Q3 MARKET REPORT
Photography © Carothers
Your Guide to Los Angeles Market Performance & Analysis
In the third quarter of 2022, Los Angeles single-family homes and condos declined from the all-time highs reached in the second quarter in terms of median price and price per square foot, an unsurprising move affected by rising mortgage rates and normal seasonal trends. Although prices contracted quarter-over-quarter, they are still historically high. When compared to Q3 2021, single-family home price per square foot increased in most L.A. neighborhoods. Similarly, condo median price and price per square foot rose in nearly every neighborhood where condos sold during the quarter.
The number of single-family homes and condos sold declined 30% and 39% year-over-year, respectively, which is a result of low inventory (18% lower than last year) and softening demand. In the first half of 2022, rising mortgage rates and inflation did not negatively affect demand or prices, but with mortgage rates reaching a 15-year high in Q3 2022, buyers are getting priced out of the market.
Market Snapshot
Price
Los Angeles County |
Q3 2022 $660,000 $608 3,606 26 Q3 2022 $917,500 $667 10,060 25 Data* Median
Avg. Price / Sq. Ft. Properties Sold Days on Market Data* Median Price Avg. Price / Sq. Ft. Properties Sold Days on Market Q3 2021 $625,000 $564 5,393 24 Q3 2021 $900,000 $626 14,327 19 % Change 5.60% 7.81% -33.14% 8.33% % Change 1.94% 6.54% -29.78% 31.58% Condominium HomesSingle Family Homes Median Price Median Price vs Q3 2021 $900,000 $917,500 $660,000 1.94% Days On The Market Q3 2022 Q3 2022Q3 2021 Q3 2021 Properties Sold 3,606 5,393 25 DAYS 19 DAYS vs Q3 2021 $625,000 5.60% “Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
Explore Your Neighborhood Los Angeles Area
Single Family Homes Q3 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
TOTAL/AVERAGE
MED. SALE PRICE
$1,598,350 $5,400,000 $3,810,000 $1,935,000 $2,160,000 $3,757,000 $2,425,000 $1,587,500 $614,000 $2,017,566 $1,350,000 $1,495,000 $1,612,500 $1,108,000 $2,375,000 $1,100,000 $1,490,000 $2,100,000 $2,355,000 $1,350,000
NA
$2,578,150 $1,559,000 $1,990,307
AVG. $ / SQ. FT. $672 $1,680 $1,256 $969 $1,014 $1,444 $1,054 $1,070 $542 $870 $964 $892 $704 $731 $1,092 $728 $993 $915 $1,035 $638 NA $1,191 $1,093 $937
# OF SALES 2 31 28 25 27 40 21 62 26 58 19 21 8 3 48 81 86 79 65 2 NA 22 25 779
Condominium Homes Q3 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
TOTAL/AVERAGE
MED. SALE PRICE
$621,000 $1,700,000 NA $930,000 $880,000 $1,145,000 NA $680,000 $585,000 $908,000 $722,500 $749,500 $705,000 NA $865,000 $965,000 $900,000 $770,000 $878,500 NA $1,077,500 $1,020,000 $1,021,000 $901,211
AVG. $ / SQ. FT. $609 $923
$725 $839 $739
$663 $683 $620 $676 $611 $409
$844 $634 $806 $590
$784 $945
# OF SALES 1 21 NA 12 31 38 NA 62 109 31 28 12 1 NA 6 1 15 45 16 NA 128 104 37 698
NA
NA
NA
$810 NA
$731 $718
“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 Los Angeles Area
Median Price
Baldwin Hills
Beverly Center-Miracle Mile
Beverly Hills
Beverly Hills
Beverly Hills Post Office
Beverly Hills PO
Beverlywood
Brentwood
Cheviot Hills - Rancho Park
Beverlywood Vicinity Brentwood Cheviot Hills - Rancho Park
Culver City
Downtown LA
Hancock Park - Wilshire
Baldwin Hills Beverly Center - Miracle Mile Hollywood Ladera Heights
Culver City Downtown L.A. Hancock Park-Wilshire Hollywood
Hollywood Hills East Leimert Park
Hollywood Hills East Ladera Heights Leimert Park
Los Feliz Mid - Los Angeles
Silver Lake - Echo Park
Los Feliz Mid Los Angeles Silver Lake - Echo Park
Studio City Sunset Strip - Hollywood Hills West View Park
Sunset Strip - HH West View Park
West Hollywood
Studio City Westwood - Century City
West Hollywood Vicinity West L.A. Westwood - Century City $0 $1,750,000 $3,500,000 $5,250,000 $7,000,000
West LA
0
Q3 2022 — Q3 2021 Single Family Homes
$1.75M $3.5M $5.25M $7M
20212022
Beverly Center
Beverly Hills
Beverly Hills PO
Brentwood
Cheviot Hills - Rancho Park
Culver City
Downtown LA
Hancock Park - Wilshire
Baldwin Hills Beverlywood Hollywood
Hollywood Hills East Leimert Park
Ladera Heights
Los Feliz Mid - Los Angeles
Silver Lake - Echo Park
Studio City
Sunset Strip - HH West View Park
West Hollywood
West LA
Westwood - Century City
in
This
Median Price Q3 2022 — Q3 2021 Condominium Homes 0 $450K $900K $1.35M
“Source: The MLS/CARETS Note: Some neighborhoods or areas may generate small sample sizes which may skew data
any one reporting period.
may be due to low turnover or off-market, non-MLS sales. 20212022 $1.8M
Market Performance By Neighborhood
Angeles Area
Price
Price
Price
Price
Price
Price
Q3 2022 $1,598,350 $672 2 9 Q3 2022 $621,000 $609 1 39 Q3 2021 $1,220,000 $582 3 21 Q3 2021 NA NA NA NA % CHANGE 31.01% 15.36% -33.33% -57.14% % CHANGE NA NA NA NA SFR Median
Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median
Avg Price / Sq. Ft. Properties Sold Days on Market Baldwin Hills Q3 2022 $3,810,000 $1,256 28 45 Q3 2022 NA NA NA NA Q3 2021 $3,397,500 $1,064 52 43 Q3 2021 NA NA NA NA % CHANGE 12.14% 18.01% -46.15% 4.65% % CHANGE NA NA NA NA SFR Median
Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market Beverly Hills PO Q3 2022 $5,400,000 $1,680 31 50 Q3 2022 $1,700,000 $923 21 62 Q3 2021 $6,972,500 $1,612 56 53 Q3 2021 $1,350,000 $763 41 67 % CHANGE -22.55% 4.18% -44.64% -5.66% % CHANGE 25.93% 20.90% -48.78% -7.46% SFR Median
Avg
/ Sq. Ft. Properties Sold Days on Market CONDO Median
Avg Price / Sq. Ft. Properties Sold Days on Market Beverly Hills
Los
Beverlywood
SFR
Median Price
Price / Sq.
Sold
on Market
CONDO
Price
Price
Sold
on Market
Beverly Center | Miracle Mile
SFR
Median Price
Price / Sq.
Sold Days on Market
CONDO Median Price
Price
Sq.
Sold Days on Market
Brentwood
SFR
Median Price
Price
Sq.
Sold
on Market
Price
Price
Sold
on Market
CHANGE
CHANGE
Q3 2022 $1,935,000 $969 25 20 Q3 2022 $930,000 $725 12 16 Q3 2021 $1,635,000 $916 45 29 Q3 2021 $762,000 $669 24 40 %
18.35% 5.86% -44.44% -31.03% %
22.05% 8.25% -50.00% -60.00%
Avg
Ft. Properties
Days
Median
Avg
/ Sq. Ft. Properties
Days
Q3 2022 $3,757,000 $1,444 40 38 Q3 2022 $1,145,000 $739 38 20 Q3 2021 $3,600,000 $1,252 71 38 Q3 2021 $985,000 $729 77 31 % CHANGE 4.36% 15.32% -43.66% 0.00% % CHANGE 16.24% 1.35% -50.65% -35.48%
Avg
/
Ft. Properties
Days
CONDO Median
Avg
/ Sq. Ft. Properties
Days
Q3 2022 $2,160,000 $1,014 27 24 Q3 2022 $880,000 $839 31 22 Q3 2021 $2,189,000 $947 72 31 Q3 2021 $849,500 $725 46 35 % CHANGE -1.32% 7.11% -62.50% -22.58% % CHANGE 3.59% 15.72% -32.61% -37.14%
Avg
Ft. Properties
Avg
/
Ft. Properties
“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
Angeles Area
Cheviot Hills | Rancho Park
Culver City
Q3 2022 $2,425,000 $1,054 21 22 Q3 2022 NA NA NA NA Q3 2021 $2,121,000 $908 18 22 Q3 2021 NA NA NA NA % CHANGE 14.33% 16.12% 16.67% 0.00% % CHANGE NA NA NA NA SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q3 2022 $614,000 $542 26 34 Q3 2022 $585,000 $683 109 53 Q3 2021 $506,000 $488 34 51 Q3 2021 $590,000 $650 136 57 % CHANGE 21.34% 11.22% -23.53% -33.33% % CHANGE -0.85% 5.18% -19.85% -7.02% SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market Downtown Los Angeles Q3 2022 $1,587,500 $1,070 62 21 Q3 2022 $680,000 $663 62 22 Q3 2021 $1,630,000 $1,008 76 18 Q3 2021 $665,000 $614 79 24 % CHANGE -2.61% 6.11% -18.42% 16.67% % CHANGE 2.26% 7.90% -21.52% -8.33% 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
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
Q3 2022 $2,017,566 $870
$2,125,000
% CHANGE -5.06% 1.02% -28.40% -23.68%
Q3 2022 $908,000 $620
2022 $1,350,000 $964
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
2022 $722,500
$1,495,000
% CHANGE 26.11% 1.72% -24.39% 0.00%
% CHANGE -1.68% 25.57% -42.42% -29.79%
CHANGE 5.38% 4.49% -34.88%
% CHANGE -22.84%
-54.35% -40.63%
CHANGE
-7.69%
“Source: The
Some
may generate small sample
which may skew data in
This may be due to low turnover or off-market, non-MLS
reporting
58 29
31 29 Q3 2021
$862 81 38 Q3 2021 $720,000 $609 41 29
Q3 2022
$892 21 19 Q3 2022 $722,500 $676 12 30 Q3 2021 $1,937,547 $878 46 32 Q3 2021 $685,624 $647 13 19
1.51%
%
5.38% 4.49%
57.89%
Q3
19 33 Q3
$676 28 41 Q3 2021 $1,373,000 $768 33 47 Q3 2021 $685,624 $647 43 30
%
36.67%
MLS/CARETS Note:
neighborhoods or areas
sizes
any one
period.
sales.
Market Performance By Neighborhood Los Angeles Area
Ladera Heights
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days 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 Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CHANGE 0.47% 13.60% -27.27%
CHANGE -1.74% -13.08% -75.00% -42.86%
CHANGE 2.59%
CHANGE
Q3 2022 $1,612,500 $704 8 23 Q3 2022 $705,000 $409 1 16 Q3 2021 $1,605,000 $620 11 19 Q3 2021 $717,500 $470 4 28 %
21.05% %
Q3 2022 $2,375,000 $1,092 48 28 Q3 2022 $865,000 $844 6 28 Q3 2021 $2,300,000 $965 64 33 Q3 2021 $785,000 $696 15 32 %
3.26% 13.15% -25.00% -15.15% % CHANGE 10.19% 21.17% -60.00% -12.50%
Q3 2022 $1,108,000 $731 3 35 Q3 2022 NA NA NA NA Q3 2021 $1,080,000 $621 1 6 Q3 2021 NA NA NA NA %
17.71% 200.00% 483.33% % CHANGE NA NA NA NA
Mid Los Angeles
SFR
Median Price
Price / Sq. Ft.
Sold Days on Market
CONDO Median Price
Price / Sq.
Sold Days on Market
Silver Lake | Echo Park
SFR Median Price
Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price
Price / Sq.
Sold Days on Market
Studio City
SFR Median Price
Price / Sq. Ft.
Sold Days on Market
CONDO Median Price
Price
Sq.
Sold Days on Market
CHANGE
CHANGE
Q3 2022 $1,100,000 $728 81 23 Q3 2022 $965,000 $634 1 18 Q3 2021 $1,100,000 $731 87 31 Q3 2021 $543,750 $553 6 24 %
0.00% -0.44% -6.90% -25.81% %
77.47% 14.66% -83.33% -25.00%
Avg
Properties
Avg
Ft. Properties
Q3 2022 $2,100,000 $915 79 22 Q3 2022 $770,000 $590 45 28 Q3 2021 $2,092,500 $828 99 24 Q3 2021 $775,166 $567 56 25 % CHANGE 0.36% 10.51% -20.20% -8.33% % CHANGE ‘ -0.67% 3.99% -19.64% 12.00%
Avg
Properties
Avg
/
Ft. Properties
Q3 2022 $1,490,000 $993 86 29 Q3 2022 $900,000 $806 15 23 Q3 2021 $1,300,000 $818 129 30 Q3 2021 $850,000 $670 43 15 % CHANGE 14.62% 21.38% -33.33% -3.33% % CHANGE 5.88% 20.33% -65.12% 53.33%
Avg
Avg
Ft. Properties
“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
Angeles Area
Sunset Strip | HH West
Price
Price / Sq. Ft.
Sold
on Market
Price
Price / Sq. Ft.
Sold
on Market
View Park
Price
Price / Sq. Ft.
Sold Days on Market
Price
Price / Sq.
Sold
on Market
Westwood
Price
Price / Sq. Ft.
Sold Days on Market
Century City
Price
Price / Sq. Ft.
on Market
Q3 2022 $2,355,000 $1,035 65 37 Q3 2022 $878,500 $810 16 47 Q3 2021 $2,687,925 $1,081 140 47 Q3 2021 $675,000 $757 61 41 % CHANGE -12.39% -4.24% -53.57% -21.28% % CHANGE 30.15% 6.97% -73.77% 14.63% SFR Median
Avg
Properties
Days
CONDO Median
Avg
Properties
Days
Q3 2022 NA NA NA NA Q3 2022 $1,077,500 $784 128 38 Q3 2021 NA NA NA NA Q3 2021 $973,000 $764 190 47 % CHANGE NA NA NA NA % CHANGE 10.74% 2.60% -32.63% -19.15% SFR Median
Avg
Properties
CONDO Median
Avg
Properties Sold Days
|
Q3 2022 $1,350,000 $638 2 6 Q3 2022 NA NA NA NA Q3 2021 $1,364,700 $642 4 16 Q3 2021 NA NA NA NA % CHANGE -1.08% -0.62% -50.00% -62.50% % CHANGE NA NA NA NA SFR Median
Avg
Properties
CONDO Median
Avg
Ft. Properties
Days
Los
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
Q3 2022 $2,578,150 $1,191 22 38 Q3 2022 $1,020,000 $945 104 27
West Hollywood Q3 2022 $1,559,000 $1,093 25 26 Q3 2022 $1,021,000 $731 37 27
Q3 2021 $2,055,467 $990 60 47 Q3 2021 $819,000 $878 107 31
% CHANGE 25.43% 20.23% -63.33% -19.15%
% CHANGE 24.54% 7.63% -2.80% -12.90%
Q3 2021 $1,492,200 $926 45 21 Q3 2021 $877,500 $687 57 29
% CHANGE 4.48% 18.12% -44.44% 23.81%
% CHANGE 16.35% 6.36% -35.09% -6.90%
“Source: The MLS/CARETS Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
Explore Your Neighborhood Westside Area
The Westside L.A. housing market trended similarly to the whole of Los Angeles. The median price and average price per square foot in the Westside market declined from the second quarter all-time highs for both single-family homes and condos. Single-family home and condo price per square foot rose in nearly every neighborhood in Westside L.A. compared to Q3 2021. The average 30-year mortgage rate ticked up 1% in Q3 2022, negatively affecting affordability. Those who wanted to get ahead of the rate hikes seemed to do so in the first half of the year.
The number of single-family homes and condos sold declined 37% year-over-year, which isn’t surprising given the 30% decline in inventory and mortgage rates more than doubling compared to Q3 2021. Westside L.A. inventory declined in the third quarter, landing just above the record low reached in the first quarter of 2022. The historically low inventory should support prices despite rising mortgage rates.
Single Family Homes Q3 2022
NEIGHBORHOOD
Malibu Beach Malibu Marina Del Rey Pacific Palisades
Palms – Mar Vista Playa Vista Santa Monica Venice
TOTAL/AVERAGE
# OF SALES
Condominium Homes
Q3 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
$6,492,500 $3,512,000 $1,383,750 $4,382,000 $1,882,500 $2,350,000 $3,915,000 $2,225,000 $3,267,844
AVG. $ / SQ. FT. $3,963 $1,348 $1,020 $1,493 $1,146 $943 $1,491 $1,371 $1,597
MED. SALE PRICE
$1,175,000 $1,275,000 $1,213,750 $1,675,000 $865,000 $1,200,000 $1,249,000 $1,900,000 $1,319,094
AVG. $ / SQ. FT. $1,327 $805 $810 $922 $679 $841 $996 $919 $912
“Source:
Some neighborhoods
sample
which may skew data in
one reporting period. This may be due to low turnover or off-market, non-MLS sales.
3 9 77 30 29 31 107 9 295
12 34 18 54 56 5 61 55 295
The MLS/CARETS Note:
or areas may generate small
sizes
any
Properties Sold Q3 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 61 5 54 18 34 12 56 55
Properties Sold Q3 2022 Condominium Homes Santa Monica Marina Del Rey Malibu Malibu Beach Playa Vista Venice Palms | Mar Vista 107 77 9 3 31 9 29 Pacific Palisades 30 “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
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
$6,492,500
2021 $6,700,000 $2,797
% CHANGE -3.10% 41.67% -20.00% -54.29%
$900,000 $1,452
% CHANGE 30.56% -8.56% 0.00% -92.38%
$3,551,900 $1,388
CHANGE -1.12% -2.87% -41.38% 4.17%
CHANGE 46.97% -12.52% -55.00% 100.00%
CHANGE -23.13% -5.77% -41.94% 12.00%
CHANGE 8.71%
-34.75% -5.56%
Q3 2022
$3,963 12 48 Q3 2022 $1,175,000 $1,327 3 8 Q3
15 105 Q3 2021
3 105
Q3 2022 $1,383,750 $1,020 18 28 Q3 2022 $1,213,750 $810 77 34 Q3 2021 $1,800,000 $1,082 31 25 Q3 2021 $1,116,500 $765 118 36 %
%
5.81%
Q3 2022 $3,512,000 $1,348 34 75 Q3 2022 $1,275,000 $805 9 42 Q3 2021
58 72 Q3 2021 $867,500 $921 20 21 %
%
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
Q3 2022 $4,382,000 $1,493
$4,344,375 $1,284
% CHANGE 0.87% 16.30% -40.00% -18.60%
2022 $1,675,000 $922
$1,416,500
% CHANGE 18.25% 10.12% 25.00% 25.00%
$1,882,500 $1,146
$1,052
CHANGE -1.70% 8.92% -40.43% -12.50%
$865,000
CHANGE 8.26% 0.33% -17.14%
CHANGE -6.24% 12.52% -77.27% -56.25%
CHANGE
“Source:
-36.73% -3.57%
54 35 Q3
30 40 Q3 2021
90 43 Q3 2021
$837 24 32
Q3 2022 $2,350,000 $943 5 14 Q3 2022 $1,200,000 $841 31 27 Q3 2021 $2,506,500 $838 22 32 Q3 2021 $1,184,000 $791 49 28 %
%
1.35% 6.36%
Q3 2022
56 21 Q3 2022
$679 29 37 Q3 2021 $1,915,000
94 24 Q3 2021 $799,000 $677 35 18 %
%
105.56%
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
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q3 2022 $3,915,000 $1,491 61 29 Q3 2022 $1,249,000 $996 107 34
Q3 2021 $3,295,000 $1,441 101 35 Q3 2021 $1,210,000 $960 156 32
% CHANGE 18.82% 3.52% -39.60% -17.14%
% CHANGE 3.22% 3.75% -31.41% 6.25%
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
Santa Monica Q3 2022 $2,225,000 $1,371 55 40 Q3 2022 $1,900,000 $919 9 39
Q3 2021 $2,215,000 $1,273 75 41 Q3 2021 $1,462,500 $886 11 53
% CHANGE 0.45% 7.74% -26.67% -2.44%
% CHANGE 29.91% 3.74% -18.18% -26.42%
Explore Your Neighborhood
San Gabriel Valley
The San Gabriel Valley trended similarly to the rest of Southern California and the nation at large. In the third quarter of 2022, single-family home and condo prices declined from the all-time highs reached in the second quarter. Nearly every city in the San Gabriel Valley saw year-over-year increases in price per square foot. Just because prices have decreased doesn’t mean that they are low. Prices have increased 34% over the past eight quarters for single-family homes and 25% for condos.
The housing market in San Gabriel Valley is still in a state of undersupply. After a mild increase in homes for sale in the second quarter, inventory dipped again as fewer homes came to the market. As active listings decline, sales naturally decline with them. Due to the seasonal trends in the housing market, sales typically decline in the second half of the year. When we add typical seasonal trends with rising mortgage rates and historically low inventory, a sales decline is the most likely outcome.
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.
“Source: The MLS/CARETS
Explore Your Neighborhood San Gabriel Valley Area
Single Family Homes Q3 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
$968,000 $1,625,500 $1,305,000 $2,650,000 $940,000 $732,500 $1,310,825 $902,000 $1,125,000 $1,213,000 $2,494,500 $918,500 $964,000 $1,200,000 $1,262,500 $1,060,000 $1,375,000 $2,045,000 $812,500 $877,500 $1,005,000 $2,493,000 $1,601,750 $1,800,000 $849,000 $1,341,203
AVG. $ / SQ. FT.
# OF SALES 43 94 84 4 85 30 44 102 64 82 50 54 59 37 94 39 35 24 34 60 68 24 29 36 77 1,352
$700 $716 $795 $497 $523 $602 $850 $544 $852 $795 $930 $519 $701 $853 $785 $829 $868 $874 $643 $523 $716 $988 $791 $960 $633 $740
Condominium Homes Q3 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 NA $820,000
AVG. $ / SQ. FT.
$550,000 $485,000 NA $600,000 $485,000 $710,000 $1,247,500 $430,000 $757,500 NA $805,000 $822,500 $736,800 $918,000 $615,000 $609,000 $655,000
$878,500 $785,000 $635,000 $677,240
# OF SALES NA 43 NA NA 5 7 NA 13 9 12 4 12 12 NA 19 10 49 53 10 16 10 NA 6 13 9 312
NA NA
NA
NA $543 NA NA $477 $495 NA $436 $644 $558 $645 $490 $488 NA $578 $657 $649 $715 $528 $471 $524 NA $594 $688 $489 $533
“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.
Your Neighborhood
Gabriel
Median Price
Q3 2022 Single Family Homes Explore
San
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 700K 0 $1.4M $2.1M $2.8M
Median Price Q3 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 $325K 0 $650k $975K “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
Arcadia
SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Median Price Avg Price / Sq. Ft.
Sold Days on Market
CHANGE
CHANGE
% CHANGE 0.96%
CHANGE -0.24%
CHANGE
Q3 2022 $968,000 $700 43 19 Q3 2022 NA NA NA NA Q3 2021 $900,000 $644 56 16 Q3 2021 NA NA NA NA %
7.56% 8.71% -23.21% 18.75% %
NA NA NA NA
Q3 2022 $1,305,000 $795 84 21 Q3 2022 NA NA NA NA Q3 2021 $1,227,500 $728 108 23 Q3 2021 $689,000 $442 1 40 %
6.31% 9.21% -22.22% -8.70% % CHANGE NA NA NA NA
CONDO
Properties
Altadena Q3 2022 $1,625,500 $716 94 23 Q3 2022 $820,000 $543 43 22 Q3 2021 $1,610,000 $653 175 33 Q3 2021 $822,000 $508 69 27
9.64% -46.29% -30.30% %
6.91% -37.68% -18.52%
CONDO
Bradbury
Price
Price
Sq.
Sold
on Market
Price
Price / Sq.
Sold
on Market
SFR Median Price
Price / Sq.
Sold
on Market
Price
Price / Sq.
Sold
on Market
Price
Price
Market
Price
Price
Q3 2022 $2,650,000 $497 4 96 Q3 2022 NA NA NA NA Q3 2021 $2,037,500 $566 8 26 Q3 2021 NA NA NA NA % CHANGE 30.06% -12.09% -50.00% 269.23% % CHANGE NA NA NA NA SFR Median
Avg
/
Ft. Properties
Days
CONDO Median
Avg
Ft. Properties
Days
Q3 2022 $732,500 $602 30 18 Q3 2022 $485,000 $495 7 16 Q3 2021 $737,300 $502 45 17 Q3 2021 $434,000 $468 6 14 % CHANGE -0.65% 19.74% -33.33% 5.88% % CHANGE 11.75% 5.64% 16.67% 14.29% SFR Median
Avg
/ Sq. Ft. Properties Sold Days on
CONDO Median
Avg
/ Sq. Ft. Properties Sold Days on Market Duarte Q3 2022 $940,000 $523 85 23 Q3 2022 $550,000 $477 5 17 Q3 2021 $903,000 $470 100 15 Q3 2021 $481,500 $376 27 15 % CHANGE 4.10% 11.41% -15.00% 53.33% % CHANGE 14.23% 26.95% -81.48% -13.33%
Avg
Ft. Properties
Days
CONDO Median
Avg
Ft. Properties
Days
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
Glendora
Q3 2022 $1,310,825 $850 44 21 Q3 2022 NA NA NA NA Q3 2021 $1,225,000 $848 60 23 Q3 2021 NA NA NA NA % CHANGE 7.01% 0.32% -26.67% -8.70% % CHANGE NA NA NA NA SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q3 2022 $1,125,000 $852 64 27 Q3 2022 $485,000 $644 9 16 Q3 2021 $1,070,000 $836 79 18 Q3 2021 $507,500 $613 8 16 % CHANGE 5.14% 1.89% -18.99% 50.00% % CHANGE -4.43% 4.96% 12.50% 0.00% 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 Q3 2022 $902,000 $544 102 24 Q3 2022 $600,000 $436 13 24 Q3 2021 $800,000 $504 135 17 Q3 2021 $615,000 $399 18 7 % CHANGE 12.75% 8.12% -24.44% 41.18% % CHANGE -2.44% 9.08% -27.78% 242.86% SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
La Crescenta | Glendale | Montrose
SFR
Median Price
Price / Sq. Ft. Properties Sold Days on Market
CONDO
Price
Price / Sq.
Properties Sold Days on Market
La Cañada Flintridge
SFR Median Price
Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price
Price / Sq.
Properties Sold Days on Market
La Verne
SFR
Median Price
Price
Sq. Ft.
Sold Days on Market
CONDO Median Price
Price
Sq.
Sold Days on Market
% CHANGE
-26.79%
CHANGE 10.08% -0.85% -52.00%
CHANGE
-39.02%
CHANGE
CHANGE
“Source:
Q3 2022 $1,213,000 $795 82 22 Q3 2022 $710,000 $558 12 26 Q3 2021 $1,150,000 $772 112 18 Q3 2021 $645,000 $563 25 24
5.48% 2.97%
22.22% %
8.33%
Avg
Median
Avg
Ft.
Q3 2022 $918,500 $519 54 21 Q3 2022 $430,000 $490 12 28 Q3 2021 $852,500 $475 80 19 Q3 2021 $447,500 $460 6 6 %
7.74% 9.23% -23.27% 10.53% % CHANGE -3.91% 6.52% 100.00% 366.67%
Avg
/
Properties
Avg
/
Ft. Properties
Q3 2022 $2,494,500 $930 50 29 Q3 2022 $1,247,500 $645 4 25 Q3 2021 $1,992,500 $834 82 24 Q3 2021 $1,095,100 $600 7 30 %
25.19% 11.54%
20.83% %
13.92% 7.53% -42.86% -16.67%
Avg
Avg
Ft.
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
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
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
CHANGE
CHANGE 19.29%
-36.84% -20.83%
Q3 2022 $964,000 $701 59 24 Q3 2022 $757,500 $488 12 19 Q3 2021 $916,000 $633 82 20 Q3 2021 $635,000 $480 19 24 %
5.24% 10.75% -28.05% 20.00% %
1.63%
Q3 2022 $1,262,500 $785 94 20 Q3 2022 $805,000 $578 19 31 Q3 2021 $1,235,000 $770 99 21 Q3 2021 $675,000 $553 19 22 % CHANGE 2.23% 1.93% -5.05% -4.76% % CHANGE 19.26% 4.65% 0.00% 40.91%
Q3 2022 $1,200,000 $853 37 19 Q3 2022 NA NA NA NA Q3 2021 $1,150,000 $782 49 26 Q3 2021 $310,000 $695 2 45 % CHANGE 4.35% 9.12% -24.49% -26.92% % CHANGE NA NA NA SFR
SFR
Median Price
Price
on
CONDO
Sold
SFR
Price
Price
Price
on
CONDO
Sold
SFR
Price
Price
on
Sold
Price
Price
CONDO Median Price
Q3 2022 $1,060,000 $829 39 32 Q3 2022 $822,500 $657 10 18 Q3 2021 $1,060,125 $742 54 28 Q3 2021 $815,000 $540 13 26 % CHANGE -0.01% 11.78% -27.78% 14.29% % CHANGE 0.92% 21.73% -23.08% -30.77%
Avg
/ Sq. Ft. Properties
Days
Market
Median
Avg Price / Sq. Ft. Properties Sold Days on Market Pasadena NW Q3 2022 $2,045,000 $874 24 27 Q3 2022 $918,000 $715 53 31 Q3 2021 $2,181,000 $874 37 21 Q3 2021 $1,130,000 $651 49 39 % CHANGE -6.24% 0.03% -35.14% 28.57% % CHANGE -18.76% 9.74% 8.16% -20.51%
Median
Avg
/ Sq. Ft. Properties Sold Days on Market
Avg Price / Sq. Ft. Properties Sold Days on Market Pasadena SW Q3 2022 $1,375,000 $868 35 23 Q3 2022 $736,800 $649 49 28 Q3 2021 $1,550,000 $804 51 30 Q3 2021 $725,600 $592 101 37 % CHANGE -11.29% 7.93% -31.37% -23.33% % CHANGE 1.54% 9.68% -51.49% -24.32%
Median
Avg
/ Sq. Ft. Properties
Days
Market
Median
Avg
/ Sq. Ft. Properties
Days
Market Pasadena SE “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
Rosemead/S. San Gabriel
SFR
Price
Price
San Dimas
SFR
Price
Price
Q3 2022 $812,500 $643 34 21 Q3 2022 $615,000 $528 10 27 Q3 2021 $777,500 $565 42 19 Q3 2021 $586,500 $427 10 16 % CHANGE 4.50% 13.86% -19.05% 10.53% % CHANGE 4.86% 23.80% 0.00% 68.75%
Median
Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median
Avg Price / Sq. Ft. Properties Sold Days on Market
Q3 2022 $1,005,000 $716 68 22 Q3 2022 $655,000 $524 10 17 Q3 2021 $1,150,000 $633 79 21 Q3 2021 $715,000 $484 27 21 % CHANGE -12.61% 13.16% -13.92% 4.76% % CHANGE -8.39% 8.36% -62.96% -19.05% SFR Median Price Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market San Gabriel Q3 2022 $877,500 $523 60 26 Q3 2022 $609,000 $471 16 13 Q3 2021 $870,000 $484 75 14 Q3 2021 $524,000 $439 23 9 % CHANGE 0.86% 8.03% -20.00% 85.71% % CHANGE 16.22% 7.35% -30.43% 44.44%
Median
Avg Price / Sq. Ft. Properties Sold Days on Market CONDO Median
Avg Price / Sq. Ft. Properties Sold Days on Market
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
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
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
% CHANGE -5.21% 3.96% -41.46% -23.81%
% CHANGE NA NA NA NA
% CHANGE 15.44%
-27.50% 34.78%
CHANGE
0.00%
CHANGE
-16.28%
CHANGE -13.55%
“Source:
Q3 2022 $2,493,000 $988 24 32 Q3 2022 NA NA NA NA Q3 2021 $2,630,000 $950 41 42 Q3 2021 NA NA NA NA
Q3 2022 $1,800,000 $960 36 24 Q3 2022 $785,000 $688 13 24 Q3 2021 $1,656,000 $933 43 21 Q3 2021 $908,000 $659 10 10 %
8.70% 2.89%
14.29% %
4.40% 30.00% 140.00%
Q3 2022 $1,601,750 $791 29 31 Q3 2022 $878,500 $594 6 25 Q3 2021 $1,387,500 $730 40 23 Q3 2021 $817,900 $562 6 14
8.35%
%
7.41% 5.76%
78.57%
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
Price
Price
on
Sold
Price
Price / Sq. Ft.
Sold
on Market
Q3 2022 $849,000 $633 77 24 Q3 2022 $635,000 $489 9 11 Q3 2021 $820,000 $592 121 20 Q3 2021 $620,000 $458 19 19 % CHANGE 3.54% 7.07% -36.36% 20.00% % CHANGE 2.42% 6.90% -52.63% -42.11% SFR Median
Avg
/ Sq. Ft. Properties
Days
Market CONDO Median
Avg
Properties
Days
Explore Your Neighborhood
Coachella Valley
Not even the housing market in the Coachella Valley was immune to the changing economic landscape. After eight quarters of significant price appreciation for single-family homes and condos, prices contracted from the second quarter peak price level. However, year-over-year price increases remain substantial. In every neighborhood, singlefamily homes and condos saw year-over-year increases in median price and average price per square foot.
Softening demand in the area is actually good for the highly sought-after market. The booming demand we experienced over the last eight quarters drove inventory down 39% and increased prices by 39% for single-family homes and 52% for condos. We may have moved into a new economic chapter without the all-time low mortgage rates we experienced in the third quarter of 2021, but the Coachella Valley remains one of the most desirable locations in Southern California.
“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.
Your Neighborhood Coachella Valley Area
Single Family Homes
NEIGHBORHOOD
Cathedral City North Cathedral City South Indian Wells
La Quinta No of HWY 111 La Quinta S.Of H Palm Desert East Palm Desert North Palm Desert South Palm Springs Central Palm Springs North End Palm Springs South End Rancho Mirage
MED. SALE PRICE $540,000 $668,000 $1,150,000 $653,000 $869,000 $642,500 $724,000 $1,150,000 $1,380,582 $925,000 $1,350,000 $1,167,500 $934,965
$312
Explore
# OF SALES 73 31 32 39 154 42 41 51 44 81 61 78 727
TOTAL/AVERAGE
AVG. $ / SQ. FT.
$390 $505 $312 $442 $386 $352 $534 $702 $536 $682 $452 $467
Q3 2022
Condominium Homes
NEIGHBORHOOD
Cathedral City North Cathedral City South Indian Wells
La Quinta No of HWY 111
La Quinta S.Of H
Palm Desert East Palm Desert North Palm Desert South
Palm Springs Central Palm Springs North End Palm Springs South End Rancho Mirage
TOTAL/AVERAGE
#
MED. SALE PRICE
$311,000 $345,000 $712,500 $455,000 $725,000 $510,000 $565,000 $432,000 $420,000 $297,500 $479,000 $568,750 $485,063
AVG. $ / SQ. FT. $287 $277 $335 $446 $385 $354 $329 $379 $397 $379 $391 $333 $358
“Source:
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 MLS/CARETS
Q3 2022
OF SALES 16 19 12 3 38 75 41 30 53 64 107 56 514
Properties Sold Q3 2022 – Q3 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 11375150225300 00 20222021 225 338 450
Properties Sold Q3 2022 – Q3 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 404080120160 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
Price / Sq. Ft.
Sold Days on Market
Price
Price / Sq. Ft.
Sold
on Market
Cathedral City South
SFR
Median Price
Price / Sq. Ft.
Sold Days on Market
Price
Price / Sq. Ft.
Sold Days on Market
Wells
SFR
Price
Price / Sq. Ft.
Sold Days on Market
Price
Price / Sq. Ft.
Sold
on Market
CHANGE
CHANGE
Q3 2022 $540,000 $312 73 30 Q3 2022 $311,000 $287 16 31 Q3 2021 $475,000 $277 134 32 Q3 2021 $230,000 $229 29 19 %
13.68% 12.80% -45.52% -6.25% % CHANGE 35.22% 25.61% -44.83% 63.16%
Avg
Properties
CONDO Median
Avg
Properties
Days
Q3 2022 $1,150,000 $505 32 39 Q3 2022 $712,500 $335 12 43 Q3 2021 $1,123,049 $409 48 57 Q3 2021 $585,000 $286 17 29 % CHANGE 2.40% 23.48% -33.33% -31.58% % CHANGE 21.79% 17.09% -29.41% 48.28%
Median
Avg
Properties
CONDO Median
Avg
Properties
Days
Indian
Q3 2022 $668,000 $390 31 41 Q3 2022 $345,000 $277 19 28 Q3 2021 $550,000 $352 45 24 Q3 2021 $299,000 $200 24 42 %
21.45% 10.74% -31.11% 70.83% % CHANGE 15.38% 38.19% -20.83% -33.33%
Avg
Properties
CONDO Median
Avg
Properties
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
Q3 2022 $653,000
$599,000
% CHANGE 9.02% 9.43% -43.48% 53.13%
Q3 2022 $455,000 $446
$300,000
% CHANGE 51.67% 39.80% -66.67% 205.56%
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
Q3 2022 $869,000 $442
$692,750
% CHANGE 25.44% 24.65% -44.20% 32.35%
Q3 2022 $725,000
% CHANGE 31.22% 22.73% -42.42% 33.33%
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
$642,500
% CHANGE 1.98% 20.14% -40.85% 30.30%
CHANGE 34.48% 30.17% -43.18%
“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.
$312 39 49
3 55 Q3 2021
$285 69 32 Q3 2021
$319 9 18
Q3 2022
$386 42 43 Q3 2022 $510,000 $354 75 28 Q3 2021 $630,000 $321 71 33 Q3 2021 $379,250 $272 132 26
%
7.69%
154 45
$384 38 52 Q3 2021
$355 276 34 Q3 2021 $552,500 $313 66 39
Market Performance By Neighborhood
Valley Area
Palm Desert North
SFR
Price
Price / Sq. Ft.
Sold
on Market
Price
Price / Sq. Ft.
Sold
on Market
Palm Desert South
SFR
Price
Price / Sq. Ft.
Sold
on Market
Price
Price
Sq.
Sold
on Market
Palm Springs Central
Price
Price
Sq. Ft.
Sold
on Market
Price
Price
Sq.
CHANGE
Q3 2022 $724,000 $352 41 39 Q3 2022 $565,000 $329 41 36 Q3 2021 $585,000 $317 65 29 Q3 2021 $436,000 $286 60 39 %
23.76% 11.05% -36.92% 34.48% % CHANGE 29.59% $286 -31.67% -7.69%
Median
Avg
Properties
Days
CONDO Median
Avg
Properties
Days
Q3 2022 $1,380,582 $702 44 35 Q3 2022 $420,000 $397 53 31 Q3 2021 $1,235,750 $643 78 27 Q3 2021 $317,500 $312 92 30 % CHANGE 11.72% 9.14% -43.59% 29.63% % CHANGE 32.28% 26.96% -42.39% 3.33% SFR Median
Avg
/
Properties
Days
CONDO Median
Avg
/
Ft. Properties Sold Days on Market
Q3 2022 $1,150,000 $534 51 44 Q3 2022 $432,000 $379 30 44 Q3 2021 $925,000 $435 69 36 Q3 2021 $400,000 $315 55 31 % CHANGE 24.32% 22.77% -26.09% 22.22% % CHANGE 8.00% 20.29% -45.45% 41.94%
Median
Avg
Properties
Days
CONDO Median
Avg
/
Ft. Properties
Days
Coachella
Palm Springs North End
SFR
Median Price
Price / Sq.
Sold
on Market
CONDO
Price
Price / Sq.
Sold Days on Market
Palm Springs South End
SFR Median Price
Price / Sq.
Sold Days on Market
CONDO Median Price
Price / Sq.
Sold Days on Market
Rancho Mirage
SFR
Price
Price
Sq.
on Market
CONDO Median Price
Price
Sq.
Sold Days on Market
CHANGE
CHANGE
Q3 2022 $925,000 $536 81 37 Q3 2022 $297,500 $379 64 29 Q3 2021 $755,000 $479 119 29 Q3 2021 $178,750 $280 64 38 %
22.52% 11.99% -31.93% 27.59% %
66.43% 35.26% 0.00% -23.68%
Avg
Ft. Properties
Days
Median
Avg
Ft. Properties
Q3 2022 $1,167,500 $452 78 32 Q3 2022 $568,750 $333 56 42 Q3 2021 $903,500 $374 140 41 Q3 2021 $465,000 $265 97 42 % CHANGE 29.22% 20.63% -44.29% -21.95% % CHANGE 22.31% 25.91% -42.27% 0.00%
Median
Avg
/
Ft. Properties Sold Days
Avg
/
Ft. Properties
Q3 2022 $1,350,000 $682 61 47 Q3 2022 $479,000 $391 107 34 Q3 2021 $1,100,000 $554 73 31 Q3 2021 $375,000 $303 151 22 % CHANGE 22.73% 22.96% -16.44% 51.61% % CHANGE 27.73% 29.12% -29.14% 54.55%
Avg
Ft. Properties
Avg
Ft. Properties
“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.
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
What’s New On dppre.com
Ravishing Jazz Age Estate in La Cañada Hits the Auction Block
dpp real estate listings are consistently featured in local, regional and national publications. Our in-house design-centric public relations team’s primary role is to generate editorial coverage for properties we represent. This exposure not only increases awareness, but provides a third-party endorsement and a call to action for qualified prospects.
On October 13, bidding will open for one of the grander properties in the upscale hamlet of La Cañada Flintridge. Known as the Overell Estate, the luxurious residence was constructed in 1929, at a then-astronomical cost of...
We share our passion for design on our blog: dppre.com
Eco-Friendly Design Reigns In This Los Angeles Mid-Century
$2.6M
In 1960, Allan and Elsie Elliot retained James M. Molony to construct their dream home. Being an engineer, Mr. Elliot set out to design and build a showstopping Mid-Century atop a secluded setting. This property at...
1907 Italian Period Revival Estate
This beautiful Italian Period Revival house is a prime example of a ‘work in progress’ – over the last 118 years. Originally built “on spec” as a two-story frame dwelling in 1904, this property evolved through the years until 1930 when after several additions...
Seeking
Photography © Pierre Galant Santa Monica Silver Lake Downtown LA Pasadena Palm Springs Altadena Monrovia Sierra Madre Glendora La Cañada Flintridge 310.275.1000626.683.0777