Let’s check in on the Los Angeles real estate real estate market by neighborhood for the 2nd Qtr of 2014 and compare it to the previous Qtr. How is the inventory? How are sales going?
The communities below exclude the cities of Beverly Hills, Santa Monica, West Hollywood, and Culver City, and the communities of Westwood, Brentwood and Century City which are covered separately, as is the Wilshire Corridor, which is part of the Westwood community.
The comparison is against the First Quarter of 2014.
Los Angeles Single Family Homes
|Bel Air/Holmby Hills*||30||8||$2,856,900||+140.58||96||$3,724,950,000||22||B|
|Beverly Center | MM*||50||+9||$1272,500||+22.36||44||$1,487,000||32||S|
|Beverly Hills P.O.||44||+10||$2,152,500||+21.27||100||$3,147,500||24||B|
|Cheviot Hills/Rancho Pk*||27||+16||$1,660,000||-14.92||16||$1,924,500||10||S|
|Hancock Park Vicinity*||68||+7||$1,252,500||+43.14||85||$1,345,000||48||S|
|Hollywood Hills E.||39||+12||$1,101,650||-12.22||62||$1,370,000||15||S|
|Hollywood Hills W/Sunset||110||+10||$1,699,090||+11.27||192||$2,324,500||59||S|
|Los Feliz/Atwater Village*||71||+17||$1,201,000||+19.50||61||$1,795,000||41||S|
|Marina Del Rey||23||+11||$1,720,000||+2.99||16||$2,049,000||7||S|
|Playa Del Rey||14||+2||$1,234,000||+4.48||15||$1,999,000||6||S|
|Silver Lake | Echo Park*||93||+29||$819,000||+15.76||66||$754,950||38||S|
|West Los Angeles
Los Angeles Condos
|Beverly Center | MM*||29||+11||$650,000||+11.30||22||$639,000||20||S|
|Hancock Park Vicinity*||48||+6||$505,250||+7.50||50||$614,000||13||S|
|Hollywood Hills W/Sunset||31||+21||$485,000||-1.02||28||$556,500||14||S|
|Marina Del Rey||93||+25||$775,000||+8.02||87||$849,000||33||S|
|Playa Del Rey||37||+3||$485,000||+3.41||25||$459,000||15||S|
|West Los Angeles||49||+6||$650,000||+12.65||41||$669,000||23||S|
|Sellers’ Market (S)||Stable Market (=)||Buyers’ Market (B)|
|Less than 5 months inventory||5 to 7 months inventory||More than 7 months inventory|
Information provided by MLS/CLAW deemed reliable but not guaranteed
*These areas areas with different demographics which are combined in the MLS, so if you would like a more targeted idea of sales, don’t hesitate to contact me.
Also, areas which have fewer than 50 sales in either single family or condos are excluded from that category.
Single family home sales were up almost across the board over the 1st Qtr, in some cases significantly, the same with the median prices.
Condo sales were up also, not quite as dynamically as for single family. Median prices were up.
Inventory is up overall, so hopefully the market will start to balance out a little. Let’s see what happens in the 3rd Qtr.
|Need Help? Have questions? Fill out the CONTACT FORM or call Jane at 310-473-6919