deasy/penner&partners
MARKET REPORT Q1 2016 deasypenner.com
YOUR GUIDE TO MARKET PERFORMANCE & ANALYSIS
la county :: market snapshot SINGLE FAMILY HOMES
CONDOMINIUM HOMES
Data*
Q1 2016
Q1 2015
% Change
Data*
Q1 2016
Q1 2015
% Change
Median Price
$550,000
$509,000
8.06%
Median Price
$423,000
$410,000
3.17%
$413
$383
8.08%
Avg. Price / Sq. Ft.
$399
$381
4.67%
Properties Sold
10,035
9,707
3.38%
Properties Sold
3,549
3,578
-0.81%
Days on Market
64
66
-3.03%
Days on Market
63
67
-5.97%
Avg. Price / Sq. Ft.
MEDIAN PRICE
MEDIAN PRICE
$550,000
$423,000
vs Q1 2015
+8%
$509,000
DAYS ON THE MARKET
+3%
$410,000
PROPERTIES SOLD
64
66
Q1 2016
Q1 2015
DAYS
vs Q1 2015
DAYS
3,578
3,549
Q1 2016
-1%
Q1 2015
“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 2016
deasypenner.com
EXPLORE YOUR NEIGHBORHOOD
los angeles area
NEIGHBORHOOD FOCUS Q1 2016 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
AVG. SALE PRICE
AVG. $ / SQ. FT.
Beverly Hills
40
$4,270,000
$1,216
Beverly Hills PO
25
$2,445,000
$966
Beverlywood
47
$1,220,000
$662
Beverly Center - Miracle
41
$1,434,000
$729
Brentwood
41
$2,580,000
$923
Cheviot Hills - Rancho Park
19
$1,690,000
$756
Culver City
39
$990,000
$682
Downtown LA
23
$290,000
$249
Hancock Park - Wilshire
53
$1,471,337
$633
Hollywood
25
$843,900
$568
Hollywood Hills East
29
$1,140,000
$628
Los Feliz
54
$1,500,000
$655
Mid - Los Angeles
97
$530,000
$413
Silver Lake - Echo Park
86
$955,000
$598
Studio City
58
$1,316,600
$579
109
$1,745,000
$892
Westwood - Century City
42
$1,631,000
$859
West Hollywood
31
$1,585,000
$970
West LA
21
$975,000
$799
880
$1,505,886
$725
Sunset Strip - HH West
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 2016
deasypenner.com
los angeles area
MEDIAN PRICE CHANGE 4%
-8%
16%
4%
-6%
17%
-15%
1%
12%
12%
26%
12%
3%
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%
-1%
7%
West LA
36%
West Hollywood
41%
Westwood - Century City
-4%
Beverly Hills
Q1 2016 — Q1 2015 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 2016
deasypenner.com
los angeles area
NEIGHBORHOOD FOCUS Q1 2016 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
AVG. SALE PRICE
AVG. $ / SQ. FT.
Beverly Hills
32
$1,151,500
$642
Beverly Hills PO
NA
NA
NA
Beverlywood
10
$672,500
$513
Beverly Center - Miracle
19
$590,000
$573
Brentwood
61
$962,500
$605
Cheviot Hills - Rancho Park
NA
NA
NA
Culver City
40
$456,000
$451
Downtown LA
62
$607,500
$621
Hancock Park - Wilshire
36
$475,000
$481
Hollywood
25
$622,500
$516
Hollywood Hills East
8
$449,250
$449
Los Feliz
7
$595,000
$533
Mid - Los Angeles
4
$469,500
$368
Silver Lake - Echo Park
6
$624,500
$484
Studio City
46
$550,000
$421
Sunset Strip - HH West
22
$570,000
$522
115
$800,000
$595
West Hollywood
85
$685,000
$659
West LA
38
$681,000
$532
616
$644,809
$527
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 2016
deasypenner.com
los angeles area
MEDIAN PRICE
Q1 2016 — Q1 2015 CONDOMINIUM HOMES 2016
2015
$1M
$750K
$500K
$250K
West LA
West Hollywood
Westwood - Century City
Sunset Strip - HH West
Studio City
Silver Lake - Echo Park
Mid - Los Angeles
Los Feliz
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
$200K
“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 2016
deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
BEVERLY HILLS Q1 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$4,270,000 $1,216 40 81
SFR Q1 2015 $4,450,000 $1,273 33 105
BEVERLY HILLS PO Q1 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$2,445,000 $966 25 85
Q1 2015 $1,734,000 $720 28 101
Q1 2015
% CHANGE
-4.04% -4.49% 21.21% -22.86%
$1,170,000 $639 32 94
-1.58% 0.39% 0.00% -26.60%
CONDO
% CHANGE
Q1 2016
Q1 2015
% CHANGE
41.00% 34.15% -10.71% -15.84%
NA NA NA NA
NA NA NA NA
NA NA NA NA
CONDO
Q1 2016
Q1 2015
% CHANGE
Q1 2016
Q1 2015
% CHANGE
$1,220,000 $662 47 55
$895,000 $600 45 57
36.31% 10.33% 4.44% -3.51%
$672,500 $513 10 47
$598,250 $455 14 58
12.41% 12.94% -28.57% -18.97%
SFR
CONDO
Q1 2016
Q1 2015
% CHANGE
Q1 2016
Q1 2015
% CHANGE
$1,434,000 $729 41 49
$1,380,000 $684 39 57
3.91% 6.50% 5.13% -14.04%
$590,000 $573 19 58
$679,250 $502 24 75
-13.14% 14.15% -20.83% -22.67%
BRENTWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q1 2016 $1,151,500 $642 32 69
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 2016
Q1 2015
% CHANGE
Q1 2016
Q1 2015
% CHANGE
$2,580,000 $923 41 85
$2,800,000 $881 33 71
-7.86% 4.73% 24.24% 19.72%
$962,500 $605 61 69
$735,000 $547 45 75
30.95% 10.50% 35.56% -8.00%
“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 2016
deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
CHEVIOT HILLS :: RANCHO PARK Q1 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,690,000 $756 19 86
Q1 2015 $1,455,000 $750 19 80
CULVER CITY Q1 2016 $990,000 $682 39 57
Q1 2015 $950,000 $640 42 55
DOWNTOWN LA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q1 2016
Q1 2015
% CHANGE
16.15% 0.87% 0.00% 7.50%
NA NA NA NA
NA NA NA NA
NA NA NA NA
CONDO
% CHANGE
Q1 2016
Q1 2015
% CHANGE
4.21% 6.59% -7.14% 3.64%
$456,000 $451 40 48
$430,000 $406 62 52
6.05% 11.01% -35.48% -7.69%
SFR
CONDO
Q1 2016
Q1 2015
% CHANGE
Q1 2016
Q1 2015
% CHANGE
$290,000 $249 23 96
$307,000 $257 28 85
-5.54% -3.34% -17.86% 12.94%
$607,500 $621 62 84
$560,000 $565 107 72
8.48% 9.98% -42.06% 16.67%
HANCOCK PARK :: WILSHIRE
SFR
CONDO
Q1 2016
Q1 2015
% CHANGE
Q1 2016
Q1 2015
% CHANGE
$1,471,337 $633 53 68
$1,252,412 $582 62 63
17.48% 8.71% -14.52% 7.94%
$475,000 $481 36 65
$525,000 $446 38 63
-9.52% 8.02% -5.26% 3.17%
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 2016
Q1 2015
% CHANGE
Q1 2016
Q1 2015
% CHANGE
$843,900 $568 25 59
$998,212 $741 20 70
-15.46% -23.40% 25.00% -15.46%
$622,500 $516 25 65
$645,000 $538 22 75
-3.49% -4.08% 13.64% -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 2016
deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
HOLLYWOOD HILLS EAST Q1 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,140,000 $628 29 63
Q1 2015 $1,135,000 $557 26 90
LOS FELIZ $1,500,000 $655 54 73
Q1 2015 $1,337,500 $607 48 70
MID LOS ANGELES Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q1 2016
Q1 2015
% CHANGE
0.44% 12.83% 11.54% -30.00%
$449,250 $449 8 65
$385,000 $411 11 49
16.69% 9.17% -27.27% 32.65%
CONDO
% CHANGE
Q1 2016
Q1 2015
% CHANGE
12.15% 8.02% 12.50% 4.29%
$595,000 $533 7 64
$494,500 $537 12 50
20.32% -0.69% -41.67% 28.00%
CONDO
Q1 2016
Q1 2015
% CHANGE
Q1 2016
Q1 2015
% CHANGE
$530,000 $413 97 47
$475,000 $319 85 64
11.58% 29.32% 14.12% -26.56%
$469,500 $368 4 60
$360,000 $300 2 172
30.42% 22.38% 100.00% -65.12%
SFR
CONDO
Q1 2016
Q1 2015
% CHANGE
Q1 2016
Q1 2015
% CHANGE
$955,000 $598 86 62
$757,500 $598 76 54
26.07% 0.00% 13.16% 14.81%
$624,500 $484 6 94
$595,000 $435 7 50
4.96% 11.26% -14.29% 88.00%
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 2016
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q1 2016
Q1 2015
% CHANGE
Q1 2016
Q1 2015
% CHANGE
$1,316,600 $579 58 68
$1,173,500 $560 56 66
12.19% 3.38% 3.57% 3.03%
$550,000 $421 46 72
$485,000 $387 43 65
13.40% 8.99% 6.98% 10.77%
“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 2016
deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
SUNSET STRIP :: HH WEST Q1 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,745,000 $892 109 83
Q1 2015 $1,700,000 $795 93 80
WESTWOOD :: CENTURY CITY Q1 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,631,000 $859 42 40
Q1 2015 $1,680,000 $811 26 68
WEST HOLLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
% CHANGE
Q1 2016
Q1 2015
% CHANGE
2.65% 12.15% 17.20% 3.75%
$570,000 $522 22 54
$563,750 $771 22 67
1.11% 1 -32.37% 0.00% -19.40%
SFR
CONDO
% CHANGE
Q1 2016
Q1 2015
% CHANGE
-2.92% 5.97% 61.54% -41.18%
$800,000 $595 115 76
$753,500 $555 114 78
6.17% 7.21% 0.88% -2.56%
SFR
CONDO
Q1 2016
Q1 2015
% CHANGE
Q1 2016
Q1 2015
% CHANGE
$1,585,000 $970 31 56
$1,600,000 $806 35 62
-0.94% 20.34% -11.43% -9.68%
$685,000 $659 85 57
$650,000 $578 102 72
5.38% 13.94% -16.67% -20.83%
WEST LA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q1 2016
Q1 2015
% CHANGE
Q1 2016
Q1 2015
% CHANGE
$975,000 $799 21 47
$910,000 $685 20 64
7.14% 16.64% 5.00% -26.56%
$681,000 $532 38 52
$630,000 $493 49 74
8.10% 7.85% -22.45% -29.73%
“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 2016
deasypenner.com
westside la area
NEIGHBORHOOD FOCUS Q1 2016 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
AVG. SALE PRICE
PRICE / SQ. FT.
Malibu Beach
12
$9,225,000
$2,858
Malibu
39
$2,300,000
$773
Marina Del Rey
13
$875,000
$823
Pacific Palisades
57
$2,724,000
$1,043
Palms - Mar Vista
69
$1,284,000
$835
Playa Vista
NA
NA
NA
Santa Monica
48
$2,995,000
$1,056
Venice
45
$1,882,378
$1,240
283
$3,040,768
$1,232
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 2016
deasypenner.com
westside la area
PROPERTIES SOLD
Q1 2016 — Q1 2015 SINGLE FAMILY HOMES 2016
2015
% Change
105 90
+11%
75
0% +14%
60
+18%
0%
45 30 15 0
-13%
+71%
Malibu Beach
Malibu
Marina Del Rey
0%
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 2016
deasypenner.com
westside la area
NEIGHBORHOOD FOCUS Q1 2016 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
AVG. SALE PRICE
PRICE / SQ. FT.
2
$1,415,000
$1,050
Malibu
11
$783,000
$617
Marina Del Rey
52
$812,000
$643
Pacific Palisades
18
$875,000
$580
Palms - Mar Vista
19
$580,000
$515
Playa Vista
27
$900,000
$651
Santa Monica
87
$895,000
$895
7
$1,625,000
$994
223
$985,625
$743
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 2016
deasypenner.com
westside la area
PROPERTIES SOLD CHANGE Q1 2016 — Q1 2015
CONDOMINIUM HOMES NA
Malibu Beach Malibu
+22%
Marina Del Rey
-16%
Pacific Palisades
+50%
Palms - Mar Vista
-10%
Playa Vista
-23%
Santa Monica
-19%
Venice
-42%
-60
-40
-20
20
40
60
“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 2016
deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: WESTSIDE AREA
MALIBU BEACH Q1 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$9,225,000 $2,858 12 172
SFR Q1 2015 $3,850,000 $1,867 7 206
MALIBU $2,300,000 $773 39 104
Q1 2015 $2,084,625 $703 39 151
MARINA DEL REY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q1 2015
% CHANGE
139.61% 53.07% 71.43% -16.50%
NA NA NA NA
NA NA NA NA
CONDO
% CHANGE
Q1 2016
Q1 2015
% CHANGE
10.33% 10.05% 0.00% -31.13%
$783,000 $617 11 127
$880,000 $564 9 86
-11.02% 9.38% 22.22% 47.67%
CONDO
Q1 2016
Q1 2015
% CHANGE
Q1 2016
Q1 2015
% CHANGE
$875,000 $823 13 65
$2,150,000 $670 15 63
-59.30% 22.74% -13.33% 3.17%
$812,000 $643 52 87
$847,500 $577 62 68
-4.19% 11.48% -16.13% 27.94%
SFR
CONDO
Q1 2016
Q1 2015
% CHANGE
Q1 2016
Q1 2015
% CHANGE
$2,724,000 $1,043 57 65
$3,100,000 $968 57 66
-12.13% 7.71% 0.00% -1.52%
$875,000 $580 18 62
$822,500 $622 12 72
6.38% -6.87% 50.00% -13.89%
PALMS :: MAR VISTA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q1 2016 $1,415,000 $1,050 2 63
SFR
PACIFIC PALISADES Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
SFR Q1 2016
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q1 2016
Q1 2015
% CHANGE
Q1 2016
Q1 2015
% CHANGE
$1,284,000 $835 69 50
$1,064,500 $689 62 58
20.62% 21.16% 11.29% -13.79%
$580,000 $515 19 45
$572,000 $444 21 54
1.40% 16.16% -9.52% -16.67%
“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 2016
deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: WESTSIDE AREA
PLAYA VISTA
SFR Q1 2016
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
NA NA NA NA
Q1 2015 $1,795,000 $528 5 28
SANTA MONICA Q1 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$2,995,000 $1,056 48 53
% CHANGE
Q1 2016
Q1 2015
% CHANGE
NA NA NA NA
$900,000 $651 27 45
$775,000 $499 35 63
16.13% 30.58% -22.86% -28.57%
SFR Q1 2015 $2,300,000 $1,129 42 52
VENICE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
CONDO
% CHANGE
Q1 2016
Q1 2015
% CHANGE
30.22% -6.51% 14.29% 1.92%
$895,000 $895 87 50
$899,000 $835 108 65
-0.44% 7.14% -19.44% -23.08%
SFR
CONDO
Q1 2016
Q1 2015
% CHANGE
Q1 2016
Q1 2015
% CHANGE
$1,882,378 $1,240 45 60
$1,516,500 $1,039 38 70
24.13% 19.38% 18.42% -14.29%
$1,625,000 $994 7 79
$1,200,000 $746 12 51
35.42% 33.24% -41.67% 54.90%
“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 2016
deasypenner.com
pasadena + san gabriel valley area
NEIGHBORHOOD FOCUS Q1 2016 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
AVG. SALE PRICE
PRICE / SQ. FT.
Alhambra
33
$620,000
$406
Arcadia
86
$1,205,000
$536
Altadena
70
$711,000
$429
Bradbury
4
$952,500
$381
Eagle Rock
53
$772,500
$502
Glendora
76
$526,500
$356
Highland Park
52
$577,500
$516
La Crescenta / Glendale
59
$760,000
$494
La Cañada Flintridge
52
$1,580,000
$630
Monrovia
56
$616,651
$439
Mount Washington
25
$785,000
$474
Pasadena NE
90
$752,500
$490
Pasadena NW
31
$660,000
$512
Pasadena SE
38
$977,500
$563
Pasadena SW
19
$1,150,000
$609
Rosemead / South San Gabriel
37
$505,000
$392
San Gabriel
43
$758,000
$441
San Marino
32
$1,952,500
$838
Sierra Madre
18
$1,114,000
$542
South Pasadena
21
$1,005,000
$564
Sunland / Tujunga
74
$525,000
$357
TOTAL/AVERAGE
969
$881,245
$499
“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 2016
deasypenner.com
pasadena + san gabriel valley area
AVERAGE DAYS ON MARKET
Q1 2016 SINGLE FAMILY HOMES 131
Avg DOM
83
58
60
Sunland / Tujunga
53
48
Sierra Madre
Pasadena NW
Pasadena NE
Mount Washington
Monrovia
La Cañada Flintridge
Highland Park
51
San Marino
54
South Pasadena
64 45
Glendora
Eagle Rock
Bradbury
Altadena
Arcadia
Alhambra
52
56
74
San Gabriel
53
63
Pasadena SW
61
Pasadena SE
61
73
La Crescenta / Glendale
62
77
Rosemead / South San Gabriel
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 2016
deasypenner.com
pasadena + san gabriel valley area
NEIGHBORHOOD FOCUS Q1 2016 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
AVG. SALE PRICE
PRICE / SQ. FT.
Alhambra
24
$454,944
$361
Arcadia
38
$615,000
$380
Altadena
NA
NA
NA
Bradbury
NA
NA
NA
Eagle Rock
NA
NA
NA
Glendora
8
$440,500
$285
Highland Park
3
$385,000
$327
27
$425,000
$385
2
$953,000
$477
Monrovia
16
$405,000
$362
Mount Washington
NA
NA
NA
Pasadena NE
19
$535,000
$365
Pasadena NW
14
$460,000
$419
Pasadena SE
66
$495,000
$460
Pasadena SW
32
$694,900
$459
Rosemead / South San Gabriel
10
$355,000
$315
San Gabriel
14
$444,995
$332
San Marino
NA
NA
NA
7
$625,000
$453
11
$560,000
$414
Sunland / Tujunga
8
$390,450
$317
TOTAL/AVERAGE
299
$514,924
$382
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 2016
deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
ALHAMBRA
SFR Q1 2016
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$620,000 $406 33 62
Q1 2015 $585,000 $391 49 58
ARCADIA $1,205,000 $536 86 76
Q1 2015 $1,300,000 $571 82 71
ALTADENA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q1 2015
% CHANGE
5.98% 3.82% -32.65% 6.90%
$454,944 $361 24 52
$429,000 $333 23 56
6.05% 8.61% 4.35% -5.36%
CONDO
% CHANGE
Q1 2016
Q1 2015
% CHANGE
-7.31% -6.27% 4.88% 7.04%
$615,000 $380 38 82
$631,000 $410 44 56
-2.54% -7.38% -13.64% 46.43%
CONDO
Q1 2016
Q1 2015
% CHANGE
Q1 2016
Q1 2015
% CHANGE
$711,000 $429 70 61
$629,500 $406 84 69
12.95% 5.57% -16.67% -11.59%
NA NA NA NA
$259,500 $307 2 19
NA NA NA NA
SFR
CONDO
Q1 2016
Q1 2015
% CHANGE
Q1 2016
Q1 2015
% CHANGE
$952,500 $381 4 131
$1,000,000 $533 7 67
-4.75% -28.49% -42.86% 95.52%
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 2016
SFR
BRADBURY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
SFR Q1 2016
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q1 2016
Q1 2015
% CHANGE
Q1 2016
Q1 2015
% CHANGE
$772,500 $502 53 52
$655,000 $495 35 39
17.94% 1.32% 51.43% 33.33%
NA NA NA NA
$186,500 $390 1 207
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 2016
deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
GLENDORA
SFR Q1 2016
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$526,500 $356 76 77
Q1 2015 $536,000 $335 79 65
HIIGHLAND PARK
CONDO
% CHANGE
Q1 2016
Q1 2015
% CHANGE
-1.77% 6.32% -3.80% 18.46%
$440,500 $285 8 63
$390,000 $270 13 85
12.95% 5.62% -38.46% -25.88%
SFR
CONDO
% CHANGE
Q1 2016
Q1 2015
% CHANGE
$590,000 $472 59 57
-2.12% 9.40% -11.86% 7.02%
$385,000 $327 3 20
$281,500 $363 4 20
36.77% -9.87% -25.00% 0.00%
LA CRESCENTA :: GLENDALE
SFR
Q1 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$577,500 $516 52 61
Q1 2015
Q1 2016
Q1 2015
% CHANGE
Q1 2016
Q1 2015
% CHANGE
$760,000 $494 59 53
$675,000 $461 68 57
12.59% 7.09% -13.24% -7.02%
$425,000 $385 27 55
$511,000 $350 12 54
-16.83% 10.08% 125.00% 1.85%
LA CAÑADA FLINTRIDGE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
CONDO
Q1 2016
Q1 2015
% CHANGE
Q1 2016
Q1 2015
% CHANGE
$1,580,000 $630 52 56
$1,550,000 $627 35 56
1.94% 0.46% 48.57% 0.00%
$953,000 $477 2 42
$510,000 $413 3 49
86.86% 15.55% -33.33% -14.29%
MONROVIA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q1 2016
Q1 2015
% CHANGE
Q1 2016
Q1 2015
% CHANGE
$616,651 $439 56 54
$574,000 $413 54 57
7.43% 6.46% 3.70% -5.26%
$405,000 $362 16 63
$400,000 $337 23 75
1.25% 7.21% -30.43% -16.00%
“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 2016
deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
MOUNT WASHINGTON Q1 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$785,000 $474 25 63
SFR Q1 2015 $675,000 $459 31 79
PASADENA NE Q1 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$752,500 $490 90 64
Q1 2015 $702,500 $448 78 49
Q1 2015
% CHANGE
16.30% 3.18% -19.35% -20.25%
NA NA NA NA
NA NA NA NA
NA NA NA NA
CONDO
% CHANGE
Q1 2016
Q1 2015
% CHANGE
7.12% 9.42% 15.38% 30.61%
$535,000 $365 19 47
$392,000 $342 16 49
36.48% 6.85% 18.75% -4.08%
CONDO
Q1 2016
Q1 2015
% CHANGE
Q1 2016
Q1 2015
% CHANGE
$660,000 $512 31 45
$581,000 $455 58 78
13.60% 12.39% -46.55% -42.31%
$460,000 $419 14 72
$519,500 $394 8 46
-11.45% 6.24% 75.00% 56.52%
SFR
CONDO
Q1 2016
Q1 2015
% CHANGE
Q1 2016
Q1 2015
% CHANGE
$977,500 $563 38 51
$1,050,000 $560 39 78
-6.90% 0.59% -2.56% -34.62%
$495,000 $460 66 52
$502,000 $451 67 84
-1.39% 2.03% -1.49% -38.10%
PASADENA SW Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q1 2016
SFR
PASADENA SE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
SFR
PASADENA NW Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q1 2016
Q1 2015
% CHANGE
Q1 2016
Q1 2015
% CHANGE
$1,150,000 $609 19 53
$1,046,500 $562 19 79
9.89% 8.25% 0.00% -32.91%
$694,900 $459 32 67
$610,000 $470 26 47
13.92% -2.26% 23.08% 42.55%
“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 2016
deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
ROSEMEAD :: S. SAN GABRIEL Q1 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$505,000 $392 37 73
Q1 2015 $486,944 $381 38 83
SAN GABRIEL $758,000 $441 43 74
Q1 2015 $679,100 $439 48 50
SAN MARINO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q1 2016
Q1 2015
% CHANGE
3.71% 2.84% -2.63% -12.05%
$355,000 $315 10 78
$385,000 $287 5 66
-7.79% 9.50% 100.00% 18.18%
CONDO
% CHANGE
Q1 2016
Q1 2015
% CHANGE
11.62% 0.54% -10.42% 48.00%
$444,995 $332 14 61
$430,500 $308 6 71
3.37% 7.70% 133.33% -14.08%
CONDO
Q1 2016
Q1 2015
% CHANGE
Q1 2016
Q1 2015
% CHANGE
$1,952,500 $838 32 83
$2,237,500 $879 22 41
-12.74% -4.63% 45.45% 102.44%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SFR
CONDO
Q1 2016
Q1 2015
% CHANGE
Q1 2016
Q1 2015
% CHANGE
$1,114,000 $542 18 48
$923,500 $482 24 44
20.63% 12.33% -25.00% 9.09%
$625,000 $453 7 58
$600,000 $445 3 65
4.17% 1.83% 133.33% -10.77%
S. PASADENA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
SFR
SIERRA MADRE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR Q1 2016
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q1 2016
Q1 2015
% CHANGE
Q1 2016
Q1 2015
% CHANGE
$1,005,000 $564 21 58
$948,000 $555 22 47
6.01% 1.57% -4.55% 23.40%
$560,000 $414 11 34
$523,500 $462 11 40
6.97% -10.51% 0.00% -15.00%
“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 2016
deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
SUNLAND :: TUJUNGA Q1 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$525,000 $357 74 60
SFR Q1 2015 $455,000 $348 85 55
CONDO
% CHANGE
Q1 2016
Q1 2015
% CHANGE
15.38% 2.61% -12.94% 9.09%
$390,450 $317 8 41
$315,500 $281 8 95
23.76% 12.78% 0.00% -56.84%
“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 2016
deasypenner.com
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