Q1 2018 MARKET REPORT
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deasy/penner home as art.®
YOUR GUIDE TO MARKET PERFORMANCE & ANALYSIS
la county :: market snapshot SINGLE FAMILY HOMES
CONDOMINIUM HOMES
Data*
Q1 2018
Q1 2017
% Change
Data*
Q1 2018
Q1 2017
% Change
Median Price
$630,000
$590,000
6.78%
Median Price
$495,000
$450,000
10.00%
Avg. Price / Sq. Ft.
$473
$434
8.95%
Avg. Price / Sq. Ft.
$473
$419
12.92%
Properties Sold
9,891
10,420
-5.08%
Properties Sold
3,542
3,920
-9.64%
Days on Market
46
56
-17.86%
Days on Market
41
52
-21.15%
MEDIAN PRICE
MEDIAN PRICE
$630,000
$495,000
vs Q1 2017
+7%
$590,000
DAYS ON THE MARKET
+10%
$450,000
PROPERTIES SOLD
46
56
Q1 2018
Q1 2017
DAYS
vs Q1 2017
3,542
3,920
Q1 2018
Q1 2017
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 2018
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EXPLORE YOUR NEIGHBORHOOD
los angeles area NEIGHBORHOOD FOCUS Q1 2018 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
MED. SALE PRICE
AVG. $ / SQ. FT.
Baldwin Hills
2
$929,000
$471
Beverly Hills
32
$6,602,500
$1,632
Beverly Hills PO
32
$2,473,500
$883
Beverlywood
28
$1,527,563
$751
Beverly Center - Miracle
42
$1,807,500
$830
Brentwood
56
$3,196,000
$1,029
Cheviot Hills - Rancho Park
14
$2,010,000
$927
Culver City
37
$1,318,250
$884
Downtown LA
24
$366,430
$397
Hancock Park - Wilshire
45
$1,790,000
$692
Hollywood
20
$1,212,500
$730
Hollywood Hills East
29
$1,402,000
$690
Ladera Heights
10
$1,210,000
$530
Leimert Park
NA
NA
NA
Los Feliz
44
$1,765,000
$763
Mid - Los Angeles
88
$750,000
$504
Silver Lake - Echo Park
78
$902,500
$744
Studio City
78
$1,592,500
$645
Sunset Strip - HH West
90
$1,897,500
$902
6
$1,207,500
$463
Westwood - Century City
32
$2,278,500
$935
West Hollywood
28
$1,975,000
$1,055
West LA
21
$1,313,650
$1,011
836
$1,796,700
$794
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 2018
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los angeles area
MEDIAN PRICE
Q1 2018 — Q1 2017 SINGLE FAMILY HOMES $7M
2018 2017 $5.25M
$3.5M
$1.75K
West LA
West Hollywood
Westwood - Century City
View Park
Sunset Strip - HH West
Studio City
Silver Lake - Echo Park
Mid - Los Angeles
Los Feliz
Leimert Park
Ladera Heights
Hollywood Hills East
Hollywood
Hancock Park - Wilshire
Downtown LA
Culver City
Cheviot Hills - Rancho Park
Brentwood
Beverly Center - Miracle
Beverlywood
Beverly Hills PO
Beverly Hills
Baldwin Hills
0
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q1 2018
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los angeles area NEIGHBORHOOD FOCUS Q1 2018 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
MED. SALE PRICE
AVG. $ / SQ. FT.
Baldwin Hills
1
$580,000
$315
Beverly Hills
21
$1,230,000
$746
Beverly Hills PO
1
$555,000
$772
Beverlywood
9
$900,000
$621
Beverly Center - Miracle
11
$704,150
$669
Brentwood
27
$815,000
$678
Cheviot Hills - Rancho Park
NA
NA
NA
Culver City
48
$622,500
$558
103
$610,000
$703
Hancock Park - Wilshire
38
$657,500
$530
Hollywood
24
$695,000
$568
Hollywood Hills East
3
$420,000
$507
Ladera Heights
1
$600,000
$348
NA
NA
NA
Los Feliz
7
$735,000
$687
Mid - Los Angeles
1
$760,000
$496
Silver Lake - Echo Park
10
$692,500
$582
Studio City
35
$615,000
$487
Sunset Strip - HH West
20
$632,500
$608
View Park
NA
NA
NA
125
$975,000
$717
West Hollywood
80
$740,000
$714
West LA
22
$942,500
$617
586
$732,982
$587
Downtown LA
Leimert Park
Westwood - Century City
TOTAL/AVERAGE
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q1 2018
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The Market Report :: Q1 2018 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 2018 CONDOMINIUM HOMES
$1.3M
2018
$975K
$650K
$325K
0
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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neighborhood spotlight
HOLLYWOOD There’s an endless stream of touristy activities, from the TMZ tour buses and “characters” on Hollywood Boulevard to the Walk of Fame and iconic Hollywood sign, but the neighborhood is so much more. Hollywood is enjoying a renaissance thanks to a nonstop stream of new restaurants, bars, and clubs. There’s no shortage
View Ava Gardner’s Midcentury-Modern Home A classic California midcentury-modern home that belonged to Golden Age actress Ava Gardner is on the market. Located in the exclusive Hollywood Dell neighborhood, where one may be lulled to sleep by the faint sounds...
of iconic theaters (the Pantages, Palladium, Cinerama Dome) and architectural gems, like Frank Lloyd Wright’s Hollyhock House, which is now open to the public. Take in a screening at American Cinemateque’s Egyptian Theatre, picnic at the Hollywood Bowl before a concert with the L.A. Philharmonic, and channel your inner Rat Pack-er at the 96 year-old Musso & Frank Grill. And if you know a magician, they can get you into the members-only Magic Castle, housed in a storied
View more on our blog
HomeAsArt.com
Victorian mansion.
The Market Report :: Q1 2018
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
BALDWIN HILLS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$929,000 $471 2 78
$969,000 $439 1 46
-4.13% 7.34% 100.00% 69.57%
$580,000 $315 1 6
$473,575 $374 2 31
22.47% -15.86% -50.00% -80.65%
BEVERLY HILLS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$6,602,500 $1,632 32 81
$5,362,500 $1,317 34 110
23.12% 23.95% -5.88% -26.36%
$1,230,000 $746 21 51
$1,225,000 $682 29 62
0.41% 9.36% -27.59% -17.74%
SFR Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$2,473,500 $883 32 91
$2,655,000 $900 20 69
-6.84% -1.81% 60.00% 31.88%
$555,000 $772 1 161
NA NA NA NA
NA NA NA NA
SFR
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$1,527,563 $751 28 47
$1,135,000 $698 47 55
34.59% 7.57% -40.43% -14.55%
$900,000 $621 9 53
$646,500 $569 14 32
39.21% 9.13% -35.71% 65.63%
BEVERLY CENTER :: MIRACLE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2018
BEVERLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2018
BEVERLY HILLS PO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$1,807,500 $830 42 70
$1,502,500 $750 54 61
20.30% 10.66% -22.22% 14.75%
$704,150 $669 11 32
$692,000 $592 19 52
1.76% 13.04% -42.11% -38.46%
“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 2018
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
BRENTWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q1 2018
Q1 2017
% CHANGE
Q4 2017
Q1 2017
% CHANGE
$3,196,000 $1,029 56 81
$4,230,000 $1,128 43 74
-24.44% -8.83% 30.23% 9.46%
$815,000 $678 27 37
$876,000 $603 39 43
-6.96% 12.50% -30.77% -13.95%
CHEVIOT HILLS :: RANCHO PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$2,010,000 $927 14 50
$2,226,000 $818 23 60
-9.70% 13.38% -39.13% -16.67%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SFR
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$1,318,250 $884 37 41
$1,144,500 $784 40 47
15.18% 12.70% -7.50% -12.77%
$622,500 $558 48 26
$502,500 $501 44 34
23.88% 11.23% 9.09% -23.53%
SFR
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$366,430 $397 24 34
$375,000 $306 29 70
-2.29% 29.93% -17.24% -51.43%
$610,000 $703 103 70
$607,750 $632 96 67
0.37% 11.18% 7.29% 4.48%
HANCOCK PARK :: WILSHIRE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2017
DOWNTOWN LA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q1 2018
CULVER CITY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$1,790,000 $692 45 63
$1,700,000 $678 58 82
5.29% 1.98% -22.41% -23.17%
$657,500 $530 38 43
$593,000 $489 45 68
10.88% 8.47% -15.56% -36.76%
“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 2018
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
HOLLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$1,212,500 $730 20 52
$1,022,000 $612 20 54
18.64% 19.20% 0.00% -3.70%
$695,000 $568 24 66
$680,000 $603 33 59
2.21% -5.81% -27.27% 11.86%
HOLLYWOOD HILLS EAST Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$1,402,000 $690 29 55
$1,435,000 $625 32 75
-2.30% 10.48% -9.38% -26.67%
$420,000 $507 3 50
$445,000 $523 4 52
-5.62% -3.11% -25.00% -3.85%
SFR
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$1,210,000 $530 10 35
$1,090,000 $445 11 109
11.01% 18.92% -9.09% -67.89%
$600,000 $348 1 14
$455,000 $388 2 42
31.87% -10.30% -50.00% -66.67%
SFR
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
NA NA NA NA
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 2017
LEIMERT PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q1 2018
LADERA HEIGHTS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$1,765,000 $763 44 53
$1,288,000 $672 35 90
37.03% 13.58% 25.71% -41.11%
$735,000 $687 7 66
$520,000 $584 4 105
41.35% 17.76% 75.00% -37.14%
“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 2018
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
MID LOS ANGELES Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$750,000 $504 88 50
$680,000 $470 92 52
10.29% 7.23% -4.35% -3.85%
$760,000 $496 1 101
$614,500 $450 6 27
23.68% 10.35% -83.33% 274.07%
SILVER LAKE :: ECHO PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$902,500 $744 78 57
$965,000 $622 65 59
-6.48% 19.52% 20.00% -3.39%
$692,500 $582 10 25
$702,500 $504 26 67
-1.42% 15.44% -61.54% -62.69%
SFR
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$1,592,500 $645 78 47
$1,550,000 $604 69 76
2.74% 6.86% 13.04% -38.16%
$615,000 $487 35 45
$560,000 $439 43 61
9.82% 11.00% -18.60% -26.23%
SFR
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$1,897,500 $902 90 67
$1,677,777 $828 113 79
13.10% 8.95% -20.35% -15.19%
$632,500 $608 20 71
$615,000 $679 25 63
2.85% -10.41% -20.00% 12.70%
VIEW PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2017
SUNSET STRIP :: HH WEST Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q1 2018
STUDIO CITY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$1,207,500 $463 6 35
$1,065,000 $374 5 61
13.38% 23.83% 20.00% -42.62%
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 2018
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
WESTWOOD :: CENTURY CITY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$2,278,500 $935 32 37
$1,935,000 $882 43 44
17.75% 5.99% -25.58% -15.91%
$975,000 $717 125 57
$865,000 $636 121 64
12.72% 12.77% 3.31% -10.94%
SFR
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$1,975,000 $1,055 28 55
$1,480,000 $837 25 74
33.45% 26.02% 12.00% -25.68%
$740,000 $714 80 44
$705,000 $682 93 45
4.96% 4.75% -13.98% -2.22%
WEST LA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2018
WEST HOLLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$1,313,650 $1,011 21 39
$1,032,500 $734 20 49
27.23% 37.81% 5.00% -20.41%
$942,500 $617 22 28
$807,500 $599 34 56
16.72% 2.85% -35.29% -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 2018
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westside la area
NEIGHBORHOOD FOCUS Q1 2018 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Malibu Beach
13
$5,447,614
$1,983
Malibu
36
$2,537,500
$925
Marina Del Rey
19
$1,451,550
$992
Pacific Palisades
45
$3,420,687
$1,258
Palms - Mar Vista
76
$1,582,500
$888
4
$2,094,500
$785
Santa Monica
37
$2,590,000
$1,145
Venice
40
$2,000,000
$1,191
270
$2,640,544
$1,146
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 2018
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westside la area
DAYS ON MARKET Q1 2018
SINGLE FAMILY HOMES
174 123 Malibu
Malibu Beach
78
Venice
Marina del Rey
71 56
50
44 Palms - Mar Vista
Santa Monica
Pacific Palisades
Playa Vista
51
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q1 2018
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westside la area
NEIGHBORHOOD FOCUS Q1 2018 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
2
$1,030,000
$789
Malibu
13
$1,200,000
$699
Marina Del Rey
67
$967,000
$743
Pacific Palisades
14
$1,402,500
$725
Palms - Mar Vista
18
$650,000
$617
Playa Vista
14
$931,500
$787
Santa Monica
84
$1,180,000
$947
8
$1,510,000
$875
220
$1,108,875
$773
Malibu Beach
Venice TOTAL/AVERAGE
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q1 2018
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westside la area
PROPERTIES SOLD CHANGE Q1 2018 — Q1 2017
CONDOMINIUM HOMES 2017
2018
% Change
100
13%
-19% 67.5
45
-33% 22.5
-50%
27%
117%
0%
-33% 0
Malibu Beach
Malibu
Marina Del Rey
Pacific Palisades
Palms Mar Vista
Playa Vista
Santa Monica
Venice
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q1 2018
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neighborhood spotlight
MARINA DEL REY The small, affluent community of Marina del Rey, which is gaining popularity thanks to spillover from Silicon Beach,
Art + Architecture Q&A With Mike Deasy
is home to around 9,000 people and 6,500 boats. The
MAJ: What defines “Home as Art”? How
world’s largest manmade small craft harbor features 19
do you characterize the architecture and the
marinas and the New England-style Fisherman’s Village,
lifestyle?
which hosts live music, fishing, harbor cruises, and boat rentals. From architectural, eco-friendly lofts and ocean view penthouses to Mid-Century Modern homes and new
MIKE: Architecture by itself does not necessarily define the art of a home. Nor does the lifestyle. But when architecture embodies its dwellers’ lifestyle enabling them to fulfill their aesthetic, social, environmental, and recreational goals,...
constructions, there’s a bit of something for everyone. As a bonus, architecture firms such as KAA Design Group, SFJones Architects, and Sorenson Architects are all headquartered here. You’ll find local residents enjoying a sunset cocktail at the California Yacht Club, taking in the Summer Concert Series at Chace Park, and biking around the Ballona Wetlands—that is when they aren’t on the water. View more on our blog
HomeAsArt.com The Market Report :: Q1 2018
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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 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$5,447,614 $1,983 13 174
$7,724,500 $3,184 8 156
-29.48% -37.71% 62.50% 11.54%
$1,030,000 $789 2 71
$740,000 $756 3 112
39.19% 4.41% -33.33% -36.61%
MALIBU Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$2,537,500 $925 36 123
$2,799,500 $1,024 42 139
-9.36% -9.63% -14.29% -11.51%
$1,200,000 $699 13 52
$1,075,000 $567 6 84
11.63% 23.38% 116.67% -38.10%
SFR Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$1,451,550 $992 19 78
$1,487,000 $858 16 47
-2.38% 15.60% 18.75% 65.96%
$967,000 $743 67 30
$857,990 $646 83 56
12.71% 15.00% -19.28% -46.43%
SFR
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$3,420,687 $1,258 45 51
$2,895,000 $1,054 57 78
18.16% 19.40% -21.05% -34.62%
$1,402,500 $725 14 73
$1,150,000 $611 11 55
21.96% 18.59% 27.27% 32.73%
PALMS :: MAR VISTA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2018
PACIFIC PALISADES Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2018
MARINA DEL REY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$1,582,500 $888 76 44
$1,382,500 $819 60 52
14.47% 8.50% 26.67% -15.38%
$650,000 $617 18 35
$659,000 $569 27 38
-1.37% 8.42% -33.33% -7.89%
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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MARKET PERFORMANCE BY NEIGHBORHOOD :: WESTSIDE AREA
PLAYA VISTA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$2,094,500 $785 4 56
$1,817,500 $746 6 47
15.24% 5.14% -33.33% 19.15%
$931,500 $787 14 21
$945,000 $652 28 53
-1.43% 20.62% -50.00% -60.38%
SANTA MONICA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$2,590,000 $1,145 37 50
$2,100,000 $1,279 63 59
23.33% -10.51% -41.27% -15.25%
$1,180,000 $947 84 42
$937,500 $861 74 54
25.87% 10.09% 13.51% -22.22%
VENICE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$2,000,000 $1,191 40 71
$1,675,000 $1,099 47 54
19.40% 8.37% -14.89% 31.48%
$1,510,000 $875 8 163
$1,347,500 $810 8 40
12.06% 8.05% 0.00% 307.50%
“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.
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pasadena + san gabriel valley area
NEIGHBORHOOD FOCUS Q1 2018 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Alhambra
37
$760,000
$529
Arcadia
76
$1,500,000
$554
Altadena
81
$830,000
$548
Bradbury
2
$2,950,000
$837
Eagle Rock
40
$867,500
$626
Glendora
84
$621,500
$406
Highland Park
72
$785,000
$588
La Crescenta / Glendale
65
$896,000
$568
La Cañada Flintridge
32
$1,971,250
$710
Monrovia
53
$675,000
$516
Mount Washington
39
$850,000
$655
Pasadena NE
67
$900,000
$569
Pasadena NW
39
$905,000
$569
Pasadena SE
24
$1,217,500
$588
Pasadena SW
21
$1,165,000
$622
Rosemead / South San Gabriel
27
$613,000
$508
San Gabriel
52
$803,500
$506
San Marino
23
$2,400,000
$867
Sierra Madre
23
$945,000
$591
South Pasadena
22
$1,700,000
$741
Sunland / Tujunga
78
$593,500
$443
TOTAL/AVERAGE
957
$1,140,417
$597
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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pasadena + san gabriel valley area
NEIGHBORHOOD FOCUS Q1 2018 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Alhambra
30
$555,000
$455
Arcadia
36
$661,000
$425
Altadena
1
$430,000
$546
Bradbury
NA
NA
NA
1
$700,000
$479
Glendora
22
$499,995
$331
Highland Park
10
$487,500
$459
La Crescenta / Glendale
18
$516,500
$457
2
$887,500
$509
13
$499,000
$403
1
$710,000
$414
Pasadena NE
14
$545,000
$459
Pasadena NW
10
$607,875
$433
Pasadena SE
57
$560,000
$534
Pasadena SW
31
$750,000
$573
Rosemead / South San Gabriel
28
$564,900
$349
San Gabriel
17
$618,375
$413
San Marino
NA
NA
NA
Sierra Madre
6
$678,750
$431
South Pasadena
9
$610,000
$543
Sunland / Tujunga
7
$460,000
$318
TOTAL/AVERAGE
313
$596,916
$449
Eagle Rock
La Cañada Flintridge Monrovia Mount Washington
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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pasadena + san gabriel valley area
AVERAGE DAYS ON MARKET
Q1 2018 CONDOMINIUM HOMES
165
91
55
46 30
Sunland / Tujunga
18
South Pasadena
33
Sierra Madre
27
San Marino
35
San Gabriel
Pasadena NW
Pasadena NE
Mount Washington
Monrovia
La Cañada Flintridge
La Crescenta / Glendale
Highland Park
Glendora
Eagle Rock
Bradbury
Altadena
46
34
30
Arcadia
Alhambra
32
Rosemead / South San Gabriel
40
41 34
62
Pasadena SW
58
Pasadena SE
84
“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 2018
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neighborhood spotlight
GLENDALE Walkable, eco-conscious, and vibrant, Glendale is L.A. County’s fourth largest city with a population of more
A Private Cali Compound Hits The Market At $5M
than 200,000, but is consistently ranked as one of the
Comprised of a stunning grand estate, as well
safest mid-size cities in the country. Residents love its
as a reinvented pool/guest house, this expansive
50 public parks, world-class shopping at the open-air
private compound in Pasadena is seeking a
Americana at Brand (Barneys New York, Crewcuts, and Tory Burch to name a few), and some of the
new owner. Privately nestled above the Rose Bowl Stadium, this 5,677-square-foot property includes a recently developed main house...
best Armenian food this side of Yerevan at Carousel Restaurant. Situated 10 miles north of Downtown L.A., Glendale sits at the eastern end of the San Fernando Valley and is bisected by the rugged Verdugo Mountains. Take in a screening at the historic Art Deco Alex Theatre and enjoy a lineup of diverse free concerts (sax quartets, surf rock, and Yiddish vaudeville, anyone?) on the Brand Library Plaza each summer.
View more on our blog
HomeAsArt.com
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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 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$760,000 $529 37 31
$641,000 $453 48 54
18.56% 16.93% -22.92% -42.59%
$555,000 $455 30 34
$485,000 $385 38 93
14.43% 18.17% -21.05% -63.44%
ARCADIA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$1,500,000 $554 76 60
$1,364,000 $577 88 58
9.97% -3.90% -13.64% 3.45%
$661,000 $425 36 30
$710,000 $427 39 63
-6.90% -0.47% -7.69% -52.38%
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$830,000 $548 81 35
$772,000 $508 82 54
7.51% 7.87% -1.22% -35.19%
$430,000 $546 1 41
$425,000 $273 1 48
1.18% 99.78% 0.00% -14.58%
BRADBURY
SFR
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$2,950,000 $837 2 214
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 2018
ALTADENA
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$867,500 $626 40 41
$827,500 $538 38 63
4.83% 16.52% 5.26% -34.92%
$700,000 $479 1 84
$420,000 $438 1 36
66.67% 9.59% 0.00% 133.33%
“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
GLENDORA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$621,500 $406 84 34
$547,500 $367 94 53
13.52% 10.64% -10.64% -35.85%
$499,995 $331 22 40
$438,000 $284 13 75
14.15% 16.63% 69.23% -46.67%
HIGHLAND PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$785,000 $588 72 39
$720,000 $586 55 39
9.03% 0.44% 30.91% 0.00%
$487,500 $459 10 34
$332,750 $413 6 48
46.51% 11.01% 66.67% -29.17%
CONDO
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$896,000 $568 65 41
$799,000 $547 71 45
12.14% 3.97% -8.45% -8.89%
$516,500 $457 18 58
$493,000 $412 21 42
4.77% 11.00% -14.29% 38.10%
SFR
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$1,971,250 $710 32 30
$1,839,000 $647 52 41
7.19% 9.70% -38.46% -26.83%
$887,500 $509 2 91
NA NA NA NA
NA NA NA NA
MONROVIA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q1 2018
LA CAÑADA FLINTRIDGE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2018
LA CRESCENTA :: GLENDALE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$675,000 $516 53 42
$692,550 $441 55 52
-2.53% 17.12% -3.64% -19.23%
$499,000 $403 13 62
$525,000 $360 23 29
-4.95% 11.90% -43.48% 113.79%
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
MOUNT WASHINGTON Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$850,000 $655 39 32
$844,000 $552 25 65
0.71% 18.62% 56.00% -50.77%
$710,000 $414 1 165
NA NA NA NA
NA NA NA NA
SFR Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$900,000 $569 67 39
$765,000 $513 73 54
17.65% 10.90% -8.22% -27.78%
$545,000 $459 14 32
$510,000 $436 9 45
6.86% 5.17% 55.56% -28.89%
SFR Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$905,000 $569 39 59
$742,500 $537 46 74
21.89% 6.02% -15.22% -20.27%
$607,875 $433 10 46
$605,000 $415 13 46
0.48% 4.53% -23.08% 0.00%
SFR
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$1,217,500 $588 24 52
$963,875 $609 37 42
26.31% -3.52% -35.14% 23.81%
$560,000 $534 57 35
$549,500 $480 82 43
1.91% 11.24% -30.49% -18.60%
PASADENA SW Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2018
PASADENA SE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2018
PASADENA NW Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2018
PASADENA NE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$1,165,000 $622 21 66
$1,030,000 $637 21 49
13.11% -2.34% 0.00% 34.69%
$750,000 $573 31 46
$738,000 $592 23 86
1.63% -3.23% 34.78% -46.51%
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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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 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$613,000 $508 27 47
$560,000 $401 29 55
9.46% 26.74% -6.90% -14.55%
$564,900 $349 28 27
$411,250 $318 6 36
37.36% 9.59% 366.67% -25.00%
SFR Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$803,500 $506 52 39
$711,000 $478 54 63
13.01% 5.89% -3.70% -38.10%
$618,375 $413 17 33
$575,000 $351 13 74
7.54% 17.79% 30.77% -55.41%
SFR Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$2,400,000 $867 23 77
$2,630,000 $858 25 73
-8.75% 1.11% -8.00% 5.48%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SFR
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$945,000 $591 23 62
$1,147,500 $487 18 53
-17.65% 21.19% 27.78% 16.98%
$678,750 $431 6 18
$740,000 $590 1 212
-8.28% -26.92% 500.00% -91.51%
S. PASADENA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2018
SIERRA MADRE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2018
SAN MARINO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2018
SAN GABRIEL Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$1,700,000 $741 22 38
$1,430,000 $626 19 39
18.88% 18.32% 15.79% -2.56%
$610,000 $543 9 30
$771,500 $552 16 57
-20.93% -1.60% -43.75% -47.37%
“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 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$593,500 $443 78 49
$570,000 $400 80 60
4.12% 10.75% -2.50% -18.33%
$460,000 $318 7 55
$415,000 $312 11 56
10.84% 1.92% -36.36% -1.79%
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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coachella valley area
NEIGHBORHOOD FOCUS Q1 2018
SINGLE FAMILY HOMES
NEIGHBORHOOD
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Cathedral City North
108
$298,750
$175
Cathedral City South
40
$388,000
$226
Indian Wells
65
$850,000
$343
La Quinta No of HWY 111
35
$382,000
$190
La Quinta S.Of H
277
$536,000
$266
Palm Desert East
76
$384,450
$198
Palm Desert North
69
$444,000
$201
Palm Desert South
68
$753,500
$351
Palm Springs Central
63
$750,000
$390
Palm Springs North End
79
$430,000
$260
Palm Springs South End
68
$753,500
$351
148
$663,500
$256
1,096
$552,808
$267
Rancho Mirage TOTAL/AVERAGE
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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coachella valley area
MEDIAN PRICE
Q1 2018 — Q1 2017 SINGLE FAMILY HOMES 2017
2018
$100K
$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 2018
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coachella valley area
NEIGHBORHOOD FOCUS Q1 2018
CONDOMINIUM HOMES
NEIGHBORHOOD
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Cathedral City North
27
$150,000
$129
Cathedral City South
30
$163,750
$130
Indian Wells
25
$388,000
$208
La Quinta No of HWY 111
17
$200,000
$205
La Quinta S.Of H
63
$409,000
$213
Palm Desert East
114
$271,000
$179
Palm Desert North
82
$319,500
$197
Palm Desert South
69
$305,000
$223
Palm Springs Central
74
$272,000
$239
Palm Springs North End
40
$136,450
$174
Palm Springs South End
148
$254,500
$195
92
$311,250
$170
781
$265,038
$188
Rancho Mirage TOTAL/AVERAGE
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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neighborhood spotlight
PALM SPRINGS Home to one of the largest concentrations of midcentury modern architecture in the U.S., Palm Springs
Palm Springs’ Glorious Koerner House, $3.35M
is a haven for design buffs, heat seekers, and the LGBT
Simply put, one of architect E. Stewart Williams
community. From stylish boutique hotels and high-end
loveliest houses. In outstanding condition and
vintage shopping to the annual Modernism Week, the
set in its original Garrett Ecko-designed gardens
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,
on almost an acre, this 4-bed, 4-bath home was built in 1955 and like all of Williams’ projects, would set a standard for Mid-Century Palm Springs.
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 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$298,750 $175 108 62
$276,350 $162 96 87
8.11% 8.01% 12.50% -28.74%
$150,000 $129 27 93
$120,000 $112 19 93
25.00% 15.11% 42.11% 0.00%
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$388,000 $226 40 77
$293,500 $183 41 102
32.20% 23.44% -2.44% -24.51%
$163,750 $130 30 116
$171,000 $126 25 91
-4.24% 2.81% 20.00% 27.47%
SFR
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$850,000 $343 65 92
$935,000 $347 52 109
-9.09% -1.05% 25.00% -15.60%
$388,000 $208 25 106
$375,000 $188 25 87
3.47% 10.61% 0.00% 21.84%
SFR
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$382,000 $190 35 65
$358,000 $171 48 81
6.70% 11.44% -27.08% -19.75%
$200,000 $205 17 93
$184,000 $187 11 88
8.70% 9.92% 54.55% 5.68%
LA QUINTA S. OF H Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2017
LA QUINTA NO OF HWY 111 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q1 2018
INDIAN WELLS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2018
CATHEDRAL CITY SOUTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$536,000 $266 277 98
$555,500 $247 284 109
-3.51% 7.59% -2.46% -10.09%
$409,000 $213 63 81
$337,450 $196 72 112
21.20% 8.52% -12.50% -27.68%
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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MARKET PERFORMANCE BY NEIGHBORHOOD :: COACHELLA VALLEY AREA
PALM DESERT EAST Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$384,450 $198 76 107
$350,000 $194 67 93
9.84% 1.71% 13.43% 15.05%
$271,000 $179 114 93
$240,000 $170 135 105
12.92% 5.57% -15.56% -11.43%
PALM DESERT NORTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$444,000 $201 69 91
$399,500 $191 52 83
11.14% 5.05% 32.69% 9.64%
$319,500 $197 82 82
$275,250 $171 84 102
16.08% 14.87% -2.38% -19.61%
SFR Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$753,500 $351 68 84
$670,000 $314 103 86
12.46% 11.65% -33.98% -2.33%
$305,000 $223 69 95
$230,000 $187 63 96
32.61% 18.94% 9.52% -1.04%
SFR
CONDO
Q1 2018
Q4 2016
% CHANGE
Q1 2018
Q4 2016
% CHANGE
$750,000 $390 63 74
$677,024 $368 57 80
10.78% 5.93% 10.53% -7.50%
$272,000 $239 74 93
$260,000 $239 82 98
4.62% 4.18% -9.76% -5.10%
PALM SPRINGS NORTH END Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2018
PALM SPRINGS CENTRAL Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2018
PALM DESERT SOUTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$430,000 $260 79 79
$404,000 $239 85 101
6.44% 8.58% -7.06% -21.78%
$136,450 $174 40 52
$125,000 $183 41 60
9.16% -4.49% -2.44% -13.33%
“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 2018
deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: COACHELLA VALLEY AREA
PALM SPRINGS SOUTH END Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$753,500 $351 68 84
$670,000 $314 103 86
12.46% 11.65% -33.98% -2.33%
$254,500 $195 148 70
$234,000 $192 143 92
8.76% 1.64% 3.50% -23.91%
RANCHO MIRAGE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q1 2018
Q1 2017
% CHANGE
Q1 2018
Q1 2017
% CHANGE
$663,500 $256 148 89
$640,000 $253 135 111
3.67% 1.11% 9.63% -19.82%
$311,250 $170 92 98
$270,000 $160 94 108
15.28% 6.10% -2.13% -9.26%
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q1 2018
deasypenner.com
WHAT’S NEW ON HOMEASART.COM
deasy/penner Hosts EMERGE 2018 Benefit Art Auction Fulcrum Arts will present over forty works for auction by artists including Edgar Arceneaux, Johanna Breiding, Marc Fichou, Edgar Heap of Birds, Sandeep Mukherjee, Neal Rock, Steve Roden, and Liz Young.
Artwork will be available for bidding on paddle8.com from April 12-26, 2018.
We share our passion for design on our blog
HomeAsArt.com Photography by Justin Juarez
The Market Report :: Q1 2018
Photography by Justin Juarez
deasypenner.com
Visit The Historic Echo Park Lake
More Knotty Pine Than You Can Shake A Stick At, $1.4M
After a two-year makeover, the
Where: 350 San Miguel Road, San
Eastside’s historic Echo Park Lake
Rafael Hills/Pasadena
has finally become a family-friendly
When: Sunday, April 8 2:00pm-
destination worthy of its Downtown
5:00pm, Saturday/Sunday April
skyline backdrop amid the lotus
14/15 2:00pm-5:00pm
flower bloom and the spray of the
Asking: $1,398,000
fountains. Make sure to fuel up
What: A spacious 3-bed, 2-bath
at Square One (inside the revived
classic ranch, built in 1949– the early
boathouse) before doing some laps
years of the post-WWII war building
around the lake in your rental...
boom, when high-quality...
Photography by Shawn Bishop
The Market Report :: Q1 2018
Photography by Charmaine David
deasypenner.com
CONTACT US
we know design
deasy/penner&partners is available to assist you with all your residential real estate needs. Should you be thinking about selling a property - or should you be in the market for a home or condominium, please contact us. Pasadena | Hancock Park | Silver Lake | Venice | Santa Monica | Palm Springs 310.275.1000 626.683.0777 info@deasypenner.com
deasy/penner home as art.ÂŽ