Page 1

Q4 :: 2016

MARKET REPORT

deasy/penner&partners


YOUR GUIDE TO MARKET PERFORMANCE & ANALYSIS


la county :: market snapshot SINGLE FAMILY HOMES

CONDOMINIUM HOMES

Data*

Q4 2016

Q4 2015

% Change

Data*

Q4 2016

Q4 2015

% Change

Median Price

$580,000

$540,000

7.41%

Median Price

$437,500

$424,750

3.00%

$434

$407

6.74%

Avg. Price / Sq. Ft.

$413

$393

5.04%

Properties Sold

12,281

11,875

3.42%

Properties Sold

4,399

4,222

4.19%

Days on Market

53

61

-13.11%

Days on Market

53

59

-10.17%

Avg. Price / Sq. Ft.

MEDIAN PRICE

MEDIAN PRICE

$580,000

$437,500

vs Q4 2015

+7%

$540,000

DAYS ON THE MARKET

+3%

$424,750

PROPERTIES SOLD

53

61

Q4 2016

Q4 2015

DAYS

vs Q4 2015

4,399

4,222

Q4 2016

Q4 2015

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 2016

deasypenner.com


EXPLORE YOUR NEIGHBORHOOD


los angeles area NEIGHBORHOOD FOCUS Q4 2016 NEIGHBORHOOD

SINGLE FAMILY HOMES

# OF SALES

MED. SALE PRICE

AVG. $ / SQ. FT.

Baldwin Hills

1

$1,199,000

$447

Beverly Hills

45

$4,234,000

$1,385

Beverly Hills PO

33

$2,850,000

$891

Beverlywood

45

$1,334,000

$667

Beverly Center - Miracle

48

$1,575,000

$734

Brentwood

60

$2,834,000

$1,006

Cheviot Hills - Rancho Park

16

$1,659,000

$774

Culver City

45

$1,158,000

$766

Downtown LA

28

$330,500

$286

Hancock Park - Wilshire

67

$1,657,000

$682

Hollywood

15

$1,310,000

$662

Hollywood Hills East

34

$1,391,000

$655

Ladera Heights

6

$880,005

$430

Leimert Park

3

$665,000

$398

Los Feliz

45

$1,731,250

$664

Mid - Los Angeles

94

$608,750

$447

Silver Lake - Echo Park

81

$892,894

$694

Studio City

84

$1,317,500

$615

Sunset Strip - HH West

92

$1,695,500

$786

3

$784,000

$282

Westwood - Century City

57

$1,775,000

$828

West Hollywood

35

$1,709,050

$959

West LA

29

$1,005,000

$654

966

$1,504,150

$683

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 2016

deasypenner.com


los angeles area

MEDIAN PRICE

Q4 2016 — Q4 2015 SINGLE FAMILY HOMES 2015 2016

$6M

$4.8M

$3.6M

$2.4M

$1.2M

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 2016

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los angeles area NEIGHBORHOOD FOCUS Q4 2016 NEIGHBORHOOD

CONDOMINIUM HOMES

# OF SALES

MED. SALE PRICE

AVG. $ / SQ. FT.

Baldwin Hills

1

$235,000

$310

Beverly Hills

31

$1,380,000

$747

Beverly Hills PO

NA

NA

NA

Beverlywood

11

$820,000

$570

Beverly Center - Miracle

20

$762,000

$590

Brentwood

43

$775,000

$616

Cheviot Hills - Rancho Park

NA

NA

NA

Culver City

57

$520,000

$496

Downtown LA

97

$610,000

$603

Hancock Park - Wilshire

30

$645,000

$521

Hollywood

30

$599,500

$548

Hollywood Hills East

10

$572,000

$478

3

$550,000

$372

NA

NA

NA

Los Feliz

6

$609,750

$560

Mid - Los Angeles

5

$399,000

$395

Silver Lake - Echo Park

12

$705,000

$522

Studio City

47

$610,000

$437

Sunset Strip - HH West

22

$595,000

$588

View Park

NA

NA

NA

134

$899,500

$637

West Hollywood

88

$695,000

$691

West LA

41

$805,000

$538

688

$672,987

$538

Ladera Heights Leimert Park

Westwood - Century City

TOTAL/AVERAGE

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

The Market Report :: Q4 2016

deasypenner.com


The Market Report :: Q4 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

Q4 2016 CONDOMINIUM HOMES $1.4M

$1.05M

$700K

$350K

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.

deasypenner.com


neighborhood spotlight

KOREATOWN Despite its nomenclature as a traditional ethnic enclave,

with younger folks—thanks to historic Art Deco

An Architectural View of the Wilshire Boulevard Temple in Koreatown

buildings, an ideal central location, and The LINE Hotel,

The Wilshire Boulevard Temple, known from

Koreatown is racially mixed and popular—particularly

which is ground zero for all things cool (Pot Lobby Bar, Poketo, Commissary, Break Room 86), and co-owned

1862 to 1933 as Congregation B’nai B’rith, is the oldest Jewish congregation in Los Angeles, California.

by beloved L.A. chef, Roy Choi. You’ll find lively crowds enjoying the city’s best Korean barbecue at Park’s BBQ, singing karaoke at Brass Monkey, and taking in a headlining act at the historic Wiltern. If you really want to go local, spend the day at Wi Spa, a 24/7 facility with hot and cold baths, progressive sauna rooms, spa treatments, and the vigorous body scrub that removes layers of skin and leaves you feeling like a baby.

The Market Report :: Q4 2016

View more on our blog

HomeAsArt.com

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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA

BALDWIN HILLS Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$1,199,000 $447 1 41

SFR Q4 2015 NA NA NA NA

BEVERLY HILLS Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

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

Q4 2015 $5,491,250 $1,193 30 71

Q4 2015

% CHANGE

NA NA NA NA

$235,000 $310 1 50

$175,000 $305 3 14

34.29% 1.53% -66.67% 257.14%

CONDO

% CHANGE

Q4 2016

Q4 2015

% CHANGE

-22.90% 16.04% 50.00% 32.39%

$1,380,000 $747 31 72

$1,200,000 $711 25 75

15.00% 5.08% 24.00% -4.00%

CONDO

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$2,850,000 $891 33 93

$2,850,000 $929 45 84

0.00% -4.10% -26.67% 10.71%

NA NA NA NA

NA NA NA NA

NA NA NA NA

SFR

CONDO

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$1,334,000 $667 45 55

$1,007,500 $660 38 54

32.41% 1.00% 18.42% 1.85%

$820,000 $570 11 49

$672,500 $484 14 81

21.93% 17.72% -21.43% -39.51%

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

Q4 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

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$1,575,000 $734 48 58

$1,546,250 $758 40 54

1.86% -3.20% 20.00% 7.41%

$762,000 $590 20 73

$759,500 $555 26 40

0.33% 6.19% -23.08% 82.50%

“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.

The Market Report :: Q4 2016

deasypenner.com


MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA

BRENTWOOD

SFR Q4 2016

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

$2,834,000 $1,006 60 80

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

-4.26% -9.52% 9.09% 26.98%

$775,000 $616 43 57

$770,000 $602 59 49

0.65% 2.24% -27.12% 16.33%

$2,960,000 $1,112 55 63

CHEVIOT HILLS :: RANCHO PARK Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$1,659,000 $774 16 79

Q4 2015 $1,623,000 $763 13 42

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

CONDO

% CHANGE

Q4 2016

Q4 2015

% CHANGE

2.22% 1.43% 23.08% 88.10%

NA NA NA NA

$1,200,000 $527 1 50

NA NA NA NA

CONDO

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$1,158,000 $766 45 43

$1,050,000 $695 60 55

10.29% 10.23% -25.00% -21.82%

$520,000 $496 57 36

$445,500 $477 62 37

16.72% 4.11% -8.06% -2.70%

SFR

CONDO

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$330,500 $286 28 52

$305,000 $262 25 51

8.36% 9.33% 12.00% 1.96%

$610,000 $603 97 87

$559,000 $598 103 68

9.12% 0.77% -5.83% 27.94%

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

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$1,657,000 $682 67 63

$1,353,000 $668 66 53

22.47% 2.15% 1.52% 18.87%

$645,000 $521 30 83

$494,500 $471 36 63

30.43% 10.71% -16.67% 31.75%

“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 2016

deasypenner.com


MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA

HOLLYWOOD

SFR Q4 2016

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

$1,310,000 $662 15 24

Q4 2015 $849,000 $571 19 54

HOLLYWOOD HILLS EAST Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$1,391,000 $655 34 53

Q4 2015 $1,200,000 $605 37 59

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

Q4 2016

Q4 2015

% CHANGE

54.30% 16.06% -21.05% -55.56%

$599,500 $548 30 59

$615,500 $533 26 70

-2.60% 2.83% 15.38% -15.71%

SFR

CONDO

% CHANGE

Q4 2016

Q4 2015

% CHANGE

15.92% 8.32% -8.11% -10.17%

$572,000 $478 10 68

$527,500 $411 10 80

8.44% 16.38% 0.00% -15.00%

CONDO

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$880,005 $430 6 59

$975,000 $378 15 43

-9.74% 13.78% -60.00% 37.21%

$550,000 $372 3 121

$365,199 $311 3 78

50.60% 19.53% 0.00% 55.13%

SFR

CONDO

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$665,000 $398 3 33

$627,550 $296 1 69

5.97% 34.57% 200.00% -52.17%

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

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$1,731,250 $664 45 53

$1,515,000 $648 44 53

14.27% 2.40% 2.27% 0.00%

$609,750 $560 6 50

$567,500 $505 12 72

7.44% 10.86% -50.00% -30.56%

“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 2016

deasypenner.com


MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA

MID LOS ANGELES Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$608,750 $447 94 50

SFR Q4 2015 $550,000 $393 98 43

SILVER LAKE :: ECHO PARK Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$892,894 $694 81 58

Q4 2015 $854,500 $604 104 43

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

Q4 2016

Q4 2015

% CHANGE

10.68% 13.70% -4.08% 16.28%

$399,000 $395 5 26

$300,000 $380 7 43

33.00% 1 3.86% -28.57% -39.53%

SFR

CONDO

% CHANGE

Q4 2016

Q4 2015

% CHANGE

4.49% 15.00% -22.12% 34.88%

$705,000 $522 12 47

$612,450 $504 14 41

15.11% 3.51% -14.29% 14.63%

CONDO

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$1,317,500 $615 84 64

$1,325,000 $606 85 58

-0.57% 1.51% -1.18% 10.34%

$610,000 $437 47 74

$538,000 $400 43 68

13.38% 9.17% 9.30% 8.82%

SFR

CONDO

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$1,695,500 $786 92 67

$1,692,500 $814 116 73

0.18% -3.51% -20.69% -8.22%

$595,000 $588 22 49

$501,000 $550 24 72

18.76% 7.01% -8.33% -31.94%

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

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$1,020,000 $282 3 58

$784,000 $335 3 100

-23.14% -15.66% 0.00% -42.00%

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 :: Q4 2016

deasypenner.com


MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA

WESTWOOD :: CENTURY CITY Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$1,775,000 $828 57 58

Q4 2015 $1,806,500 $841 43 64

WEST HOLLYWOOD Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$1,709,050 $959 35 59

CONDO

% CHANGE

Q4 2016

Q4 2015

% CHANGE

-1.74% -1.55% 32.56% -9.38%

$899,500 $637 134 68

$771,150 $606 138 69

16.64% 5.15% -2.90% -1.45%

SFR Q4 2015 $1,512,500 $897 34 65

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

SFR

CONDO

% CHANGE

Q4 2016

Q4 2015

% CHANGE

13.00% 6.97% 2.94% -9.23%

$695,000 $691 88 57

$639,000 $646 99 51

8.76% 7.06% -11.11% 11.76%

SFR

CONDO

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$1,005,000 $654 29 42

$1,067,375 $777 34 57

-5.84% -15.83% -14.71% -26.32%

$805,000 $538 41 40

$683,472 $518 46 56

17.78% 3.89% -10.87% -28.57%

“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 2016

deasypenner.com


westside la area

NEIGHBORHOOD FOCUS Q4 2016 NEIGHBORHOOD

SINGLE FAMILY HOMES

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

6

$5,550,000

$2,272

Malibu

37

$2,450,000

$901

Marina Del Rey

16

$1,292,500

$813

Pacific Palisades

53

$3,268,000

$1,023

Palms - Mar Vista

82

$1,500,000

$791

3

$2,100,000

$681

Santa Monica

50

$2,285,000

$1,210

Venice

49

$1,856,000

$1,246

296

$2,537,688

$1,117

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 2016

deasypenner.com


westside la area

PROPERTIES SOLD Q4 2016

SINGLE FAMILY HOMES

82 53 49 Venice

Santa Monica

Pacific Palisades

Palms Mar Vista

50 37

6

3 Playa Vista

Malibu Beach

Marina del Rey

Malibu

16

“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 2016

deasypenner.com


westside la area

NEIGHBORHOOD FOCUS Q4 2016 NEIGHBORHOOD

CONDOMINIUM HOMES

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Malibu Beach

1

$787,000

$798

Malibu

3

$695,000

$548

Marina Del Rey

84

$860,000

$646

Pacific Palisades

21

$890,000

$585

Palms - Mar Vista

29

$639,000

$521

Playa Vista

32

$972,500

$622

Santa Monica

95

$1,040,000

$892

Venice

14

$1,100,500

$855

279

$873,000

$683

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 2016

deasypenner.com


westside la area

PROPERTIES SOLD CHANGE Q4 2016 — Q4 2015

CONDOMINIUM HOMES 2015

2016

% Change

-7%

+6%

90

60

-22%

+78%

+40%

30

+56%

0

-75%

-57%

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 2016

deasypenner.com


neighborhood spotlight

PLAYA DEL REY This coastal community, known for its rolling hills that rise up to 125-feet above sea level, offers its residents

A Look Inside Brooke William’s Playa Provisions

impressive vistas, modern condos, and beachfront lots.

Playa Provisions is the third endeavor for

A prime Silicon Beach location (Facebook LA, YouTube

Top Chef runner-up Brooke Williamson and

Space LA, and Microsoft are within minutes), Playa Del

husband Nick Roberts. The unique model has

Rey sits next to Marina del Rey, Ballona Creek, Playa Vista, and one of L.A.’s cleanest and least crowded beaches. The upscale residential neighborhood is no

four different restaurant concepts nestled within one 7,000-square foot, beach side location, including a bright and fun ice cream shop (with all ice creams made in-house) called Small Batch ; a casual market counter serving...

longer a sleepy beach community: Top Chef runner-up Brooke Williamson’s Playa Provisions houses a high-end restaurant, whiskey bar, casual market counter, and ice cream shop, and the beer and burger selection at The Tripel is on point. Get a taste of old school Playa at the cheese wedge-shaped Harbor Room, which is L.A.’s smallest bar. View more on our blog

HomeAsArt.com

The Market Report :: Q4 2016

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MARKET PERFORMANCE BY NEIGHBORHOOD :: WESTSIDE AREA

MALIBU BEACH Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$5,550,000 $2,272 6 238

SFR Q4 2015 $6,150,000 $2,103 13 184

MALIBU $2,450,000 $901 37 144

Q4 2015 $2,310,000 $949 49 145

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

Q4 2015

% CHANGE

-9.76% 8.02% -53.85% 29.35%

$787,000 $798 1 262

$1,005,000 $912 4 41

-21.69% -12.48% -75.00% 539.02%

CONDO

% CHANGE

Q4 2016

Q4 2015

% CHANGE

6.06% -4.99% -24.49% -0.69%

$695,000 $548 3 61

$576,000 $632 7 106

20.66% -13.35% -57.14% -42.45%

CONDO

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$1,292,500 $813 16 47

$1,830,000 $678 11 66

-29.37% 19.90% 45.45% -28.79%

$860,000 $646 84 61

$880,000 $586 79 55

-2.27% 10.17% 6.33% 10.91%

SFR

CONDO

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$3,268,000 $1,023 53 72

$2,610,000 $985 61 71

25.21% 3.89% -13.11% 1.41%

$890,000 $585 21 65

$862,500 $618 15 73

3.19% -5.32% 40.00% -10.96%

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

Q4 2016

SFR

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

% CHANGE

SFR Q4 2016

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

CONDO

SFR

CONDO

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$1,500,000 $791 82 46

$1,271,500 $761 88 46

17.97% 3.98% -6.82% 0.00%

$639,000 $521 29 47

$630,000 $486 37 52

1.43% 7.35% -21.62% -9.62%

“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

SFR Q4 2016

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

$2,100,000 $681 3 66

Q4 2015 $2,495,000 $766 3 24

SANTA MONICA Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$2,285,000 $1,210 50 58

% CHANGE

Q4 2016

Q4 2015

% CHANGE

-15.83% -11.14% 0.00% 175.00%

$972,500 $622 32 44

$927,500 $638 18 26

4.85% -2.51% 77.78% 69.23%

SFR Q4 2015 $2,547,500 $1,162 50 56

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

CONDO

CONDO

% CHANGE

Q4 2016

Q4 2015

% CHANGE

-10.30% 4.16% 0.00% 3.57%

$1,040,000 $892 95 55

$1,059,250 $848 102 71

-1.82% 5.23% -6.86% -22.54%

SFR

CONDO

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$1,856,000 $1,246 49 57

$1,718,500 $1,200 54 55

8.00% 3.80% -9.26% 3.64%

$1,100,500 $855 14 81

$1,280,000 $820 9 28

-14.02% 4.24% 55.56% 189.29%

“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 2016

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pasadena + san gabriel valley area

NEIGHBORHOOD FOCUS Q4 2016 NEIGHBORHOOD

SINGLE FAMILY HOMES

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

49

$665,000

$456

114

$1,179,000

$543

Altadena

88

$778,000

$468

Bradbury

5

$1,140,000

$500

53

$788,630

$526

123

$610,000

$369

Highland Park

93

$714,000

$577

La Crescenta / Glendale

87

$785,000

$505

La Cañada Flintridge

58

$1,675,000

$616

Monrovia

77

$620,000

$438

Mount Washington

37

$730,000

$508

Pasadena NE

109

$791,500

$492

Pasadena NW

41

$950,000

$516

Pasadena SE

62

$980,500

$567

Pasadena SW

20

$1,257,750

$746

Rosemead / South San Gabriel

46

$531,000

$428

San Gabriel

65

$770,000

$1,284

San Marino

30

$2,129,000

$845

Sierra Madre

20

$950,000

$593

South Pasadena

35

$1,300,000

$667

Sunland / Tujunga

96

$567,000

$402

TOTAL/AVERAGE

1,308

$948,161

$574

Alhambra Arcadia

Eagle Rock Glendora

“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 2016 SINGLE FAMILY HOMES 125

53

52

56

Pasadena SE

Pasadena NW

Pasadena NE

Mount Washington

Monrovia

La Cañada Flintridge

44

La Crescenta / Glendale

Highland Park

Glendora

Eagle Rock

Bradbury

Altadena

Arcadia

Alhambra

40

63

62

52

50 38

Sunland / Tujunga

53

58

South Pasadena

52

64

Sierra Madre

56

San Gabriel

54

Rosemead / South San Gabriel

50

71

Pasadena SW

58

San Marino

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.

The Market Report :: Q4 2016

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pasadena + san gabriel valley area

NEIGHBORHOOD FOCUS Q4 2016 NEIGHBORHOOD

CONDOMINIUM HOMES

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Alhambra

38

$474,000

$390

Arcadia

54

$649,000

$398

Altadena

2

$342,500

$384.29

Bradbury

NA

NA

NA

1

$385,000

$392

28

$475,000

$306

5

$352,000

$448

29

$459,000

$414

4

$940,000

$486

Monrovia

17

$425,000

$345

Mount Washington

NA

NA

NA

Pasadena NE

24

$494,500

$417

Pasadena NW

5

$588,000

$517

Pasadena SE

82

$497,000

$481

Pasadena SW

36

$889,250

$568

Rosemead / South San Gabriel

10

$405,750

$314

San Gabriel

15

$490,000

$366

San Marino

NA

NA

NA

5

$665,000

$396

South Pasadena

11

$630,000

$520

Sunland / Tujunga

33

$400,000

$318

TOTAL/AVERAGE

399

$531,167

$414

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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neighborhood spotlight

ALHAMBRA Located in the western San Gabriel Valley, just eight miles from Downtown Los Angeles, Alhambra is known

Izakaya Akatora :: Michael Cardenas New Eatery

for its high population of Asian Americans (almost half

Led by serial restaurateur Michael Cardenas,

of the city), top-rated elementary and high schools,

his most recent izakaya concept is tucked onto

and some of the best dim sum this side of the Pacific.

Main Street in the heart of Alhambra. On the

Predominant architecture styles in the area include Colonial Revival, Craftsman, Modern, Monterey, Ranch,

menu, guests can enjoy creative meat skewers and small plates, with a late night menu that will include ramen.

Spanish Colonial Revival, Tudor Revival, and Victorian. Check out Alhambra Place, a modern 120,000-squarefoot retail center on the corner of Main and Garfield, along with the Sunday Farmer’s Market, and spacious Granada Park. Each February, Valley Boulevard hosts the Alhambra Lunar New Year Celebration, featuring an art exhibit and street festival that draws 25,000 people.

Photography by Shant Kiraz

View more on our blog

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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA

ALHAMBRA

SFR Q4 2016

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

$665,000 $456 49 50

Q4 2015 $575,000 $420 60 55

ARCADIA $1,179,000 $543 114 71

Q4 2015 $1,375,000 $548 117 74

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

Q4 2015

% CHANGE

15.65% 8.57% -18.33% -9.09%

$474,000 $390 38 72

$461,000 $343 32 56

2.82% 13.52% 18.75% 28.57%

CONDO

% CHANGE

Q4 2016

Q4 2015

% CHANGE

-14.25% -0.88% -2.56% -4.05%

$649,000 $398 54 61

$625,000 $401 54 76

3.84% -0.96% 0.00% -19.74%

CONDO

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$778,000 $468 88 58

$700,000 $448 108 73

11.14% 4.44% -18.52% -20.55%

$342,500 $384 2 69

NA NA NA NA

NA NA NA NA

SFR

CONDO

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$1,140,000 $500 5 125

$5,825,000 $766 2 136

-80.43% -34.78% 150.00% -8.09%

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

Q4 2016

SFR

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

% CHANGE

SFR Q4 2016

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

CONDO

SFR

CONDO

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$788,630 $526 53 54

$685,000 $514 53 62

15.13% 2.25% 0.00% -12.90%

$385,000 $392 1 82

$450,500 $378 2 53

-14.54% 3.80% -50.00% 54.72%

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

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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA

GLENDORA

SFR Q4 2016

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

$610,000 $369 123 52

Q4 2015 $535,000 $348 107 70

HIGHLAND PARK

CONDO

% CHANGE

Q4 2016

Q4 2015

% CHANGE

14.02% 6.14% 14.95% -25.71%

$475,000 $306 28 75

$420,000 $291 5 139

13.00% 5.16% 460.00% -46.04%

SFR

CONDO

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$617,250 $491 66 53

15.67% 17.38% 40.91% -24.53%

$352,000 $448 5 39

$320,000 $362 5 50

10.00% 23.62% 0.00% -22.00%

LA CRESCENTA :: GLENDALE

SFR

Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

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

$714,000 $577 93 40

Q4 2015

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$785,000 $505 87 56

$736,000 $485 76 47

6.66% 4.22% 14.47% 19.15%

$459,000 $414 29 47

$465,100 $360 24 61

-1.31% 14.94% 20.83% 22.95%

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

SFR

CONDO

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$1,675,000 $616 58 64

$1,650,000 $631 61 62

1.52% -2.45% -4.62% 3.23%

$940,000 $486 4 59

$920,000 $441 1 14

2.17% 10.06% 300.00% 321.43%

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

CONDO

SFR

CONDO

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$620,000 $438 77 53

$650,000 $425 61 71

-4.62% 3.04% 26.23% -25.35%

$425,000 $345 17 50

$390,500 $343 26 68

8.83% 0.46% -34.62% -26.47%

“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 Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$730,000 $508 37 53

SFR Q4 2015 $775,000 $524 37 46

PASADENA NE Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$791,500 $492 109 52

Q4 2015 $692,500 $487 102 54

Q4 2015

% CHANGE

-5.81% -3.06% 0.00% 15.22%

NA NA NA NA

NA NA NA NA

NA NA NA NA

CONDO

% CHANGE

Q4 2016

Q4 2015

% CHANGE

14.30% 0.96% 6.86% -3.70%

$494,500 $417 24 46

$472,000 $378 23 43

4.77% 10.33% 4.35% 6.98%

CONDO

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$950,000 $516 41 71

$730,000 $505 47 59

30.14% 2.23% -12.77% 20.34%

$588,000 $517 5 106

$585,125 $398 8 43

0.49% 29.95% -37.50% 146.51%

SFR

CONDO

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$980,500 $567 62 58

$1,090,000 $575 34 73

-10.05% 1.41% 82.35% -20.55%

$497,000 $481 82 53

$520,000 $457 94 60

-4.42% 5.33% -12.77% -11.67%

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

Q4 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

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$1,257,750 $746 20 44

$1,125,000 $630 27 72

11.80% 18.52% -25.93% -38.89%

$889,250 $568 36 58

$660,250 $481 28 72

34.68% 18.13% 28.57% -19.44%

“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 Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$531,000 $428 46 56

Q4 2015 $535,000 $394 48 54

SAN GABRIEL $770,000 $1,284 65 38

Q4 2015 $703,500 $438 60 57

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

% CHANGE

Q4 2016

Q4 2015

% CHANGE

-0.75% 8.59% -4.17% 3.70%

$405,750 $314 10 36

$388,000 $302 9 58

4.57% 3.84% 11.11% -37.93%

CONDO

% CHANGE

Q4 2016

Q4 2015

% CHANGE

9.45% 193.11% 8.33% -33.33%

$490,000 $366 15 46

$549,990 $341 23 48

-10.91% 7.50% -34.78% 4.17%

SFR

CONDO

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$2,129,000 $845 30 62

$2,250,000 $833 32 50

-5.38% 1.45% -6.25% 24.00%

NA NA NA NA

NA NA NA NA

NA NA NA NA

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

SFR

CONDO

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$950,000 $593 20 50

$920,000 $487 29 65

3.26% 21.78% -31.03% -23.08%

$665,000 $396 5 48

$607,000 $442 10 46

9.56% -10.34% -50.00% 4.35%

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

CONDO

SFR Q4 2016

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

SFR

SFR

CONDO

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$1,300,000 $667 35 63

$1,289,500 $577 32 50

0.81% 15.47% 9.38% 26.00%

$630,000 $520 11 32

$540,000 $469 17 45

16.67% 11.04% -35.29% -28.89%

“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 Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$567,000 $402 96 52

SFR Q4 2015 $505,099 $382 100 62

CONDO

% CHANGE

Q4 2016

Q4 2015

% CHANGE

12.26% 5.24% -4.00% -16.13%

$400,000 $318 33 54

$338,000 $279 24 42

18.34% 13.84% 37.50% 28.57%

“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 2016

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coachella valley area

NEIGHBORHOOD FOCUS Q4 2016

SINGLE FAMILY HOMES

NEIGHBORHOOD

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Cathedral City North

108

$285,000

$160

Cathedral City South

38

$329,000

$192

Indian Wells

44

$780,000

$284

La Quinta No of HWY 111

42

$355,000

$170

La Quinta S.Of H

212

$509,000

$226

Palm Desert East

71

$350,000

$184

Palm Desert North

41

$370,000

$191

Palm Desert South

41

$420,000

$261

Palm Springs Central

59

$670,000

$340

Palm Springs North End

81

$399,999

$228

Palm Springs South End

88

$648,627

$314

Rancho Mirage

82

$567,709

$221

907

$437,695

$231

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

Q4 2016 — Q4 2015 SINGLE FAMILY HOMES 2015 2016 $500k

$375k

$250k

$125k

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

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 2016

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coachella valley area

NEIGHBORHOOD FOCUS Q4 2016

CONDOMINIUM HOMES

NEIGHBORHOOD

# OF SALES

MED. SALE PRICE

PRICE / SQ. FT.

Cathedral City North

17

$115,000

$111

Cathedral City South

28

$169,950

$126

Indian Wells

20

$416,000

$186

La Quinta No of HWY 111

11

$193,000

$195

La Quinta S.Of H

42

$317,250

$196

Palm Desert East

97

$255,000

$169

Palm Desert North

49

$238,000

$166

Palm Desert South

33

$224,900

$178

Palm Springs Central

61

$217,000

$199

Palm Springs North End

42

$118,500

$171

Palm Springs South End

120

$223,750

$181

72

$257,000

$156

592

$228,779

$169

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

The Art & Design Of Coachella :: 2016

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

From a circular, mirrored rest area to pillar-like

community. From stylish boutique hotels and high-end

structures, today we tour through Coachella’s

vintage shopping to the annual Modernism Week, the

captivating art installations.

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, 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 Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$285,000 $160 108 78

Q4 2015 $272,000 $154 77 83

CATHEDRAL CITY SOUTH Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$329,000 $192 38 111

Q4 2015 $297,000 $181 19 136

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

% CHANGE

Q4 2016

Q4 2015

% CHANGE

4.78% 4.09% 40.26% -6.02%

$115,000 $111 17 179

$125,000 $111 15 121

-8.00% 0.00% 13.33% 47.93%

SFR

CONDO

% CHANGE

Q4 2016

Q4 2015

% CHANGE

10.77% 6.10% 100.00% -18.38%

$169,950 $126 28 146

$146,917 $117 26 95

15.68% 7.18% 7.69% 53.68%

CONDO

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$780,000 $284 44 119

$701,500 $253 38 137

11.19% 12.19% 15.79% -13.14%

$416,000 $186 20 119

$354,000 $199 24 142

17.51% -6.62% -16.67% -16.20%

SFR

CONDO

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$355,000 $170 42 78

$373,500 $1755 49 103

-4.95% -2.87% -14.29% -24.27%

$193,000 $195 11 135

$179,500 $127 2 105

7.82% 53.57% 450.00% 28.57%

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

CONDO

SFR

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

SFR

SFR

CONDO

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$509,000 $226 212 108

$469,500 $228 206 131

8.41% -0.72% 2.91% -17.56%

$317,250 $196 42 117

$314,500 $191 32 139

0.87% 2.18% 31.25% -15.83%

“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 Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$350,000 $184 71 106

SFR Q4 2015 $305,000 $188 65 117

PALM DESERT NORTH Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$370,000 $191 41 83

Q4 2015 $371,671 $186 54 123

Q4 2015

% CHANGE

14.75% -2.08% 9.23% -9.40%

$255,000 $169 97 101

$240,000 $169 69 113

6.25% 0.00% 40.58% -10.62%

CONDO

% CHANGE

Q4 2016

Q4 2015

% CHANGE

-0.45% 2.68% -24.07% -32.52%

$238,000 $166 49 100

$265,000 $180 38 112

-10.19% -7.63% 28.95% -10.71%

CONDO

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$420,000 $261 41 85

$461,500 $251 38 113

-8.99% 4.10% 7.89% -24.78%

$224,900 $178 33 112

$259,000 $179 49 106

-13.17% -0.41% -32.65% 5.66%

SFR

CONDO

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$670,000 $340 59 102

$600,000 $342 53 143

11.67% -0.43% 11.32% -28.67%

$217,000 $199 61 104

$216,800 $200 73 95

0.09% -0.65% -16.44% 9.47%

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

Q4 2016

SFR

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

% CHANGE

SFR

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

CONDO

SFR

CONDO

Q4 2016

Q4 2015

% CHANGE

Q4 2016

Q4 2015

% CHANGE

$399,999 $228 81 104

$390,000 $227 83 92

2.56% 0.59% -2.41% 13.04%

$118,500 $171 42 81

$135,000 $173 43 79

-12.22% -1.05% -2.33% 2.53%

“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.

The Market Report :: Q4 2016

deasypenner.com


MARKET PERFORMANCE BY NEIGHBORHOOD :: COACHELLA VALLEY AREA

PALM SPRINGS SOUTH END Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$648,627 $314 88 118

Q4 2015 $628,000 $298 67 91

RANCHO MIRAGE Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market

$567,709 $221 82 101

SFR

CONDO

% CHANGE

Q4 2016

Q4 2015

% CHANGE

3.28% 5.31% 31.34% 29.67%

$223,750 $181 120 108

$228,000 $176 101 98

-1.86% 2.44% 18.81% 10.20%

SFR Q4 2015 $622,500 $240 67 147

CONDO

% CHANGE

Q4 2016

Q4 2015

% CHANGE

-8.80% -7.78% 22.39% -31.29%

$257,000 $156 72 139

$295,000 $162 55 111

-12.88% -3.74% 30.91% 25.23%

“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 2016

deasypenner.com


WHAT’S NEW ON HOMEASART.COM


Pantone Announces 2017 Color of the Year :: dpp Green! Pantone has announced its Color of the Year for 2017: a refreshing and revitalizing shade called “greenery” that evokes the first days of spring. Here’s a roundup of our favorite dpp listings with vibrant hints of greenery.

We share our passion for design on our blog

HomeAsArt.com Photography by Brian Linder

The Market Report :: Q4 2016

deasypenner.com


Pierre Koenig’s Historic Case Study House #21

Torun Captures Modern Architecture in Turkey

Built in 1958, the Bailey House

Here’s a look at artist Yener Torun’s

was designed by architect Pierre

photography series that offers an

Koenig as part of the Case Study

alternative view of historic Turkish

House program sponsored Arts &

cities. He captures highly saturated

Architecture magazine. Case Study

scenes of modern buildings

House #21 is a perfect example of

with bold geometric shapes and

mid-century modern style and is for

symmetry.

sale in the Hollywood Hills.

Photography by Grant Mudford

The Market Report :: Q4 2016

Photography by cimkedi

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 | Venice | Santa Monica | Palm Springs 310.275.1000 626.683.0777 info@deasypenner.com

deasy/penner&partners


deasy/penner Q4 2016 Market Analysis Report  

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

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