Teles intelligence
micro market report orange county 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.
san fern
orange county
south b
Orange County Macro Market
Dana Point
Irvine
Balboa Peninsula
East Bluff - Harbor View
Ladera Ranch
Corona del Mar - Spyglass
East Costa Mesa
Laguna Beach (all areas)
Coto de Caza
Fountain Valley
Laguna Hills
Crystal Cove
Huntington Beach
Laguna Niguel
Micro Market Report : December 2013
telesintelligence.com
nando
san gabriel
bay
los angeles
Long Beach
Newport Heights
Turtle Ridge
Lower Newport Bay - Balboa Island
Rancho Santa Margarita
Turtle Rock
Mission Viejo
San Clemente
West Bay - Santa Ana Heights
Newport Beach (all areas)
San Juan Capistrano
West Newport - Lido
Newport Coast
Shady Canyon
Westminster
December 2013 : Micro Market Report
Orange County DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$545,000
$665,000
22.0%
Average Price per Square Foot ...........................
$331
$383
15.7%
Properties Sold .......................................................
1857
1449
-22.0%
Properties Pending Sale .......................................
1332
1064
-20.1%
Properties For Sale ................................................
5,133
5,199
1.3%
Days on Market (Pending Sale) ...........................
92
63
-31.5%
Month’s Supply of Inventory ................................
2.8
3.6
29.8%
Percent Under Contract ........................................
25.9%
20.5%
-21.1%
Average Median Price for Last 12 Months ........
$510,000
$618,312
21.2%
*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.
$665
M E D I A N
S A L E S
(in hundred thousands)
$545
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
Balboa Peninsula DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$2,375,000
$1,825,000
-23.2%
Average Price per Square Foot ...........................
$972
$745
-23.4%
Properties Sold .......................................................
9
3
-66.7%
Properties Pending Sale .......................................
4
5
25.0%
Properties For Sale ................................................
47
40
-14.9%
Days on Market (Pending Sale) ...........................
59
64
8.5%
Month’s Supply of Inventory ................................
5.2
13.3
155.3%
Percent Under Contract ........................................
8.5%
12.5%
46.9%
Average Median Price for Last 12 Months ........
$2,150,000
$2,420,731
12.6%
*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
$1.825
S A L E S
$2.375
(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**
$2,420,731
PROPERTIES FOR SALE
40
DAYS ON MARKET**
100
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
Corona del Mar - Spyglass DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$1,983,750
$3,659,000
84.4%
Average Price per Square Foot ...........................
$776
$953
22.8%
Properties Sold .......................................................
12
16
33.3%
Properties Pending Sale .......................................
11
6
-45.5%
Properties For Sale ................................................
73
50
-31.5%
Days on Market (Pending Sale) ...........................
69
178
158.0%
Month’s Supply of Inventory ................................
6.1
3.1
-48.6%
Percent Under Contract ........................................
15.1%
12.0%
-20.4%
Average Median Price for Last 12 Months ........
$1,808,000
$2,280,346
26.1%
*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)
$3.659
P R I C E
yearly trend
M E D I A N
$1.983
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**
$2,280,346
PROPERTIES FOR SALE
50
DAYS ON MARKET**
90
shadow inventory
4
(4.0)
**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
Coto de Caza DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$960,000
$1,035,000
7.8%
Average Price per Square Foot ...........................
$257
$321
24.9%
Properties Sold .......................................................
27
20
-25.9%
Properties Pending Sale .......................................
22
12
-45.5%
Properties For Sale ................................................
95
101
6.3%
Days on Market (Pending Sale) ...........................
106
84
-20.8%
Month’s Supply of Inventory ................................
3.5
5
43.5%
Percent Under Contract ........................................
23.2%
11.9%
-48.7%
Average Median Price for Last 12 Months ........
$897,000
$1,044,035
16.4%
*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)
$1.035
$960
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**
$1,044,035
PROPERTIES FOR SALE
101
DAYS ON MARKET**
75
shadow inventory
22
**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
Crystal Cove DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$4,612,500
$3,500,000
-24.1%
Average Price per Square Foot ...........................
$956
$992
3.8%
Properties Sold .......................................................
6
1
-83.3%
Properties Pending Sale .......................................
2
2
0.0%
Properties For Sale ................................................
20
17
-15.0%
Days on Market (Pending Sale) ...........................
1
120
11900.0%
Month’s Supply of Inventory ................................
3.3
17
410.0%
Percent Under Contract ........................................
10.0%
11.8%
17.6%
Average Median Price for Last 12 Months ........
$3,949,000
$4,802,615
21.6%
*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
$3.500
S A L E S
$4.612
(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**
$4,802,615
PROPERTIES FOR SALE
17
DAYS ON MARKET**
94
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
Dana Point DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$830,000
$885,000
6.6%
Average Price per Square Foot ...........................
$465
$511
9.9%
Properties Sold .......................................................
41
34
-17.1%
Properties Pending Sale .......................................
24
23
-4.2%
Properties For Sale ................................................
159
153
-3.8%
Days on Market (Pending Sale) ...........................
83
62
-25.3%
Month’s Supply of Inventory ................................
3.9
4.5
16.0%
Percent Under Contract ........................................
15.1%
15.0%
-0.4%
Average Median Price for Last 12 Months ........
$694,000
$878,500
26.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$885
$830
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**
$878,500
PROPERTIES FOR SALE
153
DAYS ON MARKET**
78
shadow inventory
32
**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
East Bluff - Harbor View DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$1,357,000
$1,617,500
19.2%
Average Price per Square Foot ...........................
$570
$648
13.7%
Properties Sold .......................................................
20
14
-30.0%
Properties Pending Sale .......................................
10
9
-10.0%
Properties For Sale ................................................
78
56
-28.2%
Days on Market (Pending Sale) ...........................
52
80
53.8%
Month’s Supply of Inventory ................................
3.9
4
2.6%
Percent Under Contract ........................................
12.8%
16.1%
25.4%
Average Median Price for Last 12 Months ........
$1,336,000
$1,602,131
19.9%
*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)
$1.617
P R I C E
yearly trend
M E D I A N
$1.357
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**
$1,602,131
PROPERTIES FOR SALE
56
DAYS ON MARKET**
65
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
East Costa Mesa DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$790,000
$900,000
13.9%
Average Price per Square Foot ...........................
$440
$530
20.5%
Properties Sold .......................................................
11
12
9.1%
Properties Pending Sale .......................................
12
12
0.0%
Properties For Sale ................................................
44
46
4.5%
Days on Market (Pending Sale) ...........................
306
71
-76.8%
Month’s Supply of Inventory ................................
4
3.8
-4.2%
Percent Under Contract ........................................
27.3%
26.1%
-4.3%
Average Median Price for Last 12 Months ........
$667,000
$833,677
25.0%
*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.
$900
M E D I A N
S A L E S
(in hundred thousands)
$790
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**
$833,677
PROPERTIES FOR SALE
46
DAYS ON MARKET**
74
shadow inventory
21
(21.0)
**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
Fountain Valley DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$550,000
$655,000
19.1%
Average Price per Square Foot ...........................
$276
$322
16.7%
Properties Sold .......................................................
28
14
-50.0%
Properties Pending Sale .......................................
17
22
29.4%
Properties For Sale ................................................
63
64
1.6%
Days on Market (Pending Sale) ...........................
62
49
-21.0%
Month’s Supply of Inventory ................................
2.2
4.6
103.2%
Percent Under Contract ........................................
27.0%
34.4%
27.4%
Average Median Price for Last 12 Months ........
$558,000
$631,658
13.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$655
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 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$631,658
PROPERTIES FOR SALE
64
DAYS ON MARKET**
40
shadow inventory
31
**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
Huntington Beach DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$644,950
$750,000
16.3%
Average Price per Square Foot ...........................
$362
$426
17.7%
Properties Sold .......................................................
102
100
-2.0%
Properties Pending Sale .......................................
88
57
-35.2%
Properties For Sale ................................................
307
298
-2.9%
Days on Market (Pending Sale) ...........................
103
58
-43.7%
Month’s Supply of Inventory ................................
3
3
-1.0%
Percent Under Contract ........................................
28.7%
19.1%
-33.3%
Average Median Price for Last 12 Months ........
$606,000
$698,641
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.
$750
M E D I A N
S A L E S
(in hundred thousands)
$644
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**
$698,641
PROPERTIES FOR SALE
298
DAYS ON MARKET**
55
shadow inventory
94
**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
Irvine DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$820,000
$893,192
8.9%
Average Price per Square Foot ...........................
$387
$451
16.5%
Properties Sold .......................................................
87
75
-13.8%
Properties Pending Sale .......................................
66
53
-19.7%
Properties For Sale ................................................
240
275
14.6%
Days on Market (Pending Sale) ...........................
70
61
-12.9%
Month’s Supply of Inventory ................................
2.8
3.7
32.9%
Percent Under Contract ........................................
27.5%
19.3%
-29.9%
Average Median Price for Last 12 Months ........
$732,000
$876,690
19.8%
*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.
$893
M E D I A N
S A L E S
(in hundred thousands)
$820
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**
$876,690
PROPERTIES FOR SALE
275
DAYS ON MARKET**
54
shadow inventory
71
**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
Ladera Ranch DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$605,000
$810,000
33.9%
Average Price per Square Foot ...........................
$248
$316
27.4%
Properties Sold .......................................................
32
27
-15.6%
Properties Pending Sale .......................................
17
19
11.8%
Properties For Sale ................................................
76
89
17.1%
Days on Market (Pending Sale) ...........................
288
45
-84.4%
Month’s Supply of Inventory ................................
2.4
3.3
38.8%
Percent Under Contract ........................................
22.4%
21.3%
-4.6%
Average Median Price for Last 12 Months ........
$673,000
$800,878
19.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$810
P R I C E
yearly trend
M E D I A N
$605
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**
$800,878
PROPERTIES FOR SALE
89
DAYS ON MARKET**
72
shadow inventory
23
**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
Laguna Beach DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$1,560,000
$1,470,000
-5.8%
Average Price per Square Foot ...........................
$1,050
$759
-27.7%
Properties Sold .......................................................
33
31
-6.1%
Properties Pending Sale .......................................
21
11
-47.6%
Properties For Sale ................................................
201
208
3.5%
Days on Market (Pending Sale) ...........................
81
102
25.9%
Month’s Supply of Inventory ................................
6.1
6.7
10.2%
Percent Under Contract ........................................
10.4%
5.3%
-49.4%
Average Median Price for Last 12 Months ........
$1,298,000
$1,614,304
24.4%
*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
$1.470
S A L E S
$1.560
(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**
$1,614,304
PROPERTIES FOR SALE
208
DAYS ON MARKET**
101
shadow inventory
17
**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
Laguna Niguel DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$665,000
$820,000
23.3%
Average Price per Square Foot ...........................
$332
$370
11.4%
Properties Sold .......................................................
60
47
-21.7%
Properties Pending Sale .......................................
39
31
-20.5%
Properties For Sale ................................................
166
178
7.2%
Days on Market (Pending Sale) ...........................
112
77
-31.2%
Month’s Supply of Inventory ................................
2.8
3.8
36.9%
Percent Under Contract ........................................
23.5%
17.4%
-25.9%
Average Median Price for Last 12 Months ........
$634,000
$758,892
19.7%
*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.
$820
M E D I A N
S A L E S
(in hundred thousands)
$665
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**
$758,892
PROPERTIES FOR SALE
178
DAYS ON MARKET**
60
shadow inventory
54
**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
Laguna Hills DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$545,000
$700,000
28.4%
Average Price per Square Foot ...........................
$285
$321
12.6%
Properties Sold .......................................................
18
20
11.1%
Properties Pending Sale .......................................
23
10
-56.5%
Properties For Sale ................................................
63
61
-3.2%
Days on Market (Pending Sale) ...........................
136
51
-62.5%
Month’s Supply of Inventory ................................
3.5
3
-12.9%
Percent Under Contract ........................................
36.5%
16.4%
-55.1%
Average Median Price for Last 12 Months ........
$591,000
$687,958
16.4%
*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)
$700
P R I C E
yearly trend
M E D I A N
S A L E S
$545
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**
$687,958
PROPERTIES FOR SALE
61
DAYS ON MARKET**
53
shadow inventory
29
**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
Laguna Woods DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$0
$0
%
Average Price per Square Foot ...........................
$0
$0
%
Properties Sold .......................................................
0
0
%
Properties Pending Sale .......................................
0
2
%
Properties For Sale ................................................
0
2
%
Days on Market (Pending Sale) ...........................
0
68
% %
Month’s Supply of Inventory ................................ Percent Under Contract ........................................
%
100.0%
%
Average Median Price for Last 12 Months ........
$619,000
$619,167
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.
M E D I A N
S A L E S
(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**
$619,167
PROPERTIES FOR SALE
2
DAYS ON MARKET**
39
shadow inventory
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
Lower Newport Bay - Balboa Island DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$3,750,000
$2,024,750
-46.0%
Average Price per Square Foot ...........................
$1,008
$944
-6.3%
Properties Sold .......................................................
7
4
-42.9%
Properties Pending Sale .......................................
5
4
-20.0%
Properties For Sale ................................................
35
38
8.6%
Days on Market (Pending Sale) ...........................
92
122
32.6%
Month’s Supply of Inventory ................................
5
9.5
90.0%
Percent Under Contract ........................................
14.3%
10.5%
-26.3%
Average Median Price for Last 12 Months ........
$2,253,000
$2,559,942
13.6%
*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
$2.024
S A L E S
$3.750
(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**
$2,559,942
PROPERTIES FOR SALE
38
DAYS ON MARKET**
87
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
Mission Viejo DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$569,500
$639,000
12.2%
Average Price per Square Foot ...........................
$257
$319
24.1%
Properties Sold .......................................................
87
81
-6.9%
Properties Pending Sale .......................................
65
58
-10.8%
Properties For Sale ................................................
183
213
16.4%
Days on Market (Pending Sale) ...........................
60
75
25.0%
Month’s Supply of Inventory ................................
2.1
2.6
25.0%
Percent Under Contract ........................................
35.5%
27.2%
-23.3%
Average Median Price for Last 12 Months ........
$500,000
$600,985
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.
$639
M E D I A N
S A L E S
(in hundred thousands)
$569
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**
$600,985
PROPERTIES FOR SALE
213
DAYS ON MARKET**
47
shadow inventory
87
**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
Newport Beach DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$1,604,500
$1,600,000
-0.3%
Average Price per Square Foot ...........................
$702
$690
-1.7%
Properties Sold .......................................................
62
53
-14.5%
Properties Pending Sale .......................................
38
33
-13.2%
Properties For Sale ................................................
261
236
-9.6%
Days on Market (Pending Sale) ...........................
90
86
-4.4%
Month’s Supply of Inventory ................................
4.2
4.5
5.8%
Percent Under Contract ........................................
14.6%
14.0%
-4.0%
Average Median Price for Last 12 Months ........
$1,374,000
$1,683,019
22.5%
*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
$1.600
(in hundred thousands)
$1.604
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**
$1,683,019
PROPERTIES FOR SALE
236
DAYS ON MARKET**
82
shadow inventory
32
**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
Newport Coast DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$2,420,000
$1,877,500
-22.4%
Average Price per Square Foot ...........................
$694
$712
2.6%
Properties Sold .......................................................
19
10
-47.4%
Properties Pending Sale .......................................
16
7
-56.2%
Properties For Sale ................................................
84
68
-19.0%
Days on Market (Pending Sale) ...........................
79
101
27.8%
Month’s Supply of Inventory ................................
4.4
6.8
53.8%
Percent Under Contract ........................................
19.0%
10.3%
-46.0%
Average Median Price for Last 12 Months ........
$2,046,000
$2,788,808
36.3%
*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
$1.877
S A L E S
$2.420
(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**
$2,788,808
PROPERTIES FOR SALE
68
DAYS ON MARKET**
81
shadow inventory
6
**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
Newport Heights DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$980,000
$1,952,812
99.3%
Average Price per Square Foot ...........................
$830
$686
-17.3%
Properties Sold .......................................................
3
8
166.7%
Properties Pending Sale .......................................
2
7
250.0%
Properties For Sale ................................................
21
26
23.8%
Days on Market (Pending Sale) ...........................
53
89
67.9%
Month’s Supply of Inventory ................................
7
3.2
-53.6%
Percent Under Contract ........................................
9.5%
26.9%
182.7%
Average Median Price for Last 12 Months ........
$1,209,000
$1,522,109
25.9%
*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)
$1.952
P R I C E
yearly trend
M E D I A N
$980
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**
$1,522,109
PROPERTIES FOR SALE
26
DAYS ON MARKET**
66
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
Rancho Santa Margarita DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$535,500
$619,000
15.6%
Average Price per Square Foot ...........................
$247
$303
22.7%
Properties Sold .......................................................
62
33
-46.8%
Properties Pending Sale .......................................
26
22
-15.4%
Properties For Sale ................................................
80
101
26.2%
Days on Market (Pending Sale) ...........................
74
53
-28.4%
Month’s Supply of Inventory ................................
1.3
3.1
137.2%
Percent Under Contract ........................................
32.5%
21.8%
-33.0%
Average Median Price for Last 12 Months ........
$517,000
$613,440
18.7%
*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.
$619
M E D I A N
S A L E S
(in hundred thousands)
$535
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**
$613,440
PROPERTIES FOR SALE
101
DAYS ON MARKET**
48
shadow inventory
49
**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
San Clemente DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$732,500
$850,000
16.0%
Average Price per Square Foot ...........................
$330
$389
17.9%
Properties Sold .......................................................
80
51
-36.2%
Properties Pending Sale .......................................
51
46
-9.8%
Properties For Sale ................................................
216
234
8.3%
Days on Market (Pending Sale) ...........................
86
66
-23.3%
Month’s Supply of Inventory ................................
2.7
4.6
69.9%
Percent Under Contract ........................................
23.6%
19.7%
-16.7%
Average Median Price for Last 12 Months ........
$687,000
$796,346
15.9%
*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.
$850
M E D I A N
S A L E S
(in hundred thousands)
$732
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**
$796,346
PROPERTIES FOR SALE
234
DAYS ON MARKET**
64
shadow inventory
63
**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
San Juan Capistrano DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$557,000
$877,500
57.5%
Average Price per Square Foot ...........................
$298
$379
27.2%
Properties Sold .......................................................
26
20
-23.1%
Properties Pending Sale .......................................
12
21
75.0%
Properties For Sale ................................................
102
130
27.5%
Days on Market (Pending Sale) ...........................
73
97
32.9%
Month’s Supply of Inventory ................................
3.9
6.5
65.7%
Percent Under Contract ........................................
11.8%
16.2%
37.3%
Average Median Price for Last 12 Months ........
$598,000
$758,669
26.9%
*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)
$877
P R I C E
yearly trend
M E D I A N
$557
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**
$758,669
PROPERTIES FOR SALE
130
DAYS ON MARKET**
72
shadow inventory
20
**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
Shady Canyon DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$0
$6,300,000
%
Average Price per Square Foot ...........................
$0
$810
%
Properties Sold .......................................................
0
1
%
Properties Pending Sale .......................................
0
1
%
Properties For Sale ................................................
22
8
-63.6%
Days on Market (Pending Sale) ...........................
0
1
%
8
%
Month’s Supply of Inventory ................................ Percent Under Contract ........................................
0.0%
12.5%
%
Average Median Price for Last 12 Months ........
$4,166,000
$5,695,857
36.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
M E D I A N
$6.300
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**
$5,695,857
PROPERTIES FOR SALE
8
DAYS ON MARKET**
158
shadow inventory
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
Turtle Ridge DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$2,250,000
$1,925,000
-14.4%
Average Price per Square Foot ...........................
$619
$681
10.0%
Properties Sold .......................................................
5
3
-40.0%
Properties Pending Sale .......................................
3
3
0.0%
Properties For Sale ................................................
19
24
26.3%
Days on Market (Pending Sale) ...........................
43
145
237.2%
Month’s Supply of Inventory ................................
3.8
8
110.5%
Percent Under Contract ........................................
15.8%
12.5%
-20.8%
Average Median Price for Last 12 Months ........
$1,932,000
$2,252,833
16.6%
*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
$1.925
S A L E S
$2.250
(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**
$2,252,833
PROPERTIES FOR SALE
24
DAYS ON MARKET**
73
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
Turtle Rock DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$1,395,000
$2,990,000
114.3%
Average Price per Square Foot ...........................
$552
$444
-19.6%
Properties Sold .......................................................
6
1
-83.3%
Properties Pending Sale .......................................
6
1
-83.3%
Properties For Sale ................................................
12
5
-58.3%
Days on Market (Pending Sale) ...........................
129
182
41.1%
Month’s Supply of Inventory ................................
2
5
150.0%
Percent Under Contract ........................................
50.0%
20.0%
-60.0%
Average Median Price for Last 12 Months ........
$1,014,000
$1,364,395
34.6%
*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)
$2.990
P R I C E
yearly trend
M E D I A N
$1.395
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**
$1,364,395
PROPERTIES FOR SALE
5
DAYS ON MARKET**
76
shadow inventory
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
Westminster DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$413,175
$502,500
21.6%
Average Price per Square Foot ...........................
$252
$307
21.8%
Properties Sold .......................................................
44
30
-31.8%
Properties Pending Sale .......................................
34
17
-50.0%
Properties For Sale ................................................
86
78
-9.3%
Days on Market (Pending Sale) ...........................
50
43
-14.0%
Month’s Supply of Inventory ................................
2
2.6
33.0%
Percent Under Contract ........................................
39.5%
21.8%
-44.9%
Average Median Price for Last 12 Months ........
$392,000
$483,013
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.
$502
M E D I A N
S A L E S
(in hundred thousands)
$413
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**
$483,013
PROPERTIES FOR SALE
78
DAYS ON MARKET**
36
shadow inventory
52
**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 Bay - Santa Ana Heights DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$1,149,000
$1,300,000
13.1%
Average Price per Square Foot ...........................
$423
$581
37.4%
Properties Sold .......................................................
9
13
44.4%
Properties Pending Sale .......................................
8
5
-37.5%
Properties For Sale ................................................
42
35
-16.7%
Days on Market (Pending Sale) ...........................
146
81
-44.5%
Month’s Supply of Inventory ................................
4.7
2.7
-42.3%
Percent Under Contract ........................................
19.0%
14.3%
-25.0%
Average Median Price for Last 12 Months ........
$1,182,000
$1,353,269
14.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$1.300
$1.149
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**
$1,353,269
PROPERTIES FOR SALE
35
DAYS ON MARKET**
75
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
West Newport - Lido DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$1,720,000
$1,829,650
6.4%
Average Price per Square Foot ...........................
$766
$779
1.7%
Properties Sold .......................................................
14
10
-28.6%
Properties Pending Sale .......................................
9
3
-66.7%
Properties For Sale ................................................
38
41
7.9%
Days on Market (Pending Sale) ...........................
105
87
-17.1%
Month’s Supply of Inventory ................................
2.7
4.1
51.1%
Percent Under Contract ........................................
23.7%
7.3%
-69.1%
Average Median Price for Last 12 Months ........
$1,603,000
$1,817,627
13.4%
*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
$1.829
$1.720
(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**
$1,817,627
PROPERTIES FOR SALE
41
DAYS ON MARKET**
115
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
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.
Get the full lending experience at rivierafinancial.com or contact a loan professional by calling 424.203.1850
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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.