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Q2 2017 MARKET REPORT deasypenner.com
YOUR GUIDE TO MARKET PERFORMANCE & ANALYSIS
la county :: market snapshot SINGLE FAMILY HOMES
CONDOMINIUM HOMES
Data*
Q2 2017
Q2 2016
% Change
Median Price
$620,000
$585,000
$466
Properties Sold Days on Market
Avg. Price / Sq. Ft.
Data*
Q2 2017
Q2 2016
% Change
5.98%
Median Price
$475,000
$439,900
7.98%
$428
8.97%
Avg. Price / Sq. Ft.
$441
$411
7.35%
13,934
13,749
1.35%
Properties Sold
5,092
4,980
2.25%
42
55
-23.64%
Days on Market
41
54
-24.07%
MEDIAN PRICE
MEDIAN PRICE
$620,000
$475,000
vs Q2 2016
+6%
$585,000
DAYS ON THE MARKET
+8%
$439,900
PROPERTIES SOLD
42
55
Q2 2017
Q2 2016
DAYS
vs Q2 2016
5,092
4,980
Q2 2017
Q2 2016
DAYS
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q2 2017
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EXPLORE YOUR NEIGHBORHOOD
los angeles area NEIGHBORHOOD FOCUS Q2 2017 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
MED. SALE PRICE
AVG. $ / SQ. FT.
Baldwin Hills
2
$1,025,000
$466
Beverly Hills
47
$5,620,000
$1,418
Beverly Hills PO
47
$3,440,000
$986
Beverlywood
60
$1,505,000
$764
Beverly Center - Miracle
63
$1,650,000
$787
Brentwood
74
$3,027,500
$1,046
Cheviot Hills - Rancho Park
36
$2,305,000
$835
Culver City
58
$1,122,500
$803
Downtown LA
30
$374,500
$358
Hancock Park - Wilshire
79
$1,500,000
$697
Hollywood
15
$922,000
$709
Hollywood Hills East
43
$1,335,000
$713
Ladera Heights
15
$1,050,000
$414
1
$400,000
$399
70
$1,647,500
$807
Mid - Los Angeles
114
$685,000
$466
Silver Lake - Echo Park
110
$935,000
$723
96
$1,466,000
$655
121
$1,920,000
$833
3
$915,000
$352
Westwood - Century City
54
$2,125,000
$862
West Hollywood
37
$1,582,200
$1,020
West LA
33
$1,168,000
$879
1,208
$1,714,555
$772
Leimert Park Los Feliz
Studio City Sunset Strip - HH West View Park
TOTAL/AVERAGE
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q2 2017
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The Market Report :: Q2 2017
West LA
West Hollywood
Westwood - Century City
View Park
Sunset Strip - HH West
Studio City
Silver Lake - Echo Park
Mid - Los Angeles
Los Feliz
Leimert Park
Ladera Heights
Hollywood Hills East
Hollywood
Hancock Park - Wilshire
Downtown LA
Culver City
Cheviot Hills - Rancho Park
Brentwood
Beverly Center - Miracle
Beverlywood
Beverly Hills PO
Beverly Hills
Baldwin Hills
los angeles area
MEDIAN PRICE
Q2 2017 — Q2 2016 SINGLE FAMILY HOMES
$6M
2016 2017
$4.5M
$3M
$1.5K
0
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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los angeles area NEIGHBORHOOD FOCUS Q2 2017 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
MED. SALE PRICE
AVG. $ / SQ. FT.
Baldwin Hills
1
$365,000
$405
Beverly Hills
35
$1,275,000
$806
Beverly Hills PO
NA
NA
NA
Beverlywood
11
$735,000
$553
Beverly Center - Miracle
26
$736,500
$599
Brentwood
57
$949,000
$658
1
$825,000
$575
46
$515,000
$526
135
$575,000
$660
Hancock Park - Wilshire
68
$627,500
$517
Hollywood
36
$632,500
$555
Hollywood Hills East
12
$570,000
$605
2
$433,500
$341
Leimert Park
NA
NA
NA
Los Feliz
10
$586,000
$609
6
$829,450
$335
Silver Lake - Echo Park
26
$635,000
$512
Studio City
58
$632,250
$448
Sunset Strip - HH West
41
$568,000
$614
View Park
NA
NA
NA
Westwood - Century City
161
$875,000
$657
West Hollywood
108
$712,500
$652
46
$790,500
$592
886
$693,385
$561
Cheviot Hills - Rancho Park Culver City Downtown LA
Ladera Heights
Mid - Los Angeles
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.
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The Market Report :: Q2 2017 West LA
West Hollywood
$1.3M
Westwood - Century City
View Park
Sunset Strip - HH West
Studio City
Silver Lake - Echo Park
Mid - Los Angeles
Los Feliz
Leimert Park
Ladera Heights
Hollywood Hills East
Hollywood
Hancock Park - Wilshire
Downtown LA
Culver City
Cheviot Hills - Rancho Park
Brentwood
Beverly Center - Miracle
Beverlywood
Beverly Hills PO
Beverly Hills
Baldwin Hills
los angeles area
MEDIAN PRICE
Q2 2017 CONDOMINIUM HOMES 2017
$975K
$650K
$325K
0
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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neighborhood spotlight
DOWNTOWN LOS ANGELES Once desolate, Downtown L.A. was recently hailed by
neighborhood at the moment for dining (Alma, Bottega
Take a Peek at the New Los Angeles State Historic Park
Louie, Orsa & Winston, Redbird), boozing (Perch, The
This week, we take a tour of the 32-acre
GQ as “America’s Next Great City.” There is no hotter
Varnish, Villain’s Tavern), and shopping (Acne Studio,
historic park directly adjacent to Chinatown, between the LA River and the Elysian Hills.
Rory Beca, Aesop) than DTLA. Then there’s the historic Art Deco theaters such as the Orpheum and The Theater at Ace Hotel, where you can take in world-class music, dance, and theater. Explore Grand Central Market, a landmark since 1917 that’s akin to San Francisco’s Ferry Building and home to Eggslut and Belcampo Meat Co., hit up MOCA’s latest, and take a walking tour with the Los Angeles Conservancy for an in-depth look at treasures such as the Bradbury Building, Angels Flight, and the Central Library. The hot real estate market
View more on our blog
HomeAsArt.com
includes loft-style apartments and condos, and Art Deco office building conversions with insanely good views.
The Market Report :: Q2 2017
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
BALDWIN HILLS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$1,025,000 $466 2 34
NA NA NA NA
NA NA NA NA
$365,000 $405 1 12
NA NA NA NA
NA NA NA NA
BEVERLY HILLS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$5,620,000 $1,418 47 64
$5,175,000 $1,308 35 70
8.60% 8.39% 34.29% -8.57%
$1,275,000 $806 35 68
$1,200,000 $676 33 82
6.25% 19.13% -6.06% -17.07%
SFR Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$3,440,000 $986 47 77
$2,390,000 $792 38 97
43.93% 24.46% 23.68% -20.62%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$1,505,000 $764 60 51
$1,200,000 $693 65 38
25.42% 10.26% -7.69% 34.21%
$735,000 $553 11 19
$735,000 $549 19 46
0.00% 0.73% -42.11% -58.70%
BEVERLY CENTER :: MIRACLE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2017
BEVERLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2017
BEVERLY HILLS PO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$1,650,000 $787 63 64
$1,600,000 $787 51 45
3.13% 0.00% 23.53% 42.22%
$736,500 $599 26 32
$740,000 $599 29 54
-0.47% 0.05% -10.34% -40.74%
“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 2017
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
BRENTWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$3,027,500 $1,046 74 56
$2,950,000 $1,024 73 57
2.63% 2.16% 1.37% -1.75%
$949,000 $658 57 40
$847,500 $618 65 57
11.98% 6.56% -12.31% -29.82%
CHEVIOT HILLS :: RANCHO PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$2,305,000 $835 36 50
$2,200,000 $776 21 45
4.77% 7.64% 71.43% 11.11%
$825,000 $575 1 10
NA NA NA NA
NA NA NA NA
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$1,122,500 $803 58 35
$1,200,000 $747 75 30
-6.46% 7.58% -22.67% 16.67%
$515,000 $526 46 22
$470,000 $468 69 30
9.57% 12.36% -33.33% -26.67%
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$374,500 $358 30 39
$339,500 $275 30 66
10.31% 29.87% 0.00% -40.91%
$575,000 $660 135 56
$602,500 $626 106 67
-4.56% 5.41% 27.36% -16.42%
HANCOCK PARK :: WILSHIRE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2016
DOWNTOWN LA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q2 2017
CULVER CITY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$1,500,000 $697 79 58
$1,550,000 $663 75 52
-3.23% 5.17% 5.33% 11.54%
$627,500 $517 68 44
$554,500 $505 66 64
13.17% 2.41% 3.03% -31.25%
“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.
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
HOLLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$922,000 $709 15 54
$805,000 $613 21 64
14.53% 15.69% -28.57% -15.63%
$632,500 $555 36 64
$669,000 $541 34 69
-5.46% 2.66% 5.88% -7.25%
HOLLYWOOD HILLS EAST Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$1,335,000 $713 43 57
$1,352,165 $682 45 61
-1.27% 4.44% -4.44% -6.56%
$570,000 $605 12 64
$609,000 $480 14 62
-6.40% 26.15% -14.29% 3.23%
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$1,050,000 $414 15 27
$800,000 $359 13 91
31.25% 15.28% 15.38% -70.33%
$433,500 $341 2 26
$475,000 $348 3 27
-8.74% -2.00% -33.33% -3.70%
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$400,000 $399 1 5
NA NA NA NA
NA NA NA NA
NA NA NA NA
NA NA NA NA
NA NA NA NA
LOS FELIZ Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2016
LEIMERT PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q2 2017
LADERA HEIGHTS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$1,647,500 $807 70 49
$1,448,500 $710 58 55
13.74% 13.62% 20.69% -10.91%
$586,000 $609 10 67
$528,500 $562 12 52
10.88% 8.36% -16.67% 28.85%
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
MID LOS ANGELES Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$685,000 $466 114 30
$595,000 $393 117 73
15.13% 18.56% -2.56% -58.90%
$829,450 $335 6 29
$397,000 $400 2 20
108.93% -16.35% 200.00% 45.00%
SILVER LAKE :: ECHO PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$935,000 $723 110 48
$944,500 $654 84 49
-1.01% 10.54% 30.95% -2.04%
$635,000 $512 26 49
$639,950 $504 16 49
-0.77% 1.53% 62.50% 0.00%
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$1,466,000 $655 96 47
$1,329,772 $605 94 51
10.24% 8.32% 2.13% -7.84%
$632,250 $448 58 67
$580,000 $425 51 59
9.01% 5.54% 13.73% 13.56%
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$1,920,000 $833 121 61
$1,834,000 $851 102 66
4.69% -2.11% 18.63% -7.58%
$568,000 $614 41 43
$540,000 $608 43 50
5.19% 0.89% -4.65% -14.00%
VIEW PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2016
SUNSET STRIP :: HH WEST Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q2 2017
STUDIO CITY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$915,000 $352 3 75
$865,000 $404 3 28
5.78% -12.74% 0.00% 167.86%
NA NA NA NA
NA NA NA NA
NA NA NA NA
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
WESTWOOD :: CENTURY CITY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$2,125,000 $862 54 41
$2,193,292 $881 54 43
-3.11% -2.19% 0.00% -4.65%
$875,000 $657 161 52
$849,500 $626 154 67
3.00% 4.95% 4.55% -22.39%
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$1,582,200 $1,020 37 43
$1,538,750 $975 32 40
2.82% 4.54% 15.63% 7.50%
$712,500 $652 108 48
$690,000 $660 107 54
3.26% -1.14% 0.93% -11.11%
WEST LA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2017
WEST HOLLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$1,168,000 $879 33 27
$1,082,000 $681 36 49
7.95% 29.22% -8.33% -44.90%
$790,500 $592 46 34
$777,000 $551 49 37
1.74% 7.49% -6.12% -8.11%
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q2 2017
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westside la area
NEIGHBORHOOD FOCUS Q2 2017 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Malibu Beach
12
$7,400,000
$2,493
Malibu
38
$2,509,600
$1,094
Marina Del Rey
21
$1,400,000
$865
Pacific Palisades
73
$3,150,000
$1,184
Palms - Mar Vista
91
$1,500,000
$831
Playa Vista
11
$1,990,000
$739
Santa Monica
69
$2,320,000
$1,180
Venice
50
$2,137,500
$1,300
365
$2,800,888
$1,211
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 2017
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westside la area
PROPERTIES SOLD Q2 2017
SINGLE FAMILY HOMES
91 73 50 Venice
Santa Monica
Pacific Palisades
Palms – Mar Vista
69 38
12
11 Playa Vista
Malibu Beach
Marina del Rey
Malibu
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 2017
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westside la area
NEIGHBORHOOD FOCUS Q2 2017 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
7
$1,059,000
$915
Malibu
14
$922,500
$660
Marina Del Rey
91
$875,000
$672
Pacific Palisades
25
$1,116,500
$628
Palms - Mar Vista
30
$649,975
$582
Playa Vista
36
$1,001,093
$657
111
$1,115,000
$922
11
$1,300,000
$911
325
$1,004,884
$743
Malibu Beach
Santa Monica 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 :: Q2 2017
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westside la area
PROPERTIES SOLD CHANGE Q2 2017 — Q2 2016
CONDOMINIUM HOMES 2016
2017
% Change
+4%
120
-1% 90
60
-11% 30
-3%
+20%
-7%
+10%
+17% 0
Malibu Beach
Malibu
Marina Del Rey
Pacific Palisades
Palms Mar Vista
Playa Vista
Santa Monica
Venice
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q2 2017
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neighborhood spotlight
VENICE Originally founded in 1905 as a seaside resort town, and later known as “Bohemia-by-the-Beach,” Venice
Loft Living In Venice’s Trendy Windward Circle
is eclectic, design-oriented, and artsy. It’s easily the
The loft-like living space of this home in Venice’s
Westside’s hottest neighborhood, with Abbot Kinney
Windward Circle features two-story ceilings and
Boulevard (named for the city’s founder) acting as its
elevated windows that welcome natural light
downtown. Try Gjelina’s fennel salami pizza, organic gelato at N’ice Cream, and the croque madame at The Tasting Kitchen and thank us later. Shop for modern
without sacrificing privacy. A modern aesthetic is achieved via concrete walls, contemporary railings and a cast iron fireplace that serves as a focal point.
jewelry at Alexis Bittar, find cult skincare products at Aesop, and witness the thriving art scene during the Venice Art Crawl. On the home front, you’ll find cozy bungalows and cottages alongside modern masterpieces from Brian Murphy, David Hertz, Glen Irani, Marmol Radziner, and Frank Gehry (and don’t miss the idyllic canals). Property values continue to increase thanks to the presence of tech companies like Google Inc., which moved into Gehry’s famed Binoculars Building back in 2011.
The Market Report :: Q2 2017
View more on our blog
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MARKET PERFORMANCE BY NEIGHBORHOOD :: WESTSIDE AREA
MALIBU BEACH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$7,400,000 $2,493 12 101
$8,050,000 $3,859 14 159
-8.07% -35.41% -14.29% -36.48%
$1,059,000 $915 7 139
$1,252,500 $1,468 6 159
-15.45% -37.66% 16.67% -12.58%
MALIBU Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$2,509,600 $1,094 38 113
$2,787,500 $924 48 100
-9.97% 18.33% -20.83% 13.00%
$922,500 $660 14 43
$1,100,000 $710 15 71
-16.14% -7.08% -6.67% -39.44%
SFR Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$1,400,000 $865 21 58
$1,115,000 $841 24 55
25.56% 2.87% -12.50% 5.45%
$875,000 $672 91 39
$865,000 $607 92 56
1.16% 10.68% -1.09% 36.00%
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$3,150,000 $1,184 73 35
$2,500,480 $998 72 62
25.98% 18.66% 1.39% -43.55%
$1,116,500 $628 25 25
$913,000 $571 28 52
22.29% 10.02% -10.71% -51.92%
PALMS :: MAR VISTA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2017
PACIFIC PALISADES Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2017
MARINA DEL REY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$1,500,000 $831 91 41
$1,293,875 $796 104 46
15.93% 4.38% -12.50% -10.87%
$649,975 $582 30 28
$635,000 $508 31 30
2.36% 14.62% -3.23% -6.67%
“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.
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MARKET PERFORMANCE BY NEIGHBORHOOD :: WESTSIDE AREA
PLAYA VISTA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$1,990,000 $739 11 52
$1,739,000 $671 4 57
175.00% 10.20% 175.00% -8.77%
$1,001,093 $657 36 47
$909,000 $648 30 37
10.13% 1.38% 20.00% 27.03%
SANTA MONICA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$2,320,000 $1,180 69 46
$2,185,000 $1,156 69 39
6.18% 2.07% 0.00% 17.95%
$1,115,000 $922 111 42
$1,085,000 $920 107 51
2.76% 0.13% 3.74% -17.65%
VENICE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$2,137,500 $1,300 50 50
$1,823,467 $1,261 54 67
17.22% 3.10% -7.41% -25.37%
$1,300,000 $911 11 42
$1,324,500 $916 10 60
-1.85% -0.59% 10.00% -30.00%
“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 2017
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pasadena + san gabriel valley area
NEIGHBORHOOD FOCUS Q2 2017 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
58
$672,500
$457
121
$1,150,000
$577
Altadena
99
$815,000
$492
Bradbury
4
$2,622,500
$591
62
$822,500
$595
122
$670,000
$377
Highland Park
75
$725,000
$608
La Crescenta / Glendale
86
$830,500
$554
La Cañada Flintridge
69
$1,840,000
$662
Monrovia
68
$705,500
$462
Mount Washington
38
$817,900
$649
Pasadena NE
109
$858,888
$516
Pasadena NW
59
$800,000
$543
Pasadena SE
60
$1,150,000
$635
Pasadena SW
42
$1,355,000
$638
Rosemead / South San Gabriel
47
$540,000
$423
San Gabriel
73
$750,000
$494
San Marino
31
$2,050,000
$849
Sierra Madre
30
$1,062,500
$552
South Pasadena
42
$1,305,000
$695
Sunland / Tujunga
123
$610,000
$417
TOTAL/AVERAGE
1,418
$1,054,895
$561
Alhambra Arcadia
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.
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pasadena + san gabriel valley area
AVERAGE DAYS ON MARKET
Q2 2017 SINGLE FAMILY HOMES
33
35
39
Sunland / Tujunga
37
42
40
San Marino
Mount Washington
Monrovia
La Cañada Flintridge
La Crescenta / Glendale
Highland Park
Glendora
Eagle Rock
Bradbury
Altadena
Arcadia
Alhambra
35
39
San Gabriel
38
South Pasadena
48
Rosemead / South San Gabriel
37
48
Pasadena SW
41
Pasadena SE
38
Pasadena NW
48
51
47
Pasadena NE
44 44
54
Sierra Madre
57
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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pasadena + san gabriel valley area
NEIGHBORHOOD FOCUS Q2 2017 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Alhambra
46
$525,000
$404
Arcadia
56
$621,000
$424
Altadena
3
$460,000
$378
Bradbury
NA
NA
NA
3
$575,000
$488
18
$442,500
$295
6
$445,000
$439
40
$487,500
$433
5
$889,000
$493
Monrovia
20
$458,500
$360
Mount Washington
NA
NA
NA
Pasadena NE
21
$509,214
$425
Pasadena NW
8
$580,000
$507
Pasadena SE
97
$555,000
$506
Pasadena SW
29
$783,500
$541
7
$452,000
$325
San Gabriel
14
$574,944
$382
San Marino
NA
NA
NA
5
$645,000
$445
South Pasadena
17
$853,000
$568
Sunland / Tujunga
15
$405,000
$335
TOTAL/AVERAGE
410
$603,598
$456
Eagle Rock Glendora Highland Park La Crescenta / Glendale La Cañada Flintridge
Rosemead / South San Gabriel
Sierra Madre
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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neighborhood spotlight
SOUTH PASADENA Located 10 miles from Downtown L.A., South Pasadena is just minutes from the hustle and bustle, but retains
A Restored Midcentury Abode Shines In SoCal
a small town feel with its mom and pop shops and
Built in 1963 by architect John Andre Gougeon,
primary city pastime of float-building for the nearby
this two-bedroom, three-bath property in
Tournament of Roses Parade that happens every New
Glendora, California, embodies the trajectory
Year’s day. Locals enjoy the popular Farmer’s Market in
of postwar architecture in the East San Gabriel Valley.
the historic Mission-West District, attending concerts at Garfield Park, dining at Crossings, shopping for eclectic finds at House of Honey, and hiking in the Arroyo Seco. Historical spots include the Fair Oaks Pharmacy and Soda Fountain and downtown’s Spanish Baroque and Egyptian-style Rialto Theater. Fun fact: The streets of South Pas are lined with native California trees and since there are virtually no palm trees or Spanish Colonial homes in parts of the city, the neighborhood often stands in for the Midwest or Northeast in film and TV.
The Market Report :: Q2 2017
View more on our blog
HomeAsArt.com
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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
ALHAMBRA
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$672,500 $457 58 44
$566,000 $441 74 61
18.82% 3.45% -21.62% -27.87%
$525,000 $404 46 38
$450,000 $377 41 51
16.67% 7.05% 12.20% -25.49%
ARCADIA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$1,150,000 $577 121 44
$1,130,000 $555 127 62
1.77% 3.81% -4.72% -29.03%
$621,000 $424 56 40
$644,000 $409 50 59
-3.57% 3.59% 12.00% -32.20%
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$815,000 $492 99 38
$720,000 $467 117 48
13.19% 5.15% -15.38% -20.83%
$460,000 $378 3 40
NA NA NA NA
NA NA NA NA
BRADBURY
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$2,622,500 $591 4 57
$1,085,000 $455 4 119
141.71% 30.11% 0.00% -52.10%
NA NA NA NA
NA NA NA NA
NA NA NA NA
EAGLE ROCK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2017
ALTADENA
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$822,500 $595 62 37
$755,000 $511 79 41
8.94% 16.51% -21.52% -9.76%
$575,000 $488 3 46
$468,000 $335 2 27
22.86% 45.77% 50.00% 70.37%
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
GLENDORA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$670,000 $377 122 48
$585,000 $354 137 52
14.53% 6.71% -10.95% -7.69%
$442,500 $295 18 43
$410,000 $286 35 70
7.93% 3.22% -48.57% -38.57%
HIGHLAND PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$725,000 $608 75 41
$647,500 $545 74 40
11.97% 11.72% 1.35% 2.50%
$445,000 $439 6 19
$425,000 $407 13 32
4.71% 7.91% -53.85% -40.63%
CONDO
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$830,500 $554 86 48
$775,000 $515 91 49
7.16% 7.48% -5.49% -2.04%
$487,500 $433 40 44
$430,000 $374 23 53
13.37% 15.77% 73.91% -16.98%
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$1,840,000 $662 69 48
$1,630,000 $641 73 45
12.88% 3.32% -5.48% 6.67%
$889,000 $493 5 31
$1,000,000 $488 4 20
-11.10% 0.98% 25.00% 55.00%
MONROVIA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q2 2017
LA CAÑADA FLINTRIDGE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2017
LA CRESCENTA :: GLENDALE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$705,500 $462 68 38
$635,000 $438 87 52
11.10% 5.51% -21.84% -26.92%
$458,500 $360 20 18
$450,750 $336 20 55
1.72% 7.14% 0.00% -67.27%
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
MOUNT WASHINGTON Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$817,900 $649 38 35
$740,000 $537 28 67
10.53% 20.73% 35.71% -47.76%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SFR Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$858,888 $516 109 37
$771,250 $479 110 52
11.36% 7.81% -0.91% -28.85%
$509,214 $425 21 41
$519,000 $408 23 51
-1.89% 4.11% -8.70% -19.61%
SFR Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$800,000 $543 59 54
$910,000 $535 41 56
-12.09% 1.54% 43.90% -3.57%
$580,000 $507 8 43
$630,000 $442 11 40
-7.94% 14.76% -27.27% 7.50%
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$1,150,000 $635 60 47
$1,100,000 $585 67 51
4.55% 8.67% -10.45% -7.84%
$555,000 $506 97 51
$515,000 $472 100 40
7.77% 7.24% -3.00% 27.50%
PASADENA SW Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2017
PASADENA SE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2017
PASADENA NW Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2017
PASADENA NE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$1,355,000 $638 42 39
$1,197,000 $615 28 53
13.20% 3.79% 50.00% -26.42%
$783,500 $541 29 53
$765,000 $542 37 59
2.42% -0.22% -21.62% -10.17%
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
ROSEMEAD :: S. SAN GABRIEL Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$540,000 $423 47 40
$535,000 $418 38 60
0.93% 1.24% 23.68% -33.33%
$452,000 $325 7 19
$407,000 $294 10 65
11.06% 10.57% -30.00% -70.77%
SFR Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$750,000 $494 73 35
$685,000 $458 70 72
9.49% 7.82% 4.29% -51.39%
$574,944 $382 14 16
$515,000 $356 24 58
11.64% 7.51% -41.67% -72.41%
SFR Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$2,050,000 $849 31 42
$2,522,000 $913 46 63
-18.72% -6.97% -32.61% -33.33%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$1,062,500 $552 30 51
$903,000 $543 34 49
17.66% 1.65% -11.76% 4.08%
$645,000 $445 5 24
$650,500 $512 3 39
-0.85% -12.98% 66.67% -38.46%
S. PASADENA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2017
SIERRA MADRE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2017
SAN MARINO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2017
SAN GABRIEL Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$1,305,000 $695 42 33
$1,400,000 $643 35 48
-6.79% 8.09% 20.00% -31.25%
$853,000 $568 17 50
$662,050 $483 20 44
28.84% 17.42% -15.00% 13.64%
“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.
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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
SUNLAND :: TUJUNGA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$610,000 $417 123 39
$540,000 $384 113 52
12.96% 8.80% 8.85% -25.00%
$405,000 $335 15 35
$390,000 $319 23 42
3.85% 4.93% -34.78% -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 :: Q2 2017
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coachella valley area
NEIGHBORHOOD FOCUS Q2 2017
SINGLE FAMILY HOMES
NEIGHBORHOOD
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Cathedral City North
126
$285,500
$170
Cathedral City South
50
$347,900
$204
Indian Wells
89
$750,000
$282
La Quinta No of HWY 111
51
$365,000
$178
La Quinta S.Of H
326
$510,000
$243
Palm Desert East
93
$393,000
$201
Palm Desert North
77
$398,000
$194
Palm Desert South
63
$510,000
$285
Palm Springs Central
92
$750,276
$382
Palm Springs North End
129
$415,000
$264
Palm Springs South End
116
$695,000
$339
Rancho Mirage
176
$587,000
$238
1,388
$500,556
$248
TOTAL/AVERAGE
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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coachella valley area
MEDIAN PRICE
Q2 2017 — Q2 2016 SINGLE FAMILY HOMES 2016
2017
$800K
$600K
$400K
Rancho Mirage
Palm Springs South End
Palm Springs North End
Palm Springs Central
Palm Desert South
Palm Desert North
Palm Desert East
La Quinta S.Of H
La Quinta No of HWY 111
Indian Wells
Cathedral City South
Cathedral City North
$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 :: Q2 2017
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coachella valley area
NEIGHBORHOOD FOCUS Q2 2017
CONDOMINIUM HOMES
NEIGHBORHOOD
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Cathedral City North
24
$125,000
$119
Cathedral City South
46
$166,750
$129
Indian Wells
39
$365,000
$189
La Quinta No of HWY 111
11
$180,000
$195
La Quinta S.Of H
92
$381,500
$193
Palm Desert East
149
$250,000
$172
Palm Desert North
89
$277,000
$169
Palm Desert South
82
$267,450
$200
Palm Springs Central
95
$240,000
$216
Palm Springs North End
48
$119,500
$173
Palm Springs South End
206
$237,525
$186
Rancho Mirage
123
$269,999
$161
1,004
$239,977
$175
TOTAL/AVERAGE
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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neighborhood spotlight
PALM SPRINGS Home to one of the largest concentrations of midcentury modern architecture in the U.S., Palm Springs
A Modern Marvel In Palm Desert
is a haven for design buffs, heat seekers, and the LGBT
The Fritz Residence, built of concrete blocks,
community. From stylish boutique hotels and high-end
hand-stacked stone walls and floor-to-ceiling
vintage shopping to the annual Modernism Week, the
windows, was designed to evoke a sense of
desert city is practically a living museum of twentieth century architecture. You’ll find homes by Richard Neutra, William F. Cody, Albert Frey, A. Quincy Jones,
both division and openness. Separate master and guest wings are connected by a communal space that includes open-plan living and dining rooms and a kitchen.
Donald Wexler, and Paul R. Williams, among others that celebrate a more glamorous era. Score colorful frocks at Trina Turk (the L.A. designer lives here part-time), channel the Rat Pack at Melvyn’s, and view some hidden gems with Palm Springs Modern Architecture Tours. If you’re not afraid of heights, take the Aerial Tramway 8,500-feet up the sheer cliffs of Chino Canyon for stunning views (its Valley Station was designed by Frey). View more on our blog
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MARKET PERFORMANCE BY NEIGHBORHOOD :: COACHELLA VALLEY AREA
CATHEDRAL CITY NORTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$285,500 $170 126 79
$269,000 $154 113 107
6.13% 10.40% 11.50% -26.17%
$125,000 $119 24 92
$135,000 $119 27 111
-7.41% 0.00% -11.11% -17.12%
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$347,900 $204 50 64
$275,000 $188 26 86
26.51% 8.64% 92.31% -25.58%
$166,750 $129 46 102
$145,000 $117 27 129
15.00% 9.81% 70.37% -20.93%
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$750,000 $282 89 150
$783,500 $265 67 131
-4.28% 6.35% 32.84% 14.50%
$365,000 $189 39 142
$388,000 $197 23 143
-5.93% -3.64% 69.57% -0.70%
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$365,000 $178 51 64
$350,000 $174 57 104
4.29% 2.37% -10.53% -38.46%
$180,000 $195 11 82
$170,000 $180 5 133
5.88% 7.90% 120.00% -38.35%
LA QUINTA S. OF H Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2016
LA QUINTA NO OF HWY 111 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q2 2017
INDIAN WELLS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2017
CATHEDRAL CITY SOUTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$510,000 $243 326 110
$482,000 $227 297 131
5.81% 6.77% 9.76% -16.03%
$381,500 $193 92 131
$325,000 $188 61 134
17.38% 2.51% 50.82% -2.24%
“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.
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MARKET PERFORMANCE BY NEIGHBORHOOD :: COACHELLA VALLEY AREA
PALM DESERT EAST Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$393,000 $201 93 97
$379,500 $188 104 129
3.56% 6.74% -10.58% -24.81%
$250,000 $172 149 100
$239,750 $167 110 137
4.28% 2.87% 35.45% -27.01%
PALM DESERT NORTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$398,000 $194 77 91
$410,000 $190 75 123
-2.93% 1.98% 2.67% -26.02%
$277,000 $169 89 137
$262,000 $171 82 127
5.73% -1.38% 8.54% 7.87%
SFR Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$510,000 $285 63 98
$514,000 $287 71 119
-0.78% -0.87% -11.27% -17.65%
$267,450 $200 82 128
$280,000 $187 81 113
-4.48% 7.07% 1.23% 13.27%
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$750,276 $382 92 96
$675,000 $363 75 115
11.15% 5.32% 22.67% -16.52%
$240,000 $216 95 84
$195,000 $208 103 100
23.08% 3.97% -7.77% -16.00%
PALM SPRINGS NORTH END Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2017
PALM SPRINGS CENTRAL Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2017
PALM DESERT SOUTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$415,000 $264 129 72
$395,000 $242 97 97
5.06% 8.87% 32.99% -25.77%
$119,500 $173 48 73
$123,800 $162 60 94
-3.47% 6.70% -20.00% -22.34%
“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 2017
deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: COACHELLA VALLEY AREA
PALM SPRINGS SOUTH END Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$695,000 $339 116 85
$671,000 $329 117 88
3.58% 2.80% -0.85% -3.41%
$237,525 $186 206 69
$255,000 $189 176 87
-6.85% -1.17% 17.05% -20.69%
RANCHO MIRAGE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q2 2017
Q2 2016
% CHANGE
Q2 2017
Q2 2016
% CHANGE
$587,000 $238 176 118
$597,500 $237 134 143
-1.76% 0.33% 31.34% -17.48%
$269,999 $161 123 102
$300,000 $163 104 120
-10.00% -1.02% 18.27% -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 :: Q2 2017
deasypenner.com
WHAT’S NEW ON HOMEASART.COM
Take a Peek at the Neutra VDL Studio and Residences Today, we take a peek at the VDL Research house built by VienneseAmerican architect Richard Neutra and his son Dion Neutra. Located on Silverlake Boulevard, across from the Silver Lake Reservoir and Meadow, the house was Neutra’s family home and studio for nearly three decades.
We share our passion for design on our blog
HomeAsArt.com Photography by Justin Juarez
The Market Report :: Q2 2017
Photography by Justin Juarez
deasypenner.com
Tour Through the New Los Angeles State Historic Park
The Art & Design of the CalEdison Building
This week, we take a tour of the 32-
Completed in 1931 by Allison &
acre historic park directly adjacent
Allison, the Edison Building was one
to Chinatown, between the LA River
of the first all-electrically heated and
and the Elysian Hills. A $20 million
cooled buildings constructed in the
renovation paved the way for new
western United States. Located on
paths, wetlands, and a pedestrian
the corner of 5th Street and Grand
walkway.
Avenue in Downtown LA’s Financial District, the fourteen-story, steelframed building follows a classically inspired Art Deco design.
Photography by Justin Juarez
The Market Report :: Q2 2017
Photography by Justin Juarez
deasypenner.com
CONTACT US
we know design
deasy/penner&partners is available to assist you with all your residential real estate needs. Should you be thinking about selling a property - or should you be in the market for a home or condominium, please contact us. Pasadena | Hancock Park | Silver Lake | Venice | Santa Monica | Palm Springs 310.275.1000 626.683.0777 info@deasypenner.com
deasy/penner home as art.ÂŽ