Q2 2022 Market Report

Page 1

2022

Q2 MARKET REPORT

Photography © Carothers


Your Guide to Los Angeles

Market Performance & Analysis In the second quarter of 2022, Los Angeles singlefamily homes and condos reached all-time highs in median price and price per square foot, yet sold faster than ever. When compared to Q2 2021, single-family home price per square foot increased in nearly every L.A. neighborhood. Similarly, condo median price and price per square foot rose in every neighborhood where condos sold during the quarter. The number of single-family homes and condos sold declined 32% and 15% year-over-year, respectively, which is a result of low inventory rather than low demand. Although single-family home inventory rose slightly in Q2 2022, it was the lowest spring inventory ever. Condo inventory continued to decline in the second quarter. In the first half of 2022, rising mortgage rates and inflation did not negatively affect demand or prices, but with mortgage rates already at a 14-year high and rising, we may see demand soften in Q3 2022.


Los Angeles County | Market Snapshot Single Family Homes

Condominium Homes

Data*

Q2 2022 Q2 2021 % Change

Data*

Q2 2022 Q2 2021 % Change

Median Price

$995,000

$900,000

10.56%

Median Price

$695,000

$615,000

13.01%

Avg. Price / Sq. Ft.

$708

$618

14.54%

Avg. Price / Sq. Ft.

$635

$554

14.74%

Properties Sold

12,108

14,753

-17.93%

Properties Sold

4,627

5,706

-18.91%

Days on Market

18

21

-14.29%

Days on Market

19

26

-26.92%

Median Price

Median Price

$995,000

$695,000

vs Q2 2021

$900,000

10.56%

Days On The Market

vs Q2 2021

$615,000

Properties Sold

DAYS

21

4,627

DAYS

Q2 2022

Q2 2021

Q2 2022

18

13.01%

5,706

Q2 2021

“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.


Explore Your Neighborhood Los Angeles Area

Single Family Homes Q2 2022 NEIGHBORHOOD

# OF SALES

MED. SALE PRICE

AVG. $ / SQ. FT.

1

$1,475,000

$818

Beverly Hills

36

$6,027,500

$1,800

Beverly Hills PO

50

$3,597,509

$1,169

Beverlywood

39

$1,763,000

$1,081

51

$2,475,000

$1,060

83

$3,976,400

$1,420

17

$3,430,000

$1,132

Culver City

63

$1,850,000

$1,128

Downtown LA

24

$558,750

$533

Hancock Park - Wilshire

Baldwin Hills

Beverly Center - Miracle Mile Brentwood Cheviot Hills - Rancho Park

56

$2,330,000

$1,013

Hollywood

31

$1,550,000

$933

Hollywood Hills East

52

$1,963,500

$980

Ladera Heights

15

$1,800,000

$728

Leimert Park

NA

NA

NA

Los Feliz

46

$3,310,000

$1,169

Mid - Los Angeles

84

$1,155,000

$767

100

$1,687,500

$1,046

91

$2,300,000

$924

119

$2,650,000

$1,103

4

$1,565,000

$694

Silver Lake - Echo Park Studio City Sunset Strip - HH West View Park Westwood - Century City

NA

NA

NA

West Hollywood

38

$2,744,250

$1,164

West LA

33

$1,718,000

$1,073

1,033

$2,269,382

$988

TOTAL/AVERAGE


Condominium Homes Q2 2022 NEIGHBORHOOD Baldwin Hills Beverly Hills

# OF SALES

MED. SALE PRICE

AVG. $ / SQ. FT.

NA

NA‘

NA

41

$1,475,000

$874

Beverly Hills PO

NA

NA

NA

Beverlywood

20

$1,062,500

$737

Beverly Center - Miracle Mile

28

$1,025,000

$776

Brentwood Cheviot Hills - Rancho Park Culver City Downtown LA

75

$1,135,000

$776

NA

NA

NA

61

$740,000

$689

154

$600,000

$685

Hancock Park - Wilshire

49

$782,500

$663

Hollywood

32

$805,000

$686

Hollywood Hills East

15

$820,000

$640

Ladera Heights

6

$658,000

$490

NA

NA

NA

19

$933,000

$892

4

$737,500

$554

Silver Lake - Echo Park

27

$906,000

$750

Studio City

38

$815,000

$633

Sunset Strip - HH West

42

$738,500

$886

View Park

NA

NA

NA

Westwood - Century City

174

$1,210,000

$895

West Hollywood

121

$945,000

$901

West LA

39

$975,000

$755

945

$909,056

$738

Leimert Park Los Feliz Mid - Los Angeles

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.


Explore Your Neighborhood Los Angeles Area

Median Price

Q2 2022 — Q2 2021

Single Family Homes 2022

2021

Baldwin Hills

Beverly Center - Miracle Mile Beverly Hills Beverly Hills PO Beverlywood Brentwood Cheviot Hills - Rancho Park Culver City Downtown LA Hancock Park - Wilshire Hollywood Hollywood Hills East Ladera Heights Leimert Park Los Feliz Mid - Los Angeles Silver Lake - Echo Park Studio City Sunset Strip - HH West View Park West Hollywood West LA Westwood - Century City

0

$1.7M

$3.5M

$5.25M

$7M


Median Price

Q2 2022 — Q2 2021

Condominium Homes 2022

2021

Baldwin Hills Beverly Center

Beverly Hills Beverly Hills PO Beverlywood Brentwood Cheviot Hills - Rancho Park Culver City Downtown LA Hancock Park - Wilshire Hollywood Hollywood Hills East Ladera Heights Leimert Park Los Feliz Mid - Los Angeles Silver Lake - Echo Park Studio City Sunset Strip - HH West View Park West Hollywood West LA Westwood - Century City

0

$375K

$750K

$1.2M

$1.5M

“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.


Market Performance By Neighborhood Los Angeles Area Baldwin Hills SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

Q2 2022

Q2 2021

% CHANGE

$1,475,000 $818 1 0

$1,425,000 $641 2 43

3.51% 27.63% -50.00% -100.00%

Q2 2022

Q2 2021

% CHANGE

NA NA NA NA

NA NA NA NA

NA NA NA NA

Q2 2022

Q2 2021

% CHANGE

$3,277,500 $1,800 41 5

$6,559,250 $1,595 45 56

-8.11% 12.82% -8.89% -30.36%

Q2 2022

Q2 2021

% CHANGE

$6,027,500 $874 36 50

$1,290,000 $765 66 77

-8.11% 14.12% -45.45% -35.06%

Q2 2022

Q2 2021

% CHANGE

$3,597,509 $1,169 50 60

$3,277,500 $1,087 64 55

9.76% 7.50% -21.88% 9.09%

Q2 2022

Q2 2021

% CHANGE

NA NA NA NA

NA NA NA NA

NA NA NA NA

Beverly Hills SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

Beverly Hills PO SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market


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

Q2 2022

Q2 2021

% CHANGE

$1,763,000 $1,081 33 39

$1,870,000 $984 35 56

-5.72% 9.87% -5.71% -30.36%

Q2 2022

Q2 2021

% CHANGE

$1,062,500 $737 20 14

$930,000 $671 27 32

14.25% 9.87% -25.93% -56.25%

Q2 2022

Q2 2021

% CHANGE

$2,475,000 $1,060 28 51

$2,265,000 $916 45 75

9.27% 15.70% -37.78% -32.00%

Q2 2022

Q2 2021

% CHANGE

$1,025,000 $1,026 28 28

$770,000 $935 45 49

33.12% 9.77% -37.78% -42.86%

Q2 2022

Q2 2021

% CHANGE

$3,400,000 $1,230 51 46

$3,700,000 $1,187 61 59

-8.11% 3.68% -16.39% -22.03%

Q2 2022

Q2 2021

% CHANGE

$1,135,000 $776 75 24

$939,000 $727 98 32

20.87% 6.63% -23.47% -25.00%

Beverly Center | Miracle Mile SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

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

“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.


Market Performance By Neighborhood Los Angeles Area Cheviot Hills | Rancho Park SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO

Q2 2022

Q2 2021

% CHANGE

$3,430,000 $1,132 17 24

$2,256,500 $1,013 18 38

52.01% 11.69% -5.56% -36.84%

Q2 2022

Q2 2021

% CHANGE

NA NA NA NA

NA NA NA NA

NA NA NA NA

Q2 2022

Q2 2021

% CHANGE

$1,850,000 $1,128 63 14

$1,560,000 $1,034 85 24

18.59% 9.08% -25.88% -41.67%

Q2 2022

Q2 2021

% CHANGE

$740,000 $689 61 19

$605,555 $641 77 21

22.20% 7.63% -20.78% -9.52%

Q2 2022

Q2 2021

% CHANGE

$558,750 $533 24 43

$515,000 $465 48 25

8.50% 14.63% -50.00% 72.00%

Q2 2022

Q2 2021

% CHANGE

$600,000 $685 154 49

$569,000 $628 145 63

5.45% 9.07% 6.21% -22.22%

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

Culver City SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

Downtown Los Angeles SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market


Hancock Park | Wilshire SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

Q2 2022

Q2 2021

% CHANGE

$2,330,000 $1,013 56 21

$1,928,500 $836 78 36

20.82% 21.27% -28.21% -41.67%

Q2 2022

Q2 2021

% CHANGE

$782,500 $663 58 50

$730,000 $593 81 48

7.19% 11.71% -28.40% 4.17%

Q2 2022

Q2 2021

% CHANGE

$1,550,000 $933 31 30

$1,325,000 $749 54 43

16.98% 24.55% -42.59% -30.23%

Q2 2022

Q2 2021

% CHANGE

$805,000 $686 32 42

$726,500 $629 46 48

10.81% 9.08% -30.43% -12.50%

Q2 2022

Q2 2021

% CHANGE

$820,000 $954 29 36

$650,000 $785 52 58

26.15% 21.55% -44.23% -37.93%

Q2 2022

Q2 2021

% CHANGE

$820,000 $640 15 18

$650,000 $611 17 22

26.15% 4.73% -11.76% -18.18%

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

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

Hollywood Hills East SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

“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.


Market Performance By Neighborhood Los Angeles Area Ladera Heights SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

Q2 2022

Q2 2021

% CHANGE

$1,800,000 $728 15 12

$1,646,500 $594 20 20

9.32% 22.44% -25.00% -40.00%

Q2 2022

Q2 2021

% CHANGE

$658,000 $490 6 50

$550,500 $430 4 122

19.53% 14.01% 50.00% -59.02%

Q2 2022

Q2 2021

% CHANGE

NA NA NA NA

NA NA NA NA

NA NA NA NA

Q2 2022

Q2 2021

% CHANGE

NA NA NA NA

NA NA NA NA

NA NA NA NA

Q2 2022

Q2 2021

% CHANGE

$3,310,000 $1,169 46 21

$2,184,500 $918 76 30

51.52% 27.41% -39.47% -30.00%

Q2 2022

Q2 2021

% CHANGE

$933,000 $892 19 18

$800,001 $715 21 41

16.62% 24.79% -9.52% -56.10%

Leimert Park SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

Los Feliz SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market


Mid Los Angeles SFR

Q2 2022

Q2 2021

% CHANGE

$1,155,000 $767 84 19

$1,025,000 $679 121 27

12.68% 12.84% -30.58% -29.63%

CONDO

Q2 2022

Q2 2021

% CHANGE

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

$737,500 $554 4 14

$675,000 $528 5 30

9.26% 4.77% -20.00% -53.33%

Q2 2022

Q2 2021

% CHANGE

$1,687,500 $1,046 100 20

$1,302,500 $864 146 26

29.56% 21.14% -31.51% -23.08%

Q2 2022

Q2 2021

% CHANGE

$906,000 $750 27 18

$732,500 $664 34 31

23.69% 12.90% -20.59% -41.94%

Q2 2022

Q2 2021

% CHANGE

$2,300,000 $924 91 15

$2,120,000 $807 135 28

8.49% 14.51% -32.59% -46.43%

CONDO

Q2 2022

Q2 2021

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

$815,000 $633 38 15

$760,000 $540 71 24

% CHANGE ‘ 7.24% 17.04% -46.48% -37.50%

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

Silver Lake | Echo Park SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

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

“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.


Market Performance By Neighborhood Los Angeles Area Sunset Strip | HH West SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

Q2 2022

Q2 2021

% CHANGE

$2,650,000 $1,103 119 42

$2,233,500 $974 140 46

18.65% 13.22% -15.00% -8.70%

Q2 2022

Q2 2021

% CHANGE

$738,500 $886 42 23

$735,000 $792 40 43

0.48% 11.93% 5.00% -46.51%

Q2 2022

Q2 2021

% CHANGE

$1,565,000 $694 4 21

$1,065,000 $677 2 9

46.95% 2.46% 100.00% 133.33%

Q2 2022

Q2 2021

% CHANGE

NA NA NA NA

$665,000 $426 1 4

NA NA NA NA

Q2 2022

Q2 2021

% CHANGE

NA NA NA NA

$2,600,000 $1,029 67 27

NA NA NA NA

Q2 2022

Q2 2021

% CHANGE

NA NA NA NA

$665,000 $426 1 4

NA NA NA NA

View Park SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

Westwood | Century City SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market


West Hollywood SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

Q2 2022

Q2 2021

% CHANGE

$2,744,250 $1,164 38 38

$2,210,000 $1,048 49 38

24.17% 11.05% -22.45% 0.00%

Q2 2022

Q2 2021

% CHANGE

$1,210,000 $895 174 33

$1,008,000 $754 196 41

20.04% 18.70% -11.22% -19.51%

Q2 2022

Q2 2021

% CHANGE

$1,718,000 $1,073 33 22

$1,718,000 $951 42 20

11.92% 12.83% -21.43% 10.00%

Q2 2022

Q2 2021

% CHANGE

$975,000 $755 39 18

$843,500 $697 50 35

15.59% 8.40% -22.00% -48.57%

West Los Angeles SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

“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.


Explore Your Neighborhood Westside Area The median price and average price per square foot in the Westside market reached all-time highs for both single-family homes and condos in the second quarter of 2022. Single-family home and condo price per square foot rose in every neighborhood in Westside L.A. compared to Q2 2021. Mortgage rates jumped over 1.5% in Q2 2022, and because they are expected to rise throughout the rest of the year, buyers have rushed to lock in lower mortgage rates. The number of single-family homes and condos sold declined 29% year-over-year, which isn’t surprising given the 35% decline in inventory compared to Q2 2021. As active listings continue to decline, sales naturally decline with them. Westside L.A. inventory is rising from the all-time low it reached last quarter, but buyers are still facing significant competition. Like the rest of Los Angeles, homes are selling at the fastest pace in history. .


Single Family Homes Q2 2022 NEIGHBORHOOD

# OF SALES

MED. SALE PRICE

AVG. $ / SQ. FT.

Malibu Beach

14

$10,650,000

$4,125

Malibu

49

$4,000,000

$1,386

Marina Del Rey

33

$1,850,000

$1,059

Pacific Palisades

63

$5,600,000

$1,764

Palms – Mar Vista

78

$1,980,000

$1,174

8

$3,122,500

$941

Playa Vista Santa Monica

53

$3,858,000

$1,637

Venice

71

$2,500,000

$1,499

$369

$4,195,063

$1,698

# OF SALES

MED. SALE PRICE

AVG. $ / SQ. FT.

Malibu Beach

8

$2,587,500

$2,344

Malibu

9

$1,400,000

$1,007

TOTAL/AVERAGE

Condominium Homes Q2 2022 NEIGHBORHOOD

Marina Del Rey

82

$1,273,000

$830

Pacific Palisades

25

$1,925,000

$992

Palms – Mar Vista

22

$785,000

$748

Playa Vista

36

$1,412,500

$874

142

$1,375,000

$1,102

22

$1,618,000

$1,049

346

$1,547,000

$1,118

Santa Monica 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.


Explore Your Neighborhood Westside Area

Properties Sold Q2 2022

Single Family Homes

Malibu Beach 14 Malibu 49

Venice 71

Marina Del Rey Santa Monica 53 Playa Vista

33 Pacific Palisades 63

8

Palms | Mar Vista 78


Properties Sold Q2 2022

Venice 22

Condominium Homes

Malibu Beach 8 Malibu 9

Marina Del Rey 82

Santa Monica 142

Pacific Palisades 25 Palms | Mar Vista Playa Vista

22

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.


Market Performance By Neighborhood Westside Area Malibu Beach SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

Q2 2022

Q2 2021

% CHANGE

$2,587,500 $2,344 8 24

$1,160,000 $1,370 3 75

123.06% 71.08% 166.67% -68.00%

Q2 2022

Q2 2021

% CHANGE

$2,587,500 $2,344 8 24

$1,160,000 $1,370 3 75

123.06% 71.08% 166.67% -68.00%

Q2 2022

Q2 2021

% CHANGE

$4,000,000 $1,386 49 66

$3,950,000 $1,274 63 79

1.27% 8.76% -22.22% -16.46%

Q2 2022

Q2 2021

% CHANGE

$1,400,000 $1,007 9 12

$1,091,000 $863 15 52

28.32% 16.67% -40.00% -76.92%

Q2 2022

Q2 2021

% CHANGE

$1,850,000 $1,059 33 19

$1,925,000 $1,013 42 29

-3.90% 4.49% -21.43% -55.91%

Q2 2022

Q2 2021

% CHANGE

$1,273,000 $830 82 24

$1,159,500 $762 120 35

9.79% 8.88% -31.67% -31.43%

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

Marina Del Rey SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market


Pacific Palisades SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

Q2 2022

Q2 2021

% CHANGE

$5,600,000 $1,764 63 32

$3,961,750 $1,275 108 39

41.35% 38.30% -41.67% -17.95%

Q2 2022

Q2 2021

% CHANGE

$1,925,000 $992 25 40

$1,265,000 $829 35 38

52.17% 19.66% -28.57% 5.26%

Q2 2022

Q2 2021

% CHANGE

$1,850,000 $1,108 55 25

$1,847,350 $959 81 42

0.14% 15.46% -32.10% -40.48%

Q2 2022

Q2 2021

% CHANGE

$785,000 $748 22 19

$875,000 $705 33 20

-10.29% 6.07% -33.33% -5.00%

Q2 2022

Q2 2021

% CHANGE

$3,122,500 $941 8 26

$2,490,000 $825 17 28

25.40% 14.09% -52.94% -7.14%

Q2 2022

Q2 2021

% CHANGE

$1,412,500 $874 36 19

$1,075,000 $750 61 39

31.40% 16.53% -40.98% -51.28%

Palms | Mar Vista SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

Playa Vista SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

“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.


Market Performance By Neighborhood Westside Area Santa Monica SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

Q2 2022

Q2 2021

% CHANGE

$3,858,000 $1,637 53 20

$3,322,500 $1,421 96 39

16.12% 15.22% -44.79% -48.72%

Q2 2022

Q2 2021

% CHANGE

$1,375,000 $1,102 142 26

$1,122,500 $972 180 43

22.49% 13.32% -21.11% -39.53%

Q2 2022

Q2 2021

% CHANGE

$2,525,000 $1,314 68 58

$1,869,000 $1,211 64 59

35.10% 8.56% 6.25% -1.69%

Q2 2022

Q2 2021

% CHANGE

$2,500,000 $1,499 71 30

$2,100,000 $1,274 78 46

19.05% 17.60% -8.97% -34.78%

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


Explore Your Neighborhood San Gabriel Valley In the second quarter of 2022, single-family homes and condos reached record highs in median price and price per square foot, and single-family homes sold at the quickest pace ever. Every city in the San Gabriel Valley saw year-over-year increases in median price and average price per square foot. The San Gabriel Valley seems to be immune to the economic factors affecting demand in other parts of the county. The area’s desirability is simply too high. The number of sales has declined with inventory over the past year for both single-family homes and condos. Like the rest of Southern California, the San Gabriel Valley is in a massive state of undersupply. Although the number of sales declined with inventory over the past year, inventory rose slightly from the record low first quarter, spurring a jump in quarter-over-quarter sales: 16% for single-family homes and 28% for condos.

“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.


Explore Your Neighborhood San Gabriel Valley Area

Single Family Homes Q2 2022 NEIGHBORHOOD

# OF SALES

MED. SALE PRICE

AVG. $ / SQ. FT.

52

$1,086,500

$736

Arcadia

120

$1,669,000

$740

Altadena

110

$1,329,224

$810

Bradbury

1

$2,500,000

$553

Claremont

86

$996,000

$523

Duarte

42

$805,000

$596

Eagle Rock

56

$1,487,500

$973

Glendora

122

$916,500

$573

77

$1,127,000

$982

Alhambra

Highland Park La Crescenta / Glendale

96

$1,327,500

$832

La Cañada Flintridge

80

$2,450,000

$998

La Verne

62

$1,000,000

$540

Monrovia

64

$1,047,500

$723

Mount Washington

39

$1,350,000

$1,038

Pasadena NE

111

$1,320,000

$846

Pasadena NW

48

$1,228,500

$862

Pasadena SE

54

$1,794,000

$898

Pasadena SW

35

$2,010,000

$964

Rosemead / S. San Gabriel

46

$858,000

$618

San Dimas

50

$925,000

$549

San Gabriel

58

$1,319,000

$762

San Marino

52

$2,830,000

$990

Sierra Madre

35

$1,750,000

$764

South Pasadena

22

$2,350,010

$1,034

Sunland - Tujunga

93

$887,000

$678

TOTAL/AVERAGE

$1,611

$1,454,529

$783


Condominium Homes Q2 2022 NEIGHBORHOOD

# OF SALES

MED. SALE PRICE

AVG. $ / SQ. FT.

Alhambra

38

$734,000

$570

Arcadia

52

$872,500

$550

Altadena

2

$690,500

$675

Bradbury

NA

NA

NA

Claremont

19

$585,000

$449

Duarte

12

$585,000

$469

2

$828,750

$579

17

$715,000

$440

3

$780,000

$653

Eagle Rock Glendora Highland Park La Crescenta / Glendale

18

$827,500

$611

La Cañada Flintridge

5

$1,450,000

$746

La Verne

7

$530,000

$518

Monrovia

12

$647,500

$543

NA

NA

NA

Pasadena NE

35

$745,000

$649

Pasadena NW

10

$950,000

$692

Pasadena SE

80

$757,500

$684

Pasadena SW

67

$1,068,000

$791

Rosemead / S. San Gabriel

10

$681,000

$488

San Dimas

14

$643,500

$491

San Gabriel

20

$790,500

$542

San Marino

NA

NA

NA

5

$935,000

$579

South Pasadena

19

$1,180,000

$762

Sunland - Tujunga

14

$625,000

$520

TOTAL/AVERAGE

461

$766,141

$565

Mount Washington

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.


Sunland / Tujunga

South Pasadena

Sierra Madre

San Marino

San Gabriel

San Dimas

Rosemead / S. San Gabriel

Pasadena SW

Q2 2022

Pasadena SE

Pasadena NW

Pasadena NE

Mount Washington

Monrovia

La Verne

La Crescenta / Glendale

La Cañada Flintridge

Highland Park

Glendora

Eagle Rock

Duarte

Claremont

Bradbury

Altadena

Arcadia

Alhambra

Explore Your Neighborhood

San Gabriel Valley Area

Median Price Single Family Homes

$3M

$2.25M

$1.5M

750K

0


Sunland / Tujunga

South Pasadena

Sierra Madre

San Marino

San Gabriel

San Dimas

Rosemead / S. San Gabriel

Pasadena SW

Pasadena SE

Pasadena NW

Pasadena NE

Mount Washington

Monrovia

La Verne

La Crescenta / Glendale

La Cañada Flintridge

Highland Park

Glendora

Eagle Rock

Q2 2022

Duarte

Claremont

Bradbury

Altadena

Arcadia

Alhambra

Median Price

Condominium Homes

$1.5M

$1.25M

$750k

$375K

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.


Market Performance By Neighborhood San Gabriel Valley Area Alhambra SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

Q2 2022

Q2 2021

% CHANGE

$1,086,500 $736 52 22

$887,313 $613 47 21

22.45% 20.08% 10.64% 4.76%

Q2 2022

Q2 2021

% CHANGE

$680,000 $535 58 27

$590,000 $459 35 39

15.25% 16.54% 65.71% -30.77%

Q2 2022

Q2 2021

% CHANGE

$1,669,000 $740 120 26

$1,531,000 $645 138 34

9.01% 14.83% -13.04% -23.53%

Q2 2022

Q2 2021

% CHANGE

$872,500 $520 43 29

$798,500 $464 57 35

9.27% 11.93% 32.56% -17.14%

Q2 2022

Q2 2021

% CHANGE

$1,329,224 $796 83 19

$1,259,000 $674 85 31

5.58% 18.02% -2.35% -38.71%

Q2 2022

Q2 2021

% CHANGE

$690,500 $675 2 4

$567,500 $549 2 40

21.67% 23.03% 0.00% -90.00%

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

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


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

Q2 2022

Q2 2021

% CHANGE

$2,500,000 $553 1 210

$2,197,000 $535 4 51

13.79% 3.43% -75.00% 311.76%

Q2 2022

Q2 2021

% CHANGE

NA NA NA NA

NA NA NA NA

NA NA NA NA

Q2 2022

Q2 2021

% CHANGE

$996,000 $523 86 11

$885,000 $452 101 16

12.54% 15.68% -14.85% -31.25%

Q2 2022

Q2 2021

% CHANGE

$585,000 $449 9 9

$575,000 $370 18 34

1.74% 21.41% -50.00% -73.53%

Q2 2022

Q2 2021

% CHANGE

$720,000 $583 31 18

$692,750 $510 30 21

3.93% 14.38% 3.33% -14.29%

Q2 2022

Q2 2021

% CHANGE

$497,500 $450 6 32

$439,000 $372 9 13

13.33% 21.16% -33.33% 146.15%

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

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

“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.


Market Performance By Neighborhood San Gabriel Valley Area Eagle Rock SFR

Q2 2022

Q2 2021

% CHANGE

$1,487,500 $973 56 18

$1,044,500 $700 94 19

42.41% 38.84% -40.43% -5.26%

Q2 2022

Q2 2021

% CHANGE

$828,750 $579 2 13

$490,500 $413 2 22

68.96% 40.41% 0.00% -40.91%

SFR

Q2 2022

Q2 2021

% CHANGE

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

$916,500 $571 94 20

$860,000 $470 84 33

6.57% 21.46% 11.90% -39.39%

CONDO

Q2 2022

Q2 2021

% CHANGE

$640,000 $463 11 5

$530,000 $356 19 22

20.75% 29.91% -42.11% -77.27%

Q2 2022

Q2 2021

% CHANGE

$1,127,000 $982 77 17

$1,105,000 $834 87 22

1.99% 17.69% -11.49% -22.73%

Q2 2022

Q2 2021

% CHANGE

$780,000 $653 3 18

$550,000 $642 9 21

41.82% 1.72% -66.67% -14.29%

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

Glendora

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

Highland Park SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market


La Crescenta | Glendale | Montrose SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

Q2 2022

Q2 2021

% CHANGE

$1,327,500 $805 56 19

$1,220,000 $678 74 27

8.81% 18.79% -24.32% -29.63%

Q2 2022

Q2 2021

% CHANGE

$827,500 $611 18 20

$730,000 $497 24 37

13.36% 22.84% -25.00% -45.95%

Q2 2022

Q2 2021

% CHANGE

$2,450,000 $914 42 42

$2,227,500 $739 79 61

9.99% 23.66% -10.13% -31.15%

Q2 2022

Q2 2021

% CHANGE

$1,450,000 $746 5 21

$1,305,000 $600 3 6

11.11% 24.48% 66.67% 250.00%

Q2 2022

Q2 2021

% CHANGE

$1,000,000 $499 62 37

$860,000 $421 70 28

16.28% 18.35% 6.92% 32.14%

Q2 2022

Q2 2021

% CHANGE

$413,000 $495 5 10

$530,000 $404 10 13

28.33% 22.41% -50.00% -23.08%

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

La Cañada Flintridge SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

La Verne SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

“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.


Market Performance By Neighborhood San Gabriel Valley Area Monrovia SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

Q2 2022

Q2 2021

% CHANGE

$1,047,500 $723 64 15

$895,000 $601 79 16

17.04% 20.34% -18.99% -6.25%

Q2 2022

Q2 2021

% CHANGE

$647,500 $543 12 15

$640,000 $451 18 11

1.17% 20.41% -33.33% 36.36%

Q2 2022

Q2 2021

% CHANGE

$1,350,000 $894 34 20

$1,205,000 $719 27 39

12.03% 24.27% 25.93% -48.72%

Q2 2022

Q2 2021

% CHANGE

NA NA NA NA

$425,000 $630 7 18

NA NA NA

Q2 2022

Q2 2021

% CHANGE

$1,320,000 $846 93 24

$1,178,500 $714 112 26

12.01% 18.49% -19.96% -7.69%

Q2 2022

Q2 2021

% CHANGE

$745,000 $649 35 21

$655,000 $564 21 22

13.74% 15.00% 66.67% -4.55%

Mount Washington SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

Pasadena NE SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market


Pasadena NW SFR

Q2 2022

Q2 2021

% CHANGE

$1,228,500 $862 48 19

$1,133,230 $730 62 40

8.41% 17.94% -22.58% -52.50%

CONDO

Q2 2022

Q2 2021

% CHANGE

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

$757,500 $556 9 45

$950,000 $546 12 45

39.37% 1.79% -25.00% 0.00%

Q2 2022

Q2 2021

% CHANGE

$1,381,500 $856 34 24

$1,510,000 $735 40 48

-8.51% 16.48% -15.00% -50.00%

Q2 2022

Q2 2021

% CHANGE

$747,000 $634 70 29

$640,500 $569 74 41

116.63% 11.40% -5.41% -29.27%

Q2 2022

Q2 2021

% CHANGE

$2,010,000 $964 37 35

$1,900,000 $888 41 46

5.79% 8.63% -9.76% -23.91%

Q2 2022

Q2 2021

% CHANGE

$955,000 $627 35 23

$717,800 $571 38 38

33.05% 9.85% -7.89% -39.47%

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

Pasadena SE SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

Pasadena SW SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

“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.


Market Performance By Neighborhood San Gabriel Valley Area Rosemead/S. San Gabriel SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

Q2 2022

Q2 2021

% CHANGE

$858,000 $618 46 14

$752,000 $541 37 11

14.10% 14.15% 24.32% 27.27%

Q2 2022

Q2 2021

% CHANGE

$655,000 $462 2 49

$593,000 $348 4 18

10.46% 32.52% -50.00% 172.22%

Q2 2022

Q2 2021

% CHANGE

$925,000 $549 50 24

$830,000 $453 92 11

11.45% 21.33% -45.65% 118.18%

Q2 2022

Q2 2021

% CHANGE

$566,000 $453 22 11

$470,000 $351 23 16

20.43% 29.22% -4.35% -31.25%

Q2 2022

Q2 2021

% CHANGE

$1,319,000 $762 58 20

$1,030,000 $626 67 22

28.06% 21.85% -13.43% -9.09%

Q2 2022

Q2 2021

% CHANGE

$828,000 $532 26 15

$779,000 $445 19 20

19.61% 17.17% 36.84% -25.00%

San Dimas SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

San Gabriel SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market


San Marino SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

Q2 2022

Q2 2021

% CHANGE

$2,830,000 $990 52 31

$2,511,500 $904 54 46

12.68% 9.56% -3.70% -32.61%

Q2 2022

Q2 2021

% CHANGE

NA NA NA NA

NA NA NA NA

NA NA NA NA

Q2 2022

Q2 2021

% CHANGE

$1,475,000 $879 17 19

$1,155,000 $654 28 73

27.71% 34.33% -39.29% -73.97%

Q2 2022

Q2 2021

% CHANGE

$935,000 $579 5 18

NA NA NA NA

NA NA NA NA

Q2 2022

Q2 2021

% CHANGE

$2,350,010 $1,034 22 18

$1,715,000 $906 41 25

37.03% 14.09% -46.34% -28.00%

Q2 2022

Q2 2021

% CHANGE

$895,000 $730 10 10

$825,000 $662 17 31

8.48% 10.24% -41.18% -67.74%

Sierra Madre SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

South Pasadena SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

“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.


Market Performance By Neighborhood San Gabriel Valley Area Sunland-Tujunga SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

Q2 2022

Q2 2021

% CHANGE

$887,000 $678 93 14

$832,500 $613 110 28

6.55% 10.45% -15.45% -50.00%

Q2 2022

Q2 2021

% CHANGE

$625,000 $520 14 17

$570,000 $445 9 14

18.95% 22.63% 22.22% 85.71%


Explore Your Neighborhood Coachella Valley Coachella Valley homes had another exceptional quarter, hitting new all-time highs in price per square foot for the eighth quarter in a row for both single-family homes and condos. In the second quarter of 2022, single-family homes and condos reached record highs in median price and price per square foot. In every neighborhood, single-family homes and condos saw year-over-year increases in median price and average price per square foot. Love of the area is unending and demand is insatiable, which has driven inventory down 47% over the past three years. Extremely low inventory caused sales to decline year-over-year. Similar to the L.A. and San Gabriel Valley markets, prices have increased in the face of rising mortgage rates. Although inventory and sales nudged higher quarter-over-quarter, supply will be the driving factor for prices going forward.

“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.


Explore Your Neighborhood Coachella Valley Area

Properties Sold

Q2 2022 – Q2 2021 2021

Single Family Homes

2022 Cathedral City North Cathedral City South Indian Wells La Quinta N. of HWY 111 La Quinta S. of HWY 111 Palm Desert East Palm Desert North Palm Desert South Palm Springs Central Palm Springs North End Palm Springs South End Rancho Mirage

500

375

250

125

0

0

113

225

338

450


Properties Sold Q2 2022 – Q2 2021

Condominium Homes 2021

2022 Cathedral City North Cathedral City South Indian Wells La Quinta No. of HWY 111 La Quinta S. of H Palm Desert East Palm Desert North Palm Desert South Palm Springs Central Palm Springs North End Palm Springs South End Rancho Mirage

300

225

150

75

0

0

40

80

120

160

“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.


Market Performance By Neighborhood Coachella Valley Area Cathedral City North SFR

Q2 2022

Q2 2021

% CHANGE

$550,000 $326 113 31

$442,500 $265 137 40

24.29% 23.32% -17.52% -22.50%

CONDO

Q2 2022

Q2 2021

% CHANGE

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

$315,000 $354 34 31

$201,000 $194 32 46

56.72% 82.42% 6.25% -32.61%

Q2 2022

Q2 2021

% CHANGE

$563,500 $374 48 30

$465,000 $278 42 45

21.18% 34.81% 14.29% -33.33%

CONDO

Q2 2022

Q2 2021

% CHANGE

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

$351,000 $247 24 42

$249,000 $181 27 60

40.96% 37.01% -11.11% -30.00%

Q2 2022

Q2 2021

% CHANGE

$1,875,000 $600 81 37

$1,325,000 $424 111 74

41.51% 41.31% -27.03% -50.00%

Q2 2022

Q2 2021

% CHANGE

$686,800 $368 31 29

$545,000 $279 42 51

26.02% 31.92% -26.19% -43.14%

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

Cathedral City South SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

Indian Wells SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market


La Quinta North of HWY 111 - Indian Springs SFR

Q2 2022

Q2 2021

% CHANGE

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

$657,350 $329 43 36

$560,000 $264 67 49

17.38% 24.70% -35.82% -26.53%

CONDO

Q2 2022

Q2 2021

% CHANGE

$402,500 $407 14 26

$272,500 $256 16 37

47.71% 59.26% -12.50% -29.73%

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

La Quinta South of HWY 111 - Indian Springs SFR

Q2 2022

Q2 2021

% CHANGE

$950,000 $484 272 42

$855,000 $370 440 69

11.11% 31.03% -27.62% -38.18%

CONDO

Q2 2022

Q2 2021

% CHANGE

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

$774,975 $384 66 26

$517,250 $302 132 34

49.83% 27.22% -50.00% -23.53%

SFR

Q2 2022

Q2 2021

% CHANGE

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

$615,000 $388 74 29

$590,000 $300 98 40

4.24% 29.45% -24.49% -27.50%

CONDO

Q2 2022

Q2 2021

% CHANGE

$530,000 $366 145 24

$374,516 $257 225 36

41.52% 42.46% -35.56% -33.33%

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

Palm Desert East

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

“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.


Market Performance By Neighborhood Coachella Valley Area Palm Desert North SFR

Q2 2022

Q2 2021

% CHANGE

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

$712,500 $364 64 27

$586,000 $281 74 32

21.59% 29.35% -13.51% -15.63%

CONDO

Q2 2022

Q2 2021

% CHANGE

$579,000 $346 71 20

$389,000 $254 111 35

48.84% 35.94% -36.04% -42.86%

Q2 2022

Q2 2021

% CHANGE

$1,285,000 $587 69 28

$931,500 $421 110 68

37.95% 39.66% -37.27% -58.82%

Q2 2022

Q2 2021

% CHANGE

$520,000 $400 83 25

$410,000 $296 94 55

26.83% 35.05% -11.70% -54.55%

Q2 2022

Q2 2021

% CHANGE

$1,450,000 $818 63 28

$1,052,500 $586 101 25

37.77% 39.51% -37.62% 12.00%

Q2 2022

Q2 2021

% CHANGE

$410,000 $341 84 27

$298,000 $269 102 58

37.58% 26.69% -17.65% -53.45%

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

Palm Desert South SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

Palm Springs Central SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market


Palm Springs North End SFR

Q2 2022

Q2 2021

% CHANGE

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

$825,295 $560 105 24

$775,000 $445 115 31

6.49% 25.97% -8.70% -22.58%

CONDO

Q2 2022

Q2 2021

% CHANGE

$335,000 $388 58 15

$207,500 $277 74 35

61.45% 39.95% -21.62% -57.14%

Q2 2022

Q2 2021

% CHANGE

$1,550,000 $733 78 32

$1,198,500 $537 94 39

29.33% 36.46% -17.02% -17.95%

Q2 2022

Q2 2021

% CHANGE

$450,000 $381 176 ‘ 21

$345,000 $281 191 31

30.43% 35.53% -7.85% -32.26%

Q2 2022

Q2 2021

% CHANGE

$1,200,000 $479 173 32

$900,000 $359 222 53

33.33% 33.35% -22.07% -39.62%

CONDO

Q2 2022

Q2 2021

% CHANGE

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

$597,250 $332 100 22

$405,000 $239 136 38

47.47% 38.71% -26.47% -42.11%

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

Palm Springs South End SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

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

“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.


About Us dppre.com DPP, also known to many as Deasy Penner Podley — dedicates its residential real estate practice to the principle that every home is art.™ With a presence from Malibu to Palm Springs — as well as an international network of like-minded brokerages — DPP brings decades of experience and unmatched expertise to sourcing your most important asset. With 300 exceptional partner-agents, our specialized, collaborative team approach and unique brand transcend the traditional brokerage — allowing us to be a truly integrated, regional firm with a distinct voice. To that end, DPP was recently awarded “Most Innovative Brokerage” by Leading Real Estate Companies of the World. DPP continues to exceed buyer and seller expectations with unparalleled expertise.


Leveraging a 2021 strategic partnership with Side — the Silicon Valley real estate technology firm — we now provide our clients with superior tech and tools that outpace the biggest brokerages, while remaining community-driven, locally-owned and solidly boutique. Our corporate headquarters are in your backyard, not across the county. Decisions are made locally, allowing us to be more nimble, innovative and proactive than the big-box brokerages. We’re involved in the day-to-day business, making us intimately aware of every facet of the firm, our agent partners, and our clients. We care deeply about our Southern California community. Our agents are family; our clients are neighbors. If you ever wish to speak with us, we are always available.

Mike Deasy & George Penner


What’s New On dppre.com

HGTV | 2022 Finalist Amazing Kitchens DPP is excited to announce that our listing has been selected as a finalist in

dpp real estate listings are consistently featured in local, regional and national publications. Our in-house design-centric public relations team’s primary role is to generate editorial coverage for properties we represent. This exposure not only increases awareness, but provides a third-party endorsement and a call to action for qualified prospects.

We share our passion for design on our blog:

dppre.com

HGTV’s Ultimate House Hunt in the “Amazing Kitchens” category. Voting is open from now until August 2. A listing represented by Joshua Gaunya, 832 North Ogden Drive...


Oak Knoll Architectural

The John Sowden House

Located in Pasadena’s

A dazzling neo-Mayan gem

prestigious Oak Knoll area,

built by architect Lloyd

this thoughtfully designed

Wright — has traded hands

contemporary home is the

for $6.16 million in Los Feliz.

perfect venue for large scale

One of Southern California’s

entertaining. Step into the

finest examples of neo-

light infused living room

Mayan architecture, the

with 22’ vaulted ceilings that

singular, striking residence

extends seamlessly into the

resembles a temple but has

private backyard. The space

also drawn comparisons to a

flows into the grand...

cave or the gaping...


Photography © Shawn Bishop

Santa Monica Palm Springs La Cañada Flintridge Pasadena

Altadena Sierra Madre Monrovia Glendora

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