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Vol. III Aug <strong>2017</strong><br />

Select Westside+<br />

<strong>Market</strong> <strong>Intelligence</strong> Report<br />

Designed to give you the facts & trends overview of the most relevant market<br />

activities as they unfold in the Los Angeles real estate market. This report covers<br />

Santa Monica, Culver City, Palms/Mar Vista, Marina Del Rey, Playa Del Rey, Playa Vista,<br />

Westchester, Venice, West Hollywood, Inglewood, Sherman Oaks, Pacific Palisades, Westwood/<br />

Century City, Brentwood, Bentwood, Hollywood, Cheviot Hills, West Los Angeles, and Beverlywood.


700+ Local Agents • 17 Offices • Luxury Residential<br />

Commercial Investment Division • International<br />

Children’s Miracle Network of Hospitals Supporter<br />

#27 RIS Media Top 500 Power Broker<br />

BEVERLY HILLS<br />

9454 Wilshire Blvd. Suite 600<br />

Beverly Hills, CA 90212<br />

Phone: 310.205.0050<br />

WEST LOS ANGELES<br />

10931 W. Pico Blvd.<br />

Los Angeles, CA 90064<br />

Phone: 310.202.8141<br />

SANTA MONICA<br />

620 Santa Monica Blvd. Suite B<br />

Santa Monica, CA 90401<br />

Phone: 310.264.2225<br />

MARINA DEL REY / VENICE<br />

124 Washington Blvd.<br />

Marina Del Rey, CA 90292<br />

Phone: 310.577.5300<br />

EL SEGUNDO<br />

402 Main Street<br />

El Segundo, CA 90245<br />

Phone: 310.322.1425<br />

MANHATTAN BEACH<br />

1040 Manhattan Beach Blvd.<br />

Manhattan Beach, CA 90266<br />

Phone: 310.376.2225<br />

MANHATTAN BEACH<br />

DOWNTOWN<br />

1401 Highland Avenue<br />

Manhattan Beach, CA 90266<br />

Phone: 310.937.5700<br />

HERMOSA BEACH<br />

2601 Pacific Coast Hwy. #101<br />

Hermosa Beach, CA 90254<br />

Phone: 310.937.3200<br />

SOUTH BAY<br />

23740 Hawthorne Blvd.<br />

2nd Floor<br />

Torrance, CA 90505<br />

Phone: 310.378.9889<br />

REDONDO BEACH<br />

1720 S. Elena Avenue<br />

Redondo Beach, CA 90277<br />

Phone: 310.378.7747<br />

MALAGA COVE<br />

63 Malaga Cove Plaza<br />

Palos Verdes Estates,<br />

CA 90274<br />

Phone: 310.378.9494<br />

SAN PEDRO COASTLINE<br />

1416 W 25th Street<br />

San Pedro, CA 90732<br />

Phone: 310.831.0150<br />

MIRALESTE<br />

5 Miraleste Plaza<br />

Rancho Palos Verdes,<br />

CA 90275<br />

Phone: 310.831.0222<br />

SILVER SPUR<br />

450 Silver Spur Road<br />

Rancho Palos Verdes,<br />

CA 90275<br />

Phone: 310.544.9999<br />

Silicon BEACH<br />

WESTCHESTER<br />

7131 W. Manchester Ave.<br />

Los Angeles, CA 90045<br />

Phone: 310.802.6000<br />

Photography courtesy of Brian Holm | AvenueEye.com | 424.262.7723


ESTATE PROPERTIES


Westside <strong>Market</strong> <strong>Intelligence</strong><br />

<strong>Market</strong> <strong>Intelligence</strong> Glossary<br />

RE/MAX Estate Properties tracks key data points in<br />

significant cities and areas throughout Los Angeles’<br />

Westside.<br />

This <strong>Market</strong> <strong>Intelligence</strong> Report monitors<br />

Beverly Hills<br />

Beverlywood<br />

Brentwood<br />

Cheviot Hills<br />

Culver City<br />

Hollywood<br />

Inglewood<br />

Marina del Rey<br />

Pacific Palisades<br />

Palms / Mar Vista<br />

Playa del Rey<br />

Playa Vista<br />

Santa Monica<br />

Sherman Oaks<br />

Venice<br />

West Hollywood<br />

West Los Angeles<br />

Westchester<br />

Westwood/Century City<br />

Median Price:<br />

Median Price is the price of the property that falls in the middle of<br />

the total number of properties Sold in any given month.<br />

AVERAGE Price Per Square FOOT:<br />

Found by taking the price of each property and dividing that by its<br />

square footage, then finding the average for all properties Sold.<br />

Properties for Sale:<br />

The number of properties that are for sale on the market.<br />

Properties Under CONTRACT:<br />

The number of properties with an accepted offer however they<br />

have not closed.<br />

Properties Sold:<br />

The number of properties that SOLD and transfered ownership.<br />

DAYS On <strong>Market</strong> (Closed Sales):<br />

The average number of days that properties were on ACTIVE on<br />

the market.<br />

Months Supply Of Inventory:<br />

This is calculated by dividing the total number of homes for sale<br />

in a particular month by the number of homes that sold in that<br />

month.<br />

Properties Pending sale:<br />

The number of properties placed in escrow during any given<br />

month.<br />

Report Notes:<br />

<strong>Reports</strong> published in <strong>August</strong> <strong>2017</strong> are based on data available<br />

at the end of July <strong>2017</strong>. All reports presented are based on<br />

data supplied by the CRMLS or CLAW and Trendgraphix.<br />

Neither the Association nor its MLS guarantees or is in anyway<br />

responsible for its accuracy. Information deemed reliable but<br />

not guaranteed.<br />

Photography courtesy of Brian Holm, AvenueEye.com


Beverly Hills<br />

July Stats<br />

Year<br />

Over July July %<br />

Year 2016 <strong>2017</strong> Change<br />

Median Price<br />

$3,298 $2,235 -32%<br />

$2,235,000<br />

Median Sold Price<br />

Average Price Per Sq. Foot<br />

Properties for Sale<br />

Properties Pending Sales<br />

Properties Sold<br />

$1,151 $1,262 10%<br />

121 133 10%<br />

15 25 67%<br />

22 19 -14%<br />

$4,732,000<br />

Average Sold Price<br />

Days on <strong>Market</strong> (Sold Homes) 61 63 3%<br />

Monthly Supply of Inventory 5.5 7 27%<br />

Absorption Rate (closed sales) 18.2 14.3 -21%<br />

$7,000<br />

Avg. & Median Price by Month<br />

$3,500 $6,000<br />

$3,000<br />

$4,732<br />

$5,000<br />

$2,593<br />

$2,500<br />

$4,000<br />

133<br />

Listings for Sale<br />

25<br />

Listings Pending<br />

$2,000<br />

$3,000<br />

$1,500<br />

$2,000<br />

$1,000<br />

$2,235<br />

$1,655<br />

19<br />

Listings Sold<br />

$1,000<br />

$500<br />

$-<br />

$-<br />

July Aug. Sept. Oct. Nov. Dec.<br />

2016 2016 2016 2016 2016 2016<br />

Jan.<br />

<strong>2017</strong><br />

Feb. Mar.<br />

<strong>2017</strong> <strong>2017</strong><br />

Apr.<br />

<strong>2017</strong><br />

May<br />

<strong>2017</strong><br />

June<br />

<strong>2017</strong><br />

July<br />

<strong>2017</strong><br />

63<br />

Days On <strong>Market</strong><br />

Median<br />

Average


Beverlywood<br />

$1,036,000<br />

Median Sold Price<br />

July Stats<br />

Year<br />

Over July July %<br />

Year 2016 <strong>2017</strong> Change<br />

Median Price<br />

$1,225 $1,036 -15%<br />

$1,383,000<br />

Average Sold Price<br />

Average Price Per Sq. Foot<br />

Properties for Sale<br />

Properties Pending Sales<br />

Properties Sold<br />

$679 $669 -1%<br />

50 28 -44%<br />

27 21 -22%<br />

23 12 -48%<br />

28<br />

Listings for Sale<br />

21<br />

Listings Pending<br />

12<br />

Listings Sold<br />

Days on <strong>Market</strong> (Sold Homes) 64 38 -41%<br />

Monthly Supply of Inventory 1.9 1.3 -32%<br />

Absorption Rate (closed sales) 46 42.9 -7%<br />

$2,000<br />

Avg. & Median Price by Month<br />

$1,800<br />

$3,500<br />

$1,600<br />

$1,383<br />

$3,000<br />

$1,400<br />

$2,593<br />

$2,500<br />

$1,200<br />

$1,036<br />

$1,000 $2,000<br />

$1,655<br />

$800<br />

$1,500<br />

$600<br />

$1,000<br />

$400<br />

38<br />

Days On <strong>Market</strong><br />

$200 $500<br />

$-<br />

$-<br />

July<br />

2016<br />

Aug. Sept.<br />

2016 2016<br />

Oct. Nov.<br />

2016 2016<br />

Dec.<br />

2016<br />

Jan.<br />

<strong>2017</strong><br />

Feb.<br />

<strong>2017</strong><br />

Mar.<br />

<strong>2017</strong><br />

Apr.<br />

<strong>2017</strong><br />

May<br />

<strong>2017</strong><br />

June<br />

<strong>2017</strong><br />

July<br />

<strong>2017</strong><br />

Median<br />

Average


Brentwood<br />

July Stats<br />

Year<br />

Over July July %<br />

Year 2016 <strong>2017</strong> Change<br />

Median Price<br />

$1,346 $2,150 60%<br />

$2,150,000<br />

Median Sold Price<br />

Average Price Per Sq. Foot<br />

Properties for Sale<br />

Properties Pending Sales<br />

Properties Sold<br />

$896 $1,052 17%<br />

140 111 -21%<br />

47 47 0%<br />

36 39 8%<br />

$2,780,000<br />

Average Sold Price<br />

Days on <strong>Market</strong> (Sold Homes) 62 42 -32%<br />

Monthly Supply of Inventory 3 2.4 -20%<br />

Absorption Rate (closed sales) 25.7 35.1 37%<br />

$4,000<br />

Avg. & Median Price by Month<br />

$3,500<br />

$3,500<br />

$2,780<br />

$3,000<br />

$3,000<br />

$2,593<br />

$2,500<br />

$2,500<br />

$2,150<br />

$2,000 $2,000<br />

$1,655<br />

$1,500 $1,500<br />

$1,000 $1,000<br />

111<br />

Listings for Sale<br />

47<br />

Listings Pending<br />

39<br />

Listings Sold<br />

$500<br />

$-<br />

$500<br />

$-<br />

July<br />

2016<br />

Aug. Sept.<br />

2016 2016<br />

Oct. Nov.<br />

2016 2016<br />

Dec.<br />

2016<br />

Jan.<br />

<strong>2017</strong><br />

Feb.<br />

<strong>2017</strong><br />

Mar.<br />

<strong>2017</strong><br />

Apr.<br />

<strong>2017</strong><br />

May<br />

<strong>2017</strong><br />

June<br />

<strong>2017</strong><br />

July<br />

<strong>2017</strong><br />

42<br />

Days On <strong>Market</strong><br />

Median<br />

Average


Cheviot Hills<br />

$1,638,000<br />

Median Sold Price<br />

July Stats<br />

Year<br />

Over July July %<br />

Year 2016 <strong>2017</strong> Change<br />

Median Price<br />

$2,645 $1,638 -38%<br />

$1,763,000<br />

Average Sold Price<br />

Average Price Per Sq. Foot<br />

Properties for Sale<br />

Properties Pending Sales<br />

Properties Sold<br />

$759 $841 11%<br />

17 14 -18%<br />

9 8 -11%<br />

8 7 -13%<br />

14<br />

Listings for Sale<br />

8<br />

Listings Pending<br />

Days on <strong>Market</strong> (Sold Homes) 80 32 -60%<br />

Monthly Supply of Inventory 2.1 2 -5%<br />

Absorption Rate (closed sales) 47.1 50 6%<br />

$3,000<br />

Avg. & Median Price by Month<br />

$3,500<br />

$2,500<br />

$3,000<br />

$1,763<br />

$2,000<br />

$2,593<br />

$2,500<br />

$1,638<br />

7<br />

Listings Sold<br />

$2,000 $1,500<br />

$1,500<br />

$1,000<br />

$1,000<br />

$1,655<br />

32<br />

Days On <strong>Market</strong><br />

$500<br />

$500<br />

$-<br />

$-<br />

July<br />

2016<br />

Aug.<br />

2016<br />

Sept.<br />

2016<br />

Oct.<br />

2016<br />

Nov.<br />

2016<br />

Dec.<br />

2016<br />

Jan.<br />

<strong>2017</strong><br />

Feb.<br />

<strong>2017</strong><br />

Mar.<br />

<strong>2017</strong><br />

Apr.<br />

<strong>2017</strong><br />

May<br />

<strong>2017</strong><br />

June<br />

<strong>2017</strong><br />

July<br />

<strong>2017</strong><br />

Median<br />

Average


Culver City<br />

July Stats<br />

Year<br />

Over July July %<br />

Year 2016 <strong>2017</strong> Change<br />

Median Price<br />

$960 $878 -9%<br />

$878,000<br />

Median Sold Price<br />

Average Price Per Sq. Foot<br />

Properties for Sale<br />

Properties Pending Sales<br />

Properties Sold<br />

$638 $735 15%<br />

50 40 -20%<br />

41 41 0%<br />

37 40 8%<br />

$983,000<br />

Average Sold Price<br />

Days on <strong>Market</strong> (Sold Homes) 29 33 14%<br />

Monthly Supply of Inventory 1.4 1 -29%<br />

Absorption Rate (closed sales) 74 100 35%<br />

$1,200<br />

Avg. & Median Price by Month<br />

$3,500<br />

$1,000<br />

$983<br />

$878<br />

$3,000<br />

$800<br />

$2,593<br />

$2,500<br />

40<br />

Listings for Sale<br />

41<br />

Listings Pending<br />

$2,000<br />

$1,500<br />

$1,000<br />

$600<br />

$400<br />

$1,655<br />

40<br />

Listings Sold<br />

$200<br />

$500<br />

$-<br />

$-<br />

July<br />

2016<br />

Aug. Sept.<br />

2016 2016<br />

Oct. Nov.<br />

2016 2016<br />

Dec.<br />

2016<br />

Jan.<br />

<strong>2017</strong><br />

Feb.<br />

<strong>2017</strong><br />

Mar.<br />

<strong>2017</strong><br />

Apr.<br />

<strong>2017</strong><br />

May<br />

<strong>2017</strong><br />

June<br />

<strong>2017</strong><br />

July<br />

<strong>2017</strong><br />

33<br />

Days On <strong>Market</strong><br />

Median<br />

Average


Hollywood<br />

$800,000<br />

Median Sold Price<br />

July Stats<br />

Year<br />

Over July July %<br />

Year 2016 <strong>2017</strong> Change<br />

Median Price<br />

$865 $800 -8%<br />

$862,000<br />

Average Sold Price<br />

Average Price Per Sq. Foot<br />

Properties for Sale<br />

Properties Pending Sales<br />

Properties Sold<br />

$537 $581 8%<br />

44 53 20%<br />

11 20 82%<br />

16 15 -6%<br />

53<br />

Listings for Sale<br />

20<br />

Listings Pending<br />

Days on <strong>Market</strong> (Sold Homes) 49 74 51%<br />

Monthly Supply of Inventory 4 2.7 -33%<br />

Absorption Rate (closed sales) 36.4 28.3 -22%<br />

$1,200<br />

Avg. & Median Price by Month<br />

$3,500<br />

$1,000<br />

$862<br />

$3,000<br />

$800 $2,593<br />

$2,500 $800<br />

15<br />

Listings Sold<br />

$2,000<br />

$600<br />

$1,500<br />

$400<br />

$1,000<br />

$1,655<br />

74<br />

Days On <strong>Market</strong><br />

$200<br />

$500<br />

$- $-<br />

July<br />

2016<br />

Aug. Sept.<br />

2016 2016<br />

Oct. Nov.<br />

2016 2016<br />

Dec.<br />

2016<br />

Jan.<br />

<strong>2017</strong><br />

Feb.<br />

<strong>2017</strong><br />

Mar.<br />

<strong>2017</strong><br />

Apr.<br />

<strong>2017</strong><br />

May<br />

<strong>2017</strong><br />

June<br />

<strong>2017</strong><br />

July<br />

<strong>2017</strong><br />

Median<br />

Average


Inglewood<br />

July Stats<br />

Year<br />

Over July July %<br />

Year 2016 <strong>2017</strong> Change<br />

Median Price<br />

$414 $500 21%<br />

$500,000<br />

Median Sold Price<br />

Average Price Per Sq. Foot<br />

Properties for Sale<br />

Properties Pending Sales<br />

Properties Sold<br />

$321 $374 17%<br />

48 37 -23%<br />

33 49 48%<br />

23 29 26%<br />

$508,000<br />

Average Sold Price<br />

Days on <strong>Market</strong> (Sold Homes) 32 37 16%<br />

Monthly Supply of Inventory 2.1 1.3 -38%<br />

Absorption Rate (closed sales) 47.9 78.4 64%<br />

$600<br />

Avg. & Median Price by Month<br />

$508<br />

$3,500<br />

$500<br />

$500<br />

$3,000<br />

$400<br />

$2,593<br />

$2,500<br />

37<br />

Listings for Sale<br />

49<br />

Listings Pending<br />

$2,000 $300<br />

$1,500<br />

$200<br />

$1,000<br />

$100<br />

$500<br />

$- $-<br />

July<br />

2016<br />

Aug.<br />

2016<br />

Sept.<br />

2016<br />

Oct.<br />

2016<br />

Nov.<br />

2016<br />

Dec.<br />

2016<br />

Jan.<br />

<strong>2017</strong><br />

Feb.<br />

<strong>2017</strong><br />

Mar.<br />

<strong>2017</strong><br />

Apr.<br />

<strong>2017</strong><br />

May<br />

<strong>2017</strong><br />

June<br />

<strong>2017</strong><br />

July<br />

<strong>2017</strong><br />

$1,655<br />

29<br />

Listings Sold<br />

37<br />

Days On <strong>Market</strong><br />

Median<br />

Average


Marina Del Rey<br />

$938,000<br />

Median Sold Price<br />

July Stats<br />

Year<br />

Over July July %<br />

Year 2016 <strong>2017</strong> Change<br />

Median Price<br />

$913 $938 3%<br />

$1,130,000<br />

Average Sold Price<br />

Average Price Per Sq. Foot<br />

Properties for Sale<br />

Properties Pending Sales<br />

Properties Sold<br />

$631 $668 6%<br />

83 82 -1%<br />

29 37 28%<br />

39 42 8%<br />

82<br />

Listings for Sale<br />

37<br />

Listings Pending<br />

42<br />

Listings Sold<br />

Days on <strong>Market</strong> (Sold Homes) 53 48 -9%<br />

Monthly Supply of Inventory 2.1 2 -5%<br />

Absorption Rate (closed sales) 47 51.2 9%<br />

$1,400<br />

Avg. & Median Price by Month<br />

$3,500<br />

$1,200<br />

$1,130<br />

$3,000<br />

$1,000<br />

$938<br />

$2,593<br />

$2,500<br />

$800<br />

$2,000<br />

$600<br />

$1,655<br />

$1,500<br />

$400<br />

$1,000<br />

48<br />

Days On <strong>Market</strong><br />

$200<br />

$500<br />

$- $-<br />

July<br />

2016<br />

Aug. Sept.<br />

2016 2016<br />

Oct. Nov.<br />

2016 2016<br />

Dec.<br />

2016<br />

Jan.<br />

<strong>2017</strong><br />

Feb.<br />

<strong>2017</strong><br />

Mar.<br />

<strong>2017</strong><br />

Apr.<br />

<strong>2017</strong><br />

May<br />

<strong>2017</strong><br />

June<br />

<strong>2017</strong><br />

July<br />

<strong>2017</strong><br />

Median<br />

Average


Pacific Palisades<br />

July Stats<br />

Year<br />

Over July July %<br />

Year 2016 <strong>2017</strong> Change<br />

Median Price<br />

$1,950 $4,066 109%<br />

$4,066,000<br />

Median Sold Price<br />

Average Price Per Sq. Foot<br />

Properties for Sale<br />

Properties Pending Sales<br />

Properties Sold<br />

$928 $1,193 29%<br />

128 81 -37%<br />

26 36 38%<br />

31 25 -19%<br />

$4,632,000<br />

Average Sold Price<br />

Days on <strong>Market</strong> (Sold Homes) 60 83 38%<br />

Monthly Supply of Inventory 4.1 3.2 -22%<br />

Absorption Rate (closed sales) 24.2 30.9 28%<br />

Avg. & Median Price by Month<br />

$5,000<br />

$3,500<br />

$4,632<br />

$4,500<br />

$4,066<br />

$3,000 $4,000<br />

$2,593<br />

$3,500<br />

$2,500<br />

81<br />

Listings for Sale<br />

36<br />

Listings Pending<br />

$3,000<br />

$2,000<br />

$2,500<br />

$1,500 $2,000<br />

$1,500<br />

$1,000<br />

$1,000<br />

$500<br />

$500<br />

$- $-<br />

July<br />

2016<br />

Aug. Sept.<br />

2016 2016<br />

Oct. Nov.<br />

2016 2016<br />

Dec.<br />

2016<br />

Jan.<br />

<strong>2017</strong><br />

Feb.<br />

<strong>2017</strong><br />

Mar.<br />

<strong>2017</strong><br />

Apr.<br />

<strong>2017</strong><br />

May<br />

<strong>2017</strong><br />

June<br />

<strong>2017</strong><br />

July<br />

<strong>2017</strong><br />

$1,655<br />

25<br />

Listings Sold<br />

83<br />

Days On <strong>Market</strong><br />

Median<br />

Average


Palms/Mar Vista<br />

$1,286,000<br />

Median Sold Price<br />

July Stats<br />

Year<br />

Over July July %<br />

Year 2016 <strong>2017</strong> Change<br />

Median Price<br />

$1,050 $1,286 22%<br />

$1,418,000<br />

Average Sold Price<br />

Average Price Per Sq. Foot<br />

Properties for Sale<br />

Properties Pending Sales<br />

Properties Sold<br />

$702 $776 11%<br />

60 52 -13%<br />

38 39 3%<br />

45 44 -2%<br />

52<br />

Listings for Sale<br />

39<br />

Listings Pending<br />

44<br />

Listings Sold<br />

Days on <strong>Market</strong> (Sold Homes) 46 28 -39%<br />

Monthly Supply of Inventory 1.3 1.2 -8%<br />

Absorption Rate (closed sales) 75 84.6 13%<br />

Avg. & Median Price by Month<br />

$1,600<br />

$3,500<br />

$1,418<br />

$1,400<br />

$3,000<br />

$1,286<br />

$1,200<br />

$2,593<br />

$2,500<br />

$1,000<br />

$2,000<br />

$800<br />

$1,655<br />

$1,500<br />

$600<br />

$1,000 $400<br />

28<br />

Days On <strong>Market</strong><br />

$500 $200<br />

$-<br />

$-<br />

July<br />

2016<br />

Aug. Sept.<br />

2016 2016<br />

Oct. Nov.<br />

2016 2016<br />

Dec.<br />

2016<br />

Jan.<br />

<strong>2017</strong><br />

Feb.<br />

<strong>2017</strong><br />

Mar.<br />

<strong>2017</strong><br />

Apr.<br />

<strong>2017</strong><br />

May<br />

<strong>2017</strong><br />

June<br />

<strong>2017</strong><br />

July<br />

<strong>2017</strong><br />

Median<br />

Average


Playa del Rey<br />

July Stats<br />

Year<br />

Over July July %<br />

Year 2016 <strong>2017</strong> Change<br />

Median Price<br />

$629 $615 -2%<br />

$615,000<br />

Median Sold Price<br />

Average Price Per Sq. Foot<br />

Properties for Sale<br />

Properties Pending Sales<br />

Properties Sold<br />

$579 $567 -2%<br />

43 27 -37%<br />

15 18 20%<br />

12 17 42%<br />

$807,000<br />

Average Sold Price<br />

Days on <strong>Market</strong> (Sold Homes) 26 43 65%<br />

Monthly Supply of Inventory 3.6 1.6 -56%<br />

Absorption Rate (closed sales) 27.9 63 126%<br />

$1,400<br />

Avg. & Median Price by Month<br />

$3,500$1,200<br />

$3,000<br />

$1,000<br />

$807<br />

$2,593<br />

$2,500<br />

$800<br />

27<br />

Listings for Sale<br />

18<br />

Listings Pending<br />

$2,000<br />

$1,500<br />

$1,000<br />

$600<br />

$400<br />

$615<br />

$1,655<br />

17<br />

Listings Sold<br />

$500<br />

$-<br />

$200<br />

$-<br />

July<br />

2016<br />

Aug. Sept.<br />

2016 2016<br />

Oct. Nov. Dec.<br />

2016 2016 2016<br />

Jan.<br />

<strong>2017</strong><br />

Feb.<br />

<strong>2017</strong><br />

Mar.<br />

<strong>2017</strong><br />

Apr.<br />

<strong>2017</strong><br />

May<br />

<strong>2017</strong><br />

June<br />

<strong>2017</strong><br />

July<br />

<strong>2017</strong><br />

43<br />

Days On <strong>Market</strong><br />

Median<br />

Average


Playa Vista<br />

$1,065,000<br />

Median Sold Price<br />

July Stats<br />

Year<br />

Over July July %<br />

Year 2016 <strong>2017</strong> Change<br />

Median Price<br />

$820 $1,065 30%<br />

$1,121,000<br />

Average Sold Price<br />

Average Price Per Sq. Foot<br />

Properties for Sale<br />

Properties Pending Sales<br />

Properties Sold<br />

$681 $623 -9%<br />

21 18 -14%<br />

11 13 18%<br />

10 12 20%<br />

18<br />

Listings for Sale<br />

13<br />

Listings Pending<br />

Days on <strong>Market</strong> (Sold Homes) 47 50 6%<br />

Monthly Supply of Inventory 2.1 1.5 -29%<br />

Absorption Rate (closed sales) 47.6 66.7 40%<br />

$1,600<br />

Avg. & Median Price by Month<br />

$3,500 $1,400<br />

$3,000 $1,200<br />

$1,121<br />

$1,065<br />

$2,593<br />

$2,500 $1,000<br />

12<br />

Listings Sold<br />

$2,000 $800<br />

$1,500 $600<br />

$1,000<br />

$400<br />

$1,655<br />

50<br />

Days On <strong>Market</strong><br />

$500<br />

$200<br />

$-<br />

$-<br />

July<br />

2016<br />

Aug. Sept.<br />

2016 2016<br />

Oct. Nov. Dec.<br />

2016 2016 2016<br />

Jan.<br />

<strong>2017</strong><br />

Feb.<br />

<strong>2017</strong><br />

Mar.<br />

<strong>2017</strong><br />

Apr.<br />

<strong>2017</strong><br />

May<br />

<strong>2017</strong><br />

June<br />

<strong>2017</strong><br />

July<br />

<strong>2017</strong><br />

Median<br />

Average


Santa Monica<br />

July Stats<br />

Year<br />

Over July July %<br />

Year 2016 <strong>2017</strong> Change<br />

Median Price<br />

$1,254 $1,384 10%<br />

$1,384,000<br />

Median Sold Price<br />

Average Price Per Sq. Foot<br />

Properties for Sale<br />

Properties Pending Sales<br />

Properties Sold<br />

$927 $1,037 12%<br />

120 118 -2%<br />

51 69 35%<br />

60 48 -20%<br />

$2,328,000<br />

Average Sold Price<br />

Days on <strong>Market</strong> (Sold Homes) 40 43 8%<br />

Monthly Supply of Inventory 2 2.5 25%<br />

Absorption Rate (closed sales) 50 40.7 -19%<br />

Avg. & Median Price by Month<br />

$2,500<br />

$2,328<br />

$3,500<br />

$3,000<br />

$2,000<br />

$2,593<br />

$2,500<br />

118<br />

Listings for Sale<br />

69<br />

Listings Pending<br />

$1,500<br />

$2,000<br />

$1,500$1,000<br />

$1,000<br />

$500<br />

$1,384<br />

$1,655<br />

48<br />

Listings Sold<br />

$500<br />

$-<br />

$-<br />

July<br />

2016<br />

Aug. Sept.<br />

2016 2016<br />

Oct. Nov.<br />

2016 2016<br />

Dec.<br />

2016<br />

Jan.<br />

<strong>2017</strong><br />

Feb.<br />

<strong>2017</strong><br />

Mar.<br />

<strong>2017</strong><br />

Apr.<br />

<strong>2017</strong><br />

May<br />

<strong>2017</strong><br />

June<br />

<strong>2017</strong><br />

July<br />

<strong>2017</strong><br />

43<br />

Days On <strong>Market</strong><br />

Median<br />

Average


Sherman Oaks<br />

$810,000<br />

Median Sold Price<br />

July Stats<br />

Year<br />

Over July July %<br />

Year 2016 <strong>2017</strong> Change<br />

Median Price<br />

$915 $810 -11%<br />

$998,000<br />

Average Sold Price<br />

Average Price Per Sq. Foot<br />

Properties for Sale<br />

Properties Pending Sales<br />

Properties Sold<br />

$476 $496 4%<br />

220 179 -19%<br />

83 117 41%<br />

91 77 -15%<br />

179<br />

Listings for Sale<br />

117<br />

Listings Pending<br />

Days on <strong>Market</strong> (Sold Homes) 64 52 -19%<br />

Monthly Supply of Inventory 2.4 2.3 -4%<br />

Absorption Rate (closed sales) 41.4 43 4%<br />

Avg. & Median Price by Month<br />

$1,200<br />

$3,500<br />

$998<br />

$1,000<br />

$3,000<br />

$810 $2,593<br />

$2,500$800<br />

77<br />

Listings Sold<br />

$2,000<br />

$600<br />

$1,500<br />

$400<br />

$1,000<br />

$1,655<br />

52<br />

Days On <strong>Market</strong><br />

$200<br />

$500<br />

$- $-<br />

July Aug. Sept. Oct. Nov. Dec.<br />

2016 2016 2016 2016 2016 2016<br />

Jan.<br />

<strong>2017</strong><br />

Feb. Mar. Apr.<br />

<strong>2017</strong> <strong>2017</strong> <strong>2017</strong><br />

May<br />

<strong>2017</strong><br />

June<br />

<strong>2017</strong><br />

July<br />

<strong>2017</strong><br />

Median<br />

Average


Venice<br />

July Stats<br />

Year<br />

Over July July %<br />

Year 2016 <strong>2017</strong> Change<br />

Median Price<br />

$1,650 $2,420 47%<br />

$2,420,000<br />

Median Sold Price<br />

Average Price Per Sq. Foot<br />

Properties for Sale<br />

Properties Pending Sales<br />

Properties Sold<br />

$930 $1,151 24%<br />

75 76 1%<br />

29 21 -28%<br />

27 25 -7%<br />

$2,623,000<br />

Average Sold Price<br />

Days on <strong>Market</strong> (Sold Homes) 56 37 -34%<br />

Monthly Supply of Inventory 2.8 3 7%<br />

Absorption Rate (closed sales) 36 32.9 -9%<br />

$3,000<br />

Avg. & Median Price by Month<br />

$2,623<br />

$3,500<br />

$2,500<br />

$2,420<br />

$3,000<br />

$2,593<br />

$2,500$2,000<br />

76<br />

Listings for Sale<br />

21<br />

Listings Pending<br />

$2,000<br />

$1,500<br />

$1,500<br />

$1,000<br />

$1,000<br />

$500<br />

$500<br />

$-<br />

$-<br />

July<br />

2016<br />

Aug.<br />

2016<br />

Sept.<br />

2016<br />

Oct.<br />

2016<br />

Nov.<br />

2016<br />

Dec.<br />

2016<br />

Jan.<br />

<strong>2017</strong><br />

Feb.<br />

<strong>2017</strong><br />

Mar.<br />

<strong>2017</strong><br />

Apr.<br />

<strong>2017</strong><br />

May<br />

<strong>2017</strong><br />

June<br />

<strong>2017</strong><br />

$1,655<br />

July<br />

<strong>2017</strong><br />

25<br />

Listings Sold<br />

37<br />

Days On <strong>Market</strong><br />

Median<br />

Average


West Hollywood<br />

$863,000<br />

Median Sold Price<br />

July Stats<br />

Year<br />

Over July July %<br />

Year 2016 <strong>2017</strong> Change<br />

Median Price<br />

$862 $863 0%<br />

$1,259,000<br />

Average Sold Price<br />

Average Price Per Sq. Foot<br />

Properties for Sale<br />

Properties Pending Sales<br />

Properties Sold<br />

$689 $857 24%<br />

130 101 -22%<br />

43 49 14%<br />

43 38 -12%<br />

101<br />

Listings for Sale<br />

49<br />

Listings Pending<br />

Days on <strong>Market</strong> (Sold Homes) 45 60 33%<br />

Monthly Supply of Inventory 3 2.7 -10%<br />

Absorption Rate (closed sales) 33.1 37.6 14%<br />

$1,400<br />

$3,500<br />

$1,200<br />

$3,000<br />

$1,000<br />

$2,500<br />

Avg. & Median Price by Month<br />

$1,259<br />

$2,593<br />

$863<br />

38<br />

Listings Sold<br />

$800<br />

$2,000<br />

$600<br />

$1,500<br />

$400<br />

$1,000<br />

$1,655<br />

60<br />

Days On <strong>Market</strong><br />

$200<br />

$500<br />

$-<br />

$-<br />

July<br />

2016<br />

Aug. Sept.<br />

2016 2016<br />

Oct. Nov. Dec.<br />

2016 2016 2016<br />

Jan.<br />

<strong>2017</strong><br />

Feb.<br />

<strong>2017</strong><br />

Mar.<br />

<strong>2017</strong><br />

Apr.<br />

<strong>2017</strong><br />

May<br />

<strong>2017</strong><br />

June<br />

<strong>2017</strong><br />

July<br />

<strong>2017</strong><br />

Median<br />

Average


West Los Angeles<br />

July Stats<br />

Year<br />

Over July July %<br />

Year 2016 <strong>2017</strong> Change<br />

Median Price<br />

$840 $925 10%<br />

$925,000<br />

Median Sold Price<br />

Average Price Per Sq. Foot<br />

Properties for Sale<br />

Properties Pending Sales<br />

Properties Sold<br />

$582 $675 16%<br />

50 32 -36%<br />

36 24 -33%<br />

30 32 7%<br />

$1,057,000<br />

Average Sold Price<br />

Days on <strong>Market</strong> (Sold Homes) 47 38 -19%<br />

Monthly Supply of Inventory 1.7 1 -41%<br />

Absorption Rate (closed sales) 60 100 67%<br />

$1,400<br />

Avg. & Median Price by Month<br />

$3,500<br />

$1,200<br />

$1,057<br />

$3,000<br />

$1,000<br />

$925<br />

$2,593<br />

$2,500<br />

$800<br />

$2,000<br />

$1,655<br />

$600<br />

$1,500<br />

$400<br />

$1,000<br />

32<br />

Listings for Sale<br />

24<br />

Listings Pending<br />

32<br />

Listings Sold<br />

$200<br />

$500<br />

$- $-<br />

July<br />

2016<br />

Aug. Sept.<br />

2016 2016<br />

Oct. Nov.<br />

2016 2016<br />

Dec.<br />

2016<br />

Jan.<br />

<strong>2017</strong><br />

Feb.<br />

<strong>2017</strong><br />

Mar.<br />

<strong>2017</strong><br />

Apr.<br />

<strong>2017</strong><br />

May<br />

<strong>2017</strong><br />

June<br />

<strong>2017</strong><br />

July<br />

<strong>2017</strong><br />

38<br />

Days On <strong>Market</strong><br />

Median<br />

Average


Westchester<br />

$1,168,000<br />

Median Sold Price<br />

July Stats<br />

Year<br />

Over July July %<br />

Year 2016 <strong>2017</strong> Change<br />

Median Price<br />

$1,146 $1,168 2%<br />

$1,243,000<br />

Average Sold Price<br />

Average Price Per Sq. Foot<br />

Properties for Sale<br />

Properties Pending Sales<br />

Properties Sold<br />

$605 $652 8%<br />

49 58 18%<br />

35 45 29%<br />

34 34 0%<br />

58<br />

Listings for Sale<br />

45<br />

Listings Pending<br />

Days on <strong>Market</strong> (Sold Homes) 40 26 -35%<br />

Monthly Supply of Inventory 1.4 1.7 21%<br />

Absorption Rate (closed sales) 69.4 58.6 -16%<br />

$1,400<br />

$3,500<br />

$1,200<br />

$3,000<br />

$1,000<br />

$2,500<br />

Avg. & Median Price by Month<br />

$1,243<br />

$1,168<br />

$2,593<br />

34<br />

Listings Sold<br />

$800<br />

$2,000<br />

$600<br />

$1,500<br />

$400<br />

$1,000<br />

$1,655<br />

26<br />

Days On <strong>Market</strong><br />

$200<br />

$500<br />

$-<br />

$-<br />

July<br />

2016<br />

Aug. Sept.<br />

2016 2016<br />

Oct. Nov.<br />

2016 2016<br />

Dec.<br />

2016<br />

Jan.<br />

<strong>2017</strong><br />

Feb.<br />

<strong>2017</strong><br />

Mar.<br />

<strong>2017</strong><br />

Apr.<br />

<strong>2017</strong><br />

May<br />

<strong>2017</strong><br />

June<br />

<strong>2017</strong><br />

July<br />

<strong>2017</strong><br />

Median<br />

Average


Westwood/Century City<br />

July Stats<br />

Year<br />

Over July July %<br />

Year 2016 <strong>2017</strong> Change<br />

Median Price<br />

$814 $1,035 27%<br />

$1,035,000<br />

Median Sold Price<br />

Average Price Per Sq. Foot<br />

Properties for Sale<br />

Properties Pending Sales<br />

Properties Sold<br />

$647 $719 11%<br />

183 156 -15%<br />

63 53 -16%<br />

62 57 -8%<br />

$1,403,000<br />

Average Sold Price<br />

Days on <strong>Market</strong> (Sold Homes) 60 57 -5%<br />

Monthly Supply of Inventory 3 2.7 -10%<br />

Absorption Rate (closed sales) 33.9 36.5 8%<br />

$1,800<br />

Avg. & Median Price by Month<br />

$3,500$1,600<br />

$1,403<br />

$1,400<br />

$3,000<br />

$1,200<br />

$2,593<br />

$2,500<br />

$1,035<br />

$1,000<br />

$2,000<br />

$800<br />

$1,655<br />

$1,500<br />

$600<br />

$1,000<br />

$400<br />

156<br />

Listings for Sale<br />

53<br />

Listings Pending<br />

57<br />

Listings Sold<br />

$500<br />

$-<br />

$200<br />

$-<br />

July<br />

2016<br />

Aug. Sept.<br />

2016 2016<br />

Oct. Nov.<br />

2016 2016<br />

Dec.<br />

2016<br />

Jan.<br />

<strong>2017</strong><br />

Feb.<br />

<strong>2017</strong><br />

Mar.<br />

<strong>2017</strong><br />

Apr.<br />

<strong>2017</strong><br />

May<br />

<strong>2017</strong><br />

June<br />

<strong>2017</strong><br />

July<br />

<strong>2017</strong><br />

57<br />

Days On <strong>Market</strong><br />

Median<br />

Average


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