Q1 2015
MARKET STATS REAL ESTATE REPORT
Q1 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 Firm foundations yield great results. As we head into the heart of our busy time of year we are seeing a market that is robustly positioned for continued growth. Last year, sold prices were mostly on the rise across Los Angeles county although the rate of increase slowed toward the end of the year. The first quarter of 2015 has still seen a rapid uptick in prices in some locations however others have seen slower growth or even a drop in prices. The unevenness is a sign that the market continues to normalize. As we noted in our annual report, Silicon Beach is spreading with the result being higher prices in several of the markets that are outside of what was originally considered Silicon Beach. Palms Mar Vista continues to show strong price increases (9% for single-family residences and 16% for condos). Westchester, mentioned in the LA Times at the beginning of the year as a place where prices were rising, saw the average price crest over $1 million in Q1 2015, an increase of over 13% from last year. On the other side of the city, entrepreneurship and creative office growth has also fueled booms in Pasadena, which is augmenting its historic charm with new developments and has seen an increased interest from people moving in from other parts of the city. In nearby La CaĂąada Flintridge we continue to see sales constrained by low inventory, causing sales prices to rise in surrounding communities. The San Fernando Valley had weaker sales in 2014 but has been roaring back in the first quarter of 2015 as inventory becomes more available and prices stabilized. Condos are part of the story here too, especially in places like Burbank and Sherman Oaks which saw dramatic increases in the sales of condos which are at a price point that is attractive for first-time purchasers as well as investors.
Economic stats: Job creation is strong in the area. Los Angeles County’s unemployment rate continues to trend downward, falling to 7.6% in March as the county added 28,400 jobs. The statewide unemployment rate has also been dropping, and is now at 6.5%. While both numbers are above the national rate of 5.5% California and Los Angeles County area seeing strong job growth. Mortgage rates have remained at far below average levels in the first quarter of 2015 and many economists are predicting that trend will last at least through the second quarter of the year. By the end of the year, rates for a 30-year-fixed mortgage may trend closer to the 5% mark. The Fed has declared that it will raise rates this year however tepid economic data including slow growth in consumer spending and lower home building numbers may mean that the expected increase could wait until later in the year. The first quarter of the year has also been a big one for Partners Trust. We announced our first international office: Partners Trust China with an office on the Bund in Shanghai. This Q1 report also now encompasses the South Bay, an area we are proud to serve with the launch of a new office in Manhattan Beach. As we grow, we continue to let our tagline, A Commitment to You, be our guiding force as we remain steadfastly client and community focused and ready to provide a discreet and peerless level of real estate service and market intelligence.
PARTNERS TRUST 2015 Q1 MARKET STATS REPORT |
3
4
| LOS ANGELES & WESTSIDE
LOS ANGELES & WESTSIDE
Silicon Beach remains hot, especially in the condo market. In Santa Monica, condo sales rose 37% year-over-year with a price increase of 20% to an average of $1,093,777.
SALES OF PLAYA VISTA CONDOS WERE UP 70%
WITH A 22% INCREASE IN PRICE.
COASTAL COMMUNITIES Santa Monica & Adjacent Communities # SALES
MALIBU
MALIBU BEACH
PACIFIC PALISADES
SANTA MONICA
AVERAGE SOLD PRICE
TYPE
Q1 2014
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
SFR
37
39
5.41%
$2,632,971
$2,531,490
-3.85%
164
151
-7.93%
CONDO
9
9
0.00%
$833,444
$960,444
15.24%
59
86
45.76%
SFR
11
7
-36.36%
$6,288,409
$5,191,071
-17.45%
150
206
37.33%
CONDO
4
0
N/A
$1,864,500
$0
N/A
125
0
N/A
SFR
64
57
-10.94%
$3,284,724
$3,427,109
4.33%
65
66
1.54%
CONDO
17
11
-35.29%
$953,731
$924,909
-3.02%
55
72
30.91%
SFR
36
42
16.67%
$2,975,835
$2,598,567
-12.68%
76
52
-31.58%
CONDO
79
108
36.71%
$909,597
$1,093,777
20.25%
63
65
3.17%
# SALES
MARINA DEL REY
PALMS - MAR VISTA
VENICE
WESTCHESTER
2015 MLS/CLAW DATA
DAYS ON MARKET
AVERAGE SOLD PRICE
DAYS ON MARKET
TYPE
Q1 2014
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
SFR
12
15
25.00%
$1,683,833
$2,053,377
21.95%
59
63
6.78%
CONDO
68
63
-7.35%
$851,365
$991,361
16.44%
83
74
-10.84%
SFR
67
61
-8.96%
$1,134,093
$1,237,777
9.14%
55
53
-3.64%
CONDO
26
21
-19.23%
$487,904
$566,070
16.02%
55
54
-1.82%
SFR
45
39
-13.33%
$1,599,468
$1,800,666
12.58%
52
68
30.77%
CONDO
8
12
50.00%
$1,209,125
$1,210,667
0.13%
103
51
-50.49%
SFR
55
52
-5.45%
$885,124
$1,002,090
13.21%
53
64
20.75%
CONDO
8
4
-50.00%
$436,750
$498,475
14.13%
73
38
-47.95%
PARTNERS TRUST 2015 Q1 MARKET STATS REPORT |
7
Average sold price for both condos and single-family residences dropped slightly year over year in Beverly Hills providing an OPPORTUNITY
BUYERS AS
FOR CONDO
SALES ROSE 28% YEAR OVER YEAR.
THE HILLS
Beverly Hills & Adjacent Communities # SALES
BEVERLY HILLS
BEVERLY HILLS P.O.
2015 MLS/CLAW DATA
DAYS ON MARKET
Q1 2014
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
SFR
39
45
15.38%
$6,280,449
$4,735,867
-24.59%
158
107
-32.28%
CONDO
0
4
N/A
$0
$786,875
N/A
0
140
N/A
SFR
33
33
0.00%
$6,457,008
$5,976,184
-7.45%
77
105
36.36%
CONDO
25
32
28.00%
$1,448,940
$1,418,860
-2.08%
102
94
-7.84%
SFR
34
28
-17.65%
$3,532,850
$2,458,071
-30.42%
102
101
-0.98%
CONDO
0
0
N/A
$0
$0
0.00%
0
0
N/A
TYPE BEL AIR HOLMBY HILLS
AVERAGE SOLD PRICE
PARTNERS TRUST 2015 Q1 MARKET STATS REPORT |
9
CHEVIOT HILLS WAS NAMED ONE OF THE NEIGHBORHOODS TO WATCH FOR 2015 and that is proving to be true. It is on the rise with the Cheviot Hills-Rancho Park area seeing a
INCREASE IN SALES.
73%
WESTSIDE
Beverlywood & Adjacent Communities # SALES
BRENTWOOD
CHEVIOT HILLS RANCHO PARK
WESTWOOD CENTURY CITY
2015 MLS/CLAW DATA
DAYS ON MARKET
Q1 2014
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
SFR
42
45
7.14%
$1,003,702
$990,844
-1.28%
47
57
21.28%
CONDO
12
14
16.67%
$568,092
$685,143
20.60%
66
58
-12.12%
SFR
33
33
0.00%
$3,242,322
$3,312,285
2.16%
51
71
39.22%
CONDO
38
45
18.42%
$787,091
$749,863
-4.73%
73
75
2.74%
SFR
11
19
72.73%
$1,835,164
$1,547,079
-15.70%
65
80
23.08%
CONDO
1
0
N/A
$585,000
$0
N/A
9
0
N/A
SFR
28
25
-10.71%
$1,920,663
$2,201,420
14.62%
50
70
40.00%
CONDO
118
110
-6.78%
$1,104,447
$1,004,943
-9.01%
80
80
0.00%
TYPE BEVERLYWOOD
AVERAGE SALES PRICE
PARTNERS TRUST 2015 Q1 MARKET STATS REPORT |
11
WEST HOLLYWOOD ROARED INTO 2015
notching up double-digit sales growth for both single-family residences and condos while the average single-family residence sold
PRICE ZOOMED UP 38% TO $1,846,239.
HOLLYWOOD HILLS & MIDCITY Hollywood Hills & Adjacent Communities # SALES Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
27
26
-3.70%
$1,350,791
$1,242,455
-8.02%
95
90
-5.26%
10
11
10.00%
$455,400
$431,000
-5.36%
48
49
2.08%
100
93
-7.00%
$2,057,914
$2,496,932
21.33%
80
79
-1.25%
CONDO
17
22
29.41%
$662,118
$1,288,051
94.53%
81
67
-17.28%
SFR
29
35
20.69%
$1,334,914
$1,846,239
38.30%
57
62
8.77%
CONDO
87
101
16.09%
$630,207
$697,268
10.64%
55
73
32.73%
HOLLYWOOD HILLS SFR EAST CONDO
WEST HOLLYWOOD
SFR
# SALES
HANCOCK PARK WILSHIRE
2015 MLS/CLAW DATA
AVERAGE SOLD PRICE
DAYS ON MARKET
Q1 2014
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
SFR
42
39
-7.14%
$1,485,524
$1,540,769
3.72%
49
57
16.33%
CONDO
19
24
26.32%
$652,684
$699,954
7.24%
84
75
-10.71%
SFR
62
61
-1.61%
$1,816,020
$1,653,218
-8.96%
66
64
-3.03%
CONDO
36
37
2.78%
$511,719
$555,047
8.47%
70
63
-10.00%
TYPE BEVERLY CENTER MIRACLE MILE
DAYS ON MARKET
Q1 2014
TYPE
SUNSET STRIP HOLLYWOOD HILLS WEST
AVERAGE SOLD PRICE
PARTNERS TRUST 2015 Q1 MARKET STATS REPORT |
13
CULVER CITY CONTINUES TO POST STRONG SALES NUMBERS,
UP 35% FOR SINGLE FAMILY HOMES AND 80% FOR CONDOS. The average sold price of a single
family residence in Culver City rose over 30% taking it over the million-dollar mark to $1,010,604.
WESTSIDE / SOUTH
Culver City & Adjacent Communities # SALES
INGLEWOOD
LADERA HEIGHTS
PARK HILLS HEIGHTS
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
SFR
31
42
35.48%
$775,403
$1,010,604
30.33%
52
55
5.77%
CONDO
35
63
80.00%
$461,526
$476,141
3.17%
43
52
20.93%
SFR
54
48
-11.11%
$334,981
$391,921
17.00%
71
60
-15.49%
CONDO
22
29
31.82%
$204,201
$206,701
1.22%
50
64
28.00%
SFR
9
7
-22.22%
$699,000
$818,143
17.04%
70
52
-25.71%
CONDO
3
0
N/A
$344,667
$0
N/A
20
0
N/A
98
99
1.02%
$445,070
$474,577
6.63%
66
60
-9.09%
9
19
111.11%
$318,967
$307,236
-3.68%
62
61
-1.61%
SFR
CONDO
2015 MLS/CLAW DATA
DAYS ON MARKET
Q1 2014
TYPE CULVER CITY
AVERAGE SOLD PRICE
PARTNERS TRUST 2015 Q1 MARKET STATS REPORT |
15
Buyers can’t seem to get enough of perennially trendy
SILVER LAKE-ECHO PARK
WHERE SINGLE-FAMILY RESIDENCE SALES WERE UP NEARLY 14% as the sold price rose over 10% to $850,041.
METRO LOS ANGELES
Downtown Los Angeles & Adjacent Communities # SALES
HOLLYWOOD
LOS FELIZ
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
SFR
32
28
-12.50%
$245,152
$342,491
39.71%
76
85
11.84%
CONDO
114
104
-8.77%
$578,476
$663,795
14.75%
67
72
7.46%
9
20
122.22%
$1,002,889
$1,245,583
24.20%
44
70
59.09%
CONDO
20
22
10.00%
$563,250
$777,784
38.09%
58
75
29.31%
SFR
54
47
-12.96%
$1,517,992
$1,507,458
-0.69%
60
70
16.67%
6
12
100.00%
$429,333
$502,833
17.12%
58
50
-13.79%
65
74
13.85%
$767,822
$850,041
10.71%
49
54
10.20%
7
7
0.00%
$515,857
$549,000
6.42%
55
50
-9.09%
SFR
CONDO SILVER LAKE ECHO PARK
SFR
CONDO
2015 MLS/CLAW DATA
DAYS ON MARKET
Q1 2014
TYPE DOWNTOWN L.A.
AVERAGE SOLD PRICE
PARTNERS TRUST 2015 Q1 MARKET STATS REPORT |
17
18
| SAN FERNANDO VALLEY
SAN FERNANDO VALLEY
The West San Fernando Valley continues to show strength as buyers seek opportunities.
NORTHRIDGE, TARZANA, ENCINO AND WOODLAND HILLS ALL SAW
DOUBLE-DIGIT SALES GROWTH IN Q1 as prices rose at a more
modest pace.
SAN FERNANDO VALLEY WEST OF 405 Agoura & Adjacent Communities # SALES
CALABASAS
CHATSWORTH
ENCINO
HIDDEN HILLS
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
SFR
72
70
-2.78%
$871,334
$886,151
1.70%
81
87
7.41%
CONDO
32
36
12.50%
$387,908
$401,396
3.48%
73
75
2.74%
SFR
43
43
0.00%
$1,602,844
$1,505,948
-6.05%
96
121
26.04%
CONDO
11
24
118.18%
$438,455
$432,597
-1.34%
84
89
5.95%
SFR
56
58
3.57%
$628,165
$602,685
-4.06%
64
86
34.38%
CONDO
31
29
-6.45%
$299,940
$348,929
16.33%
60
77
28.33%
SFR
82
84
2.44%
$1,161,483
$1,365,578
17.57%
75
66
-12.00%
CONDO
42
48
14.29%
$356,843
$368,501
3.27%
61
61
0.00%
SFR
7
7
0.00%
$2,703,571
$2,261,571
-16.35%
193
61
-68.39%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
# SALES
TARZANA
WESTLAKE VILLAGE
WOODLAND HILLS
2015 MLS/CLAW DATA
AVERAGE SOLD PRICE
DAYS ON MARKET
Q1 2014
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
SFR
123
143
16.26%
$597,264
$630,714
5.60%
65
71
9.23%
CONDO
28
38
35.71%
$357,886
$368,129
2.86%
69
65
-5.80%
SFR
62
70
12.90%
$982,704
$1,056,079
7.47%
66
84
27.27%
CONDO
37
45
21.62%
$278,129
$299,833
7.80%
64
61
-4.69%
SFR
75
62
-17.33%
$1,418,815
$1,834,908
29.33%
86
69
-19.77%
CONDO
38
44
15.79%
$552,175
$574,938
4.12%
69
73
5.80%
SFR
114
155
35.96%
$688,006
$732,064
6.40%
61
81
32.79%
CONDO
39
41
5.13%
$336,051
$371,863
10.66%
50
65
30.00%
TYPE NORTHRIDGE
DAYS ON MARKET
Q1 2014
TYPE AGOURA
AVERAGE SOLD PRICE
PARTNERS TRUST 2015 Q1 MARKET STATS REPORT |
21
Condo sales are off to a strong start in Burbank, Sherman Oaks, Studio City and Toluca Lake which all saw
IN BURBANK SALES WERE UP OVER 29%
double-digit growth in sales.
AND SOLD PRICES ROSE OVER 17%.
SAN FERNANDO VALLEY EAST OF 405 Sherman Oaks & Adjacent Communities # SALES
SHERMAN OAKS
STUDIO CITY
TOLUCA LAKE
2015 MLS/CLAW DATA
DAYS ON MARKET
Q1 2014
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
SFR
136
108
-20.59%
$664,445
$719,933
8.35%
52
54
3.85%
CONDO
48
62
29.17%
$412,448
$484,800
17.54%
57
67
17.54%
SFR
126
116
-7.94%
$979,282
$1,116,028
13.96%
69
65
-5.80%
CONDO
60
83
38.33%
$425,372
$467,351
9.87%
57
54
-5.26%
SFR
66
56
-15.15%
$1,298,659
$1,231,888
-5.14%
62
66
6.45%
CONDO
39
43
10.26%
$530,432
$497,255
-6.25%
57
65
14.04%
SFR
15
20
33.33%
$1,169,143
$1,561,366
33.55%
52
77
48.08%
CONDO
13
16
23.08%
$478,038
$492,813
3.09%
64
83
29.69%
TYPE BURBANK
AVERAGE SOLD PRICE
PARTNERS TRUST 2015 Q1 MARKET STATS REPORT | 23
24
| SAN GABRIEL VALLEY
SAN GABRIEL VALLEY
The rise of creative new businesses and technological entrepreneurship combined with the bustling nexus of Old Town continues to drive Pasadena real estate.
SINGLE-FAMILY HOME SALES ROSE AND THE AVERAGE
SOLD PRICE ROSE OVER 18% to cross the million mark at $1,034,425.
PASADENA
Pasadena & Adjacent Communities # SALES
ALTADENA
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
SFR
46
49
6.52%
$561,626
$613,942
9.32%
36
56
55.56%
CONDO
15
14
-6.67%
$408,773
$399,824
-2.19%
50
67
34.00%
SFR
78
83
6.41%
$639,319
$724,637
13.35%
49
65
32.65%
2
1
-50.00%
$234,000
$289,000
23.50%
39
34
-12.82%
SFR
182
192
5.49%
$871,250
$1,034,425
18.73%
51
64
25.49%
CONDO
95
84
-11.58%
$578,487
$641,911
10.96%
74
69
-6.76%
SFR
63
48
-23.81%
$714,962
$761,233
6.47%
56
48
-14.29%
5
1
-80.00%
$434,980
$342,000
-21.38%
62
24
-61.29%
SFR
26
22
-15.38%
$2,429,876
$2,952,404
21.50%
36
41
13.89%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
30
22
-26.67%
$978,685
$1,132,095
15.68%
44
42
-4.55%
9
8
-11.11%
$500,867
$579,250
15.65%
46
35
-23.91%
CONDO PASADENA
SAN GABRIEL
CONDO SAN MARINO
SOUTH PASADENA
SFR CONDO
2015 PFAR DATA
DAYS ON MARKET
Q1 2014
TYPE ALHAMBRA
AVERAGE SOLD PRICE
PARTNERS TRUST 2015 Q1 MARKET STATS REPORT | 27
Prices for single-family residences continue to rise in
LA CAĂ‘ADA FLINTRIDGE, THEY WERE UP 14% IN Q1 2015
and nearby communities including La Crescenta/ Montrose and Sunland/Tujunga also saw prices rise by a slightly smaller margin.
LA CAÑADA FLINTRIDGE
La Cañada Flintridge & Adjacent Communities # SALES
GLENDALE
LA CAÑADA FLINTRIDGE
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
SFR
5
10
100.00%
$542,357
$681,340
25.63%
55
69
25.45%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
SFR
101
115
13.86%
$790,077
$791,171
0.14%
48
54
12.50%
CONDO
61
55
-9.84%
$360,942
$390,133
8.09%
53
70
32.08%
SFR
52
34
-34.62%
$1,679,190
$1,920,497
14.37%
67
57
-14.93%
1
1
0.00%
$380,000
$485,000
27.63%
69
56
-18.84%
54
67
24.07%
$684,017
$742,125
8.50%
47
54
14.89%
CONDO
7
7
0.00%
$356,357
$399,093
11.99%
41
52
26.83%
SFR
81
85
4.94%
$444,870
$476,457
7.10%
56
52
-7.14%
CONDO
5
5
0.00%
$295,100
$287,700
-2.51%
44
91
106.82%
CONDO LA CRESCENTA/ MONTROSE/ SPARR HEIGHTS
SUNLAND / TUJUNGA
2015 PFAR DATA
DAYS ON MARKET
Q1 2014
TYPE ATWATER
AVERAGE SOLD PRICE
SFR
PARTNERS TRUST 2015 Q1 MARKET STATS REPORT | 29
Homes in the Northeast Los Angeles market continues to be highly sought after. Highland Park, Montecito Heights and
DOUBLE-DIGIT SALES INCREASED IN Q1 2015 WITH MOUNT WASHINGTON
Mount Washington all saw
PRICES RISING OVER 26%.
NORTHEAST LOS ANGELES Eagle Rock & Adjacent Communities # SALES
GLASSEL PARK
HIGHLAND PARK
MONTECITO HEIGHTS
MONTEREY HILLS
MT. WASHINGTON
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
SFR
41
35
-14.63%
$602,918
$700,120
16.12%
28
36
28.57%
CONDO
0
1
N/A
$0
$186,500
N/A
0
207
N/A
SFR
31
28
-9.68%
$542,113
$584,076
7.74%
44
49
11.36%
CONDO
0
1
N/A
$0
$668,847
N/A
0
2
N/A
SFR
53
59
11.32%
$521,563
$597,297
14.52%
52
55
5.77%
CONDO
5
4
-20.00%
$286,600
$279,500
-2.48%
52
20
-61.54%
SFR
7
9
28.57%
$511,232
$615,000
20.30%
23
36
56.52%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
SFR
6
11
83.33%
$355,817
$382,000
7.36%
27
83
207.41%
CONDO
15
20
33.33%
$336,667
$333,550
-0.93%
56
68
21.43%
SFR
30
31
3.33%
$550,746
$695,280
26.24%
57
79
38.60%
0
0
N/A
$0
$0
N/A
0
0
N/A
CONDO
2015 PFAR DATA
DAYS ON MARKET
Q1 2014
TYPE EAGLE ROCK
AVERAGE SOLD PRICE
PARTNERS TRUST 2015 Q1 MARKET STATS REPORT |
31
The East San Gabriel Valley has seen more price stabilization in many areas after a year of rapid gains.
MONTEREY PARK CONTINUES TO SEE GROWTH WITH SALES UP 16% AND AN 18% INCREASE IN AVERAGE SOLD PRICE.
EAST SAN GABRIEL VALLEY Arcadia & Adjacent Communities # SALES
AZUSA
BRADBURY
MONTEREY PARK
MONROVIA
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
SFR
110
81
-26.36%
$1,901,198
$1,553,933
-18.27%
53
69
30.19%
CONDO
22
22
0.00%
$564,267
$578,654
2.55%
53
63
18.87%
SFR
60
53
-11.67%
$386,553
$415,057
7.37%
42
75
78.57%
CONDO
22
29
31.82%
$246,742
$283,240
14.79%
50
50
0.00%
SFR
4
7
75.00%
$3,078,000
$1,513,697
-50.82%
119
46
-61.34%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
SFR
37
43
16.22%
$543,673
$642,342
18.15%
42
70
66.67%
CONDO
15
20
33.33%
$429,405
$403,983
-5.92%
34
56
64.71%
SFR
52
54
3.85%
$637,045
$633,252
-0.60%
48
55
14.58%
7
15
114.29%
$370,857
$402,333
8.49%
36
60
66.67%
24
23
-4.17%
$985,320
$988,596
0.33%
56
41
-26.79%
1
3
200.00%
$375,500
$532,500
41.81%
72
60
-16.67%
CONDO SIERRA MADRE
SFR CONDO
2015 PFAR DATA
DAYS ON MARKET
Q1 2014
TYPE ARCADIA
AVERAGE SOLD PRICE
PARTNERS TRUST 2015 Q1 MARKET STATS REPORT | 33
34
| SOUTH BAY
SOUTH BAY
THE SOUTH BAY CONTINUES TO SEE MORE ACTIVITY FROM WESTSIDE BUYERS. Prices in Manhattan Beach
have stabilized while prices in other areas including El Segundo and Torrance are seeing increases.
SOUTH BAY
Manhattan Beach & Adjacent Communities # SALES
HERMOSA BEACH
HAWTHORNE
MANHATTAN BEACH
PALOS VERDES ESTATES
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
Q1 2014
Q1 2015
% CHANGE
SFR
12
18
50.00%
$812,958
$973,522
19.75%
48
52
8.33%
CONDO
2
6
200.00%
$380,000
$456,917
20.24%
23
96
317.39%
SFR
18
27
50.00%
$1,369,250
$2,444,020
78.49%
31
62
100.00%
CONDO
5
4
-20.00%
$577,500
$826,500
43.12%
17
56
229.41%
SFR
56
45
-19.64%
$469,920
$487,850
3.82%
47
46
-2.13%
CONDO
11
6
-45.45%
$451,634
$552,192
22.27%
57
22
-61.40%
SFR
57
49
-14.04%
$2,351,596
$2,288,900
-2.67%
46
44
-4.35%
CONDO
3
1
-66.67%
$654,167
$1,150,000
75.80%
106
143
34.91%
34
34
0.00%
$1,998,394
$2,377,861
18.99%
85
102
20.00%
1
3
200.00%
$615,000
$654,000
6.34%
473
91
-80.76%
SFR
12
14
16.67%
$1,298,900
$1,718,571
32.31%
64
78
21.88%
CONDO
29
23
-20.69%
$470,853
$500,391
6.27%
68
46
-32.35%
SFR
1
5
400.00%
$1,134,995
$1,765,980
55.59%
33
29
-12.12%
CONDO
17
29
70.59%
$665,465
$846,456
27.20%
55
57
3.64%
SFR
70
73
4.29%
$1,432,919
$1,197,635
-16.42%
77
67
-12.99%
7
10
42.86%
$449,643
$506,750
12.70%
122
57
-53.28%
SFR
76
69
-9.21%
$920,175
$1,140,998
24.00%
43
57
32.56%
CONDO
28
23
-17.86%
$481,839
$527,109
9.40%
66
64
-3.03%
SFR
9
11
22.22%
$1,183,192
$1,579,818
33.52%
123
95
-22.76%
CONDO
4
1
-75.00%
$284,000
$280,000
-1.41%
97
26
-73.20%
SFR
167
148
-11.38%
$637,322
$682,784
7.13%
51
50
-1.96%
CONDO
52
47
-9.62%
$338,906
$359,415
6.05%
39
56
43.59%
SFR
CONDO PLAYA DEL REY
PLAYA VISTA
RANCHO PALOS VERDES
CONDO REDONDO BEACH
ROLLING HILLS ESTATE
TORRANCE
2015 CRMLS DATA
DAYS ON MARKET
Q1 2014
TYPE EL SEGUNDO
AVERAGE SOLD PRICE
PARTNERS TRUST 2015 Q1 MARKET STATS REPORT | 37
T HE PA RTN E R STR UST.COM Beverly Hills | Brentwood | La Ca単ada Flintridge | Malibu | Malibu Country Mart | Manhattan Beach | Ocean Park | Pasadena | Santa Monica | Shanghai