Los Angeles - Westside

RodeoRE.com

Local Market ReportJune 2014

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

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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

Jun. 2013 Jun. 2014 %Change

Median Price $2,500,000 $2,300,000 -8%

Properties Sold 17 10 -41%

Sales Volume $61,007,500 $43,798,300 -28%

Properties Pending Sale 13 13 0%

Properties For Sale 133 118 -11%

Average Days on Market 106 118 11%

Months Supply of Inventory 8 7 -13%

Percent Under Contract 9.8% 11.0% 13%

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

Jun. 2013 Jun. 2014 %Change

Median Price $1,075,000 $1,429,000 33%

Properties Sold 23 16 -30%

Sales Volume $27,427,607 $23,091,500 -16%

Properties Pending Sale 19 18 -5%

Properties For Sale 66 73 11%

Average Days on Market 63 17 -73%

Months Supply of Inventory 2 3 50%

Percent Under Contract 28.8% 24.7% -14%

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

Jun. 2013 Jun. 2014 %Change

Median Price $3,240,000 $2,610,000 -19%

Properties Sold 13 13 0%

Sales Volume $76,989,152 $51,684,000 -33%

Properties Pending Sale 13 18 38%

Properties For Sale 120 99 -18%

Average Days on Market 64 57 -11%

Months Supply of Inventory 8 4 -50%

Percent Under Contract 10.8% 18.2% 68%

*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

Jun. 2013 Jun. 2014 %Change

Median Price $1,400,000 $1,615,000 15%

Properties Sold 13 11 -15%

Sales Volume $35,187,000 $25,370,000 -28%

Properties Pending Sale 16 12 -25%

Properties For Sale 136 133 -2%

Average Days on Market 45 51 13%

Months Supply of Inventory 7 9 29%

Percent Under Contract 11.8% 9.0% -23%

*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

Jun. 2013 Jun. 2014 %Change

Median Price $776,000 $886,000 14%

Properties Sold 26 15 -42%

Sales Volume $21,784,550 $15,805,500 -27%

Properties Pending Sale 15 20 33%

Properties For Sale 64 74 16%

Average Days on Market 51 40 -22%

Months Supply of Inventory 3 2 -33%

Percent Under Contract 23.4% 27.0% 15%

*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

Jun. 2013 Jun. 2014 %Change

Median Price $2,190,000 $2,730,000 25%

Properties Sold 30 28 -7%

Sales Volume $82,288,359 $91,563,000 11%

Properties Pending Sale 22 22 0%

Properties For Sale 114 112 -2%

Average Days on Market 31 52 68%

Months Supply of Inventory 4 4 0%

Percent Under Contract 19.3% 19.6% 2%

*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

Jun. 2013 Jun. 2014 %Change

Median Price $1,493,750 $1,765,000 18%

Properties Sold 14 11 -21%

Sales Volume $22,592,790 $21,174,000 -6%

Properties Pending Sale 9 5 -44%

Properties For Sale 31 22 -29%

Average Days on Market 26 31 19%

Months Supply of Inventory 2 3 50%

Percent Under Contract 29.0% 22.7% -22%

*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

Jun. 2013 Jun. 2014 %Change

Median Price $778,500 $830,000 7%

Properties Sold 20 15 -25%

Sales Volume $12,842,500 $12,568,500 -2%

Properties Pending Sale 25 12 -52%

Properties For Sale 68 47 -31%

Average Days on Market 31 23 -26%

Months Supply of Inventory 2 3 50%

Percent Under Contract 36.8% 25.5% -31%

*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

Jun. 2013 Jun. 2014 %Change

Median Price $1,211,500 $1,400,000 16%

Properties Sold 29 22 -24%

Sales Volume $41,889,200 $43,653,000 4%

Properties Pending Sale 32 25 -22%

Properties For Sale 128 128 0%

Average Days on Market 47 59 26%

Months Supply of Inventory 3 3 0%

Percent Under Contract 25.0% 19.5% -22%

*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

Jun. 2013 Jun. 2014 %Change

Median Price $552,500 $975,228 77%

Properties Sold 4 11 175%

Sales Volume $1,937,000 $10,461,908 440%

Properties Pending Sale 9 11 22%

Properties For Sale 35 36 3%

Average Days on Market 38 35 -8%

Months Supply of Inventory 3 2 -33%

Percent Under Contract 25.7% 30.6% 19%

*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

Jun. 2013 Jun. 2014 %Change

Median Price $1,017,500 $1,050,825 3%

Properties Sold 20 14 -30%

Sales Volume $22,068,500 $17,864,650 -19%

Properties Pending Sale 11 19 73%

Properties For Sale 85 73 -14%

Average Days on Market 17 44 159%

Months Supply of Inventory 6 2 -67%

Percent Under Contract 12.9% 26.0% 101%

*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

Jun. 2013 Jun. 2014 %Change

Median Price $1,153,225 $1,250,000 8%

Properties Sold 28 25 -11%

Sales Volume $30,591,400 $34,170,500 12%

Properties Pending Sale 32 29 -9%

Properties For Sale 120 110 -8%

Average Days on Market 42 39 -7%

Months Supply of Inventory 2 2 0%

Percent Under Contract 26.7% 26.4% -1%

*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

Jun. 2013 Jun. 2014 %Change

Median Price $2,100,000 $2,150,000 2%

Properties Sold 19 13 -32%

Sales Volume $54,323,300 $29,760,000 -45%

Properties Pending Sale 21 16 -24%

Properties For Sale 244 213 -13%

Average Days on Market 118 80 -32%

Months Supply of Inventory 10 11 10%

Percent Under Contract 8.6% 7.5% -13%

*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

Jun. 2013 Jun. 2014 %Change

Median Price $3,940,000 $5,600,000 42%

Properties Sold 4 5 25%

Sales Volume $14,861,000 $31,580,000 113%

Properties Pending Sale 3 6 100%

Properties For Sale 86 82 -5%

Average Days on Market 48 201 319%

Months Supply of Inventory 27 12 -56%

Percent Under Contract 3.5% 7.3% 110%

*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.

Jun. 2013 Jun. 2014 %Change

Median Price $1,728,750 $2,650,500 53%

Properties Sold 2 4 100%

Sales Volume $3,457,500 $8,326,000 141%

Properties Pending Sale 5 1 -80%

Properties For Sale 21 16 -24%

Average Days on Market 34 24 -29%

Months Supply of Inventory 3 14 367%

Percent Under Contract 23.8% 6.3% -74%

Mid Los Angeles

Rodeo RealtyR o d e o R E . c om

Jun. 2013 Jun. 2014 %Change

Median Price $400,000 $534,750 34%

Properties Sold 26 30 15%

Sales Volume $9,744,200 $11,998,500 23%

Properties Pending Sale 18 36 100%

Properties For Sale 130 152 17%

Average Days on Market 39 42 8%

Months Supply of Inventory 6 3 -50%

Percent Under Contract 13.8% 23.7% 71%

*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

Jun. 2013 Jun. 2014 %Change

Median Price $900,000 $695,000 -23%

Properties Sold 1 1 0%

Sales Volume $0 $695,000 #DIV/0!

Properties Pending Sale 2 12 500%

Properties For Sale 32 34 6%

Average Days on Market 24 69 188%

Months Supply of Inventory 15 1 -93%

Percent Under Contract 6.3% 35.3% 465%

*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.

Jun. 2013 Jun. 2014 %Change

Median Price $1,982,500 $2,550,000 29%

Properties Sold 36 33 -8%

Sales Volume $128,344,828 $97,053,000 -24%

Properties Pending Sale 36 36 0%

Properties For Sale 145 115 -21%

Average Days on Market 42 42 0%

Months Supply of Inventory 3 2 -33%

Percent Under Contract 24.8% 31.3% 26%

Palms - Mar Vista

Rodeo RealtyR o d e o R E . c om

Jun. 2013 Jun. 2014 %Change

Median Price $808,000 $1,040,500 29%

Properties Sold 30 29 -3%

Sales Volume $28,064,585 $31,772,550 13%

Properties Pending Sale 36 44 22%

Properties For Sale 83 100 20%

Average Days on Market 21 24 14%

Months Supply of Inventory 1 1 0%

Percent Under Contract 43.4% 44.0% 1%

*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

Jun. 2013 Jun. 2014 %Change

Median Price n/a $1,242,000 #VALUE!

Properties Sold 0 5 #DIV/0!

Sales Volume $0 $6,027,000 #DIV/0!

Properties Pending Sale 1 4 300%

Properties For Sale 7 10 43%

Average Days on Market 25 15 -40%

Months Supply of Inventory 6 1 -83%

Percent Under Contract 14.3% 40.0% 180%

*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

Jun. 2013 Jun. 2014 %Change

Median Price $2,050,000 $1,900,000 -7%

Properties Sold 24 25 4%

Sales Volume $58,368,111 $62,293,500 7%

Properties Pending Sale 20 33 65%

Properties For Sale 91 101 11%

Average Days on Market 32 39 22%

Months Supply of Inventory 3 2 -33%

Percent Under Contract 22.0% 32.7% 49%

*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

Jun. 2013 Jun. 2014 %Change

Median Price $744,500 $779,500 5%

Properties Sold 32 28 -13%

Sales Volume $20,672,756 $18,899,500 -9%

Properties Pending Sale 27 31 15%

Properties For Sale 90 103 14%

Average Days on Market 49 32 -35%

Months Supply of Inventory 2 2 0%

Percent Under Contract 30.0% 30.1% 0%

*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

Jun. 2013 Jun. 2014 %Change

Median Price $1,576,500 $1,660,000 5%

Properties Sold 54 33 -39%

Sales Volume $102,581,989 $64,794,246 -37%

Properties Pending Sale 41 43 5%

Properties For Sale 267 269 1%

Average Days on Market 45 44 -2%

Months Supply of Inventory 5 4 -20%

Percent Under Contract 15.4% 16.0% 4%

*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

Jun. 2013 Jun. 2014 %Change

Median Price $1,400,000 $1,625,000 16%

Properties Sold 21 28 33%

Sales Volume $30,990,967 $38,376,645 24%

Properties Pending Sale 13 17 31%

Properties For Sale 76 63 -17%

Average Days on Market 66 20 -70%

Months Supply of Inventory 4 2 -50%

Percent Under Contract 17.1% 27.0% 58%

*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

Jun. 2013 Jun. 2014 %Change

Median Price $930,000 $1,125,000 21%

Properties Sold 8 13 63%

Sales Volume $7,512,600 $16,439,500 119%

Properties Pending Sale 15 12 -20%

Properties For Sale 50 45 -10%

Average Days on Market 16 30 88%

Months Supply of Inventory 2 2 0%

Percent Under Contract 30.0% 26.7% -11%

*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

Jun. 2013 Jun. 2014 %Change

Median Price $772,500 $875,000 13%

Properties Sold 6 13 117%

Sales Volume $2,995,000 $8,657,000 189%

Properties Pending Sale 4 8 100%

Properties For Sale 26 35 35%

Average Days on Market 11 25 127%

Months Supply of Inventory 6 3 -50%

Percent Under Contract 15.4% 22.9% 49%

*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

Jun. 2013 Jun. 2014 %Change

Median Price $1,311,250 $1,505,000 15%

Properties Sold 22 15 -32%

Sales Volume $33,355,110 $25,381,600 -24%

Properties Pending Sale 8 20 150%

Properties For Sale 52 64 23%

Average Days on Market 29 32 10%

Months Supply of Inventory 5 2 -60%

Percent Under Contract 15.4% 31.3% 103%

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

RODEO REALTY MARKETING DEPARTMENT