
Jun.2015
July2015
Aug.2015
Sept.2015
Oct.2015
Nov.2015
Dec.2015
Jan.2016
Feb.2016
Mar.2016
Apr.2016
May2016
Jun.2016
June Stats
Avg. & Median Price by Month
YearOver June June % Year 2015 2016 Change
Median Sold Price
Average Sold Price
Listings for Sale
Listings Pending
Listings Sold
Days On Market
$1,655
$2,593
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
Median Average
Median Price
Average Price Per Sq. Foot
Properties for Sale
Properties Pending Sales
Properties Sold
Days on Market (Sold Homes)
Monthly Supply of Inventory
Absorption Rate (closed sales)
WeStcheSter
$929 $972 5%
$559 $625 12%
32 38 19%
33 36 9%
44 36 -18%
30 36 20%
0.7 1.1 57%
137.5 94.7 -31%
$972,000
$1,051,000
38
36
36
36
$972
$1,051
$-
$200
$400
$600
$800
$1,000
$1,200
Jun.2015
July2015
Aug.2015
Sept.2015
Oct.2015
Nov.2015
Dec.2015
Jan.2016
Feb.2016
Mar.2016
Apr.2016
May2016
Jun.2016
Avg. & Median Price by Month
June StatsYearOver June June % Year 2015 2016 Change
$1,655
$2,593
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
Median Average
Median Sold Price
Average Sold Price
Listings for Sale
Listings Pending
Listings Sold
Days On Market
Median Price
Average Price Per Sq. Foot
Properties for Sale
Properties Pending Sales
Properties Sold
Days on Market (Sold Homes)
Monthly Supply of Inventory
Absorption Rate (closed sales)
venice
$1,775 $1,642 -7%
$955 $1,160 21%
62 79 27%
26 22 -15%
27 24 -11%
64 68 6%
2.3 3.3 43%
43.5 30.4 -30%
$1,642,000
$2,249,000
79
22
24
68
$1,642
$2,249
$-
$500
$1,000
$1,500
$2,000
$2,500
Jun.2015
July2015
Aug.2015
Sept.2015
Oct.2015
Nov.2015
Dec.2015
Jan.2016
Feb.2016
Mar.2016
Apr.2016
May2016
Jun.2016
June Stats
Avg. & Median Price by Month
YearOver June June % Year 2015 2016 Change
Median Sold Price
Average Sold Price
Listings for Sale
Listings Pending
Listings Sold
Days On Market
$1,655
$2,593
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
Median Average
Median Price
Average Price Per Sq. Foot
Properties for Sale
Properties Pending Sales
Properties Sold
Days on Market (Sold Homes)
Monthly Supply of Inventory
Absorption Rate (closed sales)
WeSt hollyWooD
$618 $759 23%
$617 $746 21%
103 112 9%
45 58 29%
60 45 -25%
51 45 -12%
1.7 2.5 47%
58.3 40.2 -31%
$759,000
$1,074,000
112
58
45
45
$759
$1,074
$-
$200
$400
$600
$800
$1,000
$1,200
$1,400
Jun.2015
July2015
Aug.2015
Sept.2015
Oct.2015
Nov.2015
Dec.2015
Jan.2016
Feb.2016
Mar.2016
Apr.2016
May2016
Jun.2016
Avg. & Median Price by Month
June StatsYearOver June June % Year 2015 2016 Change
$1,655
$2,593
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
Median Average
Median Sold Price
Average Sold Price
Listings for Sale
Listings Pending
Listings Sold
Days On Market
Median Price
Average Price Per Sq. Foot
Properties for Sale
Properties Pending Sales
Properties Sold
Days on Market (Sold Homes)
Monthly Supply of Inventory
Absorption Rate (closed sales)
ingleWooD
$350 $434 24%
$255 $308 21%
50 39 -22%
35 39 11%
37 30 -19%
44 38 -14%
1.4 1.3 -7%
74 76.9 4%
$434,000
$459,000
39
39
30
38
$434
$459
$-
$50
$100
$150
$200
$250
$300
$350
$400
$450
$500
Jun.2015
July2015
Aug.2015
Sept.2015
Oct.2015
Nov.2015
Dec.2015
Jan.2016
Feb.2016
Mar.2016
Apr.2016
May2016
Jun.2016
June Stats
Avg. & Median Price by Month
YearOver June June % Year 2015 2016 Change
Median Sold Price
Average Sold Price
Listings for Sale
Listings Pending
Listings Sold
Days On Market
$1,655
$2,593
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
Median Average
Median Price
Average Price Per Sq. Foot
Properties for Sale
Properties Pending Sales
Properties Sold
Days on Market (Sold Homes)
Monthly Supply of Inventory
Absorption Rate (closed sales)
SherMan oakS
$753 $852 13%
$453 $490 8%
188 216 15%
108 97 -10%
105 96 -9%
53 54 2%
1.8 2.3 28%
55.9 44.4 -21%
$852,000
$1,004,000
216
97
96
54
$852
$1,004
$-
$200
$400
$600
$800
$1,000
$1,200
$1,400
Jun.2015
July2015
Aug.2015
Sept.2015
Oct.2015
Nov.2015
Dec.2015
Jan.2016
Feb.2016
Mar.2016
Apr.2016
May2016
Jun.2016
Avg. & Median Price by Month
June StatsYearOver June June % Year 2015 2016 Change
$1,655
$2,593
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
Median Average
Median Sold Price
Average Sold Price
Listings for Sale
Listings Pending
Listings Sold
Days On Market
Median Price
Average Price Per Sq. Foot
Properties for Sale
Properties Pending Sales
Properties Sold
Days on Market (Sold Homes)
Monthly Supply of Inventory
Absorption Rate (closed sales)
Pacific PaliSaDeS
$2,250 $2,158 -4%
$894 $909 2%
100 124 24%
36 38 6%
35 44 26%
47 55 17%
2.9 2.8 -3%
35 35.5 1%
$2,158,000
$2,574,000
124
38
44
55
$2,158
$2,574
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
Jun.2015
July2015
Aug.2015
Sept.2015
Oct.2015
Nov.2015
Dec.2015
Jan.2016
Feb.2016
Mar.2016
Apr.2016
May2016
Jun.2016
June Stats
Avg. & Median Price by Month
YearOver June June % Year 2015 2016 Change
Median Sold Price
Average Sold Price
Listings for Sale
Listings Pending
Listings Sold
Days On Market
$1,655
$2,593
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
Median Average
Median Price
Average Price Per Sq. Foot
Properties for Sale
Properties Pending Sales
Properties Sold
Days on Market (Sold Homes)
Monthly Supply of Inventory
Absorption Rate (closed sales)
WeStWooD/century city
$870 $1,045 20%
$656 $714 9%
229 179 -22%
72 79 10%
84 67 -20%
60 55 -8%
2.7 2.7 0%
36.7 37.4 2%
$1,045,000
$1,559,000
179
79
67
55
$1,045
$1,559
$-
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
Jun.2015
July2015
Aug.2015
Sept.2015
Oct.2015
Nov.2015
Dec.2015
Jan.2016
Feb.2016
Mar.2016
Apr.2016
May2016
Jun.2016
Avg. & Median Price by Month
June StatsYearOver June June % Year 2015 2016 Change
$1,655
$2,593
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
Median Average
Median Sold Price
Average Sold Price
Listings for Sale
Listings Pending
Listings Sold
Days On Market
Median Price
Average Price Per Sq. Foot
Properties for Sale
Properties Pending Sales
Properties Sold
Days on Market (Sold Homes)
Monthly Supply of Inventory
Absorption Rate (closed sales)
$1,849 $1,475 -20%
$731 $792 8%
7 20 186%
8 13 63%
8 7 -13%
38 57 50%
0.9 2.9 222%
114.3 35 -69%
$1,475,000
$1,480,000
20
13
7
57
cheviot hillS
$1,475
$1,480
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
Jun.2015
July2015
Aug.2015
Sept.2015
Oct.2015
Nov.2015
Dec.2015
Jan.2016
Feb.2016
Mar.2016
Apr.2016
May2016
Jun.2016
June Stats
Avg. & Median Price by Month
YearOver June June % Year 2015 2016 Change
Median Sold Price
Average Sold Price
Listings for Sale
Listings Pending
Listings Sold
Days On Market
$1,655
$2,593
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
Median Average
Median Price
Average Price Per Sq. Foot
Properties for Sale
Properties Pending Sales
Properties Sold
Days on Market (Sold Homes)
Monthly Supply of Inventory
Absorption Rate (closed sales)
$881,000
$1,005,000
45
22
36
49
WeSt loS angeleS
$765 $881 15%
$542 $617 14%
32 45 41%
23 22 -4%
42 36 -14%
42 49 17%
0.8 1.3 63%
131.3 80 -39%
$881
$1,005
$-
$200
$400
$600
$800
$1,000
$1,200
Jun.2015
July2015
Aug.2015
Sept.2015
Oct.2015
Nov.2015
Dec.2015
Jan.2016
Feb.2016
Mar.2016
Apr.2016
May2016
Jun.2016
Avg. & Median Price by Month
June StatsYearOver June June % Year 2015 2016 Change
$1,655
$2,593
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
Median Average
Median Sold Price
Average Sold Price
Listings for Sale
Listings Pending
Listings Sold
Days On Market
Median Price
Average Price Per Sq. Foot
Properties for Sale
Properties Pending Sales
Properties Sold
Days on Market (Sold Homes)
Monthly Supply of Inventory
Absorption Rate (closed sales)
BrentWooD
$1,995,000
$2,300,000
132
48
41
45
$968 $1,995 106%
$783 $831 6%
139 132 -5%
49 48 -2%
54 41 -24%
47 45 -4%
2.8 2.8 0%
38.8 31.1 -20%
$1,995
$2,300
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
Jun.2015
July2015
Aug.2015
Sept.2015
Oct.2015
Nov.2015
Dec.2015
Jan.2016
Feb.2016
Mar.2016
Apr.2016
May2016
Jun.2016
June Stats
Avg. & Median Price by Month
YearOver June June % Year 2015 2016 Change
Median Sold Price
Average Sold Price
Listings for Sale
Listings Pending
Listings Sold
Days On Market
$1,655
$2,593
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
Median Average
Median Price
Average Price Per Sq. Foot
Properties for Sale
Properties Pending Sales
Properties Sold
Days on Market (Sold Homes)
Monthly Supply of Inventory
Absorption Rate (closed sales)
hollyWooD
$653,000
$1,000,000
6
0
4
75
$731 $653 -11%
$525 $443 -16%
6 6 0%
4 0 -100%
8 4 -50%
38 75 97%
1.5 6 300%
133.3 66.7 -50%
$653
$1,000
$-
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
May2015
Jun.2015
July2015
Aug.2015
Sept.2015
Oct.2015
Nov.2015
Dec.2015
Jan.2016
Feb.2016
Mar.2016
Apr.2016
May2016
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