deasy/penner home as art.®
Q3 2018
MARKET REPORT
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YOUR GUIDE TO MARKET PERFORMANCE & ANALYSIS
la county :: market snapshot SINGLE FAMILY HOMES
CONDOMINIUM HOMES
Data*
Q3 2018
Q3 2017
% Change
Median Price
$670,000
$639,000
$490
Properties Sold Days on Market
Avg. Price / Sq. Ft.
Data*
Q3 2018
Q3 2017
% Change
4.85%
Median Price
$518,000
$474,900
9.08%
$460
6.49%
Avg. Price / Sq. Ft.
$481
$442
8.90%
12,379
13,800
-10.30%
Properties Sold
4,434
5,111
-13.25%
40
40
0.00%
Days on Market
36
39
-7.69%
MEDIAN PRICE
MEDIAN PRICE
$670,000
$518,000
vs Q3 2017
+5%
$639,000
DAYS ON THE MARKET
+9%
$474,900
PROPERTIES SOLD
40
40
Q3 2018
Q3 2017
DAYS
vs Q3 2017
4,434
5,111
Q3 2018
Q3 2017
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 2018
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EXPLORE YOUR NEIGHBORHOOD
los angeles area NEIGHBORHOOD FOCUS Q3 2018 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
MED. SALE PRICE
AVG. $ / SQ. FT.
Baldwin Hills
NA
NA
NA
Beverly Hills
35
$6,006,000
$1,446
Beverly Hills PO
41
$2,900,000
$959
Beverlywood
50
$1,547,500
$813
Beverly Center - Miracle
50
$1,707,500
$840
Brentwood
77
$2,910,000
$1,125
Cheviot Hills - Rancho Park
29
$2,200,000
$841
Culver City
68
$1,290,125
$930
Downtown LA
21
$380,000
$390
Hancock Park - Wilshire
68
$1,868,000
$830
Hollywood
24
$1,094,500
$715
Hollywood Hills East
38
$1,428,000
$713
Ladera Heights
5
$1,410,000
$503
Leimert Park
1
$730,000
$464
Los Feliz
41
$1,850,000
$855
Mid - Los Angeles
87
$869,700
$573
Silver Lake - Echo Park
94
$1,040,890
$755
Studio City
94
$1,549,500
$724
108
$2,000,000
$919
8
$1,096,500
$487
Westwood - Century City
33
$2,100,000
$973
West Hollywood
29
$1,800,000
$972
West LA
31
$1,483,000
$884
1,032
$1,784,601
$805
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 2018
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los angeles area MEDIAN PRICE
Q3 2018 — Q3 2017 SINGLE FAMILY HOMES $7M
2018 2017
$5.25M
$3.5M
$1.75M
West LA
West Hollywood
Westwood - Century City
View Park
Sunset Strip - HH West
Studio City
Silver Lake - Echo Park
Mid - Los Angeles
Los Feliz
Leimert Park
Ladera Heights
Hollywood Hills East
Hollywood
Hancock Park - Wilshire
Downtown LA
Culver City
Cheviot Hills - Rancho Park
Brentwood
Beverly Center - Miracle
Beverlywood
Beverly Hills PO
Beverly Hills
Baldwin Hills
0
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q3 2018
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los angeles area NEIGHBORHOOD FOCUS Q3 2018 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
MED. SALE PRICE
AVG. $ / SQ. FT.
Baldwin Hills
NA
NA
NA
Beverly Hills
22
$1,288,000
$867
Beverly Hills PO
NA
NA
NA
Beverlywood
12
$715,000
$639
Beverly Center - Miracle
24
$842,500
$725
Brentwood
56
$1,054,250
$688
Cheviot Hills - Rancho Park
NA
NA
NA
Culver City
51
$615,000
$586
108
$678,750
$688
Hancock Park - Wilshire
40
$677,000
$561
Hollywood
30
$662,000
$603
Hollywood Hills East
13
$552,000
$538
7
$566,000
$420
Leimert Park
NA
NA
NA
Los Feliz
11
$600,000
$603
3
$741,000
$454
Silver Lake - Echo Park
21
$755,000
$559
Studio City
44
$700,000
$492
Sunset Strip - HH West
23
$630,000
$761
View Park
NA
NA
NA
129
$927,500
$728
West Hollywood
99
$800,000
$738
West LA
42
$862,500
$661
735
$759,250
$628
Downtown LA
Ladera Heights
Mid - Los Angeles
Westwood - Century City
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 2018
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The Market Report :: Q3 2018
West LA
West Hollywood
Westwood - Century City
View Park
Sunset Strip - HH West
Studio City
Silver Lake - Echo Park
Mid - Los Angeles
Los Feliz
Leimert Park
Ladera Heights
Hollywood Hills East
Hollywood
Hancock Park - Wilshire
Downtown LA
Culver City
Cheviot Hills - Rancho Park
Brentwood
Beverly Center - Miracle
Beverlywood
Beverly Hills PO
Beverly Hills
Baldwin Hills
los angeles area
MEDIAN PRICE
Q3 2018 CONDOMINIUM HOMES
$1.3M
2018
$975K
$650K
$325K
0
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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neighborhood spotlight
CULVER CITY Art galleries? Check. Walkable downtown area? Yup. Happening dining and bar scene? Oh yeah. Centrally located, family-friendly, and ethnically diverse, Culver City is one of L.A.’s most in-demand neighborhoods. Since the 1920s, the area has been a center for film and TV production (Sony Pictures Entertainment, Culver
A 1958 Midcentury Classic By Ray Kappe Lists SCI-Arc founder Ray Kappe’s debut commission has landed on the market for the first time in a decade. The Waymire Residence was built in Los Angeles in 1958 and is set over 1,906 sq ft. Its pitched floor-to-ceiling windows offer a...
Studios, and the NFL Network are headquartered here) and was home to the Hughes Aircraft Company for 50plus years. Grab a Speakeasy-era cocktail at the historic Culver Hotel, shop for midcentury furnishings at H.D. Buttercup, and sample architecturally inspired desserts at Coolhaus. Nature lovers will appreciate the 13 public parks and Ballona Creek bicycle path. Design highlights include Eric Owen Moss’ Samitaur Tower, Arcana Books, designed by Johnston Marklee, and the offices of Clive
View more on our blog
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Wilkinson Architects in the Arts District.
The Market Report :: Q3 2018
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
BALDWIN HILLS
SFR
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
NA NA NA NA
NA NA NA NA
NA NA NA NA
NA NA NA NA
NA NA NA NA
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 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$6,006,000 $1,446 35 69
$4,800,000 $1,457 33 65
25.13% -0.75% 6.06% 6.15%
$1,288,000 $867 22 44
$1,267,000 $728 32 64
1.66% 19.19% -31.25% -31.25%
SFR Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$2,900,000 $959 41 88
$2,800,000 $873 47 94
3.57% 9.82% -12.77% -6.38%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$1,547,500 $813 50 44
$1,200,000 $767 37 29
28.96% 5.92% 35.14% 51.72%
$715,000 $639 12 41
$687,000 $594 9 44
4.08% 7.65% 33.33% -6.82%
BEVERLY CENTER :: MIRACLE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2018
BEVERLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2018
BEVERLY HILLS PO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$1,707,500 $840 50 54
$1,580,000 $785 56 47
8.07% 7.09% -10.71% 14.89%
$842,500 $725 24 38
$730,018 $642 31 53
15.41% 12.92% -22.58% -28.30%
“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 2018
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
BRENTWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$2,910,000 $1,125 77 62
$2,827,500 $1,084 72 63
2.92% 3.78% 6.94% -1.59%
$1,054,250 $688 56 42
$907,500 $655 54 39
16.17% 5.03% 3.70% 7.69%
CHEVIOT HILLS :: RANCHO PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$2,200,000 $841 29 36
$1,800,875 $911 22 36
22.16% -7.75% 31.82% 0.00%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$1,290,125 $930 68 32
$1,200,250 $849 72 29
7.49% 9.44% -5.56% 10.34%
$615,000 $586 51 24
$575,000 $545 57 30
6.96% 7.57% -10.53% -20.00%
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$380,000 $390 21 31
$350,000 $371 25 83
8.57% 5.12% -16.00% -62.65%
$678,750 $688 108 62
$620,000 $678 135 60
9.48% 1.54% -20.00% 3.33%
HANCOCK PARK :: WILSHIRE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2017
DOWNTOWN LA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q3 2018
CULVER CITY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$1,868,000 $830 68 39
$1,656,968 $723 78 58
12.74% 14.71% -12.82% -32.76%
$677,000 $561 40 36
$675,000 $513 46 55
0.30% 9.30% -13.04% -34.55%
“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 2018
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
HOLLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$1,094,500 $715 24 44
$999,000 $660 29 55
9.56% 8.28% -17.24% -20.00%
$662,000 $603 30 48
$700,000 $550 27 61
-5.43% 9.60% 11.11% -21.31%
HOLLYWOOD HILLS EAST Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$1,428,000 $713 38 51
$1,512,666 $664 44 69
-5.60% 7.27% -13.64% -26.09%
$552,000 $538 13 36
$525,500 $480 14 58
5.04% 12.16% -7.14% -37.93%
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$1,410,000 $503 5 34
$1,065,000 $426 19 56
32.39% 18.13% -73.68% -39.29%
$566,000 $420 7 40
$554,450 $390 2 29
2.08% 7.65% 250.00% 37.93%
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$730,000 $464 1 17
$745,000 $425 3 19
-2.01% 9.20% -66.67% -10.53%
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 2017
LEIMERT PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q3 2018
LADERA HEIGHTS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$1,850,000 $855 41 41
$1,787,500 $730 54 54
3.50% 17.07% -24.07% -24.07%
$600,000 $603 11 44
$595,000 $603 8 79
0.84% 0.00% 37.50% -44.30%
“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 2018
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
MID LOS ANGELES Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$869,700 $573 87 29
$752,396 $481 106 37
15.59% 19.06% -17.92% -21.62%
$741,000 $454 3 13
$545,000 $323 6 30
35.96% 40.60% -50.00% -56.67%
SILVER LAKE :: ECHO PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$1,040,890 $755 94 41
$1,035,000 $721 109 40
0.57% 4.83% -13.76% 2.50%
$755,000 $559 21 29
$805,000 $525 20 45
-6.21% 6.58% 5.00% -35.56%
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$1,549,500 $724 94 55
$1,306,250 $612 90 54
18.62% 18.40% 4.44% 1.85%
$700,000 $492 44 38
$662,500 $484 80 41
5.66% 1.59% -45.00% -7.32%
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$2,000,000 $919 108 74
$1,749,000 $852 118 63
14.35% 7.87% -8.47% 17.46%
$630,000 $761 23 42
$559,000 $695 27 42
12.70% 9.46% -14.81% 0.00%
VIEW PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2017
SUNSET STRIP :: HH WEST Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q3 2018
STUDIO CITY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$1,096,500 $487 8 40
$815,000 $440 6 26
34.54% 10.64% 33.33% 53.85%
NA NA NA NA
$420,000 $424 1 6
NA NA NA NA
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
WESTWOOD :: CENTURY CITY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$2,100,000 $973 33 39
$2,039,998 $909 35 49
2.94% 7.10% -5.71% -20.41%
$927,500 $728 129 44
$883,000 $667 132 52
5.04% 9.03% -2.27% -15.38%
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$1,800,000 $972 29 34
$1,935,000 $1,123 37 52
-6.98% -13.50% -21.62% -34.62%
$800,000 $738 99 41
$717,000 $673 103 49
11.58% 9.55% -3.88% -16.33%
WEST LA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2018
WEST HOLLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$1,483,000 $884 31 31
$1,229,000 $815 41 35
20.67% 8.45% -24.39% -11.43%
$862,500 $661 42 32
$820,000 $612 49 33
5.18% 8.13% -14.29% -3.03%
“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 2018
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westside la area
NEIGHBORHOOD FOCUS Q3 2018 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Malibu Beach
13
$4,380,000
$1,938
Malibu
50
$2,555,000
$1,124
Marina Del Rey
18
$1,410,000
$978
Pacific Palisades
53
$3,003,000
$1,190
Palms - Mar Vista
79
$1,656,000
$893
4
$2,240,000
$795
Santa Monica
50
$2,872,500
$1,304
Venice
53
$2,200,000
$1,428
320
$2,539,563
$1,206
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 2018
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westside la area
DAYS ON MARKET Q3 2018
SINGLE FAMILY HOMES
152 87 Malibu
Malibu Beach
61 Venice
50 34 33
13 Playa Vista
Marina Del Rey
Palms - Mar Vista
Santa Monica
Pacific Palisades
45
“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 2018
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westside la area
NEIGHBORHOOD FOCUS Q3 2018 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Malibu Beach
6
$1,242,500
$1,563
Malibu
9
$1,215,000
$811
Marina Del Rey
80
$1,077,000
$729
Pacific Palisades
14
$1,217,500
$729
Palms - Mar Vista
26
$772,500
$653
Playa Vista
32
$1,058,500
$726
Santa Monica
93
$1,175,000
$951
8
$1,847,000
$1,051
268
$1,200,625
$902
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.
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neighborhood spotlight
VENICE Originally founded in 1905 as a seaside resort town, and later known as “Bohemia-by-the-Beach,” Venice
The Quaintest Cottage in Venice, $2.5M
is eclectic, design-oriented, and artsy. It’s easily the
Where: 1215 Cabrillo Avenue, Venice
Westside’s hottest neighborhood, with Abbot Kinney
Asking: $2.425M
Boulevard (named for the city’s founder) acting as its
What: A beautifully updated blast from the
downtown. Try Gjelina’s fennel salami pizza, organic gelato at N’ice Cream, and the croque madame at The Tasting Kitchen and thank us later. Shop for modern
past, this 2-bed, 2-bath Venice cottage is the stuff of dreams in a compact space. Organization is critical in small spaces– the wall of books and media equipment is a good way to organize potential visual clutter.
jewelry at Alexis Bittar, find cult skincare products at Aesop, and witness the thriving art scene during the Venice Art Crawl. On the home front, you’ll find cozy bungalows and cottages alongside modern masterpieces from Brian Murphy, David Hertz, Glen Irani, Marmol Radziner, and Frank Gehry (and don’t miss the idyllic canals). Property values continue to increase thanks to the presence of tech companies like Google Inc., which moved into Gehry’s famed Binoculars Building back in 2011.
The Market Report :: Q3 2018
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MARKET PERFORMANCE BY NEIGHBORHOOD :: WESTSIDE AREA
MALIBU BEACH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$4,380,000 $1,938 13 152
$7,500,000 $2,599 12 178
-41.60% -25.45% 8.33% -14.61%
$1,242,500 $1,563 6 94
$742,500 $1,346 4 171
67.34% 16.12% 50.00% -45.03%
MALIBU Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$2,555,000 $1,124 50 87
$3,000,000 $1,026 58 150
-14.83% 9.57% -13.79% -42.00%
$1,215,000 $811 9 71
$710,000 $734 9 54
71.13% 10.45% 0.00% 31.48%
SFR Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$1,410,000 $978 18 33
$1,280,000 $804 27 49
10.16% 21.62% -33.33% -32.65%
$1,077,000 $729 80 31
$900,495 $663 84 46
19.60% 9.93% -4.76% -6.52%
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$3,003,000 $1,190 53 50
$3,212,500 $1,128 74 64
-6.52% 5.49% -28.38% -21.88%
$1,217,500 $729 14 48
$1,262,500 $641 20 26
-3.56% 13.83% -30.00% 84.62%
PALMS :: MAR VISTA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2018
PACIFIC PALISADES Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2018
MARINA DEL REY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$1,656,000 $893 79 34
$1,525,000 $850 87 30
8.59% 5.09% -9.20% 13.33%
$772,500 $653 26 25
$671,000 $593 38 25
15.13% 10.12% -31.58% 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.
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MARKET PERFORMANCE BY NEIGHBORHOOD :: WESTSIDE AREA
PLAYA VISTA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$2,240,000 $795 4 13
$2,187,500 $711 10 82
2.40% 11.90% -60.00% -84.15%
$1,058,500 $726 32 33
$1,070,000 $688 39 36
-1.07% 5.57% -17.95% -8.33%
SANTA MONICA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$2,872,500 $1,304 50 45
$2,766,500 $1,221 60 43
3.83% 6.82% -16.67% 4.65%
$1,175,000 $951 93 39
$1,085,000 $943 126 32
8.29% 0.83% -26.19% 21.88%
VENICE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$2,200,000 $1,428 53 61
$2,130,000 $1,192 57 34
3.29% 19.72% -7.02% 79.41%
$1,847,000 $1,051 8 66
$1,244,000 $944 9 61
48.47% 11.25% -11.11% 8.20%
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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pasadena + san gabriel valley area
NEIGHBORHOOD FOCUS Q3 2018 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
53
$766,650
$489
Arcadia
108
$1,265,000
$587
Altadena
101
$845,000
$543
Bradbury
8
$1,467,500
$661
40
$927,500
$669
124
$655,000
$396
93
$877,000
$657
103
$885,000
$565
La Cañada Flintridge
56
$1,772,500
$692
Monrovia
77
$800,000
$537
Mount Washington
39
$1,038,000
$696
Pasadena NE
114
$933,000
$582
Pasadena NW
41
$950,000
$602
Pasadena SE
39
$1,255,000
$630
Pasadena SW
33
$1,575,000
$700
Rosemead / South San Gabriel
34
$605,150
$474
San Gabriel
67
$848,000
$531
San Marino
38
$2,247,000
$857
Sierra Madre
32
$1,065,000
$601
South Pasadena
24
$1,459,170
$772
Sunland / Tujunga
117
$615,000
$475
TOTAL/AVERAGE
1,341
$1,088,165
$605
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.
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pasadena + san gabriel valley area
NEIGHBORHOOD FOCUS Q3 2018 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Alhambra
44
$557,944
$434
Arcadia
40
$704,950
$452
Altadena
2
$385,000
$582
Bradbury
NA
NA
NA
1
$390,000
$429
Glendora
29
$485,000
$340
Highland Park
14
$527,500
$502
La Crescenta / Glendale
13
$550,000
$452
La Cañada Flintridge
NA
NA
NA
Monrovia
26
$568,500
$409
Mount Washington
NA
NA
NA
Pasadena NE
17
$560,000
$462
Pasadena NW
6
$561,000
$450
Pasadena SE
87
$592,000
$537
Pasadena SW
34
$836,500
$585
7
$560,000
$342
San Gabriel
11
$631,000
$410
San Marino
NA
NA
NA
1
$1,020,000
$526
South Pasadena
11
$810,000
$589
Sunland / Tujunga
22
$475,000
$382
TOTAL/AVERAGE
365
$600,847
$464
Eagle Rock
Rosemead / South San Gabriel
Sierra Madre
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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pasadena + san gabriel valley area
AVERAGE DAYS ON MARKET
Q3 2018 CONDOMINIUM HOMES 211
25
26
San Marino
San Gabriel
Rosemead / South San Gabriel
Pasadena SW
Mount Washington
Monrovia
La Cañada Flintridge
La Crescenta / Glendale
Highland Park
Glendora
Eagle Rock
Bradbury
Altadena
16
24
35
Sunland / Tujunga
31
South Pasadena
27
43
Sierra Madre
32
Pasadena SE
30
48
30
Pasadena NW
46
Pasadena NE
35
Arcadia
Alhambra
24
41
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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neighborhood spotlight
ECHO PARK Once known for its gang activity (see Allison Anders’ La Vida Loca for a reminder), Echo Park is now a thriving,
Cheerful Craftsman bungalow asking $879K
ethnically diverse, and—gasp—hipster neighborhood
This apple-green Craftsman cottage in the
known more for its creative residents and hot restaurant
hills of Echo Park may be over a century old,
scene. Within Echo Park you’ll find more than 50
but it looks to have plenty of life left in it yet.
Victorian homes in picturesque Angelino Heights, Craftsman-style bungalows, Streamline Moderne,
Along with such original character details as hardwood floors, coffered ceilings, wainscoting, and glass doors, the light and bright...
and more than two dozen public stairways that allow you to traverse the hillside. Recently restored Echo Park Lake offers charming pedal boats, canoe rides, gondolas, home-made pastries and Intelligentsia coffee at Square One at the Boathouse (you’ll also see people practicing yoga, tai chi, and whatever else is trendy at the moment). Skewing younger and hipster, the eastside neighborhood is a hot spot thanks to the fried Brussels sprouts at Mohawk Bend, savory breakfast fare at Dinette, mini tacos at Guisados, and rocking shows at
View more on our blog
HomeAsArt.com
The Echo and Echoplex.
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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
ALHAMBRA
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$766,650 $489 53 32
$687,500 $489 56 27
11.51% 0.00% -5.36% 18.52%
$557,944 $434 44 24
$521,000 $425 55 24
7.09% 2.03% -20.00% 0.00%
ARCADIA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$1,265,000 $587 108 49
$1,317,500 $548 122 45
-3.98% 7.22% -11.48% 8.89%
$704,950 $452 40 35
$628,000 $420 45 32
12.25% 7.58% -11.11% 9.38%
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$845,000 $543 101 44
$840,000 $525 99 36
0.60% 3.57% 2.02% 22.22%
$385,000 $582 2 30
$440,000 $529 1 50
-12.50% 10.14% 100.00% -40.00%
BRADBURY
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$1,467,500 $661 8 84
$1,637,000 $584 7 81
-10.35% 13.13% 14.29% 3.70%
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 2018
ALTADENA
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$927,500 $669 40 23
$897,000 $593 60 43
3.40% 12.90% -33.33% -46.51%
$390,000 $429 1 211
$490,000 $431 5 120
-20.41% -0.62% -80.00% 75.83%
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
GLENDORA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$655,000 $396 124 35
$622,500 $384 140 39
5.22% 3.01% -11.43% -10.26%
$485,000 $340 29 41
$490,000 $316 19 34
-1.02% 7.70% 52.63% 20.59%
HIGHLAND PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$877,000 $657 93 35
$705,000 $625 95 36
24.40% 5.09% -2.11% -2.78%
$527,500 $502 14 46
$408,619 $415 6 48
29.09% 21.06% 133.33% -4.17%
CONDO
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$885,000 $565 103 34
$819,250 $557 104 40
8.03% 1.42% -0.96% -15.00%
$550,000 $452 13 30
$550,000 $425 31 35
0.00% 6.31% -58.06% -14.29%
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$1,772,500 $692 56 54
$1,650,000 $680 67 55
7.42% 1.77% -16.42% -1.82%
NA NA NA NA
$1,005,000 $486 3 27
NA NA NA NA
MONROVIA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q3 2018
LA CAÑADA FLINTRIDGE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2018
LA CRESCENTA :: GLENDALE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$800,000 $537 77 34
$725,960 $466 63 25
10.20% 15.15% 22.22% 36.00%
$568,500 $409 26 16
$465,000 $371 27 33
22.26% 10.22% -3.70% -51.52%
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
MOUNT WASHINGTON Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$1,038,000 $696 39 38
$850,800 $646 37 30
22.00% 7.72% 5.41% 26.67%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SFR Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$933,000 $582 114 35
$892,500 $542 124 40
4.54% 7.32% -8.06% -12.50%
$560,000 $462 17 32
$510,000 $453 21 32
9.80% 2.15% -19.05% 0.00%
SFR Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$950,000 $602 41 34
$820,250 $586 44 40
15.82% 2.81% -6.82% -15.00%
$561,000 $450 6 27
$675,000 $496 18 41
-16.89% -9.28% -66.67% -34.15%
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$1,255,000 $630 39 55
$1,069,000 $623 65 46
17.40% 1.09% -40.00% 19.57%
$592,000 $537 87 31
$583,500 $516 98 51
1.46% 4.15% -11.22% -39.22%
PASADENA SW Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2018
PASADENA SE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2018
PASADENA NW Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2018
PASADENA NE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$1,575,000 $700 33 70
$1,326,500 $643 30 55
18.73% 8.77% 10.00% 27.27%
$836,500 $585 34 48
$727,500 $549 44 65
14.98% 6.53% -22.73% -26.15%
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
ROSEMEAD :: S. SAN GABRIEL Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$605,150 $474 34 36
$580,000 $453 60 29
4.34% 4.65% -43.33% 24.14%
$560,000 $342 7 25
$460,000 $367 11 26
21.74% -6.76% -36.36% -3.85%
SFR Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$848,000 $531 67 27
$799,000 $503 74 33
6.13% 5.49% -9.46% -18.18%
$631,000 $410 11 43
$621,440 $407 22 38
1.54% 0.78% -50.00% 13.16%
SFR Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$2,247,000 $857 38 65
$2,140,500 $866 38 40
4.98% -1.10% 0.00% 62.50%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$1,065,000 $601 32 43
$1,100,000 $523 27 37
-3.18% 14.98% 18.52% 16.22%
$1,020,000 $526 1 26
$815,000 $453 2 24
25.15% 16.05% -50.00% 8.33%
S. PASADENA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2018
SIERRA MADRE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2018
SAN MARINO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2018
SAN GABRIEL Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$1,459,170 $772 24 33
$1,486,250 $695 36 32
-1.82% 10.96% -33.33% 3.13%
$810,000 $589 11 24
$795,000 $586 17 37
1.89% 0.53% -35.29% -35.14%
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
SUNLAND :: TUJUNGA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$615,000 $475 117 45
$580,000 $426 110 42
6.03% 11.57% 6.36% 7.14%
$475,000 $382 22 35
$435,000 $353 18 35
9.20% 8.25% 22.22% 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.
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coachella valley area
NEIGHBORHOOD FOCUS Q3 2018
SINGLE FAMILY HOMES
NEIGHBORHOOD
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Cathedral City North
107
$315,000
$182
Cathedral City South
41
$359,000
$232
Indian Wells
36
$822,000
$291
La Quinta No of HWY 111
44
$389,200
$188
La Quinta S.Of H
237
$530,000
$241
Palm Desert East
78
$397,750
$202
Palm Desert North
67
$399,000
$210
Palm Desert South
55
$620,000
$277
Palm Springs Central
67
$689,000
$392
Palm Springs North End
102
$477,000
$280
Palm Springs South End
81
$670,000
$349
122
$674,750
$241
1,037
$528,558
$257
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.
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coachella valley area
MEDIAN PRICE
Q3 2018 — Q3 2017 SINGLE FAMILY HOMES 2017
2018
$900K
$675K
$450K
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
$225K
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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coachella valley area
NEIGHBORHOOD FOCUS Q3 2018
CONDOMINIUM HOMES
NEIGHBORHOOD
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Cathedral City North
25
$132,002
$129
Cathedral City South
38
$180,000
$134
Indian Wells
21
$326,000
$219
9
$205,000
$219
La Quinta S.Of H
55
$360,000
$194
Palm Desert East
92
$255,000
$177
Palm Desert North
78
$296,500
$197
Palm Desert South
57
$262,000
$199
Palm Springs Central
79
$229,000
$218
Palm Springs North End
46
$129,000
$213
Palm Springs South End
137
$262,990
$205
93
$342,500
$184
730
$248,333
$191
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.
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neighborhood spotlight
PALM SPRINGS Home to one of the largest concentrations of midcentury modern architecture in the U.S., Palm Springs
Riding a New Wave out of the Desert
is a haven for design buffs, heat seekers, and the LGBT
Gerald Casale, the singer-songwriter and multi-
community. From stylish boutique hotels and high-end
instrumentalist who founded the new wave
vintage shopping to the annual Modernism Week, the
band Devo, has sold his place in Palm Desert
desert city is practically a living museum of twentieth century architecture. You’ll find homes by Richard Neutra, William F. Cody, Albert Frey, A. Quincy Jones,
for $950,000. Designed and built by architectdeveloper duo Ross Patton and Albert Wild, the Midcentury Modern-style home originally hit the market last year at just under $1.5 million. More recently, it had been listed for $949,000.
Donald Wexler, and Paul R. Williams, among others that celebrate a more glamorous era. Score colorful frocks at Trina Turk (the L.A. designer lives here part-time), channel the Rat Pack at Melvyn’s, and view some hidden gems with Palm Springs Modern Architecture Tours. If you’re not afraid of heights, take the Aerial Tramway 8,500-feet up the sheer cliffs of Chino Canyon for stunning views (its Valley Station was designed by Frey). View more on our blog
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MARKET PERFORMANCE BY NEIGHBORHOOD :: COACHELLA VALLEY AREA
CATHEDRAL CITY NORTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$315,000 $182 107 61
$300,000 $167 107 61
5.00% 8.83% 0.00% 0.00%
$132,002 $129 25 109
$134,900 $122 23 105
-2.15% 5.71% 8.70% 3.81%
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$359,000 $232 41 58
$333,000 $188 63 101
7.81% 23.33% -34.92% -42.57%
$180,000 $134 38 83
$146,750 $122 28 105
22.66% 9.52% 35.71% -20.95%
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$822,000 $291 36 109
$699,500 $281 46 102
17.51% 3.71% -21.74% 6.86%
$326,000 $219 21 98
$372,500 $196 16 117
-12.48% 11.26% 31.25% -16.24%
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$389,200 $188 44 64
$368,750 $177 44 86
5.55% 6.10% 0.00% -25.58%
$205,000 $219 9 92
$207,500 $203 8 132
-1.20% 7.77% 12.50% -30.30%
LA QUINTA S. OF H Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2017
LA QUINTA NO OF HWY 111 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q3 2018
INDIAN WELLS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2018
CATHEDRAL CITY SOUTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$530,000 $241 237 110
$491,900 $227 248 117
7.75% 6.06% -4.44% -5.98%
$360,000 $194 55 100
$335,000 $186 45 100
7.46% 4.23% 22.22% 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.
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MARKET PERFORMANCE BY NEIGHBORHOOD :: COACHELLA VALLEY AREA
PALM DESERT EAST Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$397,750 $202 78 83
$360,000 $200 80 118
10.49% 0.99% -2.50% -29.66%
$255,000 $177 92 87
$255,000 $177 104 125
0.00% 0.00% -11.54% -30.40%
PALM DESERT NORTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$399,000 $210 67 84
$387,000 $204 51 96
3.10% 3.08% 31.37% -12.50%
$296,500 $197 78 88
$255,000 $181 58 127
16.27% 8.86% 34.48% -30.71%
SFR Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$620,000 $277 55 116
$528,500 $246 42 115
17.31% 12.32% 30.95% 0.87%
$262,000 $199 57 99
$265,000 $193 50 104
-1.13% 3.10% 14.00% -4.81%
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$689,000 $392 67 82
$677,000 $396 57 91
1.77% -1.22% 17.54% -9.89%
$229,000 $218 79 71
$206,500 $198 72 114
10.90% 10.14% 9.72% -37.72%
PALM SPRINGS NORTH END Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2018
PALM SPRINGS CENTRAL Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q3 2018
PALM DESERT SOUTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$477,000 $280 102 78
$472,000 $275 93 76
1.06% 1.95% 9.68% 2.63%
$129,000 $213 46 56
$115,000 $178 57 91
12.17% 19.36% -19.30% -38.46%
“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 2018
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 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$670,000 $349 81 81
$700,000 $329 85 108
-4.29% 6.15% -4.71% -25.00%
$262,990 $205 137 81
$226,500 $198 140 92
16.11% 3.26% -2.14% -11.96%
RANCHO MIRAGE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q3 2018
Q3 2017
% CHANGE
Q3 2018
Q3 2017
% CHANGE
$674,750 $241 122 112
$577,500 $238 131 128
16.84% 1.07% -6.87% -12.50%
$342,500 $184 93 84
$284,990 $163 87 107
20.18% 13.18% 6.90% -21.50%
“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 2018
deasypenner.com
WHAT’S NEW ON HOMEASART.COM
Pasadena’s Podley Properties Bought By Deasy/Penner The local real estate industry is undergoing a remodel with the purchase of Pasadena-based Podley Properties by another local firm, deasy/penner. Podley Properties owner and founder Bill Podley said while he’s enjoyed building his company, the time has come to hand over the reins.
We share our passion for design on our blog
HomeAsArt.com Photography by Justin Juarez
The Market Report :: Q3 2018
deasypenner.com
The Art & Design of the Pacific Design Center
Help Save Historic Church Of The Epiphany
Standing tall, the imposing triad
Located in the Lincoln Heights
of structures known as the Pacific
neighborhood of Los Angeles, the
Design Center in West Hollywood
Church of the Epiphany is known
is an oasis of form and function.
as the city’s oldest sustaining
With a 1.6 million square foot
Episcopal congregation. The church
campus and over 100 boutique and
was originally designed in the
international showroom brands,
Romanesque Revival style and later
PDC is a haven for designers and
structures were added in a mix of
artists.
styles, including Gothic Revival and Mission Revival.
Photography by Justin Juarez
The Market Report :: Q3 2018
Photography by the National Trust for Historic Preservation
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