Q4 2018
MARKET REPORT
YOUR GUIDE TO MARKET PERFORMANCE & ANALYSIS
la county :: market snapshot SINGLE FAMILY HOMES
CONDOMINIUM HOMES
Data*
Q4 2018
Q4 2017
% Change
Median Price
$645,000
$620,000
$490
Properties Sold Days on Market
Avg. Price / Sq. Ft.
Data*
Q4 2018
Q4 2017
% Change
4.03%
Median Price
$510,500
$485,000
5.26%
$462
6.08%
Avg. Price / Sq. Ft.
$473
$452
4.62%
10,769
12,097
-10.98%
Properties Sold
3,513
4,473
-21.46%
46
43
6.98%
Days on Market
43
41
4.88%
MEDIAN PRICE
MEDIAN PRICE
$645,000
$510,500
vs Q4 2017
+4%
$620,000
DAYS ON THE MARKET
+5%
$485,000
PROPERTIES SOLD
46
43
Q4 2018
Q4 2017
DAYS
vs Q4 2017
3,513
4,473
Q4 2018
Q4 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 :: Q4 2018
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EXPLORE YOUR NEIGHBORHOOD
los angeles area NEIGHBORHOOD FOCUS Q4 2018 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
MED. SALE PRICE
AVG. $ / SQ. FT.
Baldwin Hills
1
$738,000
$637
Beverly Hills
25
$5,030,000
$1,351
Beverly Hills PO
32
$3,075,000
$943
Beverlywood
43
$1,450,000
$779
Beverly Center - Miracle
42
$1,757,500
$883
Brentwood
51
$3,100,000
$1,032
Cheviot Hills - Rancho Park
12
$2,723,750
$861
Culver City
64
$1,230,000
$837
Downtown LA
31
$385,000
$371
Hancock Park - Wilshire
85
$790,000
$641
Hollywood
21
$999,900
$732
Hollywood Hills East
39
$1,440,000
$737
Ladera Heights
13
$984,500
$516
1
$660,000
$440
Los Feliz
51
$1,686,000
$817
Mid - Los Angeles
85
$779,000
$548
Silver Lake - Echo Park
85
$1,101,500
$756
Studio City
67
$1,630,000
$689
Sunset Strip - HH West
78
$1,824,500
$843
4
$1,052,500
$464
Westwood - Century City
45
$2,110,000
$933
West Hollywood
23
$1,750,000
$1,162
West LA
28
$1,600,000
$855
926
$1,647,702
$775
Leimert Park
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 :: Q4 2018
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The Market Report :: Q4 2018
West LA
West Hollywood
$7M
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
Q4 2018 — Q4 2017 SINGLE FAMILY HOMES 2017 2018
$5.25M
$3.5M
$1.75M
0
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
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los angeles area NEIGHBORHOOD FOCUS Q4 2018 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
MED. SALE PRICE
AVG. $ / SQ. FT.
Baldwin Hills
NA
NA
NA
Beverly Hills
21
$1,305,000
$822
Beverly Hills PO
NA
NA
NA
Beverlywood
10
$765,000
$608
Beverly Center - Miracle
25
$738,500
$687
Brentwood
37
$1,023,750
$709
Cheviot Hills - Rancho Park
NA
NA
NA
Culver City
44
$593,500
$566
Downtown LA
83
$600,000
$669
Hancock Park - Wilshire
37
$750,000
$555
Hollywood
27
$670,000
$628
Hollywood Hills East
8
$575,000
$494
Ladera Heights
2
$582,500
$395
NA
NA
NA
Los Feliz
6
$702,500
$633
Mid - Los Angeles
4
$523,500
$389
Silver Lake - Echo Park
24
$650,500
$563
Studio City
40
$640,500
$487
Sunset Strip - HH West
24
$657,500
$708
View Park
NA
NA
NA
113
$1,025,000
$730
West Hollywood
75
$785,000
$726
West LA
36
$865,877
$637
616
$747,424
$611
Leimert Park
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 :: Q4 2018
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The Market Report :: Q4 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
Q4 2018 CONDOMINIUM HOMES
$1.4M
2018
$1.05K
$700K
$350K
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
BEVERLY-GROVE :: FAIRFAX VILLAGE The Fairfax District is a 1.23-square-mile neighborhood in the Central Los Angeles region of the city of Los Angeles, California. Historically, Fairfax has been a center of the Jewish community in Los Angeles. It is known for the Farmer’s Market, The Grove, CBS Television City broadcasting center, the Los Angeles
Updated Hillside Home in L.A. Lists For $5.12M Known as The Martin Residence, acclaimed architect Albert P. Martin originally designed this three-bedroom, three-bath home for his own family in 1952. The 3,515-square-foot home is remarkable for its refined midcentury...
Museum of the Holocaust in Pan Pacific Park, and Fairfax Avenue restaurants and shops.
View more on our blog
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The Market Report :: Q4 2018
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
BALDWIN HILLS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$738,000 $637 1 31
$869,444 $532 2 15
-15.12% 19.85% -50.00% 106.67%
NA NA NA NA
$550,000 $439 1 123
NA NA NA NA
BEVERLY HILLS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$5,030,000 $1,351 25 88
$6,137,500 $1,529 30 81
-18.04% -11.65% -16.67% 8.64%
$1,305,000 $822 21 57
$1,300,000 $752 33 50
0.38% 9.32% -36.36% 14.00%
SFR Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$3,075,000 $943 32 58
$3,405,000 $948 34 86
-9.69% -0.45% -5.88% -32.56%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$1,450,000 $779 43 51
$1,587,500 $808 36 36
-8.66% -3.52% 19.44% 41.67%
$765,000 $608 10 52
$780,000 $600 14 47
-1.92% 1.31% -28.57% 10.64%
BEVERLY CENTER :: MIRACLE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2018
BEVERLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2018
BEVERLY HILLS PO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$1,757,500 $883 42 45
$1,650,000 $863 43 38
6.52% 2.36% -2.33% 18.42%
$738,500 $687 25 48
$779,000 $603 29 50
-5.20% 14.00% -13.79% -4.00%
“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 :: LOS ANGELES AREA
BRENTWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$3,100,000 $1,032 51 68
$3,325,000 $1,099 61 48
-6.77% -6.06% -16.39% 41.67%
$1,023,750 $709 37 42
$883,000 $680 53 50
15.94% 4.26% -30.19% -16.00%
CHEVIOT HILLS :: RANCHO PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$2,723,750 $861 12 66
$1,950,000 $901 15 51
39.68% -4.43% -20.00% 29.41%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$1,230,000 $837 64 44
$1,164,500 $854 56 35
5.62% -2.03% 14.29% 25.71%
$593,500 $566 44 38
$575,000 $569 48 34
3.22% -0.55% -8.33% 11.76%
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$385,000 $371 31 35
$380,000 $304 31 75
1.32% 22.30% 0.00% -53.33%
$600,000 $669 83 60
$617,000 $666 107 57
-2.76% 0.35% -22.43% 5.26%
HANCOCK PARK :: WILSHIRE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2017
DOWNTOWN LA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q4 2018
CULVER CITY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$790,000 $641 85 38
$795,500 $613 56 45
-0.69% 4.64% 51.79% -15.56%
$750,000 $555 37 42
$623,000 $560 43 52
20.39% -0.89% -13.95% -19.23%
“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 :: Q4 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
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$999,900 $732 21 49
$1,050,000 $649 28 53
-4.77% 12.81% -25.00% -7.55%
$670,000 $628 27 64
$737,029 $575 30 62
-9.09% 9.33% -10.00% 3.23%
HOLLYWOOD HILLS EAST Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$1,440,000 $737 39 55
$1,500,000 $685 35 68
-4.00% 7.53% 11.43% -19.12%
$575,000 $494 8 73
$718,500 $506 6 28
-19.97% -2.46% 33.33% 160.71%
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$984,500 $516 13 42
$1,171,250 $447 18 64
-15.94% 15.50% -27.78% -34.38%
$582,500 $395 2 7
$550,175 $371 3 54
5.88% 6.65% -33.33% -87.04%
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$660,000 $440 1 33
$306,000 $287 1 3
115.69% 53.28% 0.00% 1000.00%
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
Q4 2017
LEIMERT PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q4 2018
LADERA HEIGHTS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$1,686,000 $817 51 44
$1,720,000 $809 47 42
-1.98% 0.96% 8.51% 4.76%
$702,500 $633 6 62
$657,750 $521 6 56
6.80% 21.43% 0.00% 10.71%
“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 :: Q4 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
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$779,000 $548 85 39
$710,000 $502 99 40
9.72% 9.02% -14.14% -2.50%
$523,500 $389 4 46
$539,900 $530 5 50
-3.04% -26.64% -20.00% -8.00%
SILVER LAKE :: ECHO PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$1,101,500 $756 85 43
$1,089,000 $745 93 37
1.15% 1.48% -8.60% 16.22%
$650,500 $563 24 51
$732,000 $578 14 35
-11.13% -2.64% 71.43% 45.71%
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$1,630,000 $689 67 55
$1,325,000 $664 88 53
23.02% 3.74% -23.86% 3.77%
$640,500 $487 40 37
$717,000 $469 56 45
-10.67% 3.84% -28.57% -17.78%
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$1,824,500 $843 78 80
$1,820,500 $850 116 71
0.22% -0.78% -32.76% 12.68%
$657,500 $708 24 39
$647,500 $622 32 58
1.54% 13.72% -25.00% -32.76%
VIEW PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2017
SUNSET STRIP :: HH WEST Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q4 2018
STUDIO CITY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$1,052,500 $464 4 33
$777,500 $375 4 35
35.37% 23.74% 0.00% -5.71%
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 :: Q4 2018
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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
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$2,110,000 $933 45 52
$2,163,000 $893 36 33
-2.45% 4.54% 25.00% 57.58%
$1,025,000 $730 113 49
$900,000 $687 123 51
13.89% 6.25% -8.13% -3.92%
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$1,750,000 $1,162 23 38
$1,667,500 $1,002 35 61
4.95% 15.94% -34.29% -37.70%
$785,000 $726 75 40
$738,000 $697 102 52
6.37% 4.10% -26.47% -23.08%
WEST LA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2018
WEST HOLLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$1,600,000 $855 28 44
$1,355,000 $811 27 62
18.08% 5.44% 3.70% -29.03%
$865,877 $637 36 39
$820,000 $599 42 29
5.59% 6.47% -14.29% 34.48%
“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 :: Q4 2018
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westside la area
NEIGHBORHOOD FOCUS Q4 2018 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Malibu Beach
13
$7,380,000
$2,219
Malibu
20
$3,050,000
$966
Marina Del Rey
23
$1,535,000
$920
Pacific Palisades
63
$3,478,000
$1,070
Palms - Mar Vista
58
$1,426,000
$875
4
$2,322,500
$772
Santa Monica
43
$2,795,000
$1,320
Venice
49
$1,900,000
$1,211
273
$2,985,813
$1,169
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 :: Q4 2018
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westside la area
DAYS ON MARKET Q4 2018
SINGLE FAMILY HOMES
226 165 Malibu
Malibu Beach
51 Venice
50 48 45
39 Playa Vista
Palms - Mar Vista
Marina Del Rey
Santa Monica
Pacific Palisades
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 :: Q4 2018
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westside la area
NEIGHBORHOOD FOCUS Q4 2018 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Malibu Beach
4
$1,038,250
$1,233
Malibu
6
$1,285,000
$757
Marina Del Rey
60
$953,000
$708
Pacific Palisades
14
$1,077,000
$666
Palms - Mar Vista
28
$745,000
$616
Playa Vista
21
$1,020,000
$703
Santa Monica
85
$1,080,000
$914
8
$1,347,500
$939
226
$1,068,219
$817
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 :: Q4 2018
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neighborhood spotlight
MALIBU :: MALIBU BEACH Jaw-dropping eight-figure homes, dramatic bluffs, and some of the best views in L.A. are found in Malibu,
1969 Post+Beam By Surf Legend Matt Kivlin, $3.5M
which sits on a 21-mile strip of coastline. A haven for
After experiencing the joys of surfing on a
A-list celebrities, families (the elementary schools are
visit to Hawaii in 1940, Kivlin (1929-2014)
top-rated), and surfers alike, the neighborhood is home
would become renowned for engineering and
to billionaire-friendly Carbon Beach, the private Point Dume, one-mile long Broad Beach, and boasts homes by Richard Neutra, Frank Gehry, and Richard Meier. Aside
developing the lightweight balsa surfboard (what would become known as the “Malibu Board”) before going on to become an architect, designing and building over 200 homes in Malibu, Brentwood, Pacific...
from oceanfront properties on PCH, there’s the gated Malibu Colony and Malibu Cove Colony, rustic Malibu Road, and the distinctive Serra Retreat. Residents hardly ever need to go into the city—Malibu has its own Nobu and Mr. Chow, and designer shops such as Ron Herman, Curve, and John Varvatos at the Malibu Country Mart. Horseback-riding, hiking, and mountain-biking are all popular with locals who maintain a casual, California cool vibe.
The Market Report :: Q4 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
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$7,380,000 $2,219 13 226
$7,362,500 $2,446 8 144
0.24% -9.28% 62.50% 56.94%
$1,038,250 $1,233 4 96
$980,000 $1,451 5 104
5.94% -15.07% -20.00% -7.69%
MALIBU Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$3,050,000 $966 20 165
$2,200,000 $923 43 125
38.64% 4.69% -53.49% 32.00%
$1,285,000 $757 6 56
$1,090,000 $699 15 89
17.89% 8.36% -60.00% -37.08%
SFR Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$1,535,000 $920 23 48
$2,275,000 $859 25 51
-32.53% 7.17% -8.00% -5.88%
$953,000 $708 60 48
$925,000 $684 94 42
3.03% 3.47% -36.17% 14.29%
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$3,478,000 $1,070 63 50
$3,340,000 $1,115 55 57
4.13% -4.01% 14.55% -12.28%
$1,077,000 $666 14 51
$1,055,000 $646 20 34
2.09% 3.11% -30.00% 50.00%
PALMS :: MAR VISTA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2018
PACIFIC PALISADES Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2018
MARINA DEL REY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$1,426,000 $875 58 45
$1,545,000 $884 87 40
-7.70% -1.02% -33.33% 12.50%
$745,000 $616 28 33
$600,000 $613 21 35
24.17% 0.45% 33.33% -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 :: Q4 2018
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MARKET PERFORMANCE BY NEIGHBORHOOD :: WESTSIDE AREA
PLAYA VISTA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$2,322,500 $772 4 39
$2,160,000 $778 7 51
7.52% -0.80% -42.86% -23.53%
$1,020,000 $703 21 40
$1,150,000 $657 35 32
-11.30% 7.03% -40.00% 25.00%
SANTA MONICA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$2,795,000 $1,320 43 50
$3,450,500 $1,301 54 41
-19.00% 1.46% -20.37% 21.95%
$1,080,000 $914 85 50
$1,265,000 $979 93 34
-14.62% -6.63% -8.60% 47.06%
VENICE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$1,900,000 $1,211 49 51
$1,962,500 $1,272 52 47
-3.18% -4.79% -5.77% 8.51%
$1,347,500 $939 8 40
$1,462,500 $907 8 66
-7.86% 3.52% 0.00% -39.39%
“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 :: Q4 2018
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pasadena + san gabriel valley area
NEIGHBORHOOD FOCUS Q4 2018 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Alhambra
39
$750,000
$500
Arcadia
76
$1,194,500
$572
Altadena
91
$841,800
$541
Bradbury
2
$1,424,500
$498
42
$958,950
$635
106
$650,000
$397
Highland Park
85
$790,000
$641
La Crescenta / Glendale
75
$875,000
$558
La Cañada Flintridge
58
$1,637,500
$822
Monrovia
53
$768,000
$489
Mount Washington
42
$869,200
$608
Pasadena NE
96
$861,000
$564
Pasadena NW
42
$811,900
$601
Pasadena SE
41
$1,500,000
$766
Pasadena SW
20
$1,312,500
$669
Rosemead / South San Gabriel
42
$614,000
$473
San Gabriel
59
$765,000
$495
San Marino
25
$2,138,000
$793
Sierra Madre
18
$945,000
$556
South Pasadena
20
$1,141,500
$708
Sunland / Tujunga
103
$640,000
$461
TOTAL/AVERAGE
1,135
$1,023,255
$588
Eagle Rock Glendora
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q4 2018
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pasadena + san gabriel valley area
NEIGHBORHOOD FOCUS Q4 2018 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Alhambra
28
$536,500
$427
Arcadia
39
$730,000
$426
Altadena
NA
NA
NA
Bradbury
NA
NA
NA
4
$695,000
$377
16
$491,950
$338
4
$472,000
$398
15
$660,000
$448
2
$882,500
$472
Monrovia
13
$565,000
$376
Mount Washington
NA
NA
NA
Pasadena NE
14
$578,084
$447
Pasadena NW
5
$711,000
$497
Pasadena SE
69
$600,000
$542
Pasadena SW
34
$907,500
$610
3
$698,060
$322
San Gabriel
21
$620,000
$426
San Marino
NA
NA
NA
Sierra Madre
2
$897,000
$490
South Pasadena
8
$646,000
$561
Sunland / Tujunga
9
$443,000
$346
TOTAL/AVERAGE
286
$654,917
$441
Eagle Rock Glendora Highland Park La Crescenta / Glendale La Cañada Flintridge
Rosemead / South San Gabriel
“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 :: Q4 2018
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pasadena + san gabriel valley area
AVERAGE DAYS ON MARKET
Q4 2018 CONDOMINIUM HOMES
43
45
47
53
54
54
49
40
38
37 28
53
35
30
28
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
Highland Park
Glendora
Eagle Rock
Bradbury
Altadena
Arcadia
Alhambra
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.
The Market Report :: Q4 2018
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neighborhood spotlight
ALTADENA Located about 14 miles from Downtown L.A. and directly north of Pasadena, Altadena is an
Andrew McNally Charts A Course To The Late 1800s
unincorporated area with a high median household
Andrew McNally, co-founder of the atlas
income and cozy population of 42,777. Stop in at
publishing company Rand McNally, put this
foodie-friendly AltaEats and shop the top-notch
Altadena mansion on the map. Built in 1888,
Farmers Market on Wednesdays, featuring Coldwater Canyon Provisions’ famed jams, artisan cheese from
the distinctive house is in the Queen Anne-style but more horizontal and less fussy than the vertical Victorians of the time. McNally often...
Drake Family Farms, and Japanese rice sandwiches from Mama Musubi. Significant architecture in the neighborhood includes the Queen Anne-style Andrew McNally House, ultra modern Beard House, Craftsmanstyle Keyes Bungalow, brick-covered Pacific Electric Railway Company Substation No. 8, and Italianate and Colonial Revival-style Woodbury-Story House. Altadena’s aptly named Christmas Tree Lane has been a holiday attraction since 1920, and features the oldest large-scale outdoor Christmas lighting venue in the world.
The Market Report :: Q4 2018
View more on our blog
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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
ALHAMBRA
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$750,000 $500 39 39
$700,000 $485 51 31
7.14% 3.10% -23.53% 25.81%
$536,500 $427 28 43
$531,050 $398 48 30
1.03% 7.26% -41.67% 43.33%
ARCADIA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$1,194,500 $572 76 63
$1,349,000 $566 106 53
-11.45% 1.06% -28.30% 18.87%
$730,000 $426 39 47
$650,000 $419 47 42
12.31% 1.64% -17.02% 11.90%
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$841,800 $541 91 41
$778,000 $501 89 41
8.20% 8.00% 2.25% 0.00%
NA NA NA NA
$644,000 $465 2 142
NA NA NA NA
BRADBURY
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$1,424,500 $498 2 82
$1,600,000 $490 5 43
-10.97% 1.60% -60.00% 90.70%
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
Q4 2018
ALTADENA
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$958,950 $635 42 42
$825,000 $626 69 32
16.24% 1.42% -39.13% 31.25%
$695,000 $377 4 45
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 :: Q4 2018
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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
GLENDORA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$650,000 $397 106 47
$585,000 $391 85 47
11.11% 1.34% 24.71% 0.00%
$491,950 $338 16 53
$481,500 $306 14 55
2.17% 10.34% 14.29% -3.64%
HIGHLAND PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$790,000 $641 85 38
$795,500 $613 56 45
-0.69% 4.64% 51.79% -15.56%
$472,000 $398 4 14
$410,000 $454 13 45
15.12% -12.49% -69.23% -68.89%
CONDO
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$875,000 $558 75 46
$825,000 $559 76 39
6.06% -0.13% -1.32% 17.95%
$660,000 $448 15 49
$535,000 $427 28 43
23.36% 4.95% -46.43% 13.95%
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$1,637,500 $822 58 63
$1,675,500 $698 50 48
-2.27% 17.81% 16.00% 31.25%
$882,500 $472 2 111
$935,500 $561 2 19
-5.67% -15.75% 0.00% 484.21%
MONROVIA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q4 2018
LA CAÑADA FLINTRIDGE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2018
LA CRESCENTA :: GLENDALE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$768,000 $489 53 34
$697,750 $489 78 39
10.07% 0.00% -32.05% -12.82%
$565,000 $376 13 37
$440,000 $384 19 24
28.41% -1.92% -31.58% 54.17%
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q4 2018
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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
MOUNT WASHINGTON Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$869,200 $608 42 31
$895,000 $618 41 34
-2.88% -1.54% 2.44% -8.82%
NA NA NA NA
$294,000 $437 1 4
NA NA NA NA
SFR Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$861,000 $564 96 44
$852,000 $561 87 39
1.06% 0.47% 10.34% 12.82%
$578,084 $447 14 28
$483,500 $429 16 42
19.56% 4.18% -12.50% -33.33%
SFR Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$811,900 $601 42 45
$1,066,250 $603 50 43
-23.85% -0.23% -16.00% 4.65%
$711,000 $497 5 35
$565,000 $451 9 46
25.84% 10.15% -44.44% -23.91%
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$1,500,000 $766 41 51
$1,400,000 $645 22 37
7.14% 18.69% 86.36% 37.84%
$600,000 $542 69 38
$626,500 $528 68 34
-4.23% 2.59% 1.47% 11.76%
PASADENA SW Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2018
PASADENA SE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2018
PASADENA NW Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2018
PASADENA NE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$1,312,500 $669 20 36
$1,225,000 $678 27 48
7.14% -1.29% -25.93% -25.00%
$907,500 $610 34 54
$825,000 $552 34 40
10.00% 10.47% 0.00% 35.00%
“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 :: Q4 2018
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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
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$614,000 $473 42 31
$606,800 $456 43 43
1.19% 3.77% -2.33% -27.91%
$698,060 $322 3 40
$542,400 $342 29 51
28.70% -5.87% -89.66% -21.57%
SFR Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$765,000 $495 59 51
$787,000 $524 59 39
-2.80% -5.46% 0.00% 30.77%
$620,000 $426 21 28
$633,000 $424 16 35
-2.05% 0.60% 31.25% -20.00%
SFR Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$2,138,000 $793 25 65
$2,000,000 $859 31 99
6.90% -7.68% -19.35% -34.34%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$945,000 $556 18 44
$925,000 $517 23 45
2.16% 7.44% -21.74% -2.22%
$897,000 $490 2 54
$725,000 $477 3 32
23.72% 2.76% -33.33% 68.75%
S. PASADENA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2018
SIERRA MADRE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2018
SAN MARINO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2018
SAN GABRIEL Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$1,141,500 $708 20 44
$1,284,455 $715 15 44
-11.13% -1.05% 33.33% 0.00%
$646,000 $561 8 30
$852,500 $540 6 42
-24.22% 3.90% 33.33% -28.57%
“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 :: Q4 2018
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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
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$640,000 $461 103 46
$572,500 $452 94 49
11.79% 1.79% 9.57% -6.12%
$443,000 $346 9 53
$432,500 $340 22 51
2.43% 1.74% -59.09% 3.92%
“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 :: Q4 2018
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coachella valley area
NEIGHBORHOOD FOCUS Q4 2018
SINGLE FAMILY HOMES
NEIGHBORHOOD
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Cathedral City North
105
$315,000
$187
Cathedral City South
34
$392,000
$228
Indian Wells
32
$1,017,500
$329
La Quinta No of HWY 111
36
$399,000
$205
La Quinta S.Of H
233
$535,000
$259
Palm Desert East
67
$390,000
$214
Palm Desert North
43
$405,000
$215
Palm Desert South
34
$565,000
$327
Palm Springs Central
50
$812,000
$423
Palm Springs North End
81
$505,000
$304
Palm Springs South End
87
$705,000
$331
Rancho Mirage
101
$618,000
$239
TOTAL/AVERAGE
903
$554,875
$272
“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 :: Q4 2018
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coachella valley area
MEDIAN PRICE
Q4 2018 — Q4 2017 SINGLE FAMILY HOMES 2018
2017
$1.1M
$825K
$550K
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
$275K
“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 :: Q4 2018
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coachella valley area
NEIGHBORHOOD FOCUS Q4 2018
CONDOMINIUM HOMES
NEIGHBORHOOD
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Cathedral City North
25
$155,000
$143
Cathedral City South
19
$192,000
$138
Indian Wells
18
$381,500
$214
La Quinta No of HWY 111
15
$219,250
$213
La Quinta S.Of H
49
$360,000
$206
Palm Desert East
93
$270,000
$186
Palm Desert North
61
$326,000
$209
Palm Desert South
55
$305,000
$215
Palm Springs Central
68
$223,750
$225
Palm Springs North End
56
$216,250
$241
Palm Springs South End
119
$250,000
$217
76
$325,000
$195
654
$268,646
$200
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 :: Q4 2018
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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
An Updated Palm Springs Estate Lists For $2.4M
is a haven for design buffs, heat seekers, and the LGBT
Located on one of the most coveted streets in
community. From stylish boutique hotels and high-end
Old Las Palmas, this renovated Palm Springs
vintage shopping to the annual Modernism Week, the
estate is a study in indoor/outdoor desert living.
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,
Originally built in 1940, the 3,260-square-foot home has undergone a complete redesign, reimagining the property as a midcenturyinspired, contemporary estate. The renovation of the four-bedroom, five-bath residence also...
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
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$315,000 $187 105 63
$310,000 $170 104 76
1.61% 9.74% 0.96% -17.11%
$155,000 $143 25 75
$138,500 $122 28 150
11.91% 17.83% -10.71% -50.00%
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$392,000 $228 34 67
$425,000 $229 39 69
-7.76% -0.21% -12.82% -2.90%
$192,000 $138 19 77
$162,000 $127 30 112
18.52% 8.58% -36.67% -31.25%
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$1,017,500 $329 32 85
$850,000 $296 50 141
19.71% 10.95% -36.00% -39.72%
$381,500 $214 18 104
$333,500 $191 18 98
14.39% 11.79% 0.00% 6.12%
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$399,000 $205 36 53
$384,500 $178 44 66
3.77% 14.63% -18.18% -19.70%
$219,250 $213 15 53
$168,000 $226 5 144
30.51% -6.02% 200.00% -63.19%
LA QUINTA S. OF H Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2017
LA QUINTA NO OF HWY 111 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q4 2018
INDIAN WELLS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2018
CATHEDRAL CITY SOUTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$535,000 $259 233 108
$424,900 $227 233 99
25.91% 13.78% 0.00% 9.09%
$360,000 $206 49 114
$381,500 $199 51 95
-5.64% 3.30% -3.92% 20.00%
“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 :: Q4 2018
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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
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$390,000 $214 67 70
$408,250 $213 62 93
-4.47% 0.85% 8.06% -24.73%
$270,000 $186 93 93
$255,000 $177 120 110
5.88% 5.35% -22.50% -15.45%
PALM DESERT NORTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$405,000 $215 43 76
$431,553 $210 45 78
-6.15% 2.30% -4.44% -2.56%
$326,000 $209 61 76
$262,000 $181 66 86
24.43% 15.81% -7.58% -11.63%
SFR Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$565,000 $327 34 83
$550,000 $272 44 127
2.73% 20.18% -22.73% -34.65%
$305,000 $215 55 86
$262,000 $201 60 111
16.41% 7.09% -8.33% -22.52%
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$812,000 $423 50 71
$690,000 $423 57 68
17.68% 0.00% -12.28% 4.41%
$223,750 $225 68 65
$224,500 $212 87 70
-0.33% 6.02% -21.84% -7.14%
PALM SPRINGS NORTH END Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2018
PALM SPRINGS CENTRAL Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2018
PALM DESERT SOUTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$505,000 $304 81 70
$410,000 $277 81 59
23.17% 9.56% 0.00% 18.64%
$216,250 $241 56 60
$117,000 $170 51 60
84.83% 41.75% 9.80% 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 :: Q4 2018
homeasart.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: COACHELLA VALLEY AREA
PALM SPRINGS SOUTH END Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$705,000 $331 87 75
$690,000 $329 97 91
2.17% 0.40% -10.31% -17.58%
$250,000 $217 119 52
$225,000 $195 146 76
11.11% 11.09% -18.49% -31.58%
RANCHO MIRAGE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q4 2018
Q4 2017
% CHANGE
Q4 2018
Q4 2017
% CHANGE
$618,000 $239 101 80
$642,499 $256 114 107
-3.81% -6.87% -11.40% -25.23%
$325,000 $195 76 75
$275,000 $166 75 100
18.18% 17.19% 1.33% -25.00%
“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 :: Q4 2018
homeasart.com
WHAT’S NEW ON HOMEASART.COM
A Look at the Los Angeles County Museum of Art The Los Angeles County Museum of Art is the centerpiece of a series of museums in the Wilshire area called Museum Row. LACMA is the largest west coast art museum in the United States and has cemented Los Angeles as an artistic capital of the world. Opened in 1965, the original design of LACMA was by William Pereira, known for his outlandish...
We share our passion for design on our blog
HomeAsArt.com Photography by Justin Juarez
The Market Report :: Q4 2018
Photography by Justin Juarez
homeasart.com
An Architectural View of The Hobbit’s House
The Art & Design of the Korean Friendship Bell
Located in the heart of Culver City,
Donated in 1976, the Korean
the Lawrence and Martha Joseph
Friendship Bell celebrates the
Residence Apartments, more
bicentennial of the U.S. and is a
playfully known as Hobbit’s House,
symbolic measure of friendship
is a fanciful site nestled between
between the two countries. Located
studio lots and busy thoroughfares.
in a stone pavilion in Angel’s Gate
Built as a labor of love by former
Park, the bell is modeled after
Disney Studios artist, Lawrence
the Bronze Bell of King Songdok,
Joseph between 1946 and 1970;
which was cast in 771 A.D. The bell
Hobbit’s House looks as if torn...
overlooks the Pacific Ocean with...
Photography by Justin Juarez
The Market Report :: Q4 2018
Photography by Justin Juarez
homeasart.com
CONTACT US
we know design
deasypennerpodley 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. Santa Monica | Venice | West Hollywood | Silver Lake | La CaĂąada Flintridge | Pasadena Altadena | Sierra Madre | Monrovia | Glendora | Palm Springs 310.275.1000 626.683.0777 info@dppre.com