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Greater Los Angeles Market Update3-Month Ending August 2015
Beverly Hills | Brentwood | Los Feliz | Malibu Pacific Palisades | Santa Monica | Sunset Strip | Topanga sothebyshomes.com/losangeles
Beverly Hills, CA | web: 0027261
MARKET AREA PGS.
Bel Air - Holmby Hills 4-5
Beverly Center - Miracle Mile 6-7
Beverly Hills 8-9
Beverly Hills Post Office 10-11
Beverlywood 12-13
Brentwood 14-15
Cheviot Hills - Rancho Park 16-17
Culver City 18-19
Downtown Los Angeles 20-21
Eagle Rock 22-23
Hancock Park 24-25
Hollywood 26-27
Hollywood Hills East 28-29
Los Feliz 30-31
Malibu 32-33
Malibu Beach 34-35
Marina Del Rey 36-37
MARKET AREA PGS.
Mid Los Angeles 38-39
Mid Wilshire 40-41
Mount Washington 42-43
Pacific Palisades 44-45
Palms - Mar Vista 46-47
Playa Del Rey 48-49
Playa Vista 50-51
Santa Monica 52-53
Silverlake - Echo Park 54-55
Sunset Strip - Hlwd Hills 56-57
Topanga 58-59
Venice 60-61
West Hollywood 62-63
West Los Angeles 64-65
Westchester 66-67
Westwood - Century City 68-69
To view our listings please visit sothebyshomes.com/losangeles
Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.
TABLE OF CONTENTS
FEATURED LISTINGS IN LOS ANGELES
MALIBU, CAweb: 1300101 | $11,995,000
Gem of a property located on the bluffs of Point
Dume overlooking Westward Beach.
Malibu - Cross Creek Brokerage
Marcus Beck | 310.456.9405
Michael Gardner | 310.699.8428
TOPANGA, CAweb: 0308450 | $8,000,000
Magnificent, trophy Topanga Canyon Ranch with
a main residence and 2 guest houses.
Sunset Strip Brokerage
Marc Noah | 310.968.9212
VENICE, CAweb: 0355453 | $6,985,000
This custom-built masterpiece is a showcase
for modern indoor/outdoor beach living.
Brentwood Brokerage
Gregory Bega | 213.453.2020
Lindsay Galbraith | 310.916.8622
4
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Bel Air is encompassed by a prestigious and well-known pocket of Los Angeles
known as the Golden Triangle, including Bel Air, Beverly Hills and Holmby Hills.
Bel Air real estate is tucked along the foothills of a section of the Santa Monica
Mountains on the north side and borders UCLA and Sunset Boulevard to the
south. Bel Air is approx. 12 miles from Downtown LA, minutes from the 405
freeway and close to the quaint Bel Air Hotel, yet it provides a feeling of serenity
and ever sought-after escape from metropolitan life. Homes vary from original
ranch style and modest one half stories to mansions with gorgeous views of
the canyon and city lights. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
BEL AIR - HOLMBY HILLS
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $3,546,529 $757,667 $1,980,797 $8,446,923
AVERAGE LIST PRICE PER SQUARE FOOT $902.65 $547.84 $657.41 $1,170.27
AVERAGE SOLD PRICE $3,392,660 $771,750 $1,958,830 $7,911,150
AVERAGE SOLD PRICE PER SQUARE FOOT $863.49 $558.03 $650.12 $1,096.04
TOTAL SFH SOLD 49 6 30 13
TOTAL SFH FOR SALE AT END OF PERIOD 80 5 20 55
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.9 2.5 2.0 12.7
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 96% 102% 99% 94%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $3,515,853 $875,800 $1,802,389 $7,519,727
AVERAGE LIST PRICE PER SQUARE FOOT $960.84 $628.99 $624.03 $1,232.94
AVERAGE SOLD PRICE $3,359,268 $828,200 $1,801,722 $7,058,464
AVERAGE SOLD PRICE PER SQUARE FOOT $916.98 $594.80 $623.78 $1,157.31
TOTAL SFH SOLD 34 5 18 11
TOTAL SFH FOR SALE AT END OF PERIOD 80 3 30 47
AVERAGE MONTHLY SUPPLY OF INVENTORY 7.1 1.8 5.0 12.8
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 96% 95% 100% 94%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 1% -13% 10% 12%
AVERAGE LIST PRICE PER SQUARE FOOT -6% -13% 5% -5%
AVERAGE SOLD PRICE 1% -7% 9% 12%
AVERAGE SOLD PRICE PER SQUARE FOOT -6% -6% 4% -5%
TOTAL SFH SOLD 44% 20% 67% 18%
TOTAL SFH FOR SALE AT END OF PERIOD 0% 67% -33% 17%
AVERAGE MONTHLY SUPPLY OF INVENTORY -31% 39% -60% -1%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 8% -1% 0%
(Source: MLS/CLAW)
5
CONDOMINIUM SALES BEL AIR - HOLMBY HILLS
In Bel Air - Holmby Hills there were 9 single family home sales in August 2015, down from 10 in August 2014 and a 53%
decrease from the 19 sales closed last month. The average list price for single family home sales in August 2015 was
$2,308,556 compared to $3,042,500 for August 2014, representing a 24% decrease. For the three-month period from
June to August 2015, the average list price was 1% higher than the same period of the prior year. Average sales price
for August 2015 was $2,243,333, compared to that of June through August 2015, which was $3,392,660. These results
indicate that the sale price is trending down. Comparing August 2015 to July 2015, Bel Air - Holmby Hills saw a 4%
decrease in average sale price, and a 21% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $669,000 $669,000 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $500.47 $500.47 $- $-
AVERAGE SOLD PRICE $661,375 $661,375 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $494.76 $494.76 $- $-
TOTAL CONDOS SOLD 4 4 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 2 1 1 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.5 0.8 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 0% 0%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $385,000 $385,000 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $392.46 $392.46 $- $-
AVERAGE SOLD PRICE $365,000 $365,000 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $372.07 $372.07 $- $-
TOTAL CONDOS SOLD 1 1 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 4 3 1 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 12.0 9.0 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 95% 95% 0% 0%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 74% 74% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 28% 28% 0% 0%
AVERAGE SOLD PRICE 81% 81% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 33% 33% 0% 0%
TOTAL CONDOS SOLD 300% 300% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -50% -67% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -88% -92% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 4% 4% 0% 0%
(Source: MLS/CLAW)
AUGUST MARKET OVERVIEW
6
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
BEVERLY CENTER - MIRACLE MILE
The Beverly Center-Miracle Mile area of Los Angeles, known for its original
Spanish two-story homes, duplexes and single-family homes, borders the Mid
Los Angeles and Fairfax Districts as well as Hancock Park. The many original
Spanish two-story homes, duplexes and single-family homes make up one of
the city’s most densely populated and commercial sections. The area is home
to the world-famous Los Angeles County Museum of Modern Art (LACMA),
the La Brea Tar Pits and the Petersen Automotive Museum, which all make
up Museum Row. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,805,481 $794,500 $1,695,153 $3,381,286
AVERAGE LIST PRICE PER SQUARE FOOT $749.44 $489.88 $746.14 $852.54
AVERAGE SOLD PRICE $1,797,675 $797,628 $1,700,430 $3,280,000
AVERAGE SOLD PRICE PER SQUARE FOOT $746.20 $491.81 $748.47 $827.00
TOTAL SFH SOLD 58 6 45 7
TOTAL SFH FOR SALE AT END OF PERIOD 36 2 31 3
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.9 1.0 2.1 1.3
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 100% 97%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,491,124 $833,405 $1,647,724 $-
AVERAGE LIST PRICE PER SQUARE FOOT $674.99 $552.77 $694.67 $-
AVERAGE SOLD PRICE $1,494,943 $830,180 $1,653,220 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $677.43 $550.63 $697.84 $-
TOTAL SFH SOLD 52 10 42 -
TOTAL SFH FOR SALE AT END OF PERIOD 40 6 29 5
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.3 1.8 2.1 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 100% 0%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 21% -5% 3% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 11% -11% 7% 0%
AVERAGE SOLD PRICE 20% -4% 3% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 10% -11% 7% 0%
TOTAL SFH SOLD 12% -40% 7% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -10% -67% 7% -40%
AVERAGE MONTHLY SUPPLY OF INVENTORY -19% -44% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% 1% 0% 0%
(Source: MLS/CLAW)
7
CONDOMINIUM SALES
AUGUST MARKET OVERVIEW
BEVERLY CENTER - MIRACLE MILE
In Beverly Center - Miracle Mile there were 19 single family home sales in August 2015, which is the same as August 2014
and a similar performance from the 19 sales closed last month. The average list price for single family home sales in
August 2015 was $1,774,421 compared to $1,433,318 for August 2014, representing a 24% increase. For the three-month
period from June to August 2015, the average list price was 21% higher than the same period of the prior year. Average
sales price for August 2015 was $1,753,691, compared to that of June through August 2015, which was $1,797,675. These
results indicate that the sale price is trending down. Comparing August 2015 to July 2015, Beverly Center - Miracle Mile
saw a 9% decrease in average sale price, but a 22% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $777,708 $743,864 $1,150,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $528.14 $526.58 $539.53 $-
AVERAGE SOLD PRICE $781,662 $742,495 $1,212,500 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $530.83 $525.61 $568.85 $-
TOTAL CONDOS SOLD 24 22 2 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 21 18 3 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.6 2.5 4.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 100% 105% 0%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $618,478 $618,478 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $478.12 $478.12 $- $-
AVERAGE SOLD PRICE $606,745 $606,745 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $469.57 $469.57 $- $-
TOTAL CONDOS SOLD 36 36 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 20 19 1 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.7 1.6 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 0% 0%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 26% 20% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 10% 10% 0% 0%
AVERAGE SOLD PRICE 29% 22% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 13% 12% 0% 0%
TOTAL CONDOS SOLD -33% -39% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 5% -5% 200% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 58% 55% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 2% 2% 0% 0%
(Source: MLS/CLAW)
8
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
BEVERLY HILLS
Beverly Hill, located within the Golden Triangle, is nestle up against the foothills of the
Santa Monica Mountains on the north side. Beverly Hills is bordered by Westwood
Village and Century City on the west, West Hollywood and Fairfax District on the east,
and Los Angeles City and the 10 freeway on the South. Rodeo Drive between Wilshire
Boulevard and Sunset Boulevard include not only the ultimate shopping mecca,
but an area of large homes referred to as the Flats,. The blocks were designed by
landscape architect William D. Cook, with large lots and wide curving streets lined with
palm, eucalyptus and acacia trees and a three-block 80-foot-wide park running along
Santa Monica Boulevard. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $5,880,804 $- $2,007,833 $7,993,333
AVERAGE LIST PRICE PER SQUARE FOOT $1,477.73 $- $967.89 $1,601.90
AVERAGE SOLD PRICE $5,686,198 $- $2,019,779 $7,686,063
AVERAGE SOLD PRICE PER SQUARE FOOT $1,426.80 $- $973.65 $1,537.16
TOTAL SFH SOLD 51 - 18 33
TOTAL SFH FOR SALE AT END OF PERIOD 65 - 6 59
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.8 - 1.0 5.4
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 0% 101% 96%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $4,838,462 $- $1,922,714 $8,240,167
AVERAGE LIST PRICE PER SQUARE FOOT $1,283.28 $- $881.69 $1,470.61
AVERAGE SOLD PRICE $4,599,755 $- $1,907,925 $7,740,222
AVERAGE SOLD PRICE PER SQUARE FOOT $1,219.14 $- $874.91 $1,379.71
TOTAL SFH SOLD 39 - 21 18
TOTAL SFH FOR SALE AT END OF PERIOD 66 1 14 51
AVERAGE MONTHLY SUPPLY OF INVENTORY 5.1 - 2.0 8.5
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 95% 0% 99% 94%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 22% 0% 4% -3%
AVERAGE LIST PRICE PER SQUARE FOOT 15% 0% 10% 9%
AVERAGE SOLD PRICE 24% 0% 6% -1%
AVERAGE SOLD PRICE PER SQUARE FOOT 17% 0% 11% 11%
TOTAL SFH SOLD 31% 0% -14% 83%
TOTAL SFH FOR SALE AT END OF PERIOD -2% -100% -57% 16%
AVERAGE MONTHLY SUPPLY OF INVENTORY -25% 0% -50% -37%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 2% 0% 1% 2%
(Source: MLS/CLAW)
9
CONDOMINIUM SALES
AUGUST MARKET OVERVIEW
BEVERLY HILLS
In Beverly Hills there were 10 single family home sales in August 2015, down from 14 in August 2014 and a 41% decrease
from the 17 sales closed last month. The average list price for single family home sales in August 2015 was $4,661,700
compared to $5,621,571 for August 2014, representing a 17% decrease. For the three-month period from June to August
2015, the average list price was 22% higher than the same period of the prior year. Average sales price for August 2015
was $4,448,453, compared to that of June through August 2015, which was $5,686,198. These results indicate that the
sale price is trending down. Comparing August 2015 to July 2015, Beverly Hills saw a 22% decrease in average sale price,
and a 15% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,311,897 $811,294 $1,398,905 $7,995,000
AVERAGE LIST PRICE PER SQUARE FOOT $716.92 $588.13 $648.04 $2,835.11
AVERAGE SOLD PRICE $1,266,291 $795,765 $1,346,898 $7,572,500
AVERAGE SOLD PRICE PER SQUARE FOOT $691.83 $576.88 $623.95 $2,685.28
TOTAL CONDOS SOLD 39 17 21 1
TOTAL CONDOS FOR SALE AT END OF PERIOD 41 15 23 3
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.2 2.6 3.3 9.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 98% 96% 95%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,352,825 $790,700 $1,282,036 $11,900,000
AVERAGE LIST PRICE PER SQUARE FOOT $739.36 $525.69 $615.50 $3,115.18
AVERAGE SOLD PRICE $1,326,234 $777,282 $1,277,098 $11,346,307
AVERAGE SOLD PRICE PER SQUARE FOOT $724.83 $516.77 $613.13 $2,970.24
TOTAL CONDOS SOLD 32 17 14 1
TOTAL CONDOS FOR SALE AT END OF PERIOD 42 16 24 2
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.9 2.8 5.1 6.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 100% 95%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -3% 3% 9% -33%
AVERAGE LIST PRICE PER SQUARE FOOT -3% 12% 5% -9%
AVERAGE SOLD PRICE -5% 2% 5% -33%
AVERAGE SOLD PRICE PER SQUARE FOOT -5% 12% 2% -10%
TOTAL CONDOS SOLD 22% 0% 50% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -2% -6% -4% 50%
AVERAGE MONTHLY SUPPLY OF INVENTORY -20% -6% -36% 50%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -2% 0% -3% -1%
(Source: MLS/CLAW)
10
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
BEVERLY HILLS POST OFFICE
Beverly Hills Post Office is home to grand estates, mansions and large
traditional homes as well as some of the most celebrated gated communities
in the area, including Mulholland Estates, The Summit, Beverly Ridge Estates
and perhaps the most famous, Beverly Park. Lying outside of the City of
Beverly Hills limits, Beverly Hills Post Office is part of Los Angeles, but is
assigned to use the postal services of Beverly Hills, which started in the early
1960s. Within the area some of the most desired grand estates, mansions
and large traditional homes in all of Southern California can be found.CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $4,446,298 $821,000 $2,017,650 $6,923,333
AVERAGE LIST PRICE PER SQUARE FOOT $1,026.60 $692.24 $642.39 $1,229.17
AVERAGE SOLD PRICE $4,197,945 $768,131 $2,017,400 $6,443,792
AVERAGE SOLD PRICE PER SQUARE FOOT $974.36 $647.67 $642.31 $1,150.51
TOTAL SFH SOLD 47 3 20 24
TOTAL SFH FOR SALE AT END OF PERIOD 109 2 38 69
AVERAGE MONTHLY SUPPLY OF INVENTORY 7.0 2.0 5.7 8.6
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 94% 94% 100% 93%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $3,266,004 $849,500 $1,833,048 $6,283,231
AVERAGE LIST PRICE PER SQUARE FOOT $845.12 $497.80 $709.83 $962.96
AVERAGE SOLD PRICE $3,099,388 $837,500 $1,833,750 $5,783,934
AVERAGE SOLD PRICE PER SQUARE FOOT $802.53 $490.77 $710.10 $886.17
TOTAL SFH SOLD 39 2 24 13
TOTAL SFH FOR SALE AT END OF PERIOD 101 3 44 54
AVERAGE MONTHLY SUPPLY OF INVENTORY 7.8 4.5 5.5 12.5
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 95% 99% 100% 92%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 36% -3% 10% 10%
AVERAGE LIST PRICE PER SQUARE FOOT 21% 39% -10% 28%
AVERAGE SOLD PRICE 35% -8% 10% 11%
AVERAGE SOLD PRICE PER SQUARE FOOT 21% 32% -10% 30%
TOTAL SFH SOLD 21% 50% -17% 85%
TOTAL SFH FOR SALE AT END OF PERIOD 8% -33% -14% 28%
AVERAGE MONTHLY SUPPLY OF INVENTORY -10% -56% 4% -31%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% -5% 0% 1%
(Source: MLS/CLAW)
11
CONDOMINIUM SALES
AUGUST MARKET OVERVIEW
BEVERLY HILLS POST OFFICE
In Beverly Hills Post Office there were 13 single family home sales in August 2015, down from 14 in August 2014 and a
7% decrease from the 14 sales closed last month. The average list price for single family home sales in August 2015
was $3,889,462 almost matching $3,990,779 for August 2014. For the three-month period from June to August 2015,
the average list price was 36% higher than the same period of the prior year. Average sales price for August 2015 was
$3,634,736, compared to that of June through August 2015, which was $4,197,945. These results indicate that the sale
price is trending down. Comparing August 2015 to July 2015, Beverly Hills Post Office saw a 30% decrease in average sale
price, and a 1% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $- $- $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $- $- $- $-
AVERAGE SOLD PRICE $- $- $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $- $- $- $-
TOTAL CONDOS SOLD - - - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $- $- $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $- $- $- $-
AVERAGE SOLD PRICE $- $- $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $- $- $- $-
TOTAL CONDOS SOLD - - - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 0% 0% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 0% 0% 0% 0%
AVERAGE SOLD PRICE 0% 0% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 0% 0% 0% 0%
TOTAL CONDOS SOLD 0% 0% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 0% 0% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 0% 0% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
(Source: MLS/CLAW)
12
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Beverlywood is an upscale neighborhood in Los Angeles strategically placed
near the heart of one of the world’s largest cities, and is the ideal home for
anyone from couples raising families to retirees. The community is friendly
and features tree-lined streets, lush green parks, fancy storefronts, sidewalk
delis and cozy cafes for its residents. Almost all of Beverlywood’s inhabitants
live in single-family homes built between the 1920s and the 1950s, with the
oldest homes in the areas near Beverly Hills. Beverlywood residents enjoy an
upscale community of homes constructed from 1920s through the 1950s. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
BEVERLYWOOD
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,372,583 $863,667 $1,500,341 $5,295,000
AVERAGE LIST PRICE PER SQUARE FOOT $680.34 $622.21 $663.40 $1,545.99
AVERAGE SOLD PRICE $1,382,910 $869,250 $1,528,124 $4,675,000
AVERAGE SOLD PRICE PER SQUARE FOOT $685.61 $626.24 $676.16 $1,364.96
TOTAL SFH SOLD 60 18 41 1
TOTAL SFH FOR SALE AT END OF PERIOD 38 15 23 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.9 2.5 1.7 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 101% 102% 88%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,103,098 $727,509 $1,478,688 $-
AVERAGE LIST PRICE PER SQUARE FOOT $600.73 $512.82 $656.06 $-
AVERAGE SOLD PRICE $1,100,560 $726,103 $1,475,017 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $599.34 $511.83 $654.43 $-
TOTAL SFH SOLD 58 29 29 -
TOTAL SFH FOR SALE AT END OF PERIOD 35 20 14 1
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.8 2.1 1.4 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 100% 0%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 24% 19% 1% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 13% 21% 1% 0%
AVERAGE SOLD PRICE 26% 20% 4% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 14% 22% 3% 0%
TOTAL SFH SOLD 3% -38% 41% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 9% -25% 64% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 5% 21% 16% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 1% 2% 0%
(Source: MLS/CLAW)
13
CONDOMINIUM SALES BEVERLYWOOD
AUGUST MARKET OVERVIEWIn Beverlywood there were 25 single family home sales in August 2015, up from 20 in August 2014 and a 56% increase
from the 16 sales closed last month. The average list price for single family home sales in August 2015 was $1,395,000
compared to $1,169,193 for August 2014, representing a 19% increase. For the three-month period from June to August
2015, the average list price was 24% higher than the same period of the prior year. Average sales price for August 2015
was $1,402,203, compared to that of June through August 2015, which was $1,382,910. These results indicate that the
sale price is trending up. Comparing August 2015 to July 2015, Beverlywood saw a 2% decrease in average sale price, but
a 21% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $671,762 $619,825 $1,295,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $495.17 $487.83 $542.07 $-
AVERAGE SOLD PRICE $662,885 $618,958 $1,190,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $488.63 $487.15 $498.12 $-
TOTAL CONDOS SOLD 13 12 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 8 8 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.8 2.0 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 100% 92% 0%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $556,500 $556,500 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $453.97 $453.97 $- $-
AVERAGE SOLD PRICE $549,411 $549,411 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $448.18 $448.18 $- $-
TOTAL CONDOS SOLD 14 14 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 15 15 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.2 3.2 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 0% 0%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 21% 11% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 9% 7% 0% 0%
AVERAGE SOLD PRICE 21% 13% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 9% 9% 0% 0%
TOTAL CONDOS SOLD -7% -14% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -47% -47% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -43% -38% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 1% 0% 0%
(Source: MLS/CLAW)
14
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Brentwood is one of the wealthiest areas of Los Angeles, populated by affluent
professionals, political figures and celebrities. Known for its Spanish-style homes,
condos and traditional homes, Brentwood has prosperous commercial districts
along each of its major east-west thoroughfares, Wilshire Boulevard, San Vicente
Boulevard and Sunset Boulevard. The Spanish-style and traditional-style homes
as well as the condos of Brentwood are located at the base of the Santa Monica
Mountains. Brentwood was once part of the Rancho San Vicente y Santa Monica,
a Mexican land-grant ranch sold off in pieces by the Sepulveda family after the
Mexican-American War. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
BRENTWOOD
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $3,376,469 $- $2,081,875 $5,534,125
AVERAGE LIST PRICE PER SQUARE FOOT $1,024.93 $- $858.31 $1,170.85
AVERAGE SOLD PRICE $3,310,990 $- $2,095,891 $5,336,155
AVERAGE SOLD PRICE PER SQUARE FOOT $1,004.91 $- $864.69 $1,127.71
TOTAL SFH SOLD 64 - 40 24
TOTAL SFH FOR SALE AT END OF PERIOD 86 - 33 53
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.0 - 2.5 6.6
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 0% 101% 96%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $3,681,986 $796,500 $1,977,614 $6,912,520
AVERAGE LIST PRICE PER SQUARE FOOT $974.39 $780.12 $720.72 $1,187.59
AVERAGE SOLD PRICE $3,536,641 $821,500 $1,948,450 $6,549,070
AVERAGE SOLD PRICE PER SQUARE FOOT $935.93 $804.60 $710.09 $1,125.15
TOTAL SFH SOLD 71 2 44 25
TOTAL SFH FOR SALE AT END OF PERIOD 66 - 25 41
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.8 - 1.7 4.9
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 96% 103% 99% 95%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -8% -100% 5% -20%
AVERAGE LIST PRICE PER SQUARE FOOT 5% -100% 19% -1%
AVERAGE SOLD PRICE -6% -100% 8% -19%
AVERAGE SOLD PRICE PER SQUARE FOOT 7% -100% 22% 0%
TOTAL SFH SOLD -10% -100% -9% -4%
TOTAL SFH FOR SALE AT END OF PERIOD 30% 0% 32% 29%
AVERAGE MONTHLY SUPPLY OF INVENTORY 45% 0% 45% 35%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 2% -100% 2% 2%
(Source: MLS/CLAW)
15
CONDOMINIUM SALES BRENTWOOD
AUGUST MARKET OVERVIEWIn Brentwood there were 19 single family home sales in August 2015, down from 22 in August 2014 and a 14% decrease
from the 22 sales closed last month. The average list price for single family home sales in August 2015 was $3,417,553
compared to $4,554,909 for August 2014, representing a 25% decrease. For the three-month period from June to August
2015, the average list price was 8% lower than the same period of the prior year. Average sales price for August 2015 was
$3,304,974, compared to that of June through August 2015, which was $3,310,990. These results indicate that the sale
price is trending down. Comparing August 2015 to July 2015, Brentwood saw a 3% decrease in average sale price, and a
24% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $814,476 $694,655 $1,245,833 $-
AVERAGE LIST PRICE PER SQUARE FOOT $540.87 $530.65 $562.62 $-
AVERAGE SOLD PRICE $821,428 $703,757 $1,245,042 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $545.48 $537.60 $562.26 $-
TOTAL CONDOS SOLD 69 54 15 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 62 38 24 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.7 2.1 4.8 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 101% 100% 0%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $749,817 $662,435 $1,274,111 $-
AVERAGE LIST PRICE PER SQUARE FOOT $539.23 $527.08 $579.99 $-
AVERAGE SOLD PRICE $746,277 $660,050 $1,263,642 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $537.07 $525.11 $577.20 $-
TOTAL CONDOS SOLD 63 54 9 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 55 43 12 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.6 2.4 4.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 99% 0%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 9% 5% -2% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 0% 1% -3% 0%
AVERAGE SOLD PRICE 10% 7% -1% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 2% 2% -3% 0%
TOTAL CONDOS SOLD 10% 0% 67% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 13% -12% 100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 3% -12% 20% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 2% 1% 0%
(Source: MLS/CLAW)
16
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Cheviot Hills and Rancho Park are both situated within a short drive of Fox
Studios and Sony Studios. Cheviot Hills provides excellent views of much
of the Los Angeles. Cheviot Hills’ gently rolling hills are reminiscent of the
Cheviot Hills area of Scotland, which is how the area got its name. Rancho
Park, though a small residential neighborhood in West Los Angeles, is one
of the few districts in Los Angeles where fall foliage can be seen. Nestled
between Westwood and Cheviot Hills, Rancho Park is mostly filled with
single-family homes and tree-lined streets. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
CHEVIOT HILLS - RANCHO PARK
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,981,750 $924,000 $1,869,947 $3,395,000
AVERAGE LIST PRICE PER SQUARE FOOT $787.28 $719.63 $782.09 $820.25
AVERAGE SOLD PRICE $1,971,208 $925,000 $1,861,526 $3,363,333
AVERAGE SOLD PRICE PER SQUARE FOOT $783.09 $720.40 $778.57 $812.60
TOTAL SFH SOLD 24 2 19 3
TOTAL SFH FOR SALE AT END OF PERIOD 10 - 8 2
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.3 - 1.3 2.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 100% 100% 99%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,774,250 $888,400 $1,578,632 $3,810,750
AVERAGE LIST PRICE PER SQUARE FOOT $853.77 $743.06 $765.56 $1,169.75
AVERAGE SOLD PRICE $1,781,386 $896,860 $1,620,237 $3,652,500
AVERAGE SOLD PRICE PER SQUARE FOOT $857.20 $750.13 $785.74 $1,121.17
TOTAL SFH SOLD 28 5 19 4
TOTAL SFH FOR SALE AT END OF PERIOD 18 2 12 4
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.9 1.2 1.9 3.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 101% 103% 96%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 12% 4% 18% -11%
AVERAGE LIST PRICE PER SQUARE FOOT -8% -3% 2% -30%
AVERAGE SOLD PRICE 11% 3% 15% -8%
AVERAGE SOLD PRICE PER SQUARE FOOT -9% -4% -1% -28%
TOTAL SFH SOLD -14% -60% 0% -25%
TOTAL SFH FOR SALE AT END OF PERIOD -44% -100% -33% -50%
AVERAGE MONTHLY SUPPLY OF INVENTORY -35% -100% -33% -33%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% -1% -3% 3%
(Source: MLS/CLAW)
17
CONDOMINIUM SALES CHEVIOT HILLS - RANCHO PARK
AUGUST MARKET OVERVIEWIn Cheviot Hills - Rancho Park there were 9 single family home sales in August 2015, down from 10 in August 2014 and a
29% increase from the 7 sales closed last month. The average list price for single family home sales in August 2015 was
$1,958,222 compared to $1,735,100 for August 2014, representing a 13% increase. For the three-month period from
June to August 2015, the average list price was 12% higher than the same period of the prior year. Average sales price
for August 2015 was $1,954,444, compared to that of June through August 2015, which was $1,971,208. These results
indicate that the sale price is trending down. Comparing August 2015 to July 2015, Cheviot Hills - Rancho Park saw a 1%
decrease in average sale price, but a 12% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $- $- $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $- $- $- $-
AVERAGE SOLD PRICE $- $- $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $- $- $- $-
TOTAL CONDOS SOLD - - - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $- $- $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $- $- $- $-
AVERAGE SOLD PRICE $- $- $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $- $- $- $-
TOTAL CONDOS SOLD - - - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 0% 0% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 0% 0% 0% 0%
AVERAGE SOLD PRICE 0% 0% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 0% 0% 0% 0%
TOTAL CONDOS SOLD 0% 0% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 0% 0% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 0% 0% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
(Source: MLS/CLAW)
18
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Charming Culver City, with its condos and traditional and Spanish-style homes,
is a town of galleries, shops, cafes and entrepreneurial businesses. Culver City
has been a focal point for motion picture studios since the 1920s and more
recently for television production, having been home to MGM Studios, the
Culver Studios and now Sony Picture Entertainment. Home of the Kirk Douglas
Theatre, Helms Bakeries and the Culver Hotel, Culver City’s condos, traditional
homes and Spanish-style homes offer a combination of urban living and small
town charm. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
CULVER CITY
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,042,144 $820,242 $1,223,170 $-
AVERAGE LIST PRICE PER SQUARE FOOT $621.76 $608.07 $629.52 $-
AVERAGE SOLD PRICE $1,075,122 $828,660 $1,276,184 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $641.44 $614.31 $656.80 $-
TOTAL SFH SOLD 69 31 38 -
TOTAL SFH FOR SALE AT END OF PERIOD 38 17 21 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.7 1.6 1.7 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 103% 101% 104% 0%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $894,037 $753,597 $1,250,538 $-
AVERAGE LIST PRICE PER SQUARE FOOT $545.57 $530.44 $572.45 $-
AVERAGE SOLD PRICE $921,702 $783,691 $1,272,038 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $563.07 $551.62 $583.42 $-
TOTAL SFH SOLD 46 33 13 -
TOTAL SFH FOR SALE AT END OF PERIOD 34 23 11 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.2 2.1 2.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 103% 104% 102% 0%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 17% 9% -2% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 14% 15% 10% 0%
AVERAGE SOLD PRICE 17% 6% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 14% 11% 13% 0%
TOTAL SFH SOLD 50% -6% 192% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 12% -26% 91% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -25% -21% -35% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% -3% 3% 0%
(Source: MLS/CLAW)
19
CONDOMINIUM SALES CULVER CITY
AUGUST MARKET OVERVIEWIn Culver City there were 25 single family home sales in August 2015, up from 13 in August 2014 and a 4% decrease
from the 26 sales closed last month. The average list price for single family home sales in August 2015 was $1,041,320
compared to $880,230 for August 2014, representing an 18% increase. For the three-month period from June to August
2015, the average list price was 17% higher than the same period of the prior year. Average sales price for August 2015
was $1,061,880, compared to that of June through August 2015, which was $1,075,122. These results indicate that the
sale price is trending down. Comparing August 2015 to July 2015, Culver City saw a 6% decrease in average sale price, but
a 19% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $455,484 $447,492 $975,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $424.48 $421.83 $522.51 $-
AVERAGE SOLD PRICE $463,073 $454,428 $1,025,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $431.55 $428.36 $549.30 $-
TOTAL CONDOS SOLD 66 65 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 25 20 5 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.1 0.9 15.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 102% 105% 0%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $451,289 $451,289 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $401.49 $401.49 $- $-
AVERAGE SOLD PRICE $453,670 $453,670 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $403.61 $403.61 $- $-
TOTAL CONDOS SOLD 70 70 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 27 27 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.2 1.2 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 101% 0% 0%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 1% -1% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 6% 5% 0% 0%
AVERAGE SOLD PRICE 2% 0% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 7% 6% 0% 0%
TOTAL CONDOS SOLD -6% -7% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -7% -26% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -2% -20% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 1% 0% 0%
(Source: MLS/CLAW)
20
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Downtown Los Angeles offers urban living with its condos and lofts, and its
central business district with skyscrapers, multinational corporations, popular
art institutions, public art displays, sightseeing opportunities, sports facilities
and shopping. Home to world-famous establishments like The Walt Disney
Concert Hall, Staples Center, Cathedral of our Lady of the Angels and the
University of Southern California, Downtown Los Angeles borders Lincoln
Heights and the LA River to the east, Hollywood to the north, the Santa Monica
Freeway to the south, and the Harbor Freeway to the west. Perfect for those
seeking condos and lofts. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
DOWNTOWN LOS ANGELES
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $607,938 $304,683 $2,495,000 $5,999,000
AVERAGE LIST PRICE PER SQUARE FOOT $300.83 $200.10 $623.75 $499.92
AVERAGE SOLD PRICE $592,178 $300,068 $2,495,000 $5,700,000
AVERAGE SOLD PRICE PER SQUARE FOOT $293.03 $197.07 $623.75 $475.00
TOTAL SFH SOLD 26 24 1 1
TOTAL SFH FOR SALE AT END OF PERIOD 31 31 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.6 3.9 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 98% 100% 95%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $303,670 $303,670 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $207.99 $207.99 $- $-
AVERAGE SOLD PRICE $306,148 $306,148 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $209.69 $209.69 $- $-
TOTAL SFH SOLD 23 23 - -
TOTAL SFH FOR SALE AT END OF PERIOD 26 24 1 1
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.4 3.1 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 101% 0% 0%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 100% 0% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 45% -4% 0% 0%
AVERAGE SOLD PRICE 93% -2% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 40% -6% 0% 0%
TOTAL SFH SOLD 13% 4% 0% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 19% 29% -100% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY 5% 24% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -3% -2% 0% 0%
(Source: MLS/CLAW)
21
CONDOMINIUM SALES DOWNTOWN LOS ANGELES
AUGUST MARKET OVERVIEWIn Downtown L.A. there were 43 condominium sales in August 2015, down from 44 in August 2014 and a 23% increase
from the 35 sales closed last month. The average list price for condo sales in August 2015 was $654,520 compared
to $592,953 for August 2014, representing a 10% increase. For the three-month period from June to August 2015,
the average list price was 10% higher than the same period of the prior year. Average sales price for August 2015 was
$636,895, compared to that of June through August 2015, which was $629,314. These results indicate that the sale price
is trending up. Comparing August 2015 to July 2015, Downtown L.A. saw a 5% increase in average sale price, and a 9%
increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $641,861 $544,939 $1,602,273 $-
AVERAGE LIST PRICE PER SQUARE FOOT $583.35 $527.24 $909.54 $-
AVERAGE SOLD PRICE $629,314 $535,584 $1,558,091 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $571.94 $518.19 $884.46 $-
TOTAL CONDOS SOLD 120 109 11 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 105 83 20 2
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.6 2.3 5.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 97% 0%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $585,836 $540,727 $1,480,500 $-
AVERAGE LIST PRICE PER SQUARE FOOT $554.61 $537.32 $723.25 $-
AVERAGE SOLD PRICE $576,039 $535,008 $1,389,833 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $545.34 $531.63 $678.96 $-
TOTAL CONDOS SOLD 125 119 6 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 119 107 11 1
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.9 2.7 5.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 99% 94% 0%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 10% 1% 8% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 5% -2% 26% 0%
AVERAGE SOLD PRICE 9% 0% 12% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 5% -3% 30% 0%
TOTAL CONDOS SOLD -4% -8% 83% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -12% -22% 82% 100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -8% -15% -1% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% -1% 4% 0%
(Source: MLS/CLAW)
22
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Eagle Rock, a neighborhood of architectural and historic homes, is bordered
by Glendale on the north and west, Highland Park to the southeast, Glassell
Park to the southwest, and Pasadena and South Pasadena on the east. At
certain times of the day on the northern edge of Eagle Rock, an enormous
boulder projects a bird-shaped shadow resembling an eagle in flight, giving
the city its name. Since the 1920s, artists, writers and filmmakers have
moved to the architectural and historic homes of Eagle Rock, with Craftsman,
Georgian, Art Deco and Mission Revival styles.CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
EAGLE ROCK
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $715,345 $670,840 $1,231,600 $-
AVERAGE LIST PRICE PER SQUARE FOOT $446.71 $442.17 $477.70 $-
AVERAGE SOLD PRICE $736,307 $696,351 $1,199,800 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $459.80 $458.99 $465.36 $-
TOTAL SFH SOLD 63 58 5 -
TOTAL SFH FOR SALE AT END OF PERIOD 35 27 8 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.7 1.4 4.8 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 103% 104% 97% 0%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $675,604 $639,532 $1,126,500 $-
AVERAGE LIST PRICE PER SQUARE FOOT $436.40 $446.40 $378.85 $-
AVERAGE SOLD PRICE $686,122 $654,281 $1,084,125 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $443.89 $457.67 $364.60 $-
TOTAL SFH SOLD 54 50 4 -
TOTAL SFH FOR SALE AT END OF PERIOD 36 34 2 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.0 2.0 1.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 102% 96% 0%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 6% 5% 9% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 2% -1% 26% 0%
AVERAGE SOLD PRICE 7% 6% 11% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 4% 0% 28% 0%
TOTAL SFH SOLD 17% 16% 25% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -3% -21% 300% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -17% -32% 220% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 1% 1% 0%
(Source: MLS/CLAW)
23
CONDOMINIUM SALES EAGLE ROCK
AUGUST MARKET OVERVIEWIn Eagle Rock there were 22 single family home sales in August 2015, up from 17 in August 2014 and a similar performance
from the 22 sales closed last month. The average list price for single family home sales in August 2015 was $768,950
compared to $634,818 for August 2014, representing a 21% increase. For the three-month period from June to August
2015, the average list price was 6% higher than the same period of the prior year. Average sales price for August 2015
was $783,568, compared to that of June through August 2015, which was $736,307. These results indicate that the sale
price is trending up. Comparing August 2015 to July 2015, Eagle Rock saw a 18% increase in average sale price, and a 21%
increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $375,000 $375,000 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $390.63 $390.63 $- $-
AVERAGE SOLD PRICE $395,000 $395,000 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $411.46 $411.46 $- $-
TOTAL CONDOS SOLD 1 1 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 105% 105% 0% 0%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $369,000 $369,000 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $239.77 $239.77 $- $-
AVERAGE SOLD PRICE $370,000 $370,000 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $240.42 $240.42 $- $-
TOTAL CONDOS SOLD 1 1 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 0% 0%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 2% 2% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 63% 63% 0% 0%
AVERAGE SOLD PRICE 7% 7% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 71% 71% 0% 0%
TOTAL CONDOS SOLD 0% 0% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 0% 0% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 0% 0% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 5% 5% 0% 0%
(Source: MLS/CLAW)
24
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Hancock Park is a historic neighborhood in Los Angeles, which was developed
in the 1920s by the Hancock family with profits earned from oil drilling. The
residential community is centrally located in the city and is bound by Wilshire
Boulevard, Melrose Avenue, Higland Avenue and Rossmore Avenue. Unusual for
most LA neighborhoods, residences in Hancock Park tend to be set back from
the street, most power and telephone lines are buried, and fences are a rarity. It
is located near both the Wilshire Country Club and the Los Angeles Tennis Club.
Hancock Park continues to be one of the most desirable areas in all of Southern
California to live. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
HANCOCK PARK
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,971,717 $836,806 $1,629,258 $5,225,900
AVERAGE LIST PRICE PER SQUARE FOOT $689.23 $452.16 $655.58 $856.35
AVERAGE SOLD PRICE $1,958,421 $804,197 $1,652,771 $5,088,910
AVERAGE SOLD PRICE PER SQUARE FOOT $684.59 $434.54 $666.52 $833.91
TOTAL SFH SOLD 68 16 42 10
TOTAL SFH FOR SALE AT END OF PERIOD 77 17 51 9
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.4 3.2 3.6 2.7
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 96% 101% 97%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,859,622 $797,349 $1,655,159 $5,623,400
AVERAGE LIST PRICE PER SQUARE FOOT $657.96 $404.79 $658.33 $854.27
AVERAGE SOLD PRICE $1,827,526 $783,556 $1,654,148 $5,391,400
AVERAGE SOLD PRICE PER SQUARE FOOT $646.95 $397.79 $659.17 $819.03
TOTAL SFH SOLD 85 26 49 10
TOTAL SFH FOR SALE AT END OF PERIOD 83 28 47 8
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.9 3.2 2.9 2.4
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 100% 96%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 6% 5% -2% -7%
AVERAGE LIST PRICE PER SQUARE FOOT 5% 12% 0% 0%
AVERAGE SOLD PRICE 7% 3% 0% -6%
AVERAGE SOLD PRICE PER SQUARE FOOT 6% 9% 1% 2%
TOTAL SFH SOLD -20% -38% -14% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -7% -39% 9% 13%
AVERAGE MONTHLY SUPPLY OF INVENTORY 16% -1% 27% 13%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% -2% 2% 2%
(Source: MLS/CLAW)
25
CONDOMINIUM SALES HANCOCK PARK
AUGUST MARKET OVERVIEWIn Hancock Park - Wilshire there were 18 single family home sales in August 2015, down from 33 in August 2014 and a
28% decrease from the 25 sales closed last month. The average list price for single family home sales in August 2015 was
$2,131,777 compared to $1,687,657 for August 2014, representing a 26% increase. For the three-month period from June
to August 2015, the average list price was 6% higher than the same period of the prior year. Average sales price for August
2015 was $2,097,502, compared to that of June through August 2015, which was $1,958,421. These results indicate that
the sale price is trending up. Comparing August 2015 to July 2015, Hancock Park - Wilshire saw a 13% increase in average
sale price, and a 26% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $618,558 $566,600 $1,307,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $461.40 $446.87 $567.46 $-
AVERAGE SOLD PRICE $611,263 $560,321 $1,286,250 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $455.96 $441.91 $558.45 $-
TOTAL CONDOS SOLD 57 53 4 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 45 41 4 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.4 2.3 3.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 98% 0%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $594,057 $567,205 $1,695,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $432.21 $418.47 $786.54 $-
AVERAGE SOLD PRICE $581,366 $553,107 $1,740,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $422.98 $408.07 $807.42 $-
TOTAL CONDOS SOLD 42 41 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 55 51 4 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.9 3.7 12.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 103% 0%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 4% 0% -23% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 7% 7% -28% 0%
AVERAGE SOLD PRICE 5% 1% -26% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 8% 8% -31% 0%
TOTAL CONDOS SOLD 36% 29% 300% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -18% -20% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -40% -38% -75% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 1% -4% 0%
(Source: MLS/CLAW)
26
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Hollywood puts you right in one of the most desirable districts of Los Angeles real
estate. Hollywood’s fame is rooted in its cultural identity, peerless entertainment
industry and historical significance as the origin of American cinema. Hollywood
is consistently the host of major events such as the Academy Awards and is
the paramount tourist attraction with Hollywood Boulevard, the Walk of Fame
and the Hollywood Bowl. From the red carpet to Hollywood’s 130-acre national
park, Runyon Canyon, this vibrant community radiates its authentic prestige.
Hollywood homes and estates are some of the most luxurious in all of California.
CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
HOLLYWOOD
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $942,611 $665,990 $1,449,750 $-
AVERAGE LIST PRICE PER SQUARE FOOT $541.74 $451.00 $646.90 $-
AVERAGE SOLD PRICE $945,849 $679,903 $1,433,417 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $544.24 $461.94 $639.61 $-
TOTAL SFH SOLD 34 22 12 -
TOTAL SFH FOR SALE AT END OF PERIOD 22 17 5 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.9 2.3 1.3 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 102% 99% 0%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $848,200 $692,421 $1,341,500 $-
AVERAGE LIST PRICE PER SQUARE FOOT $529.44 $473.25 $656.90 $-
AVERAGE SOLD PRICE $844,470 $699,005 $1,305,107 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $527.11 $477.75 $639.08 $-
TOTAL SFH SOLD 25 19 6 -
TOTAL SFH FOR SALE AT END OF PERIOD 22 16 6 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.6 2.5 3.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 101% 97% 0%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 11% -4% 8% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 2% -5% -2% 0%
AVERAGE SOLD PRICE 12% -3% 10% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 3% -3% 0% 0%
TOTAL SFH SOLD 36% 16% 100% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 0% 6% -17% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -26% -8% -58% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 1% 2% 0%
(Source: MLS/CLAW)
27
CONDOMINIUM SALES HOLLYWOOD
AUGUST MARKET OVERVIEWIn Hollywood there were 11 single family home sales in August 2015, up from 6 in August 2014 and a 8% decrease from the
12 sales closed last month. The average list price for single family home sales in August 2015 was $1,108,135 compared
to $741,000 for August 2014, representing a 50% increase. For the three-month period from June to August 2015,
the average list price was 11% higher than the same period of the prior year. Average sales price for August 2015 was
$1,117,363, compared to that of June through August 2015, which was $945,849. These results indicate that the sale price
is trending up. Comparing August 2015 to July 2015, Hollywood saw a 35% increase in average sale price, and a 52%
increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $859,388 $587,886 $2,174,750 $3,200,000
AVERAGE LIST PRICE PER SQUARE FOOT $620.46 $492.81 $962.70 $978.59
AVERAGE SOLD PRICE $843,806 $580,593 $2,118,500 $3,115,000
AVERAGE SOLD PRICE PER SQUARE FOOT $609.21 $486.70 $937.80 $952.60
TOTAL CONDOS SOLD 33 28 4 1
TOTAL CONDOS FOR SALE AT END OF PERIOD 24 19 5 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.2 2.0 3.8 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 99% 97% 97%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $712,841 $558,421 $1,208,167 $3,300,000
AVERAGE LIST PRICE PER SQUARE FOOT $568.86 $508.46 $654.48 $1,009.17
AVERAGE SOLD PRICE $701,567 $552,289 $1,197,500 $3,100,000
AVERAGE SOLD PRICE PER SQUARE FOOT $559.87 $502.88 $648.70 $948.01
TOTAL CONDOS SOLD 43 36 6 1
TOTAL CONDOS FOR SALE AT END OF PERIOD 27 21 6 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.9 1.8 3.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 99% 99% 94%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 21% 5% 80% -3%
AVERAGE LIST PRICE PER SQUARE FOOT 9% -3% 47% -3%
AVERAGE SOLD PRICE 20% 5% 77% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 9% -3% 45% 0%
TOTAL CONDOS SOLD -23% -22% -33% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -11% -10% -17% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 16% 16% 25% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% -2% 4%
(Source: MLS/CLAW)
28
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Hollywood Hills real estate means breathtaking homes in a sought-after neighborhood
of Los Angeles. It is located overlooking the city in the southeastern Santa Monica
Mountains. High above the city, the views of Downtown Los Angeles and the Pacific,
and the calm and serenity that can be found there make the Hills a draw for many
celebrities and non-celebrities alike. A number of Hollywood Hills homes can be found
on the Bird Streets above the Sunset Strip, Laurel Canyon and Beachwood Canyon.
Mulholland Drive, famed on its own, can be found along the top of the Hills. Homes
here can range from Mid-Century masterpieces to stunning modern Architectural to
traditional hillside. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
HOLLYWOOD HILLS EAST
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,406,349 $885,345 $1,543,455 $-
AVERAGE LIST PRICE PER SQUARE FOOT $592.72 $452.82 $615.59 $-
AVERAGE SOLD PRICE $1,429,353 $886,800 $1,572,131 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $602.90 $455.36 $627.03 $-
TOTAL SFH SOLD 48 10 38 -
TOTAL SFH FOR SALE AT END OF PERIOD 47 12 32 3
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.9 3.6 2.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 100% 102% 0%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,311,418 $823,977 $1,405,765 $3,497,000
AVERAGE LIST PRICE PER SQUARE FOOT $533.52 $445.84 $522.61 $895.98
AVERAGE SOLD PRICE $1,293,501 $818,821 $1,381,483 $3,472,500
AVERAGE SOLD PRICE PER SQUARE FOOT $526.97 $444.20 $514.27 $889.70
TOTAL SFH SOLD 42 14 26 2
TOTAL SFH FOR SALE AT END OF PERIOD 57 14 42 1
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.1 3.0 4.8 1.5
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 98% 99%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 7% 7% 10% -100%
AVERAGE LIST PRICE PER SQUARE FOOT 11% 2% 18% -100%
AVERAGE SOLD PRICE 11% 8% 14% -100%
AVERAGE SOLD PRICE PER SQUARE FOOT 14% 3% 22% -100%
TOTAL SFH SOLD 14% -29% 46% -100%
TOTAL SFH FOR SALE AT END OF PERIOD -18% -14% -24% 200%
AVERAGE MONTHLY SUPPLY OF INVENTORY -28% 20% -48% -100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 3% 1% 4% -100%
(Source: MLS/CLAW)
29
CONDOMINIUM SALES HOLLYWOOD HILLS EAST
AUGUST MARKET OVERVIEWIn Hollywood Hills East there were 18 single family home sales in August 2015, up from 7 in August 2014 and a 20%
increase from the 15 sales closed last month. The average list price for single family home sales in August 2015 was
$1,328,192 compared to $1,590,611 for August 2014, representing a 16% decrease. For the three-month period from June
to August 2015, the average list price was 7% higher than the same period of the prior year. Average sales price for August
2015 was $1,353,609, compared to that of June through August 2015, which was $1,429,353. These results indicate that
the sale price is trending down. Comparing August 2015 to July 2015, Hollywood Hills East saw a 10% decrease in average
sale price, and a 13% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $504,571 $504,571 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $383.20 $383.20 $- $-
AVERAGE SOLD PRICE $510,429 $510,429 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $387.65 $387.65 $- $-
TOTAL CONDOS SOLD 7 7 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 9 9 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.9 3.9 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 101% 0% 0%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $476,238 $476,238 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $449.55 $449.55 $- $-
AVERAGE SOLD PRICE $471,188 $471,188 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $444.78 $444.78 $- $-
TOTAL CONDOS SOLD 8 8 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 10 9 1 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.8 3.4 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 0% 0%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 6% 6% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT -15% -15% 0% 0%
AVERAGE SOLD PRICE 8% 8% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT -13% -13% 0% 0%
TOTAL CONDOS SOLD -13% -13% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -10% 0% -100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 3% 14% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 2% 2% 0% 0%
(Source: MLS/CLAW)
30
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Richly immersed with history dating back to the nineteenth century, Los
Feliz is located just south of the Santa Monica Mountains and is adjacent to
Hollywood. The area features the Griffith Observatory, the Greek Theatre,
and the Los Angeles Zoo. Los Feliz homes offer a welcoming and cohesive
community recognized for its chic sophistication. Historic and noted
homes can be found throughout Los Feliz, which has an enclave of celebrity
residents. Los Feliz is known for its grand Spanish estates, charming California
bungalows and many original craftsman homes.
CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
LOS FELIZ
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,685,739 $798,000 $1,560,604 $3,937,143
AVERAGE LIST PRICE PER SQUARE FOOT $666.54 $654.21 $618.72 $918.62
AVERAGE SOLD PRICE $1,720,373 $829,155 $1,607,278 $3,882,143
AVERAGE SOLD PRICE PER SQUARE FOOT $678.94 $676.43 $635.02 $906.72
TOTAL SFH SOLD 72 10 55 7
TOTAL SFH FOR SALE AT END OF PERIOD 51 4 39 8
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.1 1.2 2.1 3.4
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 104% 103% 99%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,430,950 $730,462 $1,572,907 $3,511,500
AVERAGE LIST PRICE PER SQUARE FOOT $615.59 $519.13 $605.71 $828.92
AVERAGE SOLD PRICE $1,410,340 $743,143 $1,552,840 $3,310,000
AVERAGE SOLD PRICE PER SQUARE FOOT $606.71 $529.84 $598.09 $781.35
TOTAL SFH SOLD 70 21 45 4
TOTAL SFH FOR SALE AT END OF PERIOD 61 15 41 5
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.6 2.1 2.7 3.8
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 102% 99% 94%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 18% 9% -1% 12%
AVERAGE LIST PRICE PER SQUARE FOOT 8% 26% 2% 11%
AVERAGE SOLD PRICE 22% 12% 4% 17%
AVERAGE SOLD PRICE PER SQUARE FOOT 12% 28% 6% 16%
TOTAL SFH SOLD 3% -52% 22% 75%
TOTAL SFH FOR SALE AT END OF PERIOD -16% -73% -5% 60%
AVERAGE MONTHLY SUPPLY OF INVENTORY -19% -44% -22% -9%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 4% 2% 4% 5%
(Source: MLS/CLAW)
31
CONDOMINIUM SALES LOS FELIZ
AUGUST MARKET OVERVIEWIn Los Feliz there were 28 single family home sales in August 2015, up from 22 in August 2014 and a 33% increase from the
21 sales closed last month. The average list price for single family home sales in August 2015 was $1,776,000 compared
to $1,381,123 for August 2014, representing a 29% increase. For the three-month period from June to August 2015,
the average list price was 18% higher than the same period of the prior year. Average sales price for August 2015 was
$1,781,663, compared to that of June through August 2015, which was $1,720,373. These results indicate that the sale
price is trending up. Comparing August 2015 to July 2015, Los Feliz saw a 13% increase in average sale price, and a 32%
increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $490,414 $490,414 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $455.05 $455.05 $- $-
AVERAGE SOLD PRICE $491,571 $491,571 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $456.12 $456.12 $- $-
TOTAL CONDOS SOLD 7 7 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 6 6 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.6 2.6 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 0% 0%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $474,450 $474,450 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $455.21 $455.21 $- $-
AVERAGE SOLD PRICE $482,545 $482,545 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $462.97 $462.97 $- $-
TOTAL CONDOS SOLD 11 11 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 5 5 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.4 1.4 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 102% 0% 0%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 3% 3% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 0% 0% 0% 0%
AVERAGE SOLD PRICE 2% 2% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT -1% -1% 0% 0%
TOTAL CONDOS SOLD -36% -36% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 20% 20% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 89% 89% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% -1% 0% 0%
(Source: MLS/CLAW)
32
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Few names can evoke visions of beach living and casual elegance as readily as
Malibu, California. Embracing nearly 27 miles of gorgeous California coastline,
Malibu has long been home to some of the most influential people in the world.
The terrain varies widely, and some of Malibu’s famous beaches and surf
spots include Surfrider Beach, Zuma Beach and Le Carrillo Beach. Ocean-side
dining, boutique shops and gorgeous beaches combine to create the unique
lifestyle that exemplifies living in a Malibu home. Sotheby’s International
Realty, Inc provides some breathtaking Malibu properties with oceanfront and
spectacular beach views. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
MALIBU
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $3,507,657 $787,500 $2,228,291 $5,606,806
AVERAGE LIST PRICE PER SQUARE FOOT $973.78 $601.15 $791.09 $1,154.47
AVERAGE SOLD PRICE $3,320,744 $770,000 $2,109,568 $5,304,953
AVERAGE SOLD PRICE PER SQUARE FOOT $911.92 $587.79 $749.07 $1,072.66
TOTAL SFH SOLD 40 2 22 16
TOTAL SFH FOR SALE AT END OF PERIOD 169 3 72 94
AVERAGE MONTHLY SUPPLY OF INVENTORY 12.7 4.5 9.8 17.6
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 95% 98% 95% 95%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,612,336 $872,000 $2,064,855 $5,536,667
AVERAGE LIST PRICE PER SQUARE FOOT $875.48 $521.03 $744.74 $1,242.16
AVERAGE SOLD PRICE $2,504,563 $845,757 $1,979,116 $5,303,539
AVERAGE SOLD PRICE PER SQUARE FOOT $841.49 $512.17 $714.17 $1,194.72
TOTAL SFH SOLD 44 6 29 9
TOTAL SFH FOR SALE AT END OF PERIOD 171 6 80 85
AVERAGE MONTHLY SUPPLY OF INVENTORY 11.7 3.0 8.3 28.3
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 96% 97% 96% 96%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 34% -10% 8% 1%
AVERAGE LIST PRICE PER SQUARE FOOT 11% 15% 6% -7%
AVERAGE SOLD PRICE 33% -9% 7% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 8% 15% 5% -10%
TOTAL SFH SOLD -9% -67% -24% 78%
TOTAL SFH FOR SALE AT END OF PERIOD -1% -50% -10% 11%
AVERAGE MONTHLY SUPPLY OF INVENTORY 9% 50% 19% -38%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% 1% -1% -1%
(Source: MLS/CLAW)
33
CONDOMINIUM SALES MALIBU
AUGUST MARKET OVERVIEWIn Malibu there were 9 single family home sales in August 2015, down from 10 in August 2014 and a 31% decrease
from the 13 sales closed last month. The average list price for single family home sales in August 2015 was $2,789,778
compared to $1,706,380 for August 2014, representing a 63% increase. For the three-month period from June to August
2015, the average list price was 34% higher than the same period of the prior year. Average sales price for August 2015
was $2,697,556, compared to that of June through August 2015, which was $3,320,744. These results indicate that the
sale price is trending down. Comparing August 2015 to July 2015, Malibu saw a 6% decrease in average sale price, but a
62% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $895,127 $644,653 $1,431,857 $-
AVERAGE LIST PRICE PER SQUARE FOOT $594.61 $533.27 $668.82 $-
AVERAGE SOLD PRICE $865,955 $623,900 $1,384,643 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $575.23 $516.10 $646.77 $-
TOTAL CONDOS SOLD 22 15 7 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 23 10 9 4
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.1 2.0 3.9 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 97% 97% 0%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $835,455 $723,889 $1,337,500 $-
AVERAGE LIST PRICE PER SQUARE FOOT $576.57 $562.37 $614.38 $-
AVERAGE SOLD PRICE $806,273 $683,222 $1,360,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $556.43 $530.77 $624.71 $-
TOTAL CONDOS SOLD 11 9 2 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 23 16 7 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 6.3 5.3 10.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 94% 102% 0%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 7% -11% 7% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 3% -5% 9% 0%
AVERAGE SOLD PRICE 7% -9% 2% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 3% -3% 4% 0%
TOTAL CONDOS SOLD 100% 67% 250% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 0% -38% 29% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -50% -63% -63% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 3% -5% 0%
(Source: MLS/CLAW)
34
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Where the majestic Pacific meets golden sands, Malibu Beach is conveniently
located within short drives of Santa Monica, Beverly Hills and Los Angeles
International Airport. The area’s beachfront properties, vineyards and
ranches are the destination for some of the most influential people, seeking
a unique supply of Malibu Beach real estate. Malibu Beach offers the best of
the best, from luxurious beachfront properties on the sand to extraordinary
estates, mansions, vineyards, and ranches on the bluffs overlooking the
Pacific Ocean and lining the hillsides with views of the Channel Islands
offshore. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
MALIBU BEACH
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $6,621,187 $- $2,175,833 $9,288,400
AVERAGE LIST PRICE PER SQUARE FOOT $2,154.87 $- $1,226.74 $2,467.81
AVERAGE SOLD PRICE $6,065,125 $- $2,072,833 $8,460,500
AVERAGE SOLD PRICE PER SQUARE FOOT $1,961.71 $- $1,168.67 $2,229.10
TOTAL SFH SOLD 16 - 6 10
TOTAL SFH FOR SALE AT END OF PERIOD 66 - 9 57
AVERAGE MONTHLY SUPPLY OF INVENTORY 12.4 - 4.5 17.1
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 92% 0% 95% 91%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $6,342,406 $- $2,005,875 $7,787,917
AVERAGE LIST PRICE PER SQUARE FOOT $2,163.58 $- $1,451.17 $2,285.36
AVERAGE SOLD PRICE $6,582,138 $- $1,918,550 $8,136,667
AVERAGE SOLD PRICE PER SQUARE FOOT $2,165.45 $- $1,387.99 $2,298.35
TOTAL SFH SOLD 16 - 4 12
TOTAL SFH FOR SALE AT END OF PERIOD 61 - 12 49
AVERAGE MONTHLY SUPPLY OF INVENTORY 11.4 - 9.0 12.3
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 104% 0% 96% 104%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 4% 0% 8% 19%
AVERAGE LIST PRICE PER SQUARE FOOT 0% 0% -15% 8%
AVERAGE SOLD PRICE -8% 0% 8% 4%
AVERAGE SOLD PRICE PER SQUARE FOOT -9% 0% -16% -3%
TOTAL SFH SOLD 0% 0% 50% -17%
TOTAL SFH FOR SALE AT END OF PERIOD 8% 0% -25% 16%
AVERAGE MONTHLY SUPPLY OF INVENTORY 8% 0% -50% 40%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -12% 0% 0% -13%
(Source: MLS/CLAW)
35
CONDOMINIUM SALES MALIBU BEACH
AUGUST MARKET OVERVIEWIn Malibu Beach there were 5 single family home sales in August 2015, down from 8 in August 2014 and a 25% increase
from the 4 sales closed last month. The average list price for single family home sales in August 2015 was $5,488,000
compared to $7,408,125 for August 2014, representing a 26% decrease. For the three-month period from June to August
2015, the average list price was 4% higher than the same period of the prior year. Average sales price for August 2015 was
$5,241,000, compared to that of June through August 2015, which was $6,065,125. These results indicate that the sale
price is trending down. Comparing August 2015 to July 2015, Malibu Beach saw a 24% decrease in average sale price, and
a 33% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,392,455 $821,600 $1,868,167 $-
AVERAGE LIST PRICE PER SQUARE FOOT $1,180.77 $801.87 $1,428.08 $-
AVERAGE SOLD PRICE $1,321,364 $775,000 $1,776,667 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $1,120.49 $756.39 $1,358.13 $-
TOTAL CONDOS SOLD 11 5 6 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 8 4 2 2
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.2 2.4 1.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 95% 94% 95% 0%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $912,033 $815,440 $1,395,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $861.22 $782.87 $1,217.28 $-
AVERAGE SOLD PRICE $858,783 $773,540 $1,285,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $810.94 $742.65 $1,121.29 $-
TOTAL CONDOS SOLD 6 5 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 21 13 6 2
AVERAGE MONTHLY SUPPLY OF INVENTORY 10.5 7.8 18.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 94% 95% 92% 0%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 53% 1% 34% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 37% 2% 17% 0%
AVERAGE SOLD PRICE 54% 0% 38% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 38% 2% 21% 0%
TOTAL CONDOS SOLD 83% 0% 500% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -62% -69% -67% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -79% -69% -94% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% -1% 3% 0%
(Source: MLS/CLAW)
36
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
With its blue waters and gleaming boats, sitting in the world’s largest manmade small-
craft harbor, Marina del Rey is an oasis of leisure and elegance in sunny Southern
California. Offering relaxing and beautiful views of the Pacific, Marina del Rey is home
to both estates and beach condominiums, and has access to boating, sailing, fishing
and a variety of water sports. Marina Del Rey is conveniently located five miles from
Los Angeles International Airport and just minutes from the San Diego and Marina
freeways. Adjacent to Venice Beach and Santa Monica, Marina Del Rey is also close
to major shopping malls, movie theaters, Hollywood, Beverly Hills and Downtown Los
Angeles. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
MARINA DEL REY
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,745,490 $812,450 $1,690,143 $3,999,000
AVERAGE LIST PRICE PER SQUARE FOOT $831.26 $902.72 $831.30 $805.28
AVERAGE SOLD PRICE $1,699,610 $702,550 $1,684,429 $3,800,000
AVERAGE SOLD PRICE PER SQUARE FOOT $809.42 $780.61 $828.49 $765.20
TOTAL SFH SOLD 10 2 7 1
TOTAL SFH FOR SALE AT END OF PERIOD 14 1 9 4
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.2 1.5 3.9 12.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 86% 100% 95%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,374,000 $825,000 $2,158,000 $3,472,500
AVERAGE LIST PRICE PER SQUARE FOOT $634.25 $854.04 $615.17 $633.21
AVERAGE SOLD PRICE $2,287,667 $830,000 $2,155,000 $3,215,500
AVERAGE SOLD PRICE PER SQUARE FOOT $611.19 $859.21 $614.31 $586.34
TOTAL SFH SOLD 6 1 3 2
TOTAL SFH FOR SALE AT END OF PERIOD 11 2 7 2
AVERAGE MONTHLY SUPPLY OF INVENTORY 5.5 6.0 7.0 3.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 96% 101% 100% 93%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -26% -2% -22% 15%
AVERAGE LIST PRICE PER SQUARE FOOT 31% 6% 35% 27%
AVERAGE SOLD PRICE -26% -15% -22% 18%
AVERAGE SOLD PRICE PER SQUARE FOOT 32% -9% 35% 31%
TOTAL SFH SOLD 67% 100% 133% -50%
TOTAL SFH FOR SALE AT END OF PERIOD 27% -50% 29% 100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -24% -75% -45% 300%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% -14% 0% 3%
(Source: MLS/CLAW)
37
CONDOMINIUM SALES MARINA DEL REY
AUGUST MARKET OVERVIEWIn Marina Del Rey there were 22 condominium sales in August 2015, down from 28 in August 2014 and a 29% decrease
from the 31 sales closed last month. The average list price for condo sales in August 2015 was $1,092,136 compared
to $836,905 for August 2014, representing a 30% increase. For the three-month period from June to August 2015,
the average list price was 10% higher than the same period of the prior year. Average sales price for August 2015 was
$1,079,337, compared to that of June through August 2015, which was $986,549. These results indicate that the sale
price is trending up. Comparing August 2015 to July 2015, Marina Del Rey saw a 14% increase in average sale price, and a
32% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $994,586 $737,817 $1,434,920 $3,595,000
AVERAGE LIST PRICE PER SQUARE FOOT $644.51 $539.16 $775.43 $1,061.72
AVERAGE SOLD PRICE $986,549 $746,584 $1,397,537 $3,430,000
AVERAGE SOLD PRICE PER SQUARE FOOT $639.24 $545.72 $755.23 $1,012.99
TOTAL CONDOS SOLD 79 53 25 1
TOTAL CONDOS FOR SALE AT END OF PERIOD 48 30 18 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.8 1.7 2.2 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 101% 97% 95%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $902,417 $710,060 $1,464,100 $-
AVERAGE LIST PRICE PER SQUARE FOOT $565.27 $467.04 $795.71 $-
AVERAGE SOLD PRICE $880,076 $703,924 $1,394,440 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $551.45 $463.47 $757.85 $-
TOTAL CONDOS SOLD 98 73 25 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 79 48 29 2
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.4 2.0 3.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 99% 95% 0%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 10% 4% -2% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 14% 15% -3% 0%
AVERAGE SOLD PRICE 12% 6% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 16% 18% 0% 0%
TOTAL CONDOS SOLD -19% -27% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -39% -38% -38% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -25% -14% -38% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 2% 2% 2% 0%
(Source: MLS/CLAW)
38
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Mid Los Angeles is a district in Los Angeles, California, known for its
Spanish-style and traditional residences, as well as duplex properties. 2.5
miles south of Hollywood and 3.5 miles west of downtown Los Angeles,
Mid Los Angeles contains Brookside, Crestview, Fremont Place, Lafayette
Square, Little Ethiopia, Picfair Village and Victoria Park. Mid Los Angeles is
a great neighborhood, centrally located, great commercial and recreational
opportunities and close to all.CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
MID LOS ANGELES
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $590,813 $554,562 $1,155,286 $-
AVERAGE LIST PRICE PER SQUARE FOOT $353.45 $354.78 $343.84 $-
AVERAGE SOLD PRICE $592,573 $556,098 $1,160,543 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $354.50 $355.76 $345.40 $-
TOTAL SFH SOLD 116 109 7 -
TOTAL SFH FOR SALE AT END OF PERIOD 68 66 2 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.8 1.8 0.9 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 100% 0%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $508,481 $477,701 $1,093,300 $-
AVERAGE LIST PRICE PER SQUARE FOOT $304.65 $294.35 $429.42 $-
AVERAGE SOLD PRICE $507,731 $475,796 $1,114,500 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $304.20 $293.18 $437.75 $-
TOTAL SFH SOLD 100 95 5 -
TOTAL SFH FOR SALE AT END OF PERIOD 100 91 9 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.0 2.9 5.4 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 102% 0%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 16% 16% 6% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 16% 21% -20% 0%
AVERAGE SOLD PRICE 17% 17% 4% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 17% 21% -21% 0%
TOTAL SFH SOLD 16% 15% 40% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -32% -27% -78% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -41% -37% -84% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 1% -1% 0%
(Source: MLS/CLAW)
39
CONDOMINIUM SALES MID LOS ANGELES
AUGUST MARKET OVERVIEWIn Mid Los Angeles there were 33 single family home sales in August 2015, down from 39 in August 2014 and a 33%
decrease from the 49 sales closed last month. The average list price for single family home sales in August 2015 was
$578,961 compared to $505,261 for August 2014, representing a 15% increase. For the three-month period from June to
August 2015, the average list price was 16% higher than the same period of the prior year. Average sales price for August
2015 was $580,523, compared to that of June through August 2015, which was $592,573. These results indicate that the
sale price is trending down. Comparing August 2015 to July 2015, Mid Los Angeles saw a 3% decrease in average sale
price, but a 15% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $350,500 $350,500 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $300.55 $300.55 $- $-
AVERAGE SOLD PRICE $349,200 $349,200 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $299.43 $299.43 $- $-
TOTAL CONDOS SOLD 5 5 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 2 2 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.2 1.2 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 0% 0%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $310,660 $310,660 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $236.14 $236.14 $- $-
AVERAGE SOLD PRICE $308,600 $308,600 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $234.57 $234.57 $- $-
TOTAL CONDOS SOLD 5 5 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 3 3 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.8 1.8 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 0% 0%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 13% 13% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 27% 27% 0% 0%
AVERAGE SOLD PRICE 13% 13% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 28% 28% 0% 0%
TOTAL CONDOS SOLD 0% 0% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -33% -33% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -33% -33% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
(Source: MLS/CLAW)
40
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Mid Wilshire, also known as Midtown, contains neighborhoods like Hancock
Park, Windsor Square, Carthay Circle and Lafayette Square. Mid Wilshire
offers some of Los Angeles’s most magnificent residential architecture,
primarily in traditional city neighborhood settings. Mid Wilshire contains
Little Ethiopia, Miracle Mile, Park La Brea, Park Mile and Wilshire Vista, all
known for the area’s stunning residential architecture. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
MID WILSHIRE
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $773,033 $756,899 $998,900 $-
AVERAGE LIST PRICE PER SQUARE FOOT $338.99 $328.35 $516.49 $-
AVERAGE SOLD PRICE $797,267 $778,500 $1,060,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $349.62 $337.72 $548.09 $-
TOTAL SFH SOLD 15 14 1 -
TOTAL SFH FOR SALE AT END OF PERIOD 16 11 5 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.2 2.4 15.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 103% 103% 106% 0%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $673,062 $673,062 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $323.53 $323.53 $- $-
AVERAGE SOLD PRICE $667,962 $667,962 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $321.08 $321.08 $- $-
TOTAL SFH SOLD 13 13 - -
TOTAL SFH FOR SALE AT END OF PERIOD 14 11 3 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.2 2.5 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 0% 0%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 15% 12% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 5% 1% 0% 0%
AVERAGE SOLD PRICE 19% 17% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 9% 5% 0% 0%
TOTAL SFH SOLD 15% 8% 0% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 14% 0% 67% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -1% -7% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 4% 4% 0% 0%
(Source: MLS/CLAW)
41
CONDOMINIUM SALES MID WILSHIRE
AUGUST MARKET OVERVIEWIn Mid Wilshire there were 16 condominium sales in August 2015, up from 14 in August 2014 and a 16% decrease from the
19 sales closed last month. The average list price for condo sales in August 2015 was $413,275 compared to $490,343
for August 2014, representing a 16% decrease. For the three-month period from June to August 2015, the average list
price was 4% higher than the same period of the prior year. Average sales price for August 2015 was $413,813, compared
to that of June through August 2015, which was $495,326. These results indicate that the sale price is trending down.
Comparing August 2015 to July 2015, Mid Wilshire saw a 16% decrease in average sale price, and a 18% decrease
compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $499,987 $487,157 $1,180,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $430.02 $422.88 $682.08 $-
AVERAGE SOLD PRICE $495,326 $482,691 $1,165,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $426.01 $419.00 $673.41 $-
TOTAL CONDOS SOLD 54 53 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 46 43 3 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.6 2.4 9.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 99% 0%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $480,216 $443,346 $2,250,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $420.96 $402.45 $745.03 $-
AVERAGE SOLD PRICE $469,969 $440,177 $1,900,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $411.97 $399.57 $629.14 $-
TOTAL CONDOS SOLD 49 48 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 53 52 1 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.2 3.3 3.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 99% 84% 0%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 4% 10% -48% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 2% 5% -8% 0%
AVERAGE SOLD PRICE 5% 10% -39% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 3% 5% 7% 0%
TOTAL CONDOS SOLD 10% 10% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -13% -17% 200% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -21% -25% 200% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 0% 17% 0%
(Source: MLS/CLAW)
42
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Founded in 1909, Mount Washington is located on the eastside of Los Angeles
neighboring Glassell Park, Eagle Rock, Highland Park and Montecito Heights
and its close proximity to both Pasadena and Downtown Los Angeles have
made it popular for homebuyers. It is known for the many 1950s and 1960s
modernist homes that can be found here. Recently the area has become a
more affordable alternative to the more pricey Westside.
CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
MOUNT WASHINGTON
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $681,163 $657,171 $1,125,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $455.44 $469.70 $346.79 $-
AVERAGE SOLD PRICE $715,120 $677,599 $1,409,250 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $476.78 $482.35 $434.42 $-
TOTAL SFH SOLD 39 37 2 -
TOTAL SFH FOR SALE AT END OF PERIOD 29 24 5 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.2 1.9 7.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 105% 103% 125% 0%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $623,819 $601,814 $1,350,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $417.70 $448.42 $210.51 $-
AVERAGE SOLD PRICE $611,003 $588,609 $1,350,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $409.02 $438.46 $210.51 $-
TOTAL SFH SOLD 34 33 1 -
TOTAL SFH FOR SALE AT END OF PERIOD 31 29 2 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.7 2.6 6.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 100% 0%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 9% 9% -17% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 9% 5% 65% 0%
AVERAGE SOLD PRICE 17% 15% 4% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 17% 10% 106% 0%
TOTAL SFH SOLD 15% 12% 100% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -6% -17% 150% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -18% -26% 25% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 7% 5% 25% 0%
(Source: MLS/CLAW)
43
CONDOMINIUM SALES MOUNT WASHINGTON
AUGUST MARKET OVERVIEWIn Mount Washington there were 10 single family home sales in August 2015, which is the same as August 2014 and a
23% decrease from the 13 sales closed last month. The average list price for single family home sales in August 2015 was
$697,950 compared to $577,295 for August 2014, representing a 21% increase. For the three-month period from June to
August 2015, the average list price was 9% higher than the same period of the prior year. Average sales price for August
2015 was $739,750, compared to that of June through August 2015, which was $715,120. These results indicate that the
sale price is trending up. Comparing August 2015 to July 2015, Mount Washington saw a 3% increase in average sale
price, and a 48% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $- $- $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $- $- $- $-
AVERAGE SOLD PRICE $- $- $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $- $- $- $-
TOTAL CONDOS SOLD - - - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $- $- $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $- $- $- $-
AVERAGE SOLD PRICE $- $- $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $- $- $- $-
TOTAL CONDOS SOLD - - - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 0% 0% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 0% 0% 0% 0%
AVERAGE SOLD PRICE 0% 0% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 0% 0% 0% 0%
TOTAL CONDOS SOLD 0% 0% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 0% 0% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 0% 0% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
(Source: MLS/CLAW)
44
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Among Los Angeles’ most desired neighborhoods, Pacific Palisades sits against a
stunning backdrop with views of the Santa Monica mountains, the Pacific Coast,
and several canyons that run between them. Pacific Palisades is home to the well-
known J. Paul Getty Villa museum and beautiful parks offering sporting activities and
breathtaking views including Topanga Canyon State Park, Will Rogers State Historic
Park and Polo Club, and Rustin Canyon Park, as well as community events such as the
annual parade and fireworks display. Pacific Palisades offers sophisticated traditional
estates, dramatic architectural residences, custom-built properties and inviting
homes close to Palisades Village. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
PACIFIC PALISADES
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $3,576,732 $- $2,089,711 $5,385,270
AVERAGE LIST PRICE PER SQUARE FOOT $983.06 $- $893.69 $1,030.75
AVERAGE SOLD PRICE $3,527,012 $- $2,086,308 $5,279,220
AVERAGE SOLD PRICE PER SQUARE FOOT $969.71 $- $892.70 $1,010.81
TOTAL SFH SOLD 82 - 45 37
TOTAL SFH FOR SALE AT END OF PERIOD 78 - 34 44
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.9 - 2.3 3.6
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 0% 100% 98%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $3,143,906 $- $2,162,036 $4,944,000
AVERAGE LIST PRICE PER SQUARE FOOT $924.88 $- $882.28 $961.31
AVERAGE SOLD PRICE $3,075,723 $- $2,152,917 $4,767,532
AVERAGE SOLD PRICE PER SQUARE FOOT $903.66 $- $874.94 $928.22
TOTAL SFH SOLD 102 - 66 36
TOTAL SFH FOR SALE AT END OF PERIOD 69 - 30 39
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.0 - 1.4 3.3
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 0% 100% 96%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 14% 0% -3% 9%
AVERAGE LIST PRICE PER SQUARE FOOT 6% 0% 1% 7%
AVERAGE SOLD PRICE 15% 0% -3% 11%
AVERAGE SOLD PRICE PER SQUARE FOOT 7% 0% 2% 9%
TOTAL SFH SOLD -20% 0% -32% 3%
TOTAL SFH FOR SALE AT END OF PERIOD 13% 0% 13% 13%
AVERAGE MONTHLY SUPPLY OF INVENTORY 41% 0% 66% 10%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 0% 0% 2%
(Source: MLS/CLAW)
45
CONDOMINIUM SALES PACIFIC PALISADES
AUGUST MARKET OVERVIEWIn Pacific Palisades there were 23 single family home sales in August 2015, which is the same as August 2014 and a 15%
decrease from the 27 sales closed last month. The average list price for single family home sales in August 2015 was
$3,752,087 compared to $2,581,478 for August 2014, representing a 45% increase. For the three-month period from
June to August 2015, the average list price was 14% higher than the same period of the prior year. Average sales price
for August 2015 was $3,625,515, compared to that of June through August 2015, which was $3,527,012. These results
indicate that the sale price is trending up. Comparing August 2015 to July 2015, Pacific Palisades saw a 7% decrease in
average sale price, but a 43% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,033,300 $843,167 $1,318,500 $-
AVERAGE LIST PRICE PER SQUARE FOOT $604.36 $574.36 $636.23 $-
AVERAGE SOLD PRICE $1,025,945 $821,388 $1,332,781 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $600.06 $559.53 $643.12 $-
TOTAL CONDOS SOLD 20 12 8 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 18 14 4 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.7 3.5 1.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 97% 101% 0%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $889,304 $821,750 $1,339,667 $-
AVERAGE LIST PRICE PER SQUARE FOOT $503.26 $487.27 $581.28 $-
AVERAGE SOLD PRICE $873,998 $805,773 $1,328,833 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $494.60 $477.79 $576.58 $-
TOTAL CONDOS SOLD 23 20 3 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 17 15 2 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.2 2.3 2.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 99% 0%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 16% 3% -2% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 20% 18% 9% 0%
AVERAGE SOLD PRICE 17% 2% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 21% 17% 12% 0%
TOTAL CONDOS SOLD -13% -40% 167% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 6% -7% 100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 22% 56% -25% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% -1% 2% 0%
(Source: MLS/CLAW)
46
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Adjacent to Culver City and minutes from the ocean and UCLA is the community
of Palms – Mar Vista. Named after its magnificent views of the ocean along its hilly
border near Santa Monica, Palms – Mar Vista is one of the oldest communities
in Los Angeles and one of the least dense in all of West Los Angeles. Palms – Mar
Vista is full of homes built during the 1920s and 1930s as well as an abundance of
wonderfully preserved mid-century modern architecture. Those seeking 1920s
homes, 1930s homes and mid-century modern architecture can also enjoy the
area’s Mar Vista Park, covering an entire city block with a new recreation center
and roller hockey rink. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
PALMS - MAR VISTA
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,264,285 $830,088 $1,413,657 $3,195,000
AVERAGE LIST PRICE PER SQUARE FOOT $707.71 $671.07 $714.66 $798.75
AVERAGE SOLD PRICE $1,287,538 $865,302 $1,434,783 $3,000,000
AVERAGE SOLD PRICE PER SQUARE FOOT $720.59 $699.53 $725.14 $750.00
TOTAL SFH SOLD 117 33 83 1
TOTAL SFH FOR SALE AT END OF PERIOD 27 7 20 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 0.7 0.6 0.7 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 104% 101% 94%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,115,887 $819,987 $1,473,721 $-
AVERAGE LIST PRICE PER SQUARE FOOT $659.69 $650.72 $666.30 $-
AVERAGE SOLD PRICE $1,133,689 $833,888 $1,496,240 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $671.39 $661.76 $678.50 $-
TOTAL SFH SOLD 95 52 43 -
TOTAL SFH FOR SALE AT END OF PERIOD 59 20 39 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.9 1.2 2.7 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 102% 102% 0%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 13% 1% -4% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 7% 3% 7% 0%
AVERAGE SOLD PRICE 14% 4% -4% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 7% 6% 7% 0%
TOTAL SFH SOLD 23% -37% 93% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -54% -65% -49% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -63% -45% -73% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 3% 0% 0%
(Source: MLS/CLAW)
47
CONDOMINIUM SALES PALMS - MAR VISTA
AUGUST MARKET OVERVIEWIn Palms - Mar Vista there were 34 single family home sales in August 2015, up from 26 in August 2014 and a 23%
decrease from the 44 sales closed last month. The average list price for single family home sales in August 2015 was
$1,321,103 compared to $1,094,077 for August 2014, representing a 21% increase. For the three-month period from
June to August 2015, the average list price was 13% higher than the same period of the prior year. Average sales price
for August 2015 was $1,349,445, compared to that of June through August 2015, which was $1,287,538. These results
indicate that the sale price is trending up. Comparing August 2015 to July 2015, Palms - Mar Vista saw a 2% increase in
average sale price, and a 22% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $508,005 $508,005 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $546.03 $546.03 $- $-
AVERAGE SOLD PRICE $513,400 $513,400 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $551.83 $551.83 $- $-
TOTAL CONDOS SOLD 39 39 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 8 8 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 0.6 0.6 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 101% 0% 0%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $595,193 $577,199 $1,189,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $475.15 $469.60 $586.00 $-
AVERAGE SOLD PRICE $582,246 $565,981 $1,119,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $464.81 $460.48 $551.50 $-
TOTAL CONDOS SOLD 34 33 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 34 34 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.0 3.1 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 94% 0%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -15% -12% -100% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 15% 16% -100% 0%
AVERAGE SOLD PRICE -12% -9% -100% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 19% 20% -100% 0%
TOTAL CONDOS SOLD 15% 18% -100% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -76% -76% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -79% -80% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 3% 3% -100% 0%
(Source: MLS/CLAW)
48
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Playa Del Rey is a bedroom community along the beach, south and adjacent
to the Marina Del Rey harbor channel. Its early history dates back to a land
grant in 1839 from the Mexican governor. Today Playa Del Rey real estate
includes a mix of 1920’s homes, beach cottages from the 1940’s and
multi-million dollar elegant new houses. Only 10 minutes from Los Angeles
International Airport, Playa Del Rey also is home to Dockweiler Beach Park, a
popular short term camping area for recreational vehicles.CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
PLAYA DEL REY
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,880,143 $899,000 $1,702,400 $3,750,000
AVERAGE LIST PRICE PER SQUARE FOOT $675.30 $1,208.33 $738.38 $519.61
AVERAGE SOLD PRICE $1,832,143 $955,000 $1,684,000 $3,450,000
AVERAGE SOLD PRICE PER SQUARE FOOT $658.06 $1,283.60 $730.40 $478.04
TOTAL SFH SOLD 7 1 5 1
TOTAL SFH FOR SALE AT END OF PERIOD 8 - 8 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.4 - 4.8 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 106% 99% 92%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,240,222 $922,750 $1,494,200 $-
AVERAGE LIST PRICE PER SQUARE FOOT $718.65 $619.09 $780.67 $-
AVERAGE SOLD PRICE $1,244,556 $920,500 $1,503,800 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $721.16 $617.58 $785.68 $-
TOTAL SFH SOLD 9 4 5 -
TOTAL SFH FOR SALE AT END OF PERIOD 18 1 14 3
AVERAGE MONTHLY SUPPLY OF INVENTORY 6.0 0.8 8.4 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 101% 0%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 52% -3% 14% 0%
AVERAGE LIST PRICE PER SQUARE FOOT -6% 95% -5% 0%
AVERAGE SOLD PRICE 47% 4% 12% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT -9% 108% -7% 0%
TOTAL SFH SOLD -22% -75% 0% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -56% -100% -43% -100%
AVERAGE MONTHLY SUPPLY OF INVENTORY -43% -100% -43% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -3% 6% -2% 0%
(Source: MLS/CLAW)
49
CONDOMINIUM SALES PLAYA DEL REY
AUGUST MARKET OVERVIEWIn Playa Del Rey there were 11 condominium sales in August 2015, which is the same as August 2014 and a 15% decrease
from the 13 sales closed last month. The average list price for condo sales in August 2015 was $534,982 compared
to $499,255 for August 2014, representing a 7% increase. For the three-month period from June to August 2015, the
average list price was 17% higher than the same period of the prior year. Average sales price for August 2015 was
$538,827, compared to that of June through August 2015, which was $594,825. These results indicate that the sale price
is trending down. Comparing August 2015 to July 2015, Playa Del Rey saw a 13% decrease in average sale price, but a 8%
increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $594,108 $536,455 $1,228,300 $-
AVERAGE LIST PRICE PER SQUARE FOOT $529.13 $497.01 $767.37 $-
AVERAGE SOLD PRICE $594,825 $542,567 $1,169,667 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $529.77 $502.67 $730.74 $-
TOTAL CONDOS SOLD 36 33 3 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 11 7 4 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 0.9 0.6 4.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 101% 95% 0%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $508,909 $491,551 $1,290,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $426.18 $417.09 $680.38 $-
AVERAGE SOLD PRICE $508,403 $488,034 $1,425,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $425.75 $414.10 $751.58 $-
TOTAL CONDOS SOLD 46 45 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 24 23 1 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.6 1.5 3.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 99% 110% 0%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 17% 9% -5% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 24% 19% 13% 0%
AVERAGE SOLD PRICE 17% 11% -18% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 24% 21% -3% 0%
TOTAL CONDOS SOLD -22% -27% 200% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -54% -70% 300% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -41% -58% 33% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 2% -14% 0%
(Source: MLS/CLAW)
50
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Playa Vista, bordered by Marina Del Rey, Loyola Marymount University and
Westchester, was recognized in1998 as one of the most technologically
advanced communities ever planned and has led the nation as an early model for
sustainable development. With a range of properties from luxury to affordable,
Playa Vista features an array of parks, recreational amenities and a wildlife
preserve. Playa Vista is a fully connected community with complete broadband
and telecommunications capabilities and is home to gaming giants Electronic
Arts and the architectural firm of Frank Gehry. The area features a mix of luxury
and affordable housing. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
PLAYA VISTA
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,671,817 $- $1,671,817 $-
AVERAGE LIST PRICE PER SQUARE FOOT $593.05 $- $593.05 $-
AVERAGE SOLD PRICE $1,646,667 $- $1,646,667 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $584.13 $- $584.13 $-
TOTAL SFH SOLD 6 - 6 -
TOTAL SFH FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 0% 98% 0%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,163,375 $829,000 $1,211,143 $-
AVERAGE LIST PRICE PER SQUARE FOOT $487.56 $549.01 $482.28 $-
AVERAGE SOLD PRICE $1,153,875 $829,000 $1,200,286 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $483.58 $549.01 $477.96 $-
TOTAL SFH SOLD 8 1 7 -
TOTAL SFH FOR SALE AT END OF PERIOD 4 - 4 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.5 - 1.7 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 100% 99% 0%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 44% -100% 38% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 22% -100% 23% 0%
AVERAGE SOLD PRICE 43% -100% 37% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 21% -100% 22% 0%
TOTAL SFH SOLD -25% -100% -14% 0%
TOTAL SFH FOR SALE AT END OF PERIOD -100% 0% -100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -100% 0% -100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% -100% -1% 0%
(Source: MLS/CLAW)
51
CONDOMINIUM SALES PLAYA VISTA
AUGUST MARKET OVERVIEWIn Playa Vista there were 4 condominium sales in August 2015, down from 13 in August 2014 and a 50% decrease from the
8 sales closed last month. The average list price for condo sales in August 2015 was $1,078,000 compared to $710,308
for August 2014, representing a 52% increase. For the three-month period from June to August 2015, the average list
price was 12% higher than the same period of the prior year. Average sales price for August 2015 was $1,138,500,
compared to that of June through August 2015, which was $829,820. These results indicate that the sale price is trending
up. Comparing August 2015 to July 2015, Playa Vista saw a 43% increase in average sale price, and a 62% increase
compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $808,960 $746,409 $1,267,667 $-
AVERAGE LIST PRICE PER SQUARE FOOT $521.94 $534.66 $473.30 $-
AVERAGE SOLD PRICE $829,820 $761,205 $1,333,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $535.40 $545.26 $497.70 $-
TOTAL CONDOS SOLD 25 22 3 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 5 5 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 0.6 0.7 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 103% 102% 105% 0%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $723,484 $723,484 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $454.23 $454.23 $- $-
AVERAGE SOLD PRICE $716,081 $716,081 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $449.58 $449.58 $- $-
TOTAL CONDOS SOLD 31 31 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 23 19 4 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.2 1.8 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 0% 0%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 12% 3% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 15% 18% 0% 0%
AVERAGE SOLD PRICE 16% 6% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 19% 21% 0% 0%
TOTAL CONDOS SOLD -19% -29% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -78% -74% -100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -73% -63% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 4% 3% 0% 0%
(Source: MLS/CLAW)
52
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Santa Monica offers more than simply a home. There are fishing and yacht
clubs and exquisite fine dining right in your own backyard. Santa Monica is
located on the Westside of Los Angeles and is comprised of 8.3 square miles
of vibrant commercial districts, neighboring residential communities and a
terrific public school system. Centered on three miles of wide, white, sandy
beaches, Santa Monica has become a popular international destination, with
many attractions such as The Santa Monica pier, Third Street Promenade,
Main Street, and the ultra chic Montana Avenue.
CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SANTA MONICA
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,790,123 $825,000 $1,766,173 $4,761,929
AVERAGE LIST PRICE PER SQUARE FOOT $1,142.02 $719.90 $1,008.80 $1,264.13
AVERAGE SOLD PRICE $2,745,145 $906,000 $1,795,102 $4,575,196
AVERAGE SOLD PRICE PER SQUARE FOOT $1,121.39 $790.58 $1,025.45 $1,209.64
TOTAL SFH SOLD 81 1 52 28
TOTAL SFH FOR SALE AT END OF PERIOD 51 1 20 30
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.9 3.0 1.2 3.2
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 110% 102% 96%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,254,767 $908,000 $1,643,435 $3,978,667
AVERAGE LIST PRICE PER SQUARE FOOT $931.78 $845.83 $887.97 $993.20
AVERAGE SOLD PRICE $2,238,818 $910,000 $1,660,899 $3,884,399
AVERAGE SOLD PRICE PER SQUARE FOOT $931.63 $847.69 $897.40 $981.16
TOTAL SFH SOLD 73 6 46 21
TOTAL SFH FOR SALE AT END OF PERIOD 42 1 21 20
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.7 0.5 1.4 2.9
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 100% 101% 98%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 24% -9% 7% 20%
AVERAGE LIST PRICE PER SQUARE FOOT 23% -15% 14% 27%
AVERAGE SOLD PRICE 23% 0% 8% 18%
AVERAGE SOLD PRICE PER SQUARE FOOT 20% -7% 14% 23%
TOTAL SFH SOLD 11% -83% 13% 33%
TOTAL SFH FOR SALE AT END OF PERIOD 21% 0% -5% 50%
AVERAGE MONTHLY SUPPLY OF INVENTORY 9% 500% -16% 13%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% 10% 1% -2%
(Source: MLS/CLAW)
53
CONDOMINIUM SALES SANTA MONICA
AUGUST MARKET OVERVIEWIn Santa Monica there were 48 condominium sales in August 2015, down from 56 in August 2014 and a 14% increase from
the 42 sales closed last month. The average list price for condo sales in August 2015 was $1,380,558 almost matching
$1,330,480 for August 2014. For the three-month period from June to August 2015, the average list price was 8% lower
than the same period of the prior year. Average sales price for August 2015 was $1,317,178, compared to that of June
through August 2015, which was $1,175,100. These results indicate that the sale price is trending up. Comparing August
2015 to July 2015, Santa Monica saw a 20% increase in average sale price, but a 2% decrease compared to same month
of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,193,047 $720,100 $1,558,212 $7,587,500
AVERAGE LIST PRICE PER SQUARE FOOT $870.02 $682.11 $912.09 $2,961.55
AVERAGE SOLD PRICE $1,175,100 $732,952 $1,541,203 $6,337,500
AVERAGE SOLD PRICE PER SQUARE FOOT $856.30 $694.12 $901.34 $2,473.65
TOTAL CONDOS SOLD 146 78 66 2
TOTAL CONDOS FOR SALE AT END OF PERIOD 72 15 52 5
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.5 0.6 2.4 7.5
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 102% 99% 84%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,297,419 $702,900 $1,668,341 $5,691,000
AVERAGE LIST PRICE PER SQUARE FOOT $923.84 $610.79 $1,059.41 $1,851.45
AVERAGE SOLD PRICE $1,299,744 $712,482 $1,676,116 $5,502,000
AVERAGE SOLD PRICE PER SQUARE FOOT $925.27 $619.12 $1,063.93 $1,789.97
TOTAL CONDOS SOLD 154 80 69 5
TOTAL CONDOS FOR SALE AT END OF PERIOD 113 48 55 10
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.2 1.8 2.4 6.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 101% 100% 97%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -8% 2% -7% 33%
AVERAGE LIST PRICE PER SQUARE FOOT -6% 12% -14% 60%
AVERAGE SOLD PRICE -10% 3% -8% 15%
AVERAGE SOLD PRICE PER SQUARE FOOT -7% 12% -15% 38%
TOTAL CONDOS SOLD -5% -3% -4% -60%
TOTAL CONDOS FOR SALE AT END OF PERIOD -36% -69% -5% -50%
AVERAGE MONTHLY SUPPLY OF INVENTORY -33% -68% -1% 25%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -2% 0% -2% -14%
(Source: MLS/CLAW)
54
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
The hilly neighborhood of Silverlake can be found east of Hollywood and northwest
of Downtown Los Angeles. Silverlake is the home of its namesake reservoir and its
reputable music scene. The community is both socioeconomically and ethnically
diverse bringing it tremendous character. Echo Park is one of Los Angeles’ most
long-established neighborhoods, finding its origin in the late 1880’s. Its rolling
hills and steep bluffs enrich this prime location featuring Craftsman-style homes,
Spanish-style bungalows, and modern architecture. This Eastside enclave is the
home to the annual Lotus Festival, the Cuban Festival, and historic Filipinotown as
well as many famous residents. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SILVERLAKE - ECHO PARK
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $836,315 $679,626 $1,306,383 $-
AVERAGE LIST PRICE PER SQUARE FOOT $592.36 $562.87 $643.87 $-
AVERAGE SOLD PRICE $865,046 $708,447 $1,334,844 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $612.28 $586.17 $657.90 $-
TOTAL SFH SOLD 72 54 18 -
TOTAL SFH FOR SALE AT END OF PERIOD 71 50 21 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.0 2.8 3.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 103% 104% 102% 0%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $839,450 $646,400 $1,295,750 $-
AVERAGE LIST PRICE PER SQUARE FOOT $538.23 $536.49 $540.19 $-
AVERAGE SOLD PRICE $869,455 $658,383 $1,368,350 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $557.96 $546.88 $570.46 $-
TOTAL SFH SOLD 74 52 22 -
TOTAL SFH FOR SALE AT END OF PERIOD 62 45 17 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.5 2.6 2.3 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 104% 102% 106% 0%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 0% 5% 1% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 10% 5% 19% 0%
AVERAGE SOLD PRICE -1% 8% -2% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 10% 7% 15% 0%
TOTAL SFH SOLD -3% 4% -18% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 15% 11% 24% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 18% 7% 51% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 2% -3% 0%
(Source: MLS/CLAW)
55
CONDOMINIUM SALES SILVERLAKE - ECHO PARK
AUGUST MARKET OVERVIEWIn Silver Lake - Echo Park there were 24 single family home sales in August 2015, up from 17 in August 2014 and a 14%
decrease from the 28 sales closed last month. The average list price for single family home sales in August 2015 was
$887,316 compared to $739,529 for August 2014, representing a 20% increase. For the three-month period from June to
August 2015, the average list price was flat compared to the same period of the prior year. Average sales price for August
2015 was $909,034, compared to that of June through August 2015, which was $865,046. These results indicate that the
sale price is trending up. Comparing August 2015 to July 2015, Silver Lake - Echo Park saw a 8% increase in average sale
price, and a 18% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $664,569 $637,207 $1,075,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $484.25 $475.20 $577.96 $-
AVERAGE SOLD PRICE $680,169 $653,180 $1,085,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $495.84 $487.39 $583.33 $-
TOTAL CONDOS SOLD 16 15 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 7 6 1 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.3 1.2 3.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 103% 101% 0%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $546,625 $546,625 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $431.84 $431.84 $- $-
AVERAGE SOLD PRICE $552,496 $552,496 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $436.48 $436.48 $- $-
TOTAL CONDOS SOLD 16 16 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 2 2 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 0.4 0.4 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 101% 0% 0%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 22% 17% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 12% 10% 0% 0%
AVERAGE SOLD PRICE 23% 18% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 14% 12% 0% 0%
TOTAL CONDOS SOLD 0% -6% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 250% 200% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 250% 220% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 1% 0% 0%
(Source: MLS/CLAW)
56
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
The Sunset Strip is the world famous stretch of Sunset Boulevard in West
Hollwood that stretches from Hollywood to Beverly Hills. The Strip, which
includes Sunset Plaza, is known for its famous collection of shops and
boutiques, cafes and restaurants, rock joints, and night clubs. It is easily
idenifiable with its colorful collection of billboards and is located at the base of
the Hollywood Hills and is just below the famed “Bird Streets” – from Blue Jay,
Tanager and Thrush Ways to Nightingale, and Kinglet Drives - a favorite area of
A-List celebrities from Hollywood stars to the most well known international
music acts to call home. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SUNSET STRIP-HOLLYWOOD HILLS
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,387,803 $826,496 $1,853,260 $7,389,526
AVERAGE LIST PRICE PER SQUARE FOOT $931.78 $641.37 $740.67 $1,734.15
AVERAGE SOLD PRICE $2,300,889 $820,486 $1,838,891 $6,816,842
AVERAGE SOLD PRICE PER SQUARE FOOT $899.41 $636.71 $735.24 $1,595.52
TOTAL SFH SOLD 143 28 96 19
TOTAL SFH FOR SALE AT END OF PERIOD 186 19 89 78
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.9 2.0 2.8 12.3
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 96% 99% 99% 92%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,144,647 $838,120 $1,821,732 $4,759,540
AVERAGE LIST PRICE PER SQUARE FOOT $810.69 $551.08 $696.53 $1,254.79
AVERAGE SOLD PRICE $2,065,463 $822,942 $1,764,816 $4,529,684
AVERAGE SOLD PRICE PER SQUARE FOOT $779.73 $541.10 $673.43 $1,191.61
TOTAL SFH SOLD 124 25 77 22
TOTAL SFH FOR SALE AT END OF PERIOD 178 18 98 62
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.3 2.2 3.8 8.5
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 96% 98% 97% 95%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 11% -1% 2% 55%
AVERAGE LIST PRICE PER SQUARE FOOT 15% 16% 6% 38%
AVERAGE SOLD PRICE 11% 0% 4% 50%
AVERAGE SOLD PRICE PER SQUARE FOOT 15% 18% 9% 34%
TOTAL SFH SOLD 15% 12% 25% -14%
TOTAL SFH FOR SALE AT END OF PERIOD 4% 6% -9% 26%
AVERAGE MONTHLY SUPPLY OF INVENTORY -9% -6% -27% 46%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 1% 2% -3%
(Source: MLS/CLAW)
57
CONDOMINIUM SALES SUNSET STRIP - HOLLYWOOD HILLS
AUGUST MARKET OVERVIEWIn Sunset Strip - Hollywood Hills West there were 50 single family home sales in August 2015, up from 34 in August 2014
and a 39% increase from the 36 sales closed last month. The average list price for single family home sales in August
2015 was $2,075,357 almost matching $2,143,926 for August 2014. For the three-month period from June to August
2015, the average list price was 11% higher than the same period of the prior year. Average sales price for August 2015
was $2,027,673, compared to that of June through August 2015, which was $2,300,889. These results indicate that the
sale price is trending down. Comparing August 2015 to July 2015, Sunset Strip - Hollywood Hills West saw a 7% decrease
in average sale price, and a 2% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $525,298 $500,510 $1,145,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $482.96 $474.34 $602.63 $-
AVERAGE SOLD PRICE $522,365 $498,260 $1,125,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $480.27 $472.21 $592.11 $-
TOTAL CONDOS SOLD 26 25 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 22 16 4 2
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.5 1.9 12.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 100% 98% 0%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $561,104 $469,223 $2,950,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $522.12 $446.70 $1,730.21 $-
AVERAGE SOLD PRICE $547,352 $460,327 $2,810,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $509.32 $438.23 $1,648.09 $-
TOTAL CONDOS SOLD 27 26 1 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 25 23 2 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.8 2.7 6.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 98% 95% 0%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -6% 7% -61% 0%
AVERAGE LIST PRICE PER SQUARE FOOT -7% 6% -65% 0%
AVERAGE SOLD PRICE -5% 8% -60% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT -6% 8% -64% 0%
TOTAL CONDOS SOLD -4% -4% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -12% -30% 100% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -9% -28% 100% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 2% 1% 3% 0%
(Source: MLS/CLAW)
58
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Located in the Santa Monica Mountains, Topanga is bound on three sides by
state park or conservancy lands and on the south by a strip of Malibu and
the Pacific Ocean. Located to the east is Pacific Palisades. In Topanga, the
area is primarily zoned for commercial usage and home to many established
businesses. There is one small street off the Pacific Coast Highway that is
lined with single family homes.CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
TOPANGA
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,092,567 $676,000 $1,443,538 $3,195,000
AVERAGE LIST PRICE PER SQUARE FOOT $502.40 $359.44 $658.55 $480.16
AVERAGE SOLD PRICE $1,058,617 $641,156 $1,408,077 $3,195,000
AVERAGE SOLD PRICE PER SQUARE FOOT $486.79 $340.92 $642.37 $480.16
TOTAL SFH SOLD 30 16 13 1
TOTAL SFH FOR SALE AT END OF PERIOD 48 21 22 5
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.8 3.9 5.1 15.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 95% 98% 100%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,305,290 $795,615 $1,673,389 $-
AVERAGE LIST PRICE PER SQUARE FOOT $558.76 $463.42 $601.24 $-
AVERAGE SOLD PRICE $1,276,371 $772,385 $1,640,361 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $546.38 $449.89 $589.37 $-
TOTAL SFH SOLD 31 13 18 -
TOTAL SFH FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 97% 98% 0%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -16% -15% -14% 0%
AVERAGE LIST PRICE PER SQUARE FOOT -10% -22% 10% 0%
AVERAGE SOLD PRICE -17% -17% -14% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT -11% -24% 9% 0%
TOTAL SFH SOLD -3% 23% -28% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 0% 0% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 0% 0% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -1% -2% 0% 0%
(Source: MLS/CLAW)
59
CONDOMINIUM SALES TOPANGA
AUGUST MARKET OVERVIEWIn Topanga there were 6 single family home sales in August 2015, down from 10 in August 2014 and a 54% decrease
from the 13 sales closed last month. The average list price for single family home sales in August 2015 was $1,008,333
compared to $1,388,800 for August 2014, representing a 27% decrease. For the three-month period from June to August
2015, the average list price was 16% lower than the same period of the prior year. Average sales price for August 2015 was
$971,417, compared to that of June through August 2015, which was $1,058,617. These results indicate that the sale price
is trending down. Comparing August 2015 to July 2015, Topanga saw a 17% decrease in average sale price, and a 28%
decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $- $- $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $- $- $- $-
AVERAGE SOLD PRICE $- $- $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $- $- $- $-
TOTAL CONDOS SOLD - - - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $- $- $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $- $- $- $-
AVERAGE SOLD PRICE $- $- $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $- $- $- $-
TOTAL CONDOS SOLD - - - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 0% 0% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 0% 0% 0% 0%
AVERAGE SOLD PRICE 0% 0% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 0% 0% 0% 0%
TOTAL CONDOS SOLD 0% 0% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 0% 0% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 0% 0% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% 0% 0%
(Source: MLS/CLAW)
60
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Venice is a beachfront district on the Westside of Los Angeles, California,
known for its bungalows, cottages, condos and oceanfront properties. A
short walk from some of the finest and trendiest beachside restaurants and
bars in Los Angeles, Venice offers surfing, kayaking, boating, biking, boogie
boarding and outdoor summer concerts. The famous Venice Beach Strip and
Muscle Beach are a short walk away. With its variety of bungalows, cottages,
condos and oceanfront listings, Venice is an ideal retreat for family, friends
or couples, for work or play, and is one of Los Angeles’s most sought-after
neighborhoods. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
VENICE
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,916,478 $- $1,916,478 $-
AVERAGE LIST PRICE PER SQUARE FOOT $1,000.05 $- $1,000.05 $-
AVERAGE SOLD PRICE $1,931,852 $- $1,931,852 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $1,008.34 $- $1,008.34 $-
TOTAL SFH SOLD 47 - 47 -
TOTAL SFH FOR SALE AT END OF PERIOD 44 2 28 14
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.8 - 1.8 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 0% 101% 0%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,777,725 $953,000 $1,771,066 $4,445,000
AVERAGE LIST PRICE PER SQUARE FOOT $1,018.29 $911.53 $998.86 $1,439.68
AVERAGE SOLD PRICE $1,783,823 $936,333 $1,785,160 $4,287,500
AVERAGE SOLD PRICE PER SQUARE FOOT $1,021.65 $895.58 $1,006.82 $1,388.66
TOTAL SFH SOLD 66 6 58 2
TOTAL SFH FOR SALE AT END OF PERIOD 36 3 28 5
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.6 1.5 1.4 7.5
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 98% 101% 96%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 8% -100% 8% -100%
AVERAGE LIST PRICE PER SQUARE FOOT -2% -100% 0% -100%
AVERAGE SOLD PRICE 8% -100% 8% -100%
AVERAGE SOLD PRICE PER SQUARE FOOT -1% -100% 0% -100%
TOTAL SFH SOLD -29% -100% -19% -100%
TOTAL SFH FOR SALE AT END OF PERIOD 22% -33% 0% 180%
AVERAGE MONTHLY SUPPLY OF INVENTORY 72% -100% 23% -100%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% -100% 0% -100%
(Source: MLS/CLAW)
61
CONDOMINIUM SALES VENICE
AUGUST MARKET OVERVIEWIn Venice there were 9 single family home sales in August 2015, down from 15 in August 2014 and a 44% decrease
from the 16 sales closed last month. The average list price for single family home sales in August 2015 was $1,801,000
compared to $2,085,530 for August 2014, representing a 14% decrease. For the three-month period from June to August
2015, the average list price was 8% higher than the same period of the prior year. Average sales price for August 2015 was
$1,885,903, compared to that of June through August 2015, which was $1,931,852. These results indicate that the sale
price is trending down. Comparing August 2015 to July 2015, Venice saw a 2% decrease in average sale price, and a 11%
decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,530,222 $- $1,530,222 $-
AVERAGE LIST PRICE PER SQUARE FOOT $677.76 $- $677.76 $-
AVERAGE SOLD PRICE $1,502,444 $- $1,502,444 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $665.45 $- $665.45 $-
TOTAL CONDOS SOLD 9 - 9 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 18 2 15 1
AVERAGE MONTHLY SUPPLY OF INVENTORY 6.0 - 5.0 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 0% 98% 0%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,190,531 $663,000 $1,348,790 $-
AVERAGE LIST PRICE PER SQUARE FOOT $786.35 $814.16 $782.41 $-
AVERAGE SOLD PRICE $1,196,886 $685,338 $1,350,350 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $790.55 $841.59 $783.31 $-
TOTAL CONDOS SOLD 13 3 10 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 22 7 15 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 5.1 7.0 4.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 103% 100% 0%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 29% -100% 13% 0%
AVERAGE LIST PRICE PER SQUARE FOOT -14% -100% -13% 0%
AVERAGE SOLD PRICE 26% -100% 11% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT -16% -100% -15% 0%
TOTAL CONDOS SOLD -31% -100% -10% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -18% -71% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 18% -100% 11% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -2% -100% -2% 0%
(Source: MLS/CLAW)
62
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Westchester is a neighborhood in the city of Los Angeles known for its
secluded character and recent real estate growth. The main part of
Westchester is flanked by Playa Vista and Culver City on the north, Inglewood
and Lennox on the east, Del Aire and El Segundo on the south and Playa del
Rey on the west. It includes all of the Los Angeles International Airport and is
the home of Loyola Marymount University, the Otis College of Art and Design,
and Westchester Enriched Sciences Magnet Schools.CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
WESTCHESTER
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,047,118 $820,696 $1,354,821 $-
AVERAGE LIST PRICE PER SQUARE FOOT $577.51 $563.09 $589.64 $-
AVERAGE SOLD PRICE $1,072,385 $848,481 $1,376,664 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $591.82 $583.12 $599.15 $-
TOTAL SFH SOLD 92 53 39 -
TOTAL SFH FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 102% 103% 102% 0%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $869,080 $778,271 $1,383,667 $-
AVERAGE LIST PRICE PER SQUARE FOOT $509.87 $522.86 $472.83 $-
AVERAGE SOLD PRICE $872,733 $779,933 $1,398,600 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $511.94 $523.86 $477.94 $-
TOTAL SFH SOLD 100 85 15 -
TOTAL SFH FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 101% 0%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 20% 5% -2% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 13% 8% 25% 0%
AVERAGE SOLD PRICE 23% 9% -2% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 16% 11% 25% 0%
TOTAL SFH SOLD -8% -38% 160% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 0% 0% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 0% 0% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 2% 3% 1% 0%
(Source: MLS/CLAW)
63
CONDOMINIUM SALES WESTCHESTER
AUGUST MARKET OVERVIEWIn Westchester there were 25 single family home sales in August 2015, down from 36 in August 2014 and a 17% decrease
from the 30 sales closed last month. The average list price for single family home sales in August 2015 was $1,074,360
compared to $937,206 for August 2014, representing a 15% increase. For the three-month period from June to August
2015, the average list price was 20% higher than the same period of the prior year. Average sales price for August 2015
was $1,092,860, compared to that of June through August 2015, which was $1,072,385. These results indicate that the
sale price is trending up. Comparing August 2015 to July 2015, Westchester saw a 10% increase in average sale price, and
a 17% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $496,500 $496,500 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $376.92 $376.92 $- $-
AVERAGE SOLD PRICE $502,750 $502,750 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $381.67 $381.67 $- $-
TOTAL CONDOS SOLD 12 12 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 4 4 - -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.0 1.0 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 101% 0% 0%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $396,379 $396,379 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $353.91 $353.91 $- $-
AVERAGE SOLD PRICE $396,080 $396,080 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $353.64 $353.64 $- $-
TOTAL CONDOS SOLD 10 10 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD - - - -
AVERAGE MONTHLY SUPPLY OF INVENTORY - - - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 0% 0%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 25% 25% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 7% 7% 0% 0%
AVERAGE SOLD PRICE 27% 27% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 8% 8% 0% 0%
TOTAL CONDOS SOLD 20% 20% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD 0% 0% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 0% 0% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 1% 0% 0%
(Source: MLS/CLAW)
64
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
West Hollywood is a thriving, diverse community on the leading edge of
culture, entertainment, and design - and is home to the internationally
reknown Pacific Design Center. Minutes away is the Hollywood Bowl, The
Greek Theatre, and The Getty Center. The uniquely compact city boasts the
Sunset Strip, Santa Monica Boulevard, Robertson, and Melrose; truly Los
Angeles’ Mecca for fashion, fine dining, unparalleled nightlife, and the world-
renowned entertainment industry. Incorporated in 1984, West Hollywood
has been instrumental since its start in achieving cultural, environmental,
and political breakthroughs. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
WEST HOLLYWOOD
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,379,268 $838,250 $1,414,048 $3,895,000
AVERAGE LIST PRICE PER SQUARE FOOT $860.47 $827.36 $867.69 $858.88
AVERAGE SOLD PRICE $1,383,061 $838,000 $1,428,463 $3,700,000
AVERAGE SOLD PRICE PER SQUARE FOOT $862.04 $827.11 $876.65 $815.88
TOTAL SFH SOLD 28 6 21 1
TOTAL SFH FOR SALE AT END OF PERIOD 30 6 21 3
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.2 3.0 3.0 9.0
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 101% 95%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,254,409 $846,500 $1,519,550 $-
AVERAGE LIST PRICE PER SQUARE FOOT $801.40 $790.50 $805.12 $-
AVERAGE SOLD PRICE $1,238,920 $843,731 $1,495,794 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $790.02 $786.12 $791.35 $-
TOTAL SFH SOLD 33 13 20 -
TOTAL SFH FOR SALE AT END OF PERIOD 28 4 19 5
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.5 0.9 2.9 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 100% 98% 0%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 10% -1% -7% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 7% 5% 8% 0%
AVERAGE SOLD PRICE 12% -1% -5% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 9% 5% 11% 0%
TOTAL SFH SOLD -15% -54% 5% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 7% 50% 11% -40%
AVERAGE MONTHLY SUPPLY OF INVENTORY 26% 225% 5% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 2% 0% 3% 0%
(Source: MLS/CLAW)
65
CONDOMINIUM SALES WEST HOLLYWOOD
AUGUST MARKET OVERVIEWIn West Hollywood Vicinity there were 36 condominium sales in August 2015, up from 30 in August 2014 and a 16%
increase from the 31 sales closed last month. The average list price for condo sales in August 2015 was $800,804
compared to $715,692 for August 2014, representing a 12% increase. For the three-month period from June to August
2015, the average list price was 9% higher than the same period of the prior year. Average sales price for August 2015 was
$789,802, compared to that of June through August 2015, which was $720,168. These results indicate that the sale price
is trending up. Comparing August 2015 to July 2015, West Hollywood Vicinity saw a 7% increase in average sale price, and
a 12% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $730,222 $600,787 $1,384,211 $-
AVERAGE LIST PRICE PER SQUARE FOOT $604.90 $564.46 $711.87 $-
AVERAGE SOLD PRICE $720,168 $595,566 $1,349,737 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $596.10 $559.04 $694.14 $-
TOTAL CONDOS SOLD 115 96 19 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 60 45 13 2
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.6 1.4 2.1 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 98% 0%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $672,773 $593,018 $1,277,583 $-
AVERAGE LIST PRICE PER SQUARE FOOT $533.63 $508.76 $641.06 $-
AVERAGE SOLD PRICE $666,813 $588,041 $1,264,167 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $528.92 $504.53 $634.33 $-
TOTAL CONDOS SOLD 103 91 12 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 84 70 14 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.4 2.3 3.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 99% 99% 99% 0%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 9% 1% 8% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 13% 11% 11% 0%
AVERAGE SOLD PRICE 8% 1% 7% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 13% 11% 9% 0%
TOTAL CONDOS SOLD 12% 5% 58% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -29% -36% -7% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -36% -39% -41% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 0% 0% -1% 0%
(Source: MLS/CLAW)
66
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Surrounded by Santa Monica, Beverly Hills, the ocean and the Santa Monica
Mountains is the city of West Los Angeles, known for its 1920s, mid-century
and contemporary architecture. With its rolling hills and proximity to the ocean,
West Los Angeles was originally developed as an upscale community and is
still considered one of the most desirable areas to live in Los Angeles today.
With its central location between Los Angeles and the ocean, West Los Angeles
has attracted a diverse range of commercial development to add to its 1920s
through mid-century and contemporary architecture. The area is home to some
of the world’s finest shopping. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
WEST LOS ANGELES
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $997,934 $826,646 $1,356,082 $-
AVERAGE LIST PRICE PER SQUARE FOOT $646.17 $678.78 $610.25 $-
AVERAGE SOLD PRICE $1,006,758 $847,034 $1,340,727 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $652.88 $697.87 $603.34 $-
TOTAL SFH SOLD 34 23 11 -
TOTAL SFH FOR SALE AT END OF PERIOD 19 9 10 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.7 1.2 2.7 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 102% 99% 0%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $945,675 $815,118 $1,232,900 $-
AVERAGE LIST PRICE PER SQUARE FOOT $589.65 $598.24 $578.15 $-
AVERAGE SOLD PRICE $971,147 $833,941 $1,273,000 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $605.66 $612.16 $596.95 $-
TOTAL SFH SOLD 32 22 10 -
TOTAL SFH FOR SALE AT END OF PERIOD 17 8 9 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.6 1.1 2.7 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 103% 102% 103% 0%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 6% 1% 10% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 10% 13% 6% 0%
AVERAGE SOLD PRICE 4% 2% 5% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 8% 14% 1% 0%
TOTAL SFH SOLD 6% 5% 10% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 12% 13% 11% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY 5% 8% 1% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO -2% 0% -4% 0%
(Source: MLS/CLAW)
67
CONDOMINIUM SALES WEST LOS ANGELES
AUGUST MARKET OVERVIEWIn West Los Angeles there were 13 condominium sales in August 2015, down from 17 in August 2014 and a 7% decrease
from the 14 sales closed last month. The average list price for condo sales in August 2015 was $850,608 compared
to $623,500 for August 2014, representing a 36% increase. For the three-month period from June to August 2015,
the average list price was 25% higher than the same period of the prior year. Average sales price for August 2015 was
$847,211, compared to that of June through August 2015, which was $782,195. These results indicate that the sale price is
trending up. Comparing August 2015 to July 2015, West Los Angeles saw a 16% increase in average sale price, and a 37%
increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $774,372 $695,544 $1,405,000 $-
AVERAGE LIST PRICE PER SQUARE FOOT $504.55 $495.88 $542.09 $-
AVERAGE SOLD PRICE $782,195 $706,491 $1,387,833 $-
AVERAGE SOLD PRICE PER SQUARE FOOT $509.65 $503.68 $535.46 $-
TOTAL CONDOS SOLD 54 48 6 -
TOTAL CONDOS FOR SALE AT END OF PERIOD 19 18 1 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.1 1.1 0.5 -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 101% 102% 99% 0%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $621,933 $621,933 $- $-
AVERAGE LIST PRICE PER SQUARE FOOT $459.70 $459.70 $- $-
AVERAGE SOLD PRICE $624,474 $624,474 $- $-
AVERAGE SOLD PRICE PER SQUARE FOOT $461.58 $461.58 $- $-
TOTAL CONDOS SOLD 55 55 - -
TOTAL CONDOS FOR SALE AT END OF PERIOD 37 36 1 -
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.0 2.0 - -
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 100% 0% 0%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE 25% 12% 0% 0%
AVERAGE LIST PRICE PER SQUARE FOOT 10% 8% 0% 0%
AVERAGE SOLD PRICE 25% 13% 0% 0%
AVERAGE SOLD PRICE PER SQUARE FOOT 10% 9% 0% 0%
TOTAL CONDOS SOLD -2% -13% 0% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -49% -50% 0% 0%
AVERAGE MONTHLY SUPPLY OF INVENTORY -48% -43% 0% 0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 1% 1% 0% 0%
(Source: MLS/CLAW)
68
SINGLE FAMILY HOME SALES
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles
Westwood is a neighborhood in the northern central portion of the Westside
of Los Angeles, California, known for its condos, townhomes, California
bungalows and single-family homes. Westwood is the home of the University
of California, Los Angeles (UCLA), and is also a center for movie-going on
the Westside and the site of many movie premieres. Century City is a 176-
acre commercial and residential district on the Westside of the city of Los
Angeles. Century City is also an important business center. Many law firms
and executives, particularly those with ties to the film, television and music
industries, have offices there. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
WESTWOOD - CENTURY CITY
SINGLE FAMILY HOMES (SFH)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,027,873 $999,000 $1,545,767 $4,506,750
AVERAGE LIST PRICE PER SQUARE FOOT $834.07 $665.56 $780.93 $942.10
AVERAGE SOLD PRICE $2,084,902 $875,000 $1,589,414 $4,651,648
AVERAGE SOLD PRICE PER SQUARE FOOT $858.78 $582.94 $804.92 $972.39
TOTAL SFH SOLD 48 1 39 8
TOTAL SFH FOR SALE AT END OF PERIOD 34 - 23 11
AVERAGE MONTHLY SUPPLY OF INVENTORY 2.1 - 1.8 4.1
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 103% 88% 103% 103%
SFHJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $2,114,500 $- $1,782,391 $4,024,125
AVERAGE LIST PRICE PER SQUARE FOOT $795.50 $- $744.59 $960.07
AVERAGE SOLD PRICE $2,112,861 $- $1,784,026 $4,003,661
AVERAGE SOLD PRICE PER SQUARE FOOT $795.39 $- $745.96 $955.19
TOTAL SFH SOLD 54 - 46 8
TOTAL SFH FOR SALE AT END OF PERIOD 22 - 15 7
AVERAGE MONTHLY SUPPLY OF INVENTORY 1.2 - 1.0 2.6
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 100% 0% 100% 99%
SFHAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -4% 0% -13% 12%
AVERAGE LIST PRICE PER SQUARE FOOT 5% 0% 5% -2%
AVERAGE SOLD PRICE -1% 0% -11% 16%
AVERAGE SOLD PRICE PER SQUARE FOOT 8% 0% 8% 2%
TOTAL SFH SOLD -11% 0% -15% 0%
TOTAL SFH FOR SALE AT END OF PERIOD 55% 0% 53% 57%
AVERAGE MONTHLY SUPPLY OF INVENTORY 74% 0% 81% 57%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 3% 0% 3% 4%
(Source: MLS/CLAW)
69
CONDOMINIUM SALES WESTWOOD - CENTURY CITY
AUGUST MARKET OVERVIEWIn Westwood - Century City there were 56 condominium sales in August 2015, up from 47 in August 2014 and a 6%
increase from the 53 sales closed last month. The average list price for condo sales in August 2015 was $984,487
compared to $898,132 for August 2014, representing a 10% increase. For the three-month period from June to August
2015, the average list price was 10% lower than the same period of the prior year. Average sales price for August 2015
was $971,290, compared to that of June through August 2015, which was $1,009,495. These results indicate that the sale
price is trending down. Comparing August 2015 to July 2015, Westwood - Century City saw a 7% decrease in average sale
price, but a 12% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS)JUN - AUG 2015 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,027,149 $702,531 $1,534,706 $5,007,857
AVERAGE LIST PRICE PER SQUARE FOOT $628.49 $515.87 $677.13 $1,241.02
AVERAGE SOLD PRICE $1,009,495 $701,502 $1,479,716 $4,841,429
AVERAGE SOLD PRICE PER SQUARE FOOT $617.86 $515.18 $653.27 $1,199.77
TOTAL CONDOS SOLD 180 139 34 7
TOTAL CONDOS FOR SALE AT END OF PERIOD 187 80 78 29
AVERAGE MONTHLY SUPPLY OF INVENTORY 3.1 1.7 6.9 12.4
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 98% 100% 96% 97%
CONDOSJUN - AUG 2014 ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE $1,145,429 $670,904 $1,839,965 $5,088,286
AVERAGE LIST PRICE PER SQUARE FOOT $685.96 $497.83 $790.46 $1,455.94
AVERAGE SOLD PRICE $1,106,975 $661,221 $1,716,663 $5,006,143
AVERAGE SOLD PRICE PER SQUARE FOOT $662.93 $490.65 $737.49 $1,432.43
TOTAL CONDOS SOLD 144 105 32 7
TOTAL CONDOS FOR SALE AT END OF PERIOD 195 110 61 24
AVERAGE MONTHLY SUPPLY OF INVENTORY 4.1 3.1 5.7 10.3
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 97% 99% 93% 98%
CONDOSAUG/AUG COMPARISON ALL < $1M $1M - $3M > $3M
AVERAGE LIST PRICE -10% 5% -17% -2%
AVERAGE LIST PRICE PER SQUARE FOOT -8% 4% -14% -15%
AVERAGE SOLD PRICE -9% 6% -14% -3%
AVERAGE SOLD PRICE PER SQUARE FOOT -7% 5% -11% -16%
TOTAL CONDOS SOLD 25% 32% 6% 0%
TOTAL CONDOS FOR SALE AT END OF PERIOD -4% -27% 28% 21%
AVERAGE MONTHLY SUPPLY OF INVENTORY -23% -45% 20% 21%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO 2% 1% 3% -2%
(Source: MLS/CLAW)