Los Angeles Home Sales Price vs Listing Price

With this shortage of Los Angeles homes for sale it would be good to check in and see how the sold price compares with the listing price in various Los Angeles communities.

Below is a chart showing the number of properties sold over the past three months, together with the median sold price, average days on the market and average sold vs. list price.

Let’s take a look:

Community Sold % Median
DOM
Bel Air | Holmby Hills* 39 92.88 $1,250,000 93
Beverly Center|Miracle Mile* 62 100.52 $850,000 46
Beverly Hills 50 94.80 $1,322,250 94
Beverly Hills P.O. 34  95.72  $1,750,000 104
Beverlywood 59 98.70 $650,500 67
Brentwood 99 94.29 $1,365,000 79
Century City 26 89.17 $1,000,000 75
Cheviot Hills | Rancho Pk * 13 103.17 $1,300,000 64
Culver City 85 100.04 $555,000 61
Downtown L.A. 130 97.84 $390,000 73
Hancock Park Vicinity* 74 98.00 $689,000 83
Hollywood 40 98.45 $558,500 71
Hollywood Hills E. 48  98.59 $850,000 84
Hollywood Hills W/Sunset 136 96.18 $1,044,653 93
Los Feliz | Atwater Village* 711 98.52  $825,000 72
Malibu 77 86.76 $1,700,000 169
Marina Del Rey 75 97.94 $620,000 80
Pacific Palisades 63 102.58  $1,595,000 86
Palms | Mar Vista* 93  100.62 $700,000 57
Playa Del Rey 37 98.27 $451,000 95
Playa Vista 19 100.35 $551,000 72
Santa Monica 137 98.43 $920,000 71
Silver Lake | Echo Park* 91 100.71 $570,000 71
Studio City 101 98.51 $740,000 64
Venice 48 99.57 $1,250,000 67
West Hollywood 125 98.29 $620,000 64
West Los Angeles 68 99.38 $599,000 85
Westchester 67 99.57 $641.400 57
Westwood 72 97.86 $625,000 79

Information provided by MLS/CLAW deemed reliable but not guaranteed

*These areas are combined in the MLS for search purposes

As you can well see most sellers received almost full price, with many getting over asking, and days on the market were, for the most part, were quite low.  (Days on the market is calculated from the time the listing came on the market to the time it went under contract).

Not surprisingly, the neighborhood that stand out is Malibu, at  86.76% of asking price and an average of 169 days on the market. Beverly Hills, Beverly Hills Post Office,  Bel Air and Brentwood also did not do as well.  These are some of the most expensive communities in the City, where homes tend to sit on the market longer, bringing pricing down.

This continues to be a great market for Los Angeles home sellers.

Previous Market Reports

Los Angeles Real Estate by Neighborhood:  2012 in Review

Los Angeles Communities Real Estate Half Yearly Market Report June 2012

Los Angeles homes for sale

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the CONTACT FORM or call me at 310-473-6919

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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