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ENGEL & VÖLKERS Market Report Pacific Palisades 2018 • Quarter 4

Table of Contents Pacific Palisades: Overview 2-3

The Riviera 16

Pacific Palisades - Single Family Residences 4

Rustic Canyon 17

Alphabet Streets 5 The Bluffs 6 Castellammare 7 The Highlands: Overview 8 The Highlands - Single Family Residences 9 The Highlands - Condominiums 10 Huntington Palisades: Overview 11 Huntington Palisades 12 Marquez Knolls: Overview 13 Marquez Knolls 14 The Riviera: Overview 15

Pacific Palisades

North of Santa Monica and south of Malibu, Pacific Palisades is a coastal community known for its luxury homes, affluent community, and a unique landscape shaped by six major canyons formed by the Santa Monica Mountains. Because of the exceptional lifestyle, the Palisades attracts many celebrities, as well as the very affluent, with its small town feel amongst a large city. Pacific Palisades is primarily a residential area, with a mixture of large, private homes, small (usually older) houses, condominiums, and apartments. Pacific Palisades is one of the nationâ€™s most picturesque, welcoming, and heritage-rich coastal communities. The area known as Palisades Village offers an array of restaurants, cafĂŠs, and coffee shops, as well as boutiques, high-end shops, banks, and commercial offices. Palisades Village recently underwent an extensive revitalization, led by Caruso, and re-opened in September of 2018. Residents can enjoy memberships at several private clubs, including the Riviera Country Club, Bel-Air Bay Club, and the Brentwood Country Club in neighboring Brentwood. The Getty Villa (the original J. Paul Getty Museum) is also located within the Palisades. Several state parks in the northern section of Pacific Palisades, including Will Rogers Historic Park, Santa Ynez County Park, Rustic Canyon Park and Topanga State Park, offer hiking and outdoor sports that are both rigorous and relaxing. The area currently has approximately 27,000 residents. A variety of private, public, and charter schools serve Pacific Palisades. Within the public school system, elementary school children are assigned to either Palisades Elementary School, Canyon Elementary School, or Marquez Elementary School. All residents are zoned to Paul Revere Charter Middle School and Palisades Charter High School.

Pacific Palisades

Pacific Palisades is comprised of several neighborhoods. The most notable residential neighborhoods include: the Alphabet Streets, The Bluffs, Castellammare, The Highlands, Huntington Palisades, Marquez Knolls, The Riviera, and Rustic Canyon. Homes in the Palisades range from slightly under $1 million for a condo/townhome, to around $1.5 million for an older, smaller home in the Alphabet or Marquez Knolls areas to well over $10 million for an estate in one of the more prestigious neighborhoods such as the Riviera, Huntington Palisades, or the community of Ridgeview Country Estates â€“ a gated community of luxury estates. The largest home sale in the Palisades in 2018 was a sale on San Remo Drive, purchased for $33,850,670. This traditonal Georgian-style house resides on over one acrea of land in the Riviera. The second largest sale in Q4 was the house next door to the previously mentioned sale on San Remo Drive, which was sold by Hollywood actors Ben Affleck and Jennifer Garner. This home was purchased by singer Adam Levine and model Behati Prinsloo for $31,950,000.

Pacific Palisades - Single Family Residences There were 64 single family homes sold in the last quarter of 2018. The average price per square foot for the entire city of Pacific Palisades was $1,062, representing a decrease of 4.7% from the same period last year. The average sales price was $3,926,114, a decrease of 2.3% from the last quarter of 2017, while the median sales price grew slightly by 2.9% to $3,436,000. Overall, the combined average annual growth in prices for homes in Pacific Palisades equals approximately 6.9% over the last ten years.

Pacific Palisades - Single Family All - Q4 2018

Q4-2018 Average Sales Price Average Price per SF Median Sale Price Number of Sales Days on the Market Sale Price to Listing Price % New Listings Year-to-Date Average Sales Price Average Price per SF Median Sale Price Number of Sales

Q4-18 $3,926,114 $1,062 $3,436,000 64 50 96.6% 16 2018 $4,266,314 $1,165 $3,350,000 231

Pacific Palisades Single Family All Areas - 10 Year Performance 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Number Average Sales Median Sales of Sales Price Price/SF % Change Price 197 $2,338,407 $678 N/A $1,900,000 262 $2,239,514 $681 0.3% $1,783,000 273 $2,063,236 $661 -2.9% $1,650,000 285 $2,507,777 $709 7.3% $1,935,375 323 $2,762,117 $818 15.3% $2,237,500 303 $3,184,229 $926 13.3% $2,500,000 288 $3,455,043 $1,013 9.3% $2,817,000 257 $3,547,823 $1,037 2.4% $2,795,000 259 $3,959,788 $1,125 8.4% $3,150,000 231 $4,266,314 $1,165 3.6% $3,350,000 CAAG 6.9%

YoY% -2.3% -4.7% 2.9% 16.4% -12.3% -0.7% -75.0% YoY% 6.9% 3.6% 6.3% -10.8%

Q4-17 $4,018,319 $1,115 $3,340,000 55 57 97.3% 64 2017 $3,989,788 $1,125 $3,150,000 259

QoQ% 0.7% -11.7% 10.5% 18.5% 2.0% -1.2% -86.7%

Q3-18 $3,900,555 $1,203 $3,109,000 54 49 97.8% 120

Pacific Palisades Single Family 10 YEAR VOLUME, AVERAGE AND MEDIAN SALES PRICE $4,000,000 $3,750,000 $3,500,000 $3,250,000 $3,000,000 $2,750,000 $2,500,000 $2,250,000 $2,000,000 $1,750,000 $1,500,000

400 350 300 250 200 150 100

Average Sales Price Median Sales Price Number of Sales

Alphabet Streets The Alphabet Streets is the neighborhood that borders Palisades Village to the north of Sunset Boulevard. This area is characterized by its high density of single family homes on lively narrow streets. It is mostly a flat residential area and is walking distance to the Village. The streets, named after Methodist Bishops of the late 19th and early 20th century, are consecutively named beginning with A, B, C, D, etc. - hence the name Alphabet Streets. This neighborhood is usually very popular among young families due to its affordability compared to other neighborhoods in the Palisades, although prices have soared since the new Palisades Village has opened. Single family homes in this neighborhood range from approximately $2 million for a â€œstarterâ€? home to $5 million and higher for the larger, more modern homes. There were 13 homes sold in this neighborhood in the last quarter of 2018. The average sales price increased by 48.4% to $4,443,930, and the median sales price incresed by 37.8% to $3,800,000 year over year. The average price per square foot had a slight increase of only 0.4% to $1,231 from the same period last year. Overall, the combined average annual growth in prices for homes in the Alphabet Streets neighborhood equals approximately 8.2% over the last ten years.

Alphabet Streets - Single Family Q4 2018

Q4-18 $4,443,930 $1,231 $3,800,000 13 34 97.6% 15 2018 $4,233,340 $1,248 $3,895,000 45

YoY% 48.4% 0.4% 37.8% 30.0% 88.9% -1.1% 7.1% YoY% 18.9% 13.4% 21.6% -10.0%

Alphabet Streets - Single Family 10 Year Performance 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Number of Sales 24 38 57 37 57 53 61 45 50 45 CAAG

Average Sales Price $2,086,788 $1,861,882 $1,953,947 $1,940,695 $2,322,399 $2,604,524 $3,272,136 $3,205,589 $3,559,952 $4,233,340 8.2%

Price/SF $690 $737 $665 $714 $930 $926 $1,125 $1,112 $1,101 $1,248

% Change N/A 6.8% -9.9% 7.5% 30.2% -0.4% 21.5% -1.2% -1.0% 13.4%

Q4-17 $2,993,600 $1,226 $2,758,500 10 18 98.7% 14 2017 $3,559,952 $1,101 $3,202,500 50

QoQ% 1.1% -7.5% -4.4% 8.3% -45.2% 0.6% -6.3%

Q3-18 $4,397,187 $1,331 $3,975,000 12 62 97.0% 16

Alphabet Streets - Single Family 10 YEAR VOLUME AND AVERAGE SALES PRICE $4,500,000 $4,000,000 $3,500,000 $3,000,000

70 60 50

$2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000

40 30 20

Average Sales Price Number of Sales

The Bluffs The Bluffs community is located south (or west) of Sunset Boulevard, and north of Temescal Canyon Road. This mostly flat area enjoys tremendous ocean breezes and is proximate to the bluffs, overlooking the Pacific Ocean. The Bluffs are also conveniently close to The Village for shopping and dining, Will Rogers State Park and the beach. Homes in this neighborhood range from approximately $1.5 million for one of the smaller remaining homes to well over $5 million and up for newer homes. There were 16 single family homes sold in this neighborhood in the last quarter of 2018. The average sales price decreased by 1.6% to $3,327,000, while the median sales price increaed by 7.4% to $3,436,000 year over year. The average price per square foot was $1,180, representing a decrease of 2.7% from the same period last year. Overall, the combined average annual growth in price for homes in the Bluffs neighborhood equals approximately 7.2% over the last ten years.

The Bluffs - Single Family Q4 2018

Q4-18 $3,327,000 $1,180 $3,436,000 16 56 99.3% 4 2018 $3,658,608 $1,244 $3,436,500 46

The Bluffs - Single Family 10 Year Performance 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Number of Sales 31 47 47 53 53 53 60 56 59 59 CAAG

Average Sales Price $1,959,333 $2,036,271 $1,677,677 $2,297,944 $2,427,187 $2,750,927 $2,820,065 $3,098,251 $3,322,463 $3,658,608 7.2%

Price/SF $646 $661 $645 $726 $822 $899 $1,025 $1,113 $1,251 $1,244

% Change N/A 2.3% -2.4% 12.5% 13.2% 9.4% 14.0% 8.5% 12.5% -0.6%

YoY% -1.6% -2.7% 7.4% 23.1% 75.0% -0.7% -60.0% YoY% 10.1% -0.6% 16.5% -22.0%

Q4-17 $3,380,494 $1,213 $3,200,000 13 32 100.0% 10 2017 $3,322,463 $1,251 $2,950,000 59

QoQ% -10.8% -13.8% -0.5% 166.7% 40.0% 1.8% -83.3%

Q3-18 $3,730,333 $1,369 $3,453,500 6 40 97.6% 24

The Bluffs - Single Family 10 YEAR VOLUM E AND AVERAGE SALES PRICE $4,000,000 $3,500,000 $3,000,000 $2,500,000

70 60 50

$2,000,000 $1,500,000 $1,000,000 $500,000 $0

40 30 20

Average Sales Price Number of Sales

Castellammare The Castellammare neighborhood is located along Pacific Coast Highway (PCH) on small bluffs, much closer to sea-level, just north of where Sunset Boulevard meets PCH. This area is home to the Getty Villa and narrow, winding streets, which are reminiscent of the Amalfi Coast in Italy, and is mostly designated with Italian street names. Homes in this neighborhood enjoy magnificent ocean breezes and some of the most spectacular ocean views. Home styles vary, ranging from small villas to newer contemporary European and architectural-style estates. Prices range from just under $2 million for a small villa to over $5 million for the newer architectural homes. There was 1 single family home sold in this neighborhood in the fourth quarter of 2018. The property sold for $3,500,000 with a price per square foot of $814. Overall, the combined average annual growth in prices for homes in the Castellammare neighborhood equals approximately 11.6% over the last ten years.

Castellammare - Single Family Q4 2018

Q4-18 $3,500,000 $814 $3,500,000 1 132 77.9% 0 2018 $5,075,149 $1,251 $3,500,000 7

YoY% -7.6% 5.3% -16.7% -66.7% 18.9% 2.8% -100.0% YoY% 40.4% 6.5% 33.3% -30.0%

Castellammare - Single Family 10 Year Performance 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Number of Sales 11 7 17 12 13 8 8 10 10 7 CAAG

Average Sales Price $1,896,205 $2,571,071 $1,784,287 $1,657,625 $2,081,588 $2,169,813 $3,128,937 $3,228,800 $3,614,800 $5,075,149 11.6%

Price/SF % Change $696 N/A $768 10.3% $743 -3.3% $732 -1.5% $862 17.7% $975 13.1% $1,008 3.4% $1,146 13.7% $1,175 2.5% $1,251 6.5%

Q4-17 $3,788,000 $774 $4,200,000 3 111 75.8% 2 2017 $3,614,800 $1,175 $2,625,000 10

QoQ% -28.5% -52.0% 20.6% -66.7% 340.0% -20.7% -100.0%

Q3-18 $4,892,015 $1,697 $2,901,046 3 30 98.2% 4

Castellammare - Single Family 10 YEAR VOLUME AND AVERAGE SALES PRICE $3,750,000

$3,500,000 $3,250,000 $3,000,000 $2,750,000 $2,500,000 $2,250,000 $2,000,000

Number of Sales 5

$1,750,000 $1,500,000

Average Sales Price

The Highlands

The Highlands is a neighborhood located near the end of Sunset Boulevard, bordering Topanga Canyon, and is about ten minutes away from Palisades Village. It could almost be considered its own separate community nestled high up in the hills overlooking the ocean, five miles up Palisades Drive. Homes in this area are predominantly large in square footage and lot size. The Highlands is also one of the few neighborhoods in the Palisades where condos and townhomes can be found. Prices for single family homes in this neighborhood range from $2 million for the smaller, older homes, to just under $10 million for a larger, more updated home. Condos and townhomes range between approximately $700,000 and $2 million.

The Highlands - Single Family Residences There were 8 single family homes sold in The Highlands in the last quarter of 2018. Average and median sales prices experienced decreases of 5.4% and 12.3%, respectively, to $2,608,712, and $2,435,000 from the same period last year. The average price per square foot was steady at $665 compared to $699 from the same period last year. The Highlands is the most affordable area in Pacific Palisades with the least change recorded over the last ten years. The combined average annual growth in prices for homes in The Highlands equals approximately 3.6% over the last ten years.

Highlands - Single Family Q4 2018

Q4-18 $2,608,712 $665 $2,435,000 8 73 95.6% 1 2018 $2,714,716 $679 $2,475,000 24

Highlands - Single Family 10 Year Performance 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Number Average Sales of Sales Price 29 $1,981,431 35 $1,944,062 28 $1,932,451 43 $2,001,163 45 $2,137,744 43 $2,465,242 40 $2,347,393 32 $2,701,548 25 $2,769,752 24 $2,714,716 CAAG 3.6%

Price/SF $477 $442 $432 $468 $505 $587 $610 $651 $630 $679

% Change N/A -7.2% -2.3% 8.2% 7.9% 16.3% 3.9% 6.6% -3.3% 7.8%

YoY% -5.4% -0.5% -12.3% -11.1% -21.5% -2.9% -88.9% YoY% -2.0% 7.8% -10.8% -4.0%

Q4-17 $2,757,333 $669 $2,775,000 9 93 98.4% 9 2017 $2,769,752 $630 $2,775,000 25

QoQ% 8.5% -4.0% 9.7% 14.3% 121.2% -3.9% -93.8%

Q3-18 $2,403,500 $693 $2,219,000 7 33 99.4% 16

Highlands - Single Family 10 YEAR VOLUM E AND AVERAGE SALES PRICE $3,000,000 $2,500,000

50 45 40

$2,000,000

$1,500,000

30 25

$1,000,000 $500,000

20 15

Average Sales Price Number of Sales

The Highlands - Condominiums There were 9 condominium sales in The Highlands in the fourth quarter of 2018. Average and median sales prices experienced decreases of 2.4% and 6.1%, respectively, to $1,128,062 and $1,089,000 year over year. The average price per square foot was $597, representing an increase of 1.2% from the same period last year. Overall, the combined average annual growth in prices for condominiums in the The Highlands equals approximately 6.5% over the last ten years.

Highlands - Condominiums Q4 2018

Q4-18 $1,128,062 $597 $1,089,000 9 49 98.8% 2 2018 $1,253,535 $620 $1,265,000 34

YoY% -2.4% 1.2% -6.1% -18.2% 58.1% 0.8% -80.0% YoY% 7.3% 8.4% 9.1% -24.4%

Highlands - Condominiums 10 Year Performance 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Number of Sales 24 22 28 28 31 32 26 41 45 34 CAAG

Average Sales Price $713,156 $695,686 $678,551 $683,921 $809,816 $899,073 $1,003,173 $957,863 $1,168,360 $1,253,535 6.5%

Price/SF $397 $367 $348 $357 $401 $456 $518 $510 $572 $620

% Change N/A -7.6% -5.1% 2.5% 12.4% 13.7% 13.4% -1.6% 12.3% 8.4%

Q4-17 $1,155,390 $590 $1,160,000 11 31 98.0% 10 2017 $1,168,360 $572 $1,160,000 45

QoQ% -15.5% 3.0% -24.8% 80.0% 122.7% -0.1% -81.8%

Q3-18 $1,334,400 $580 $1,449,000 5 22 98.9% 11

Highlands - Condominiums 10 YEAR VOLUME AND AVERAGE SALES PRICE $1,250,000

$1,150,000

$1,050,000

$950,000

$850,000

$750,000

$650,000

Average Sales Price Number of Sales

Huntington Palisades

Just west of Chautauqua Boulevard and south of Sunset Boulevard lies the Huntington Palisades neighborhood. The Huntington has historically been one of the most coveted neighborhoods throughout the Westside of Los Angeles. This exclusive area is popular with affluent families due to its nice, wide and walkable streets. The area is known for its friendly neighborhood feel and is situated within a short drive from Palisades Village and the beach. It is also proximate to Palisades Park and the Rustic Canyon Recreation Center. Home prices in this neighborhood range anywhere from $2.4 million to over $20 million. The highest sale in the Huntington Palisades in 2018 was the sale of 14924 Camarosa Drive, which sold in April for $11,625,000.

Huntington Palisades There were 3 single family home sales in the last quarter of 2018 in the Huntington Palisades. The average and median sales prices were $6,516,000 and $6,235,000, representing a decrease of 22% and 21.1% from the fourth quarter of 2017. The average price per square foot also declined by 25.2% to $1,083. The overall combined average annual growth in price for homes in the Huntington Palisades neighborhood equals 9.3% over the last ten years.

Huntingon Palisades - Single Family Q4 2018

Q4-18 $6,516,000 $1,083 $6,235,000 3 27 98.6% 0 2018 $6,582,000 $1,467 $6,235,000 9

YoY% -22.0% -25.2% -21.1% -40.0% -71.0% 1.4% -100.0% YoY% 9.6% 13.7% 19.5% -43.8%

Huntington Palisades - Single Family 10 Year Performance 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Number of Sales 17 18 16 17 12 18 12 6 16 9 CAAG

Average Sales Price $2,960,488 $3,162,405 $3,422,451 $3,805,253 $4,779,870 $4,775,429 $5,975,233 $4,857,450 $6,007,937 $6,582,000 9.3%

Price/SF $770 $735 $785 $871 $1,020 $1,270 $1,192 $1,179 $1,290 $1,467

% Change N/A -4.5% 6.8% 10.9% 17.1% 24.5% -6.1% -1.1% 9.4% 13.7%

Q4-17 $8,350,000 $1,448 $7,900,000 5 93 97.3% 5 2017 $6,007,937 $1,290 $5,216,000 16

QoQ% 62.9% -29.6% 55.9% 200.0% 800.0% 10.9% -100.0%

Q3-18 $4,000,000 $1,538 $4,000,000 1 3 88.9% 7

Huntington Palisades - Single Family 10 YEAR VOLUME AND AVERAGE SALES PRICE $7,000,000

$6,000,000 $5,000,000 $4,000,000

15 Average Sales Price 10

$3,000,000 $2,000,000

Number of Sales

Marquez Knolls

The Marquez Knolls neighborhood is a large area located north of Sunset Boulevard, about a quarter mile west of Palisades Village across Temescal Canyon on the mountain upslope. Most of the homes in this area were built in the 50â€™s and 60â€™s and are mainly a collection of one- and two-story original and updated mid-century and traditionalstyle homes. The homes that lay high atop the hill offer spectacular views. This area is popular amongst younger families, due to its affordability compared to the other neighborhoods in the Palisades. It is also conveniently located close to town and the beach. Home prices in the Marquez Knolls area range from approximately $2 million to well over $4 million.

Marquez Knolls There were 6 single family homes sold in this neighborhood in the fourth quarter of 2018. The average and median sales prices increased by 61.8% and 23.4%, respectively, to $4,318,500 and $3,475,000 from the same period in 2017. The average price per square foot equaled $1,086, representing a decrease of 5.4% year over year. The overall combined average annual growth in price for homes in the Marquez Knolls neighborhood equals 8.5% over the last ten years.

Marquez Knolls - Single Family Q4 2018

Q4-18 $4,318,500 $1,086 $3,475,000 6 48 95.9% 1 2018 $3,469,756 $1,138 $2,778,000 31

YoY% 61.8% -5.4% 23.4% 50.0% -4.0% -2.1% -66.7% YoY% 9.2% 2.5% 1.4% -3.1%

Marquez Knolls - Single Family 10 Year Performance 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Number of Sales 27 44 64 39 49 45 38 35 32 31 CAAG

Average Sales Price $1,671,528 $1,893,000 $1,777,795 $1,697,745 $2,097,644 $2,196,170 $2,799,958 $2,471,242 $3,176,298 $3,469,756 8.5%

Price/SF $574 $675 $638 $581 $708 $834 $955 $918 $1,111 $1,138

% Change N/A 17.7% -5.4% -9.1% 22.0% 17.8% 14.6% -3.9% 21.0% 2.5%

Q4-17 $2,668,474 $1,148 $2,815,355 4 50 98.0% 3 2017 $3,176,298 $1,111 $2,740,330 32

QoQ% 33.1% -0.2% 16.5% -25.0% -38.5% -0.4% -93.8%

Q3-18 $3,244,187 $1,088 $2,983,750 8 78 96.3% 16

Marquez Knolls - Single Family 10 YEAR VOLUME AND AVERAGE SALES PRICE $3,700,000 $3,400,000 $3,100,000 $2,800,000 $2,500,000 $2,200,000 $1,900,000 $1,600,000 $1,300,000 $1,000,000

70 60 50 40

Average Sales Price

Number of Sales

20 10

The Riviera

Bordering Santa Monica and Brentwood, the Riviera neighborhood is located approximately two miles east of Palisades Village, and features the Riviera Country Club, home to the PGA tourâ€™s Genesis Open every February. The neighborhood is divided into north and south sections by Sunset Boulevard and is bordered by San Remo to the east and Amalfi Drive to the west. Locals often refer to the northern and southern portions as Upper Riv and Lower Riv to specify where they reside. The Riviera is a very upscale and exclusive neighborhood, yet it has the charm of the French and Italian Rivieras, with many homes having a Mediterranean style and feel. Homes in the Riviera are amongst the largest and most expensive on the Westside, and some of those located in the upper rim offer magnificent city, ocean, and mountain views. A large number of gated properties can be found in the Upper Riviera, one of the many features that attract families and celebrities to this neighborhood, due to the safety and privacy. This prosperous neighborhood is also conveniently located, offering easy access to Sunset Boulevard, the beach, and the adjacent neighborhoods of Brentwood and Santa Monica. Home prices in the Riviera range from approximately $3 million to well over $10 million.

The Riviera There was 4 single family homes sold in the Riviera in the final quarter of 2018. The average and median sales prices both decreased to $4,248,750, and $4,047,500 representing a 4.2% decrease in average price and an 8.8% decrease in median price from the same period last year. The average price per square foot also decreased by 14% to $1,180 year over year. There was an off-market sale for a home that sold for $31,950,000. This was the home of Hollywood actors Ben Affleck and Jennifer Garner. The house was purchased by singer Adam Levine and model Behati Prinsloo The overall combined average annual growth in price for homes in the Riviera equals 7.8% over the last ten years.

The Riviera - Single Family Q4 2018

Q4-18 $4,248,750 $1,180 $4,047,500 4 59 93.1% 0 2018 $9,968,104 $1,508 $6,187,500 16

The Riviera - Single Family 10 Year Performance 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Number Average Sales of Sales Price 16 $5,074,500 15 $4,507,340 20 $4,114,438 29 $4,926,724 24 $5,427,244 20 $6,651,914 18 $6,401,625 19 $8,184,621 16 $8,179,515 16 $9,968,104 CAAG 7.8%

Price/SF $979 $930 $896 $961 $1,003 $1,072 $1,195 $1,348 $1,392 $1,508

% Change N/A -4.9% -3.7% 7.3% 4.3% 6.9% 11.5% 12.8% 3.2% 8.4%

YoY% -4.2% -14.0% -8.8% 300.0% 195.0% -1.3% -100.0% YoY% 21.9% 8.4% -18.0% 0.0%

Q4-17 $4,436,250 $1,372 $4,436,250 1 20 94.4% 3 2017 $8,179,515 $1,392 $7,550,000 16

QoQ% -38.1% -24.1% -34.2% 33.3% 118.5% -4.9% -100.0%

Q3-18 $6,864,666 $1,554 $6,150,000 3 27 97.9% 13

The Riviera - Single Family 10 YEAR VOLUM E AND AVERAGE SALES PRICE $9,000,000 $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000

Average Sales Price Number of Sales

Rustic Canyon Rustic Canyon is the neighborhood east of Chautauqua Boulevard that dips into the Santa Monica Canyon. It is bordered by Sunset Boulevard to the north, Chautauqua Boulevard to the west, lower Santa Monica Canyon to the south, and Amalfi and Mesa Drive to the east. Rustic Canyon is home to Will Rogers State Park and many of the neighborhoodâ€™s homes are located within the site of the former Uplifterâ€™s Ranch. Homes in this neighborhood have a variety of architectural styles, including Craftsman, Spanish Colonial, and Cape Cod, amongst others. Due to its location, tucked in the mountains, yet close enough to everything that the Westside has to offer, this neighborhood is also very popular with the Hollywood elite. Home prices in Rustic Canyon range from approximately $2.3 million to over well $10 million. On average, there are only a few home sales in this neighborhood every year. In the fourth quarter of 2018, there was only one home sold. The property was an Architectural home that sold for $4,682,000. The average price per square foot was $1,069. Due to the low number of sales every year and the great variety of home styles and sizes, average and median prices fluctuate every year, not necessarily representing shifts in the market. The combined average annual growth in price for homes in the Rustic Canyon neighborhood dropped by 4.1% over the last ten years.

Rustic Canyon - Single Family Q4 2018

Q4-18 $4,682,000 $1,069 $4,682,000 1 30 97.6% 1 2018 $3,842,500 $736 $3,842,500 2

YoY% -76.6% -25.2% -76.6% 0.0% 150.0% -2.4% 0.0% YoY% -39.2% -49.0% 3.9% -71.4%

Rustic Canyon - Single Family 10 Year Performance

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Number of Sales 1 6 2 4 5 7 3 7 7 2 CAAG

Average Sales Price $5,600,000 $3,829,167 $2,015,000 $3,442,500 $4,134,000 $4,968,186 $4,816,000 $4,501,428 $6,321,428 $3,842,500 -4.1%

Price/SF $767 $1,254 $1,300 $844 $1,348 $973 $1,293 $1,188 $1,443 $736

% Change N/A 63.4% 3.7% -35.1% 59.7% -27.8% 33.0% -8.2% 21.5% -49.0%

Q4-17 $20,000,000 $1,429 $20,000,000 1 12 100.0% 1 2017 $6,321,428 $1,443 $3,700,000 7

QoQ% 55.9% 165.2% 55.9% 0.0% 11.1% -2.5% -50.0%

Q3-18 $3,003,000 $403 $3,003,000 1 27 100.1% 2

Rustic Canyon- Single Family 10 YEAR VOLUME AND AVERAGE SALES PRICE $6,500,000 $5,500,000 $4,500,000 $3,500,000 $2,500,000 $1,500,000 $500,000

8 7 6 5 4

Average Sales Price

Number of Sales

2 1 0

Published by: Engel & VĂślkers Santa Monica 1123 Montana Avenue Santa Monica, CA 90403 CalBRE# 01911544 Office +1-310-460-2525 Fax +1-310-576-2424 www.SantaMonica.EVUSA.com Disclaimer Based on information from the Association of REALTORSÂŽ/Multiple Listing as of 1/20/19. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. This is not intended as a solicitation if your property is currently listed with another broker.