deasy/penner&partners
MARKET REPORT Q3 :: 2015 deasypenner.com
TABLE OF CONTENTS 4
YOUR GUIDE TO MARKET PERFORMANCE & ANALYSIS
6
EXPLORE YOUR NEIGHBORHOOD
7
LOS ANGELES AREA
15 WESTSIDE LA AREA 21 PASADENA + SAN GABRIEL VALLEY AREA 30 CONTACT US
YOUR GUIDE TO MARKET PERFORMANCE & ANALYSIS
la county :: market snapshot SINGLE FAMILY HOMES
CONDOMINIUM HOMES
Data*
Q3 2015
Q3 2014
% Change
Data*
Q3 2015
Q3 2014
% Change
Median Price
$550,000
$520,000
5.77%
Median Price
$415,000
$395,000
5.06%
$405
$388
4.25%
Avg. Price / Sq. Ft.
$388
$375
3.55%
Properties Sold
13,831
12,905
7.18%
Properties Sold
4,961
4,486
10.59%
Days on Market
54
56
-3.57%
Days on Market
56
59
-5.08%
Avg. Price / Sq. Ft.
MEDIAN PRICE
MEDIAN PRICE
$550,000
$415,000
vs Q3 2014
+6%
$520,000
DAYS ON THE MARKET
vs Q3 2014
+5%
$395,000
PROPERTIES SOLD +11%
54
56
Q3 2015
Q3 2014
DAYS
4,961 4,486
DAYS
Q3 2015
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q3 2015
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5
EXPLORE YOUR NEIGHBORHOOD
los angeles area
NEIGHBORHOOD FOCUS Q3 2015 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
AVG. SALE PRICE
AVG. $ / SQ. FT.
Beverly Hills
39
$5,150,000
$1,319
Beverly Hills PO
43
$2,525,000
$910
Beverlywood
60
$1,182,500
$695
Beverly Center - Miracle
45
$1,648,000
$756
Brentwood
55
$2,750,000
$904
Cheviot Hills - Rancho Park
25
$1,850,000
$785
Culver City
74
$1,017,500
$686
Downtown LA
31
$280,500
$265
Hancock Park - Wilshire
60
$1,502,500
$649
Hollywood
28
$781,445
$540
Hollywood Hills East
43
$1,228,000
$607
Los Feliz
68
$1,391,500
$669
122
$557,500
$364
85
$793,000
$613
Studio City
106
$1,385,000
$607
Sunset Strip - HH West
118
$1,590,000
$773
Westwood - Century City
52
$1,650,000
$811
West Hollywood
30
$1,330,000
$917
West LA
29
$991,000
$710
1,113
$1,558,076
$715
Mid - Los Angeles Silver Lake - Echo 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 :: Q3 2015
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los angeles area
MEDIAN PRICE CHANGE
Q3 2015 — Q3 2014 SINGLE FAMILY HOMES 2015
2014
$3.5M $3M $2.5M $2M $1.5M $1M $500K
West LA
West Hollywood
Westwood - Century City
Sunset Strip - HH West
Studio City
Silver Lake - Echo Park
Mid - Los Angeles
Los Feliz
Hollywood Hills East
Hollywood
Hancock Park - Wilshire
Downtown LA
Culver City
Cheviot Hills - Rancho Park
Brentwood
Beverly Center - Miracle
Beverlywood
Beverly Hills PO
Beverly Hills
$250K
“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 :: Q3 2015
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8
los angeles area
NEIGHBORHOOD FOCUS Q3 2015 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
AVG. SALE PRICE
AVG. $ / SQ. FT.
Beverly Hills
34
$1,145,000
$689
Beverly Hills PO
NA
NA
NA
Beverlywood
15
$640,000
$497
Beverly Center - Miracle
37
$752,500
$544
Brentwood
63
$733,000
$565
Cheviot Hills - Rancho Park
NA
NA
NA
Culver City
64
$447,000
$448
115
$545,000
$574
Hancock Park - Wilshire
51
$545,000
$466
Hollywood
29
$699,800
$572
Hollywood Hills East
7
$485,000
$473
Los Feliz
7
$439,000
$510
Mid - Los Angeles
3
$305,000
$295
Silver Lake - Echo Park
18
$635,000
$522
Studio City
60
$532,000
$406
Sunset Strip - HH West
30
$527,500
$528
Westwood - Century City
166
$747,000
$589
West Hollywood
103
$620,000
$607
43
$765,000
$511
845
$621,341
$517
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 :: Q3 2015
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9
los angeles area
MEDIAN PRICE CHANGE
Q3 2015 — Q3 2014 CONDOMINIUM HOMES 2015
2014
$1M
$750K
$500K
$250K
West LA
West Hollywood
Westwood - Century City
Sunset Strip - HH West
Studio City
Silver Lake - Echo Park
Mid - Los Angeles
Los Feliz
Hollywood Hills East
Hollywood
Hancock Park - Wilshire
Downtown LA
Culver City
Cheviot Hills - Rancho Park
Brentwood
Beverly Center - Miracle
Beverlywood
Beverly Hills PO
Beverly Hills
$200K
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q3 2015
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
BEVERLY HILLS Q3 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$5,150,000 $1,319 39 90
SFR Q3 2014 $3,830,000 $1,111 40 63
BEVERLY HILLS PO Q3 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$2,525,000 $910 43 84
Q3 2014 $2,681,500 $829 36 69
Q3 2014
% CHANGE
34.46% 18.67% -2.50% 42.86%
$1,100,000 $662 33 74
4.09% 4.05% 3.03% -10.81%
CONDO
% CHANGE
Q2 2015
Q2 2014
% CHANGE
-5.84% 9.81% 19.44% 21.74%
NA NA NA NA
NA NA NA NA
NA NA NA NA
CONDO
Q3 2015
Q3 2014
% CHANGE
Q3 2015
Q3 2014
% CHANGE
$1,182,500 $695 60 29
$982,500 $590 60 56
20.36% 17.95% 0.00% -48.21%
$640,000 $497 15 37
$575,000 $435 17 50
11.30% 14.14% -11.76% -26.00%
SFR
CONDO
Q3 2015
Q3 2014
% CHANGE
Q3 2015
Q3 2014
% CHANGE
$1,648,000 $756 45 48
$1,315,000 $689 59 39
25.32% 9.76% -23.73% 23.08%
$752,500 $544 37 43
$615,000 $493 33 80
22.36% 10.33% 12.12% -46.25%
BRENTWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q3 2015 $1,145,000 $689 34 66
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
Q3 2015
Q3 2014
% CHANGE
Q3 2015
Q3 2014
% CHANGE
$2,750,000 $904 55 75
$2,525,000 $883 64 78
8.91% 2.30% -14.06% -3.85%
$733,000 $565 63 48
$768,000 $538 71 48
-4.56% 5.10% -11.27% 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 :: Q3 2015
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
CHEVIOT HILLS :: RANCHO PARK Q3 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,850,000 $785 25 39
Q3 2014 $1,395,500 $717 20 37
CULVER CITY $1,017,500 $686 74 39
Q3 2014 $834,700 $620 52 37
DOWNTOWN LA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q3 2015
Q3 2014
% CHANGE
32.57% 9.46% 25.00% 5.41%
NA NA NA NA
NA NA NA NA
NA NA NA NA
CONDO
% CHANGE
Q3 2015
Q3 2014
% CHANGE
21.90% 10.60% 42.31% 5.41%
$447,000 $448 64 34
$417,500 $396 75 46
7.07% 13.22% -14.67% -26.09%
CONDO
Q3 2015
Q3 2014
% CHANGE
Q3 2015
Q3 2014
% CHANGE
$280,500 $265 31 53
$252,000 $242 23 57
11.31% 9.13% 34.78% -7.02%
$545,000 $574 115 59
$562,500 $542 122 66
-3.11% 5.90% -5.74% -10.61%
SFR
CONDO
Q3 2015
Q3 2014
% CHANGE
Q3 2015
Q3 2014
% CHANGE
$1,502,500 $649 60 51
$1,255,000 $594 80 63
19.72% 9.36% -25.00% -19.05%
$545,000 $466 51 66
$575,000 $425 39 63
-5.22% 9.49% 30.77% 4.76%
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 Q3 2015
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q3 2015
Q3 2014
% CHANGE
Q3 2015
Q3 2014
% CHANGE
$781,445 $540 28 89
$650,000 $489 25 80
20.22% 10.54% 12.00% 11.25%
$699,800 $572 29 68
$600,000 $524 31 79
16.63% 9.02% -6.45% -13.92%
“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 :: Q3 2015
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
HOLLYWOOD HILLS EAST Q3 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,228,000 $607 43 68
Q3 2014 $1,134,000 $536 40 80
LOS FELIZ $1,391,500 $669 68 50
Q3 2014 $1,145,000 $607 70 49
MID LOS ANGELES Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q3 2015
Q3 2014
% CHANGE
8.29% 13.23% 7.50% -15.00%
$485,000 $473 7 47
$400,000 $429 11 42
21.25% 10.08% -36.36% 11.90%
CONDO
% CHANGE
Q3 2015
Q3 2014
% CHANGE
21.53% 10.18% -2.86% 2.04%
$439,000 $510 7 31
$495,000 $474 7 36
-11.31% 7.65% 0.00% -13.89%
CONDO
Q3 2015
Q3 2014
% CHANGE
Q3 2015
Q3 2014
% CHANGE
$557,500 $364 122 39
$450,000 $325 103 43
23.89% 12.06% 18.45% -9.30%
$305,000 $295 3 38
$283,000 $249 5 130
7.77% 18.52% -40.00% -70.77%
SFR
CONDO
Q3 2015
Q3 2014
% CHANGE
Q3 2015
Q3 2014
% CHANGE
$793,000 $613 85 40
$775,000 $578 73 42
2.32% 5.99% 16.44% -4.76%
$635,000 $522 18 35
$520,000 $446 12 34
22.12% 16.93% 50.00% 2.94%
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 Q3 2015
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q3 2015
Q3 2014
% CHANGE
Q3 2015
Q3 2014
% CHANGE
$1,385,000 $607 106 54
$1,200,000 $570 85 62
15.42% 6.57% 24.71% -12.90%
$532,000 $406 60 58
$500,000 $383 48 63
6.40% 6.08% 25.00% -7.94%
“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 :: Q3 2015
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13
MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
SUNSET STRIP :: HH WEST Q3 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,590,000 $773 118 64
Q3 2014 $1,850,000 $788 119 78
WESTWOOD :: CENTURY CITY Q3 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,650,000 $811 52 36
Q3 2014 $2,050,000 $781 61 42
WEST HOLLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
% CHANGE
Q3 2015
Q3 2014
% CHANGE
-14.05% -1.93% -0.84% -17.95%
$527,500 $528 30 45
$445,000 $494 25 61
18.54% 6.84% 20.00% -26.23%
SFR
CONDO
% CHANGE
Q3 2015
Q3 2014
% CHANGE
-19.51% 3.73% -14.75% -14.29%
$747,000 $589 166 62
$770,000 $608 158 74
-2.99% -3.09% 5.06% -16.22%
SFR
CONDO
Q3 2015
Q3 2014
% CHANGE
Q3 2015
Q3 2014
% CHANGE
$1,330,500 $917 30 49
$1,190,000 $839 33 39
11.76% 9.37% -9.09% 25.64%
$620,000 $607 103 58
$627,500 $532 100 55
-1.20% 14.07% 3.00% 5.45%
WEST LA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q3 2015
Q3 2014
% CHANGE
Q3 2015
Q3 2014
% CHANGE
$991,000 $710 29 46
$859,500 $669 32 41
15.30% 6.10% -9.38% 12.20%
$765,000 $511 43 46
$610,000 $482 53 45
25.41% 6.12% -18.87% 2.22%
“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 :: Q3 2015
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14
westside la area
NEIGHBORHOOD FOCUS Q3 2015 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
AVG. SALE PRICE
PRICE / SQ. FT.
Malibu Beach
13
$7,525,000
$2,095
Malibu
39
$2,525,000
$840
Marina Del Rey
14
$1,425,500
$877
Pacific Palisades
72
$2,923,000
$1,042
105
$1,225,000
$750
7
$1,450,000
$574
Santa Monica
67
$1,950,000
$1,153
Venice
45
$1,760,000
$1,169
362
$2,597,938
$1,062
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 :: Q3 2015
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15
westside la area
PROPERTIES SOLD
Q3 2015 — Q3 2014 SINGLE FAMILY HOMES 2015
2014
% Change
+11% 105
-23%
90
-14%
75
-22%
60
-6%
45 30
-13% +75%
15 0
Malibu Beach
Malibu
Marina Del Rey
+75% 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 :: Q3 2015
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16
westside la area
NEIGHBORHOOD FOCUS Q3 2015 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
AVG. SALE PRICE
PRICE / SQ. FT.
8
$1,287,500
$1,078
Malibu
17
$720,000
$575
Marina Del Rey
79
$861,000
$610
Pacific Palisades
23
$995,000
$627
Palms - Mar Vista
39
$525,000
$486
Playa Vista
24
$787,500
$541
133
$983,000
$843
10
$1,533,500
$761
333
$961,563
$690
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 :: Q3 2015
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17
westside la area
PROPERTIES SOLD
Q3 2015 — Q3 2014 CONDOMINIUM HOMES 2015
2014
% Change
-4% 105
-14%
90 75 60
+3% 45
0%
30 15 0
-38%
+31%
0%
+60% 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 :: Q3 2015
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18
MARKET PERFORMANCE BY NEIGHBORHOOD :: WESTSIDE AREA
MALIBU BEACH Q3 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$7,525,000 $2,095 13 136
SFR Q3 2014 $7,200,000 $2,579 15 149
MALIBU $2,525,000 $840 39 92
Q3 2014 $2,362,500 $877 50 140
MARINA DEL REY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q3 2014
% CHANGE
4.51% -18.78% -13.33% -8.72%
$825,000 $963 5 112
56.06% 11.94% 60.00% 18.75%
CONDO
% CHANGE
Q3 2015
Q3 2014
% CHANGE
6.88% -4.25% -22.00% -34.29%
$720,000 $575 17 89
$825,000 $529 13 71
-12.73% 8.73% 30.77% 25.35%
CONDO
Q3 2015
Q3 2014
% CHANGE
Q3 2015
Q3 2014
% CHANGE
$1,425,500 $877 14 31
$1,557,500 $707 8 70
-8.48% 24.18% 75.00% -55.71%
$861,000 $610 79 70
$751,000 $575 92 82
14.65% 6.12% -14.13% -14.63%
SFR
CONDO
Q3 2015
Q3 2014
% CHANGE
Q3 2015
Q3 2014
% CHANGE
$2,923,000 $1,042 72 59
$2,540,000 $979 94 67
15.08% 6.40% -23.40% -11.94%
$995,000 $627 23 39
$860,000 $517 23 59
15.70% 21.22% 0.00% -33.90%
PALMS :: MAR VISTA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q3 2015 $1,287,500 $1,078 8 133
SFR
PACIFIC PALISADES Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
SFR Q3 2015
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q3 2015
Q3 2014
% CHANGE
Q3 2015
Q3 2014
% CHANGE
$1,225,000 $750 105 45
$950,000 $689 95 46
28.95% 8.73% 10.53% -2.17%
$525,000 $486 39 62
$537,500 $456 38 51
-2.33% 6.63% 2.63% 21.57%
“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.
The Market Report :: Q3 2015
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MARKET PERFORMANCE BY NEIGHBORHOOD :: WESTSIDE AREA
PLAYA VISTA
SFR Q3 2015
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,450,000 $574 7 79
Q2 2014 $1,187,500 $499 4 45
SANTA MONICA Q3 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,950,000 $1,153 67 38
% CHANGE
Q3 2015
Q2 2014
% CHANGE
22.11% 14.93% 75.00% 75.56%
$787,500 $541 24 40
$730,000 $473 39 53
7.88% 14.41% -38.46% -24.53%
SFR Q2 2014 $1,877,500 $1,006 78 57
VENICE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
CONDO
% CHANGE
Q3 2015
Q2 2014
% CHANGE
3.86% 14.58% -14.10% -33.33%
$983,000 $843 133 54
$975,000 $883 138 53
0.82% -4.51% -3.62% 1.89%
SFR
CONDO
Q3 2015
Q2 2014
% CHANGE
Q3 2015
Q2 2014
% CHANGE
$1,760,000 $1,169 45 64
$1,630,830 $1,120 48 53
7.92% 4.33% -6.25% 20.75%
$1,533,500 $761 10 73
$1,172,500 $746 10 65
30.79% 2.05% 0.00% 12.31%
“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 :: Q3 2015
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20
pasadena + san gabriel valley area
NEIGHBORHOOD FOCUS Q3 2015 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
AVG. SALE PRICE
PRICE / SQ. FT.
70
$594,500
$464
Arcadia
120
$1,220,000
$547
Altadena
110
$695,500
$455
Bradbury
3
$2,150,000
$524
64
$705,966
$474
116
$525,000
$341
98
$626,550
$500
118
$772,000
$476
La Cañada Flintridge
77
$1,438,000
$614
Monrovia
81
$650,500
$421
Mount Washington
39
$700,000
$545
Pasadena NE
124
$734,500
$469
Pasadena NW
58
$729,500
$503
Pasadena SE
56
$871,000
$540
Pasadena SW
36
$1,305,000
$589
Rosemead / South San Gabriel
65
$513,000
$385
San Gabriel
88
$714,000
$453
San Marino
28
$2,184,000
$795
Sierra Madre
32
$962,500
$524
South Pasadena
43
$1,300,000
$647
Sunland / Tujunga
121
$500,000
$360
TOTAL/AVERAGE
1,547
$947,215
$506
Alhambra
Eagle Rock Glendora Highland Park La Crescenta / Glendale
“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 :: Q3 2015
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21
pasadena + san gabriel valley area
MEDIAN PRICE + AVERAGE DAYS ON MARKET
Q3 2015 SINGLE FAMILY HOMES Median Price
Avg DOM
$2.5M
110
$2M
100
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
20 Highland Park
$250K Glendora
40
Eagle Rock
$500K
Bradbury
60
Altadena
$1M
Arcadia
80
Alhambra
$1.5M
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q3 2015
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pasadena + san gabriel valley area
NEIGHBORHOOD FOCUS Q3 2015 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
AVG. SALE PRICE
PRICE / SQ. FT.
Alhambra
54
$426,000
$351
Arcadia
38
$647,500
$399
Altadena
NA
NA
NA
Bradbury
NA
NA
NA
1
$395,000
$411
22
$406,000
$282
7
$290,000
$364
19
$525,000
$377
1
$645,000
$384
Monrovia
24
$416,500
$326
Mount Washington
NA
NA
NA
Pasadena NE
19
$425,000
$385
Pasadena NW
9
$385,000
$362
Pasadena SE
121
$500,000
$457
Pasadena SW
33
$675,000
$470
Rosemead / South San Gabriel
12
$402,000
$277
San Gabriel
16
$466,000
$332
San Marino
NA
NA
NA
Sierra Madre
NA
NA
NA
South Pasadena
20
$547,500
$473
Sunland / Tujunga
23
$370,000
$287
TOTAL/AVERAGE
419
$470,094
$371
Eagle Rock Glendora Highland Park La Crescenta / Glendale La Cañada Flintridge
“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 :: Q3 2015
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23
pasadena + san gabriel valley area
MEDIAN PRICE + AVERAGE DAYS ON MARKET
Q3 2015 CONDOMINIUM HOMES Median Price
Avg DOM
Sunland / Tujunga
South Pasadena
Sierra Madre
San Marino
San Gabriel
Rosemead / South San Gabriel
Pasadena SW
Pasadena SE
Pasadena NW
Pasadena NE
20 Mount Washington
$150K Monrovia
40
La Cañada Flintridge
$300K
La Crescenta / Glendale
60
Highland Park
$450K
Glendora
80
Eagle Rock
$600K
Bradbury
100
Altadena
$750K
Arcadia
110
Alhambra
$900K
“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 :: Q3 2015
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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
ALHAMBRA
SFR Q3 2015
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$594,500 $464 70 39
Q3 2014 $529,275 $407 65 43
ARCADIA $1,220,000 $547 120 60
Q3 2014 $1,360,000 $620 113 48
ALTADENA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q3 2014
% CHANGE
12.32% 13.95% 7.69% -9.30%
$426,000 $351 54 47
$429,000 $328 38 59
-0.70% 7.25% 42.11% -20.34%
CONDO
% CHANGE
Q3 2015
Q3 2014
% CHANGE
-10.29% -11.76% 6.19% 25.00%
$647,500 $399 38 60
$618,400 $383 44 36
4.71% 4.21% -13.64% 66.67%
CONDO
Q3 2015
Q3 2014
% CHANGE
Q3 2015
Q3 2014
% CHANGE
$695,500 $455 110 51
$595,000 $414 103 50
16.89% 9.90% 6.80% 2.00%
$303,750 $315 4 20
NA NA NA NA
NA NA NA NA
SFR
CONDO
Q3 2015
Q3 2014
% CHANGE
Q3 2015
Q3 2014
% CHANGE
$2,150,500 $524 3 107
$1,150,000 $465 3 16
86.96% 12.72% 0.00% 568.75%
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
Q3 2015
SFR
BRADBURY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
SFR Q3 2015
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q3 2015
Q3 2014
% CHANGE
Q3 2015
Q3 2014
% CHANGE
$705,966 $474 64 42
$680,000 $472 58 44
3.82% 0.42% 10.34% -4.55%
$395,000 $411 1 32
$185,000 $367 1 23
113.51% 12.10% 0.00% 39.13%
“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 :: Q3 2015
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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
GLENDORA
SFR Q3 2015
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$525,000 $341 116 54
Q3 2014 $505,000 $340 111 54
HIIGHLAND PARK
CONDO
% CHANGE
Q3 2015
Q3 2014
% CHANGE
3.96% 0.04% 4.50% 0.00%
$406,000 $282 22 53
$397,500 $272 26 81
2.14% 3.72% -15.38% -34.57%
SFR
CONDO
% CHANGE
Q3 2015
Q3 2014
% CHANGE
$534,500 $464 101 37
17.22% 7.85% -2.97% 10.81%
$290,000 $364 7 39
$255,000 $332 7 40
13.73% 9.63% 0.00% -2.50%
LA CRESCENTA :: GLENDALE
SFR
Q3 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$626,550 $500 98 41
Q3 2014
Q3 2015
Q3 2014
% CHANGE
Q3 2015
Q3 2014
% CHANGE
$772,000 $476 118 46
$719,000 $440 119 48
7.37% 8.28% -0.84% -4.17%
$525,000 $377 19 50
$494,000 $324 15 39
6.28% 16.39% 26.67% 28.21%
LA CAÑADA FLINTRIDGE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
CONDO
Q3 2015
Q3 2014
% CHANGE
Q3 2015
Q3 2014
% CHANGE
$1,438,000 $614 77 50
$1,285,000 $552 79 48
11.91% 11.31% -2.53% 4.17%
$645,000 $384 1 53
$475,000 $372 1 28
35.79% 3.22% 0.00% 89.29%
MONROVIA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q3 2015
Q3 2014
% CHANGE
Q3 2015
Q3 2014
% CHANGE
$650,500 $421 81 53
$630,000 $408 82 54
3.25% 3.11% -1.22% -1.85%
$416,500 $326 24 58
$406,500 $347 14 34
2.46% -6.07% 71.43% 70.59%
“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 :: Q3 2015
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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
MOUNT WASHINGTON Q3 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$700,000 $545 39 52
SFR Q3 2014 $650,000 $445 39 49
PASADENA NE Q3 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$734,500 $469 124 44
Q3 2014 $713,500 $459 134 49
Q3 2014
% CHANGE
7.69% 22.34% 0.00% 6.12%
NA NA NA NA
NA NA NA NA
NA NA NA NA
CONDO
% CHANGE
Q3 2015
Q3 2014
% CHANGE
2.94% 2.18% -7.46% -10.20%
$425,000 $385 19 54
$405,000 $363 27 52
4.94% 5.92% -29.63% 3.85%
CONDO
Q3 2015
Q3 2014
% CHANGE
Q3 2015
Q3 2014
% CHANGE
$729,500 $503 58 58
$590,000 $431 47 68
23.64% 16.71% 23.40% -14.71%
$385,000 $362 9 51
$530,000 $399 14 45
-27.36% -9.33% -35.71% 13.33%
SFR
CONDO
Q3 2015
Q3 2014
% CHANGE
Q3 2015
Q3 2014
% CHANGE
$871,000 $540 56 68
$923,800 $554 67 48
-5.72% -2.65% -16.42% 54.55%
$500,000 $457 121 61
$491,000 $455 102 61
1.83% 0.44% 19.80% 0.00%
PASADENA SW Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q3 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
Q3 2015
Q3 2014
% CHANGE
Q3 2015
Q3 2014
% CHANGE
$1,305,000 $589 36 46
$1,100,000 $581 33 50
18.64% 1.52% 9.09% -8.00%
$675,000 $470 33 61
$695,000 $494 42 54
-2.88% -4.67% -21.43% 12.96%
“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 :: Q3 2015
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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
ROSEMEAD :: S. SAN GABRIEL Q3 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$513,000 $385 65 63
Q3 2014 $470,000 $389 41 38
SAN GABRIEL $714,000 $453 88 48
Q3 2014 $689,000 $448 78 40
SAN MARINO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q3 2015
Q3 2014
% CHANGE
9.15% -0.82% 58.54% 65.79%
$402,000 $277 12 47
$396,500 $274 6 31
1.39% 0.81% 100.00% 51.61%
CONDO
% CHANGE
Q3 2015
Q3 2014
% CHANGE
3.63% 1.21% 12.82% 20.00%
$466,000 $332 16 51
$392,000 $338 9 41
18.88% -1.68% 77.78% 24.39%
SFR
CONDO
Q3 2015
Q3 2014
% CHANGE
Q3 2015
Q3 2014
% CHANGE
$2,184,000 $795 28 54
$2,358,000 $916 37 34
-7.38% -13.25% -24.32% 58.82%
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
Q3 2015
Q3 2014
% CHANGE
Q3 2015
Q3 2014
% CHANGE
$962,500 $524 32 48
$876,250 $485 40 55
9.84% 8.05% -20.00% -12.73%
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 Q3 2015
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q3 2015
Q3 2014
% CHANGE
Q3 2015
Q3 2014
% CHANGE
$1,300,000 $647 43 36
$1,135,000 $628 33 29
14.54% 3.11% 30.30% 24.14%
$547,500 $473 20 51
$502,500 $415 12 38
8.96% 13.85% 66.67% 34.21%
“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 :: Q3 2015
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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
SUNLAND :: TUJUNGA Q3 2015 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$500,000 $360 121 50
SFR Q3 2014 $457,500 $330 108 55
CONDO
% CHANGE
Q3 2015
Q3 2014
% CHANGE
9.29% 8.97% 12.04% -9.09%
$370,000 $287 23 55
$298,294 $257 18 67
24.04% 11.92% 27.78% -17.91%
“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 :: Q3 2015
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CONTACT US
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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
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