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From the Wires
West Los Angeles Apartments and Rentals Rent Survey: West L.A. - North July 2006
This Survey Report Contains Statistical and Sample Vacancy and Rental Housing Market Information for Los Angeles Rentals, Includ

By: Marketwire .
Aug. 11, 2006 04:30 PM

SANTA MONICA, CA -- (MARKET WIRE) -- 08/11/06 -- Since 1996 WestsideRentals.com has successfully connected hundreds of thousands of quality tenants with landlords and roommates. WestsideRentals.com is the definitive location for owners and managers of Los Angeles rentals to locate quality tenants searching for apartments in Los Angeles, condos in Los Angeles, houses for rent in Los Angeles, and guest houses for rent in Los Angeles. Initially started in Santa Monica, due to overwhelming demand from landlords in need of quality tenants to fill their vacancies, WestsideRentals.com has grown to cover most of Southern California. As a service to the rental community we regularly publish rent surveys to assist in making the rental market more transparent and efficient for all of its participants.

For July 2006, the average listed rent price of all listed rentals in these areas was $2,226.47, representing a 0.3% increase over two months ago. This was a general price increase across all rental types, with about 15% of listings in the West Los Angeles - North region being houses, duplexes, or triplexes, as opposed to apartments, condos, or townhouses. This ratio of houses to apartments was relatively unchanged over two months ago, when approximately 16% of listings in these areas were listed as houses, etc.

There was almost no change in the size of the listed rentals, as measured by the number of bedrooms. About 52% of the rentals listed in the West Los Angeles - North region have two or more bedrooms, with the rest being studios, singles, and one bedrooms. This has changed little in the last two months, when that percentage was about 52%.

The largest rent increases occured in Bel Air, where the total increase was 110.1% and Beverlywood, where the total increase was 19.8%. Rent prices also increased in Century City (up 18.5%), Beverly Hills (up 6.6%), Westwood (up 3.3%), and West L.A. (up 0.9%).

Rent prices decreased in Brentwood by 9.9% and Santa Monica by 4.2%.

This data is based on the listings at WestsideRentals.com, which are based entirely on the information provided by landlords who choose to list their vacancies on the service. WestsideRentals.com believes that the search for housing is a very personalized process. The best way for an individual to get educated on current market trends is to see the market in action. Register today to receive Free Listings in your email.

Additional information from this rent survey, including high-resolution charts and detailed reports for each area in this region can be found at http://www.westsiderentals.com/rentsurvey.cfm?survey=42_060804_A. All current and historical WestsideRentals.com rent surveys can be found at http://www.westsiderentals.com/rentsurvey/archive.cfm

Image Available: http://www.marketwire.com/mw/frame_mw?attachid=309396

For Press Inquiries, Please Contact:
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(310) 576-1450

Published Aug. 11, 2006
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