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Q2 2017 MARKET REPORT deasypenner.com


YOUR GUIDE TO MARKET PERFORMANCE & ANALYSIS


la county :: market snapshot SINGLE FAMILY HOMES

CONDOMINIUM HOMES

Data*

Q2 2017

Q2 2016

% Change

Median Price

$620,000

$585,000

$466

Properties Sold Days on Market

Avg. Price / Sq. Ft.

Data*

Q2 2017

Q2 2016

% Change

5.98%

Median Price

$475,000

$439,900

7.98%

$428

8.97%

Avg. Price / Sq. Ft.

$441

$411

7.35%

13,934

13,749

1.35%

Properties Sold

5,092

4,980

2.25%

42

55

-23.64%

Days on Market

41

54

-24.07%

MEDIAN PRICE

MEDIAN PRICE

$620,000

$475,000

vs Q2 2016

+6%

$585,000

DAYS ON THE MARKET

+8%

$439,900

PROPERTIES SOLD

42

55

Q2 2017

Q2 2016

DAYS

vs Q2 2016

5,092

4,980

Q2 2017

Q2 2016

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 :: Q2 2017

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EXPLORE YOUR NEIGHBORHOOD


los angeles area NEIGHBORHOOD FOCUS Q2 2017 NEIGHBORHOOD

SINGLE FAMILY HOMES

# OF SALES

MED. SALE PRICE

AVG. $ / SQ. FT.

Baldwin Hills

2

$1,025,000

$466

Beverly Hills

47

$5,620,000

$1,418

Beverly Hills PO

47

$3,440,000

$986

Beverlywood

60

$1,505,000

$764

Beverly Center - Miracle

63

$1,650,000

$787

Brentwood

74

$3,027,500

$1,046

Cheviot Hills - Rancho Park

36

$2,305,000

$835

Culver City

58

$1,122,500

$803

Downtown LA

30

$374,500

$358

Hancock Park - Wilshire

79

$1,500,000

$697

Hollywood

15

$922,000

$709

Hollywood Hills East

43

$1,335,000

$713

Ladera Heights

15

$1,050,000

$414

1

$400,000

$399

70

$1,647,500

$807

Mid - Los Angeles

114

$685,000

$466

Silver Lake - Echo Park

110

$935,000

$723

96

$1,466,000

$655

121

$1,920,000

$833

3

$915,000

$352

Westwood - Century City

54

$2,125,000

$862

West Hollywood

37

$1,582,200

$1,020

West LA

33

$1,168,000

$879

1,208

$1,714,555

$772

Leimert Park Los Feliz

Studio City 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 :: Q2 2017

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The Market Report :: Q2 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

Q2 2017 — Q2 2016 SINGLE FAMILY HOMES

$6M

2016 2017

$4.5M

$3M

$1.5K

0

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

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los angeles area NEIGHBORHOOD FOCUS Q2 2017 NEIGHBORHOOD

CONDOMINIUM HOMES

# OF SALES

MED. SALE PRICE

AVG. $ / SQ. FT.

Baldwin Hills

1

$365,000

$405

Beverly Hills

35

$1,275,000

$806

Beverly Hills PO

NA

NA

NA

Beverlywood

11

$735,000

$553

Beverly Center - Miracle

26

$736,500

$599

Brentwood

57

$949,000

$658

1

$825,000

$575

46

$515,000

$526

135

$575,000

$660

Hancock Park - Wilshire

68

$627,500

$517

Hollywood

36

$632,500

$555

Hollywood Hills East

12

$570,000

$605

2

$433,500

$341

Leimert Park

NA

NA

NA

Los Feliz

10

$586,000

$609

6

$829,450

$335

Silver Lake - Echo Park

26

$635,000

$512

Studio City

58

$632,250

$448

Sunset Strip - HH West

41

$568,000

$614

View Park

NA

NA

NA

Westwood - Century City

161

$875,000

$657

West Hollywood

108

$712,500

$652

46

$790,500

$592

886

$693,385

$561

Cheviot Hills - Rancho Park Culver City Downtown LA

Ladera Heights

Mid - Los Angeles

West LA 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 :: Q2 2017

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The Market Report :: Q2 2017 West LA

West Hollywood

$1.3M

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

Q2 2017 CONDOMINIUM HOMES 2017

$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

DOWNTOWN LOS ANGELES Once desolate, Downtown L.A. was recently hailed by

neighborhood at the moment for dining (Alma, Bottega

Take a Peek at the New Los Angeles State Historic Park

Louie, Orsa & Winston, Redbird), boozing (Perch, The

This week, we take a tour of the 32-acre

GQ as “America’s Next Great City.” There is no hotter

Varnish, Villain’s Tavern), and shopping (Acne Studio,

historic park directly adjacent to Chinatown, between the LA River and the Elysian Hills.

Rory Beca, Aesop) than DTLA. Then there’s the historic Art Deco theaters such as the Orpheum and The Theater at Ace Hotel, where you can take in world-class music, dance, and theater. Explore Grand Central Market, a landmark since 1917 that’s akin to San Francisco’s Ferry Building and home to Eggslut and Belcampo Meat Co., hit up MOCA’s latest, and take a walking tour with the Los Angeles Conservancy for an in-depth look at treasures such as the Bradbury Building, Angels Flight, and the Central Library. The hot real estate market

View more on our blog

HomeAsArt.com

includes loft-style apartments and condos, and Art Deco office building conversions with insanely good views.

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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

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$1,025,000 $466 2 34

NA NA NA NA

NA NA NA NA

$365,000 $405 1 12

NA NA NA NA

NA NA NA NA

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

SFR Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$5,620,000 $1,418 47 64

$5,175,000 $1,308 35 70

8.60% 8.39% 34.29% -8.57%

$1,275,000 $806 35 68

$1,200,000 $676 33 82

6.25% 19.13% -6.06% -17.07%

SFR Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$3,440,000 $986 47 77

$2,390,000 $792 38 97

43.93% 24.46% 23.68% -20.62%

NA NA NA NA

NA NA NA NA

NA NA NA NA

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$1,505,000 $764 60 51

$1,200,000 $693 65 38

25.42% 10.26% -7.69% 34.21%

$735,000 $553 11 19

$735,000 $549 19 46

0.00% 0.73% -42.11% -58.70%

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

CONDO

Q2 2017

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

CONDO

Q2 2017

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

CONDO

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$1,650,000 $787 63 64

$1,600,000 $787 51 45

3.13% 0.00% 23.53% 42.22%

$736,500 $599 26 32

$740,000 $599 29 54

-0.47% 0.05% -10.34% -40.74%

“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 :: Q2 2017

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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA

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

SFR

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$3,027,500 $1,046 74 56

$2,950,000 $1,024 73 57

2.63% 2.16% 1.37% -1.75%

$949,000 $658 57 40

$847,500 $618 65 57

11.98% 6.56% -12.31% -29.82%

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

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$2,305,000 $835 36 50

$2,200,000 $776 21 45

4.77% 7.64% 71.43% 11.11%

$825,000 $575 1 10

NA NA NA NA

NA NA NA NA

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$1,122,500 $803 58 35

$1,200,000 $747 75 30

-6.46% 7.58% -22.67% 16.67%

$515,000 $526 46 22

$470,000 $468 69 30

9.57% 12.36% -33.33% -26.67%

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$374,500 $358 30 39

$339,500 $275 30 66

10.31% 29.87% 0.00% -40.91%

$575,000 $660 135 56

$602,500 $626 106 67

-4.56% 5.41% 27.36% -16.42%

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

CONDO

Q2 2016

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

SFR

Q2 2017

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

CONDO

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$1,500,000 $697 79 58

$1,550,000 $663 75 52

-3.23% 5.17% 5.33% 11.54%

$627,500 $517 68 44

$554,500 $505 66 64

13.17% 2.41% 3.03% -31.25%

“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 :: Q2 2017

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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA

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

SFR

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$922,000 $709 15 54

$805,000 $613 21 64

14.53% 15.69% -28.57% -15.63%

$632,500 $555 36 64

$669,000 $541 34 69

-5.46% 2.66% 5.88% -7.25%

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

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$1,335,000 $713 43 57

$1,352,165 $682 45 61

-1.27% 4.44% -4.44% -6.56%

$570,000 $605 12 64

$609,000 $480 14 62

-6.40% 26.15% -14.29% 3.23%

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$1,050,000 $414 15 27

$800,000 $359 13 91

31.25% 15.28% 15.38% -70.33%

$433,500 $341 2 26

$475,000 $348 3 27

-8.74% -2.00% -33.33% -3.70%

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$400,000 $399 1 5

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

Q2 2016

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

SFR

Q2 2017

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

CONDO

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$1,647,500 $807 70 49

$1,448,500 $710 58 55

13.74% 13.62% 20.69% -10.91%

$586,000 $609 10 67

$528,500 $562 12 52

10.88% 8.36% -16.67% 28.85%

“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 :: Q2 2017

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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

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$685,000 $466 114 30

$595,000 $393 117 73

15.13% 18.56% -2.56% -58.90%

$829,450 $335 6 29

$397,000 $400 2 20

108.93% -16.35% 200.00% 45.00%

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

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$935,000 $723 110 48

$944,500 $654 84 49

-1.01% 10.54% 30.95% -2.04%

$635,000 $512 26 49

$639,950 $504 16 49

-0.77% 1.53% 62.50% 0.00%

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$1,466,000 $655 96 47

$1,329,772 $605 94 51

10.24% 8.32% 2.13% -7.84%

$632,250 $448 58 67

$580,000 $425 51 59

9.01% 5.54% 13.73% 13.56%

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$1,920,000 $833 121 61

$1,834,000 $851 102 66

4.69% -2.11% 18.63% -7.58%

$568,000 $614 41 43

$540,000 $608 43 50

5.19% 0.89% -4.65% -14.00%

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

CONDO

Q2 2016

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

SFR

Q2 2017

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

CONDO

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$915,000 $352 3 75

$865,000 $404 3 28

5.78% -12.74% 0.00% 167.86%

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 :: Q2 2017

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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

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$2,125,000 $862 54 41

$2,193,292 $881 54 43

-3.11% -2.19% 0.00% -4.65%

$875,000 $657 161 52

$849,500 $626 154 67

3.00% 4.95% 4.55% -22.39%

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$1,582,200 $1,020 37 43

$1,538,750 $975 32 40

2.82% 4.54% 15.63% 7.50%

$712,500 $652 108 48

$690,000 $660 107 54

3.26% -1.14% 0.93% -11.11%

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

CONDO

Q2 2017

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

SFR

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$1,168,000 $879 33 27

$1,082,000 $681 36 49

7.95% 29.22% -8.33% -44.90%

$790,500 $592 46 34

$777,000 $551 49 37

1.74% 7.49% -6.12% -8.11%

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

The Market Report :: Q2 2017

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westside la area

NEIGHBORHOOD FOCUS Q2 2017 NEIGHBORHOOD

SINGLE FAMILY HOMES

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Malibu Beach

12

$7,400,000

$2,493

Malibu

38

$2,509,600

$1,094

Marina Del Rey

21

$1,400,000

$865

Pacific Palisades

73

$3,150,000

$1,184

Palms - Mar Vista

91

$1,500,000

$831

Playa Vista

11

$1,990,000

$739

Santa Monica

69

$2,320,000

$1,180

Venice

50

$2,137,500

$1,300

365

$2,800,888

$1,211

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 :: Q2 2017

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westside la area

PROPERTIES SOLD Q2 2017

SINGLE FAMILY HOMES

91 73 50 Venice

Santa Monica

Pacific Palisades

Palms – Mar Vista

69 38

12

11 Playa Vista

Malibu Beach

Marina del Rey

Malibu

21

“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 :: Q2 2017

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westside la area

NEIGHBORHOOD FOCUS Q2 2017 NEIGHBORHOOD

CONDOMINIUM HOMES

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

7

$1,059,000

$915

Malibu

14

$922,500

$660

Marina Del Rey

91

$875,000

$672

Pacific Palisades

25

$1,116,500

$628

Palms - Mar Vista

30

$649,975

$582

Playa Vista

36

$1,001,093

$657

111

$1,115,000

$922

11

$1,300,000

$911

325

$1,004,884

$743

Malibu Beach

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.

The Market Report :: Q2 2017

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westside la area

PROPERTIES SOLD CHANGE Q2 2017 — Q2 2016

CONDOMINIUM HOMES 2016

2017

% Change

+4%

120

-1% 90

60

-11% 30

-3%

+20%

-7%

+10%

+17% 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 :: Q2 2017

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neighborhood spotlight

VENICE Originally founded in 1905 as a seaside resort town, and later known as “Bohemia-by-the-Beach,” Venice

Loft Living In Venice’s Trendy Windward Circle

is eclectic, design-oriented, and artsy. It’s easily the

The loft-like living space of this home in Venice’s

Westside’s hottest neighborhood, with Abbot Kinney

Windward Circle features two-story ceilings and

Boulevard (named for the city’s founder) acting as its

elevated windows that welcome natural light

downtown. Try Gjelina’s fennel salami pizza, organic gelato at N’ice Cream, and the croque madame at The Tasting Kitchen and thank us later. Shop for modern

without sacrificing privacy. A modern aesthetic is achieved via concrete walls, contemporary railings and a cast iron fireplace that serves as a focal point.

jewelry at Alexis Bittar, find cult skincare products at Aesop, and witness the thriving art scene during the Venice Art Crawl. On the home front, you’ll find cozy bungalows and cottages alongside modern masterpieces from Brian Murphy, David Hertz, Glen Irani, Marmol Radziner, and Frank Gehry (and don’t miss the idyllic canals). Property values continue to increase thanks to the presence of tech companies like Google Inc., which moved into Gehry’s famed Binoculars Building back in 2011.

The Market Report :: Q2 2017

View more on our blog

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MARKET PERFORMANCE BY NEIGHBORHOOD :: WESTSIDE AREA

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

SFR

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$7,400,000 $2,493 12 101

$8,050,000 $3,859 14 159

-8.07% -35.41% -14.29% -36.48%

$1,059,000 $915 7 139

$1,252,500 $1,468 6 159

-15.45% -37.66% 16.67% -12.58%

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

SFR Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$2,509,600 $1,094 38 113

$2,787,500 $924 48 100

-9.97% 18.33% -20.83% 13.00%

$922,500 $660 14 43

$1,100,000 $710 15 71

-16.14% -7.08% -6.67% -39.44%

SFR Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$1,400,000 $865 21 58

$1,115,000 $841 24 55

25.56% 2.87% -12.50% 5.45%

$875,000 $672 91 39

$865,000 $607 92 56

1.16% 10.68% -1.09% 36.00%

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$3,150,000 $1,184 73 35

$2,500,480 $998 72 62

25.98% 18.66% 1.39% -43.55%

$1,116,500 $628 25 25

$913,000 $571 28 52

22.29% 10.02% -10.71% -51.92%

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

CONDO

Q2 2017

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

CONDO

Q2 2017

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

CONDO

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$1,500,000 $831 91 41

$1,293,875 $796 104 46

15.93% 4.38% -12.50% -10.87%

$649,975 $582 30 28

$635,000 $508 31 30

2.36% 14.62% -3.23% -6.67%

“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 Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$1,990,000 $739 11 52

$1,739,000 $671 4 57

175.00% 10.20% 175.00% -8.77%

$1,001,093 $657 36 47

$909,000 $648 30 37

10.13% 1.38% 20.00% 27.03%

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

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$2,320,000 $1,180 69 46

$2,185,000 $1,156 69 39

6.18% 2.07% 0.00% 17.95%

$1,115,000 $922 111 42

$1,085,000 $920 107 51

2.76% 0.13% 3.74% -17.65%

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

CONDO

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$2,137,500 $1,300 50 50

$1,823,467 $1,261 54 67

17.22% 3.10% -7.41% -25.37%

$1,300,000 $911 11 42

$1,324,500 $916 10 60

-1.85% -0.59% 10.00% -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.

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pasadena + san gabriel valley area

NEIGHBORHOOD FOCUS Q2 2017 NEIGHBORHOOD

SINGLE FAMILY HOMES

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

58

$672,500

$457

121

$1,150,000

$577

Altadena

99

$815,000

$492

Bradbury

4

$2,622,500

$591

62

$822,500

$595

122

$670,000

$377

Highland Park

75

$725,000

$608

La Crescenta / Glendale

86

$830,500

$554

La Cañada Flintridge

69

$1,840,000

$662

Monrovia

68

$705,500

$462

Mount Washington

38

$817,900

$649

Pasadena NE

109

$858,888

$516

Pasadena NW

59

$800,000

$543

Pasadena SE

60

$1,150,000

$635

Pasadena SW

42

$1,355,000

$638

Rosemead / South San Gabriel

47

$540,000

$423

San Gabriel

73

$750,000

$494

San Marino

31

$2,050,000

$849

Sierra Madre

30

$1,062,500

$552

South Pasadena

42

$1,305,000

$695

Sunland / Tujunga

123

$610,000

$417

TOTAL/AVERAGE

1,418

$1,054,895

$561

Alhambra Arcadia

Eagle Rock Glendora

“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

Q2 2017 SINGLE FAMILY HOMES

33

35

39

Sunland / Tujunga

37

42

40

San Marino

Mount Washington

Monrovia

La Cañada Flintridge

La Crescenta / Glendale

Highland Park

Glendora

Eagle Rock

Bradbury

Altadena

Arcadia

Alhambra

35

39

San Gabriel

38

South Pasadena

48

Rosemead / South San Gabriel

37

48

Pasadena SW

41

Pasadena SE

38

Pasadena NW

48

51

47

Pasadena NE

44 44

54

Sierra Madre

57

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

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pasadena + san gabriel valley area

NEIGHBORHOOD FOCUS Q2 2017 NEIGHBORHOOD

CONDOMINIUM HOMES

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Alhambra

46

$525,000

$404

Arcadia

56

$621,000

$424

Altadena

3

$460,000

$378

Bradbury

NA

NA

NA

3

$575,000

$488

18

$442,500

$295

6

$445,000

$439

40

$487,500

$433

5

$889,000

$493

Monrovia

20

$458,500

$360

Mount Washington

NA

NA

NA

Pasadena NE

21

$509,214

$425

Pasadena NW

8

$580,000

$507

Pasadena SE

97

$555,000

$506

Pasadena SW

29

$783,500

$541

7

$452,000

$325

San Gabriel

14

$574,944

$382

San Marino

NA

NA

NA

5

$645,000

$445

South Pasadena

17

$853,000

$568

Sunland / Tujunga

15

$405,000

$335

TOTAL/AVERAGE

410

$603,598

$456

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

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.

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neighborhood spotlight

SOUTH PASADENA Located 10 miles from Downtown L.A., South Pasadena is just minutes from the hustle and bustle, but retains

A Restored Midcentury Abode Shines In SoCal

a small town feel with its mom and pop shops and

Built in 1963 by architect John Andre Gougeon,

primary city pastime of float-building for the nearby

this two-bedroom, three-bath property in

Tournament of Roses Parade that happens every New

Glendora, California, embodies the trajectory

Year’s day. Locals enjoy the popular Farmer’s Market in

of postwar architecture in the East San Gabriel Valley.

the historic Mission-West District, attending concerts at Garfield Park, dining at Crossings, shopping for eclectic finds at House of Honey, and hiking in the Arroyo Seco. Historical spots include the Fair Oaks Pharmacy and Soda Fountain and downtown’s Spanish Baroque and Egyptian-style Rialto Theater. Fun fact: The streets of South Pas are lined with native California trees and since there are virtually no palm trees or Spanish Colonial homes in parts of the city, the neighborhood often stands in for the Midwest or Northeast in film and TV.

The Market Report :: Q2 2017

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

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$672,500 $457 58 44

$566,000 $441 74 61

18.82% 3.45% -21.62% -27.87%

$525,000 $404 46 38

$450,000 $377 41 51

16.67% 7.05% 12.20% -25.49%

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

SFR Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$1,150,000 $577 121 44

$1,130,000 $555 127 62

1.77% 3.81% -4.72% -29.03%

$621,000 $424 56 40

$644,000 $409 50 59

-3.57% 3.59% 12.00% -32.20%

SFR

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

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$815,000 $492 99 38

$720,000 $467 117 48

13.19% 5.15% -15.38% -20.83%

$460,000 $378 3 40

NA NA NA NA

NA NA NA NA

BRADBURY

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$2,622,500 $591 4 57

$1,085,000 $455 4 119

141.71% 30.11% 0.00% -52.10%

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

Q2 2017

ALTADENA

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

CONDO

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$822,500 $595 62 37

$755,000 $511 79 41

8.94% 16.51% -21.52% -9.76%

$575,000 $488 3 46

$468,000 $335 2 27

22.86% 45.77% 50.00% 70.37%

“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

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

SFR Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$670,000 $377 122 48

$585,000 $354 137 52

14.53% 6.71% -10.95% -7.69%

$442,500 $295 18 43

$410,000 $286 35 70

7.93% 3.22% -48.57% -38.57%

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

SFR Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$725,000 $608 75 41

$647,500 $545 74 40

11.97% 11.72% 1.35% 2.50%

$445,000 $439 6 19

$425,000 $407 13 32

4.71% 7.91% -53.85% -40.63%

CONDO

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$830,500 $554 86 48

$775,000 $515 91 49

7.16% 7.48% -5.49% -2.04%

$487,500 $433 40 44

$430,000 $374 23 53

13.37% 15.77% 73.91% -16.98%

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$1,840,000 $662 69 48

$1,630,000 $641 73 45

12.88% 3.32% -5.48% 6.67%

$889,000 $493 5 31

$1,000,000 $488 4 20

-11.10% 0.98% 25.00% 55.00%

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

SFR

Q2 2017

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

CONDO

Q2 2017

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

CONDO

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$705,500 $462 68 38

$635,000 $438 87 52

11.10% 5.51% -21.84% -26.92%

$458,500 $360 20 18

$450,750 $336 20 55

1.72% 7.14% 0.00% -67.27%

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

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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA

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

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$817,900 $649 38 35

$740,000 $537 28 67

10.53% 20.73% 35.71% -47.76%

NA NA NA NA

NA NA NA NA

NA NA NA NA

SFR Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$858,888 $516 109 37

$771,250 $479 110 52

11.36% 7.81% -0.91% -28.85%

$509,214 $425 21 41

$519,000 $408 23 51

-1.89% 4.11% -8.70% -19.61%

SFR Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$800,000 $543 59 54

$910,000 $535 41 56

-12.09% 1.54% 43.90% -3.57%

$580,000 $507 8 43

$630,000 $442 11 40

-7.94% 14.76% -27.27% 7.50%

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$1,150,000 $635 60 47

$1,100,000 $585 67 51

4.55% 8.67% -10.45% -7.84%

$555,000 $506 97 51

$515,000 $472 100 40

7.77% 7.24% -3.00% 27.50%

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

CONDO

Q2 2017

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

CONDO

Q2 2017

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

CONDO

Q2 2017

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

SFR

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$1,355,000 $638 42 39

$1,197,000 $615 28 53

13.20% 3.79% 50.00% -26.42%

$783,500 $541 29 53

$765,000 $542 37 59

2.42% -0.22% -21.62% -10.17%

“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.

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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

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$540,000 $423 47 40

$535,000 $418 38 60

0.93% 1.24% 23.68% -33.33%

$452,000 $325 7 19

$407,000 $294 10 65

11.06% 10.57% -30.00% -70.77%

SFR Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$750,000 $494 73 35

$685,000 $458 70 72

9.49% 7.82% 4.29% -51.39%

$574,944 $382 14 16

$515,000 $356 24 58

11.64% 7.51% -41.67% -72.41%

SFR Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$2,050,000 $849 31 42

$2,522,000 $913 46 63

-18.72% -6.97% -32.61% -33.33%

NA NA NA NA

NA NA NA NA

NA NA NA NA

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$1,062,500 $552 30 51

$903,000 $543 34 49

17.66% 1.65% -11.76% 4.08%

$645,000 $445 5 24

$650,500 $512 3 39

-0.85% -12.98% 66.67% -38.46%

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

CONDO

Q2 2017

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

CONDO

Q2 2017

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

CONDO

Q2 2017

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

SFR

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$1,305,000 $695 42 33

$1,400,000 $643 35 48

-6.79% 8.09% 20.00% -31.25%

$853,000 $568 17 50

$662,050 $483 20 44

28.84% 17.42% -15.00% 13.64%

“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

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$610,000 $417 123 39

$540,000 $384 113 52

12.96% 8.80% 8.85% -25.00%

$405,000 $335 15 35

$390,000 $319 23 42

3.85% 4.93% -34.78% -16.67%

“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 Q2 2017

SINGLE FAMILY HOMES

NEIGHBORHOOD

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Cathedral City North

126

$285,500

$170

Cathedral City South

50

$347,900

$204

Indian Wells

89

$750,000

$282

La Quinta No of HWY 111

51

$365,000

$178

La Quinta S.Of H

326

$510,000

$243

Palm Desert East

93

$393,000

$201

Palm Desert North

77

$398,000

$194

Palm Desert South

63

$510,000

$285

Palm Springs Central

92

$750,276

$382

Palm Springs North End

129

$415,000

$264

Palm Springs South End

116

$695,000

$339

Rancho Mirage

176

$587,000

$238

1,388

$500,556

$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.

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coachella valley area

MEDIAN PRICE

Q2 2017 — Q2 2016 SINGLE FAMILY HOMES 2016

2017

$800K

$600K

$400K

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

$200K

“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 :: Q2 2017

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coachella valley area

NEIGHBORHOOD FOCUS Q2 2017

CONDOMINIUM HOMES

NEIGHBORHOOD

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Cathedral City North

24

$125,000

$119

Cathedral City South

46

$166,750

$129

Indian Wells

39

$365,000

$189

La Quinta No of HWY 111

11

$180,000

$195

La Quinta S.Of H

92

$381,500

$193

Palm Desert East

149

$250,000

$172

Palm Desert North

89

$277,000

$169

Palm Desert South

82

$267,450

$200

Palm Springs Central

95

$240,000

$216

Palm Springs North End

48

$119,500

$173

Palm Springs South End

206

$237,525

$186

Rancho Mirage

123

$269,999

$161

1,004

$239,977

$175

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

A Modern Marvel In Palm Desert

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

The Fritz Residence, built of concrete blocks,

community. From stylish boutique hotels and high-end

hand-stacked stone walls and floor-to-ceiling

vintage shopping to the annual Modernism Week, the

windows, was designed to evoke a sense of

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,

both division and openness. Separate master and guest wings are connected by a communal space that includes open-plan living and dining rooms and a kitchen.

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

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$285,500 $170 126 79

$269,000 $154 113 107

6.13% 10.40% 11.50% -26.17%

$125,000 $119 24 92

$135,000 $119 27 111

-7.41% 0.00% -11.11% -17.12%

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$347,900 $204 50 64

$275,000 $188 26 86

26.51% 8.64% 92.31% -25.58%

$166,750 $129 46 102

$145,000 $117 27 129

15.00% 9.81% 70.37% -20.93%

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$750,000 $282 89 150

$783,500 $265 67 131

-4.28% 6.35% 32.84% 14.50%

$365,000 $189 39 142

$388,000 $197 23 143

-5.93% -3.64% 69.57% -0.70%

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$365,000 $178 51 64

$350,000 $174 57 104

4.29% 2.37% -10.53% -38.46%

$180,000 $195 11 82

$170,000 $180 5 133

5.88% 7.90% 120.00% -38.35%

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

CONDO

Q2 2016

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

SFR

Q2 2017

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

CONDO

Q2 2017

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

SFR

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$510,000 $243 326 110

$482,000 $227 297 131

5.81% 6.77% 9.76% -16.03%

$381,500 $193 92 131

$325,000 $188 61 134

17.38% 2.51% 50.82% -2.24%

“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

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$393,000 $201 93 97

$379,500 $188 104 129

3.56% 6.74% -10.58% -24.81%

$250,000 $172 149 100

$239,750 $167 110 137

4.28% 2.87% 35.45% -27.01%

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

SFR

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$398,000 $194 77 91

$410,000 $190 75 123

-2.93% 1.98% 2.67% -26.02%

$277,000 $169 89 137

$262,000 $171 82 127

5.73% -1.38% 8.54% 7.87%

SFR Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$510,000 $285 63 98

$514,000 $287 71 119

-0.78% -0.87% -11.27% -17.65%

$267,450 $200 82 128

$280,000 $187 81 113

-4.48% 7.07% 1.23% 13.27%

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$750,276 $382 92 96

$675,000 $363 75 115

11.15% 5.32% 22.67% -16.52%

$240,000 $216 95 84

$195,000 $208 103 100

23.08% 3.97% -7.77% -16.00%

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

CONDO

Q2 2017

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

CONDO

Q2 2017

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

CONDO

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$415,000 $264 129 72

$395,000 $242 97 97

5.06% 8.87% 32.99% -25.77%

$119,500 $173 48 73

$123,800 $162 60 94

-3.47% 6.70% -20.00% -22.34%

“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 :: Q2 2017

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

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$695,000 $339 116 85

$671,000 $329 117 88

3.58% 2.80% -0.85% -3.41%

$237,525 $186 206 69

$255,000 $189 176 87

-6.85% -1.17% 17.05% -20.69%

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

SFR

SFR

CONDO

Q2 2017

Q2 2016

% CHANGE

Q2 2017

Q2 2016

% CHANGE

$587,000 $238 176 118

$597,500 $237 134 143

-1.76% 0.33% 31.34% -17.48%

$269,999 $161 123 102

$300,000 $163 104 120

-10.00% -1.02% 18.27% -15.00%

“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 :: Q2 2017

deasypenner.com


WHAT’S NEW ON HOMEASART.COM


Take a Peek at the Neutra VDL Studio and Residences Today, we take a peek at the VDL Research house built by VienneseAmerican architect Richard Neutra and his son Dion Neutra. Located on Silverlake Boulevard, across from the Silver Lake Reservoir and Meadow, the house was Neutra’s family home and studio for nearly three decades.

We share our passion for design on our blog

HomeAsArt.com Photography by Justin Juarez

The Market Report :: Q2 2017

Photography by Justin Juarez

deasypenner.com


Tour Through the New Los Angeles State Historic Park

The Art & Design of the CalEdison Building

This week, we take a tour of the 32-

Completed in 1931 by Allison &

acre historic park directly adjacent

Allison, the Edison Building was one

to Chinatown, between the LA River

of the first all-electrically heated and

and the Elysian Hills. A $20 million

cooled buildings constructed in the

renovation paved the way for new

western United States. Located on

paths, wetlands, and a pedestrian

the corner of 5th Street and Grand

walkway.

Avenue in Downtown LA’s Financial District, the fourteen-story, steelframed building follows a classically inspired Art Deco design.

Photography by Justin Juarez

The Market Report :: Q2 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 | Silver Lake | Venice | Santa Monica | Palm Springs 310.275.1000 626.683.0777 info@deasypenner.com

deasy/penner home as art.ÂŽ

deasy/penner Q2 2017 Market Analysis Report  

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