deasy/penner Q2 2018 Market Analysis Report

Page 1

Q2 2018 MARKET REPORT

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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.

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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.

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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.

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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.

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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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