Teles intelligence
micro market report south bay 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 ang
south bay
san fern
South Bay Macro Market
Palos Verdes
Redondo Beach
Manhattan Beach
Rancho Palos Verdes
Rolling Hills
Micro Market Report : April 2013
telesintelligence.com
geles
orange county
nando
san gabriel Rolling Hills Estates
Torrance
San Pedro
April 2013 : Micro Market Report
South Bay Macro Market DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$998,079
$1,055,806
5.8%
Average Price per Square Foot ...........................
$421
$471
11.7%
Properties Sold .......................................................
174
203
16.7%
Properties Pending Sale .......................................
214
238
11.2%
Properties For Sale ................................................
819
615
-24.9%
Days on Market (Pending Sale) ...........................
67
28
-57.5%
Month’s Supply of Inventory ................................
4.7
3.0
-35.6%
Percent Under Contract ........................................
26.1%
38.7%
48.1%
Average Median Price for Last 12 Months ........
$1,173,000
$1,137,923
-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
S A L E S
(in hundred thousands)
$1.056
$998
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
Manhattan Beach DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$1,701,250
$1,826,500
7.4%
Average Price per Square Foot ...........................
$664
$779
17.3%
Properties Sold .......................................................
38
37
-2.6%
Properties Pending Sale .......................................
37
43
16.2%
Properties For Sale ................................................
111
86
-22.5%
Days on Market (Pending Sale) ...........................
53
30
-43.4%
Month’s Supply of Inventory ................................
2.9
2.3
-20.4%
Percent Under Contract ........................................
33.3%
50.0%
50.0%
Average Median Price for Last 12 Months ........
$1,464,000
$1,558,196
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.
$1.827
M E D I A N
S A L E S
(in hundred thousands)
$1.701
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**
$1,558,196 DAYS ON MARKET**
55 PROPERTIES FOR SALE
86 shadow inventory
11 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Palos Verdes DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$1,795,000
$1,752,500
-2.4%
Average Price per Square Foot ...........................
$554
$640
15.5%
Properties Sold .......................................................
11
12
9.1%
Properties Pending Sale .......................................
23
17
-26.1%
Properties For Sale ................................................
85
71
-16.5%
Days on Market (Pending Sale) ...........................
132
39
-70.5%
Month’s Supply of Inventory ................................
7.7
5.9
-23.4%
Percent Under Contract ........................................
27.1%
23.9%
-11.5%
Average Median Price for Last 12 Months ........
$1,366,000
$1,602,387
17.3%
*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
$1.753
(in hundred thousands)
$1.795
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**
$1,602,387 DAYS ON MARKET**
84 PROPERTIES FOR SALE
71 shadow inventory
16 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Rancho Palos Verdes DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$1,000,000
$1,050,000
5.0%
Average Price per Square Foot ...........................
$451
$464
2.9%
Properties Sold .......................................................
28
38
35.7%
Properties Pending Sale .......................................
26
44
69.2%
Properties For Sale ................................................
145
115
-20.7%
Days on Market (Pending Sale) ...........................
87
40
-54.0%
Month’s Supply of Inventory ................................
5.2
3.0
-41.6%
Percent Under Contract ........................................
17.9%
38.3%
113.4%
Average Median Price for Last 12 Months ........
$925,000
$977,500
5.7%
*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.
$1.050
M E D I A N
S A L E S
(in hundred thousands)
$1.000
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**
$977,500 DAYS ON MARKET**
74 PROPERTIES FOR SALE
115 shadow inventory
43 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Redondo Beach DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$584,462
$788,000
34.8%
Average Price per Square Foot ...........................
$445
$474
6.5%
Properties Sold .......................................................
20
30
50.0%
Properties Pending Sale .......................................
35
35
0.0%
Properties For Sale ................................................
113
88
-22.1%
Days on Market (Pending Sale) ...........................
65
25
-61.5%
Month’s Supply of Inventory ................................
5.7
2.9
-48.1%
Percent Under Contract ........................................
31.0%
39.8%
28.4%
Average Median Price for Last 12 Months ........
$699,000
$758,759
8.5%
*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.
S A L E S
(in hundred thousands)
$788
P R I C E
yearly trend
M E D I A N
$584
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**
$758,759 DAYS ON MARKET**
53 PROPERTIES FOR SALE
88 shadow inventory
30 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Rolling Hills DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$1,925,000
$1,354,500
-29.6%
Average Price per Square Foot ...........................
$663
$619
-6.6%
Properties Sold .......................................................
4
3
-25.0%
Properties Pending Sale .......................................
2
4
100.0%
Properties For Sale ................................................
22
20
-9.1%
Days on Market (Pending Sale) ...........................
2
36
1700.0%
Month’s Supply of Inventory ................................
5.5
6.7
21.2%
Percent Under Contract ........................................
9.1%
20.0%
120.0%
Average Median Price for Last 12 Months ........
$2,842,000
$1,936,308
-31.9%
*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.
S A L E S
$1.355
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
M E D I A N
$1.925
APR
(in hundred thousands)
P R I C E
yearly trend
telesintelligence.com
the numbers median sales price**
$1,936,308 DAYS ON MARKET**
62 PROPERTIES FOR SALE
20 shadow inventory
4 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Rolling Hills Estates DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$1,122,500
$1,656,250
47.6%
Average Price per Square Foot ...........................
$434
$518
19.4%
Properties Sold .......................................................
8
6
-25.0%
Properties Pending Sale .......................................
6
8
33.3%
Properties For Sale ................................................
33
26
-21.2%
Days on Market (Pending Sale) ...........................
71
21
-70.4%
Month’s Supply of Inventory ................................
4.1
4.3
5.1%
Percent Under Contract ........................................
18.2%
30.8%
69.2%
Average Median Price for Last 12 Months ........
$1,159,000
$1,270,135
9.6%
*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.
S A L E S
(in hundred thousands)
$1.656
P R I C E
yearly trend
M E D I A N
$1.123
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**
$1,270,135 DAYS ON MARKET**
62 PROPERTIES FOR SALE
26 shadow inventory
1 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
San Pedro DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$350,000
$482,000
37.7%
Average Price per Square Foot ...........................
$261
$343
31.4%
Properties Sold .......................................................
27
25
-7.4%
Properties Pending Sale .......................................
37
34
-8.1%
Properties For Sale ................................................
149
105
-29.5%
Days on Market (Pending Sale) ...........................
110
44
-60.0%
Month’s Supply of Inventory ................................
5.5
4.2
-23.9%
Percent Under Contract ........................................
24.8%
32.4%
30.4%
Average Median Price for Last 12 Months ........
$401,000
$437,674
9.1%
*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.
(in hundred thousands)
$482
P R I C E
yearly trend
M E D I A N
S A L E S
$350
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**
$437,674 DAYS ON MARKET**
76 PROPERTIES FOR SALE
105 shadow inventory
72 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Torrance DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$504,500
$592,500
17.4%
Average Price per Square Foot ...........................
$319
$399
25.1%
Properties Sold .......................................................
38
52
36.8%
Properties Pending Sale .......................................
48
53
10.4%
Properties For Sale ................................................
161
104
-35.4%
Days on Market (Pending Sale) ...........................
80
20
-75.0%
Month’s Supply of Inventory ................................
4.2
2.0
-52.8%
Percent Under Contract ........................................
29.8%
51.0%
70.9%
Average Median Price for Last 12 Months ........
$528,000
$562,423
6.5%
*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.
$593
M E D I A N
S A L E S
(in hundred thousands)
$505
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**
$562,423 DAYS ON MARKET**
53 PROPERTIES FOR SALE
104 shadow inventory
88 **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.