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Q3 2017 MARKET REPORT

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YOUR GUIDE TO MARKET PERFORMANCE & ANALYSIS


la county :: market snapshot SINGLE FAMILY HOMES

CONDOMINIUM HOMES

Data*

Q3 2017

Q3 2016

% Change

Median Price

$640,000

$590,975

$461

Properties Sold Days on Market

Avg. Price / Sq. Ft.

Data*

Q3 2017

Q3 2016

% Change

8.30%

Median Price

$475,000

$445,000

6.74%

$429

7.49%

Avg. Price / Sq. Ft.

$443

$413

7.29%

13,607

13,768

-1.17%

Properties Sold

5,044

4,875

3.47%

40

53

-24.53%

Days on Market

39

52

-25.00%

MEDIAN PRICE

MEDIAN PRICE

$640,000

$475,000

vs Q3 2016

+8%

$590,975

DAYS ON THE MARKET

+7%

$445,000

PROPERTIES SOLD

40

53

Q3 2017

Q3 2016

DAYS

vs Q3 2016

5,044

4,875

Q3 2017

Q3 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 :: Q3 2017

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EXPLORE YOUR NEIGHBORHOOD


los angeles area NEIGHBORHOOD FOCUS Q3 2017 NEIGHBORHOOD

SINGLE FAMILY HOMES

# OF SALES

MED. SALE PRICE

AVG. $ / SQ. FT.

Baldwin Hills

NA

NA

NA

Beverly Hills

34

$4,612,500

$1,442

Beverly Hills PO

46

$2,770,000

$872

Beverlywood

37

$1,200,000

$762

Beverly Center - Miracle

54

$1,587,500

$781

Brentwood

70

$2,827,500

$1,084

Cheviot Hills - Rancho Park

22

$1,800,875

$911

Culver City

72

$1,200,250

$849

Downtown LA

25

$350,000

$371

Hancock Park - Wilshire

76

$1,656,968

$721

Hollywood

27

$999,000

$664

Hollywood Hills East

43

$1,515,000

$660

Ladera Heights

19

$1,065,000

$426

3

$745,000

$425

54

$1,787,500

$730

Mid - Los Angeles

105

$747,293

$485

Silver Lake - Echo Park

108

$1,037,500

$719

90

$1,306,250

$612

117

$1,718,000

$854

6

$815,000

$440

Westwood - Century City

35

$2,039,998

$909

West Hollywood

38

$1,930,000

$1,107

West LA

39

$1,229,000

$817

1,120

$1,663,816

$756

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 :: Q3 2017

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The Market Report :: Q3 2017

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

Q3 2017 — Q3 2016 SINGLE FAMILY HOMES $6M

2017 2016

$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 Q3 2017 NEIGHBORHOOD

CONDOMINIUM HOMES

# OF SALES

MED. SALE PRICE

AVG. $ / SQ. FT.

Baldwin Hills

NA

NA

NA

Beverly Hills

32

$1,267,000

$728

Beverly Hills PO

NA

NA

NA

9

$687,000

$594

Beverly Center - Miracle

31

$730,018

$642

Brentwood

54

$907,500

$655

Cheviot Hills - Rancho Park

NA

NA

NA

Culver City

55

$578,000

$547

132

$620,000

$718

Hancock Park - Wilshire

44

$675,000

$516

Hollywood

27

$700,000

$550

Hollywood Hills East

14

$525,500

$480

2

$554,450

$390

NA

NA

NA

Los Feliz

8

$595,000

$603

Mid - Los Angeles

6

$545,000

$323

Silver Lake - Echo Park

20

$805,000

$525

Studio City

80

$662,500

$484

Sunset Strip - HH West

28

$548,000

$689

View Park

NA

NA

NA

Westwood - Century City

130

$883,000

$668

West Hollywood

100

$713,500

$676

47

$812,000

$615

819

$711,582

$578

Beverlywood

Downtown LA

Ladera Heights Leimert Park

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 :: Q3 2017

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The Market Report :: Q3 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

Q3 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

BEL-AIR :: HOLMBY HILLS Affluent doesn’t even begin to describe these two

surroundings and panoramic sweeping views of

Picture-Perfect 1959 Edward Fickett On Mulholland Asks $2.5M

the entire LA Basin. Filled with mega mansions and

Right on Mulholland Drive in Bel Air sits this

exclusive neighborhoods that offer lush hillside

sprawling estates that regularly fetch eight-figure sums, Bel-Air (including the gated Bel-Air Crest) and

dazzling mid-century house by architect Edward Fickett, looking like something ripped from the pages of a coffee table book about the highly...

Holmby Hills are home to countless celebs, industry execs, and yup, even the Playboy Mansion. In addition to architecturally significant properties from A. Quincy Jones, Richard Neutra, and Wallace Neff, there are stunning contemporary constructions from XTEN Architecture, Quinn Architects, and McClean Design, among others. Locals enjoy taking in performances at nearby UCLA’s Royce Hall, descending into Brentwood for steaks at Baltaire and pasta at Toscana, and strolling

View more on our blog

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the idyllic grounds of the 12-acre Hotel Bel-Air where you’ll find swans in the lake and A-listers in the bar.

The Market Report :: Q3 2017

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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA

BALDWIN HILLS

SFR

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

NA NA NA NA

$988,000 $342 2 11

NA NA NA NA

NA NA NA NA

$388,000 $380 1 66

NA NA NA NA

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

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

SFR Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$4,612,500 $1,442 34 65

$5,162,780 $1,394 29 73

-10.66% 3.45% 17.24% -10.96%

$1,267,000 $728 32 64

$1,217,000 $688 24 62

4.11% 5.75% 33.33% 3.23%

SFR Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$2,770,000 $872 46 95

$2,500,000 $835 41 80

10.80% 4.37% 12.20% 18.75%

NA NA NA NA

NA NA NA NA

NA NA NA NA

SFR

CONDO

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$1,200,000 $762 37 33

$1,250,000 $705 73 59

-4.00% 8.09% -49.32% -44.07%

$687,000 $594 9 44

$778,000 $541 15 35

-11.70% 9.67% -40.00% 25.71%

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

CONDO

Q3 2017

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

CONDO

Q3 2017

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

CONDO

SFR

CONDO

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$1,587,500 $781 54 47

$1,610,000 $753 51 60

-1.40% 3.76% 5.88% -21.67%

$730,018 $642 31 53

$837,500 $573 38 92

-12.83% 12.04% -18.42% -42.39%

“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 :: Q3 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

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$2,827,500 $1,084 70 64

$2,510,000 $973 71 71

12.65% 11.41% -1.41% -9.86%

$907,500 $655 54 39

$800,000 $622 63 43

13.44% 5.34% -14.29% -9.30%

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

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$1,800,875 $911 22 36

$2,095,000 $787 31 52

-14.04% 15.75% -29.03% -30.77%

NA NA NA NA

NA NA NA NA

NA NA NA NA

SFR

CONDO

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$1,200,250 $849 72 29

$1,150,500 $739 81 54

4.32% 14.99% -11.11% -46.30%

$578,000 $547 55 31

$482,000 $482 58 28

19.92% 13.66% -5.17% 10.71%

SFR

CONDO

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$350,000 $371 25 83

$310,000 $266 22 71

12.90% 39.36% 13.64% 16.90%

$620,000 $718 132 61

$545,000 $580 109 64

13.76% 23.96% 21.10% -4.69%

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

CONDO

Q3 2016

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

SFR

Q3 2017

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

CONDO

SFR

CONDO

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$1,656,968 $721 76 57

$1,380,000 $675 79 56

20.07% 6.81% -3.80% 1.79%

$675,000 $516 44 55

$582,500 $498 63 54

15.88% 3.62% -30.16% 1.85%

“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 :: Q3 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

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$999,000 $664 27 58

$869,000 $627 21 48

14.96% 5.92% 28.57% 20.83%

$700,000 $550 27 61

$700,000 $535 26 76

0.00% 2.80% 3.85% -19.74%

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

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$1,515,000 $660 43 69

$1,565,000 $700 24 63

-3.19% -5.69% 79.17% 9.52%

$525,500 $480 14 58

$565,000 $433 9 32

-6.99% 10.88% 55.56% 81.25%

SFR

CONDO

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$1,065,000 $426 19 56

$950,000 $390 13 69

12.11% 9.07% 46.15% -18.84%

$554,450 $390 2 29

$495,500 $381 2 62

11.90% 2.42% 0.00% -53.23%

SFR

CONDO

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$745,000 $425 3 19

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

Q3 2016

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

SFR

Q3 2017

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

CONDO

SFR

CONDO

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$1,787,500 $730 54 54

$1,472,500 $711 54 52

21.39% 2.79% 0.00% 3.85%

$595,000 $603 8 79

$600,000 $600 10 54

-0.83% 0.49% -20.00% 46.30%

“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 :: Q3 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

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$747,293 $485 105 37

$640,000 $435 115 52

16.76% 11.58% -8.70% -28.85%

$545,000 $323 6 30

$442,000 $397 7 58

23.30% -18.75% -14.29% -48.28%

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

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$1,037,500 $719 108 41

$875,000 $681 107 47

18.57% 5.55% 0.93% -12.77%

$805,000 $525 20 45

$639,500 $517 28 49

25.88% 1.60% -28.57% -8.16%

SFR

CONDO

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$1,306,250 $612 90 54

$1,505,000 $635 97 56

-13.21% -3.61% -7.22% -3.57%

$662,500 $484 80 41

$570,000 $427 71 55

16.23% 13.47% 12.68% -25.45%

SFR

CONDO

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$1,718,000 $854 117 64

$1,783,570 $855 111 76

-3.68% -0.02% 5.41% -15.79%

$548,000 $689 28 43

$533,750 $598 32 65

2.67% 15.26% -12.50% -33.85%

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

CONDO

Q3 2016

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

SFR

Q3 2017

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

CONDO

SFR

CONDO

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$815,000 $440 6 26

$532,500 $313 2 11

53.05% 40.53% 200.00% 136.36%

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 :: Q3 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

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$2,039,998 $909 35 49

$1,650,000 $882 45 55

23.64% 3.01% -22.22% -10.91%

$883,000 $668 130 52

$785,500 $618 154 73

12.41% 8.03% -15.58% -28.77%

SFR

CONDO

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$1,930,000 $1,107 38 51

$1,465,000 $903 37 55

31.74% 22.64% 2.70% -7.27%

$713,500 $676 100 50

$695,000 $656 109 46

2.66% 2.95% -8.26% 8.70%

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

CONDO

Q3 2017

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

SFR

SFR

CONDO

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$1,229,000 $817 39 34

$937,500 $758 30 51

31.09% 7.72% 30.00% -33.33%

$812,000 $615 47 29

$775,000 $548 61 41

4.77% 12.31% -22.95% -29.27%

“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.

The Market Report :: Q3 2017

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westside la area

NEIGHBORHOOD FOCUS Q3 2017 NEIGHBORHOOD

SINGLE FAMILY HOMES

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Malibu Beach

12

$7,500,000

$2,599

Malibu

56

$2,825,000

$1,031

Marina Del Rey

27

$1,280,000

$804

Pacific Palisades

74

$3,212,500

$1,128

Palms - Mar Vista

87

$1,525,000

$850

Playa Vista

10

$2,187,500

$711

Santa Monica

60

$2,766,500

$1,221

Venice

56

$2,115,000

$1,194

382

$2,926,438

$1,192

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 :: Q3 2017

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westside la area

PROPERTIES SOLD Q3 2017

SINGLE FAMILY HOMES

87 74 56 Malibu

Santa Monica

Pacific Palisades

Palms – Mar Vista

60 56

12

10 Playa Vista

Malibu Beach

Marina del Rey

Venice

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.

The Market Report :: Q3 2017

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westside la area

NEIGHBORHOOD FOCUS Q3 2017 NEIGHBORHOOD

CONDOMINIUM HOMES

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Malibu Beach

4

$742,500

$1,346

Malibu

9

$710,000

$734

Marina Del Rey

84

$900,495

$663

Pacific Palisades

20

$1,262,500

$641

Palms - Mar Vista

38

$671,000

$593

Playa Vista

39

$1,070,000

$688

124

$1,085,000

$939

8

$1,212,000

$946

326

$956,687

$819

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 :: Q3 2017

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westside la area

PROPERTIES SOLD CHANGE Q2 2017 — Q2 2016

CONDOMINIUM HOMES 2016

2017

+3%

% Change

120

0%

90

+9%

60

+39%

-5% 30

0% 0

Malibu Beach

-36%

Malibu

-20%

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.

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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

Santa Monica Cottage Asking $3.4M

to bohemians, artists, families, and other residents

This Santa Monica Canyon cottage has a

who appreciate the unpretentious attitude of the

wonderful, raw look about it, with its vaulted

neighborhood. Lying just north of Santa Monica, the

ceilings, exposed beams, and contrasting

Canyon is known for its rustic beauty, Hollywood history, and architectural gems from Lloyd Wright, Richard Neutra, Craig Ellwood, Ray Kappe, and Moore Ruble

white walls. Built in the 1920s, the open and airy cottage has Douglas fir floors and beautiful French doors. There are also high-end appliances and finishes, lest anyone forget this is Santa Monica.

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 :: Q3 2017

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MARKET PERFORMANCE BY NEIGHBORHOOD :: WESTSIDE AREA

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

SFR

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$7,500,000 $2,599 12 178

$5,400,000 $1,853 19 150

38.89% 40.25% -36.84% 18.67%

$742,500 $1,346 4 171

$747,000 $997 4 329

-0.60% 34.95% 0.00% -48.02%

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

SFR Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$2,825,000 $1,031 56 150

$2,400,000 $911 51 168

17.71% 13.13% 9.80% -10.71%

$710,000 $734 9 54

$1,327,500 $768 14 80

-46.52% -4.45% -35.71% -32.50%

SFR Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$1,280,000 $804 27 49

$1,200,000 $795 9 48

6.67% 1.22% 200.00% 2.08%

$900,495 $663 84 46

$890,000 $616 84 62

1.18% 7.64% 0.00% -25.81%

SFR

CONDO

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$3,212,500 $1,128 74 64

$2,759,535 $1,083 75 57

16.41% 4.18% -1.33% 12.28%

$1,262,500 $641 20 26

$895,000 $668 21 47

41.06% -4.03% -4.76% -44.68%

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

CONDO

Q3 2017

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

CONDO

Q3 2017

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

CONDO

SFR

CONDO

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$1,525,000 $850 87 30

$1,419,500 $804 94 52

7.43% 5.72% -7.45% -42.31%

$671,000 $593 38 25

$665,800 $531 35 41

0.78% 11.68% 8.57% -39.02%

“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 Q3 2017

Q3 2016

% CHANGE

Q2 2017

Q3 2016

% CHANGE

$2,187,500 $711 10 82

$1,900,000 $796 3 72

15.13% -10.72% 233.33% 13.89%

$1,070,000 $688 39 36

$835,500 $638 28 38

28.07% 7.80% 39.29% -5.26%

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

SFR

CONDO

Q3 2017

Q3 2016

% CHANGE

Q2 2017

Q3 2016

% CHANGE

$2,766,500 $1,221 60 43

$2,380,000 $1,111 61 52

16.24% 9.86% -1.64% -17.31%

$1,085,000 $939 124 30

$954,500 $834 120 47

13.67% 12.67% 3.33% -36.17%

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

CONDO

SFR

CONDO

Q3 2017

Q3 2016

% CHANGE

Q2 2017

Q3 2016

% CHANGE

$2,115,000 $1,194 56 50

$1,877,908 $1,082 60 34

12.63% 10.35% -6.67% 47.06%

$1,212,000 $946 8 38

$1,304,500 $833 10 38

-7.09% 13.62% -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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pasadena + san gabriel valley area

NEIGHBORHOOD FOCUS Q3 2017 NEIGHBORHOOD

SINGLE FAMILY HOMES

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

55

$690,000

$489

121

$1,315,000

$548

Altadena

97

$845,000

$524

Bradbury

7

$1,637,000

$584

59

$899,000

$594

140

$625,000

$383

94

$713,500

$627

104

$819,250

$557

La Cañada Flintridge

65

$1,690,000

$683

Monrovia

62

$742,980

$469

Mount Washington

37

$850,800

$646

Pasadena NE

122

$902,500

$539

Pasadena NW

44

$820,250

$586

Pasadena SE

65

$1,069,000

$623

Pasadena SW

30

$1,326,500

$643

Rosemead / South San Gabriel

61

$585,000

$450

San Gabriel

74

$799,000

$503

San Marino

38

$2,140,500

$866

Sierra Madre

27

$1,100,000

$523

South Pasadena

36

$1,486,250

$695

Sunland / Tujunga

108

$580,000

$427

TOTAL/AVERAGE

1,446

$1,030,311

$569

Alhambra Arcadia

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 Q3 2017 NEIGHBORHOOD

CONDOMINIUM HOMES

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Alhambra

55

$521,000

$425

Arcadia

45

$628,000

$420

Altadena

1

$440,000

$529

Bradbury

NA

NA

NA

5

$490,000

$431

19

$490,000

$316

6

$408,619

$415

31

$550,000

$425

3

$1,005,000

$486

Monrovia

27

$465,000

$371

Mount Washington

NA

NA

NA

Pasadena NE

21

$510,000

$453

Pasadena NW

18

$675,000

$496

Pasadena SE

98

$583,500

$516

Pasadena SW

43

$725,000

$542

Rosemead / South San Gabriel

11

$460,000

$367

San Gabriel

22

$621,440

$407

San Marino

NA

NA

NA

2

$815,000

$453

South Pasadena

17

$795,000

$586

Sunland / Tujunga

17

$440,000

$352

TOTAL/AVERAGE

441

$624,856

$470

Eagle Rock Glendora Highland Park La Crescenta / Glendale 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

Q3 2017 CONDOMINIUM HOMES 120

37

38

34

Sunland / Tujunga

24

San Marino

Pasadena SW

Pasadena SE

26

Sierra Madre

32

Rosemead / South San Gabriel

33

Pasadena NE

La Crescenta / Glendale

Highland Park

Glendora

Eagle Rock

Bradbury

Altadena

Arcadia

Alhambra

La Cañada Flintridge

27

24

41

Mount Washington

35

Monrovia

32

San Gabriel

48 34

56

South Pasadena

51

Pasadena NW

50

“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 :: Q3 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

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$690,000 $489 55 27

$628,250 $435 68 48

9.83% 12.40% -19.12% -43.75%

$521,000 $425 55 24

$488,000 $364 43 57

6.76% 16.78% 27.91% -57.89%

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

SFR Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$1,315,000 $548 121 44

$1,287,400 $540 127 59

2.14% 1.36% -4.72% -25.42%

$628,000 $420 45 32

$615,000 $412 63 72

2.11% 2.13% -28.57% -55.56%

SFR

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

CONDO

Q2 2017

Q3 2016

% CHANGE

Q2 2017

Q3 2016

% CHANGE

$845,000 $524 97 36

$739,500 $468 120 52

14.27% 12.11% -19.17% -30.77%

$440,000 $529 1 50

NA NA NA NA

NA NA NA NA

BRADBURY

SFR

CONDO

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$1,637,000 $584 7 81

$1,221,500 $596 4 38

34.02% -1.98% 75.00% 113.16%

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

Q3 2017

ALTADENA

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

CONDO

SFR

CONDO

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$899,000 $594 59 43

$749,000 $567 53 43

20.03% 4.69% 11.32% 0.00%

$490,000 $431 5 120

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.

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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA

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

SFR Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$625,000 $383 140 40

$595,000 $375 133 58

5.04% 1.94% 5.26% -31.03%

$490,000 $316 19 34

$465,250 $288 22 65

5.32% 9.55% -13.64% -47.69%

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

SFR Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$713,500 $627 94 36

$676,500 $554 68 45

5.47% 13.04% 38.24% -20.00%

$408,619 $415 6 48

$348,000 $438 9 27

17.42% -5.37% -33.33% 77.78%

CONDO

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$819,250 $557 104 40

$800,320 $506 117 48

2.37% 10.14% -11.11% -16.67%

$550,000 $425 31 35

$530,000 $399 34 48

3.77% 6.47% -8.82% -27.08%

SFR

CONDO

Q3 2017

Q2 2016

% CHANGE

Q3 2017

Q2 2016

% CHANGE

$1,690,000 $683 65 56

$1,594,500 $613 69 43

5.99% 11.47% -5.80% 30.23%

$1,005,000 $486 3 27

$842,000 $404 1 0

19.36% 20.33% 200.00% 0.00%

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

SFR

Q3 2017

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

CONDO

Q3 2017

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

CONDO

SFR

CONDO

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$742,980 $469 62 25

$636,500 $436 66 35

16.73% 7.46% -6.06% -28.57%

$465,000 $371 27 33

$425,000 $350 14 35

9.41% 6.09% 92.86% -5.71%

“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

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$850,800 $646 37 30

$710,000 $489 32 65

19.83% 32.12% 15.63% -53.85%

NA NA NA NA

NA NA NA NA

NA NA NA NA

SFR Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$902,500 $539 122 40

$793,000 $499 138 46

13.81% 8.09% -11.59% -13.04%

$510,000 $453 21 32

$546,000 $411 21 41

-6.59% 10.19% 0.00% -21.95%

SFR Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$820,250 $586 44 40

$839,900 $546 51 44

-2.34% 7.20% -13.73% -9.09%

$675,000 $496 18 41

$455,000 $384 3 87

48.35% 29.17% 500.00% -52.87%

SFR

CONDO

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$1,069,000 $623 65 46

$858,000 $581 55 45

24.59% 7.26% 18.18% 2.22%

$583,500 $516 98 51

$526,500 $462 102 44

10.83% 11.78% -3.92% 15.91%

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

CONDO

Q3 2017

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

CONDO

Q3 2017

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

CONDO

Q3 2017

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

SFR

SFR

CONDO

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$1,326,500 $643 30 55

$1,382,500 $667 28 59

-4.05% -3.61% 7.14% -6.78%

$725,000 $542 43 56

$770,000 $496 39 46

-5.84% 9.30% 10.26% 21.74%

“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.

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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

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$585,000 $450 61 30

$532,500 $410 58 54

9.86% 9.84% 5.17% -44.44%

$460,000 $367 11 26

$459,000 $291 8 36

0.22% 25.94% 37.50% -27.78%

SFR Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$799,000 $503 74 33

$684,500 $481 67 50

16.73% 4.66% 10.45% -34.00%

$621,440 $407 22 38

$502,000 $375 17 57

23.79% 8.60% 29.41% -33.33%

SFR Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$2,140,500 $866 38 40

$2,075,000 $851 38 50

3.16% 1.83% 0.00% -20.00%

NA NA NA NA

NA NA NA NA

NA NA NA NA

SFR

CONDO

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$1,100,000 $523 27 37

$1,006,000 $542 29 50

9.34% -3.54% -6.90% -26.00%

$815,000 $453 2 24

$580,000 $443 6 55

40.52% 2.26% -66.67% -56.36%

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

CONDO

Q3 2017

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

CONDO

Q3 2017

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

CONDO

Q3 2017

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

SFR

SFR

CONDO

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$1,486,250 $695 36 32

$1,200,000 $630 43 31

23.85% 10.46% -16.28% 3.23%

$795,000 $586 17 37

$555,000 $508 17 43

43.24% 15.32% 0.00% -13.95%

“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

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$580,000 $427 108 40

$555,000 $390 123 51

4.50% 9.37% -12.20% -21.57%

$440,000 $352 17 34

$387,000 $314 13 44

13.70% 12.21% 30.77% -22.73%

“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 Q3 2017

SINGLE FAMILY HOMES

NEIGHBORHOOD

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Cathedral City North

104

$301,000

$168

Cathedral City South

63

$335,000

$167

Indian Wells

46

$699,500

$281

La Quinta No of HWY 111

42

$368,750

$177

La Quinta S.Of H

245

$493,800

$228

Palm Desert East

79

$355,000

$200

Palm Desert North

49

$387,000

$204

Palm Desert South

41

$540,000

$249

Palm Springs Central

57

$677,000

$396

Palm Springs North End

92

$470,500

$276

Palm Springs South End

83

$699,000

$326

130

$576,250

$238

1,031

$491,900

$242

Rancho Mirage TOTAL/AVERAGE

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

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coachella valley area

MEDIAN PRICE

Q3 2017 — Q3 2016 SINGLE FAMILY HOMES $800K

2016

2017

$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.

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coachella valley area

NEIGHBORHOOD FOCUS Q3 2017

CONDOMINIUM HOMES

NEIGHBORHOOD

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Cathedral City North

23

$134,900

$122

Cathedral City South

28

$146,750

$122

Indian Wells

16

$372,500

$196

7

$205,000

$207

La Quinta S.Of H

45

$335,000

$186

Palm Desert East

102

$255,000

$177

Palm Desert North

57

$255,000

$181

Palm Desert South

50

$265,000

$193

Palm Springs Central

71

$203,000

$199

Palm Springs North End

55

$115,000

$178

Palm Springs South End

138

$229,000

$199

86

$284,995

$163

678

$233,429

$177

La Quinta No of HWY 111

Rancho Mirage TOTAL/AVERAGE

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

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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

Palm Springs Architectural History, $1.75M

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

As one of the architects whose work would

community. From stylish boutique hotels and high-end

define the look of Palm Springs architecture,

vintage shopping to the annual Modernism Week, the

the role of Donald Wexler (1926-2015) in

desert city is practically a living museum of twentieth

bringing Mid-century Modernism to the desert cannot be underestimated.

century architecture. You’ll find homes by Richard Neutra, William F. Cody, Albert Frey, A. Quincy Jones, 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

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$301,000 $168 104 62

$274,000 $157 110 90

9.85% 7.21% -5.45% -31.11%

$134,900 $122 23 105

$120,000 $110 21 162

12.42% 10.96% 9.52% -35.19%

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$335,000 $167 63 101

$300,000 $177 49 86

11.67% -5.49% 28.57% 17.44%

$146,750 $122 28 105

$161,500 $124 17 103

-9.13% -1.15% 64.71% 1.94%

SFR

CONDO

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$699,500 $281 46 102

$800,000 $293 40 134

-12.56% -4.32% 15.00% -23.88%

$372,500 $196 16 117

$318,400 $172 7 106

16.99% 14.26% 128.57% 10.38%

SFR

CONDO

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$368,750 $177 42 86

$362,500 $169 58 95

1.72% 4.46% -27.59% -9.47%

$205,000 $207 7 139

$198,000 $185 8 138

3.54% 11.61% -12.50% 0.72%

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

CONDO

Q3 2016

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

SFR

Q3 2017

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

CONDO

Q3 2017

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

SFR

SFR

CONDO

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$493,800 $228 245 117

$452,500 $224 214 125

9.13% 1.87% 14.49% -6.40%

$335,000 $186 45 100

$330,000 $181 55 143

1.52% 3.06% -18.18% -30.07%

“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

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$355,000 $200 79 118

$341,000 $192 71 140

4.11% 4.19% 11.27% -15.71%

$255,000 $177 102 126

$246,500 $164 99 131

3.45% 7.58% 3.03% -3.82%

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

SFR

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$387,000 $204 49 98

$376,500 $186 54 117

2.79% 9.53% -9.26% -16.24%

$255,000 $181 57 127

$228,465 $158 49 101

11.61% 14.85% 16.33% 25.74%

SFR Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$540,000 $249 41 114

$500,000 $263 43 129

8.00% -5.12% -4.65% -11.63%

$265,000 $193 50 105

$219,500 $175 39 138

20.73% 9.86% 28.21% -23.91%

SFR

CONDO

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$677,000 $396 57 91

$635,000 $350 77 110

6.61% 13.37% -25.97% -17.27%

$203,000 $199 71 115

$235,000 $206 67 96

-13.62% -3.61% 5.97% 19.79%

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

CONDO

Q3 2017

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

CONDO

Q3 2017

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

CONDO

SFR

CONDO

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$470,500 $276 92 78

$382,000 $236 103 87

23.17% 16.66% -10.68% -10.34%

$115,000 $178 55 91

$123,000 $172 40 79

-6.50% 3.31% 37.50% 15.19%

“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 :: Q3 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

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$699,000 $326 83 107

$634,000 $313 90 105

10.25% 4.19% -7.78% 1.90%

$229,000 $199 138 91

$215,000 $179 122 127

6.51% 11.61% 13.11% -28.35%

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

SFR

SFR

CONDO

Q3 2017

Q3 2016

% CHANGE

Q3 2017

Q3 2016

% CHANGE

$576,250 $238 130 126

$535,500 $229 112 133

7.61% 3.65% 16.07% -5.26%

$284,995 $163 86 107

$245,000 $150 71 137

16.32% 9.07% 21.13% -21.90%

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

The Market Report :: Q3 2017

deasypenner.com


WHAT’S NEW ON HOMEASART.COM


An Architectural View Of The Greystone Mansion This Beverly Hills estate, also known as the Doheny Mansion, was designed by Architect Gordon Kaufmann in 1928. The estate was a gift from oil tycoon Edward L. Doheny to his son, Edward “Ned” Doheny Jr., and his family. Department of Community Services – Recreation and Parks Division.

We share our passion for design on our blog

HomeAsArt.com Photography by Justin Juarez

The Market Report :: Q3 2017

Photography by Justin Juarez

deasypenner.com


The Art & Design of the HollyHock House

A Look at the Hammer Museum in Westwood

This week, we tour Frank Lloyd

Completed in 1931 by Allison &

Wright’s Hollyhock House – the

Allison, the Edison Building was one

first house he designed in Los

of the first all-electrically heated and

Angeles. Built in the early 1920’s for

cooled buildings constructed in the

bohemian oil heiress Aline Barnsdall,

western United States. Located on

this stunning house reopened to

the corner of 5th Street and Grand

the public in 2015 after a five-year

Avenue in Downtown LA’s Financial

restoration.

District, the fourteen-story, steelframed building follows a classically inspired Art Deco design.

Photography by Justin Juarez

The Market Report :: Q3 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 Q3 2017 Market Analysis Report  

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