Single Family Overview

Sales volume in the market for single family homes within Compass’ area of coverage increased significantly during the second quarter, with 1,093 transactions on the book, the highest number ever recorded in any quarters. For perspective, that’s a 21.9% increase over Q2 of last year, and 54.4% ahead of the first quarter of 2017. What’s more, the largest increases are attributed to the toniest of neighborhoods, including Bel Air-Holmby Hills, Beverly Hills, and Brentwood. Average sale price in our universe of coverage increased a 6.9% YoY to $3.08M, as housing in LA continues to trade at its peak values. Values across LA continued to rise, average PPSF being the only true equalizing metric for such a broad range of neighborhoods and inventory, increasing 3.9% YoY to $940/SF