Los Angeles Real Estate by Neighborhood 1st Qtr 2014

Let’s check in in the Los Angeles real estate real estate market by neighborhood for the 1st Qtr of 2014 and compare it to the same period in 2013. Which areas favor sellers and which favor buyers?

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

Los Angeles homes for sale 1st Qtr 2014 mRKET REPORT

The comparison is against the last Quarter of 2013.

Los Angeles Single Family Homes

Community Sold +/- Median
% +/- Active Median Pending
Bel Air/Holmby Hills* 38 = $1,887,500 +52.53 78 $5,500,000 24
Beverly Center | MM* 41 = $1.040,000 +17.88 27 $1,295,000 29
Beverly Hills P.O. 34 -5 $1,775,000 +36.06 92 $3,195,000 27
Beverlywood 40 +5 $861,000 +19.58 29 $899.000 33
Cheviot Hills/Rancho Pk * 11 -3 $1,951,000 +62.04 10 $2,375,000 11
Hancock Park Vicinity* 61 +17 $875,000 +46.20 82 $1,324,500 44
Hollywood 9 -6 $800,000 +36.75 32 $879,500 11
Hollywood Hills E. 27 -9 $1,255,000 +31.41 42 $1,412,000 27
Hollywood Hills W/Sunset 100 -1 $1,527,000 +25.78 179 $2,150,000 73
Los Feliz/Atwater Village* 54 -10 $1,005,000 +13.25 58 $1,646,000 41
Malibu 48 -13 $2,179,459 +32.09 227 $4,500,000 34
Marina Del Rey 12 +2 $1,670,000 -0.15 11 $3,250,000 12
Pacific Palisades 63 +9 $2,550,000 +9.47 72 $2,807,500 48
Palms/Mar Vista* 67 -1 $1,025,000 +27.97 37 $1,250,000 43
Playa Del Rey 12 +4 $1,181,053 +37.74 15 $2,295,000 4
Silver Lake | Echo Park* 64 -13 $707,500 +16.94 49 $649,900 50
Studio City 66 = $1,140,000 +30.29 89 $1,379,000 59
Venice 46 +6 $1,350,000 +8.43 23 $1,849,000 45
West Los Angeles 18 -12 $835,000 +20.58 21 $965,000 14
Westchester 55 -1 $800,000 +15.48 41 $799,900 40

 

Los Angeles Condos

Community Sold +/- Median
% +/- Active Median
Pending
Beverly Center | MM* 18 +2 $584,500 +15.17 17 $569,000 1
Beverlywood 11 = $561,100 +12.22 11 $669,000 14
Downtown L.A. 113 +8 $517,000 16.18 98 $532,500 77
Hancock Park Vicinity* 37 +6 $470,000 +8.41 58 $604,000 26
Hollywood 20 -4 $542,500 +2.65 40 $649,000 27
Hollywood Hills W/Sunset 10 -18 $490,000 +21.74 10 $456,950 6
Malibu 13 -2 $825,000 +0.6 35 $825,000 11
Marina Del Rey 68 +1 $717,450 +18.59 98 $832,000 49
Pacific Palisades 17 -1 $915,000 +16.19 15 $899,000 10
Palms/Mar Vista* 26 +1 $496,500 +21.10 24 $547,500 15
Playa Del Rey 34 +4 $469,000 +13.01 23 $469,000 14
Playa Vista 20 +2 $645,000 +19.72 9 $800,000 18
Studio City 38 +2 $525,000 +24.26 44 $577,000 20
West Los Angeles 43 +8 $577,000 +3.04 41 $725,000 24

 

Sellers’ Market Stable Market Buyers’ Market
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.

In almost all areas, the median price has risen significantly over the same period as last year. Sales have remained flat or risen in most areas also

For single family home he Los Angeles real estate market remains a sellers’ market with the exception of Bel Air/Holmby Hills, Beverly Hills Post Office which are balanced and Hollywood and Malibu which favors buyers.

For condos it is a sellers’ market with the exception of Malibu which also favors buyer.

Once again there is a shortage of inventory.

Other Los Angeles real estate market reports

Los Angeles homes for sale

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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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