Q1 2015 PARTNERS TRUST REAL ESTATE MARKET REPORT

Page 1

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


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