Q2 2015
MARKET STATS REAL ESTATE REPORT
Q2 2015
MARKET STATS REAL ESTATE REPORT INTRODUCTION ............................................................. 3
Los Angeles & Westside COASTAL COMMUNITIES ............................................ 7 THE HILLS ........................................................................ 9 WESTSIDE ........................................................................ 11 HOLLYWOOD HILLS & MID CITY .............................. 13 WESTSIDE / SOUTH ...................................................... 15 METRO LOS ANGELES ................................................. 17
San Fernando Valley SAN FERNANDO VALLEY - WEST OF 405 ........... 21 SAN FERNANDO VALLEY - EAST OF 405 ............ 23
San Gabriel Valley PASADENA ...................................................................... 27 LA CAÑADA FLINTRIDGE ........................................... 29 NORTH EAST LOS ANGELES ..................................... 31 SAN GABRIEL VALLEY EAST ..................................... 33
South Bay MANHATTAN BEACH.................................................... 37
INTRODUCTION Our current economic cycle has been called the slow-motion recovery, resulting in incremental improvement. Now is the time when we are starting to see it truly take root. Even amid economic turmoil in other nations, the U.S. stock market remains strong and housing is on firm foundations. The Los Angeles housing market continues to be the most robust we’ve seen in years and show no sign of abating. Westside sold prices continue to rise although the biggest price growth combined with increased sales are happening in areas where prices are slightly lower such as Palms-Mar Vista and Westchester. Santa Monica, Pacific Palisades, and Malibu all saw strong growth in both prices and sales, proving that the enduring value of these communities commands a premium. In places such as Beverly Hills, Malibu Beach, Bel Air and Holmby Hills where average sold prices are over $5 million, both the number of sales and days on market dropped, proving the ongoing vigor of our luxury market. Moving along Wilshire Blvd., both the Miracle Mile area and Hancock Park showed increased while days on market continued to fall. Downtown condo prices remain in an upward trajectory but sales have flattened slightly. More affordable areas are increasingly becoming hot spots with towns such as Inglewood, and Park Hill Heights showing that the South L.A. market is becoming more active. The San Fernando Valley also marked ongoing price growth and sales have picked up at a double-digit rate in communities like Calabasas, Encino, and Westlake Village. Pasadena and surrounding areas are seeing strong sales as prices stabilized. La Cañada Flintridge has seen both prices and sales climb and days on market dropped over 12%. Our Associates continue to wrestle with low inventory in the area and use the power of their network to discover properties for their buyers. 2015 marked our entry into Manhattan Beach with our new office in the area giving us a boots-on-theground view of the vibrant South Bay market where prices are up by double digit percentage points in many areas and days on market numbers point to an inventory crunch. The value of homes all across Los Angeles is on the increase. The county assessor has reported that for Los Angeles County, the assessed value of all taxable property in Los Angeles County rose 6.13% in 2015, the largest jump since 2010. 2015 MLS/CLAW/PFAR/CRMLS DATA™
Building Boom The National Association of Home Builders/ Wells Fargo Housing Market Index continues to show strength with the West showing the highest readings. Their latest data shows builder confidence at the highest level since 2005. In our local markets, we have seen luxury home building rise on the Westside and new small-lot developments and townhome communities under construction across Los Angeles. Downtown is alive with cranes as a variety of projects from skyline-changing skyscrapers like Wilshire Grand and Metropolis to adaptive reuse projects throughout the Arts District bring new energy to the center of the city. Economic Stats The national unemployment rate is now down to where it was a decade earlier and while labor participation rates still lag, better opportunities are becoming available for workers, especially here in Los Angeles. In Los Angeles County unemployment is higher than the national average but the trend is downward and most local businesses of all sizes say they are looking to continue to add jobs. Nationwide foreclosures are at their lowest rate in a decade, as the fallout from the housing crisis seems to have finally worked its way through the markets. Looking Forward Predictions for when interest rates would rise have seemed about six months ahead for the last few years, but many predict that the second half of 2015 is when we finally see a rise in interest rates. The Consumer Financial Protection Bureau (CFPB) changed the effective date of the TILA-RESPA Integrated Disclosure (TRID) rule to October 3, 2015. This new rule may cause delays to the escrow process. Our Associates have been working with our escrow providers to become fully conversant in all new regulations and how they will impact the purchase and sale of your property. This report is just a glimpse of all that is happening in the areas we serve. For a detailed analysis of your neighborhood and your property, please schedule an appointment to review the latest data.
PARTNERS TRUST 2015 Q2 MARKET STATS REPORT |
3
4
| LOS ANGELES & WESTSIDE
LOS ANGELES & WESTSIDE
OUR COASTAL OFFICES ARE SEEING STRONG MARKETS. In Santa
Monica, single-family residence sales are up 12.3% year over year while prices rose 6.6%. In both Malibu and Malibu Beach single-family residence sales are on the rise and in Malibu prices rose 11%.
COASTAL COMMUNITIES Santa Monica & Adjacent Communities # SALES
MALIBU
MALIBU BEACH
PACIFIC PALISADES
SANTA MONICA
AVERAGE SOLD PRICE
TYPE
Q2 2014
Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
SFR
48
51
6.25%
$2,680,810
$2,976,981
11.05%
141
153
8.51%
CONDO
8
20
150.00%
$912,813
$862,425
-5.52%
132
94
-28.79%
SFR
9
13
44.44%
$5,608,361
$5,544,962
-1.13%
179
154
-13.97%
CONDO
6
9
50.00%
$756,667
$978,333
29.30%
136
122
-10.29%
SFR
90
99
10.00%
$3,119,264
$3,450,741
10.63%
57
53
-7.02%
CONDO
21
12
-42.86%
$820,770
$1,113,667
35.69%
37
45
21.62%
SFR
65
73
12.31%
$2,452,198
$2,614,158
6.60%
47
39
-17.02%
CONDO
138
145
5.07%
$1,161,767
$1,233,163
6.15%
48
55
14.58%
# SALES
MARINA DEL REY
PALMS - MAR VISTA
VENICE
WESTCHESTER
DAYS ON MARKET
AVERAGE SOLD PRICE
DAYS ON MARKET
TYPE
Q2 2014
Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
SFR
23
10
-56.52%
$1,638,103
$1,476,410
-9.87%
44
48
9.09%
CONDO
93
85
-8.60%
$914,528
$958,420
4.80%
75
80
6.67%
SFR
89
106
19.10%
$1,117,080
$1,281,026
14.68%
42
41
-2.38%
CONDO
30
36
20.00%
$501,736
$486,431
-3.05%
53
65
22.64%
SFR
64
57
-10.94%
$1,857,432
$2,093,294
12.70%
58
52
-10.34%
CONDO
14
10
-28.57%
$1,158,344
$1,378,400
19.00%
58
137
136.21%
SFR
82
87
6.10%
$886,048
$1,068,117
20.55%
40
32
-20.00%
CONDO
12
16
33.33%
$362,742
$506,063
39.51%
93
57
-38.71%
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q2 MARKET STATS REPORT |
7
AT THE HIGHEST LEVELS OF THE MARKET, THINGS ARE MOVING QUICKLY. Bel Air/Holmby Hills saw a 43.3% change in
the number of single-family home sales while days on market plummeted over 51%. In Beverly Hills, sales for single-family homes rose by 17.65% while prices rose 19.88% to an average sold price of $6,112,710.
THE HILLS
Beverly Hills & Adjacent Communities # SALES Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
30
43
43.33%
$5,462,086
$5,438,162
-0.44%
141
68
-51.77%
1
1
0.00%
$365,000
$480,000
31.51%
362
80
-77.90%
SFR
51
60
17.65%
$5,099,048
$6,112,710
19.88%
75
70
-6.67%
CONDO
37
37
0.00%
$1,135,741
$1,080,139
-4.90%
67
75
11.94%
SFR
44
42
-4.55%
$3,272,719
$3,288,322
0.48%
101
97
-3.96%
0
0
N/A
$0
$0
N/A
0
0
N/A
SFR
CONDO BEVERLY HILLS
BEVERLY HILLS P.O.
DAYS ON MARKET
Q2 2014
TYPE BEL AIR HOLMBY HILLS
AVERAGE SOLD PRICE
CONDO
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q2 MARKET STATS REPORT |
9
CONDO SALES ARE ON THE RISE IN BOTH BRENTWOOD AND WESTWOOD. In Brentwood condo sales
rose by 16.67% and prices were up by 13.47%. In Westwood-Century City condo sales rose 25.35%.
WESTSIDE
Beverlywood & Adjacent Communities # SALES
BRENTWOOD
CHEVIOT HILLS RANCHO PARK
WESTWOOD CENTURY CITY
DAYS ON MARKET
Q2 2014
Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
SFR
55
56
1.82%
$1,104,034
$1,163,824
5.42%
59
42
-28.81%
CONDO
18
12
-33.33%
$686,705
$675,324
-1.66%
63
50
-20.63%
SFR
69
72
4.35%
$3,897,987
$3,317,946
-14.88%
73
53
-27.40%
CONDO
60
70
16.67%
$734,182
$833,110
13.47%
47
61
29.79%
SFR
27
25
-7.41%
$1,796,111
$1,912,931
6.50%
27
45
66.67%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
SFR
45
40
-11.11%
$1,928,319
$2,117,800
9.83%
40
33
-17.50%
CONDO
142
178
25.35%
$1,090,615
$1,061,049
-2.71%
78
70
-10.26%
TYPE BEVERLYWOOD
AVERAGE SALES PRICE
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q2 MARKET STATS REPORT |
11
The Sunset Strip-Hollywood Hills West area saw single-family RESIDENCE SALES
RISE 17.12% WHILE PRICES ROSE 7.44% to an average sold price of $2,386,656.
HOLLYWOOD HILLS & MIDCITY Hollywood Hills & Adjacent Communities # SALES Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
40
41
2.50%
$1,206,482
$1,363,530
13.02%
68
65
-4.41%
CONDO
8
15
87.50%
$417,063
$518,537
24.33%
55
68
23.64%
SFR
111
130
17.12%
$2,221,451
$2,386,656
7.44%
87
68
-21.84%
CONDO
31
27
-12.90%
$739,687
$520,805
-29.59%
63
68
7.94%
SFR
35
35
0.00%
$1,427,415
$1,743,014
22.11%
71
39
-45.07%
CONDO
103
125
21.36%
$667,751
$685,935
2.72%
55
55
0.00%
HOLLYWOOD HILLS SFR EAST
WEST HOLLYWOOD
# SALES
HANCOCK PARK WILSHIRE
AVERAGE SOLD PRICE
DAYS ON MARKET
Q2 2014
Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
SFR
50
59
18.00%
$1,439,265
$1,687,534
17.25%
47
41
-12.77%
CONDO
30
23
-23.33%
$654,850
$709,056
8.28%
53
50
-5.66%
SFR
69
86
24.64%
$1,771,972
$1,743,634
-1.60%
62
57
-8.06%
CONDO
49
55
12.24%
$571,569
$566,673
-0.86%
73
52
-28.77%
TYPE BEVERLY CENTER MIRACLE MILE
DAYS ON MARKET
Q2 2014
TYPE
SUNSET STRIP HOLLYWOOD HILLS WEST
AVERAGE SOLD PRICE
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q2 MARKET STATS REPORT |
13
More affordable areas such as Park Hills Heights and Inglewood have seen rises in both sales and prices. For single-family residences in
SALES WERE UP 26% WHILE PRICE ROSE 12.9% AND 15.76% RESPECTIVELY.
Inglewood and Park Hills Heights
WESTSIDE / SOUTH
Culver City & Adjacent Communities # SALES
INGLEWOOD
LADERA HEIGHTS
PARK HILLS HEIGHTS
DAYS ON MARKET
Q2 2014
Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
SFR
58
56
-3.45%
$918,977
$1,005,713
9.44%
44
34
-22.73%
CONDO
60
84
40.00%
$428,988
$503,840
17.45%
47
38
-19.15%
SFR
46
58
26.09%
$365,739
$412,935
12.90%
77
47
-38.96%
CONDO
24
29
20.83%
$198,497
$230,345
16.04%
33
61
84.85%
SFR
9
13
44.44%
$972,222
$921,036
-5.26%
19
40
110.53%
CONDO
2
0
N/A
$355,000
$0
N/A
35
0
N/A
104
131
25.96%
$462,106
$534,922
15.76%
48
49
2.08%
14
17
21.43%
$264,600
$330,200
24.79%
51
18
-64.71%
TYPE CULVER CITY
AVERAGE SOLD PRICE
SFR
CONDO
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q2 MARKET STATS REPORT |
15
LACK OF INVENTORY HAS BEEN A CONCERN FOR THE POPULAR AREA OF LOS FELIZ where sales dropped as the
average sold price rose to $1,537,060.
METRO LOS ANGELES
Downtown Los Angeles & Adjacent Communities # SALES
HOLLYWOOD
LOS FELIZ
SILVER LAKE ECHO PARK
DAYS ON MARKET
Q2 2014
Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
SFR
30
23
-23.33%
$279,380
$322,822
15.55%
45
32
-28.89%
CONDO
139
135
-2.88%
$604,570
$669,654
10.77%
62
64
3.23%
SFR
22
27
22.73%
$1,060,414
$881,702
-16.85%
80
31
-61.25%
CONDO
52
29
-44.23%
$698,568
$717,268
2.68%
71
66
-7.04%
SFR
71
59
-16.90%
$1,481,540
$1,537,060
3.75%
42
41
-2.38%
CONDO
9
7
-22.22%
$505,556
$547,629
8.32%
34
42
23.53%
SFR
92
80
-13.04%
$931,791
$904,286
-2.95%
35
46
31.43%
CONDO
19
19
0.00%
$479,237
$688,395
43.64%
53
50
-5.66%
TYPE DOWNTOWN L.A.
AVERAGE SOLD PRICE
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q2 MARKET STATS REPORT |
17
18
| SAN FERNANDO VALLEY
SAN FERNANDO VALLEY
The West San Fernando Valley has seen both prices and sales rise. In Calabasas, single-family home sales were up 9.33% while prices were up 16.97% to $1,595,450. IN WESTLAKE
VILLAGE SALES OF SINGLE-FAMILY HOMES WERE UP 35.35% year over year with
an average sold price of $1,382,656.
SAN FERNANDO VALLEY WEST OF 405 Agoura & Adjacent Communities # SALES
CALABASAS
CHATSWORTH
ENCINO
HIDDEN HILLS
Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
109
113
3.67%
$952,024
$961,684
1.01%
84
69
-17.86%
CONDO
61
61
0.00%
$364,203
$394,362
8.28%
61
63
3.28%
SFR
75
82
9.33%
$1,363,953
$1,595,450
16.97%
77
78
1.30%
CONDO
18
17
-5.56%
$475,194
$410,206
-13.68%
57
56
-1.75%
SFR
63
83
31.75%
$668,179
$650,833
-2.60%
64
61
-4.69%
CONDO
34
32
-5.88%
$330,837
$342,347
3.48%
46
59
28.26%
SFR
119
143
20.17%
$1,126,218
$1,307,469
16.09%
55
59
7.27%
CONDO
60
62
3.33%
$328,467
$380,437
15.82%
57
59
3.51%
SFR
9
15
66.67%
$3,030,333
$3,017,133
-0.44%
96
118
22.92%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
SFR
# SALES
TARZANA
WESTLAKE VILLAGE
WOODLAND HILLS
AVERAGE SOLD PRICE
DAYS ON MARKET
Q2 2014
Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
SFR
175
218
24.57%
$650,894
$672,928
3.39%
51
49
-3.92%
CONDO
52
49
-5.77%
$370,807
$415,826
12.14%
56
55
-1.79%
SFR
80
63
-21.25%
$978,032
$1,077,412
10.16%
65
74
13.85%
CONDO
46
68
47.83%
$310,913
$295,792
-4.86%
48
56
16.67%
SFR
99
134
35.35%
$1,249,584
$1,382,656
10.65%
71
69
-2.82%
CONDO
56
57
1.79%
$540,811
$578,935
7.05%
60
57
-5.00%
SFR
197
199
1.02%
$762,729
$808,831
6.04%
67
63
-5.97%
CONDO
62
70
12.90%
$343,524
$385,642
12.26%
46
56
21.74%
TYPE NORTHRIDGE
DAYS ON MARKET
Q2 2014
TYPE AGOURA
AVERAGE SOLD PRICE
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q2 MARKET STATS REPORT |
21
SALES IN BURBANK AND TOLUCA LAKE HAVE SHOWN STRONG YEAROVER-YEAR GROWTH. Sales of
single-family residences in Burbank were up 25.93% and up 38.89% in Toluca Lake.
SAN FERNANDO VALLEY EAST OF 405 Sherman Oaks & Adjacent Communities # SALES
SHERMAN OAKS
STUDIO CITY
TOLUCA LAKE
DAYS ON MARKET
Q2 2014
Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
135
170
25.93%
$720,639
$748,224
3.83%
47
50
6.38%
CONDO
51
68
33.33%
$448,111
$456,751
1.93%
48
44
-8.33%
SFR
175
174
-0.57%
$1,063,657
$1,313,779
23.52%
56
50
-10.71%
CONDO
81
99
22.22%
$415,577
$460,363
10.78%
53
51
-3.77%
SFR
105
101
-3.81%
$1,344,007
$1,403,415
4.42%
55
54
-1.82%
CONDO
42
53
26.19%
$539,286
$567,128
5.16%
63
55
-12.70%
SFR
18
25
38.89%
$1,608,056
$1,188,539
-26.09%
80
52
-35.00%
CONDO
19
13
-31.58%
$482,757
$527,308
9.23%
60
50
-16.67%
TYPE BURBANK
AVERAGE SOLD PRICE
SFR
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q2 MARKET STATS REPORT | 23
24
| SAN GABRIEL VALLEY
SAN GABRIEL VALLEY
Prices have stabilized in Pasadena, spiking sales. THE
NUMBER OF SALES IN PASADENA ROSE 21.79% year over year for single-family
residences and 20% for condos. South Pasadena saw sales rise 13.33% while prices rose 5.69%.
PASADENA
Pasadena & Adjacent Communities # SALES
ALTADENA
Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
SFR
60
62
3.33%
$587,867
$578,613
-1.57%
38
59
55.26%
CONDO
29
28
-3.45%
$423,610
$442,232
4.40%
34
60
76.47%
SFR
108
125
15.74%
$726,693
$751,078
3.36%
39
49
25.64%
2
1
-50.00%
$258,000
$295,000
14.34%
43
5
-88.37%
SFR
234
285
21.79%
$1,054,164
$1,047,285
-0.65%
38
48
26.32%
CONDO
110
132
20.00%
$582,636
$550,379
-5.54%
48
57
18.75%
SFR
64
64
0.00%
$742,218
$763,425
2.86%
36
46
27.78%
CONDO
13
12
-7.69%
$353,469
$446,800
26.40%
27
71
162.96%
SFR
36
36
0.00%
$2,174,730
$2,740,444
26.01%
23
46
100.00%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
30
34
13.33%
$1,243,594
$1,314,348
5.69%
29
51
75.86%
6
8
33.33%
$467,833
$479,000
2.39%
58
50
-13.79%
CONDO PASADENA
SAN GABRIEL
SAN MARINO
SOUTH PASADENA
DAYS ON MARKET
Q2 2014
TYPE ALHAMBRA
AVERAGE SOLD PRICE
SFR CONDO
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q2 MARKET STATS REPORT | 27
La Ca単ada Flintridge continues to be one of the most desirable communities with SALES OF HOMES RISING 31.34% as prices rose 26.1% and days on market
shrunk by 12.5%.
LA CAÑADA FLINTRIDGE
La Cañada Flintridge & Adjacent Communities # SALES
GLENDALE
LA CAÑADA FLINTRIDGE
LA CRESCENTA/ MONTROSE/ SPARR HEIGHTS
Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
SFR
14
8
-42.86%
$655,071
$692,625
5.73%
31
39
25.81%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
SFR
199
206
3.52%
$790,190
$876,788
10.96%
43
49
13.95%
CONDO
110
111
0.91%
$372,061
$403,746
8.52%
47
54
14.89%
SFR
67
88
31.34%
$1,462,530
$1,844,322
26.10%
40
35
-12.50%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
SFR
98
89
-9.18%
$749,610
$817,139
9.01%
44
47
6.82%
8
4
-50.00%
$374,625
$542,250
44.74%
23
43
86.96%
113
106
-6.19%
$467,314
$512,682
9.71%
45
51
13.33%
6
4
-33.33%
$312,242
$338,750
8.49%
61
31
-49.18%
CONDO SUNLAND / TUJUNGA
DAYS ON MARKET
Q2 2014
TYPE ATWATER
AVERAGE SOLD PRICE
SFR
CONDO
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q2 MARKET STATS REPORT | 29
PRICES IN NORTHEAST LOS ANGELES ARE STILL ON THE RISE but the rate of increase has slowed. Eagle Rock
saw prices for single-family homes rise to an average sold price of 11.91% and Mount Washington saw a
13.28% increase, while Highland Park prices rose 7.55%.
NORTHEAST LOS ANGELES Eagle Rock & Adjacent Communities # SALES Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
58
52
-10.34%
$661,382
$740,143
11.91%
35
43
22.86%
1
0
N/A
$370,000
$0
N/A
5
0
N/A
46
41
-10.87%
$562,136
$620,659
10.41%
36
60
66.67%
CONDO
0
2
N/A
$0
$307,000
N/A
0
113
N/A
SFR
87
88
1.15%
$555,493
$597,428
7.55%
35
37
5.71%
CONDO
2
4
100.00%
$152,800
$276,250
80.79%
13
44
238.46%
SFR
11
8
-27.27%
$485,591
$646,294
33.09%
37
45
21.62%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
SFR
4
8
100.00%
$656,000
$488,250
-25.57%
12
52
333.33%
CONDO
25
26
4.00%
$352,344
$367,231
4.23%
48
46
-4.17%
SFR
40
33
-17.50%
$637,145
$721,782
13.28%
35
52
48.57%
0
0
N/A
$0
$0
N/A
0
0
N/A
SFR CONDO
GLASSEL PARK
HIGHLAND PARK
MONTECITO HEIGHTS
MONTEREY HILLS
MT. WASHINGTON
DAYS ON MARKET
Q2 2014
TYPE EAGLE ROCK
AVERAGE SOLD PRICE
SFR
CONDO
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q2 MARKET STATS REPORT |
31
Azusa, which has had some of the lower average sold
A SPIKE OF 35.48% IN SINGLE-FAMILY HOME SALES while prices rose
prices in the East San Gabriel Valley, saw
12.92% to an average sold price of $430,646.
EAST SAN GABRIEL VALLEY Arcadia & Adjacent Communities # SALES
AZUSA
BRADBURY
MONROVIA
MONTEREY PARK
SIERRA MADRE
DAYS ON MARKET
Q2 2014
Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
SFR
139
136
-2.16%
$1,617,047
$1,735,129
7.30%
29
71
144.83%
CONDO
22
18
-18.18%
$598,722
$522,667
-12.70%
16
37
131.25%
SFR
62
84
35.48%
$381,380
$430,646
12.92%
51
50
-1.96%
CONDO
23
33
43.48%
$268,143
$290,020
8.16%
40
50
25.00%
SFR
5
6
20.00%
$1,897,580
$2,911,833
53.45%
30
74
146.67%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
SFR
81
78
-3.70%
$731,671
$697,664
-4.65%
36
57
58.33%
CONDO
5
23
360.00%
$421,000
$415,717
-1.25%
33
62
87.88%
SFR
65
59
-9.23%
$586,160
$576,237
-1.69%
31
46
48.39%
CONDO
19
16
-15.79%
$437,534
$563,293
28.74%
32
55
71.88%
SFR
27
38
40.74%
$875,404
$1,010,503
15.43%
38
61
60.53%
1
2
100.00%
$535,000
$366,850
-31.43%
8
68
750.00%
TYPE ARCADIA
AVERAGE SOLD PRICE
CONDO
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q2 MARKET STATS REPORT | 33
34
| SOUTH BAY
SOUTH BAY
THE SOUTH BAY STORY IS ONE OF INCREASING PRICES AS MANY PEOPLE DISCOVER THE CHARMS
Manhattan Beach single-family residence prices rose 9.9% year over year while nearby
OF THE AREA.
Hermosa Beach and Redondo Beach each saw double-digit price increases.
SOUTH BAY
Manhattan Beach & Adjacent Communities # SALES
HERMOSA BEACH
Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
Q2 2014
Q2 2015
% CHANGE
SFR
24
21
-12.50%
$917,158
$1,039,250
13.31%
44
28
-36.36%
CONDO
4
9
125.00%
$382,000
$479,000
25.39%
24
63
162.50%
SFR
36
39
8.33%
$1,878,743
$2,472,859
31.62%
59
44
-25.42%
8
13
62.50%
$657,938
$703,442
6.92%
62
46
-25.81%
SFR
69
86
24.64%
$469,744
$527,904
12.38%
69
58
-15.94%
CONDO
15
20
33.33%
$484,363
$546,350
12.80%
56
57
1.79%
SFR
119
82
-31.09%
$2,244,391
$2,468,563
9.99%
41
43
4.88%
0
2
N/A
$0
$1,074,500
N/A
0
2
N/A
40
59
47.50%
$1,685,121
$2,091,324
24.11%
60
65
8.33%
CONDO
3
2
-33.33%
$696,333
$743,500
6.77%
42
76
80.95%
SFR
14
6
-57.14%
$1,566,214
$2,272,500
45.10%
55
113
105.45%
CONDO
32
39
21.88%
$514,484
$495,077
-3.77%
59
49
-16.95%
SFR
6
4
-33.33%
$1,171,167
$1,851,625
58.10%
121
62
-48.76%
CONDO
24
32
33.33%
$663,684
$800,391
20.60%
39
42
7.69%
SFR
87
119
36.78%
$1,444,267
$1,399,778
-3.08%
68
76
11.76%
CONDO
21
19
-9.52%
$610,252
$708,811
16.15%
81
90
11.11%
SFR
96
116
20.83%
$948,430
$1,148,754
21.12%
51
44
-13.73%
CONDO
38
47
23.68%
$572,481
$659,677
15.23%
56
38
-32.14%
SFR
24
27
12.50%
$1,666,333
$1,462,963
-12.20%
47
52
10.64%
5
3
-40.00%
$548,305
$494,105
-9.89%
42
49
16.67%
208
257
23.56%
$658,547
$697,018
5.84%
39
47
20.51%
53
54
1.89%
$365,058
$372,814
2.12%
44
64
45.45%
CONDO HAWTHORNE
MANHATTAN BEACH
CONDO PALOS VERDES ESTATES
PLAYA DEL REY
PLAYA VISTA
RANCHO PALOS VERDES
REDONDO BEACH
ROLLING HILLS ESTATE
SFR
CONDO TORRANCE
DAYS ON MARKET
Q2 2014
TYPE EL SEGUNDO
AVERAGE SOLD PRICE
SFR CONDO
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q2 MARKET STATS REPORT | 37
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