Los Angeles Communities Real Estate Half Yearly Market Report June 2012

Half a year has passed already so let’s take a look how Los Angeles real estate is doing compared with the same period in 2011.  The +/- and percentage differences are over the first six  months of 2011

Los Angeles real estate housing market report June 2012

Los Angeles Single Family Homes

Community Active Under Contract Sold +/- Median +/- Market
Beverly Hills 101 25 69 -6 $4,175,000 +95%  *
Bel Air/Holmby Hills 117  34 74 -3 $1,815,000 +10%
Beverly Center | MM 52  53 97 +4 $850,000 -6.70%
Beverly Hills P.O. 100  40  88  +20 $1,825,000 +4.49%  **
Beverlywood 38  44 97 +35 $730,000 -4.89%
Brentwood 89  41 114 +16 $1,695,000 -10.20%
Cheviot Hills/Rancho Pk  18  12 38 -1 $1,287,500 +1.78%
Culver City 33  46  84 +23 $584,250  +1.61%
Hollywood 15 14 32  +8 $412,500 +0.36%
Hollywood Hills E. 59  30 82 +15 $849,500 +3.64%
Hollywood Hills W/Sunset 15  14  32 +8 $412,500  +0.36%
Los Feliz/Atwater Village* 65  44 113  +15 $895,000 +7.51%
Malibu 263 50  91 +16 $1,640,000  -13.46%  
Marina Del Rey 16 17 23 +6 $1,475,000 +28.25%
Pacific Palisades 114 44 121  -18 $1,825,000 +13.44% **
Palms/Mar Vista 56  54 145  +22 $729,000 +1.39%
Playa Del Rey 12  13  30 +13 $832,500 -7.14%
Santa Monica 69  47 123 +11 $1,725,000 +27.78%
Silver Lake | Echo Park 55 60  160 -10 $522,500  -1.42%
Studio City  72 63 132 -4 $849,000 +9.69%
Venice 53 53 89  = $960,000 =
West Los Angeles 44 48 115 +11 $940,000 +8.42%
Westchester 40 58 135 +18 $600,000  -5.51%
Westwood 26 18 43 +10 $1,450,000 -14.71%

* Beverly Hills is its own unique neighborhood.  With different price points, a rise of 95% in the overall  median is not a true figure.

Sales of single family homes are up over the same period last year except in Beverly Hills, Holmby Hills, Cheviot Hills and Pacific Palisades.

Except for Bel Air and Malibu, Los Angeles real estate is heavily into a sellers’ market, with inventory low.

Los Angeles Condos

 Community Active Under Contract Sold +/- Median +/- Market
Beverly Hills 52 20 66 +19 $850,000 +13.94%
Beverly Center | MM 21 16 44 +1 $478,500 -7.98%
Brentwood 42 28 79 -5 $559,000 -6.83%
Culver City 22 50 107 +24 $260,000 -15.31%
Hollywood 43 26 37 +1 $454,000 +18.88% **
Hollywood Hills W/Sunset 43 26 37 +1 $454,000 +18.88%
Malibu 52 12 30 +2 $602,500 +21.11  **
Marina Del Rey 101  58 138 +6 $539,500 -6.26%
Pacific Palisades 23 14  28 +6 $654,500 -5.82%
Palms/Mar Vista 21 26 71 +31  $360,000 +3.45%
Playa Del Rey 14 55 60 +17 $325,000 -7.14%
Playa Vista 16 37 62 +15 $511,000 +3.23%
Santa Monica  103 90 208 +29  $672,500 +3.46%
Studio City 20  28 68 +16 $380,900 -7.66%
Venice 10  6 21 +4 $900,000 +5.14%
West Los Angeles  69 81 174 +35 $521,500 +0.67%
Westwood/Century City  181 69 151 +16 $530,000 .021% **

The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed

Sellers’ Market Buyers’ Market Stable Market
Less than 6 months inventory More than 6 months inventory  **

The Los Angeles condo market also favors sellers in all but three areas, again with inventory low.

This is a continuing complaint from Los Angeles home buyers.  Let’s get some new homes on the market.

Recent Posts

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Los Angeles Real Estate Weekly Update | Week Ending June 17th, 2012

How is the Real Estate Market in Los Angeles Right Now? First Quarter 2012 Stats

For market reports by specific areas check out the sidebar.

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Jane Peters

Jane Peters is a Los Angeles Realtor®, specializing in absentee owners, out-of-town-buyers and those needing that extra personal touch to make the buying and selling of Los Angeles real estate a smooth and, believe it or not, fun process.

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