deasy/penner&partners
Q3 MARKET REPORT
YOUR GUIDE TO MARKET PERFORMANCE & ANALYSIS
la county :: market snapshot SINGLE FAMILY HOMES
CONDOMINIUM HOMES
Data*
Q3 2016
Q3 2015
% Change
Data*
Q3 2016
Q3 2015
% Change
Median Price
$590,000
$550,000
7.27%
Median Price
$442,000
$415,000
6.51%
$441
$404
8.99%
Avg. Price / Sq. Ft.
$413
$387
6.74%
Properties Sold
13,872
13,949
-0.55%
Properties Sold
4,845
5,060
-4.25%
Days on Market
53
54
-1.85%
Days on Market
53
56
-5.36%
Avg. Price / Sq. Ft.
MEDIAN PRICE
MEDIAN PRICE
$590,000
$442,000
vs Q3 2015
+7%
$550,000
DAYS ON THE MARKET
vs Q3 2015
+7%
$415,000
PROPERTIES SOLD 5,060
53
54
4,845
Q3 2016
Q3 2015
Q3 2016
DAYS
DAYS
Q3 2015
“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 2016
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EXPLORE YOUR NEIGHBORHOOD
los angeles area NEIGHBORHOOD FOCUS Q3 2016 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
MED. SALE PRICE
AVG. $ / SQ. FT.
Baldwin Hills
2
$988,000
$342
Beverly Hills
29
$5,162,780
$1,403
Beverly Hills PO
41
$2,500,000
$835
Beverlywood
73
$1,250,000
$705
Beverly Center - Miracle
50
$1,611,920
$755
Brentwood
70
$2,505,000
$971
Cheviot Hills - Rancho Park
31
$2,095,000
$787
Culver City
81
$1,150,500
$739
Downtown LA
23
$320,000
$267
Hancock Park - Wilshire
78
$1,404,975
$675
Hollywood
22
$864,500
$605
Hollywood Hills East
24
$1,565,000
$700
Ladera Heights
13
$950,000
$390
Leimert Park
NA
NA
NA
Los Feliz
53
$1,485,000
$711
Mid - Los Angeles
115
$640,000
$435
Silver Lake - Echo Park
107
$875,000
$681
99
$1,505,000
$629
111
$1,799,000
$851
2
$532,500
$313
Westwood - Century City
45
$1,650,000
$916
West Hollywood
37
$1,465,000
$903
West LA
30
$937,500
$747
1,136
$1,511,667
$698
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 2016
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los angeles area
MEDIAN PRICE CHANGE
Q3 2016 — Q3 2015 SINGLE FAMILY HOMES Baldwin Hills
67%
Hollywood Hills East
28%
Beverly Hills
3%
Ladera Heights
-1%
Beverly Hills PO
-1%
Leimert Park
NA
Beverlywood
5%
Los Feliz
7%
Beverly Center - Miracle
-1%
Mid - Los Angeles
16%
Brentwood
-10%
Silver Lake - Echo Park
13%
Cheviot Hills - Rancho Park
13%
Studio City
8%
Culver City
11%
Sunset Strip - HH West
14%
Downtown LA
14%
View Park
-39%
Hancock Park - Wilshire
-7%
Westwood - Century City
NA%
Hollywood
11%
West Hollywood
10%
West LA
-6%
“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 2016
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los angeles area NEIGHBORHOOD FOCUS Q3 2016 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
MED. SALE PRICE
AVG. $ / SQ. FT.
Baldwin Hills
NA
NA
NA
Beverly Hills
24
$1,217,000
$688
Beverly Hills PO
NA
NA
NA
Beverlywood
14
$749,000
$541
Beverly Center - Miracle
37
$820,000
$570
Brentwood
63
$800,000
$622
Cheviot Hills - Rancho Park
NA
NA
NA
Culver City
57
$483,000
$481
108
$545,000
$581
Hancock Park - Wilshire
63
$582,500
$498
Hollywood
26
$700,000
$535
Hollywood Hills East
9
$565,000
$433
Ladera Heights
2
$495,500
$381
Leimert Park
NA
NA
NA
Los Feliz
10
$600,000
$600
5
$442,000
$393
Silver Lake - Echo Park
27
$639,000
$517
Studio City
71
$570,000
$427
Sunset Strip - HH West
32
$533,750
$598
View Park
NA
NA
NA
Westwood - Century City
151
$785,000
$619
West Hollywood
106
$693,250
$657
60
$774,000
$545
865
$666,333
$538
Downtown LA
Mid - Los Angeles
West LA TOTAL/AVERAGE
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q3 2016
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The Market Report :: Q3 2016 West LA
West Hollywood
Westwood - Century City
View Park
Sunset Strip - HH West
Studio City
Silver Lake - Echo Park
Mid - Los Angeles
Los Feliz
Leimert Park
Ladera Heights
Hollywood Hills East
Hollywood
Hancock Park - Wilshire
Downtown LA
Culver City
Cheviot Hills - Rancho Park
Brentwood
Beverly Center - Miracle
Beverlywood
Beverly Hills PO
Beverly Hills
Baldwin Hills
los angeles area
MEDIAN PRICE
Q3 2016 CONDOMINIUM HOMES
$1M
$750K
$500K
$250K
$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.
deasypenner.com
neighborhood spotlight
STUDIO CITY Countless celebrities, musicians, and industry types
proximity to the studios and L.A. proper — just over
An Architectural View of Edward H. Fickett’s Home in Fryman Estates
the hill via Laurel Canyon. Families appreciate the
Designed by architect Edward H. Fickett, FAIA,
reside in this Valley community thanks to a close
11 schools within Studio City, including the famed (and private) Harvard-Westlake and Campbell Hall,
this mid-century modern home was built in 1975 and beautifully bridges the aesthetic divide between structure and nature.
and various parks and recreation areas. Architectural standouts include Rudolph M. Schindler’s Goodwin House, Edward H. Fickett’s home in Fryman Estates, and the Tufeld Residence by Gregory Ain. There are lots of renovated Mid-Century offerings, along with Traditional two-story homes on quiet streets in the hills. Enter gastropub heaven at Black Market, enjoy some of the best sushi in L.A. at Sugarfish, shop for Heidi Merrick dresses at DARI, and do weekend brunch at
View more on our blog
HomeAsArt.com
iconic Joan’s on Third.
The Market Report :: Q3 2016
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
BALDWIN HILLS Q3 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$988,000 $342 2 11
SFR Q3 2015 $591,000 $303 3 43
BEVERLY HILLS Q3 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$5,162,780 $1,403 29 73
Q3 2015 $5,015,000 $1,304 40 90
Q3 2015
% CHANGE
67.17% 12.54% -33.33% -74.42%
NA NA NA NA
$388,000 $380 1 66
NA NA NA NA
CONDO
% CHANGE
Q3 2016
Q3 2015
% CHANGE
2.95% 7.56% -27.50% -18.89%
$1,217,000 $688 24 62
$1,135,000 $685 35 65
7.22% 0.45% -31.43% -4.62%
CONDO
Q3 2016
Q3 2015
% CHANGE
Q3 2016
Q3 2015
% CHANGE
$2,500,000 $835 41 80
$2,525,000 $910 43 84
-0.99% -8.26% -4.65% -4.76%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SFR
CONDO
Q3 2016
Q3 2015
% CHANGE
Q3 2016
Q3 2015
% CHANGE
$1,250,000 $705 73 59
$1,190,000 $700 61 29
5.04% 0.69% 19.67% 103.45%
$749,000 $541 14 38
$640,000 $497 15 37
17.03% 9.03% -6.67% 2.70%
BEVERLY CENTER :: MIRACLE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q3 2016
SFR
BEVERLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
SFR
BEVERLY HILLS PO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q3 2016
Q3 2015
% CHANGE
Q3 2016
Q3 2015
% CHANGE
$1,611,920 $755 50 60
$1,630,562 $753 46 49
-1.14% 0.27% 8.70% 22.45%
$820,000 $570 37 94
$752,500 $544 37 43
8.97% 4.83% 0.00% 118.60%
“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 2016
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
BRENTWOOD
SFR Q3 2016
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$2,505,000 $971 70 70
Q3 2015
% CHANGE
Q3 2016
Q2 2015
% CHANGE
-9.73% 4.87% 25.00% -5.41%
$800,000 $622 63 43
$733,000 $565 63 48
9.14% 10.05% 0.00% -10.42%
$2,775,000 $926 56 74
CHEVIOT HILLS :: RANCHO PARK Q3 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$2,095,000 $787 31 52
Q2 2015 $1,850,000 $785 25 39
CULVER CITY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
% CHANGE
Q3 2016
Q2 2015
% CHANGE
13.24% 0.32% 24.00% 33.33%
NA NA NA NA
NA NA NA NA
NA NA NA NA
CONDO
Q3 2016
Q2 2015
% CHANGE
Q3 2016
Q2 2015
% CHANGE
$1,150,500 $739 81 54
$1,035,000 $686 76 39
11.16% 7.62% 6.58% 38.46%
$483,000 $481 57 28
$447,000 $448 64 34
8.05% 7.22% -10.94% -17.65%
SFR
CONDO
Q3 2016
Q2 2015
% CHANGE
Q3 2016
Q2 2015
% CHANGE
$320,000 $267 23 69
$280,500 $265 33 52
14.08% 0.69% -30.30% 32.69%
$545,000 $581 108 63
$545,000 $575 118 59
0.00% 0.94% -8.47% 6.78%
HANCOCK PARK :: WILSHIRE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
DOWNTOWN LA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q3 2016
Q2 2015
% CHANGE
Q3 2016
Q2 2015
% CHANGE
$1,404,975 $675 78 55
$1,505,000 $650 59 52
-6.65% 3.81% 32.20% 5.77%
$582,500 $498 63 54
$547,500 $464 52 68
6.39% 7.24% 21.15% -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 :: Q3 2016
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
HOLLYWOOD
SFR Q3 2016
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$864,500 $605 22 82
Q3 2015 $781,445 $540 28 89
HOLLYWOOD HILLS EAST Q3 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,565,000 $700 24 63
Q3 2015 $1,221,500 $607 44 67
LADERA HEIGHTS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q3 2016
Q3 2015
% CHANGE
10.63% 11.98% -21.43% -7.87%
$700,000 $535 26 76
$699,900 $572 30 67
0.01% -6.43% -13.33% 13.43%
SFR
CONDO
% CHANGE
Q3 2016
Q3 2015
% CHANGE
28.12% 15.38% -45.45% -5.97%
$565,000 $433 9 32
$485,000 $473 7 47
16.49% -8.44% 28.57% -31.91%
CONDO
Q3 2016
Q3 2015
% CHANGE
Q3 2016
Q3 2015
% CHANGE
$950,000 $390 13 69
$963,315 $360 13 38
-1.38% 8.40% 0.00% 81.58%
$495,500 $381 2 62
$435,000 $322 1 9
13.91% 18.13% 100.00% 588.89%
SFR
CONDO
Q3 2016
Q3 2015
% CHANGE
Q3 2016
Q3 2015
% CHANGE
NA NA NA NA
$631,000 $302 1 78
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
% CHANGE
SFR
LEIMERT PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q3 2016
Q3 2015
% CHANGE
Q3 2016
Q3 2015
% CHANGE
$1,485,000 $711 53 51
$1,383,000 $664 69 49
7.38% 7.03% -23.19% 4.08%
$600,000 $600 10 54
$477,000 $526 8 30
25.79% 14.12% 25.00% 80.00%
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q3 2016
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
MID LOS ANGELES Q3 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$640,000 $435 115 51
SFR Q3 2015 $552,500 $364 124 40
SILVER LAKE :: ECHO PARK Q3 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$875,000 $681 107 51
Q3 2015 $775,500 $615 88 39
STUDIO CITY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q3 2016
Q3 2015
% CHANGE
15.84% 19.65% -7.26% 27.50%
$442,000 $393 5 55
$305,000 $295 3 38
44.92% 1 33.46% 66.67% 44.74%
SFR
CONDO
% CHANGE
Q3 2016
Q3 2015
% CHANGE
12.54% 10.66% 21.59% 30.77%
$639,000 $517 27 50
$635,000 $521 18 35
0.63% -0.74% 50.00% 42.86%
CONDO
Q3 2016
Q3 2015
% CHANGE
Q3 2016
Q3 2015
% CHANGE
$1,505,000 $629 99 59
$1,400,000 $608 109 53
7.50% 3.39% -9.17% 11.32%
$570,000 $427 71 55
$532,000 $407 62 57
7.14% 4.96% 14.52% -3.51%
SFR
CONDO
Q3 2016
Q3 2015
% CHANGE
Q3 2016
Q3 2015
% CHANGE
$1,799,000 $851 111 77
$1,580,000 $770 121 65
13.86% 10.51% -8.26% 18.46%
$533,750 $598 32 65
$527,500 $528 32 44
1.18% 13.11% 0.00% 47.73%
VIEW PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
SFR
SUNSET STRIP :: HH WEST Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q3 2016
Q3 2015
% CHANGE
Q3 2016
Q3 2015
% CHANGE
$532,500 $313 2 11
$870,000 $351 5 25
-38.79% -10.87% -60.00% -56.00%
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 2016
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
WESTWOOD :: CENTURY CITY Q3 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,650,000 $916 45 55
Q3 2015 $1,650,000 $811 52 36
WEST HOLLYWOOD Q3 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,465,000 $903 37 55
CONDO
% CHANGE
Q3 2016
Q3 2015
% CHANGE
0.00% 13.05% -13.46% 52.78%
$785,000 $619 151 73
$744,400 $587 170 63
5.45% 1 5.38% -11.18% 15.87%
SFR Q3 2015 $1,330,000 $917 30 49
WEST LA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
CONDO
% CHANGE
Q3 2016
Q3 2015
% CHANGE
10.15% -1.57% 23.33% 12.24%
$693,250 $657 106 45
$620,000 $607 105 57
11.81% 8.27% 0.95% -21.05%
SFR
CONDO
Q3 2016
Q3 2015
% CHANGE
Q3 2016
Q3 2015
% CHANGE
$937,500 $747 30 50
$1,000,500 $727 28 47
-6.30% 2.74% 7.14% 6.38%
$774,000 $545 60 41
$765,000 $511 43 46
1.18% 6.65% 39.53% -10.87%
“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 2016
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westside la area
NEIGHBORHOOD FOCUS Q3 2016 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Malibu Beach
19
$5,400,000
$1,853
Malibu
52
$2,400,000
$903
Marina Del Rey
9
$1,200,000
$795
Pacific Palisades
75
$2,759,535
$1,083
Palms - Mar Vista
93
$1,414,000
$801
3
$1,900,000
$796
Santa Monica
61
$2,380,000
$1,111
Venice
62
$1,877,908
$3,782
371
$2,490,206
$1,475
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 :: Q3 2016
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westside la area
PROPERTIES SOLD Q3 2016
SINGLE FAMILY HOMES
93 75
Venice
Pacific Palisades
Palms Mar Vista
62 61 19 9
3 Playa Vista
Marina del Rey
Malibu Beach
Malibu
Santa Monica
52
“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 2016
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westside la area
NEIGHBORHOOD FOCUS Q3 2016 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
4
$747,000
$997
Malibu
14
$1,327,500
$768
Marina Del Rey
84
$890,000
$616
Pacific Palisades
21
$895,000
$668
Palms - Mar Vista
35
$665,800
$531
Playa Vista
28
$835,500
$638
119
$959,000
$834
10
$1,304,500
$833
315
$953,038
$736
Malibu Beach
Santa Monica Venice TOTAL/AVERAGE
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q3 2016
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westside la area
PROPERTIES SOLD CHANGE Q3 2016 — Q3 2015
CONDOMINIUM HOMES 2016
2015
150
125
100
75
50
25
0
Malibu Beach
Malibu
Marina Del Rey
Pacific Palisades
Palms Mar Vista
Playa Vista
Santa Monica
Venice
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q3 2016
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neighborhood spotlight
SANTA MONICA Thanks to its perfect climate, stunning views of the Pacific, and Art Deco and Streamline Moderne buildings,
Santa Monica Turns Crosswalks Into Public Art
Santa Monica feels like a permanent vacation. Take in
The city of Santa Monica commissioned
eclectic concerts and nostalgic movies screenings on the
designs for its “Creative Crosswalks” project,
bustling pier, grab a steak at the historic dive bar Chez
a plan that will turn two major downtown
Jay, and shop for boho-chic threads at Planet Blue on Montana Avenue. Eco-conscious, bike-able, and familyfriendly, the local school district maintains eight public
intersections into temporary art displays. Designed to make walking safer and more appealing, the bright new crossings can be found on Second Street and Arizona Avenue, and Broadway and Ocean Avenue.
elementary schools, two middle and high schools, and top private schools such as Crossroads, New Roads, and Carlthorp, among others. Modern architects such as GrayMatter, Kanner Architects, and Michael Folonis Architects are based here and you’ll find plenty of Craftsman, Mediterranean Revival, Victorian, and MidCentury Modern homes in the area (along with the Photography by William Short
controversial Frank Gehry House). Don’t miss La Mesa Drive, a six-block street, lined with gems like the historic Strick House by Oscar Niemeyer.
The Market Report :: Q3 2016
View more on our blog
HomeAsArt.com
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MARKET PERFORMANCE BY NEIGHBORHOOD :: WESTSIDE AREA
MALIBU BEACH Q3 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$5,400,000 $1,853 19 150
SFR Q3 2015 $7,587,500 $2,239 12 105
MALIBU $2,400,000 $903 52 165
Q3 2015 $2,525,000 $840 39 92
MARINA DEL REY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q3 2015
% CHANGE
-28.83% -17.22% 58.33% 42.86%
$747,000 $997 4 329
$1,287,500 $1,078 8 133
-41.98% -7.49% -50.00% 147.37%
CONDO
% CHANGE
Q3 2016
Q3 2015
% CHANGE
-4.95% 7.50% 33.33% 79.35%
$1,327,500 $768 14 80
$720,000 $575 17 89
84.38% 33.61% -17.65% -10.11%
CONDO
Q3 2016
Q3 2015
% CHANGE
Q3 2016
Q3 2015
% CHANGE
$1,200,000 $795 9 48
$1,425,500 $877 14 31
-15.82% -9.43% -35.71% 54.84%
$890,000 $616 84 62
$863,000 $608 80 72
3.13% 1.35% 5.00% -13.89%
SFR
CONDO
Q3 2016
Q3 2015
% CHANGE
Q3 2016
Q3 2015
% CHANGE
$2,759,535 $1,083 75 57
$2,923,000 $1,042 72 59
-5.59% 3.98% 4.17% -3.39%
$895,000 $668 21 47
$995,000 $626 24 38
-10.05% 6.61% -12.50% 23.68%
PALMS :: MAR VISTA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q3 2016
SFR
PACIFIC PALISADES Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
SFR Q3 2016
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q3 2016
Q3 2015
% CHANGE
Q3 2016
Q3 2015
% CHANGE
$1,414,000 $801 93 51
$1,232,500 $746 106 49
14.73% 7.49% -12.26% 4.08%
$665,800 $531 35 41
$525,000 $486 39 62
26.82% 9.19% -10.26% -33.87%
“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 2016
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MARKET PERFORMANCE BY NEIGHBORHOOD :: WESTSIDE AREA
PLAYA VISTA
SFR Q3 2016
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,900,000 $796 3 72
Q3 2015 $1,442,500 $566 8 71
SANTA MONICA Q3 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$2,380,000 $1,111 61 52
% CHANGE
Q3 2016
Q3 2015
% CHANGE
31.72% 40.54% -62.50% 1.41%
$835,500 $638 28 38
$787,500 $541 24 40
6.10% 17.96% 16.67% -5.00%
SFR Q3 2015 $1,950,000 $1,153 67 38
VENICE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
CONDO
% CHANGE
Q3 2016
Q3 2015
% CHANGE
22.05% -3.65% -8.96% 36.84%
$959,000 $834 119 48
$989,000 $843 134 54
-3.03% -1.05% -11.19% -11.11%
SFR
CONDO
Q3 2016
Q3 2015
% CHANGE
Q3 2016
Q3 2015
% CHANGE
$1,877,908 $3,782 62 64
$1,725,000 $1,158 47 63
8.86% 226.64% 31.91% 1.59%
$1,304,500 $833 10 38
$1,533,500 $761 10 73
-14.93% 9.45% 0.00% -47.95%
“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.
The Market Report :: Q3 2016
deasypenner.com
pasadena + san gabriel valley area
NEIGHBORHOOD FOCUS Q3 2016 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
68
$628,250
$435
Arcadia
127
$1,287,400
$540
Altadena
120
$739,500
$468
Bradbury
4
$1,221,500
$596
54
$739,500
$565
134
$593,500
$375
69
$678,000
$552
118
$800,160
$507
La Cañada Flintridge
69
$1,594,500
$613
Monrovia
65
$638,000
$439
Mount Washington
32
$710,000
$489
Pasadena NE
137
$799,000
$498
Pasadena NW
51
$839,900
$546
Pasadena SE
55
$858,000
$581
Pasadena SW
28
$1,382,500
$667
Rosemead / South San Gabriel
57
$533,000
$412
San Gabriel
67
$684,500
$481
San Marino
38
$2,075,000
$851
Sierra Madre
28
$1,000,500
$538
South Pasadena
43
$1,200,000
$630
Sunland / Tujunga
122
$557,500
$390
TOTAL/AVERAGE
1,486
$931,439
$532
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 :: Q3 2016
deasypenner.com
pasadena + san gabriel valley area
AVERAGE DAYS ON MARKET
Q3 2016 SINGLE FAMILY HOMES Avg DOM
65 60 48 47
52 50
51
52
51
35
Sunland / Tujunga
South Pasadena
Sierra Madre
San Marino
San Gabriel
Rosemead / South San Gabriel
32
Pasadena SW
La Cañada Flintridge
La Crescenta / Glendale
Highland Park
Glendora
Eagle Rock
Bradbury
Altadena
Arcadia
Alhambra
38
49
Pasadena SE
46
Pasadena NW
50
Pasadena NE
46
43
Mount Washington
58
56
49
Monrovia
60
“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 2016
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pasadena + san gabriel valley area
NEIGHBORHOOD FOCUS Q3 2016 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Alhambra
43
$488,000
$364
Arcadia
64
$617,500
$412
Altadena
NA
NA
NA
Bradbury
NA
NA
NA
Eagle Rock
NA
NA
NA
Glendora
22
$465,250
$288
9
$348,000
$438
34
$530,000
$399
1
$842,000
$404
Monrovia
14
$425,000
$350
Mount Washington
NA
NA
NA
Pasadena NE
21
$546,000
$411
Pasadena NW
3
$455,000
$384
Pasadena SE
101
$528,000
$464
Pasadena SW
38
$769,500
$492
7
$458,000
$289
San Gabriel
17
$502,000
$375
San Marino
NA
NA
NA
6
$580,000
$443
South Pasadena
16
$552,450
$489
Sunland / Tujunga
13
$387,000
$314
TOTAL/AVERAGE
409
$530,856
$395
Highland Park La Crescenta / Glendale La Cañada Flintridge
Rosemead / South San Gabriel
Sierra Madre
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q3 2016
deasypenner.com
neighborhood spotlight
ALTADENA Located about 14 miles from Downtown L.A. and directly north of Pasadena, Altadena is an
Lincoln Pasadena :: Hip Neighborhood Cafe
unincorporated area with a high median household
Founded by Christine Moore, who also opened
income and cozy population of 42,777. Stop in at
up Little Flower Candy Co., Lincoln is a stylish
foodie-friendly AltaEats and shop the top-notch
restaurant in Pasadena serving up tasty fresh
Farmers Market on Wednesdays, featuring Coldwater Canyon Provisions’ famed jams, artisan cheese from
food, pastries and Stumptown coffee. Located at 1992 Lincoln Avenue, this café also has a retail store and space for throwing parties.
Drake Family Farms, and Japanese rice sandwiches from Mama Musubi. Significant architecture in the neighborhood includes the Queen Anne-style Andrew McNally House, ultra modern Beard House, Craftsmanstyle Keyes Bungalow, brick-covered Pacific Electric Railway Company Substation No. 8, and Italianate and Colonial Revival-style Woodbury-Story House. Altadena’s aptly named Christmas Tree Lane has been a holiday attraction since 1920, and features the oldest large-scale outdoor Christmas lighting venue in the world.
The Market Report :: Q3 2016
View more on our blog
HomeAsArt.com
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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
ALHAMBRA
SFR Q3 2016
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$628,250 $435 68 49
Q3 2015 $594,500 $464 70 40
ARCADIA $1,287,400 $540 127 60
Q3 2015 $1,197,500 $549 122 61
ALTADENA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q3 2015
% CHANGE
5.68% -6.16% 2.86% 22.50%
$488,000 $364 43 58
$426,000 $351 54 47
14.55% 3.70% -20.37% 23.40%
CONDO
% CHANGE
Q3 2016
Q3 2015
% CHANGE
7.51% -1.55% 4.10% -1.64%
$617,500 $412 64 72
$660,000 $399 39 64
-6.44% 3.08% 64.10% 12.50%
CONDO
Q3 2016
Q3 2015
% CHANGE
Q3 2016
Q3 2015
% CHANGE
$739,500 $468 120 56
$691,500 $455 112 51
6.94% 2.79% 7.14% 9.80%
NA NA NA NA
$303,750 $315 4 20
NA NA NA NA
SFR
CONDO
Q3 2016
Q3 2015
% CHANGE
Q3 2016
Q3 2015
% CHANGE
$1,221,500 $596 4 38
$2,150,000 $524 3 107
-43.19% 13.84% 33.33% -64.49%
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
Q3 2016
SFR
BRADBURY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
SFR Q3 2016
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q3 2016
Q3 2015
% CHANGE
Q3 2016
Q3 2015
% CHANGE
$739,500 $565 54 43
$704,932 $473 65 44
4.90% 19.44% -16.92% -2.27%
NA NA NA NA
$395,000 $411 1 32
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 2016
deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
GLENDORA
SFR Q3 2016
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$593,500 $375 134 58
Q3 2015 $525,000 $341 117 54
HIGHLAND PARK
CONDO
% CHANGE
Q3 2016
Q3 2015
% CHANGE
13.05% 9.81% 14.53% 7.41%
$465,250 $288 22 65
$420,000 $280 23 54
10.77% 3.03% -4.35% 20.37%
SFR
CONDO
% CHANGE
Q3 2016
Q3 2015
% CHANGE
$615,000 $491 101 41
10.24% 12.48% -31.68% 12.20%
$348,000 $438 9 27
$290,000 $364 7 39
20.00% 20.30% 28.57% -30.77%
LA CRESCENTA :: GLENDALE
SFR
Q3 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$678,000 $552 69 46
Q3 2015
Q3 2016
Q2 2015
% CHANGE
Q3 2016
Q3 2015
% CHANGE
$800,160 $507 118 50
$775,000 $476 119 46
3.25% 6.48% -0.84% 8.70%
$530,000 $399 34 48
$507,500 $374 20 52
4.43% 6.84% 70.00% -7.69%
LA CAÑADA FLINTRIDGE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
CONDO
Q3 2016
Q3 2015
% CHANGE
Q3 2016
Q3 2015
% CHANGE
$1,594,500 $613 69 46
$1,438,000 $614 77 50
10.88% -0.18% -10.39% -8.00%
$842,000 $404 1 0
$645,000 $384 1 53
30.54% 5.24% 0.00% -100.00%
MONROVIA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q3 2016
Q3 2015
% CHANGE
Q3 2016
Q3 2015
% CHANGE
$638,000 $439 65 35
$650,500 $421 81 53
-1.92% 4.35% -19.75% -33.96%
$425,000 $350 14 35
$416,500 $326 24 59
2.04% 7.31% -41.67% -40.68%
“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 2016
deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
MOUNT WASHINGTON Q3 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$710,000 $489 32 65
SFR Q3 2015 $700,000 $545 39 52
PASADENA NE Q3 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$799,000 $498 137 49
Q3 2015 $740,000 $469 127 45
Q3 2015
% CHANGE
1.43% -10.21% -17.95% 25.00%
NA NA NA NA
NA NA NA NA
NA NA NA NA
CONDO
% CHANGE
Q3 2016
Q3 2015
% CHANGE
7.97% 6.24% 7.87% 8.89%
$546,000 $411 21 42
$425,000 $385 19 54
28.47% 6.79% 10.53% -22.22%
CONDO
Q3 2016
Q3 2015
% CHANGE
Q3 2016
Q3 2015
% CHANGE
$839,900 $546 51 48
$720,000 $501 59 58
16.65% 8.94% -13.56% -17.24%
$455,000 $384 3 87
$402,000 $371 10 52
13.18% 3.46% -70.00% 67.31%
SFR
CONDO
Q3 2016
Q3 2015
% CHANGE
Q3 2016
Q3 2015
% CHANGE
$858,000 $581 55 47
$882,000 $543 55 69
-2.72% 6.96% 0.00% -31.88%
$528,000 $464 101 48
$500,000 $456 123 61
5.60% 1.56% -17.89% -21.31%
PASADENA SW Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q3 2016
SFR
PASADENA SE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
SFR
PASADENA NW Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q3 2016
Q3 2015
% CHANGE
Q3 2016
Q3 2015
% CHANGE
$1,382,500 $667 28 60
$1,300,000 $588 37 48
6.35% 13.38% -24.32% 25.00%
$769,500 $492 38 46
$675,000 $474 35 62
14.00% 3.74% 8.57% -25.81%
“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 2016
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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
ROSEMEAD :: S. SAN GABRIEL Q3 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$533,000 $412 57 52
Q3 2015 $513,000 $386 65 63
SAN GABRIEL $684,500 $481 67 50
Q3 2015 $710,000 $453 90 49
SAN MARINO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q3 2016
Q3 2015
% CHANGE
3.90% 6.75% -12.31% -17.46%
$458,000 $289 7 32
$402,000 $277 12 48
13.93% 4.34% -41.67% -33.33%
CONDO
% CHANGE
Q3 2016
Q3 2015
% CHANGE
-3.59% 6.19% -25.56% 2.04%
$502,000 $375 17 57
$466,000 $332 16 51
7.73% 12.87% 6.25% 11.76%
CONDO
Q3 2016
Q3 2015
% CHANGE
Q3 2016
Q3 2015
% CHANGE
$2,075,000 $851 38 51
$2,149,000 $771 30 53
-3.44% 10.29% 26.67% -3.77%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SFR
CONDO
Q3 2016
Q3 2015
% CHANGE
Q3 2016
Q3 2015
% CHANGE
$1,000,500 $538 28 51
$962,500 $524 32 48
3.95% 2.76% -12.50% 6.25%
$580,000 $443 6 55
$585,000 $389 5 74
-0.85% 13.82% 20.00% -25.68%
S. PASADENA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
SFR
SIERRA MADRE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR Q3 2016
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q3 2016
Q3 2015
% CHANGE
Q3 2016
Q3 2015
% CHANGE
$1,200,000 $630 43 32
$1,285,000 $643 46 36
-6.61% -2.09% -6.52% -11.11%
$522,450 $489 16 41
$540,000 $474 21 50
2.31% 3.36% -23.81% -18.00%
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q3 2016
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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
SUNLAND :: TUJUNGA Q3 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$557,500 $390 122 52
SFR Q3 2015 $500,000 $359 122 49
CONDO
% CHANGE
Q3 2016
Q3 2015
% CHANGE
11.50% 8.49% 0.00% 6.12%
$387,000 $314 13 44
$370,000 $287 23 55
4.59% 9.24% -43.48% -20.00%
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q3 2016
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WHAT’S NEW ON HOMEASART.COM
2016 Architecture iPhone Photography Awards Announced We take a look at this year’s winners of the architecture iPhone Photography Awards competition. Jian Wang of Beijing China won first place for his shot “China Red,” taken at the Beijing Olympic park. Second and third honors were awarded to Patryk Kuleta for two shots from his series, “Modern Cathedrals.”
We share our passion for design on our blog
HomeAsArt.com Photography by Alexander Yu
The Market Report :: Q3 2016
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Look Inside Lloyd Wright Jr.’s Art Deco Novarro House
Architect Moshe Safdie’s Most Iconic Buildings
Commissioned by silent film star
From his Habitat 67 housing
Ramon Novarro, the Novarro House
complex to the Skirball Cultural
was designed by Frank Lloyd Wright
Center in Los Angeles, today we
Jr. in 1928. The Mayan-inspired
explore some of Moshe Safdie’s
Art Deco house has been restored
internationally renowned projects.
by Diane Keaton with the help of architect Josh Schweitzer. Located in the hills of Los Feliz, this home is back on the market after last having sold in 2014.
Photography by Juliette Hohnen
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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 | Venice | Santa Monica | Palm Springs 310.275.1000 626.683.0777 info@deasypenner.com
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