Teles intelligence
micro market report los angeles APRIL 2013 | SINGLE FAMILY HOMES REPORT
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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 2013
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 2013 : Micro Market Report
Los Angeles Macro Market DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$658,750
$830,000
26.0%
Average Price per Square Foot ...........................
$524
$570
8.8%
Properties Sold .......................................................
714
757
6.0%
Properties Pending Sale .......................................
811
940
15.9%
Properties For Sale ................................................
5024
3313
-34.1%
Days on Market (Pending Sale) ...........................
60
45
-25.0%
Month’s Supply of Inventory ................................
7.0
4.4
-37.8%
Percent Under Contract ........................................
16.1%
28.4%
75.8%
Average Median Price for Last 12 Months ........
$582,000
$669,200
13.0%
*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.
$830
M E D I A N
S A L E S
(in hundred thousands)
$659
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
Bel Air - Holmby Hills DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$1,255,000
$1,895,040
51.0%
Average Price per Square Foot ...........................
$959
$525
-45.3%
Properties Sold .......................................................
16
12
-25.0%
Properties Pending Sale .......................................
11
15
36.4%
Properties For Sale ................................................
129
122
-5.4%
Days on Market (Pending Sale) ...........................
80
81
1.3%
Month’s Supply of Inventory ................................
8.1
10.2
26.1%
Percent Under Contract ........................................
8.5%
14.4%
69.0%
Average Median Price for Last 12 Months ........
$1,741,000
$1,839,584
5.4%
*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
$1.255
S A L E S
$1.895
(in hundred thousands)
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$1,839,584
DAYS ON MARKET**
99
PROPERTIES FOR SALE
122
shadow inventory
8
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Beverly Center - Miracle Mile DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$891,500
$1,206,500
35.3%
Average Price per Square Foot ...........................
$430
$617
43.5%
Properties Sold .......................................................
18
18
0.0%
Properties Pending Sale .......................................
15
29
93.3%
Properties For Sale ................................................
74
68
-8.1%
Days on Market (Pending Sale) ...........................
57
34
-40.4%
Month’s Supply of Inventory ................................
4.1
3.8
-8.1%
Percent Under Contract ........................................
20.3%
42.6%
110.4%
Average Median Price for Last 12 Months ........
$926,000
$987,337
6.2%
*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.
(in hundred thousands)
$1.107
P R I C E
yearly trend
M E D I A N
S A L E S
$892
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$987,337 DAYS ON MARKET**
56 PROPERTIES FOR SALE
68 shadow inventory
10
(90048 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Beverly Hills DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$4,787,500
$4,177,500
-12.7%
Average Price per Square Foot ...........................
$879
$1,015
15.5%
Properties Sold .......................................................
12
16
33.3%
Properties Pending Sale .......................................
10
18
80.0%
Properties For Sale ................................................
150
91
-39.3%
Days on Market (Pending Sale) ...........................
48
61
27.1%
Month’s Supply of Inventory ................................
12.5
5.7
-54.5%
Percent Under Contract ........................................
6.7%
19.8%
196.7%
Average Median Price for Last 12 Months ........
$3,228,000
$4,394,849
26.6%
*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
$4.178
S A L E S
$4.788
(in hundred thousands)
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$4,394,849 DAYS ON MARKET**
97 PROPERTIES FOR SALE
91 shadow inventory
46 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Beverly Hills P.O. DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$2,050,000
$2,437,500
18.9%
Average Price per Square Foot ...........................
$647
$611
-5.6%
Properties Sold .......................................................
19
16
-15.8%
Properties Pending Sale .......................................
17
13
-23.5%
Properties For Sale ................................................
149
95
-36.2%
Days on Market (Pending Sale) ...........................
65
112
72.3%
Month’s Supply of Inventory ................................
7.8
5.9
-24.3%
Percent Under Contract ........................................
11.4%
13.7%
19.9%
Average Median Price for Last 12 Months ........
$2,116,000
$1,975,824
-7.1%
*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.
$2.438
M E D I A N
S A L E S
(in hundred thousands)
$2.050
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$1,975,824 DAYS ON MARKET**
94 PROPERTIES FOR SALE
95 shadow inventory
38
(90210 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Beverlywood DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$965,000
$704,500
-27.0%
Average Price per Square Foot ...........................
$483
$434
-10.1%
Properties Sold .......................................................
13
14
7.7%
Properties Pending Sale .......................................
9
14
55.6%
Properties For Sale ................................................
62
40
-35.5%
Days on Market (Pending Sale) ...........................
28
21
-25.0%
Month’s Supply of Inventory ................................
4.8
2.9
-40.1%
Percent Under Contract ........................................
14.5%
35.0%
141.1%
Average Median Price for Last 12 Months ........
$772,000
$786,115
1.8%
*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
$705
S A L E S
$965
(in hundred thousands)
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$786,115 DAYS ON MARKET**
54 PROPERTIES FOR SALE
40 shadow inventory
14
(90035 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Brentwood DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$1,565,000
$2,000,000
27.8%
Average Price per Square Foot ...........................
$748
$887
18.6%
Properties Sold .......................................................
25
21
-16.0%
Properties Pending Sale .......................................
19
34
78.9%
Properties For Sale ................................................
162
126
-22.2%
Days on Market (Pending Sale) ...........................
77
45
-41.6%
Month’s Supply of Inventory ................................
6.5
6.0
-7.4%
Percent Under Contract ........................................
11.7%
27.0%
130.1%
Average Median Price for Last 12 Months ........
$1,909,000
$1,928,004
1.0%
*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.
S A L E S
(in hundred thousands)
$2.000
P R I C E
yearly trend
M E D I A N
$1.565
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$1,928,004 DAYS ON MARKET**
75 PROPERTIES FOR SALE
126 shadow inventory
25
(90049 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Cheviot Hills - Rancho Park DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$1,265,000
$1,395,000
10.3%
Average Price per Square Foot ...........................
$518
$653
26.1%
Properties Sold .......................................................
9
10
11.1%
Properties Pending Sale .......................................
7
8
14.3%
Properties For Sale ................................................
29
20
-31.0%
Days on Market (Pending Sale) ...........................
43
27
-37.2%
Month’s Supply of Inventory ................................
3.2
2.0
-37.9%
Percent Under Contract ........................................
24.1%
40.0%
65.7%
Average Median Price for Last 12 Months ........
$1,266,000
$1,303,866
2.9%
*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)
$1.395
$1.265
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$1,303,866 DAYS ON MARKET**
51 PROPERTIES FOR SALE
20 shadow inventory
17
(90064 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Culver City DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$534,500
$820,000
53.4%
Average Price per Square Foot ...........................
$463
$528
14.0%
Properties Sold .......................................................
8
14
75.0%
Properties Pending Sale .......................................
13
17
30.8%
Properties For Sale ................................................
57
49
-14.0%
Days on Market (Pending Sale) ...........................
52
21
-59.6%
Month’s Supply of Inventory ................................
7.1
3.5
-50.9%
Percent Under Contract ........................................
22.8%
34.7%
52.1%
Average Median Price for Last 12 Months ........
$618,000
$698,428
11.5%
*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.
(in hundred thousands)
$820
P R I C E
yearly trend
M E D I A N
S A L E S
$535
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$698,428 DAYS ON MARKET**
50 PROPERTIES FOR SALE
49 shadow inventory
16 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Hancock Park - Wilshire DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$925,000
$1,236,000
33.6%
Average Price per Square Foot ...........................
$422
$527
24.9%
Properties Sold .......................................................
23
13
-43.5%
Properties Pending Sale .......................................
20
26
30.0%
Properties For Sale ................................................
123
95
-22.8%
Days on Market (Pending Sale) ...........................
62
33
-46.8%
Month’s Supply of Inventory ................................
5.3
7.3
36.6%
Percent Under Contract ........................................
16.3%
27.4%
68.3%
Average Median Price for Last 12 Months ........
$964,000
$1,044,089
7.7%
*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
$925
S A L E S
$1.236
(in hundred thousands)
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$1,044,089 DAYS ON MARKET**
71 PROPERTIES FOR SALE
95 shadow inventory
32
(90004, 90020 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Hollywood DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$805,000
$475,000
-41.0%
Average Price per Square Foot ...........................
$580
$417
-28.1%
Properties Sold .......................................................
2
2
0.0%
Properties Pending Sale .......................................
7
5
-28.6%
Properties For Sale ................................................
25
20
-20.0%
Days on Market (Pending Sale) ...........................
39
97
148.7%
Month’s Supply of Inventory ................................
12.5
10.0
-20.0%
Percent Under Contract ........................................
28.0%
25.0%
-10.7%
Average Median Price for Last 12 Months ........
$486,000
$674,961
28.0%
*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
$475
S A L E S
$805
(in hundred thousands)
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$674,961 DAYS ON MARKET**
44 PROPERTIES FOR SALE
20 shadow inventory
38
(90028, 90038, 90068 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Hollywood Hills East DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$1,222,500
$9,575,000
683.2%
Average Price per Square Foot ...........................
$461
$513
11.3%
Properties Sold .......................................................
8
14
75.0%
Properties Pending Sale .......................................
8
16
100.0%
Properties For Sale ................................................
69
60
-13.0%
Days on Market (Pending Sale) ...........................
43
28
-34.9%
Month’s Supply of Inventory ................................
8.6
4.3
-50.3%
Percent Under Contract ........................................
11.6%
26.7%
130.0%
Average Median Price for Last 12 Months ........
$880,000
$1,630,615
46.0%
*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)
$9.575
P R I C E
yearly trend
$1.223
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$1,630,615 DAYS ON MARKET**
67 PROPERTIES FOR SALE
60 shadow inventory
6
(90029 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Los Feliz DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$1,050,000
$9,575,000
811.9%
Average Price per Square Foot ...........................
$476
$434
-8.8%
Properties Sold .......................................................
11
15
36.4%
Properties Pending Sale .......................................
21
19
-9.5%
Properties For Sale ................................................
89
74
-16.9%
Days on Market (Pending Sale) ...........................
29
30
3.4%
Month’s Supply of Inventory ................................
4.2
4.9
16.4%
Percent Under Contract ........................................
23.6%
25.7%
8.8%
Average Median Price for Last 12 Months ........
$924,000
$1,672,500
44.8%
*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)
$9.575
P R I C E
yearly trend
$1.050
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$1,672,500 DAYS ON MARKET**
54 PROPERTIES FOR SALE
74 shadow inventory
16
(90027 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Malibu DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$1,552,500
$1,850,000
19.2%
Average Price per Square Foot ...........................
$644
$485
-24.7%
Properties Sold .......................................................
10
13
30.0%
Properties Pending Sale .......................................
19
15
-21.1%
Properties For Sale ................................................
249
204
-18.1%
Days on Market (Pending Sale) ...........................
105
123
17.1%
Month’s Supply of Inventory ................................
24.9
15.7
-37.0%
Percent Under Contract ........................................
7.6%
7.4%
-3.6%
Average Median Price for Last 12 Months ........
$1,813,000
$1,755,923
-3.3%
*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.
(in hundred thousands)
$1.850
P R I C E
yearly trend
M E D I A N
S A L E S
$1.553
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$1,755,923 DAYS ON MARKET**
152 PROPERTIES FOR SALE
204 shadow inventory
42 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Malibu Beach DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$6,749,500
$4,025,000
-40.4%
Average Price per Square Foot ...........................
$2,192
$1,717
-21.7%
Properties Sold .......................................................
8
5
-37.5%
Properties Pending Sale .......................................
8
3
-62.5%
Properties For Sale ................................................
99
84
-15.2%
Days on Market (Pending Sale) ...........................
199
135
-32.2%
Month’s Supply of Inventory ................................
12.4
16.8
35.8%
Percent Under Contract ........................................
8.1%
3.6%
-55.8%
Average Median Price for Last 12 Months ........
$5,648,000
$6,031,082
6.4%
*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.
S A L E S
$4.025
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
M E D I A N
$6.750
APR
(in hundred thousands)
P R I C E
yearly trend
telesintelligence.com
the numbers median sales price**
$6,031,082 DAYS ON MARKET**
207 PROPERTIES FOR SALE
84 shadow inventory
2 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Marina del Rey DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$1,475,000
$1,892,500
28.3%
Average Price per Square Foot ...........................
$496
$525
5.8%
Properties Sold .......................................................
6
8
33.3%
Properties Pending Sale .......................................
3
2
-33.3%
Properties For Sale ................................................
31
20
-35.5%
Days on Market (Pending Sale) ...........................
24
58
141.7%
Month’s Supply of Inventory ................................
5.2
2.5
-51.6%
Percent Under Contract ........................................
9.7%
10.0%
3.3%
Average Median Price for Last 12 Months ........
$1,185,000
$1,410,638
16.0%
*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.
(in hundred thousands)
$1.893
P R I C E
yearly trend
M E D I A N
S A L E S
$1.475
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$1,405,275 DAYS ON MARKET**
79 PROPERTIES FOR SALE
20 shadow inventory
7 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Mid Los Angeles DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$304,500
$402,500
32.2%
Average Price per Square Foot ...........................
$208
$258
24.0%
Properties Sold .......................................................
14
16
14.3%
Properties Pending Sale .......................................
15
28
86.7%
Properties For Sale ................................................
81
60
-25.9%
Days on Market (Pending Sale) ...........................
67
18
-73.1%
Month’s Supply of Inventory ................................
5.8
3.8
-35.2%
Percent Under Contract ........................................
18.5%
46.7%
152.0%
Average Median Price for Last 12 Months ........
$297,000
$335,327
11.4%
*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.
(in hundred thousands)
$403
P R I C E
yearly trend
M E D I A N
S A L E S
$305
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$335,327 DAYS ON MARKET**
50 PROPERTIES FOR SALE
60 shadow inventory
51
(90019 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Mid Wilshire DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$411,000
$466,250
13.4%
Average Price per Square Foot ...........................
$159
$267
67.9%
Properties Sold .......................................................
1
4
300.0%
Properties Pending Sale .......................................
4
3
-25.0%
Properties For Sale ................................................
25
20
-20.0%
Days on Market (Pending Sale) ...........................
37
19
-48.6%
Month’s Supply of Inventory ................................
25.0
5.0
-80.0%
Percent Under Contract ........................................
16.0%
15.0%
-6.3%
Average Median Price for Last 12 Months ........
$426,000
$423,092
-0.7%
*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.
$466
M E D I A N
S A L E S
(in hundred thousands)
$411
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$423,092 DAYS ON MARKET**
41 PROPERTIES FOR SALE
20 shadow inventory
11
(90036 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Pacific Palisades DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$2,650,000
$2,252,500
-15.0%
Average Price per Square Foot ...........................
$735
$798
8.6%
Properties Sold .......................................................
20
30
50.0%
Properties Pending Sale .......................................
23
35
52.2%
Properties For Sale ................................................
161
134
-16.8%
Days on Market (Pending Sale) ...........................
51
63
23.5%
Month’s Supply of Inventory ................................
8.1
4.5
-44.5%
Percent Under Contract ........................................
14.3%
26.1%
82.8%
Average Median Price for Last 12 Months ........
$1,790,000
$2,161,115
17.2%
*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.
$2.650
M E D I A N
S A L E S
(in hundred thousands)
$2.253
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$2,161,115 DAYS ON MARKET**
74 PROPERTIES FOR SALE
134 shadow inventory
19 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Palms - Mar Vista DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$695,000
$865,000
24.5%
Average Price per Square Foot ...........................
$493
$590
19.7%
Properties Sold .......................................................
20
33
65.0%
Properties Pending Sale .......................................
24
31
29.2%
Properties For Sale ................................................
85
64
-24.7%
Days on Market (Pending Sale) ...........................
31
30
-3.2%
Month’s Supply of Inventory ................................
4.3
1.9
-54.4%
Percent Under Contract ........................................
28.2%
48.4%
71.5%
Average Median Price for Last 12 Months ........
$738,000
$787,863
6.3%
*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.
$865
M E D I A N
S A L E S
(in hundred thousands)
$695
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$787,863 DAYS ON MARKET**
46 PROPERTIES FOR SALE
64 shadow inventory
48
(90066, 90034 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Playa del Rey DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$1,135,000
$1,242,500
9.5%
Average Price per Square Foot ...........................
$418
$451
7.9%
Properties Sold .......................................................
7
10
42.9%
Properties Pending Sale .......................................
0
3
0
Properties For Sale ................................................
16
10
-37.5%
Days on Market (Pending Sale) ...........................
0
32
0
Month’s Supply of Inventory ................................
2.3
1.0
-56.3%
Percent Under Contract ........................................
0.0%
30.0%
0
Average Median Price for Last 12 Months ........
$916,000
$1,039,038
11.8%
*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.
$1.243
M E D I A N
S A L E S
(in hundred thousands)
$1.135
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$1,039,038 DAYS ON MARKET**
70 PROPERTIES FOR SALE
10 shadow inventory
5 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Playa Vista DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$0
$0
0
Average Price per Square Foot ...........................
$0
$0
0
Properties Sold .......................................................
0
0
0
Properties Pending Sale .......................................
0
1
0
Properties For Sale ................................................
5
6
20.0%
Days on Market (Pending Sale) ...........................
0
33
0
Month’s Supply of Inventory ................................
0
0
0
Percent Under Contract ........................................
0.0%
16.7%
0
Average Median Price for Last 12 Months ........
$962,000
$519,404
-85.2%
*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.
$0 APR
$0 MAY
JUN
JUL
Micro Market Report : April 2013
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**
$894,542 DAYS ON MARKET**
26 PROPERTIES FOR SALE
6 shadow inventory
0 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Santa Monica DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$1,687,500
$2,630,000
55.9%
Average Price per Square Foot ...........................
$810
$1,097
35.4%
Properties Sold .......................................................
22
19
-13.6%
Properties Pending Sale .......................................
19
33
73.7%
Properties For Sale ................................................
115
90
-21.7%
Days on Market (Pending Sale) ...........................
31
98
216.1%
Month’s Supply of Inventory ................................
5.2
4.7
-9.4%
Percent Under Contract ........................................
16.5%
36.7%
121.9%
Average Median Price for Last 12 Months ........
$1,627,000
$1,926,176
15.5%
*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.
(in hundred thousands)
$2.630
P R I C E
yearly trend
M E D I A N
S A L E S
$1.688
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$1,926,176 DAYS ON MARKET**
58 PROPERTIES FOR SALE
90 shadow inventory
19 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Sunset Strip - Hollywood Hills West DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$1,399,000
$1,616,250
15.5%
Average Price per Square Foot ...........................
$594
$731
23.1%
Properties Sold .......................................................
33
36
9.1%
Properties Pending Sale .......................................
23
55
139.1%
Properties For Sale ................................................
302
227
-24.8%
Days on Market (Pending Sale) ...........................
47
52
10.6%
Month’s Supply of Inventory ................................
9.2
6.3
-31.1%
Percent Under Contract ........................................
7.6%
24.2%
218.1%
Average Median Price for Last 12 Months ........
$1,270,000
$1,417,482
10.4%
*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.
$1.616
M E D I A N
S A L E S
(in hundred thousands)
$1.399
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$1,417,482 DAYS ON MARKET**
78 PROPERTIES FOR SALE
227 shadow inventory
42
(90028, 90068 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Venice DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$972,500
$1,575,500
62.0%
Average Price per Square Foot ...........................
$715
$869
21.5%
Properties Sold .......................................................
18
17
-5.6%
Properties Pending Sale .......................................
17
16
-5.9%
Properties For Sale ................................................
103
79
-23.3%
Days on Market (Pending Sale) ...........................
75
73
-2.7%
Month’s Supply of Inventory ................................
5.7
4.6
-18.8%
Percent Under Contract ........................................
16.5%
20.3%
22.7%
Average Median Price for Last 12 Months ........
$999,000
$1,216,130
21.7%
*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.
(in hundred thousands)
$1.576
P R I C E
yearly trend
M E D I A N
S A L E S
$973
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$1,216,130 DAYS ON MARKET**
67 PROPERTIES FOR SALE
79 shadow inventory
15 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
West Hollywood DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$779,500
$1,150,000
47.5%
Average Price per Square Foot ...........................
$543
$756
39.2%
Properties Sold .......................................................
10
16
60.0%
Properties Pending Sale .......................................
12
12
0.0%
Properties For Sale ................................................
56
39
-30.4%
Days on Market (Pending Sale) ...........................
31
34
9.7%
Month’s Supply of Inventory ................................
5.6
2.4
-56.5%
Percent Under Contract ........................................
21.4%
30.8%
43.6%
Average Median Price for Last 12 Months ........
$959,000
$1,112,308
13.8%
*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
$780
S A L E S
$1.150
(in hundred thousands)
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$1,112,308 DAYS ON MARKET**
63 PROPERTIES FOR SALE
39 shadow inventory
10 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
West Los Angeles DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$500,000
$770,000
54.0%
Average Price per Square Foot ...........................
$407
$579
42.3%
Properties Sold .......................................................
2
8
300.0%
Properties Pending Sale .......................................
5
8
60.0%
Properties For Sale ................................................
33
17
-48.5%
Days on Market (Pending Sale) ...........................
54
17
-68.5%
Month’s Supply of Inventory ................................
16.5
2.1
-87.1%
Percent Under Contract ........................................
15.2%
47.1%
210.6%
Average Median Price for Last 12 Months ........
$622,000
$640,864
3.0%
*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.
S A L E S
(in hundred thousands)
$770
P R I C E
yearly trend
M E D I A N
$500
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$640,864 DAYS ON MARKET**
51 PROPERTIES FOR SALE
17 shadow inventory
5
(90025 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Westchester DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$614,950
$708,500
15.2%
Average Price per Square Foot ...........................
$427
$434
1.6%
Properties Sold .......................................................
14
16
14.3%
Properties Pending Sale .......................................
9
25
177.8%
Properties For Sale ................................................
57
49
-14.0%
Days on Market (Pending Sale) ...........................
18
20
11.1%
Month’s Supply of Inventory ................................
4.1
3.1
-24.8%
Percent Under Contract ........................................
15.8%
51.0%
223.1%
Average Median Price for Last 12 Months ........
$625,000
$670,560
7.3%
*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
$615
(in hundred thousands)
$709
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$670,560 DAYS ON MARKET**
42 PROPERTIES FOR SALE
49 shadow inventory
32
(90045 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Westwood - Century City DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$1,245,000
$1,270,000
2.0%
Average Price per Square Foot ...........................
$562
$665
18.3%
Properties Sold .......................................................
17
14
-17.6%
Properties Pending Sale .......................................
15
23
53.3%
Properties For Sale ................................................
83
52
-37.3%
Days on Market (Pending Sale) ...........................
39
43
10.3%
Month’s Supply of Inventory ................................
4.9
3.7
-23.9%
Percent Under Contract ........................................
18.1%
44.2%
144.7%
Average Median Price for Last 12 Months ........
$1,299,000
$1,300,502
0.1%
*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
$1.270
$1.245
(in hundred thousands)
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$1,300,502 DAYS ON MARKET**
48 PROPERTIES FOR SALE
52 shadow inventory
5
(90024, 90067 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
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References
CONTACTS:
Aleksey Tokhner Project Manager, Teles Intelligence aleksey.tokhner@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 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.