Real Estate Market Report 2012
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![Page 1: Real Estate Market Report 2012](https://reader031.fdocuments.net/reader031/viewer/2022020501/568c47621a28ab49168da520/html5/thumbnails/1.jpg)
Prepared by:
The Lesser’s
![Page 2: Real Estate Market Report 2012](https://reader031.fdocuments.net/reader031/viewer/2022020501/568c47621a28ab49168da520/html5/thumbnails/2.jpg)
WHAT IS A MARKET WITHIN A MARKET?
Just as the weather is different from Los Feliz to Santa Monica so is the Real Estate climate. While it
may be cloudy & overcast in Marina del Rey, at the same exact time, it may be warm & sunny in
the Mid Wilshire area. The Real Estate market works the same way. Year-to-year there may be a
significant sales increase in Venice while at the same time there is an alarming drop in sales price
from the Palms – Mar Vista area even though they are literally blocks from one another.
With our vast years of experience, we at Keller Williams have come to notice that like the need for
a sweater by the beach and a T-shirt in the Valley, every market within a market has a very different
climate and therefore requires its own set of statistics for you to truly understand what is going on in
your neighborhood. Although you can easily access the broad national, state, and/or country
trends published by the media, they may not have anything to do with what is occurring in your
own backyard. After all, you wouldn’t watch a weather channel report for Seattle to decide if you
need an umbrella that day would you?
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WHY THIS BENEFITS YOU – OUR CLIENT
Our extensive experience & knowledge has led us to notice that markets within
markets may be performing in a different way from one another and from national
averages.
With the current stringent lending situation, having knowledge of the specialized
market trends for the neighborhood you are contemplating is vital for true success in
your transaction.
Don’t be mislead by ideas that are not actual facts.
What is in fact occurring in the markets of those areas may be counterintuitive of
notions or ideas you may have perceived from national averages. Knowledge is
power and knowing all the facts will give you the power to make the most educated
choice.
![Page 4: Real Estate Market Report 2012](https://reader031.fdocuments.net/reader031/viewer/2022020501/568c47621a28ab49168da520/html5/thumbnails/4.jpg)
$1,117,500
$552
8.0
17.0
178.0
98.2
8.6
9.55%
$2,622,000
$850
15.0
19.0
137.0
91.7
5.3
13.87%
134.6%
54.0%
87.5%
11.8%
-23.0%
-6.6%
-38.5%
45.2%
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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
![Page 5: Real Estate Market Report 2012](https://reader031.fdocuments.net/reader031/viewer/2022020501/568c47621a28ab49168da520/html5/thumbnails/5.jpg)
$932,000
$489
11.0
14.0
106.0
48.1
5.6
13.21%
$772,000
$436
12.0
22.0
72.0
46.8
2.0
30.56%
-17.1%
-10.8%
9.1%
57.1%
-32.1%
-2.8%
64.6%
131.3%
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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
![Page 6: Real Estate Market Report 2012](https://reader031.fdocuments.net/reader031/viewer/2022020501/568c47621a28ab49168da520/html5/thumbnails/6.jpg)
$605,000
$377
8.0
4.0
41.0
132.0
7.8
9.76%
$545,000
$388
8.0
1.0
27.0
127.0
19.0
3.7%
-9.9%
2.9%
0.0%
-75.0%
-34.1%
-3.8%
145.2%
-62.0%
BEVERLY CENTER – MIRACLE MILE 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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
![Page 7: Real Estate Market Report 2012](https://reader031.fdocuments.net/reader031/viewer/2022020501/568c47621a28ab49168da520/html5/thumbnails/7.jpg)
$2,942,500
$858
14.0
8.0
148.0
128.1
15.6
5.41%
$4,050,000
$950
19.0
16.0
124.0
137.6
5.8
12.90%
37.6%
10.7%
35.7%
100.0%
-16.2%
7.4%
-9.9%
138.7%
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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
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$830,00
$754
9.0
6.0
107.0
146.8
14.0
5.61%
$835,000
$677
11.0
9.0
80.0
85.7
6.6
11.25%
0.6%
-10.2%
22.2%
50.0%
-25.2%
-41.7%
-53.2%
100.6%
BEVERLY HILLS 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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
![Page 9: Real Estate Market Report 2012](https://reader031.fdocuments.net/reader031/viewer/2022020501/568c47621a28ab49168da520/html5/thumbnails/9.jpg)
$2,221,250
$618
12.0
19.0
183.0
96.5
7.8
10.38%
$1,775,000
$549
11.0
24.0
144.0
92.3
3.9
16.67%
-20.1%
-11.2%
-8.3%
26.3%
-21.3%
-4.3%
-50.1%
60.5%
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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
![Page 10: Real Estate Market Report 2012](https://reader031.fdocuments.net/reader031/viewer/2022020501/568c47621a28ab49168da520/html5/thumbnails/10.jpg)
$639,500
$393
2.0
11.0
88.0
49.5
6.5
12.50%
$795,000
$442
13.0
12.0
52.0
25.1
2.8
23.08%
24.3%
12.5%
550.0%
9.1%
-40.9%
-49.4%
-57.4%
84.6%
BEVERLYWOOD 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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
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$1,675,000
$964
13.0
19.0
163.0
47.9
6.7
11.66%
$1,685,000
$656
17.0
17.0
138.0
78.9
5.7
12.32%
0.6%
-32.0%
30.8%
-10.5%
-15.3%
64.8%
-14.6%
5.7%
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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
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$845,000
$469
7.0
17.0
139.0
120.4
6.6
12.23%
$842,000
$451
10.0
20.0
83.0
72.8
2.4
24.10%
-0.4%
-3.8%
42.9%
17.6%
-40.3%
-39.6%
-64.3%
97.0%
BRENTWOOD 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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
![Page 13: Real Estate Market Report 2012](https://reader031.fdocuments.net/reader031/viewer/2022020501/568c47621a28ab49168da520/html5/thumbnails/13.jpg)
$482,000
$358.22
47
NA
NA
84
NA
NA%
$471,500
$331.89
52
93
NA
75
NA
NA%
-2.2%
-7.4%
10.6%
NA%
NA%
-10.7%
NA%
NA%
BURBANK 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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
![Page 14: Real Estate Market Report 2012](https://reader031.fdocuments.net/reader031/viewer/2022020501/568c47621a28ab49168da520/html5/thumbnails/14.jpg)
$312,000
$256.40
16
NA
NA
NA
NA
NA%
$277,000
$231.85
13
44
NA
NA
NA
NA %
-11.2%
-9.6%
18.8%
NA%
NA%
NA%
NA%
NA%
BURBANK 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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
![Page 15: Real Estate Market Report 2012](https://reader031.fdocuments.net/reader031/viewer/2022020501/568c47621a28ab49168da520/html5/thumbnails/15.jpg)
$815,000
$279
5.0
3.0
37.0
123.0
10.7
8.11%
$950,000
$304
19.0
60.0
100.0
114.0
NA
NA%
16.6%
9.0%
280.0%
1,900.0%
170.3%
-7.3%
NA%
NA%
CALABASAS 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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
![Page 16: Real Estate Market Report 2012](https://reader031.fdocuments.net/reader031/viewer/2022020501/568c47621a28ab49168da520/html5/thumbnails/16.jpg)
$256,500
$243
1.0
NA
2.0
NA
NA
NA%
$387,000
$234
3.0
14.0
10.0
151.0
NA
NA%
50.9%
-3.7%
200.0%
NA%
400.0%
NA%
NA%
NA%
CALABASAS 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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
![Page 17: Real Estate Market Report 2012](https://reader031.fdocuments.net/reader031/viewer/2022020501/568c47621a28ab49168da520/html5/thumbnails/17.jpg)
$829,000
$375
5.0
1.0
78.0
3.0
73.0
1.28%
$750,000
$325
35.0
109.0
75.0
71.0
NA
NA%
-9.5%
-13.3%
600.0%
10,800.0%
-3.8%
2,266.7%
NA%
NA%
ENCINO 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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
![Page 18: Real Estate Market Report 2012](https://reader031.fdocuments.net/reader031/viewer/2022020501/568c47621a28ab49168da520/html5/thumbnails/18.jpg)
$175,000
$166
1.0
1.0
21.0
49.0
18.0
4.76%
$283,500
$186
16.0
53.0
33.0
95.0
NA
NA%
62.0%
12.0%
1500.0%
5,200.0%
57.1%
93.9%
NA%
NA%
ENCINO 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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
![Page 19: Real Estate Market Report 2012](https://reader031.fdocuments.net/reader031/viewer/2022020501/568c47621a28ab49168da520/html5/thumbnails/19.jpg)
$628,000
$328.94
47
NA
NA
80
NA
NA%
$543,500
$305.39
48
54
NA
85
NA
NA%
-13.5%
-7.2%
2.1%
NA%
NA%
6.3%
NA%
NA%
GLENDALE 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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
![Page 20: Real Estate Market Report 2012](https://reader031.fdocuments.net/reader031/viewer/2022020501/568c47621a28ab49168da520/html5/thumbnails/20.jpg)
$288,000
$246.35
40
NA
NA
78
NA
NA%
$255,000
$214.22
32
38
NA
82
NA
NA%
-11.5%
-13.0%
-20.0%
NA%
NA%
5.1%
NA%
NA%
GLENDALE 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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
![Page 21: Real Estate Market Report 2012](https://reader031.fdocuments.net/reader031/viewer/2022020501/568c47621a28ab49168da520/html5/thumbnails/21.jpg)
$427,000
$184
4.0
4.0
23.0
57.2
4.5
17.39%
$338,500
$317
5.0
7.0
20.0
57.1
1.6
35.0%
-20.8%
72.3%
25.0%
75.0%
-13.0%
-0.2%
-65.1%
101.2%
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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
![Page 22: Real Estate Market Report 2012](https://reader031.fdocuments.net/reader031/viewer/2022020501/568c47621a28ab49168da520/html5/thumbnails/22.jpg)
$282,000
$319
10.0
10.0
83.0
94.4
7.0
12.05%
$506,500
$376
6.0
7.0
60.0
61.9
7.3
11.67%
79.6%
17.9%
-40.0%
-30.0%
-27.7%
-34.5%
4.1%
-3.2%
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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
![Page 23: Real Estate Market Report 2012](https://reader031.fdocuments.net/reader031/viewer/2022020501/568c47621a28ab49168da520/html5/thumbnails/23.jpg)
$792,500
$392
10.0
12.0
95.0
57.6
6.1
12.63%
$1,130,000
$454
9.0
16.0
73.0
53.6
2.7
21.92%
42.6%
15.8%
-10.0%
33.3%
-23.2%
-6.9%
-55.8%
73.5%
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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
![Page 24: Real Estate Market Report 2012](https://reader031.fdocuments.net/reader031/viewer/2022020501/568c47621a28ab49168da520/html5/thumbnails/24.jpg)
$975,000
$486
13.0
19.0
97.0
27.8
3.4
19.59%
$929,000
$520
21.0
12.0
75.0
61.7
3.9
16.0%
-4.7%
7.0%
61.5%
-36.8%
-22.7%
121.9%
16.3%
-18.3%
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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
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$378,000
$358
3.0
12.0
%
$368,000
$357
4.0
3.0
12.0
75.0
3.0
25.0%
-2.6%
-0.3%
33.3%
%
0.0%
%
%
%
LOS FELIZ 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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
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$1,200,000
$716
11.0
11.0
283.0
129.4
23.0
3.89%
$1,218,750
$504
14.0
13.0
224.0
91.0
14.2
5.8%
1.6%
-29.6%
27.3%
18.2%
-20.8%
-29.7%
-38.5%
49.3%
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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
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$5,184,000
$1,415
3.0
2.0
112.0
154.5
48.0
1.79%
$5,250,000
$1,812
5.0
9.0
90.0
218.6
7.8
10.0%
1.3%
28.1%
66.7%
350.0%
-19.6%
41.5%
-83.8%
460.0%
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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
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$1,398,500
$424
2.0
4.0
40.0
60.8
8.2
10.0%
$
$
8.0
37.0
46.2
3.0
21.62%
%
%
%
100.0%
-7.5%
-23.9%
-63.6%
116.2%
MARINA DEL REY 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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
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$635,000
$500
22.0
17.0
219.0
72.4
10.8
7.76%
$509,000
$403
15.0
22.0
162.0
58.9
4.9
13.58%
-19.8%
-19.4%
-31.8%
29.4%
-26.0%
-18.7%
-54.8%
74.9%
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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
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$380,000
$220
1.0
39.0
%
$400,000
$209
4.0
6.0
25.0
68.0
2.3
24.0%
5.3%
-5.0%
300.0%
%
-35.9%
%
%
%
NORTHRIDGE 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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
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$375,000
$245
2.0
1.0
8.0
43.0
6.0
12.5%
$278,000
$178
3.0
1.0
3.0
308.0
1.0
33.33%
-25.9%
-27.3%
50.0%
0.0%
-62.5%
616.3%
-83.3%
166.7%
NORTHRIDGE 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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
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$2,020,500
$699
22.0
34.0
191.0
59.0
4.0
17.8%
$1,629,000
$576
19.0
30.0
150.0
61.4
3.2
20.0%
-19.4%
-17.6%
-13.6%
-11.8%
-21.5%
4.1%
-20.6%
12.4%
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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
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$1,500,000
$743
21.0
19.0
120.0
78.9
4.9
15.83%
$1,711,500
$740
21.0
21.0
110.0
34.0
3.5
19.09%
14.1%
-0.4%
0.0%
10.5%
-8.3%
-56.9%
-29.0%
20.6%
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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
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$667,500
$526
34.0
31.0
232.0
67.3
5.7
13.36%
$655,500
$563
34.0
46.0
165.0
52.3
2.1
27.88%
-1.8%
7.0%
0.0%
48.4%
-28.9%
-22.2%
-62.9%
108.6%
SANTA MONICA 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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
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$615,000
$416
9.0
11.0
105.0
32.2
7.5
10.48%
$640,000
$315
45.0
105.0
134.0
94.0
NA
NA%
4.1%
-24.3%
400.0%
854.5%
27.6%
191.9%
NA%
NA%
SHERMAN OAKS 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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
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$311,000
$243
5.0
5.0
39.0
75.0
6.2
12.82%
$305,000
$233
21.0
73.0
53.0
96.0
NA
NA%
-1.9%
-4.1%
320.0%
1360.0%
35.9%
28.0%
NA%
NA%
SHERMAN OAKS 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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
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$634,000
$353
18.0
15.0
107.0
46.5
5.6
14.02%
$625,000
$432
23.0
23.0
79.0
68.0
2.1
29.11%
-1.4%
22.4%
27.8%
53.3%
-26.2%
46.2%
-62.0%
107.7%
SILVER LAKE – ECHO PARK 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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
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$1,115,000
$383
7.0
12.0
83.0
77.6
5.0
14.46%
$730,250
$380
24.0
59.0
77.0
91.0
NA
NA%
-34.5%
-0.8%
242.9%
391.7%
-7.2%
17.3%
NA%
NA%
STUDIO CITY 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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
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$473,500
$323
2.0
6.0
33.0
58.2
4.3
18.18%
$477,000
$282
11.0
37.0
20.0
86.0
NA
NA%
0.7%
-12.7%
450.0%
516.7%
-39.4%
47.8%
NA%
NA%
STUDIO CITY 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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
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$840,000
$679
17.0
18.0
125.0
78.9
5.2
14.40%
$1,000,000
$589
9.0
23.0
103.0
70.9
2.4
22.33%
19.0%
-13.3%
-47.1%
27.8%
-17.6%
-10.2%
-52.9%
55.1%
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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
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$582,000
$570
2.0
2.0
33.0
88.0
11.5
6.06%
$1,125,000
$498
4.0
5.0
26.0
127.4
3.2
15.38%
93.3%
-12.6%
100.0%
150.0%
-21.2%
44.8%
-72.2%
153.8%
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 ………….……
MAR. 2011 MAR. 2012 % CHANGE
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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.
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Disclaimer
The Market Within A Market Report is brought to you by The Lessers, of Keller Williams Realty.
Information obtained from Broker Metrics and DataQuick. Broker Metrics and DataQuick statistics are subject to change due to individual real estate company reporting disciplines. The information provided herein is from sources we believe to be reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it.
For More Information, Contact:
The Lessers Realtors Keller Williams Realty Sherman Oaks-Encino & Keller Williams Realty Beach Cities
15531 Ventura Blvd. Suite 100 Encino, CA 91436 [email protected] | Direct: 818.822.777