Page 1

Q4 2 0 1 7

MARKET REPORT

deasy/penner home as art.®

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YOUR GUIDE TO MARKET PERFORMANCE & ANALYSIS


la county :: market snapshot SINGLE FAMILY HOMES

CONDOMINIUM HOMES

Data*

Q4 2017

Q4 2016

% Change

Median Price

$620,000

$581,279

$463

Properties Sold Days on Market

Avg. Price / Sq. Ft.

Data*

Q4 2017

Q4 2016

% Change

6.66%

Median Price

$485,000

$439,700

10.30%

$428

8.08%

Avg. Price / Sq. Ft.

$454

$412

10.30%

11,930

12,285

-2.89%

Properties Sold

4,387

4,434

-1.06%

43

53

-18.87%

Days on Market

41

53

-22.64%

MEDIAN PRICE

MEDIAN PRICE

$620,000

$485,000

vs Q4 2016

+7%

$581,279

DAYS ON THE MARKET

+10%

$439,700

PROPERTIES SOLD

43

53

Q4 2017

Q4 2016

DAYS

vs Q4 2016

4,387

4,434

Q4 2017

Q4 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 :: Q4 2017

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EXPLORE YOUR NEIGHBORHOOD


los angeles area NEIGHBORHOOD FOCUS Q4 2017 NEIGHBORHOOD

SINGLE FAMILY HOMES

# OF SALES

MED. SALE PRICE

AVG. $ / SQ. FT.

Baldwin Hills

2

$869,444

$532

Beverly Hills

30

$6,137,500

$1,529

Beverly Hills PO

34

$3,437,500

$939

Beverlywood

35

$1,570,000

$791

Beverly Center - Miracle

42

$1,637,500

$867

Brentwood

58

$3,337,500

$1,246

Cheviot Hills - Rancho Park

15

$1,950,000

$901

Culver City

56

$1,164,500

$854

Downtown LA

29

$371,000

$307

Hancock Park - Wilshire

64

$1,690,000

$766

Hollywood

27

$1,035,000

$625

Hollywood Hills East

35

$1,500,000

$685

Ladera Heights

17

$1,155,000

$443

1

$306,000

$287

Los Feliz

47

$1,720,000

$809

Mid - Los Angeles

97

$700,000

$500

Silver Lake - Echo Park

90

$1,089,500

$743

Studio City

88

$1,325,000

$664

114

$1,820,500

$848

4

$777,500

$375

Westwood - Century City

36

$2,163,000

$893

West Hollywood

34

$1,663,250

$1,012

West LA

29

$1,350,000

$776

984

$1,685,639

$756

Leimert Park

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 :: Q4 2017

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los angeles area

MEDIAN PRICE

Q4 2017 — Q4 2016 SINGLE FAMILY HOMES $7M

2017 2016 $5.25M

$3.5M

$1.75K

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

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.

The Market Report :: Q4 2017

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los angeles area NEIGHBORHOOD FOCUS Q4 2017 NEIGHBORHOOD

CONDOMINIUM HOMES

# OF SALES

MED. SALE PRICE

AVG. $ / SQ. FT.

Baldwin Hills

1

$550,000

$439

Beverly Hills

32

$1,254,500

$741

Beverly Hills PO

NA

NA

NA

Beverlywood

14

$780,000

$600

Beverly Center - Miracle

29

$779,000

$603

Brentwood

52

$889,000

$678

Cheviot Hills - Rancho Park

NA

NA

NA

Culver City

48

$592,500

$566

101

$617,000

$667

Hancock Park - Wilshire

42

$621,000

$581

Hollywood

24

$707,500

$570

Hollywood Hills East

6

$718,500

$506

Ladera Heights

3

$550,175

$371

NA

NA

NA

Los Feliz

6

$657,750

$521

Mid - Los Angeles

5

$539,900

$530

Silver Lake - Echo Park

14

$732,000

$578

Studio City

56

$717,000

$469

Sunset Strip - HH West

31

$645,000

$610

View Park

NA

NA

NA

Westwood - Century City

121

$899,000

$687

West Hollywood

101

$739,000

$750

41

$820,000

$601

727

$726,780

$582

Downtown LA

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 :: Q4 2017

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The Market Report :: Q4 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

Q4 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

BRENTWOOD If you want to get a sense of the low-key yet affluent

(designed by Jeffrey Alan Marks), then grab an ice

TV Writer-Producer Neal Baer Buys Photog’s House In Hollywood Hills

cream from Sweet Rose Creamery at the Brentwood

Always impeccably informed real estate yenta

vibe of Brentwood, book a table for brunch at Tavern

Country Mart, a paparazzi-free shopping center that looks like a barn, but houses Jenni Kayne, Calypso St.

Yolanda Yakketyyak sent word that pediatricianturned-multiple-Emmy-nominated writerproducer Neal Baer has shelled out $4.35M...

Barth, James Perse Yosemite, and a weekend petting zoo for kids. The neighborhood’s main drag—the coral tree lined San Vicente—is filled with enough boutiques and restaurants (Baltaire is the new favorite) to keep you busy for a year. There are six residential sub-districts—gated Brentwood Circle, Brentwood Glen, Bundy Canyon (home to the famed Getty Center), Kenter Canyon, Mandeville Canyon, and Crestwood Hills, the latter of which includes a cluster of

View more on our blog

HomeAsArt.com

architecturally significant Mid-Century Modern homes from A. Quincy Jones, Earl G. Richards, Whitney Smith, and Edgardo Contini. The Market Report :: Q4 2017

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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

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$869,444 $532 2 15

$1,199,000 $447 1 41

-27.49% 18.96% 100.00% -63.41%

$550,000 $439 1 123

$235,000 $310 1 50

134.04% 41.48% 0.00% 146.00%

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

SFR Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$6,137,500 $1,529 30 79

$4,234,000 $1,385 45 94

44.96% 10.40% -33.33% -15.96%

$1,254,500 $741 32 51

$1,365,000 $740 32 71

-8.10% 0.21% 0.00% -28.17%

SFR Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$3,437,500 $939 34 89

$2,850,000 $891 33 93

20.61% 5.42% 3.03% -4.30%

NA NA NA NA

NA NA NA NA

NA NA NA NA

SFR

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$1,570,000 $791 35 35

$1,334,000 $667 45 55

17.69% 18.56% -22.22% -36.36%

$780,000 $600 14 47

$820,000 $570 11 49

-4.88% 5.39% 27.27% -4.08%

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

CONDO

Q4 2017

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

CONDO

Q4 2017

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

CONDO

SFR

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$1,637,500 $867 42 36

$1,575,000 $734 48 58

3.97% 18.15% -12.50% -37.93%

$779,000 $603 29 50

$762,000 $590 20 73

2.23% 2.25% 45.00% -31.51%

“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 :: Q4 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

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$3,337,500 $1,246 58 48

$2,750,000 $1,006 61 80

21.36% 23.92% -4.92% -40.00%

$889,000 $678 52 50

$763,500 $613 44 58

16.44% 10.55% 18.18% -13.79%

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

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$1,950,000 $901 15 51

$1,668,000 $761 17 78

16.91% 18.35% -11.76% -34.62%

NA NA NA NA

NA NA NA NA

NA NA NA NA

SFR

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$1,164,500 $854 56 35

$1,146,500 $757 46 43

1.57% 12.76% 21.74% -18.60%

$592,500 $566 48 34

$520,000 $496 57 36

13.94% 13.97% -15.79% -5.56%

SFR

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$371,000 $307 29 79

$330,500 $286 28 50

12.25% 7.08% 3.57% 58.00%

$617,000 $667 101 56

$610,000 $604 96 87

1.15% 10.36% 5.21% -35.63%

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

CONDO

Q4 2016

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

SFR

Q4 2017

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

CONDO

SFR

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$1,690,000 $766 64 38

$1,656,000 $678 68 62

2.05% 12.91% -5.88% -38.71%

$621,000 $581 42 51

$645,000 $519 32 81

-3.72% 11.84% 31.25% -37.04%

“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 :: Q4 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

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$1,035,000 $625 27 55

$1,310,000 $662 15 24

-20.99% -5.65% 80.00% 129.17%

$707,500 $570 24 55

$599,500 $548 30 59

18.02% 4.00% -20.00% -6.78%

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

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$1,500,000 $685 35 68

$1,391,000 $655 34 53

7.84% 4.60% 2.94% 28.30%

$718,500 $506 6 28

$572,000 $478 10 68

25.61% 5.92% -40.00% -58.82%

SFR

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$1,155,000 $443 17 65

$880,005 $430 6 59

31.25% 3.06% 183.33% 10.17%

$550,175 $371 3 54

$550,000 $372 3 121

0.03% -0.27% 0.00% -55.37%

SFR

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$306,000 $287 1 3

$665,000 $398 3 33

-53.98% -27.94% -66.67% -90.91%

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

Q4 2016

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

SFR

Q4 2017

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

CONDO

SFR

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$1,720,000 $809 47 42

$1,731,250 $664 45 52

-0.65% 21.87% 4.44% -19.23%

$657,750 $521 6 56

$609,750 $560 6 50

7.87% -6.93% 0.00% 12.00%

“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 :: Q4 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

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$700,000 $500 97 40

$607,500 $445 93 48

15.23% 12.42% 4.30% -16.67%

$539,900 $530 5 50

$429,500 $383 6 49

25.70% 38.25% -16.67% 2.04%

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

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$1,089,500 $743 90 38

$880,000 $690 85 58

23.81% 7.73% 5.88% -34.48%

$732,000 $578 14 35

$705,000 $522 12 47

3.83% 10.82% 16.67% -25.53%

SFR

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$1,325,000 $664 88 53

$1,317,500 $615 84 64

0.57% 8.00% 4.76% -17.19%

$717,000 $469 56 45

$605,000 $437 48 73

18.51% 7.31% 16.67% -38.36%

SFR

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$1,820,500 $848 114 72

$1,695,500 $787 92 67

7.37% 7.78% 23.91% 7.46%

$645,000 $610 31 56

$595,000 $588 22 49

8.40% 3.72% 40.91% 14.29%

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

CONDO

Q4 2016

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

SFR

Q4 2017

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

CONDO

SFR

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$777,500 $375 4 35

$827,000 $268 2 64

-5.99% 39.97% 100.00% -45.31%

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 :: Q4 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

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$2,163,000 $893 36 33

$1,775,000 $828 57 58

21.86% 7.88% -36.84% -43.10%

$899,000 $687 121 52

$899,000 $635 135 67

0.00% 8.14% -10.37% -22.39%

SFR

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$1,663,250 $1,012 34 61

$1,709,050 $959 35 59

-2.68% 5.46% -2.86% 3.39%

$739,000 $750 101 52

$690,000 $689 89 57

7.10% 8.80% 13.48% -8.77%

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

CONDO

Q4 2017

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

SFR

SFR

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$1,350,000 $776 29 60

$1,007,500 $650 30 42

34.00% 19.41% -3.33% 42.86%

$820,000 $601 41 28

$805,000 $538 41 40

1.86% 11.63% 0.00% -30.00%

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

The Market Report :: Q4 2017

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westside la area

NEIGHBORHOOD FOCUS Q4 2017 NEIGHBORHOOD

SINGLE FAMILY HOMES

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

8

$7,362,500

$2,446

Malibu

38

$2,395,000

$943

Marina Del Rey

24

$1,997,500

$859

Pacific Palisades

54

$3,352,500

$1,115

Palms - Mar Vista

87

$1,545,000

$884

7

$2,160,000

$778

Santa Monica

54

$3,450,500

$1,301

Venice

51

$1,975,000

$1,271

323

$3,029,750

$1,199

Malibu Beach

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 :: Q4 2017

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westside la area

DAYS ON MARKET Q4 2017

SINGLE FAMILY HOMES

144 113 Malibu

Malibu Beach

57 51

46 41

40 Palms - Mar Vista

Santa Monica

Venice

Playa Vista

Marina Del Rey

Pacific Palisades

51

“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 :: Q4 2017

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westside la area

NEIGHBORHOOD FOCUS Q4 2017 NEIGHBORHOOD

CONDOMINIUM HOMES

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

5

$980,000

$1,451

Malibu

15

$1,090,000

$699

Marina Del Rey

94

$925,000

$684

Pacific Palisades

19

$1,050,000

$644

Palms - Mar Vista

21

$600,000

$613

Playa Vista

37

$665,000

$607

Santa Monica

90

$1,252,000

$978

8

$1,462,500

$907

289

$1,003,063

$823

Malibu Beach

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 :: Q4 2017

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westside la area

PROPERTIES SOLD CHANGE Q4 2017 — Q4 2016

CONDOMINIUM HOMES 2016

2017

% Change

12%

100

-6%

75

50

-16% -28%

25

-10%

400%

-43%

400% 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 :: Q4 2017

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neighborhood spotlight

PALMS :: MAR VISTA Palms, the oldest neighborhood in the city of Los Angeles, and Mar Vista, a popular Westside community

Family-Friendly Modernism In Rustic Canyon

for families, have enjoyed an uptick in popularity in

A 1949 gem by early Modernist architect

recent years thanks to their central location. Both

Kenneth Lind in Rustic Canyon, originally

neighborhoods are known for their ethnic diversity—stop

dubbed The Platform House, now a 3-bed,

in for a class at Red Diamond Yoga or grab an Americano at Venice Grind to see what we mean. The area is home to some of the most highly educated residents in the

4-bath home reinvented by the LA/Montecito firm of Shubin Donaldson. Set on stilts to capture the view, the ground level was filled in with family-friendly entertaining spaces while the second, original level was renovated...

city (UCLA is minutes away) and is in close proximity to the brand new Metro Expo Line. Palms-Mar Vista is filled with well-preserved Mid-Century Modern architecture, Craftsman, and Spanish Colonials, and architecturally significant homes from Neil Denarii, Patrick Tighe, and Gregory Ain. Top area private schools include the Windward and Wildwood schools. View more on our blog

HomeAsArt.com The Market Report :: Q4 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

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$7,362,500 $2,446 8 144

$5,525,000 $2,269 6 238

33.26% 7.81% 33.33% -39.50%

$980,000 $1,451 5 104

$787,000 $798 1 262

24.52% 81.83% 400.00% -60.31%

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

SFR Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$2,395,000 $943 38 113

$2,450,000 $901 37 144

-2.24% 4.62% 2.70% -21.53%

$1,090,000 $699 15 89

$695,000 $548 3 61

56.83% 27.56% 400.00% 45.90%

SFR Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$1,997,500 $859 24 51

$1,292,500 $813 16 47

54.55% 5.63% 50.00% 8.51%

$925,000 $684 94 42

$860,000 $646 84 61

7.56% 5.90% 11.90% -31.15%

SFR

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$3,352,500 $1,115 54 57

$3,259,000 $1,035 54 73

2.87% 7.64% 0.00% -21.92%

$1,050,000 $644 19 33

$890,000 $585 21 65

17.98% 10.06% -9.52% -49.23%

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

CONDO

Q4 2017

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

CONDO

Q4 2017

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

CONDO

SFR

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$1,545,000 $884 87 40

$1,500,000 $790 82 46

3.00% 11.81% 6.10% -13.04%

$600,000 $613 21 35

$639,000 $521 29 47

-6.10% 17.58% -27.59% -25.53%

“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 Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$2,160,000 $778 7 51

$2,100,000 $681 3 66

2.86% 14.26% 133.33% -22.73%

$665,000 $607 37 26

$572,500 $542 44 52

16.16% 12.03% -15.91% -50.00%

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

SFR

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$3,450,500 $1,301 54 41

$2,320,000 $1,223 49 59

48.73% 6.40% 10.20% -30.51%

$1,252,000 $978 90 34

$1,040,000 $893 96 54

20.38% 9.51% -6.25% -37.04%

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

CONDO

SFR

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$1,975,000 $1,271 51 46

$1,845,500 $1,233 50 56

7.02% 3.07% 2.00% -17.86%

$1,462,500 $907 8 66

$1,100,500 $855 14 81

32.89% 6.13% -42.86% -18.52%

“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.

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pasadena + san gabriel valley area

NEIGHBORHOOD FOCUS Q4 2017 NEIGHBORHOOD

SINGLE FAMILY HOMES

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

50

$690,000

$486

106

$1,349,000

$566

Altadena

87

$778,000

$500

Bradbury

5

$1,600,000

$490

Eagle Rock

68

$832,500

$629

Glendora

84

$583,750

$392

Highland Park

55

$791,000

$616

La Crescenta / Glendale

74

$822,500

$551

La Cañada Flintridge

49

$1,666,000

$701

Monrovia

77

$700,000

$488

Mount Washington

39

$895,000

$626

Pasadena NE

86

$853,500

$562

Pasadena NW

49

$1,032,500

$601

Pasadena SE

22

$1,400,000

$645

Pasadena SW

27

$1,225,000

$678

Rosemead / South San Gabriel

43

$606,800

$456

San Gabriel

57

$772,000

$525

San Marino

29

$1,880,000

$858

Sierra Madre

23

$925,000

$517

South Pasadena

15

$1,284,455

$715

Sunland / Tujunga

91

$567,000

$454

TOTAL/AVERAGE

1,136

$1,012,095

$574

Alhambra Arcadia

“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 :: Q4 2017

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pasadena + san gabriel valley area

NEIGHBORHOOD FOCUS Q4 2017 NEIGHBORHOOD

CONDOMINIUM HOMES

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Alhambra

46

$532,000

$401

Arcadia

46

$650,000

$420

Altadena

2

$644,000

$465

Bradbury

NA

NA

Eagle Rock

NA

NA

Glendora

14

$481,500

$306

Highland Park

12

$414,000

$442

La Crescenta / Glendale

28

$535,000

$427

2

$935,500

$561

19

$440,000

$384

1

$294,000

$437

Pasadena NE

16

$483,500

$429

Pasadena NW

10

$562,500

$457

Pasadena SE

65

$635,000

$528

Pasadena SW

32

$851,000

$554

Rosemead / South San Gabriel

29

$542,400

$342

San Gabriel

15

$633,000

$424

San Marino

NA

NA

Sierra Madre

2

$712,500

$490

South Pasadena

6

$852,500

$540

Sunland / Tujunga

20

$432,500

$335

TOTAL/AVERAGE

365

$590,606

$441

La Cañada Flintridge Monrovia Mount Washington

“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

Q4 2017 CONDOMINIUM HOMES 142

55 46

42

43

42

51

42 34

29 19

40

42

36

49

24

24

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

4

“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

Case Study House No. 10 In Pasadena Sells For $3M

and it shows. The impeccably maintained community

A minimalist-style house that was built in 1947

features expansive properties that are surrounded by

as part of the Case Study program has sold in

lush gardens and wide streets that make Angelenos

Pasadena for $2.96 million. The final price tag is

mouths drop in disbelief. Perhaps best known for

$30,000 shy of when it originally listed for sale in September.

housing the Huntington Library, a NeoclassicalPalladian 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 :: Q4 2017

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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA

ALHAMBRA

SFR

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

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$690,000 $486 50 31

$665,000 $456 49 47

3.76% 6.71% 2.04% -34.04%

$532,000 $401 46 29

$474,000 $387 38 72

12.24% 3.62% 21.05% -59.72%

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

SFR Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$1,349,000 $566 106 53

$1,179,000 $543 114 71

14.42% 4.09% -7.02% -25.35%

$650,000 $420 46 42

$648,000 $397 55 60

0.31% 5.73% -16.36% -30.00%

SFR

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

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$778,000 $500 87 42

$778,000 $468 88 57

0.00% 6.91% -1.14% -26.32%

$644,000 $465 2 142

$342,500 $384 2 69

88.03% 20.96% 0.00% 105.80%

BRADBURY

SFR

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$1,600,000 $490 5 43

$1,140,000 $500 5 125

40.35% -1.92% 0.00% -65.60%

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

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$832,500 $629 68 31

$788,630 $526 53 51

5.56% 19.55% 28.30% -39.22%

NA NA NA NA

$385,000 $392 1 82

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 Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$583,750 $392 84 48

$606,000 $370 124 52

-3.67% 5.82% -32.26% -7.69%

$481,500 $306 14 55

$475,000 $317 28 75

1.37% -3.26% -50.00% -26.67%

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

SFR Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$791,000 $616 55 44

$710,000 $574 95 40

11.41% 7.30% -42.11% 10.00%

$414,000 $442 12 46

$352,000 $448 5 39

17.61% -1.41% 140.00% 17.95%

CONDO

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$822,500 $551 74 38

$785,000 $505 87 53

4.78% 9.16% -14.94% -28.30%

$535,000 $427 28 43

$459,000 $414 29 45

16.56% 3.11% -3.45% -4.44%

SFR

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$1,666,000 $701 49 49

$1,660,000 $621 59 54

0.36% 12.87% -16.95% -9.26%

$935,500 $561 2 19

$940,000 $486 4 59

-0.48% 15.38% -50.00% -67.80%

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

SFR

Q4 2017

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

CONDO

Q4 2017

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

CONDO

SFR

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$700,000 $488 77 40

$620,000 $438 77 52

12.90% 11.25% 0.00% -23.08%

$440,000 $384 19 24

$425,000 $345 17 50

3.53% 11.34% 11.76% -52.00%

“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

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

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$895,000 $626 39 30

$730,000 $508 37 53

22.60% 23.09% 5.41% -43.40%

$294,000 $437 1 4

NA NA NA NA

NA NA NA NA

SFR Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$853,500 $562 86 39

$793,450 $490 110 49

7.57% 14.73% -21.82% -20.41%

$483,500 $429 16 42

$494,500 $417 24 45

-2.22% 2.87% -33.33% -6.67%

SFR Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$1,032,500 $601 49 43

$942,500 $522 40 70

9.55% 15.27% 22.50% -38.57%

$562,500 $457 10 42

$588,000 $517 5 106

-4.34% -11.66% 100.00% -60.38%

SFR

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$1,400,000 $645 22 37

$980,500 $567 62 56

42.78% 13.74% -64.52% -33.93%

$635,000 $528 65 34

$499,000 $482 83 52

27.25% 9.46% -21.69% -34.62%

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

CONDO

Q4 2017

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

CONDO

Q4 2017

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

CONDO

Q4 2017

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

SFR

SFR

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$1,225,000 $678 27 48

$1,257,750 $746 20 38

-2.60% -9.15% 35.00% 26.32%

$851,000 $554 32 40

$849,500 $569 36 57

0.18% -2.56% -11.11% -29.82%

“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.

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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

Q4 2017

Q3 2016

% CHANGE

$606,800 $456 43 44

$531,000 $428 46 56

14.27% 6.54% -6.52% -21.43%

$542,400 $342 29 51

$405,750 $314 10 36

33.68% 9.12% 190.00% 41.67%

SFR Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$772,000 $525 57 40

$765,000 $482 64 38

0.92% 8.86% -10.94% 5.26%

$633,000 $424 15 36

$501,500 $365 16 44

26.22% 16.09% -6.25% -18.18%

SFR Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$1,880,000 $858 29 103

$2,150,000 $848 31 62

-12.56% 1.14% -6.45% 66.13%

NA NA NA NA

NA NA NA NA

NA NA NA NA

SFR

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$925,000 $517 23 45

$950,000 $593 20 50

-2.63% -12.71% 15.00% -10.00%

$712,500 $490 2 24

$665,000 $396 5 48

7.14% 23.83% -60.00% -50.00%

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

CONDO

Q4 2017

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

CONDO

Q4 2017

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

CONDO

Q4 2017

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

SFR

SFR

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$1,284,455 $715 15 44

$1,300,000 $667 35 48

-1.20% 7.33% -57.14% -8.33%

$852,500 $540 6 42

$630,000 $520 11 31

35.32% 3.73% -45.45% 35.48%

“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

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$567,000 $454 91 50

$569,500 $405 96 50

-0.44% 12.14% -5.21% 0.00%

$432,500 $335 20 49

$400,000 $318 33 54

8.13% 5.48% -39.39% -9.26%

“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 Q4 2017

SINGLE FAMILY HOMES

NEIGHBORHOOD

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Cathedral City North

100

$309,500

$170

Cathedral City South

38

$432,000

$231

Indian Wells

50

$850,000

$296

La Quinta No of HWY 111

44

$384,500

$178

La Quinta S.Of H

229

$430,000

$228

Palm Desert East

60

$419,000

$212

Palm Desert North

47

$430,000

$207

Palm Desert South

44

$550,000

$272

Palm Springs Central

57

$690,000

$423

Palm Springs North End

78

$412,500

$279

Palm Springs South End

97

$690,000

$329

Rancho Mirage

113

$635,000

$256

TOTAL/AVERAGE

957

$519,375

$257

“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 :: Q4 2017

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coachella valley area

MEDIAN PRICE

Q4 2017 — Q4 2016 SINGLE FAMILY HOMES 2016

2017

$900K

$675K

$450K

Rancho Mirage

Palm Springs South End

Palm Springs North End

Palm Springs Central

Palm Desert South

Palm Desert North

Palm Desert East

La Quinta S.Of H

La Quinta No of HWY 111

Indian Wells

Cathedral City South

Cathedral City North

$200K

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

The Market Report :: Q4 2017

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coachella valley area

NEIGHBORHOOD FOCUS Q4 2017

CONDOMINIUM HOMES

NEIGHBORHOOD

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Cathedral City North

28

$138,500

$122

Cathedral City South

30

$162,000

$127

Indian Wells

18

$333,500

$191

4

$164,000

$219

La Quinta S.Of H

51

$381,500

$199

Palm Desert East

119

$255,000

$177

Palm Desert North

66

$262,000

$181

Palm Desert South

59

$260,000

$200

Palm Springs Central

86

$222,250

$209

Palm Springs North End

51

$117,000

$170

Palm Springs South End

145

$225,000

$196

75

$275,000

$166

732

$232,979

$180

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

Celebrity Homes Priced To Sell During The Holiday

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

Black Friday and Cyber Monday have come and

community. From stylish boutique hotels and high-end

gone, but there are still a few discounts to be

vintage shopping to the annual Modernism Week, the

had. Gerald Casale of Devo fame has listed his

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,

home in Palm Desert for sale at $1.495 million. Set on about half an acre of grounds, the wellpreserved midcentury home was designed and built in 1963 by architectural firm Patten and Wild.

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

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$309,500 $170 100 73

$285,000 $160 108 78

8.60% 5.83% -7.41% -6.41%

$138,500 $122 28 150

$115,000 $111 17 178

20.43% 9.90% 64.71% -15.73%

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$432,000 $231 38 68

$329,000 $192 38 109

31.31% 20.50% 0.00% -37.61%

$162,000 $127 30 112

$169,950 $126 28 146

-4.68% 1.13% 7.14% -23.29%

SFR

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$850,000 $296 50 141

$780,000 $284 44 110

8.97% 4.39% 13.64% 28.18%

$333,500 $191 18 98

$416,000 $186 20 119

-19.83% 3.00% -10.00% -17.65%

SFR

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$384,500 $178 44 68

$355,000 $170 42 77

8.31% 5.03% 4.76% -11.69%

$164,000 $219 4 158

$193,000 $195 11 134

-15.03% 12.18% -63.64% 17.91%

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

CONDO

Q4 2016

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

SFR

Q4 2017

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

CONDO

Q4 2017

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

SFR

SFR

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$430,000 $228 229 99

$510,000 $226 211 105

-15.69% 0.93% 8.53% -5.71%

$381,500 $199 51 95

$314,500 $196 43 114

21.30% 1.93% 18.60% -16.67%

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

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MARKET PERFORMANCE BY NEIGHBORHOOD :: COACHELLA VALLEY AREA

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

SFR

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$419,000 $212 60 95

$355,000 $186 73 105

18.03% 14.08% -17.81% -9.52%

$255,000 $177 119 109

$255,000 $169 97 100

0.00% 4.53% 22.68% 9.00%

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

SFR

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$430,000 $207 47 76

$370,000 $191 41 81

16.22% 8.59% 14.63% -6.17%

$262,000 $181 66 86

$241,500 $167 50 98

8.49% 7.97% 32.00% -12.24%

SFR Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$550,000 $272 44 127

$420,000 $261 41 83

30.95% 4.34% 7.32% 53.01%

$260,000 $200 59 110

$224,900 $178 33 105

15.61% 12.46% 78.79% 4.76%

SFR

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$690,000 $423 57 68

$675,000 $339 61 104

2.22% 24.75% -6.56% -34.62%

$222,250 $209 86 71

$217,000 $199 61 104

2.42% 5.41% 40.98% -31.73%

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

CONDO

Q4 2017

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

CONDO

Q4 2017

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

CONDO

SFR

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$412,500 $279 78 59

$399,999 $228 81 103

3.13% 22.04% -3.70% -42.72%

$117,000 $170 51 60

$118,500 $171 42 81

-1.27% -0.73% 21.43% -25.93%

“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 :: Q4 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

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$690,000 $329 97 91

$660,000 $316 91 114

4.55% 4.19% 6.59% -20.18%

$225,000 $196 145 76

$223,750 $181 120 108

0.56% 8.34% 20.83% -29.63%

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

SFR

SFR

CONDO

Q4 2017

Q4 2016

% CHANGE

Q4 2017

Q4 2016

% CHANGE

$635,000 $256 113 105

$567,709 $221 82 100

11.85% 15.81% 37.80% 5.00%

$275,000 $166 75 100

$257,000 $156 72 133

7.00% 6.63% 4.17% -24.81%

“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 :: Q4 2017

deasypenner.com


WHAT’S NEW ON HOMEASART.COM


A Look At The Rialto Theatre Completed in 1925, the Rialto Theatre was designed by movie theatre architect Lewis A. Smith, who also designed the Vista in Los Feliz. The Rialto has an orchestra pit with balcony seating along both sides of the 30-foot stage. Recently featured in the movie LA LA Land, this historic venue is rumored to reopen as a church...

We share our passion for design on our blog

HomeAsArt.com Photography by Justin Juarez

The Market Report :: Q4 2017

Photography by Justin Juarez

deasypenner.com


An Architectural View Of Los Angeles City Hall

The Art & Design of the Korean Friendship Bell

Designed by John Parkinson, John

Donated in 1976, the Korean

C. Austin, and Albert C. Martin Sr.,

Friendship Bell celebrates the

Los Angeles City Hall was completed

bicentennial of the U.S. and is a

in 1928. The building houses the

symbolic measure of friendship

mayor’s office, meeting chambers

between the two countries. Located

and offices of the Los Angeles

in a stone pavilion in Angels Gate

City Council. For decades, City

Park, the bell is modeled after

Hall towered over the downtown

the Bronze Bell of King Songdok,

cityscape at 454 feet high. It was the

which was cast in 771 A.D. The bell

only building to significantly...

overlooks the Pacific Ocean...

Photography by Justin Juarez

The Market Report :: Q4 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 Q4 2017 Market Analysis Report  

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

deasy/penner Q4 2017 Market Analysis Report  

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