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Q1 2018 MARKET REPORT

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deasy/penner home as art.®


YOUR GUIDE TO MARKET PERFORMANCE & ANALYSIS


la county :: market snapshot SINGLE FAMILY HOMES

CONDOMINIUM HOMES

Data*

Q1 2018

Q1 2017

% Change

Data*

Q1 2018

Q1 2017

% Change

Median Price

$630,000

$590,000

6.78%

Median Price

$495,000

$450,000

10.00%

Avg. Price / Sq. Ft.

$473

$434

8.95%

Avg. Price / Sq. Ft.

$473

$419

12.92%

Properties Sold

9,891

10,420

-5.08%

Properties Sold

3,542

3,920

-9.64%

Days on Market

46

56

-17.86%

Days on Market

41

52

-21.15%

MEDIAN PRICE

MEDIAN PRICE

$630,000

$495,000

vs Q1 2017

+7%

$590,000

DAYS ON THE MARKET

+10%

$450,000

PROPERTIES SOLD

46

56

Q1 2018

Q1 2017

DAYS

vs Q1 2017

3,542

3,920

Q1 2018

Q1 2017

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 2018

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EXPLORE YOUR NEIGHBORHOOD


los angeles area NEIGHBORHOOD FOCUS Q1 2018 NEIGHBORHOOD

SINGLE FAMILY HOMES

# OF SALES

MED. SALE PRICE

AVG. $ / SQ. FT.

Baldwin Hills

2

$929,000

$471

Beverly Hills

32

$6,602,500

$1,632

Beverly Hills PO

32

$2,473,500

$883

Beverlywood

28

$1,527,563

$751

Beverly Center - Miracle

42

$1,807,500

$830

Brentwood

56

$3,196,000

$1,029

Cheviot Hills - Rancho Park

14

$2,010,000

$927

Culver City

37

$1,318,250

$884

Downtown LA

24

$366,430

$397

Hancock Park - Wilshire

45

$1,790,000

$692

Hollywood

20

$1,212,500

$730

Hollywood Hills East

29

$1,402,000

$690

Ladera Heights

10

$1,210,000

$530

Leimert Park

NA

NA

NA

Los Feliz

44

$1,765,000

$763

Mid - Los Angeles

88

$750,000

$504

Silver Lake - Echo Park

78

$902,500

$744

Studio City

78

$1,592,500

$645

Sunset Strip - HH West

90

$1,897,500

$902

6

$1,207,500

$463

Westwood - Century City

32

$2,278,500

$935

West Hollywood

28

$1,975,000

$1,055

West LA

21

$1,313,650

$1,011

836

$1,796,700

$794

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 2018

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los angeles area

MEDIAN PRICE

Q1 2018 — Q1 2017 SINGLE FAMILY HOMES $7M

2018 2017 $5.25M

$3.5M

$1.75K

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

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.

The Market Report :: Q1 2018

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los angeles area NEIGHBORHOOD FOCUS Q1 2018 NEIGHBORHOOD

CONDOMINIUM HOMES

# OF SALES

MED. SALE PRICE

AVG. $ / SQ. FT.

Baldwin Hills

1

$580,000

$315

Beverly Hills

21

$1,230,000

$746

Beverly Hills PO

1

$555,000

$772

Beverlywood

9

$900,000

$621

Beverly Center - Miracle

11

$704,150

$669

Brentwood

27

$815,000

$678

Cheviot Hills - Rancho Park

NA

NA

NA

Culver City

48

$622,500

$558

103

$610,000

$703

Hancock Park - Wilshire

38

$657,500

$530

Hollywood

24

$695,000

$568

Hollywood Hills East

3

$420,000

$507

Ladera Heights

1

$600,000

$348

NA

NA

NA

Los Feliz

7

$735,000

$687

Mid - Los Angeles

1

$760,000

$496

Silver Lake - Echo Park

10

$692,500

$582

Studio City

35

$615,000

$487

Sunset Strip - HH West

20

$632,500

$608

View Park

NA

NA

NA

125

$975,000

$717

West Hollywood

80

$740,000

$714

West LA

22

$942,500

$617

586

$732,982

$587

Downtown LA

Leimert Park

Westwood - Century City

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 2018

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The Market Report :: Q1 2018 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 2018 CONDOMINIUM HOMES

$1.3M

2018

$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

HOLLYWOOD There’s an endless stream of touristy activities, from the TMZ tour buses and “characters” on Hollywood Boulevard to the Walk of Fame and iconic Hollywood sign, but the neighborhood is so much more. Hollywood is enjoying a renaissance thanks to a nonstop stream of new restaurants, bars, and clubs. There’s no shortage

View Ava Gardner’s Midcentury-Modern Home A classic California midcentury-modern home that belonged to Golden Age actress Ava Gardner is on the market. Located in the exclusive Hollywood Dell neighborhood, where one may be lulled to sleep by the faint sounds...

of iconic theaters (the Pantages, Palladium, Cinerama Dome) and architectural gems, like Frank Lloyd Wright’s Hollyhock House, which is now open to the public. Take in a screening at American Cinemateque’s Egyptian Theatre, picnic at the Hollywood Bowl before a concert with the L.A. Philharmonic, and channel your inner Rat Pack-er at the 96 year-old Musso & Frank Grill. And if you know a magician, they can get you into the members-only Magic Castle, housed in a storied

View more on our blog

HomeAsArt.com

Victorian mansion.

The Market Report :: Q1 2018

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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA

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

SFR

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$929,000 $471 2 78

$969,000 $439 1 46

-4.13% 7.34% 100.00% 69.57%

$580,000 $315 1 6

$473,575 $374 2 31

22.47% -15.86% -50.00% -80.65%

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

SFR Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

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

$5,362,500 $1,317 34 110

23.12% 23.95% -5.88% -26.36%

$1,230,000 $746 21 51

$1,225,000 $682 29 62

0.41% 9.36% -27.59% -17.74%

SFR Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$2,473,500 $883 32 91

$2,655,000 $900 20 69

-6.84% -1.81% 60.00% 31.88%

$555,000 $772 1 161

NA NA NA NA

NA NA NA NA

SFR

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$1,527,563 $751 28 47

$1,135,000 $698 47 55

34.59% 7.57% -40.43% -14.55%

$900,000 $621 9 53

$646,500 $569 14 32

39.21% 9.13% -35.71% 65.63%

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

CONDO

Q1 2018

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

CONDO

Q1 2018

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

CONDO

SFR

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$1,807,500 $830 42 70

$1,502,500 $750 54 61

20.30% 10.66% -22.22% 14.75%

$704,150 $669 11 32

$692,000 $592 19 52

1.76% 13.04% -42.11% -38.46%

“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 2018

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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 2018

Q1 2017

% CHANGE

Q4 2017

Q1 2017

% CHANGE

$3,196,000 $1,029 56 81

$4,230,000 $1,128 43 74

-24.44% -8.83% 30.23% 9.46%

$815,000 $678 27 37

$876,000 $603 39 43

-6.96% 12.50% -30.77% -13.95%

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

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$2,010,000 $927 14 50

$2,226,000 $818 23 60

-9.70% 13.38% -39.13% -16.67%

NA NA NA NA

NA NA NA NA

NA NA NA NA

SFR

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$1,318,250 $884 37 41

$1,144,500 $784 40 47

15.18% 12.70% -7.50% -12.77%

$622,500 $558 48 26

$502,500 $501 44 34

23.88% 11.23% 9.09% -23.53%

SFR

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$366,430 $397 24 34

$375,000 $306 29 70

-2.29% 29.93% -17.24% -51.43%

$610,000 $703 103 70

$607,750 $632 96 67

0.37% 11.18% 7.29% 4.48%

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

CONDO

Q1 2017

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

SFR

Q1 2018

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

CONDO

SFR

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$1,790,000 $692 45 63

$1,700,000 $678 58 82

5.29% 1.98% -22.41% -23.17%

$657,500 $530 38 43

$593,000 $489 45 68

10.88% 8.47% -15.56% -36.76%

“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 2018

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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 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$1,212,500 $730 20 52

$1,022,000 $612 20 54

18.64% 19.20% 0.00% -3.70%

$695,000 $568 24 66

$680,000 $603 33 59

2.21% -5.81% -27.27% 11.86%

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

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$1,402,000 $690 29 55

$1,435,000 $625 32 75

-2.30% 10.48% -9.38% -26.67%

$420,000 $507 3 50

$445,000 $523 4 52

-5.62% -3.11% -25.00% -3.85%

SFR

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$1,210,000 $530 10 35

$1,090,000 $445 11 109

11.01% 18.92% -9.09% -67.89%

$600,000 $348 1 14

$455,000 $388 2 42

31.87% -10.30% -50.00% -66.67%

SFR

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

NA NA NA NA

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 2017

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

SFR

Q1 2018

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

CONDO

SFR

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$1,765,000 $763 44 53

$1,288,000 $672 35 90

37.03% 13.58% 25.71% -41.11%

$735,000 $687 7 66

$520,000 $584 4 105

41.35% 17.76% 75.00% -37.14%

“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 2018

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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 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$750,000 $504 88 50

$680,000 $470 92 52

10.29% 7.23% -4.35% -3.85%

$760,000 $496 1 101

$614,500 $450 6 27

23.68% 10.35% -83.33% 274.07%

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

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$902,500 $744 78 57

$965,000 $622 65 59

-6.48% 19.52% 20.00% -3.39%

$692,500 $582 10 25

$702,500 $504 26 67

-1.42% 15.44% -61.54% -62.69%

SFR

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$1,592,500 $645 78 47

$1,550,000 $604 69 76

2.74% 6.86% 13.04% -38.16%

$615,000 $487 35 45

$560,000 $439 43 61

9.82% 11.00% -18.60% -26.23%

SFR

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$1,897,500 $902 90 67

$1,677,777 $828 113 79

13.10% 8.95% -20.35% -15.19%

$632,500 $608 20 71

$615,000 $679 25 63

2.85% -10.41% -20.00% 12.70%

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

CONDO

Q1 2017

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

SFR

Q1 2018

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

CONDO

SFR

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$1,207,500 $463 6 35

$1,065,000 $374 5 61

13.38% 23.83% 20.00% -42.62%

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 2018

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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 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$2,278,500 $935 32 37

$1,935,000 $882 43 44

17.75% 5.99% -25.58% -15.91%

$975,000 $717 125 57

$865,000 $636 121 64

12.72% 12.77% 3.31% -10.94%

SFR

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$1,975,000 $1,055 28 55

$1,480,000 $837 25 74

33.45% 26.02% 12.00% -25.68%

$740,000 $714 80 44

$705,000 $682 93 45

4.96% 4.75% -13.98% -2.22%

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

CONDO

Q1 2018

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

SFR

SFR

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$1,313,650 $1,011 21 39

$1,032,500 $734 20 49

27.23% 37.81% 5.00% -20.41%

$942,500 $617 22 28

$807,500 $599 34 56

16.72% 2.85% -35.29% -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 2018

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westside la area

NEIGHBORHOOD FOCUS Q1 2018 NEIGHBORHOOD

SINGLE FAMILY HOMES

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Malibu Beach

13

$5,447,614

$1,983

Malibu

36

$2,537,500

$925

Marina Del Rey

19

$1,451,550

$992

Pacific Palisades

45

$3,420,687

$1,258

Palms - Mar Vista

76

$1,582,500

$888

4

$2,094,500

$785

Santa Monica

37

$2,590,000

$1,145

Venice

40

$2,000,000

$1,191

270

$2,640,544

$1,146

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 2018

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westside la area

DAYS ON MARKET Q1 2018

SINGLE FAMILY HOMES

174 123 Malibu

Malibu Beach

78

Venice

Marina del Rey

71 56

50

44 Palms - Mar Vista

Santa Monica

Pacific Palisades

Playa Vista

51

“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 2018

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westside la area

NEIGHBORHOOD FOCUS Q1 2018 NEIGHBORHOOD

CONDOMINIUM HOMES

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

2

$1,030,000

$789

Malibu

13

$1,200,000

$699

Marina Del Rey

67

$967,000

$743

Pacific Palisades

14

$1,402,500

$725

Palms - Mar Vista

18

$650,000

$617

Playa Vista

14

$931,500

$787

Santa Monica

84

$1,180,000

$947

8

$1,510,000

$875

220

$1,108,875

$773

Malibu Beach

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 2018

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westside la area

PROPERTIES SOLD CHANGE Q1 2018 — Q1 2017

CONDOMINIUM HOMES 2017

2018

% Change

100

13%

-19% 67.5

45

-33% 22.5

-50%

27%

117%

0%

-33% 0

Malibu Beach

Malibu

Marina Del Rey

Pacific Palisades

Palms Mar Vista

Playa Vista

Santa Monica

Venice

“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 2018

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neighborhood spotlight

MARINA DEL REY The small, affluent community of Marina del Rey, which is gaining popularity thanks to spillover from Silicon Beach,

Art + Architecture Q&A With Mike Deasy

is home to around 9,000 people and 6,500 boats. The

MAJ: What defines “Home as Art”? How

world’s largest manmade small craft harbor features 19

do you characterize the architecture and the

marinas and the New England-style Fisherman’s Village,

lifestyle?

which hosts live music, fishing, harbor cruises, and boat rentals. From architectural, eco-friendly lofts and ocean view penthouses to Mid-Century Modern homes and new

MIKE: Architecture by itself does not necessarily define the art of a home. Nor does the lifestyle. But when architecture embodies its dwellers’ lifestyle enabling them to fulfill their aesthetic, social, environmental, and recreational goals,...

constructions, there’s a bit of something for everyone. As a bonus, architecture firms such as KAA Design Group, SFJones Architects, and Sorenson Architects are all headquartered here. You’ll find local residents enjoying a sunset cocktail at the California Yacht Club, taking in the Summer Concert Series at Chace Park, and biking around the Ballona Wetlands—that is when they aren’t on the water. View more on our blog

HomeAsArt.com The Market Report :: Q1 2018

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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 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

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

$7,724,500 $3,184 8 156

-29.48% -37.71% 62.50% 11.54%

$1,030,000 $789 2 71

$740,000 $756 3 112

39.19% 4.41% -33.33% -36.61%

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

SFR Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$2,537,500 $925 36 123

$2,799,500 $1,024 42 139

-9.36% -9.63% -14.29% -11.51%

$1,200,000 $699 13 52

$1,075,000 $567 6 84

11.63% 23.38% 116.67% -38.10%

SFR Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$1,451,550 $992 19 78

$1,487,000 $858 16 47

-2.38% 15.60% 18.75% 65.96%

$967,000 $743 67 30

$857,990 $646 83 56

12.71% 15.00% -19.28% -46.43%

SFR

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$3,420,687 $1,258 45 51

$2,895,000 $1,054 57 78

18.16% 19.40% -21.05% -34.62%

$1,402,500 $725 14 73

$1,150,000 $611 11 55

21.96% 18.59% 27.27% 32.73%

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

CONDO

Q1 2018

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

CONDO

Q1 2018

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

CONDO

SFR

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$1,582,500 $888 76 44

$1,382,500 $819 60 52

14.47% 8.50% 26.67% -15.38%

$650,000 $617 18 35

$659,000 $569 27 38

-1.37% 8.42% -33.33% -7.89%

“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 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$2,094,500 $785 4 56

$1,817,500 $746 6 47

15.24% 5.14% -33.33% 19.15%

$931,500 $787 14 21

$945,000 $652 28 53

-1.43% 20.62% -50.00% -60.38%

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

SFR

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$2,590,000 $1,145 37 50

$2,100,000 $1,279 63 59

23.33% -10.51% -41.27% -15.25%

$1,180,000 $947 84 42

$937,500 $861 74 54

25.87% 10.09% 13.51% -22.22%

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

CONDO

SFR

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$2,000,000 $1,191 40 71

$1,675,000 $1,099 47 54

19.40% 8.37% -14.89% 31.48%

$1,510,000 $875 8 163

$1,347,500 $810 8 40

12.06% 8.05% 0.00% 307.50%

“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

NEIGHBORHOOD FOCUS Q1 2018 NEIGHBORHOOD

SINGLE FAMILY HOMES

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Alhambra

37

$760,000

$529

Arcadia

76

$1,500,000

$554

Altadena

81

$830,000

$548

Bradbury

2

$2,950,000

$837

Eagle Rock

40

$867,500

$626

Glendora

84

$621,500

$406

Highland Park

72

$785,000

$588

La Crescenta / Glendale

65

$896,000

$568

La Cañada Flintridge

32

$1,971,250

$710

Monrovia

53

$675,000

$516

Mount Washington

39

$850,000

$655

Pasadena NE

67

$900,000

$569

Pasadena NW

39

$905,000

$569

Pasadena SE

24

$1,217,500

$588

Pasadena SW

21

$1,165,000

$622

Rosemead / South San Gabriel

27

$613,000

$508

San Gabriel

52

$803,500

$506

San Marino

23

$2,400,000

$867

Sierra Madre

23

$945,000

$591

South Pasadena

22

$1,700,000

$741

Sunland / Tujunga

78

$593,500

$443

TOTAL/AVERAGE

957

$1,140,417

$597

“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

NEIGHBORHOOD FOCUS Q1 2018 NEIGHBORHOOD

CONDOMINIUM HOMES

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Alhambra

30

$555,000

$455

Arcadia

36

$661,000

$425

Altadena

1

$430,000

$546

Bradbury

NA

NA

NA

1

$700,000

$479

Glendora

22

$499,995

$331

Highland Park

10

$487,500

$459

La Crescenta / Glendale

18

$516,500

$457

2

$887,500

$509

13

$499,000

$403

1

$710,000

$414

Pasadena NE

14

$545,000

$459

Pasadena NW

10

$607,875

$433

Pasadena SE

57

$560,000

$534

Pasadena SW

31

$750,000

$573

Rosemead / South San Gabriel

28

$564,900

$349

San Gabriel

17

$618,375

$413

San Marino

NA

NA

NA

Sierra Madre

6

$678,750

$431

South Pasadena

9

$610,000

$543

Sunland / Tujunga

7

$460,000

$318

TOTAL/AVERAGE

313

$596,916

$449

Eagle Rock

La Cañada Flintridge Monrovia Mount Washington

“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 2018 CONDOMINIUM HOMES

165

91

55

46 30

Sunland / Tujunga

18

South Pasadena

33

Sierra Madre

27

San Marino

35

San Gabriel

Pasadena NW

Pasadena NE

Mount Washington

Monrovia

La Cañada Flintridge

La Crescenta / Glendale

Highland Park

Glendora

Eagle Rock

Bradbury

Altadena

46

34

30

Arcadia

Alhambra

32

Rosemead / South San Gabriel

40

41 34

62

Pasadena SW

58

Pasadena SE

84

“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

GLENDALE Walkable, eco-conscious, and vibrant, Glendale is L.A. County’s fourth largest city with a population of more

A Private Cali Compound Hits The Market At $5M

than 200,000, but is consistently ranked as one of the

Comprised of a stunning grand estate, as well

safest mid-size cities in the country. Residents love its

as a reinvented pool/guest house, this expansive

50 public parks, world-class shopping at the open-air

private compound in Pasadena is seeking a

Americana at Brand (Barneys New York, Crewcuts, and Tory Burch to name a few), and some of the

new owner. Privately nestled above the Rose Bowl Stadium, this 5,677-square-foot property includes a recently developed main house...

best Armenian food this side of Yerevan at Carousel Restaurant. Situated 10 miles north of Downtown L.A., Glendale sits at the eastern end of the San Fernando Valley and is bisected by the rugged Verdugo Mountains. Take in a screening at the historic Art Deco Alex Theatre and enjoy a lineup of diverse free concerts (sax quartets, surf rock, and Yiddish vaudeville, anyone?) on the Brand Library Plaza each summer.

View more on our blog

HomeAsArt.com

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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 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$760,000 $529 37 31

$641,000 $453 48 54

18.56% 16.93% -22.92% -42.59%

$555,000 $455 30 34

$485,000 $385 38 93

14.43% 18.17% -21.05% -63.44%

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

SFR Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$1,500,000 $554 76 60

$1,364,000 $577 88 58

9.97% -3.90% -13.64% 3.45%

$661,000 $425 36 30

$710,000 $427 39 63

-6.90% -0.47% -7.69% -52.38%

SFR

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

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$830,000 $548 81 35

$772,000 $508 82 54

7.51% 7.87% -1.22% -35.19%

$430,000 $546 1 41

$425,000 $273 1 48

1.18% 99.78% 0.00% -14.58%

BRADBURY

SFR

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$2,950,000 $837 2 214

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 2018

ALTADENA

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

CONDO

SFR

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$867,500 $626 40 41

$827,500 $538 38 63

4.83% 16.52% 5.26% -34.92%

$700,000 $479 1 84

$420,000 $438 1 36

66.67% 9.59% 0.00% 133.33%

“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

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

SFR Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$621,500 $406 84 34

$547,500 $367 94 53

13.52% 10.64% -10.64% -35.85%

$499,995 $331 22 40

$438,000 $284 13 75

14.15% 16.63% 69.23% -46.67%

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

SFR Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$785,000 $588 72 39

$720,000 $586 55 39

9.03% 0.44% 30.91% 0.00%

$487,500 $459 10 34

$332,750 $413 6 48

46.51% 11.01% 66.67% -29.17%

CONDO

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$896,000 $568 65 41

$799,000 $547 71 45

12.14% 3.97% -8.45% -8.89%

$516,500 $457 18 58

$493,000 $412 21 42

4.77% 11.00% -14.29% 38.10%

SFR

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$1,971,250 $710 32 30

$1,839,000 $647 52 41

7.19% 9.70% -38.46% -26.83%

$887,500 $509 2 91

NA NA NA NA

NA NA NA NA

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

SFR

Q1 2018

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

CONDO

Q1 2018

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

CONDO

SFR

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$675,000 $516 53 42

$692,550 $441 55 52

-2.53% 17.12% -3.64% -19.23%

$499,000 $403 13 62

$525,000 $360 23 29

-4.95% 11.90% -43.48% 113.79%

“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

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

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$850,000 $655 39 32

$844,000 $552 25 65

0.71% 18.62% 56.00% -50.77%

$710,000 $414 1 165

NA NA NA NA

NA NA NA NA

SFR Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$900,000 $569 67 39

$765,000 $513 73 54

17.65% 10.90% -8.22% -27.78%

$545,000 $459 14 32

$510,000 $436 9 45

6.86% 5.17% 55.56% -28.89%

SFR Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$905,000 $569 39 59

$742,500 $537 46 74

21.89% 6.02% -15.22% -20.27%

$607,875 $433 10 46

$605,000 $415 13 46

0.48% 4.53% -23.08% 0.00%

SFR

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$1,217,500 $588 24 52

$963,875 $609 37 42

26.31% -3.52% -35.14% 23.81%

$560,000 $534 57 35

$549,500 $480 82 43

1.91% 11.24% -30.49% -18.60%

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

CONDO

Q1 2018

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

CONDO

Q1 2018

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

CONDO

Q1 2018

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

SFR

SFR

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$1,165,000 $622 21 66

$1,030,000 $637 21 49

13.11% -2.34% 0.00% 34.69%

$750,000 $573 31 46

$738,000 $592 23 86

1.63% -3.23% 34.78% -46.51%

“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

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

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$613,000 $508 27 47

$560,000 $401 29 55

9.46% 26.74% -6.90% -14.55%

$564,900 $349 28 27

$411,250 $318 6 36

37.36% 9.59% 366.67% -25.00%

SFR Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$803,500 $506 52 39

$711,000 $478 54 63

13.01% 5.89% -3.70% -38.10%

$618,375 $413 17 33

$575,000 $351 13 74

7.54% 17.79% 30.77% -55.41%

SFR Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$2,400,000 $867 23 77

$2,630,000 $858 25 73

-8.75% 1.11% -8.00% 5.48%

NA NA NA NA

NA NA NA NA

NA NA NA NA

SFR

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$945,000 $591 23 62

$1,147,500 $487 18 53

-17.65% 21.19% 27.78% 16.98%

$678,750 $431 6 18

$740,000 $590 1 212

-8.28% -26.92% 500.00% -91.51%

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

CONDO

Q1 2018

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

CONDO

Q1 2018

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

CONDO

Q1 2018

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

SFR

SFR

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$1,700,000 $741 22 38

$1,430,000 $626 19 39

18.88% 18.32% 15.79% -2.56%

$610,000 $543 9 30

$771,500 $552 16 57

-20.93% -1.60% -43.75% -47.37%

“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 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$593,500 $443 78 49

$570,000 $400 80 60

4.12% 10.75% -2.50% -18.33%

$460,000 $318 7 55

$415,000 $312 11 56

10.84% 1.92% -36.36% -1.79%

“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 2018

SINGLE FAMILY HOMES

NEIGHBORHOOD

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Cathedral City North

108

$298,750

$175

Cathedral City South

40

$388,000

$226

Indian Wells

65

$850,000

$343

La Quinta No of HWY 111

35

$382,000

$190

La Quinta S.Of H

277

$536,000

$266

Palm Desert East

76

$384,450

$198

Palm Desert North

69

$444,000

$201

Palm Desert South

68

$753,500

$351

Palm Springs Central

63

$750,000

$390

Palm Springs North End

79

$430,000

$260

Palm Springs South End

68

$753,500

$351

148

$663,500

$256

1,096

$552,808

$267

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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coachella valley area

MEDIAN PRICE

Q1 2018 — Q1 2017 SINGLE FAMILY HOMES 2017

2018

$100K

$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 2018

CONDOMINIUM HOMES

NEIGHBORHOOD

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Cathedral City North

27

$150,000

$129

Cathedral City South

30

$163,750

$130

Indian Wells

25

$388,000

$208

La Quinta No of HWY 111

17

$200,000

$205

La Quinta S.Of H

63

$409,000

$213

Palm Desert East

114

$271,000

$179

Palm Desert North

82

$319,500

$197

Palm Desert South

69

$305,000

$223

Palm Springs Central

74

$272,000

$239

Palm Springs North End

40

$136,450

$174

Palm Springs South End

148

$254,500

$195

92

$311,250

$170

781

$265,038

$188

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

Palm Springs’ Glorious Koerner House, $3.35M

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

Simply put, one of architect E. Stewart Williams

community. From stylish boutique hotels and high-end

loveliest houses. In outstanding condition and

vintage shopping to the annual Modernism Week, the

set in its original Garrett Ecko-designed gardens

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,

on almost an acre, this 4-bed, 4-bath home was built in 1955 and like all of Williams’ projects, would set a standard for Mid-Century Palm Springs.

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). View more on our blog

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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 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$298,750 $175 108 62

$276,350 $162 96 87

8.11% 8.01% 12.50% -28.74%

$150,000 $129 27 93

$120,000 $112 19 93

25.00% 15.11% 42.11% 0.00%

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$388,000 $226 40 77

$293,500 $183 41 102

32.20% 23.44% -2.44% -24.51%

$163,750 $130 30 116

$171,000 $126 25 91

-4.24% 2.81% 20.00% 27.47%

SFR

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$850,000 $343 65 92

$935,000 $347 52 109

-9.09% -1.05% 25.00% -15.60%

$388,000 $208 25 106

$375,000 $188 25 87

3.47% 10.61% 0.00% 21.84%

SFR

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$382,000 $190 35 65

$358,000 $171 48 81

6.70% 11.44% -27.08% -19.75%

$200,000 $205 17 93

$184,000 $187 11 88

8.70% 9.92% 54.55% 5.68%

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

CONDO

Q1 2017

LA QUINTA NO OF HWY 111 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

SFR

Q1 2018

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

CONDO

Q1 2018

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

SFR

SFR

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$536,000 $266 277 98

$555,500 $247 284 109

-3.51% 7.59% -2.46% -10.09%

$409,000 $213 63 81

$337,450 $196 72 112

21.20% 8.52% -12.50% -27.68%

“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 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$384,450 $198 76 107

$350,000 $194 67 93

9.84% 1.71% 13.43% 15.05%

$271,000 $179 114 93

$240,000 $170 135 105

12.92% 5.57% -15.56% -11.43%

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

SFR

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$444,000 $201 69 91

$399,500 $191 52 83

11.14% 5.05% 32.69% 9.64%

$319,500 $197 82 82

$275,250 $171 84 102

16.08% 14.87% -2.38% -19.61%

SFR Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$753,500 $351 68 84

$670,000 $314 103 86

12.46% 11.65% -33.98% -2.33%

$305,000 $223 69 95

$230,000 $187 63 96

32.61% 18.94% 9.52% -1.04%

SFR

CONDO

Q1 2018

Q4 2016

% CHANGE

Q1 2018

Q4 2016

% CHANGE

$750,000 $390 63 74

$677,024 $368 57 80

10.78% 5.93% 10.53% -7.50%

$272,000 $239 74 93

$260,000 $239 82 98

4.62% 4.18% -9.76% -5.10%

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

CONDO

Q1 2018

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

CONDO

Q1 2018

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

CONDO

SFR

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$430,000 $260 79 79

$404,000 $239 85 101

6.44% 8.58% -7.06% -21.78%

$136,450 $174 40 52

$125,000 $183 41 60

9.16% -4.49% -2.44% -13.33%

“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.

The Market Report :: Q1 2018

deasypenner.com


MARKET PERFORMANCE BY NEIGHBORHOOD :: COACHELLA VALLEY AREA

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

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$753,500 $351 68 84

$670,000 $314 103 86

12.46% 11.65% -33.98% -2.33%

$254,500 $195 148 70

$234,000 $192 143 92

8.76% 1.64% 3.50% -23.91%

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

SFR

SFR

CONDO

Q1 2018

Q1 2017

% CHANGE

Q1 2018

Q1 2017

% CHANGE

$663,500 $256 148 89

$640,000 $253 135 111

3.67% 1.11% 9.63% -19.82%

$311,250 $170 92 98

$270,000 $160 94 108

15.28% 6.10% -2.13% -9.26%

“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 2018

deasypenner.com


WHAT’S NEW ON HOMEASART.COM


deasy/penner Hosts EMERGE 2018 Benefit Art Auction Fulcrum Arts will present over forty works for auction by artists including Edgar Arceneaux, Johanna Breiding, Marc Fichou, Edgar Heap of Birds, Sandeep Mukherjee, Neal Rock, Steve Roden, and Liz Young.

Artwork will be available for bidding on paddle8.com from April 12-26, 2018.

We share our passion for design on our blog

HomeAsArt.com Photography by Justin Juarez

The Market Report :: Q1 2018

Photography by Justin Juarez

deasypenner.com


Visit The Historic Echo Park Lake

More Knotty Pine Than You Can Shake A Stick At, $1.4M

After a two-year makeover, the

Where: 350 San Miguel Road, San

Eastside’s historic Echo Park Lake

Rafael Hills/Pasadena

has finally become a family-friendly

When: Sunday, April 8 2:00pm-

destination worthy of its Downtown

5:00pm, Saturday/Sunday April

skyline backdrop amid the lotus

14/15 2:00pm-5:00pm

flower bloom and the spray of the

Asking: $1,398,000

fountains. Make sure to fuel up

What: A spacious 3-bed, 2-bath

at Square One (inside the revived

classic ranch, built in 1949– the early

boathouse) before doing some laps

years of the post-WWII war building

around the lake in your rental...

boom, when high-quality...

Photography by Shawn Bishop

The Market Report :: Q1 2018

Photography by Charmaine David

deasypenner.com


CONTACT US

we know design

deasy/penner&partners 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. Pasadena | Hancock Park | Silver Lake | Venice | Santa Monica | Palm Springs 310.275.1000 626.683.0777 info@deasypenner.com

deasy/penner home as art.ÂŽ

deasy/penner Q1 2018 Market Analysis Report  

A guide to market performance and analysis. Explore your neighborhood today.

deasy/penner Q1 2018 Market Analysis Report  

A guide to market performance and analysis. Explore your neighborhood today.