andrea miller realty - 2nd quarter market statistics 2013_los angeles

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.

$2,127,500

$866

42

33

192

89

17.19%

$2,125,000

$960

49

47

177

82

26.55%

-0.1%

10.9%

16.7%

42.4%

-7.8%

-7.3%

54.5%

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) ….…..

Percent Under Contract ………….……








Q2 2012 Q2 2013 % CHANGE

$910,000

$471

50

48

133

48

36.09%

$1,150,000

$581

69

72

114

47

63.16%

26.4%

23.4%

38.0%

50.0%

-14.3%

-1.0%

75.0%

BEVERLY CENTER – MIRACLE MILE SFR















Q2 2012 Q2 2013 % CHANGE

$480,000

$375

17

21

51

48

41.18%

$508,000

$461

12

20

40

57

50.0%

5.8%

22.9%

-29.4%

-4.8%

-21.6%

17.9%

21.4%

BEVERLY CENTER – MIRACLE MILE CONDO















Q2 2012 Q2 2013 % CHANGE

$4,675,000

$947

41

37

212

104

17.45%

$4,200,000

$1,062

45

50

159

69

31.45%

-10.2%

12.1%

9.8%

35.1%

-25.0%

-33.8%

80.2%

BEVERLY HILLS SFR















Q2 2012 Q2 2013 % CHANGE

$1,050,000

$817

30

32

117

97

27.35%

$936,000

$725

35

31

73

80

42.47%

-10.9%

-11.3%

16.7%

-3.1%

-37.6%

-17.5%

55.3%

BEVERLY HILLS CONDO















Q2 2012 Q2 2013 % CHANGE

$2,025,000

$621

52

42

206

86

20.39%

$2,257,500

$679

40

40

162

69

24.69%

11.5%

9.3%

-23.1%

-4.8%

-21.4%

-20.0%

21.1%

BEVERLY HILLS P.O. SFR















Q2 2012 Q2 2013 % CHANGE

$799,000

$460

39

54

113

59

47.79%

$807,000

$491

44

40

81

53

49.38%

1.0%

6.7%

12.8%

-25.9%

-28.3%

-11.3%

3.3%

BEVERLYWOOD SFR















Q2 2012 Q2 2013 % CHANGE

$1,690,000

$722

68

70

226

70

30.97%

$2,400,000

$852

75

80

190

50

42.11%

42.0%

18.0%

10.3%

14.3%

-15.9%

-29.3%

35.9%

BRENTWOOD SFR















Q2 2012 Q2 2013 % CHANGE

$624,000

$406

43

43

126

52

34.13%

$680,000

$506

67

74

136

49

54.41%

9.0%

24.6%

55.8%

72.1%

7.9%

-6.0%

59.4%

BRENTWOOD CONDO















Q2 2012 Q2 2013 % CHANGE

$468,000

$344

14

20

36

50

55.56%

$675,000

$385

9

11

26

33

42.31%

44.2%

11.9%

-35.7%

-45.0%

-27.8%

-33.1%

-23.8%

BURBANK SFR















Q2 2012 Q2 2013 % CHANGE

$155,000

$172

1

3

12

20

25.00%

$350,000

$326

5

6

15

33

40.00%

125.8%

89.5%

400.00%

100.00%

25.0%

66.9%

60.0%

BURBANK CONDO















Q2 2012 Q2 2013 % CHANGE

$1,250,000

$336

7

8

32

97

25.00%

$960,000

$318

13

13

34

92

38.24%

-23.2%

12.5%

85.7%

62.5%

6.2%

-5.1%

52.9%

CALABASAS SFR















Q2 2012 Q2 2013 % CHANGE

$305,000

$254

3

3

5

31

60.00%

$590,000

$371

3

2

2

38

100.00%

93.4%

46.1%

0.0%

-33.3%

-60.0%

23.9%

66.7%

CALABASAS CONDO















Q2 2012 Q2 2013 % CHANGE

$1,287,500

$528

22

19

48

50

39.58%

$1,430,500

$616

28

27

49

29

55.10%

11.1%

16.7%

27.3%

42.1%

2.1%

-42.9%

39.2%

CHEVIOT HILLS-RANCH PARK SFR















Q2 2012 Q2 2013 % CHANGE

$645,000

$453

38

45

101

39

44.55%

$800,000

$511

43

64

106

29

60.38%

24.0%

12.8%

13.2%

42.2%

5.0%

-25.7%

35.5%

CULVER CITY SFR















Q2 2012 Q2 2013 % CHANGE

$276,500

$278

44

41

74

55

55.41%

$375,000

$349

51

63

80

19

78.75%

35.6%

25.5%

15.9%

53.7%

8.1%

-65.2%

42.1%

CULVER CITY CONDO















Q2 2012 Q2 2013 % CHANGE

$145,000

$126

13

24

53

57

45.28%

$276,500

$179

12

9

32

38

28.12%

90.7%

42.1%

-7.7%

-62.50%

-39.6%

-34.6%

-37.9%

DOWNTOWN SFR















Q2 2012 Q2 2013 % CHANGE

$407,500

$416

80

95

227

59

41.85%

$540,000

$547

89

77

187

43

41.18%

32.5%

31.5%

11.2%

-18.9%

-17.6%

-28.3%

-1.6%

DOWNTOWN CONDO















Q2 2012 Q2 2013 % CHANGE

$1,050,000

$344

23

22

95

46

23.16%

$1,100,000

$413

32

39

94

46

41.49%

4.8%

20.1%

39.1%

77.3%

-1.1%

0.1%

79.2%

ENCINO SFR















Q2 2012 Q2 2013 % CHANGE

$162,706

$198

4

17

14

84

50.00%

$285,000

$236

5

12

24

12

50.00%

75.2%

19.2%

25.0%

71.4%

71.4%

-85.9%

0.0%

ENCINO CONDO















Q2 2012 Q2 2013 % CHANGE

$957,250

$471

60

57

177

66

32.20%

$1,199,000

$554

67

81

176

42

46.02%

25.03%

17.6%

11.7%

42.1%

-0.6%

-37.1%

42.9%

HANCOCK PARK-WILSHIRE SFR















Q2 2012 Q2 2013 % CHANGE

$361,000

$327

16

15

39

39

38.46%

$543,500

$523

10

17

34

58

50.00%

50.6%

59.9%

-37.5%

13.3%

-12.8%

50.3%

30.0%

HOLLYWOOD SFR















Q2 2012 Q2 2013 % CHANGE

$473,500

$370

22

25

101

61

24.75%

$560,000

$458

39

31

66

79

46.97%

18.3%

23.8%

77.3%

24.0%

-34.7%

-29.0%

89.8%

HOLLYWOOD CONDO















Q2 2012 Q2 2013 % CHANGE

$907,950

$469

35

33

114

42

28.95%

$937,500

$481

48

41

111

51

36.94%

3.3%

2.6%

37.1%

24.2%

-2.6%

21.5%

27.6%

HOLLYWOOD HILLS EAST SFR















Q2 2012 Q2 2013 % CHANGE

$1,000,000

$485

49

51

136

42

37.5%

$1,036,450

$537

61

77

150

40

51.33%

3.6%

10.7%

24.5%

51.0%

10.3%

-3.9%

36.9%

LOS FELIZ SFR















Q2 2012 Q2 2013 % CHANGE

$315,000

$361

5

5

17

30

29.41%

$432,500

$430

4

4

7

28

57.14%

37.3%

19.1%

-20.0%

-20.0%

-58.8%

-6.5%

94.3%

LOS FELIZ CONDO















Q2 2012 Q2 2013 % CHANGE

$1,536,000

$605

43

46

311

136

14.79%

$1,980,000

$683

39

53

280

141

18.93%

28.9%

12.9%

-9.3%

15.2%

-10.0%

3.4%

28.0%

MALIBU SFR















Q2 2012 Q2 2013 % CHANGE

$6,296,875

$1,832

20

20

137

345

14.60%

$3,902,500

$1,665

12

9

108

101

8.33%

-38.0%

-9.1%

-40.0%

-55.0%

-21.2%

-70.8%

-42.9%

MALIBU BEACH SFR















Q2 2012 Q2 2013 % CHANGE

$1,495,000

$469

13

14

43

70

32.56%

$1,767,500

$558

12

10

30

53

33.33%

19.8%

19.0%

-7.7%

-28.6%

-30.2%

-24.1%

2.4%

MARINA DEL REY SFR















Q2 2012 Q2 2013 % CHANGE

$575,000

$389

72

91

254

78

35.83%

$732,500

$501

71

78

200

66

39.00%

27.4%

28.8%

-1.4%

-14.3%

-21.3%

-15.4%

8.9%

MARINA DEL REY CONDO















Q2 2012 Q2 2013 % CHANGE

$299,000

$207

57

48

119

52

40.34%

$460,000

$293

56

56

106

27

52.83%

53.8%

41.5%

-1.8%

16.7%

-10.9%

-48.2%

31.0%

MID LOS ANGELES SFR















Q2 2012 Q2 2013 % CHANGE

$363,750

$241

12

10

31

37

32.26%

$466,250

$295

6

4

28

24

14.29%

28.2%

22.4%

-50.0%

-60.0%

-9.7%

-36.0%

-55.7%

MID WILSHIRE SFR















Q2 2012 Q2 2013 % CHANGE

$1,841,975

$725

70

84

262

47

32.06%

$2,085,000

$803

100

107

231

63

46.32%

13.2%

10.8%

42.9%

27.4%

-11.8%

34.0%

44.5%

PACIFIC PALISADES SFR















Q2 2012 Q2 2013 % CHANGE

$759,000

$507

76

83

155

35

53.55%

$880,000

$559

85

93

129

32

72.09%

15.9%

10.3%

11.8%

12.0%

-16.8%

-7.3%

34.6%

PALMS – MAR VISTA SFR















Q2 2012 Q2 2013 % CHANGE

$1,945,000

$779

62

61

184

49

33.15%

$2,105,000

$902

72

75

153

48

49.02%

8.2%

15.8%

16.1%

23.0%

-16.8%

-3.9%

47.9%

SANTA MONICA SFR















Q2 2012 Q2 2013 % CHANGE

$750,000

$605

109

120

267

66

44.94%

$752,500

$686

104

99

176

38

56.25%

0.3%

13.4%

-4.6%

-17.5%

-34.1%

-42.9%

25.2%

SANTA MONICA CONDO















Q2 2012 Q2 2013 % CHANGE

$800,000

$369

51

61

141

44

43.26%

$929,000

$460

57

67

128

47

52.34%

16.1%

24.7%

11.8%

9.8%

-9.2%

7.0%

21.0%

SHERMAN OAKS SFR















Q2 2012 Q2 2013 % CHANGE

$325,000

$235

12

12

29

50

41.38%

$440,000

$286

13

24

40

25

60.00%

35.4%

21.7%

8.3%

100.0%

37.9%

-51.3%

45.0%

SHERMAN OAKS CONDO















Q2 2012 Q2 2013 % CHANGE

$590,000

$401

63

63

135

41

46.67%

$735,000

$516

67

70

112

35

62.50%

24.6%

28.7%

6.3%

11.1%

-17.0%

-16.2%

33.9%

SILVER LAKE – ECHO PARK SFR















Q2 2012 Q2 2013 % CHANGE

$987,500

$438

38

36

91

55

39.56%

$894,000

$483

34

42

99

36

42.42%

-9.5%

10.3%

-10.5%

16.7%

8.8%

-35.7%

7.2%

STUDIO CITY SFR















Q2 2012 Q2 2013 % CHANGE

$360,000

$285

11

10

22

77

45.45%

$475,500

$334

15

28

43

31

65.12%

32.1%

17.2%

36.4%

180.0%

95.5%

-60.1%

43.3%

STUDIO CITY CONDO















Q2 2012 Q2 2013 % CHANGE

$1,410,000

$598

107

95

441

70

21.54%

$1,450,000

$763

137

145

375

52

38.67%

2.8%

27.6%

28.0%

52.6%

-15.0%

-26.0%

79.5%

SUNSET STRIP – HOLLYWOOD HILLS WEST SFR















Q2 2012 Q2 2013 % CHANGE

$383,836

$501

13

13

56

65

23.21%

$415,000

$674

19

20

38

45

52.63%

8.1%

34.5%

46.2%

53.28%

-32.1%

-31.7%

126.7%

SUNSET STRIP – HOLLYWOOD HILLS WEST CONDO















Q2 2012 Q2 2013 % CHANGE

$687,000

$441

20

20

95

85

21.05%

$1,147,500

$498

26

33

77

77

42.86%

67.0%

12.9%

30.0%

65.0%

-18.9%

-10.0%

103.6%

TOPANGA SFR















Q2 2012 Q2 2013 % CHANGE

$

$

1

%

$

$

%

%

%

%

%

%

%

%

TOPANGA CONDO















Q2 2012 Q2 2013 % CHANGE

$1,000,000

$664

53

62

160

77

38.75%

$1,512,500

$891

52

65

129

63

50.39%

51.2%

34.2%

-1.9%

4.8%

-19.4%

-17.9%

30.0%

VENICE SFR















Q2 2012 Q2 2013 % CHANGE

$940,000

$540

10

8

34

87

23.53%

$1,145,000

$651

25

20

31

37

64.52%

21.8%

20.6%

150.0%

150.0%

-8.8%

-57.0%

174.2%

VENICE CONDO















Q2 2012 Q2 2013 % CHANGE

$900,000

$586

29

31

89

45

34.83%

$1,107,500

$730

40

40

75

36

53.33%

23.1%

24.6%

37.9%

29.0%

-15.7%

-20.5%

53.1%

WEST HOLLYWOOD SFR















Q2 2012 Q2 2013 % CHANGE

$395,500

$415

88

96

239

81

40.17%

$505,000

$482

91

104

229

41

45.41%

27.7%

16.1%

3.4%

8.3%

-4.2%

-49.2%

13.1%

WEST HOLLYWOOD CONDO















Q2 2012 Q2 2013 % CHANGE

$548,500

$501

14

23

48

68

47.92%

$785,000

$591

19

18

38

22

47.37%

43.1%

18.0%

35.7%

-21.7%

-20.8%

-67.4%

-1.1%

WEST LOS ANGELES SFR















Q2 2012 Q2 2013 % CHANGE

$639,900

$403

57

57

112

36

50.89%

$752,500

$462

68

79

117

25

67.52%

17.6%

14.6%

19.3%

38.6%

4.5%

-31.8%

32.7%

WESTCHESTER SFR















Q2 2012 Q2 2013 % CHANGE

$170,000

$177

3

8

24

71

33.33%

$386,990

$307

7

5

9

67

55.56%

127.6%

73.4%

133.3%

-37.5%

-62.5%

-5.7%

66.7%

WESTCHESTER CONDO















Q2 2012 Q2 2013 % CHANGE

$1,225,000

$579

49

52

131

40

39.69%

$1,351,250

$670

58

51

97

34

52.58%

10.3%

15.7%

18.4%

-1.9%

-26.0%

-14.1%

32.5%

WESTWOOD – CENTURY CITY SFR















Q2 2012 Q2 2013 % CHANGE

$568,500

$456

128

115

427

93

26.93%

$672,500

$488

144

139

413

58

33.66%

18.3%

7.0%

12.5%

20.9%

-3.3%

-37.7%

25.0%

WESTWOOD – CENTURY CITY CONDO















Q2 2012 Q2 2013 % 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.

Disclaimer

The Market Within A Market Report is brought to you by ANDREA MILLER 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:

ANDREA MILLER INTERNATIONAL DIRECTOR Keller Williams Realty Brentwood Mobile: 310-980-9979 11812 San Vicente Blvd. Suite 100

Los Angeles, CA 90049 [email protected] www.AndreaMillerRealty.com

andrea miller realty - 2nd quarter market statistics 2013_los angeles

Documents

sale properties

market pending sale

average price

sales price

square foot

real estate market

specialized market trends

different climate