Los Angeles - Westside

RodeoMarketReports.com

Local Market Report

At Rodeo Realty, we believe education is the key to helping clients make the best possible decisions about buying and selling homes. Our Local Market Reports provide comprehensive analyses of real estate trends in specific communities, versus quoting national, state, and/or county statistics. The fact is market conditions can vary greatly from neighborhood to neighborhood, and sometimes from one block to the next.

Bel Air - Holmby Hills

Beverly Center - Miracle Mile

Beverly Hills

Beverly Hills P.O.

Beverlywood

Brentwood

Cheviot Hills - Rancho Park

Culver City

Hancock Park - Wilshire

Hollywood

Hollywood Hills East

Los Feliz

Malibu

Malibu Beach

Table of Contents

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

2

3

4

5

6

7

8

9

10

11

12

13

14

15

Marina del Rey

Mid Los Angeles

Mid Wilshire

Pacific Palisades

Palms - Mar Vista

Playa Vista

Santa Monica

Silverlake - Echo Park

Sunset Strip - Hollywood Hills West

Venice

West Hollywood

West Los Angeles

Westwood - Century City

16

17

18

19

20

21

22

23

24

25

26

27

28

Bel Air-Holmby Hills

Oct 2011 Oct 2012 %Change

Median Price $1,273,453 $2,645,550 108

Properties Sold 11 10 -9

Sales Volume $32,755,453 $35,640,100 9

Properties Pending Sale 17 19 12

Properties For Sale 171 133 -22

Average Days on Market 96 81 -16

Month’s Supply of Inventory 8 6 -31

Percent Under Contract 9.9 14.3 44

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

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

Beverly Center - Miracle Mile

Oct 2011 Oct 2012 %Change

Median Price $878,125 $1,027,500 17

Properties Sold 12 16 33

Sales Volume $11,651,250 $20,176,780 73

Properties Pending Sale 13 16 23

Properties For Sale 84 51 -39

Average Days on Market 48 52 8

Month’s Supply of Inventory 5 2 -58

Percent Under Contract 15.5 31.4 103

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

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

Beverly Hills

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

Oct 2011 Oct 2012 %Change

Median Price $2,522,500 $2,870,000 14

Properties Sold 16 25 56

Sales Volume $51,941,000 $77,481,500 49

Properties Pending Sale 17 24 41

Properties For Sale 142 118 -17

Average Days on Market 134 64 -52

Month’s Supply of Inventory 7 3 -50

Percent Under Contract 12 20.3 70

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

Beverly Hills P.O.

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

Oct 2011 Oct 2012 %Change

Median Price $1,475,000 $2,450,000 66

Properties Sold 11 17 55

Sales Volume $41,721,000 $62,990,000 51

Properties Pending Sale 11 12 9

Properties For Sale 182 120 -34

Average Days on Market 125 55 -56

Month’s Supply of Inventory 14 8 -47

Percent Under Contract 6 10 65

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

Beverlywood

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

Oct 2011 Oct 2012 %Change

Median Price $760,000 $595,000 -22

Properties Sold 15 13 -13

Sales Volume $12,067,000 $6,996,000 -42

Properties Pending Sale 20 17 -15

Properties For Sale 99 55 -44

Average Days on Market 59 65 10

Month’s Supply of Inventory 3 2 -42

Percent Under Contract 20.2 30.9 53

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

Brentwood

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

Oct 2011 Oct 2012 %Change

Median Price $1,700,000 $1,501,000 -12

Properties Sold 17 19 12

Sales Volume $37,788,750 $30,867,400 -18

Properties Pending Sale 14 35 150

Properties For Sale 158 127 -20

Average Days on Market 72 60 -17

Month’s Supply of Inventory 9 2 -74

Percent Under Contract 8.9 27.6 211

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

Cheviot Hills - Rancho Park

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

Oct 2011 Oct 2012 %Change

Median Price $1,444,600 $1,425,000 -1

Properties Sold 8 5 -38

Sales Volume $10,959,200 $6,640,430 -39

Properties Pending Sale 8 8 0

Properties For Sale 35 17 -51

Average Days on Market 52 69 33

Month’s Supply of Inventory 3 1 -77

Percent Under Contract 22.9 47.1 106

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

Culver City

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

Oct 2011 Oct 2012 %Change

Median Price $677,500 $702,500 4

Properties Sold 12 18 50

Sales Volume $7,824,250 $11,563,150 48

Properties Pending Sale 14 24 71

Properties For Sale 77 60 -22

Average Days on Market 76 66 -13

Month’s Supply of Inventory 4 1 -68

Percent Under Contract 18.2 40 120

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

Hancock Park - Wilshire

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

Oct 2011 Oct 2012 %Change

Median Price $790,000 $1,145,625 45

Properties Sold 14 21 50

Sales Volume $12,960,000 $24,219,360 87

Properties Pending Sale 19 24 26

Properties For Sale 159 86 -46

Average Days on Market 68 132 94

Month’s Supply of Inventory 7 2 -67

Percent Under Contract 11.9 27.9 134

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

Hollywood

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

Oct 2011 Oct 2012 %Change

Median Price $408,250 $724,500 77

Properties Sold 6 4 -33

Sales Volume $2,169,000 $2,974,000 37

Properties Pending Sale 3 3 0

Properties For Sale 44 15 -66

Average Days on Market 39 78 100

Month’s Supply of Inventory 12 4 -70

Percent Under Contract 6.8 20 193

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

Hollywood Hills East

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

Oct 2011 Oct 2012 %Change

Median Price $682,500 $835,000 22

Properties Sold 6 19 217

Sales Volume $3,986,000 $17,043,000 328

Properties Pending Sale 12 17 42

Properties For Sale 113 81 -28

Average Days on Market 58 89 53

Month’s Supply of Inventory 7 3 -59

Percent Under Contract 10.6 21 98

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

Los Feliz

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

Oct 2011 Oct 2012 %Change

Median Price $821,500 $816,750 -1

Properties Sold 14 22 57

Sales Volume $10,489,500 $16,628,500 59

Properties Pending Sale 23 19 -17

Properties For Sale 146 90 -38

Average Days on Market 56 79 41

Month’s Supply of Inventory 5 3 -24

Percent Under Contract 15.8 21.1 34

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

Malibu

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

Oct 2011 Oct 2012 %Change

Median Price $2,112,500 $1,616,775 -23

Properties Sold 8 12 50

Sales Volume $17,993,000 $21,060,050 17

Properties Pending Sale 12 27 125

Properties For Sale 277 183 -34

Average Days on Market 201 121 -40

Month’s Supply of Inventory 20 5 -74

Percent Under Contract 4.3 14.8 241

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

Malibu Beach

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

Oct 2011 Oct 2012 %Change

Median Price $12,000,000 $5,975,000 -50

Properties Sold 1 4 300

Sales Volume $12,000,000 $22,500,000 88

Properties Pending Sale 3 6 100

Properties For Sale 115 84 -27

Average Days on Market 104 133 28

Month’s Supply of Inventory 34 12 -66

Percent Under Contract 2.6 7.1 174

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

Marina del Rey

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

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

Oct 2011 Oct 2012 %Change

Median Price $949,000 $1,240,000 31

Properties Sold 3 3 0

Sales Volume $3,364,000 $4,180,000 24

Properties Pending Sale 3 3 0

Properties For Sale 36 14 -61

Average Days on Market 113 115 2

Month’s Supply of Inventory 7 4 -49

Percent Under Contract 8.3 21.4 157

Mid Los Angeles

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

Oct 2011 Oct 2012 %Change

Median Price $250,000 $300,000 20

Properties Sold 15 25 67

Sales Volume $2,543,000 $4,093,900 61

Properties Pending Sale 36 48 33

Properties For Sale 258 170 -34

Average Days on Market 76 73 -4

Month’s Supply of Inventory 6 2 -63

Percent Under Contract 14 28.2 102

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

Mid Wilshire

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

Oct 2011 Oct 2012 %Change

Median Price $427,000 $430,000 1

Properties Sold 5 2 -60

Sales Volume $1,744,720 $860,000 -51

Properties Pending Sale 2 9 350

Properties For Sale 37 27 -27

Average Days on Market 14 111 693

Month’s Supply of Inventory 16 1 -91

Percent Under Contract 5.4 33.3 517

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

Pacific Palisades

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

Oct 2011 Oct 2012 %Change

Median Price $2,021,000 $2,400,000 19

Properties Sold 18 21 17

Sales Volume $52,798,875 $61,448,490 16

Properties Pending Sale 22 24 9

Properties For Sale 173 126 -27

Average Days on Market 81 89 10

Month’s Supply of Inventory 6 3 -45

Percent Under Contract 12.7 19 50

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

Palms - Mar Vista

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

Oct 2011 Oct 2012 %Change

Median Price $672,500 $780,000 16

Properties Sold 20 31 55

Sales Volume $13,402,500 $21,888,920 63

Properties Pending Sale 18 38 111

Properties For Sale 132 76 -42

Average Days on Market 43 33 -23

Month’s Supply of Inventory 5 1 -85

Percent Under Contract 13.6 50 267

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

Playa Vista

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

Oct 2011 Oct 2012 %Change

Median Price $1,060,000 $911,500 -14

Properties Sold 2 1 -50

Sales Volume $940,000 $911,500 -3

Properties Pending Sale 1 1 0

Properties For Sale 4 2 -50

Average Days on Market 171 78 -54

Month’s Supply of Inventory 2 1 -50

Percent Under Contract 25 50 100

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

Santa Monica

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

Oct 2011 Oct 2012 %Change

Median Price $1,950,000 $1,868,000 -4

Properties Sold 7 18 157

Sales Volume $15,619,000 $35,795,000 129

Properties Pending Sale 18 35 94

Properties For Sale 131 101 -23

Average Days on Market 44 47 7

Month’s Supply of Inventory 5 1 -74

Percent Under Contract 13.7 34.7 152

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

Silverlake - Echo Park

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

Oct 2011 Oct 2012 %Change

Median Price $611,250 $607,500 -1

Properties Sold 16 18 13

Sales Volume $9,654,550 $9,819,000 2

Properties Pending Sale 23 32 39

Properties For Sale 151 91 -40

Average Days on Market 40 35 -13

Month’s Supply of Inventory 5 2 -66

Percent Under Contract 15.2 35.2 131

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

Sunset Strip - Hollywood Hills West

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

Oct 2011 Oct 2012 %Change

Median Price $1,000,000 $1,400,000 40

Properties Sold 19 34 79

Sales Volume $24,152,000 $59,273,810 145

Properties Pending Sale 22 46 109

Properties For Sale 319 274 -14

Average Days on Market 61 48 -21

Month’s Supply of Inventory 12 4 -66

Percent Under Contract 6.9 16.8 143

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

Venice

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

Oct 2011 Oct 2012 %Change

Median Price $1,135,000 $1,200,000 6

Properties Sold 15 19 27

Sales Volume $17,813,000 $27,727,175 56

Properties Pending Sale 13 22 69

Properties For Sale 106 73 -31

Average Days on Market 82 50 -39

Month’s Supply of Inventory 6 2 -67

Percent Under Contract 12.3 30.1 146

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

West Hollywood

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

Oct 2011 Oct 2012 %Change

Median Price $870,000 $1,367,600 57

Properties Sold 8 6 -25

Sales Volume $7,719,000 $9,190,200 19

Properties Pending Sale 11 10 -9

Properties For Sale 79 33 -58

Average Days on Market 93 30 -68

Month’s Supply of Inventory 5 2 -58

Percent Under Contract 13.9 30.3 118

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

West Los Angeles

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

Oct 2011 Oct 2012 %Change

Median Price $875,500 $700,000 -20

Properties Sold 2 10 400

Sales Volume $1,751,000 $4,089,000 134

Properties Pending Sale 2 7 250

Properties For Sale 39 37 -5

Average Days on Market 206 33 -84

Month’s Supply of Inventory 17 3 -82

Percent Under Contract 5.1 18.9 269

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

Westwood - Century City

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

Oct 2011 Oct 2012 %Change

Median Price $1,239,000 $1,610,000 30

Properties Sold 11 21 91

Sales Volume $15,557,800 $34,591,675 122

Properties Pending Sale 11 20 82

Properties For Sale 77 48 -38

Average Days on Market 53 54 2

Month’s Supply of Inventory 6 1 -78

Percent Under Contract 14.3 41.7 192

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

RODEO REALTY MARKETING DEPARTMENT