Teles intelligence
micro market report orange county 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.
orange county
san fern
south b
Orange Country Macro Market
East Bluff - Harbor View
Irvine
Balboa Peninsula
East Costa Mesa
Laguna Beach (all areas)
Corona del Mar - Spyglass
Fountain Valley
Lower Newport Bay - Balb
Crystal Cove
Huntington Beach
Newport Beach (all areas)
Micro Market Report : December 2012
telesintelligence.com
nando
san gabriel
bay
los angeles Newport Coast
West Newport - Lido
Newport Heights
Westminster
boa Island
Turtle Ridge
)
West Bay - Santa Ana Heights
December 2012 : Micro Market Report
Orange County Macro Market DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$1,488,108
$1,596,761
7.3%
Average Price per Square Foot ...........................
$580
$620
7.0%
Properties Sold .......................................................
337
404
19.9%
Properties Pending Sale .......................................
290
371
27.9%
Properties For Sale ................................................
2693
1498
-44.4%
Days on Market (Pending Sale) ...........................
119
60
-49.9%
Month’s Supply of Inventory ................................
8.0
3.7
-53.6%
Percent Under Contract ........................................
10.8%
24.8%
130.0%
Average Median Price for Last 12 Months ........
$1,470,118
$1,481,086
0.7%
*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.
$1.597
M E D I A N
S A L E S
(in hundred thousands)
$1.488
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
Balboa Peninsula DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$2,912,500
$2,375,000
-18.5%
Average Price per Square Foot ...........................
$1,051
$972
-7.5%
Properties Sold .......................................................
2
9
350.0%
Properties Pending Sale .......................................
0
3
N/A
Properties For Sale ................................................
68
43
-36.8%
Days on Market (Pending Sale) ...........................
0
84
N/A
Month’s Supply of Inventory ................................
34.0
4.8
-85.9%
Percent Under Contract ........................................
0.0%
7.0%
N/A
Average Median Price for Last 12 Months ........
$2,228,000
$2,173,529
-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
$2.375
S A L E S
$2.913
(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**
$2,173,529 PROPERTIES FOR SALE
43 DAYS ON MARKET**
145 shadow inventory
3
(92663, 92661 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Corona del Mar - Spyglass DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$1,800,000
$1,837,500
2.1%
Average Price per Square Foot ...........................
$1,017
$760
-25.3%
Properties Sold .......................................................
14
11
-21.4%
Properties Pending Sale .......................................
8
12
50.0%
Properties For Sale ................................................
115
67
-41.7%
Days on Market (Pending Sale) ...........................
111
50
-55.0%
Month’s Supply of Inventory ................................
8.2
6.1
-25.8%
Percent Under Contract ........................................
7.0%
17.9%
157.5%
Average Median Price for Last 12 Months ........
$1,841,000
$1,795,168
-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
(in hundred thousands)
$1.838
$1.800
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**
$1,795,168 PROPERTIES FOR SALE
67 DAYS ON MARKET**
97 shadow inventory
15
(92625 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Crystal Cove DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$6,800,000
$4,225,000
-37.9%
Average Price per Square Foot ...........................
$1,007
$947
-6.0%
Properties Sold .......................................................
1
5
400.0%
Properties Pending Sale .......................................
2
1
-50.0%
Properties For Sale ................................................
27
16
-40.7%
Days on Market (Pending Sale) ...........................
357
1
-99.7%
Month’s Supply of Inventory ................................
27.0
3.2
-88.1%
Percent Under Contract ........................................
7.4%
6.3%
-15.6%
Average Median Price for Last 12 Months ........
$4,218,000
$3,918,981
-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.
M E D I A N
$4.225
S A L E S
$6.800
(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**
$3,918,981 PROPERTIES FOR SALE
16 DAYS ON MARKET**
98 shadow inventory
29
(92657 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
East Bluff - Harbor View DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$1,120,000
$1,395,000
24.6%
Average Price per Square Foot ...........................
$489
$559
14.3%
Properties Sold .......................................................
17
16
-5.9%
Properties Pending Sale .......................................
16
10
-37.5%
Properties For Sale ................................................
114
67
-41.2%
Days on Market (Pending Sale) ...........................
109
46
-57.8%
Month’s Supply of Inventory ................................
6.7
4.2
-37.6%
Percent Under Contract ........................................
14.0%
14.9%
6.3%
Average Median Price for Last 12 Months ........
$1,416,000
$1,339,188
-5.4%
*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.
S A L E S
(in hundred thousands)
$1.395
P R I C E
yearly trend
M E D I A N
$1.120
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**
$1,339,188 PROPERTIES FOR SALE
67 DAYS ON MARKET**
87 shadow inventory
48
(92660 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
East Costa Mesa DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$580,000
$802,500
38.4%
Average Price per Square Foot ...........................
$323
$436
35.0%
Properties Sold .......................................................
9
10
11.1%
Properties Pending Sale .......................................
9
12
33.3%
Properties For Sale ................................................
68
41
-39.7%
Days on Market (Pending Sale) ...........................
93
65
-30.1%
Month’s Supply of Inventory ................................
7.6
4.1
-45.7%
Percent Under Contract ........................................
13.2%
29.3%
121.1%
Average Median Price for Last 12 Months ........
$661,000
$667,300
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.
(in hundred thousands)
$803
P R I C E
yearly trend
M E D I A N
S A L E S
$580
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**
$667,300 PROPERTIES FOR SALE
41 DAYS ON MARKET**
88 shadow inventory
57
(92627 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Fountain Valley DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$550,000
$594,950
8.2%
Average Price per Square Foot ...........................
$284
$293
3.2%
Properties Sold .......................................................
15
22
46.7%
Properties Pending Sale .......................................
17
17
0.0%
Properties For Sale ................................................
131
53
-59.5%
Days on Market (Pending Sale) ...........................
102
53
-48.0%
Month’s Supply of Inventory ................................
8.7
2.4
-72.4%
Percent Under Contract ........................................
13.0%
32.1%
147.2%
Average Median Price for Last 12 Months ........
$551,000
$562,727
2.1%
*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.
$595
M E D I A N
S A L E S
(in hundred thousands)
$550
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**
$562,727 PROPERTIES FOR SALE
53 DAYS ON MARKET**
65 shadow inventory
82 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Huntington Beach DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$548,000
$665,000
21.4%
Average Price per Square Foot ...........................
$340
$368
8.2%
Properties Sold .......................................................
80
89
11.3%
Properties Pending Sale .......................................
66
95
43.9%
Properties For Sale ................................................
495
271
-45.3%
Days on Market (Pending Sale) ...........................
117
42
-64.1%
Month’s Supply of Inventory ................................
6.2
3.0
-50.8%
Percent Under Contract ........................................
13.3%
35.1%
162.9%
Average Median Price for Last 12 Months ........
$596,000
$613,087
2.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$665
M E D I A N
S A L E S
(in hundred thousands)
$548
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**
$613,807 PROPERTIES FOR SALE
271 DAYS ON MARKET**
80 shadow inventory
241 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Irvine DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$667,944
$872,500
30.6%
Average Price per Square Foot ...........................
$347
$393
13.3%
Properties Sold .......................................................
64
78
21.9%
Properties Pending Sale .......................................
50
75
50.0%
Properties For Sale ................................................
398
211
-47.0%
Days on Market (Pending Sale) ...........................
111
60
-45.9%
Month’s Supply of Inventory ................................
6.2
2.7
-56.5%
Percent Under Contract ........................................
12.6%
35.5%
182.9%
Average Median Price for Last 12 Months ........
$716,000
$747,094
4.3%
*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.
$873
M E D I A N
S A L E S
(in hundred thousands)
$668
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**
$747,094 PROPERTIES FOR SALE
211 DAYS ON MARKET**
80 shadow inventory
173 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Laguna Beach DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$1,210,000
$1,555,000
28.5%
Average Price per Square Foot ...........................
$746
$1,074
44.0%
Properties Sold .......................................................
30
30
0.0%
Properties Pending Sale .......................................
23
23
0.0%
Properties For Sale ................................................
302
189
-37.4%
Days on Market (Pending Sale) ...........................
139
58
-58.3%
Month’s Supply of Inventory ................................
10.1
6.3
-37.4%
Percent Under Contract ........................................
7.6%
12.2%
59.8%
Average Median Price for Last 12 Months ........
$1,207,000
$1,307,585
8.3%
*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)
$1.555
P R I C E
yearly trend
M E D I A N
S A L E S
$1.210
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**
$1,307,585 PROPERTIES FOR SALE
189 DAYS ON MARKET**
129 shadow inventory
52 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Lower Newport Bay - Balboa Island DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$2,325,000
$3,750,000
61.3%
Average Price per Square Foot ...........................
$995
$1,008
1.3%
Properties Sold .......................................................
3
7
133.3%
Properties Pending Sale .......................................
0
6
N/A
Properties For Sale ................................................
55
34
-38.2%
Days on Market (Pending Sale) ...........................
0
58
N/A
Month’s Supply of Inventory ................................
18.3
4.9
-73.5%
Percent Under Contract ........................................
0.0%
17.6%
N/A
Average Median Price for Last 12 Months ........
$2,271,000
$2,250,808
-0.9%
*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)
$3.750
P R I C E
yearly trend
M E D I A N
$2.325
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**
$2,250,808 PROPERTIES FOR SALE
34 DAYS ON MARKET**
112 shadow inventory
27
(92660, 92662, 92663 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Newport Beach DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$1,142,500
$1,665,000
45.7%
Average Price per Square Foot ...........................
$561
$710
26.6%
Properties Sold .......................................................
38
55
44.7%
Properties Pending Sale .......................................
35
38
8.6%
Properties For Sale ................................................
403
238
-40.9%
Days on Market (Pending Sale) ...........................
120
81
-32.5%
Month’s Supply of Inventory ................................
10.6
4.3
-59.2%
Percent Under Contract ........................................
8.7%
16.0%
83.8%
Average Median Price for Last 12 Months ........
$1,383,000
$1,386,038
0.2%
*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)
$1.665
P R I C E
yearly trend
M E D I A N
$1.143
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**
$1,386,038 PROPERTIES FOR SALE
238 DAYS ON MARKET**
107 shadow inventory
83 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Newport Coast DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$1,725,000
$2,496,000
44.7%
Average Price per Square Foot ...........................
$615
$745
21.1%
Properties Sold .......................................................
13
15
15.4%
Properties Pending Sale .......................................
20
16
-20.0%
Properties For Sale ................................................
130
76
-41.5%
Days on Market (Pending Sale) ...........................
169
89
-47.3%
Month’s Supply of Inventory ................................
10.0
5.1
-49.3%
Percent Under Contract ........................................
15.4%
21.1%
36.8%
Average Median Price for Last 12 Months ........
$1,979,000
$2,056,635
3.9%
*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)
$2.496
P R I C E
yearly trend
M E D I A N
$1.725
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**
$2,056,635 PROPERTIES FOR SALE
76 DAYS ON MARKET**
94 shadow inventory
24 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Newport Heights DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$1,250,000
$980,000
-21.6%
Average Price per Square Foot ...........................
$445
$830
86.5%
Properties Sold .......................................................
5
3
-40.0%
Properties Pending Sale .......................................
4
2
-50.0%
Properties For Sale ................................................
31
19
-38.7%
Days on Market (Pending Sale) ...........................
163
29
-82.2%
Month’s Supply of Inventory ................................
6.2
6.3
2.2%
Percent Under Contract ........................................
12.9%
10.5%
-18.4%
Average Median Price for Last 12 Months ........
$1,223,000
$1,210,154
-1.1%
*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
$980
S A L E S
$1.250
(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**
$1,210,154 PROPERTIES FOR SALE
19 DAYS ON MARKET**
87 shadow inventory
25
(92663 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Turtle Ridge DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$1,762,500
$2,250,000
27.7%
Average Price per Square Foot ...........................
$583
$619
6.2%
Properties Sold .......................................................
4
5
25.0%
Properties Pending Sale .......................................
1
4
300.0%
Properties For Sale ................................................
23
20
-13.0%
Days on Market (Pending Sale) ...........................
201
85
-57.7%
Month’s Supply of Inventory ................................
5.8
4.0
-30.4%
Percent Under Contract ........................................
4.3%
20.0%
360.0%
Average Median Price for Last 12 Months ........
$1,808,000
$1,949,423
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.
(in hundred thousands)
$2.250
P R I C E
yearly trend
M E D I A N
S A L E S
$1.763
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**
$1,949,423 PROPERTIES FOR SALE
20 DAYS ON MARKET**
118 shadow inventory
27
(92603 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
West Bay - Santa Ana Heights DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$1,067,500
$1,090,750
2.2%
Average Price per Square Foot ...........................
$492
$405
-17.7%
Properties Sold .......................................................
6
8
33.3%
Properties Pending Sale .......................................
8
8
0.0%
Properties For Sale ................................................
64
40
-37.5%
Days on Market (Pending Sale) ...........................
134
134
0.0%
Month’s Supply of Inventory ................................
10.7
5.0
-53.1%
Percent Under Contract ........................................
12.5%
20.0%
60.0%
Average Median Price for Last 12 Months ........
$1,088,000
$1,189,960
9.4%
*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
$1.091
$1.068
(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**
$1,189,960 PROPERTIES FOR SALE
40 DAYS ON MARKET**
99 shadow inventory
48
(92660 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
West Newport - Lido DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$950,000
$1,782,500
87.6%
Average Price per Square Foot ...........................
$884
$781
-11.7%
Properties Sold .......................................................
5
12
140.0%
Properties Pending Sale .......................................
6
9
50.0%
Properties For Sale ................................................
70
35
-50.0%
Days on Market (Pending Sale) ...........................
112
100
-10.7%
Month’s Supply of Inventory ................................
14.0
2.9
-79.2%
Percent Under Contract ........................................
8.6%
25.7%
200.0%
Average Median Price for Last 12 Months ........
$1,401,000
$1,613,980
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.
$950
DEC
S A L E S M E D I A N
$1.783
(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**
$1,613,980 PROPERTIES FOR SALE
35 DAYS ON MARKET**
121 shadow inventory
25
(92663 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Westminster DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$375,000
$405,000
8.0%
Average Price per Square Foot ...........................
$256
$261
2.0%
Properties Sold .......................................................
31
29
-6.5%
Properties Pending Sale .......................................
25
40
60.0%
Properties For Sale ................................................
199
78
-60.8%
Days on Market (Pending Sale) ...........................
100
36
-64.0%
Month’s Supply of Inventory ................................
6.4
2.7
-58.1%
Percent Under Contract ........................................
12.6%
51.3%
308.2%
Average Median Price for Last 12 Months ........
$405,000
$396,808
-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.
$405
M E D I A N
S A L E S
(in hundred thousands)
$375
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**
$396,808 PROPERTIES FOR SALE
78 DAYS ON MARKET**
70 shadow inventory
128 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Navigating Solutions. At Riviera Financial, the business of real estate finance is about much more than loans. It is about offering diverse and competitive products; advising borrowers to make informed choices to support and protect their security; providing extraordinarily thorough customer care; and navigating solutions. Our customers expect and deserve the highest level of service and performance in all of their borrowing activities. When it comes to dedicated, comprehensive real estate finance, Riviera Financial delivers.
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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.