Teles intelligence
micro market report los angeles AUGUST 2012 | 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 : August 2012
telesintelligence.com
e county
san fernando
briel
south bay Pacific Palisades
Venice
Palms - Mar Vista
West Hollywood
Playa del Rey
West Los Angeles
Playa Vista
Westchester
Santa Monica
Westwood - Century City
Sunset Strip - Hollywood Hills West
August 2012 : Micro Market Report
Los Angeles Macro Market DATA *
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$1,279,033
$1,307,887
2.3%
Average Price per Square Foot ...........................
$560
$560
0.0%
Properties Sold .......................................................
393
435
10.7%
Properties Pending Sale .......................................
354
478
35.0%
Properties For Sale ................................................
3341
2326
-30.4%
Days on Market (Pending Sale) ...........................
59
60
3.2%
Month’s Supply of Inventory ................................
8.5
5.3
-37.1%
Percent Under Contract ........................................
10.6%
20.6%
94.0%
Average Median Price for Last 12 Months ........
$1,305,714
$1,345,328
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.
$1.308
M E D I A N
S A L E S
(in hundred thousands)
$1.279
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
Bel Air - Holmby Hil s DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$1,791,609
$1,450,000
-19.1%
Average Price per Square Foot ...........................
$910
$573
-37.0%
Properties Sold .......................................................
15
8
-46.7%
Properties Pending Sale .......................................
12
13
8.3%
Properties For Sale ................................................
181
145
-19.9%
Days on Market (Pending Sale) ...........................
80
54
-32.5%
Month’s Supply of Inventory ................................
12.1
18.1
50.2%
Percent Under Contract ........................................
6.6%
9.0%
35.2%
Average Median Price for Last 12 Months ........
$1,678,000
$1,781,591
5.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.450
S A L E S
$1.792
(in hundred thousands)
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$1,781,591
PROPERTIES FOR SALE
145
DAYS ON MARKET**
87
shadow inventory
40
(90077 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Beverly Center - Miracle Mile DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$949,500
$943,750
-0.6%
Average Price per Square Foot ...........................
$466
$490
5.2%
Properties Sold .......................................................
14
21
50.0%
Properties Pending Sale .......................................
17
20
17.6%
Properties For Sale ................................................
102
71
-30.4%
Days on Market (Pending Sale) ...........................
43
35
-18.6%
Month’s Supply of Inventory ................................
7.3
3.4
-53.6%
Percent Under Contract ........................................
16.7%
28.2%
69.0%
Average Median Price for Last 12 Months ........
$942,000
$897,346
-5.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$950
M E D I A N
S A L E S
(in hundred thousands)
$944
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$897,346
PROPERTIES FOR SALE
71
DAYS ON MARKET**
43
SHADOW INVENTORY
19
(90048 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Beverly Hil s DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$5,275,000
$3,825,000
-27.5%
Average Price per Square Foot ...........................
$998
$762
-23.6%
Properties Sold .......................................................
13
12
-7.7%
Properties Pending Sale .......................................
15
20
33.3%
Properties For Sale ................................................
162
141
-13.0%
Days on Market (Pending Sale) ...........................
71
101
42.3%
Month’s Supply of Inventory ................................
12.5
11.8
-5.7%
Percent Under Contract ........................................
9.3%
14.2%
53.2%
Average Median Price for Last 12 Months ........
$3,065,000
$3,683,462
16.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$3.825
S A L E S
$5.275
(in hundred thousands)
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$3,683,462
PROPERTIES FOR SALE
141
DAYS ON MARKET**
95
SHADOW INVENTORY
85
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Beverly Hil s P.O. DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$1,865,000
$2,425,000
30.0%
Average Price per Square Foot ...........................
$742
$631
-15.0%
Properties Sold .......................................................
13
11
-15.4%
Properties Pending Sale .......................................
7
13
85.7%
Properties For Sale ................................................
181
124
-31.5%
Days on Market (Pending Sale) ...........................
40
61
52.5%
Month’s Supply of Inventory ................................
13.9
11.3
-19.0%
Percent Under Contract ........................................
3.9%
10.5%
171.1%
Average Median Price for Last 12 Months ........
$2,054,000
$1,948,404
-5.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
(in hundred thousands)
$2.425
P R I C E
yearly trend
M E D I A N
S A L E S
$1.865
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$1,948,404
PROPERTIES FOR SALE
124
DAYS ON MARKET**
89
Shadow inventory
69
(90210 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Beverlywood DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$815,000
$850,000
4.3%
Average Price per Square Foot ...........................
$477
$504
5.7%
Properties Sold .......................................................
17
19
11.8%
Properties Pending Sale .......................................
13
14
7.7%
Properties For Sale ................................................
100
55
-45.0%
Days on Market (Pending Sale) ...........................
48
36
-25.0%
Month’s Supply of Inventory ................................
5.9
2.9
-50.8%
Percent Under Contract ........................................
13.0%
25.5%
95.8%
Average Median Price for Last 12 Months ........
$790,000
$765,981
-3.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$850
M E D I A N
S A L E S
(in hundred thousands)
$815
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$765,981
PROPERTIES FOR SALE
55
DAYS ON MARKET**
50
Shadow inventory
41
(90035 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Brentwood DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$1,975,000
$2,512,500
27.2%
Average Price per Square Foot ...........................
$597
$1,008
68.8%
Properties Sold .......................................................
14
24
71.4%
Properties Pending Sale .......................................
21
22
4.8%
Properties For Sale ................................................
173
118
-31.8%
Days on Market (Pending Sale) ...........................
66
53
-19.7%
Month’s Supply of Inventory ................................
12.4
4.9
-60.2%
Percent Under Contract ........................................
12.1%
18.6%
53.6%
Average Median Price for Last 12 Months ........
$1,925,000
$1,849,462
-4.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
(in hundred thousands)
$2.513
P R I C E
yearly trend
M E D I A N
S A L E S
$1.975
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$1,849,462
PROPERTIES FOR SALE
118
DAYS ON MARKET**
69
Shadow Inventory
41 (90049 Zip Code) **12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Cheviot Hil s - Rancho Park DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$1,030,000
$1,212,435
17.7%
Average Price per Square Foot ...........................
$506
$482
-4.7%
Properties Sold .......................................................
5
9
80.0%
Properties Pending Sale .......................................
7
4
-42.9%
Properties For Sale ................................................
48
24
-50.0%
Days on Market (Pending Sale) ...........................
89
77
-13.5%
Month’s Supply of Inventory ................................
9.6
2.7
-72.2%
Percent Under Contract ........................................
14.6%
16.7%
14.3%
Average Median Price for Last 12 Months ........
$1,154,000
$1,303,143
11.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.030
S A L E S
$1.212
(in hundred thousands)
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$1,303,143
PROPERTIES FOR SALE
24
DAYS ON MARKET**
60
SHADOW INVENTORY
46
(90064 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Culver City DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$590,000
$726,000
23.1%
Average Price per Square Foot ...........................
$453
$479
5.7%
Properties Sold .......................................................
9
22
144.4%
Properties Pending Sale .......................................
16
22
37.5%
Properties For Sale ................................................
83
66
-20.5%
Days on Market (Pending Sale) ...........................
63
23
-63.5%
Month’s Supply of Inventory ................................
9.2
3.0
-67.5%
Percent Under Contract ........................................
19.3%
33.3%
72.9%
Average Median Price for Last 12 Months ........
$650,000
$639,933
-1.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
(in hundred thousands)
$726
P R I C E
yearly trend
M E D I A N
S A L E S
$590
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$639,933
PROPERTIES FOR SALE
66
DAYS ON MARKET**
50
SHADOW INVENTORY
39
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Hancock Park - Wilshire DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$920,000
$925,500
0.6%
Average Price per Square Foot ...........................
$463
$462
-0.2%
Properties Sold .......................................................
30
26
-13.3%
Properties Pending Sale .......................................
20
22
10.0%
Properties For Sale ................................................
161
93
-42.2%
Days on Market (Pending Sale) ...........................
74
65
-12.2%
Month’s Supply of Inventory ................................
5.4
3.6
-33.3%
Percent Under Contract ........................................
12.4%
23.7%
90.4%
Average Median Price for Last 12 Months ........
$1,019,000
$913,880
-11.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$926
M E D I A N
S A L E S
(in hundred thousands)
$920
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$913,880
PROPERTIES FOR SALE
93
DAYS ON MARKET**
61
shadow inventory
48
(90004, 90020 Zip Codes)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Hollywood DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$781,000
$674,000
-13.7%
Average Price per Square Foot ...........................
$682
$506
-25.8%
Properties Sold .......................................................
1
5
400.0%
Properties Pending Sale .......................................
3
5
66.7%
Properties For Sale ................................................
34
16
-52.9%
Days on Market (Pending Sale) ...........................
62
54
-12.9%
Month’s Supply of Inventory ................................
34.0
3.2
-90.6%
Percent Under Contract ........................................
8.8%
31.3%
254.2%
Average Median Price for Last 12 Months ........
$498,000
$490,192
-1.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$674
(in hundred thousands)
$781
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$490,192
PROPERTIES FOR SALE
16
DAYS ON MARKET**
50
shadow inventory
106
(90028, 90038, 90068 Zip Codes)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Hollywood Hil s East DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$897,500
$910,000
1.4%
Average Price per Square Foot ...........................
$411
$436
6.1%
Properties Sold .......................................................
8
15
87.5%
Properties Pending Sale .......................................
11
18
63.6%
Properties For Sale ................................................
94
75
-20.2%
Days on Market (Pending Sale) ...........................
46
30
-34.8%
Month’s Supply of Inventory ................................
8.5
5.0
-41.5%
Percent Under Contract ........................................
11.7%
24.0%
105.1%
Average Median Price for Last 12 Months ........
$880,000
$906,462
2.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$910
$898
(in hundred thousands)
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$906,462
PROPERTIES FOR SALE
75
DAYS ON MARKET**
59
shadow inventory
18
(90029 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Los Feliz DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$965,000
$1,062,000
10.1%
Average Price per Square Foot ...........................
$462
$524
13.4%
Properties Sold .......................................................
24
16
-33.3%
Properties Pending Sale .......................................
15
24
60.0%
Properties For Sale ................................................
114
93
-18.4%
Days on Market (Pending Sale) ...........................
59
52
-11.9%
Month’s Supply of Inventory ................................
7.6
5.8
-23.5%
Percent Under Contract ........................................
13.2%
25.8%
96.1%
Average Median Price for Last 12 Months ........
$984,000
$930,113
-5.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.062
M E D I A N
S A L E S
(in hundred thousands)
$965
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$930,113
PROPERTIES FOR SALE
93
DAYS ON MARKET**
50
shadow inventory
36
(90027 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Malibu DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$1,640,000
$1,662,500
1.4%
Average Price per Square Foot ...........................
$512
$432
-15.6%
Properties Sold .......................................................
11
10
-9.1%
Properties Pending Sale .......................................
13
19
46.2%
Properties For Sale ................................................
322
205
-36.3%
Days on Market (Pending Sale) ...........................
138
150
8.7%
Month’s Supply of Inventory ................................
29.3
20.5
-30.0%
Percent Under Contract ........................................
4.0%
9.3%
129.6%
Average Median Price for Last 12 Months ........
$2,023,000
$1,769,501
-14.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.663
$1.640
(in hundred thousands)
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$1,769,501
PROPERTIES FOR SALE
205
DAYS ON MARKET**
138
SHADOW INVENTORY
78
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Malibu Beach DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$4,170,000
$2,800,000
-32.9%
Average Price per Square Foot ...........................
$1,164
$1,513
30.0%
Properties Sold .......................................................
2
5
150.0%
Properties Pending Sale .......................................
3
9
200.0%
Properties For Sale ................................................
124
102
-17.7%
Days on Market (Pending Sale) ...........................
94
125
33.0%
Month’s Supply of Inventory ................................
62.0
20.4
-67.1%
Percent Under Contract ........................................
2.4%
8.8%
264.7%
Average Median Price for Last 12 Months ........
$5,199,000
$5,920,896
12.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$4.170 $2.800
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
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**
$5,920,896
PROPERTIES FOR SALE
102
DAYS ON MARKET**
189
SHADOW INVENTORY
9
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Marina del Rey DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$480,000
$1,370,000
185.4%
Average Price per Square Foot ...........................
$603
$464
-23.1%
Properties Sold .......................................................
3
8
166.7%
Properties Pending Sale .......................................
3
2
-33.3%
Properties For Sale ................................................
46
21
-54.3%
Days on Market (Pending Sale) ...........................
44
60
36.4%
Month’s Supply of Inventory ................................
15.3
2.6
-82.9%
Percent Under Contract ........................................
6.5%
9.5%
46.0%
Average Median Price for Last 12 Months ........
$1,162,000
$1,137,482
-2.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$1.370
P R I C E
yearly trend
AUG
M E D I A N
$480
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$1,137,482
PROPERTIES FOR SALE
21
DAYS ON MARKET**
69
SHADOW INVENTORY
8
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Mid Los Angeles DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$290,000
$322,000
11.0%
Average Price per Square Foot ...........................
$186
$227
22.0%
Properties Sold .......................................................
21
17
-19.0%
Properties Pending Sale .......................................
19
27
42.1%
Properties For Sale ................................................
121
68
-43.8%
Days on Market (Pending Sale) ...........................
79
32
-59.5%
Month’s Supply of Inventory ................................
5.8
4.0
-30.6%
Percent Under Contract ........................................
15.7%
39.7%
152.9%
Average Median Price for Last 12 Months ........
$307,000
$293,200
-4.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$322
M E D I A N
S A L E S
(in hundred thousands)
$290
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$293,200
PROPERTIES FOR SALE
68
DAYS ON MARKET**
60
shadow inventory
131 (90019 Zip Code) **12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Mid Wilshire DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$495,000
$445,000
-10.1%
Average Price per Square Foot ...........................
$207
$197
-4.8%
Properties Sold .......................................................
5
6
20.0%
Properties Pending Sale .......................................
5
9
80.0%
Properties For Sale ................................................
25
16
-36.0%
Days on Market (Pending Sale) ...........................
27
46
70.4%
Month’s Supply of Inventory ................................
5.0
2.7
-46.7%
Percent Under Contract ........................................
20.0%
56.3%
181.3%
Average Median Price for Last 12 Months ........
$447,000
$399,709
-11.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$495
M E D I A N
S A L E S
(in hundred thousands)
$393
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$399,709
PROPERTIES FOR SALE
16
DAYS ON MARKET**
17
shadow inventory
34
(90036 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Pacific Palisades DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$1,639,650
$2,275,000
38.7%
Average Price per Square Foot ...........................
$636
$777
22.2%
Properties Sold .......................................................
28
25
-10.7%
Properties Pending Sale .......................................
16
27
68.8%
Properties For Sale ................................................
192
151
-21.4%
Days on Market (Pending Sale) ...........................
53
48
-9.4%
Month’s Supply of Inventory ................................
6.9
6.0
-11.9%
Percent Under Contract ........................................
8.3%
17.9%
114.6%
Average Median Price for Last 12 Months ........
$1,751,000
$1,845,576
5.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$2.275
P R I C E
yearly trend
M E D I A N
$1.640
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$1,845,576
PROPERTIES FOR SALE
151
DAYS ON MARKET**
64
SHADOW INVENTORY
39
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Palms - Mar Vista DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$715,000
$740,000
3.5%
Average Price per Square Foot ...........................
$480
$454
-5.4%
Properties Sold .......................................................
36
23
-36.1%
Properties Pending Sale .......................................
29
28
-3.4%
Properties For Sale ................................................
156
75
-51.9%
Days on Market (Pending Sale) ...........................
31
37
19.4%
Month’s Supply of Inventory ................................
4.3
3.3
-24.7%
Percent Under Contract ........................................
18.6%
37.3%
100.8%
Average Median Price for Last 12 Months ........
$737,000
$746,462
1.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$740
$715
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$746,462
PROPERTIES FOR SALE
75
DAYS ON MARKET**
53
shadow inventory
100
(90066, 90034 Zip Codes)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Playa del Rey DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$1,450,000
$850,500
-41.3%
Average Price per Square Foot ...........................
$340
$517
52.1%
Properties Sold .......................................................
1
6
500.0%
Properties Pending Sale .......................................
4
3
-25.0%
Properties For Sale ................................................
27
11
-59.3%
Days on Market (Pending Sale) ...........................
51
102
100.0%
Month’s Supply of Inventory ................................
27.0
1.8
-93.2%
Percent Under Contract ........................................
14.8%
27.3%
84.1%
Average Median Price for Last 12 Months ........
$1,055,000
$915,354
-15.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$851
S A L E S
$1.450
(in hundred thousands)
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$915,354
PROPERTIES FOR SALE
11
DAYS ON MARKET**
62
SHADOW INVENTORY
14
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Playa Vista DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$943,750
$940,750
-0.3%
Average Price per Square Foot ...........................
$327
$301
-8.0%
Properties Sold .......................................................
2
2
0.0%
Properties Pending Sale .......................................
1
2
100.0%
Properties For Sale ................................................
5
4
-20.0%
Days on Market (Pending Sale) ...........................
18
64
255.6%
Month’s Supply of Inventory ................................
2.5
2.0
-20.0%
Percent Under Contract ........................................
20.0%
50.0%
150.0%
Average Median Price for Last 12 Months ........
$1,002,000
$1,028,944
2.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
$941
M E D I A N
$944
(in hundred thousands)
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$1,028,944
PROPERTIES FOR SALE
4
DAYS ON MARKET**
48
shadow inventory
0
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Santa Monica DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$1,350,000
$1,725,000
27.8%
Average Price per Square Foot ...........................
$754
$797
5.7%
Properties Sold .......................................................
23
23
0.0%
Properties Pending Sale .......................................
18
26
44.4%
Properties For Sale ................................................
142
111
-21.8%
Days on Market (Pending Sale) ...........................
61
57
-6.6%
Month’s Supply of Inventory ................................
6.2
4.8
-21.8%
Percent Under Contract ........................................
12.7%
23.4%
84.8%
Average Median Price for Last 12 Months ........
$1,587,000
$1,714,716
7.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.350
S A L E S
$1.725
(in hundred thousands)
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$1,714,716
PROPERTIES FOR SALE
111
DAYS ON MARKET**
59
SHADOW INVENTORY
36
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Sunset Strip - Hollywood Hil s West DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$1,165,000
$1,300,000
11.6%
Average Price per Square Foot ...........................
$665
$583
-12.3%
Properties Sold .......................................................
25
41
64.0%
Properties Pending Sale .......................................
32
34
6.3%
Properties For Sale ................................................
326
259
-20.6%
Days on Market (Pending Sale) ...........................
65
78
20.0%
Month’s Supply of Inventory ................................
13.0
6.3
-51.6%
Percent Under Contract ........................................
9.8%
13.1%
33.7%
Average Median Price for Last 12 Months ........
$1,282,000
$1,285,381
0.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$1.300
$1.165
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$1,285,381
PROPERTIES FOR SALE
259
DAYS ON MARKET**
72
shadow inventory
97
(90028, 90068 Zip Codes)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Venice DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$975,000
$1,000,000
2.6%
Average Price per Square Foot ...........................
$660
$637
-3.5%
Properties Sold .......................................................
24
28
16.7%
Properties Pending Sale .......................................
12
23
91.7%
Properties For Sale ................................................
129
76
-41.1%
Days on Market (Pending Sale) ...........................
54
56
3.7%
Month’s Supply of Inventory ................................
5.4
2.7
-49.5%
Percent Under Contract ........................................
9.3%
30.3%
225.3%
Average Median Price for Last 12 Months ........
$923,000
$1,073,200
16.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$1.000
$975
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$1,073,200
PROPERTIES FOR SALE
76
DAYS ON MARKET**
63
SHADOW INVENTORY
36
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
West Hollywood DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$770,000
$980,000
27.3%
Average Price per Square Foot ...........................
$560
$551
-1.6%
Properties Sold .......................................................
12
8
-33.3%
Properties Pending Sale .......................................
7
9
28.6%
Properties For Sale ................................................
81
45
-44.4%
Days on Market (Pending Sale) ...........................
43
44
2.3%
Month’s Supply of Inventory ................................
6.8
5.6
-16.7%
Percent Under Contract ........................................
8.6%
20.0%
131.4%
Average Median Price for Last 12 Months ........
$844,000
$929,020
9.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$980
P R I C E
yearly trend
M E D I A N
$770
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$929,020
PROPERTIES FOR SALE
45
DAYS ON MARKET**
56
SHADOW INVENTORY
16
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
West Los Angeles DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$625,000
$667,000
6.7%
Average Price per Square Foot ...........................
$472
$401
-15.0%
Properties Sold .......................................................
9
2
-77.8%
Properties Pending Sale .......................................
7
9
28.6%
Properties For Sale ................................................
32
26
-18.8%
Days on Market (Pending Sale) ...........................
50
52
4.0%
Month’s Supply of Inventory ................................
3.6
13.0
265.6%
Percent Under Contract ........................................
21.9%
34.6%
58.2%
Average Median Price for Last 12 Months ........
$640,000
$606,954
-5.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$667
$625
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$606,954
PROPERTIES FOR SALE
26
DAYS ON MARKET**
44
Shaodw inventory
18
(90025 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Westchester DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$632,000
$685,000
8.4%
Average Price per Square Foot ...........................
$425
$448
5.4%
Properties Sold .......................................................
12
21
75.0%
Properties Pending Sale .......................................
20
33
65.0%
Properties For Sale ................................................
89
77
-13.5%
Days on Market (Pending Sale) ...........................
42
35
-16.7%
Month’s Supply of Inventory ................................
7.4
3.7
-50.6%
Percent Under Contract ........................................
22.5%
42.9%
90.7%
Average Median Price for Last 12 Months ........
$652,000
$623,887
-4.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$685
M E D I A N
S A L E S
(in hundred thousands)
$632
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$623,887
PROPERTIES FOR SALE
77
DAYS ON MARKET**
42
shadow inventory
98
(90045 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Westwood - Century City DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$1,130,500
$1,341,900
18.7%
Average Price per Square Foot ...........................
$532
$599
12.6%
Properties Sold .......................................................
16
19
18.8%
Properties Pending Sale .......................................
8
19
137.5%
Properties For Sale ................................................
91
70
-23.1%
Days on Market (Pending Sale) ...........................
48
48
0.0%
Month’s Supply of Inventory ................................
5.7
3.7
-35.2%
Percent Under Contract ........................................
8.8%
27.1%
208.8%
Average Median Price for Last 12 Months ........
$1,310,000
$1,268,929
-3.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$1.342
P R I C E
yearly trend
M E D I A N
$1.131
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$1,268,929
PROPERTIES FOR SALE
70
DAYS ON MARKET**
45
shadow inventory
9
(90024, 90067 Zip Codes)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
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References
CONTACTS:
Zachariah Kahn Research & Data Designer, Teles Intelligence zach@telesintelligence.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 AUGUST 2012 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2012 Teles Properties, Inc. Teles Properties is a registered trademark.