Q4 2015
MARKET STATS REAL ESTATE REPORT
Q4 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 NORTHEAST LOS ANGELES ...................................... 31 EAST SAN GABRIEL VALLEY ..................................... 33
South Bay MANHATTAN BEACH.................................................... 37
INTRODUCTION The fourth quarter of 2015 saw home prices continue to rise in most areas of the Los Angeles market while the number of sales decreased, following a nationwide trend. Buyers, however, continue to seek value, resulting in an increase in home sales in a few select Los Angeles neighborhoods.
income-producing multifamily buildings. Development is a hot topic across the city as planned interim ordinances could limit some homeowners’ ability to expand their homes. At Partners Trust, we are keeping an eye on this situation and attending town hall meetings so we are informed on the latest changes.
The November report from the National Association of Realtors® (NAR) showed that nationwide total existing home sales fell 10.5% to a seasonally adjusted annual rate of 4.76 million, the slowest pace in 19 months. Analysts suspect that the new federal “Know Before You Owe” disclosure rule may have slowed sales, along with delayed escrow closings, which potentially pushed some would-be November transactions into December. Local escrow companies reported that transactions involving loans were delayed on average 12-15 days.
Interest Rates Rise
Locally, Deal Seeking Continues Days on market have been steadily increasing for homes at the upper price points while more modestly priced homes continue to trade briskly. Overall, sales in the fourth quarter were down even as prices continued to rise in many areas. From 2014 to 2015, the average price for a single-family residence in Brentwood increased more than 50%, from $3,055,358 to $4,695,773, making it one of the leaders on the Westside. More condos continue to come on the market in the Westwood-Century City area. An influx of units drove sales dramatically and pushed the average sale prices up to $1.274 million. The San Fernando Valley continued its 2015 trend of stronger sales and moderately rising prices. Sales in some areas slowed as housing prices in areas such as Encino, Sherman Oaks and Studio City rose to Westside levels. The average sold price in Studio City was $1,466,108 and the average price for a sold single-family residence in Encino was $1,354,661. The trendy areas on the Eastside, such as Silver LakeEcho Park and Glassell Park, saw sales increase as buyers sought value in gentrifying areas. Average sale prices also rose in Mount Washington, Eagle Rock, and Highland Park. These areas continue to attract development as well as retail and commercial opportunities. Housing affordability remains around 30% in Los Angeles, and low inventory remains an ongoing issue. Rents in some areas of Los Angeles rose by double digits in 2015 and that trend is only expected to increase. Rental vacancy rates remain low, generating strong interest in
2015 MLS/CLAW/PFAR/CRMLS DATA™
In December, the Federal Reserve Board finally enacted a long-awaited rate hike, raising the benchmark interest rate by 0.25% percentage points. “The economic recovery has clearly come a long way, although it is not complete,” the Fed’s chairwoman, Janet L. Yellen, said at a press conference at the time of the announcement. The final third quarter GDP estimate put economic growth at a modest but steady 2%. Most economists predict that future interest rate increases will be slow and modest to avoid jostling a still unsteady economy. Mortgage rates are expected to rise but remain close to or under 5% for most of 2016. Job creation has been strong in the past two years. Now, wages are slowly catching up. The latest data from the Labor Department shows that wages are up 2.5% from a year ago. Construction is continuing to fuel that market as well. Nationwide builders added 45,000 jobs in December after a 48,000 increase in November. Both housing starts and permits rose in November and November marked the eighth straight month that starts were above 1 million units; which is the longest stretch since 2007. In Los Angeles County, the unemployment rate for November dipped below 6% for the first time in eight years and many local employers are continuing with plans to add employees and offices in 2016. Looking Forward Although 2016 has gotten off to a bit of an unsteady start in the stock market, indications are strong for the economy’s path of modest improvement to continue. An election year can be a time when the economy slows a bit but overall the table is set for a year very similar to 2015 in the real estate market. One of the biggest challenges remains low inventory. People have been staying in their homes longer, putting millennials who are ready for homeownership at a disadvantage. However, there continues to be opportunities for those who are both patient and prepared.
PARTNERS TRUST 2015 Q4 MARKET STATS REPORT |
3
4
| LOS ANGELES & WESTSIDE
LOS ANGELES & WESTSIDE
In Santa Monica, single-family residence sales continued to decline, as inventory remained low. Sales were down -26.47% year over year while prices rose over 12% to over $2.96 million. Single-family residences in Pacific Palisades were up 9% and the average sale price was over
$3.125 million.
COASTAL COMMUNITIES Santa Monica & Adjacent Communities # SALES
MALIBU
MALIBU BEACH
PACIFIC PALISADES
SANTA MONICA
TOPANGA
AVERAGE SOLD PRICE
TYPE
Q4 2014
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
SFR
46
47
2.17%
$2,691,526
$3,412,399
26.78%
169
144
-14.79%
CONDO
7
7
0.00%
$920,857
$761,599
-17.29%
74
106
43.24%
SFR
9
13
44.44%
$8,010,247
$6,769,470
-15.49%
145
184
26.90%
CONDO
10
4
-60.00%
$1,065,168
$1,156,250
8.55%
150
41
-72.67%
SFR
55
60
9.09%
$2,815,492
$3,125,613
11.01%
62
71
14.52%
CONDO
16
15
-6.25%
$828,848
$949,718
14.58%
68
73
7.35%
SFR
68
50
-26.47%
$2,642,519
$2,961,688
12.08%
54
56
3.70%
CONDO
135
102
-24.44%
$1,271,905
$1,237,091
-2.74%
49
71
44.90%
SFR
23
18
-21.74%
$1,110,630
$1,100,417
-0.92%
97
108
11.34%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
# SALES
MARINA DEL REY
PALMS - MAR VISTA
VENICE
WESTCHESTER
DAYS ON MARKET
AVERAGE SOLD PRICE
DAYS ON MARKET
TYPE
Q4 2014
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
SFR
12
11
-8.33%
$1,507,667
$1,874,227
24.31%
56
66
17.86%
CONDO
100
79
-21.00%
$804,958
$981,388
21.92%
86
55
-36.05%
SFR
99
85
-14.14%
$1,220,235
$1,344,186
10.16%
57
47
-17.54%
CONDO
35
36
2.86%
$592,257
$593,861
0.27%
60
53
-11.67%
SFR
54
54
0.00%
$2,027,150
$2,027,862
0.04%
64
55
-14.06%
CONDO
8
9
12.50%
$981,563
$1,350,556
37.59%
91
28
-69.23%
SFR
77
68
-11.69%
$942,799
$1,069,312
13.42%
51
42
-17.65%
CONDO
9
9
0.00%
$456,333
$464,222
1.73%
58
37
-36.21%
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q4 MARKET STATS REPORT |
7
In Bel-Air / Holmby Hills, the average price of a single-family residence rose to $4.27 million, while days on market shrank -20.25%. The average single-family residence price dropped -5.42% to $6.63 million in Beverly Hills.
THE HILLS
Beverly Hills & Adjacent Communities # SALES Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
39
29
-25.64%
$3,600,536
$4,278,776
18.84%
79
63
-20.25%
2
2
0.00%
$970,000
$515,000
-46.91%
110
56
-49.09%
SFR
35
29
-17.14%
$7,012,350
$6,632,176
-5.42%
84
60
-28.57%
CONDO
21
25
19.05%
$1,101,055
$1,460,219
32.62%
86
77
-10.47%
SFR
44
45
2.27%
$4,016,730
$3,912,644
-2.59%
95
84
-11.58%
1
0
N/A
$585,000
$0
N/A
323
0
N/A
SFR
CONDO BEVERLY HILLS
BEVERLY HILLS P.O.
DAYS ON MARKET
Q4 2014
TYPE BEL AIR HOLMBY HILLS
AVERAGE SOLD PRICE
CONDO
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q4 MARKET STATS REPORT |
9
In Brentwood, average sale prices for single-family homes elevated 53.69% to over $4.695 million, while sales dropped nearly 24%. Sales of condos in the area rose 9.62% as days on market fell and the average price lifted to $834,205.
WESTSIDE
Beverlywood & Adjacent Communities # SALES
BRENTWOOD
CHEVIOT HILLS RANCHO PARK
WESTWOOD CENTURY CITY
DAYS ON MARKET
Q4 2014
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
SFR
51
38
-25.49%
$1,022,878
$1,138,489
11.30%
57
54
-5.26%
CONDO
21
15
-28.57%
$676,869
$646,000
-4.56%
65
77
18.46%
SFR
70
53
-24.29%
$3,055,358
$4,695,773
53.69%
58
64
10.34%
CONDO
52
57
9.62%
$807,918
$834,205
3.25%
59
51
-13.56%
SFR
21
13
-38.10%
$1,691,113
$1,586,692
-6.17%
41
42
2.44%
CONDO
0
1
N/A
$0
$1,200,000
N/A
0
50
N/A
SFR
38
43
13.16%
$1,793,711
$2,113,340
17.82%
48
43
-10.42%
CONDO
9
134
1388.89%
$456,333
$1,274,490
179.29%
58
68
17.24%
TYPE BEVERLYWOOD
AVERAGE SALES PRICE
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q4 MARKET STATS REPORT |
11
West Hollywood showed increasing strength, with single-family residence sales up 9.68% and condo sales up 10.34%. Average single-family residence prices also rose 21.97% up to $1.667 million, and condo prices were up 16.29% to $762,407.
HOLLYWOOD HILLS & MID-CITY Hollywood Hills & Adjacent Communities # SALES
SUNSET STRIP HOLLYWOOD HILLS WEST
WEST HOLLYWOOD
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
SFR
37
37
0.00%
$1,410,731
$1,301,815
-7.72%
67
59
-11.94%
CONDO
12
10
-16.67%
$405,042
$488,300
20.56%
103
80
-22.33%
104
115
10.58%
$2,464,066
$2,115,935
-14.13%
79
70
-11.39%
CONDO
21
24
14.29%
$688,548
$665,338
-3.37%
81
72
-11.11%
SFR
31
34
9.68%
$1,367,353
$1,667,785
21.97%
56
65
16.07%
CONDO
87
96
10.34%
$655,628
$762,407
16.29%
62
50
-19.35%
SFR
# SALES
AVERAGE SOLD PRICE
DAYS ON MARKET
Q4 2014
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
50
40
-20.00%
$1,535,736
$1,613,892
5.09%
62
54
-12.90%
CONDO
23
24
4.35%
$650,587
$770,745
18.47%
73
40
-45.21%
SFR
77
66
-14.29%
$1,786,605
$1,904,877
6.62%
53
53
0.00%
CONDO
35
36
2.86%
$644,997
$554,925
-13.96%
77
63
-18.18%
TYPE BEVERLY CENTER - SFR MIRACLE MILE
HANCOCK PARK WILSHIRE
DAYS ON MARKET
Q4 2014
TYPE HOLLYWOOD HILLS EAST
AVERAGE SOLD PRICE
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q4 MARKET STATS REPORT |
13
Single-family home average sale prices in Ladera Heights rose 21.25% in Q4 to crest over $1 million to $1.007 million. Park Hills Heights is gaining heat; sales of single-family residences were up 13.83% as prices in this affordable neighborhood hit an average of $548,574, up 11.61%.
WESTSIDE / SOUTH
Culver City & Adjacent Communities # SALES
INGLEWOOD
LADERA HEIGHTS
PARK HILLS HEIGHTS
DAYS ON MARKET
Q4 2014
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
SFR
54
59
9.26%
$927,111
$1,079,747
16.46%
45
54
20.00%
CONDO
60
62
3.33%
$483,226
$557,863
15.45%
47
37
-21.28%
SFR
55
51
-7.27%
$394,729
$421,627
6.81%
74
52
-29.73%
CONDO
26
26
0.00%
$215,538
$253,361
17.55%
70
35
-50.00%
SFR
17
15
-11.76%
$830,531
$1,007,037
21.25%
57
43
-24.56%
CONDO
0
3
N/A
$0
$374,233
N/A
0
78
N/A
94
107
13.83%
$491,498
$548,574
11.61%
65
44
-32.31%
11
13
18.18%
$297,636
$328,877
10.50%
66
54
-18.18%
TYPE CULVER CITY
AVERAGE SOLD PRICE
SFR
CONDO
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q4 MARKET STATS REPORT |
15
Demand for both single-family residences and condos is high in Hollywood but lack of inventory drove sales and days on market down. The average price for single-family residences was up 17.75% to $970,206.
METRO LOS ANGELES
Downtown Los Angeles & Adjacent Communities # SALES
HOLLYWOOD
LOS FELIZ
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
17
25
47.06%
$254,359
$344,179
35.31%
49
51
4.08%
CONDO
107
101
-5.61%
$608,182
$643,308
5.78%
65
68
4.62%
SFR
35
18
-48.57%
$823,928
$970,206
17.75%
58
52
-10.34%
CONDO
27
25
-7.41%
$626,444
$684,960
9.34%
99
72
-27.27%
SFR
60
44
-26.67%
$1,622,516
$1,917,565
18.18%
63
53
-15.87%
6
12
100.00%
$493,667
$581,292
17.75%
35
72
105.71%
88
101
14.77%
$995,027
$905,823
-8.96%
51
44
-13.73%
7
13
85.71%
$514,271
$617,118
20.00%
68
42
-38.24%
SFR
CONDO SILVER LAKE ECHO PARK
DAYS ON MARKET
Q4 2014
TYPE DOWNTOWN L.A.
AVERAGE SOLD PRICE
SFR
CONDO
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q4 MARKET STATS REPORT |
17
18
| SAN FERNANDO VALLEY
SAN FERNANDO VALLEY
Celebrity-friendly Calabasas saw a sales spike in single-family residences in Q4, up 76.32% to 67 homes, while the average sale price dropped -15.58% to $1,483,011.
SAN FERNANDO VALLEY WEST OF 405 Agoura & Adjacent Communities # SALES
CALABASAS
CHATSWORTH
ENCINO
HIDDEN HILLS
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
SFR
71
76
7.04%
$983,505
$943,704
-4.05%
96
78
-18.75%
CONDO
36
41
13.89%
$407,081
$439,908
8.06%
68
74
8.82%
SFR
38
67
76.32%
$1,756,605
$1,483,011
-15.58%
81
99
22.22%
CONDO
18
22
22.22%
$419,103
$457,550
9.17%
98
72
-26.53%
SFR
62
56
-9.68%
$772,250
$681,777
-11.72%
80
74
-7.50%
CONDO
36
41
13.89%
$344,636
$353,403
2.54%
65
53
-18.46%
SFR
115
106
-7.83%
$1,274,780
$1,354,661
6.27%
64
61
-4.69%
CONDO
55
65
18.18%
$373,766
$387,690
3.73%
79
68
-13.92%
SFR
8
7
-12.50%
$3,781,250
$4,152,143
9.81%
120
131
9.17%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
# SALES
TARZANA
WESTLAKE VILLAGE
WOODLAND HILLS
AVERAGE SOLD PRICE
DAYS ON MARKET
Q4 2014
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
SFR
192
192
0.00%
$622,542
$677,308
8.80%
67
66
-1.49%
CONDO
38
39
2.63%
$391,771
$410,513
4.78%
70
55
-21.43%
SFR
55
78
41.82%
$966,436
$959,733
-0.69%
81
73
-9.88%
CONDO
48
35
-27.08%
$319,352
$301,399
-5.62%
60
77
28.33%
SFR
91
72
-20.88%
$1,484,927
$1,662,103
11.93%
112
83
-25.89%
CONDO
38
51
34.21%
$571,579
$581,011
1.65%
57
77
35.09%
SFR
161
164
1.86%
$748,254
$828,552
10.73%
63
66
4.76%
CONDO
46
60
30.43%
$361,433
$383,537
6.12%
69
61
-11.59%
TYPE NORTHRIDGE
DAYS ON MARKET
Q4 2014
TYPE AGOURA
AVERAGE SOLD PRICE
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q4 MARKET STATS REPORT |
21
After a rise of over 25% in Q3, Studio City sales were mostly flat in Q4, but days on market shrunk by nearly 22% as the average price rose 13.05% to $1.466 million.
SAN FERNANDO VALLEY EAST OF 405 Sherman Oaks & Adjacent Communities # SALES
SHERMAN OAKS
STUDIO CITY
TOLUCA LAKE
DAYS ON MARKET
Q4 2014
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
SFR
133
129
-3.01%
$704,323
$797,294
13.20%
48
55
14.58%
CONDO
52
56
7.69%
$439,934
$466,066
5.94%
66
48
-27.27%
SFR
166
148
-10.84%
$959,513
$1,131,116
17.88%
55
60
9.09%
CONDO
71
66
-7.04%
$436,601
$468,747
7.36%
69
56
-18.84%
SFR
84
85
1.19%
$1,296,908
$1,466,108
13.05%
74
58
-21.62%
CONDO
35
43
22.86%
$534,670
$534,442
-0.04%
70
68
-2.86%
SFR
19
16
-15.79%
$1,163,254
$1,188,844
2.20%
67
43
-35.82%
CONDO
16
10
-37.50%
$439,125
$502,950
14.53%
39
62
58.97%
TYPE BURBANK
AVERAGE SOLD PRICE
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q4 MARKET STATS REPORT | 23
24
| SAN GABRIEL VALLEY
SAN GABRIEL VALLEY
Single-family residence prices were back on the rise in Pasadena; up 12.52% to $1,045,875 and sales went up 7.18%. Condo sales also lifted
19.05% as prices were up 6.68% to an average of $629,847.
PASADENA
Pasadena & Adjacent Communities # SALES
ALTADENA
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
SFR
49
59
20.41%
$582,008
$587,560
0.95%
51
55
7.84%
CONDO
18
21
16.67%
$426,097
$456,833
7.21%
46
61
32.61%
SFR
94
106
12.77%
$726,365
$784,359
7.98%
52
66
26.92%
1
0
N/A
$265,000
$0
N/A
67
0
N/A
SFR
195
209
7.18%
$929,540
$1,045,875
12.52%
44
57
29.55%
CONDO
84
100
19.05%
$590,424
$629,847
6.68%
61
59
-3.28%
SFR
77
60
-22.08%
$761,096
$732,247
-3.79%
41
56
36.59%
CONDO
6
16
166.67%
$439,354
$528,951
20.39%
62
43
-30.65%
SFR
24
32
33.33%
$2,183,286
$2,376,115
8.83%
35
48
37.14%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
35
32
-8.57%
$1,263,651
$1,288,553
1.97%
48
47
-2.08%
11
10
-9.09%
$589,682
$536,630
-9.00%
40
52
30.00%
CONDO PASADENA
SAN GABRIEL
SAN MARINO
DAYS ON MARKET
Q4 2014
TYPE ALHAMBRA
AVERAGE SOLD PRICE
SOUTH PASADENA SFR CONDO
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q4 MARKET STATS REPORT | 27
La Ca単ada Flintridge remains a hot market. Days on market fell -10.77%, while prices remained mostly stable, with the average sale price inching down -1.12% to $1,927,259. Sales rose 5.36% with 59 homes sold. In nearby Glendale, the condo market continues to grow with sales up 11.25%.
LA CAÑADA FLINTRIDGE
La Cañada Flintridge & Adjacent Communities # SALES
GLENDALE
LA CAÑADA FLINTRIDGE
LA CRESCENTA MONTROSE SPARR HEIGHTS
SUNLAND TUJUNGA
DAYS ON MARKET
Q4 2014
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
SFR
15
13
-13.33%
$596,430
$776,000
30.11%
55
52
-5.45%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
SFR
143
124
-13.29%
$837,224
$845,148
0.95%
43
52
20.93%
CONDO
80
89
11.25%
$391,721
$427,988
9.26%
47
46
-2.13%
SFR
56
59
5.36%
$1,949,111
$1,927,259
-1.12%
65
58
-10.77%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
80
76
-5.00%
$722,719
$777,951
7.64%
53
44
-16.98%
CONDO
7
13
85.71%
$374,143
$413,092
10.41%
56
59
5.36%
SFR
91
99
8.79%
$475,657
$514,174
8.10%
52
56
7.69%
1
8
700.00%
$402,000
$326,875
-18.69%
22
43
95.45%
TYPE ATWATER
AVERAGE SOLD PRICE
SFR
CONDO
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q4 MARKET STATS REPORT | 29
Prices in Northeast Los Angeles still seem to have room for expansion. Eagle Rock saw prices for single-family homes rise by 10.06% to $741,911, Mount Washington saw a 29.39% increase in year-over-year average sold prices to $791,974, Glassell Park saw a 15.93% rise to $648,213, and in Highland Park, the average single-family home price lifted 7.81% to $597,989.
NORTHEAST LOS ANGELES Eagle Rock & Adjacent Communities # SALES
GLASSELL PARK
HIGHLAND PARK
MONTECITO HEIGHTS
MONTEREY HILLS
MT. WASHINGTON
DAYS ON MARKET
Q4 2014
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
SFR
56
52
-7.14%
$674,098
$741,911
10.06%
40
60
50.00%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
SFR
35
46
31.43%
$559,164
$648,213
15.93%
61
53
-13.11%
CONDO
0
2
N/A
$0
$567,181
N/A
0
37
N/A
90
65
-27.78%
$554,667
$597,989
7.81%
42
51
21.43%
CONDO
5
4
-20.00%
$252,060
$322,125
27.80%
63
46
-26.98%
SFR
11
9
-18.18%
$553,818
$560,833
1.27%
57
63
10.53%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
SFR
8
4
-50.00%
$584,938
$601,750
2.87%
41
36
-12.20%
CONDO
18
20
11.11%
$343,011
$370,000
7.87%
93
49
-47.31%
SFR
42
38
-9.52%
$612,104
$791,974
29.39%
41
47
14.63%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
TYPE EAGLE ROCK
AVERAGE SOLD PRICE
SFR
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q4 MARKET STATS REPORT |
31
In Arcadia, Q3 saw a rise in sales while Q4 saw sales flat, but a 4.34% increase in average sold price to $1,813,564, while the average condo price rose 14.73% to $695,596.
EAST SAN GABRIEL VALLEY Arcadia & Adjacent Communities # SALES
AZUSA
BRADBURY
MONROVIA
MONTEREY PARK
SIERRA MADRE
DAYS ON MARKET
Q4 2014
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
SFR
117
117
0.00%
$1,738,188
$1,813,564
4.34%
42
74
76.19%
CONDO
22
25
13.64%
$606,309
$695,596
14.73%
33
73
121.21%
SFR
74
59
-20.27%
$409,041
$429,810
5.08%
40
66
65.00%
CONDO
24
23
-4.17%
$280,283
$301,257
7.48%
50
54
8.00%
SFR
7
2
-71.43%
$1,795,714
$5,825,000
224.38%
30
136
353.33%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
SFR
67
61
-8.96%
$673,383
$719,881
6.91%
42
75
78.57%
CONDO
15
11
-26.67%
$419,533
$410,082
-2.25%
41
76
85.37%
SFR
55
57
3.64%
$597,628
$602,845
0.87%
42
58
38.10%
CONDO
20
22
10.00%
$353,215
$442,969
25.41%
63
67
6.35%
SFR
27
29
7.41%
$1,039,394
$970,834
-6.60%
46
59
28.26%
CONDO
2
1
-50.00%
$505,000
$475,000
-5.94%
39
32
-17.95%
TYPE ARCADIA
AVERAGE SOLD PRICE
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q4 MARKET STATS REPORT | 33
34
| SOUTH BAY
SOUTH BAY
Prices remain high in the Beach Cities. In Manhattan Beach, the single-family residence average sale price for Q4 was $2,536,889, down -3.5% year over year. In nearby Hermosa Beach, the average sale price of $2,301,665 represented a 56.14% increase.
SOUTH BAY
Manhattan Beach & Adjacent Communities # SALES
HERMOSA BEACH
HAWTHORNE
MANHATTAN BEACH
PALOS VERDES ESTATES
PLAYA DEL REY
PLAYA VISTA
RANCHO PALOS VERDES
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
Q4 2014
Q4 2015
% CHANGE
SFR
18
18
0.00%
$1,150,889
$1,147,758
-0.27%
94
56
-40.43%
CONDO
9
3
-66.67%
$472,778
$424,667
-10.18%
64
23
-64.06%
SFR
22
29
31.82%
$1,474,064
$2,301,665
56.14%
45
63
40.00%
CONDO
3
15
400.00%
$492,667
$758,740
54.01%
39
38
-2.56%
SFR
72
66
-8.33%
$495,209
$538,602
8.76%
52
46
-11.54%
CONDO
9
11
22.22%
$489,110
$448,182
-8.37%
76
33
-56.58%
94
65
-30.85%
$2,628,976
$2,536,889
-3.50%
49
61
24.49%
CONDO
0
2
N/A
$0
$651,000
N/A
0
16
N/A
SFR
37
20
-45.95%
$2,352,472
$2,179,530
-7.35%
95
76
-20.00%
CONDO
2
2
0.00%
$540,000
$637,000
17.96%
130
34
-73.85%
SFR
12
9
-25.00%
$1,180,833
$1,430,410
21.14%
54
48
-11.11%
CONDO
35
26
-25.71%
$458,614
$627,519
36.83%
62
49
-20.97%
SFR
6
2
-66.67%
$1,510,433
$2,310,000
52.94%
55
15
-72.73%
CONDO
24
15
-37.50%
$753,146
$1,030,667
36.85%
69
29
-57.97%
SFR
88
98
11.36%
$1,305,985
$1,368,370
4.78%
72
66
-8.33%
7
11
57.14%
$525,429
$545,273
3.78%
76
66
-13.16%
SFR
103
87
-15.53%
$1,101,802
$1,122,650
1.89%
51
54
5.88%
CONDO
34
30
-11.76%
$549,714
$645,597
17.44%
71
51
-28.17%
SFR
20
19
-5.00%
$1,702,153
$1,663,685
-2.26%
71
75
5.63%
6
1
-83.33%
$329,417
$835,000
153.48%
38
71
86.84%
209
207
-0.96%
$668,086
$701,061
4.94%
55
59
7.27%
53
63
18.87%
$346,154
$365,475
5.58%
53
56
5.66%
SFR
CONDO REDONDO BEACH
ROLLING HILLS ESTATES
CONDO TORRANCE
DAYS ON MARKET
Q4 2014
TYPE EL SEGUNDO
AVERAGE SOLD PRICE
SFR CONDO
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q4 MARKET STATS REPORT | 37
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