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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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