deasy penner podley Q1 2019 Market Analysis Report

Q1 2019 MARKET REPORT

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YOUR GUIDE TO MARKET PERFORMANCE & ANALYSIS

la county :: market snapshot SINGLE FAMILY HOMES

CONDOMINIUM HOMES

Data*

Q1 2019

Q1 2018

% Change

Data*

Q1 2019

Q1 2018

% Change

Median Price

$640,000

$630,000

1.59%

Median Price

$500,000

$495,000

1.01%

Avg. Price / Sq. Ft.

$479

$471

1.69%

Avg. Price / Sq. Ft.

$472

$462

2.22%

Properties Sold

8,661

10,015

-13.52%

Properties Sold

3,152

3,609

-12.66%

Days on Market

52

46

13.04%

Days on Market

53

41

29.27%

MEDIAN PRICE

MEDIAN PRICE

$640,000

$500,000

vs Q1 2018

+2%

$630,000

DAYS ON THE MARKET

+1%

$495,000

PROPERTIES SOLD

52

46

Q1 2019

Q1 2018

DAYS

vs Q1 2018

3,152

3,609

Q1 2019

Q1 2018

DAYS

“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.

The Market Report :: Q1 2019

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EXPLORE YOUR NEIGHBORHOOD

los angeles area NEIGHBORHOOD FOCUS Q1 2019 NEIGHBORHOOD

SINGLE FAMILY HOMES

# OF SALES

MED. SALE PRICE

AVG. $ / SQ. FT.

Baldwin Hills

NA

NA

NA

Beverly Hills

24

$6,885,000

$1,441

Beverly Hills PO

19

$3,136,820

$1,031

Beverlywood

27

$1,550,000

$818

Beverly Center - Miracle

31

$2,200,000

$876

Brentwood

47

$3,135,000

$1,007

Cheviot Hills - Rancho Park

14

$2,289,000

$956

Culver City

45

$1,295,000

$911

Downtown LA

23

$428,000

$360

Hancock Park - Wilshire

48

$1,670,950

$815

Hollywood

15

$1,245,000

$820

Hollywood Hills East

32

$1,357,500

$721

Ladera Heights

4

$1,504,710

$491

Leimert Park

2

$642,500

$541

Los Feliz

34

$1,710,000

$777

Mid - Los Angeles

63

$805,000

$545

Silver Lake - Echo Park

61

$975,000

$774

Studio City

64

$1,585,000

$702

Sunset Strip - HH West

73

$2,017,000

$946

5

$990,000

$447

Westwood - Century City

21

$1,900,000

$948

West Hollywood

21

$1,900,000

$948

West LA

19

$1,250,000

$796

692

$1,839,613

$803

View Park

TOTAL/AVERAGE

“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.

The Market Report :: Q1 2019

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The Market Report :: Q1 2019

West LA

West Hollywood

Westwood - Century City

View Park

Sunset Strip - HH West

Studio City

Silver Lake - Echo Park

Mid - Los Angeles

Los Feliz

Leimert Park

Ladera Heights

Hollywood Hills East

Hollywood

Hancock Park - Wilshire

Downtown LA

Culver City

Cheviot Hills - Rancho Park

Brentwood

Beverly Center - Miracle

Beverlywood

Beverly Hills PO

Beverly Hills

Baldwin Hills

los angeles area

MEDIAN PRICE

Q1 2019 — Q1 2018 SINGLE FAMILY HOMES 2018 2019

$7M

$5.25M

$3.5M

$1.75M

0

“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.

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los angeles area NEIGHBORHOOD FOCUS Q1 2019 NEIGHBORHOOD

CONDOMINIUM HOMES

# OF SALES

MED. SALE PRICE

AVG. $ / SQ. FT.

Baldwin Hills

1

$515,000

$507

Beverly Hills

14

$1,215,000

$778

Beverly Hills PO

NA

NA

NA

Beverlywood

11

$870,000

$656

Beverly Center - Miracle

21

$825,000

$684

Brentwood

29

$765,000

$678

Cheviot Hills - Rancho Park

NA

NA

NA

Culver City

41

$582,000

$579

Downtown LA

80

$607,500

$679

Hancock Park - Wilshire

36

$718,500

$533

Hollywood

23

$709,000

$594

Hollywood Hills East

9

$690,000

$522

Ladera Heights

1

$640,000

$408

NA

NA

NA

Los Feliz

9

$615,000

$578

Mid - Los Angeles

2

$538,750

$431

Silver Lake - Echo Park

17

$510,000

$598

Studio City

30

$668,750

$467

Sunset Strip - HH West

18

$602,750

$728

View Park

NA

NA

NA

Westwood - Century City

93

$920,000

$748

West Hollywood

66

$805,000

$732

West LA

28

$824,750

$622

529

$756,778

$640

Leimert Park

TOTAL/AVERAGE

“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.

The Market Report :: Q1 2019

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The Market Report :: Q1 2019

West LA

West Hollywood

Westwood - Century City

View Park

Sunset Strip - HH West

Studio City

Silver Lake - Echo Park

Mid - Los Angeles

Los Feliz

Leimert Park

Ladera Heights

Hollywood Hills East

Hollywood

Hancock Park - Wilshire

Downtown LA

Culver City

Cheviot Hills - Rancho Park

Brentwood

Beverly Center - Miracle

Beverlywood

Beverly Hills PO

Beverly Hills

Baldwin Hills

los angeles area

MEDIAN PRICE

Q1 2019 CONDOMINIUM HOMES 2018 2019

$1.3M

$975K

$650K

$325K

0

“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.

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neighborhood spotlight

SOUTH LOS ANGELES With the Metro Crenshaw/LAX Line currently under construction, the Los Angeles Rams heading to their new Inglewood stadium in 2019, and the revamp of the Baldwin Hills Crenshaw Plaza into a pedestrian-oriented retail village à la The Grove, South LA is having a serious moment. Located south of the 10 Freeway and home

What You Get for $1.1 Million A 1962 Japanese-influenced post-and-beam house in Los Angeles, with three bedrooms and three and a half bathrooms, is on the market for $1.099 million. The great room has a tongue-and-groove ceiling and sunken...

to communities such as Baldwin Hills, Ladera Heights, Inglewood, View Heights, Jefferson Park, Leimert Park and View Park (recently added to the National Register of Historic Places), South LA is culturally and ethnically diverse and features a mixture of Spanish Colonial Revival, Ranch, Bungalows, Streamline Moderne, and Mid-Century Modern architecture. You’ll find locals climbing the stairs at Baldwin Park Scenic Overlook, dining at Woody’s Bar-B-Que, Orleans & York (voted Best Po-Boy by LA magazine), and Ackee Bamboo

View more on our blog

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(authentic Jamaican), and attending the annual Leimert Park Village Book Fair, regarded as one of the best in the city.

The Market Report :: Q1 2019

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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA

BALDWIN HILLS

SFR

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

NA NA NA NA

$929,000 $471 2 78

NA NA NA NA

$515,000 $507 1 89

$580,000 $315 1 6

-11.21% 61.16% 0.00% 1383.33%

Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

BEVERLY HILLS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

SFR Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$6,885,000 $1,441 24 80

$6,602,500 $1,632 32 81

4.28% -11.73% -25.00% -1.23%

$1,215,000 $778 14 64

$1,232,500 $758 22 49

-1.42% 2.68% -36.36% 30.61%

SFR Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$3,136,820 $1,031 19 88

$2,407,000 $876 33 93

30.32% 17.66% -42.42% -5.38%

NA NA NA NA

$555,000 $772 1 161

NA NA NA NA

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$1,550,000 $818 27 61

$1,527,563 $751 28 47

1.47% 9.05% -3.57% 29.79%

$870,000 $656 11 66

$900,000 $621 9 53

-3.33% 5.63% 22.22% 24.53%

BEVERLY CENTER :: MIRACLE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

Q1 2019

BEVERLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

Q1 2019

BEVERLY HILLS PO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$2,200,000 $876 31 49

$1,810,000 $835 43 69

21.55% 4.95% -27.91% -28.99%

$825,000 $684 21 75

$739,575 $663 12 31

11.55% 3.16% 75.00% 141.94%

“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.

The Market Report :: Q1 2019

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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA

BRENTWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

SFR

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$3,135,000 $1,007 47 67

$3,205,000 $1,029 57 80

-2.18% -2.15% -17.54% -16.25%

$765,000 $678 29 49

$823,500 $683 28 50

-7.10% -0.68% 3.57% -2.00%

CHEVIOT HILLS :: RANCHO PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$2,289,000 $956 14 60

$2,010,000 $926 16 46

13.88% 3.33% -12.50% 30.43%

NA NA NA NA

NA NA NA NA

NA NA NA NA

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$1,295,000 $911 45 43

$1,356,312 $883 38 40

-4.52% 3.10% 18.42% 7.50%

$582,000 $579 41 52

$622,500 $558 48 26

-6.51% 3.77% -14.58% 100.00%

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$428,000 $360 23 46

$366,430 $399 24 34

16.80% -9.69% -4.17% 35.29%

$607,500 $679 80 75

$610,000 $704 109 68

-0.41% -3.56% -26.61% 10.29%

HANCOCK PARK :: WILSHIRE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

Q1 2018

DOWNTOWN LA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

SFR

Q1 2019

CULVER CITY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$1,670,950 $815 48 53

$1,790,000 $692 45 63

-6.65% 17.84% 6.67% -15.87%

$718,500 $533 36 63

$655,000 $519 39 42

9.69% 2.66% -7.69% 50.00%

“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.

The Market Report :: Q1 2019

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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA

HOLLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

SFR

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$1,245,000 $820 15 53

$1,225,000 $701 19 54

1.63% 17.00% -21.05% -1.85%

$709,000 $594 23 83

$695,000 $568 24 66

2.01% 4.53% -4.17% 25.76%

HOLLYWOOD HILLS EAST Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$1,357,500 $721 32 52

$1,383,500 $710 30 54

-1.88% 1.60% 6.67% -3.70%

$690,000 $522 9 59

$420,000 $507 3 50

64.29% 2.91% 200.00% 18.00%

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$1,504,710 $491 4 41

$1,210,000 $530 10 35

24.36% -7.22% -60.00% 17.14%

$640,000 $408 1 111

$600,000 $348 1 14

6.67% 17.13% 0.00% 692.86%

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$642,500 $541 2 13

NA NA NA NA

NA NA NA NA

NA NA NA NA

NA NA NA NA

NA NA NA NA

LOS FELIZ Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

Q1 2018

LEIMERT PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

SFR

Q1 2019

LADERA HEIGHTS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$1,710,000 $777 34 58

$1,725,000 $760 45 56

-0.87% 2.15% -24.44% 3.57%

$615,000 $578 9 54

$735,000 $687 7 66

-16.33% -15.85% 28.57% -18.18%

“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.

The Market Report :: Q1 2019

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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA

MID LOS ANGELES Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

SFR

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$805,000 $545 63 44

$748,500 $499 90 49

7.55% 9.27% -30.00% -10.20%

$538,750 $431 2 52

$760,000 $496 1 101

-29.11% -13.10% 100.00% -48.51%

SILVER LAKE :: ECHO PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$975,000 $774 61 56

$915,000 $741 79 56

6.56% 4.53% -22.78% 0.00%

$510,000 $598 17 66

$692,500 $582 10 25

-26.35% 2.68% 70.00% 164.00%

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$1,585,000 $702 64 65

$1,592,500 $640 80 49

-0.47% 9.75% -20.00% 32.65%

$668,750 $467 30 61

$620,000 $485 36 45

7.86% -3.87% -16.67% 35.56%

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$2,017,000 $946 73 63

$1,860,000 $902 92 66

8.44% 4.87% -20.65% -4.55%

$602,750 $728 18 41

$632,500 $608 20 71

-4.70% 19.83% -10.00% -42.25%

VIEW PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

Q1 2018

SUNSET STRIP :: HH WEST Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

SFR

Q1 2019

STUDIO CITY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$990,000 $447 5 59

$1,207,500 $463 6 35

-18.01% -3.43% -16.67% 68.57%

NA NA NA NA

NA NA NA NA

NA NA NA NA

“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.

The Market Report :: Q1 2019

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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA

WESTWOOD :: CENTURY CITY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$1,830,000 $867 21 52

$2,275,000 $926 33 37

-19.56% -6.36% -36.36% 40.54%

$920,000 $748 93 67

$975,000 $715 127 58

-5.64% 4.51% -26.77% 15.52%

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$1,900,000 $948 21 48

$1,975,000 $1,041 29 53

-3.80% -8.96% -27.59% -9.43%

$805,000 $732 66 53

$740,000 $714 80 44

8.78% 2.50% -17.50% 20.45%

WEST LA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

Q1 2019

WEST HOLLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

SFR

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$1,250,000 $796 19 27

$1,319,325 $1,049 20 41

-5.25% -24.09% -5.00% -34.15%

$824,750 $622 28 43

$942,500 $617 22 28

-12.49% 0.91% 27.27% 53.57%

“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.

The Market Report :: Q1 2019

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westside la area

NEIGHBORHOOD FOCUS Q1 2019 NEIGHBORHOOD

SINGLE FAMILY HOMES

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

8

$5,800,000

$3,101

Malibu

16

$3,252,500

$930

Marina Del Rey

17

$1,309,980

$929

Pacific Palisades

33

$3,080,000

$1,241

Palms - Mar Vista

76

$1,522,500

$873

4

$1,864,250

$722

Santa Monica

37

$2,350,000

$1,268

Venice

36

$2,130,000

$1,201

227

$2,663,654

$1,283

Malibu Beach

Playa Vista

TOTAL/AVERAGE

“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.

The Market Report :: Q1 2019

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westside la area

NUMBER OF SALES Q1 2019

SINGLE FAMILY HOMES

76 37

Venice

Santa Monica

Palms - Mar Vista

36 33 16 8

4 Playa Vista

Malibu Beach

Malibu

Marina Del Rey

Pacific Palisades

17

“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.

The Market Report :: Q1 2019

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westside la area

NEIGHBORHOOD FOCUS Q1 2019 NEIGHBORHOOD

CONDOMINIUM HOMES

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Malibu Beach

5

$1,220,000

$1,510

Malibu

8

$807,500

$664

Marina Del Rey

64

$920,000

$689

Pacific Palisades

17

$1,175,000

$668

Palms - Mar Vista

16

$695,750

$657

Playa Vista

21

$1,094,500

$710

Santa Monica

71

$1,080,000

$992

3

$1,490,000

$934

205

$1,060,344

$853

Venice TOTAL/AVERAGE

“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.

The Market Report :: Q1 2019

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neighborhood spotlight

SOUTH BAY From oceanfront properties in the Beach Cities to estates perched high atop the peninsula, the South Bay

Neutra-Designed Midcentury Modern Home

personifies the Southern California lifestyle. The Palos

In 1957, renowned architect Richard Neutra

Verdes Peninsula (encompassing Rolling Hills, Rolling

built a hillside home in Rancho Palos Verdes,

Hills Estates, Palos Verdes Estates, and Rancho Palos

Calif., for John Rados, a fellow Austrian

Verdes) and Manhattan Beach are two of the wealthiest communities in the U.S.—with high-ranking school districts and price tags to prove it. Best known as the

immigrant, and his wife. ‘They wanted a very clean, simple house. Simple in that it was very smooth lines and stuff like that,’ says their grandson, Bob Rados, Jr. His grandfather was a shipbuilder and owner and president of...

home of Southern California’s aerospace industry (and forward-thinking SpaceX), the South Bay also boasts an impressive number of Neutra houses (mainly on the peninsula), along with designs from Lloyd Wright and Schindler, and striking contemporary residences that deftly blend the indoor and outdoor living. Locals favor craft beer and charcuterie at Abigaile and massages at the oceanfront resort, Terrenea.

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MARKET PERFORMANCE BY NEIGHBORHOOD :: WESTSIDE AREA

MALIBU BEACH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

SFR

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$5,800,000 $3,101 8 119

$5,447,614 $1,983 13 174

6.47% 56.37% -38.46% -31.61%

$1,220,000 $1,510 5 86

$1,030,000 $789 2 71

18.45% 91.36% 150.00% 21.13%

MALIBU Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

SFR Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$3,252,500 $930 16 91

$2,475,000 $917 37 120

31.41% 1.38% -56.76% -24.17%

$807,500 $664 8 94

$1,205,000 $700 14 48

-32.99% -5.13% -42.86% 95.83%

SFR Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$1,309,980 $929 17 67

$1,451,550 $992 19 78

-9.75% -6.27% -10.53% -14.10%

$920,000 $689 64 49

$967,000 $743 67 30

-4.86% -7.27% -4.48% 63.33%

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$3,080,000 $1,241 33 63

$3,285,343 $1,256 46 51

-6.25% -1.20% -28.26% 23.53%

$1,175,000 $668 17 47

$1,402,500 $725 14 73

-16.22% -7.82% 21.43% -35.62%

PALMS :: MAR VISTA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

Q1 2019

PACIFIC PALISADES Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

Q1 2019

MARINA DEL REY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$1,522,500 $873 76 41

$1,582,500 $888 76 44

-3.79% -1.69% 0.00% -6.82%

$695,750 $657 16 52

$650,000 $617 18 35

7.04% 6.50% -11.11% 48.57%

“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.

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MARKET PERFORMANCE BY NEIGHBORHOOD :: WESTSIDE AREA

PLAYA VISTA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

SFR Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$1,864,250 $722 4 84

$2,094,500 $785 4 56

-10.99% -7.98% 0.00% 50.00%

$1,094,500 $710 21 56

$931,500 $787 14 21

17.50% -9.72% 50.00% 166.67%

SANTA MONICA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$2,350,000 $1,268 37 60

$2,590,000 $1,145 37 43

-9.27% 10.82% 0.00% 39.53%

$1,080,000 $992 71 51

$1,175,000 $949 85 42

-8.09% 4.45% -16.47% 21.43%

VENICE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$2,130,000 $1,201 36 65

$2,000,000 $1,199 42 71

6.50% 0.10% -14.29% -8.45%

$1,490,000 $934 3 81

$1,510,000 $875 8 163

-1.32% 6.72% -62.50% -50.31%

“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.

The Market Report :: Q1 2019

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pasadena + san gabriel valley area

NEIGHBORHOOD FOCUS Q1 2019 NEIGHBORHOOD

SINGLE FAMILY HOMES

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Alhambra

20

$717,500

$495

Arcadia

68

$1,345,000

$540

Altadena

68

$850,000

$537

Bradbury

3

$1,425,000

$515

Eagle Rock

37

$910,000

$693

Glendora

73

$579,000

$397

Highland Park

52

$830,000

$626

La Crescenta / Glendale

52

$865,000

$542

La Cañada Flintridge

32

$1,525,000

$670

Monrovia

43

$720,000

$486

Mount Washington

29

$903,000

$694

Pasadena NE

78

$872,500

$548

Pasadena NW

22

$850,000

$630

Pasadena SE

38

$1,297,500

$645

Pasadena SW

12

$1,651,500

$656

Rosemead / South San Gabriel

25

$678,000

$432

San Gabriel

35

$720,000

$512

San Marino

23

$2,350,000

$849

Sierra Madre

16

$950,000

$617

South Pasadena

28

$1,332,500

$712

Sunland / Tujunga

73

$620,000

$447

TOTAL/AVERAGE

827

$1,047,214

$583

“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.

The Market Report :: Q1 2019

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pasadena + san gabriel valley area

NEIGHBORHOOD FOCUS Q1 2019 NEIGHBORHOOD

CONDOMINIUM HOMES

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Alhambra

27

$560,000

$412

Arcadia

25

$660,000

$434

Altadena

NA

NA

NA

Bradbury

NA

NA

NA

1

$495,000

$516

20

$469,422

$336

8

$415,000

$447

11

$600,500

$428

2

$1,032,000

$544

Monrovia

20

$488,000

$386

Mount Washington

NA

NA

NA

Pasadena NE

11

$725,000

$456

Pasadena NW

7

$600,000

$392

Pasadena SE

55

$601,000

$526

Pasadena SW

20

$891,900

$615

9

$550,000

$342

San Gabriel

v14

$582,500

$393

San Marino

NA

NA

NA

Sierra Madre

5

$665,000

$510

South Pasadena

3

$855,000

$556

Sunland / Tujunga

12

$439,000

$382

TOTAL/AVERAGE

250

$625,254

$451

Eagle Rock Glendora Highland Park La Crescenta / Glendale La Cañada Flintridge

Rosemead / South San Gabriel

“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.

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pasadena + san gabriel valley area

AVERAGE DAYS ON MARKET

Q1 2019 CONDOMINIUM HOMES

85

56

49

55 42

41

63

62

62

59

53

47

48

44

39

33

Sunland / Tujunga

South Pasadena

Sierra Madre

San Marino

San Gabriel

Rosemead / South San Gabriel

Pasadena SW

Pasadena SE

Pasadena NW

Pasadena NE

Mount Washington

Monrovia

La Cañada Flintridge

La Crescenta / Glendale

Highland Park

Glendora

Eagle Rock

Bradbury

Altadena

Arcadia

Alhambra

11

“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.

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neighborhood spotlight

LA CAÑADA FLINTRIDGE The 17th most affluent city in the U.S., La Cañada Flintridge is filled with architecturally important homes

Midcentury With A-Frame Canopy Asks $1.7M

by Paul Revere Williams, Lloyd Wright, David A. Lopez,

With a large A-frame canopy and a sloping,

and Eugene Weston III. Named for the Spanish word,

asymmetrical roofline, this modern-style

cañada (pronounced “canyada”) meaning ravine, and

residence in La Cañada-Flintridge possesses a

its developer, U.S. State Senator Frank P. Flint, the area totals 8.6 square miles (listen up nature lovers), over

distinctly midcentury personality. Per the listing, the house was built in 1960 for big band leader and record store owner Val Grayson.

99 percent of which is protected land. Check out the local sights while horseback riding with the non-profit Flintridge Riding Club, relax in the 160-acre Descanso Gardens, and take in the picnic-friendly Music in the Park Summer Concert Series. After working up an appetite, scarf down an award-winning Proper Burger at Flintridge Proper. Bonus points: La Cañada Flintridge Unified School District is one of the top districts in the state.

The Market Report :: Q1 2019

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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA

ALHAMBRA

SFR

Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$717,500 $495 20 46

$760,000 $529 37 31

-5.59% -6.48% -45.95% 48.39%

$560,000 $412 27 33

$560,000 $457 31 34

0.00% -9.87% -12.90% -2.94%

ARCADIA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

SFR Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$1,345,000 $540 68 70

$1,490,000 $554 77 59

-9.73% -2.54% -11.69% 18.64%

$660,000 $434 25 49

$661,000 $425 36 30

-0.15% 2.31% -30.56% 63.33%

SFR

Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$850,000 $537 68 38

$830,000 $548 81 35

2.41% -1.97% -16.05% 8.57%

NA NA NA NA

$430,000 $546 1 41

NA NA NA NA

BRADBURY

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$1,425,000 $515 3 146

NA NA NA NA

NA NA NA NA

NA NA NA NA

NA NA NA NA

NA NA NA NA

EAGLE ROCK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

Q1 2019

ALTADENA

Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$910,000 $693 37 39

$867,500 $626 40 41

4.90% 10.57% -7.50% -4.88%

$495,000 $516 1 56

$612,500 $428 2 73

-19.18% 20.39% -50.00% -23.29%

“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.

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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA

GLENDORA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

SFR Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$579,000 $397 73 42

$618,000 $407 85 34

-6.31% -2.48% -14.12% 23.53%

$469,422 $336 20 42

$499,995 $331 22 40

-6.11% 1.39% -9.09% 5.00%

HIGHLAND PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

SFR Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$830,000 $626 52 44

$785,000 $588 72 39

5.73% 6.47% -27.78% 12.82%

$415,000 $447 8 41

$487,500 $459 10 34

-14.87% -2.55% -20.00% 20.59%

CONDO

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$865,000 $542 52 45

$898,000 $569 66 41

-3.67% -4.77% -21.21% 9.76%

$600,500 $428 11 47

$516,500 $457 18 58

16.26% -6.39% -38.89% -18.97%

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$1,525,000 $670 32 56

$1,971,250 $710 32 30

-22.64% -5.58% 0.00% 86.67%

$1,032,000 $544 2 85

$887,500 $509 2 91

16.28% 6.87% 0.00% -6.59%

MONROVIA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

SFR

Q1 2019

LA CAÑADA FLINTRIDGE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

Q1 2019

LA CRESCENTA :: GLENDALE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$720,000 $486 43 43

$675,000 $516 53 42

6.67% -5.87% -18.87% 2.38%

$488,000 $386 20 55

$499,000 $403 13 62

-2.20% -4.33% 53.85% -11.29%

“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.

The Market Report :: Q1 2019

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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA

MOUNT WASHINGTON Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$903,000 $694 29 49

$850,000 $655 39 32

6.24% 6.00% -25.64% 53.13%

NA NA NA NA

$710,000 $414 1 165

NA NA NA NA

SFR Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$872,500 $548 78 45

$888,000 $574 69 38

-1.75% -4.67% 13.04% 18.42%

$725,000 $456 11 44

$545,000 $459 14 32

33.03% -0.68% -21.43% 37.50%

SFR Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$850,000 $630 22 64

$905,000 $569 39 59

-6.08% 10.66% -43.59% 8.47%

$600,000 $392 7 62

$620,750 $455 11 44

-3.34% -13.79% -36.36% 40.91%

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$1,297,500 $645 38 68

$1,275,000 $592 25 51

1.76% 8.85% 52.00% 33.33%

$601,000 $526 55 53

$560,000 $534 57 35

7.32% -1.65% -3.51% 51.43%

PASADENA SW Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

Q1 2019

PASADENA SE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

Q1 2019

PASADENA NW Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

Q1 2019

PASADENA NE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

SFR

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$1,651,500 $656 12 37

$1,165,000 $622 21 66

41.76% 5.49% -42.86% -43.94%

$891,900 $615 20 63

$750,000 $573 31 46

18.92% 7.38% -35.48% 36.96%

“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.

The Market Report :: Q1 2019

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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA

ROSEMEAD :: S. SAN GABRIEL Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$678,000 $432 25 35

$613,000 $508 27 47

10.60% -14.99% -7.41% -25.53%

$550,000 $342 9 39

$564,900 $349 28 27

-2.64% -2.10% -67.86% 44.44%

SFR Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$720,000 $512 35 55

$803,500 $506 54 39

-10.39% 1.09% -35.19% 41.03%

$582,500 $393 14 62

$602,437 $416 18 49

-3.31% -5.58% -22.22% 26.53%

SFR Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$2,350,000 $849 23 91

$2,400,000 $867 23 77

-2.08% -2.14% 0.00% 18.18%

NA NA NA NA

NA NA NA NA

NA NA NA NA

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$950,000 $617 16 37

$945,000 $591 23 62

0.53% 4.42% -30.43% -40.32%

$665,000 $510 5 48

$678,750 $431 6 18

-2.03% 18.18% -16.67% 166.67%

S. PASADENA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

Q1 2019

SIERRA MADRE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

Q1 2019

SAN MARINO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

Q1 2019

SAN GABRIEL Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

SFR

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$1,332,500 $712 28 52

$1,700,000 $741 22 38

-21.62% -3.95% 27.27% 36.84%

$855,000 $556 3 11

$610,000 $543 9 30

40.16% 2.45% -66.67% -63.33%

“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.

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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA

SUNLAND :: TUJUNGA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$620,000 $447 73 54

$593,500 $443 78 49

4.47% 0.80% -6.41% 10.20%

$439,000 $382 12 59

$460,000 $318 7 55

-4.57% 20.04% 71.43% 7.27%

“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.

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coachella valley area

NEIGHBORHOOD FOCUS Q1 2019

SINGLE FAMILY HOMES

NEIGHBORHOOD

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Cathedral City North

91

$338,000

$191

Cathedral City South

30

$352,000

$208

Indian Wells

56

$947,500

$361

La Quinta No of HWY 111

28

$397,450

$195

La Quinta S.Of H

256

$572,500

$271

Palm Desert East

64

$395,000

$231

Palm Desert North

40

$447,500

$219

Palm Desert South

51

$620,000

$358

Palm Springs Central

66

$729,500

$422

Palm Springs North End

88

$465,500

$281

Palm Springs South End

86

$840,000

$377

Rancho Mirage

124

$729,500

$259

TOTAL/AVERAGE

980

$569,538

$281

“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.

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coachella valley area

MEDIAN PRICE

Q1 2019 — Q1 2018 SINGLE FAMILY HOMES 2019

2018

$1M

$750K

$500K

Rancho Mirage

Palm Springs South End

Palm Springs North End

Palm Springs Central

Palm Desert South

Palm Desert North

Palm Desert East

La Quinta S.Of H

La Quinta No of HWY 111

Indian Wells

Cathedral City South

Cathedral City North

$250K

“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.

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coachella valley area

NEIGHBORHOOD FOCUS Q1 2019

CONDOMINIUM HOMES

NEIGHBORHOOD

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Cathedral City North

22

$166,250

$150

Cathedral City South

15

$198,000

$158

Indian Wells

25

$382,500

$220

La Quinta No of HWY 111

11

$225,000

$224

La Quinta S.Of H

47

$410,625

$213

Palm Desert East

134

$270,000

$192

Palm Desert North

73

$343,500

$223

Palm Desert South

60

$290,000

$221

Palm Springs Central

61

$260,000

$238

Palm Springs North End

42

$149,950

$212

Palm Springs South End

120

$268,750

$223

74

$352,500

$197

684

$276,423

$206

Rancho Mirage TOTAL/AVERAGE

“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.

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neighborhood spotlight

PALM SPRINGS Home to one of the largest concentrations of midcentury modern architecture in the U.S., Palm Springs

An Updated Palm Springs Estate Lists For $2.195M

is a haven for design buffs, heat seekers, and the LGBT

Located on one of the most coveted streets in

community. From stylish boutique hotels and high-end

Old Las Palmas, this renovated Palm Springs

vintage shopping to the annual Modernism Week, the

estate is a study in indoor/outdoor desert living.

desert city is practically a living museum of twentieth century architecture. You’ll find homes by Richard Neutra, William F. Cody, Albert Frey, A. Quincy Jones,

Originally built in 1940, the 3,260-square-foot home has undergone a complete redesign, reimagining the property as a midcenturyinspired, contemporary estate. The renovation of the four-bedroom, five-bath residence also...

Donald Wexler, and Paul R. Williams, among others that celebrate a more glamorous era. Score colorful frocks at Trina Turk (the L.A. designer lives here part-time), channel the Rat Pack at Melvyn’s, and view some hidden gems with Palm Springs Modern Architecture Tours. If you’re not afraid of heights, take the Aerial Tramway 8,500-feet up the sheer cliffs of Chino Canyon for stunning views (its Valley Station was designed by Frey).

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MARKET PERFORMANCE BY NEIGHBORHOOD :: COACHELLA VALLEY AREA

CATHEDRAL CITY NORTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$338,000 $191 91 54

$298,750 $175 110 62

13.14% 9.49% -17.27% -12.90%

$166,250 $150 22 55

$150,000 $129 27 93

10.83% 16.65% -18.52% -40.86%

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$352,000 $208 30 68

$379,000 $222 42 77

-7.12% -6.31% -28.57% -11.69%

$198,000 $158 15 91

$163,750 $130 30 116

20.92% 21.34% -50.00% -21.55%

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$947,500 $361 56 96

$850,000 $344 65 92

11.47% 4.81% -13.85% 4.35%

$382,500 $220 25 83

$388,000 $208 25 106

-1.42% 6.13% 0.00% -21.70%

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$397,450 $195 28 57

$382,000 $190 35 65

4.04% 2.54% -20.00% -12.31%

$225,000 $224 11 39

$200,000 $205 17 93

12.50% 9.01% -35.29% -58.06%

LA QUINTA S. OF HWY 111 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

Q1 2018

LA QUINTA N. OF HWY 111 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

SFR

Q1 2019

INDIAN WELLS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

Q1 2019

CATHEDRAL CITY SOUTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

SFR

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$572,500 $271 256 103

$536,000 $266 277 98

6.81% 1.94% -7.58% 5.10%

$410,625 $213 47 90

$409,000 $213 63 81

0.40% 0.00% -25.40% 11.11%

“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.

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MARKET PERFORMANCE BY NEIGHBORHOOD :: COACHELLA VALLEY AREA

PALM DESERT EAST Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

SFR

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$395,000 $231 64 76

$368,700 $198 78 105

7.13% 16.71% -17.95% -27.62%

$270,000 $192 134 91

$271,000 $179 114 93

-0.37% 7.03% 17.54% -2.15%

PALM DESERT NORTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

SFR

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$447,500 $219 40 68

$444,000 $201 69 91

0.79% 8.86% -42.03% -25.27%

$343,500 $223 73 48

$319,000 $197 83 81

7.68% 13.46% -12.05% -40.74%

SFR Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$620,000 $358 51 137

$695,000 $340 61 98

-10.79% 5.16% -16.39% 39.80%

$290,000 $221 60 94

$302,450 $222 70 96

-4.12% -0.51% -14.29% -2.08%

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$729,500 $422 66 78

$740,000 $390 65 73

-1.42% 8.35% 1.54% 6.85%

$260,000 $238 61 59

$269,000 $239 75 92

-3.35% -0.71% -18.67% -35.87%

PALM SPRINGS NORTH END Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

Q1 2019

PALM SPRINGS CENTRAL Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

Q1 2019

PALM DESERT SOUTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$465,500 $281 88 75

$432,500 $261 80 79

7.63% 7.57% 10.00% -5.06%

$149,950 $212 42 58

$149,000 $176 41 52

0.64% 20.53% 2.44% 11.54%

“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.

The Market Report :: Q1 2019

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MARKET PERFORMANCE BY NEIGHBORHOOD :: COACHELLA VALLEY AREA

PALM SPRINGS SOUTH END Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$840,000 $377 86 70

$753,500 $355 70 84

11.48% 6.40% 22.86% -16.67%

$268,750 $223 120 58

$252,000 $195 149 72

6.65% 14.62% -19.46% -19.44%

RANCHO MIRAGE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

SFR

SFR

CONDO

Q1 2019

Q1 2018

% CHANGE

Q1 2019

Q1 2018

% CHANGE

$729,500 $259 124 101

$663,500 $257 150 89

9.95% 1.04% -17.33% 13.48%

$352,500 $197 74 70

$304,500 $169 93 98

15.76% 16.62% -20.43% -28.57%

“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.

The Market Report :: Q1 2019

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WHAT’S NEW ON HOMEASART.COM

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The Market Report :: Q1 2019

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A Discussion With Mike Deasy & George Penner

UCLA Report Predicts Continued Market Weakening

Local. Nimble. Passionate about

Demand for housing in California is

design. That’s how Mike Deasy and

weak and new housing construction

George Penner distinguish their

is expected to slow throughout

Southern California boutique firm.

the state, including in Pasadena, in

Deasy brings 40+ years’ experience

2019 and 2020, according to a new

representing buyers and sellers of

economic study by UCLA. But local

some of the most architecturally

Realtors say the outlook remains

significant residential properties in

sunny for existing home sales in the

Southern California, and Penner

Pasadena area. In his latest quarterly

brings his many years at...

report released on Wednesday,...

The Market Report :: Q1 2019

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CONTACT US

we know design

deasypennerpodley is available to assist you with all your residential real estate needs. Should you be thinking about selling a property - or should you be in the market for a home or condominium, please contact us.

Santa Monica | Venice | West Hollywood | Silver Lake | La CaĂąada Flintridge | Pasadena Altadena | Sierra Madre | Monrovia | Glendora | Palm Springs 310.275.1000 626.683.0777 info@dppre.com