Los Angeles Homes for Sale by Neighborhood 2nd Qtr 2014

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.

Los Angeles real estate market report

 

The comparison is against the First Quarter of 2014.

Los Angeles Single Family Homes

Community Sold +/- Median
% +/- Active Median Pending Market
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
Beverlywood 55 +15 $910,000 +5.69 45 $949.000 35 S
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 22 +13 $1.040,000 +30.00 28 $770,000 24 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
Malibu 57 +9 $2,459,000 +12.83 248 $3,922,500 36 B
Marina Del Rey 23 +11 $1,720,000 +2.99 16 $2,049,000 7 S
Pacific Palisades 88 +25 $2,542,500 +0.29 75 $3,300,000 36 S
Palms/Mar Vista* 89 +22 $980,000 -4.39 69 $1,250,000 42 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
Studio City 105 +39 $1,200,000 +5.26 92 $1,295,000 48 S
Venice 64 +18 $1,350,000 +18.51 36 $1,695,000 22 S
West Los Angeles 35 +17 $880,000 +5.39 26 $977,000 16 S
Westchester 82 +27 $811,000 +1.38 47 $849,000 46 S

 

Los Angeles Condos

Community Sold +/- Median
% +/- Active Median
Pending Market
Beverly Center | MM* 29 +11 $650,000 +11.30 22 $639,000 20 S
Beverlywood 18 +7 $655,000 +16.73 11 $669,000 15 S
Downtown L.A. 139 +26 $517,000 +6.39 112 $542,500 72 S
Hancock Park Vicinity* 48 +6 $505,250 +7.50 50 $614,000 13 S
Hollywood 52 +30 $573,500 +5.71 28 $697,000 13 =
Hollywood Hills W/Sunset 31 +21 $485,000 -1.02 28 $556,500 14 S
Malibu 14 +1 $903,750 +9.55 39 $895,000 10 B
Marina Del Rey 93 +25 $775,000 +8.02 87 $849,000 33 S
Pacific Palisades 21 +3 $825,000 -9.84 14 $834,750 10 S
Palms/Mar Vista* 26 +1 $496,500 +21.10 24 $547,500 15 S
Playa Del Rey 37 +3 $485,000 +3.41 25 $459,000 15 S
Playa Vista 30 +10 $726,500 +12.64 23 $799,000 16 S
Studio City 41 +3 $560,000 +6.67 41 $599,000 25 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.

Other Los Angeles real estate market reports

Los Angeles homes for sale

Get help with your home search. 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.

More Posts - Website - Twitter - Facebook - LinkedIn - Pinterest - Google Plus - YouTube

Add Comment Register



Speak Your Mind

*