PARTNERS TRUST QUARTERLY LOS ANGELES MARKET REPORT 2016 | Q2
Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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Featured on cover: 748 Amalfi Drive Pacific Palisades. Record neighborhood sale and a top 2nd quarter Los Angeles market sale. Listed by Hugh Evans III.
It is with great pleasure that I welcome you to Partners Trust's 2016 Second Quarter Real Estate Market Report. As a conscientious brokerage, we take great care in evaluating the Los Angeles market each quarter and applying insights to our forthcoming practices. Our second quarter of 2016 was marked by colossal milestones in sales. We are poised to close year-end sales at approximately $2.5 billion — our best year to date. We closed June sales at $318,205,953, a 48 percent increase over last June, and Q1 and Q2 closed at a combined $1,074,215,420, a 19 percent increase from last year. Average home sale price for the Los Angeles market this quarter increased 7.4 percent over last year. Notable neighborhood increases include Malibu Beach where single family residence sales averaged $7,940,556, climbing 43 percent; El Segundo where single family residence sales averaged $1,359,426, up 30.81 percent and condos increased 43.53 percent; Manhattan Beach where condo sales averaged $1,453,750, up 35.3 percent over last year and Highland Park where single family residence sales averaged $663,972, up 11.14 percent.
Partners Trust has been named by Los Angeles Business Journal as one of the Best Places to Work for the seventh consecutive year — the only Los Angeles brokerage to accomplish this. We are fortunate to work with an exceptional team in the best real estate market in the world. If you have any questions please do not hesitate to call me or any of our 240 associates.
Sincerely yours,
Lisa Kirshner Partner Partners Trust Real Estate Brokerage & Acquisitions
Within these pages, you’ll find detailed sales figures and trends within each major region of Los Angeles. You’ll also find stories representing the overarching themes of the second quarter for our company. You’ll learn of the benefactors of our team’s remarkable charitable giving efforts, three vast new-to-market estates that offer semi-retired second act careers and three Los Angeles neighborhoods to watch with input from our growing commercial team.
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LOS ANGELES & WESTSIDE
4
COASTAL COMMUNITIES
5
THE HILLS
8
WESTSIDE
9
HOLLYWOOD HILLS & MID-CITY
12
SAN GABRIEL VALLEY
13
24
WESTSIDE/SOUTH METRO LOS ANGELES
PASADENA
25
LA CAÑADA FLINTRIDGE
SAN FERNANDO VALLEY
18
SAN FERNANDO VALLEY WEST OF 405
SAN FERNANDO VALLEY
19
SAN FERNANDO VALLEY EAST OF 405
28
NORTHEAST LOS ANGELES
29
EAST SAN GABRIEL VALLEY
SOUTH BAY
34
MANHATTAN BEACH & ADJACENT COMMUNITIES
SPECIAL FEATURES
35
PARTNERS TRUST CHARITABLE GIVING
37
SERVING UP A “SECOND ACT” CAREER IN THE COUNTRYSIDE
39
PARTNERS TRUST COMMERCIAL FORECASTS THREE L.A. ENCLAVES TO INVEST IN NOW
41
IN LOVING MEMORY OF TANAZ AKHLAGHI
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LOS ANGELES & WESTSIDE
Average sold price increased year over year in all of the coastal communities with the exception of Pacific Palisades, with the most dramatic increase in the Malibu Beach area at 43.2% from $5,544,962 in 2015 to $7,940,556 in 2016. Single family residence sales increased 130% in Marina Del Rey from 10 in 2015 to 23 in 2016, and Condo sales increased 133.33% in Pacific Palisades from 12 in 2015 to 28 in 2016. Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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Coastal Communities Santa Monica & Adjacent Communities
Number of Sales
Malibu
Malibu Beach
Marina Del Rey
Pacific Palisades
Palms - Mar Vista
Santa Monica
Topanga
Venice
Westchester
Average Sold Price
Days on Market
TYPE
2015
2016
% CHANGE
2015
2016
% CHANGE
2015
2016
% CHANGE
SFR
51
48
-5.88%
$2,976,981
$3,092,837
3.89%
153
100
-34.64%
CONDO
20
15
-25.00%
$862,425
$1,506,800
74.72%
94
71
-24.47%
SFR
13
13
0.00%
$5,544,962
$7,940,556
43.20%
154
169
9.74%
CONDO
9
6
-33.33%
$978,333
$1,633,917
67.01%
122
159
30.33%
SFR
10
23
130.00%
$1,476,410
$1,647,957
11.62%
48
57
18.75%
CONDO
85
92
8.24%
$958,420
$925,174
-3.47%
80
56
-30.00%
SFR
99
72
-27.27%
$3,450,741
$3,323,627
-3.68%
53
62
16.98%
CONDO
12
28
133.33%
$1,113,667
$956,022
-14.16%
45
52
15.56%
SFR
106
102
-3.77%
$1,281,026
$1,429,477
11.59%
39
46
17.95%
CONDO
36
30
-16.67%
$486,431
$598,696
23.08%
65
31
-52.31%
SFR
75
69
-8.00%
$2,694,943
$2,752,825
2.15%
38
39
2.63%
CONDO
148
105
-29.05%
$1,225,045
$1,311,189
7.03%
55
51
-7.27%
SFR
27
35
29.63%
$1,052,141
$1,204,771
14.51%
95
81
-14.74%
CONDO
2
1
-50.00%
$239,855
$212,500
-11.40%
60
1
-98.33%
SFR
60
56
-6.67%
$2,072,379
$2,260,594
9.08%
51
67
31.37%
CONDO
10
10
0.00%
$1,378,400
$1,441,200
4.56%
137
60
-56.20%
SFR
88
74
-15.91%
$1,066,417
$1,124,668
5.46%
32
40
25.00%
CONDO
16
11
-31.25%
$506,063
$507,273
0.24%
57
20
-64.91%
Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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The Hills Beverly Hills & Adjacent Communities
Number of Sales
Beverly Hills
Beverly Hills P.O.
Bel Air - Holmby Hills
Average Sold Price
Days on Market
TYPE
2015
2016
% CHANGE
2015
2016
% CHANGE
2015
2016
% CHANGE
SFR
60
34
-43.33%
$6,108,543
$6,832,926
11.86%
70
71
1.43%
CONDO
37
30
-18.92%
$1,080,139
$1,318,217
22.04%
75
80
6.67%
SFR
43
38
-11.63%
$3,347,896
$2,909,051
-13.11%
98
97
-1.02%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
SFR
44
44
0.00%
$5,622,499
$4,630,034
-17.65%
67
102
52.24%
CONDO
1
7
600.00%
$480,000
$886,143
84.61%
80
82
2.50%
Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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Number of sales in Bel Air, Holmby Hills and Beverly Hills P.O. stayed relatively level, but dropped in Beverly Hills, with 43.33% fewer single family residences from 60 in 2015 to 34 in 2016. Average sales price increased 11.86% in Beverly Hills from $6,108,543 in 2015 to $6,832,926 in 2016. Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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Average sold price increased in every Westside neighborhood for both single family residences and condos. Number of sales in Beverlywood increased, selling 12.5% more single family residences from 56 in 2015 to 63 in 2016 and 58.33% more condos from 12 in 2015 to 19 in 2016. Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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The Westside Beverlywood & Adjacent Communities
Number of Sales
Beverlywood
Brentwood.
Cheviot HillsRancho Park
WestwoodCentury City
Average Sold Price
Days on Market
TYPE
2015
2016
% CHANGE
2015
2016
% CHANGE
2015
2016
% CHANGE
SFR
56
63
12.50%
$1,162,574
$1,321,394
13.66%
42
38
-9.52%
CONDO
12
19
58.33%
$675,324
$738,793
9.40%
50
46
-8.00%
SFR
72
73
1.39%
$3,317,946
$4,045,317
21.92%
53
57
7.55%
CONDO
71
65
-8.45%
$832,996
$1,008,914
21.12%
60
57
-5.00%
SFR
25
21
-16.00%
$1,912,931
$2,097,857
9.67%
45
45
0.00%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
SFR
40
54
35.00%
$2,117,800
$2,570,133
21.36%
33
43
30.30%
CONDO
179
152
-15.08%
$1,062,943
$1,149,396
8.13%
71
68
-4.23%
Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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Hollywood Hills & Mid-City Hollywood Hills & Adjacent Communities
Number of Sales
Beverly Center - Miracle Mile
Hancock Park - Wilshire
Hollywood Hills East
Sunset Strip - Hollywood Hills West
West Hollywood
Average Sold Price
Days on Market
TYPE
2015
2016
% CHANGE
2015
2016
% CHANGE
2015
2016
% CHANGE
SFR
59
51
-13.56%
$1,687,534
$1,895,187
12.31%
41
45
9.76%
CONDO
23
28
21.74%
$709,056
$765,277
7.93%
50
55
10.00%
SFR
88
74
-15.91%
$1,732,699
$1,935,703
11.72%
56
52
-7.14%
CONDO
55
64
16.36%
$566,673
$574,699
1.42%
52
64
23.08%
SFR
40
45
12.50%
$1,345,744
$1,455,678
8.17%
61
61
0.00%
CONDO
15
14
-6.67%
$518,537
$552,250
6.50%
68
62
-8.82%
SFR
131
101
-22.90%
$2,384,277
$2,462,863
3.30%
70
66
-5.71%
CONDO
27
43
59.26%
$520,805
$742,767
42.62%
68
50
-26.47%
SFR
35
30
-14.29%
$1,743,014
$1,719,973
-1.32%
39
42
7.69%
CONDO
126
106
-15.87%
$690,015
$826,745
19.82%
55
53
-3.64%
Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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Average sold price increased in every Hollywood Hills and adjacent community with the exception of West Hollywood, which stayed relatively stable. Condos on the Sunset Strip and Hollywood Hills West are showing signs of demand, with average sales price increasing 42.62% from $520,805 in 2015 to $742,767 in 2016 and days on the market decreasing 26.47% from 68 in 2015 to 50 days in 2016. Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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The number of single family residence sales in Culver City increased 31.58% from 57 in 2015 to 75 in 2016. Culver City also experienced a 16.26% increase in average sold price and an 11.76% decrease in days on the market. Average sold price of single family residences in Ladera Heights decreased 13.59% and days on the market increased 125% from 40 in 2015 to 90 days in 2016. Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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Westside | South Culver City & Adjacent Communities
Number of Sales
Culver City
Inglewood
Ladera Heights
Park Hills Heights
Average Sold Price
Days on Market
TYPE
2015
2016
% CHANGE
2015
2016
% CHANGE
2015
2016
% CHANGE
SFR
57
75
31.58%
$1,012,542
$1,177,180
16.26%
34
30
-11.76%
CONDO
84
68
-19.05%
$503,840
$486,799
-3.38%
38
29
-23.68%
SFR
59
50
-15.25%
$411,868
$464,488
12.78%
46
56
21.74%
CONDO
29
19
-34.48%
$230,345
$293,037
27.22%
61
27
-55.74%
SFR
13
13
0.00%
$921,036
$795,885
-13.59%
40
90
125.00%
CONDO
0
3
N/A
$0
$485,000
N/A
0
27
N/A
SFR
134
133
-0.75%
$532,174
$590,845
11.02%
52
50
-3.85%
CONDO
18
21
16.67%
$332,133
$405,786
22.18%
19
50
163.16%
Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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Metro Los Angeles Downtown Los Angeles & Adjacent Communities
Number of Sales
Downtown L.A.
Hollywood
Los Feliz
Silver Lake - Echo Park
Average Sold Price
Days on Market
TYPE
2015
2016
% CHANGE
2015
2016
% CHANGE
2015
2016
% CHANGE
SFR
23
30
30.43%
$313,474
$358,520
14.37%
38
66
73.68%
CONDO
137
106
-22.63%
$666,812
$706,922
6.02%
63
67
6.35%
SFR
27
22
-18.52%
$881,702
$1,117,200
26.71%
31
63
103.23%
CONDO
29
32
10.34%
$717,268
$697,684
-2.73%
66
68
3.03%
SFR
61
57
-6.56%
$1,568,959
$1,549,811
-1.22%
43
55
27.91%
CONDO
7
12
71.43%
$547,629
$527,575
-3.66%
42
52
23.81%
SFR
80
83
3.75%
$904,286
$1,034,973
14.45%
46
49
6.52%
CONDO
19
16
-15.79%
$688,395
$668,919
-2.83%
50
49
-2.00%
Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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Number of single family residence sales in Downtown L.A. increased 30.43% year over year while number of condo sales decreased 22.63%. Average sold price for single family residences in Silver Lake/Echo Park crossed the $1 million mark, up 14.45% from $904,286 in 2015 to $1,034,973 in 2016. Average sold price for single family homes also increased in Hollywood, rising 26.71% from $881,702 in 2015 to $1,117,200 in 2016.
Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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SAN FERNANDO VALLEY
Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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Many San Fernando Valley neighborhoods west of the 405 experienced decreased time on the market, with single family residences dropping 17.57% year over year in Tarzana and 13.04% in Agoura. Tarzana also saw 41.27% more sales, up from 63 in 2015 to 89 in 2016. Condos in Calabasas are showing signs of demand with a 58.82% increase in sales and a 60.99% increase in average sold price from $410,500 in 2015 to $660,877 in 2016. Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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San Fernando Valley West of 405 Agoura & Adjacent Communities
Number of Sales
Agoura
Calabasas
Chatsworth
Encino
Hidden Hills
Northridge
Tarzana
Westlake Village
Woodland Hills
Average Sold Price
Days on Market
TYPE
2015
2016
% CHANGE
2015
2016
% CHANGE
2015
2016
% CHANGE
SFR
113
116
2.65%
$961,684
$1,010,692
5.10%
69
60
-13.04%
CONDO
61
66
8.20%
$394,198
$434,991
10.35%
63
58
-7.94%
SFR
81
89
9.88%
$1,601,909
$1,632,931
1.94%
78
72
-7.69%
CONDO
17
27
58.82%
$410,500
$660,877
60.99%
56
50
-10.71%
SFR
83
65
-21.69%
$650,833
$680,736
4.59%
61
73
19.67%
CONDO
32
44
37.50%
$342,347
$383,703
12.08%
59
44
-25.42%
SFR
143
128
-10.49%
$1,337,798
$1,601,075
19.68%
60
61
1.67%
CONDO
62
47
-24.19%
$379,631
$377,906
-0.45%
59
44
-25.42%
SFR
16
9
-43.75%
$3,006,688
$3,825,778
27.24%
113
107
-5.31%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
SFR
217
215
-0.92%
$671,439
$719,629
7.18%
49
62
26.53%
CONDO
49
39
-20.41%
$415,826
$461,906
11.08%
55
63
14.55%
SFR
63
89
41.27%
$1,077,412
$1,076,127
-0.12%
74
61
-17.57%
CONDO
68
50
-26.47%
$294,321
$347,495
18.07%
56
39
-30.36%
SFR
134
128
-4.48%
$1,382,656
$1,427,034
3.21%
69
74
7.25%
CONDO
57
62
8.77%
$578,935
$660,245
14.04%
57
65
14.04%
SFR
201
206
2.49%
$805,907
$848,365
5.27%
63
59
-6.35%
CONDO
70
60
-14.29%
$385,642
$418,318
8.47%
56
56
0.00%
Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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21
San Fernando Valley East of 405 Sherman Oaks & Adjacent Communities
Number of Sales
Burbank
Sherman Oaks
Studio City
Toluca Lake
Average Sold Price
Days on Market
TYPE
2015
2016
% CHANGE
2015
2016
% CHANGE
2015
2016
% CHANGE
SFR
170
154
-9.41%
$750,283
$796,526
6.16%
50
55
10.00%
CONDO
69
68
-1.45%
$455,204
$520,599
14.37%
45
52
15.56%
SFR
174
182
4.60%
$1,313,779
$1,303,363
-0.79%
50
54
8.00%
CONDO
99
84
-15.15%
$460,363
$475,115
3.20%
51
57
11.76%
SFR
102
93
-8.82%
$1,399,137
$1,605,755
14.77%
54
51
-5.56%
CONDO
53
50
-5.66%
$566,993
$577,510
1.85%
55
56
1.82%
SFR
25
16
-36.00%
$1,188,539
$1,374,906
15.68%
52
51
-1.92%
CONDO
13
19
46.15%
$527,308
$515,053
-2.32%
50
47
-6.00%
Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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22
The average sold price of single family residences in the majority of San Fernando Valley neighborhoods east of the 405 increased, rising 15.68% in Toluca Lake from $1,188,539 in 2015 to $1,374,906 in 2016, and 14.77% in Studio City from $1,399,137 in 2015 to $1,605,755 in 2016. The number of single family residence sales in Toluca Lake decreased 36% while number of condo sales increased 46.15%. Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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23
Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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24
SAN GABRIEL VALLEY
Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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25
The majority of neighborhoods in the Pasadena area have experienced an increase in number of single family residence sales year over year, rising 19.35% in Alhambra and 27.78% in San Marino, which also experienced an 18.38% increase in average sold price from $2,740,444 in 2015 to $3,244,044 in 2016. Condos spent less time on the market across the board, most notably decreasing 25% in Pasadena from 56 in 2015 to 42 days in 2016. Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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26
Pasadena Pasadena & Adjacent Communities
Number of Sales
Alhambra
Altadena
Pasadena
San Gabriel
San Marino
South Pasadena
Average Sold Price
Days on Market
TYPE
2015
2016
% CHANGE
2015
2016
% CHANGE
2015
2016
% CHANGE
SFR
62
74
19.35%
$580,064
$566,269
-2.38%
55
59
7.27%
CONDO
28
28
0.00%
$442,232
$435,958
-1.42%
60
53
-11.67%
SFR
126
114
-9.52%
$753,054
$816,648
8.44%
48
45
-6.25%
CONDO
1
0
N/A
$295,000
$0
N/A
5
0
N/A
SFR
286
245
-14.34%
$1,046,389
$1,110,663
6.14%
47
48
2.13%
CONDO
132
112
-15.15%
$550,379
$697,854
26.80%
56
42
-25.00%
SFR
63
68
7.94%
$765,448
$744,025
-2.80%
45
69
53.33%
CONDO
13
14
7.69%
$440,969
$454,371
3.04%
69
65
-5.80%
SFR
36
46
27.78%
$2,740,444
$3,244,044
18.38%
45
62
37.78%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
SFR
35
35
0.00%
$1,313,938
$1,577,911
20.09%
48
43
-10.42%
CONDO
8
10
25.00%
$479,000
$592,300
23.65%
50
40
-20.00%
Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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27
La Cañada Flintridge La Cañada Flintridge & Adjacent Communities
Number of Sales
Atwater
Glendale
La Canada Flintridge
La Crescenta/Glendale/ Montrose/Sparr Heights
Sunland/Tujunga
Average Sold Price
Days on Market
TYPE
2015
2016
% CHANGE
2015
2016
% CHANGE
2015
2016
% CHANGE
SFR
8
13
62.50%
$692,625
$746,769
7.82%
16
24
50.00%
CONDO
0
1
N/A
$0
$429,000
N/A
0
9
N/A
SFR
165
148
-10.30%
$894,802
$951,371
6.32%
46
38
-17.39%
CONDO
81
63
-22.22%
$411,531
$462,443
12.37%
45
45
0.00%
SFR
88
72
-18.18%
$1,844,322
$1,793,774
-2.74%
34
42
23.53%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
SFR
89
91
2.25%
$817,139
$823,039
0.72%
43
46
6.98%
CONDO
4
13
225.00%
$542,250
$412,607
-23.91%
43
36
-16.28%
SFR
108
112
3.70%
$513,929
$563,265
9.60%
46
48
4.35%
CONDO
4
5
25.00%
$338,750
$355,900
5.06%
15
36
140.00%
Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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28
The average sold price of single family residences rose slightly in most La Cañada surrounding neighborhoods, increasing 9.6% in Sunland/Tujunga, 7.82% in Atwater and 6.32% in Glendale year over year. Single family residences in Glendale spent 17.39% fewer days on the market. Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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29
Condos in Highland Park are showing signs of demand, increasing 175% in number of sales, decreasing 27.27% in days on the market and rising 57.56% in average sold price from $276,250 in 2015 to $435,255 in 2016. All Northeast L.A. neighborhoods experienced an increase in average sold price amongst single family residences. Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, reliability or usefulness of anyFRANK information. This disclaimer applies to both isolated HIGHLANDlegality, PARK BOWL | PHOTO CREDIT: WONHO LEE and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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30
Northeast Los Angeles Eagle Rock & Adjacent Communities
Number of Sales
Eagle Rock
Glassell Park
Highland Park
Montecito Heights
Monterey Hills
Mount Washington
Average Sold Price
Days on Market
TYPE
2015
2016
% CHANGE
2015
2016
% CHANGE
2015
2016
% CHANGE
SFR
53
78
47.17%
$746,932
$825,224
10.48%
35
33
-5.71%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
SFR
41
38
-7.32%
$620,524
$696,820
12.30%
47
34
-27.66%
CONDO
2
1
-50.00%
$307,000
$595,000
93.81%
113
14
-87.61%
SFR
88
75
-14.77%
$597,428
$663,972
11.14%
32
37
15.63%
CONDO
4
11
175.00%
$276,250
$435,255
57.56%
44
32
-27.27%
SFR
8
10
25.00%
$646,294
$691,739
7.03%
25
45
80.00%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
SFR
9
8
-11.11%
$507,333
$582,500
14.82%
42
67
59.52%
CONDO
26
21
-19.23%
$367,231
$378,333
3.02%
44
28
-36.36%
SFR
33
27
-18.18%
$721,328
$735,480
1.96%
42
48
14.29%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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31
East San Gabriel Valley Arcadia & Adjacent Communities
Number of Sales
Arcadia
Azusa
Bradbury
Monrovia
Monterey Park
Sierra Madre
Average Sold Price
Days on Market
TYPE
2015
2016
% CHANGE
2015
2016
% CHANGE
2015
2016
% CHANGE
SFR
137
126
-8.03%
$1,734,216
$1,474,398
-14.98%
69
61
-11.59%
CONDO
18
30
66.67%
$522,667
$697,200
33.39%
37
52
40.54%
SFR
84
85
1.19%
$430,574
$493,335
14.58%
48
57
18.75%
CONDO
33
27
-18.18%
$290,020
$300,776
3.71%
50
71
42.00%
SFR
6
4
-33.33%
$2,911,833
$1,002,500
-65.57%
74
119
60.81%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
SFR
80
86
7.50%
$700,610
$670,819
-4.25%
55
50
-9.09%
CONDO
23
12
-47.83%
$415,717
$454,540
9.34%
57
47
-17.54%
SFR
60
71
18.33%
$575,467
$623,976
8.43%
45
44
-2.22%
CONDO
16
33
106.25%
$428,918
$476,438
11.08%
55
54
-1.82%
SFR
38
34
-10.53%
$1,010,503
$904,296
-10.51%
61
46
-24.59%
CONDO
2
2
0.00%
$366,850
$638,750
74.12%
68
30
-55.88%
Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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32
Average sold price for condos in East San Gabriel Valley increased across the board, most notably in Sierra Madre, rising 74.12% from $366,850 in 2015 to $638,750 in 2016 and in Arcadia, rising 33.39% from $522,667 in 2015 to $697,200 in 2016. Single family residences in Sierra Madre spent 24.59% fewer days on the market while those in Bradbury were on the market 60% longer. Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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33
Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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34
SOUTH BAY Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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35
Average sold price of single family residences increased for the majority of South Bay neighborhoods, rising 30.81% in El Segundo from $1,039,250 in 2015 to $1,359,426 in 2016 and 8.31% in Manhattan Beach from $2,468,563 in 2015 to $2,673,743 in 2016. Single family residences spent fewer time on the market in the majority of neighborhoods, dropping 38.05% in Playa Del Rey and 27.59% in Hawthorne year over year. Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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36
South Bay Manhattan Beach & Adjacent Communities
Number of Sales
El Segundo
Hermosa Beach
Hawthorne
Manhattan Beach
Palos Verdes Estates
Playa Del Rey
Playa Vista
Rancho Palos Verdes
Redondo Beach
Rolling Hills Estate
Torrance
Average Sold Price
Days on Market
TYPE
2015
2016
% CHANGE
2015
2016
% CHANGE
2015
2016
% CHANGE
SFR
21
26
23.81%
$1,039,250
$1,359,426
30.81%
28
50
78.57%
CONDO
9
6
-33.33%
$479,000
$687,500
43.53%
63
42
-33.33%
SFR
39
37
-5.13%
$2,472,859
$2,214,972
-10.43%
44
51
15.91%
CONDO
13
11
-15.38%
$703,442
$724,909
3.05%
46
35
-23.91%
SFR
82
71
-13.41%
$532,070
$572,656
7.63%
58
42
-27.59%
CONDO
18
16
-11.11%
$559,556
$575,688
2.88%
43
40
-6.98%
SFR
82
90
9.76%
$2,468,563
$2,673,743
8.31%
43
42
-2.33%
CONDO
2
4
100.00%
$1,074,500
$1,453,750
35.30%
2
29
1350.00%
SFR
59
44
-25.42%
$2,091,324
$2,149,707
2.79%
65
60
-7.69%
CONDO
2
1
-50.00%
$743,500
$720,000
-3.16%
76
82
7.89%
SFR
6
11
83.33%
$2,272,500
$1,384,727
-39.07%
113
70
-38.05%
CONDO
38
41
7.89%
$499,750
$585,661
17.19%
49
52
6.12%
SFR
3
4
33.33%
$2,002,500
$1,706,250
-14.79%
79
58
-26.58%
CONDO
30
25
-16.67%
$804,117
$919,980
14.41%
42
41
-2.38%
SFR
120
123
2.50%
$1,398,113
$1,364,074
-2.43%
76
59
-22.37%
CONDO
19
23
21.05%
$708,811
$594,609
-16.11%
90
55
-38.89%
SFR
115
115
0.00%
$1,149,439
$1,225,611
6.63%
43
42
-2.33%
CONDO
47
40
-14.89%
$661,804
$884,418
33.64%
38
45
18.42%
SFR
27
37
37.04%
$1,462,963
$1,546,984
5.74%
52
63
21.15%
CONDO
3
6
100.00%
$494,105
$351,000
-28.96%
49
51
4.08%
SFR
256
230
-10.16%
$697,759
$752,321
7.82%
46
43
-6.52%
CONDO
54
69
27.78%
$372,814
$412,232
10.57%
64
56
-12.50%
Although the data u sed in this report hasbeen produced and processed from sources believed to be reliable, no warranty, expressed or implied, is made regarding accuracy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of the information. The information is provided on an “as is” basis. 2015-16 MLS/CLAW DATA™. CalBRE# 01869103
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37
TH EPARTN ERSTRUST.COM Partners Trust Real Estate Brokerage & Acquisitions does not guarantee the accuracy of square footage, lot size, or other information concerning the condition or features of the property provided by the seller or obtained from public records or other sources and the buyer is advised to independently verify the accuracy of that information through personal inspection with appropriate licensed professionals. CalBRE# 01869103