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?

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.

BEL AIR – HOMBLY HILLS

SFR

Median Price ……………………..…….

$999,000

Median Price ……………………..…….

$864,750

-13.4%

Average Price per Square Foot ….…

$536

Average Price per Square Foot ….…

$539

0.6%

Properties Sold ……………………….

11

Properties Sold ……………………….

10

- 9.1%

Properties Pending Sale ………………

5

Properties Pending Sale ………………

11

120%

Properties For Sale …………….……...

91

Properties For Sale …………….……...

65

- 28.6%

Days on Market (Pending Sale) ….…..

62

Days on Market (Pending Sale) ….…..

46

-25.5%

Month’s supply of Inventory……….…

14.2

Month’s supply of Inventory……….…

3.5

-75.4%

Percent Under Contract ………….……

5.49%

Percent Under Contract ………….……

16.92%

208.2%

BEVERLY CENTER – MIRCLE MILE

SFR

Median Price ……………………..…….

$999,000

Median Price ……………………..…….

$869,500

- 13%

Average Price per Square Foot ….…

$536

Average Price per Square Foot ….…

$543

1.3%

Properties Sold ……………………….

11

Properties Sold ……………………….

11

0%

Properties Pending Sale ………………

5

Properties Pending Sale ………………

11

120%

Properties For Sale …………….……...

91

Properties For Sale …………….……...

66

- 27.5%

Days on Market (Pending Sale) ….…..

61.6

Days on Market (Pending Sale) ….…..

45.9

-25.5

Month’s supply of Inventory……….…

14.2

Month’s supply of Inventory……….…

3.5

-75%

Percent Under Contract ………….……

5.5

Percent Under Contract ………….……

16.7

203.3%

BEVERLY CENTER – MIRCLE MILE

CONDO

Median Price ……………………..…….

$608,800

Median Price ……………………..…….

$610,000

.2%

Average Price per Square Foot ….…

$393

Average Price per Square Foot ….…

$422

7.4%

Properties Sold ……………………….

11

Properties Sold ……………………….

3

-72.7%

Properties Pending Sale ………………

7

Properties Pending Sale ………………

4

-42.9%

Properties For Sale …………….……...

62

Properties For Sale …………….……...

28

- 54.8

Days on Market (Pending Sale) ….…..

113.6

Days on Market (Pending Sale) ….…..

81.5

-28.2%

Month’s supply of Inventory……….…

6.6

Month’s supply of Inventory……….…

3.8

-42.9

Percent Under Contract ………….……

11.3

Percent Under Contract ………….……

14.3%

26.5%

BEVERLY HILLS

SFR

Median Price ……………………..…….

$3,040,000

Median Price ……………………..…….

$2,080,000

-25.0%

Average Price per Square Foot ….…

$936

Average Price per Square Foot ….…

$865

-7.6%

Properties Sold ……………………….

18

Properties Sold ……………………….

14

- 22.2%

Properties Pending Sale ………………

12

Properties Pending Sale ………………

13

8.3%

Properties For Sale …………….……...

156

Properties For Sale …………….……...

112

- 28.2%

Days on Market (Pending Sale) ….…..

45

Days on Market (Pending Sale) ….…..

57

27.4%

Month’s supply of Inventory……….…

9.7

Month’s supply of Inventory……….…

6.0

-38.1%

Percent Under Contract ………….……

7.69%

Percent Under Contract ………….……

11.61%

51.0%

BEVERLY HILLS

CONDO

Median Price ……………………..…….

$725,000

Median Price ……………………..…….

$765,000

5.5%

Average Price per Square Foot ….…

$409

Average Price per Square Foot ….…

$500

22.2%

Properties Sold ……………………….

6

Properties Sold ……………………….

6

0.0%

Properties Pending Sale ………………

6

Properties Pending Sale ………………

12

100%

Properties For Sale …………….……...

108

Properties For Sale …………….……...

78

- 27.8%

Days on Market (Pending Sale) ….…..

118

Days on Market (Pending Sale) ….…..

41.7

-64.6%

Month’s supply of Inventory……….…

14.3

Month’s supply of Inventory……….…

3.9

-72.7%

Percent Under Contract ………….……

5.50%

Percent Under Contract ………….……

14.1%

153.8%

BEVERLY HILLS P.O.

SFR

Median Price ……………………..…….

$2,190,768

Median Price ……………………..…….

$2,048,750

-6.5%

Average Price per Square Foot ….…

$676

Average Price per Square Foot ….…

$560

-17.2%

Properties Sold ……………………….

12

Properties Sold ……………………….

8

- 33.3%

Properties Pending Sale ………………

6

Properties Pending Sale ………………

14

133.3%

Properties For Sale …………….……...

152

Properties For Sale …………….……...

146

-3.9%

Days on Market (Pending Sale) ….…..

92

Days on Market (Pending Sale) ….…..

111

20.2%

Month’s supply of Inventory……….…

20.8

Month’s supply of Inventory……….…

7.0

-66.3%

Percent Under Contract ………….……

3.95%

Percent Under Contract ………….……

9.59%

-142.8%

BEVERLYWOOD

SFR

Median Price ……………………..…….

$732,250

Median Price ……………………..…….

$755,000

3.1%

Average Price per Square Foot ….…

$432

Average Price per Square Foot ….…

$440

1.9%

Properties Sold ……………………….

16

Properties Sold ……………………….

8

- 50.0%

Properties Pending Sale ………………

8

Properties Pending Sale ………………

9

12.5%

Properties For Sale …………….……...

66

Properties For Sale …………….……...

62

- 6.1%

Days on Market (Pending Sale) ….…..

75

Days on Market (Pending Sale) ….…..

41

-45.1%

Month’s supply of Inventory……….…

6

Month’s supply of Inventory……….…

4.0

-33.3%

Percent Under Contract ………….……

12.12%

Percent Under Contract ………….……

14.52%

19.8%

BRENTWOOD

SFR

Median Price ……………………..…….

$1,570,000

Median Price ……………………..…….

$2,020,000

28.7%

Average Price per Square Foot ….…

$677

Average Price per Square Foot ….…

$538

- 20.5%

Properties Sold ……………………….

17

Properties Sold ……………………….

9

- 47.1%

Properties Pending Sale ………………

16

Properties Pending Sale ………………

6

- 62.5%

Properties For Sale …………….……...

158

Properties For Sale …………….……...

124

-21.5

Days on Market (Pending Sale) ….…..

88.5

Days on Market (Pending Sale) ….…..

92.7

4.7%

Month’s supply of Inventory……….…

7.3

Month’s supply of Inventory……….…

14.5

Percent Under Contract ………….……

10.1%

Percent Under Contract ………….……

4.9%

98.3%
- 52.2%

BRENTWOOD

CONDO

Median Price ……………………..…….

$632,500

Median Price ……………………..…….

$515,000

-18.6%

Average Price per Square Foot ….…

$436

Average Price per Square Foot ….…

$440

0.9%

Properties Sold ……………………….

14

Properties Sold ……………………….

9

- 35.7%

Properties Pending Sale ………………

6

Properties Pending Sale ………………

8

33.3%

Properties For Sale …………….……...

142

Properties For Sale …………….……...

70

- 50.7%

Days on Market (Pending Sale) ….…..

118

Days on Market (Pending Sale) ….…..

66

-44.4%

Month’s supply of Inventory……….…

19.7

Month’s supply of Inventory……….…

5.6

-71.6%

Percent Under Contract ………….……

4.23%

Percent Under Contract ………….……

11.43%

170.2%

CHEVIOT HILLS-RANCH PARK

SFR

Median Price ……………………..…….

$1,425,500

Median Price ……………………..…….

$1,442,000

1.2%

Average Price per Square Foot ….…

$462

Average Price per Square Foot ….…

$504

9.1%

Properties Sold ……………………….

6

Properties Sold ……………………….

5

- 16.7%

Properties Pending Sale ………………

5

Properties Pending Sale ………………

2

-60.0%

Properties For Sale …………….……...

35

Properties For Sale …………….……...

24

- 31.4%

Days on Market (Pending Sale) ….…..

55

Days on Market (Pending Sale) ….…..

104

89.1%

Month’s supply of Inventory……….…

4.6

Month’s supply of Inventory……….…

8.0

73.9%

Percent Under Contract ………….……

14.29%

Percent Under Contract ………….……

8.33%

-41.7%

CULVER CITY

SFR

Median Price ……………………..…….

$697,000

Median Price ……………………..…….

$672,500

-3.5%

Average Price per Square Foot ….…

$430

Average Price per Square Foot ….…

$424

-1.4%

Properties Sold ……………………….

14

Properties Sold ……………………….

10

- 28.6%

Properties Pending Sale ………………

5

Properties Pending Sale ………………

12

140.0%

Properties For Sale …………….……...

54

Properties For Sale …………….……...

54

0.0%

Days on Market (Pending Sale) ….…..

47

Days on Market (Pending Sale) ….…..

66

40.1%

Month’s supply of Inventory……….…

8.4

Month’s supply of Inventory……….…

2.5

-70.2%

Percent Under Contract ………….……

9.62%

Percent Under Contract ………….……

22.22%

140.0%

CULVER CITY

CONDO

Median Price ……………………..…….

$300,000

Median Price ……………………..…….

$275,000

-8.3%

Average Price per Square Foot ….…

$348

Average Price per Square Foot ….…

$275

- 21%

Properties Sold ……………………….

11

Properties Sold ……………………….

19

72.7%

Properties Pending Sale ………………

8

Properties Pending Sale ………………

7

- 12.5%

Properties For Sale …………….……...

83

Properties For Sale …………….……...

54

-34.9%

Days on Market (Pending Sale) ….…..

95.5

Days on Market (Pending Sale) ….…..

90.1

Month’s supply of Inventory……….…

8

Month’s supply of Inventory……….…

6

Percent Under Contract ………….……

9.6%

Percent Under Contract ………….……

12.9%

-5.6%
- 25%
34.5%

HANCOCK PARK-WILSHIRE

SFR

Median Price ……………………..…….

$963,250

Median Price ……………………..…….

$1,087,000

12.8%

Average Price per Square Foot ….…

$442

Average Price per Square Foot ….…

$469

6.1%

Properties Sold ……………………….

16

Properties Sold ……………………….

14

- 12.5%

Properties Pending Sale ………………

9

Properties Pending Sale ………………

11

22.2%

Properties For Sale …………….……...

127

Properties For Sale …………….……...

116

-8.7%

Days on Market (Pending Sale) ….…..

74

Days on Market (Pending Sale) ….…..

35

-52.6%

Month’s supply of Inventory……….…

10.9

Month’s supply of Inventory……….…

7.1

-34.9%

Percent Under Contract ………….……

7.09%

Percent Under Contract ………….……

9.48%

33.7%

HOLLYWOOD

SFR

Median Price ……………………..…….

$655,525

Median Price ……………………..…….

$350,000

- 46.5%

Average Price per Square Foot ….…

$386

Average Price per Square Foot ….…

$360

6.7%

Properties Sold ……………………….

1

Properties Sold ……………………….

5

400%

Properties Pending Sale ………………

2

Properties Pending Sale ………………

5

150%

Properties For Sale …………….……...

20

Properties For Sale …………….……...

21

5%

Days on Market (Pending Sale) ….…..

44.5

Days on Market (Pending Sale) ….…..

54.2

21.8%

Month’s supply of Inventory……….…

5

Month’s supply of Inventory……….…

2.6

- 48%

Percent Under Contract ………….……

10

Percent Under Contract ………….……

23.8

138.1%

HOLLYWOOD

CONDO

Median Price ……………………..…….

$425,000

Median Price ……………………..…….

$855,000

101.2%

Average Price per Square Foot ….…

$350

Average Price per Square Foot ….…

$457

30.6%

Properties Sold ……………………….

9

Properties Sold ……………………….

3

- 66.7%

Properties Pending Sale ………………

2

Properties Pending Sale ………………

3

50.0%

Properties For Sale …………….……...

94

Properties For Sale …………….……...

56

-40.4%

Days on Market (Pending Sale) ….…..

138

Days on Market (Pending Sale) ….…..

169

22.9%

Month’s supply of Inventory……….…

39.9

Month’s supply of Inventory……….…

13.7

-64.9%

Percent Under Contract ………….……

2.13%

Percent Under Contract ………….……

5.36%

151.6%

HOLLYWOOD HILLS EAST

SFR

Median Price ……………………..…….

$860,000

Median Price ……………………..…….

$700,000

-18.6%

Average Price per Square Foot ….…

$372

Average Price per Square Foot ….…

$431

15.9%

Properties Sold ……………………….

8

Properties Sold ……………………….

11

37.5%

Properties Pending Sale ………………

10

Properties Pending Sale ………………

11

10.0%

Properties For Sale …………….……...

86

Properties For Sale …………….……...

68

-20.9%

Days on Market (Pending Sale) ….…..

54

Days on Market (Pending Sale) ….…..

52

-4.3%

Month’s supply of Inventory……….…

6.5

Month’s supply of Inventory……….…

3.4

-47.7%

Percent Under Contract ………….……

11.63%

Percent Under Contract ………….……

16.18%

39.1%

LOS FELIZ

SFR

Median Price ……………………..…….

$810,000

Median Price ……………………..…….

$859,000

6.0%

Average Price per Square Foot ….…

$395

Average Price per Square Foot ….…

$441

11.6%

Properties Sold ……………………….

12

Properties Sold ……………………….

15

25.0%

Properties Pending Sale ………………

10

Properties Pending Sale ………………

11

10.0%

Properties For Sale …………….……...

90

Properties For Sale …………….……...

81

-10.0%

Days on Market (Pending Sale) ….…..

52

Days on Market (Pending Sale) ….…..

51

-1.5%

Month’s supply of Inventory……….…

6.6

Month’s supply of Inventory……….…

4.9

-25.8%

Percent Under Contract ………….……

11.11%

Percent Under Contract ………….……

13.58%

22.2%

LOS FELIZ

CONDO

Median Price ……………………..…….

$447,500

Median Price ……………………..…….

$485,000

8.4%

Average Price per Square Foot ….…

$381

Average Price per Square Foot ….…

$388

1.8%

Properties Sold ……………………….

4

Properties Sold ……………………….

5

25.0%

Properties Pending Sale ………………

3

Properties Pending Sale ………………

1

-66.7%

Properties For Sale …………….……...

19

Properties For Sale …………….……...

12

- 36.8%

Days on Market (Pending Sale) ….…..

55.7

Days on Market (Pending Sale) ….…..

41

- 26.3

Month’s supply of Inventory……….…

4.7

Month’s supply of Inventory……….…

9

92.9%

Percent Under Contract ………….……

15.79%

Percent Under Contract ………….……

8.33%

- 47.2%

MALIBU

SFR

Median Price ……………………..…….

$1,605,000

Median Price ……………………..…….

$2,450,000

52.6%

Average Price per Square Foot ….…

$653

Average Price per Square Foot ….…

$836

28.0%

Properties Sold ……………………….

8

Properties Sold ……………………….

16

100%

Properties Pending Sale ………………

5

Properties Pending Sale ………………

13

160%

Properties For Sale …………….……...

261

Properties For Sale …………….……...

217

-16.9%

Days on Market (Pending Sale) ….…..

198

Days on Market (Pending Sale) ….…..

166

-16%

Month’s supply of Inventory……….…

43.3

Month’s supply of Inventory……….…

12

-72.3%

Percent Under Contract ………….……

1.92%

Percent Under Contract ………….……

5.99%

212.0%

MALIBU BEACH

SFR

Median Price ……………………..…….

$1,605,000

Median Price ……………………..…….

$2,275,000

41.7%

Average Price per Square Foot ….…

$653

Average Price per Square Foot ….…

$842

28.9%

Properties Sold ……………………….

8

Properties Sold ……………………….

18

125%

Properties Pending Sale ………………

5

Properties Pending Sale ………………

13

160%

Properties For Sale …………….……...

261

Properties For Sale …………….……...

218

-16.5%

Days on Market (Pending Sale) ….…..

198

Days on Market (Pending Sale) ….…..

166

-16%

Month’s supply of Inventory……….…

43.4

Month’s supply of Inventory……….…

12.1

-72.1%

Percent Under Contract ………….……

1.92%

Percent Under Contract ………….……

5.96%

210.4%

MARINA DEL REY

SFR

Median Price ……………………..…….

$1,260,000

Median Price ……………………..…….

$-

-100%

Average Price per Square Foot ….…

$492

Average Price per Square Foot ….…

$0

-100%

Properties Sold ……………………….

5

Properties Sold ……………………….

-

-100%

Properties Pending Sale ………………

2

Properties Pending Sale ………………

3

50%

Properties For Sale …………….……...

30

Properties For Sale …………….……...

27

-10%

Days on Market (Pending Sale) ….…..

59

Days on Market (Pending Sale) ….…..

126

-115.4%

Month’s supply of Inventory……….…

11.5

Month’s supply of Inventory……….…

5.7

-50.4%

Percent Under Contract ………….……

6.67%

Percent Under Contract ………….……

11.54%

73.0%

MARINA DEL REY

CONDO

Median Price ……………………..…….

$595,000

Median Price ……………………..…….

$ 523,600

-12%

Average Price per Square Foot ….…

$411

Average Price per Square Foot ….…

$354

-13.9%

Properties Sold ……………………….

23

Properties Sold ……………………….

15

-34.8%

Properties Pending Sale ………………

8

Properties Pending Sale ………………

19

137.5%

Properties For Sale …………….……...

224

Properties For Sale …………….……...

158

-29.5%

Days on Market (Pending Sale) ….…..

70

Days on Market (Pending Sale) ….…..

89

26.5%

Month’s supply of Inventory……….…

10.3

Month’s supply of Inventory……….…

5.8

-43.7%

Percent Under Contract ………….……

8.04%

Percent Under Contract ………….……

12.03%

49.6%

MID LOS ANGELES

SFR

Median Price ……………………..…….

$310,000

Median Price ……………………..…….

$ 284,975

-8.1%

Average Price per Square Foot ….…

$223

Average Price per Square Foot ….…

$204

-8.5%

Properties Sold ……………………….

17

Properties Sold ……………………….

12

-29.4%

Properties Pending Sale ………………

9

Properties Pending Sale ………………

10

11.1%

Properties For Sale …………….……...

138

Properties For Sale …………….……...

82

-40.6%

Days on Market (Pending Sale) ….…..

49

Days on Market (Pending Sale) ….…..

40

-18.1%

Month’s supply of Inventory……….…

12.3

Month’s supply of Inventory……….…

5.5

-55.3%

Percent Under Contract ………….……

6.52%

Percent Under Contract ………….……

12.20%

87.1%

MID WILSHIRE

SFR

Median Price ……………………..…….

$440,000

Median Price ……………………..…….

$ 398,000

-9.5%

Average Price per Square Foot ….…

$204

Average Price per Square Foot ….…

$220

7.8%

Properties Sold ……………………….

6

Properties Sold ……………………….

4

-33.3%

Properties Pending Sale ………………

3

Properties Pending Sale ………………

2

-33.3%

Properties For Sale …………….……...

42

Properties For Sale …………….……...

17

-59.5%

Days on Market (Pending Sale) ….…..

81

Days on Market (Pending Sale) ….…..

45

-45.3%

Month’s supply of Inventory……….…

11.3

Month’s supply of Inventory……….…

5.0

-55.8%

Percent Under Contract ………….……

7.14%

Percent Under Contract ………….……

11.76%

64.7%

PACIFIC PALISADES

SFR

Median Price ……………………..…….

$1,567,500

Median Price ……………………..…….

$1,284,250

-18.1%

Average Price per Square Foot ….…

$707

Average Price per Square Foot ….…

$674

- 4.7%

Properties Sold ……………………….

20

Properties Sold ……………………….

19

-5.0%

Properties Pending Sale ………………

14

Properties Pending Sale ………………

15

7.1%

Properties For Sale …………….……...

176

Properties For Sale …………….……...

126

-28.4%

Days on Market (Pending Sale) ….…..

129

Days on Market (Pending Sale) ….…..

85

-34.2%

Month’s supply of Inventory……….…

9.5

Month’s supply of Inventory……….…

5.3

-44.2%

Percent Under Contract ………….……

7.95%

Percent Under Contract ………….……

11.90%

49.7%

PALMS – MAR VISTA

SFR

Median Price ……………………..…….

$662,500

Median Price ……………………..…….

$760,000

14.7%

Average Price per Square Foot ….…

$480

Average Price per Square Foot ….…

$480

0.0%

Properties Sold ……………………….

27

Properties Sold ……………………….

17

-37.0%

Properties Pending Sale ………………

11

Properties Pending Sale ………………

20

81.8%

Properties For Sale …………….……...

100

Properties For Sale …………….……...

88

-12.0%

Days on Market (Pending Sale) ….…..

67

Days on Market (Pending Sale) ….…..

76

-13.2%

Month’s supply of Inventory……….…

6.8

Month’s supply of Inventory……….…

2.4

-64.7%

Percent Under Contract ………….……

11.00%

Percent Under Contract ………….……

22.73%

106.6%

SANTA MONICA

SFR

Median Price ……………………..…….

$2,275,000

Median Price ……………………..…….

$1,709,000

-24.9%

Average Price per Square Foot ….…

$820

Average Price per Square Foot ….…

$782

- 4.6%

Properties Sold ……………………….

12

Properties Sold ……………………….

18

50.0%

Properties Pending Sale ………………

18

Properties Pending Sale ………………

15

-16.7%

Properties For Sale …………….……...

125

Properties For Sale …………….……...

103

-17.6%

Days on Market (Pending Sale) ….…..

116

Days on Market (Pending Sale) ….…..

92

-20.8%

Month’s supply of Inventory……….…

5.1

Month’s supply of Inventory……….…

4.1

-19.6%

Percent Under Contract ………….……

14.40%

Percent Under Contract ………….……

14.56%

1.1%

SANTA MONICA

CONDO

Median Price ……………………..…….

$803,250

Median Price ……………………..…….

$665,000

-17.2%

Average Price per Square Foot ….…

$601

Average Price per Square Foot ….…

$522

-13.1%

Properties Sold ……………………….

34

Properties Sold ……………………….

25

-26.5%

Properties Pending Sale ………………

29

Properties Pending Sale ………………

17

-41.4%

Properties For Sale …………….……...

241

Properties For Sale …………….……...

149

-38.2%

Days on Market (Pending Sale) ….…..

75

Days on Market (Pending Sale) ….…..

81

8.2%

Month’s supply of Inventory……….…

5.9

Month’s supply of Inventory……….…

6.0

1.7%

Percent Under Contract ………….……

12.03%

Percent Under Contract ………….……

11.41%

-5.2%

SILVER LAKE – ECHO PARK

SFR

Median Price ……………………..…….

$675,000

Median Price ……………………..…….

$550,000

-18.5%

Average Price per Square Foot ….…

$462

Average Price per Square Foot ….…

$384

-16.9%

Properties Sold ……………………….

24

Properties Sold ……………………….

21

-12.5%

Properties Pending Sale ………………

14

Properties Pending Sale ………………

13

-7.1%

Properties For Sale …………….……...

99

Properties For Sale …………….……...

76

-23.2%

Days on Market (Pending Sale) ….…..

58

Days on Market (Pending Sale) ….…..

40

-31.3%

Month’s supply of Inventory……….…

5.2

Month’s supply of Inventory……….…

4.3

-17.3%

Percent Under Contract ………….……

14.14%

Percent Under Contract ………….……

17.11%

21%

STUDIO CITY

SFR

Median Price ……………………..…….

$840,000

Median Price ……………………..…….

$915,000

8.9%

Average Price per Square Foot ….…

$439

Average Price per Square Foot ….…

$415

- 5.4%

Properties Sold ……………………….

7

Properties Sold ……………………….

13

85.7%

Properties Pending Sale ………………

7

Properties Pending Sale ………………

5

- 28.6%

Properties For Sale …………….……...

82

Properties For Sale …………….……...

62

- 24%

Days on Market (Pending Sale) ….…..

103

Days on Market (Pending Sale) ….…..

118

14.5%

Month’s supply of Inventory……….…

9.6

Month’s supply of Inventory……….…

9.8

2.1%

Percent Under Contract ………….……

8.54%

Percent Under Contract ………….……

8.06%

- 5.5%

STUDIO CITY

CONDO

Median Price ……………………..…….

$494,500

Median Price ……………………..…….

$670,500

35.6%

Average Price per Square Foot ….…

$339

Average Price per Square Foot ….…

$343

1.2%

Properties Sold ……………………….

4

Properties Sold ……………………….

2

- 50.0%

Properties Pending Sale ………………

2

Properties Pending Sale ………………

2

0.0%

Properties For Sale …………….……...

39

Properties For Sale …………….……...

16

- 27.5%

Days on Market (Pending Sale) ….…..

139

Days on Market (Pending Sale) ….…..

25

- 81.9%

Month’s supply of Inventory……….…

12.5

Month’s supply of Inventory……….…

5.0

- 60.0%

Percent Under Contract ………….……

5.13%

Percent Under Contract ………….……

12.50%

143.8%

SUNSET STRIP – HOLLYWOOD HILLS WEST

SFR

Median Price ……………………..…….

$1,225,000

Median Price ……………………..…….

$1,470,000

20%

Average Price per Square Foot ….…

$521

Average Price per Square Foot ….…

$550

5.6%

Properties Sold ……………………….

25

Properties Sold ……………………….

28

12%

Properties Pending Sale ………………

18

Properties Pending Sale ………………

20

11.1%

Properties For Sale …………….……...

345

Properties For Sale …………….……...

250

-27.5%

Days on Market (Pending Sale) ….…..

88

Days on Market (Pending Sale) ….…..

71

-18.5%

Month’s supply of Inventory……….…

15.2

Month’s supply of Inventory……….…

8.6

-43.4%

Percent Under Contract ………….……

5.22%

Percent Under Contract ………….……

8.00%

53.3%

SUNSET STRIP – HOLLYWOOD HILLS WEST

CONDO

Median Price ……………………..…….

$386,000

Median Price ……………………..…….

$316,725

-17.9%

Average Price per Square Foot ….…

$328

Average Price per Square Foot ….…

$607

85.1%

Properties Sold ……………………….

4

Properties Sold ……………………….

4

0.0%

Properties Pending Sale ………………

6

Properties Pending Sale ………………

3

-50.0%

Properties For Sale …………….……...

57

Properties For Sale …………….……...

32

-43.9%

Days on Market (Pending Sale) ….…..

68

Days on Market (Pending Sale) ….…..

66

-3.4%

Month’s supply of Inventory……….…

7

Month’s supply of Inventory……….…

6.0

-14.3%

Percent Under Contract ………….……

10.53%

Percent Under Contract ………….……

9.38%

-10.9%

VENICE

SFR

Median Price ……………………..…….

$870,000

Median Price ……………………..…….

$1,145,000

31.6%

Average Price per Square Foot ….…

$622

Average Price per Square Foot ….…

$661

6.3%

Properties Sold ……………………….

9

Properties Sold ……………………….

15

66.7%

Properties Pending Sale ………………

7

Properties Pending Sale ………………

7

0.0%

Properties For Sale …………….……...

129

Properties For Sale …………….……...

85

-34.1%

Days on Market (Pending Sale) ….…..

68

Days on Market (Pending Sale) ….…..

23

-65.9%

Month’s supply of Inventory……….…

13.6

Month’s supply of Inventory……….…

7.7

-43.4%

Percent Under Contract ………….……

5.43%

Percent Under Contract ………….……

8.24%

51.7%

WEST HOLLYWOOD

CONDO

Median Price ……………………..…….

$540,000

Median Price ……………………..…….

$410,000

-24.1%

Average Price per Square Foot ….…

$421

Average Price per Square Foot ….…

$377

-10.5%

Properties Sold ……………………….

31

Properties Sold ……………………….

26

-16.1%

Properties Pending Sale ………………

17

Properties Pending Sale ………………

28

64.7%

Properties For Sale …………….……...

263

Properties For Sale …………….……...

166

-36.9%

Days on Market (Pending Sale) ….…..

97

Days on Market (Pending Sale) ….…..

73

-24.2%

Month’s supply of Inventory……….…

11.9

Month’s supply of Inventory……….…

3.5

-70.6%

Percent Under Contract ………….……

6.46%

Percent Under Contract ………….……

16.87%

161.1%

WEST LOS ANGELES

SFR

Median Price ……………………..…….

$732,000

Median Price ……………………..…….

$570,000

-22.1%

Average Price per Square Foot ….…

$473

Average Price per Square Foot ….…

$417

-11.8%

Properties Sold ……………………….

3

Properties Sold ……………………….

7

133.3%

Properties Pending Sale ………………

4

Properties Pending Sale ………………

4

0%

Properties For Sale …………….……...

39

Properties For Sale …………….……...

25

-35.9%

Days on Market (Pending Sale) ….…..

57

Days on Market (Pending Sale) ….…..

51

-11.2%

Month’s supply of Inventory……….…

7.8

Month’s supply of Inventory……….…

3.8

-51.3%

Percent Under Contract ………….……

10.26%

Percent Under Contract ………….……

16.00%

55.9%

WESTWOOD – CENTURY CITY

SFR

Median Price ……………………..…….

$1,312,000

Median Price ……………………..…….

$1,680,300

28.0%

Average Price per Square Foot ….…

$542

Average Price per Square Foot ….…

$593

9.4%

Properties Sold ……………………….

18

Properties Sold ……………………….

16

-11.1%

Properties Pending Sale ………………

6

Properties Pending Sale ………………

11

83.3%

Properties For Sale …………….……...

69

Properties For Sale …………….……...

61

-11.6%

Days on Market (Pending Sale) ….…..

105

Days on Market (Pending Sale) ….…..

40

-62.0%

Month’s supply of Inventory……….…

8.7

Month’s supply of Inventory……….…

2.8

-67.8%

Percent Under Contract ………….……

8.70%

Percent Under Contract ………….……

18.03%

107.2%

WESTWOOD – CENTURY CITY

CONDO

Median Price ……………………..…….

$592,500

Median Price ……………………..…….

$585,500

-4.6%

Average Price per Square Foot ….…

$739

Average Price per Square Foot ….…

$524

-29.1%

Properties Sold ……………………….

48

Properties Sold ……………………….

36

-25%

Properties Pending Sale ………………

27

Properties Pending Sale ………………

32

18.5%

Properties For Sale …………….……...

409

Properties For Sale …………….……...

352

-13.9%

Days on Market (Pending Sale) ….…..

75

Days on Market (Pending Sale) ….…..

73

-2.5%

Month’s supply of Inventory……….…

11.7

Month’s supply of Inventory……….…

7.7

-34.2%

Percent Under Contract ………….……

6.60%

Percent Under Contract ………….……

9.09%

37.7%

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.

Disclaimer
The Market Within A Market Report is brought to you by Regional Marketing Director, Michael
Lewis.

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:
Mitra & David Moradifar
Moradifar Group - Realtors
Keller Williams Realty
11812 San Vicente Blvd. Suite 100
Los Angeles, CA 90049
P 310.954.0577
E MoradifarGroup@gmail.com

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