Page 1

Q1 2017 MARKET REPORT deasy/penner&partners


YOUR GUIDE TO MARKET PERFORMANCE & ANALYSIS


la county :: market snapshot SINGLE FAMILY HOMES

CONDOMINIUM HOMES

Data*

Q1 2017

Q1 2016

% Change

Data*

Q1 2017

Q1 2016

% Change

Median Price

$589,000

$550,000

7.25%

Median Price

$450,000

$420,000

7.14%

$437

$414

5.56%

Avg. Price / Sq. Ft.

$418

$398

4.99%

Properties Sold

10,397

10,053

3.42%

Properties Sold

3,896

3,588

8.58%

Days on Market

57

64

-10.94%

Days on Market

53

63

-15.87%

Avg. Price / Sq. Ft.

MEDIAN PRICE

MEDIAN PRICE

$589,900

$450,000

vs Q1 2016

+7%

$550,000

DAYS ON THE MARKET

+7%

$420,000

PROPERTIES SOLD

57

64

Q1 2017

Q1 2016

DAYS

vs Q1 2016

3,896

3,588

Q1 2016

Q1 2015

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 2017

deasypenner.com


EXPLORE YOUR NEIGHBORHOOD


los angeles area NEIGHBORHOOD FOCUS Q1 2017 NEIGHBORHOOD

SINGLE FAMILY HOMES

# OF SALES

MED. SALE PRICE

AVG. $ / SQ. FT.

Baldwin Hills

1

$969,000

$439

Beverly Hills

34

$5,362,500

$1,317

Beverly Hills PO

20

$2,655,000

$900

Beverlywood

46

$1,137,000

$702

Beverly Center - Miracle

54

$1,502,500

$750

Brentwood

43

$4,230,000

$1,128

Cheviot Hills - Rancho Park

23

$2,226,000

$818

Culver City

41

$1,149,000

$777

Downtown LA

29

$375,000

$306

Hancock Park - Wilshire

57

$1,725,000

$680

Hollywood

20

$1,022,000

$612

Hollywood Hills East

32

$1,435,000

$625

Ladera Heights

10

$1,018,750

$442

Leimert Park

NA

NA

NA

Los Feliz

35

$1,288,000

$672

Mid - Los Angeles

89

$680,000

$472

Silver Lake - Echo Park

64

$972,000

$620

Studio City

67

$1,516,000

$601

112

$1,717,500

$827

5

$1,065,000

$374

Westwood - Century City

43

$1,935,000

$882

West Hollywood

25

$1,480,000

$839

West LA

20

$1,032,500

$734

870

$1,658,761

$705

Sunset Strip - HH West 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 2017

deasypenner.com


The Market Report :: Q1 2017 West LA

West Hollywood

$6M

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 2017 — Q1 2016 SINGLE FAMILY HOMES 2016 2017

$4.5M

$3M

$1.5M

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.

deasypenner.com


los angeles area NEIGHBORHOOD FOCUS Q1 2017 NEIGHBORHOOD

CONDOMINIUM HOMES

# OF SALES

MED. SALE PRICE

AVG. $ / SQ. FT.

Baldwin Hills

2

$473,575

$374

Beverly Hills

28

$1,225,000

$673

Beverly Hills PO

NA

NA

NA

Beverlywood

14

$646,500

$569

Beverly Center - Miracle

18

$686,000

$578

Brentwood

39

$876,000

$603

Cheviot Hills - Rancho Park

NA

NA

NA

Culver City

44

$502,500

$501

Downtown LA

92

$607,750

$624

Hancock Park - Wilshire

45

$593,000

$489

Hollywood

33

$680,000

$603

Hollywood Hills East

4

$445,000

$523

Ladera Heights

2

$455,000

$388

NA

NA

NA

Los Feliz

4

$520,000

$583

Mid - Los Angeles

6

$614,500

$450

Silver Lake - Echo Park

25

$680,000

$500

Studio City

43

$560,000

$439

Sunset Strip - HH West

25

$615,000

$679

View Park

NA

NA

NA

119

$854,000

$633

West Hollywood

90

$691,250

$677

West LA

34

$807,500

$599

667

$659,609

$552

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 2017

deasypenner.com


The Market Report :: Q1 2017 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 2017 CONDOMINIUM HOMES

$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.

deasypenner.com


neighborhood spotlight

CULVER CITY Art galleries? Check. Walkable downtown area? Yup.

located, family-friendly, and ethnically diverse, Culver

An Architectural View of the Samitaur Tower in Culver City

City is one of L.A.’s most in-demand neighborhoods.

Designed by Eric Owen Moss Architects, the

Happening dining and bar scene? Oh yeah. Centrally

Since the 1920s, the area has been a center for film and TV production (Sony Pictures Entertainment, Culver

Samitaur Tower in Culver City is an iconic landmark constructed at the corner of Hayden Avenue and National Boulevard.

Studios, and the NFL Network are headquartered here) and was home to the Hughes Aircraft Company for 50plus years. Grab a Speakeasy-era cocktail at the historic Culver Hotel, shop for midcentury furnishings at H.D. Buttercup, and sample architecturally inspired desserts at Coolhaus. Nature lovers will appreciate the 13 public parks and Ballona Creek bicycle path. Design highlights include Eric Owen Moss’ Samitaur Tower, Arcana Books, designed by Johnston Marklee, and the offices of Clive

View more on our blog

HomeAsArt.com

Wilkinson Architects in the Arts District.

The Market Report :: Q1 2017

deasypenner.com


MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA

BALDWIN HILLS Q1 2017 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$969,000 $439 1 46

SFR Q1 2016 $842,500 $601 1 32

BEVERLY HILLS Q1 2017 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

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

Q1 2016 $4,270,000 $1,216 40 72

Q1 2016

% CHANGE

15.01% -26.98% 0.00% 43.75%

$473,575 $374 2 31

NA NA NA NA

NA NA NA NA

CONDO

% CHANGE

Q1 2017

Q1 2016

% CHANGE

25.59% 8.31% -15.00% 52.78%

$1,225,000 $673 28 62

$1,151,500 $642 32 69

6.38% 4.94% -12.50% -10.14%

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$2,655,000 $900 20 69

$2,445,000 $966 25 85

8.59% -6.90% -20.00% -18.82%

NA NA NA NA

NA NA NA NA

NA NA NA NA

SFR

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$1,137,000 $702 46 56

$1,257,587 $661 48 59

-9.59% 6.20% -4.17% -5.08%

$646,500 $569 14 32

$672,500 $513 10 47

-3.87% 10.80% 40.00% -31.91%

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

Q1 2017

SFR

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

% CHANGE

SFR

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

CONDO

SFR

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$1,502,500 $750 54 61

$1,434,000 $729 41 49

4.78% 2.98% 31.71% 24.49%

$686,000 $578 18 54

$590,000 $573 19 58

16.27% 0.87% -5.26% -6.90%

“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 2017

deasypenner.com


MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA

BRENTWOOD

SFR Q1 2017

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

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

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

65.29% 21.44% 2.38% -12.94%

$876,000 $603 39 43

$981,250 $605 62 68

-10.73% -0.26% -37.10% -36.76%

$2,559,100 $929 42 85

CHEVIOT HILLS :: RANCHO PARK Q1 2017 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$2,226,000 $818 23 60

Q1 2016 $1,635,000 $749 20 83

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

CONDO

% CHANGE

Q1 2017

Q1 2016

% CHANGE

36.15% 9.11% 15.00% -27.71%

NA NA NA NA

NA NA NA NA

NA NA NA NA

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$1,149,000 $777 41 46

$990,000 $682 39 57

16.06% 13.91% 5.13% -19.30%

$502,500 $501 44 34

$456,000 $451 40 48

10.20% 11.27% 10.00% -29.17%

SFR

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$375,000 $306 29 70

$285,000 $251 27 102

31.58% 21.74% 7.41% -31.37%

$607,750 $624 92 69

$600,000 $622 63 83

1.29% 0.36% 46.03% -16.87%

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

SFR

SFR

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

CONDO

SFR

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$1,725,000 $680 57 83

$1,471,337 $632 55 69

17.24% 7.70% 3.64% 20.29%

$593,000 $489 45 68

$480,000 $479 37 64

23.54% 2.03% 21.62% 6.25%

“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 2017

deasypenner.com


MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA

HOLLYWOOD

SFR Q1 2017

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

$1,022,000 $612 20 54

Q1 2016 $849,450 $569 26 63

HOLLYWOOD HILLS EAST Q1 2017 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$1,435,000 $625 32 75

Q1 2016 $1,140,000 $628 29 63

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

Q1 2017

Q1 2016

% CHANGE

20.31% 7.58% -23.08% -14.29%

$680,000 $603 33 59

$622,500 $520 25 65

9.24% 15.99% 32.00% -9.23%

SFR

CONDO

% CHANGE

Q1 2017

Q1 2016

% CHANGE

25.88% -0.3% 10.34% 19.05%

$445,000 $523 4 52

$449,250 $449 8 65

-0.95% 16.66% -50.00% -20.00%

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$1,018,750 $442 10 119

$937,250 $382 12 78

8.70% 15.88% -16.67% 52.56%

$455,000 $388 2 42

$398,670 $329 1 95

14.13% 17.95% 100.00% -55.79%

SFR

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

NA NA NA NA

$547,250 $231 2 82

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

% CHANGE

SFR

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

CONDO

SFR

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$1,288,000 $672 35 90

$1,500,000 $657 55 72

-14.13% 2.14% -36.36% 25.00%

$520,000 $583 4 105

$595,000 $533 7 64

-12.61% 9.46% -42.86% 64.06%

“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 2017

deasypenner.com


MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA

MID LOS ANGELES Q1 2017 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$680,000 $472 89 51

SFR Q1 2016 $529,950 $413 98 47

SILVER LAKE :: ECHO PARK Q1 2017 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$972,000 $620 64 60

Q1 2016 $955,000 $598 86 62

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

Q1 2017

Q1 2016

% CHANGE

28.31% 14.33% -9.18% 8.51%

$614,500 $450 6 27

$469,500 $368 4 60

30.88% 22.32% 50.00% -55.00%

SFR

CONDO

% CHANGE

Q1 2017

Q1 2016

% CHANGE

1.78% 3.69% -25.58% -3.23%

$680,000 $500 25 60

$624,500 $484 6 94

8.89% 3.34% 316.67% -36.17%

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$1,516,000 $601 67 77

$1,316,000 $579 58 68

15.15% 3.83% 15.52% 13.24%

$560,000 $439 43 61

$554,500 $424 48 71

0.99% 3.58% -10.42% -14.08%

SFR

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$1,717,500 $827 112 79

$1,745,000 $886 111 87

-1.58% -6.63% 0.90% -9.20%

$615,000 $679 25 63

$565,000 $519 23 53

8.85% 30.82% 8.70% 18.87%

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

% CHANGE

SFR

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

CONDO

SFR

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$1,065,000 $374 5 61

$782,500 $414 8 57

36.10% -9.78% -37.50% 7.02%

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 2017

deasypenner.com


MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA

WESTWOOD :: CENTURY CITY Q1 2017 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$1,935,000 $882 43 44

Q1 2016 $1,644,000 $854 44 43

WEST HOLLYWOOD Q1 2017 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$1,480,000 $839 25 74

CONDO

% CHANGE

Q1 2017

Q1 2016

% CHANGE

-17.70% 3.30% -2.27% 2.33%

$854,000 $633 119 64

$804,500 $598 116 78

6.15% 5.97% 2.59% -17.95%

SFR Q1 2016 $1,585,000 $970 31 56

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

SFR

CONDO

% CHANGE

Q1 2017

Q1 2016

% CHANGE

-6.62% -13.45% -19.35% 32.14%

$691,250 $677 90 46

$677,500 $661 86 57

2.03% 2.48% 4.65% -19.30%

SFR

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$1,032,500 $734 20 49

$975,000 $799 21 47

5.90% -8.13% -4.76% 4.26%

$807,500 $599 34 56

$683,500 $533 40 52

18.14% 12.39% -15.00% 7.69%

“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 2017

deasypenner.com


westside la area

NEIGHBORHOOD FOCUS Q1 2017 NEIGHBORHOOD

SINGLE FAMILY HOMES

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

8

$7,724,500

$3,184

Malibu

41

$2,799,000

$965

Marina Del Rey

16

$1,487,000

$858

Pacific Palisades

57

$2,895,000

$1,054

Palms - Mar Vista

60

$1,382,500

$819

6

$1,817,500

$746

Santa Monica

62

$2,175,500

$1,280

Venice

46

$1,675,000

$1,109

296

$2,744,500

$1,252

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 2017

deasypenner.com


westside la area

PROPERTIES SOLD Q1 2017

SINGLE FAMILY HOMES

62 60 46 Venice

41

16 8

6 Playa Vista

Malibu Beach

Marina del Rey

Malibu

Pacific Palisades

Palms – Mar Vista

Santa Monica

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 2017

deasypenner.com


westside la area

NEIGHBORHOOD FOCUS Q1 2017 NEIGHBORHOOD

CONDOMINIUM HOMES

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Malibu Beach

3

$740,000

$756

Malibu

6

$1,075,000

$567

Marina Del Rey

82

$858,995

$649

Pacific Palisades

11

$1,150,000

$611

Palms - Mar Vista

27

$659,000

$569

Playa Vista

28

$945,000

$652

Santa Monica

74

$937,500

$861

8

$1,347,500

$810

239

$964,124

$684

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 2017

deasypenner.com


westside la area

PROPERTIES SOLD CHANGE Q1 2017 — Q1 2016

CONDOMINIUM HOMES 2016

90

2017

% Change

+58%

-15%

67.5

45

42% 22.5

0

+4%

-39% +50%

-45%

Malibu Beach

Malibu

Marina Del Rey

Pacific Palisades

+14%

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 2017

deasypenner.com


neighborhood spotlight

MALIBU :: MALIBU BEACH Jaw-dropping eight-figure homes, dramatic bluffs, and some of the best views in the L.A. is found in Malibu,

My Home As Art :: Douglas Rucker, Architect

which sits on a 21-mile strip of coastline. A haven for

A 10-minute drive up Malibu Canyon from

A-list celebrities, families (the elementary schools are

the beach, this pristine Mid-Century Modern

top-rated), and surfers alike, the neighborhood is home

home is nestled in the picturesque Monte Nido

to billionaire-friendly Carbon Beach, the private Point Dume, one-mile long Broad Beach, and boasts homes by Richard Neutra, Frank Gehry, and Richard Meier. Aside

neighborhood, a short walk to Saddle Peak Lodge just East of Malibu Creek State Park. Architect Douglas Rucker designed the post and beam structure with walls of glass and skylights to take full advantage of the pristine...

from oceanfront properties on PCH, there’s the gated Malibu Colony and Malibu Cove Colony, rustic Malibu Road, and the distinctive Serra Retreat. Residents hardly ever need to go to into the city—Malibu has its own Nobu and Mr. Chow, and designer shops such as Ron Herman, Curve, and John Varvatos at the Malibu Country Mart. Horseback-riding, hiking, and mountain-biking are all popular with locals who maintain a casual, California cool vibe.

The Market Report :: Q1 2017

View more on our blog

HomeAsArt.com

deasypenner.com


MARKET PERFORMANCE BY NEIGHBORHOOD :: WESTSIDE AREA

MALIBU BEACH Q1 2017 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

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

SFR Q1 2016 $9,225,000 $2,858 12 172

MALIBU $2,799,000 $965 41 141

Q1 2016 $2,350,000 $788 40 102

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

Q1 2016

% CHANGE

-16.27% 11.39% -33.33% -9.30%

$740,000 $756 3 112

$1,415,000 $1,050 2 63

-47.70% -28.07% 50.00% 77.78%

CONDO

% CHANGE

Q1 2017

Q1 2016

% CHANGE

19.11% 22.54% 2.50% 38.24%

$1,075,000 $567 6 84

$783,000 $617 11 127

37.29% -8.08% -45.45% -33.86%

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$1,487,000 $858 16 47

$875,000 $823 13 65

69.94% 4.28% 45.45% -27.69%

$858,995 $649 82 56

$812,000 $643 52 87

5.79% 0.86% 57.69% -35.63%

SFR

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

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

$2,724,000 $1,043 57 65

6.28% 1.06% 0.00% 20.00%

$1,150,000 $611 11 55

$875,000 $580 18 62

31.43% 5.46% -38.89% -11.29%

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

Q1 2017

SFR

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

% CHANGE

SFR Q1 2017

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

CONDO

SFR

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$1,382,500 $819 60 52

$1,280,000 $835 71 52

8.01% -1.96% -15.49% 0.00%

$659,000 $569 27 38

$580,000 $515 19 45

13.62% 10.42% 42.11% -15.56%

“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 2017

deasypenner.com


MARKET PERFORMANCE BY NEIGHBORHOOD :: WESTSIDE AREA

PLAYA VISTA

SFR Q1 2017

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

$1,817,500 $746 6 47

Q1 2016 NA NA NA NA

SANTA MONICA Q1 2017 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$2,175,500 $1,280 62 59

% CHANGE

Q1 2017

Q1 2016

% CHANGE

NA NA NA NA

$945,000 $652 28 53

$900,000 $651 27 45

5.00% 0.17% 3.70% 17.78%

SFR Q1 2016 $2,995,000 $1,056 48 53

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

CONDO

CONDO

% CHANGE

Q1 2017

Q1 2016

% CHANGE

-27.36% 21.21% 29.17% 11.32%

$937,500 $861 74 54

$895,000 $895 87 50

4.75% -3.80% -14.94% 8.00%

SFR

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$1,675,000 $1,109 46 54

$1,900,000 $1,259 43 57

-11.84% -11.90% 6.98% -5.26%

$1,347,500 $810 8 40

$1,625,000 $994 7 79

-17.08% -18.46% 14.29% -49.37%

“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.

The Market Report :: Q1 2017

deasypenner.com


pasadena + san gabriel valley area

NEIGHBORHOOD FOCUS Q1 2017 NEIGHBORHOOD

SINGLE FAMILY HOMES

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Alhambra

48

$641,000

$453

Arcadia

88

$1,384,000

$576

Altadena

80

$783,000

$511

Bradbury

2

$2,950,000

$837

Eagle Rock

38

$827,500

$538

Glendora

94

$547,500

$367

Highland Park

55

$720,000

$586

La Crescenta / Glendale

71

$799,000

$547

La Cañada Flintridge

51

$1,853,000

$648

Monrovia

55

$692,550

$441

Mount Washington

25

$844,000

$552

Pasadena NE

72

$759,000

$510

Pasadena NW

46

$742,500

$537

Pasadena SE

36

$949,437

$609

Pasadena SW

21

$1,030,000

$637

Rosemead / South San Gabriel

29

$560,000

$401

San Gabriel

53

$715,000

$480

San Marino

25

$2,630,000

$858

Sierra Madre

18

$1,147,500

$487

South Pasadena

18

$1,462,337

$624

Sunland / Tujunga

80

$570,000

$400

TOTAL/AVERAGE

1,005

$1,076,539

$552

“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 2017

deasypenner.com


pasadena + san gabriel valley area

AVERAGE DAYS ON MARKET

Q1 2017 SINGLE FAMILY HOMES 214

61

Sunland / Tujunga

44

South Pasadena

65

Sierra Madre

73

San Marino

Pasadena SW

64

San Gabriel

49

55

Rosemead / South San Gabriel

46

Pasadena SE

82

Pasadena NW

Mount Washington

Highland Park

Glendora

Eagle Rock

Bradbury

Altadena

Arcadia

Alhambra

39

46

47

52

Monrovia

53

La Cañada Flintridge

55

56

Pasadena NE

65

65

La Crescenta / Glendale

54

60

“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 2017

deasypenner.com


pasadena + san gabriel valley area

NEIGHBORHOOD FOCUS Q1 2017 NEIGHBORHOOD

CONDOMINIUM HOMES

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Alhambra

38

$485,000

$385

Arcadia

40

$715,000

$430

Altadena

1

$425,000

$273

Bradbury

NA

NA

NA

1

$420,000

$438

13

$438,000

$284

5

$315,000

$423

La Crescenta / Glendale

21

$493,000

$412

La Cañada Flintridge

NA

NA

NA

Monrovia

23

$525,000

$360

Mount Washington

NA

NA

NA

Pasadena NE

9

$510,000

$436

Pasadena NW

12

$594,500

$411

Pasadena SE

82

$549,500

$479

Pasadena SW

23

$738,000

$592

6

$411,250

$318

San Gabriel

13

$575,000

$351

San Marino

NA

NA

NA

1

$740,000

$590

South Pasadena

15

$748,000

$548

Sunland / Tujunga

11

$415,000

$312

TOTAL/AVERAGE

314

$535,132

$414

Eagle Rock Glendora Highland Park

Rosemead / South San Gabriel

Sierra Madre

“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 2017

deasypenner.com


neighborhood spotlight

ALTADENA Located about 14 miles from Downtown L.A. and directly north of Pasadena, Altadena is an

A Look at Sierra Madre’s 120-Year-Old Wisteria Vine

unincorporated area with a high median household

The world’s largest blossoming plant was on

income and cozy population of 42,777. Stop in at

display for nearly 10,000 visitors at yesterday’s

foodie-friendly AltaEats and shop the top-notch

annual Wistaria Festival in Sierra Madre.

Farmers Market on Wednesdays, featuring Coldwater Canyon Provisions’ famed jams, artisan cheese from

Nicknamed “Lavender Lady,” the wistaria vine weighed around 250 tons when it entered the Guinness World Records in 1990.

Drake Family Farms, and Japanese rice sandwiches from Mama Musubi. Significant architecture in the neighborhood includes the Queen Anne-style Andrew McNally House, ultra modern Beard House, Craftsmanstyle Keyes Bungalow, brick-covered Pacific Electric Railway Company Substation No. 8, and Italianate and Colonial Revival-style Woodbury-Story House. Altadena’s aptly named Christmas Tree Lane has been a holiday attraction since 1920, and features the oldest large-scale outdoor Christmas lighting venue in the world.

The Market Report :: Q1 2017

View more on our blog

HomeAsArt.com

deasypenner.com


MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA

ALHAMBRA

SFR Q1 2017

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

$641,000 $453 48 54

Q1 2016 $620,000 $406 33 62

ARCADIA $1,384,000 $576 88 60

Q1 2016 $1,205,000 $536 86 76

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

Q1 2016

% CHANGE

3.39% 11.58% 45.45% -12.90%

$485,000 $385 38 93

$454,944 $361 24 53

6.61% 6.48% 58.33% 75.47%

CONDO

% CHANGE

Q1 2017

Q1 2016

% CHANGE

14.85% 7.63% 2.33% -21.05%

$715,000 $430 40 63

$615,000 $376 38 82

16.26% 14.39% 5.26% -23.17%

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$783,000 $511 80 55

$710,000 $428 71 61

10.28% 19.37% 12.68% -9.84%

$425,000 $273 1 48

NA NA NA NA

NA NA NA NA

SFR

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$2,950,000 $837 2 214

$952,500 $381 4 131

209.71% 119.55% -50.00% 63.36%

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

Q1 2017

SFR

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

% CHANGE

SFR Q1 2017

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

CONDO

SFR

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$827,500 $538 38 65

$772,500 $504 53 50

7.12% 6.70% -28.30% 30.00%

$420,000 $438 1 36

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 2017

deasypenner.com


MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA

GLENDORA

SFR Q1 2017

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

$547,500 $367 94 53

Q4 2015 $528,000 $355 77 77

HIGHLAND PARK

CONDO

% CHANGE

Q4 2016

Q4 2015

% CHANGE

3.69% 3.28% 22.08% -31.17%

$438,000 $284 13 75

$440,500 $285 8 63

-0.57% -0.16% 62.50% 19.05%

SFR

CONDO

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$582,500 $518 54 60

23.61% 13.13% 1.85% -35.00%

$315,000 $423 5 57

$385,000 $327 3 20

-18.18% 29.49% 66.67% 185.00%

LA CRESCENTA :: GLENDALE

SFR

Q1 2017 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

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

$720,000 $586 55 39

Q1 2016

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$799,000 $547 71 46

$760,000 $494 59 53

5.13% 10.77% 20.34% -13.21%

$493,000 $412 21 42

$425,000 $385 27 55

16.00% 6.88% -22.22% -23.64%

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

SFR

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$1,853,000 $648 51 47

$1,580,000 $630 52 56

17.28% 2.78% -1.92% -16.07%

NA NA NA NA

$953,000 $477 2 42

NA NA NA NA

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

CONDO

SFR

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$692,550 $441 55 52

$616,651 $439 56 54

12.31% 0.32% -1.79% -3.70%

$525,000 $360 23 29

$405,000 $362 16 63

29.63% -0.38% 43.75% -53.97%

“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 2017

deasypenner.com


MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA

MOUNT WASHINGTON Q1 2017 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$844,000 $552 25 65

SFR Q1 2016 $757,000 $473 26 61

PASADENA NE Q1 2017 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$759,000 $510 72 56

Q1 2016 $752,500 $490 90 64

Q1 2016

% CHANGE

11.49% 16.79% -3.85% 6.56%

NA NA NA NA

NA NA NA NA

NA NA NA NA

CONDO

% CHANGE

Q1 2017

Q1 2016

% CHANGE

0.86% 4.10% -20.00% -12.50%

$510,000 $436 9 45

$535,000 $365 19 47

-4.67% 19.49% -52.63% -4.26%

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$742,500 $537 46 82

$605,000 $517 31 45

22.73% 3.76% 48.39% 82.22%

$594,500 $411 12 46

$460,000 $419 14 72

29.24% -2.00% -14.29% -36.11%

SFR

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$949,437 $609 36 46

$940,000 $566 39 62

1.00% 7.60% -7.69% -25.81%

$549,500 $479 82 45

$495,000 $460 66 52

11.01% 4.21% 24.24% -13.46%

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

Q1 2017

SFR

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

% CHANGE

SFR

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

CONDO

SFR

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$1,030,000 $637 21 49

$1,150,000 $609 19 53

-10.43% 4.65% 10.53% -7.55%

$738,000 $592 23 86

$694,900 $459 32 67

6.20% 28.96% -28.13% 28.36%

“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 2017

deasypenner.com


MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA

ROSEMEAD :: S. SAN GABRIEL Q1 2017 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$560,000 $401 29 55

Q1 2016 $505,000 $392 37 73

SAN GABRIEL $715,000 $480 53 64

Q1 2016 $764,000 $446 44 72

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

Q1 2017

Q1 2016

% CHANGE

10.89% 2.32% -21.62% -24.66%

$411,250 $318 6 36

$355,000 $315 10 78

15.85% 1.17% -40.00% -53.85%

CONDO

% CHANGE

Q1 2017

Q1 2016

% CHANGE

-6.41% 7.49% 20.45% -11.11%

$575,000 $351 13 74

$444,995 $332 14 61

29.21% 5.82% -7.14% 21.31%

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$2,630,000 $858 25 73

$1,952,500 $838 32 83

34.70% 2.32% -21.88% -12.05%

NA NA NA NA

NA NA NA NA

NA NA NA NA

SFR

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$1,147,500 $487 18 65

$1,114,000 $542 18 48

3.01% -9.99% 0.00% 35.42%

$740,000 $590 1 212

$625,000 $453 7 58

18.40% 30.14% -85.71% 265.52%

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

% CHANGE

SFR

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

CONDO

SFR Q1 2017

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

SFR

SFR

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$1,462,337 $624 18 44

$1,005,000 $581 22 56

45.51% 7.25% -18.18% -21.43%

$748,000 $548 15 49

$560,000 $414 11 34

33.57% 32.62% 36.36% 44.12%

“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 2017

deasypenner.com


MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA

SUNLAND :: TUJUNGA Q1 2017 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$570,000 $400 80 61

SFR Q1 2016 $525,000 $357 74 60

CONDO

% CHANGE

Q1 2017

Q1 2016

% CHANGE

8.57% 11.96% 8.11% 1.67%

$415,000 $312 11 56

$390,450 $317 8 41

6.29% -1.43% 37.50% 36.59%

“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 2017

deasypenner.com


coachella valley area

NEIGHBORHOOD FOCUS Q1 2017

SINGLE FAMILY HOMES

NEIGHBORHOOD

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Cathedral City North

94

$276,350

$162

Cathedral City South

41

$293,500

$183

Indian Wells

51

$905,000

$341

La Quinta No of HWY 111

48

$358,000

$171

La Quinta S.Of H

283

$555,000

$247

Palm Desert East

67

$350,000

$194

Palm Desert North

52

$399,500

$191

Palm Desert South

61

$612,500

$317

Palm Springs Central

55

$675,000

$369

Palm Springs North End

84

$404,500

$240

Palm Springs South End

100

$667,102

$311

Rancho Mirage

134

$645,000

$253

1,070

$511,788

$248

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 2017

deasypenner.com


coachella valley area

MEDIAN PRICE

Q1 2017 — Q1 2016 SINGLE FAMILY HOMES 2016 2017

$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.

The Market Report :: Q1 2017

deasypenner.com


coachella valley area

NEIGHBORHOOD FOCUS Q1 2017

CONDOMINIUM HOMES

NEIGHBORHOOD

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Cathedral City North

19

$120,000

$112

Cathedral City South

25

$171,000

$126

Indian Wells

25

$375,000

$188

La Quinta No of HWY 111

11

$184,000

$187

La Quinta S.Of H

70

$335,000

$196

Palm Desert East

134

$240,000

$170

Palm Desert North

83

$275,500

$171

Palm Desert South

63

$230,000

$187

Palm Springs Central

82

$260,000

$229

Palm Springs North End

41

$125,000

$183

Palm Springs South End

140

$234,500

$192

94

$270,000

$160

787

$235,000

$175

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.

The Market Report :: Q1 2017

deasypenner.com


neighborhood spotlight

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

DPP in the News :: Palm Springs Architectural

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

As one of the architects whose work would

community. From stylish boutique hotels and high-end

define the look of Palm Springs architecture, the

vintage shopping to the annual Modernism Week, the

role of Donald Wexler (1926-2015) in bringing

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,

Mid-century Modernism to the desert cannot be underestimated. With dozens of projects to his credit, this protegé of Richard Neutra would bring an aesthetic of low, sweeping post-andbeam structures to the Coachella...

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

HomeAsArt.com

The Market Report :: Q1 2017

deasypenner.com


MARKET PERFORMANCE BY NEIGHBORHOOD :: COACHELLA VALLEY AREA

CATHEDRAL CITY NORTH Q1 2017 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$276,350 $162 94 86

Q1 2016 $267,500 $151 82 114

CATHEDRAL CITY SOUTH Q1 2017 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$293,500 $183 41 102

Q1 2016 $281,250 $185 32 120

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

% CHANGE

Q1 2017

Q1 2016

% CHANGE

3.31% 7.15% 14.63% -24.56%

$120,000 $112 19 93

$120,000 $109 23 148

0.00% 2.69% -17.39% -37.16%

SFR

CONDO

% CHANGE

Q1 2017

Q1 2016

% CHANGE

4.36% -1.16% 28.13% -15.00%

$171,000 $126 25 91

$155,000 $116 23 131

10.32% 9.07% 8.70% -30.53%

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$905,000 $341 51 111

$680,000 $275 51 138

33.09% 24.12% 0.00% -19.57%

$375,000 $188 25 88

$422,500 $215 18 156

-11.24% -12.69% -38.89% -43.59%

SFR

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$358,000 $171 48 81

$352,000 $170 43 134

1.70% 0.67% 11.63% -39.55%

$184,000 $187 11 88

$195,750 $186 12 127

-6.00% 0.28% -8.33% -30.71%

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

CONDO

SFR

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

SFR

SFR

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$555,000 $247 283 109

$525,000 $245 198 138

5.71% 0.99% 42.93% -21.01%

$335,000 $196 42 112

$329,000 $188 32 160

1.82% 4.39% 31.25% -30.00%

“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 2017

deasypenner.com


MARKET PERFORMANCE BY NEIGHBORHOOD :: COACHELLA VALLEY AREA

PALM DESERT EAST Q1 2017 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$350,000 $194 67 93

SFR Q1 2016 $332,500 $186 60 117

PALM DESERT NORTH Q1 2017 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$399,500 $191 52 83

Q1 2016 $391,400 $192 41 107

Q1 2016

% CHANGE

5.26% 4.71% 11.67% -20.51%

$240,000 $170 134 106

$244,000 $172 86 107

-1.64% -0.83% 55.81% -0.93%

CONDO

% CHANGE

Q1 2017

Q1 2016

% CHANGE

2.07% -0.17% 26.83% -22.43%

$275,500 $171 83 102

$288,000 $172 54 106

-4.34% -0.53% 53.70% -3.77%

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$612,500 $317 61 107

$574,800 $278 44 127

6.56% 13.87% 38.64% -15.75%

$230,000 $187 63 96

$270,000 $189 49 111

-14.81% -0.65% 28.57% -13.51%

SFR

CONDO

Q4 2016

Q1 2016

% CHANGE

Q4 2016

Q1 2016

% CHANGE

$675,000 $369 55 82

$695,500 $373 60 104

-2.95% -1.10% -8.33% -21.15%

$260,000 $229 82 98

$273,250 $214 66 98

-4.85% 6.82% 24.24% 0.00%

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

Q1 2017

SFR

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

% CHANGE

SFR

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

CONDO

SFR

CONDO

Q1 2017

Q1 2016

% CHANGE

Q1 2017

Q1 2016

% CHANGE

$404,500 $240 84 98

$405,000 $243 81 88

-0.12% -1.13% 3.70% 11.36%

$125,000 $183 41 60

$103,900 $155 49 115

20.31% 17.78% -16.33% -47.83%

“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 2017

deasypenner.com


MARKET PERFORMANCE BY NEIGHBORHOOD :: COACHELLA VALLEY AREA

PALM SPRINGS SOUTH END Q1 2017 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$667,102 $311 100 88

Q1 2016 $650,000 $329 69 92

RANCHO MIRAGE Q1 2017 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$645,000 $253 134 111

SFR

CONDO

% CHANGE

Q1 2017

Q1 2016

% CHANGE

2.63% -5.51% 44.93% -4.35%

$234,500 $192 140 93

$229,500 $183 112 88

2.18% 5.27% 25.00% 5.68%

SFR Q1 2016 $700,000 $250 114 124

CONDO

% CHANGE

Q1 2017

Q1 2016

% CHANGE

-7.86% 1.15% 17.54% -10.48%

$270,000 $160 94 108

$269,000 $151 61 137

0.37% 5.80% 54.10% -21.17%

“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 2017

deasypenner.com


WHAT’S NEW ON HOMEASART.COM


A Look at Sierra Madre’s 120-YearOld Wisteria Vine The world’s largest blossoming plant was on display for nearly 10,000 visitors at yesterday’s annual Wistaria Festival in Sierra Madre. Nicknamed “Lavender Lady,” the wistaria vine weighed around 250 tons when it entered the Guinness World Records in 1990. The vine started in 1894 and sits in the backyard of homeowner Nell Solt.

We share our passion for design on our blog

HomeAsArt.com Photography by Justin Juarez

The Market Report :: Q1 2017

deasypenner.com


The Art & Design of Downtown’s Bradbury Building

An Architectural View of the Samitaur Tower

Today, we tour through

Designed by Eric Owen Moss

an architectural landmark

Architects, the Samitaur Tower in

commissioned by gold-mining

Culver City is an iconic landmark

millionaire Lewis L. Bradbury.

constructed at the corner of Hayden

Constructed in 1893, the Bradbury

Avenue and National Boulevard. The

Building is the oldest commercial

72-foot-tall tower is composed of

building left in Downtown Los

five off-kilter, stacked circular steel

Angeles. The original design was

rings. Its raw steel construction and

crafted by Sumner Hunt but was

jutting forms are a conspicuous new

replaced by George H. Wyman.

beacon for Hayden Tract.

Photography by Justin Juarez

The Market Report :: Q1 2017

Photography by Justin Juarez

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 | Venice | Santa Monica | Palm Springs 310.275.1000 626.683.0777 info@deasypenner.com

deasy/penner&partners

deasy/penner Q1 2017 Market Analysis Report  

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