Teles intelligence
micro market report los angeles APril 2012 | SINGLE FAMILY HOMES REPORT
April 2012
Market Trends Act As Strategic Tail Winds Pushing Market Upwards
Our research team recently published a Q1 Report on the market trends that point to the relative strategic timing to sell a home since the market downturn in late 2007/early 2008. The three major trends that we discussed were:
1. Supply Compression: A major decline in homes on market available for sale 2. Demand Expansion: Increase in buyer demand to buy homes 3. Interest Rates Environment: All-time low interest rates
The data tells us that without question, that now is the best time to sell a home since the recent market crisis of 2007/2008. How can we further analyze this? Broad market indicators are good sign posts, especially when several key indicators are pointing in a similar direction. The next step in the process is attached in our micro market analysis. With the macro market indicators acting as tail winds, it is time to analyze the landscape in your micro market environment.
We encourage you to review the Q1 Research Report on market trends and this issue of the micro market report, and if you are thinking of buying or selling a home to contact your real estate professional to discuss the trends in your market.
All the Best!
S harr an S ri vats aa
Purchase Beautifully. At Riviera Financial, the business of real estate finance is about much more than loans. It is about offering diverse and competitive products; advising borrowers to make informed choices to support and protect their security; and providing extraordinarily thorough customer care. Our customers expect and deserve the highest level of service and performance in all of their borrowing activities. When it comes to dedicated, comprehensive real estate finance, Riviera Financial helps you purchase beautifully.
Get the full lending experience at rivierafinancial.com or contact a loan professional by calling 424.203.1850
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
Median Price:
Days of market (Pending Sale):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
Month’s Supply of Inventory:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
Average Price per Square Foot:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
Percent Under Contract:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
Properties Sold:
The number of property transactions
Average Median Price for Last 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
Properties Pending Sale:
ending in the identified month
The number of properties that entered escrow in preparation for sale.
Shadow Inventory:
Properties in Pre-Foreclosure, Bank Properties For Sale:
Owned or Auction as identified by
The number of properties on the
ForeclosureRadar.com
market and seeking buyers.
los angeles
orange
san gab
Los Angeles Macro Market
Brentwood
Los Feliz
Bel Air - Holmby Hills
Cheviot Hills - Rancho Park
Malibu
Beverly Center - Miracle Mile
Culver City
Malibu Beach
Beverly Hills
Hancock Park - Wilshire
Marina del Rey
Beverly Hills P.O.
Hollywood
Mid Los Angeles
Beverlywood
Hollywood Hills East
Mid Wilshire
Micro Market Report : April 2012
telesintelligence.com
e county
san fernando
briel
south bay Pacific Palisades
Venice
Palms - Mar Vista
West Hollywood
Playa del Rey
West Los Angeles
Playa Vista
Westchester
Santa Monica
Westwood - Century City
Sunset Strip - Hollywood Hills West
April 2012 : Micro Market Report
Los Angeles Macro Market DATA *
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$1,316,889
$1,431,844
8.7%
Average Price per Square Foot ...........................
$538
$603
12.1%
Properties Sold .......................................................
335
344
2.7%
Properties Pending Sale .......................................
310
399
28.7%
Properties For Sale ................................................
3153
2372
-24.8%
Days on Market (Pending Sale) ...........................
65
52
-20.1%
Month’s Supply of Inventory ................................
9.4
6.9
-26.7%
Percent Under Contract ........................................
9.8%
16.8%
71.1%
Average Median Price for Last 12 Months ........
$1,295,786
$1,326,222
2.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$1.432
$1.317
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2012
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
Bel Air - Holmby Hil s DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$2,686,194
$1,060,000
-60.5%
Average Price per Square Foot ...........................
$533
$946
77.5%
Properties Sold .......................................................
14
15
7.1%
Properties Pending Sale .......................................
17
12
-29.4%
Properties For Sale ................................................
179
117
-34.6%
Days on Market (Pending Sale) ...........................
83
76
-8.4%
Month’s Supply of Inventory ................................
12.8
7.8
-39.0%
Percent Under Contract ........................................
9.5%
10.3%
8.0%
Average Median Price for Last 12 Months ........
$1,630,000
$1,763,491
7.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.060
APR
MAY
JUN
JUL
Micro Market Report : April 2012
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
M E D I A N
S A L E S
$2.686
(in hundred thousands)
P R I C E
yearly trend
telesintelligence.com
the numbers median sales price**
$1,763,491
PROPERTIES FOR SALE
117
DAYS ON MARKET**
88
shadow inventory
31
(90077 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Beverly Center - Miracle Mile DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$980,000
$821,500
-16.2%
Average Price per Square Foot ...........................
$498
$414
-16.9%
Properties Sold .......................................................
15
18
20.0%
Properties Pending Sale .......................................
11
15
36.4%
Properties For Sale ................................................
104
69
-33.7%
Days on Market (Pending Sale) ...........................
66
56
-15.2%
Month’s Supply of Inventory ................................
6.9
3.8
-44.7%
Percent Under Contract ........................................
10.6%
21.7%
105.5%
Average Median Price for Last 12 Months ........
$944,000
$915,904
-3.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$822
S A L E S
$980
(in hundred thousands)
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2012
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$915,904
PROPERTIES FOR SALE
69
DAYS ON MARKET**
48
SHADOW INVENTORY
22
(90048 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Beverly Hil s DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$3,450,000
$4,675,000
35.5%
Average Price per Square Foot ...........................
$1,015
$904
-10.9%
Properties Sold .......................................................
15
11
-26.7%
Properties Pending Sale .......................................
13
11
-15.4%
Properties For Sale ................................................
154
131
-14.9%
Days on Market (Pending Sale) ...........................
84
47
-44.0%
Month’s Supply of Inventory ................................
10.3
11.9
16.0%
Percent Under Contract ........................................
8.4%
8.4%
-0.5%
Average Median Price for Last 12 Months ........
$2,910,000
$3,353,269
13.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S M E D I A N
$3.450
(in hundred thousands)
$4.675
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2012
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$3,353,269
PROPERTIES FOR SALE
131
DAYS ON MARKET**
90
SHADOW INVENTORY
77
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Beverly Hil s P.O. DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$3,350,000
$2,050,000
-38.8%
Average Price per Square Foot ...........................
$761
$650
-14.6%
Properties Sold .......................................................
11
17
54.5%
Properties Pending Sale .......................................
8
20
150.0%
Properties For Sale ................................................
182
134
-26.4%
Days on Market (Pending Sale) ...........................
117
66
-43.6%
Month’s Supply of Inventory ................................
16.5
7.9
-52.4%
Percent Under Contract ........................................
4.4%
14.9%
239.6%
Average Median Price for Last 12 Months ........
$1,953,000
$2,078,750
6.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$2.050
S A L E S
$3.350
(in hundred thousands)
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2012
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$2,078,750
PROPERTIES FOR SALE
134
DAYS ON MARKET**
97
Shadow inventory
63
(90210 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Beverlywood DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$799,000
$904,375
13.2%
Average Price per Square Foot ...........................
$480
$474
-1.3%
Properties Sold .......................................................
9
12
33.3%
Properties Pending Sale .......................................
21
10
-52.4%
Properties For Sale ................................................
86
53
-38.4%
Days on Market (Pending Sale) ...........................
47
60
27.7%
Month’s Supply of Inventory ................................
9.6
4.4
-53.8%
Percent Under Contract ........................................
24.4%
18.9%
-22.7%
Average Median Price for Last 12 Months ........
$782,000
$771,760
-1.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$904
M E D I A N
S A L E S
(in hundred thousands)
$799
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2012
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$771,760
PROPERTIES FOR SALE
53
DAYS ON MARKET**
47
Shadow inventory
30
(90035 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Brentwood DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$2,195,000
$1,522,000
-30.7%
Average Price per Square Foot ...........................
$816
$749
-8.2%
Properties Sold .......................................................
25
24
-4.0%
Properties Pending Sale .......................................
17
23
35.3%
Properties For Sale ................................................
165
147
-10.9%
Days on Market (Pending Sale) ...........................
56
71
26.8%
Month’s Supply of Inventory ................................
6.6
6.1
-7.2%
Percent Under Contract ........................................
10.3%
15.6%
51.9%
Average Median Price for Last 12 Months ........
$1,791,000
$1,905,462
6.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.522
S A L E S
$2.195
(in hundred thousands)
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2012
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$1,905,462
PROPERTIES FOR SALE
147
DAYS ON MARKET**
73
Shadow Inventory
50 (90049 Zip Code) **12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Cheviot Hil s - Rancho Park DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$1,270,000
$1,280,000
0.8%
Average Price per Square Foot ...........................
$495
$519
4.8%
Properties Sold .......................................................
6
8
33.3%
Properties Pending Sale .......................................
7
7
0.0%
Properties For Sale ................................................
37
28
-24.3%
Days on Market (Pending Sale) ...........................
26
43
65.4%
Month’s Supply of Inventory ................................
6.2
3.5
-43.2%
Percent Under Contract ........................................
18.9%
25.0%
32.1%
Average Median Price for Last 12 Months ........
$1,156,000
$1,266,277
8.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.280
$1.270
(in hundred thousands)
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2012
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$1,266,277
PROPERTIES FOR SALE
28
DAYS ON MARKET**
55
SHADOW INVENTORY
50
(90064 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Culver City DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$745,000
$534,500
-28.3%
Average Price per Square Foot ...........................
$449
$463
3.1%
Properties Sold .......................................................
11
8
-27.3%
Properties Pending Sale .......................................
11
15
36.4%
Properties For Sale ................................................
67
52
-22.4%
Days on Market (Pending Sale) ...........................
42
23
-45.2%
Month’s Supply of Inventory ................................
6.1
6.5
6.7%
Percent Under Contract ........................................
16.4%
28.8%
75.7%
Average Median Price for Last 12 Months ........
$668,000
$617,733
-8.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$534
S A L E S
$745
(in hundred thousands)
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2012
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$617,733
PROPERTIES FOR SALE
52
DAYS ON MARKET**
51
SHADOW INVENTORY
52
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Hancock Park - Wilshire DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$940,000
$925,000
-1.6%
Average Price per Square Foot ...........................
$437
$420
-3.9%
Properties Sold .......................................................
23
21
-8.7%
Properties Pending Sale .......................................
18
23
27.8%
Properties For Sale ................................................
152
110
-27.6%
Days on Market (Pending Sale) ...........................
48
67
39.6%
Month’s Supply of Inventory ................................
6.6
5.2
-20.7%
Percent Under Contract ........................................
11.8%
20.9%
76.6%
Average Median Price for Last 12 Months ........
$1,051,000
$977,173
-7.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$925
S A L E S
$940
(in hundred thousands)
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2012
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$977,173
PROPERTIES FOR SALE
110
DAYS ON MARKET**
60
shadow inventory
70
(90004, 90020 Zip Codes)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Hollywood DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$450,000
$805,000
78.9%
Average Price per Square Foot ...........................
$263
$580
120.5%
Properties Sold .......................................................
1
2
100.0%
Properties Pending Sale .......................................
1
7
600.0%
Properties For Sale ................................................
26
20
-23.1%
Days on Market (Pending Sale) ...........................
6
39
550.0%
Month’s Supply of Inventory ................................
26.0
10.0
-61.5%
Percent Under Contract ........................................
3.8%
35.0%
810.0%
Average Median Price for Last 12 Months ........
$450,000
$486,077
7.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$805
P R I C E
yearly trend
M E D I A N
$450
APR
MAY
JUN
JUL
Micro Market Report : April 2012
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$486,077
PROPERTIES FOR SALE
20
DAYS ON MARKET**
45
shadow inventory
102
(90028, 90038, 90068 Zip Codes)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Hollywood Hil s East DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$782,500
$1,205,000
54.0%
Average Price per Square Foot ...........................
$346
$457
32.1%
Properties Sold .......................................................
10
7
-30.0%
Properties Pending Sale .......................................
6
10
66.7%
Properties For Sale ................................................
91
58
-36.3%
Days on Market (Pending Sale) ...........................
83
46
-44.6%
Month’s Supply of Inventory ................................
15.2
8.3
-45.4%
Percent Under Contract ........................................
6.6%
17.2%
161.5%
Average Median Price for Last 12 Months ........
$892,000
$877,769
-1.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$1.205
P R I C E
yearly trend
M E D I A N
$783
APR
MAY
JUN
JUL
Micro Market Report : April 2012
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$877,769
PROPERTIES FOR SALE
58
DAYS ON MARKET**
66
shadow inventory
45
(90027 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Los Feliz DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$735,000
$1,050,000
42.9%
Average Price per Square Foot ...........................
$472
$476
0.8%
Properties Sold .......................................................
15
11
-26.7%
Properties Pending Sale .......................................
11
22
100.0%
Properties For Sale ................................................
96
76
-20.8%
Days on Market (Pending Sale) ...........................
42
23
-45.2%
Month’s Supply of Inventory ................................
8.7
6.9
-20.8%
Percent Under Contract ........................................
11.5%
28.9%
152.6%
Average Median Price for Last 12 Months ........
$987,000
$942,594
-4.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$1.050
P R I C E
yearly trend
M E D I A N
$735
APR
MAY
JUN
JUL
Micro Market Report : April 2012
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$942,594
PROPERTIES FOR SALE
76
DAYS ON MARKET**
50
shadow inventory
45
(90027 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Malibu DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$1,512,500
$1,355,000
-10.4%
Average Price per Square Foot ...........................
$553
$494
-10.7%
Properties Sold .......................................................
10
9
-10.0%
Properties Pending Sale .......................................
10
20
100.0%
Properties For Sale ................................................
298
228
-23.5%
Days on Market (Pending Sale) ...........................
200
96
-52.0%
Month’s Supply of Inventory ................................
29.8
25.3
-15.0%
Percent Under Contract ........................................
3.4%
8.8%
161.4%
Average Median Price for Last 12 Months ........
$1,946,000
$1,802,193
-8.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.513
APR
$1.355
MAY
JUN
JUL
Micro Market Report : April 2012
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
M E D I A N
S A L E S
(in hundred thousands)
P R I C E
yearly trend
telesintelligence.com
the numbers median sales price**
$1,802,193
PROPERTIES FOR SALE
228
DAYS ON MARKET**
152
SHADOW INVENTORY
69
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Malibu Beach DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$1,600,000
$6,749,500
321.8%
Average Price per Square Foot ...........................
$1,235
$2,192
77.5%
Properties Sold .......................................................
1
8
700.0%
Properties Pending Sale .......................................
2
9
350.0%
Properties For Sale ................................................
110
90
-18.2%
Days on Market (Pending Sale) ...........................
178
175
-1.7%
Month’s Supply of Inventory ................................
110.0
11.3
-89.8%
Percent Under Contract ........................................
1.8%
10.0%
450.0%
Average Median Price for Last 12 Months ........
$4,991,000
$5,648,083
11.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.600
APR
S A L E S M E D I A N
$6.750
(in hundred thousands)
P R I C E
yearly trend
MAY
JUN
JUL
Micro Market Report : April 2012
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$5,213,615
PROPERTIES FOR SALE
90
DAYS ON MARKET**
197
SHADOW INVENTORY
10
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Marina del Rey DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$1,545,000
$1,375,000
-11.0%
Average Price per Square Foot ...........................
$403
$486
20.6%
Properties Sold .......................................................
4
6
50.0%
Properties Pending Sale .......................................
2
4
100.0%
Properties For Sale ................................................
43
34
-20.9%
Days on Market (Pending Sale) ...........................
18
23
27.8%
Month’s Supply of Inventory ................................
10.8
5.7
-47.3%
Percent Under Contract ........................................
4.7%
11.8%
152.9%
Average Median Price for Last 12 Months ........
$1,425,000
$1,248,614
-14.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.375
S A L E S
$1.545
(in hundred thousands)
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2012
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$1,056,519
PROPERTIES FOR SALE
34
DAYS ON MARKET**
65
SHADOW INVENTORY
4
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Mid Los Angeles DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$271,000
$287,000
5.9%
Average Price per Square Foot ...........................
$197
$205
4.1%
Properties Sold .......................................................
14
12
-14.3%
Properties Pending Sale .......................................
13
20
53.8%
Properties For Sale ................................................
137
76
-44.5%
Days on Market (Pending Sale) ...........................
51
69
35.3%
Month’s Supply of Inventory ................................
9.8
6.3
-35.3%
Percent Under Contract ........................................
9.5%
26.3%
177.3%
Average Median Price for Last 12 Months ........
$311,000
$296,069
-5.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$287
$271
(in hundred thousands)
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2012
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$296,069
PROPERTIES FOR SALE
76
DAYS ON MARKET**
59
shadow inventory
122 (90019 Zip Code) **12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Mid Wilshire DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$610,000
$411,000
-32.6%
Average Price per Square Foot ...........................
$218
$159
-27.1%
Properties Sold .......................................................
3
1
-66.7%
Properties Pending Sale .......................................
4
3
-25.0%
Properties For Sale ................................................
35
24
-31.4%
Days on Market (Pending Sale) ...........................
35
30
-14.3%
Month’s Supply of Inventory ................................
11.7
24.0
105.7%
Percent Under Contract ........................................
11.4%
12.5%
9.4%
Average Median Price for Last 12 Months ........
$451,000
$426,345
-5.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$411
S A L E S
$610
(in hundred thousands)
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2012
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$409,703
PROPERTIES FOR SALE
24
DAYS ON MARKET**
21
shadow inventory
30
(90036 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Pacific Palisades DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$1,845,000
$2,650,000
43.6%
Average Price per Square Foot ...........................
$709
$734
3.5%
Properties Sold .......................................................
21
19
-9.5%
Properties Pending Sale .......................................
20
24
20.0%
Properties For Sale ................................................
195
145
-25.6%
Days on Market (Pending Sale) ...........................
64
53
-17.2%
Month’s Supply of Inventory ................................
9.3
7.6
-17.8%
Percent Under Contract ........................................
10.3%
16.6%
61.4%
Average Median Price for Last 12 Months ........
$1,860,000
$1,785,067
-4.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$2.650
P R I C E
yearly trend
M E D I A N
$1.845
APR
MAY
JUN
JUL
Micro Market Report : April 2012
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$1,785,067
PROPERTIES FOR SALE
145
DAYS ON MARKET**
65
SHADOW INVENTORY
33
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Palms - Mar Vista DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$687,500
$661,000
-3.9%
Average Price per Square Foot ...........................
$508
$478
-5.9%
Properties Sold .......................................................
24
19
-20.8%
Properties Pending Sale .......................................
20
25
25.0%
Properties For Sale ................................................
104
79
-24.0%
Days on Market (Pending Sale) ...........................
37
30
-18.9%
Month’s Supply of Inventory ................................
4.3
4.2
-4.0%
Percent Under Contract ........................................
19.2%
31.6%
64.6%
Average Median Price for Last 12 Months ........
$747,000
$733,615
-1.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$661
S A L E S
$688
(in hundred thousands)
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2012
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$733,615
PROPERTIES FOR SALE
79
DAYS ON MARKET**
51
shadow inventory
107
(90066, 90034 Zip Codes)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Playa del Rey DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$993,750
$1,135,000
14.2%
Average Price per Square Foot ...........................
$374
$418
11.8%
Properties Sold .......................................................
2
7
250.0%
Properties Pending Sale .......................................
3
1
-66.7%
Properties For Sale ................................................
30
16
-46.7%
Days on Market (Pending Sale) ...........................
50
87
74.0%
Month’s Supply of Inventory ................................
15.0
2.3
-84.8%
Percent Under Contract ........................................
10.0%
6.3%
-37.5%
Average Median Price for Last 12 Months ........
$1,032,000
$915,766
-12.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$994
S A L E S
$1.135
(in hundred thousands)
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2012
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$845,322
PROPERTIES FOR SALE
16
DAYS ON MARKET**
59
SHADOW INVENTORY
16
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Playa Vista DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$0
$0
N/A
Average Price per Square Foot ...........................
$0
$0
N/A
Properties Sold .......................................................
0
0
N/A
Properties Pending Sale .......................................
0
0
N/A
Properties For Sale ................................................
3
5
66.7%
Days on Market (Pending Sale) ...........................
0
0
N/A
Month’s Supply of Inventory ................................
N/A
N/A
N/A
Percent Under Contract ........................................
0.0%
0.0%
N/A
Average Median Price for Last 12 Months ........
$1,052,000
$902,107
-16.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$0 APR
$0 MAY
JUN
JUL
Micro Market Report : April 2012
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
M E D I A N
S A L E S
(in hundred thousands)
P R I C E
yearly trend
telesintelligence.com
the numbers median sales price**
$485,750
PROPERTIES FOR SALE
5
DAYS ON MARKET**
19
shadow inventory
1
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Santa Monica DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$1,400,000
$1,725,000
23.2%
Average Price per Square Foot ...........................
$656
$810
23.5%
Properties Sold .......................................................
25
21
-16.0%
Properties Pending Sale .......................................
11
19
72.7%
Properties For Sale ................................................
123
107
-13.0%
Days on Market (Pending Sale) ...........................
124
30
-75.8%
Month’s Supply of Inventory ................................
4.9
5.1
3.6%
Percent Under Contract ........................................
8.9%
17.8%
98.6%
Average Median Price for Last 12 Months ........
$1,623,000
$1,635,119
0.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S M E D I A N
$1.400
(in hundred thousands)
$1.725
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2012
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$1,635,119
PROPERTIES FOR SALE
107
DAYS ON MARKET**
63
SHADOW INVENTORY
37
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Sunset Strip - Hollywood Hil s West DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$1,421,000
$1,399,000
-1.5%
Average Price per Square Foot ...........................
$608
$581
-4.4%
Properties Sold .......................................................
26
31
19.2%
Properties Pending Sale .......................................
29
32
10.3%
Properties For Sale ................................................
327
274
-16.2%
Days on Market (Pending Sale) ...........................
88
53
-39.8%
Month’s Supply of Inventory ................................
12.6
8.8
-29.7%
Percent Under Contract ........................................
8.9%
11.7%
31.7%
Average Median Price for Last 12 Months ........
$1,264,000
$1,269,515
0.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.399
S A L E S
$1.421
(in hundred thousands)
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2012
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$1,269,515
PROPERTIES FOR SALE
274
DAYS ON MARKET**
73
shadow inventory
94
(90028, 90068 Zip Codes)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Venice DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$740,000
$945,000
27.7%
Average Price per Square Foot ...........................
$507
$713
40.6%
Properties Sold .......................................................
17
17
0.0%
Properties Pending Sale .......................................
13
17
30.8%
Properties For Sale ................................................
124
92
-25.8%
Days on Market (Pending Sale) ...........................
85
69
-18.8%
Month’s Supply of Inventory ................................
7.3
5.4
-25.8%
Percent Under Contract ........................................
10.5%
18.5%
76.3%
Average Median Price for Last 12 Months ........
$926,000
$1,005,854
8.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$740
S A L E S
$945
(in hundred thousands)
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2012
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$1,005,854
PROPERTIES FOR SALE
92
DAYS ON MARKET**
63
SHADOW INVENTORY
32
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
West Hollywood DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$1,175,000
$775,000
-34.0%
Average Price per Square Foot ...........................
$635
$567
-10.7%
Properties Sold .......................................................
9
7
-22.2%
Properties Pending Sale .......................................
7
14
100.0%
Properties For Sale ................................................
65
50
-23.1%
Days on Market (Pending Sale) ...........................
95
32
-66.3%
Month’s Supply of Inventory ................................
7.2
7.1
-1.1%
Percent Under Contract ........................................
10.8%
28.0%
160.0%
Average Median Price for Last 12 Months ........
$799,000
$961,019
16.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$775
S A L E S
$1.175
(in hundred thousands)
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2012
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$961,019
PROPERTIES FOR SALE
50
DAYS ON MARKET**
68
SHADOW INVENTORY
23
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
West Los Angeles DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$801,550
$500,000
-37.6%
Average Price per Square Foot ...........................
$389
$407
4.6%
Properties Sold .......................................................
2
2
0.0%
Properties Pending Sale .......................................
8
6
-25.0%
Properties For Sale ................................................
44
31
-29.5%
Days on Market (Pending Sale) ...........................
42
42
0.0%
Month’s Supply of Inventory ................................
22.0
15.5
-29.5%
Percent Under Contract ........................................
18.2%
19.4%
6.5%
Average Median Price for Last 12 Months ........
$666,000
$621,381
-6.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$500
S A L E S
$802
(in hundred thousands)
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2012
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$621,381
PROPERTIES FOR SALE
31
DAYS ON MARKET**
44
Shaodw inventory
24
(90025 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Westchester DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$699,000
$614,900
-12.0%
Average Price per Square Foot ...........................
$390
$427
9.5%
Properties Sold .......................................................
19
14
-26.3%
Properties Pending Sale .......................................
17
13
-23.5%
Properties For Sale ................................................
87
49
-43.7%
Days on Market (Pending Sale) ...........................
54
27
-50.0%
Month’s Supply of Inventory ................................
4.6
3.5
-23.6%
Percent Under Contract ........................................
19.5%
26.5%
35.8%
Average Median Price for Last 12 Months ........
$663,000
$627,935
-5.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S M E D I A N
$615
(in hundred thousands)
$699
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2012
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$627,935
PROPERTIES FOR SALE
49
DAYS ON MARKET**
45
shadow inventory
92
(90045 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Westwood - Century City DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$1,872,000
$1,245,000
-33.5%
Average Price per Square Foot ...........................
$580
$562
-3.1%
Properties Sold .......................................................
3
17
466.7%
Properties Pending Sale .......................................
10
17
70.0%
Properties For Sale ................................................
89
77
-13.5%
Days on Market (Pending Sale) ...........................
9
30
233.3%
Month’s Supply of Inventory ................................
29.7
4.5
-84.7%
Percent Under Contract ........................................
11.2%
22.1%
96.5%
Average Median Price for Last 12 Months ........
$1,312,000
$1,299,287
-1.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.245
S A L E S
$1.872
(in hundred thousands)
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2012
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$1,299,287
PROPERTIES FOR SALE
77
DAYS ON MARKET**
39
shadow inventory
11
(90024, 90067 Zip Codes)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
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References
CONTACTS:
Laron Turley Director of Research, Teles Intelligence laron.turley@telesproperties.com Steve Shull Chief Strategist, Teles Intelligence steve.shull@telesproperties.com Sharran Srivatsaa Chief Executive Officer, Teles Intelligence sharran.srivatsaa@telesproperties.com
location:
Teles Intelligence 11990 San Vicente Blvd, Suite 100 Los Angeles, Ca 90049
Phone:
424.203.1800 email:
info@telesintelligence.com
Teles intelligence April 2012 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2012 Teles Properties, Inc. Teles Properties is a registered trademark.