Partners Trust Q3 2016 Market Stats from Lisa Kirshner by Lisa Kirshner Partners Trust

3 PARTNERS TRUST QUARTERLY LOS ANGELES MARKET REPORT 2016 | Q3

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

PARTNERS TRUST

Q3 2016 LOS ANGELES MARKET REPORT

Featured on cover: The Wave House by Mario Romano. Offered at $6,498,000 and listed with F. Ron Smith, Mark Kitching and David Berg.

It is with great pleasure that I present to you Partners Trust’s 2016 Third Quarter Real Estate Market Report, intended to apprise you of sales figures, analysis of the current state of Los Angeles real estate and events that have impacted our company and our associates over the past three months. After a record-breaking first half of the year, average sales price in the third quarter took a slight dip, but still remains high in comparison with the third quarter of previous years. Buyers in the residential luxury market are benefiting from more time spent on the market and therefore, increasing inventory, but compared to other areas of the country, Los Angeles remains highly attractive to real estate investors and demand is still spiking in several neighborhoods. Notable increases for single family residence sales include Bel Air and Holmby Hills, up 38.2% from $2,532,952 to $3,525,938 and Hollywood, up 26.3% from $917,796 to $1,159,136. Partners Trust continued to hit grand milestones in the third quarter. We are poised to close year-end sales at approximately $2.5 billion, having closed September sales at $205,002,225, a 53% increase over last September, and year to date sales at $1,847,114,186, a 15% increase over last year.

On the Westside, Partners Trust Founding Partner Hugh Evans and Founding Partner Malibu Madison Hildebrand were named among The Hollywood Reporter’s list of Hollywood’s Top 25 Real Estate Agents. On the Eastside, Associate Partner Lucy Mao was awarded the distinction of Best Realtor 2016 by Pasadena Weekly. We are fortunate to be surrounded by those who so heartily empower each other through conscientious practices as we acquire top talent and mentor new talent month over month. Read on for detailed sales figures and trends within each major region of Los Angeles as well as the overarching themes of the third quarter for Partners Trust including our new community outpost and retail concept in Santa Monica, the launch of our New Development division and the newly chosen recipients of the Partners Trust Charitable Giving Fund. Sincerely yours, Lisa Kirshner Partner Partners Trust Real Estate Brokerage & Acquisitions

Individual associates also continued to reach new heights.

PARTNERS TRUST

Q3 2016 LOS ANGELES MARKET REPORT

LOS ANGELES & WESTSIDE

COASTAL COMMUNITIES

THE HILLS

WESTSIDE

HOLLYWOOD HILLS & MID-CITY

SAN GABRIEL VALLEY

WESTSIDE/SOUTH METRO LOS ANGELES

PASADENA

LA CAÃ&#x2018;ADA FLINTRIDGE

SAN FERNANDO VALLEY

SAN FERNANDO VALLEY WEST OF 405

SAN FERNANDO VALLEY

SAN FERNANDO VALLEY EAST OF 405

NORTHEAST LOS ANGELES

EAST SAN GABRIEL VALLEY

SOUTH BAY

MANHATTAN BEACH & ADJACENT COMMUNITIES

SPECIAL FEATURES

PARTNERS TRUST LAUNCHES OPENHOUSE, A COMMUNITY OUTPOST AND RETAIL CONCEPT IN THE HEART OF SANTA MONICA

PARTNERS TRUST CHARITABLE GIVING RAISES FUNDS TO EMPOWER THE CHILDREN OF LOS ANGELES

MEETING THE NEED FOR NEW LUXURY DEVELOPMENTS IN LOS ANGELES

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Q3 2016 LOS ANGELES MARKET REPORT

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Q3 2016 LOS ANGELES MARKET REPORT

LOS ANGELES & WESTSIDE

Average sold prices increased year over year in many of the coastal communities including single family residences in Venice—up 8.34% from $1,909,281 to $2,068,431. Condos in Venice are also in high demand, as average days on market decreased 47.95% from 73 to 38. Most single family residences stayed on the market longer than they did in the same quarter last year with the most dramatic increase in Malibu, up 82.61% from 92 to 168 days. 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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Q3 2016 LOS ANGELES MARKET REPORT

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

30.77%

$2,954,834

$3,186,090

7.83%

168

82.61%

CONDO

-17.65%

$857,088

$1,539,679

79.64%

-10.11%

SFR

58.33%

$7,626,250

$7,843,376

2.85%

105

150

42.86%

CONDO

-50.00%

$1,428,438

$1,037,250

-27.39%

133

329

147.37%

SFR

-35.71%

$1,761,000

$1,681,111

-4.54%

54.84%

CONDO

5.00%

$946,793

$961,463

1.55%

-13.89%

SFR

4.17%

$3,757,602

$3,331,109

-11.35%

-3.39%

CONDO

-12.50%

$1,047,052

$1,179,191

12.62%

23.68%

SFR

106

-12.26%

$1,346,132

$1,504,699

11.78%

4.08%

CONDO

-10.26%

$528,682

$633,704

19.86%

-33.87%

SFR

-8.96%

$2,827,612

$2,765,183

-2.21%

36.84%

CONDO

134

119

-11.19%

$1,205,827

$1,105,962

-8.28%

-11.11%

SFR

7.69%

$1,155,442

$1,544,393

33.66%

100

-6.00%

CONDO

N/A

$425,000

N/A

SFR

29.79%

$1,909,281

$2,068,431

8.34%

3.17%

CONDO

0.00%

$1,468,500

$1,294,900

-11.82%

-47.95%

SFR

20.78%

$1,006,115

$1,218,688

21.13%

25.81%

CONDO

66.67%

$385,778

$512,000

32.72%

-39.44%

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Q3 2016 LOS ANGELES MARKET REPORT

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

-25.00%

$6,585,863

$6,658,618

1.10%

-20.00%

CONDO

-31.43%

$1,409,869

$1,273,725

-9.66%

-4.62%

SFR

-4.65%

$4,158,243

$3,568,832

-14.17%

-4.76%

CONDO

N/A

SFR

-6.98%

$2,532,952

$3,525,938

39.20%

18.75%

CONDO

-25.00%

$661,375

$1,058,333

60.02%

-27.54%

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Q3 2016 LOS ANGELES MARKET REPORT

Average sold price of single family residences in Beverly Hills stayed relatively level year over year while that of single family residences in the Bel Air - Holmby Hills area increased 39.20% from $2,532,952 to $3,525,938. 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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Q3 2016 LOS ANGELES MARKET REPORT

Number of single family residence sales increased year over year in every Westside neighborhood with the exception of Westwood. Single family residence sales in Brentwood increased 25% from 56 in 2015 to 70 in 2016, while average sold price held steady. Average days on the market increased in most Westside neighborhoods, rising 103.45% in Beverlywood from 29 days in 2015 to 59 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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Q3 2016 LOS ANGELES MARKET REPORT

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

19.67%

$1,399,764

$1,418,270

1.32%

103.45%

CONDO

-6.67%

$674,567

$770,787

14.26%

2.70%

SFR

25.00%

$3,458,812

$3,458,314

-0.01%

-5.41%

CONDO

0.00%

$768,943

$866,002

12.62%

-10.42%

SFR

24.00%

$2,049,427

$2,270,404

10.78%

33.33%

CONDO

N/A

SFR

-13.46%

$2,135,088

$2,044,966

-4.22%

52.78%

CONDO

170

151

-11.18%

$1,056,810

$1,056,951

0.01%

15.87%

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Q3 2016 LOS ANGELES MARKET REPORT

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

8.70%

$1,792,514

$1,846,183

2.99%

22.45%

CONDO

0.00%

$764,727

$799,589

4.56%

118.60%

SFR

32.20%

$1,851,479

$1,928,410

4.16%

5.77%

CONDO

21.15%

$597,308

$613,899

2.78%

-20.59%

SFR

-45.45%

$1,330,704

$1,707,275

28.30%

-5.97%

CONDO

28.57%

$502,786

$566,833

12.74%

-31.91%

SFR

121

111

-8.26%

$2,055,135

$2,322,142

12.99%

18.46%

CONDO

0.00%

$610,578

$613,365

0.46%

47.73%

SFR

23.33%

$1,471,224

$1,730,668

17.63%

12.24%

CONDO

105

107

1.90%

$755,841

$778,757

3.03%

-21.05%

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Q3 2016 LOS ANGELES MARKET REPORT

Sold prices in the Hollywood Hills and adjacent communities held steady with the exception of Hollywood Hills East, which increased 28.30% from $1,330,704 in 2015 to $1,707,275 in 2016. Demand is picking up in the Hancock Park - Wilshire area as was made evident by a 32.20% increase in sales from 59 in 2015 to 78 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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Q3 2016 LOS ANGELES MARKET REPORT

The number of single family residences sold in Culver City and Inglewood increased slightly year over year, from 76 to 81 in Culver City and 57 to 67 in Inglewood. Average sold price of single family residences also increased 14.64% in Inglewood from $436,375 to $500,245. Days on market increased 38.46% for Culver City single family residences while condos sold 17.65% faster. 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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Q3 2016 LOS ANGELES MARKET REPORT

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

6.58%

$1,102,056

$1,202,483

9.11%

38.46%

CONDO

-10.94%

$495,850

$507,006

2.25%

-17.65%

SFR

17.54%

$436,375

$500,245

14.64%

4.08%

CONDO

-3.70%

$263,844

$289,096

9.57%

-40.35%

SFR

0.00%

$1,012,219

$1,009,462

-0.27%

81.58%

CONDO

100.00%

$435,000

$495,500

13.91%

588.89%

SFR

113

105

-7.08%

$538,486

$575,780

6.93%

-12.28%

CONDO

-48.00%

$363,836

$281,725

-22.57%

51.22%

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Q3 2016 LOS ANGELES MARKET REPORT

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

-30.30%

$544,299

$326,051

-40.10%

32.69%

CONDO

118

108

-8.47%

$628,644

$612,908

-2.50%

6.78%

SFR

-21.43%

$917,796

$1,159,136

26.30%

-7.87%

CONDO

-13.33%

$922,553

$692,127

-24.98%

13.43%

SFR

-23.19%

$1,680,762

$1,681,167

0.02%

4.08%

CONDO

25.00%

$492,000

$617,800

25.57%

80.00%

SFR

108

22.73%

$860,224

$956,572

11.20%

30.77%

CONDO

50.00%

$666,942

$671,937

0.75%

42.86%

PARTNERS TRUST

Q3 2016 LOS ANGELES MARKET REPORT

Average sold price of single family residences increased 26.30% in Hollywood from $917,796 in 2015 to $1,159,136 in 2016 while days on the market decreased 7.87%. Single family residences in the Silver Lake - Echo Park area also experienced a surge as number of sales increased 50% and average sold price increased 11.20% from $860,224 to $956,572. Average sold price of single family residences in Los Feliz stayed relatively the same while condos increased 25.57% from $492,000 to $617,800.

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Q3 2016 LOS ANGELES MARKET REPORT

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Q3 2016 LOS ANGELES MARKET REPORT

SAN FERNANDO VALLEY

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Q3 2016 LOS ANGELES MARKET REPORT

Average sold price increased in the majority of San Fernando Valley neighborhoods west of the 405. Single family residences in Calabasas sold for an average of $1,746,120 in 2016, up 19.94% from $1,455,822 in 2015. Those in Hidden Hills experienced an even more dramatic increase of 60.51% from $3,414,400 in 2015 to $5,480,556 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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Q3 2016 LOS ANGELES MARKET REPORT

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

106

100

-5.66%

$1,020,987

$1,026,543

0.54%

-2.82%

CONDO

8.00%

$411,404

$441,667

7.36%

-17.46%

SFR

-7.32%

$1,455,822

$1,746,120

19.94%

-1.23%

CONDO

-11.54%

$477,788

$501,244

4.91%

71.15%

SFR

17.72%

$702,053

$743,742

5.94%

-5.13%

CONDO

-5.41%

$365,876

$382,939

4.66%

-21.67%

SFR

134

137

2.24%

$1,353,989

$1,447,665

6.92%

20.00%

CONDO

-33.33%

$357,374

$440,761

23.33%

10.00%

SFR

80.00%

$3,414,400

$5,480,556

60.51%

119

109

-8.40%

CONDO

N/A

SFR

262

235

-10.31%

$675,184

$737,366

9.21%

3.64%

CONDO

0.00%

$417,668

$453,954

8.69%

32.20%

SFR

13.16%

$994,234

$1,188,258

19.51%

-9.21%

CONDO

17.31%

$319,179

$328,523

2.93%

10.00%

SFR

125

-20.80%

$1,467,342

$1,452,612

-1.00%

-10.26%

CONDO

9.09%

$602,990

$586,318

-2.76%

3.57%

SFR

224

189

-15.63%

$782,036

$873,169

11.65%

-16.13%

CONDO

22.73%

$376,675

$409,420

8.69%

2.27%

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Q3 2016 LOS ANGELES MARKET REPORT

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

171

177

3.51%

$737,578

$794,943

7.78%

10.00%

CONDO

-15.71%

$472,091

$498,251

5.54%

-5.66%

SFR

187

176

-5.88%

$1,096,347

$1,340,136

22.24%

21.15%

CONDO

119

-18.49%

$464,200

$480,892

3.60%

0.00%

SFR

109

-9.17%

$1,537,768

$1,636,201

6.40%

11.32%

CONDO

14.52%

$545,338

$593,952

8.91%

-3.51%

SFR

-30.77%

$1,289,226

$1,617,256

25.44%

4.62%

CONDO

-4.17%

$488,666

$503,609

3.06%

-16.67%

PARTNERS TRUST

Q3 2016 LOS ANGELES MARKET REPORT

Average sold price increased across the board in San Fernando Valley neighborhoods east of the 405. Volume of single family residence sales remained high in Sherman Oaks with average sold price increasing 22.24% from $1,096,347 in 2015 to $1,340,136 in 2016. Prices of single family residences in Toluca Lake also increased, selling at an average of $1,617,256 this year, up 25.44% from $1,289,226 in 2015. 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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Q3 2016 LOS ANGELES MARKET REPORT

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Q3 2016 LOS ANGELES MARKET REPORT

SAN GABRIEL VALLEY

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Q3 2016 LOS ANGELES MARKET REPORT

Condos in Pasadena are showing signs of high demand as days on market decreased 34.43% from 61 to 40 days. Average sold price stayed relatively steady year over year for Pasadena and adjacent communities with the exception of San Gabriel condos which sold for an average of $558,686 this quarter, up 19.59% over 2015’s $467,174 and single family residences in South Pasadena which sold for an average of $1,244,095, down 18.32% over 2015’s $1,523,132. 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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Q3 2016 LOS ANGELES MARKET REPORT

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

-2.86%

$690,943

$662,806

-4.07%

23.68%

CONDO

-10.26%

$422,286

$480,965

13.90%

27.45%

SFR

112

120

7.14%

$783,317

$837,919

6.97%

13.04%

CONDO

N/A

$299,500

N/A

SFR

278

269

-3.24%

$1,043,214

$1,061,925

1.79%

0.00%

CONDO

135

116

-14.07%

$582,955

$584,649

0.29%

-34.43%

SFR

-25.56%

$771,677

$733,180

-4.99%

0.00%

CONDO

62.50%

$467,174

$558,686

19.59%

3.70%

SFR

35.71%

$2,609,893

$2,459,382

-5.77%

-9.43%

CONDO

N/A

SFR

-6.52%

$1,523,132

$1,244,095

-18.32%

-3.03%

CONDO

-29.41%

$533,824

$564,167

5.68%

-17.39%

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Q3 2016 LOS ANGELES MARKET REPORT

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

100.00%

$748,846

$824,981

10.17%

-37.25%

CONDO

N/A

$409,000

N/A

SFR

171

147

-14.04%

$895,792

$960,557

7.23%

20.00%

CONDO

8.22%

$386,947

$470,902

21.70%

12.20%

SFR

-13.16%

$1,785,771

$1,913,778

7.17%

-4.26%

CONDO

N/A

SFR

119

117

-1.68%

$795,116

$836,182

5.16%

9.30%

CONDO

46.15%

$478,423

$412,942

-13.69%

-24.53%

SFR

121

122

0.83%

$520,468

$578,923

11.23%

13.64%

CONDO

-20.00%

$349,600

$371,250

6.19%

66.67%

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Q3 2016 LOS ANGELES MARKET REPORT

Average sold price of single family residences in La Cañada Flintridge increased 7.17% year over year from $1,785,771 in 2015 to $1,913,778 in 2016. Single family residences in Atwater are showing signs of high demand with a 100% increase in sales, 10.17% increase in average sold price from $748,846 in 2015 to $824,981 in 2016 and an average of 32 days on the market, down 37.25% from 51 days in 2015. Condos in Glendale sold for 21.70% more in 2016, at $960,557 over $895,792 in 2015. 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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Highland Park is once again showing signs of high demand with average sold price of single family residences increasing 12.74% from $615,437 in 2015 to $693,834 in 2016 and condos increasing 35.26% from $279,000 in 2015 to $377,375 in 2016. Monterey Hills experienced a similar increase with average sold price of single family residences up 28.77% from $514,111 in 2015 to $662,000 in 2016 and days on the market down 69.23% from 91 days to 28 days. 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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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

-16.92%

$742,088

$767,993

3.49%

16.22%

CONDO

N/A

SFR

-16.67%

$641,017

$712,299

11.12%

96.67%

CONDO

-50.00%

$420,153

$760,000

80.89%

5.00%

SFR

101

-31.68%

$615,437

$693,834

12.74%

32.35%

CONDO

14.29%

$279,000

$377,375

35.26%

-43.59%

SFR

11.11%

$661,833

$595,800

-9.98%

-2.63%

CONDO

N/A

SFR

-33.33%

$514,111

$662,000

28.77%

-69.23%

CONDO

3.57%

$374,448

$394,686

5.40%

30.00%

SFR

-17.95%

$790,963

$765,395

-3.23%

96.88%

CONDO

N/A

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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

122

127

4.10%

$1,677,052

$1,619,358

-3.44%

-1.67%

CONDO

83.33%

$596,825

$727,530

21.90%

60.78%

SFR

-9.52%

$468,790

$512,119

9.24%

-18.97%

CONDO

-22.22%

$295,778

$298,461

0.91%

1.96%

SFR

33.33%

$2,109,333

$2,610,750

23.77%

107

-64.49%

CONDO

N/A

SFR

-19.75%

$695,766

$698,022

0.32%

-32.69%

CONDO

-36.36%

$397,182

$419,571

5.64%

2.86%

SFR

-2.63%

$586,418

$652,793

11.32%

-13.33%

CONDO

-23.08%

$448,970

$529,365

17.91%

-37.31%

SFR

-12.50%

$1,068,886

$1,145,077

7.13%

9.09%

CONDO

0.00%

$448,675

$491,000

9.43%

-41.94%

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All East San Gabriel Valley neighborhoods, with the exception of Sierra Madre, experienced a decrease in days on the market, dropping 64.49% in Bradbury from 107 days to 38 days and 32.69% in Monrovia from 52 days to 35 days. Average sales price also increased 23.77% in Bradbury from $2,109,333 in 2015 to $2,610,750 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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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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Number of single family residence sales increased 13.25% in Manhattan Beach from 83 in 2015 to 94 in 2016. Increased demand in Hawthorne is evident with average sold price of single family residences rising 22.78% year over year from $495,607 in 2015 to $608,492 in 2016 and days on the market decreasing 22.92% from 48 days to 37 days. Average sales price of condos increased in many of South Bay’s neighborhoods, rising 19.12% in Redondo Beach from $633,446 to $754,548 and 43.70% in El Segundo from $456,500 to $656,000. 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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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

38.10%

$1,195,630

$1,393,557

16.55%

44.44%

CONDO

100.00%

$456,500

$656,000

43.70%

133.33%

SFR

50.00%

$2,441,696

$2,496,786

2.26%

10.00%

CONDO

-27.27%

$718,864

$617,250

-14.14%

-60.56%

SFR

4.48%

$495,607

$608,492

22.78%

-22.92%

CONDO

-9.09%

$530,900

$589,100

10.96%

-6.52%

SFR

13.25%

$2,673,253

$2,420,640

-9.45%

28.26%

CONDO

-66.67%

$938,333

$1,180,000

25.75%

-42.50%

SFR

-15.38%

$2,258,608

$2,421,826

7.23%

84.00%

CONDO

0.00%

$510,000

$745,000

46.08%

-55.00%

SFR

0.00%

$1,737,888

$1,489,833

-14.27%

-16.00%

CONDO

15.15%

$584,969

$546,085

-6.65%

0.00%

SFR

-50.00%

$1,647,166

$1,906,166

15.72%

-20.00%

CONDO

35.00%

$813,900

$870,296

6.93%

-6.98%

SFR

104

105

0.96%

$1,495,098

$1,378,468

-7.80%

-30.26%

CONDO

14.29%

$483,357

$557,438

15.33%

166

-68.67%

SFR

110

103

-6.36%

$1,129,750

$1,195,338

5.81%

-2.38%

CONDO

-21.28%

$633,446

$754,548

19.12%

-12.00%

SFR

-35.71%

$1,625,760

$1,454,159

-10.56%

9.62%

CONDO

75.00%

$281,250

$359,729

27.90%

22.22%

SFR

273

245

-10.26%

$748,930

$706,328

-5.69%

-13.33%

CONDO

-4.69%

$405,463

$372,878

-8.04%

19.61%

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Q3 2016 LOS ANGELES MARKET REPORT

While they often take up prime real estate on many of America’s most trafficked city blocks, real estate offices seldom beckon a conversation from a passerby. But for a brokerage built on integrity and a genuine connection to its communities, Partners Trust couldn’t help but buck tradition.

Partners Trust Launches Openhouse A Community Outpost and Retail Concept in the Heart of Santa Monica

With the intent to provide a community outpost for locals, associates, clients and kin, Partners Trust converted one of their Santa Monica offices into Openhouse, a retail storefront inspired by the impeccably designed homes its associates represent on the Westside and across Los Angeles. “We’re bringing a taste of these homes into a storefront experience for the community to enjoy,” said Associate Partner Mark Kitching. Each season, Openhouse will feature a pop-up exhibit of home decor and lifestyle vignettes. The first, a beach contemporary installation featuring Scandinavian decor pieces, original art, euro bicycles and summertime barware, was curated by Hermosa Design, a lifestyle and interior design store led by a husband and wife team from Hermosa Beach, California. Hermosa Design’s pop-up installation will be featured through October 31. Beginning November 1, Mar Vista's The Hangar will take over and outfit the space with three distinct living environments featuring home furnishings, accessories, decorative items and art made by both established and emerging Los Angeles artists. “We’re thrilled to open our doors at Openhouse and welcome the community in to be inspired and discover great design,” shared Nick Segal, CEO and Co-Founder of Partners Trust. “Openhouse will serve as a direct connection to the community for Partners Trust and our associates.” Openhouse is located at 1728 Ocean Park Blvd along a prime shopping and dining corridor in Santa Monica next to Love Coffee Bar and Local Kitchen & Wine Bar. Ten percent of sales go to Partners Trust’s Charitable Giving Fund recipients. Store hours are Tuesday through Saturday, 10am – 5pm. Learn more by going to ThePartnersTrust.com/Openhouse.

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Partners Trust Charitable Giving Raises Funds To Empower The Children of Los Angeles Ten percent of sales from Partners Trust’s new Openhouse go to the recipients of the Charitable Giving Fund that were selected for the second half of 2016.

The second half of 2016 kicked off with the selection of three new recipients of the Partners Trust Charitable Giving Fund, which raises money for charitable organizations that support initiatives for housing, healthcare, arts and education in the Los Angeles community. Partners Trust is proud to support a distinct category of charities this quarter—each dedicated to empowering the children of Los Angeles. •

The Educare Foundation inspires young people to become responsible citizens, compassionate leaders, and to live their dreams. Their after school programs focus on enrichment, academic, and recreation activities.

•

Inner City Arts runs a total art program, which helps to unlock the creative potential of LA’s underserved children and teens.

•

Westside Children’s Center provides foster care, adoption and other family services, as well as early care and education services, to set children (and their families) up for success in school and beyond.

Partners trust hosted a SoulCycle Spin-Off on August 30, a competition of eastside vs. westside in both the Brentwood and Pasadena SoulCycle locations. Funds were also raised through Partners Trust’s new community outpost and retail concept Openhouse, which opened its doors this August on Ocean Park Blvd. in Santa Monica. Openhouse donates 10 percent of merchandise sales to current recipients of the Charitable Giving Fund.

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Place Cent'Anni or Flying D image

Associates also hosted and attended a multitude of fundraising events this quarter that reached far beyond the Charitable Giving Fund. The Judy Fund, the fastest growing family fund in the history of the Alzheimer’s Association, and one of the first recipients of the Charitable Giving Fund, once again hosted a team in the Walk to End Alzheimer’s. Partners Trust has had participants on The Judy Fund’s team every year since its founding and had a great turnout at this year’s walk on October 9, contributing to the total $10,000 raised. Also of note, Founding Partner of Partners Trust Pasadena Roland Wilhelm rode his motorcycle to Canada and back to raise funds for close friend Ray Wells who was recently diagnosed with early onset Alzheimer’s. Roland is no stranger to charitable rides having ridden his motorcycle just last summer from Mexico to Alaska, a total journey of over 10,000 miles in just three weeks, to benefit HathawaySycamores Child and Family Services. No matter the cause, Partners Trust continues to seek out and participate in charitable efforts each quarter. The Charitable Giving Committee looks forward to a strong fourth quarter supporting the children of Los Angeles.

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Meeting the Need for New Luxury Developments in Los Angeles There is an undeniable surge of people who want to live in Los Angeles and, with only so much land before hitting the Pacific, vertical living is imminent. From The Wanda Groupâ&#x20AC;&#x2122;s Beverly Hills One to Metropolis in Downtown Los Angeles, new development is burgeoning in the City of Angels. Partners Trust has risen to meet this level of interest with a new division that is solely dedicated to new development, and theyâ&#x20AC;&#x2122;ve called in the leading experts to allow them to hit the ground running. PARTNERS TRUST

Q3 2016 LOS ANGELES MARKET REPORT

In August, new development

to more than $4 billion and his

sales track record to become part

specialist and top producing agent

properties included Ian Schrager’s

of our team and to be at the helm of

Horacio LeDon joined Partners Trust

The Residences at The Miami

this new division.”

as Head of New Development. In

Beach EDITION, Faena House, and

this capacity, LeDon will oversee

architect Rem Koolhaas’ Park Grove

Joining Horacio and the New

the company’s newly- launched

development in Miami.

Development team is Partners Trust’s

New Development division and is

Mark Rutstein, who will be leveraging

charged with turning Partners Trust

“I am thrilled to join the collaborative

his successful career in luxury

into one of the preeminent players

culture that exists at Partners Trust

residential sales and international

in Los Angeles’ burgeoning new

and I love the company’s approach

development contacts as principal

development arena.

to marketing, its technology

of the new division, and longtime

platform; and the global reach we’ll

Rutstein associate Adam Phebus,

Previously President of Douglas

enjoy with their strong presence in

who briefly worked with Horacio at

Elliman’s New Development business

Asia,” said LeDon. “The brokerage’s

Douglas Elliman, will join as a Senior

in Florida and California, LeDon

CEO, Nick Segal, wants to grow the

Marketing Associate.

was responsible for bringing in

company organically and that was a

Greenland Group’s Metropolis

big draw for me.”

project, the largest mixed u se

Prior to joining Douglas Elliman in 2013, LeDon was the founder of

development on the West Coast and

“We are delighted that Horacio

the eponymous brokerage Horacio

the key to Downtown Los Angeles’s

chose Partners Trust,” said Nick

LeDon Real Estate with offices in

explosive condominium boom.

Segal, CEO and Founder of Partners

NYC, Miami, and Los Angeles. Before

While overseeing Douglas Elliman’s

Trust. “It’s a pure joy having

that he was the West Coast Senior

Florida and California developments,

someone with Horacio’s knowh ow

Vice President for Starwood

Althoughin thegrowing data u sed in this reportof hasall beenaspects produced and from sources believed to be reliable, no warranty, or LeDon was instrumental ofprocessed new development, Capital’s STexpressed Residential 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. information isl eading provided onexperience, an “as is” basis. 2015-16 the portfolio from $500 million hisThe industry- andMLS/CLAW DATA™. CalBRE# 01869103

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Q3 2016 LOS ANGELES MARKET REPORT

unit.

Peerless real estate service based on a foundation of trust.

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