Teles intelligence
micro market report orange county 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.
san fern
orange county
south b
Orange County Macro Market
Dana Point
Irvine
Balboa Peninsula
East Bluff - Harbor View
Ladera Ranch
Corona del Mar - Spyglass
East Costa Mesa
Laguna Beach (all areas)
Coto de Caza
Fountain Valley
Laguna Hills
Crystal Cove
Huntington Beach
Laguna Niguel
Micro Market Report : April 2013
telesintelligence.com
nando
san gabriel
bay
los angeles
Laguna Woods
Newport Heights
Turtle Ridge
Lower Newport Bay - Balboa Island
Rancho Santa Margarita
Turtle Rock
Mission Viejo
San Clemente
West Bay - Santa Ana Heights
Newport Beach (all areas)
San Juan Capistrano
West Newport - Lido
Newport Coast
Shady Canyon
Westminster
April 2013 : Micro Market Report
Orange County Macro Market DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$496,000
$625,000
26.0%
Average Price per Square Foot ...........................
$308
$366
18.8%
Properties Sold .......................................................
1717
1806
5.2%
Properties Pending Sale .......................................
1826
2013
10.2%
Properties For Sale ................................................
8707
5194
-40.3%
Days on Market (Pending Sale) ...........................
95
40
-57.9%
Month’s Supply of Inventory ................................
5.1
2.9
-43.3%
Percent Under Contract ........................................
21.0%
38.8%
84.8%
Average Median Price for Last 12 Months ........
$490,000
$544,892
11.2%
*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.
$625
M E D I A N
S A L E S
(in hundred thousands)
$496
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
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OCT
NOV
DEC
JAN
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MAR
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telesintelligence.com
Balboa Peninsula DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$1,365,000
$1,350,000
-1.1%
Average Price per Square Foot ...........................
$879
$667
-24.1%
Properties Sold .......................................................
9
8
-11.1%
Properties Pending Sale .......................................
7
7
0.0%
Properties For Sale ................................................
79
35
-55.7%
Days on Market (Pending Sale) ...........................
168
77
-54.2%
Month’s Supply of Inventory ................................
8.8
4.4
-50.2%
Percent Under Contract ........................................
8.9%
20.0%
125.7%
Average Median Price for Last 12 Months ........
$2,251,000
$1,919,577
-14.7%
*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
S A L E S
$1.350
$1.365
(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**
$1,919,577 DAYS ON MARKET**
148 PROPERTIES FOR SALE
35 shadow inventory
4
(92663, 92661 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Corona del Mar - Spyglass DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$1,850,000
$2,150,000
16.2%
Average Price per Square Foot ...........................
$1,136
$795
-30.0%
Properties Sold .......................................................
19
15
-21.1%
Properties Pending Sale .......................................
19
17
-10.5%
Properties For Sale ................................................
116
75
-35.3%
Days on Market (Pending Sale) ...........................
96
87
-9.4%
Month’s Supply of Inventory ................................
6.1
5.0
-18.1%
Percent Under Contract ........................................
16.4%
22.7%
38.4%
Average Median Price for Last 12 Months ........
$1,870,000
$1,830,212
-2.1%
*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.
$2.150
M E D I A N
S A L E S
(in hundred thousands)
$1.850
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**
$1,830,212 DAYS ON MARKET**
105 PROPERTIES FOR SALE
75 shadow inventory
24
(92625 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Coto de Caza DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$815,000
$1,068,000
31.0%
Average Price per Square Foot ...........................
$252
$310
23.0%
Properties Sold .......................................................
22
29
31.8%
Properties Pending Sale .......................................
29
35
20.7%
Properties For Sale ................................................
151
112
-25.8%
Days on Market (Pending Sale) ...........................
148
51
-65.5%
Month’s Supply of Inventory ................................
6.9
3.9
-43.7%
Percent Under Contract ........................................
19.2%
31.3%
62.7%
Average Median Price for Last 12 Months ........
$926,000
$930,715
0.5%
*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.
$1.068
M E D I A N
S A L E S
(in hundred thousands)
$815
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**
$930,715 DAYS ON MARKET**
109 PROPERTIES FOR SALE
112 shadow inventory
26 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Crystal Cove DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$4,100,000
$3,450,000
-15.9%
Average Price per Square Foot ...........................
$806
$872
8.2%
Properties Sold .......................................................
3
4
33.3%
Properties Pending Sale .......................................
4
4
0.0%
Properties For Sale ................................................
32
33
3.1%
Days on Market (Pending Sale) ...........................
38
20
-47.4%
Month’s Supply of Inventory ................................
10.7
8.3
-22.7%
Percent Under Contract ........................................
12.5%
12.1%
-3.0%
Average Median Price for Last 12 Months ........
$4,416,000
$4,036,962
-8.6%
*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
$3.450
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 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$4,036,962 DAYS ON MARKET**
67 PROPERTIES FOR SALE
33 shadow inventory
15
(92657 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Dana Point DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$725,000
$885,000
22.1%
Average Price per Square Foot ...........................
$352
$431
22.4%
Properties Sold .......................................................
21
37
76.2%
Properties Pending Sale .......................................
26
43
65.4%
Properties For Sale ................................................
241
162
-32.8%
Days on Market (Pending Sale) ...........................
115
80
-30.4%
Month’s Supply of Inventory ................................
11.5
4.4
-61.8%
Percent Under Contract ........................................
10.8%
26.5%
146.0%
Average Median Price for Last 12 Months ........
$647,000
$743,385
14.9%
*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.
$885
M E D I A N
S A L E S
(in hundred thousands)
$725
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**
$743,385 DAYS ON MARKET**
105 PROPERTIES FOR SALE
162 shadow inventory
34
(92657 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
East Bluff - Harbor View DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$1,330,000
$1,598,950
20.2%
Average Price per Square Foot ...........................
$493
$564
14.4%
Properties Sold .......................................................
23
29
26.1%
Properties Pending Sale .......................................
25
24
-4.0%
Properties For Sale ................................................
142
66
-53.5%
Days on Market (Pending Sale) ...........................
94
93
-1.1%
Month’s Supply of Inventory ................................
6.2
2.3
-63.1%
Percent Under Contract ........................................
17.6%
36.4%
106.5%
Average Median Price for Last 12 Months ........
$1,351,000
$1,368,223
1.3%
*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)
$1.599
P R I C E
yearly trend
M E D I A N
S A L E S
$1.330
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**
$1,368,223 DAYS ON MARKET**
84 PROPERTIES FOR SALE
66 shadow inventory
31
(92660 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
East Costa Mesa DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$639,000
$880,000
37.7%
Average Price per Square Foot ...........................
$384
$473
23.2%
Properties Sold .......................................................
15
11
-26.7%
Properties Pending Sale .......................................
16
17
6.3%
Properties For Sale ................................................
64
42
-34.4%
Days on Market (Pending Sale) ...........................
70
52
-25.7%
Month’s Supply of Inventory ................................
4.3
3.8
-10.5%
Percent Under Contract ........................................
25.0%
40.5%
61.9%
Average Median Price for Last 12 Months ........
$652,000
$718,581
10.2%
*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.
$880
M E D I A N
S A L E S
(in hundred thousands)
$639
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**
$718,581 DAYS ON MARKET**
97 PROPERTIES FOR SALE
42 shadow inventory
29
(92627 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Fountain Valley DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$530,000
$660,000
24.5%
Average Price per Square Foot ...........................
$282
$293
3.9%
Properties Sold .......................................................
37
35
-5.4%
Properties Pending Sale .......................................
34
32
-5.9%
Properties For Sale ................................................
112
66
-41.1%
Days on Market (Pending Sale) ...........................
82
24
-70.7%
Month’s Supply of Inventory ................................
3.0
1.9
-37.7%
Percent Under Contract ........................................
30.4%
48.5%
59.7%
Average Median Price for Last 12 Months ........
$542,000
$579,427
6.9%
*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.
(in hundred thousands)
$660
P R I C E
yearly trend
M E D I A N
S A L E S
$530
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**
$579,427 DAYS ON MARKET**
61 PROPERTIES FOR SALE
66 shadow inventory
44 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Huntington Beach DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$614,625
$620,000
0.9%
Average Price per Square Foot ...........................
$335
$379
13.1%
Properties Sold .......................................................
100
95
-5.0%
Properties Pending Sale .......................................
120
120
0.0%
Properties For Sale ................................................
488
300
-38.5%
Days on Market (Pending Sale) ...........................
85
46
-45.9%
Month’s Supply of Inventory ................................
4.9
3.2
-35.3%
Percent Under Contract ........................................
24.6%
40.0%
62.7%
Average Median Price for Last 12 Months ........
$597,000
$632,775
6.0%
*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.
$620
M E D I A N
S A L E S
(in hundred thousands)
$615
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**
$632,775 DAYS ON MARKET**
74 PROPERTIES FOR SALE
300 shadow inventory
155 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Irvine DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$650,000
$842,500
29.6%
Average Price per Square Foot ...........................
$362
$405
11.9%
Properties Sold .......................................................
91
118
29.7%
Properties Pending Sale .......................................
82
105
28.0%
Properties For Sale ................................................
433
256
-40.9%
Days on Market (Pending Sale) ...........................
81
32
-60.5%
Month’s Supply of Inventory ................................
4.8
2.2
-54.4%
Percent Under Contract ........................................
18.9%
41.0%
116.6%
Average Median Price for Last 12 Months ........
$696,000
$784,023
12.6%
*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.
(in hundred thousands)
$843
P R I C E
yearly trend
M E D I A N
S A L E S
$650
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**
$784,023 DAYS ON MARKET**
73 PROPERTIES FOR SALE
256 shadow inventory
107 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Ladera Ranch DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$625,000
$897,000
43.5%
Average Price per Square Foot ...........................
$241
$290
20.3%
Properties Sold .......................................................
28
30
7.1%
Properties Pending Sale .......................................
28
42
50.0%
Properties For Sale ................................................
137
102
-25.5%
Days on Market (Pending Sale) ...........................
93
37
-60.2%
Month’s Supply of Inventory ................................
4.9
3.4
-30.5%
Percent Under Contract ........................................
20.4%
41.2%
101.5%
Average Median Price for Last 12 Months ........
$638,000
$729,171
14.3%
*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)
$897
P R I C E
yearly trend
M E D I A N
S A L E S
$625
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**
$729,171 DAYS ON MARKET**
89 PROPERTIES FOR SALE
102 shadow inventory
28 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Laguna Beach DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$1,265,000
$1,560,700
23.4%
Average Price per Square Foot ...........................
$777
$981
26.3%
Properties Sold .......................................................
30
33
10.0%
Properties Pending Sale .......................................
23
36
56.5%
Properties For Sale ................................................
292
228
-21.9%
Days on Market (Pending Sale) ...........................
193
65
-66.3%
Month’s Supply of Inventory ................................
9.7
6.9
-29.0%
Percent Under Contract ........................................
7.9%
15.8%
100.5%
Average Median Price for Last 12 Months ........
$1,188,000
$1,408,515
18.6%
*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.
(in hundred thousands)
$1.561
P R I C E
yearly trend
M E D I A N
S A L E S
$1.265
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**
$1,408,515 DAYS ON MARKET**
122 PROPERTIES FOR SALE
228 shadow inventory
37 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Laguna Hills DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$527,500
$750,000
42.2%
Average Price per Square Foot ...........................
$251
$329
31.1%
Properties Sold .......................................................
26
31
19.2%
Properties Pending Sale .......................................
32
17
-46.9%
Properties For Sale ................................................
122
58
-52.5%
Days on Market (Pending Sale) ...........................
99
66
-33.3%
Month’s Supply of Inventory ................................
4.7
1.9
-60.1%
Percent Under Contract ........................................
26.2%
29.3%
11.7%
Average Median Price for Last 12 Months ........
$530,000
$645,531
21.8%
*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.
S A L E S
(in hundred thousands)
$750
P R I C E
yearly trend
M E D I A N
$528
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**
$645,531 DAYS ON MARKET**
75 PROPERTIES FOR SALE
58 shadow inventory
36 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Laguna Niguel DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$625,000
$760,000
21.6%
Average Price per Square Foot ...........................
$307
$364
18.6%
Properties Sold .......................................................
67
71
6.0%
Properties Pending Sale .......................................
53
71
34.0%
Properties For Sale ................................................
299
195
-34.8%
Days on Market (Pending Sale) ...........................
114
42
-63.2%
Month’s Supply of Inventory ................................
4.5
2.7
-38.5%
Percent Under Contract ........................................
17.7%
36.4%
105.4%
Average Median Price for Last 12 Months ........
$654,000
$663,102
1.4%
*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.
$760
M E D I A N
S A L E S
(in hundred thousands)
$625
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**
$663,102 DAYS ON MARKET**
87 PROPERTIES FOR SALE
195 shadow inventory
90 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Laguna Woods 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
0
0
Properties For Sale ................................................
0
1
0
Days on Market (Pending Sale) ...........................
0
0
0
Month’s Supply of Inventory ................................
0
0
0
Percent Under Contract ........................................
0
0.0%
0
Average Median Price for Last 12 Months ........
$337,000
$41,462
-87.7%
*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.
$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**
$41,462 DAYS ON MARKET**
43 PROPERTIES FOR SALE
1 shadow inventory
3 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Lower Newport Bay - Balboa Island DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$1,850,000
$2,050,000
10.8%
Average Price per Square Foot ...........................
$839
$1,630
94.3%
Properties Sold .......................................................
7
9
28.6%
Properties Pending Sale .......................................
11
3
-72.7%
Properties For Sale ................................................
60
38
-36.7%
Days on Market (Pending Sale) ...........................
164
75
-54.3%
Month’s Supply of Inventory ................................
8.6
4.2
-50.7%
Percent Under Contract ........................................
18.3%
7.9%
-56.9%
Average Median Price for Last 12 Months ........
$1,978,000
$2,318,846
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.
M E D I A N
S A L E S
$2.050
$1.850
(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**
$2,318,846 DAYS ON MARKET**
126 PROPERTIES FOR SALE
38 shadow inventory
19
(92660, 92662, 92663 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Mission Viejo DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$475,000
$585,000
23.2%
Average Price per Square Foot ...........................
$246
$297
20.7%
Properties Sold .......................................................
81
101
24.7%
Properties Pending Sale .......................................
97
97
0.0%
Properties For Sale ................................................
332
205
-38.3%
Days on Market (Pending Sale) ...........................
88
27
-69.3%
Month’s Supply of Inventory ................................
4.1
2.0
-50.5%
Percent Under Contract ........................................
29.2%
47.3%
62.0%
Average Median Price for Last 12 Months ........
$475,000
$529,673
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.
$585
M E D I A N
S A L E S
(in hundred thousands)
$475
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**
$529,673 DAYS ON MARKET**
126 PROPERTIES FOR SALE
38 shadow inventory
19 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Newport Beach DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$1,320,000
$1,599,500
21.2%
Average Price per Square Foot ...........................
$593
$712
20.1%
Properties Sold .......................................................
60
72
20.0%
Properties Pending Sale .......................................
72
53
-26.4%
Properties For Sale ................................................
446
244
-45.3%
Days on Market (Pending Sale) ...........................
117
80
-31.6%
Month’s Supply of Inventory ................................
7.4
3.4
-54.4%
Percent Under Contract ........................................
16.1%
21.7%
34.6%
Average Median Price for Last 12 Months ........
$1,328,000
$1,472,192
10.9%
*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.
$1.600
M E D I A N
S A L E S
(in hundred thousands)
$1.320
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**
$1,442,192 DAYS ON MARKET**
105 PROPERTIES FOR SALE
244 shadow inventory
57 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Newport Coast DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$2,124,750
$3,000,000
41.2%
Average Price per Square Foot ...........................
$692
$745
7.7%
Properties Sold .......................................................
10
23
130.0%
Properties Pending Sale .......................................
15
25
66.7%
Properties For Sale ................................................
135
92
-31.9%
Days on Market (Pending Sale) ...........................
100
69
-31.0%
Month’s Supply of Inventory ................................
13.5
4.0
-70.4%
Percent Under Contract ........................................
11.1%
27.2%
144.6%
Average Median Price for Last 12 Months ........
$1,952,000
$2,465,981
26.3%
*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.
S A L E S
(in hundred thousands)
$3.000
P R I C E
yearly trend
M E D I A N
$2.125
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**
$2,465,981 DAYS ON MARKET**
88 PROPERTIES FOR SALE
92 shadow inventory
11 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Newport Heights DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$1,014,500
$2,120,000
109.0%
Average Price per Square Foot ...........................
$648
$566
-12.7%
Properties Sold .......................................................
2
6
200.0%
Properties Pending Sale .......................................
5
3
-40.0%
Properties For Sale ................................................
32
27
-15.6%
Days on Market (Pending Sale) ...........................
99
26
-73.7%
Month’s Supply of Inventory ................................
16
4.5
-71.9%
Percent Under Contract ........................................
15.6%
11.1%
-28.9%
Average Median Price for Last 12 Months ........
$1,152,000
$1,306,423
13.4%
*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
(in hundred thousands)
$2.120
P R I C E
yearly trend
M E D I A N
$1.015
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**
$1,306,423 DAYS ON MARKET**
84 PROPERTIES FOR SALE
277 shadow inventory
19
(92663 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Rancho Santa Margarita DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$497,500
$580,000
16.6%
Average Price per Square Foot ...........................
$232
$289
24.6%
Properties Sold .......................................................
58
42
-27.6%
Properties Pending Sale .......................................
51
48
-5.9%
Properties For Sale ................................................
195
90
-53.8%
Days on Market (Pending Sale) ...........................
101
39
-61.4%
Month’s Supply of Inventory ................................
3.4
2.1
-36.3%
Percent Under Contract ........................................
26.2%
53.3%
103.9%
Average Median Price for Last 12 Months ........
$500,000
$547,288
9.5%
*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.
M E D I A N
S A L E S
$498
(in hundred thousands)
$580
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**
$547,288 DAYS ON MARKET**
76 PROPERTIES FOR SALE
90 shadow inventory
65 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
San Clemente DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$705,000
$810,000
14.9%
Average Price per Square Foot ...........................
$267
$316
18.4%
Properties Sold .......................................................
83
71
-14.5%
Properties Pending Sale .......................................
78
65
-16.7%
Properties For Sale ................................................
340
225
-33.8%
Days on Market (Pending Sale) ...........................
106
52
-50.9%
Month’s Supply of Inventory ................................
4.1
3.2
-22.6%
Percent Under Contract ........................................
22.9%
28.9%
25.9%
Average Median Price for Last 12 Months ........
$658,000
$717,112
9.0%
*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.
$810
M E D I A N
S A L E S
(in hundred thousands)
$705
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**
$717,112 DAYS ON MARKET**
85 PROPERTIES FOR SALE
225 shadow inventory
91 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
San Juan Capistrano DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$371,000
$730,000
96.8%
Average Price per Square Foot ...........................
$261
$291
11.5%
Properties Sold .......................................................
19
23
21.1%
Properties Pending Sale .......................................
34
39
14.7%
Properties For Sale ................................................
172
116
-32.6%
Days on Market (Pending Sale) ...........................
101
66
-34.7%
Month’s Supply of Inventory ................................
9.1
5.0
-44.3%
Percent Under Contract ........................................
19.8%
33.6%
70.1%
Average Median Price for Last 12 Months ........
$558,000
$634,858
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.
S A L E S
(in hundred thousands)
$730
P R I C E
yearly trend
M E D I A N
$371
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**
$634,858 DAYS ON MARKET**
85 PROPERTIES FOR SALE
116 shadow inventory
54 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Shady Canyon DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$2,962,500
$4,537,500
53.2%
Average Price per Square Foot ...........................
$510
$798
56.5%
Properties Sold .......................................................
2
2
0.0%
Properties Pending Sale .......................................
2
1
-50.0%
Properties For Sale ................................................
22
11
-50.0%
Days on Market (Pending Sale) ...........................
143
235
64.3%
Month’s Supply of Inventory ................................
11.0
5.5
-50.0%
Percent Under Contract ........................................
9.1%
9.1%
0.0%
Average Median Price for Last 12 Months ........
$4,015,000
$3,893,376
-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.
M E D I A N
$2.963
S A L E S
$4.538
(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**
$3,893,376 DAYS ON MARKET**
104 PROPERTIES FOR SALE
11 shadow inventory
0 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Turtle Ridge DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$1,985,000
$1,965,000
-1.0%
Average Price per Square Foot ...........................
$544
$549
0.9%
Properties Sold .......................................................
2
5
150.0%
Properties Pending Sale .......................................
5
6
20.0%
Properties For Sale ................................................
27
21
-22.2%
Days on Market (Pending Sale) ...........................
97
49
-49.5%
Month’s Supply of Inventory ................................
13.5
4.2
-68.9%
Percent Under Contract ........................................
18.5%
28.6%
54.3%
Average Median Price for Last 12 Months ........
$1,873,000
$2,039,423
8.9%
*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
$1.965
S A L E S
$1.985
(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**
$2,039,423 DAYS ON MARKET**
100 PROPERTIES FOR SALE
21 shadow inventory
14
(92603 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Turtle Rock DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$0
$1,198,000
0
Average Price per Square Foot ...........................
$0
$471
0
Properties Sold .......................................................
0
1
0
Properties Pending Sale .......................................
2
1
-50.0%
Properties For Sale ................................................
26
7
-73.1%
Days on Market (Pending Sale) ...........................
114
76
-33.3%
Month’s Supply of Inventory ................................
0
7.0
0
Percent Under Contract ........................................
7.7%
14.3%
85.7%
Average Median Price for Last 12 Months ........
$994,000
$941,212
-5.3%
*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)
$1.198
P R I C E
yearly trend
$0 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**
$941,212 DAYS ON MARKET**
97 PROPERTIES FOR SALE
7 shadow inventory
0 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
West Bay - Santa Ana Heights DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$1,267,500
$1,580,000
24.7%
Average Price per Square Foot ...........................
$441
$548
24.3%
Properties Sold .......................................................
10
16
60.0%
Properties Pending Sale .......................................
12
9
-25.0%
Properties For Sale ................................................
61
32
-47.5%
Days on Market (Pending Sale) ...........................
79
63
-20.3%
Month’s Supply of Inventory ................................
6.1
2.0
-67.2%
Percent Under Contract ........................................
19.7%
28.1%
43.0%
Average Median Price for Last 12 Months ........
$1,101,000
$1,243,477
12.9%
*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.
(in hundred thousands)
$1.580
P R I C E
yearly trend
M E D I A N
S A L E S
$1.268
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**
$1,243,477 DAYS ON MARKET**
97 PROPERTIES FOR SALE
32 shadow inventory
31
(92660 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
West Newport - Lido DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$1,152,500
$1,670,000
44.9%
Average Price per Square Foot ...........................
$794
$983
23.8%
Properties Sold .......................................................
8
4
-50.0%
Properties Pending Sale .......................................
12
7
-41.7%
Properties For Sale ................................................
72
45
-37.5%
Days on Market (Pending Sale) ...........................
137
87
-36.5%
Month’s Supply of Inventory ................................
9.0
11.3
25.0%
Percent Under Contract ........................................
16.7%
15.6%
-6.7%
Average Median Price for Last 12 Months ........
$1,224,000
$1,749,423
42.9%
*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.
APR
M E D I A N
$1.153
S A L E S
$1.670
(in hundred thousands)
P R I C E
yearly trend
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$1,749,423 DAYS ON MARKET**
128 PROPERTIES FOR SALE
45 shadow inventory
19
(92663 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Westminster DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$400,000
$490,000
22.5%
Average Price per Square Foot ...........................
$255
$278
9.0%
Properties Sold .......................................................
40
30
-25.0%
Properties Pending Sale .......................................
51
42
-17.6%
Properties For Sale ................................................
189
93
-50.8%
Days on Market (Pending Sale) ...........................
72
31
-56.9%
Month’s Supply of Inventory ................................
4.7
3.1
-34.4%
Percent Under Contract ........................................
27.0%
45.2%
67.4%
Average Median Price for Last 12 Months ........
$398,000
$418,360
5.1%
*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.
$490
M E D I A N
S A L E S
(in hundred thousands)
$400
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**
$418,360 DAYS ON MARKET**
54 PROPERTIES FOR SALE
93 shadow inventory
73 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : 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.
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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.