Teles intelligence
micro market report orange county AUGUST 2012 | SINGLE FAMILY HOMES REPORT
EfďŹ cient Financial security, expert staffing, advanced technology and personalized service. Portfolio Escrow, Inc. is driven to be a leading force in the escrow industry.
> >
424.203.1841 p o r t f o l i o e s c r o w. c o m
Š 2011 Portfolio Escrow, Inc. All Rights Reserved
Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on Market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
Median Price:
Days of market (Pending Sale):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
Month’s Supply of Inventory:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
Average Price per Square Foot:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
Percent Under Contract:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
Properties Sold:
The number of property transactions
Average Median Price for Last 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
Properties Pending Sale:
ending in the identified month
The number of properties that entered escrow in preparation for sale.
Shadow Inventory:
Properties in Pre-Foreclosure, Bank Properties For Sale:
Owned or Auction as identified by
The number of properties on the
ForeclosureRadar.com
market and seeking buyers.
orange county
san fern
south b
Orange Country Macro Market
East Bluff - Harbor View
Irvine
Balboa Peninsula
East Costa Mesa
Laguna Beach (all areas)
Corona del Mar - Spyglass
Fountain Valley
Lower Newport Bay - Balb
Crystal Cove
Huntington Beach
Newport Beach (all areas)
Micro Market Report : August 2012
telesintelligence.com
nando
san gabriel
bay
los angeles Newport Coast
West Newport - Lido
Newport Heights
Westminster
boa Island
Turtle Ridge
)
West Bay - Santa Ana Heights
August 2012 : Micro Market Report
Orange County Macro Market DATA*
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$1,391,138
$1,565,875
12.6%
Average Price per Square Foot ...........................
$552
$601
8.8%
Properties Sold .......................................................
384
501
30.5%
Properties Pending Sale .......................................
400
608
52.0%
Properties For Sale ................................................
3534
2328
-34.1%
Days on Market (Pending Sale) ...........................
116
77
-33.4%
Month’s Supply of Inventory ................................
9.2
4.6
-49.5%
Percent Under Contract ........................................
11.3%
26.1%
130.7%
Average Median Price for Last 12 Months ........
$1,492,647
$1,437,805
-3.7%
*Information obtained from Broker Metrics, SOCAL MLS and Foreclosure Radar for all areas in Orange County Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.566
M E D I A N
S A L E S
(in hundred thousands)
$1.391
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
Balboa Peninsula DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$3,650,000
$2,237,500
-38.7%
Average Price per Square Foot ...........................
$996
$1,168
17.3%
Properties Sold .......................................................
4
8
100.0%
Properties Pending Sale .......................................
3
12
300.0%
Properties For Sale ................................................
63
68
7.9%
Days on Market (Pending Sale) ...........................
249
156
-37.3%
Month’s Supply of Inventory ................................
15.8
8.5
-46.0%
Percent Under Contract ........................................
4.8%
17.6%
270.6%
Average Median Price for Last 12 Months ........
$2,179,000
$2,413,823
10.8%
*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
$2.238
S A L E S
$3.650
(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**
$2,413,823
PROPERTIES FOR SALE
68
DAYS ON MARKET**
149
SHADOW INVENTORY
8
(92663, 92661 Zip Codes)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Corona del Mar - Spyglass DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$1,737,000
$2,200,000
26.7%
Average Price per Square Foot ...........................
$745
$939
26.0%
Properties Sold .......................................................
11
17
54.5%
Properties Pending Sale .......................................
14
24
71.4%
Properties For Sale ................................................
141
99
-29.8%
Days on Market (Pending Sale) ...........................
76
82
7.9%
Month’s Supply of Inventory ................................
12.8
5.8
-54.6%
Percent Under Contract ........................................
9.9%
24.2%
144.2%
Average Median Price for Last 12 Months ........
$1,856,000
$1,802,592
-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.
$2.200
M E D I A N
S A L E S
(in hundred thousands)
$1.737
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**
$1,802,592
PROPERTIES FOR SALE
99
DAYS ON MARKET**
107
SHADOW INVENTORY
29
(92625 Zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Crystal Cove DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$3,450,000
$3,625,000
5.1%
Average Price per Square Foot ...........................
$744
$938
26.1%
Properties Sold .......................................................
1
3
200.0%
Properties Pending Sale .......................................
0
2
N/A
Properties For Sale ................................................
30
22
-26.7%
Days on Market (Pending Sale) ...........................
0
71
N/A
Month’s Supply of Inventory ................................
30.0
7.3
-75.6%
Percent Under Contract ........................................
0.0%
9.1%
N/A
Average Median Price for Last 12 Months ........
$4,190,000
$3,776,188
-9.9%
*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
$3.625
$3.450
(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**
$3,776,188
PROPERTIES FOR SALE
22
DAYS ON MARKET**
116
SHADOW INVENTORY
43
(92657 zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
East Bluff - Harbor View DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$1,353,000
$1,350,000
-0.2%
Average Price per Square Foot ...........................
$528
$555
5.1%
Properties Sold .......................................................
23
23
0.0%
Properties Pending Sale .......................................
23
27
17.4%
Properties For Sale ................................................
163
109
-33.1%
Days on Market (Pending Sale) ...........................
142
113
-20.4%
Month’s Supply of Inventory ................................
7.1
4.7
-33.1%
Percent Under Contract ........................................
14.1%
24.8%
75.5%
Average Median Price for Last 12 Months ........
$1,412,000
$1,369,538
-3.0%
*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 M E D I A N
$1.350
(in hundred thousands)
$1.353
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**
$1,369,538
PROPERTIES FOR SALE
109
DAYS ON MARKET**
102
SHADOW INVENTORY
90
(92660 zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
East Costa Mesa DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$659,000
$658,000
-0.2%
Average Price per Square Foot ...........................
$395
$366
-7.3%
Properties Sold .......................................................
7
11
57.1%
Properties Pending Sale .......................................
11
13
18.2%
Properties For Sale ................................................
80
61
-23.8%
Days on Market (Pending Sale) ...........................
109
92
-15.6%
Month’s Supply of Inventory ................................
11.4
5.5
-51.5%
Percent Under Contract ........................................
13.8%
21.3%
55.0%
Average Median Price for Last 12 Months ........
$643,000
$655,423
1.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$659
M E D I A N
S A L E S
(in hundred thousands)
$658
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**
$655,423
PROPERTIES FOR SALE
61
DAYS ON MARKET**
85
SHADOW INVENTORY
88
(92627 zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Fountain Valley DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$554,500
$555,000
0.1%
Average Price per Square Foot ...........................
$284
$292
2.8%
Properties Sold .......................................................
22
37
68.2%
Properties Pending Sale .......................................
22
33
50.0%
Properties For Sale ................................................
160
83
-48.1%
Days on Market (Pending Sale) ...........................
96
40
-58.3%
Month’s Supply of Inventory ................................
7.3
2.2
-69.2%
Percent Under Contract ........................................
13.8%
39.8%
189.2%
Average Median Price for Last 12 Months ........
$567,000
$545,385
-3.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$555
M E D I A N
S A L E S
(in hundred thousands)
$555
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**
$545,385
PROPERTIES FOR SALE
83
DAYS ON MARKET**
72
SHADOW INVENTORY
137
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Huntington Beach DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$618,750
$596,250
-3.6%
Average Price per Square Foot ...........................
$336
$359
6.8%
Properties Sold .......................................................
94
106
12.8%
Properties Pending Sale .......................................
97
151
55.7%
Properties For Sale ................................................
667
416
-37.6%
Days on Market (Pending Sale) ...........................
111
58
-47.7%
Month’s Supply of Inventory ................................
7.1
3.9
-44.7%
Percent Under Contract ........................................
14.5%
36.3%
149.6%
Average Median Price for Last 12 Months ........
$611,000
$603,067
-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.
$619
M E D I A N
S A L E S
(in hundred thousands)
$596
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**
$603,067
PROPERTIES FOR SALE
416
DAYS ON MARKET**
90
SHADOW INVENTORY
370
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Irvine DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$691,000
$742,500
7.5%
Average Price per Square Foot ...........................
$361
$380
5.3%
Properties Sold .......................................................
77
112
45.5%
Properties Pending Sale .......................................
65
107
64.6%
Properties For Sale ................................................
552
354
-35.9%
Days on Market (Pending Sale) ...........................
94
57
-39.4%
Month’s Supply of Inventory ................................
7.2
3.2
-55.9%
Percent Under Contract ........................................
11.8%
30.2%
156.7%
Average Median Price for Last 12 Months ........
$731,000
$714,530
-2.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$743
M E D I A N
S A L E S
(in hundred thousands)
$691
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**
$714,530
PROPERTIES FOR SALE
354
DAYS ON MARKET**
88
SHADOW INVENTORY
289
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Laguna Beach DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$1,022,500
$1,500,000
46.7%
Average Price per Square Foot ...........................
$749
$767
2.4%
Properties Sold .......................................................
16
34
112.5%
Properties Pending Sale .......................................
24
43
79.2%
Properties For Sale ................................................
384
248
-35.4%
Days on Market (Pending Sale) ...........................
158
114
-27.8%
Month’s Supply of Inventory ................................
24.0
7.3
-69.6%
Percent Under Contract ........................................
6.3%
17.3%
177.4%
Average Median Price for Last 12 Months ........
$1,221,000
$1,278,085
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.
S A L E S
(in hundred thousands)
$1.500
P R I C E
yearly trend
M E D I A N
$1.023
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**
$1,278,085
PROPERTIES FOR SALE
248
DAYS ON MARKET**
143
SHADOW INVENTORY
81
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Lower Newport Bay - Balboa Island DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$1,975,000
$2,090,000
5.8%
Average Price per Square Foot ...........................
$872
$1,098
25.9%
Properties Sold .......................................................
4
8
100.0%
Properties Pending Sale .......................................
7
8
14.3%
Properties For Sale ................................................
69
49
-29.0%
Days on Market (Pending Sale) ...........................
154
59
-61.7%
Month’s Supply of Inventory ................................
17.3
6.1
-64.5%
Percent Under Contract ........................................
10.1%
16.3%
60.9%
Average Median Price for Last 12 Months ........
$2,190,000
$2,032,000
-7.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$2.090
M E D I A N
S A L E S
(in hundred thousands)
$1.975
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**
$2,032,000
PROPERTIES FOR SALE
49
DAYS ON MARKET**
117
SHADOW INVENTORY
49
(92660, 92662, 92663 Zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Newport Beach DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$1,426,875
$1,500,000
5.1%
Average Price per Square Foot ...........................
$648
$735
13.4%
Properties Sold .......................................................
46
62
34.8%
Properties Pending Sale .......................................
55
80
45.5%
Properties For Sale ................................................
534
383
-28.3%
Days on Market (Pending Sale) ...........................
162
104
-35.8%
Month’s Supply of Inventory ................................
11.6
6.2
-46.8%
Percent Under Contract ........................................
10.3%
20.9%
102.8%
Average Median Price for Last 12 Months ........
$1,389,000
$1,341,644
-3.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.500
M E D I A N
S A L E S
(in hundred thousands)
$1.427
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**
$1,341,644
PROPERTIES FOR SALE
383
DAYS ON MARKET**
118
SHADOW INVENTORY
160
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Newport Coast DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$1,802,000
$2,470,000
37.1%
Average Price per Square Foot ...........................
$580
$684
17.9%
Properties Sold .......................................................
12
17
41.7%
Properties Pending Sale .......................................
11
14
27.3%
Properties For Sale ................................................
167
111
-33.5%
Days on Market (Pending Sale) ...........................
83
57
-31.3%
Month’s Supply of Inventory ................................
13.9
6.5
-53.1%
Percent Under Contract ........................................
6.6%
12.6%
91.5%
Average Median Price for Last 12 Months ........
$2,082,000
$1,890,942
-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.
(in hundred thousands)
$2.470
P R I C E
yearly trend
M E D I A N
S A L E S
$1.802
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**
$1,890,942
PROPERTIES FOR SALE
111
DAYS ON MARKET**
98
SHADOW INVENTORY
31
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Newport Heights DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$1,216,100
$1,399,000
15.0%
Average Price per Square Foot ...........................
$484
$458
-5.4%
Properties Sold .......................................................
4
3
-25.0%
Properties Pending Sale .......................................
2
7
250.0%
Properties For Sale ................................................
43
30
-30.2%
Days on Market (Pending Sale) ...........................
98
40
-59.2%
Month’s Supply of Inventory ................................
10.75
10.0
-7.0%
Percent Under Contract ........................................
4.7%
23.3%
401.7%
Average Median Price for Last 12 Months ........
$1,332,000
$1,114,777
-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.
$1.399
M E D I A N
S A L E S
(in hundred thousands)
$1.216
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**
$1,114,777
PROPERTIES FOR SALE
30
DAYS ON MARKET**
101
SHADOW INVENTORY
46
(92663 zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Turtle Ridge DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$2,137,500
$2,112,500
-1.2%
Average Price per Square Foot ...........................
$441
$510
15.6%
Properties Sold .......................................................
2
6
200.0%
Properties Pending Sale .......................................
4
7
75.0%
Properties For Sale ................................................
36
29
-19.4%
Days on Market (Pending Sale) ...........................
102
106
3.9%
Month’s Supply of Inventory ................................
18.0
4.8
-73.1%
Percent Under Contract ........................................
11.1%
24.1%
117.2%
Average Median Price for Last 12 Months ........
$1,850,000
$1,893,692
2.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$2.138
M E D I A N
S A L E S
(in hundred thousands)
$2.113
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**
$1,893,692
PROPERTIES FOR SALE
29
DAYS ON MARKET**
130
SHADOW INVENTORY
54
(92603 zip codes)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
West Bay - Santa Ana Heights DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$913,500
$1,235,000
35.2%
Average Price per Square Foot ...........................
$411
$518
26.0%
Properties Sold .......................................................
6
12
100.0%
Properties Pending Sale .......................................
13
14
7.7%
Properties For Sale ................................................
95
64
-32.6%
Days on Market (Pending Sale) ...........................
174
104
-40.2%
Month’s Supply of Inventory ................................
15.8
5.3
-66.3%
Percent Under Contract ........................................
13.7%
21.9%
59.9%
Average Median Price for Last 12 Months ........
$1,099,000
$1,139,068
3.6%
*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 M E D I A N
$914
(in hundred thousands)
$1.235
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**
$1,139,068
PROPERTIES FOR SALE
64
DAYS ON MARKET**
108
SHADOW INVENTORY
90
(92660 zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
West Newport - Lido DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$1,413,750
$3,500,000
147.6%
Average Price per Square Foot ...........................
$1,106
$791
-28.5%
Properties Sold .......................................................
5
7
40.0%
Properties Pending Sale .......................................
7
12
71.4%
Properties For Sale ................................................
100
63
-37.0%
Days on Market (Pending Sale) ...........................
193
96
-50.3%
Month’s Supply of Inventory ................................
20.0
9.0
-55.0%
Percent Under Contract ........................................
7.0%
19.0%
172.1%
Average Median Price for Last 12 Months ........
$1,607,000
$1,479,191
-8.0%
*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)
$3.500
P R I C E
yearly trend
AUG
M E D I A N
$1.414
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$1,479,191
PROPERTIES FOR SALE
63
DAYS ON MARKET**
143
SHADOW INVENTORY
46
(92663 zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Westminster DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$420,000
$415,000
-1.2%
Average Price per Square Foot ...........................
$261
$257
-1.5%
Properties Sold .......................................................
50
35
-30.0%
Properties Pending Sale .......................................
42
54
28.6%
Properties For Sale ................................................
250
139
-44.4%
Days on Market (Pending Sale) ...........................
91
44
-51.6%
Month’s Supply of Inventory ................................
5.0
4.0
-20.6%
Percent Under Contract ........................................
16.8%
38.8%
131.2%
Average Median Price for Last 12 Months ........
$416,000
$392,731
-5.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$420
M E D I A N
S A L E S
(in hundred thousands)
$415
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**
$392,731
PROPERTIES FOR SALE
139
DAYS ON MARKET**
78
SHADOW INVENTORY
179
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Navigating Solutions. At Riviera Financial, the business of real estate finance is about much more than loans. It is about offering diverse and competitive products; advising borrowers to make informed choices to support and protect their security; providing extraordinarily thorough customer care; and navigating solutions. Our customers expect and deserve the highest level of service and performance in all of their borrowing activities. When it comes to dedicated, comprehensive real estate finance, Riviera Financial delivers.
Get the full lending experience at rivierafinancial.com or contact a loan professional by calling 424.203.1850
r i v i e r a f i n a n c i a l . c o m 4 Locations to Serve You | Beverly Hills, Brentwood, Newport Beach & Pasadena Riviera Financial dba Mortgage Capital Partners, Inc. NMLS#239902 California Real Estate #00931610
References
CONTACTS:
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.