Q2
MARKET REPORT 2022
Photography © Carothers
Your Guide to Los Angeles Market Performance & Analysis
In the second quarter of 2022, Los Angeles singlefamily homes and condos reached all-time highs in median price and price per square foot, yet sold faster than ever. When compared to Q2 2021, single-family home price per square foot increased in nearly every L.A. neighborhood. Similarly, condo median price and price per square foot rose in every neighborhood where condos sold during the quarter.
The number of single-family homes and condos sold declined 32% and 15% year-over-year, respectively, which
is a result of low inventory rather than low demand. Although single-family home inventory rose slightly in Q2 2022, it was the lowest spring inventory ever. Condo inventory continued to decline in the second quarter. In the first half of 2022, rising mortgage rates and inflation did not negatively affect demand or prices, but with mortgage rates already at a 14-year high and rising, we may see demand soften in Q3 2022.
Los Angeles County | Market Snapshot
Price
4,627
$554 5,706
Q2 2022 $695,000 $635
19 Q2 2022 $995,000 $708 12,108 18 Data* Median Price Avg. Price / Sq. Ft. Properties Sold Days on Market Data* Median Price Avg.
/ Sq. Ft. Properties Sold Days on Market Q2 2021 $615,000
26 Q2 2021 $900,000 $618 14,753 21 % Change 13.01% 14.74% -18.91% -26.92% % Change 10.56% 14.54% -17.93% -14.29% Condominium HomesSingle Family Homes Median Price Median Price vs Q2 2021 $900,000 $995,000 $695,000 10.56% Days On The Market Q2 2022 Q2 2022Q2 2021 Q2 2021 Properties Sold 4,627 5,706 18 DAYS 21 DAYS vs Q2 2021 $615,000 13.01% “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.
Single Family Homes
NEIGHBORHOOD
Baldwin Hills
Beverly Hills
Beverly Hills PO
Beverlywood
Beverly Center - Miracle Mile Brentwood
Cheviot Hills - Rancho Park Culver City
Downtown LA Hancock Park - Wilshire Hollywood
Hollywood Hills East Ladera Heights Leimert Park
Los Feliz
Mid - Los Angeles
Silver Lake - Echo Park
Studio City
Sunset Strip - HH West View Park
Westwood - Century City West Hollywood West LA
TOTAL/AVERAGE
MED. SALE PRICE
$1,475,000 $6,027,500 $3,597,509 $1,763,000 $2,475,000 $3,976,400 $3,430,000 $1,850,000 $558,750 $2,330,000 $1,550,000 $1,963,500 $1,800,000 NA $3,310,000 $1,155,000 $1,687,500 $2,300,000 $2,650,000 $1,565,000
$2,744,250 $1,718,000 $2,269,382
AVG. $ / SQ. FT.
$818 $1,800 $1,169 $1,081 $1,060 $1,420 $1,132 $1,128 $533 $1,013 $933 $980 $728 NA $1,169 $767 $1,046 $924 $1,103 $694 NA $1,164 $1,073 $988
# OF SALES 1 36 50 39 51 83 17 63 24 56 31 52 15 NA 46 84 100 91 119 4 NA 38 33 1,033
NA
Q2 2022 Explore Your Neighborhood Los Angeles Area
Condominium Homes
2022
NEIGHBORHOOD
Baldwin Hills
Beverly Hills
Beverly Hills PO
Beverlywood
Beverly Center - Miracle Mile Brentwood
Cheviot Hills - Rancho Park
Culver City
Downtown LA Hancock Park - Wilshire Hollywood
Hollywood Hills East Ladera Heights Leimert Park
Los Feliz
Mid - Los Angeles
Silver Lake - Echo Park Studio City
Sunset Strip - HH West View Park
Westwood - Century City
West Hollywood
West LA
MED. SALE PRICE
NA‘ $1,475,000 NA $1,062,500 $1,025,000 $1,135,000 NA $740,000 $600,000 $782,500 $805,000 $820,000 $658,000 NA $933,000 $737,500 $906,000 $815,000 $738,500 NA $1,210,000 $945,000 $975,000 $909,056
AVG. $ / SQ. FT. NA $874 NA $737 $776 $776 NA $689 $685 $663 $686 $640 $490 NA $892 $554 $750 $633 $886 NA $895 $901 $755 $738
be
low
off-market, non-MLS sales.
# OF SALES NA 41 NA 20 28 75 NA 61 154 49 32 15 6 NA 19 4 27 38 42 NA 174 121 39 945
TOTAL/AVERAGE
Q2
“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
due to
turnover or
Explore
Los Angeles Area
Baldwin Hills
Beverly Hills
Beverly Hills PO
Beverlywood
Brentwood
Cheviot Hills - Rancho Park
Culver City
Downtown LA
Hancock Park - Wilshire
Beverly Center - Miracle Mile Hollywood
Hollywood Hills East
Ladera Heights
Leimert Park
Los Feliz
Mid - Los Angeles
Silver Lake - Echo Park
Studio City
Sunset Strip - HH West
View Park
West Hollywood
West LA
Westwood - Century City
Median Price Q2 2022 — Q2 2021 Single Family Homes 0 $1.7M $3.5M $5.25M $7M
20212022
Your Neighborhood
Beverly Center
Beverly Hills
Beverly Hills
Brentwood
Cheviot Hills - Rancho Park
Culver City
Downtown LA
Hancock Park - Wilshire
Baldwin Hills Beverlywood Hollywood
Hollywood Hills East
Ladera Heights
Leimert Park
Los Feliz
Mid - Los Angeles
Silver Lake - Echo Park
Studio City
Sunset Strip - HH West
View Park
West Hollywood
West LA
Westwood - Century City
Median Price Q2 2022 — Q2 2021 Condominium Homes 0 $375K $750K $1.2M
PO
“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. 20212022 $1.5M
Market Performance By Neighborhood
Los Angeles Area
Baldwin Hills
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Beverly Hills
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Beverly Hills PO
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 $1,475,000 $818 1 0 Q2 2022 NA NA NA NA
Q2 2021 $1,425,000 $641 2 43 Q2 2021 NA NA NA NA
% CHANGE 3.51% 27.63% -50.00% -100.00%
% CHANGE NA NA NA NA
Q2 2022
$3,277,500 $1,800 41 5 Q2 2022 $6,027,500 $874 36 50
Q2 2021 $6,559,250 $1,595 45 56 Q2 2021 $1,290,000 $765 66 77
% CHANGE -50.03% 12.82% -8.89% -30.36%
% CHANGE -8.11% 14.12% -45.45% -35.06%
Q2 2022 $3,597,509 $1,169 50 60 Q2 2022 NA NA NA NA
Q2 2021 $3,277,500 $1,087 64 55 Q2 2021 NA NA NA NA
% CHANGE 9.76% 7.50% -21.88% 9.09% % CHANGE NA NA NA NA
Beverlywood
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 $1,763,000 $1,081 33 39 Q2 2022 $1,062,500 $737 20
Q2 2021 $1,870,000
% CHANGE -5.72% 9.87% -5.71% -30.36%
2021 $930,000
% CHANGE 14.25% 9.87% -25.93% -56.25%
Beverly Center | Miracle Mile
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 $2,475,000 $1,060 28 51 Q2 2022 $1,025,000 $1,026 28
2021 $2,265,000 $916
% CHANGE 9.27% 15.70% -37.78% -32.00%
Q2 2021 $770,000 $935
% CHANGE 33.12% 9.77% -37.78% -42.86%
Brentwood
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
2022
$3,400,000 $1,230
2021
% CHANGE -8.11% 3.68% -16.39% -22.03%
Q2 2022 $1,135,000
% CHANGE 20.87% 6.63% -23.47% -25.00%
“Source:
14
$984 35 56 Q2
$671 27 32
Q2
51 46
$776 75 24 Q2
$3,700,000 $1,187 61 59 Q2 2021 $939,000 $727 98 32
28 Q2
45 75
45 49
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.
Market Performance By Neighborhood Los Angeles Area
Cheviot Hills | Rancho Park
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Culver City
SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
2022
Q2 2021 $2,256,500 $1,013 18 38
2021
CHANGE 52.01% 11.69% -5.56% -36.84%
CHANGE NA NA NA NA
Q2 2022
2021 $1,560,000 $1,034 85 24
% CHANGE 18.59% 9.08% -25.88% -41.67%
2022
2021 $605,555
77 21
Downtown Los Angeles
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2
2021
% CHANGE 22.20% 7.63% -20.78% -9.52%
25
2021
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CHANGE 8.50% 14.63% -50.00% 72.00%
CHANGE 5.45% 9.07% 6.21% -22.22%
Q2
$3,430,000 $1,132 17 24 Q2 2022 NA NA NA NA
Q2
NA NA NA NA %
%
2022 $558,750 $533 24 43 Q2 2022 $600,000 $685 154 49 Q2
$515,000 $465 48
Q2
$569,000 $628 145 63 %
%
CONDO
$1,850,000 $1,128 63 14 Q2
$740,000 $689 61 19 Q2
Q2
$641
Hancock Park | Wilshire
SFR
Median Price
Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Hollywood
SFR
Median Price
Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 $2,330,000 $1,013
2021
% CHANGE 20.82% 21.27% -28.21% -41.67%
Q2 2022 $782,500 $663
$730,000
% CHANGE 7.19% 11.71% -28.40% 4.17%
Q2 2022
$1,550,000 $933 31 30 Q2 2022 $805,000 $686
2021 $1,325,000
% CHANGE 16.98% 24.55% -42.59% -30.23%
2021 $726,500
% CHANGE 10.81% 9.08% -30.43% -12.50%
Hollywood Hills East
SFR
Median Price
Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 $820,000
% CHANGE 26.15% 21.55% -44.23% -37.93%
2022 $820,000
% CHANGE 26.15% 4.73% -11.76% -18.18%
“Source:
56 21
58 50 Q2
$1,928,500 $836 78 36 Q2 2021
$593 81 48
$954 29 36 Q2
$640 15 18 Q2 2021 $650,000 $785 52 58 Q2 2021 $650,000 $611 17 22
32 42 Q2
$749 54 43 Q2
$629 46 48
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.
Market Performance By Neighborhood
Angeles Area
Ladera Heights
SFR
Median Price
Price / Sq. Ft. Properties Sold
on Market
Price Avg Price / Sq. Ft.
Sold
on Market
Leimert Park
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Los Feliz
SFR Median Price
Price / Sq. Ft. Properties Sold Days on Market
Median Price Avg Price / Sq. Ft. Properties Sold
on Market
CHANGE
22.44% -25.00% -40.00%
CHANGE 19.53% 14.01% 50.00% -59.02%
CHANGE
27.41% -39.47% -30.00%
CHANGE 16.62% 24.79% -9.52% -56.10%
Q2 2022 $1,800,000 $728 15 12 Q2 2022 $658,000 $490 6 50 Q2 2021 $1,646,500 $594 20 20 Q2 2021 $550,500 $430 4 122 %
9.32%
%
Avg
Days
CONDO Median
Properties
Days
Q2 2022 $3,310,000 $1,169 46 21 Q2 2022 $933,000 $892 19 18 Q2 2021 $2,184,500 $918 76 30 Q2 2021 $800,001 $715 21 41 %
51.52%
%
Avg
CONDO
Days
Q2 2022 NA NA NA NA Q2 2022 NA NA NA NA Q2 2021 NA NA NA NA Q2 2021 NA NA NA NA % CHANGE NA NA NA NA % CHANGE NA NA NA NA
Los
Mid Los Angeles
SFR
Median Price
Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 $1,155,000 $767 84 19 Q2 2022 $737,500 $554 4 14
Silver Lake | Echo Park
SFR
Median Price
Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Studio City
SFR Median Price
Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2021 $1,025,000 $679 121 27 Q2 2021 $675,000 $528 5 30
% CHANGE
12.68% 12.84% -30.58% -29.63%
% CHANGE 9.26% 4.77% -20.00% -53.33%
Q2 2022 $1,687,500 $1,046 100 20 Q2 2022 $906,000 $750 27 18
Q2 2021 $1,302,500 $864 146 26 Q2 2021 $732,500 $664 34 31
% CHANGE 29.56% 21.14% -31.51% -23.08%
% CHANGE 23.69% 12.90% -20.59% -41.94%
Q2 2022 $2,300,000 $924 91 15 Q2 2022 $815,000 $633
2021 $2,120,000 $807 135 28
2021 $760,000
% CHANGE 8.49% 14.51% -32.59% -46.43%
% CHANGE
7.24% 17.04% -46.48% -37.50%
“Source:
38 15 Q2
Q2
$540 71 24
‘
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.
Market Performance By Neighborhood Los Angeles Area
Sunset Strip | HH West
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 $2,650,000 $1,103 119 42 Q2 2022 $738,500 $886 42 23
Q2 2021
$2,233,500 $974 140 46
Q2 2021 $735,000 $792 40 43
% CHANGE 18.65% 13.22% -15.00% -8.70%
% CHANGE 0.48% 11.93% 5.00% -46.51%
View Park
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 $1,565,000 $694 4 21 Q2 2022 NA NA
NA
Westwood | Century City
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 NA
NA
Q2 2022
Q2 2021 $1,065,000 $677 2 9 Q2 2021 $665,000 $426 1 4
% CHANGE 46.95% 2.46% 100.00% 133.33% % CHANGE NA
Q2 2021
$2,600,000 $1,029 67 27
Q2 2021 $665,000 $426 1 4
CHANGE
CHANGE
NA NA
NA NA NA NA
%
NA NA NA NA %
NA NA NA NA
NA
NA NA NA
West Hollywood
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
West Los Angeles
SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022
$2,744,250 $1,164 38 38 Q2 2022 $1,210,000 $895 174 33
Q2 2021 $2,210,000 $1,048 49 38 Q2 2021 $1,008,000 $754 196 41
% CHANGE
24.17% 11.05% -22.45% 0.00%
% CHANGE 20.04% 18.70% -11.22% -19.51%
Q2 2022
$1,718,000 $1,073 33 22 Q2 2022 $975,000 $755 39 18
Q2 2021 $1,718,000 $951 42 20 Q2 2021 $843,500 $697 50 35
% CHANGE 11.92% 12.83% -21.43% 10.00%
% CHANGE 15.59% 8.40% -22.00% -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.
Explore Your Neighborhood Westside Area
The median price and average price per square foot in the Westside market reached all-time highs for both single-family homes and condos in the second quarter of 2022. Single-family home and condo price per square foot rose in every neighborhood in Westside L.A. compared to Q2 2021. Mortgage rates jumped over 1.5% in Q2 2022, and because they are expected to rise throughout the rest of the year, buyers have rushed to lock in lower mortgage rates.
The number of single-family homes and condos sold declined 29% year-over-year, which isn’t surprising given the 35% decline in inventory compared to Q2 2021.
As active listings continue to decline, sales naturally decline with them. Westside L.A. inventory is rising from the all-time low it reached last quarter, but buyers are still facing significant competition. Like the rest of Los Angeles, homes are selling at the fastest pace in history.
Single Family Homes
2022
NEIGHBORHOOD
Malibu Beach
Malibu
Marina Del Rey Pacific Palisades
Palms – Mar Vista
Playa Vista Santa Monica Venice TOTAL/AVERAGE
OF SALES
MED. SALE PRICE
$10,650,000 $4,000,000 $1,850,000 $5,600,000 $1,980,000 $3,122,500 $3,858,000 $2,500,000 $4,195,063
AVG. $ / SQ. FT.
$4,125 $1,386 $1,059 $1,764 $1,174 $941 $1,637 $1,499 $1,698
Condominium Homes
2022
NEIGHBORHOOD
Malibu Beach
Malibu
Marina Del Rey Pacific Palisades
Palms – Mar Vista
Playa Vista Santa Monica Venice
TOTAL/AVERAGE
MED. SALE PRICE
$2,587,500 $1,400,000 $1,273,000 $1,925,000 $785,000 $1,412,500 $1,375,000 $1,618,000 $1,547,000
AVG. $ / SQ. FT. $2,344 $1,007 $830 $992 $748 $874 $1,102 $1,049 $1,118
“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.
# OF SALES 8 9 82 25 22 36 142 22 346
Q2
#
14 49 33 63 78 8 53 71 $369
Q2
Properties Sold Q2 2022 Single Family Homes Explore Your Neighborhood Westside Area Santa Monica Playa Vista Pacific Palisades Marina Del Rey Malibu Malibu Beach Palms | Mar Vista Venice 53 8 63 33 49 14 78 71
Properties Sold Q2 2022 Condominium Homes Santa Monica Marina Del Rey Malibu Malibu Beach Playa Vista Venice Palms | Mar Vista 142 82 9 8 36 22 22 Pacific Palisades 25 “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.
Market Performance By Neighborhood
Westside Area
Malibu Beach
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 $2,587,500 $2,344 8 24 Q2 2022 $2,587,500 $2,344 8 24
Q2 2021
$1,160,000 $1,370 3 75 Q2 2021 $1,160,000 $1,370 3 75
% CHANGE 123.06% 71.08% 166.67% -68.00% % CHANGE 123.06% 71.08% 166.67% -68.00%
Malibu
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Marina Del Rey
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 $4,000,000 $1,386 49 66 Q2 2022 $1,400,000 $1,007 9 12
Q2 2021 $3,950,000 $1,274 63 79 Q2 2021 $1,091,000 $863 15 52
% CHANGE 1.27% 8.76% -22.22% -16.46%
% CHANGE 28.32% 16.67% -40.00% -76.92%
Q2 2022
$1,850,000 $1,059 33 19 Q2 2022 $1,273,000 $830 82 24
Q2 2021
$1,925,000 $1,013 42 29 Q2 2021 $1,159,500 $762 120 35
% CHANGE -3.90% 4.49% -21.43% -55.91% % CHANGE 9.79% 8.88% -31.67% -31.43%
Pacific Palisades
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Palms | Mar Vista
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Playa Vista
SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022
$5,600,000 $1,764 63 32 Q2 2022 $1,925,000 $992 25 40
Q2 2021 $3,961,750 $1,275 108 39 Q2 2021 $1,265,000 $829 35 38
% CHANGE
41.35% 38.30% -41.67% -17.95%
% CHANGE 52.17% 19.66% -28.57% 5.26%
Q2 2022
$1,850,000 $1,108 55 25 Q2 2022 $785,000 $748 22 19
Q2 2021 $1,847,350 $959 81 42 Q2 2021 $875,000 $705 33 20
% CHANGE
0.14% 15.46% -32.10% -40.48%
% CHANGE -10.29% 6.07% -33.33% -5.00%
Q2 2022
$3,122,500 $941 8 26 Q2 2022 $1,412,500 $874
Q2 2021 $2,490,000 $825 17 28 Q2 2021 $1,075,000 $750 61
% CHANGE 25.40% 14.09% -52.94% -7.14%
% CHANGE 31.40% 16.53% -40.98% -51.28%
“Source:
Some
or areas may generate small sample sizes which may skew data
any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
36 19
39
The MLS/CARETS Note:
neighborhoods
in
Market Performance By Neighborhood
Westside Area
Santa Monica
SFR
Median Price
Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022
$3,858,000 $1,637 53 20 Q2 2022 $1,375,000 $1,102 142 26
Q2 2021
$3,322,500 $1,421 96 39 Q2 2021 $1,122,500 $972 180 43
% CHANGE 16.12% 15.22% -44.79% -48.72%
% CHANGE 22.49% 13.32% -21.11% -39.53%
Venice
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022
$2,525,000 $1,314 68 58 Q2 2022 $2,500,000 $1,499 71 30
Q2 2021
$1,869,000 $1,211 64 59 Q2 2021 $2,100,000 $1,274 78 46
% CHANGE 35.10% 8.56% 6.25% -1.69%
% CHANGE 19.05% 17.60% -8.97% -34.78%
Explore Your Neighborhood
San Gabriel Valley
In the second quarter of 2022, single-family homes and condos reached record highs in median price and price per square foot, and single-family homes sold at the quickest pace ever. Every city in the San Gabriel Valley saw year-over-year increases in median price and average price per square foot. The San Gabriel Valley seems to be immune to the economic factors affecting demand in other parts of the county. The area’s desirability is simply too high. The number of sales has declined with inventory over the past year for both single-family homes and condos.
Like the rest of Southern California, the San Gabriel Valley is in a massive state of undersupply. Although the number of sales declined with inventory over the past year, inventory rose slightly from the record low first quarter, spurring a jump in quarter-over-quarter sales: 16% for single-family homes and 28% for condos.
“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.
Single
NEIGHBORHOOD
Alhambra Arcadia Altadena Bradbury Claremont Duarte Eagle Rock Glendora
Highland Park La Crescenta / Glendale La Cañada Flintridge La Verne Monrovia Mount Washington Pasadena NE Pasadena NW Pasadena SE Pasadena SW Rosemead / S. San Gabriel San Dimas San Gabriel San Marino Sierra Madre South Pasadena Sunland - Tujunga
MED. SALE PRICE
$1,086,500 $1,669,000 $1,329,224 $2,500,000 $996,000 $805,000 $1,487,500 $916,500 $1,127,000 $1,327,500 $2,450,000 $1,000,000 $1,047,500 $1,350,000 $1,320,000 $1,228,500 $1,794,000 $2,010,000 $858,000 $925,000 $1,319,000 $2,830,000 $1,750,000 $2,350,010 $887,000 $1,454,529
AVG. $ / SQ. FT. $736 $740 $810 $553 $523 $596 $973 $573 $982 $832 $998 $540 $723 $1,038 $846 $862 $898 $964 $618 $549 $762 $990 $764 $1,034 $678 $783
# OF SALES 52 120 110 1 86 42 56 122 77 96 80 62 64 39 111 48 54 35 46 50 58 52 35 22 93 $1,611
TOTAL/AVERAGE
Family Homes Q2 2022 Explore Your Neighborhood San Gabriel Valley Area
Condominium Homes
2022
NEIGHBORHOOD
Alhambra
Arcadia Altadena
Bradbury
Claremont
Duarte
Eagle Rock
Glendora
Highland Park La Crescenta / Glendale La Cañada Flintridge
La Verne
Monrovia Mount Washington Pasadena NE Pasadena NW Pasadena SE Pasadena SW
Rosemead / S. San Gabriel San Dimas
San Gabriel
San Marino
Sierra Madre South Pasadena
Sunland - Tujunga
TOTAL/AVERAGE
MED. SALE PRICE
$734,000 $872,500 $690,500 NA $585,000 $585,000 $828,750 $715,000 $780,000 $827,500 $1,450,000 $530,000 $647,500 NA $745,000 $950,000 $757,500 $1,068,000 $681,000 $643,500 $790,500 NA $935,000 $1,180,000 $625,000 $766,141
AVG. $ / SQ. FT.
$570 $550 $675 NA $449 $469 $579 $440 $653 $611 $746 $518 $543 NA $649 $692 $684 $791 $488 $491 $542 NA $579 $762 $520 $565
# OF SALES 38 52 2 NA 19 12 2 17 3 18 5 7 12 NA 35 10 80 67 10 14 20 NA 5 19 14 461
Q2
“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.
Median Price Q2 2022 Single Family Homes Explore Your Neighborhood San Gabriel Valley Area Claremont Pasadena SEArcadia Altadena La Verne La Cañada FlintridgeEagle Rock Glendora Rosemead / S. San Gabriel Sierra MadreAlhambra Duarte Pasadena SWBradbury Monrovia Mount Washington Pasadena NE Pasadena NW Highland Park La Crescenta / Glendale San Dimas South PasadenaSan Marino San Gabriel Sunland / Tujunga 750K 0 $1.5M $2.25M $3M
Median Price Q2 2022 Condominium Homes Claremont Pasadena SEArcadia Altadena La Verne La Cañada FlintridgeEagle Rock Rosemead / S. San Gabriel Sierra MadreAlhambra Duarte Pasadena SWBradbury Monrovia Mount Washington Pasadena NE Pasadena NW Highland Park La Crescenta / Glendale San Dimas South PasadenaSan Marino San Gabriel Sunland / Tujunga $375K 0 $750k $1.25M $1.5M “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. Glendora
Market Performance By Neighborhood San Gabriel Valley Area
Alhambra
SFR
Median Price
Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 $1,086,500 $736 52 22 Q2 2022 $680,000 $535 58 27
Q2 2021 $887,313 $613 47 21 Q2 2021 $590,000 $459 35 39
% CHANGE 22.45% 20.08% 10.64% 4.76%
CHANGE 15.25% 16.54% 65.71% -30.77%
Arcadia
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 $1,669,000 $740 120 26 Q2 2022 $872,500 $520 43 29
Q2 2021 $1,531,000 $645 138 34 Q2 2021 $798,500 $464 57 35
% CHANGE 9.01% 14.83% -13.04% -23.53%
CHANGE 9.27% 11.93% 32.56% -17.14%
Altadena
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 $1,329,224 $796 83 19
2022
Q2 2021 $1,259,000 $674 85 31 Q2 2021 $567,500 $549
CHANGE 5.58% 18.02% -2.35% -38.71%
CHANGE 21.67% 23.03% 0.00% -90.00%
%
Q2
$690,500 $675 2 4
2 40 %
%
%
Bradbury
SFR
Median Price
Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022
2021
% CHANGE
13.79% 3.43% -75.00% 311.76%
2022
SFR Median Price
Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 $996,000
2021 $885,000
CHANGE NA NA NA NA
% CHANGE
12.54% 15.68% -14.85% -31.25%
Q2 2022 $585,000
2021 $575,000
% CHANGE 1.74% 21.41% -50.00% -73.53%
Duarte
SFR Median Price
Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022
2021
% CHANGE 3.93% 14.38% 3.33% -14.29%
% CHANGE 13.33% 21.16% -33.33%
$2,500,000 $553 1 210 Q2
NA NA NA NA Q2
$2,197,000 $535 4 51 Q2 2021 NA NA NA NA
%
$720,000 $583 31 18 Q2 2022 $497,500 $450 6 32 Q2
$692,750 $510 30 21 Q2 2021 $439,000 $372 9 13
146.15%
$523 86 11
$449 9 9 Q2
$452 101 16 Q2
$370 18 34
Claremont “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.
Market Performance By Neighborhood
San Gabriel Valley Area
Eagle Rock
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 $1,487,500 $973
2022 $828,750
Q2 2021 $1,044,500 $700 94 19 Q2 2021 $490,500 $413 2 22
% CHANGE 42.41% 38.84% -40.43% -5.26%
CHANGE 68.96% 40.41% 0.00% -40.91%
Glendora
SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Highland Park
SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 $916,500 $571 94 20
2022 $640,000 $463
Q2 2021 $860,000 $470 84 33 Q2 2021 $530,000 $356 19 22
% CHANGE 6.57% 21.46% 11.90% -39.39%
CHANGE 20.75% 29.91% -42.11% -77.27%
Q2 2022 $1,127,000 $982
2021 $1,105,000 $834 87 22
CHANGE 1.99% 17.69% -11.49% -22.73%
2022
2021 $550,000 $642
CHANGE 41.82% 1.72% -66.67% -14.29%
56 18 Q2
$579 2 13
%
77 17 Q2
$780,000 $653 3 18 Q2
Q2
9 21 %
%
Q2
11 5
%
La Crescenta | Glendale | Montrose
SFR
Median Price
Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 $1,327,500 $805 56 19 Q2 2022 $827,500 $611 18 20
La Cañada Flintridge
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022
$2,450,000 $914 42 42 Q2 2022 $1,450,000 $746 5 21
La Verne
SFR Median Price
Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 $1,000,000 $499 62 37 Q2 2022 $413,000 $495
Q2 2021 $1,220,000 $678 74 27 Q2 2021 $730,000 $497 24 37
% CHANGE
8.81% 18.79% -24.32% -29.63%
% CHANGE 13.36% 22.84% -25.00% -45.95%
Q2 2021 $2,227,500 $739 79 61 Q2 2021 $1,305,000 $600 3 6
% CHANGE 9.99% 23.66% -10.13% -31.15%
% CHANGE 11.11% 24.48% 66.67% 250.00%
Q2 2021 $860,000 $421 70
% CHANGE 16.28% 18.35% 6.92% 32.14%
2021 $530,000 $404
% CHANGE 28.33% 22.41% -50.00% -23.08%
“Source:
5 10
28 Q2
10 13
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.
Market Performance By Neighborhood
San Gabriel Valley Area
Monrovia
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Mount Washington
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 $1,047,500 $723 64 15 Q2 2022 $647,500 $543
15
Q2 2021 $895,000 $601 79 16 Q2 2021 $640,000 $451 18 11
% CHANGE 17.04% 20.34% -18.99% -6.25%
CHANGE 1.17% 20.41% -33.33% 36.36%
Q2 2022 $1,350,000 $894 34 20
2022
Q2 2021 $1,205,000 $719 27 39 Q2 2021 $425,000 $630 7 18
Pasadena NE
SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 $1,320,000 $846 93 24
2022 $745,000
2021 $1,178,500 $714 112 26 Q2 2021 $655,000 $564
% CHANGE 12.03% 24.27% 25.93% -48.72%
CHANGE NA NA NA
% CHANGE 12.01% 18.49% -19.96% -7.69%
CHANGE 13.74% 15.00% 66.67% -4.55%
12
%
Q2
$649 35 21 Q2
21 22
%
Q2
NA NA NA NA
%
Pasadena NW
SFR
Median Price
Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022
$1,228,500 $862 48 19 Q2 2022 $757,500 $556 9 45
Q2 2021 $1,133,230 $730 62 40 Q2 2021 $950,000 $546 12 45
% CHANGE
8.41% 17.94% -22.58% -52.50%
% CHANGE 39.37% 1.79% -25.00% 0.00%
Pasadena SE
SFR Median Price
Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022
$1,381,500 $856 34 24 Q2 2022 $747,000 $634 70 29
Q2 2021 $1,510,000 $735 40 48 Q2 2021 $640,500 $569 74 41
% CHANGE -8.51% 16.48% -15.00% -50.00%
% CHANGE 116.63% 11.40% -5.41% -29.27%
Pasadena SW
SFR Median Price
Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022
$2,010,000 $964 37 35 Q2 2022 $955,000 $627 35 23
Q2 2021 $1,900,000 $888 41 46 Q2 2021 $717,800 $571 38 38
% CHANGE 5.79% 8.63% -9.76% -23.91%
% CHANGE 33.05% 9.85% -7.89% -39.47%
“Source: The
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.
MLS/CARETS
Market Performance By Neighborhood
San Gabriel Valley Area
Rosemead/S. San Gabriel
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
2022
2022 $655,000
Q2 2021 $752,000 $541 37 11 Q2 2021 $593,000 $348 4 18
CHANGE 14.10% 14.15% 24.32% 27.27%
CHANGE 10.46% 32.52% -50.00% 172.22%
San Dimas
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
2022 $925,000
2022
2021 $830,000 $453 92 11 Q2 2021 $470,000 $351 23 16
% CHANGE 11.45% 21.33% -45.65% 118.18%
CHANGE 20.43% 29.22% -4.35% -31.25%
San Gabriel
SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022
2021 $1,030,000 $626 67 22
2021 $779,000 $445
CHANGE 28.06% 21.85% -13.43% -9.09%
CHANGE 19.61% 17.17% 36.84% -25.00%
Q2
$858,000 $618 46 14 Q2
$462 2 49
%
%
$1,319,000 $762 58 20 Q2 2022 $828,000 $532 26 15 Q2
Q2
19 20 %
%
Q2
$549 50 24 Q2
$566,000 $453 22 11 Q2
%
San Marino
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
2022
% CHANGE
12.68% 9.56% -3.70% -32.61%
% CHANGE NA NA NA NA
Sierra Madre
SFR Median Price
Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
2022
2021
% CHANGE
27.71% 34.33% -39.29% -73.97%
Q2 2022
% CHANGE NA NA NA NA
South Pasadena
SFR Median Price
Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
2022
% CHANGE
14.09% -46.34% -28.00%
% CHANGE 8.48% 10.24% -41.18% -67.74%
Q2
$2,830,000 $990 52 31 Q2 2022 NA NA NA NA Q2 2021 $2,511,500 $904 54 46 Q2 2021 NA NA NA NA
Q2
$2,350,010 $1,034 22 18 Q2 2022 $895,000 $730 10 10 Q2 2021 $1,715,000 $906 41 25 Q2 2021 $825,000 $662 17 31
37.03%
Q2
$1,475,000 $879 17 19
$935,000 $579 5 18 Q2
$1,155,000 $654 28 73 Q2 2021 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.
Market Performance By Neighborhood
San Gabriel Valley Area
Sunland-Tujunga
Q2 2022 $887,000 $678 93 14 Q2 2022 $625,000 $520 14 17 Q2 2021 $832,500 $613 110 28 Q2 2021 $570,000 $445 9 14 % CHANGE 6.55% 10.45% -15.45% -50.00% % CHANGE 18.95% 22.63% 22.22% 85.71% SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Explore Your Neighborhood
Coachella Valley
Coachella Valley homes had another exceptional quarter, hitting new all-time highs in price per square foot for the eighth quarter in a row for both single-family homes and condos. In the second quarter of 2022, single-family homes and condos reached record highs in median price and price per square foot. In every neighborhood, single-family homes and condos saw year-over-year increases in median price and average price per square foot.
Love of the area is unending and demand is insatiable, which has driven inventory down 47% over the past three years. Extremely low inventory caused sales to decline year-over-year. Similar to the L.A. and San Gabriel Valley markets, prices have increased in the face of rising mortgage rates. Although inventory and sales nudged higher quarter-over-quarter, supply will be the driving factor for prices going forward.
“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.
Properties Sold Q2 2022 – Q2 2021 Single Family Homes Explore Your Neighborhood Coachella Valley Area La Quinta S. of HWY 111 Cathedral City South Indian Wells Palm Springs South End Palm Springs North End Palm Desert North Cathedral City North Palm Desert East La Quinta N. of HWY 111 Rancho Mirage Palm Desert South Palm Springs Central 113125250375500 00 20222021 225 338 450
Properties Sold Q2 2022 – Q2 2021 Condominium Homes La Quinta No. of HWY 111 Cathedral City South Indian Wells Palm Springs South End Palm Springs North End Palm Desert North Cathedral City North Palm Desert East Rancho Mirage Palm Desert South Palm Springs Central 4075150225300 00 120 160 20222021 “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. 80 La Quinta S. of H
Market Performance By Neighborhood Coachella Valley Area
Cathedral City North
SFR
Median Price
Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 $550,000 $326 113
Q2 2022 $315,000 $354 34
Q2 2021
$442,500 $265 137 40 Q2 2021 $201,000 $194 32 46
Cathedral City South
SFR
Median Price
Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 $563,500 $374 48 30 Q2 2022 $351,000 $247 24 42
Q2 2021
$465,000 $278 42 45 Q2 2021 $249,000 $181 27 60
Indian Wells
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 $1,875,000 $600 81
2022 $686,800
Q2 2021
$1,325,000 $424 111 74 Q2 2021 $545,000 $279 42 51
% CHANGE 24.29% 23.32% -17.52% -22.50%
% CHANGE 56.72% 82.42% 6.25% -32.61%
% CHANGE 21.18% 34.81% 14.29% -33.33%
% CHANGE 40.96% 37.01% -11.11% -30.00%
% CHANGE 41.51% 41.31% -27.03% -50.00% % CHANGE 26.02% 31.92% -26.19% -43.14%
31
31
37 Q2
$368 31 29
La Quinta North of HWY 111 - Indian Springs
SFR
Median Price
Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 $657,350 $329 43 36 Q2 2022 $402,500 $407 14 26
Q2 2021 $560,000 $264 67 49 Q2 2021 $272,500 $256 16 37
La Quinta South of HWY 111 - Indian Springs
SFR
Median Price
Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 $950,000 $484 272 42 Q2 2022 $774,975 $384 66 26
Q2 2021 $855,000 $370 440 69 Q2 2021 $517,250 $302 132 34
Palm Desert East
SFR Median Price
Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 $615,000 $388 74 29 Q2 2022 $530,000 $366 145 24
Q2 2021 $590,000 $300 98 40 Q2 2021 $374,516 $257 225
% CHANGE
17.38% 24.70% -35.82% -26.53%
% CHANGE 47.71% 59.26% -12.50% -29.73%
% CHANGE
11.11% 31.03% -27.62% -38.18%
% CHANGE 49.83% 27.22% -50.00% -23.53%
% CHANGE 4.24% 29.45% -24.49% -27.50%
% CHANGE 41.52% 42.46% -35.56% -33.33%
“Source:
36
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.
Market Performance By Neighborhood
Coachella Valley Area
Palm Desert North
SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 $712,500 $364 64 27 Q2 2022 $579,000 $346 71 20
Q2 2021 $586,000 $281 74 32
Q2 2021 $389,000 $254 111 35
% CHANGE 21.59% 29.35% -13.51% -15.63%
% CHANGE 48.84% 35.94% -36.04% -42.86%
Palm Desert South
SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 $1,285,000 $587 69 28 Q2 2022 $520,000 $400 83 25
Palm Springs Central
SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 $1,450,000 $818 63 28 Q2 2022 $410,000 $341 84 27
Q2 2021 $931,500 $421 110 68 Q2 2021 $410,000 $296 94 55
% CHANGE 37.95% 39.66% -37.27% -58.82%
% CHANGE 26.83% 35.05% -11.70% -54.55%
Q2 2021 $1,052,500 $586 101 25
Q2 2021 $298,000 $269 102 58
% CHANGE 37.77% 39.51% -37.62% 12.00% % CHANGE 37.58% 26.69% -17.65% -53.45%
Palm Springs North End
SFR
Median Price
Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022 $825,295 $560 105
Q2 2022 $335,000 $388
2021
% CHANGE
6.49% 25.97% -8.70% -22.58%
% CHANGE 61.45% 39.95% -21.62% -57.14%
Palm Springs South End
SFR
Median Price
Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Rancho Mirage
SFR
Median Price
Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2022
$1,550,000 $733 78
2021 $1,198,500
% CHANGE
29.33% 36.46% -17.02% -17.95%
Q2 2022 $450,000 $381
$345,000
% CHANGE 30.43% 35.53% -7.85% -32.26%
Q2 2022
$1,200,000
% CHANGE 33.33% 33.35% -22.07% -39.62%
2022 $597,250
% CHANGE 47.47% 38.71% -26.47% -42.11%
“Source:
24
58 15 Q2
$775,000 $445 115 31 Q2 2021 $207,500 $277 74 35
$479 173 32 Q2
$332 100 22 Q2 2021 $900,000 $359 222 53 Q2 2021 $405,000 $239 136 38
32
176 ‘ 21 Q2
$537 94 39 Q2 2021
$281 191 31
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.
About Us dppre.com
DPP, also known to many as Deasy Penner Podley — dedicates its residential real estate practice to the principle that every home is art.™ With a presence from Malibu to Palm Springs — as well as an international network of like-minded brokerages — DPP brings decades of experience and unmatched expertise to sourcing your most important asset.
With 300 exceptional partner-agents, our specialized, collaborative team approach and unique brand transcend the traditional brokerage — allowing us to be a truly integrated, regional firm with a distinct voice. To that end, DPP was recently awarded “Most Innovative Brokerage” by Leading Real Estate Companies of the World. DPP continues to exceed buyer and seller expectations with unparalleled expertise.
Leveraging a 2021 strategic partnership with Side — the Silicon Valley real estate technology firm — we now provide our clients with superior tech and tools that outpace the biggest brokerages, while remaining community-driven, locally-owned and solidly boutique. Our corporate headquarters are in your backyard, not across the county. Decisions are made locally, allowing us to be more nimble, innovative and proactive than the big-box brokerages. We’re involved in the day-to-day business, making us intimately aware of every facet of the firm, our agent partners, and our clients.
We care deeply about our Southern California community. Our agents are family; our clients are neighbors. If you ever wish to speak with us, we are always available.
Mike Deasy & George Penner
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Oak Knoll Architectural
Located in Pasadena’s prestigious Oak Knoll area, this thoughtfully designed contemporary home is the perfect venue for large scale entertaining. Step into the light infused living room with 22’ vaulted ceilings that extends seamlessly into the private backyard. The space flows into the grand...
The John Sowden House
A dazzling neo-Mayan gem built by architect Lloyd Wright — has traded hands for $6.16 million in Los Feliz. One of Southern California’s finest examples of neoMayan architecture, the singular, striking residence resembles a temple but has also drawn comparisons to a cave or the gaping...
Santa Monica Palm Springs La Cañada Flintridge Pasadena Altadena Sierra
Madre
Monrovia Glendora 310.275.1000626.683.0777
Photography © Shawn Bishop