If you are buying Los Angeles real estate or selling, mortgage interest rates are low, home prices are probably at or near bottom, and in many areas are rising. If you are selling Los Angeles real estate, the same applies. Let’s see how this week compares with Los Angeles real estate sales week ending June 17th.
The +/- indicates the difference over the previous week.
New listings may also reflect properties that dropped out of escrow and came back on the market.
All figures are for units that came on the market, went pending (into escrow) or sold over the past week.
Los Angeles Single Family Homes
| Community | New | +/- | Median | Pending | +/- | Sold | +/- | Median | High | Low |
| Beverly Hills | 4 | -3 | $3,795,000 | 5 | +1 | 5 | +3 | $3,200,000 | $7,750,000 | $3,200,000 |
| Bel Air/Holmby Hills | 4 | -6 | $6,072,500 | 3 | +1 | 3 | +2 | $1,900,000 | $11,125,000 | $15,075,000 |
| Beverly Center | MM | 5 | -2 | $849,000 | 5 | -3 | 6 | +4 | $530,000 | $1,226,000 | $802,475 |
| Beverly Hills P.O. | 6 | -4 | $1,900,000 | 4 | -6 | 2 | = | $2,037,500 | $2,250,000 | $1,825,000 |
| Beverlywood | 7 | +4 | $912,000 | 1 | -6 | 4 | +2 | $730,000 | $780,000 | $315,000 |
| Brentwood | 5 | -4 | $1,995,000 | 9 | -2 | 5 | +1 | $2,075,000 | $3,290,000 | $1,149,000 |
| Cheviot Hills/Rancho Pk | 3 | +1 | $1,225,000 | 1 | -1 | 1 | -2 | $1,485,000 | N/A | N/A |
| Culver City | 11 | +4 | $739,000 | 5 | -4 | 4 | -3 | $562,000 | $370,000 | $880,000 |
| Hollywood | 2 | +1 | $564,000 | 2 | +2 | 4 | +2 | $477,000 | $273,500 | $1,265,000 |
| Hollywood Hills E. | 7 | +4 | $1,049,800 | 1 | -4 | 3 | +1 | $1,225,000 | $606,000 | $2,560,000 |
| Hollywood Hills W/Sunset | 23 | +7 | $1,397,500 | 14 | +3 | 7 | +4 | $1,470,000 | $435,000 | $9,800,000 |
| Los Feliz/Atwater Village* | 3 | -4 | $895,000 | 4 | -2 | 4 | +3 | $620,950 | $516,500 | $985,000 |
| Malibu | 8 | -2 | $3,172,500 | 4 | -3 | 7 | +1 | $3,200,000 | $205,000 | $7,000,000 |
| Marina Del Rey | 3 | +3 | $1,445,000 | 4 | +3 | 0 | = | N/A | N/A | N/A |
| Pacific Palisades | 18 | +9 | $1,945,000 | 11 | -3 | 8 | = | $1,797,500 | $1,200,000 | $8,645,000 |
| Palms/Mar Vista | 10 | -2 | $764,375 | 7 | +2 | 5 | +1 | $688,000 | $460,000 | $840,000 |
| Playa Del Rey | 0 | -1 | N/A | 0 | -2 | 0 | = | N/A | N/A | N/A |
| Playa Vista | 0 | = | N/A | 1 | = | 1 | +1 | $939,000 | N/A | N/A |
| Santa Monica | 7 | -4 | $1,359,000 | 7 | -1 | 3 | -1 | $3,463,000 | $2,730,000 | $3,770,000 |
| Silver Lake | Echo Park | 7 | -8 | $575,000 | 7 | -4 | 5 | -10 | $709,000 | $532,500 | $874,150 |
| Studio City | 9 | -3 | $1,249,000 | 4 | -2 | 5 | -4 | $665,000 | $485,000 | $3,950,000 |
| Venice | 6 | +1 | $887,000 | 5 | -2 | 4 | = | $1,241,250 | $610,000 | $1,720,000 |
| West Los Angeles | 3 | +2 | $249,000 | 5 | = | 4 | +4 | $533,500 | $450,000 | $660,000 |
| Westchester | 11 | +7 | $710,000 | 10 | = | 6 | +4 | $734,000 | $530,500 | $850,500 |
| Westwood/Century City | 5 | +3 | $1,499,000 | 6 | +3 | 3 | +3 | $1,225,000 | $875,000 | $1,475,000 |
In terms of sales, the hottest areas are: Malibu and Hollywood Hills West.
For upcoming sales: Hollywood Hills West, Pacific Palisades and Westchester.
New inventory: Hollywood Hills West, Pacific Palisades, Culver City and Westchester.Echo Park
Los Angeles Condos
| Community | New | +/- | Median | Pending | +/- | Sold | +/- | Median | Low | High |
| Beverly Hills | 8 | +6 | $812,000 | 3 | +3 | 3 | +3 | $1.040.000 | $500,000 | $1,330,000 |
| Bel Air/Holmby Hills | 0 | = | N/A | 0 | = | 0 | = | N/A | N/A | N/A |
| Beverly Center | MM | 0 | -4 | N/A | 5 | +4 | 2 | +2 | $430,000 | $415,000 | $445,000 |
| Beverly Hills P.O. | 0 | = | N/A | 0 | = | 0 | = | N/A | N/A | N/A |
| Beverlywood | 2 | +1 | $494,450 | 2 | +2 | 0 | -1 | N/A | N/A | N/A |
| Brentwood | 3 | +2 | $499,000 | 5 | +2 | 2 | = | $512,000 | $400,000 | $624,000 |
| Cheviot Hills/Rancho Pk | 0 | = | N/A | 0 | = | 0 | = | 0 | N/A | N/A |
| Culver City | 0 | -3 | N/A | 4 | -3 | 3 | +2 | $265,000 | $252,500 | $383,000 |
| Hollywood | 2 | = | $619,004 | 6 | +4 | 5 | +4 | $380,000 | $260,000 | $715,000 |
| Hollywood Hills E. | 2 | = | $349,000 | 2 | +2 | 1 | -1 | $533,200 | N/A | N/A |
| Hollywood Hills W/Sunset | 3 | +1 | $975,000 | 0 | -1 | 0 | -2 | N/A | N/A | N/A |
| Los Feliz/Atwater Village* | 0 | = | N/A | 0 | = | 0 | = | N/A | N/A | N/A |
| Malibu | 4 | +1 | $917,000 | 0 | -1 | 1 | +1 | $825,000 | N/A | N/A |
| Marina Del Rey | 8 | = | $875,000 | 9 | -1 | 4 | -2 | $519,425 | $472,000 | $1,210,000 |
| Pacific Palisades | 2 | -1 | $754,500 | 0 | -2 | 3 | +2 | $592,000 | $580,000 | $698,000 |
| Palms/Mar Vista | 0 | -2 | N/A | 3 | -1 | 3 | +1 | $380,000 | $242,000 | $385,000 |
| Playa Del Rey | 2 | -1 | $389,750 | 2 | = | 0 | -1 | N/A | N/A | N/A |
| Playa Vista | 5 | +5 | $599,999 | 3 | -1 | 4 | +2 | $472,500 | $395,000 | $512,000 |
| Santa Monica | 9 | -5 | $499,000 | 9 | -8 | 5 | -3 | $930,000 | $510,000 | $1,025,000 |
| Silver Lake | Echo Park | 0 | = | N/A | 0 | -3 | 1 | -1 | $385,000 | N/A | N/A |
| Studio City | 3 | +2 | $609,900 | 3 | +1 | 3 | +1 | $425,000 | $300,000 | $455,000 |
| Venice | 2 | +2 | $1,109,000 | 0 | -1 | 0 | -2 | N/A | N/A | N/A |
| West Los Angeles | 3 | -1 | $539,000 | 6 | +3 | 1 | -1 | $415,000 | N/A | N/A |
| Westchester | 2 | = | $389,750 | 2 | = | 0 | -1 | N/A | N/A | N/A |
| Westwood/Century City | 16 | +2 | $614,450 | 16 | +2 | 3 | -8 | $680,000 | $637,5000 | $735,000 |
The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed
The Los Angeles condo market is much slower than the single family market. Not surprisingly, given the concentration of condos in those areas:
Top sales: Hollywood, Marina Del Rey, Playa Vista and Santa Monica
Pending: Hollywood, Beverly Center|Miracle Mile, Brentwood, Marina Del Rey, Santa Monica and Westwood|Century City
New inventory: Beverly Hills, Marina Del Rey, Santa Monica and Westwood|Century City
Recent Posts
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
Los Angeles homes for sale
Buying or Selling Los Angeles Real Estate
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