MARKET WITHIN MARKET REPORT BY VICTOR KAMINOFF APRIL 2012
$2,686,194 $ % $1,060,000 $ % -60.5% 77.5% 7.1% -29.4% -34.6% -8.7% -5.2% 8.0% BEL AIR – HOMBLY HILLS SFR Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR APR % CHANGE
$980,000 $ % $891,500 $ % -9.0% -13.7% 20.0% 36.4% -33.0% -14.4% -59.7% 103.6% BEVERLY CENTER – MIRACLE MILE SFR Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR APR % CHANGE
$3,450,000 $1, % $4,675,000 $ % 35.5% -10.9% -26.7% -15.4% -13.6% -43.9% -1.5% -2.0% BEVERLY HILLS SFR Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR APR % CHANGE
$3,350,000 $ % $2,050,000 $ % -38.8% -14.6% 54.5% 137.5% -25.8% -43.9% -72.9% 220.2% BEVERLY HILLS P.O. SFR Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR APR % CHANGE
$2,195,000 $ % $1,565,000 $ % -28.7% -8.3% 0.0% 29.4% -9.7% 31.4% -36.3% 43.3% BRENTWOOD SFR Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR APR % CHANGE
$940,000 $ % $912,500 $ % -29.0% -5.0% -4.3% 21.1% -28.4% 46.0% -50.8% 69.0% HANCOCK PARK-WILSHIRE SFR Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR APR % CHANGE
$782,500 $ % $1,205,000 $ % 54.0% 32.1% -30.0% 66.7% -35.2% -44.1% -65.7% 157.1% HOLLYWOOD HILLS EAST SFR Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR APR % CHANGE
$735,000 $ % $1,050,000 $ % 42.9% 0.8% -26.7% 109.1% -20.6% -44.1% -73.8% 163.4% LOS FELIZ SFR Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR APR % CHANGE
$1,512,500 $ % $1,355,000 $ % -10.4% -10.7% -10.0% 100.0% -23.5% -52.1% -66.1% 161.4% MALIBU SFR Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR APR % CHANGE
$1,600,000 $1, % $6,749,500 $2, % 321.8% 77.5% 700.0% 350.0% -18.2% -1.9% -84.4% 450.0% MALIBU BEACH SFR Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR APR % CHANGE
$605,000 $ % $605,000 $ % 0.0% -7.3% 20.0% 100.0% -29.7% 50.6% -70.4% 184.5% MARINA DEL REY CONDO Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR APR % CHANGE
$1,845,000 $ % $2,650,000 $ % 43.6% 3.5% -9.5% 20.0% -26.0% -18.8% -45.5% 62.2% PACIFIC PALISADES SFR Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR APR % CHANGE
$1,400,000 $ % $1,725,000 $ % 23.32% 23.5% -16.0% 72.7% -13.0% -75.7% -59.4% 98.6% SANTA MONICA SFR Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR APR % CHANGE
$1,421,000 $ % $1,394,000 $ % -1.9% -4.6% 23.1% 6.9% -15.3% -37.9% -29.1% 26.2% SUNSET STRIP – HOLLYWOOD HILLS WEST SFR Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR APR % CHANGE
$448,698 $ % $440,000 $ % -1.9% -54.0% -66.7% 0.0% -35.3% 17.9% -51.1% 54.5% SUNSET STRIP – HOLLYWOOD HILLS WEST CONDO Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR APR % CHANGE
$740,000 $ % $945,000 $ % 27.7% 40.6% 0.0% 23.1% -26.4% -26.1% -47.7% 67.2% VENICE SFR Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR APR % CHANGE
$965,000 $ % $1,042,500 $ % 8.0% 7.3% -60.0% -33.3% -41.7% 232.0% -16.0% 14.3% VENICE CONDO Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR APR % CHANGE
$1,175,000 $ % $761,000 $ % -35.2% -15.9% -11.1% 100.0% -23.1% -66.7% -72.4% 160.0% WEST HOLLYWOOD SFR Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR APR % CHANGE
$537,500 $ % $410,000 $ % -23.7% -8.8% -25.0% 33.3% -38.8% -8.6% -66.8% 117.9% WEST HOLLYWOOD CONDO Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR APR % CHANGE
Glossary of Terms Median Price: A value that separates the upper half of prices from the lower half of prices. It can be interpreted like an average, however the extreme prices (high and low) don’t hold undue. Average Price per Square Foot: The price per each property divided by their respective square footage then averaged across all properties sold in the area for a given time period. Properties Sold: The number of property transactions that closed and transferred ownership. Properties Pending Sale: The number of properties that entered escrow in preparation for sale. Properties For Sale: The number of properties on the market and seeking buyers. Days on Market (Pending Sale): The number of days that properties currently in escrow were on the market. Absorption Rate: The rate at which the inventory of home for sale are being sold. Percent Under Contract: The ratio of properties to properties sale.