Westside of LA Real Estate Stats May 2016

Westside LA Real Estate Stats

Westside of LA Real Estate Stats May 2016

May 2016 Westside of LA Real Estate Stats

Westside of LA Real Estate Stats May 2016 Market snapshot for Brentwood, Pacific Palisades and Santa Monica.

Brentwood CA 90049 Real Estate Stats

Brentwood Property Sales

May Brentwood Property sales were 52, up 26.8% from 41 in May of 2015 and 15.6% higher than the 45 sales last month. May 2016 sales were at their highest level compared to May of 2015 and 2014. May YTD sales of 200 are running 13.0% ahead of last year’s year-to-date sales of 177.

Brentwood Real Time Market Profile

May Average Sales Price: $2,806,361
May Sold Price Per Square Ft.: $805
Average Days on Market (Solds): 47
Total Properties Currently for Sale: 169

Brentwood Median Sales Price

The Brentwood Median Sales Price in May was $2,080,750, up 1.5% from $2,050,000 in May of 2015 and up 13.3% from $1,836,000 last month. The Average Sales Price in May was $2,806,361, up 1.7% from $2,758,110 in May of 2015 and up 3.6% from $2,708,868 last month. May 2016 ASP was at a mid range compared to May of 2015 and 2014.

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the ‘mix’ of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The May 2016 Selling Price per Square Foot of $805 was down -10.8% from $902 last month and down -0.7% from $811 in May of last year.

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The May 2016 Selling Price vs List Price of 100.0% was down from 100.2% last month and down from 100.9% in May of last year.

Brentwood Inventory & MSI

The Total Inventory of Properties available for sale as of May was 169, up 15.0% from 147 last month and up 15.8% from 146 in May of last year. May 2016 Inventory was at highest level compared to May of 2015 and 2014.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The May 2016 MSI of 3.3 months was at a mid range compared with May of 2015 and 2014.

The number of New Listings in May 2016 was 69, down -11.5% from 78 last month and down -13.8% from 80 in May of last year.

Brentwood Market Time

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for May was 47, down -2.1% from 48 days last month and down -11.3% from 53 days in May of last year. The May 2016 DOM was at a mid range compared with May of 2015 and 2014.

Pacific Palisades CA 90272

Pacific Palisades Property Sales

May Pacific Palisades Property sales were 29, down -12.1% from 33 in May of 2015 and 26.1% higher than the 23 sales last month. May 2016 sales were at their lowest level compared to May of 2015 and 2014. May YTD sales of 124 are running -8.8% behind last year’s year-to-date sales of 136.

Pacific Palisades Real Time Market Profile

May Average Sales Price: $3,105,194
May Sold Price Per Square Ft.: $882
Average Days on Market (Solds): 44
Total Properties Currently for Sale: 118

Pacific Palisades Price

The Median Sales Price in May was $1,950,000, down -40.0% from $3,250,000 in May of 2015 and equal to $1,950,000 last month. The Average Sales Price in May was $3,105,194, down -18.5% from $3,811,707 in May of 2015 and up 34.5% from $2,308,850 last month. May 2016 ASP was at a mid range compared to May of 2015 and 2014.

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the ‘mix’ of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The May 2016 Selling Price per Square Foot of $882 was up 7.4% from $821 last month and down -17.4% from $1,068 in May of last year.

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The May 2016 Selling Price vs List Price of 96.7% was down from 100.4% last month and down from 101.7% in May of last year.

Pacific Palisades Inventory & MSI

The Total Inventory of Pacific Palisades Properties available for sale as of May was 118, up 7.3% from 110 last month and up 16.8% from 101 in May of last year. May 2016 Inventory was at highest level compared to May of 2015 and 2014.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The May 2016 MSI of 4.1 months was at its highest level compared with May of 2015 and 2014.

The number of New Listings in May 2016 was 55, down -3.5% from 57 last month and up 7.8% from 51 in May of last year.

Pacific Palisades Market Time

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for May was 44, up 41.9% from 31 days last month and up 37.5% from 32 days in May of last year. The May 2016 DOM was at its highest level compared with May of 2015 and 2014.

Santa Monica CA 90401-90405

Santa Monica Property Sales

May Santa Monica Property sales were 62, down -18.4% from 76 in May of 2015 and 44.2% higher than the 43 sales last month. May 2016 sales were at a mid level compared to May of 2015 and 2014. May YTD sales of 232 are running -15.3% behind last year’s year-to-date sales of 274.

Santa Monica Real Time Market Profile

May Average Sales Price: $1,892,965
May Sold Price Per Square Ft.: $978
Average Days on Market (Solds): 27
Total Properties Currently for Sale: 147

Santa Monica Price

The Median Sales Price in May was $1,457,500, up 11.3% from $1,309,050 in May of 2015 and down -10.0% from $1,620,000 last month. The Average Sales Price in May was $1,892,965, up 3.3% from $1,832,365 in May of 2015 and down -12.1% from $2,152,397 last month. May 2016 ASP was at highest level compared to May of 2015 and 2014.

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the ‘mix’ of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The May 2016 Selling Price per Square Foot of $978 was down -7.5% from $1,057 last month and down -1.5% from $993 in May of last year.

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The May 2016 Selling Price vs List Price of 101.2% was up from 100.3% last month and down from 102.3% in May of last year.

Santa Monica Inventory & MSI

The Total Inventory of Santa Monica Properties available for sale as of May was 147, up 14.0% from 129 last month and up 1.4% from 145 in May of last year. May 2016 Inventory was at a mid range compared to May of 2015 and 2014.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The May 2016 MSI of 2.4 months was at a mid range compared with May of 2015 and 2014.

The number of New Santa Monica Listings in May 2016 was 78, down -3.7% from 81 last month and down -23.5% from 102 in May of last year.

Santa Monica Market Time

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for May was 27, down -22.9% from 35 days last month and down -35.7% from 42 days in May of last year. The May 2016 DOM was at a mid range compared with May of 2015 and 2014.

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