Q3 2017 MARKET REPORT
deasy/penner home as art.®
deasypenner.com
YOUR GUIDE TO MARKET PERFORMANCE & ANALYSIS
la county :: market snapshot SINGLE FAMILY HOMES
CONDOMINIUM HOMES
Data*
Q3 2017
Q3 2016
% Change
Median Price
$640,000
$590,975
$461
Properties Sold Days on Market
Avg. Price / Sq. Ft.
Data*
Q3 2017
Q3 2016
% Change
8.30%
Median Price
$475,000
$445,000
6.74%
$429
7.49%
Avg. Price / Sq. Ft.
$443
$413
7.29%
13,607
13,768
-1.17%
Properties Sold
5,044
4,875
3.47%
40
53
-24.53%
Days on Market
39
52
-25.00%
MEDIAN PRICE
MEDIAN PRICE
$640,000
$475,000
vs Q3 2016
+8%
$590,975
DAYS ON THE MARKET
+7%
$445,000
PROPERTIES SOLD
40
53
Q3 2017
Q3 2016
DAYS
vs Q3 2016
5,044
4,875
Q3 2017
Q3 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 :: Q3 2017
deasypenner.com
EXPLORE YOUR NEIGHBORHOOD
los angeles area NEIGHBORHOOD FOCUS Q3 2017 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
MED. SALE PRICE
AVG. $ / SQ. FT.
Baldwin Hills
NA
NA
NA
Beverly Hills
34
$4,612,500
$1,442
Beverly Hills PO
46
$2,770,000
$872
Beverlywood
37
$1,200,000
$762
Beverly Center - Miracle
54
$1,587,500
$781
Brentwood
70
$2,827,500
$1,084
Cheviot Hills - Rancho Park
22
$1,800,875
$911
Culver City
72
$1,200,250
$849
Downtown LA
25
$350,000
$371
Hancock Park - Wilshire
76
$1,656,968
$721
Hollywood
27
$999,000
$664
Hollywood Hills East
43
$1,515,000
$660
Ladera Heights
19
$1,065,000
$426
3
$745,000
$425
54
$1,787,500
$730
Mid - Los Angeles
105
$747,293
$485
Silver Lake - Echo Park
108
$1,037,500
$719
90
$1,306,250
$612
117
$1,718,000
$854
6
$815,000
$440
Westwood - Century City
35
$2,039,998
$909
West Hollywood
38
$1,930,000
$1,107
West LA
39
$1,229,000
$817
1,120
$1,663,816
$756
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 :: Q3 2017
deasypenner.com
The Market Report :: Q3 2017
West LA
West Hollywood
$4.5M
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
Q3 2017 — Q3 2016 SINGLE FAMILY HOMES $6M
2017 2016
$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.
deasypenner.com
los angeles area NEIGHBORHOOD FOCUS Q3 2017 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
MED. SALE PRICE
AVG. $ / SQ. FT.
Baldwin Hills
NA
NA
NA
Beverly Hills
32
$1,267,000
$728
Beverly Hills PO
NA
NA
NA
9
$687,000
$594
Beverly Center - Miracle
31
$730,018
$642
Brentwood
54
$907,500
$655
Cheviot Hills - Rancho Park
NA
NA
NA
Culver City
55
$578,000
$547
132
$620,000
$718
Hancock Park - Wilshire
44
$675,000
$516
Hollywood
27
$700,000
$550
Hollywood Hills East
14
$525,500
$480
2
$554,450
$390
NA
NA
NA
Los Feliz
8
$595,000
$603
Mid - Los Angeles
6
$545,000
$323
Silver Lake - Echo Park
20
$805,000
$525
Studio City
80
$662,500
$484
Sunset Strip - HH West
28
$548,000
$689
View Park
NA
NA
NA
Westwood - Century City
130
$883,000
$668
West Hollywood
100
$713,500
$676
47
$812,000
$615
819
$711,582
$578
Beverlywood
Downtown LA
Ladera Heights Leimert Park
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 2017
deasypenner.com
The Market Report :: Q3 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
Q3 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.
deasypenner.com
neighborhood spotlight
BEL-AIR :: HOLMBY HILLS Affluent doesn’t even begin to describe these two
surroundings and panoramic sweeping views of
Picture-Perfect 1959 Edward Fickett On Mulholland Asks $2.5M
the entire LA Basin. Filled with mega mansions and
Right on Mulholland Drive in Bel Air sits this
exclusive neighborhoods that offer lush hillside
sprawling estates that regularly fetch eight-figure sums, Bel-Air (including the gated Bel-Air Crest) and
dazzling mid-century house by architect Edward Fickett, looking like something ripped from the pages of a coffee table book about the highly...
Holmby Hills are home to countless celebs, industry execs, and yup, even the Playboy Mansion. In addition to architecturally significant properties from A. Quincy Jones, Richard Neutra, and Wallace Neff, there are stunning contemporary constructions from XTEN Architecture, Quinn Architects, and McClean Design, among others. Locals enjoy taking in performances at nearby UCLA’s Royce Hall, descending into Brentwood for steaks at Baltaire and pasta at Toscana, and strolling
View more on our blog
HomeAsArt.com
the idyllic grounds of the 12-acre Hotel Bel-Air where you’ll find swans in the lake and A-listers in the bar.
The Market Report :: Q3 2017
deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
BALDWIN HILLS
SFR
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
NA NA NA NA
$988,000 $342 2 11
NA NA NA NA
NA NA NA NA
$388,000 $380 1 66
NA NA NA NA
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
BEVERLY HILLS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$4,612,500 $1,442 34 65
$5,162,780 $1,394 29 73
-10.66% 3.45% 17.24% -10.96%
$1,267,000 $728 32 64
$1,217,000 $688 24 62
4.11% 5.75% 33.33% 3.23%
SFR Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$2,770,000 $872 46 95
$2,500,000 $835 41 80
10.80% 4.37% 12.20% 18.75%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$1,200,000 $762 37 33
$1,250,000 $705 73 59
-4.00% 8.09% -49.32% -44.07%
$687,000 $594 9 44
$778,000 $541 15 35
-11.70% 9.67% -40.00% 25.71%
BEVERLY CENTER :: MIRACLE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2017
BEVERLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2017
BEVERLY HILLS PO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$1,587,500 $781 54 47
$1,610,000 $753 51 60
-1.40% 3.76% 5.88% -21.67%
$730,018 $642 31 53
$837,500 $573 38 92
-12.83% 12.04% -18.42% -42.39%
“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 2017
deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
BRENTWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$2,827,500 $1,084 70 64
$2,510,000 $973 71 71
12.65% 11.41% -1.41% -9.86%
$907,500 $655 54 39
$800,000 $622 63 43
13.44% 5.34% -14.29% -9.30%
CHEVIOT HILLS :: RANCHO PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$1,800,875 $911 22 36
$2,095,000 $787 31 52
-14.04% 15.75% -29.03% -30.77%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$1,200,250 $849 72 29
$1,150,500 $739 81 54
4.32% 14.99% -11.11% -46.30%
$578,000 $547 55 31
$482,000 $482 58 28
19.92% 13.66% -5.17% 10.71%
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$350,000 $371 25 83
$310,000 $266 22 71
12.90% 39.36% 13.64% 16.90%
$620,000 $718 132 61
$545,000 $580 109 64
13.76% 23.96% 21.10% -4.69%
HANCOCK PARK :: WILSHIRE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2016
DOWNTOWN LA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q3 2017
CULVER CITY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$1,656,968 $721 76 57
$1,380,000 $675 79 56
20.07% 6.81% -3.80% 1.79%
$675,000 $516 44 55
$582,500 $498 63 54
15.88% 3.62% -30.16% 1.85%
“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.
The Market Report :: Q3 2017
deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
HOLLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$999,000 $664 27 58
$869,000 $627 21 48
14.96% 5.92% 28.57% 20.83%
$700,000 $550 27 61
$700,000 $535 26 76
0.00% 2.80% 3.85% -19.74%
HOLLYWOOD HILLS EAST Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$1,515,000 $660 43 69
$1,565,000 $700 24 63
-3.19% -5.69% 79.17% 9.52%
$525,500 $480 14 58
$565,000 $433 9 32
-6.99% 10.88% 55.56% 81.25%
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$1,065,000 $426 19 56
$950,000 $390 13 69
12.11% 9.07% 46.15% -18.84%
$554,450 $390 2 29
$495,500 $381 2 62
11.90% 2.42% 0.00% -53.23%
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$745,000 $425 3 19
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
Q3 2016
LEIMERT PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q3 2017
LADERA HEIGHTS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$1,787,500 $730 54 54
$1,472,500 $711 54 52
21.39% 2.79% 0.00% 3.85%
$595,000 $603 8 79
$600,000 $600 10 54
-0.83% 0.49% -20.00% 46.30%
“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.
The Market Report :: Q3 2017
deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
MID LOS ANGELES Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$747,293 $485 105 37
$640,000 $435 115 52
16.76% 11.58% -8.70% -28.85%
$545,000 $323 6 30
$442,000 $397 7 58
23.30% -18.75% -14.29% -48.28%
SILVER LAKE :: ECHO PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$1,037,500 $719 108 41
$875,000 $681 107 47
18.57% 5.55% 0.93% -12.77%
$805,000 $525 20 45
$639,500 $517 28 49
25.88% 1.60% -28.57% -8.16%
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$1,306,250 $612 90 54
$1,505,000 $635 97 56
-13.21% -3.61% -7.22% -3.57%
$662,500 $484 80 41
$570,000 $427 71 55
16.23% 13.47% 12.68% -25.45%
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$1,718,000 $854 117 64
$1,783,570 $855 111 76
-3.68% -0.02% 5.41% -15.79%
$548,000 $689 28 43
$533,750 $598 32 65
2.67% 15.26% -12.50% -33.85%
VIEW PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2016
SUNSET STRIP :: HH WEST Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q3 2017
STUDIO CITY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$815,000 $440 6 26
$532,500 $313 2 11
53.05% 40.53% 200.00% 136.36%
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.
The Market Report :: Q3 2017
deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
WESTWOOD :: CENTURY CITY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$2,039,998 $909 35 49
$1,650,000 $882 45 55
23.64% 3.01% -22.22% -10.91%
$883,000 $668 130 52
$785,500 $618 154 73
12.41% 8.03% -15.58% -28.77%
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$1,930,000 $1,107 38 51
$1,465,000 $903 37 55
31.74% 22.64% 2.70% -7.27%
$713,500 $676 100 50
$695,000 $656 109 46
2.66% 2.95% -8.26% 8.70%
WEST LA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2017
WEST HOLLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$1,229,000 $817 39 34
$937,500 $758 30 51
31.09% 7.72% 30.00% -33.33%
$812,000 $615 47 29
$775,000 $548 61 41
4.77% 12.31% -22.95% -29.27%
“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.
The Market Report :: Q3 2017
deasypenner.com
westside la area
NEIGHBORHOOD FOCUS Q3 2017 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Malibu Beach
12
$7,500,000
$2,599
Malibu
56
$2,825,000
$1,031
Marina Del Rey
27
$1,280,000
$804
Pacific Palisades
74
$3,212,500
$1,128
Palms - Mar Vista
87
$1,525,000
$850
Playa Vista
10
$2,187,500
$711
Santa Monica
60
$2,766,500
$1,221
Venice
56
$2,115,000
$1,194
382
$2,926,438
$1,192
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 2017
deasypenner.com
westside la area
PROPERTIES SOLD Q3 2017
SINGLE FAMILY HOMES
87 74 56 Malibu
Santa Monica
Pacific Palisades
Palms – Mar Vista
60 56
12
10 Playa Vista
Malibu Beach
Marina del Rey
Venice
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.
The Market Report :: Q3 2017
deasypenner.com
westside la area
NEIGHBORHOOD FOCUS Q3 2017 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Malibu Beach
4
$742,500
$1,346
Malibu
9
$710,000
$734
Marina Del Rey
84
$900,495
$663
Pacific Palisades
20
$1,262,500
$641
Palms - Mar Vista
38
$671,000
$593
Playa Vista
39
$1,070,000
$688
124
$1,085,000
$939
8
$1,212,000
$946
326
$956,687
$819
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 2017
deasypenner.com
westside la area
PROPERTIES SOLD CHANGE Q2 2017 — Q2 2016
CONDOMINIUM HOMES 2016
2017
+3%
% Change
120
0%
90
+9%
60
+39%
-5% 30
0% 0
Malibu Beach
-36%
Malibu
-20%
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 2017
deasypenner.com
neighborhood spotlight
SANTA MONICA CANYON Known simply as “The Canyon� to its residents, the shallow, flat-bottomed Santa Monica Canyon is home
Santa Monica Cottage Asking $3.4M
to bohemians, artists, families, and other residents
This Santa Monica Canyon cottage has a
who appreciate the unpretentious attitude of the
wonderful, raw look about it, with its vaulted
neighborhood. Lying just north of Santa Monica, the
ceilings, exposed beams, and contrasting
Canyon is known for its rustic beauty, Hollywood history, and architectural gems from Lloyd Wright, Richard Neutra, Craig Ellwood, Ray Kappe, and Moore Ruble
white walls. Built in the 1920s, the open and airy cottage has Douglas fir floors and beautiful French doors. There are also high-end appliances and finishes, lest anyone forget this is Santa Monica.
Yudell. A huge draw is its schools: Canyon Charter Elementary, Paul Revere Charter Middle School and Magnet Center, and Palisades Charter High School are some of the highest rated in California. Other neighborhood highlights include the ultra-modern Annenberg Community Beach House, open-air Santa Monica stairs for public workouts, and a surprisingly diverse one-block restaurant scene that includes Tex Mex tacos from Marix and high-end Italian at Il Ristorante de Giorgio Baldi, a celebrity favorite.
The Market Report :: Q3 2017
View more on our blog
HomeAsArt.com deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: WESTSIDE AREA
MALIBU BEACH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$7,500,000 $2,599 12 178
$5,400,000 $1,853 19 150
38.89% 40.25% -36.84% 18.67%
$742,500 $1,346 4 171
$747,000 $997 4 329
-0.60% 34.95% 0.00% -48.02%
MALIBU Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$2,825,000 $1,031 56 150
$2,400,000 $911 51 168
17.71% 13.13% 9.80% -10.71%
$710,000 $734 9 54
$1,327,500 $768 14 80
-46.52% -4.45% -35.71% -32.50%
SFR Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$1,280,000 $804 27 49
$1,200,000 $795 9 48
6.67% 1.22% 200.00% 2.08%
$900,495 $663 84 46
$890,000 $616 84 62
1.18% 7.64% 0.00% -25.81%
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$3,212,500 $1,128 74 64
$2,759,535 $1,083 75 57
16.41% 4.18% -1.33% 12.28%
$1,262,500 $641 20 26
$895,000 $668 21 47
41.06% -4.03% -4.76% -44.68%
PALMS :: MAR VISTA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2017
PACIFIC PALISADES Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2017
MARINA DEL REY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$1,525,000 $850 87 30
$1,419,500 $804 94 52
7.43% 5.72% -7.45% -42.31%
$671,000 $593 38 25
$665,800 $531 35 41
0.78% 11.68% 8.57% -39.02%
“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 2017
deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: WESTSIDE AREA
PLAYA VISTA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q3 2017
Q3 2016
% CHANGE
Q2 2017
Q3 2016
% CHANGE
$2,187,500 $711 10 82
$1,900,000 $796 3 72
15.13% -10.72% 233.33% 13.89%
$1,070,000 $688 39 36
$835,500 $638 28 38
28.07% 7.80% 39.29% -5.26%
SANTA MONICA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q2 2017
Q3 2016
% CHANGE
$2,766,500 $1,221 60 43
$2,380,000 $1,111 61 52
16.24% 9.86% -1.64% -17.31%
$1,085,000 $939 124 30
$954,500 $834 120 47
13.67% 12.67% 3.33% -36.17%
VENICE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q2 2017
Q3 2016
% CHANGE
$2,115,000 $1,194 56 50
$1,877,908 $1,082 60 34
12.63% 10.35% -6.67% 47.06%
$1,212,000 $946 8 38
$1,304,500 $833 10 38
-7.09% 13.62% -20.00% 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 2017
deasypenner.com
pasadena + san gabriel valley area
NEIGHBORHOOD FOCUS Q3 2017 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
55
$690,000
$489
121
$1,315,000
$548
Altadena
97
$845,000
$524
Bradbury
7
$1,637,000
$584
59
$899,000
$594
140
$625,000
$383
94
$713,500
$627
104
$819,250
$557
La Cañada Flintridge
65
$1,690,000
$683
Monrovia
62
$742,980
$469
Mount Washington
37
$850,800
$646
Pasadena NE
122
$902,500
$539
Pasadena NW
44
$820,250
$586
Pasadena SE
65
$1,069,000
$623
Pasadena SW
30
$1,326,500
$643
Rosemead / South San Gabriel
61
$585,000
$450
San Gabriel
74
$799,000
$503
San Marino
38
$2,140,500
$866
Sierra Madre
27
$1,100,000
$523
South Pasadena
36
$1,486,250
$695
Sunland / Tujunga
108
$580,000
$427
TOTAL/AVERAGE
1,446
$1,030,311
$569
Alhambra Arcadia
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 2017
deasypenner.com
pasadena + san gabriel valley area
NEIGHBORHOOD FOCUS Q3 2017 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Alhambra
55
$521,000
$425
Arcadia
45
$628,000
$420
Altadena
1
$440,000
$529
Bradbury
NA
NA
NA
5
$490,000
$431
19
$490,000
$316
6
$408,619
$415
31
$550,000
$425
3
$1,005,000
$486
Monrovia
27
$465,000
$371
Mount Washington
NA
NA
NA
Pasadena NE
21
$510,000
$453
Pasadena NW
18
$675,000
$496
Pasadena SE
98
$583,500
$516
Pasadena SW
43
$725,000
$542
Rosemead / South San Gabriel
11
$460,000
$367
San Gabriel
22
$621,440
$407
San Marino
NA
NA
NA
2
$815,000
$453
South Pasadena
17
$795,000
$586
Sunland / Tujunga
17
$440,000
$352
TOTAL/AVERAGE
441
$624,856
$470
Eagle Rock Glendora Highland Park La Crescenta / Glendale La Cañada Flintridge
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.
The Market Report :: Q3 2017
deasypenner.com
pasadena + san gabriel valley area
AVERAGE DAYS ON MARKET
Q3 2017 CONDOMINIUM HOMES 120
37
38
34
Sunland / Tujunga
24
San Marino
Pasadena SW
Pasadena SE
26
Sierra Madre
32
Rosemead / South San Gabriel
33
Pasadena NE
La Crescenta / Glendale
Highland Park
Glendora
Eagle Rock
Bradbury
Altadena
Arcadia
Alhambra
La Cañada Flintridge
27
24
41
Mount Washington
35
Monrovia
32
San Gabriel
48 34
56
South Pasadena
51
Pasadena NW
50
“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 2017
deasypenner.com
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 :: Q3 2017
View more on our blog
HomeAsArt.com
deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
ALHAMBRA
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$690,000 $489 55 27
$628,250 $435 68 48
9.83% 12.40% -19.12% -43.75%
$521,000 $425 55 24
$488,000 $364 43 57
6.76% 16.78% 27.91% -57.89%
ARCADIA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$1,315,000 $548 121 44
$1,287,400 $540 127 59
2.14% 1.36% -4.72% -25.42%
$628,000 $420 45 32
$615,000 $412 63 72
2.11% 2.13% -28.57% -55.56%
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q2 2017
Q3 2016
% CHANGE
Q2 2017
Q3 2016
% CHANGE
$845,000 $524 97 36
$739,500 $468 120 52
14.27% 12.11% -19.17% -30.77%
$440,000 $529 1 50
NA NA NA NA
NA NA NA NA
BRADBURY
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$1,637,000 $584 7 81
$1,221,500 $596 4 38
34.02% -1.98% 75.00% 113.16%
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
Q3 2017
ALTADENA
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$899,000 $594 59 43
$749,000 $567 53 43
20.03% 4.69% 11.32% 0.00%
$490,000 $431 5 120
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.
The Market Report :: Q3 2017
deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
GLENDORA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$625,000 $383 140 40
$595,000 $375 133 58
5.04% 1.94% 5.26% -31.03%
$490,000 $316 19 34
$465,250 $288 22 65
5.32% 9.55% -13.64% -47.69%
HIGHLAND PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$713,500 $627 94 36
$676,500 $554 68 45
5.47% 13.04% 38.24% -20.00%
$408,619 $415 6 48
$348,000 $438 9 27
17.42% -5.37% -33.33% 77.78%
CONDO
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$819,250 $557 104 40
$800,320 $506 117 48
2.37% 10.14% -11.11% -16.67%
$550,000 $425 31 35
$530,000 $399 34 48
3.77% 6.47% -8.82% -27.08%
SFR
CONDO
Q3 2017
Q2 2016
% CHANGE
Q3 2017
Q2 2016
% CHANGE
$1,690,000 $683 65 56
$1,594,500 $613 69 43
5.99% 11.47% -5.80% 30.23%
$1,005,000 $486 3 27
$842,000 $404 1 0
19.36% 20.33% 200.00% 0.00%
MONROVIA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q3 2017
LA CAÑADA FLINTRIDGE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2017
LA CRESCENTA :: GLENDALE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$742,980 $469 62 25
$636,500 $436 66 35
16.73% 7.46% -6.06% -28.57%
$465,000 $371 27 33
$425,000 $350 14 35
9.41% 6.09% 92.86% -5.71%
“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 2017
deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
MOUNT WASHINGTON Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$850,800 $646 37 30
$710,000 $489 32 65
19.83% 32.12% 15.63% -53.85%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SFR Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$902,500 $539 122 40
$793,000 $499 138 46
13.81% 8.09% -11.59% -13.04%
$510,000 $453 21 32
$546,000 $411 21 41
-6.59% 10.19% 0.00% -21.95%
SFR Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$820,250 $586 44 40
$839,900 $546 51 44
-2.34% 7.20% -13.73% -9.09%
$675,000 $496 18 41
$455,000 $384 3 87
48.35% 29.17% 500.00% -52.87%
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$1,069,000 $623 65 46
$858,000 $581 55 45
24.59% 7.26% 18.18% 2.22%
$583,500 $516 98 51
$526,500 $462 102 44
10.83% 11.78% -3.92% 15.91%
PASADENA SW Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2017
PASADENA SE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2017
PASADENA NW Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2017
PASADENA NE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$1,326,500 $643 30 55
$1,382,500 $667 28 59
-4.05% -3.61% 7.14% -6.78%
$725,000 $542 43 56
$770,000 $496 39 46
-5.84% 9.30% 10.26% 21.74%
“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 :: Q3 2017
deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
ROSEMEAD :: S. SAN GABRIEL Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$585,000 $450 61 30
$532,500 $410 58 54
9.86% 9.84% 5.17% -44.44%
$460,000 $367 11 26
$459,000 $291 8 36
0.22% 25.94% 37.50% -27.78%
SFR Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$799,000 $503 74 33
$684,500 $481 67 50
16.73% 4.66% 10.45% -34.00%
$621,440 $407 22 38
$502,000 $375 17 57
23.79% 8.60% 29.41% -33.33%
SFR Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$2,140,500 $866 38 40
$2,075,000 $851 38 50
3.16% 1.83% 0.00% -20.00%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$1,100,000 $523 27 37
$1,006,000 $542 29 50
9.34% -3.54% -6.90% -26.00%
$815,000 $453 2 24
$580,000 $443 6 55
40.52% 2.26% -66.67% -56.36%
S. PASADENA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2017
SIERRA MADRE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2017
SAN MARINO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2017
SAN GABRIEL Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$1,486,250 $695 36 32
$1,200,000 $630 43 31
23.85% 10.46% -16.28% 3.23%
$795,000 $586 17 37
$555,000 $508 17 43
43.24% 15.32% 0.00% -13.95%
“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 2017
deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
SUNLAND :: TUJUNGA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$580,000 $427 108 40
$555,000 $390 123 51
4.50% 9.37% -12.20% -21.57%
$440,000 $352 17 34
$387,000 $314 13 44
13.70% 12.21% 30.77% -22.73%
“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 2017
deasypenner.com
coachella valley area
NEIGHBORHOOD FOCUS Q3 2017
SINGLE FAMILY HOMES
NEIGHBORHOOD
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Cathedral City North
104
$301,000
$168
Cathedral City South
63
$335,000
$167
Indian Wells
46
$699,500
$281
La Quinta No of HWY 111
42
$368,750
$177
La Quinta S.Of H
245
$493,800
$228
Palm Desert East
79
$355,000
$200
Palm Desert North
49
$387,000
$204
Palm Desert South
41
$540,000
$249
Palm Springs Central
57
$677,000
$396
Palm Springs North End
92
$470,500
$276
Palm Springs South End
83
$699,000
$326
130
$576,250
$238
1,031
$491,900
$242
Rancho Mirage 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 2017
deasypenner.com
coachella valley area
MEDIAN PRICE
Q3 2017 — Q3 2016 SINGLE FAMILY HOMES $800K
2016
2017
$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 :: Q3 2017
deasypenner.com
coachella valley area
NEIGHBORHOOD FOCUS Q3 2017
CONDOMINIUM HOMES
NEIGHBORHOOD
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Cathedral City North
23
$134,900
$122
Cathedral City South
28
$146,750
$122
Indian Wells
16
$372,500
$196
7
$205,000
$207
La Quinta S.Of H
45
$335,000
$186
Palm Desert East
102
$255,000
$177
Palm Desert North
57
$255,000
$181
Palm Desert South
50
$265,000
$193
Palm Springs Central
71
$203,000
$199
Palm Springs North End
55
$115,000
$178
Palm Springs South End
138
$229,000
$199
86
$284,995
$163
678
$233,429
$177
La Quinta No of HWY 111
Rancho Mirage 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 2017
deasypenner.com
neighborhood spotlight
PALM SPRINGS Home to one of the largest concentrations of midcentury modern architecture in the U.S., Palm Springs
Palm Springs Architectural History, $1.75M
is a haven for design buffs, heat seekers, and the LGBT
As one of the architects whose work would
community. From stylish boutique hotels and high-end
define the look of Palm Springs architecture,
vintage shopping to the annual Modernism Week, the
the role of Donald Wexler (1926-2015) in
desert city is practically a living museum of twentieth
bringing Mid-century Modernism to the desert cannot be underestimated.
century architecture. You’ll find homes by Richard Neutra, William F. Cody, Albert Frey, A. Quincy Jones, 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
HomeAsArt.com The Market Report :: Q3 2017
deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: COACHELLA VALLEY AREA
CATHEDRAL CITY NORTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$301,000 $168 104 62
$274,000 $157 110 90
9.85% 7.21% -5.45% -31.11%
$134,900 $122 23 105
$120,000 $110 21 162
12.42% 10.96% 9.52% -35.19%
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$335,000 $167 63 101
$300,000 $177 49 86
11.67% -5.49% 28.57% 17.44%
$146,750 $122 28 105
$161,500 $124 17 103
-9.13% -1.15% 64.71% 1.94%
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$699,500 $281 46 102
$800,000 $293 40 134
-12.56% -4.32% 15.00% -23.88%
$372,500 $196 16 117
$318,400 $172 7 106
16.99% 14.26% 128.57% 10.38%
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$368,750 $177 42 86
$362,500 $169 58 95
1.72% 4.46% -27.59% -9.47%
$205,000 $207 7 139
$198,000 $185 8 138
3.54% 11.61% -12.50% 0.72%
LA QUINTA S. OF H Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2016
LA QUINTA NO OF HWY 111 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q3 2017
INDIAN WELLS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2017
CATHEDRAL CITY SOUTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$493,800 $228 245 117
$452,500 $224 214 125
9.13% 1.87% 14.49% -6.40%
$335,000 $186 45 100
$330,000 $181 55 143
1.52% 3.06% -18.18% -30.07%
“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 2017
deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: COACHELLA VALLEY AREA
PALM DESERT EAST Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$355,000 $200 79 118
$341,000 $192 71 140
4.11% 4.19% 11.27% -15.71%
$255,000 $177 102 126
$246,500 $164 99 131
3.45% 7.58% 3.03% -3.82%
PALM DESERT NORTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$387,000 $204 49 98
$376,500 $186 54 117
2.79% 9.53% -9.26% -16.24%
$255,000 $181 57 127
$228,465 $158 49 101
11.61% 14.85% 16.33% 25.74%
SFR Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$540,000 $249 41 114
$500,000 $263 43 129
8.00% -5.12% -4.65% -11.63%
$265,000 $193 50 105
$219,500 $175 39 138
20.73% 9.86% 28.21% -23.91%
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$677,000 $396 57 91
$635,000 $350 77 110
6.61% 13.37% -25.97% -17.27%
$203,000 $199 71 115
$235,000 $206 67 96
-13.62% -3.61% 5.97% 19.79%
PALM SPRINGS NORTH END Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2017
PALM SPRINGS CENTRAL Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2017
PALM DESERT SOUTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$470,500 $276 92 78
$382,000 $236 103 87
23.17% 16.66% -10.68% -10.34%
$115,000 $178 55 91
$123,000 $172 40 79
-6.50% 3.31% 37.50% 15.19%
“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 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
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$699,000 $326 83 107
$634,000 $313 90 105
10.25% 4.19% -7.78% 1.90%
$229,000 $199 138 91
$215,000 $179 122 127
6.51% 11.61% 13.11% -28.35%
RANCHO MIRAGE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q3 2017
Q3 2016
% CHANGE
Q3 2017
Q3 2016
% CHANGE
$576,250 $238 130 126
$535,500 $229 112 133
7.61% 3.65% 16.07% -5.26%
$284,995 $163 86 107
$245,000 $150 71 137
16.32% 9.07% 21.13% -21.90%
“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.
The Market Report :: Q3 2017
deasypenner.com
WHAT’S NEW ON HOMEASART.COM
An Architectural View Of The Greystone Mansion This Beverly Hills estate, also known as the Doheny Mansion, was designed by Architect Gordon Kaufmann in 1928. The estate was a gift from oil tycoon Edward L. Doheny to his son, Edward “Ned” Doheny Jr., and his family. Department of Community Services – Recreation and Parks Division.
We share our passion for design on our blog
HomeAsArt.com Photography by Justin Juarez
The Market Report :: Q3 2017
Photography by Justin Juarez
deasypenner.com
The Art & Design of the HollyHock House
A Look at the Hammer Museum in Westwood
This week, we tour Frank Lloyd
Completed in 1931 by Allison &
Wright’s Hollyhock House – the
Allison, the Edison Building was one
first house he designed in Los
of the first all-electrically heated and
Angeles. Built in the early 1920’s for
cooled buildings constructed in the
bohemian oil heiress Aline Barnsdall,
western United States. Located on
this stunning house reopened to
the corner of 5th Street and Grand
the public in 2015 after a five-year
Avenue in Downtown LA’s Financial
restoration.
District, the fourteen-story, steelframed building follows a classically inspired Art Deco design.
Photography by Justin Juarez
The Market Report :: Q3 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