Q4 2 0 1 7
MARKET REPORT
deasy/penner home as art.®
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YOUR GUIDE TO MARKET PERFORMANCE & ANALYSIS
la county :: market snapshot SINGLE FAMILY HOMES
CONDOMINIUM HOMES
Data*
Q4 2017
Q4 2016
% Change
Median Price
$620,000
$581,279
$463
Properties Sold Days on Market
Avg. Price / Sq. Ft.
Data*
Q4 2017
Q4 2016
% Change
6.66%
Median Price
$485,000
$439,700
10.30%
$428
8.08%
Avg. Price / Sq. Ft.
$454
$412
10.30%
11,930
12,285
-2.89%
Properties Sold
4,387
4,434
-1.06%
43
53
-18.87%
Days on Market
41
53
-22.64%
MEDIAN PRICE
MEDIAN PRICE
$620,000
$485,000
vs Q4 2016
+7%
$581,279
DAYS ON THE MARKET
+10%
$439,700
PROPERTIES SOLD
43
53
Q4 2017
Q4 2016
DAYS
vs Q4 2016
4,387
4,434
Q4 2017
Q4 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 :: Q4 2017
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EXPLORE YOUR NEIGHBORHOOD
los angeles area NEIGHBORHOOD FOCUS Q4 2017 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
MED. SALE PRICE
AVG. $ / SQ. FT.
Baldwin Hills
2
$869,444
$532
Beverly Hills
30
$6,137,500
$1,529
Beverly Hills PO
34
$3,437,500
$939
Beverlywood
35
$1,570,000
$791
Beverly Center - Miracle
42
$1,637,500
$867
Brentwood
58
$3,337,500
$1,246
Cheviot Hills - Rancho Park
15
$1,950,000
$901
Culver City
56
$1,164,500
$854
Downtown LA
29
$371,000
$307
Hancock Park - Wilshire
64
$1,690,000
$766
Hollywood
27
$1,035,000
$625
Hollywood Hills East
35
$1,500,000
$685
Ladera Heights
17
$1,155,000
$443
1
$306,000
$287
Los Feliz
47
$1,720,000
$809
Mid - Los Angeles
97
$700,000
$500
Silver Lake - Echo Park
90
$1,089,500
$743
Studio City
88
$1,325,000
$664
114
$1,820,500
$848
4
$777,500
$375
Westwood - Century City
36
$2,163,000
$893
West Hollywood
34
$1,663,250
$1,012
West LA
29
$1,350,000
$776
984
$1,685,639
$756
Leimert Park
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 :: Q4 2017
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los angeles area
MEDIAN PRICE
Q4 2017 — Q4 2016 SINGLE FAMILY HOMES $7M
2017 2016 $5.25M
$3.5M
$1.75K
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 :: Q4 2017
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los angeles area NEIGHBORHOOD FOCUS Q4 2017 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
MED. SALE PRICE
AVG. $ / SQ. FT.
Baldwin Hills
1
$550,000
$439
Beverly Hills
32
$1,254,500
$741
Beverly Hills PO
NA
NA
NA
Beverlywood
14
$780,000
$600
Beverly Center - Miracle
29
$779,000
$603
Brentwood
52
$889,000
$678
Cheviot Hills - Rancho Park
NA
NA
NA
Culver City
48
$592,500
$566
101
$617,000
$667
Hancock Park - Wilshire
42
$621,000
$581
Hollywood
24
$707,500
$570
Hollywood Hills East
6
$718,500
$506
Ladera Heights
3
$550,175
$371
NA
NA
NA
Los Feliz
6
$657,750
$521
Mid - Los Angeles
5
$539,900
$530
Silver Lake - Echo Park
14
$732,000
$578
Studio City
56
$717,000
$469
Sunset Strip - HH West
31
$645,000
$610
View Park
NA
NA
NA
Westwood - Century City
121
$899,000
$687
West Hollywood
101
$739,000
$750
41
$820,000
$601
727
$726,780
$582
Downtown LA
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 :: Q4 2017
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The Market Report :: Q4 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
Q4 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.
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neighborhood spotlight
BRENTWOOD If you want to get a sense of the low-key yet affluent
(designed by Jeffrey Alan Marks), then grab an ice
TV Writer-Producer Neal Baer Buys Photog’s House In Hollywood Hills
cream from Sweet Rose Creamery at the Brentwood
Always impeccably informed real estate yenta
vibe of Brentwood, book a table for brunch at Tavern
Country Mart, a paparazzi-free shopping center that looks like a barn, but houses Jenni Kayne, Calypso St.
Yolanda Yakketyyak sent word that pediatricianturned-multiple-Emmy-nominated writerproducer Neal Baer has shelled out $4.35M...
Barth, James Perse Yosemite, and a weekend petting zoo for kids. The neighborhood’s main drag—the coral tree lined San Vicente—is filled with enough boutiques and restaurants (Baltaire is the new favorite) to keep you busy for a year. There are six residential sub-districts—gated Brentwood Circle, Brentwood Glen, Bundy Canyon (home to the famed Getty Center), Kenter Canyon, Mandeville Canyon, and Crestwood Hills, the latter of which includes a cluster of
View more on our blog
HomeAsArt.com
architecturally significant Mid-Century Modern homes from A. Quincy Jones, Earl G. Richards, Whitney Smith, and Edgardo Contini. The Market Report :: Q4 2017
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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 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$869,444 $532 2 15
$1,199,000 $447 1 41
-27.49% 18.96% 100.00% -63.41%
$550,000 $439 1 123
$235,000 $310 1 50
134.04% 41.48% 0.00% 146.00%
BEVERLY HILLS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$6,137,500 $1,529 30 79
$4,234,000 $1,385 45 94
44.96% 10.40% -33.33% -15.96%
$1,254,500 $741 32 51
$1,365,000 $740 32 71
-8.10% 0.21% 0.00% -28.17%
SFR Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$3,437,500 $939 34 89
$2,850,000 $891 33 93
20.61% 5.42% 3.03% -4.30%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SFR
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$1,570,000 $791 35 35
$1,334,000 $667 45 55
17.69% 18.56% -22.22% -36.36%
$780,000 $600 14 47
$820,000 $570 11 49
-4.88% 5.39% 27.27% -4.08%
BEVERLY CENTER :: MIRACLE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2017
BEVERLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2017
BEVERLY HILLS PO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$1,637,500 $867 42 36
$1,575,000 $734 48 58
3.97% 18.15% -12.50% -37.93%
$779,000 $603 29 50
$762,000 $590 20 73
2.23% 2.25% 45.00% -31.51%
“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 2017
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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 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$3,337,500 $1,246 58 48
$2,750,000 $1,006 61 80
21.36% 23.92% -4.92% -40.00%
$889,000 $678 52 50
$763,500 $613 44 58
16.44% 10.55% 18.18% -13.79%
CHEVIOT HILLS :: RANCHO PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$1,950,000 $901 15 51
$1,668,000 $761 17 78
16.91% 18.35% -11.76% -34.62%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SFR
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$1,164,500 $854 56 35
$1,146,500 $757 46 43
1.57% 12.76% 21.74% -18.60%
$592,500 $566 48 34
$520,000 $496 57 36
13.94% 13.97% -15.79% -5.56%
SFR
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$371,000 $307 29 79
$330,500 $286 28 50
12.25% 7.08% 3.57% 58.00%
$617,000 $667 101 56
$610,000 $604 96 87
1.15% 10.36% 5.21% -35.63%
HANCOCK PARK :: WILSHIRE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2016
DOWNTOWN LA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q4 2017
CULVER CITY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$1,690,000 $766 64 38
$1,656,000 $678 68 62
2.05% 12.91% -5.88% -38.71%
$621,000 $581 42 51
$645,000 $519 32 81
-3.72% 11.84% 31.25% -37.04%
“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 2017
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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 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$1,035,000 $625 27 55
$1,310,000 $662 15 24
-20.99% -5.65% 80.00% 129.17%
$707,500 $570 24 55
$599,500 $548 30 59
18.02% 4.00% -20.00% -6.78%
HOLLYWOOD HILLS EAST Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$1,500,000 $685 35 68
$1,391,000 $655 34 53
7.84% 4.60% 2.94% 28.30%
$718,500 $506 6 28
$572,000 $478 10 68
25.61% 5.92% -40.00% -58.82%
SFR
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$1,155,000 $443 17 65
$880,005 $430 6 59
31.25% 3.06% 183.33% 10.17%
$550,175 $371 3 54
$550,000 $372 3 121
0.03% -0.27% 0.00% -55.37%
SFR
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$306,000 $287 1 3
$665,000 $398 3 33
-53.98% -27.94% -66.67% -90.91%
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 2016
LEIMERT PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q4 2017
LADERA HEIGHTS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$1,720,000 $809 47 42
$1,731,250 $664 45 52
-0.65% 21.87% 4.44% -19.23%
$657,750 $521 6 56
$609,750 $560 6 50
7.87% -6.93% 0.00% 12.00%
“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 2017
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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 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$700,000 $500 97 40
$607,500 $445 93 48
15.23% 12.42% 4.30% -16.67%
$539,900 $530 5 50
$429,500 $383 6 49
25.70% 38.25% -16.67% 2.04%
SILVER LAKE :: ECHO PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$1,089,500 $743 90 38
$880,000 $690 85 58
23.81% 7.73% 5.88% -34.48%
$732,000 $578 14 35
$705,000 $522 12 47
3.83% 10.82% 16.67% -25.53%
SFR
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$1,325,000 $664 88 53
$1,317,500 $615 84 64
0.57% 8.00% 4.76% -17.19%
$717,000 $469 56 45
$605,000 $437 48 73
18.51% 7.31% 16.67% -38.36%
SFR
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$1,820,500 $848 114 72
$1,695,500 $787 92 67
7.37% 7.78% 23.91% 7.46%
$645,000 $610 31 56
$595,000 $588 22 49
8.40% 3.72% 40.91% 14.29%
VIEW PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2016
SUNSET STRIP :: HH WEST Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q4 2017
STUDIO CITY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$777,500 $375 4 35
$827,000 $268 2 64
-5.99% 39.97% 100.00% -45.31%
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 2017
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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 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$2,163,000 $893 36 33
$1,775,000 $828 57 58
21.86% 7.88% -36.84% -43.10%
$899,000 $687 121 52
$899,000 $635 135 67
0.00% 8.14% -10.37% -22.39%
SFR
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$1,663,250 $1,012 34 61
$1,709,050 $959 35 59
-2.68% 5.46% -2.86% 3.39%
$739,000 $750 101 52
$690,000 $689 89 57
7.10% 8.80% 13.48% -8.77%
WEST LA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2017
WEST HOLLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$1,350,000 $776 29 60
$1,007,500 $650 30 42
34.00% 19.41% -3.33% 42.86%
$820,000 $601 41 28
$805,000 $538 41 40
1.86% 11.63% 0.00% -30.00%
“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 2017
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westside la area
NEIGHBORHOOD FOCUS Q4 2017 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
8
$7,362,500
$2,446
Malibu
38
$2,395,000
$943
Marina Del Rey
24
$1,997,500
$859
Pacific Palisades
54
$3,352,500
$1,115
Palms - Mar Vista
87
$1,545,000
$884
7
$2,160,000
$778
Santa Monica
54
$3,450,500
$1,301
Venice
51
$1,975,000
$1,271
323
$3,029,750
$1,199
Malibu Beach
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 2017
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westside la area
DAYS ON MARKET Q4 2017
SINGLE FAMILY HOMES
144 113 Malibu
Malibu Beach
57 51
46 41
40 Palms - Mar Vista
Santa Monica
Venice
Playa Vista
Marina Del Rey
Pacific Palisades
51
“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 2017
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westside la area
NEIGHBORHOOD FOCUS Q4 2017 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
5
$980,000
$1,451
Malibu
15
$1,090,000
$699
Marina Del Rey
94
$925,000
$684
Pacific Palisades
19
$1,050,000
$644
Palms - Mar Vista
21
$600,000
$613
Playa Vista
37
$665,000
$607
Santa Monica
90
$1,252,000
$978
8
$1,462,500
$907
289
$1,003,063
$823
Malibu Beach
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 2017
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westside la area
PROPERTIES SOLD CHANGE Q4 2017 — Q4 2016
CONDOMINIUM HOMES 2016
2017
% Change
12%
100
-6%
75
50
-16% -28%
25
-10%
400%
-43%
400% 0
Malibu Beach
Malibu
Marina Del Rey
Pacific Palisades
Palms Mar Vista
Playa Vista
Santa Monica
Venice
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q4 2017
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neighborhood spotlight
PALMS :: MAR VISTA Palms, the oldest neighborhood in the city of Los Angeles, and Mar Vista, a popular Westside community
Family-Friendly Modernism In Rustic Canyon
for families, have enjoyed an uptick in popularity in
A 1949 gem by early Modernist architect
recent years thanks to their central location. Both
Kenneth Lind in Rustic Canyon, originally
neighborhoods are known for their ethnic diversity—stop
dubbed The Platform House, now a 3-bed,
in for a class at Red Diamond Yoga or grab an Americano at Venice Grind to see what we mean. The area is home to some of the most highly educated residents in the
4-bath home reinvented by the LA/Montecito firm of Shubin Donaldson. Set on stilts to capture the view, the ground level was filled in with family-friendly entertaining spaces while the second, original level was renovated...
city (UCLA is minutes away) and is in close proximity to the brand new Metro Expo Line. Palms-Mar Vista is filled with well-preserved Mid-Century Modern architecture, Craftsman, and Spanish Colonials, and architecturally significant homes from Neil Denarii, Patrick Tighe, and Gregory Ain. Top area private schools include the Windward and Wildwood schools. View more on our blog
HomeAsArt.com The Market Report :: Q4 2017
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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 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$7,362,500 $2,446 8 144
$5,525,000 $2,269 6 238
33.26% 7.81% 33.33% -39.50%
$980,000 $1,451 5 104
$787,000 $798 1 262
24.52% 81.83% 400.00% -60.31%
MALIBU Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$2,395,000 $943 38 113
$2,450,000 $901 37 144
-2.24% 4.62% 2.70% -21.53%
$1,090,000 $699 15 89
$695,000 $548 3 61
56.83% 27.56% 400.00% 45.90%
SFR Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$1,997,500 $859 24 51
$1,292,500 $813 16 47
54.55% 5.63% 50.00% 8.51%
$925,000 $684 94 42
$860,000 $646 84 61
7.56% 5.90% 11.90% -31.15%
SFR
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$3,352,500 $1,115 54 57
$3,259,000 $1,035 54 73
2.87% 7.64% 0.00% -21.92%
$1,050,000 $644 19 33
$890,000 $585 21 65
17.98% 10.06% -9.52% -49.23%
PALMS :: MAR VISTA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2017
PACIFIC PALISADES Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2017
MARINA DEL REY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$1,545,000 $884 87 40
$1,500,000 $790 82 46
3.00% 11.81% 6.10% -13.04%
$600,000 $613 21 35
$639,000 $521 29 47
-6.10% 17.58% -27.59% -25.53%
“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 Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$2,160,000 $778 7 51
$2,100,000 $681 3 66
2.86% 14.26% 133.33% -22.73%
$665,000 $607 37 26
$572,500 $542 44 52
16.16% 12.03% -15.91% -50.00%
SANTA MONICA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$3,450,500 $1,301 54 41
$2,320,000 $1,223 49 59
48.73% 6.40% 10.20% -30.51%
$1,252,000 $978 90 34
$1,040,000 $893 96 54
20.38% 9.51% -6.25% -37.04%
VENICE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$1,975,000 $1,271 51 46
$1,845,500 $1,233 50 56
7.02% 3.07% 2.00% -17.86%
$1,462,500 $907 8 66
$1,100,500 $855 14 81
32.89% 6.13% -42.86% -18.52%
“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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pasadena + san gabriel valley area
NEIGHBORHOOD FOCUS Q4 2017 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
50
$690,000
$486
106
$1,349,000
$566
Altadena
87
$778,000
$500
Bradbury
5
$1,600,000
$490
Eagle Rock
68
$832,500
$629
Glendora
84
$583,750
$392
Highland Park
55
$791,000
$616
La Crescenta / Glendale
74
$822,500
$551
La Cañada Flintridge
49
$1,666,000
$701
Monrovia
77
$700,000
$488
Mount Washington
39
$895,000
$626
Pasadena NE
86
$853,500
$562
Pasadena NW
49
$1,032,500
$601
Pasadena SE
22
$1,400,000
$645
Pasadena SW
27
$1,225,000
$678
Rosemead / South San Gabriel
43
$606,800
$456
San Gabriel
57
$772,000
$525
San Marino
29
$1,880,000
$858
Sierra Madre
23
$925,000
$517
South Pasadena
15
$1,284,455
$715
Sunland / Tujunga
91
$567,000
$454
TOTAL/AVERAGE
1,136
$1,012,095
$574
Alhambra Arcadia
“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 Q4 2017 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Alhambra
46
$532,000
$401
Arcadia
46
$650,000
$420
Altadena
2
$644,000
$465
Bradbury
NA
NA
Eagle Rock
NA
NA
Glendora
14
$481,500
$306
Highland Park
12
$414,000
$442
La Crescenta / Glendale
28
$535,000
$427
2
$935,500
$561
19
$440,000
$384
1
$294,000
$437
Pasadena NE
16
$483,500
$429
Pasadena NW
10
$562,500
$457
Pasadena SE
65
$635,000
$528
Pasadena SW
32
$851,000
$554
Rosemead / South San Gabriel
29
$542,400
$342
San Gabriel
15
$633,000
$424
San Marino
NA
NA
Sierra Madre
2
$712,500
$490
South Pasadena
6
$852,500
$540
Sunland / Tujunga
20
$432,500
$335
TOTAL/AVERAGE
365
$590,606
$441
La Cañada Flintridge Monrovia Mount Washington
“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
Q4 2017 CONDOMINIUM HOMES 142
55 46
42
43
42
51
42 34
29 19
40
42
36
49
24
24
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
4
“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
SAN MARINO Incorporated in 1913, picturesque San Marino was designed to be uniquely residential from the get-go
Case Study House No. 10 In Pasadena Sells For $3M
and it shows. The impeccably maintained community
A minimalist-style house that was built in 1947
features expansive properties that are surrounded by
as part of the Case Study program has sold in
lush gardens and wide streets that make Angelenos
Pasadena for $2.96 million. The final price tag is
mouths drop in disbelief. Perhaps best known for
$30,000 shy of when it originally listed for sale in September.
housing the Huntington Library, a NeoclassicalPalladian mansion and botanical gardens, San Marino also features the idyllic 30-acre Lacy Park, colorful gift shop, Colori, and the popular Yoshida Sushi (try the blue crab hand roll). One of the country’s most upscale neighborhoods, you’ll find multimillion dollar Traditional, Georgian Colonial Revival, and Monterey Colonial homes and estates alongside significant designs from architects like Buff & Hensman. And as an added bonus, the San Marino Unified School District is the best school district in L.A. County based on API scores and
View more on our blog
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has been ranked as the number one school district in California. The Market Report :: Q4 2017
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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 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$690,000 $486 50 31
$665,000 $456 49 47
3.76% 6.71% 2.04% -34.04%
$532,000 $401 46 29
$474,000 $387 38 72
12.24% 3.62% 21.05% -59.72%
ARCADIA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$1,349,000 $566 106 53
$1,179,000 $543 114 71
14.42% 4.09% -7.02% -25.35%
$650,000 $420 46 42
$648,000 $397 55 60
0.31% 5.73% -16.36% -30.00%
SFR
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$778,000 $500 87 42
$778,000 $468 88 57
0.00% 6.91% -1.14% -26.32%
$644,000 $465 2 142
$342,500 $384 2 69
88.03% 20.96% 0.00% 105.80%
BRADBURY
SFR
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$1,600,000 $490 5 43
$1,140,000 $500 5 125
40.35% -1.92% 0.00% -65.60%
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
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$832,500 $629 68 31
$788,630 $526 53 51
5.56% 19.55% 28.30% -39.22%
NA NA NA NA
$385,000 $392 1 82
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 :: PASADENA + SGV AREA
GLENDORA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$583,750 $392 84 48
$606,000 $370 124 52
-3.67% 5.82% -32.26% -7.69%
$481,500 $306 14 55
$475,000 $317 28 75
1.37% -3.26% -50.00% -26.67%
HIGHLAND PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$791,000 $616 55 44
$710,000 $574 95 40
11.41% 7.30% -42.11% 10.00%
$414,000 $442 12 46
$352,000 $448 5 39
17.61% -1.41% 140.00% 17.95%
CONDO
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$822,500 $551 74 38
$785,000 $505 87 53
4.78% 9.16% -14.94% -28.30%
$535,000 $427 28 43
$459,000 $414 29 45
16.56% 3.11% -3.45% -4.44%
SFR
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$1,666,000 $701 49 49
$1,660,000 $621 59 54
0.36% 12.87% -16.95% -9.26%
$935,500 $561 2 19
$940,000 $486 4 59
-0.48% 15.38% -50.00% -67.80%
MONROVIA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q4 2017
LA CAÑADA FLINTRIDGE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2017
LA CRESCENTA :: GLENDALE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$700,000 $488 77 40
$620,000 $438 77 52
12.90% 11.25% 0.00% -23.08%
$440,000 $384 19 24
$425,000 $345 17 50
3.53% 11.34% 11.76% -52.00%
“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 :: PASADENA + SGV AREA
MOUNT WASHINGTON Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$895,000 $626 39 30
$730,000 $508 37 53
22.60% 23.09% 5.41% -43.40%
$294,000 $437 1 4
NA NA NA NA
NA NA NA NA
SFR Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$853,500 $562 86 39
$793,450 $490 110 49
7.57% 14.73% -21.82% -20.41%
$483,500 $429 16 42
$494,500 $417 24 45
-2.22% 2.87% -33.33% -6.67%
SFR Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$1,032,500 $601 49 43
$942,500 $522 40 70
9.55% 15.27% 22.50% -38.57%
$562,500 $457 10 42
$588,000 $517 5 106
-4.34% -11.66% 100.00% -60.38%
SFR
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$1,400,000 $645 22 37
$980,500 $567 62 56
42.78% 13.74% -64.52% -33.93%
$635,000 $528 65 34
$499,000 $482 83 52
27.25% 9.46% -21.69% -34.62%
PASADENA SW Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2017
PASADENA SE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2017
PASADENA NW Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2017
PASADENA NE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$1,225,000 $678 27 48
$1,257,750 $746 20 38
-2.60% -9.15% 35.00% 26.32%
$851,000 $554 32 40
$849,500 $569 36 57
0.18% -2.56% -11.11% -29.82%
“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 2016
% CHANGE
Q4 2017
Q3 2016
% CHANGE
$606,800 $456 43 44
$531,000 $428 46 56
14.27% 6.54% -6.52% -21.43%
$542,400 $342 29 51
$405,750 $314 10 36
33.68% 9.12% 190.00% 41.67%
SFR Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$772,000 $525 57 40
$765,000 $482 64 38
0.92% 8.86% -10.94% 5.26%
$633,000 $424 15 36
$501,500 $365 16 44
26.22% 16.09% -6.25% -18.18%
SFR Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$1,880,000 $858 29 103
$2,150,000 $848 31 62
-12.56% 1.14% -6.45% 66.13%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SFR
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$925,000 $517 23 45
$950,000 $593 20 50
-2.63% -12.71% 15.00% -10.00%
$712,500 $490 2 24
$665,000 $396 5 48
7.14% 23.83% -60.00% -50.00%
S. PASADENA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2017
SIERRA MADRE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2017
SAN MARINO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2017
SAN GABRIEL Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$1,284,455 $715 15 44
$1,300,000 $667 35 48
-1.20% 7.33% -57.14% -8.33%
$852,500 $540 6 42
$630,000 $520 11 31
35.32% 3.73% -45.45% 35.48%
“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.
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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 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$567,000 $454 91 50
$569,500 $405 96 50
-0.44% 12.14% -5.21% 0.00%
$432,500 $335 20 49
$400,000 $318 33 54
8.13% 5.48% -39.39% -9.26%
“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 Q4 2017
SINGLE FAMILY HOMES
NEIGHBORHOOD
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Cathedral City North
100
$309,500
$170
Cathedral City South
38
$432,000
$231
Indian Wells
50
$850,000
$296
La Quinta No of HWY 111
44
$384,500
$178
La Quinta S.Of H
229
$430,000
$228
Palm Desert East
60
$419,000
$212
Palm Desert North
47
$430,000
$207
Palm Desert South
44
$550,000
$272
Palm Springs Central
57
$690,000
$423
Palm Springs North End
78
$412,500
$279
Palm Springs South End
97
$690,000
$329
Rancho Mirage
113
$635,000
$256
TOTAL/AVERAGE
957
$519,375
$257
“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
Q4 2017 — Q4 2016 SINGLE FAMILY HOMES 2016
2017
$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
$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.
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coachella valley area
NEIGHBORHOOD FOCUS Q4 2017
CONDOMINIUM HOMES
NEIGHBORHOOD
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Cathedral City North
28
$138,500
$122
Cathedral City South
30
$162,000
$127
Indian Wells
18
$333,500
$191
4
$164,000
$219
La Quinta S.Of H
51
$381,500
$199
Palm Desert East
119
$255,000
$177
Palm Desert North
66
$262,000
$181
Palm Desert South
59
$260,000
$200
Palm Springs Central
86
$222,250
$209
Palm Springs North End
51
$117,000
$170
Palm Springs South End
145
$225,000
$196
75
$275,000
$166
732
$232,979
$180
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
Celebrity Homes Priced To Sell During The Holiday
is a haven for design buffs, heat seekers, and the LGBT
Black Friday and Cyber Monday have come and
community. From stylish boutique hotels and high-end
gone, but there are still a few discounts to be
vintage shopping to the annual Modernism Week, the
had. Gerald Casale of Devo fame has listed his
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,
home in Palm Desert for sale at $1.495 million. Set on about half an acre of grounds, the wellpreserved midcentury home was designed and built in 1963 by architectural firm Patten and Wild.
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 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$309,500 $170 100 73
$285,000 $160 108 78
8.60% 5.83% -7.41% -6.41%
$138,500 $122 28 150
$115,000 $111 17 178
20.43% 9.90% 64.71% -15.73%
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$432,000 $231 38 68
$329,000 $192 38 109
31.31% 20.50% 0.00% -37.61%
$162,000 $127 30 112
$169,950 $126 28 146
-4.68% 1.13% 7.14% -23.29%
SFR
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$850,000 $296 50 141
$780,000 $284 44 110
8.97% 4.39% 13.64% 28.18%
$333,500 $191 18 98
$416,000 $186 20 119
-19.83% 3.00% -10.00% -17.65%
SFR
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$384,500 $178 44 68
$355,000 $170 42 77
8.31% 5.03% 4.76% -11.69%
$164,000 $219 4 158
$193,000 $195 11 134
-15.03% 12.18% -63.64% 17.91%
LA QUINTA S. OF H Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2016
LA QUINTA NO OF HWY 111 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q4 2017
INDIAN WELLS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2017
CATHEDRAL CITY SOUTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$430,000 $228 229 99
$510,000 $226 211 105
-15.69% 0.93% 8.53% -5.71%
$381,500 $199 51 95
$314,500 $196 43 114
21.30% 1.93% 18.60% -16.67%
“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
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$419,000 $212 60 95
$355,000 $186 73 105
18.03% 14.08% -17.81% -9.52%
$255,000 $177 119 109
$255,000 $169 97 100
0.00% 4.53% 22.68% 9.00%
PALM DESERT NORTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$430,000 $207 47 76
$370,000 $191 41 81
16.22% 8.59% 14.63% -6.17%
$262,000 $181 66 86
$241,500 $167 50 98
8.49% 7.97% 32.00% -12.24%
SFR Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$550,000 $272 44 127
$420,000 $261 41 83
30.95% 4.34% 7.32% 53.01%
$260,000 $200 59 110
$224,900 $178 33 105
15.61% 12.46% 78.79% 4.76%
SFR
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$690,000 $423 57 68
$675,000 $339 61 104
2.22% 24.75% -6.56% -34.62%
$222,250 $209 86 71
$217,000 $199 61 104
2.42% 5.41% 40.98% -31.73%
PALM SPRINGS NORTH END Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2017
PALM SPRINGS CENTRAL Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
Q4 2017
PALM DESERT SOUTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$412,500 $279 78 59
$399,999 $228 81 103
3.13% 22.04% -3.70% -42.72%
$117,000 $170 51 60
$118,500 $171 42 81
-1.27% -0.73% 21.43% -25.93%
“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 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
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$690,000 $329 97 91
$660,000 $316 91 114
4.55% 4.19% 6.59% -20.18%
$225,000 $196 145 76
$223,750 $181 120 108
0.56% 8.34% 20.83% -29.63%
RANCHO MIRAGE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q4 2017
Q4 2016
% CHANGE
Q4 2017
Q4 2016
% CHANGE
$635,000 $256 113 105
$567,709 $221 82 100
11.85% 15.81% 37.80% 5.00%
$275,000 $166 75 100
$257,000 $156 72 133
7.00% 6.63% 4.17% -24.81%
“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 2017
deasypenner.com
WHAT’S NEW ON HOMEASART.COM
A Look At The Rialto Theatre Completed in 1925, the Rialto Theatre was designed by movie theatre architect Lewis A. Smith, who also designed the Vista in Los Feliz. The Rialto has an orchestra pit with balcony seating along both sides of the 30-foot stage. Recently featured in the movie LA LA Land, this historic venue is rumored to reopen as a church...
We share our passion for design on our blog
HomeAsArt.com Photography by Justin Juarez
The Market Report :: Q4 2017
Photography by Justin Juarez
deasypenner.com
An Architectural View Of Los Angeles City Hall
The Art & Design of the Korean Friendship Bell
Designed by John Parkinson, John
Donated in 1976, the Korean
C. Austin, and Albert C. Martin Sr.,
Friendship Bell celebrates the
Los Angeles City Hall was completed
bicentennial of the U.S. and is a
in 1928. The building houses the
symbolic measure of friendship
mayor’s office, meeting chambers
between the two countries. Located
and offices of the Los Angeles
in a stone pavilion in Angels Gate
City Council. For decades, City
Park, the bell is modeled after
Hall towered over the downtown
the Bronze Bell of King Songdok,
cityscape at 454 feet high. It was the
which was cast in 771 A.D. The bell
only building to significantly...
overlooks the Pacific Ocean...
Photography by Justin Juarez
The Market Report :: Q4 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
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