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 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
Los Angeles Real Estate Weekly Update | Week Ending June 24th, 2012
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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