Teles intelligence
micro market report orange county 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.
san fern
orange county
south b
Orange County Macro Market
Dana Point
Irvine
Balboa Peninsula
East Bluff - Harbor View
Ladera Ranch
Corona del Mar - Spyglass
East Costa Mesa
Laguna Beach (all areas)
Coto de Caza
Fountain Valley
Laguna Hills
Crystal Cove
Huntington Beach
Laguna Niguel
Micro Market Report : August 2013
telesintelligence.com
nando
san gabriel
bay
los angeles
Long Beach
Newport Heights
Turtle Ridge
Lower Newport Bay - Balboa Island
Rancho Santa Margarita
Turtle Rock
Mission Viejo
San Clemente
West Bay - Santa Ana Heights
Newport Beach (all areas)
San Juan Capistrano
West Newport - Lido
Newport Coast
Shady Canyon
Westminster
August 2013 : Micro Market Report
Orange County DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$535,000
$651,000
21.7%
Average Price per Square Foot ...........................
$326
$383
17.5%
Properties Sold .......................................................
1999
1791
-10.4%
Properties Pending Sale .......................................
1922
1682
-12.5%
Properties For Sale ................................................
7,822
6,710
-14.2%
Days on Market (Pending Sale) ...........................
88
47
-46.6%
Month’s Supply of Inventory ................................
3.9
3.7
-4.3%
Percent Under Contract ........................................
24.6%
25.1%
2.0%
Average Median Price for Last 12 Months ........
$493,000
$582,969
18.2%
*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.
$651
M E D I A N
S A L E S
(in hundred thousands)
$535
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
Balboa Peninsula DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$2,237,500
$2,625,000
17.3%
Average Price per Square Foot ...........................
$1,168
$1,046
-10.4%
Properties Sold .......................................................
8
3
-62.5%
Properties Pending Sale .......................................
11
1
-90.9%
Properties For Sale ................................................
73
41
-43.8%
Days on Market (Pending Sale) ...........................
177
23
-87.0%
Month’s Supply of Inventory ................................
9.1
13.7
49.8%
Percent Under Contract ........................................
15.1%
2.4%
-83.8%
Average Median Price for Last 12 Months ........
$2,234,000
$2,035,731
-8.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$2.625
P R I C E
yearly trend
M E D I A N
$2.237
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**
$2,035,731
PROPERTIES FOR SALE
41
DAYS ON MARKET**
119
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
Corona del Mar - Spyglass DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$1,905,000
$2,297,500
20.6%
Average Price per Square Foot ...........................
$899
$1,030
14.6%
Properties Sold .......................................................
18
14
-22.2%
Properties Pending Sale .......................................
21
15
-28.6%
Properties For Sale ................................................
102
77
-24.5%
Days on Market (Pending Sale) ...........................
124
63
-49.2%
Month’s Supply of Inventory ................................
5.7
5.5
-2.9%
Percent Under Contract ........................................
20.6%
19.5%
-5.4%
Average Median Price for Last 12 Months ........
$1,804,000
$2,035,538
12.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$2.297
P R I C E
yearly trend
M E D I A N
$1.905
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**
$2,035,538
PROPERTIES FOR SALE
77
DAYS ON MARKET**
90
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
Coto de Caza DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$890,000
$936,200
5.2%
Average Price per Square Foot ...........................
$265
$307
15.8%
Properties Sold .......................................................
24
20
-16.7%
Properties Pending Sale .......................................
24
20
-16.7%
Properties For Sale ................................................
151
135
-10.6%
Days on Market (Pending Sale) ...........................
95
35
-63.2%
Month’s Supply of Inventory ................................
6.3
6.8
7.3%
Percent Under Contract ........................................
15.9%
14.8%
-6.8%
Average Median Price for Last 12 Months ........
$900,000
$967,654
7.5%
*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
(in hundred thousands)
$936
$890
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**
$967,654
PROPERTIES FOR SALE
135
DAYS ON MARKET**
79
shadow inventory
34
**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
Crystal Cove DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$3,625,000
$3,950,000
9.0%
Average Price per Square Foot ...........................
$938
$998
6.4%
Properties Sold .......................................................
3
6
100.0%
Properties Pending Sale .......................................
2
3
50.0%
Properties For Sale ................................................
24
22
-8.3%
Days on Market (Pending Sale) ...........................
71
117
64.8%
Month’s Supply of Inventory ................................
8
3.7
-54.2%
Percent Under Contract ........................................
8.3%
13.6%
63.6%
Average Median Price for Last 12 Months ........
$3,776,000
$4,516,731
19.6%
*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
S A L E S
$3.950
$3.625
(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**
$4,516,731
PROPERTIES FOR SALE
22
DAYS ON MARKET**
74
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
Dana Point DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$710,000
$897,000
26.3%
Average Price per Square Foot ...........................
$379
$529
39.6%
Properties Sold .......................................................
41
35
-14.6%
Properties Pending Sale .......................................
46
33
-28.3%
Properties For Sale ................................................
246
211
-14.2%
Days on Market (Pending Sale) ...........................
123
74
-39.8%
Month’s Supply of Inventory ................................
6
6
0.5%
Percent Under Contract ........................................
18.7%
15.6%
-16.4%
Average Median Price for Last 12 Months ........
$661,000
$807,731
22.2%
*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.
(in hundred thousands)
$897
P R I C E
yearly trend
M E D I A N
S A L E S
$710
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**
$807,731
PROPERTIES FOR SALE
211
DAYS ON MARKET**
92
shadow inventory
25
**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
East Bluff - Harbor View DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$1,365,000
$1,750,000
28.2%
Average Price per Square Foot ...........................
$543
$639
17.7%
Properties Sold .......................................................
28
19
-32.1%
Properties Pending Sale .......................................
24
13
-45.8%
Properties For Sale ................................................
116
66
-43.1%
Days on Market (Pending Sale) ...........................
133
86
-35.3%
Month’s Supply of Inventory ................................
4.1
3.5
-16.2%
Percent Under Contract ........................................
20.7%
19.7%
-4.8%
Average Median Price for Last 12 Months ........
$1,375,000
$1,521,300
10.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$1.750
P R I C E
yearly trend
M E D I A N
$1.365
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**
$1,521,300
PROPERTIES FOR SALE
66
DAYS ON MARKET**
74
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
East Costa Mesa DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$654,000
$852,500
30.4%
Average Price per Square Foot ...........................
$358
$492
37.4%
Properties Sold .......................................................
12
16
33.3%
Properties Pending Sale .......................................
8
19
137.5%
Properties For Sale ................................................
62
72
16.1%
Days on Market (Pending Sale) ...........................
112
53
-52.7%
Month’s Supply of Inventory ................................
5.2
4.5
-12.9%
Percent Under Contract ........................................
12.9%
26.4%
104.5%
Average Median Price for Last 12 Months ........
$656,000
$780,477
19.0%
*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.
(in hundred thousands)
$852
P R I C E
yearly trend
M E D I A N
S A L E S
$654
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**
$780,477
PROPERTIES FOR SALE
72
DAYS ON MARKET**
85
shadow inventory
25
(25.0)
**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
Fountain Valley DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$555,000
$670,000
20.7%
Average Price per Square Foot ...........................
$291
$346
18.9%
Properties Sold .......................................................
39
41
5.1%
Properties Pending Sale .......................................
30
29
-3.3%
Properties For Sale ................................................
99
75
-24.2%
Days on Market (Pending Sale) ...........................
68
32
-52.9%
Month’s Supply of Inventory ................................
2.5
1.8
-27.9%
Percent Under Contract ........................................
30.3%
38.7%
27.6%
Average Median Price for Last 12 Months ........
$545,000
$606,465
11.3%
*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.
$670
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 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$606,465
PROPERTIES FOR SALE
75
DAYS ON MARKET**
48
shadow inventory
43
**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
Huntington Beach DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$590,000
$705,000
19.5%
Average Price per Square Foot ...........................
$357
$387
8.4%
Properties Sold .......................................................
118
110
-6.8%
Properties Pending Sale .......................................
119
99
-16.8%
Properties For Sale ................................................
457
388
-15.1%
Days on Market (Pending Sale) ...........................
85
56
-34.1%
Month’s Supply of Inventory ................................
3.9
3.5
-8.9%
Percent Under Contract ........................................
26.0%
25.5%
-2.0%
Average Median Price for Last 12 Months ........
$596,000
$662,948
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.
$705
M E D I A N
S A L E S
(in hundred thousands)
$590
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**
$662,948
PROPERTIES FOR SALE
388
DAYS ON MARKET**
63
shadow inventory
111
**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
Irvine DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$740,000
$902,500
22.0%
Average Price per Square Foot ...........................
$375
$436
16.3%
Properties Sold .......................................................
121
96
-20.7%
Properties Pending Sale .......................................
99
93
-6.1%
Properties For Sale ................................................
395
382
-3.3%
Days on Market (Pending Sale) ...........................
80
42
-47.5%
Month’s Supply of Inventory ................................
3.3
4
21.9%
Percent Under Contract ........................................
25.1%
24.3%
-2.9%
Average Median Price for Last 12 Months ........
$702,000
$836,406
19.1%
*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.
$902
M E D I A N
S A L E S
(in hundred thousands)
$740
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**
$836,406
PROPERTIES FOR SALE
382
DAYS ON MARKET**
61
shadow inventory
84
**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
Ladera Ranch DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$770,000
$847,750
10.1%
Average Price per Square Foot ...........................
$260
$316
21.5%
Properties Sold .......................................................
34
34
0.0%
Properties Pending Sale .......................................
29
35
20.7%
Properties For Sale ................................................
135
143
5.9%
Days on Market (Pending Sale) ...........................
67
52
-22.4%
Month’s Supply of Inventory ................................
4
4.2
5.9%
Percent Under Contract ........................................
21.5%
24.5%
13.9%
Average Median Price for Last 12 Months ........
$641,000
$772,801
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.
$847
M E D I A N
S A L E S
(in hundred thousands)
$770
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**
$772,801
PROPERTIES FOR SALE
143
DAYS ON MARKET**
78
shadow inventory
23
**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
Laguna Beach DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$1,500,000
$2,045,250
36.4%
Average Price per Square Foot ...........................
$767
$1,041
35.7%
Properties Sold .......................................................
34
28
-17.6%
Properties Pending Sale .......................................
31
32
3.2%
Properties For Sale ................................................
257
266
3.5%
Days on Market (Pending Sale) ...........................
149
89
-40.3%
Month’s Supply of Inventory ................................
7.6
9.5
25.7%
Percent Under Contract ........................................
12.1%
12.0%
-0.3%
Average Median Price for Last 12 Months ........
$1,274,000
$1,531,419
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.
(in hundred thousands)
$2.045
P R I C E
yearly trend
M E D I A N
S A L E S
$1.500
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**
$1,531,419
PROPERTIES FOR SALE
266
DAYS ON MARKET**
104
shadow inventory
27
**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
Laguna Niguel DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$640,000
$819,000
28.0%
Average Price per Square Foot ...........................
$312
$370
18.6%
Properties Sold .......................................................
73
52
-28.8%
Properties Pending Sale .......................................
66
43
-34.8%
Properties For Sale ................................................
282
218
-22.7%
Days on Market (Pending Sale) ...........................
104
58
-44.2%
Month’s Supply of Inventory ................................
3.9
4.2
8.5%
Percent Under Contract ........................................
23.4%
19.7%
-15.7%
Average Median Price for Last 12 Months ........
$634,000
$713,477
12.5%
*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.
$819
M E D I A N
S A L E S
(in hundred thousands)
$640
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**
$713,477
PROPERTIES FOR SALE
218
DAYS ON MARKET**
70
shadow inventory
67
**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
Laguna Hills DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$615,000
$672,500
9.3%
Average Price per Square Foot ...........................
$279
$343
22.9%
Properties Sold .......................................................
24
32
33.3%
Properties Pending Sale .......................................
30
26
-13.3%
Properties For Sale ................................................
91
101
11.0%
Days on Market (Pending Sale) ...........................
96
48
-50.0%
Month’s Supply of Inventory ................................
3.8
3.2
-16.8%
Percent Under Contract ........................................
33.0%
25.7%
-21.9%
Average Median Price for Last 12 Months ........
$548,000
$679,650
24.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$672
$615
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**
$679,650
PROPERTIES FOR SALE
101
DAYS ON MARKET**
60
shadow inventory
38
**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
Laguna Woods DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$0
$0
%
Average Price per Square Foot ...........................
$0
$0
%
Properties Sold .......................................................
0
0
%
Properties Pending Sale .......................................
0
2
%
Properties For Sale ................................................
0
3
%
Days on Market (Pending Sale) ...........................
0
13
% %
Month’s Supply of Inventory ................................ Percent Under Contract ........................................
%
66.7%
%
Average Median Price for Last 12 Months ........
$594,000
$137,000
-76.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(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**
$137,000
PROPERTIES FOR SALE
3
DAYS ON MARKET**
23
shadow inventory
2
**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
Lower Newport Bay - Balboa Island DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$2,090,000
$2,285,000
9.3%
Average Price per Square Foot ...........................
$1,001
$1,737
73.5%
Properties Sold .......................................................
8
3
-62.5%
Properties Pending Sale .......................................
7
8
14.3%
Properties For Sale ................................................
49
35
-28.6%
Days on Market (Pending Sale) ...........................
92
71
-22.8%
Month’s Supply of Inventory ................................
6.1
11.7
90.5%
Percent Under Contract ........................................
14.3%
22.9%
60.0%
Average Median Price for Last 12 Months ........
$1,994,000
$2,455,731
23.2%
*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
$2.285
$2.090
(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**
$2,455,731
PROPERTIES FOR SALE
35
DAYS ON MARKET**
100
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
Mission Viejo DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$517,450
$625,000
20.8%
Average Price per Square Foot ...........................
$267
$328
22.8%
Properties Sold .......................................................
106
105
-0.9%
Properties Pending Sale .......................................
108
89
-17.6%
Properties For Sale ................................................
296
290
-2.0%
Days on Market (Pending Sale) ...........................
77
36
-53.2%
Month’s Supply of Inventory ................................
2.8
2.8
-1.1%
Percent Under Contract ........................................
36.5%
30.7%
-15.9%
Average Median Price for Last 12 Months ........
$483,000
$566,288
17.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$625
M E D I A N
S A L E S
(in hundred thousands)
$517
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**
$566,288
PROPERTIES FOR SALE
290
DAYS ON MARKET**
52
shadow inventory
116
**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
Newport Beach DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$1,440,000
$1,700,000
18.1%
Average Price per Square Foot ...........................
$695
$764
9.9%
Properties Sold .......................................................
70
43
-38.6%
Properties Pending Sale .......................................
73
41
-43.8%
Properties For Sale ................................................
400
278
-30.5%
Days on Market (Pending Sale) ...........................
124
84
-32.3%
Month’s Supply of Inventory ................................
5.7
6.5
13.1%
Percent Under Contract ........................................
18.2%
14.7%
-19.2%
Average Median Price for Last 12 Months ........
$1,331,000
$1,571,827
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.
$1.700
M E D I A N
S A L E S
(in hundred thousands)
$1.440
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**
$1,571,827
PROPERTIES FOR SALE
278
DAYS ON MARKET**
91
shadow inventory
50
**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
Newport Coast DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$2,470,000
$2,474,500
0.2%
Average Price per Square Foot ...........................
$684
$803
17.4%
Properties Sold .......................................................
17
22
29.4%
Properties Pending Sale .......................................
14
25
78.6%
Properties For Sale ................................................
124
90
-27.4%
Days on Market (Pending Sale) ...........................
85
71
-16.5%
Month’s Supply of Inventory ................................
7.3
4.1
-43.9%
Percent Under Contract ........................................
11.3%
27.8%
146.0%
Average Median Price for Last 12 Months ........
$1,911,000
$2,743,808
43.6%
*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
S A L E S
$2.474
$2.470
(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**
$2,743,808
PROPERTIES FOR SALE
90
DAYS ON MARKET**
84
shadow inventory
10
**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
Newport Heights DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$1,399,000
$1,375,000
-1.7%
Average Price per Square Foot ...........................
$458
$594
29.7%
Properties Sold .......................................................
3
5
66.7%
Properties Pending Sale .......................................
8
7
-12.5%
Properties For Sale ................................................
32
35
9.4%
Days on Market (Pending Sale) ...........................
64
23
-64.1%
Month’s Supply of Inventory ................................
10.7
7
-34.4%
Percent Under Contract ........................................
25.0%
20.0%
-20.0%
Average Median Price for Last 12 Months ........
$1,104,000
$1,324,923
20.0%
*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
$1.375
S A L E S
$1.399
(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**
$1,324,923
PROPERTIES FOR SALE
35
DAYS ON MARKET**
65
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
Rancho Santa Margarita DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$550,000
$600,000
9.1%
Average Price per Square Foot ...........................
$243
$299
23.0%
Properties Sold .......................................................
57
53
-7.0%
Properties Pending Sale .......................................
44
42
-4.5%
Properties For Sale ................................................
143
147
2.8%
Days on Market (Pending Sale) ...........................
76
47
-38.2%
Month’s Supply of Inventory ................................
2.5
2.8
10.6%
Percent Under Contract ........................................
30.8%
28.6%
-7.1%
Average Median Price for Last 12 Months ........
$508,000
$581,633
14.5%
*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.
$600
M E D I A N
S A L E S
(in hundred thousands)
$550
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**
$581,633
PROPERTIES FOR SALE
147
DAYS ON MARKET**
57
shadow inventory
41
**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
San Clemente DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$699,000
$872,500
24.8%
Average Price per Square Foot ...........................
$320
$393
22.8%
Properties Sold .......................................................
61
56
-8.2%
Properties Pending Sale .......................................
54
64
18.5%
Properties For Sale ................................................
315
311
-1.3%
Days on Market (Pending Sale) ...........................
99
67
-32.3%
Month’s Supply of Inventory ................................
5.2
5.6
7.5%
Percent Under Contract ........................................
17.1%
20.6%
20.0%
Average Median Price for Last 12 Months ........
$657,000
$763,112
16.2%
*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.
$872
M E D I A N
S A L E S
(in hundred thousands)
$699
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**
$763,112
PROPERTIES FOR SALE
311
DAYS ON MARKET**
70
shadow inventory
81
**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
San Juan Capistrano DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$582,750
$920,000
57.9%
Average Price per Square Foot ...........................
$273
$335
22.7%
Properties Sold .......................................................
31
34
9.7%
Properties Pending Sale .......................................
26
32
23.1%
Properties For Sale ................................................
146
150
2.7%
Days on Market (Pending Sale) ...........................
67
48
-28.4%
Month’s Supply of Inventory ................................
4.7
4.4
-6.3%
Percent Under Contract ........................................
17.8%
21.3%
19.8%
Average Median Price for Last 12 Months ........
$577,000
$702,227
21.7%
*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)
$920
P R I C E
yearly trend
M E D I A N
$582
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**
$702,227
PROPERTIES FOR SALE
150
DAYS ON MARKET**
71
shadow inventory
39
**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
Shady Canyon DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$3,124,000
$0
-100.0%
Average Price per Square Foot ...........................
$573
$0
-100.0%
Properties Sold .......................................................
4
0
-100.0%
Properties Pending Sale .......................................
2
0
-100.0%
Properties For Sale ................................................
25
8
-68.0%
Days on Market (Pending Sale) ...........................
73
0
-100.0%
Month’s Supply of Inventory ................................
6.2
Percent Under Contract ........................................
8.0%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$4,284,000
$3,673,077
-14.3%
%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
P R I C E
yearly trend
Aug
M E D I A N
$3.124
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$3,673,077
PROPERTIES FOR SALE
8
DAYS ON MARKET**
135
shadow inventory
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
Turtle Ridge DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$2,200,000
$2,987,500
35.8%
Average Price per Square Foot ...........................
$523
$606
15.9%
Properties Sold .......................................................
5
2
-60.0%
Properties Pending Sale .......................................
7
0
-100.0%
Properties For Sale ................................................
33
21
-36.4%
Days on Market (Pending Sale) ...........................
116
0
-100.0%
Month’s Supply of Inventory ................................
6.6
10.5
59.1%
Percent Under Contract ........................................
21.2%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$1,900,000
$2,123,154
11.7%
*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.
(in hundred thousands)
$2.987
P R I C E
yearly trend
M E D I A N
S A L E S
$2.200
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**
$2,123,154
PROPERTIES FOR SALE
21
DAYS ON MARKET**
81
shadow inventory
12
(12.0)
**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
Turtle Rock DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$1,130,000
$985,000
-12.8%
Average Price per Square Foot ...........................
$475
$499
5.1%
Properties Sold .......................................................
5
1
-80.0%
Properties Pending Sale .......................................
6
3
-50.0%
Properties For Sale ................................................
29
8
-72.4%
Days on Market (Pending Sale) ...........................
173
61
-64.7%
Month’s Supply of Inventory ................................
5.8
8
37.9%
Percent Under Contract ........................................
20.7%
37.5%
81.2%
Average Median Price for Last 12 Months ........
$1,031,000
$907,500
-12.0%
*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
$985
S A L E S
$1.130
(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**
$907,500
PROPERTIES FOR SALE
8
DAYS ON MARKET**
81
shadow inventory
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
Westminster DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$398,000
$505,000
26.9%
Average Price per Square Foot ...........................
$255
$320
25.5%
Properties Sold .......................................................
48
31
-35.4%
Properties Pending Sale .......................................
49
36
-26.5%
Properties For Sale ................................................
162
123
-24.1%
Days on Market (Pending Sale) ...........................
63
34
-46.0%
Month’s Supply of Inventory ................................
3.4
4
17.6%
Percent Under Contract ........................................
30.2%
29.3%
-3.2%
Average Median Price for Last 12 Months ........
$388,000
$453,687
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.
$505
M E D I A N
S A L E S
(in hundred thousands)
$398
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**
$453,687
PROPERTIES FOR SALE
123
DAYS ON MARKET**
42
shadow inventory
69
**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 Bay - Santa Ana Heights DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$1,100,000
$1,205,500
9.6%
Average Price per Square Foot ...........................
$499
$603
20.8%
Properties Sold .......................................................
16
7
-56.2%
Properties Pending Sale .......................................
15
4
-73.3%
Properties For Sale ................................................
66
45
-31.8%
Days on Market (Pending Sale) ...........................
120
31
-74.2%
Month’s Supply of Inventory ................................
4.1
6.4
55.8%
Percent Under Contract ........................................
22.7%
8.9%
-60.9%
Average Median Price for Last 12 Months ........
$1,118,000
$1,265,285
13.2%
*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
$1.205
$1.100
(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**
$1,265,285
PROPERTIES FOR SALE
45
DAYS ON MARKET**
84
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
West Newport - Lido DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$3,500,000
$2,350,000
-32.9%
Average Price per Square Foot ...........................
$791
$903
14.2%
Properties Sold .......................................................
7
6
-14.3%
Properties Pending Sale .......................................
8
8
0.0%
Properties For Sale ................................................
64
54
-15.6%
Days on Market (Pending Sale) ...........................
122
180
47.5%
Month’s Supply of Inventory ................................
9.1
9
-1.6%
Percent Under Contract ........................................
12.5%
14.8%
18.5%
Average Median Price for Last 12 Months ........
$1,488,000
$1,852,077
24.5%
*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
$2.350
S A L E S
$3.500
(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**
$1,852,077
PROPERTIES FOR SALE
54
DAYS ON MARKET**
120
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
Navigating Solutions. At Riviera Financial, the business of real estate finance is about much more than loans. It is about offering diverse and competitive products; advising borrowers to make informed choices to support and protect their security; providing extraordinarily thorough customer care; and navigating solutions. Our customers expect and deserve the highest level of service and performance in all of their borrowing activities. When it comes to dedicated, comprehensive real estate finance, Riviera Financial delivers.
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References
CONTACTS:
Aleksey Tokhner Project Manager, Teles Intelligence aleksey.tokhner@telesproperties.com Sharran Srivatsaa Chief Executive Officer, Teles Intelligence sharran.srivatsaa@telesproperties.com
location:
Teles Intelligence 11990 San Vicente Blvd, Suite 100 Los Angeles, Ca 90049
Phone:
424.203.1800 email:
info@telesintelligence.com
Teles intelligence August 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.