Teles intelligence
micro market report orange county 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
EfďŹ cient Financial security, expert staffing, advanced technology and personalized service. Portfolio Escrow, Inc. is driven to be a leading force in the escrow industry.
> >
424.203.1841 p o r t f o l i o e s c r o w. c o m
Š 2011 Portfolio Escrow, Inc. All Rights Reserved
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.
orange county
san fern
south b
Orange Country Macro Market
East Bluff - Harbor View
Irvine
Balboa Peninsula
East Costa Mesa
Laguna Beach (all areas)
Corona del Mar - Spyglass
Fountain Valley
Lower Newport Bay - Balb
Crystal Cove
Huntington Beach
Newport Beach (all areas)
Micro Market Report : April 2012
telesintelligence.com
nando
san gabriel
bay
los angeles Newport Coast
West Newport - Lido
Newport Heights
Westminster
boa Island
Turtle Ridge
)
West Bay - Santa Ana Heights
April 2012 : Micro Market Report
Orange County Macro Market DATA *
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$1,351,986
$1,250,528
-7.5%
Average Price per Square Foot ...........................
$535
$567
6.2%
Properties Sold .......................................................
357
435
21.8%
Properties Pending Sale .......................................
374
593
58.6%
Properties For Sale ................................................
3176
2493
-21.5%
Days on Market (Pending Sale) ...........................
91
77
-14.8%
Month’s Supply of Inventory ................................
8.9
5.7
-35.6%
Percent Under Contract ........................................
11.8%
23.8%
102.0%
Average Median Price for Last 12 Months ........
$1,468,118
$1,447,629
-1.4%
*Information obtained from Broker Metrics, SOCAL MLS and Foreclosure Radar for all areas in Orange County Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.251
S A L E S
$1.352
(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
Balboa Peninsula DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$2,825,000
$1,365,000
-51.7%
Average Price per Square Foot ...........................
$974
$879
-9.8%
Properties Sold .......................................................
1
9
800.0%
Properties Pending Sale .......................................
4
8
100.0%
Properties For Sale ................................................
58
72
24.1%
Days on Market (Pending Sale) ...........................
71
121
70.4%
Month’s Supply of Inventory ................................
58.0
8.0
-86.2%
Percent Under Contract ........................................
6.9%
11.1%
61.1%
Average Median Price for Last 12 Months ........
$2,068,000
$2,393,302
13.6%
*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
$1.365
MAY
JUN
JUL
Micro Market Report : April 2012
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
M E D I A N
$2.825
APR
(in hundred thousands)
P R I C E
yearly trend
telesintelligence.com
the numbers median sales price**
$2,393,302
PROPERTIES FOR SALE
72
DAYS ON MARKET**
119
SHADOW INVENTORY
7
(92663, 92661 Zip Codes)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Corona del Mar - Spyglass DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$1,850,000
$1,850,000
0.0%
Average Price per Square Foot ...........................
$795
$1,136
42.9%
Properties Sold .......................................................
17
19
11.8%
Properties Pending Sale .......................................
12
25
108.3%
Properties For Sale ................................................
118
111
-5.9%
Days on Market (Pending Sale) ...........................
113
85
-24.8%
Month’s Supply of Inventory ................................
6.9
5.8
-15.8%
Percent Under Contract ........................................
10.2%
22.5%
121.5%
Average Median Price for Last 12 Months ........
$1,894,000
$1,845,923
-2.6%
*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
S A L E S
$1.850
$1.850
(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**
$1,845,923
PROPERTIES FOR SALE
111
DAYS ON MARKET**
105
SHADOW INVENTORY
22
(92625 Zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Crystal Cove DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$4,100,000
$4,100,000
0.0%
Average Price per Square Foot ...........................
$761
$806
5.9%
Properties Sold .......................................................
1
3
200.0%
Properties Pending Sale .......................................
1
4
300.0%
Properties For Sale ................................................
24
29
20.8%
Days on Market (Pending Sale) ...........................
42
30
-28.6%
Month’s Supply of Inventory ................................
24.0
9.7
-59.7%
Percent Under Contract ........................................
4.2%
13.8%
231.0%
Average Median Price for Last 12 Months ........
$4,080,000
$4,416,023
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
$4.100
S A L E S
$4.100
(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**
$4,416,023
PROPERTIES FOR SALE
29
DAYS ON MARKET**
110
SHADOW INVENTORY
51
(92657 zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
East Bluff - Harbor View DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$1,242,500
$1,330,000
7.0%
Average Price per Square Foot ...........................
$474
$490
3.4%
Properties Sold .......................................................
14
23
64.3%
Properties Pending Sale .......................................
14
28
100.0%
Properties For Sale ................................................
135
129
-4.4%
Days on Market (Pending Sale) ...........................
110
77
-30.0%
Month’s Supply of Inventory ................................
9.6
5.6
-41.8%
Percent Under Contract ........................................
10.4%
21.7%
109.3%
Average Median Price for Last 12 Months ........
$1,400,000
$1,366,231
-2.5%
*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
$1.330
$1.242
(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**
$1,366,231
PROPERTIES FOR SALE
129
DAYS ON MARKET**
101
SHADOW INVENTORY
93
(92660 zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
East Costa Mesa DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$560,000
$632,000
12.9%
Average Price per Square Foot ...........................
$371
$381
2.7%
Properties Sold .......................................................
7
14
100.0%
Properties Pending Sale .......................................
11
15
36.4%
Properties For Sale ................................................
70
56
-20.0%
Days on Market (Pending Sale) ...........................
141
56
-60.3%
Month’s Supply of Inventory ................................
10.0
4.0
-60.0%
Percent Under Contract ........................................
15.7%
26.8%
70.5%
Average Median Price for Last 12 Months ........
$627,000
$652,469
3.9%
*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
S A L E S
$632 $560
(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**
$652,469
PROPERTIES FOR SALE
56
DAYS ON MARKET**
77
SHADOW INVENTORY
79
(92627 zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Fountain Valley DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$569,000
$535,500
-5.9%
Average Price per Square Foot ...........................
$288
$285
-1.0%
Properties Sold .......................................................
21
36
71.4%
Properties Pending Sale .......................................
26
42
61.5%
Properties For Sale ................................................
145
99
-31.7%
Days on Market (Pending Sale) ...........................
65
71
9.2%
Month’s Supply of Inventory ................................
6.9
2.8
-60.2%
Percent Under Contract ........................................
17.9%
42.4%
136.6%
Average Median Price for Last 12 Months ........
$577,000
$544,462
-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
S A L E S
$535
(in hundred thousands)
$569
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**
$544,462
PROPERTIES FOR SALE
99
DAYS ON MARKET**
71
SHADOW INVENTORY
168
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Huntington Beach DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$622,500
$647,500
4.0%
Average Price per Square Foot ...........................
$364
$336
-7.7%
Properties Sold .......................................................
80
92
15.0%
Properties Pending Sale .......................................
77
154
100.0%
Properties For Sale ................................................
624
436
-30.1%
Days on Market (Pending Sale) ...........................
96
66
-31.3%
Month’s Supply of Inventory ................................
7.8
4.7
-39.2%
Percent Under Contract ........................................
12.3%
35.3%
186.2%
Average Median Price for Last 12 Months ........
$619,000
$603,285
-2.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$647
M E D I A N
S A L E S
(in hundred thousands)
$622
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**
$603,285
PROPERTIES FOR SALE
436
DAYS ON MARKET**
89
SHADOW INVENTORY
465
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Irvine DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$725,000
$649,500
-10.4%
Average Price per Square Foot ...........................
$353
$369
4.5%
Properties Sold .......................................................
85
80
-5.9%
Properties Pending Sale .......................................
84
95
13.1%
Properties For Sale ................................................
539
378
-29.9%
Days on Market (Pending Sale) ...........................
77
58
-24.7%
Month’s Supply of Inventory ................................
6.3
4.7
-25.5%
Percent Under Contract ........................................
15.6%
25.1%
61.3%
Average Median Price for Last 12 Months ........
$743,000
$703,607
-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.
M E D I A N
$649
S A L E S
$725
(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**
$703,607
PROPERTIES FOR SALE
378
DAYS ON MARKET**
83
SHADOW INVENTORY
308
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Laguna Beach DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$900,000
$1,230,000
36.7%
Average Price per Square Foot ...........................
$647
$783
21.0%
Properties Sold .......................................................
23
27
17.4%
Properties Pending Sale .......................................
20
37
85.0%
Properties For Sale ................................................
359
275
-23.4%
Days on Market (Pending Sale) ...........................
124
155
25.0%
Month’s Supply of Inventory ................................
15.6
10.2
-34.7%
Percent Under Contract ........................................
5.6%
13.5%
141.5%
Average Median Price for Last 12 Months ........
$1,249,000
$1,196,835
-4.4%
*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
$900
S A L E S
$1.230
(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**
$1,196,835
PROPERTIES FOR SALE
275
DAYS ON MARKET**
137
SHADOW INVENTORY
108
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Lower Newport Bay - Balboa Island DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$1,750,000
$1,850,000
5.7%
Average Price per Square Foot ...........................
$834
$839
0.6%
Properties Sold .......................................................
5
7
40.0%
Properties Pending Sale .......................................
5
11
120.0%
Properties For Sale ................................................
60
57
-5.0%
Days on Market (Pending Sale) ...........................
87
138
58.6%
Month’s Supply of Inventory ................................
12.0
8.1
-32.1%
Percent Under Contract ........................................
8.3%
19.3%
131.6%
Average Median Price for Last 12 Months ........
$2,172,000
$1,955,132
-11.1%
*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
S A L E S
$1.850
$1.750
(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**
$1,955,132
PROPERTIES FOR SALE
57
DAYS ON MARKET**
109
SHADOW INVENTORY
136
(92660, 92662, 92663 Zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Newport Beach DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$1,342,500
$1,320,000
-1.7%
Average Price per Square Foot ...........................
$571
$594
4.0%
Properties Sold .......................................................
40
60
50.0%
Properties Pending Sale .......................................
45
74
64.4%
Properties For Sale ................................................
455
415
-8.8%
Days on Market (Pending Sale) ...........................
106
90
-15.1%
Month’s Supply of Inventory ................................
11.4
6.9
-39.2%
Percent Under Contract ........................................
9.9%
17.8%
80.3%
Average Median Price for Last 12 Months ........
$1,417,000
$1,334,279
-6.2%
*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
$1.320
(in hundred thousands)
$1.342
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**
$1,334,279
PROPERTIES FOR SALE
415
DAYS ON MARKET**
112
SHADOW INVENTORY
160
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Newport Coast DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$1,825,000
$1,180,000
-35.3%
Average Price per Square Foot ...........................
$621
$630
1.4%
Properties Sold .......................................................
9
7
-22.2%
Properties Pending Sale .......................................
11
14
27.3%
Properties For Sale ................................................
128
99
-22.7%
Days on Market (Pending Sale) ...........................
103
97
-5.8%
Month’s Supply of Inventory ................................
14.2
14.1
-0.6%
Percent Under Contract ........................................
8.6%
14.1%
64.6%
Average Median Price for Last 12 Months ........
$1,678,000
$1,767,769
5.1%
*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
$1.180
S A L E S
$1.825
(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**
$1,767,769
PROPERTIES FOR SALE
99
DAYS ON MARKET**
107
SHADOW INVENTORY
39
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Newport Heights DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$1,700,000
$1,014,500
-40.3%
Average Price per Square Foot ...........................
$515
$648
25.8%
Properties Sold .......................................................
1
2
100.0%
Properties Pending Sale .......................................
3
6
100.0%
Properties For Sale ................................................
32
32
0.0%
Days on Market (Pending Sale) ...........................
78
77
-1.3%
Month’s Supply of Inventory ................................
32
16
-50.0%
Percent Under Contract ........................................
9.4%
18.8%
100.0%
Average Median Price for Last 12 Months ........
$1,367,000
$1,211,854
-12.8%
*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
$1.014
S A L E S
$1.700
(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**
$1,211,854
PROPERTIES FOR SALE
32
DAYS ON MARKET**
82
SHADOW INVENTORY
41
(92663 zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Turtle Ridge DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$1,771,650
$1,985,000
12.0%
Average Price per Square Foot ...........................
$447
$544
21.7%
Properties Sold .......................................................
3
2
-33.3%
Properties Pending Sale .......................................
3
4
33.3%
Properties For Sale ................................................
27
25
-7.4%
Days on Market (Pending Sale) ...........................
86
60
-30.2%
Month’s Supply of Inventory ................................
9.0
12.5
38.9%
Percent Under Contract ........................................
11.1%
16.0%
44.0%
Average Median Price for Last 12 Months ........
$1,734,000
$1,887,819
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
S A L E S
$1.985
$1.771
(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**
$1,887,819
PROPERTIES FOR SALE
25
DAYS ON MARKET**
114
SHADOW INVENTORY
51
(92603 zip codes)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
West Bay - Santa Ana Heights DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$1,017,500
$1,267,500
24.6%
Average Price per Square Foot ...........................
$486
$441
-9.3%
Properties Sold .......................................................
12
10
-16.7%
Properties Pending Sale .......................................
12
11
-8.3%
Properties For Sale ................................................
88
55
-37.5%
Days on Market (Pending Sale) ...........................
92
72
-21.7%
Month’s Supply of Inventory ................................
7.3
5.5
-25.0%
Percent Under Contract ........................................
13.6%
20.0%
46.7%
Average Median Price for Last 12 Months ........
$1,088,000
$1,107,742
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.
S A L E S
(in hundred thousands)
$1.267
P R I C E
yearly trend
M E D I A N
$1.017
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**
$1,107,742
PROPERTIES FOR SALE
55
DAYS ON MARKET**
108
SHADOW INVENTORY
93
(92660 zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
West Newport - Lido DATA
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$1,102,600
$1,152,500
4.5%
Average Price per Square Foot ...........................
$859
$794
-7.6%
Properties Sold .......................................................
6
8
33.3%
Properties Pending Sale .......................................
6
10
66.7%
Properties For Sale ................................................
80
70
-12.5%
Days on Market (Pending Sale) ...........................
161
78
-51.6%
Month’s Supply of Inventory ................................
13.3
8.8
-34.4%
Percent Under Contract ........................................
7.5%
14.3%
90.5%
Average Median Price for Last 12 Months ........
$1,825,000
$1,221,854
-49.4%
*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
S A L E S
$1.152
$1.102
(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**
$1,221,854
PROPERTIES FOR SALE
70
DAYS ON MARKET**
140
SHADOW INVENTORY
41
(92663 zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Westminster DATA *
APR 2011
APR 2012
% CHANGE
Median Price ..........................................................
$432,500
$400,500
-7.4%
Average Price per Square Foot ...........................
$261
$258
-1.1%
Properties Sold .......................................................
32
36
12.5%
Properties Pending Sale .......................................
40
55
37.5%
Properties For Sale ................................................
234
155
-33.8%
Days on Market (Pending Sale) ...........................
78
57
-26.9%
Month’s Supply of Inventory ................................
7.3
4.3
-41.1%
Percent Under Contract ........................................
17.1%
35.5%
107.6%
Average Median Price for Last 12 Months ........
$420,000
$401,115
-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.
M E D I A N
S A L E S
$400
(in hundred thousands)
$432
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**
$401,115
PROPERTIES FOR SALE
155
DAYS ON MARKET**
78
SHADOW INVENTORY
242
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
April 2012 : Micro Market Report
Navigating Solutions. 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; providing extraordinarily thorough customer care; and navigating solutions. 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 delivers.
Get the full lending experience at rivierafinancial.com or contact a loan professional by calling 424.203.1850
r i v i e r a f i n a n c i a l . c o m 4 Locations to Serve You | Beverly Hills, Brentwood, Newport Beach & Pasadena Riviera Financial dba Mortgage Capital Partners, Inc. NMLS#239902 California Real Estate #00931610
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.