Los Angeles - WestsideJanuary 2014

RodeoRE.com

Local Market Report

At Rodeo Realty, we believe education is the key to helping clients make the best possible decisions about buying and selling homes. Our Local Market Reports provide comprehensive analyses of real estate trends in specific communities, versus quoting national, state, and/or county statistics. The fact is market conditions can vary greatly from neighborhood to neighborhood, and sometimes from one block to the next.

Bel Air - Holmby Hills

Beverly Center - Miracle Mile

Beverly Hills

Beverly Hills P.O.

Beverlywood

Brentwood

Cheviot Hills - Rancho Park

Culver City

Hancock Park - Wilshire

Hollywood

Hollywood Hills East

Los Feliz

Malibu

Malibu Beach

Table of Contents

Rodeo RealtyR o d e o R E . c om

2

3

4

5

6

7

8

9

10

11

12

13

14

15

Marina del Rey

Mid Los Angeles

Mid Wilshire

Pacific Palisades

Palms - Mar Vista

Playa Vista

Santa Monica

Silverlake - Echo Park

Sunset Strip - Hollywood Hills West

Venice

West Hollywood

West Los Angeles

Westwood - Century City

16

17

18

19

20

21

22

23

24

25

26

27

28

Bel Air-Holmby Hills

Jan. 2013 Jan. 2014 %Change

Median Price $1,682,500 $1,975,000 17

Properties Sold 10 11 10

Sales Volume $39,080,000 $34,955,000 -11

Properties Pending Sale 12 5 -58

Properties For Sale 120 94 -22

Average Days on Market 118 252 114

Month’s Supply of Inventory 8 15 88

Percent Under Contract 10.0 5.3 -47

Rodeo RealtyR o d e o R E . c om

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Beverly Center - Miracle Mile

Jan. 2013 Jan. 2014 %Change

Median Price $1,158,500 $1,300,000 12

Properties Sold 12 11 -8

Sales Volume $12,775,000 $16,089,001 26

Properties Pending Sale 13 16 23

Properties For Sale 64 59 -8

Average Days on Market 26 38 46

Month’s Supply of Inventory 4 2 -50

Percent Under Contract 20.3 27.1 34

Rodeo RealtyR o d e o R E . c om

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Beverly Hills

Rodeo RealtyR o d e o R E . c om

Jan. 2013 Jan. 2014 %Change

Median Price $6,200,000 $5,198,500 -16

Properties Sold 5 12 140

Sales Volume $43,520,000 $69,447,000 60

Properties Pending Sale 6 9 50

Properties For Sale 105 89 -15

Average Days on Market 111 38 -66

Month’s Supply of Inventory 14 7 -50

Percent Under Contract 5.7 10.1 77

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Beverly Hills P.O.

Rodeo RealtyR o d e o R E . c om

Jan. 2013 Jan. 2014 %Change

Median Price $1,713,210 $2,292,500 34

Properties Sold 9 12 33

Sales Volume $16,712,210 $23,990,000 44

Properties Pending Sale 9 17 89

Properties For Sale 106 116 9

Average Days on Market 60 62 3

Month’s Supply of Inventory 9 5 -44

Percent Under Contract 8.5 14.7 73

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Beverlywood

Rodeo RealtyR o d e o R E . c om

Jan. 2013 Jan. 2014 %Change

Median Price $699,000 $900,000 29

Properties Sold 10 11 10

Sales Volume $7,313,000 $9,945,000 36

Properties Pending Sale 10 24 140

Properties For Sale 50 67 34

Average Days on Market 48 38 -21

Month’s Supply of Inventory 4 1 -75

Percent Under Contract 20.0 35.8 79

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Brentwood

Rodeo RealtyR o d e o R E . c om

Jan. 2013 Jan. 2014 %Change

Median Price $2,240,500 $2,154,265 -4

Properties Sold 10 12 20

Sales Volume $24,916,000 $32,168,530 29

Properties Pending Sale 20 13 -35

Properties For Sale 100 77 -23

Average Days on Market 45 65 44

Month’s Supply of Inventory 3 4 33

Percent Under Contract 20.0 16.9 -16

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Cheviot Hills - Rancho Park

Rodeo RealtyR o d e o R E . c om

Jan. 2013 Jan. 2014 %Change

Median Price $992,500 $1,800,000 81

Properties Sold 4 3 -25

Sales Volume $4,336,000 $5,415,000 25

Properties Pending Sale 5 3 -40

Properties For Sale 20 9 -55

Average Days on Market 25 33 32

Month’s Supply of Inventory 3 1 -67

Percent Under Contract 25.0 33.3 33

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Culver City

Rodeo RealtyR o d e o R E . c om

Jan. 2013 Jan. 2014 %Change

Median Price $715,000 $700,500 -2

Properties Sold 9 10 11

Sales Volume $6,622,500 $6,320,500 -5

Properties Pending Sale 14 12 -14

Properties For Sale 40 37 -8

Average Days on Market 57 43 -25

Month’s Supply of Inventory 2 2 0

Percent Under Contract 35.0 32.4 -7

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Hancock Park - Wilshire

Rodeo RealtyR o d e o R E . c om

Jan. 2013 Jan. 2014 %Change

Median Price $862,500 $1,531,250 78

Properties Sold 10 14 40

Sales Volume $7,637,000 $25,029,700 228

Properties Pending Sale 21 24 14

Properties For Sale 87 94 8

Average Days on Market 64 66 3

Month’s Supply of Inventory 3 2 -33

Percent Under Contract 24.1 25.5 6

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Hollywood

Rodeo RealtyR o d e o R E . c om

Jan. 2013 Jan. 2014 %Change

Median Price $447,500 $285,000 -36

Properties Sold 4 1 -75

Sales Volume $1,054,995 $0 -100

Properties Pending Sale 2 6 200

Properties For Sale 21 18 -14

Average Days on Market 93 33 -65

Month’s Supply of Inventory 9 1 -89

Percent Under Contract 9.5 33.3 250

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Hollywood Hills East

Rodeo RealtyR o d e o R E . c om

Jan. 2013 Jan. 2014 %Change

Median Price $882,000 $1,460,000 66

Properties Sold 6 9 50

Sales Volume $4,842,000 $13,986,000 189

Properties Pending Sale 11 6 -45

Properties For Sale 58 55 -5

Average Days on Market 65 39 -40

Month’s Supply of Inventory 4 7 75

Percent Under Contract 19.0 10.9 -42

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Los Feliz

Rodeo RealtyR o d e o R E . c om

Jan. 2013 Jan.2014 %Change

Median Price $961,750 $972,000 1

Properties Sold 18 14 -22

Sales Volume $15,582,700 $19,981,572 28

Properties Pending Sale 18 18 0

Properties For Sale 94 83 -12

Average Days on Market 81 49 -40

Month’s Supply of Inventory 4 3 -25

Percent Under Contract 19.1 21.7 13

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Malibu

Rodeo RealtyR o d e o R E . c om

Jan. 2013 Jan. 2014 %Change

Median Price $1,500,000 $1,700,000 13

Properties Sold 10 9 -10

Sales Volume $15,769,500 $24,835,000 57

Properties Pending Sale 16 16 0

Properties For Sale 171 172 1

Average Days on Market 134 161 20

Month’s Supply of Inventory 9 8 -11

Percent Under Contract 9.4 9.3 -1

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Malibu Beach

Rodeo RealtyR o d e o R E . c om

Jan. 2013 Jan. 2014 %Change

Median Price $4,700,000 $4,716,250 0

Properties Sold 3 2 -33

Sales Volume $18,600,000 $9,432,500 -49

Properties Pending Sale 4 5 25

Properties For Sale 71 63 -11

Average Days on Market 99 254 157

Month’s Supply of Inventory 17 9 -47

Percent Under Contract 5.6 7.9 41

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Marina del Rey

Rodeo RealtyR o d e o R E . c om

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Jan. 2013 Jan. 2014 %Change

Median Price $1,735,000 $2,050,000 18

Properties Sold 3 1 -67

Sales Volume $4,541,000 $2,050,000 -55

Properties Pending Sale 4 7 75

Properties For Sale 20 21 5

Average Days on Market 49 52 6

Month’s Supply of Inventory 4 2 -50

Percent Under Contract 20.0 33.3 67

Mid Los Angeles

Rodeo RealtyR o d e o R E . c om

Jan. 2013 Jan. 2014 %Change

Median Price $236,500 $425,880 80

Properties Sold 25 23 -8

Sales Volume $4,724,000 $4,409,500 -7

Properties Pending Sale 31 32 3

Properties For Sale 141 124 -12

Average Days on Market 51 73 43

Month’s Supply of Inventory 3 2 -33

Percent Under Contract 22.0 25.8 17

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Mid Wilshire

Rodeo RealtyR o d e o R E . c om

Jan. 2013 Jan. 2014 %Change

Median Price $443,000 $545,000 23

Properties Sold 4 1 -75

Sales Volume $886,000 $545,000 -38

Properties Pending Sale 4 3 -25

Properties For Sale 30 20 -33

Average Days on Market 88 87 -1

Month’s Supply of Inventory 6 5 -17

Percent Under Contract 13.3 15.0 13

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Pacific Palisades

Rodeo RealtyR o d e o R E . c om

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Jan. 2013 Jan. 2014 %Change

Median Price $1,668,000 $2,492,000 49

Properties Sold 12 14 17

Sales Volume $25,274,830 $34,933,000 38

Properties Pending Sale 17 23 35

Properties For Sale 86 108 26

Average Days on Market 55 60 9

Month’s Supply of Inventory 4 3 -25

Percent Under Contract 19.8 21.3 8

Palms - Mar Vista

Rodeo RealtyR o d e o R E . c om

Jan. 2013 Jan. 2014 %Change

Median Price $782,000 $790,000 1

Properties Sold 24 21 -13

Sales Volume $18,521,900 $15,863,727 -14

Properties Pending Sale 11 23 109

Properties For Sale 55 65 18

Average Days on Market 43 36 -16

Month’s Supply of Inventory 3 2 -33

Percent Under Contract 20.0 35.4 77

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Playa Vista

Rodeo RealtyR o d e o R E . c om

Jan. 2013 Jan. 2014 %Change

Median Price n/a n/a n/a

Properties Sold 0 0 0

Sales Volume 0 $1,460,000 n/a

Properties Pending Sale 0 0 0

Properties For Sale 3 5 67

Average Days on Market n/a n/a n/a

Month’s Supply of Inventory n/a n/a n/a

Percent Under Contract n/a n/a n/a

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Santa Monica

Rodeo RealtyR o d e o R E . c om

Jan. 2013 Jan. 2014 %Change

Median Price $2,300,000 $1,488,000 -35

Properties Sold 13 7 -46

Sales Volume $30,150,650 $13,561,715 -55

Properties Pending Sale 23 15 -35

Properties For Sale 73 66 -10

Average Days on Market 35 65 86

Month’s Supply of Inventory 2 3 50

Percent Under Contract 31.5 22.7 -28

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Silverlake - Echo Park

Rodeo RealtyR o d e o R E . c om

Jan. 2013 Jan. 2014 %Change

Median Price $603,500 $836,000 39

Properties Sold 20 12 -40

Sales Volume $10,080,200 $9,102,125 -10

Properties Pending Sale 23 27 17

Properties For Sale 86 80 -7

Average Days on Market 77 45 -42

Month’s Supply of Inventory 2 2 0

Percent Under Contract 26.7 33.8 26

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Sunset Strip - Hollywood Hills West

Rodeo RealtyR o d e o R E . c om

Jan. 2013 Jan. 2014 %Change

Median Price $1,248,000 $1,220,000 -2

Properties Sold 23 24 4

Sales Volume $38,049,305 $35,508,500 -7

Properties Pending Sale 32 39 22

Properties For Sale 240 244 2

Average Days on Market 75 71 -5

Month’s Supply of Inventory 6 4 -33

Percent Under Contract 13.3 16.0 20

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Venice

Rodeo RealtyR o d e o R E . c om

Jan. 2013 Jan. 2014 %Change

Median Price $1,257,000 $1,232,500 -2

Properties Sold 13 16 23

Sales Volume $19,148,500 $19,517,000 2

Properties Pending Sale 13 11 -15

Properties For Sale 59 55 -7

Average Days on Market 29 45 55

Month’s Supply of Inventory 3 3 0

Percent Under Contract 22.0 20.0 -9

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

West Hollywood

Rodeo RealtyR o d e o R E . c om

Jan. 2013 Jan. 2014 %Change

Median Price $682,500 $1,077,884 58

Properties Sold 2 17 750

Sales Volume 1,365,000 $25,527,985 1,770

Properties Pending Sale 6 8 33

Properties For Sale 45 41 -9

Average Days on Market 26 69 165

Month’s Supply of Inventory 6 3 -50

Percent Under Contract 13.3 19.5 46

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

West Los Angeles

Rodeo RealtyR o d e o R E . c om

Jan. 2013 Jan. 2014 %Change

Median Price $688,500 $805,000 17

Properties Sold 10 4 -60

Sales Volume $6,684,500 $3,180,000 -52

Properties Pending Sale 8 8 0

Properties For Sale 32 21 -34

Average Days on Market 65 30 -54

Month’s Supply of Inventory 3 1 -67

Percent Under Contract 25.0 38.1 52

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

Westwood - Century City

Rodeo RealtyR o d e o R E . c om

Jan. 2013 Jan. 2014 %Change

Median Price $1,304,500 $1,425,000 9

Properties Sold 4 8 100

Sales Volume $7,044,000 $13,615,750 93

Properties Pending Sale 8 8 0

Properties For Sale 36 31 -14

Average Days on Market 35 71 103

Month’s Supply of Inventory 3 2 -33

Percent Under Contract 22.2 25.8 16

*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.

RODEO REALTY MARKETING DEPARTMENT