Teles intelligence
micro market report los angeles DECEMBER 2012 | SINGLE FAMILY HOMES REPORT
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
Median Price:
Days of market (Pending Sale):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
Month’s Supply of Inventory:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
Average Price per Square Foot:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
Percent Under Contract:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
Properties Sold:
The number of property transactions
Average Median Price for Last 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
Properties Pending Sale:
ending in the identified month
The number of properties that entered escrow in preparation for sale.
Shadow Inventory:
Properties in Pre-Foreclosure, Bank Properties For Sale:
Owned or Auction as identified by
The number of properties on the
ForeclosureRadar.com
market and seeking buyers.
los angeles
orange
san gab
Los Angeles Macro Market
Brentwood
Los Feliz
Bel Air - Holmby Hills
Cheviot Hills - Rancho Park
Malibu
Beverly Center - Miracle Mile
Culver City
Malibu Beach
Beverly Hills
Hancock Park - Wilshire
Marina del Rey
Beverly Hills P.O.
Hollywood
Mid Los Angeles
Beverlywood
Hollywood Hills East
Mid Wilshire
Micro Market Report : December 2012
telesintelligence.com
e county
san fernando
briel
south bay Pacific Palisades
Venice
Palms - Mar Vista
West Hollywood
Playa del Rey
West Los Angeles
Playa Vista
Westchester
Santa Monica
Westwood - Century City
Sunset Strip - Hollywood Hills West
December 2012 : Micro Market Report
Los Angeles Macro Market DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$1,133,596
$1,523,056
34.4%
Average Price per Square Foot ...........................
$515
$667
29.7%
Properties Sold .......................................................
337
460
36.5%
Properties Pending Sale .......................................
210
290
38.1%
Properties For Sale ................................................
2633
1521
-42.2%
Days on Market (Pending Sale) ...........................
69
80
15.4%
Month’s Supply of Inventory ................................
7.8
3.3
-57.7%
Percent Under Contract ........................................
8.0%
19.1%
139.1%
Average Median Price for Last 12 Months ........
$1,284,857
$1,389,828
7.6%
*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)
$1.523
P R I C E
yearly trend
M E D I A N
$1.134
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
Bel Air - Holmby Hills DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$1,654,625
$1,918,000
15.9%
Average Price per Square Foot ...........................
$729
$865
18.7%
Properties Sold .......................................................
18
12
-33.3%
Properties Pending Sale .......................................
3
15
400.0%
Properties For Sale ................................................
146
131
-10.3%
Days on Market (Pending Sale) ...........................
107
105
-1.9%
Month’s Supply of Inventory ................................
8.1
10.9
34.6%
Percent Under Contract ........................................
2.1%
11.5%
457.3%
Average Median Price for Last 12 Months ........
$1,640,000
$1,937,225
15.3%
*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
$1.655
S A L E S
$1.918
(in hundred thousands)
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$1,937,225 PROPERTIES FOR SALE
131 DAYS ON MARKET**
100 shadow inventory
23 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Beverly Center - Miracle Mile DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$864,750
$999,000
15.5%
Average Price per Square Foot ...........................
$530
$491
-7.4%
Properties Sold .......................................................
10
21
110.0%
Properties Pending Sale .......................................
8
15
87.5%
Properties For Sale ................................................
68
48
-29.4%
Days on Market (Pending Sale) ...........................
23
19
-17.4%
Month’s Supply of Inventory ................................
6.8
2.3
-66.4%
Percent Under Contract ........................................
11.8%
31.3%
165.6%
Average Median Price for Last 12 Months ........
$937,000
$913,433
-2.6%
*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.
$999
M E D I A N
S A L E S
(in hundred thousands)
$865
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$913,433 PROPERTIES FOR SALE
48 DAYS ON MARKET**
49 shadow inventory
16
(90048 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Beverly Hills DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$2,280,000
$4,900,000
114.9%
Average Price per Square Foot ...........................
$865
$950
9.8%
Properties Sold .......................................................
14
21
50.0%
Properties Pending Sale .......................................
9
14
55.6%
Properties For Sale ................................................
132
89
-32.6%
Days on Market (Pending Sale) ...........................
71
132
85.9%
Month’s Supply of Inventory ................................
9.4
4.2
-55.1%
Percent Under Contract ........................................
6.8%
15.7%
130.7%
Average Median Price for Last 12 Months ........
$2,804,000
$4,072,233
31.1%
*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.
DEC
M E D I A N
$2.280
S A L E S
$4.900
(in hundred thousands)
P R I C E
yearly trend
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$4,072,233 PROPERTIES FOR SALE
89 DAYS ON MARKET**
93 shadow inventory
56 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Beverly Hills P.O. DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$2,048,750
$1,552,500
-24.2%
Average Price per Square Foot ...........................
$546
$669
22.5%
Properties Sold .......................................................
12
12
0.0%
Properties Pending Sale .......................................
11
9
-18.2%
Properties For Sale ................................................
165
92
-44.2%
Days on Market (Pending Sale) ...........................
106
115
8.5%
Month’s Supply of Inventory ................................
13.8
7.7
-44.2%
Percent Under Contract ........................................
6.7%
9.8%
46.7%
Average Median Price for Last 12 Months ........
$2,037,000
$1,997,250
-2.0%
*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
$1.553
S A L E S
$2.049
(in hundred thousands)
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$1,997,250 PROPERTIES FOR SALE
92 DAYS ON MARKET**
93 shadow inventory
49
(90210 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Beverlywood DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$755,000
$799,000
5.8%
Average Price per Square Foot ...........................
$440
$475
8.0%
Properties Sold .......................................................
8
17
112.5%
Properties Pending Sale .......................................
9
5
-44.4%
Properties For Sale ................................................
68
28
-58.8%
Days on Market (Pending Sale) ...........................
41
54
31.7%
Month’s Supply of Inventory ................................
8.5
1.6
-80.6%
Percent Under Contract ........................................
13.2%
17.9%
34.9%
Average Median Price for Last 12 Months ........
$758,000
$781,654
3.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$799
$755
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$781,654 PROPERTIES FOR SALE
28 DAYS ON MARKET**
52 shadow inventory
29
(90035 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Brentwood DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$2,020,000
$2,000,000
-1.0%
Average Price per Square Foot ...........................
$538
$929
72.7%
Properties Sold .......................................................
9
29
222.2%
Properties Pending Sale .......................................
7
21
200.0%
Properties For Sale ................................................
142
89
-37.3%
Days on Market (Pending Sale) ...........................
84
72
-14.3%
Month’s Supply of Inventory ................................
15.8
3.1
-80.5%
Percent Under Contract ........................................
4.9%
23.6%
378.7%
Average Median Price for Last 12 Months ........
$1,832,000
$1,849,927
1.0%
*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
$2.000
(in hundred thousands)
$2.020
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$1,849,927 PROPERTIES FOR SALE
89 DAYS ON MARKET**
76 shadow inventory
33
(90049 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Cheviot Hills - Rancho Park DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$1,442,000
$1,395,000
-3.3%
Average Price per Square Foot ...........................
$504
$578
14.7%
Properties Sold .......................................................
5
9
80.0%
Properties Pending Sale .......................................
2
2
0.0%
Properties For Sale ................................................
27
11
-59.3%
Days on Market (Pending Sale) ...........................
104
14
-86.5%
Month’s Supply of Inventory ................................
5.4
1.2
-77.4%
Percent Under Contract ........................................
7.4%
18.2%
145.5%
Average Median Price for Last 12 Months ........
$1,241,000
$1,313,597
5.5%
*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
$1.395
(in hundred thousands)
$1.442
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$1,313,597 PROPERTIES FOR SALE
11 DAYS ON MARKET**
58 shadow inventory
38
(90064 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Culver City DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$672,500
$649,000
-3.5%
Average Price per Square Foot ...........................
$437
$407
-6.9%
Properties Sold .......................................................
10
19
90.0%
Properties Pending Sale .......................................
11
13
18.2%
Properties For Sale ................................................
59
35
-40.7%
Days on Market (Pending Sale) ...........................
58
42
-27.6%
Month’s Supply of Inventory ................................
5.9
1.8
-68.8%
Percent Under Contract ........................................
18.6%
37.1%
99.2%
Average Median Price for Last 12 Months ........
$645,000
$645,000
0.0%
*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.
$673
M E D I A N
S A L E S
(in hundred thousands)
$649
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$645,000 PROPERTIES FOR SALE
35 DAYS ON MARKET**
52 shadow inventory
25 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Hancock Park - Wilshire DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$1,049,000
$1,162,000
10.8%
Average Price per Square Foot ...........................
$464
$540
16.4%
Properties Sold .......................................................
15
22
46.7%
Properties Pending Sale .......................................
8
10
25.0%
Properties For Sale ................................................
135
55
-59.3%
Days on Market (Pending Sale) ...........................
45
83
84.4%
Month’s Supply of Inventory ................................
9.0
2.5
-72.2%
Percent Under Contract ........................................
5.9%
18.2%
206.8%
Average Median Price for Last 12 Months ........
$1,010,000
$985,762
-2.5%
*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
$1.162
$1.049
(in hundred thousands)
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$985,762 PROPERTIES FOR SALE
55 DAYS ON MARKET**
70 shadow inventory
37
(90004, 90020 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Hollywood DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$350,000
$1,250,000
257.1%
Average Price per Square Foot ...........................
$360
$577
60.3%
Properties Sold .......................................................
5
3
-40.0%
Properties Pending Sale .......................................
3
4
33.3%
Properties For Sale ................................................
26
13
-50.0%
Days on Market (Pending Sale) ...........................
49
12
-75.5%
Month’s Supply of Inventory ................................
5.2
4.3
-16.7%
Percent Under Contract ........................................
11.5%
30.8%
166.7%
Average Median Price for Last 12 Months ........
$450,000
$586,231
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
(in hundred thousands)
$1.250
P R I C E
yearly trend
$350
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$586,231 PROPERTIES FOR SALE
13 DAYS ON MARKET**
46 shadow inventory
76
(90028, 90038, 90068 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Hollywood Hills East DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$700,000
$1,000,000
42.9%
Average Price per Square Foot ...........................
$431
$415
-3.7%
Properties Sold .......................................................
11
17
54.5%
Properties Pending Sale .......................................
8
13
62.5%
Properties For Sale ................................................
75
45
-40.0%
Days on Market (Pending Sale) ...........................
65
46
-29.2%
Month’s Supply of Inventory ................................
9.4
2.6
-71.8%
Percent Under Contract ........................................
10.7%
28.9%
170.8%
Average Median Price for Last 12 Months ........
$864,000
$929,731
7.1%
*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)
$1000
P R I C E
yearly trend
M E D I A N
$700
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$929,731 PROPERTIES FOR SALE
45 DAYS ON MARKET**
62 shadow inventory
13
(90029 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Los Feliz DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$859,000
$907,500
5.6%
Average Price per Square Foot ...........................
$466
$490
5.2%
Properties Sold .......................................................
17
14
-17.6%
Properties Pending Sale .......................................
11
13
18.2%
Properties For Sale ................................................
100
60
-40.0%
Days on Market (Pending Sale) ...........................
51
63
23.5%
Month’s Supply of Inventory ................................
9.1
4.3
-52.9%
Percent Under Contract ........................................
11.0%
21.7%
97.0%
Average Median Price for Last 12 Months ........
$905,000
$966,498
6.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$908
$859
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$966,498 PROPERTIES FOR SALE
60 DAYS ON MARKET**
54 shadow inventory
32
(90027 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Malibu DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$2,450,000
$2,250,000
-8.2%
Average Price per Square Foot ...........................
$833
$619
-25.7%
Properties Sold .......................................................
19
23
21.1%
Properties Pending Sale .......................................
13
11
-15.4%
Properties For Sale ................................................
250
152
-39.2%
Days on Market (Pending Sale) ...........................
166
246
48.2%
Month’s Supply of Inventory ................................
13.2
6.6
-49.8%
Percent Under Contract ........................................
5.2%
7.2%
39.2%
Average Median Price for Last 12 Months ........
$2,085,000
$1,781,500
-17.0%
*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.
$2.450
M E D I A N
S A L E S
(in hundred thousands)
$2.250
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$1,781,500 PROPERTIES FOR SALE
152 DAYS ON MARKET**
146 shadow inventory
65 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Malibu Beach DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$0
$6,200,000
N/A
Average Price per Square Foot ...........................
$0
$2,474
N/A
Properties Sold .......................................................
0
9
N/A
Properties Pending Sale .......................................
0
3
N/A
Properties For Sale ................................................
104
77
-26.0%
Days on Market (Pending Sale) ...........................
0
437
N/A
Month’s Supply of Inventory ................................
N/A
8.6
N/A
Percent Under Contract ........................................
0.0%
3.9%
N/A
Average Median Price for Last 12 Months ........
$5,052,000
$5,479,298
7.8%
*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.
$0 DEC
S A L E S M E D I A N
$6.200
(in hundred thousands)
P R I C E
yearly trend
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$5,057,813 PROPERTIES FOR SALE
77 DAYS ON MARKET**
220 shadow inventory
10 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Marina del Rey DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$1,525,000
$900,000
-41.0%
Average Price per Square Foot ...........................
$471
$549
16.6%
Properties Sold .......................................................
1
3
200.0%
Properties Pending Sale .......................................
3
2
-33.3%
Properties For Sale ................................................
28
12
-57.1%
Days on Market (Pending Sale) ...........................
135
63
-53.3%
Month’s Supply of Inventory ................................
28.0
4.0
-85.7%
Percent Under Contract ........................................
10.7%
16.7%
55.6%
Average Median Price for Last 12 Months ........
$1,289,000
$1,256,108
-2.6%
*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
$900
S A L E S
$1.525
(in hundred thousands)
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$1,159,485 PROPERTIES FOR SALE
12 DAYS ON MARKET**
87 shadow inventory
9 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Mid Los Angeles DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$270,000
$405,000
50.0%
Average Price per Square Foot ...........................
$203
$262
29.1%
Properties Sold .......................................................
13
20
53.8%
Properties Pending Sale .......................................
6
15
150.0%
Properties For Sale ................................................
96
45
-53.1%
Days on Market (Pending Sale) ...........................
50
47
-6.0%
Month’s Supply of Inventory ................................
7.4
2.3
-69.5%
Percent Under Contract ........................................
6.3%
33.3%
433.3%
Average Median Price for Last 12 Months ........
$300,000
$310,096
3.3%
*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)
$405
P R I C E
yearly trend
M E D I A N
$270
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$310,096 PROPERTIES FOR SALE
45 DAYS ON MARKET**
57 shadow inventory
80
(90019 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Mid Wilshire DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$398,000
$425,000
6.8%
Average Price per Square Foot ...........................
$220
$305
38.6%
Properties Sold .......................................................
4
3
-25.0%
Properties Pending Sale .......................................
0
3
N/A
Properties For Sale ................................................
20
9
-55.0%
Days on Market (Pending Sale) ...........................
0
24
N/A
Month’s Supply of Inventory ................................
5.0
3.0
-40.0%
Percent Under Contract ........................................
0.0%
33.3%
N/A
Average Median Price for Last 12 Months ........
$439,000
$409,913
-7.1%
*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.
$425
M E D I A N
S A L E S
(in hundred thousands)
$398
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$378,381 PROPERTIES FOR SALE
9 DAYS ON MARKET**
24 shadow inventory
21
(90036 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Pacific Palisades DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$1,284,250
$1,881,000
46.5%
Average Price per Square Foot ...........................
$674
$666
-1.2%
Properties Sold .......................................................
19
30
57.9%
Properties Pending Sale .......................................
14
17
21.4%
Properties For Sale ................................................
144
90
-37.5%
Days on Market (Pending Sale) ...........................
98
66
-32.7%
Month’s Supply of Inventory ................................
7.6
3.0
-60.4%
Percent Under Contract ........................................
9.7%
18.9%
94.3%
Average Median Price for Last 12 Months ........
$1,693,000
$1,952,519
13.3%
*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
$1.284
S A L E S
$1.881
(in hundred thousands)
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$1,952,519 PROPERTIES FOR SALE
90 DAYS ON MARKET**
75 shadow inventory
31 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Palms - Mar Vista DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$785,000
$807,000
2.8%
Average Price per Square Foot ...........................
$480
$521
8.5%
Properties Sold .......................................................
18
27
50.0%
Properties Pending Sale .......................................
17
22
29.4%
Properties For Sale ................................................
101
47
-53.5%
Days on Market (Pending Sale) ...........................
69
24
-65.2%
Month’s Supply of Inventory ................................
5.6
1.7
-69.0%
Percent Under Contract ........................................
16.8%
46.8%
178.1%
Average Median Price for Last 12 Months ........
$738,000
$765,000
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.
$807
M E D I A N
S A L E S
(in hundred thousands)
$785
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$765,000 PROPERTIES FOR SALE
47 DAYS ON MARKET**
51 shadow inventory
80
(90066, 90034 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Playa del Rey DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$757,500
$1,195,000
57.8%
Average Price per Square Foot ...........................
$315
$425
34.9%
Properties Sold .......................................................
6
2
-66.7%
Properties Pending Sale .......................................
3
4
33.3%
Properties For Sale ................................................
19
11
-42.1%
Days on Market (Pending Sale) ...........................
117
64
-45.3%
Month’s Supply of Inventory ................................
3.2
5.5
73.7%
Percent Under Contract ........................................
15.8%
36.4%
130.3%
Average Median Price for Last 12 Months ........
$1,023,000
$955,135
-7.1%
*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)
$1.195
P R I C E
yearly trend
M E D I A N
$758
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$955,135 PROPERTIES FOR SALE
11 DAYS ON MARKET**
69 shadow inventory
10 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Playa Vista DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$800,000
$0
-100.0%
Average Price per Square Foot ...........................
$349
$0
-100.0%
Properties Sold .......................................................
1
0
-100.0%
Properties Pending Sale .......................................
0
0
N/A
Properties For Sale ................................................
2
1
-50.0%
Days on Market (Pending Sale) ...........................
0
0
N/A
Month’s Supply of Inventory ................................
2.0
N/A
N/A
Percent Under Contract ........................................
0.0%
0.0%
N/A
Average Median Price for Last 12 Months ........
$923,000
$1,059,656
12.9%
*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
$0 JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
M E D I A N
$800
DEC
(in hundred thousands)
P R I C E
yearly trend
telesintelligence.com
the numbers median sales price**
$652,096 PROPERTIES FOR SALE
1 DAYS ON MARKET**
67 shadow inventory
1 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Santa Monica DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$1,693,000
$2,216,675
30.9%
Average Price per Square Foot ...........................
$783
$1,018
30.0%
Properties Sold .......................................................
19
24
26.3%
Properties Pending Sale .......................................
11
11
0.0%
Properties For Sale ................................................
114
60
-47.4%
Days on Market (Pending Sale) ...........................
117
48
-59.0%
Month’s Supply of Inventory ................................
6.0
2.5
-58.3%
Percent Under Contract ........................................
9.6%
18.3%
90.0%
Average Median Price for Last 12 Months ........
$1,619,000
$1,812,777
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.
(in hundred thousands)
$2.217
P R I C E
yearly trend
M E D I A N
S A L E S
$1.693
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$1,812,777 PROPERTIES FOR SALE
60 DAYS ON MARKET**
57 shadow inventory
32 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Sunset Strip - Hollywood Hills West DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$1,480,000
$1,285,000
-13.2%
Average Price per Square Foot ...........................
$547
$637
16.5%
Properties Sold .......................................................
31
43
38.7%
Properties Pending Sale .......................................
14
26
85.7%
Properties For Sale ................................................
286
183
-36.0%
Days on Market (Pending Sale) ...........................
93
90
-3.2%
Month’s Supply of Inventory ................................
9.2
4.3
-53.9%
Percent Under Contract ........................................
4.9%
14.2%
190.2%
Average Median Price for Last 12 Months ........
$1,273,000
$1,362,265
6.6%
*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
$1.285
S A L E S
$1.480
(in hundred thousands)
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$1,362,265 PROPERTIES FOR SALE
183 DAYS ON MARKET**
77 shadow inventory
68
(90028, 90068 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Venice DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$1,145,000
$1,443,592
26.1%
Average Price per Square Foot ...........................
$661
$853
29.0%
Properties Sold .......................................................
15
20
33.3%
Properties Pending Sale .......................................
6
8
33.3%
Properties For Sale ................................................
100
40
-60.0%
Days on Market (Pending Sale) ...........................
20
73
265.0%
Month’s Supply of Inventory ................................
6.7
2.0
-70.0%
Percent Under Contract ........................................
6.0%
20.0%
233.3%
Average Median Price for Last 12 Months ........
$962,000
$1,143,092
18.8%
*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.
$1.444
M E D I A N
S A L E S
(in hundred thousands)
$1.145
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$1,143,092 PROPERTIES FOR SALE
40 DAYS ON MARKET**
67 shadow inventory
30 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
West Hollywood DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$1,116,450
$1,011,500
-9.4%
Average Price per Square Foot ...........................
$627
$621
-1.0%
Properties Sold .......................................................
10
6
-40.0%
Properties Pending Sale .......................................
7
3
-57.1%
Properties For Sale ................................................
61
30
-50.8%
Days on Market (Pending Sale) ...........................
46
72
56.5%
Month’s Supply of Inventory ................................
6.1
5.0
-18.0%
Percent Under Contract ........................................
11.5%
10.0%
-12.9%
Average Median Price for Last 12 Months ........
$914,000
$1,081,766
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
$1.012
S A L E S
$1.116
(in hundred thousands)
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$1,081,766 PROPERTIES FOR SALE
30 DAYS ON MARKET**
63 shadow inventory
11 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
West Los Angeles DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$570,000
$644,000
13.0%
Average Price per Square Foot ...........................
$417
$538
29.0%
Properties Sold .......................................................
7
6
-14.3%
Properties Pending Sale .......................................
2
6
200.0%
Properties For Sale ................................................
30
18
-40.0%
Days on Market (Pending Sale) ...........................
24
34
41.7%
Month’s Supply of Inventory ................................
4.3
3.0
-30.0%
Percent Under Contract ........................................
6.7%
33.3%
400.0%
Average Median Price for Last 12 Months ........
$610,000
$621,864
1.9%
*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.
$644
M E D I A N
S A L E S
(in hundred thousands)
$570
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$621,864 PROPERTIES FOR SALE
18 DAYS ON MARKET**
41 shadow inventory
12
(90025 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Westchester DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$600,000
$649,000
8.2%
Average Price per Square Foot ...........................
$414
$420
1.4%
Properties Sold .......................................................
23
23
0.0%
Properties Pending Sale .......................................
13
16
23.1%
Properties For Sale ................................................
66
36
-45.5%
Days on Market (Pending Sale) ...........................
82
37
-54.9%
Month’s Supply of Inventory ................................
2.9
1.6
-45.5%
Percent Under Contract ........................................
19.7%
44.4%
125.6%
Average Median Price for Last 12 Months ........
$634,000
$627,810
-1.0%
*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.
$649
M E D I A N
S A L E S
(in hundred thousands)
$600
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$627,810 PROPERTIES FOR SALE
36 DAYS ON MARKET**
46 shadow inventory
59
(90045 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Westwood - Century City DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$1,558,303
$1,277,750
-18.0%
Average Price per Square Foot ...........................
$589
$590
0.2%
Properties Sold .......................................................
17
20
17.6%
Properties Pending Sale .......................................
11
8
-27.3%
Properties For Sale ................................................
69
26
-62.3%
Days on Market (Pending Sale) ...........................
43
19
-55.8%
Month’s Supply of Inventory ................................
4.1
1.3
-68.0%
Percent Under Contract ........................................
15.9%
30.8%
93.0%
Average Median Price for Last 12 Months ........
$1,299,000
$1,317,833
1.4%
*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
$1.278
S A L E S
$1.558
(in hundred thousands)
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$1,317,833 PROPERTIES FOR SALE
26 DAYS ON MARKET**
47 shadow inventory
9
(90024, 90067 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
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References
CONTACTS:
Zachariah Kahn Research & Data Designer, Teles Intelligence zach@telesintelligence.com Sharran Srivatsaa Chief Executive Officer, Teles Intelligence sharran.srivatsaa@telesproperties.com
location:
Teles Intelligence 11990 San Vicente Blvd, Suite 100 Los Angeles, Ca 90049
Phone:
424.203.1800 email:
info@telesintelligence.com
Teles intelligence DECemBER 2012 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.