Teles intelligence
micro market report los angeles December 2013 | SINGLE FAMILY HOMES REPORT
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
Median Price:
Days of market (Pending Sale):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
Month’s Supply of Inventory:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
Average Price per Square Foot:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
Percent Under Contract:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
Properties Sold:
The number of property transactions
Average Median Price for Last 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
Properties Pending Sale:
ending in the identified month
The number of properties that entered escrow in preparation for sale.
Shadow Inventory:
Properties in Pre-Foreclosure, Bank Properties For Sale:
Owned or Auction as identified by
The number of properties on the
ForeclosureRadar.com
market and seeking buyers.
los angeles
orange
san gab
Los Angeles Macro Market
Brentwood
Laurel Canyon
Bel Air - Holmby Hills
Cheviot Hills - Rancho Park
Los Feliz
Beverly Center - Miracle Mile
Culver City
Malibu
Beverly Hills
Hancock Park - Wilshire
Malibu Beach
Beverly Hills P.O.
Hollywood
Marina del Rey
Beverlywood
Hollywood Hills East
Mid Los Angeles
Micro Market Report : December 2013
telesintelligence.com
e county
san fernando
briel
south bay Mid Wilshire
Sunset Strip - Hollywood Hills West
Pacific Palisades
Venice
Palms - Mar Vista
West Hollywood
Playa del Rey
West Los Angeles
Playa Vista
Westchester
Santa Monica
Westwood - Century City
December 2013 : Micro Market Report
Los Angeles County DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$731,000
$871,000
19.2%
Average Price per Square Foot ...........................
$570
$607
6.5%
Properties Sold .......................................................
863
705
-18.3%
Properties Pending Sale .......................................
566
511
-9.7%
Properties For Sale ................................................
3,013
2,953
-2.0%
Days on Market (Pending Sale) ...........................
78
60
-23.1%
Month’s Supply of Inventory ................................
3.5
4.2
20.0%
Percent Under Contract ........................................
18.8%
17.3%
-7.9%
Average Median Price for Last 12 Months ........
$614,000
$801,615
23.4%
*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.
$871
M E D I A N
S A L E S
(in hundred thousands)
$731
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Bel-Air Holmby Hills DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$2,059,000
$1,526,000
-25.9%
Average Price per Square Foot ...........................
$943
$736
-22.0%
Properties Sold .......................................................
18
15
-16.7%
Properties Pending Sale .......................................
13
12
-7.7%
Properties For Sale ................................................
126
121
-4.0%
Days on Market (Pending Sale) ...........................
192
93
-51.6%
Month’s Supply of Inventory ................................
7
8.1
15.2%
Percent Under Contract ........................................
10.3%
8.0%
-22.5%
Average Median Price for Last 12 Months ........
$1,941,000
$1,936,234
-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.
M E D I A N
$1.526
S A L E S
$2.059
(in hundred thousands)
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$1,936,234
PROPERTIES FOR SALE
121
DAYS ON MARKET**
90
shadow inventory
9
(9.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Beverly Center - Miracle Mile DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$999,000
$1,235,000
23.6%
Average Price per Square Foot ...........................
$491
$535
9.0%
Properties Sold .......................................................
21
13
-38.1%
Properties Pending Sale .......................................
12
11
-8.3%
Properties For Sale ................................................
50
44
-12.0%
Days on Market (Pending Sale) ...........................
34
50
47.1%
Month’s Supply of Inventory ................................
2.4
3.4
42.2%
Percent Under Contract ........................................
24.0%
25.0%
4.2%
Average Median Price for Last 12 Months ........
$915,000
$1,190,092
23.1%
*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)
$1.235
P R I C E
yearly trend
M E D I A N
$999
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$1,190,092
PROPERTIES FOR SALE
44
DAYS ON MARKET**
45
shadow inventory
12
(12.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Beverly Hills DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$5,295,000
$6,219,900
17.5%
Average Price per Square Foot ...........................
$992
$1,202
21.2%
Properties Sold .......................................................
23
12
-47.8%
Properties Pending Sale .......................................
14
7
-50.0%
Properties For Sale ................................................
93
79
-15.1%
Days on Market (Pending Sale) ...........................
130
83
-36.2%
Month’s Supply of Inventory ................................
4
6.6
62.8%
Percent Under Contract ........................................
15.1%
8.9%
-41.1%
Average Median Price for Last 12 Months ........
$4,089,000
$4,673,531
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.
$6.219
M E D I A N
S A L E S
(in hundred thousands)
$5.295
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$4,673,531
PROPERTIES FOR SALE
79
DAYS ON MARKET**
92
shadow inventory
22
(22.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Beverly Hills- Post Office DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$1,430,000
$2,062,500
44.2%
Average Price per Square Foot ...........................
$655
$909
38.8%
Properties Sold .......................................................
13
12
-7.7%
Properties Pending Sale .......................................
10
10
0.0%
Properties For Sale ................................................
96
110
14.6%
Days on Market (Pending Sale) ...........................
137
81
-40.9%
Month’s Supply of Inventory ................................
7.4
9.2
24.1%
Percent Under Contract ........................................
10.4%
9.1%
-12.7%
Average Median Price for Last 12 Months ........
$1,999,000
$1,996,722
-0.1%
*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)
$2.062
P R I C E
yearly trend
M E D I A N
$1.430
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$1,996,722
PROPERTIES FOR SALE
110
DAYS ON MARKET**
74
shadow inventory
20
(20.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Beverlywood DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$799,000
$1,287,500
61.1%
Average Price per Square Foot ...........................
$475
$557
17.3%
Properties Sold .......................................................
17
14
-17.6%
Properties Pending Sale .......................................
5
9
80.0%
Properties For Sale ................................................
30
45
50.0%
Days on Market (Pending Sale) ...........................
54
46
-14.8%
Month’s Supply of Inventory ................................
1.8
3.2
82.1%
Percent Under Contract ........................................
16.7%
20.0%
20.0%
Average Median Price for Last 12 Months ........
$782,000
$873,447
10.5%
*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.
S A L E S
(in hundred thousands)
$1.287
P R I C E
yearly trend
M E D I A N
$799
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$873,447
PROPERTIES FOR SALE
45
DAYS ON MARKET**
44
shadow inventory
12
(12.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Brentwood DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$2,000,000
$2,402,778
20.1%
Average Price per Square Foot ...........................
$913
$889
-2.6%
Properties Sold .......................................................
31
24
-22.6%
Properties Pending Sale .......................................
19
15
-21.1%
Properties For Sale ................................................
91
78
-14.3%
Days on Market (Pending Sale) ...........................
116
56
-51.7%
Month’s Supply of Inventory ................................
2.9
3.2
10.7%
Percent Under Contract ........................................
20.9%
19.2%
-7.9%
Average Median Price for Last 12 Months ........
$1,850,000
$2,311,637
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.
(in hundred thousands)
$2.402
P R I C E
yearly trend
M E D I A N
S A L E S
$2.000
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$2,311,637
PROPERTIES FOR SALE
78
DAYS ON MARKET**
60
shadow inventory
11
(11.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Cheviot Hills - Rancho Park DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$1,395,000
$1,429,000
2.4%
Average Price per Square Foot ...........................
$578
$572
-1.0%
Properties Sold .......................................................
9
8
-11.1%
Properties Pending Sale .......................................
2
3
50.0%
Properties For Sale ................................................
11
13
18.2%
Days on Market (Pending Sale) ...........................
14
41
192.9%
Month’s Supply of Inventory ................................
1.2
1.6
33.0%
Percent Under Contract ........................................
18.2%
23.1%
26.9%
Average Median Price for Last 12 Months ........
$1,314,000
$1,399,346
6.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.429
$1.395
(in hundred thousands)
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$1,399,346
PROPERTIES FOR SALE
13
DAYS ON MARKET**
31
shadow inventory
9
(9.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Culver City DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$654,000
$900,000
37.6%
Average Price per Square Foot ...........................
$410
$538
31.2%
Properties Sold .......................................................
18
15
-16.7%
Properties Pending Sale .......................................
12
7
-41.7%
Properties For Sale ................................................
35
35
0.0%
Days on Market (Pending Sale) ...........................
41
42
2.4%
Month’s Supply of Inventory ................................
1.9
2.3
20.0%
Percent Under Contract ........................................
34.3%
20.0%
-41.7%
Average Median Price for Last 12 Months ........
$645,000
$785,313
17.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
(in hundred thousands)
$900
P R I C E
yearly trend
M E D I A N
S A L E S
$654
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$785,313
PROPERTIES FOR SALE
35
DAYS ON MARKET**
37
shadow inventory
16
(16.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Hancock Park - Wilshire DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$1,195,000
$1,150,000
-3.8%
Average Price per Square Foot ...........................
$540
$504
-6.7%
Properties Sold .......................................................
23
25
8.7%
Properties Pending Sale .......................................
11
18
63.6%
Properties For Sale ................................................
58
86
48.3%
Days on Market (Pending Sale) ...........................
102
40
-60.8%
Month’s Supply of Inventory ................................
2.5
3.4
36.4%
Percent Under Contract ........................................
19.0%
20.9%
10.4%
Average Median Price for Last 12 Months ........
$983,000
$1,157,760
15.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.150
(in hundred thousands)
$1.195
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$1,157,760
PROPERTIES FOR SALE
86
DAYS ON MARKET**
51
shadow inventory
10
(10.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Hollywood DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$1,250,000
$489,500
-60.8%
Average Price per Square Foot ...........................
$577
$570
-1.2%
Properties Sold .......................................................
3
4
33.3%
Properties Pending Sale .......................................
4
1
-75.0%
Properties For Sale ................................................
13
10
-23.1%
Days on Market (Pending Sale) ...........................
45
22
-51.1%
Month’s Supply of Inventory ................................
4.3
2.5
-42.3%
Percent Under Contract ........................................
30.8%
10.0%
-67.5%
Average Median Price for Last 12 Months ........
$588,000
$674,346
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.
M E D I A N
$489
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 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$674,346
PROPERTIES FOR SALE
10
DAYS ON MARKET**
40
shadow inventory
29
(29.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Hollywood Hills East DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$1,000,000
$1,381,000
38.1%
Average Price per Square Foot ...........................
$415
$572
37.8%
Properties Sold .......................................................
17
5
-70.6%
Properties Pending Sale .......................................
10
11
10.0%
Properties For Sale ................................................
49
46
-6.1%
Days on Market (Pending Sale) ...........................
78
59
-24.4%
Month’s Supply of Inventory ................................
4.9
9.2
87.8%
Percent Under Contract ........................................
20.4%
23.9%
17.2%
Average Median Price for Last 12 Months ........
$929,000
$1,041,065
10.8%
*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)
$1.381
P R I C E
yearly trend
M E D I A N
S A L E S
$1.000
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$1,041,065
PROPERTIES FOR SALE
46
DAYS ON MARKET**
56
shadow inventory
7
(7.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Laurel Canyon DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$1,200,000
$1,400,000
16.7%
Average Price per Square Foot ...........................
$553
$835
51.0%
Properties Sold .......................................................
29
19
-34.5%
Properties Pending Sale .......................................
14
116
728.6%
Properties For Sale ................................................
95
118
24.2%
Days on Market (Pending Sale) ...........................
87
43
-50.6%
Month’s Supply of Inventory ................................
6.8
6.2
-8.5%
Percent Under Contract ........................................
14.7%
98.3%
567.1%
Average Median Price for Last 12 Months ........
$1,122,000
$1,219,821
8.0%
*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.
$1.400
M E D I A N
S A L E S
(in hundred thousands)
$1.200
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$1,219,821
PROPERTIES FOR SALE
118
DAYS ON MARKET**
55
shadow inventory
24
(24.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Los Feliz DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$880,000
$1,685,000
91.5%
Average Price per Square Foot ...........................
$485
$575
18.6%
Properties Sold .......................................................
15
17
13.3%
Properties Pending Sale .......................................
12
14
16.7%
Properties For Sale ................................................
65
71
9.2%
Days on Market (Pending Sale) ...........................
92
31
-66.3%
Month’s Supply of Inventory ................................
5.4
4.2
-22.9%
Percent Under Contract ........................................
18.5%
19.7%
6.8%
Average Median Price for Last 12 Months ........
$964,000
$1,208,325
20.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$1.685
P R I C E
yearly trend
M E D I A N
$880
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$1,208,325
PROPERTIES FOR SALE
71
DAYS ON MARKET**
49
shadow inventory
11
(11.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Malibu DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$2,250,000
$3,370,000
49.8%
Average Price per Square Foot ...........................
$619
$625
1.0%
Properties Sold .......................................................
23
13
-43.5%
Properties Pending Sale .......................................
10
9
-10.0%
Properties For Sale ................................................
155
175
12.9%
Days on Market (Pending Sale) ...........................
288
170
-41.0%
Month’s Supply of Inventory ................................
6.7
13.5
99.8%
Percent Under Contract ........................................
6.5%
5.1%
-20.3%
Average Median Price for Last 12 Months ........
$1,782,000
$2,045,173
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.
(in hundred thousands)
$3.370
P R I C E
yearly trend
M E D I A N
S A L E S
$2.250
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$2,045,173
PROPERTIES FOR SALE
175
DAYS ON MARKET**
137
shadow inventory
22
(22.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Malibu Beach DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$6,200,000
$4,300,000
-30.6%
Average Price per Square Foot ...........................
$2,474
$2,042
-17.5%
Properties Sold .......................................................
9
9
0.0%
Properties Pending Sale .......................................
2
2
0.0%
Properties For Sale ................................................
80
60
-25.0%
Days on Market (Pending Sale) ...........................
530
142
-73.2%
Month’s Supply of Inventory ................................
8.9
6.7
-25.0%
Percent Under Contract ........................................
2.5%
3.3%
33.3%
Average Median Price for Last 12 Months ........
$5,565,000
$6,123,779
9.1%
*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
$4.300
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
M E D I A N
$6.200
Dec
(in hundred thousands)
P R I C E
yearly trend
telesintelligence.com
the numbers median sales price**
$6,123,779
PROPERTIES FOR SALE
60
DAYS ON MARKET**
171
shadow inventory
2
(2.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Marina Del Rey DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$1,290,000
$1,695,000
31.4%
Average Price per Square Foot ...........................
$520
$640
23.1%
Properties Sold .......................................................
4
3
-25.0%
Properties Pending Sale .......................................
1
2
100.0%
Properties For Sale ................................................
14
20
42.9%
Days on Market (Pending Sale) ...........................
58
118
103.4%
Month’s Supply of Inventory ................................
3.5
6.7
90.5%
Percent Under Contract ........................................
7.1%
10.0%
40.0%
Average Median Price for Last 12 Months ........
$1,289,000
$1,539,225
16.3%
*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)
$1.695
P R I C E
yearly trend
M E D I A N
$1.290
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$1,539,225
PROPERTIES FOR SALE
20
DAYS ON MARKET**
59
shadow inventory
3
(3.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Mid Los Angeles DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$402,500
$500,000
24.2%
Average Price per Square Foot ...........................
$255
$343
34.5%
Properties Sold .......................................................
22
19
-13.6%
Properties Pending Sale .......................................
13
14
7.7%
Properties For Sale ................................................
51
57
11.8%
Days on Market (Pending Sale) ...........................
58
91
56.9%
Month’s Supply of Inventory ................................
2.3
3
29.4%
Percent Under Contract ........................................
25.5%
24.6%
-3.6%
Average Median Price for Last 12 Months ........
$310,000
$440,500
29.6%
*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)
$500
P R I C E
yearly trend
M E D I A N
$402
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$440,500
PROPERTIES FOR SALE
57
DAYS ON MARKET**
44
shadow inventory
40
(40.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Mid Wilshire DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$425,000
$647,500
52.4%
Average Price per Square Foot ...........................
$305
$273
-10.5%
Properties Sold .......................................................
3
1
-66.7%
Properties Pending Sale .......................................
3
1
-66.7%
Properties For Sale ................................................
12
10
-16.7%
Days on Market (Pending Sale) ...........................
56
58
3.6%
Month’s Supply of Inventory ................................
4
10
150.0%
Percent Under Contract ........................................
25.0%
10.0%
-60.0%
Average Median Price for Last 12 Months ........
$410,000
$501,313
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.
S A L E S
(in hundred thousands)
$647
P R I C E
yearly trend
M E D I A N
$425
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$501,313
PROPERTIES FOR SALE
10
DAYS ON MARKET**
38
shadow inventory
7
(7.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Pacific Palisades DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$1,881,000
$2,805,000
49.1%
Average Price per Square Foot ...........................
$666
$876
31.5%
Properties Sold .......................................................
30
22
-26.7%
Properties Pending Sale .......................................
17
9
-47.1%
Properties For Sale ................................................
92
89
-3.3%
Days on Market (Pending Sale) ...........................
83
68
-18.1%
Month’s Supply of Inventory ................................
3.1
4
31.9%
Percent Under Contract ........................................
18.5%
10.1%
-45.3%
Average Median Price for Last 12 Months ........
$1,965,000
$2,257,499
13.0%
*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)
$2.805
P R I C E
yearly trend
M E D I A N
S A L E S
$1.881
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$2,257,499
PROPERTIES FOR SALE
89
DAYS ON MARKET**
65
shadow inventory
11
(11.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Palms - Mar Vista DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$803,000
$1,050,000
30.8%
Average Price per Square Foot ...........................
$521
$606
16.3%
Properties Sold .......................................................
28
27
-3.6%
Properties Pending Sale .......................................
21
13
-38.1%
Properties For Sale ................................................
50
49
-2.0%
Days on Market (Pending Sale) ...........................
48
37
-22.9%
Month’s Supply of Inventory ................................
1.8
1.8
1.6%
Percent Under Contract ........................................
42.0%
26.5%
-36.8%
Average Median Price for Last 12 Months ........
$765,000
$916,367
16.5%
*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.
(in hundred thousands)
$1.050
P R I C E
yearly trend
M E D I A N
S A L E S
$803
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$916,367
PROPERTIES FOR SALE
49
DAYS ON MARKET**
37
shadow inventory
40
(40.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Playa Del Rey DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$1,195,000
$1,015,000
-15.1%
Average Price per Square Foot ...........................
$425
$578
36.0%
Properties Sold .......................................................
2
1
-50.0%
Properties Pending Sale .......................................
4
2
-50.0%
Properties For Sale ................................................
11
14
27.3%
Days on Market (Pending Sale) ...........................
73
35
-52.1%
Month’s Supply of Inventory ................................
5.5
14
154.5%
Percent Under Contract ........................................
36.4%
14.3%
-60.7%
Average Median Price for Last 12 Months ........
$955,000
$1,187,000
19.5%
*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
$1.015
S A L E S
$1.195
(in hundred thousands)
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$1,187,000
PROPERTIES FOR SALE
14
DAYS ON MARKET**
57
shadow inventory
3
(3.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Playa Vista DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$0
$1,460,000
%
Average Price per Square Foot ...........................
$0
$388
%
Properties Sold .......................................................
0
1
%
Properties Pending Sale .......................................
0
2
%
Properties For Sale ................................................
1
5
400.0%
Days on Market (Pending Sale) ...........................
0
67
%
5
%
Month’s Supply of Inventory ................................ Percent Under Contract ........................................
0.0%
40.0%
%
Average Median Price for Last 12 Months ........
$1,060,000
$1,354,300
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.
M E D I A N
S A L E S
(in hundred thousands)
$1.460
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$1,354,300
PROPERTIES FOR SALE
5
DAYS ON MARKET**
46
shadow inventory
0
(0.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Santa Monica DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$2,398,350
$1,510,000
-37.0%
Average Price per Square Foot ...........................
$968
$923
-4.6%
Properties Sold .......................................................
25
21
-16.0%
Properties Pending Sale .......................................
11
11
0.0%
Properties For Sale ................................................
66
63
-4.5%
Days on Market (Pending Sale) ...........................
55
58
5.5%
Month’s Supply of Inventory ................................
2.6
3
13.6%
Percent Under Contract ........................................
16.7%
17.5%
4.8%
Average Median Price for Last 12 Months ........
$1,838,000
$2,001,979
8.2%
*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
$1.510
S A L E S
$2.398
(in hundred thousands)
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$2,001,979
PROPERTIES FOR SALE
63
DAYS ON MARKET**
49
shadow inventory
11
(11.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Sunset Strip - Hollywood Hills West DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$1,285,000
$1,656,500
28.9%
Average Price per Square Foot ...........................
$637
$874
37.2%
Properties Sold .......................................................
43
28
-34.9%
Properties Pending Sale .......................................
22
21
-4.5%
Properties For Sale ................................................
187
224
19.8%
Days on Market (Pending Sale) ...........................
92
60
-34.8%
Month’s Supply of Inventory ................................
4.3
8
84.0%
Percent Under Contract ........................................
11.8%
9.4%
-20.3%
Average Median Price for Last 12 Months ........
$1,364,000
$1,493,117
8.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
(in hundred thousands)
$1.656
P R I C E
yearly trend
M E D I A N
S A L E S
$1.285
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$1,493,117
PROPERTIES FOR SALE
224
DAYS ON MARKET**
64
shadow inventory
24
(24.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Venice DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$1,312,185
$1,592,500
21.4%
Average Price per Square Foot ...........................
$851
$931
9.4%
Properties Sold .......................................................
21
26
23.8%
Properties Pending Sale .......................................
8
18
125.0%
Properties For Sale ................................................
42
42
0.0%
Days on Market (Pending Sale) ...........................
83
45
-45.8%
Month’s Supply of Inventory ................................
2
1.6
-19.2%
Percent Under Contract ........................................
19.0%
42.9%
125.0%
Average Median Price for Last 12 Months ........
$1,133,000
$1,352,476
19.4%
*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.
$1.592
M E D I A N
S A L E S
(in hundred thousands)
$1.312
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$1,352,476
PROPERTIES FOR SALE
42
DAYS ON MARKET**
56
shadow inventory
13
(13.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
West Hollywood DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$1,011,500
$1,261,250
24.7%
Average Price per Square Foot ...........................
$621
$680
9.5%
Properties Sold .......................................................
6
8
33.3%
Properties Pending Sale .......................................
3
14
366.7%
Properties For Sale ................................................
34
46
35.3%
Days on Market (Pending Sale) ...........................
72
51
-29.2%
Month’s Supply of Inventory ................................
5.7
5.8
1.5%
Percent Under Contract ........................................
8.8%
30.4%
244.9%
Average Median Price for Last 12 Months ........
$1,088,000
$1,111,062
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.
(in hundred thousands)
$1.261
P R I C E
yearly trend
M E D I A N
S A L E S
$1.011
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$1,111,062
PROPERTIES FOR SALE
46
DAYS ON MARKET**
50
shadow inventory
8
(8.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
West Los Angeles DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$644,000
$835,500
29.7%
Average Price per Square Foot ...........................
$538
$477
-11.3%
Properties Sold .......................................................
6
8
33.3%
Properties Pending Sale .......................................
5
1
-80.0%
Properties For Sale ................................................
17
15
-11.8%
Days on Market (Pending Sale) ...........................
47
99
110.6%
Month’s Supply of Inventory ................................
2.8
1.9
-33.8%
Percent Under Contract ........................................
29.4%
6.7%
-77.3%
Average Median Price for Last 12 Months ........
$622,000
$767,429
23.4%
*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.
(in hundred thousands)
$835
P R I C E
yearly trend
M E D I A N
S A L E S
$644
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$767,429
PROPERTIES FOR SALE
15
DAYS ON MARKET**
46
shadow inventory
10
(10.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Westchester DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$649,500
$775,000
19.3%
Average Price per Square Foot ...........................
$423
$465
9.9%
Properties Sold .......................................................
24
19
-20.8%
Properties Pending Sale .......................................
15
11
-26.7%
Properties For Sale ................................................
38
21
-44.7%
Days on Market (Pending Sale) ...........................
38
34
-10.5%
Month’s Supply of Inventory ................................
1.6
1.1
-30.2%
Percent Under Contract ........................................
39.5%
52.4%
32.7%
Average Median Price for Last 12 Months ........
$628,000
$749,577
19.4%
*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.
$775
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 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$749,577
PROPERTIES FOR SALE
21
DAYS ON MARKET**
32
shadow inventory
14
(14.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Westwood - Century City DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$1,277,750
$1,543,000
20.8%
Average Price per Square Foot ...........................
$590
$687
16.4%
Properties Sold .......................................................
20
22
10.0%
Properties Pending Sale .......................................
7
7
0.0%
Properties For Sale ................................................
27
36
33.3%
Days on Market (Pending Sale) ...........................
20
31
55.0%
Month’s Supply of Inventory ................................
1.4
1.6
21.2%
Percent Under Contract ........................................
25.9%
19.4%
-25.0%
Average Median Price for Last 12 Months ........
$1,318,000
$1,424,062
8.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$1.543
P R I C E
yearly trend
M E D I A N
$1.277
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$1,424,062
PROPERTIES FOR SALE
36
DAYS ON MARKET**
31
shadow inventory
6
(6.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
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References
CONTACTS:
Aleksey Tokhner Project Manager, Teles Intelligence aleksey.tokhner@telesproperties.com Sharran Srivatsaa Chief Executive Officer, Teles Intelligence sharran.srivatsaa@telesproperties.com
location:
Teles Intelligence 11990 San Vicente Blvd, Suite 100 Los Angeles, Ca 90049
Phone:
424.203.1800 email:
info@telesintelligence.com
Teles intelligence December 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.