In this report, you will find detailed sales figures and trends within each major region of Los Angeles. This quarter, average home sale price for the Los Angeles market increased 7.4% over last year. Notable neighborhood increases include Malibu Beach where single family residence sales averaged $7,940,556, climbing 43 percent; El Segundo where single family residence sales averaged $1,359,426, up 30.81 percent and condos increased 43.53 percent; Manhattan Beach where condo sales averaged $1,453,750, up 35.3 percent over last year and Highland Park where single family residence sales averaged $663,972, up 11.14 percent.
For Partners Trust, this quarter was marked by colossal milestones in sales amongst our team. We closed June sales at $318,205,953, a 48% increase over last June. Combined, Q1 and Q2, closed a $1,074,215,420, a 19% increase from last year.