Los Angeles - Westside

RodeoMarketReports.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 oM a r k e t R e p o r t s . c o m

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

Sept 2011 Sept 2012 %Change

Median Price $1,524,122 $1,376,444 -10

Properties Sold 16 16 0

Sales Volume $45,721,045 $42,101,888 -8

Properties Pending Sale 8 10 25

Properties For Sale 173 123 -29

Average Days on Market 124 107 -14

Month’s Supply of Inventory 18 10 -43

Percent Under Contract 4.6 8.1 76

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

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

Beverly Center - Miracle Mile

Sept 2011 Sept 2012 %Change

Median Price $885,000 $1,075,000 21

Properties Sold 20 15 -25

Sales Volume $17,392,780 $17,170,530 -1

Properties Pending Sale 16 14 -13

Properties For Sale 100 58 -42

Average Days on Market 68 85 25

Month’s Supply of Inventory 4 2 -41

Percent Under Contract 16 24.1 51

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

*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 oM a r k e t R e p o r t s . c o m

Sept 2011 Sept 2012 %Change

Median Price $2,472,500 $3,984,531 61

Properties Sold 10 14 40

Sales Volume $34,867,000 $73,406,448 111

Properties Pending Sale 10 21 110

Properties For Sale 146 122 -16

Average Days on Market 96 76 -21

Month’s Supply of Inventory 12 4 -65

Percent Under Contract 6.8 17.2 151

*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 oM a r k e t R e p o r t s . c o m

Sept 2011 Sept 2012 %Change

Median Price $1,702,500 $1,861,250 9

Properties Sold 10 16 60

Sales Volume $33,454,000 $30,004,370 -10

Properties Pending Sale 11 20 82

Properties For Sale 189 119 -37

Average Days on Market 98 99 1

Month’s Supply of Inventory 14 4 -70

Percent Under Contract 5.8 16.8 189

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

Beverlywood

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Sept 2011 Sept 2012 %Change

Median Price $631,000 $752,500 19

Properties Sold 12 16 33

Sales Volume $7,980,230 $11,573,500 45

Properties Pending Sale 11 9 -18

Properties For Sale 98 47 -52

Average Days on Market 52 30 -42

Month’s Supply of Inventory 7 4 -42

Percent Under Contract 11.2 19.1 71

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

Brentwood

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Sept 2011 Sept 2012 %Change

Median Price $1,615,000 $1,796,242 11

Properties Sold 16 18 13

Sales Volume $29,496,275 $38,709,558 31

Properties Pending Sale 13 17 31

Properties For Sale 166 116 -30

Average Days on Market 70 74 6

Month’s Supply of Inventory 10 5 -48

Percent Under Contract 7.8 14.7 87

*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 oM a r k e t R e p o r t s . c o m

Sept 2011 Sept 2012 %Change

Median Price $1,170,000 $1,162,500 -1

Properties Sold 12 2 -83

Sales Volume $15,143,210 $2,325,000 -85

Properties Pending Sale 8 4 -50

Properties For Sale 48 21 -56

Average Days on Market 48 31 -35

Month’s Supply of Inventory 4 3 -14

Percent Under Contract 16.7 19 14

*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 oM a r k e t R e p o r t s . c o m

Sept 2011 Sept 2012 %Change

Median Price $567,000 $630,000 11

Properties Sold 16 19 19

Sales Volume $9,130,500 $11,885,265 30

Properties Pending Sale 16 13 -19

Properties For Sale 78 59 -24

Average Days on Market 53 44 -17

Month’s Supply of Inventory 3 3 -6

Percent Under Contract 20.5 32 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 oM a r k e t R e p o r t s . c o m

Sept 2011 Sept 2012 %Change

Median Price $992,250 $850,000 -14

Properties Sold 20 23 15

Sales Volume $21,587,250 $22,285,370 3

Properties Pending Sale 19 26 37

Properties For Sale 173 97 -44

Average Days on Market 84 54 -36

Month’s Supply of Inventory 7 3 -64

Percent Under Contract 11 26.8 144

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

Hollywood

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Sept 2011 Sept 2012 %Change

Median Price $375,000 $850,000 127

Properties Sold 1 3 200

Sales Volume $375,000 $1,329,000 254

Properties Pending Sale 4 6 50

Properties For Sale 44 17 -61

Average Days on Market 22 35 59

Month’s Supply of Inventory 9 1 -87

Percent Under Contract 9.1 35.3 288

*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 oM a r k e t R e p o r t s . c o m

Sept 2011 Sept 2012 %Change

Median Price $1,026,750 $1,000,000 -3

Properties Sold 10 11 10

Sales Volume $10,118,500 $7,507,000 -26

Properties Pending Sale 3 18 500

Properties For Sale 103 84 -18

Average Days on Market 113 95 -16

Month’s Supply of Inventory 30 3 -89

Percent Under Contract 2.9 21.4 636

*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 oM a r k e t R e p o r t s . c o m

Sept 2011 Sept 2012 %Change

Median Price $741,250 $852,000 15

Properties Sold 20 20 0

Sales Volume $15,962,405 $22,760,330 43

Properties Pending Sale 12 22 83

Properties For Sale 142 97 -32

Average Days on Market 21 72 243

Month’s Supply of Inventory 10 3 -72

Percent Under Contract 8.5 22.7 168

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

Malibu

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Sept 2011 Sept 2012 %Change

Median Price $2,950,000 $2,151,228 -27

Properties Sold 10 16 60

Sales Volume $31,594,000 $43,495,207 38

Properties Pending Sale 8 19 138

Properties For Sale 279 198 -29

Average Days on Market 220 114 -48

Month’s Supply of Inventory 30 8 -73

Percent Under Contract 2.9 9.6 235

*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 oM a r k e t R e p o r t s . c o m

Sept 2011 Sept 2012 %Change

Median Price $3,175,000 $6,500,000 105

Properties Sold 4 7 75

Sales Volume $12,625,000 $72,718,890 476

Properties Pending Sale 1 7 600

Properties For Sale 111 96 -14

Average Days on Market 101 119 18

Month’s Supply of Inventory 104 11 -90

Percent Under Contract 0.9 7.3 709

*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 oM a r k e t R e p o r t s . c o m

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

Sept 2011 Sept 2012 %Change

Median Price $1,482,000 $1,494,500 1

Properties Sold 5 3 -40

Sales Volume $6,475,000 $3,588,500 -45

Properties Pending Sale 4 6 50

Properties For Sale 38 19 -50

Average Days on Market 87 79 -9

Month’s Supply of Inventory 7 2 -76

Percent Under Contract 10.5 31.6 200

Mid Los Angeles

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Sept 2011 Sept 2012 %Change

Median Price $225,000 $228,500 2

Properties Sold 29 26 -10

Sales Volume $4,788,890 $4,609,900 -4

Properties Pending Sale 21 39 86

Properties For Sale 235 134 -43

Average Days on Market 66 58 -12

Month’s Supply of Inventory 10 2 -77

Percent Under Contract 8.9 29.1 226

*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 oM a r k e t R e p o r t s . c o m

Sept 2011 Sept 2012 %Change

Median Price $250,000 $415,000 66

Properties Sold 5 7 40

Sales Volume $1,081,000 $1,692,900 57

Properties Pending Sale 1 5 400

Properties For Sale 36 22 -39

Average Days on Market 61 130 113

Month’s Supply of Inventory 29 3 -88

Percent Under Contract 2.8 22.7 718

*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 oM a r k e t R e p o r t s . c o m

Sept 2011 Sept 2012 %Change

Median Price $1,810,000 $2,300,000 27

Properties Sold 21 26 24

Sales Volume $54,350,978 $77,180,875 42

Properties Pending Sale 23 19 -17

Properties For Sale 190 133 -30

Average Days on Market 74 50 -32

Month’s Supply of Inventory 6 6 -7

Percent Under Contract 12.1 14.3 18

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

Palms - Mar Vista

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Sept 2011 Sept 2012 %Change

Median Price $639,000 $750,000 17

Properties Sold 30 42 40

Sales Volume $21,020,018 $31,964,650 52

Properties Pending Sale 24 29 21

Properties For Sale 148 80 -46

Average Days on Market 75 36 -52

Month’s Supply of Inventory 5 2 -64

Percent Under Contract 16.2 36.3 124

*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 oM a r k e t R e p o r t s . c o m

Sept 2011 Sept 2012 %Change

Median Price $1,054,500 $890,000 -16

Properties Sold 2 1 -50

Sales Volume $1,199,000 $890,000 -26

Properties Pending Sale 1 0 -100

Properties For Sale 6 2 -67

Average Days on Market 13 0 -100

Month’s Supply of Inventory 3 0 -100

Percent Under Contract 16.7 0 -100

*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 oM a r k e t R e p o r t s . c o m

Sept 2011 Sept 2012 %Change

Median Price $1,351,000 $1,930,000 43

Properties Sold 18 26 44

Sales Volume $27,246,783 $59,717,000 119

Properties Pending Sale 12 18 50

Properties For Sale 129 96 -26

Average Days on Market 89 41 -54

Month’s Supply of Inventory 9 4 -59

Percent Under Contract 9.3 18.8 102

*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 oM a r k e t R e p o r t s . c o m

Sept 2011 Sept 2012 %Change

Median Price $676,300 $593,450 -12

Properties Sold 23 22 -4

Sales Volume $12,727,800 $11,359,900 -11

Properties Pending Sale 22 21 -5

Properties For Sale 151 73 -52

Average Days on Market 58 63 9

Month’s Supply of Inventory 5 2 -56

Percent Under Contract 14.6 28.8 97

*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 oM a r k e t R e p o r t s . c o m

Sept 2011 Sept 2012 %Change

Median Price $981,250 $1,210,000 14

Properties Sold 30 23 -23

Sales Volume $35,341,500 $35,150,990 -1

Properties Pending Sale 14 38 171

Properties For Sale 308 258 -16

Average Days on Market 79 96 22

Month’s Supply of Inventory 19 5 -72

Percent Under Contract 4.5 14.7 224

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

Venice

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Sept 2011 Sept 2012 %Change

Median Price $1,150,000 $1,300,000 13

Properties Sold 11 17 55

Sales Volume $13,640,000 $21,515,500 58

Properties Pending Sale 13 18 38

Properties For Sale 114 74 -35

Average Days on Market 66 57 -14

Month’s Supply of Inventory 6 3 -56

Percent Under Contract 11.4 24.3 113

*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 oM a r k e t R e p o r t s . c o m

Sept 2011 Sept 2012 %Change

Median Price $887,000 $1,090,000 23

Properties Sold 9 10 11

Sales Volume $9,930,000 $13,795,000 39

Properties Pending Sale 7 14 100

Properties For Sale 78 41 -47

Average Days on Market 85 60 -29

Month’s Supply of Inventory 9 2 -82

Percent Under Contract 9 34.1 280

*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 oM a r k e t R e p o r t s . c o m

Sept 2011 Sept 2012 %Change

Median Price $727,400 $667,732 -8

Properties Sold 7 4 -43

Sales Volume $5,082,400 $2,600,465 -49

Properties Pending Sale 3 9 200

Properties For Sale 37 38 3

Average Days on Market 104 35 -66

Month’s Supply of Inventory 11 3 -71

Percent Under Contract 8.1 23.7 192

*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 oM a r k e t R e p o r t s . c o m

Sept 2011 Sept 2012 %Change

Median Price $1,097,500 $1,255,000 14

Properties Sold 12 12 0

Sales Volume $14,116,250 $16,391,500 16

Properties Pending Sale 13 19 46

Properties For Sale 77 51 -34

Average Days on Market 68 48 -29

Month’s Supply of Inventory 4 2 -64

Percent Under Contract 16.9 37.3 121

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

RODEO REALTY MARKETING DEPARTMENT