THE MARKET REPORT Q1 - 2015
deasy/penner&partners
TABLE OF CONTENTS
3 - 5
YOUR GUIDE TO MARKET PERFORMANCE & ANALYSIS
6 EXPLORE YOUR NEIGHBORHOOD 7 - 14
LOS ANGELES AREA
15 - 19
WESTSIDE LA AREA
20 - 27
PASADENA + SAN GABRIEL VALLEY AREA
28
CONTACT US
YOUR GUIDE TO MARKET PERFORMANCE & ANALYSIS
la county
MARKET SNAPSHOT
SINGLE FAMILY HOMES
DATA*
Q1 2015
Q1 2014
% CHANGE
Median Price
$507,500
$470,000
7.98%
Average Price per Sq. Ft.
$382
$358
6.68%
Properties Sold
9,719
9,799
-0.82%
66
61
8.20%
Days on Market
Q1 2015
$507K $382
8% total median price
percent increase 2014-2015
66 total average price per sq. ft.
DAYS
total average days on market
“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 :: Q1 2015
deasypenner.com
4
la county
MARKET SNAPSHOT
CONDOMINIUM HOMES
DATA*
Q1 2015
Q1 2014
% CHANGE
Median Price
$409,000
$378,000
8.20%
Average Price per Sq. Ft.
$381
$352
8.14%
Properties Sold
3,571
3,353
6.50%
67
62
8.06%
Days on Market
Q1 2015
$409K $381
8% total median price
percent increase 2014-2015
67 total average price per sq. ft.
DAYS
total average days on market
“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 :: Q1 2015
deasypenner.com
5
EXPLORE YOUR NEIGHBORHOOD
los angeles area
NEIGHBORHOOD FOCUS Q1 2015 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
AVG. SALE PRICE
AVG. $ / SQ. FT.
Beverly Hills
33
$4,450,000
$1,276
Beverly Hills PO
28
$1,734,000
$720
Beverlywood
45
$895,000
$599
Beverly Center - Miracle
39
$1,380,000
$684
Brentwood
33
$2,800,000
$882
Cheviot Hills - Rancho Park
19
$1,455,000
$750
Culver City
42
$950,000
$640
Downtown LA
28
$307,000
$257
Hancock Park - Wilshire
63
$1,267,500
$614
Hollywood
20
$998,212
$741
Hollywood Hills East
26
$1,135,000
$557
Los Feliz
47
$1,350,000
$597
Mid - Los Angeles
85
$475,000
$319
Silver Lake - Echo Park
75
$755,000
$597
Studio City
56
$1,173,500
$560
Sunset Strip - HH West
94
$1,715,000
$792
Westwood - Century City
26
$1,680,000
$811
West Hollywood
35
$1,600,000
$806
West LA
19
$920,000
$676
812
$1,423,169
$678
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 :: Q1 2015
deasypenner.com
7
los angeles area
MEDIAN PRICE CHANGE 13%
11%
-25%
28%
35%
X%
25%
-10%
34%
9%
4%
3%
12%
Beverly Hills PO
Beverlywood
Beverly Center - Miracle
Brentwood
Cheviot Hills - Rancho Park
Culver City
Downtown LA
Hancock Park - Wilshire
Hollywood
Hollywood Hills East
Los Feliz
Mid - Los Angeles
Silver Lake - Echo Park
Studio City
Sunset Strip - HH West
-3%
48%
10%
West LA
6%
West Hollywood
-28%
Westwood - Century City
-16%
Beverly Hills
Q1 2015 — Q1 2014 SINGLE FAMILY HOMES
+
–
“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 :: Q1 2015
deasypenner.com
8
los angeles area
NEIGHBORHOOD FOCUS Q1 2015 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
AVG. SALE PRICE
AVG. $ / SQ. FT.
Beverly Hills
32
$1,170,000
$639
Beverly Hills PO
NA
NA
NA
Beverlywood
14
$598,250
$455
Beverly Center - Miracle
24
$679,250
$502
Brentwood
45
$735,000
$547
Cheviot Hills - Rancho Park
NA
NA
NA
Culver City
62
$430,000
$406
105
$560,000
$565
Hancock Park - Wilshire
38
$525,000
446
Hollywood
22
$645,000
$538
Hollywood Hills East
11
$385,000
$411
Los Feliz
12
$494,500
$537
Mid - Los Angeles
2
$360,000
$300
Silver Lake - Echo Park
7
$595,000
$435
Studio City
43
$485,000
$387
Sunset Strip - HH West
22
$563,750
$771
Westwood - Century City
110
$751,000
$556
West Hollywood
102
$650,000
$578
51
$630,000
$494
664
$608,234
$508
Downtown LA
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 :: Q1 2015
deasypenner.com
9
los angeles area
NA%
7%
13%
-5%
NA%
9%
9%
10%
19%
-21%
3%
17%
14%
-7%
21%
Beverlywood
Beverly Center - Miracle
Brentwood
Cheviot Hills - Rancho Park
Culver City
Downtown LA
Hancock Park - Wilshire
Hollywood
Hollywood Hills East
Los Feliz
Mid - Los Angeles
Silver Lake - Echo Park
Studio City
Sunset Strip - HH West
1%
8%
9%
West LA
-5%
Beverly Hills PO
CONDOMINIUM HOMES
Beverly Hills
West Hollywood
Q1 2015 — Q1 2014
Westwood - Century City
MEDIAN PRICE CHANGE
+
–
“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 :: Q1 2015
deasypenner.com
10
MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
BEVERLY HILLS Q1 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$4,450,000 $1,276 33 105
SFR Q1 2014 $5,325,000 $1,099 33 77
BEVERLY HILLS PO Q1 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,734,000 $720 28 101
Q1 2014 $2,415,000 $757 34 102
Q1 2014
% CHANGE
-16.43% 16.12% 0.00% 36.36%
$1,225,000 $658 25 102
-4.49% -2.88% 28.00% -7.84%
CONDO
% CHANGE
Q1 2015
Q1 2014
% CHANGE
-28.20% -4.84% -17.65% -0.98%
NA NA NA NA
NA NA NA NA
NA NA NA NA
CONDO
Q1 2015
Q1 2014
% CHANGE
Q1 2015
Q1 2014
% CHANGE
$895,000 $599 45 57
$847,500 $538 42 47
5.60% 11.37% 7.14% 21.28%
$598,250 $455 14 58
$561,550 $422 12 66
6.54% 7.75% 16.67% -12.12%
SFR
CONDO
Q1 2015
Q1 2014
% CHANGE
Q1 2015
Q1 2014
% CHANGE
$1,380,000 $684 39 57
$1,218,000 $599 42 49
13.30% 14.27% -7.14% 16.33%
$679,250 $502 24 75
$599,000 $543 19 84
13.40% -7.54% 26.32% -10.71%
BRENTWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q1 2015 $1,170,000 $639 32 94
SFR
BEVERLY CENTER :: MIRACLE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
SFR
BEVERLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q1 2015
Q1 2014
% CHANGE
Q1 2015
Q1 2014
% CHANGE
$2,800,000 $882 33 71
$2,530,000 $961 33 51
10.67% -8.23% 0.00% 39.22%
$735,000 $547 45 75
$776,000 $523 38 73
-5.28% 4.53% 18.42% 2.74%
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q1 2015
deasypenner.com
11
MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
CHEVIOT HILLS :: RANCHO PARK Q1 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,455,000 $750 19 80
Q1 2014 $1,951,800 $715 11 65
CULVER CITY Q1 2015 $950,000 $640 42 55
Q1 2014 $740,000 $541 31 52
DOWNTOWN LA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q1 2015
Q1 2014
% CHANGE
-25.45% 4.82% 72.73% 23.08%
NA NA NA NA
$585,000 $440 1 9
NA NA NA NA
CONDO
% CHANGE
Q1 2015
Q1 2014
% CHANGE
28.38% 18.24% 35.48% 5.77%
$430,000 $406 62 52
$395,000 $384 35 43
8.86% 5.58% 77.14% 20.93%
SFR
CONDO
Q1 2015
Q1 2014
% CHANGE
Q1 2015
Q1 2014
% CHANGE
$307,000 $257 28 85
$227,500 $191 32 76
34.95% 34.61% -12.50% 11.84%
$560,000 $565 105 72
$514,000 $517 114 67
8.95% 9.25% -7.89% 7.46%
HANCOCK PARK :: WILSHIRE
SFR
CONDO
Q1 2015
Q1 2014
% CHANGE
Q1 2015
Q1 2014
% CHANGE
$1,267,500 $614 62 63
$1,243,500 $561 62 66
1.93% 9.40% -2.04% -4.55%
$525,000 $446 38 63
$477,500 $409 36 70
9.95% 10.38% 5.56% -10.00%
HOLLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q1 2015
Q1 2014
% CHANGE
Q1 2015
Q1 2014
% CHANGE
$998,212 $741 20 70
$800,000 $531 9 44
24.78% 39.49% 122.22% 59.09%
$645,000 $538 22 75
$542,500 $449 20 58
18.89% 19.74% 10.00% 29.31%
“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 :: Q1 2015
deasypenner.com
12
MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
HOLLYWOOD HILLS EAST Q1 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,135,000 $557 26 90
Q1 2014 $1,255,000 $573 27 95
LOS FELIZ $1,350,000 $597 47 70
Q1 2014 $1,005,000 $582 54 60
MID LOS ANGELES Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q1 2015
Q1 2014
% CHANGE
-9.56% -2.79% -3.70% -5.26%
$385,000 $411 11 49
$490,000 $406 10 48
-21.43% 1.10% 10.00% 2.08%
CONDO
% CHANGE
Q1 2015
Q1 2014
% CHANGE
34.33% 2.62% -12.96% 16.67%
$494,500 $537 12 50
$481,000 $441 6 58
2.81% 21.80% 100.00% -13.79%
CONDO
Q1 2015
Q1 2014
% CHANGE
Q1 2015
Q1 2014
% CHANGE
$475,000 $319 85 64
$434,500 $304 88 64
9.32% 5.19% -3.41% 0.00%
$360,000 $300 2 172
$308,500 $268 2 7
16.69% 12.21% 0.00% 2,357.14%
SFR
CONDO
Q1 2015
Q1 2014
% CHANGE
Q1 2015
Q1 2014
% CHANGE
$755,000 $597 75 53
$725,000 $537 65 49
4.14% 11.21% 15.38% 8.16%
$595,000 $435 7 50
$521,000 $386 7 55
14.20% 12.61% 0.00% -9.09%
STUDIO CITY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
SFR
SILVER LAKE :: ECHO PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR Q1 2015
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q1 2015
Q1 2014
% CHANGE
Q1 2015
Q1 2014
% CHANGE
$1,173,500 $560 56 66
$1,140,000 $497 66 62
2.94% 12.65% -15.15% 6.45%
$485,000 $387 43 65
$520,000 $378 39 57
-6.73% 2.32% 10.26% 14.04%
“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 :: Q1 2015
deasypenner.com
13
MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
SUNSET STRIP :: HH WEST Q1 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,715,000 $792 94 79
Q1 2014 $1,527,500 $706 100 80
WESTWOOD :: CENTURY CITY Q1 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,680,000 $811 26 68
Q1 2014 $1,726,900 $752 28 50
WEST HOLLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
% CHANGE
Q1 2015
Q1 2014
% CHANGE
12.27% 12.25% -6.00% -1.25%
$563,750 $771 22 67
$467,500 $548 17 81
20.59% 40.72% 29.41% -17.28%
SFR
CONDO
% CHANGE
Q1 2015
Q1 2014
% CHANGE
-2.72% 7.89% -7.14% 36.00%
$751,000 $556 110 80
$741,000 $565 118 80
1.35% -1.56% -6.78% 0.00%
SFR
CONDO
Q1 2015
Q1 2014
% CHANGE
Q1 2015
Q1 2014
% CHANGE
$1,600,000 $806 35 62
$1,077,884 $676 29 57
48.44% 19.13% 20.69% 8.77%
$650,000 $578 102 72
$600,000 $550 87 55
8.33% 5.17% 17.24% 30.91%
WEST LA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q1 2015
Q1 2014
% CHANGE
Q1 2015
Q1 2014
% CHANGE
$920,000 $676 19 62
$835,000 $629 18 38
10.18% 7.43% 5.56% 63.16%
$630,000 $494 51 72
$577,000 $453 43 54
9.19% 9.05% 18.60% 33.33%
“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 :: Q1 2015
deasypenner.com
14
westside la area
NEIGHBORHOOD FOCUS Q1 2015 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
AVG. SALE PRICE
PRICE / SQ. FT.
7
$3,850,000
$1,867
Malibu
39
$2,084,625
$703
Marina Del Rey
15
$2,150,000
$670
Pacific Palisades
57
$3,100,000
$968
Palms - Mar Vista
62
$1,064,500
$689
5
$1,795,000
$528
Santa Monica
42
$2,300,000
$1,130
Venice
39
$1,499,000
$1,054
266
$2,230,391
$951
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 :: Q1 2015
deasypenner.com
15
westside la area
MEDIAN PRICE CHANGE
Q1 2015 — Q1 2014 SINGLE FAMILY HOMES Malibu Beach
Palms - Mar Vista $3,850,000
-39%
2015 2014
$1,064,500
4% $6,300,000
Malibu
2015 2014
Playa Vista $2,084,625
11%
2015 2014
$1,795,000
58% $1,870,000
Marina Del Rey
2015 2014
2015 2014
$2,300,000
19% $1,670,000
Pacific Palisades
2015 2014
2015 2014
$1,939,500
Venice $3,100,000
21%
$1,134,995
Santa Monica $2,150,000
29%
$1,025,000
$1,499,000
11% $2,562,500
2015 2014
$1,350,000
“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 :: Q1 2015
deasypenner.com
16
westside la area
NEIGHBORHOOD FOCUS Q1 2015 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
AVG. SALE PRICE
PRICE / SQ. FT.
NA
NA
NA
9
$880,000
$564
Marina Del Rey
63
$846,000
$574
Pacific Palisades
11
$885,000
$628
Palms - Mar Vista
21
$572,000
$444
Playa Vista
35
$775,000
$499
108
$899,000
$835
12
$1,200,000
$746
259
$865,286
$613
Malibu Beach Malibu
Santa Monica Venice TOTAL/AVERAGE
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q1 2015
deasypenner.com
17
MARKET PERFORMANCE BY NEIGHBORHOOD :: WESTSIDE AREA
MALIBU BEACH Q1 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$3,850,000 $1,867 7 206
SFR Q1 2014 $6,300,000 $2,190 11 150
MALIBU $2,084,625 $703 39 151
Q1 2014 $1,870,000 $677 37 164
MARINA DEL REY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q1 2014
% CHANGE
-38.89% -14.74% -36.36% 37.33%
NA NA NA NA
$1,426,500 $1,537 4 125
NA NA NA NA
CONDO
% CHANGE
Q1 2015
Q1 2014
% CHANGE
11.48% 3.85% 5.41% -7.93%
$880,000 $564 9 86
$700,000 $557 9 59
25.71% 1.18% 0.00% 45.76%
CONDO
Q1 2015
Q1 2014
% CHANGE
Q1 2015
Q1 2014
% CHANGE
$2,150,000 $670 15 63
$1,670,000 $561 12 59
28.74% 19.49% 25.00% 6.78%
$846,000 $574 63 74
$717,450 $502 68 83
17.92% 14.34% -7.35% -10.84%
SFR
CONDO
Q1 2015
Q1 2014
% CHANGE
Q1 2015
Q1 2014
% CHANGE
$3,100,000 $968 57 66
$2,562,500 $880 64 65
20.98% 9.99% -10.94% 1.54%
$885,000 $628 11 72
$915,000 $524 17 55
-3.28% 19.82% -35.29% 30.91%
PALMS :: MAR VISTA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q1 2015
SFR
PACIFIC PALISADES Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
SFR Q1 2015
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q1 2015
Q1 2014
% CHANGE
Q1 2015
Q1 2014
% CHANGE
$1,064,000 $689 62 52
$1,025,000 $645 67 55
3.85% 6.87% -7.46% -5.45%
$572,000 $444 21 54
$496,500 $424 26 55
15.21% 4.56% -19.23% -1.82%
“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.
The Market Report :: Q1 2015
deasypenner.com
18
MARKET PERFORMANCE BY NEIGHBORHOOD :: WESTSIDE AREA
PLAYA VISTA
SFR Q1 2015
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,795,000 $528 5 28
Q1 2014 $1,134,995 $478 1 33
SANTA MONICA Q1 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$2,300,000 $1,130 42 52
% CHANGE
Q1 2015
Q1 2014
% CHANGE
58.15% 10.51% 400.00% -15.15%
$775,000 $499 35 63
$645,000 $451 20 49
20.16% 10.65% 75.00% 28.57%
SFR Q1 2014 $1,939,500 $995 36 76
VENICE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
CONDO
% CHANGE
Q1 2015
Q1 2014
% CHANGE
18.59% 13.58% 16.67% -31.58%
$899,000 $835 108 65
$694,800 $669 79 63
29.39% 24.84% 36.71% 3.17%
SFR
CONDO
Q1 2015
Q1 2014
% CHANGE
Q1 2015
Q1 2014
% CHANGE
$1,499,000 $1,054 39 68
$1,350,000 $998 45 52
11.04% 5.62% -13.33% 30.77%
$1,200,000 $746 12 51
$1,054,500 $682 8 103
13.80% 9.33% 50.00% -50.49%
“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 :: Q1 2015
deasypenner.com
19
pasadena + san gabriel valley area
NEIGHBORHOOD FOCUS Q1 2015 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
AVG. SALE PRICE
PRICE / SQ. FT.
Alhambra
49
$585,000
$391
Arcadia
81
$1,298,000
$572
Altadena
83
$630,000
$407
Bradbury
7
$1,000,000
$533
Eagle Rock
35
$655,000
$495
Glendora
79
$536,000
$335
Highland Park
59
$580,000
$474
La Crescenta / Glendale
67
$690,000
$461
La Cañada Flintridge
35
$1,550,000
$627
Monrovia
54
$574,000
$413
Mount Washington
31
$675,000
$459
Pasadena NE
79
$705,000
$449
Pasadena NW
58
$581,000
$455
Pasadena SE
38
$1,032,500
$561
Pasadena SW
19
$1,046,500
$562
Rosemead / South San Gabriel
38
$489,444
$381
San Gabriel
48
$679,100
$440
San Marino
22
$2,237,500
$879
Sierra Madre
23
$925,000
$476
South Pasadena
22
$948,000
$555
Sunland / Tujunga
85
$455,000
$348
$851,050
$489
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 :: Q1 2015
deasypenner.com
20
pasadena + san gabriel valley area
PROPERTIES SOLD
Q1 2015 — Q1 2014 SINGLE FAMILY HOMES 2014
2015
150
100
50
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
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 :: Q1 2015
deasypenner.com
21
pasadena + san gabriel valley area
NEIGHBORHOOD FOCUS Q1 2015 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
AVG. SALE PRICE
PRICE / SQ. FT.
Alhambra
23
$429,000
$333
Arcadia
44
$631,000
$410
Altadena
2
$259,500
$307
Bradbury
NA
NA
NA
1
$186,500
$390
13
$390,000
$269
4
$281,600
$363
12
$511,000
$350
3
$510,000
$413
Monrovia
22
$401,500
$337
Mount Washington
NA
NA
NA
Pasadena NE
15
$394,000
$365
Pasadena NW
9
$510,000
$400
Pasadena SE
66
$503,500
$452
Pasadena SW
26
$610,000
$470
Rosemead / South San Gabriel
5
$385,000
$287
San Gabriel
6
$430,500
$308
San Marino
NA
NA
NA
3
$600,000
$445
11
$523,500
$462
Sunland / Tujunga
8
$315,500
$281
TOTAL/AVERAGE
273
$437,333
$369
Eagle Rock Glendora Highland Park La Crescenta / Glendale La Cañada Flintridge
Sierra Madre South Pasadena
“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 :: Q1 2015
deasypenner.com
22
MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
ALHAMBRA
SFR Q1 2015
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$585,000 $391 49 58
Q1 2014 $549,000 $367 46 43
ARCADIA $1,298,000 $572 81 71
Q1 2014 $1,600,000 $576 110 64
ALTADENA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q1 2014
% CHANGE
6.56% 6.38% 6.52% 34.88%
$429,000 $333 23 56
$425,000 $322 25 45
0.94% 3.25% -8.00% 24.44%
CONDO
% CHANGE
Q1 2015
Q1 2014
% CHANGE
-18.88% -0.64% -26.36% 10.94%
$631,000 $410 44 56
$570,000 $363 37 57
10.70% 12.99% 18.92% -1.75%
CONDO
Q1 2015
Q1 2014
% CHANGE
Q1 2015
Q1 2014
% CHANGE
$630,000 $407 83 69
$539,000 $384 79 54
16.88% 6.00% 5.06% 27.78%
$259,500 $307 2 19
$235,000 $263 3 91
10.43% 16.79% -33.33% -79.12%
SFR
CONDO
Q1 2015
Q1 2014
% CHANGE
Q1 2015
Q1 2014
% CHANGE
$1,000,000 $533 7 67
$2,831,000 $996 4 133
-64.68% -46.50% 75.00% -49.62%
NA NA NA 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
Q1 2015
SFR
BRADBURY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
SFR Q1 2015
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q1 2015
Q1 2014
% CHANGE
Q1 2015
Q1 2014
% CHANGE
$655,000 $495 35 39
$599,000 $427 41 44
9.35% 16.07% -14.63% -11.36%
$186,500 $390 1 207
$380,000 $291 2 72
-50.92% 34.14% -50.00% 187.50%
“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 :: Q1 2015
deasypenner.com
23
MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
GLENDORA
SFR Q1 2015
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$536,000 $335 79 65
Q1 2014 $500,000 $320 85 79
HIIGHLAND PARK
CONDO
% CHANGE
Q1 2015
Q1 2014
% CHANGE
7.20% 4.64% -7.06% -17.72%
$390,000 $269 13 85
$383,000 $262 22 89
1.83% 2.77% -40.91% -4.49%
SFR
CONDO
% CHANGE
Q1 2015
Q1 2014
% CHANGE
$505,500 $416 54 61
14.74% 13.92% 9.26% -8.20%
$281,500 $363 5 20
$305,000 $284 5 58
-7.70% 27.87% -20.00% -65.52%
LA CRESCENTA :: GLENDALE
SFR
Q1 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$580,000 $474 59 56
Q1 2014
Q1 2015
Q1 2014
% CHANGE
Q1 2015
Q1 2014
% CHANGE
$690,000 $461 67 58
$649,000 $432 54 56
6.32% 6.71% 24.07% 3.57%
$511,000 $350 12 54
$431,250 $323 16 42
18.49% 8.42% -25.00% 28.57%
LA CAÑADA FLINTRIDGE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
CONDO
Q1 2015
Q1 2014
% CHANGE
Q1 2015
Q1 2014
% CHANGE
$1,550,000 $627 35 56
$1,415,000 $572 52 72
9.54% 9.64% -32.69% -22.22%
$510,000 $413 3 49
$380,000 $344 1 69
34.21% 20.27% 200.00% -28.99%
MONROVIA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q1 2015
Q1 2014
% CHANGE
Q1 2015
JAN 2014
% CHANGE
$574,000 $413 54 57
$523,750 $392 52 68
9.59% 5.36% 3.85% -16.18%
$401,500 $337 22 73
$385,000 $320 13 47
4.29% 5.44% 69.23% 53.32%
“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 :: Q1 2015
deasypenner.com
24
MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
MOUNT WASHINGTON Q1 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$675,000 $459 31 79
SFR Q1 2014 $533,000 $458 30 60
PASADENA NE Q1 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$705,000 $449 79 49
Q1 2014 $635,000 $421 81 67
Q1 2014
% CHANGE
26.64% 0.18% 3.33% 31.67%
NA NA NA NA
NA NA NA NA
NA NA NA NA
CONDO
% CHANGE
Q1 2015
Q1 2014
% CHANGE
11.02% 6.54% -2.47% -26.87%
$394,000 $365 15 52
$479,000 $356 13 57
-17.75% 2.36% 15.38% -8.77%
CONDO
Q1 2015
Q1 2014
% CHANGE
Q1 2015
Q1 2014
% CHANGE
$581,000 $455 58 78
$447,000 $387 39 60
29.98% 17.57% 48.72% 30.00%
$510,000 $400 9 43
$450,000 $362 13 41
13.33% 10.30% -30.77% 4.88%
SFR
CONDO
Q1 2015
Q1 2014
% CHANGE
Q1 2015
Q1 2014
% CHANGE
$1,032,500 $561 38 79
$915,000 $547 45 49
12.84% 2.53% -15.56% 61.22%
$503,500 $452 66 85
$485,000 $426 76 68
3.81% 6.20% -13.16% 25.00%
PASADENA SW Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q1 2015
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
Q1 2015
Q1 2014
% CHANGE
Q1 2015
Q1 2014
% CHANGE
$1,046,500 $562 19 79
$850,000 $538 17 79
23.12% 4.56% 11.76% 0.00%
$610,000 $470 26 47
$590,000 $446 32 99
3.39% 5.29% -18.75% -52.53%
“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 :: Q1 2015
deasypenner.com
25
MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
ROSEMEAD :: S. SAN GABRIEL Q1 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$489,444 $381 38 84
Q1 2014 $444,444 $351 48 71
SAN GABRIEL $679,100 $440 48 50
Q1 2014 $638,000 $414 63 66
SAN MARINO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q1 2015
Q1 2014
% CHANGE
10.13% 8.66% -20.83% 18.31%
$385,000 $287 5 66
$385,500 $263 8 86
-0.13% 9.32% -37.50% -23.26%
CONDO
% CHANGE
Q1 2015
Q1 2014
% CHANGE
6.44% 6.27% -23.81% -24.24%
$430,500 $308 6 71
$467,450 $290 6 67
-7.90% 6.31% 0.00% 5.97%
SFR
CONDO
Q1 2015
Q1 2014
% CHANGE
Q1 2015
Q1 2014
% CHANGE
$2,237,500 $879 22 41
$2,200,000 $806 26 42
1.70% 9.01% -15.38% -2.38%
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
Q1 2015
Q1 2014
% CHANGE
Q1 2015
Q1 2014
% CHANGE
$925,000 $476 23 46
$942,500 $473 24 66
-1.86% 0.67% -4.17% -30.30%
$600,000 $445 3 65
$487,000 $405 4 63
23.20% 9.89% -25.00% 3.17%
S. PASADENA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR Q1 2015
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q1 2015
Q1 2014
% CHANGE
Q1 2015
Q1 2014
% CHANGE
$948,000 $555 22 47
$910,000 $583 31 47
4.18% -4.83% -29.03% 0.00%
$523,500 $462 11 40
$522,500 $430 10 52
0.19% 7.52% 10.00% -23.08%
“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 :: Q1 2015
deasypenner.com
26
MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
SUNLAND :: TUJUNGA Q1 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$455,000 $348 85 55
SFR Q1 2014 $430,000 $326 81 64
CONDO
% CHANGE
Q1 2015
Q1 2014
% CHANGE
5.81% 6.80% 4.94% -14.06%
$315,500 $281 8 95
$281,000 $222 16 65
12.28% 26.70% -50.00% 46.15%
“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 :: Q1 2015
deasypenner.com
27
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. Beverly Hills | Pasadena | Melrose :: Hancock Park | Venice Pod | Santa Monica Canyon 310.275.1000 626.683.0777 info@deasypenner.com
deasy/penner&partners