Q4 :: 2016
MARKET REPORT
deasy/penner&partners
YOUR GUIDE TO MARKET PERFORMANCE & ANALYSIS
la county :: market snapshot SINGLE FAMILY HOMES
CONDOMINIUM HOMES
Data*
Q4 2016
Q4 2015
% Change
Data*
Q4 2016
Q4 2015
% Change
Median Price
$580,000
$540,000
7.41%
Median Price
$437,500
$424,750
3.00%
$434
$407
6.74%
Avg. Price / Sq. Ft.
$413
$393
5.04%
Properties Sold
12,281
11,875
3.42%
Properties Sold
4,399
4,222
4.19%
Days on Market
53
61
-13.11%
Days on Market
53
59
-10.17%
Avg. Price / Sq. Ft.
MEDIAN PRICE
MEDIAN PRICE
$580,000
$437,500
vs Q4 2015
+7%
$540,000
DAYS ON THE MARKET
+3%
$424,750
PROPERTIES SOLD
53
61
Q4 2016
Q4 2015
DAYS
vs Q4 2015
4,399
4,222
Q4 2016
Q4 2015
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 2016
deasypenner.com
EXPLORE YOUR NEIGHBORHOOD
los angeles area NEIGHBORHOOD FOCUS Q4 2016 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
MED. SALE PRICE
AVG. $ / SQ. FT.
Baldwin Hills
1
$1,199,000
$447
Beverly Hills
45
$4,234,000
$1,385
Beverly Hills PO
33
$2,850,000
$891
Beverlywood
45
$1,334,000
$667
Beverly Center - Miracle
48
$1,575,000
$734
Brentwood
60
$2,834,000
$1,006
Cheviot Hills - Rancho Park
16
$1,659,000
$774
Culver City
45
$1,158,000
$766
Downtown LA
28
$330,500
$286
Hancock Park - Wilshire
67
$1,657,000
$682
Hollywood
15
$1,310,000
$662
Hollywood Hills East
34
$1,391,000
$655
Ladera Heights
6
$880,005
$430
Leimert Park
3
$665,000
$398
Los Feliz
45
$1,731,250
$664
Mid - Los Angeles
94
$608,750
$447
Silver Lake - Echo Park
81
$892,894
$694
Studio City
84
$1,317,500
$615
Sunset Strip - HH West
92
$1,695,500
$786
3
$784,000
$282
Westwood - Century City
57
$1,775,000
$828
West Hollywood
35
$1,709,050
$959
West LA
29
$1,005,000
$654
966
$1,504,150
$683
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 2016
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los angeles area
MEDIAN PRICE
Q4 2016 — Q4 2015 SINGLE FAMILY HOMES 2015 2016
$6M
$4.8M
$3.6M
$2.4M
$1.2M
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 2016
deasypenner.com
los angeles area NEIGHBORHOOD FOCUS Q4 2016 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
MED. SALE PRICE
AVG. $ / SQ. FT.
Baldwin Hills
1
$235,000
$310
Beverly Hills
31
$1,380,000
$747
Beverly Hills PO
NA
NA
NA
Beverlywood
11
$820,000
$570
Beverly Center - Miracle
20
$762,000
$590
Brentwood
43
$775,000
$616
Cheviot Hills - Rancho Park
NA
NA
NA
Culver City
57
$520,000
$496
Downtown LA
97
$610,000
$603
Hancock Park - Wilshire
30
$645,000
$521
Hollywood
30
$599,500
$548
Hollywood Hills East
10
$572,000
$478
3
$550,000
$372
NA
NA
NA
Los Feliz
6
$609,750
$560
Mid - Los Angeles
5
$399,000
$395
Silver Lake - Echo Park
12
$705,000
$522
Studio City
47
$610,000
$437
Sunset Strip - HH West
22
$595,000
$588
View Park
NA
NA
NA
134
$899,500
$637
West Hollywood
88
$695,000
$691
West LA
41
$805,000
$538
688
$672,987
$538
Ladera Heights 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 2016
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The Market Report :: Q4 2016
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 2016 CONDOMINIUM HOMES $1.4M
$1.05M
$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.
deasypenner.com
neighborhood spotlight
KOREATOWN Despite its nomenclature as a traditional ethnic enclave,
with younger folks—thanks to historic Art Deco
An Architectural View of the Wilshire Boulevard Temple in Koreatown
buildings, an ideal central location, and The LINE Hotel,
The Wilshire Boulevard Temple, known from
Koreatown is racially mixed and popular—particularly
which is ground zero for all things cool (Pot Lobby Bar, Poketo, Commissary, Break Room 86), and co-owned
1862 to 1933 as Congregation B’nai B’rith, is the oldest Jewish congregation in Los Angeles, California.
by beloved L.A. chef, Roy Choi. You’ll find lively crowds enjoying the city’s best Korean barbecue at Park’s BBQ, singing karaoke at Brass Monkey, and taking in a headlining act at the historic Wiltern. If you really want to go local, spend the day at Wi Spa, a 24/7 facility with hot and cold baths, progressive sauna rooms, spa treatments, and the vigorous body scrub that removes layers of skin and leaves you feeling like a baby.
The Market Report :: Q4 2016
View more on our blog
HomeAsArt.com
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
BALDWIN HILLS Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,199,000 $447 1 41
SFR Q4 2015 NA NA NA NA
BEVERLY HILLS Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$4,234,000 $1,385 45 94
Q4 2015 $5,491,250 $1,193 30 71
Q4 2015
% CHANGE
NA NA NA NA
$235,000 $310 1 50
$175,000 $305 3 14
34.29% 1.53% -66.67% 257.14%
CONDO
% CHANGE
Q4 2016
Q4 2015
% CHANGE
-22.90% 16.04% 50.00% 32.39%
$1,380,000 $747 31 72
$1,200,000 $711 25 75
15.00% 5.08% 24.00% -4.00%
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$2,850,000 $891 33 93
$2,850,000 $929 45 84
0.00% -4.10% -26.67% 10.71%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SFR
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$1,334,000 $667 45 55
$1,007,500 $660 38 54
32.41% 1.00% 18.42% 1.85%
$820,000 $570 11 49
$672,500 $484 14 81
21.93% 17.72% -21.43% -39.51%
BEVERLY CENTER :: MIRACLE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q4 2016
SFR
BEVERLYWOOD Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
SFR
BEVERLY HILLS PO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$1,575,000 $734 48 58
$1,546,250 $758 40 54
1.86% -3.20% 20.00% 7.41%
$762,000 $590 20 73
$759,500 $555 26 40
0.33% 6.19% -23.08% 82.50%
“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 2016
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
BRENTWOOD
SFR Q4 2016
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$2,834,000 $1,006 60 80
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
-4.26% -9.52% 9.09% 26.98%
$775,000 $616 43 57
$770,000 $602 59 49
0.65% 2.24% -27.12% 16.33%
$2,960,000 $1,112 55 63
CHEVIOT HILLS :: RANCHO PARK Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,659,000 $774 16 79
Q4 2015 $1,623,000 $763 13 42
CULVER CITY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
% CHANGE
Q4 2016
Q4 2015
% CHANGE
2.22% 1.43% 23.08% 88.10%
NA NA NA NA
$1,200,000 $527 1 50
NA NA NA NA
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$1,158,000 $766 45 43
$1,050,000 $695 60 55
10.29% 10.23% -25.00% -21.82%
$520,000 $496 57 36
$445,500 $477 62 37
16.72% 4.11% -8.06% -2.70%
SFR
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$330,500 $286 28 52
$305,000 $262 25 51
8.36% 9.33% 12.00% 1.96%
$610,000 $603 97 87
$559,000 $598 103 68
9.12% 0.77% -5.83% 27.94%
HANCOCK PARK :: WILSHIRE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
DOWNTOWN LA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$1,657,000 $682 67 63
$1,353,000 $668 66 53
22.47% 2.15% 1.52% 18.87%
$645,000 $521 30 83
$494,500 $471 36 63
30.43% 10.71% -16.67% 31.75%
“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 2016
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
HOLLYWOOD
SFR Q4 2016
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,310,000 $662 15 24
Q4 2015 $849,000 $571 19 54
HOLLYWOOD HILLS EAST Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,391,000 $655 34 53
Q4 2015 $1,200,000 $605 37 59
LADERA HEIGHTS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q4 2016
Q4 2015
% CHANGE
54.30% 16.06% -21.05% -55.56%
$599,500 $548 30 59
$615,500 $533 26 70
-2.60% 2.83% 15.38% -15.71%
SFR
CONDO
% CHANGE
Q4 2016
Q4 2015
% CHANGE
15.92% 8.32% -8.11% -10.17%
$572,000 $478 10 68
$527,500 $411 10 80
8.44% 16.38% 0.00% -15.00%
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$880,005 $430 6 59
$975,000 $378 15 43
-9.74% 13.78% -60.00% 37.21%
$550,000 $372 3 121
$365,199 $311 3 78
50.60% 19.53% 0.00% 55.13%
SFR
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$665,000 $398 3 33
$627,550 $296 1 69
5.97% 34.57% 200.00% -52.17%
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
% CHANGE
SFR
LEIMERT PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$1,731,250 $664 45 53
$1,515,000 $648 44 53
14.27% 2.40% 2.27% 0.00%
$609,750 $560 6 50
$567,500 $505 12 72
7.44% 10.86% -50.00% -30.56%
“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 2016
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
MID LOS ANGELES Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$608,750 $447 94 50
SFR Q4 2015 $550,000 $393 98 43
SILVER LAKE :: ECHO PARK Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$892,894 $694 81 58
Q4 2015 $854,500 $604 104 43
STUDIO CITY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q4 2016
Q4 2015
% CHANGE
10.68% 13.70% -4.08% 16.28%
$399,000 $395 5 26
$300,000 $380 7 43
33.00% 1 3.86% -28.57% -39.53%
SFR
CONDO
% CHANGE
Q4 2016
Q4 2015
% CHANGE
4.49% 15.00% -22.12% 34.88%
$705,000 $522 12 47
$612,450 $504 14 41
15.11% 3.51% -14.29% 14.63%
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$1,317,500 $615 84 64
$1,325,000 $606 85 58
-0.57% 1.51% -1.18% 10.34%
$610,000 $437 47 74
$538,000 $400 43 68
13.38% 9.17% 9.30% 8.82%
SFR
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$1,695,500 $786 92 67
$1,692,500 $814 116 73
0.18% -3.51% -20.69% -8.22%
$595,000 $588 22 49
$501,000 $550 24 72
18.76% 7.01% -8.33% -31.94%
VIEW PARK Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
SFR
SUNSET STRIP :: HH WEST Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$1,020,000 $282 3 58
$784,000 $335 3 100
-23.14% -15.66% 0.00% -42.00%
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 2016
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MARKET PERFORMANCE BY NEIGHBORHOOD :: LOS ANGELES AREA
WESTWOOD :: CENTURY CITY Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,775,000 $828 57 58
Q4 2015 $1,806,500 $841 43 64
WEST HOLLYWOOD Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$1,709,050 $959 35 59
CONDO
% CHANGE
Q4 2016
Q4 2015
% CHANGE
-1.74% -1.55% 32.56% -9.38%
$899,500 $637 134 68
$771,150 $606 138 69
16.64% 5.15% -2.90% -1.45%
SFR Q4 2015 $1,512,500 $897 34 65
WEST LA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
CONDO
% CHANGE
Q4 2016
Q4 2015
% CHANGE
13.00% 6.97% 2.94% -9.23%
$695,000 $691 88 57
$639,000 $646 99 51
8.76% 7.06% -11.11% 11.76%
SFR
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$1,005,000 $654 29 42
$1,067,375 $777 34 57
-5.84% -15.83% -14.71% -26.32%
$805,000 $538 41 40
$683,472 $518 46 56
17.78% 3.89% -10.87% -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 2016
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westside la area
NEIGHBORHOOD FOCUS Q4 2016 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
6
$5,550,000
$2,272
Malibu
37
$2,450,000
$901
Marina Del Rey
16
$1,292,500
$813
Pacific Palisades
53
$3,268,000
$1,023
Palms - Mar Vista
82
$1,500,000
$791
3
$2,100,000
$681
Santa Monica
50
$2,285,000
$1,210
Venice
49
$1,856,000
$1,246
296
$2,537,688
$1,117
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 2016
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westside la area
PROPERTIES SOLD Q4 2016
SINGLE FAMILY HOMES
82 53 49 Venice
Santa Monica
Pacific Palisades
Palms Mar Vista
50 37
6
3 Playa Vista
Malibu Beach
Marina del Rey
Malibu
16
“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 2016
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westside la area
NEIGHBORHOOD FOCUS Q4 2016 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Malibu Beach
1
$787,000
$798
Malibu
3
$695,000
$548
Marina Del Rey
84
$860,000
$646
Pacific Palisades
21
$890,000
$585
Palms - Mar Vista
29
$639,000
$521
Playa Vista
32
$972,500
$622
Santa Monica
95
$1,040,000
$892
Venice
14
$1,100,500
$855
279
$873,000
$683
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 2016
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westside la area
PROPERTIES SOLD CHANGE Q4 2016 — Q4 2015
CONDOMINIUM HOMES 2015
2016
% Change
-7%
+6%
90
60
-22%
+78%
+40%
30
+56%
0
-75%
-57%
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 2016
deasypenner.com
neighborhood spotlight
PLAYA DEL REY This coastal community, known for its rolling hills that rise up to 125-feet above sea level, offers its residents
A Look Inside Brooke William’s Playa Provisions
impressive vistas, modern condos, and beachfront lots.
Playa Provisions is the third endeavor for
A prime Silicon Beach location (Facebook LA, YouTube
Top Chef runner-up Brooke Williamson and
Space LA, and Microsoft are within minutes), Playa Del
husband Nick Roberts. The unique model has
Rey sits next to Marina del Rey, Ballona Creek, Playa Vista, and one of L.A.’s cleanest and least crowded beaches. The upscale residential neighborhood is no
four different restaurant concepts nestled within one 7,000-square foot, beach side location, including a bright and fun ice cream shop (with all ice creams made in-house) called Small Batch ; a casual market counter serving...
longer a sleepy beach community: Top Chef runner-up Brooke Williamson’s Playa Provisions houses a high-end restaurant, whiskey bar, casual market counter, and ice cream shop, and the beer and burger selection at The Tripel is on point. Get a taste of old school Playa at the cheese wedge-shaped Harbor Room, which is L.A.’s smallest bar. View more on our blog
HomeAsArt.com
The Market Report :: Q4 2016
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MARKET PERFORMANCE BY NEIGHBORHOOD :: WESTSIDE AREA
MALIBU BEACH Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$5,550,000 $2,272 6 238
SFR Q4 2015 $6,150,000 $2,103 13 184
MALIBU $2,450,000 $901 37 144
Q4 2015 $2,310,000 $949 49 145
MARINA DEL REY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q4 2015
% CHANGE
-9.76% 8.02% -53.85% 29.35%
$787,000 $798 1 262
$1,005,000 $912 4 41
-21.69% -12.48% -75.00% 539.02%
CONDO
% CHANGE
Q4 2016
Q4 2015
% CHANGE
6.06% -4.99% -24.49% -0.69%
$695,000 $548 3 61
$576,000 $632 7 106
20.66% -13.35% -57.14% -42.45%
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$1,292,500 $813 16 47
$1,830,000 $678 11 66
-29.37% 19.90% 45.45% -28.79%
$860,000 $646 84 61
$880,000 $586 79 55
-2.27% 10.17% 6.33% 10.91%
SFR
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$3,268,000 $1,023 53 72
$2,610,000 $985 61 71
25.21% 3.89% -13.11% 1.41%
$890,000 $585 21 65
$862,500 $618 15 73
3.19% -5.32% 40.00% -10.96%
PALMS :: MAR VISTA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q4 2016
SFR
PACIFIC PALISADES Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
SFR Q4 2016
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$1,500,000 $791 82 46
$1,271,500 $761 88 46
17.97% 3.98% -6.82% 0.00%
$639,000 $521 29 47
$630,000 $486 37 52
1.43% 7.35% -21.62% -9.62%
“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
SFR Q4 2016
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$2,100,000 $681 3 66
Q4 2015 $2,495,000 $766 3 24
SANTA MONICA Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$2,285,000 $1,210 50 58
% CHANGE
Q4 2016
Q4 2015
% CHANGE
-15.83% -11.14% 0.00% 175.00%
$972,500 $622 32 44
$927,500 $638 18 26
4.85% -2.51% 77.78% 69.23%
SFR Q4 2015 $2,547,500 $1,162 50 56
VENICE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
CONDO
% CHANGE
Q4 2016
Q4 2015
% CHANGE
-10.30% 4.16% 0.00% 3.57%
$1,040,000 $892 95 55
$1,059,250 $848 102 71
-1.82% 5.23% -6.86% -22.54%
SFR
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$1,856,000 $1,246 49 57
$1,718,500 $1,200 54 55
8.00% 3.80% -9.26% 3.64%
$1,100,500 $855 14 81
$1,280,000 $820 9 28
-14.02% 4.24% 55.56% 189.29%
“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 2016 NEIGHBORHOOD
SINGLE FAMILY HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
49
$665,000
$456
114
$1,179,000
$543
Altadena
88
$778,000
$468
Bradbury
5
$1,140,000
$500
53
$788,630
$526
123
$610,000
$369
Highland Park
93
$714,000
$577
La Crescenta / Glendale
87
$785,000
$505
La Cañada Flintridge
58
$1,675,000
$616
Monrovia
77
$620,000
$438
Mount Washington
37
$730,000
$508
Pasadena NE
109
$791,500
$492
Pasadena NW
41
$950,000
$516
Pasadena SE
62
$980,500
$567
Pasadena SW
20
$1,257,750
$746
Rosemead / South San Gabriel
46
$531,000
$428
San Gabriel
65
$770,000
$1,284
San Marino
30
$2,129,000
$845
Sierra Madre
20
$950,000
$593
South Pasadena
35
$1,300,000
$667
Sunland / Tujunga
96
$567,000
$402
TOTAL/AVERAGE
1,308
$948,161
$574
Alhambra Arcadia
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.
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pasadena + san gabriel valley area
AVERAGE DAYS ON MARKET
Q4 2016 SINGLE FAMILY HOMES 125
53
52
56
Pasadena SE
Pasadena NW
Pasadena NE
Mount Washington
Monrovia
La Cañada Flintridge
44
La Crescenta / Glendale
Highland Park
Glendora
Eagle Rock
Bradbury
Altadena
Arcadia
Alhambra
40
63
62
52
50 38
Sunland / Tujunga
53
58
South Pasadena
52
64
Sierra Madre
56
San Gabriel
54
Rosemead / South San Gabriel
50
71
Pasadena SW
58
San Marino
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 2016
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pasadena + san gabriel valley area
NEIGHBORHOOD FOCUS Q4 2016 NEIGHBORHOOD
CONDOMINIUM HOMES
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Alhambra
38
$474,000
$390
Arcadia
54
$649,000
$398
Altadena
2
$342,500
$384.29
Bradbury
NA
NA
NA
1
$385,000
$392
28
$475,000
$306
5
$352,000
$448
29
$459,000
$414
4
$940,000
$486
Monrovia
17
$425,000
$345
Mount Washington
NA
NA
NA
Pasadena NE
24
$494,500
$417
Pasadena NW
5
$588,000
$517
Pasadena SE
82
$497,000
$481
Pasadena SW
36
$889,250
$568
Rosemead / South San Gabriel
10
$405,750
$314
San Gabriel
15
$490,000
$366
San Marino
NA
NA
NA
5
$665,000
$396
South Pasadena
11
$630,000
$520
Sunland / Tujunga
33
$400,000
$318
TOTAL/AVERAGE
399
$531,167
$414
Eagle Rock Glendora Highland Park La Crescenta / Glendale La Cañada Flintridge
Sierra Madre
“Source: The MLS/CARETS | Note: Some neighborhoods or areas may generate small sample sizes which may skew data in any one reporting period. This may be due to low turnover or off-market, non-MLS sales.
The Market Report :: Q4 2016
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neighborhood spotlight
ALHAMBRA Located in the western San Gabriel Valley, just eight miles from Downtown Los Angeles, Alhambra is known
Izakaya Akatora :: Michael Cardenas New Eatery
for its high population of Asian Americans (almost half
Led by serial restaurateur Michael Cardenas,
of the city), top-rated elementary and high schools,
his most recent izakaya concept is tucked onto
and some of the best dim sum this side of the Pacific.
Main Street in the heart of Alhambra. On the
Predominant architecture styles in the area include Colonial Revival, Craftsman, Modern, Monterey, Ranch,
menu, guests can enjoy creative meat skewers and small plates, with a late night menu that will include ramen.
Spanish Colonial Revival, Tudor Revival, and Victorian. Check out Alhambra Place, a modern 120,000-squarefoot retail center on the corner of Main and Garfield, along with the Sunday Farmer’s Market, and spacious Granada Park. Each February, Valley Boulevard hosts the Alhambra Lunar New Year Celebration, featuring an art exhibit and street festival that draws 25,000 people.
Photography by Shant Kiraz
View more on our blog
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MARKET PERFORMANCE BY NEIGHBORHOOD :: PASADENA + SGV AREA
ALHAMBRA
SFR Q4 2016
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$665,000 $456 49 50
Q4 2015 $575,000 $420 60 55
ARCADIA $1,179,000 $543 114 71
Q4 2015 $1,375,000 $548 117 74
ALTADENA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q4 2015
% CHANGE
15.65% 8.57% -18.33% -9.09%
$474,000 $390 38 72
$461,000 $343 32 56
2.82% 13.52% 18.75% 28.57%
CONDO
% CHANGE
Q4 2016
Q4 2015
% CHANGE
-14.25% -0.88% -2.56% -4.05%
$649,000 $398 54 61
$625,000 $401 54 76
3.84% -0.96% 0.00% -19.74%
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$778,000 $468 88 58
$700,000 $448 108 73
11.14% 4.44% -18.52% -20.55%
$342,500 $384 2 69
NA NA NA NA
NA NA NA NA
SFR
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$1,140,000 $500 5 125
$5,825,000 $766 2 136
-80.43% -34.78% 150.00% -8.09%
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
Q4 2016
SFR
BRADBURY Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
SFR Q4 2016
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$788,630 $526 53 54
$685,000 $514 53 62
15.13% 2.25% 0.00% -12.90%
$385,000 $392 1 82
$450,500 $378 2 53
-14.54% 3.80% -50.00% 54.72%
“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
SFR Q4 2016
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$610,000 $369 123 52
Q4 2015 $535,000 $348 107 70
HIGHLAND PARK
CONDO
% CHANGE
Q4 2016
Q4 2015
% CHANGE
14.02% 6.14% 14.95% -25.71%
$475,000 $306 28 75
$420,000 $291 5 139
13.00% 5.16% 460.00% -46.04%
SFR
CONDO
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$617,250 $491 66 53
15.67% 17.38% 40.91% -24.53%
$352,000 $448 5 39
$320,000 $362 5 50
10.00% 23.62% 0.00% -22.00%
LA CRESCENTA :: GLENDALE
SFR
Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$714,000 $577 93 40
Q4 2015
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$785,000 $505 87 56
$736,000 $485 76 47
6.66% 4.22% 14.47% 19.15%
$459,000 $414 29 47
$465,100 $360 24 61
-1.31% 14.94% 20.83% 22.95%
LA CAÑADA FLINTRIDGE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$1,675,000 $616 58 64
$1,650,000 $631 61 62
1.52% -2.45% -4.62% 3.23%
$940,000 $486 4 59
$920,000 $441 1 14
2.17% 10.06% 300.00% 321.43%
MONROVIA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$620,000 $438 77 53
$650,000 $425 61 71
-4.62% 3.04% 26.23% -25.35%
$425,000 $345 17 50
$390,500 $343 26 68
8.83% 0.46% -34.62% -26.47%
“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 Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$730,000 $508 37 53
SFR Q4 2015 $775,000 $524 37 46
PASADENA NE Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$791,500 $492 109 52
Q4 2015 $692,500 $487 102 54
Q4 2015
% CHANGE
-5.81% -3.06% 0.00% 15.22%
NA NA NA NA
NA NA NA NA
NA NA NA NA
CONDO
% CHANGE
Q4 2016
Q4 2015
% CHANGE
14.30% 0.96% 6.86% -3.70%
$494,500 $417 24 46
$472,000 $378 23 43
4.77% 10.33% 4.35% 6.98%
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$950,000 $516 41 71
$730,000 $505 47 59
30.14% 2.23% -12.77% 20.34%
$588,000 $517 5 106
$585,125 $398 8 43
0.49% 29.95% -37.50% 146.51%
SFR
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$980,500 $567 62 58
$1,090,000 $575 34 73
-10.05% 1.41% 82.35% -20.55%
$497,000 $481 82 53
$520,000 $457 94 60
-4.42% 5.33% -12.77% -11.67%
PASADENA SW Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q4 2016
SFR
PASADENA SE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
SFR
PASADENA NW Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$1,257,750 $746 20 44
$1,125,000 $630 27 72
11.80% 18.52% -25.93% -38.89%
$889,250 $568 36 58
$660,250 $481 28 72
34.68% 18.13% 28.57% -19.44%
“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 Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$531,000 $428 46 56
Q4 2015 $535,000 $394 48 54
SAN GABRIEL $770,000 $1,284 65 38
Q4 2015 $703,500 $438 60 57
SAN MARINO Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q4 2016
Q4 2015
% CHANGE
-0.75% 8.59% -4.17% 3.70%
$405,750 $314 10 36
$388,000 $302 9 58
4.57% 3.84% 11.11% -37.93%
CONDO
% CHANGE
Q4 2016
Q4 2015
% CHANGE
9.45% 193.11% 8.33% -33.33%
$490,000 $366 15 46
$549,990 $341 23 48
-10.91% 7.50% -34.78% 4.17%
SFR
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$2,129,000 $845 30 62
$2,250,000 $833 32 50
-5.38% 1.45% -6.25% 24.00%
NA NA NA NA
NA NA NA NA
NA NA NA NA
SIERRA MADRE Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$950,000 $593 20 50
$920,000 $487 29 65
3.26% 21.78% -31.03% -23.08%
$665,000 $396 5 48
$607,000 $442 10 46
9.56% -10.34% -50.00% 4.35%
S. PASADENA Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR Q4 2016
Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$1,300,000 $667 35 63
$1,289,500 $577 32 50
0.81% 15.47% 9.38% 26.00%
$630,000 $520 11 32
$540,000 $469 17 45
16.67% 11.04% -35.29% -28.89%
“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 Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$567,000 $402 96 52
SFR Q4 2015 $505,099 $382 100 62
CONDO
% CHANGE
Q4 2016
Q4 2015
% CHANGE
12.26% 5.24% -4.00% -16.13%
$400,000 $318 33 54
$338,000 $279 24 42
18.34% 13.84% 37.50% 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.
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coachella valley area
NEIGHBORHOOD FOCUS Q4 2016
SINGLE FAMILY HOMES
NEIGHBORHOOD
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Cathedral City North
108
$285,000
$160
Cathedral City South
38
$329,000
$192
Indian Wells
44
$780,000
$284
La Quinta No of HWY 111
42
$355,000
$170
La Quinta S.Of H
212
$509,000
$226
Palm Desert East
71
$350,000
$184
Palm Desert North
41
$370,000
$191
Palm Desert South
41
$420,000
$261
Palm Springs Central
59
$670,000
$340
Palm Springs North End
81
$399,999
$228
Palm Springs South End
88
$648,627
$314
Rancho Mirage
82
$567,709
$221
907
$437,695
$231
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
Q4 2016 — Q4 2015 SINGLE FAMILY HOMES 2015 2016 $500k
$375k
$250k
$125k
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
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 2016
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coachella valley area
NEIGHBORHOOD FOCUS Q4 2016
CONDOMINIUM HOMES
NEIGHBORHOOD
# OF SALES
MED. SALE PRICE
PRICE / SQ. FT.
Cathedral City North
17
$115,000
$111
Cathedral City South
28
$169,950
$126
Indian Wells
20
$416,000
$186
La Quinta No of HWY 111
11
$193,000
$195
La Quinta S.Of H
42
$317,250
$196
Palm Desert East
97
$255,000
$169
Palm Desert North
49
$238,000
$166
Palm Desert South
33
$224,900
$178
Palm Springs Central
61
$217,000
$199
Palm Springs North End
42
$118,500
$171
Palm Springs South End
120
$223,750
$181
72
$257,000
$156
592
$228,779
$169
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
The Art & Design Of Coachella :: 2016
is a haven for design buffs, heat seekers, and the LGBT
From a circular, mirrored rest area to pillar-like
community. From stylish boutique hotels and high-end
structures, today we tour through Coachella’s
vintage shopping to the annual Modernism Week, the
captivating art installations.
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, 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 Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$285,000 $160 108 78
Q4 2015 $272,000 $154 77 83
CATHEDRAL CITY SOUTH Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$329,000 $192 38 111
Q4 2015 $297,000 $181 19 136
INDIAN WELLS Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
Q4 2016
Q4 2015
% CHANGE
4.78% 4.09% 40.26% -6.02%
$115,000 $111 17 179
$125,000 $111 15 121
-8.00% 0.00% 13.33% 47.93%
SFR
CONDO
% CHANGE
Q4 2016
Q4 2015
% CHANGE
10.77% 6.10% 100.00% -18.38%
$169,950 $126 28 146
$146,917 $117 26 95
15.68% 7.18% 7.69% 53.68%
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$780,000 $284 44 119
$701,500 $253 38 137
11.19% 12.19% 15.79% -13.14%
$416,000 $186 20 119
$354,000 $199 24 142
17.51% -6.62% -16.67% -16.20%
SFR
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$355,000 $170 42 78
$373,500 $1755 49 103
-4.95% -2.87% -14.29% -24.27%
$193,000 $195 11 135
$179,500 $127 2 105
7.82% 53.57% 450.00% 28.57%
LA QUINTA S. OF H Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
LA QUINTA NO OF HWY 111 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
SFR
SFR
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$509,000 $226 212 108
$469,500 $228 206 131
8.41% -0.72% 2.91% -17.56%
$317,250 $196 42 117
$314,500 $191 32 139
0.87% 2.18% 31.25% -15.83%
“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 :: COACHELLA VALLEY AREA
PALM DESERT EAST Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$350,000 $184 71 106
SFR Q4 2015 $305,000 $188 65 117
PALM DESERT NORTH Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$370,000 $191 41 83
Q4 2015 $371,671 $186 54 123
Q4 2015
% CHANGE
14.75% -2.08% 9.23% -9.40%
$255,000 $169 97 101
$240,000 $169 69 113
6.25% 0.00% 40.58% -10.62%
CONDO
% CHANGE
Q4 2016
Q4 2015
% CHANGE
-0.45% 2.68% -24.07% -32.52%
$238,000 $166 49 100
$265,000 $180 38 112
-10.19% -7.63% 28.95% -10.71%
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$420,000 $261 41 85
$461,500 $251 38 113
-8.99% 4.10% 7.89% -24.78%
$224,900 $178 33 112
$259,000 $179 49 106
-13.17% -0.41% -32.65% 5.66%
SFR
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$670,000 $340 59 102
$600,000 $342 53 143
11.67% -0.43% 11.32% -28.67%
$217,000 $199 61 104
$216,800 $200 73 95
0.09% -0.65% -16.44% 9.47%
PALM SPRINGS NORTH END Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
Q4 2016
SFR
PALM SPRINGS CENTRAL Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
% CHANGE
SFR
PALM DESERT SOUTH Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
CONDO
SFR
CONDO
Q4 2016
Q4 2015
% CHANGE
Q4 2016
Q4 2015
% CHANGE
$399,999 $228 81 104
$390,000 $227 83 92
2.56% 0.59% -2.41% 13.04%
$118,500 $171 42 81
$135,000 $173 43 79
-12.22% -1.05% -2.33% 2.53%
“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.
The Market Report :: Q4 2016
deasypenner.com
MARKET PERFORMANCE BY NEIGHBORHOOD :: COACHELLA VALLEY AREA
PALM SPRINGS SOUTH END Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$648,627 $314 88 118
Q4 2015 $628,000 $298 67 91
RANCHO MIRAGE Q4 2016 Median Price Avg Price / Sq. Ft. Properties Sold Days on Market
$567,709 $221 82 101
SFR
CONDO
% CHANGE
Q4 2016
Q4 2015
% CHANGE
3.28% 5.31% 31.34% 29.67%
$223,750 $181 120 108
$228,000 $176 101 98
-1.86% 2.44% 18.81% 10.20%
SFR Q4 2015 $622,500 $240 67 147
CONDO
% CHANGE
Q4 2016
Q4 2015
% CHANGE
-8.80% -7.78% 22.39% -31.29%
$257,000 $156 72 139
$295,000 $162 55 111
-12.88% -3.74% 30.91% 25.23%
“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 2016
deasypenner.com
WHAT’S NEW ON HOMEASART.COM
Pantone Announces 2017 Color of the Year :: dpp Green! Pantone has announced its Color of the Year for 2017: a refreshing and revitalizing shade called “greenery” that evokes the first days of spring. Here’s a roundup of our favorite dpp listings with vibrant hints of greenery.
We share our passion for design on our blog
HomeAsArt.com Photography by Brian Linder
The Market Report :: Q4 2016
deasypenner.com
Pierre Koenig’s Historic Case Study House #21
Torun Captures Modern Architecture in Turkey
Built in 1958, the Bailey House
Here’s a look at artist Yener Torun’s
was designed by architect Pierre
photography series that offers an
Koenig as part of the Case Study
alternative view of historic Turkish
House program sponsored Arts &
cities. He captures highly saturated
Architecture magazine. Case Study
scenes of modern buildings
House #21 is a perfect example of
with bold geometric shapes and
mid-century modern style and is for
symmetry.
sale in the Hollywood Hills.
Photography by Grant Mudford
The Market Report :: Q4 2016
Photography by cimkedi
deasypenner.com
CONTACT US
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deasy/penner&partners is available to assist you with all your residential real estate needs. Should you be thinking about selling a property - or should you be in the market for a home or condominium, please contact us. Pasadena | Hancock Park | Venice | Santa Monica | Palm Springs 310.275.1000 626.683.0777 info@deasypenner.com
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