deasy/penner&partners
MARKET REPORT Q2 :: 2015
TABLE OF CONTENTS 4
YOUR GUIDE TO MARKET PERFORMANCE & ANALYSIS
8
EXPLORE YOUR NEIGHBORHOOD
9
LOS ANGELES AREA
17 WESTSIDE LA AREA 22 PASADENA + SAN GABRIEL VALLEY AREA 30 CONTACT US
YOUR GUIDE TO MARKET PERFORMANCE & ANALYSIS
la county
MARKET SNAPSHOT
SINGLE FAMILY HOMES
DATA*
Q2 2015
Q2 2014
% CHANGE
Median Price
$540,000
$507,000
6.51%
$404
$378
6.91%
13,502
12,821
5.31%
56
56
0.00%
Average Price per Sq. Ft. Properties Sold Days on Market
Q2 2015
$540K
7% percent increase 2014-2015
total median price
Q2 2015
$404 total average price per sq.ft.
56 DAYS
total average days on market
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q2 2015
deasypenner.com
6
la county
MARKET SNAPSHOT
CONDOMINIUM HOMES
DATA*
Q2 2015
Q2 2014
% CHANGE
Median Price
$419,950
$389,700
7.76%
Average Price per Sq. Ft.
$391
$369
5.96%
Properties Sold
4,848
4,394
10.33%
59
57
3.51%
Days on Market
Q2 2015
$420K
8% percent increase 2014-2015
total median price
Q2 2015
$391 total average price per sq.ft.
59 DAYS
total average days on market
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q2 2015
deasypenner.com
7
EXPLORE YOUR NEIGHBORHOOD
los angeles area
NEIGHBORHOOD FOCUS Q2 2015 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
AVG. SALE PRICE
AVG. $ / SQ. FT.
Beverly Hills
60
$5,250,000
$1,271
Beverly Hills PO
40
$2,785,000
$831
Beverlywood
54
$979,500
$637
Beverly Center - Miracle
59
$1,475,000
$661
Brentwood
70
$2,832,500
$933
Cheviot Hills - Rancho Park
24
$1,702,000
$752
Culver City
52
$1,005,000
$670
Downtown LA
21
$305,000
$283
Hancock Park - Wilshire
83
$1,268,000
$619
Hollywood
23
$825,000
$585
Hollywood Hills East
41
$1,300,000
$609
Los Feliz
59
$1,250,100
$655
Mid - Los Angeles
97
$525,000
$372
Silver Lake - Echo Park
75
$800,000
$608
Studio City
97
$1,200,000
$575
123
$1,750,000
$814
Westwood - Century City
40
$1,685,000
$785
West Hollywood
34
$1,590,500
$864
West LA
30
$940,387
$684
1,082
$1,637,110
$734
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 :: Q2 2015
deasypenner.com
9
los angeles area
MEDIAN PRICE CHANGE 16%
2%
3%
16%
23%
-2%
-21%
18%
4%
10%
-3%
0%
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
5%
27%
7%
West LA
8%
West Hollywood
29%
Westwood - Century City
35%
Beverly Hills
Q2 2015 — Q2 2014 SINGLE FAMILY HOMES
+
–
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q2 2015
deasypenner.com
10
los angeles area
NEIGHBORHOOD FOCUS Q2 2015 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
AVG. SALE PRICE
AVG. $ / SQ. FT.
Beverly Hills
35
$1,065,000
$638
Beverly Hills PO
NA
NA
NA
Beverlywood
12
$590,000
$516
Beverly Center - Miracle
23
$635,000
$508
Brentwood
64
$792,000
$557
Cheviot Hills - Rancho Park
NA
NA
NA
Culver City
84
$447,500
$432
131
$601,000
$576
Hancock Park - Wilshire
53
$545,000
$444
Hollywood
27
$609,000
$539
Hollywood Hills East
14
$507,274
$395
Los Feliz
6
$559,950
$526
Mid - Los Angeles
4
$314,500
$307
Silver Lake - Echo Park
18
$649,950
$476
Studio City
52
$567,500
$414
Sunset Strip - HH West
26
$491,944
$494
Westwood - Century City
172
$765,000
$584
West Hollywood
119
$626,000
$606
62
$690,000
$503
902
$615,095
$501
Downtown LA
West LA TOTAL/AVERAGE
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q2 2015
deasypenner.com
11
los angeles area
NA
-10%
-1%
20%
NA
12%
9%
8%
6%
25%
10%
31%
38%
3%
1%
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%
6%
West LA
9%
Beverly Hills PO
CONDOMINIUM HOMES
Beverly Hills
West Hollywood
Q2 2015 — Q2 2014
Westwood - Century City
MEDIAN PRICE CHANGE
+
–
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q2 2015
deasypenner.com
!2
MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
BEVERLY HILLS Q2 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$5,250,000 $1,271 60 70
SFR Q2 2014 $3,875,000 $1,132 51 75
BEVERLY HILLS PO Q2 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$2,785,000 $831 40 100
Q2 2014 $2,152,500 $747 44 101
Q2 2014
% CHANGE
35.48% 12.21% 17.65% -6.67%
$980,000 $614 37 67
8.67% 3.80% -5.41% 16.42%
CONDO
% CHANGE
Q2 2015
Q2 2014
% CHANGE
29.38% 11.29% -9.09% -0.99%
NA NA NA NA
NA NA NA NA
NA NA NA NA
CONDO
Q2 2015
Q2 2014
% CHANGE
Q2 2015
Q2 2014
% CHANGE
$979,500 $637 54 40
$910,000 $582 55 59
7.64% 9.50% -1.82% -32.20%
$590,000 $516 12 50
$655,000 $481 18 63
-9.92% 7.18% -33.33% -20.63%
SFR
CONDO
Q2 2015
Q2 2014
% CHANGE
Q2 2015
Q2 2014
% CHANGE
$1,475,000 $661 59 41
$1,272,500 $670 50 47
15.91% -1.41% 18.00% -12.77%
$635,000 $508 23 50
$640,250 $503 30 53
-0.82% 1.01% -23.33% -5.66%
BRENTWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2015 $1,065,000 $638 35 78
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
Q2 2015
Q2 2014
% CHANGE
Q2 2015
Q2 2014
% CHANGE
$2,832,500 $933 70 54
$2,775,000 $917 69 73
2.07% 1.73% 1.45% -26.03%
$792,000 $557 64 62
$658,500 $514 60 47
20.27% 8.27% 6.67% 31.91%
“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 :: Q2 2015
deasypenner.com
13
MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
CHEVIOT HILLS :: RANCHO PARK Q2 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,702,000 $752 24 45
Q2 2014 $1,660,000 $726 27 27
CULVER CITY $1,005,000 $670 52 35
Q2 2014 $862,500 $597 58 44
DOWNTOWN LA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2015
Q2 2014
% CHANGE
2.53% 3.52% -11.11% 66.67%
NA NA NA NA
NA NA NA NA
NA NA NA NA
CONDO
% CHANGE
Q2 2015
Q2 2014
% CHANGE
16.52% 12.16% -10.34% -20.45%
$447,500 $432 84 38
$398,500 $397 60 47
12.30% 8.82% 40.00% -19.15%
CONDO
Q2 2015
Q2 2014
% CHANGE
Q2 2015
Q2 2014
% CHANGE
$305,000 $283 21 34
$247,500 $201 30 45
23.23% 40.56% -30.00% -24.44%
$601,000 $576 131 64
$550,000 $531 139 62
9.27% 8.39% -5.76% 3.23%
SFR
CONDO
Q2 2015
Q2 2014
% CHANGE
Q2 2015
Q2 2014
% CHANGE
$1,268,000 $619 83 57
$1,290,000 $573 69 62
-1.71% 8.16% 20.29% -8.06%
$545,000 $444 53 51
$502,500 $432 49 73
8.46% 2.63% 8.16% -30.14%
HOLLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
SFR
HANCOCK PARK :: WILSHIRE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR Q2 2015
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q2 2015
Q2 2014
% CHANGE
Q2 2015
Q2 2014
% CHANGE
$825,000 $585 23 31
$1,040,000 $549 22 80
-20.67% 6.57% 4.55% -61.25%
$609,000 $539 27 64
$573,500 $510 52 71
6.19% 5.73% -48.08% -9.86%
“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 :: Q2 2015
deasypenner.com
13
MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
HOLLYWOOD HILLS EAST Q2 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,300,000 $609 41 65
Q2 2014 $1,103,325 $561 40 68
LOS FELIZ $1,250,000 $655 59 41
Q2 2014 $1,201,000 $626 71 41
MID LOS ANGELES Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2015
Q2 2014
% CHANGE
17.83% 8.50% 2.50% -4.41%
$507,274 $395 14 66
$405,000 $405 8 55
25.25% -2.48% 75.00% 20.00%
CONDO
% CHANGE
Q2 2015
Q2 2014
% CHANGE
4.09% 4.70% -16.90% -2.38%
$559,950 $526 6 42
$510,000 $459 9 34
9.79% 14.58% -33.33% 23.53%
CONDO
Q2 2015
Q2 2014
% CHANGE
Q2 2015
Q2 2014
% CHANGE
$525,000 $372 97 56
$475,000 $355 92 43
10.53% 4.93% 5.43% 30.23%
$314,500 $307 4 76
$240,000 $197 1 1
31.04% 55.99% 300.00% 7,500.00%
SFR
CONDO
Q2 2015
Q2 2014
% CHANGE
Q2 2015
Q2 2014
% CHANGE
$800,000 $608 75 48
$822,000 $550 92 35
-2.68% 10.46% -18.48% 37.14%
$649,950 $476 18 52
$470,000 $422 19 53
38.29% 12.75% -5.26% -1.89%
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 Q2 2015
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q2 2015
Q2 2014
% CHANGE
Q2 2015
Q2 2014
% CHANGE
$1,200,000 $575 97 54
$1,200,000 $562 105 55
0% 2.32% -7.62% -1.82%
$567,500 $414 52 55
$550,000 $375 42 63
3.18% 10.21% 23.81% -12.70%
“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 :: Q2 2015
deasypenner.com
14
MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
SUNSET STRIP :: HH WEST Q2 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,750,000 $814 123 70
Q2 2014 $1,699,000 $760 111 87
WESTWOOD :: CENTURY CITY Q2 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,685,000 $785 40 33
Q2 2014 $1,610,000 $750 45 40
WEST HOLLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
% CHANGE
Q2 2015
Q2 2014
% CHANGE
3.00% 6.99% 10.81% -19.54%
$491,944 $494 26 70
$485,000 $584 31 63
1.43% -15.36% -16.13% 11.11%
SFR
CONDO
% CHANGE
Q2 2015
Q2 2014
% CHANGE
4.66% 4.65% -11.11% -17.50%
$765,000 $584 172 71
$744,000 $588 142 78
2.82% -0.63% 21.13% -8.97%
SFR
CONDO
Q2 2015
Q2 2014
% CHANGE
Q2 2015
Q2 2014
% CHANGE
$1,590,500 $864 34 39
$1,253,260 $780 35 71
26.91% 10.82% -2.86% -45.07%
$626,000 $606 119 56
$619,000 $563 103 55
1.13% 7.63% 15.53% 1.82%
WEST LA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q2 2015
Q2 2014
% CHANGE
Q2 2015
Q2 2014
% CHANGE
$940,387 $684 30 48
$880,000 $621 35 43
6.86% 10.16% -14.29% 11.63%
$690,000 $503 62 43
$650,000 $475 49 49
6.15% 5.79% 26.53% -12.24%
“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 :: Q2 2015
deasypenner.com
15
westside la area
NEIGHBORHOOD FOCUS Q2 2015 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
AVG. SALE PRICE
PRICE / SQ. FT.
Malibu Beach
12
$5,175,000
$2,037
Malibu
51
$2,395,000
$961
Marina Del Rey
10
$1,312,500
$797
Pacific Palisades
98
$2,584,500
$1,040
100
$1,155,000
$761
4
$1,966,250
$509
Santa Monica
73
$2,200,000
$1,189
Venice
56
$1,957,500
$1,053
331
$2,757,625
$1,193
Palms - Mar Vista 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 :: Q2 2015
deasypenner.com
16
westside la area
MEDIAN PRICE CHANGE
Q2 2015 — Q2 2014 SINGLE FAMILY HOMES Malibu Beach
Palms - Mar Vista $5,175,000
9%
2015 2014
$1,155,000
18% $4,731,250
Malibu
2015 2014
Playa Vista $2,395,000
9%
2015 2014
$1,966,250
61% $2,200,000
Marina Del Rey
2015 2014
2015 2014
$2,200,000
20% $1,720,000
Pacific Palisades
2015 2014
2015 2014
$1,840,000
Venice $2,584,500
1%
$1,221,000
Santa Monica $1,312,500
-24%
$980,000
$1,957,500
22% $2,550,000
2015 2014
$1,600,000
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q2 2015
deasypenner.com
18
westside la area
NEIGHBORHOOD FOCUS Q2 2015 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
AVG. SALE PRICE
PRICE / SQ. FT.
9
$795,000
$976
Malibu
20
$749,500
$572
Marina Del Rey
83
$830,000
$627
Pacific Palisades
11
$1,025,000
$588
Palms - Mar Vista
36
$471,250
$456
Playa Vista
37
$765,000
$539
Santa Monica
NA
NA
NA
Venice
10
$1,312,500
$777
206
$849,750
$648
Malibu Beach
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 :: Q2 2015
deasypenner.com
19
MARKET PERFORMANCE BY NEIGHBORHOOD :: WESTSIDE AREA
MALIBU BEACH Q2 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$5,175,000 $2,037 12 163
SFR Q2 2014 $4,731,250 $1,586 9 179
MALIBU $2,395,000 $961 51 153
Q2 2014 $2,200,000 $791 48 141
MARINA DEL REY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2014
% CHANGE
9.38% 28.41% 33.33% -8.94%
$795,000 $976 9 122
$652,500 $821 6 136
21.84% 18.86% 50.00% -10.29%
CONDO
% CHANGE
Q2 2015
Q2 2014
% CHANGE
8.86% 21.49% 6.25% 8.51%
$749,500 $572 20 94
$1,005,000 $619 8 132
-25.42% -7.51% 150.00% -28.79%
CONDO
Q2 2015
Q2 2014
% CHANGE
Q2 2015
Q2 2014
% CHANGE
$1,312,500 $797 10 48
$1,720,000 $649 23 44
-23.69% 22.69% -56.52% 9.09%
$830,000 $627 83 81
$775,000 $552 93 75
7.10% 13.44% -10.75% 8.00%
SFR
CONDO
Q2 2015
Q2 2014
% CHANGE
Q2 2015
Q2 2014
% CHANGE
$2,584,500 $1,040 98 52
$2,550,000 $936 90 57
1.35% 11.17% 8.89% -8.77%
$1,025,000 $588 11 47
$825,000 $511 21 37
24.24% 15.18% -47.62% 27.03%
PALMS :: MAR VISTA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2015
SFR
PACIFIC PALISADES Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
SFR Q2 2015
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q2 2015
Q2 2014
% CHANGE
Q2 2015
Q2 2014
% CHANGE
$1,155,000 $761 100 41
$980,000 $697 89 42
17.86% 9.19% 12.36% -2.38%
$471,250 $456 36 65
$508,250 $423 30 53
-7.28% 7.79% 20.00% 22.64%
“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 :: Q2 2015
deasypenner.com
20
MARKET PERFORMANCE BY NEIGHBORHOOD :: WESTSIDE AREA
PLAYA VISTA
SFR Q2 2015
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,966,250 $509 4 59
Q2 2014 $1,221,000 $457 6 120
SANTA MONICA Q2 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$2,200,000 $1,189 73 39
% CHANGE
Q2 2015
Q2 2014
% CHANGE
61.04% 11.24% -33.33% -50.83%
$765,000 $539 37 41
$726,500 $472 30 40
5.30% 14.14% 23.33% 2.50%
SFR Q2 2014 $1,840,000 $999 65 47
VENICE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
CONDO
% CHANGE
Q2 2015
Q2 2014
% CHANGE
19.57% 19.06% -12.50% -17.02%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SFR
CONDO
Q2 2015
Q2 2014
% CHANGE
Q2 2015
Q2 2014
% CHANGE
$1,957,500 $1,053 56 53
$1,600,000 $1,016 64 58
22.34% 3.66% -12.50% -8.62%
$1,312,500 $777 10 137
$1,164,250 $828 14 58
12.73% -6.14% -28.57% 136.21%
“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 :: Q2 2015
deasypenner.com
21
pasadena + san gabriel valley area
NEIGHBORHOOD FOCUS Q2 2015 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
AVG. SALE PRICE
PRICE / SQ. FT.
61
$560,000
$409
Arcadia
133
$1,260,000
$583
Altadena
121
$645,000
$433
Bradbury
6
$2,000,500
$846
51
$741,000
$521
127
$525,000
$343
Highland Park
88
$580,000
$508
La Crescenta / Glendale
85
$745,000
$465
La Cañada Flintridge
86
$1,582,000
$640
Monrovia
75
$620,000
$429
Mount Washington
32
$745,000
$532
Pasadena NE
130
$710,000
$466
Pasadena NW
53
$585,000
$504
Pasadena SE
55
$1,070,000
$586
Pasadena SW
31
$1,185,000
$608
Rosemead / South San Gabriel
50
$514,000
$384
San Gabriel
63
$728,000
$444
San Marino
36
$2,500,000
$865
Sierra Madre
39
$938,000
$503
South Pasadena
33
$1,290,000
$593
Sunland / Tujunga
104
$485,500
$354
TOTAL/AVERAGE
1,420
$953,550
$526
Alhambra
Eagle Rock Glendora
“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 :: Q2 2015
deasypenner.com
22
pasadena + san gabriel valley area
PROPERTIES SOLD
Q2 2015 — Q2 2014 SINGLE FAMILY HOMES Q2 2014
Q2 2015
150
100
50
Sunland / Tujunga
South Pasadena
Sierra Madre
San Marino
San Gabriel
Rosemead / South San Gabriel
Pasadena SW
Pasadena SE
Pasadena NW
Pasadena NE
Mount Washington
Monrovia
La Cañada Flintridge
La Crescenta / Glendale
Highland Park
Glendora
Eagle Rock
Bradbury
Altadena
Arcadia
Alhambra
0
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q2 2015
deasypenner.com
23
pasadena + san gabriel valley area
NEIGHBORHOOD FOCUS Q2 2015 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
AVG. SALE PRICE
PRICE / SQ. FT.
Alhambra
50
$470,750
$350
Arcadia
46
$608,500
$410
Altadena
2
$295,000
$328
Bradbury
NA
NA
NA
Eagle Rock
NA
NA
NA
Glendora
25
$413,000
$271
4
$285,000
$329
15
$515,000
$353
1
$1,010,000
$523
Monrovia
35
$440,000
$330
Mount Washington
NA
NA
NA
Pasadena NE
24
$425,000
$382
Pasadena NW
11
$515,000
$367
Pasadena SE
100
$490,000
$434
Pasadena SW
44
$612,000
$466
8
$398,000
$271
San Gabriel
16
$479,900
$334
San Marino
NA
NA
NA
Sierra Madre
NA
NA
NA
9
$490,000
$436
Sunland / Tujunga
11
$345,000
$269
TOTAL/AVERAGE
401
$487,009
$366
Highland Park La Crescenta / Glendale La Cañada Flintridge
Rosemead / South San Gabriel
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 :: Q2 2015
deasypenner.com
24
MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
ALHAMBRA
SFR Q2 2015
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$560,000 $409 61 59
Q2 2014 $560,250 $424 62 52
ARCADIA $1,260,000 $583 133 72
Q2 2014 $1,300,000 $579 139 41
ALTADENA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2014
% CHANGE
-0.04% -3.60% -1.61% 13.46%
$470,750 $350 50 62
$435,000 $330 48 42
8.22% 5.97% 4.17% 47.62%
CONDO
% CHANGE
Q2 2015
Q2 2014
% CHANGE
-3.08% 0.65% -4.32% 75.61%
$608,500 $410 46 47
$588,000 $373 39 33
3.49% 10.12% 17.95% 42.42%
CONDO
Q2 2015
Q2 2014
% CHANGE
Q2 2015
Q2 2014
% CHANGE
$645,000 $433 121 52
$639,500 $405 108 44
0.86% 6.90% 12.04% 18.18%
$295,000 $328 2 23
$258,000 $360 2 44
14.34% -8.86% 0% -47.73%
SFR
CONDO
Q2 2015
Q2 2014
% CHANGE
Q2 2015
Q2 2014
% CHANGE
$2,000,500 $846 6 74
$1,615,000 $563 5 35
23.87% 50.33% 20.00% 111.43%
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
Q2 2015
SFR
BRADBURY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
SFR Q2 2015
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q2 2015
Q2 2014
% CHANGE
Q2 2015
Q2 2014
% CHANGE
$741,000 $521 51 44
$660,000 $451 60 46
12.27% 15.51% -15.00% -4.35%
NA NA NA NA
$370,000 $240 1 5
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 :: Q2 2015
deasypenner.com
25
MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
GLENDORA
SFR Q2 2015
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$525,000 $343 127 59
Q2 2014 $480,111 $331 107 62
HIIGHLAND PARK
CONDO
% CHANGE
Q2 2015
Q2 2014
% CHANGE
9.35% 3.67% 18.69% -4.84%
$413,000 $271 25 39
$405,000 $279 25 60
1.98% -2.96% 0.00% -35.00%
SFR
CONDO
% CHANGE
Q2 2015
Q2 2014
% CHANGE
$532,000 $437 87 42
9.02% 16.28% 1.15% -11.90%
$285,000 $329 4 44
$152,800 $172 2 14
86.52% 91.18% 100.00% 214.29%
LA CRESCENTA :: GLENDALE
SFR
Q2 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$580,000 $508 88 37
Q2 2014
Q2 2015
Q2 2014
% CHANGE
Q2 2015
Q2 2014
% CHANGE
$745,000 $465 85 49
$700,000 $447 98 49
6.43% 4.09% -13.27% 0.00%
$515,000 $353 15 35
$425,000 $329 16 59
21.18% 7.36% -6.25% -40.68%
LA CAÑADA FLINTRIDGE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
CONDO
Q2 2015
Q2 2014
% CHANGE
Q2 2015
Q2 2014
% CHANGE
$1,582,000 $640 86 36
$1,299,000 $549 67 44
21.79% 16.59% 28.36% -18.18%
$1,010,000 $523 1 28
$828,500 $470 2 34
21.91% 11.25% -50.00% -17.65%
MONROVIA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q2 2015
Q2 2014
% CHANGE
Q2 2015
Q2 2014
% CHANGE
$620,000 $429 75 59
$611,500 $408 81 44
1.39% 5.21% -7.41% 34.09%
$440,000 $330 35 60
$422,000 $328 12 40
4.27% 0.75% 191.67% 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 :: Q2 2015
deasypenner.com
26
MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
MOUNT WASHINGTON Q2 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$745,000 $532 32 56
SFR Q2 2014 $646,500 $538 40 45
PASADENA NE Q2 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$710,000 $466 130 46
Q2 2014 $660,000 $440 102 42
Q2 2014
% CHANGE
15.24% -1.07% -20.00% 24.44%
NA NA NA NA
NA NA NA NA
NA NA NA NA
CONDO
% CHANGE
Q2 2015
Q2 2014
% CHANGE
7.58% 5.90% 27.45% 9.52%
$425,000 $382 24 45
$372,000 $367 14 58
14.25% 3.88% 71.43% -22.41%
CONDO
Q2 2015
Q2 2014
% CHANGE
Q2 2015
Q2 2014
% CHANGE
$585,000 $504 53 56
$500,000 $465 49 54
17.00% 8.28% 8.16% 3.70%
$515,000 $367 11 53
$445,000 $380 12 65
15.73% -3.31% -8.33% -18.46%
SFR
CONDO
Q2 2015
Q2 2014
% CHANGE
Q2 2015
Q2 2014
% CHANGE
$1,070,000 $586 55 51
$1,294,444 $562 52 37
-17.34% 4.19% 5.77% 37.84%
$490,000 $434 100 55
$552,500 $440 94 49
-11.31% -1.29% 6.38% 12.24%
PASADENA SW Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2015
SFR
PASADENA SE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
SFR
PASADENA NW Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q2 2015
Q2 2014
% CHANGE
Q2 2015
Q2 2014
% CHANGE
$1,185,000 $608 31 49
$1,187,500 $535 32 41
-0.21% 13.67% -3.13% 19.51%
$612,000 $466 44 62
$690,000 $429 32 62
-11.30% 8.57% 37.50% 0.00%
“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 :: Q2 2015
deasypenner.com
27
MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
ROSEMEAD :: S. SAN GABRIEL Q2 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$514,000 $384 50 61
Q2 2014 $482,000 $365 41 66
SAN GABRIEL $728,000 $444 63 47
Q2 2014 $680,000 $448 64 45
SAN MARINO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q2 2015
Q2 2014
% CHANGE
6.64% 5.30% 21.95% -7.58%
$398,000 $271 8 80
$371,000 $291 7 30
7.28% -6.96% 14.29% 166.67%
CONDO
% CHANGE
Q2 2015
Q2 2014
% CHANGE
7.06% -0.69% -1.56% 4.44%
$479,900 $334 16 63
$361,100 $329 16 40
32.90% 1.76% 0.00% 57.50%
SFR
CONDO
Q2 2015
Q2 2014
% CHANGE
Q2 2015
Q2 2014
% CHANGE
$2,500,000 $865 36 48
$2,084,000 $852 36 25
19.96% 1.47% 0.00% 92.00%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SIERRA MADRE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
CONDO
Q2 2015
Q2 2014
% CHANGE
Q2 2015
Q2 2014
% CHANGE
$938,000 $503 39 62
$802,000 $445 27 53
16.96% 12.99% 44.44% 16.98%
NA NA NA NA
NA NA NA NA
NA NA NA NA
S. PASADENA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR Q2 2015
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q2 2015
Q2 2014
% CHANGE
Q2 2015
Q2 2014
% CHANGE
$1,290,000 $593 33 50
$1,181,750 $640 30 35
9.16% -7.27% 10.00% 42.86%
$490,000 $436 9 45
$521,252 $438 11 57
-6.00% -0.42% -18.18% -21.05%
“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 :: Q2 2015
deasypenner.com
28
MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
SUNLAND :: TUJUNGA Q2 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$485,500 $354 104 51
SFR Q2 2014 $459,000 $325 113 56
CONDO
% CHANGE
Q2 2015
Q2 2014
% CHANGE
5.77% 8.66% -7.96% -8.93%
$345,000 $269 11 51
$315,000 $264 16 51
9.52% 1.95% -31.25% 0.00%
“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 :: Q2 2015
deasypenner.com
29
CONTACT US
we know design
deasy/penner&partners is available to assist you with all your residential real estate needs. Should you be thinking about selling a property - or should you be in the market for a home or condominium, please contact us. Beverly Hills | Pasadena | Melrose :: Hancock Park | Venice Pod | Santa Monica Canyon 310.275.1000 626.683.0777 info@deasypenner.com
deasy/penner&partners