Teles intelligence
micro market report los angeles August 2013 | SINGLE FAMILY HOMES REPORT
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
Median Price:
Days of market (Pending Sale):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
Month’s Supply of Inventory:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
Average Price per Square Foot:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
Percent Under Contract:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
Properties Sold:
The number of property transactions
Average Median Price for Last 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
Properties Pending Sale:
ending in the identified month
The number of properties that entered escrow in preparation for sale.
Shadow Inventory:
Properties in Pre-Foreclosure, Bank Properties For Sale:
Owned or Auction as identified by
The number of properties on the
ForeclosureRadar.com
market and seeking buyers.
los angeles
orange
san gab
Los Angeles Macro Market
Brentwood
Laurel Canyon
Bel Air - Holmby Hills
Cheviot Hills - Rancho Park
Los Feliz
Beverly Center - Miracle Mile
Culver City
Malibu
Beverly Hills
Hancock Park - Wilshire
Malibu Beach
Beverly Hills P.O.
Hollywood
Marina del Rey
Beverlywood
Hollywood Hills East
Mid Los Angeles
Micro Market Report : August 2013
telesintelligence.com
e county
san fernando
briel
south bay Mid Wilshire
Sunset Strip - Hollywood Hills West
Pacific Palisades
Venice
Palms - Mar Vista
West Hollywood
Playa del Rey
West Los Angeles
Playa Vista
Westchester
Santa Monica
Westwood - Century City
August 2013 : Micro Market Report
Los Angeles County DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$655,900
$876,000
33.6%
Average Price per Square Foot ...........................
$462
$587
27.1%
Properties Sold .......................................................
872
802
-8.0%
Properties Pending Sale .......................................
883
883
0.0%
Properties For Sale ................................................
4,304
3,697
-14.1%
Days on Market (Pending Sale) ...........................
73
46
-37.0%
Month’s Supply of Inventory ................................
4.9
4.6
-6.6%
Percent Under Contract ........................................
20.5%
23.9%
16.4%
Average Median Price for Last 12 Months ........
$583,000
$740,800
21.3%
*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)
$876
P R I C E
yearly trend
M E D I A N
S A L E S
$655
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Bel-Air Holmby Hills DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$1,450,000
$1,900,000
31.0%
Average Price per Square Foot ...........................
$502
$881
75.5%
Properties Sold .......................................................
11
15
36.4%
Properties Pending Sale .......................................
12
18
50.0%
Properties For Sale ................................................
138
126
-8.7%
Days on Market (Pending Sale) ...........................
74
51
-31.1%
Month’s Supply of Inventory ................................
12.5
8.4
-33.0%
Percent Under Contract ........................................
8.7%
13.2%
51.6%
Average Median Price for Last 12 Months ........
$1,975,000
$1,887,276
-4.6%
*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
$1.450
S A L E S
$1.900
(in hundred thousands)
P R I C E
yearly trend
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$1,887,276
PROPERTIES FOR SALE
126
DAYS ON MARKET**
92
shadow inventory
18
(18.0)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Beverly Center - Miracle Mile DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$934,375
$1,160,000
24.1%
Average Price per Square Foot ...........................
$488
$606
24.2%
Properties Sold .......................................................
22
24
9.1%
Properties Pending Sale .......................................
20
24
20.0%
Properties For Sale ................................................
69
56
-18.8%
Days on Market (Pending Sale) ...........................
62
63
1.6%
Month’s Supply of Inventory ................................
3.1
2.3
-25.6%
Percent Under Contract ........................................
29.0%
42.9%
47.9%
Average Median Price for Last 12 Months ........
$897,000
$1,079,837
16.9%
*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)
$1.160
P R I C E
yearly trend
M E D I A N
S A L E S
$934
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$1,079,837
PROPERTIES FOR SALE
56
DAYS ON MARKET**
54
shadow inventory
9
(9.0)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Beverly Hills DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$3,825,000
$5,255,000
37.4%
Average Price per Square Foot ...........................
$762
$1,189
56.0%
Properties Sold .......................................................
12
21
75.0%
Properties Pending Sale .......................................
18
18
0.0%
Properties For Sale ................................................
149
105
-29.5%
Days on Market (Pending Sale) ...........................
108
68
-37.0%
Month’s Supply of Inventory ................................
12.4
5
-59.7%
Percent Under Contract ........................................
12.1%
17.1%
41.9%
Average Median Price for Last 12 Months ........
$3,685,000
$4,270,233
13.7%
*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.
S A L E S
(in hundred thousands)
$5.255
P R I C E
yearly trend
M E D I A N
$3.825
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$4,270,233
PROPERTIES FOR SALE
105
DAYS ON MARKET**
89
shadow inventory
37
(37.0)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Beverly Hills- Post Office DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$2,425,000
$2,390,000
-1.4%
Average Price per Square Foot ...........................
$631
$691
9.5%
Properties Sold .......................................................
11
12
9.1%
Properties Pending Sale .......................................
10
14
40.0%
Properties For Sale ................................................
129
123
-4.7%
Days on Market (Pending Sale) ...........................
87
68
-21.8%
Month’s Supply of Inventory ................................
11.7
10.2
-12.6%
Percent Under Contract ........................................
7.8%
11.4%
46.8%
Average Median Price for Last 12 Months ........
$1,960,000
$2,024,876
3.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$2.425
M E D I A N
S A L E S
(in hundred thousands)
$2.390
P R I C E
yearly trend
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$2,024,876
PROPERTIES FOR SALE
123
DAYS ON MARKET**
79
shadow inventory
35
(35.0)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Beverlywood DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$850,000
$750,000
-11.8%
Average Price per Square Foot ...........................
$504
$505
0.2%
Properties Sold .......................................................
19
13
-31.6%
Properties Pending Sale .......................................
15
15
0.0%
Properties For Sale ................................................
57
54
-5.3%
Days on Market (Pending Sale) ...........................
43
44
2.3%
Month’s Supply of Inventory ................................
3
4.2
38.5%
Percent Under Contract ........................................
26.3%
27.8%
5.6%
Average Median Price for Last 12 Months ........
$766,000
$793,678
3.5%
*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
$750
(in hundred thousands)
$850
P R I C E
yearly trend
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$793,678
PROPERTIES FOR SALE
54
DAYS ON MARKET**
51
shadow inventory
13
(13.0)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Brentwood DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$2,500,000
$2,218,000
-11.3%
Average Price per Square Foot ...........................
$984
$814
-17.3%
Properties Sold .......................................................
25
22
-12.0%
Properties Pending Sale .......................................
20
15
-25.0%
Properties For Sale ................................................
122
100
-18.0%
Days on Market (Pending Sale) ...........................
61
48
-21.3%
Month’s Supply of Inventory ................................
4.9
4.5
-6.9%
Percent Under Contract ........................................
16.4%
15.0%
-8.5%
Average Median Price for Last 12 Months ........
$1,848,000
$2,179,543
15.2%
*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
$2.218
(in hundred thousands)
$2.500
P R I C E
yearly trend
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$2,179,543
PROPERTIES FOR SALE
100
DAYS ON MARKET**
68
shadow inventory
21
(21.0)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Cheviot Hills - Rancho Park DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$1,212,435
$1,343,750
10.8%
Average Price per Square Foot ...........................
$482
$616
27.8%
Properties Sold .......................................................
9
10
11.1%
Properties Pending Sale .......................................
3
9
200.0%
Properties For Sale ................................................
24
20
-16.7%
Days on Market (Pending Sale) ...........................
88
56
-36.4%
Month’s Supply of Inventory ................................
2.7
2
-25.0%
Percent Under Contract ........................................
12.5%
45.0%
260.0%
Average Median Price for Last 12 Months ........
$1,303,000
$1,335,418
2.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.343
$1.212
(in hundred thousands)
P R I C E
yearly trend
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$1,335,418
PROPERTIES FOR SALE
20
DAYS ON MARKET**
46
shadow inventory
13
(13.0)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Culver City DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$725,000
$849,000
17.1%
Average Price per Square Foot ...........................
$482
$504
4.6%
Properties Sold .......................................................
23
25
8.7%
Properties Pending Sale .......................................
20
23
15.0%
Properties For Sale ................................................
64
57
-10.9%
Days on Market (Pending Sale) ...........................
37
29
-21.6%
Month’s Supply of Inventory ................................
2.8
2.3
-18.1%
Percent Under Contract ........................................
31.2%
40.4%
29.1%
Average Median Price for Last 12 Months ........
$640,000
$743,274
13.9%
*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.
$849
M E D I A N
S A L E S
(in hundred thousands)
$725
P R I C E
yearly trend
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$743,274
PROPERTIES FOR SALE
57
DAYS ON MARKET**
44
shadow inventory
21
(21.0)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Hancock Park - Wilshire DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$925,500
$1,125,000
21.6%
Average Price per Square Foot ...........................
$462
$454
-1.7%
Properties Sold .......................................................
26
21
-19.2%
Properties Pending Sale .......................................
21
26
23.8%
Properties For Sale ................................................
100
99
-1.0%
Days on Market (Pending Sale) ...........................
92
51
-44.6%
Month’s Supply of Inventory ................................
3.8
4.7
22.6%
Percent Under Contract ........................................
21.0%
26.3%
25.1%
Average Median Price for Last 12 Months ........
$910,000
$1,100,851
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
$925
S A L E S
$1.125
(in hundred thousands)
P R I C E
yearly trend
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$1,100,851
PROPERTIES FOR SALE
99
DAYS ON MARKET**
63
shadow inventory
15
(15.0)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Hollywood DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$674,000
$744,000
10.4%
Average Price per Square Foot ...........................
$506
$395
-21.9%
Properties Sold .......................................................
5
4
-20.0%
Properties Pending Sale .......................................
4
3
-25.0%
Properties For Sale ................................................
18
20
11.1%
Days on Market (Pending Sale) ...........................
85
35
-58.8%
Month’s Supply of Inventory ................................
3.6
5
38.9%
Percent Under Contract ........................................
22.2%
15.0%
-32.5%
Average Median Price for Last 12 Months ........
$490,000
$701,846
30.2%
*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
$744
$674
(in hundred thousands)
P R I C E
yearly trend
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$701,846
PROPERTIES FOR SALE
20
DAYS ON MARKET**
40
shadow inventory
28
(28.0)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Hollywood Hills East DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$917,500
$944,600
3.0%
Average Price per Square Foot ...........................
$448
$551
23.0%
Properties Sold .......................................................
16
18
12.5%
Properties Pending Sale .......................................
15
19
26.7%
Properties For Sale ................................................
76
61
-19.7%
Days on Market (Pending Sale) ...........................
45
40
-11.1%
Month’s Supply of Inventory ................................
5.1
3.4
-33.1%
Percent Under Contract ........................................
19.7%
31.1%
57.8%
Average Median Price for Last 12 Months ........
$908,000
$1,637,662
44.6%
*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.
$944
$917 Aug
Sep
Oct
Nov
Micro Market Report : August 2013
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**
$1,637,662
PROPERTIES FOR SALE
61
DAYS ON MARKET**
63
shadow inventory
5
(5.0)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Laurel Canyon DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$1,430,000
$1,279,615
-10.5%
Average Price per Square Foot ...........................
$625
$622
-0.5%
Properties Sold .......................................................
21
25
19.0%
Properties Pending Sale .......................................
12
14
16.7%
Properties For Sale ................................................
137
124
-9.5%
Days on Market (Pending Sale) ...........................
90
35
-61.1%
Month’s Supply of Inventory ................................
11.4
5
-56.6%
Percent Under Contract ........................................
8.8%
11.3%
28.9%
Average Median Price for Last 12 Months ........
$1,037,000
$1,188,263
12.7%
*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.
$1.430
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 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$1,188,263
PROPERTIES FOR SALE
124
DAYS ON MARKET**
66
shadow inventory
32
(32.0)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Los Feliz DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$1,050,000
$989,000
-5.8%
Average Price per Square Foot ...........................
$514
$543
5.6%
Properties Sold .......................................................
17
23
35.3%
Properties Pending Sale .......................................
22
14
-36.4%
Properties For Sale ................................................
95
62
-34.7%
Days on Market (Pending Sale) ...........................
75
79
5.3%
Month’s Supply of Inventory ................................
4.3
2.7
-37.6%
Percent Under Contract ........................................
23.2%
22.6%
-2.5%
Average Median Price for Last 12 Months ........
$929,000
$1,730,113
46.3%
*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.
$1.050
Aug
$989 Sep
Oct
Nov
Micro Market Report : August 2013
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**
$1,730,113
PROPERTIES FOR SALE
62
DAYS ON MARKET**
57
shadow inventory
24
(24.0)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Malibu DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$1,662,500
$2,025,000
21.8%
Average Price per Square Foot ...........................
$432
$775
79.4%
Properties Sold .......................................................
10
10
0.0%
Properties Pending Sale .......................................
17
20
17.6%
Properties For Sale ................................................
217
224
3.2%
Days on Market (Pending Sale) ...........................
179
98
-45.3%
Month’s Supply of Inventory ................................
21.7
22.4
3.2%
Percent Under Contract ........................................
7.8%
8.9%
14.0%
Average Median Price for Last 12 Months ........
$1,770,000
$1,889,269
6.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.662
(in hundred thousands)
$2.025
P R I C E
yearly trend
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$1,889,269
PROPERTIES FOR SALE
224
DAYS ON MARKET**
143
shadow inventory
37
(37.0)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Malibu Beach DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$2,400,000
$8,374,125
248.9%
Average Price per Square Foot ...........................
$1,352
$2,667
97.3%
Properties Sold .......................................................
6
4
-33.3%
Properties Pending Sale .......................................
7
2
-71.4%
Properties For Sale ................................................
103
79
-23.3%
Days on Market (Pending Sale) ...........................
153
108
-29.4%
Month’s Supply of Inventory ................................
17.2
19.8
15.0%
Percent Under Contract ........................................
6.8%
2.5%
-62.7%
Average Median Price for Last 12 Months ........
$5,888,000
$5,294,323
-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.
$2.400
Aug
S A L E S M E D I A N
$8.374
(in hundred thousands)
P R I C E
yearly trend
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$5,294,323
PROPERTIES FOR SALE
79
DAYS ON MARKET**
176
shadow inventory
3
(3.0)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Marina Del Rey DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$1,370,000
$1,250,000
-8.8%
Average Price per Square Foot ...........................
$464
$389
-16.2%
Properties Sold .......................................................
8
3
-62.5%
Properties Pending Sale .......................................
2
2
0.0%
Properties For Sale ................................................
22
21
-4.5%
Days on Market (Pending Sale) ...........................
72
65
-9.7%
Month’s Supply of Inventory ................................
2.8
7
154.5%
Percent Under Contract ........................................
9.1%
9.5%
4.8%
Average Median Price for Last 12 Months ........
$1,170,000
$1,569,494
25.5%
*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
$1.250
S A L E S
$1.370
(in hundred thousands)
P R I C E
yearly trend
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$1,569,494
PROPERTIES FOR SALE
21
DAYS ON MARKET**
70
shadow inventory
4
(4.0)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Mid Los Angeles DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$326,000
$435,000
33.4%
Average Price per Square Foot ...........................
$229
$302
31.9%
Properties Sold .......................................................
16
13
-18.8%
Properties Pending Sale .......................................
16
19
18.8%
Properties For Sale ................................................
64
83
29.7%
Days on Market (Pending Sale) ...........................
42
29
-31.0%
Month’s Supply of Inventory ................................
4
6.4
59.6%
Percent Under Contract ........................................
25.0%
22.9%
-8.4%
Average Median Price for Last 12 Months ........
$295,000
$395,185
25.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$326
S A L E S
$435
(in hundred thousands)
P R I C E
yearly trend
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$395,185
PROPERTIES FOR SALE
83
DAYS ON MARKET**
40
shadow inventory
45
(45.0)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Mid Wilshire DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$445,000
$500,000
12.4%
Average Price per Square Foot ...........................
$197
$285
44.7%
Properties Sold .......................................................
6
5
-16.7%
Properties Pending Sale .......................................
8
8
0.0%
Properties For Sale ................................................
19
24
26.3%
Days on Market (Pending Sale) ...........................
84
33
-60.7%
Month’s Supply of Inventory ................................
3.2
4.8
51.6%
Percent Under Contract ........................................
42.1%
33.3%
-20.8%
Average Median Price for Last 12 Months ........
$397,000
$411,438
3.5%
*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.
$500
M E D I A N
S A L E S
(in hundred thousands)
$445
P R I C E
yearly trend
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$411,438
PROPERTIES FOR SALE
24
DAYS ON MARKET**
42
shadow inventory
14
(14.0)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Pacific Palisades DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$2,200,000
$2,200,000
0.0%
Average Price per Square Foot ...........................
$782
$802
2.6%
Properties Sold .......................................................
26
37
42.3%
Properties Pending Sale .......................................
24
34
41.7%
Properties For Sale ................................................
154
119
-22.7%
Days on Market (Pending Sale) ...........................
73
64
-12.3%
Month’s Supply of Inventory ................................
5.9
3.2
-45.7%
Percent Under Contract ........................................
15.6%
28.6%
83.3%
Average Median Price for Last 12 Months ........
$1,849,000
$2,187,322
15.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$2.200
(in hundred thousands)
$2.200
P R I C E
yearly trend
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$2,187,322
PROPERTIES FOR SALE
119
DAYS ON MARKET**
74
shadow inventory
16
(16.0)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Palms - Mar Vista DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$740,000
$994,000
34.3%
Average Price per Square Foot ...........................
$454
$599
31.9%
Properties Sold .......................................................
23
26
13.0%
Properties Pending Sale .......................................
27
27
0.0%
Properties For Sale ................................................
77
69
-10.4%
Days on Market (Pending Sale) ...........................
56
29
-48.2%
Month’s Supply of Inventory ................................
3.3
2.7
-20.7%
Percent Under Contract ........................................
35.1%
39.1%
11.6%
Average Median Price for Last 12 Months ........
$748,000
$841,633
11.1%
*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)
$994
P R I C E
yearly trend
M E D I A N
S A L E S
$740
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$841,633
PROPERTIES FOR SALE
69
DAYS ON MARKET**
41
shadow inventory
43
(43.0)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Playa Del Rey DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$850,500
$1,277,500
50.2%
Average Price per Square Foot ...........................
$517
$546
5.6%
Properties Sold .......................................................
6
3
-50.0%
Properties Pending Sale .......................................
3
4
33.3%
Properties For Sale ................................................
13
22
69.2%
Days on Market (Pending Sale) ...........................
102
106
3.9%
Month’s Supply of Inventory ................................
2.2
7.3
238.5%
Percent Under Contract ........................................
23.1%
18.2%
-21.2%
Average Median Price for Last 12 Months ........
$915,000
$1,146,423
20.2%
*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.
S A L E S
(in hundred thousands)
$1.277
P R I C E
yearly trend
M E D I A N
$850
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$1,146,423
PROPERTIES FOR SALE
22
DAYS ON MARKET**
71
shadow inventory
5
(5.0)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Playa Vista DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$940,750
$1,370,000
45.6%
Average Price per Square Foot ...........................
$301
$396
31.6%
Properties Sold .......................................................
2
3
50.0%
Properties Pending Sale .......................................
2
1
-50.0%
Properties For Sale ................................................
4
7
75.0%
Days on Market (Pending Sale) ...........................
86
221
157.0%
Month’s Supply of Inventory ................................
2
2.3
16.7%
Percent Under Contract ........................................
50.0%
14.3%
-71.4%
Average Median Price for Last 12 Months ........
$1,029,000
$612,404
-68.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$1.370
P R I C E
yearly trend
M E D I A N
$940
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$612,404
PROPERTIES FOR SALE
7
DAYS ON MARKET**
49
shadow inventory
0
(0.0)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Santa Monica DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$1,725,000
$1,768,000
2.5%
Average Price per Square Foot ...........................
$797
$867
8.8%
Properties Sold .......................................................
23
23
0.0%
Properties Pending Sale .......................................
24
20
-16.7%
Properties For Sale ................................................
111
83
-25.2%
Days on Market (Pending Sale) ...........................
87
45
-48.3%
Month’s Supply of Inventory ................................
4.8
3.6
-25.2%
Percent Under Contract ........................................
21.6%
24.1%
11.4%
Average Median Price for Last 12 Months ........
$1,726,000
$1,985,671
13.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.768
$1.725
(in hundred thousands)
P R I C E
yearly trend
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$1,985,671
PROPERTIES FOR SALE
83
DAYS ON MARKET**
55
shadow inventory
19
(19.0)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Sunset Strip - Hollywood Hills West DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$1,347,497
$1,386,500
2.9%
Average Price per Square Foot ...........................
$589
$702
19.2%
Properties Sold .......................................................
43
40
-7.0%
Properties Pending Sale .......................................
33
35
6.1%
Properties For Sale ................................................
269
257
-4.5%
Days on Market (Pending Sale) ...........................
97
46
-52.6%
Month’s Supply of Inventory ................................
6.3
6.4
2.7%
Percent Under Contract ........................................
12.3%
13.6%
11.0%
Average Median Price for Last 12 Months ........
$1,290,000
$1,444,847
10.7%
*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
(in hundred thousands)
$1.386
$1.347
P R I C E
yearly trend
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$1,444,847
PROPERTIES FOR SALE
257
DAYS ON MARKET**
72
shadow inventory
20
(20.0)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Venice DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$1,000,000
$1,350,000
35.0%
Average Price per Square Foot ...........................
$637
$791
24.2%
Properties Sold .......................................................
28
21
-25.0%
Properties Pending Sale .......................................
20
30
50.0%
Properties For Sale ................................................
78
86
10.3%
Days on Market (Pending Sale) ...........................
71
38
-46.5%
Month’s Supply of Inventory ................................
2.8
4.1
47.0%
Percent Under Contract ........................................
25.6%
34.9%
36.0%
Average Median Price for Last 12 Months ........
$1,067,000
$1,302,283
22.1%
*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.
S A L E S
(in hundred thousands)
$1.350
P R I C E
yearly trend
M E D I A N
$1.000
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$1,302,283
PROPERTIES FOR SALE
86
DAYS ON MARKET**
58
shadow inventory
15
(15.0)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
West Hollywood DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$980,000
$1,138,500
16.2%
Average Price per Square Foot ...........................
$551
$667
21.1%
Properties Sold .......................................................
8
7
-12.5%
Properties Pending Sale .......................................
9
8
-11.1%
Properties For Sale ................................................
43
44
2.3%
Days on Market (Pending Sale) ...........................
59
40
-32.2%
Month’s Supply of Inventory ................................
5.4
6.3
16.9%
Percent Under Contract ........................................
20.9%
18.2%
-13.1%
Average Median Price for Last 12 Months ........
$935,000
$1,140,981
18.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.138 $980
(in hundred thousands)
P R I C E
yearly trend
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$1,140,981
PROPERTIES FOR SALE
44
DAYS ON MARKET**
59
shadow inventory
9
(9.0)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
West Los Angeles DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$667,000
$881,250
32.1%
Average Price per Square Foot ...........................
$401
$688
71.6%
Properties Sold .......................................................
2
4
100.0%
Properties Pending Sale .......................................
9
11
22.2%
Properties For Sale ................................................
28
25
-10.7%
Days on Market (Pending Sale) ...........................
84
25
-70.2%
Month’s Supply of Inventory ................................
14
6.2
-55.4%
Percent Under Contract ........................................
32.1%
44.0%
36.9%
Average Median Price for Last 12 Months ........
$607,000
$731,762
20.6%
*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)
$881
P R I C E
yearly trend
M E D I A N
S A L E S
$667
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$731,762
PROPERTIES FOR SALE
25
DAYS ON MARKET**
42
shadow inventory
11
(11.0)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Westchester DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$685,000
$842,500
23.0%
Average Price per Square Foot ...........................
$453
$457
0.9%
Properties Sold .......................................................
22
34
54.5%
Properties Pending Sale .......................................
28
30
7.1%
Properties For Sale ................................................
79
62
-21.5%
Days on Market (Pending Sale) ...........................
49
30
-38.8%
Month’s Supply of Inventory ................................
3.6
1.8
-49.2%
Percent Under Contract ........................................
35.4%
48.4%
36.5%
Average Median Price for Last 12 Months ........
$624,000
$715,000
14.6%
*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.
$842
M E D I A N
S A L E S
(in hundred thousands)
$685
P R I C E
yearly trend
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$715,000
PROPERTIES FOR SALE
62
DAYS ON MARKET**
39
shadow inventory
27
(27.0)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Westwood - Century City DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$1,341,900
$1,460,000
8.8%
Average Price per Square Foot ...........................
$599
$758
26.5%
Properties Sold .......................................................
19
13
-31.6%
Properties Pending Sale .......................................
18
9
-50.0%
Properties For Sale ................................................
70
52
-25.7%
Days on Market (Pending Sale) ...........................
88
33
-62.5%
Month’s Supply of Inventory ................................
3.7
4
8.6%
Percent Under Contract ........................................
25.7%
17.3%
-32.7%
Average Median Price for Last 12 Months ........
$1,279,000
$1,394,169
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.
M E D I A N
S A L E S
$1.460
$1.341
(in hundred thousands)
P R I C E
yearly trend
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$1,394,169
PROPERTIES FOR SALE
52
DAYS ON MARKET**
42
shadow inventory
6
(6.0)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
August 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 August 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.