Q3 2015
MARKET STATS REAL ESTATE REPORT
Q3 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 How strong is our national economy? This seems to be a question that many of the great economic minds of our time are struggling to answer. The data is murky and the Fed continues to debate the question of whether or not it’s time to finally raise interest rates. September’s numbers for retail sales sparked fears of deflation and many are predicting that the third quarter GDP numbers will come in below the second quarter’s 3.9% rate of growth. Continued worries over a stalled economy in China and global instability are weighing on many. The stock market’s fluctuation has been dramatic in recent months although it’s important to note that in most instances the big dips have been met by wide swings back toward equilibrium. However, unemployment continues to trend down and the economy while perhaps a bit stalled, is not in a downturn. The forecasters at the Los Angeles County Development Corporation are bullish about the future for California saying the state’s economic growth will continue to outpace the country’s growth as California’s job gains continue. According to the recent UCLA Anderson forecast, California’s unemployment rate could fall to 4.8% by 2017, a number that would put it inline with the rest of the country. Wage growth has been an ongoing concern but a lower unemployment rate could help change that picture.
prices for single-family residences, up 13.58% in the former and 7.82% on the latter. Central L.A. prices are still moving up—Hollywood, Los Feliz, and Silver Lake-Echo Park all saw prices on the move. Sales in the San Fernando Valley have been up by a decent margin all year long and that trend continued in the third quarter. Standouts include Westlake Village which saw a 37.26% increase in sales paired with a 24.38% rise in prices and a -7.14% drop in days on market. Pasadena and surrounding areas have seen stabilization, both in prices and in sales while South Pasadena remains a standout with sales up 36.36% and prices up 26.11% to an average sold price of $1,533,535. Nearby Northeast Los Angeles continues to attract those in search of opportunities. In Eagle Rock, sales increased 10.34% and prices rose 6.11% to an average sold price of $744,839. La Cañada Flintridge has seen both prices climb by 14.58% with an average sold price of $1,785,711. 2015 marked our entry into Manhattan Beach and we continue to monitor ongoing price escalation in the city where prices rose 15.55% to an average of $2,673,253. From El Segundo to Torrance, the South Bay offers plenty of opportunity.
A Varied Market
Looking Forward
The Los Angeles housing market continues to be robust although in many places on the Westside homes are staying on the market longer. Sales are still strong but the latter half of the summer saw a cooling trend with days on market lengthening. Some areas such as Santa Monica, Beverly Hills, and Pacific Palisades saw prices continue to rise by double-digit rates while other areas have seen stabilization and drops in the average sold price. Newly hot Westchester saw the average sold price rise 12.72% to crest the $1 million mark. Culver City continues to see large price increases and NFL speculation appears to be part of the picture driving price increases in Inglewood.
Interest rates have to increase at some point and it seems that if it doesn’t happen by the end of the year, the Fed will likely take action early in 2016. However it is expected that any changes will be modest and incremental and mortgage interest rates are predicted to remain below normal levels. Home prices are predicted to rise in California but by an increasingly smaller amount, slowing the affordability issues that have hit so many local markets.
Moving along Wilshire Blvd., both the Miracle Mile area and Hancock Park showed increased
2015 MLS/CLAW/PFAR/CRMLS DATA™
This report is just a glimpse of all that is happening in the areas we serve. Every property and situation is individual. For a detailed analysis of your neighborhood and your property, please schedule an appointment to review the latest data
PARTNERS TRUST 2015 Q3 MARKET STATS REPORT |
3
4
| LOS ANGELES & WESTSIDE
LOS ANGELES & WESTSIDE
In most coastal areas sales fell in the past quarter while prices continued to rise
in many areas. In Santa Monica, single-family
residence sales were down -14.10% year over year while
PRICES ROSE OVER 25% TO OVER $2.8 MILLION and days on market dropped by over 33%.
COASTAL COMMUNITIES Santa Monica & Adjacent Communities # SALES
MALIBU
MALIBU BEACH
PACIFIC PALISADES
SANTA MONICA
TOPANGA
AVERAGE SOLD PRICE
TYPE
Q3 2014
Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
SFR
50
39
-22.00%
$3,500,204
$2,954,834
-15.58%
140
92
-34.29%
CONDO
13
17
30.77%
$855,154
$857,088
0.23%
71
89
25.35%
SFR
15
13
-13.33%
$9,315,613
$7,132,885
-23.43%
149
136
-8.72%
CONDO
5
8
60.00%
$1,103,540
$1,428,438
29.44%
112
133
18.75%
SFR
94
72
-23.40%
$3,393,757
$3,757,602
10.72%
67
59
-11.94%
CONDO
23
24
4.35%
$862,554
$1,047,052
21.39%
59
38
-35.59%
SFR
78
67
-14.10%
$2,249,794
$2,827,612
25.68%
57
38
-33.33%
CONDO
138
133
-3.62%
$1,278,349
$1,200,156
-6.12%
53
54
1.89%
SFR
25
26
4.00%
$1,144,116
$1,155,442
0.99%
126
100
-20.63%
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
Q3 2014
Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
SFR
8
14
75.00%
$1,668,688
$1,761,000
5.53%
70
31
-55.71%
CONDO
92
80
-13.04%
$864,364
$946,793
9.54%
82
72
-12.20%
SFR
95
106
11.58%
$1,095,745
$1,346,132
22.85%
46
49
6.52%
CONDO
38
39
2.63%
$574,179
$528,682
-7.92%
51
62
21.57%
SFR
48
47
-2.08%
$1,790,248
$1,909,281
6.65%
53
63
18.87%
CONDO
10
10
0.00%
$1,202,700
$1,468,500
22.10%
65
73
12.31%
104
104
0.00%
$892,010
$1,006,115
12.79%
45
31
-31.11%
12
16
33.33%
$362,742
$506,063
39.51%
93
57
-38.71%
SFR CONDO
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q3 MARKET STATS REPORT |
7
PRICES IN DESIRABLE BEVERLY HILLS CONTINUE TO RISE, up by nearly 35% to an average sold price of $6.6 million for single-family residences. The Beverly Hills Post Office
area saw sales rise over 19% as prices rose
over 16% to an average sold price of $4.1 million for single-family residences.
THE HILLS
Beverly Hills & Adjacent Communities # SALES Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
33
43
30.30%
$3,378,767
$2,532,952
-25.03%
68
64
-5.88%
1
4
300.00%
$550,000
$661,375
20.25%
57
69
21.05%
SFR
40
39
-2.50%
$4,958,723
$6,675,244
34.62%
63
90
42.86%
CONDO
33
34
3.03%
$1,438,013
$1,417,953
-1.39%
74
66
-10.81%
SFR
36
43
19.44%
$3,571,837
$4,158,243
16.42%
69
84
21.74%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
SFR
CONDO BEVERLY HILLS
BEVERLY HILLS P.O.
DAYS ON MARKET
Q3 2014
TYPE BEL AIR HOLMBY HILLS
AVERAGE SOLD PRICE
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q3 MARKET STATS REPORT |
9
Beverlywood maintains its cachet with prices up over 30% to nearly an
AVERAGE SOLD PRICE OF $1.4 MILLION for single-family residences while sales remained level. Condo prices in Beverlywood were up nearly 18%.
WESTSIDE
Beverlywood & Adjacent Communities # SALES
BRENTWOOD
CHEVIOT HILLS RANCHO PARK
WESTWOOD CENTURY CITY
DAYS ON MARKET
Q3 2014
Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
SFR
60
60
0.00%
$1,067,217
$1,396,426
30.85%
56
29
-48.21%
CONDO
17
15
-11.76%
$572,162
$674,567
17.90%
50
37
-26.00%
SFR
64
56
-12.50%
$3,686,464
$3,458,812
-6.18%
78
74
-5.13%
CONDO
71
63
-11.27%
$784,153
$768,943
-1.94%
48
48
0.00%
SFR
20
25
25.00%
$1,672,690
$2,049,427
22.52%
37
39
5.41%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
SFR
61
52
-14.75%
$2,174,204
$2,135,088
-1.80%
42
36
-14.29%
158
168
6.33%
$1,155,702
$1,061,028
-8.19%
74
62
-16.22%
TYPE BEVERLYWOOD
AVERAGE SALES PRICE
CONDO
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q3 MARKET STATS REPORT |
11
Sales of condos in the Sunset Strip-Hollywood Hills West area rose 20% while PRICES WERE UP NEARLY 14%. In West Hollywood, where condo volume is higher, sales were up 4% and prices rose 15%.
HOLLYWOOD HILLS & MIDCITY Hollywood Hills & Adjacent Communities # SALES Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
40
44
10.00%
$1,223,128
$1,330,704
8.80%
80
67
-16.25%
11
7
-36.36%
$448,318
$502,786
12.15%
42
47
11.90%
SFR
119
120
0.84%
$2,314,078
$2,061,011
-10.94%
78
66
-15.38%
CONDO
25
30
20.00%
$541,700
$615,450
13.61%
61
45
-26.23%
SFR
33
30
-9.09%
$1,241,036
$1,471,224
18.55%
39
49
25.64%
CONDO
100
104
4.00%
$654,499
$753,397
15.11%
55
57
3.64%
HOLLYWOOD HILLS SFR EAST CONDO
WEST HOLLYWOOD
# SALES
HANCOCK PARK WILSHIRE
AVERAGE SOLD PRICE
DAYS ON MARKET
Q3 2014
Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
SFR
59
45
-23.73%
$1,593,543
$1,810,014
13.58%
39
48
23.08%
CONDO
33
37
12.12%
$638,737
$764,727
19.72%
80
43
-46.25%
SFR
80
59
-26.25%
$1,717,256
$1,851,479
7.82%
63
52
-17.46%
CONDO
39
52
33.33%
$552,143
$597,308
8.18%
63
68
7.94%
TYPE BEVERLY CENTER MIRACLE MILE
DAYS ON MARKET
Q3 2014
TYPE
SUNSET STRIP HOLLYWOOD HILLS WEST
AVERAGE SOLD PRICE
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q3 MARKET STATS REPORT |
13
Home shoppers can’t get enough of Culver
City. Sales of single-family residences were boosted by 46% in the third quarter as PRICES
CLIMBED BY OVER 25%. Condo prices rose in the area by nearly 7%.
WESTSIDE / SOUTH
Culver City & Adjacent Communities # SALES
INGLEWOOD
LADERA HEIGHTS
PARK HILLS HEIGHTS
DAYS ON MARKET
Q3 2014
Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
SFR
52
76
46.15%
$877,498
$1,102,056
25.59%
37
39
5.41%
CONDO
75
64
-14.67%
$464,243
$495,850
6.81%
46
34
-26.09%
SFR
63
56
-11.11%
$360,959
$437,427
21.18%
43
49
13.95%
CONDO
39
27
-30.77%
$192,285
$263,844
37.22%
65
57
-12.31%
SFR
7
13
85.71%
$1,042,000
$1,012,219
-2.86%
81
38
-53.09%
CONDO
0
1
N/A
$0
$435,000
N/A
0
9
N/A
SFR
115
110
-4.35%
$466,411
$538,322
15.42%
45
57
26.67%
CONDO
20
24
20.00%
$289,068
$366,704
26.86%
47
40
-14.89%
TYPE CULVER CITY
AVERAGE SOLD PRICE
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q3 MARKET STATS REPORT |
15
The perennially hip area of Silver Lake-
Echo Park saw a sales increase of nearly 18% while prices stabilized, up just around 3% for an average sold price of $866,868. CONDO
ROSE OVER 20% to $688,603.
PRICES
METRO LOS ANGELES
Downtown Los Angeles & Adjacent Communities # SALES
HOLLYWOOD
LOS FELIZ
SILVER LAKE ECHO PARK
DAYS ON MARKET
Q3 2014
Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
SFR
23
33
43.48%
$281,639
$544,299
93.26%
57
52
-8.77%
CONDO
122
116
-4.92%
$613,379
$624,637
1.84%
66
59
-10.61%
SFR
25
28
12.00%
$806,429
$917,796
13.81%
80
89
11.25%
CONDO
31
29
-6.45%
$735,255
$919,883
25.11%
79
68
-13.92%
SFR
70
68
-2.86%
$1,446,690
$1,691,288
16.91%
49
50
2.04%
CONDO
7
7
0.00%
$507,571
$488,714
-3.72%
36
31
-13.89%
SFR
73
86
17.81%
$840,290
$866,868
3.16%
42
40
-4.76%
CONDO
12
18
50.00%
$556,662
$668,603
20.11%
34
35
2.94%
TYPE DOWNTOWN L.A.
AVERAGE SOLD PRICE
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q3 MARKET STATS REPORT |
17
18
| SAN FERNANDO VALLEY
SAN FERNANDO VALLEY
ENCINO CONTINUES TO BE A DRAW IN THE SAN FERNANDO VALLEY. Sales
of single-family residences rose over 25% while prices remained relatively stable rising just 2% to over $1.353 million. Condo sales increased by over 28%.
SAN FERNANDO VALLEY WEST OF 405 Agoura & Adjacent Communities # SALES
CALABASAS
CHATSWORTH
ENCINO
HIDDEN HILLS
Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
SFR
93
106
13.98%
$857,825
$1,020,987
19.02%
70
71
1.43%
CONDO
51
50
-1.96%
$378,629
$411,604
8.71%
64
63
-1.56%
SFR
66
83
25.76%
$1,549,652
$1,446,651
-6.65%
92
81
-11.96%
CONDO
23
26
13.04%
$470,457
$477,788
1.56%
45
52
15.56%
SFR
81
79
-2.47%
$629,191
$702,053
11.58%
74
78
5.41%
CONDO
51
37
-27.45%
$321,572
$366,101
13.85%
72
60
-16.67%
SFR
107
134
25.23%
$1,327,444
$1,353,989
2.00%
67
55
-17.91%
CONDO
53
68
28.30%
$327,235
$357,409
9.22%
70
60
-14.29%
SFR
7
5
-28.57%
$2,663,286
$3,414,400
28.20%
85
119
40.00%
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
Q3 2014
Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
SFR
221
264
19.46%
$637,163
$673,694
5.73%
61
56
-8.20%
CONDO
50
53
6.00%
$388,765
$414,882
6.72%
55
62
12.73%
SFR
65
78
20.00%
$1,089,106
$1,008,036
-7.44%
65
76
16.92%
CONDO
50
52
4.00%
$311,422
$319,179
2.49%
58
60
3.45%
SFR
91
125
37.36%
$1,179,771
$1,467,342
24.38%
84
78
-7.14%
CONDO
58
65
12.07%
$615,057
$605,806
-1.50%
62
55
-11.29%
SFR
163
223
36.81%
$773,613
$782,503
1.15%
70
62
-11.43%
CONDO
50
66
32.00%
$372,084
$376,675
1.23%
56
44
-21.43%
TYPE NORTHRIDGE
DAYS ON MARKET
Q3 2014
TYPE AGOURA
AVERAGE SOLD PRICE
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q3 MARKET STATS REPORT |
21
Stabilizing prices in Studio City sent sales of single-family residences up by 25.88%. Sherman Oaks saw single-family residence sales up by over 8% while PRICES REMAINED ABOVE
THE $1 MILLION MARK, lifting 5.35% to $1,095,406.
SAN FERNANDO VALLEY EAST OF 405 Sherman Oaks & Adjacent Communities # SALES
SHERMAN OAKS
STUDIO CITY
TOLUCA LAKE
DAYS ON MARKET
Q3 2014
Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
SFR
164
170
3.66%
$724,344
$739,114
2.04%
45
50
11.11%
CONDO
47
70
48.94%
$414,265
$472,091
13.96%
46
53
15.22%
SFR
173
188
8.67%
$1,039,816
$1,095,406
5.35%
59
52
-11.86%
CONDO
79
119
50.63%
$433,619
$464,200
7.05%
52
50
-3.85%
SFR
85
107
25.88%
$1,530,552
$1,536,511
0.39%
62
54
-12.90%
CONDO
48
61
27.08%
$509,109
$545,901
7.23%
63
57
-9.52%
SFR
18
26
44.44%
$962,554
$1,290,187
34.04%
52
65
25.00%
CONDO
11
24
118.18%
$448,318
$488,666
9.00%
101
54
-46.53%
TYPE BURBANK
AVERAGE SOLD PRICE
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q3 MARKET STATS REPORT | 23
24
| SAN GABRIEL VALLEY
SAN GABRIEL VALLEY
PRICES HAVE STABILIZED IN PASADENA AND SALES HAVE ALSO REMAINED LEVEL, providing an even playing
field as the average single-family home price dipped slightly to $1,042,631. South Pasadena saw sales rise 36.36% while prices rose 26.11%.
PASADENA
Pasadena & Adjacent Communities # SALES
ALTADENA
Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
SFR
65
70
7.69%
$540,273
$690,943
27.89%
34
38
11.76%
CONDO
24
39
62.50%
$431,908
$422,286
-2.23%
43
51
18.60%
SFR
103
111
7.77%
$668,651
$785,374
17.46%
43
49
13.95%
0
1
N/A
$0
$299,500
N/A
0
24
N/A
SFR
278
278
0.00%
$1,045,342
$1,042,631
-0.26%
45
51
13.33%
CONDO
136
132
-2.94%
$579,817
$578,022
-0.31%
54
63
16.67%
SFR
78
89
14.10%
$740,699
$773,393
4.41%
29
49
68.97%
CONDO
6
8
33.33%
$357,333
$467,174
30.74%
37
54
45.95%
SFR
37
28
-24.32%
$3,020,936
$2,609,893
-13.61%
29
56
93.10%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
SFR
33
45
36.36%
$1,215,994
$1,533,535
26.11%
24
33
37.50%
CONDO
9
16
77.78%
$529,167
$543,125
2.64%
30
53
76.67%
CONDO PASADENA
SAN GABRIEL
SAN MARINO
SOUTH PASADENA
DAYS ON MARKET
Q3 2014
TYPE ALHAMBRA
AVERAGE SOLD PRICE
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q3 MARKET STATS REPORT | 27
La Ca単ada Flintridge continues to be one of the most desirable communities AS PRICES ROSE
14.58% and sales dipped slightly.
In Glendale, sales spiked by 14.77% and the average sold price was up 7.14% to $895,880.
LA CAÑADA FLINTRIDGE
La Cañada Flintridge & Adjacent Communities # SALES
GLENDALE
LA CAÑADA FLINTRIDGE
LA CRESCENTA/ MONTROSE/ SPARR HEIGHTS
Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
SFR
15
13
-13.33%
$707,867
$748,846
5.79%
36
76
111.11%
CONDO
0
1
N/A
$0
$409,000
N/A
0
10
N/A
SFR
149
171
14.77%
$836,193
$895,880
7.14%
46
44
-4.35%
CONDO
83
74
-10.84%
$358,941
$386,853
7.78%
34
45
32.35%
SFR
78
76
-2.56%
$1,558,523
$1,785,771
14.58%
41
48
17.07%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
119
119
0.00%
$766,776
$795,116
3.70%
43
44
2.33%
4
13
225.00%
$371,188
$478,423
28.89%
18
54
200.00%
108
121
12.04%
$491,636
$520,468
5.86%
46
47
2.17%
6
5
-16.67%
$332,167
$349,600
5.25%
58
38
-34.48%
SFR
CONDO SUNLAND / TUJUNGA
DAYS ON MARKET
Q3 2014
TYPE ATWATER
AVERAGE SOLD PRICE
SFR
CONDO
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q3 MARKET STATS REPORT | 29
PRICES IN NORTHEAST LOS ANGELES ARE STILL ON RISE. Eagle Rock saw prices for single-family homes rise by 6.11% to $744,839 and sales were up by 10.34%. Mount Washington saw a
19.44% increase in average sold prices to
$790,963.
NORTHEAST LOS ANGELES Eagle Rock & Adjacent Communities # SALES Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
58
64
10.34%
$701,967
$744,839
6.11%
38
42
10.53%
1
0
N/A
$185,000
$0
N/A
23
0
N/A
34
35
2.94%
$578,885
$644,046
11.26%
27
39
44.44%
2
2
N/A
$179,250
$420,153
N/A
22
20
N/A
100
99
-1.00%
$557,848
$625,668
12.16%
30
40
33.33%
CONDO
6
7
16.67%
$239,000
$279,000
16.74%
34
39
14.71%
SFR
16
9
-43.75%
$536,231
$661,833
23.42%
39
49
25.64%
CONDO
1
0
N/A
$460,000
$0
N/A
13
0
N/A
SFR
3
9
200.00%
$470,000
$514,111
9.39%
21
101
380.95%
CONDO
16
28
75.00%
$361,674
$374,448
3.53%
55
46
-16.36%
SFR
38
39
2.63%
$662,199
$790,963
19.44%
32
52
62.50%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
SFR CONDO
GLASSEL PARK
SFR CONDO
HIGHLAND PARK
MONTECITO HEIGHTS
MONTEREY HILLS
MT. WASHINGTON
DAYS ON MARKET
Q3 2014
TYPE EAGLE ROCK
AVERAGE SOLD PRICE
SFR
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q3 MARKET STATS REPORT |
31
Stabilized prices in Arcadia helped lead to a 7.08% increase in sales. SIERRA MADRE CRESTED THE $1 MILLION BENCHMARK in average sold price, up
18.31% to $1,068,886.
EAST SAN GABRIEL VALLEY Arcadia & Adjacent Communities # SALES
AZUSA
BRADBURY
MONROVIA
MONTEREY PARK
SIERRA MADRE
DAYS ON MARKET
Q3 2014
Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
SFR
113
121
7.08%
$1,685,379
$1,681,821
-0.21%
34
60
76.47%
CONDO
18
18
0.00%
$564,376
$596,825
5.75%
19
51
168.42%
SFR
73
83
13.70%
$404,417
$470,583
16.36%
41
64
56.10%
CONDO
28
37
32.14%
$274,632
$295,067
7.44%
20
59
195.00%
SFR
3
3
0.00%
$1,667,667
$2,109,333
26.48%
15
107
613.33%
CONDO
0
0
N/A
$0
$0
N/A
0
0
N/A
SFR
82
81
-1.22%
$679,817
$695,766
2.35%
40
53
32.50%
CONDO
10
11
10.00%
$402,010
$397,182
-1.20%
18
45
150.00%
SFR
64
75
17.19%
$624,837
$588,931
-5.75%
33
46
39.39%
CONDO
22
26
18.18%
$456,968
$448,970
-1.75%
46
67
45.65%
SFR
40
32
-20.00%
$903,471
$1,068,886
18.31%
36
46
27.78%
3
2
-33.33%
$465,333
$448,675
-3.58%
32
56
75.00%
TYPE ARCADIA
AVERAGE SOLD PRICE
CONDO
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q3 MARKET STATS REPORT | 33
34
| SOUTH BAY
SOUTH BAY
The South Bay story is one of increasing prices as many people discover
the charms of the area. MANHATTAN BEACH SINGLE-FAMILY RESIDENCE PRICES ROSE 15.55% year over year to an
average of $2,673,253 while sales were up 2.47%.
SOUTH BAY
Manhattan Beach & Adjacent Communities # SALES
HERMOSA BEACH
HAWTHORNE
MANHATTAN BEACH
Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
Q3 2014
Q3 2015
% CHANGE
20
21
5.00%
$1,063,000
$1,195,631
12.48%
46
36
-21.74%
CONDO
8
2
-75.00%
$424,688
$456,500
7.49%
62
13
-79.03%
SFR
27
28
3.70%
$1,899,352
$2,441,696
28.55%
59
50
-15.25%
CONDO
9
11
22.22%
$495,778
$718,864
45.00%
70
71
1.43%
SFR
75
72
-4.00%
$522,808
$488,967
-6.47%
38
48
26.32%
CONDO
13
10
-23.08%
$431,076
$551,490
27.93%
60
23
-61.67%
SFR
81
83
2.47%
$2,313,527
$2,673,253
15.55%
46
46
0.00%
1
3
200.00%
$1,199,000
$938,333
-21.74%
36
80
122.22%
SFR
55
52
-5.45%
$2,417,510
$2,258,723
-6.57%
60
50
-16.67%
CONDO
0
1
N/A
$0
$510,000
N/A
0
60
N/A
SFR
12
9
-25.00%
$1,311,667
$1,737,889
32.49%
38
75
97.37%
CONDO
39
33
-15.38%
$485,020
$584,969
20.61%
61
40
-34.43%
SFR
4
6
50.00%
$1,189,750
$1,647,167
38.45%
55
90
63.64%
CONDO
32
20
-37.50%
$742,938
$813,900
9.55%
54
44
-18.52%
SFR
118
104
-11.86%
$1,339,622
$1,495,098
11.61%
65
76
16.92%
9
14
55.56%
$605,389
$483,357
-20.16%
58
166
186.21%
SFR
102
110
7.84%
$1,085,551
$1,129,750
4.07%
40
42
5.00%
CONDO
38
48
26.32%
$555,808
$640,437
15.23%
62
49
-20.97%
SFR
30
28
-6.67%
$1,483,060
$1,629,474
9.87%
61
52
-14.75%
7
4
-42.86%
$392,714
$281,250
-28.38%
84
45
-46.43%
SFR
236
245
3.81%
$666,285
$706,941
6.10%
47
40
-14.89%
CONDO
65
62
-4.62%
$348,570
$372,912
6.98%
65
60
-7.69%
SFR
CONDO PALOS VERDES ESTATES
PLAYA DEL REY
PLAYA VISTA
RANCHO PALOS VERDES
CONDO REDONDO BEACH
ROLLING HILLS ESTATE
CONDO TORRANCE
DAYS ON MARKET
Q3 2014
TYPE EL SEGUNDO
AVERAGE SOLD PRICE
2015 MLS/CLAW/PFAR/CRMLS DATA™
PARTNERS TRUST 2015 Q3 MARKET STATS REPORT | 37
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