Q2 2018 MARKET REPORT
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deasy/penner home as art.®
YOUR GUIDE TO MARKET PERFORMANCE & ANALYSIS
la county :: market snapshot SINGLE FAMILY HOMES
CONDOMINIUM HOMES
Data*
Q2 2018
Q2 2017
% Change
Median Price
$665,000
$623,000
$776
Properties Sold Days on Market
Avg. Price / Sq. Ft.
Data*
Q2 2018
Q2 2017
% Change
6.74%
Median Price
$510,000
$475,000
7.37%
$464
67.05%
Avg. Price / Sq. Ft.
$472
$442
6.89%
13,017
13,997
-7.00%
Properties Sold
4,610
5,149
-10.47%
38
41
-7.32%
Days on Market
34
40
-15.00%
MEDIAN PRICE
MEDIAN PRICE
$665,000
$510,000
vs Q2 2017
+7%
$623,000
DAYS ON THE MARKET
+7%
$475,000
PROPERTIES SOLD
38
41
Q2 2018
Q2 2017
DAYS
vs Q2 2017
4,610
5,149
Q2 2018
Q2 2017
DAYS
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q2 2018
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EXPLORE YOUR NEIGHBORHOOD
los angeles area NEIGHBORHOOD FOCUS Q2 2018 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
MED. SALE PRICE
AVG. $ / SQ. FT.
Baldwin Hills
3
$965,000
$492
Beverly Hills
24
$5,842,500
$1,483
Beverly Hills PO
41
$2,740,000
$956
Beverlywood
48
$1,521,000
$837
Beverly Center - Miracle
51
$1,700,000
$843
Brentwood
56
$3,037,500
$1,070
Cheviot Hills - Rancho Park
22
$2,500,000
$885
Culver City
62
$1,304,000
$891
Downtown LA
24
$410,000
$391
Hancock Park - Wilshire
77
$1,720,000
$793
Hollywood
32
$996,500
$710
Hollywood Hills East
48
$1,503,750
$734
Ladera Heights
9
$1,279,000
$521
Leimert Park
1
$626,000
$625
60
$1,902,500
$803
112
$819,000
$515
Silver Lake - Echo Park
81
$1,047,000
$810
Studio City
86
$1,486,500
$656
125
$1,800,000
$895
6
$927,000
$423
Westwood - Century City
48
$2,223,500
$935
West Hollywood
35
$1,660,000
x
West LA
29
$1,490,000
$774
1,080
$1,717,424
$x
Los Feliz Mid - Los Angeles
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 2018
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The Market Report :: Q2 2018
West LA
West Hollywood
$4.5M
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 2018 — Q2 2017 SINGLE FAMILY HOMES $6M
2018 2017
$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.
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los angeles area NEIGHBORHOOD FOCUS Q2 2018 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
MED. SALE PRICE
AVG. $ / SQ. FT.
Baldwin Hills
NA
NA
NA
Beverly Hills
32
$1,262,500
$749
Beverly Hills PO
NA
NA
NA
Beverlywood
14
$807,500
$596
Beverly Center - Miracle
27
$837,000
$627
Brentwood
42
$966,425
$676
Cheviot Hills - Rancho Park
NA
NA
NA
Culver City
45
$611,000
$603
121
$640,000
$663
Hancock Park - Wilshire
53
$680,000
$560
Hollywood
38
$736,500
$603
7
$585,000
$594
Ladera Heights
NA
NA
NA
Leimert Park
NA
NA
NA
Los Feliz
3
$610,000
$685
Mid - Los Angeles
5
$520,000
$465
Silver Lake - Echo Park
38
$869,644
$536
Studio City
44
$666,000
$486
Sunset Strip - HH West
32
$652,000
$602
1
$390,000
$385
141
$993,000
$725
West Hollywood
95
$842,500
$757
West LA
37
$910,000
$669
774
$694,162
$558
Downtown LA
Hollywood Hills East
View 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 :: Q2 2018
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The Market Report :: Q2 2018 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 2018 CONDOMINIUM HOMES 2018
$975K
$650K
$325K
0
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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neighborhood spotlight
HANCOCK PARK Historic, stately, and affluent, Hancock Park is built around the grounds of the Wilshire Country Club, and bordered by Melrose Avenue, Wilshire Boulevard, both sides of Highland and Rossmore Avenues. The low density and highly educated neighborhood was developed in the 1920s and features architecturally
Light-Filled Koreatown Condo With Two Bedrooms This airy two-bedroom condo is situated in Koreatown’s elegant Miramonte Terrace. Now seems to be the time to buy in the building— we spotted another unit in this week’s Curbed Comparisons. Built in 1922, the Italianate...
distinctive homes from Wallace Neff, Paul Williams, and Lloyd Wright. The 1,200 homes in Hancock Park— many of which are set back 50 feet from the street—are occupied by families, celebrities, Orthodox Jews, and numerous consuls generals (Prince William and the Duchess of Cambridge famously stayed here during their 2011 visit). There are six schools operating within Hancock Park, including the private and prestigious Marlborough School. Enjoy a tasting menu at the two-
View more on our blog
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star Michelin restaurant Providence, hit Larchmont Village’s Farmers’ Market on Sunday mornings, and get lost in the shelves at Chevalier’s Books. The Market Report :: Q2 2018
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
BALDWIN HILLS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$965,000 $492 3 31
$1,025,000 $466 2 34
-5.85% 5.52% 50.00% -8.82%
NA NA NA NA
$365,000 $405 1 12
NA NA NA NA
BEVERLY HILLS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$5,842,500 $1,483 24 74
$5,620,000 $1,418 47 64
3.96% 4.58% -48.94% 15.63%
$1,262,500 $749 32 38
$1,275,000 $806 35 68
-0.98% -7.08% -8.57% -44.12%
SFR Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$2,740,000 $956 41 79
$3,445,000 $986 48 77
-20.46% -3.01% -14.58% 2.60%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$1,521,000 $837 48 36
$1,510,000 $764 61 49
0.73% 9.55% -21.31% -26.53%
$807,500 $596 14 44
$735,000 $553 11 19
9.86% 7.78% 27.27% 131.58%
BEVERLY CENTER :: MIRACLE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2018
BEVERLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2018
BEVERLY HILLS PO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$1,700,000 $843 51 39
$1,650,000 $787 63 64
3.03% 7.09% -19.05% -39.06%
$837,000 $627 27 37
$740,000 $602 27 32
13.11% 4.12% 0.00% 15.63%
“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 2018
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
BRENTWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$3,037,500 $1,070 56 50
$3,055,000 $1,045 75 55
-0.57% 2.39% -25.33% -9.09%
$966,425 $676 42 34
$939,500 $659 58 39
2.87% 2.70% -27.59% -12.82%
CHEVIOT HILLS :: RANCHO PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$2,500,000 $885 22 38
$2,305,000 $835 36 50
8.46% 5.93% -38.89% -24.00%
NA NA NA NA
$825,000 $575 1 10
NA NA NA NA
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$1,304,000 $891 62 32
$1,122,500 $802 58 35
16.17% 11.09% 6.90% -8.57%
$611,000 $603 45 27
$515,000 $527 47 22
18.64% 14.37% -4.26% 22.73%
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$410,000 $391 24 30
$360,000 $358 31 38
13.89% 9.26% -22.58% -21.05%
$640,000 $663 121 46
$591,500 $676 144 55
8.20% -1.81% -15.97% -16.36%
HANCOCK PARK :: WILSHIRE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2017
DOWNTOWN LA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q2 2018
CULVER CITY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$1,720,000 $793 77 53
$1,500,000 $697 79 58
14.67% 13.81% -2.53% -8.62%
$680,000 $560 53 40
$630,904 $515 70 45
7.78% 8.66% -24.29% -11.11%
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q2 2018
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
HOLLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$996,500 $710 32 42
$854,750 $703 20 71
16.58% 1.02% 60.00% -40.85%
$736,500 $603 38 59
$632,500 $550 38 62
16.44% 9.59% 0.00% -4.84%
HOLLYWOOD HILLS EAST Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$1,503,750 $734 48 52
$1,335,000 $712 43 57
12.64% 3.03% 11.63% -8.77%
$585,000 $594 7 34
$570,000 $605 12 64
2.63% -1.90% -41.67% -46.88%
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$1,279,000 $521 9 39
$1,000,000 $413 16 27
27.90% 26.21% -43.75% 44.44%
NA NA NA NA
$433,500 $341 2 26
NA NA NA NA
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$626,000 $625 1 11
$400,000 $399 1 5
56.50% 56.58% 0.00% 120.00%
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 2017
LEIMERT PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q2 2018
LADERA HEIGHTS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$1,902,500 $803 60 49
$1,650,000 $802 73 48
15.30% 0.04% -17.81% 2.08%
$610,000 $685 3 17
$586,000 $609 10 67
4.10% 12.36% -70.00% -74.63%
“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 2018
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
MID LOS ANGELES Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q2 2018
Q2 2017
% CHANGE
Q1 2018
Q2 2017
% CHANGE
$819,000 $515 112 46
$690,000 $464 114 30
18.70% 10.95% -1.75% 53.33%
$520,000 $465 5 92
$829,450 $335 6 29
-37.31% 38.90% -16.67% 217.24%
SILVER LAKE :: ECHO PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$1,047,000 $810 81 30
$954,500 $725 112 48
9.69% 11.64% -27.68% -37.50%
$869,644 $536 38 30
$620,000 $515 31 54
40.27% 4.26% 22.58% -44.44%
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$1,486,500 $656 86 42
$1,466,000 $654 98 47
1.40% 0.20% -12.24% -10.64%
$666,000 $486 44 34
$625,000 $447 58 68
6.56% 8.77% -24.14% -50.00%
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$1,800,000 $895 125 65
$1,913,000 $834 127 60
-5.91% 7.30% -1.57% 8.33%
$652,000 $602 32 43
$559,000 $611 40 41
16.64% -1.55% -20.00% 4.88%
VIEW PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2017
SUNSET STRIP :: HH WEST Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q2 2018
STUDIO CITY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$927,000 $423 6 27
$915,000 $352 3 75
1.31% 20.09% 100.00% -64.00%
$390,000 $385 1 7
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 2018
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
WESTWOOD :: CENTURY CITY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$2,223,500 $935 48 36
$2,125,000 $862 54 41
4.64% 8.47% -11.11% -12.20%
$993,000 $725 141 48
$877,500 $659 160 52
13.16% 10.00% -11.88% -7.69%
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$1,660,000 $110,425 35 38
$1,582,200 $1,019 37 41
4.92% 10733.39% -5.41% -7.32%
$842,500 $757 95 37
$710,000 $653 108 48
18.66% 15.99% -12.04% -22.92%
WEST LA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2018
WEST HOLLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$1,490,000 $774 29 42
$1,168,000 $879 33 27
27.57% -12.04% -12.12% 55.56%
$910,000 $669 37 27
$780,000 $593 47 34
16.67% 12.84% -21.28% -20.59%
“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 :: Q2 2018
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westside la area
NEIGHBORHOOD FOCUS Q2 2018 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Malibu Beach
17
$7,975,000
$3,210
Malibu
45
$3,365,000
$1,090
Marina Del Rey
22
$1,488,000
$885
Pacific Palisades
67
$3,350,000
$1,168
Palms - Mar Vista
86
$1,592,500
$921
7
$2,735,000
$758
Santa Monica
64
$3,062,500
$1,271
Venice
54
$2,312,750
$1,279
362
$3,235,094
$1,323
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 :: Q2 2018
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westside la area
DAYS ON MARKET Q2 2018
SINGLE FAMILY HOMES
151 80 Malibu
Malibu Beach
64 42
38 36
31 Palms - Mar Vista
Marina Del Rey
Playa Vista
Venice
Santa Monica
Pacific Palisades
42
“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 2018
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westside la area
NEIGHBORHOOD FOCUS Q2 2018 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Malibu Beach
8
$1,021,250
$1,198
Malibu
7
$1,225,000
$866
Marina Del Rey
76
$1,028,750
$735
Pacific Palisades
22
$1,232,500
$699
Palms - Mar Vista
20
$710,250
$638
Playa Vista
33
$1,075,000
$732
114
$1,120,000
$949
6
$1,502,500
$945
286
$1,114,406
$845
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 2018
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neighborhood spotlight
SANTA MONICA CANYON Known simply as “The Canyon� to its residents, the shallow, flat-bottomed Santa Monica Canyon is home
Iconic Smith House In L.A. Is Listed For $3M
to bohemians, artists, families, and other residents
Here is your chance to live in an iconic work
who appreciate the unpretentious attitude of the
of art. Originally constructed in 1958 by
neighborhood. Lying just north of Santa Monica, the
influential modernist architect Craig Ellwood,
Canyon is known for its rustic beauty, Hollywood history, and architectural gems from Lloyd Wright, Richard Neutra, Craig Ellwood, Ray Kappe, and Moore Ruble
the Smith House has been recently restored under the guidance of James Tyler, FAIA in 2018. Now, this striking midcentury abode has hit the market for $3,000,000. A showcase of midcentury modern architecture, the Smith...
Yudell. A huge draw is its schools: Canyon Charter Elementary, Paul Revere Charter Middle School and Magnet Center, and Palisades Charter High School are some of the highest rated in California. Other neighborhood highlights include the ultra-modern Annenberg Community Beach House, open-air Santa Monica stairs for public workouts, and a surprisingly diverse one-block restaurant scene that includes Tex Mex tacos from Marix and high-end Italian at Il Ristorante de Giorgio Baldi, a celebrity favorite.
The Market Report :: Q2 2018
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MARKET PERFORMANCE BY NEIGHBORHOOD :: WESTSIDE AREA
MALIBU BEACH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$7,975,000 $3,210 17 151
$7,400,000 $2,493 12 101
7.77% 28.77% 41.67% 49.50%
$1,021,250 $1,198 8 96
$1,059,000 $915 7 139
-3.56% 30.98% 14.29% -30.94%
MALIBU Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$3,365,000 $1,090 45 80
$2,575,000 $1,106 39 111
30.68% -1.46% 15.38% -27.93%
$1,225,000 $866 7 96
$895,000 $650 15 36
36.87% 33.10% -53.33% 166.67%
SFR Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$1,488,000 $885 22 36
$1,400,000 $865 21 58
6.29% 2.29% 4.76% -37.93%
$1,028,750 $735 76 31
$875,000 $672 91 39
17.57% 9.49% -16.48% -20.51%
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$3,350,000 $1,168 67 64
$3,150,000 $1,184 73 35
6.35% -1.33% -8.22% 82.86%
$1,232,500 $699 22 30
$1,116,500 $628 25 25
10.39% 11.28% -12.00% 20.00%
PALMS :: MAR VISTA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2018
PACIFIC PALISADES Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2018
MARINA DEL REY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$1,592,500 $921 86 31
$1,541,150 $841 94 41
3.33% 9.59% -8.51% -24.39%
$710,250 $638 20 21
$649,975 $582 30 28
9.27% 9.52% -33.33% -25.00%
“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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MARKET PERFORMANCE BY NEIGHBORHOOD :: WESTSIDE AREA
PLAYA VISTA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$2,735,000 $758 7 38
$1,990,000 $739 11 52
37.44% 2.46% -36.36% -26.92%
$1,075,000 $732 33 25
$1,001,093 $657 36 47
7.38% 11.50% -8.33% -46.81%
SANTA MONICA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$3,062,500 $1,271 64 42
$2,320,000 $1,180 71 47
32.00% 7.72% -9.86% -10.64%
$1,120,000 $949 114 40
$1,113,000 $920 113 42
0.63% 3.12% 0.88% -4.76%
VENICE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$2,312,750 $1,279 54 42
$2,150,000 $1,300 51 49
7.57% -1.62% 5.88% -14.29%
$1,502,500 $945 6 58
$1,300,000 $911 11 42
15.58% 3.81% -45.45% 38.10%
“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 2018
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pasadena + san gabriel valley area
NEIGHBORHOOD FOCUS Q2 2018 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
51
$738,000
$521
Arcadia
116
$1,367,500
$584
Altadena
112
$827,500
$546
Bradbury
3
$935,000
$491
46
$889,500
$626
127
$662,000
$406
64
$812,500
$679
106
$924,325
$585
La Cañada Flintridge
74
$1,912,500
$703
Monrovia
48
$750,500
$525
Mount Washington
43
$950,000
$688
Pasadena NE
104
$922,500
$576
Pasadena NW
54
$993,127
$609
Pasadena SE
49
$1,225,000
$635
Pasadena SW
31
$1,690,000
$670
Rosemead / South San Gabriel
48
$576,900
$487
San Gabriel
61
$757,000
$541
San Marino
24
$2,057,500
$896
Sierra Madre
36
$1,097,500
$613
South Pasadena
34
$1,342,500
$772
Sunland / Tujunga
106
$630,000
$452
TOTAL/AVERAGE
1,337
$1,050,541
$600
Alhambra
Eagle Rock Glendora Highland Park La Crescenta / Glendale
“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 2018
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pasadena + san gabriel valley area
NEIGHBORHOOD FOCUS Q2 2018 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Alhambra
38
$587,500
$449
Arcadia
44
$741,944
$452
Altadena
3
$619,200
$511
Bradbury
NA
NA
NA
Eagle Rock
NA
NA
NA
Glendora
20
$499,000
$325
Highland Park
12
$476,000
$464
La Crescenta / Glendale
22
$632,500
$432
1
$675,000
$420
Monrovia
12
$486,500
$407
Mount Washington
NA
NA
NA
Pasadena NE
17
$528,000
$456
Pasadena NW
14
$616,500
$495
Pasadena SE
118
$654,500
$560
Pasadena SW
28
$730,250
$554
Rosemead / South San Gabriel
13
$483,000
$383
San Gabriel
17
$585,000
$428
San Marino
NA
NA
NA
3
$680,000
$516
South Pasadena
13
$884,000
$542
Sunland / Tujunga
18
$479,000
$376
TOTAL/AVERAGE
393
$609,288
$457
La Cañada Flintridge
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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pasadena + san gabriel valley area
AVERAGE DAYS ON MARKET
Q2 2018 CONDOMINIUM HOMES
52 45 37
48
43 35
38
33
31
32
25
29
26
35
26
Sunland / Tujunga
South Pasadena
Sierra Madre
San Marino
San Gabriel
Rosemead / South San Gabriel
Pasadena SW
Pasadena SE
Pasadena NW
Pasadena NE
Mount Washington
Monrovia
La Cañada Flintridge
La Crescenta / Glendale
Highland Park
Glendora
Eagle Rock
Bradbury
Altadena
Arcadia
Alhambra
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 :: Q2 2018
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neighborhood spotlight
SAN MARINO Incorporated in 1913, picturesque San Marino was designed to be uniquely residential from the get-go
‘60s Ranch In Highland Park’s Asking $1.16M
and it shows. The impeccably maintained community
This three-bedroom, two-bath ranch is located
features expansive properties that are surrounded by
just off of Easy Street in Arroyo View Estates,
lush gardens and wide streets that make Angelenos
the charming midcentury tract of about 200
mouths drop in disbelief. Perhaps best known for housing the Huntington Library, a Neoclassical-
homes on the eastern outskirts of Highland Park. When it last appeared on the market in July 2017, the 1,750-square-foot residence...
Palladian mansion and botanical gardens, San Marino also features the idyllic 30-acre Lacy Park, colorful gift shop, Colori, and the popular Yoshida Sushi (try the blue crab hand roll). One of the country’s most upscale neighborhoods, you’ll find multimillion dollar Traditional, Georgian Colonial Revival, and Monterey Colonial homes and estates alongside significant designs from architects like Buff & Hensman. And as an added bonus, the San Marino Unified School District is the best school district in L.A. County based on API scores and
View more on our blog
HomeAsArt.com
has been ranked as the number one school district in California. The Market Report :: Q2 2018
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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 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$738,000 $521 51 33
$675,000 $453 59 43
9.33% 14.84% -13.56% -23.26%
$587,500 $449 38 37
$525,000 $404 46 38
11.90% 11.16% -17.39% -2.63%
ARCADIA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$1,367,500 $584 116 50
$1,150,000 $575 123 43
18.91% 1.61% -5.69% 16.28%
$741,944 $452 44 32
$622,000 $426 57 40
19.28% 5.92% -22.81% -20.00%
ALTADENA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$827,500 $546 112 37
$821,200 $492 101 37
0.77% 10.88% 10.89% 0.00%
$619,200 $511 3 12
$460,000 $378 3 40
34.61% 35.23% 0.00% -70.00%
BRADBURY
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$935,000 $491 3 170
$2,622,500 $591 4 57
-64.35% -16.96% -25.00% 198.25%
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
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$889,500 $626 46 37
$822,500 $595 62 37
8.15% 5.08% -25.81% 0.00%
NA NA NA NA
$575,000 $488 3 46
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.
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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 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$662,000 $406 127 35
$672,000 $377 121 48
-1.49% 7.56% 4.96% -27.08%
$499,000 $325 20 26
$442,500 $295 18 43
12.77% 9.86% 11.11% -39.53%
HIGHLAND PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$812,500 $679 64 39
$725,000 $613 74 40
12.07% 10.83% -13.51% -2.50%
$476,000 $464 12 33
$445,000 $439 6 19
6.97% 5.50% 100.00% 73.68%
CONDO
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$924,325 $585 106 33
$830,500 $554 86 48
11.30% 5.52% 23.26% -31.25%
$632,500 $432 22 45
$492,500 $432 42 44
28.43% 0.00% -47.62% 2.27%
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$1,912,500 $703 74 48
$1,857,500 $677 70 48
2.96% 3.88% 5.71% 0.00%
$675,000 $420 1 0
$889,000 $493 5 31
-24.07% -14.69% -80.00% -100.00%
MONROVIA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q2 2018
LA CAÑADA FLINTRIDGE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2018
LA CRESCENTA :: GLENDALE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$750,500 $525 48 34
$710,000 $464 69 38
5.70% 13.21% -30.43% -10.53%
$486,500 $407 12 29
$458,500 $360 20 18
6.11% 13.24% -40.00% 61.11%
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
MOUNT WASHINGTON Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$950,000 $688 43 28
$817,900 $649 38 35
16.15% 6.05% 13.16% -20.00%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SFR Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$922,500 $576 104 39
$858,888 $516 109 36
7.41% 11.62% -4.59% 8.33%
$528,000 $456 17 25
$509,214 $425 21 41
3.69% 7.41% -19.05% -39.02%
SFR Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$993,127 $609 54 45
$807,500 $546 58 51
22.99% 11.50% -6.90% -11.76%
$616,500 $495 14 38
$575,000 $484 9 40
7.22% 2.30% 55.56% -5.00%
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$1,225,000 $635 49 44
$1,150,000 $635 61 46
6.52% 0.00% -19.67% -4.35%
$654,500 $560 118 43
$557,500 $506 98 50
17.40% 10.77% 20.41% -14.00%
PASADENA SW Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2018
PASADENA SE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2018
PASADENA NW Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2018
PASADENA NE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$1,690,000 $670 31 38
$1,355,000 $638 42 39
24.72% 5.00% -26.19% -2.56%
$730,250 $554 28 52
$783,500 $541 29 52
-6.80% 2.48% -3.45% 0.00%
“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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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
ROSEMEAD :: S. SAN GABRIEL Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$576,900 $487 48 35
$545,000 $420 46 39
5.85% 15.79% 4.35% -10.26%
$483,000 $383 13 35
$452,000 $325 7 19
6.86% 17.75% 85.71% 84.21%
SFR Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$757,000 $541 61 31
$750,000 $494 73 35
0.93% 9.55% -16.44% -11.43%
$585,000 $428 17 26
$579,888 $379 15 21
0.88% 13.01% 13.33% 23.81%
SFR Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$2,057,500 $896 24 45
$2,050,000 $849 31 40
0.37% 5.49% -22.58% 12.50%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$1,097,500 $613 36 31
$1,050,000 $561 31 50
4.52% 9.29% 16.13% -38.00%
$680,000 $516 3 48
$645,000 $445 5 24
5.43% 15.85% -40.00% 100.00%
S. PASADENA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2018
SIERRA MADRE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2018
SAN MARINO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2018
SAN GABRIEL Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$1,342,500 $772 34 35
$1,310,000 $690 43 34
2.48% 11.99% -20.93% 2.94%
$884,000 $542 13 31
$861,500 $578 18 52
2.61% -6.11% -27.78% -40.38%
“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 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$630,000 $452 106 40
$610,000 $417 123 38
3.28% 8.41% -13.82% 5.26%
$479,000 $376 18 35
$405,000 $335 15 35
18.27% 12.34% 20.00% 0.00%
“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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coachella valley area
NEIGHBORHOOD FOCUS Q2 2018
SINGLE FAMILY HOMES
NEIGHBORHOOD
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Cathedral City North
132
$317,000
$182
Cathedral City South
46
$367,495
$221
Indian Wells
80
$1,050,000
$330
La Quinta No of HWY 111
57
$389,000
$187
La Quinta S.Of H
334
$611,000
$264
Palm Desert East
74
$429,950
$223
Palm Desert North
69
$424,000
$204
Palm Desert South
86
$678,500
$344
Palm Springs Central
82
$850,000
$433
Palm Springs North End
105
$455,000
$281
Palm Springs South End
116
$734,500
$356
Rancho Mirage
194
$666,250
$258
1,375
$581,058
$274
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 2018 — Q2 2017 SINGLE FAMILY HOMES 2017
2018
$1.1M
$825K
$550K
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
$275K
“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 2018
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coachella valley area
NEIGHBORHOOD FOCUS Q2 2018
CONDOMINIUM HOMES
NEIGHBORHOOD
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Cathedral City North
22
$154,500
$138
Cathedral City South
39
$198,000
$143
Indian Wells
34
$396,000
$234
La Quinta No of HWY 111
11
$217,500
$221
La Quinta S.Of H
77
$389,000
$202
Palm Desert East
164
$285,000
$182
Palm Desert North
121
$315,000
$196
Palm Desert South
78
$269,000
$198
105
$277,000
$235
Palm Springs North End
58
$130,000
$191
Palm Springs South End
195
$257,000
$201
Rancho Mirage
106
$312,500
$180
1,010
$266,708
$193
Palm Springs Central
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 2018
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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
Koerner House In Palm Springs
is a haven for design buffs, heat seekers, and the LGBT
A Mid-Century Modern marvel in Palm Springs,
community. From stylish boutique hotels and high-end
CA, designed by E. Stewart Williams, who
vintage shopping to the annual Modernism Week, the
was renowned for melding natural materials
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,
with modern design, is now on the market for $3.3 million. The well-preserved home was commissioned by Leon and Thea Koerner, lumber magnates from Vancouver, British Columbia, as a vacation escape.
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 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$317,000 $182 132 69
$285,500 $170 126 79
11.03% 7.25% 4.76% -12.66%
$154,500 $138 22 141
$125,000 $119 24 92
23.60% 15.07% -8.33% 53.26%
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$367,495 $221 46 72
$347,900 $202 52 65
5.63% 9.33% -11.54% 10.77%
$198,000 $143 39 82
$166,750 $129 46 102
18.74% 11.11% -15.22% -19.61%
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$1,050,000 $330 80 143
$750,000 $282 89 150
40.00% 17.15% -10.11% -4.67%
$396,000 $234 34 126
$365,000 $189 39 142
8.49% 23.66% -12.82% -11.27%
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$389,000 $187 57 57
$367,500 $182 50 65
5.85% 2.60% 14.00% -12.31%
$217,500 $221 11 55
$180,000 $195 11 82
20.83% 13.49% 0.00% -32.93%
LA QUINTA S. OF H Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2017
LA QUINTA NO OF HWY 111 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q2 2018
INDIAN WELLS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2018
CATHEDRAL CITY SOUTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$611,000 $264 334 105
$525,000 $243 330 110
16.38% 8.63% 1.21% -4.55%
$389,000 $202 77 96
$380,000 $193 93 131
2.37% 4.82% -17.20% -26.72%
“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 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$429,950 $223 74 91
$393,000 $201 95 100
9.40% 10.61% -22.11% -9.00%
$285,000 $182 164 103
$250,000 $172 149 100
14.00% 5.83% 10.07% 3.00%
PALM DESERT NORTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$424,000 $204 69 81
$399,000 $194 78 91
6.27% 5.10% -11.54% -10.99%
$315,000 $196 121 69
$277,000 $169 89 137
13.72% 16.27% 35.96% -49.64%
SFR Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$678,500 $344 86 103
$510,000 $296 63 98
33.04% 16.19% 36.51% 5.10%
$269,000 $198 78 86
$259,900 $199 83 128
3.50% -0.73% -6.02% -32.81%
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$850,000 $433 82 67
$745,000 $380 94 95
14.09% 13.96% -12.77% -29.47%
$277,000 $235 105 71
$237,500 $216 96 83
16.63% 8.70% 9.38% -14.46%
PALM SPRINGS NORTH END Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2018
PALM SPRINGS CENTRAL Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2018
PALM DESERT SOUTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$455,000 $281 105 72
$415,000 $264 129 72
9.64% 6.69% -18.60% 0.00%
$130,000 $191 58 57
$125,000 $172 49 78
4.00% 11.03% 18.37% -26.92%
“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 2018
deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: COACHELLA VALLEY AREA
PALM SPRINGS SOUTH END Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$734,500 $356 116 81
$700,000 $338 117 85
4.93% 5.31% -0.85% -4.71%
$257,000 $201 195 68
$237,525 $186 206 69
8.20% 7.62% -5.34% -1.45%
RANCHO MIRAGE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q2 2018
Q2 2017
% CHANGE
Q2 2018
Q2 2017
% CHANGE
$666,250 $258 194 104
$587,000 $238 176 118
13.50% 8.48% 10.23% -11.86%
$312,500 $180 106 93
$269,999 $161 124 102
15.74% 11.34% -14.52% -8.82%
“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 2018
deasypenner.com
WHAT’S NEW ON HOMEASART.COM
An Homage To Hollis Benton :: Curated By Aaron Moulton Hollis Benton was a Los Angeles based gallerist whose gallery and exhibitions helped define the visual culture of the 1980s. Curated by Aaron Moulton, Over the Influence Los Angeles’ latest exhibition pays homage to Benton with a stunning group show. In 1980, Benton opened his gallery on Rodeo Drive in Beverly Hills.
We share our passion for design on our blog
HomeAsArt.com Photography by Justin Juarez
The Market Report :: Q2 2018
Photography by Justin Juarez
deasypenner.com
An Architectural View Of The Walt Disney Concert Hall
The Art & Design Of Downtown’s Broad Art Museum
Designed by architect Frank Gehry,
Situated in the heart of Downtown
Walt Disney Concert Hall (WDCH)
Los Angeles, The Broad museum
is an internationally recognized
has become one of the city’s most
architectural landmark and one of
iconic architectural marvels. World-
the most acoustically sophisticated
renowned architectural firm Diller
concert halls in the world. From the
Scofidio + Renfro designed the
stainless steel curves of its striking
building with a “veil-and-vault”
exterior to the state-of-the-art
concept in mind. The vault houses
acoustics of the hardwood-paneled
pieces from the collection not on
main auditorium, the 3.6-acre...
display in the galleries.
Photography by Justin Juarez
The Market Report :: Q2 2018
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
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