Q1 2019 MARKET REPORT
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YOUR GUIDE TO MARKET PERFORMANCE & ANALYSIS
la county :: market snapshot SINGLE FAMILY HOMES
CONDOMINIUM HOMES
Data*
Q1 2019
Q1 2018
% Change
Data*
Q1 2019
Q1 2018
% Change
Median Price
$640,000
$630,000
1.59%
Median Price
$500,000
$495,000
1.01%
Avg. Price / Sq. Ft.
$479
$471
1.69%
Avg. Price / Sq. Ft.
$472
$462
2.22%
Properties Sold
8,661
10,015
-13.52%
Properties Sold
3,152
3,609
-12.66%
Days on Market
52
46
13.04%
Days on Market
53
41
29.27%
MEDIAN PRICE
MEDIAN PRICE
$640,000
$500,000
vs Q1 2018
+2%
$630,000
DAYS ON THE MARKET
+1%
$495,000
PROPERTIES SOLD
52
46
Q1 2019
Q1 2018
DAYS
vs Q1 2018
3,152
3,609
Q1 2019
Q1 2018
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 :: Q1 2019
homeasart.com
EXPLORE YOUR NEIGHBORHOOD
los angeles area NEIGHBORHOOD FOCUS Q1 2019 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
MED. SALE PRICE
AVG. $ / SQ. FT.
Baldwin Hills
NA
NA
NA
Beverly Hills
24
$6,885,000
$1,441
Beverly Hills PO
19
$3,136,820
$1,031
Beverlywood
27
$1,550,000
$818
Beverly Center - Miracle
31
$2,200,000
$876
Brentwood
47
$3,135,000
$1,007
Cheviot Hills - Rancho Park
14
$2,289,000
$956
Culver City
45
$1,295,000
$911
Downtown LA
23
$428,000
$360
Hancock Park - Wilshire
48
$1,670,950
$815
Hollywood
15
$1,245,000
$820
Hollywood Hills East
32
$1,357,500
$721
Ladera Heights
4
$1,504,710
$491
Leimert Park
2
$642,500
$541
Los Feliz
34
$1,710,000
$777
Mid - Los Angeles
63
$805,000
$545
Silver Lake - Echo Park
61
$975,000
$774
Studio City
64
$1,585,000
$702
Sunset Strip - HH West
73
$2,017,000
$946
5
$990,000
$447
Westwood - Century City
21
$1,900,000
$948
West Hollywood
21
$1,900,000
$948
West LA
19
$1,250,000
$796
692
$1,839,613
$803
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 :: Q1 2019
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The Market Report :: Q1 2019
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
Q1 2019 — Q1 2018 SINGLE FAMILY HOMES 2018 2019
$7M
$5.25M
$3.5M
$1.75M
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.
homeasart.com
los angeles area NEIGHBORHOOD FOCUS Q1 2019 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
MED. SALE PRICE
AVG. $ / SQ. FT.
Baldwin Hills
1
$515,000
$507
Beverly Hills
14
$1,215,000
$778
Beverly Hills PO
NA
NA
NA
Beverlywood
11
$870,000
$656
Beverly Center - Miracle
21
$825,000
$684
Brentwood
29
$765,000
$678
Cheviot Hills - Rancho Park
NA
NA
NA
Culver City
41
$582,000
$579
Downtown LA
80
$607,500
$679
Hancock Park - Wilshire
36
$718,500
$533
Hollywood
23
$709,000
$594
Hollywood Hills East
9
$690,000
$522
Ladera Heights
1
$640,000
$408
NA
NA
NA
Los Feliz
9
$615,000
$578
Mid - Los Angeles
2
$538,750
$431
Silver Lake - Echo Park
17
$510,000
$598
Studio City
30
$668,750
$467
Sunset Strip - HH West
18
$602,750
$728
View Park
NA
NA
NA
Westwood - Century City
93
$920,000
$748
West Hollywood
66
$805,000
$732
West LA
28
$824,750
$622
529
$756,778
$640
Leimert 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 :: Q1 2019
homeasart.com
The Market Report :: Q1 2019
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
Q1 2019 CONDOMINIUM HOMES 2018 2019
$1.3M
$975K
$650K
$325K
0
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
homeasart.com
neighborhood spotlight
SOUTH LOS ANGELES With the Metro Crenshaw/LAX Line currently under construction, the Los Angeles Rams heading to their new Inglewood stadium in 2019, and the revamp of the Baldwin Hills Crenshaw Plaza into a pedestrian-oriented retail village à la The Grove, South LA is having a serious moment. Located south of the 10 Freeway and home
What You Get for $1.1 Million A 1962 Japanese-influenced post-and-beam house in Los Angeles, with three bedrooms and three and a half bathrooms, is on the market for $1.099 million. The great room has a tongue-and-groove ceiling and sunken...
to communities such as Baldwin Hills, Ladera Heights, Inglewood, View Heights, Jefferson Park, Leimert Park and View Park (recently added to the National Register of Historic Places), South LA is culturally and ethnically diverse and features a mixture of Spanish Colonial Revival, Ranch, Bungalows, Streamline Moderne, and Mid-Century Modern architecture. You’ll find locals climbing the stairs at Baldwin Park Scenic Overlook, dining at Woody’s Bar-B-Que, Orleans & York (voted Best Po-Boy by LA magazine), and Ackee Bamboo
View more on our blog
HomeAsArt.com
(authentic Jamaican), and attending the annual Leimert Park Village Book Fair, regarded as one of the best in the city. The Market Report :: Q1 2019
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
BALDWIN HILLS
SFR
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
NA NA NA NA
$929,000 $471 2 78
NA NA NA NA
$515,000 $507 1 89
$580,000 $315 1 6
-11.21% 61.16% 0.00% 1383.33%
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
BEVERLY HILLS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$6,885,000 $1,441 24 80
$6,602,500 $1,632 32 81
4.28% -11.73% -25.00% -1.23%
$1,215,000 $778 14 64
$1,232,500 $758 22 49
-1.42% 2.68% -36.36% 30.61%
SFR Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$3,136,820 $1,031 19 88
$2,407,000 $876 33 93
30.32% 17.66% -42.42% -5.38%
NA NA NA NA
$555,000 $772 1 161
NA NA NA NA
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$1,550,000 $818 27 61
$1,527,563 $751 28 47
1.47% 9.05% -3.57% 29.79%
$870,000 $656 11 66
$900,000 $621 9 53
-3.33% 5.63% 22.22% 24.53%
BEVERLY CENTER :: MIRACLE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2019
BEVERLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2019
BEVERLY HILLS PO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$2,200,000 $876 31 49
$1,810,000 $835 43 69
21.55% 4.95% -27.91% -28.99%
$825,000 $684 21 75
$739,575 $663 12 31
11.55% 3.16% 75.00% 141.94%
“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 2019
homeasart.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
BRENTWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$3,135,000 $1,007 47 67
$3,205,000 $1,029 57 80
-2.18% -2.15% -17.54% -16.25%
$765,000 $678 29 49
$823,500 $683 28 50
-7.10% -0.68% 3.57% -2.00%
CHEVIOT HILLS :: RANCHO PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$2,289,000 $956 14 60
$2,010,000 $926 16 46
13.88% 3.33% -12.50% 30.43%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$1,295,000 $911 45 43
$1,356,312 $883 38 40
-4.52% 3.10% 18.42% 7.50%
$582,000 $579 41 52
$622,500 $558 48 26
-6.51% 3.77% -14.58% 100.00%
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$428,000 $360 23 46
$366,430 $399 24 34
16.80% -9.69% -4.17% 35.29%
$607,500 $679 80 75
$610,000 $704 109 68
-0.41% -3.56% -26.61% 10.29%
HANCOCK PARK :: WILSHIRE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2018
DOWNTOWN LA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q1 2019
CULVER CITY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$1,670,950 $815 48 53
$1,790,000 $692 45 63
-6.65% 17.84% 6.67% -15.87%
$718,500 $533 36 63
$655,000 $519 39 42
9.69% 2.66% -7.69% 50.00%
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q1 2019
homeasart.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
HOLLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$1,245,000 $820 15 53
$1,225,000 $701 19 54
1.63% 17.00% -21.05% -1.85%
$709,000 $594 23 83
$695,000 $568 24 66
2.01% 4.53% -4.17% 25.76%
HOLLYWOOD HILLS EAST Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$1,357,500 $721 32 52
$1,383,500 $710 30 54
-1.88% 1.60% 6.67% -3.70%
$690,000 $522 9 59
$420,000 $507 3 50
64.29% 2.91% 200.00% 18.00%
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$1,504,710 $491 4 41
$1,210,000 $530 10 35
24.36% -7.22% -60.00% 17.14%
$640,000 $408 1 111
$600,000 $348 1 14
6.67% 17.13% 0.00% 692.86%
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$642,500 $541 2 13
NA NA NA NA
NA NA NA NA
NA NA NA NA
NA NA NA NA
NA NA NA NA
LOS FELIZ Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2018
LEIMERT PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q1 2019
LADERA HEIGHTS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$1,710,000 $777 34 58
$1,725,000 $760 45 56
-0.87% 2.15% -24.44% 3.57%
$615,000 $578 9 54
$735,000 $687 7 66
-16.33% -15.85% 28.57% -18.18%
“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 2019
homeasart.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
MID LOS ANGELES Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$805,000 $545 63 44
$748,500 $499 90 49
7.55% 9.27% -30.00% -10.20%
$538,750 $431 2 52
$760,000 $496 1 101
-29.11% -13.10% 100.00% -48.51%
SILVER LAKE :: ECHO PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$975,000 $774 61 56
$915,000 $741 79 56
6.56% 4.53% -22.78% 0.00%
$510,000 $598 17 66
$692,500 $582 10 25
-26.35% 2.68% 70.00% 164.00%
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$1,585,000 $702 64 65
$1,592,500 $640 80 49
-0.47% 9.75% -20.00% 32.65%
$668,750 $467 30 61
$620,000 $485 36 45
7.86% -3.87% -16.67% 35.56%
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$2,017,000 $946 73 63
$1,860,000 $902 92 66
8.44% 4.87% -20.65% -4.55%
$602,750 $728 18 41
$632,500 $608 20 71
-4.70% 19.83% -10.00% -42.25%
VIEW PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2018
SUNSET STRIP :: HH WEST Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q1 2019
STUDIO CITY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$990,000 $447 5 59
$1,207,500 $463 6 35
-18.01% -3.43% -16.67% 68.57%
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 :: Q1 2019
homeasart.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
WESTWOOD :: CENTURY CITY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$1,830,000 $867 21 52
$2,275,000 $926 33 37
-19.56% -6.36% -36.36% 40.54%
$920,000 $748 93 67
$975,000 $715 127 58
-5.64% 4.51% -26.77% 15.52%
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$1,900,000 $948 21 48
$1,975,000 $1,041 29 53
-3.80% -8.96% -27.59% -9.43%
$805,000 $732 66 53
$740,000 $714 80 44
8.78% 2.50% -17.50% 20.45%
WEST LA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2019
WEST HOLLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$1,250,000 $796 19 27
$1,319,325 $1,049 20 41
-5.25% -24.09% -5.00% -34.15%
$824,750 $622 28 43
$942,500 $617 22 28
-12.49% 0.91% 27.27% 53.57%
“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 :: Q1 2019
homeasart.com
westside la area
NEIGHBORHOOD FOCUS Q1 2019 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
8
$5,800,000
$3,101
Malibu
16
$3,252,500
$930
Marina Del Rey
17
$1,309,980
$929
Pacific Palisades
33
$3,080,000
$1,241
Palms - Mar Vista
76
$1,522,500
$873
4
$1,864,250
$722
Santa Monica
37
$2,350,000
$1,268
Venice
36
$2,130,000
$1,201
227
$2,663,654
$1,283
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 2019
homeasart.com
westside la area
NUMBER OF SALES Q1 2019
SINGLE FAMILY HOMES
76 37
Venice
Santa Monica
Palms - Mar Vista
36 33 16 8
4 Playa Vista
Malibu Beach
Malibu
Marina Del Rey
Pacific Palisades
17
“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 2019
homeasart.com
westside la area
NEIGHBORHOOD FOCUS Q1 2019 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Malibu Beach
5
$1,220,000
$1,510
Malibu
8
$807,500
$664
Marina Del Rey
64
$920,000
$689
Pacific Palisades
17
$1,175,000
$668
Palms - Mar Vista
16
$695,750
$657
Playa Vista
21
$1,094,500
$710
Santa Monica
71
$1,080,000
$992
3
$1,490,000
$934
205
$1,060,344
$853
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 2019
homeasart.com
neighborhood spotlight
SOUTH BAY From oceanfront properties in the Beach Cities to estates perched high atop the peninsula, the South Bay
Neutra-Designed Midcentury Modern Home
personifies the Southern California lifestyle. The Palos
In 1957, renowned architect Richard Neutra
Verdes Peninsula (encompassing Rolling Hills, Rolling
built a hillside home in Rancho Palos Verdes,
Hills Estates, Palos Verdes Estates, and Rancho Palos
Calif., for John Rados, a fellow Austrian
Verdes) and Manhattan Beach are two of the wealthiest communities in the U.S.—with high-ranking school districts and price tags to prove it. Best known as the
immigrant, and his wife. ‘They wanted a very clean, simple house. Simple in that it was very smooth lines and stuff like that,’ says their grandson, Bob Rados, Jr. His grandfather was a shipbuilder and owner and president of...
home of Southern California’s aerospace industry (and forward-thinking SpaceX), the South Bay also boasts an impressive number of Neutra houses (mainly on the peninsula), along with designs from Lloyd Wright and Schindler, and striking contemporary residences that deftly blend the indoor and outdoor living. Locals favor craft beer and charcuterie at Abigaile and massages at the oceanfront resort, Terrenea. View more on our blog
HomeAsArt.com The Market Report :: Q1 2019
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MARKET PERFORMANCE BY NEIGHBORHOOD :: WESTSIDE AREA
MALIBU BEACH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$5,800,000 $3,101 8 119
$5,447,614 $1,983 13 174
6.47% 56.37% -38.46% -31.61%
$1,220,000 $1,510 5 86
$1,030,000 $789 2 71
18.45% 91.36% 150.00% 21.13%
MALIBU Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$3,252,500 $930 16 91
$2,475,000 $917 37 120
31.41% 1.38% -56.76% -24.17%
$807,500 $664 8 94
$1,205,000 $700 14 48
-32.99% -5.13% -42.86% 95.83%
SFR Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$1,309,980 $929 17 67
$1,451,550 $992 19 78
-9.75% -6.27% -10.53% -14.10%
$920,000 $689 64 49
$967,000 $743 67 30
-4.86% -7.27% -4.48% 63.33%
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$3,080,000 $1,241 33 63
$3,285,343 $1,256 46 51
-6.25% -1.20% -28.26% 23.53%
$1,175,000 $668 17 47
$1,402,500 $725 14 73
-16.22% -7.82% 21.43% -35.62%
PALMS :: MAR VISTA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2019
PACIFIC PALISADES Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2019
MARINA DEL REY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$1,522,500 $873 76 41
$1,582,500 $888 76 44
-3.79% -1.69% 0.00% -6.82%
$695,750 $657 16 52
$650,000 $617 18 35
7.04% 6.50% -11.11% 48.57%
“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.
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MARKET PERFORMANCE BY NEIGHBORHOOD :: WESTSIDE AREA
PLAYA VISTA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$1,864,250 $722 4 84
$2,094,500 $785 4 56
-10.99% -7.98% 0.00% 50.00%
$1,094,500 $710 21 56
$931,500 $787 14 21
17.50% -9.72% 50.00% 166.67%
SANTA MONICA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$2,350,000 $1,268 37 60
$2,590,000 $1,145 37 43
-9.27% 10.82% 0.00% 39.53%
$1,080,000 $992 71 51
$1,175,000 $949 85 42
-8.09% 4.45% -16.47% 21.43%
VENICE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$2,130,000 $1,201 36 65
$2,000,000 $1,199 42 71
6.50% 0.10% -14.29% -8.45%
$1,490,000 $934 3 81
$1,510,000 $875 8 163
-1.32% 6.72% -62.50% -50.31%
“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 2019
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pasadena + san gabriel valley area
NEIGHBORHOOD FOCUS Q1 2019 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Alhambra
20
$717,500
$495
Arcadia
68
$1,345,000
$540
Altadena
68
$850,000
$537
Bradbury
3
$1,425,000
$515
Eagle Rock
37
$910,000
$693
Glendora
73
$579,000
$397
Highland Park
52
$830,000
$626
La Crescenta / Glendale
52
$865,000
$542
La Cañada Flintridge
32
$1,525,000
$670
Monrovia
43
$720,000
$486
Mount Washington
29
$903,000
$694
Pasadena NE
78
$872,500
$548
Pasadena NW
22
$850,000
$630
Pasadena SE
38
$1,297,500
$645
Pasadena SW
12
$1,651,500
$656
Rosemead / South San Gabriel
25
$678,000
$432
San Gabriel
35
$720,000
$512
San Marino
23
$2,350,000
$849
Sierra Madre
16
$950,000
$617
South Pasadena
28
$1,332,500
$712
Sunland / Tujunga
73
$620,000
$447
TOTAL/AVERAGE
827
$1,047,214
$583
“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 2019
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pasadena + san gabriel valley area
NEIGHBORHOOD FOCUS Q1 2019 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Alhambra
27
$560,000
$412
Arcadia
25
$660,000
$434
Altadena
NA
NA
NA
Bradbury
NA
NA
NA
1
$495,000
$516
20
$469,422
$336
8
$415,000
$447
11
$600,500
$428
2
$1,032,000
$544
Monrovia
20
$488,000
$386
Mount Washington
NA
NA
NA
Pasadena NE
11
$725,000
$456
Pasadena NW
7
$600,000
$392
Pasadena SE
55
$601,000
$526
Pasadena SW
20
$891,900
$615
9
$550,000
$342
San Gabriel
v14
$582,500
$393
San Marino
NA
NA
NA
Sierra Madre
5
$665,000
$510
South Pasadena
3
$855,000
$556
Sunland / Tujunga
12
$439,000
$382
TOTAL/AVERAGE
250
$625,254
$451
Eagle Rock Glendora Highland Park La Crescenta / Glendale La Cañada Flintridge
Rosemead / South San Gabriel
“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 2019
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pasadena + san gabriel valley area
AVERAGE DAYS ON MARKET
Q1 2019 CONDOMINIUM HOMES
85
56
49
55 42
41
63
62
62
59
53
47
48
44
39
33
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
11
“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 2019
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neighborhood spotlight
LA CAÑADA FLINTRIDGE The 17th most affluent city in the U.S., La Cañada Flintridge is filled with architecturally important homes
Midcentury With A-Frame Canopy Asks $1.7M
by Paul Revere Williams, Lloyd Wright, David A. Lopez,
With a large A-frame canopy and a sloping,
and Eugene Weston III. Named for the Spanish word,
asymmetrical roofline, this modern-style
cañada (pronounced “canyada”) meaning ravine, and
residence in La Cañada-Flintridge possesses a
its developer, U.S. State Senator Frank P. Flint, the area totals 8.6 square miles (listen up nature lovers), over
distinctly midcentury personality. Per the listing, the house was built in 1960 for big band leader and record store owner Val Grayson.
99 percent of which is protected land. Check out the local sights while horseback riding with the non-profit Flintridge Riding Club, relax in the 160-acre Descanso Gardens, and take in the picnic-friendly Music in the Park Summer Concert Series. After working up an appetite, scarf down an award-winning Proper Burger at Flintridge Proper. Bonus points: La Cañada Flintridge Unified School District is one of the top districts in the state.
The Market Report :: Q1 2019
View more on our blog
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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
ALHAMBRA
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$717,500 $495 20 46
$760,000 $529 37 31
-5.59% -6.48% -45.95% 48.39%
$560,000 $412 27 33
$560,000 $457 31 34
0.00% -9.87% -12.90% -2.94%
ARCADIA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$1,345,000 $540 68 70
$1,490,000 $554 77 59
-9.73% -2.54% -11.69% 18.64%
$660,000 $434 25 49
$661,000 $425 36 30
-0.15% 2.31% -30.56% 63.33%
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$850,000 $537 68 38
$830,000 $548 81 35
2.41% -1.97% -16.05% 8.57%
NA NA NA NA
$430,000 $546 1 41
NA NA NA NA
BRADBURY
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$1,425,000 $515 3 146
NA NA NA NA
NA 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
CONDO
Q1 2019
ALTADENA
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$910,000 $693 37 39
$867,500 $626 40 41
4.90% 10.57% -7.50% -4.88%
$495,000 $516 1 56
$612,500 $428 2 73
-19.18% 20.39% -50.00% -23.29%
“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.
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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
GLENDORA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$579,000 $397 73 42
$618,000 $407 85 34
-6.31% -2.48% -14.12% 23.53%
$469,422 $336 20 42
$499,995 $331 22 40
-6.11% 1.39% -9.09% 5.00%
HIGHLAND PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$830,000 $626 52 44
$785,000 $588 72 39
5.73% 6.47% -27.78% 12.82%
$415,000 $447 8 41
$487,500 $459 10 34
-14.87% -2.55% -20.00% 20.59%
CONDO
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$865,000 $542 52 45
$898,000 $569 66 41
-3.67% -4.77% -21.21% 9.76%
$600,500 $428 11 47
$516,500 $457 18 58
16.26% -6.39% -38.89% -18.97%
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$1,525,000 $670 32 56
$1,971,250 $710 32 30
-22.64% -5.58% 0.00% 86.67%
$1,032,000 $544 2 85
$887,500 $509 2 91
16.28% 6.87% 0.00% -6.59%
MONROVIA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q1 2019
LA CAÑADA FLINTRIDGE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2019
LA CRESCENTA :: GLENDALE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$720,000 $486 43 43
$675,000 $516 53 42
6.67% -5.87% -18.87% 2.38%
$488,000 $386 20 55
$499,000 $403 13 62
-2.20% -4.33% 53.85% -11.29%
“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 :: Q1 2019
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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
MOUNT WASHINGTON Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$903,000 $694 29 49
$850,000 $655 39 32
6.24% 6.00% -25.64% 53.13%
NA NA NA NA
$710,000 $414 1 165
NA NA NA NA
SFR Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$872,500 $548 78 45
$888,000 $574 69 38
-1.75% -4.67% 13.04% 18.42%
$725,000 $456 11 44
$545,000 $459 14 32
33.03% -0.68% -21.43% 37.50%
SFR Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$850,000 $630 22 64
$905,000 $569 39 59
-6.08% 10.66% -43.59% 8.47%
$600,000 $392 7 62
$620,750 $455 11 44
-3.34% -13.79% -36.36% 40.91%
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$1,297,500 $645 38 68
$1,275,000 $592 25 51
1.76% 8.85% 52.00% 33.33%
$601,000 $526 55 53
$560,000 $534 57 35
7.32% -1.65% -3.51% 51.43%
PASADENA SW Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2019
PASADENA SE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2019
PASADENA NW Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2019
PASADENA NE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$1,651,500 $656 12 37
$1,165,000 $622 21 66
41.76% 5.49% -42.86% -43.94%
$891,900 $615 20 63
$750,000 $573 31 46
18.92% 7.38% -35.48% 36.96%
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
ROSEMEAD :: S. SAN GABRIEL Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$678,000 $432 25 35
$613,000 $508 27 47
10.60% -14.99% -7.41% -25.53%
$550,000 $342 9 39
$564,900 $349 28 27
-2.64% -2.10% -67.86% 44.44%
SFR Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$720,000 $512 35 55
$803,500 $506 54 39
-10.39% 1.09% -35.19% 41.03%
$582,500 $393 14 62
$602,437 $416 18 49
-3.31% -5.58% -22.22% 26.53%
SFR Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$2,350,000 $849 23 91
$2,400,000 $867 23 77
-2.08% -2.14% 0.00% 18.18%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$950,000 $617 16 37
$945,000 $591 23 62
0.53% 4.42% -30.43% -40.32%
$665,000 $510 5 48
$678,750 $431 6 18
-2.03% 18.18% -16.67% 166.67%
S. PASADENA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2019
SIERRA MADRE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2019
SAN MARINO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2019
SAN GABRIEL Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$1,332,500 $712 28 52
$1,700,000 $741 22 38
-21.62% -3.95% 27.27% 36.84%
$855,000 $556 3 11
$610,000 $543 9 30
40.16% 2.45% -66.67% -63.33%
“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.
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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
SUNLAND :: TUJUNGA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$620,000 $447 73 54
$593,500 $443 78 49
4.47% 0.80% -6.41% 10.20%
$439,000 $382 12 59
$460,000 $318 7 55
-4.57% 20.04% 71.43% 7.27%
“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 2019
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coachella valley area
NEIGHBORHOOD FOCUS Q1 2019
SINGLE FAMILY HOMES
NEIGHBORHOOD
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Cathedral City North
91
$338,000
$191
Cathedral City South
30
$352,000
$208
Indian Wells
56
$947,500
$361
La Quinta No of HWY 111
28
$397,450
$195
La Quinta S.Of H
256
$572,500
$271
Palm Desert East
64
$395,000
$231
Palm Desert North
40
$447,500
$219
Palm Desert South
51
$620,000
$358
Palm Springs Central
66
$729,500
$422
Palm Springs North End
88
$465,500
$281
Palm Springs South End
86
$840,000
$377
Rancho Mirage
124
$729,500
$259
TOTAL/AVERAGE
980
$569,538
$281
“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
Q1 2019 — Q1 2018 SINGLE FAMILY HOMES 2019
2018
$1M
$750K
$500K
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
$250K
“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 2019
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coachella valley area
NEIGHBORHOOD FOCUS Q1 2019
CONDOMINIUM HOMES
NEIGHBORHOOD
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Cathedral City North
22
$166,250
$150
Cathedral City South
15
$198,000
$158
Indian Wells
25
$382,500
$220
La Quinta No of HWY 111
11
$225,000
$224
La Quinta S.Of H
47
$410,625
$213
Palm Desert East
134
$270,000
$192
Palm Desert North
73
$343,500
$223
Palm Desert South
60
$290,000
$221
Palm Springs Central
61
$260,000
$238
Palm Springs North End
42
$149,950
$212
Palm Springs South End
120
$268,750
$223
74
$352,500
$197
684
$276,423
$206
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.
The Market Report :: Q1 2019
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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
An Updated Palm Springs Estate Lists For $2.195M
is a haven for design buffs, heat seekers, and the LGBT
Located on one of the most coveted streets in
community. From stylish boutique hotels and high-end
Old Las Palmas, this renovated Palm Springs
vintage shopping to the annual Modernism Week, the
estate is a study in indoor/outdoor desert living.
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,
Originally built in 1940, the 3,260-square-foot home has undergone a complete redesign, reimagining the property as a midcenturyinspired, contemporary estate. The renovation of the four-bedroom, five-bath residence also...
Donald Wexler, and Paul R. Williams, among others that celebrate a more glamorous era. Score colorful frocks at Trina Turk (the L.A. designer lives here part-time), channel the Rat Pack at Melvyn’s, and view some hidden gems with Palm Springs Modern Architecture Tours. If you’re not afraid of heights, take the Aerial Tramway 8,500-feet up the sheer cliffs of Chino Canyon for stunning views (its Valley Station was designed by Frey). View more on our blog
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MARKET PERFORMANCE BY NEIGHBORHOOD :: COACHELLA VALLEY AREA
CATHEDRAL CITY NORTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$338,000 $191 91 54
$298,750 $175 110 62
13.14% 9.49% -17.27% -12.90%
$166,250 $150 22 55
$150,000 $129 27 93
10.83% 16.65% -18.52% -40.86%
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$352,000 $208 30 68
$379,000 $222 42 77
-7.12% -6.31% -28.57% -11.69%
$198,000 $158 15 91
$163,750 $130 30 116
20.92% 21.34% -50.00% -21.55%
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$947,500 $361 56 96
$850,000 $344 65 92
11.47% 4.81% -13.85% 4.35%
$382,500 $220 25 83
$388,000 $208 25 106
-1.42% 6.13% 0.00% -21.70%
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$397,450 $195 28 57
$382,000 $190 35 65
4.04% 2.54% -20.00% -12.31%
$225,000 $224 11 39
$200,000 $205 17 93
12.50% 9.01% -35.29% -58.06%
LA QUINTA S. OF HWY 111 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2018
LA QUINTA N. OF HWY 111 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q1 2019
INDIAN WELLS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2019
CATHEDRAL CITY SOUTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$572,500 $271 256 103
$536,000 $266 277 98
6.81% 1.94% -7.58% 5.10%
$410,625 $213 47 90
$409,000 $213 63 81
0.40% 0.00% -25.40% 11.11%
“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 2019
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MARKET PERFORMANCE BY NEIGHBORHOOD :: COACHELLA VALLEY AREA
PALM DESERT EAST Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$395,000 $231 64 76
$368,700 $198 78 105
7.13% 16.71% -17.95% -27.62%
$270,000 $192 134 91
$271,000 $179 114 93
-0.37% 7.03% 17.54% -2.15%
PALM DESERT NORTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$447,500 $219 40 68
$444,000 $201 69 91
0.79% 8.86% -42.03% -25.27%
$343,500 $223 73 48
$319,000 $197 83 81
7.68% 13.46% -12.05% -40.74%
SFR Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$620,000 $358 51 137
$695,000 $340 61 98
-10.79% 5.16% -16.39% 39.80%
$290,000 $221 60 94
$302,450 $222 70 96
-4.12% -0.51% -14.29% -2.08%
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$729,500 $422 66 78
$740,000 $390 65 73
-1.42% 8.35% 1.54% 6.85%
$260,000 $238 61 59
$269,000 $239 75 92
-3.35% -0.71% -18.67% -35.87%
PALM SPRINGS NORTH END Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2019
PALM SPRINGS CENTRAL Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2019
PALM DESERT SOUTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$465,500 $281 88 75
$432,500 $261 80 79
7.63% 7.57% 10.00% -5.06%
$149,950 $212 42 58
$149,000 $176 41 52
0.64% 20.53% 2.44% 11.54%
“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 2019
homeasart.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: COACHELLA VALLEY AREA
PALM SPRINGS SOUTH END Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$840,000 $377 86 70
$753,500 $355 70 84
11.48% 6.40% 22.86% -16.67%
$268,750 $223 120 58
$252,000 $195 149 72
6.65% 14.62% -19.46% -19.44%
RANCHO MIRAGE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q1 2019
Q1 2018
% CHANGE
Q1 2019
Q1 2018
% CHANGE
$729,500 $259 124 101
$663,500 $257 150 89
9.95% 1.04% -17.33% 13.48%
$352,500 $197 74 70
$304,500 $169 93 98
15.76% 16.62% -20.43% -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 :: Q1 2019
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WHAT’S NEW ON HOMEASART.COM
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The Market Report :: Q1 2019
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A Discussion With Mike Deasy & George Penner
UCLA Report Predicts Continued Market Weakening
Local. Nimble. Passionate about
Demand for housing in California is
design. That’s how Mike Deasy and
weak and new housing construction
George Penner distinguish their
is expected to slow throughout
Southern California boutique firm.
the state, including in Pasadena, in
Deasy brings 40+ years’ experience
2019 and 2020, according to a new
representing buyers and sellers of
economic study by UCLA. But local
some of the most architecturally
Realtors say the outlook remains
significant residential properties in
sunny for existing home sales in the
Southern California, and Penner
Pasadena area. In his latest quarterly
brings his many years at...
report released on Wednesday,...
The Market Report :: Q1 2019
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CONTACT US
we know design
deasypennerpodley 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. Santa Monica | Venice | West Hollywood | Silver Lake | La CaĂąada Flintridge | Pasadena Altadena | Sierra Madre | Monrovia | Glendora | Palm Springs 310.275.1000 626.683.0777 info@dppre.com