Teles intelligence
micro market report los angeles FEBRUARY 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
Los Feliz
Bel Air - Holmby Hills
Cheviot Hills - Rancho Park
Malibu
Beverly Center - Miracle Mile
Culver City
Malibu Beach
Beverly Hills
Hancock Park - Wilshire
Marina del Rey
Beverly Hills P.O.
Hollywood
Mid Los Angeles
Beverlywood
Hollywood Hills East
Mid Wilshire
Micro Market Report : February 2013
telesintelligence.com
e county
san fernando
briel
south bay Pacific Palisades
Venice
Palms - Mar Vista
West Hollywood
Playa del Rey
West Los Angeles
Playa Vista
Westchester
Santa Monica
Westwood - Century City
Sunset Strip - Hollywood Hills West
February 2013 : Micro Market Report
Los Angeles Macro Market DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$495,000
$674,500
36.3%
Average Price per Square Foot ...........................
$411
$525
27.7%
Properties Sold .......................................................
571
516
-9.6%
Properties Pending Sale .......................................
756
835
10.4%
Properties For Sale ................................................
5262
3004
-42.9%
Days on Market (Pending Sale) ...........................
70
55
-21.4%
Month’s Supply of Inventory ................................
9.2
5.8
-36.8%
Percent Under Contract ........................................
14.4%
27.8%
93.5%
Average Median Price for Last 12 Months ........
$571,000
$633,854
9.9%
*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)
$675
P R I C E
yearly trend
M E D I A N
S A L E S
$495
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
Bel Air - Holmby Hills DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$1,751,000
$1,825,000
4.2%
Average Price per Square Foot ...........................
$733
$623
-15.0%
Properties Sold .......................................................
4
10
150.0%
Properties Pending Sale .......................................
15
10
-33.3%
Properties For Sale ................................................
144
117
-18.8%
Days on Market (Pending Sale) ...........................
90
106
17.8%
Month’s Supply of Inventory ................................
36.0
11.7
-67.5%
Percent Under Contract ........................................
10.4%
8.5%
-17.9%
Average Median Price for Last 12 Months ........
$1,680,000
$1,896,850
11.4%
*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
$1.825
$1.751
(in hundred thousands)
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$1,896,850
PROPERTIES FOR SALE
117
DAYS ON MARKET**
100
shadow inventory
15
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Beverly Center - Miracle Mile DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$832,000
$915,000
10.0%
Average Price per Square Foot ...........................
$473
$468
-1.1%
Properties Sold .......................................................
10
7
-30.0%
Properties Pending Sale .......................................
15
11
-26.7%
Properties For Sale ................................................
76
50
-34.2%
Days on Market (Pending Sale) ...........................
55
38
-30.9%
Month’s Supply of Inventory ................................
7.6
7.1
-6.0%
Percent Under Contract ........................................
19.7%
22.0%
11.5%
Average Median Price for Last 12 Months ........
$945,000
$937,952
-0.8%
*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
S A L E S
$915
$832
(in hundred thousands)
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$937,952 PROPERTIES FOR SALE
50 DAYS ON MARKET**
53 shadow inventory
7
(90048 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Beverly Hills DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$2,862,000
$2,713,500
-5.2%
Average Price per Square Foot ...........................
$817
$935
14.4%
Properties Sold .......................................................
5
6
20.0%
Properties Pending Sale .......................................
14
14
0.0%
Properties For Sale ................................................
131
96
-26.7%
Days on Market (Pending Sale) ...........................
76
124
63.2%
Month’s Supply of Inventory ................................
26.2
16.0
-38.9%
Percent Under Contract ........................................
10.7%
14.6%
36.5%
Average Median Price for Last 12 Months ........
$2,923,000
$4,260,964
31.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$2.714
S A L E S
$2.862
(in hundred thousands)
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$4260,964 PROPERTIES FOR SALE
96 DAYS ON MARKET**
98 shadow inventory
42 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Beverly Hills P.O. DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$1,850,000
$1,855,000
0.3%
Average Price per Square Foot ...........................
$946
$656
-30.7%
Properties Sold .......................................................
9
11
22.2%
Properties Pending Sale .......................................
19
17
-10.5%
Properties For Sale ................................................
168
109
-35.1%
Days on Market (Pending Sale) ...........................
107
64
-40.2%
Month’s Supply of Inventory ................................
18.7
9.9
-46.9%
Percent Under Contract ........................................
11.3%
15.6%
37.9%
Average Median Price for Last 12 Months ........
$2,095,000
$1,908,555
-9.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S M E D I A N
$1.855
(in hundred thousands)
$1.850
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$1,908,555 PROPERTIES FOR SALE
109 DAYS ON MARKET**
94 shadow inventory
37
(90210 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Beverlywood DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$730,000
$770,000
5.5%
Average Price per Square Foot ...........................
$405
$528
30.4%
Properties Sold .......................................................
13
8
-38.5%
Properties Pending Sale .......................................
19
14
-26.3%
Properties For Sale ................................................
65
34
-47.7%
Days on Market (Pending Sale) ...........................
54
27
-50.0%
Month’s Supply of Inventory ................................
5.0
4.3
-15.0%
Percent Under Contract ........................................
29.2%
41.2%
40.9%
Average Median Price for Last 12 Months ........
$737,000
$792,962
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$770
$730
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$792,962 PROPERTIES FOR SALE
34 DAYS ON MARKET**
50 shadow inventory
17
(90035 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Brentwood DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$2,187,500
$2,225,000
1.7%
Average Price per Square Foot ...........................
$610
$829
35.9%
Properties Sold .......................................................
12
17
41.7%
Properties Pending Sale .......................................
22
14
-36.4%
Properties For Sale ................................................
154
83
-46.1%
Days on Market (Pending Sale) ...........................
58
68
17.2%
Month’s Supply of Inventory ................................
12.8
4.9
-62.0%
Percent Under Contract ........................................
14.3%
16.9%
18.1%
Average Median Price for Last 12 Months ........
$1,885,000
$1,906,466
1.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$2.225
M E D I A N
S A L E S
(in hundred thousands)
$2.188
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$1,906,466 PROPERTIES FOR SALE
83 DAYS ON MARKET**
75 shadow inventory
23
(90049 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Cheviot Hills - Rancho Park DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$1,550,000
$1,145,000
-26.1%
Average Price per Square Foot ...........................
$575
$748
30.1%
Properties Sold .......................................................
3
2
-33.3%
Properties Pending Sale .......................................
9
7
-22.2%
Properties For Sale ................................................
29
19
-34.5%
Days on Market (Pending Sale) ...........................
46
16
-65.2%
Month’s Supply of Inventory ................................
9.7
9.5
-1.7%
Percent Under Contract ........................................
31.0%
36.8%
18.7%
Average Median Price for Last 12 Months ........
$1,232,000
$1,329,981
7.4%
*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
$1.145
S A L E S
$1.550
(in hundred thousands)
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$1,329,981 PROPERTIES FOR SALE
19 DAYS ON MARKET**
50 shadow inventory
13
(90064 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Culver City DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$525,000
$720,000
37.1%
Average Price per Square Foot ...........................
$366
$467
27.6%
Properties Sold .......................................................
7
15
114.3%
Properties Pending Sale .......................................
8
13
62.5%
Properties For Sale ................................................
51
30
-41.2%
Days on Market (Pending Sale) ...........................
56
30
-46.4%
Month’s Supply of Inventory ................................
7.3
2.0
-72.5%
Percent Under Contract ........................................
15.7%
43.3%
176.3%
Average Median Price for Last 12 Months ........
$629,000
$658,269
4.4%
*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)
$720
P R I C E
yearly trend
M E D I A N
S A L E S
$525
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$658,269 PROPERTIES FOR SALE
30 DAYS ON MARKET**
51 shadow inventory
15 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Hancock Park - Wilshire DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$866,500
$890,000
2.7%
Average Price per Square Foot ...........................
$429
$443
3.3%
Properties Sold .......................................................
22
9
-59.1%
Properties Pending Sale .......................................
26
19
-26.9%
Properties For Sale ................................................
140
70
-50.0%
Days on Market (Pending Sale) ...........................
73
40
-45.2%
Month’s Supply of Inventory ................................
6.4
7.8
22.2%
Percent Under Contract ........................................
18.6%
27.1%
46.2%
Average Median Price for Last 12 Months ........
$984,000
$1,009,531
2.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$890
$867
(in hundred thousands)
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$1,009,531 PROPERTIES FOR SALE
70 DAYS ON MARKET**
72 shadow inventory
27
(90004, 90020 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Hollywood DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$499,000
$1,442,500
189.1%
Average Price per Square Foot ...........................
$310
$591
90.6%
Properties Sold .......................................................
3
2
-33.3%
Properties Pending Sale .......................................
4
4
0.0%
Properties For Sale ................................................
29
16
-44.8%
Days on Market (Pending Sale) ...........................
38
38
0.0%
Month’s Supply of Inventory ................................
9.7
8.0
-17.2%
Percent Under Contract ........................................
13.8%
25.0%
81.3%
Average Median Price for Last 12 Months ........
$439,000
$679,577
35.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$1.443
P R I C E
yearly trend
FEB
M E D I A N
$499
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$679,577 PROPERTIES FOR SALE
16 DAYS ON MARKET**
42 shadow inventory
65
(90028, 90038, 90068 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Hollywood Hills East DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$707,500
$960,000
35.7%
Average Price per Square Foot ...........................
$377
$463
22.8%
Properties Sold .......................................................
10
15
50.0%
Properties Pending Sale .......................................
8
14
75.0%
Properties For Sale ................................................
73
52
-28.8%
Days on Market (Pending Sale) ...........................
76
66
-13.2%
Month’s Supply of Inventory ................................
9.1
3.5
-62.0%
Percent Under Contract ........................................
11.0%
26.9%
145.7%
Average Median Price for Last 12 Months ........
$843,000
$951,423
11.4%
*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
$708
S A L E S
$960
(in hundred thousands)
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$951,423 PROPERTIES FOR SALE
52 DAYS ON MARKET**
66 shadow inventory
8
(90029 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Los Feliz DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$999,000
$1,440,000
44.1%
Average Price per Square Foot ...........................
$473
$489
3.4%
Properties Sold .......................................................
13
9
-30.8%
Properties Pending Sale .......................................
26
23
-11.5%
Properties For Sale ................................................
96
77
-19.8%
Days on Market (Pending Sale) ...........................
56
31
-44.6%
Month’s Supply of Inventory ................................
3.7
8.6
131.7%
Percent Under Contract ........................................
27.1%
29.9%
10.3%
Average Median Price for Last 12 Months ........
$933,000
$1,002,923
7.0%
*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)
$1.440
P R I C E
yearly trend
M E D I A N
S A L E S
$999
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$1,002,923 PROPERTIES FOR SALE
77 DAYS ON MARKET**
55 shadow inventory
21
(90027 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Malibu DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$2,100,000
$1,900,000
-9.5%
Average Price per Square Foot ...........................
$652
$545
-16.4%
Properties Sold .......................................................
11
10
-9.1%
Properties Pending Sale .......................................
10
19
90.0%
Properties For Sale ................................................
251
159
-36.7%
Days on Market (Pending Sale) ...........................
57
81
42.1%
Month’s Supply of Inventory ................................
22.8
15.9
-30.3%
Percent Under Contract ........................................
4.0%
11.9%
199.9%
Average Median Price for Last 12 Months ........
$1,998,000
$1,769,962
-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.
$2.100
M E D I A N
S A L E S
(in hundred thousands)
$1.900
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$1,769,962 PROPERTIES FOR SALE
159 DAYS ON MARKET**
142 shadow inventory
44 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Malibu Beach DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$3,795,000
$12,000,000
216.2%
Average Price per Square Foot ...........................
$1,013
$2,221
119.2%
Properties Sold .......................................................
2
2
0.0%
Properties Pending Sale .......................................
5
4
-20.0%
Properties For Sale ................................................
104
82
-21.2%
Days on Market (Pending Sale) ...........................
196
252
28.6%
Month’s Supply of Inventory ................................
52.0
41.0
-21.2%
Percent Under Contract ........................................
4.8%
4.9%
1.5%
Average Median Price for Last 12 Months ........
$5,542,000
$5,802,044
4.5%
*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)
$12.000
P R I C E
yearly trend
$3.795
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$5,802,044 PROPERTIES FOR SALE
82 DAYS ON MARKET**
210 shadow inventory
3 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Marina del Rey DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$780,000
$1,775,000
127.6%
Average Price per Square Foot ...........................
$403
$502
24.6%
Properties Sold .......................................................
3
3
0.0%
Properties Pending Sale .......................................
1
6
500.0%
Properties For Sale ................................................
33
24
-27.3%
Days on Market (Pending Sale) ...........................
82
55
-32.9%
Month’s Supply of Inventory ................................
11.0
8.0
-27.3%
Percent Under Contract ........................................
3.0%
25.0%
725.0%
Average Median Price for Last 12 Months ........
$1,268,000
$1,331,317
4.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S M E D I A N
$780
FEB
(in hundred thousands)
$1.775
P R I C E
yearly trend
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$1,331,317 PROPERTIES FOR SALE
24 DAYS ON MARKET**
76 shadow inventory
6 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Mid Los Angeles DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$232,000
$338,000
45.7%
Average Price per Square Foot ...........................
$253
$223
-11.9%
Properties Sold .......................................................
7
17
142.9%
Properties Pending Sale .......................................
14
21
50.0%
Properties For Sale ................................................
98
47
-52.0%
Days on Market (Pending Sale) ...........................
78
33
-57.7%
Month’s Supply of Inventory ................................
14.0
2.8
-80.3%
Percent Under Contract ........................................
14.3%
44.7%
212.8%
Average Median Price for Last 12 Months ........
$301,000
$311,442
3.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$338
P R I C E
yearly trend
M E D I A N
$232
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$311,442 PROPERTIES FOR SALE
47 DAYS ON MARKET**
57 shadow inventory
59
(90019 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Mid Wilshire DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$460,000
$470,000
2.2%
Average Price per Square Foot ...........................
$166
$375
125.9%
Properties Sold .......................................................
1
1
0.0%
Properties Pending Sale .......................................
2
4
100.0%
Properties For Sale ................................................
25
16
-36.0%
Days on Market (Pending Sale) ...........................
3
33
1000.0%
Month’s Supply of Inventory ................................
25.0
16.0
-36.0%
Percent Under Contract ........................................
8.0%
25.0%
212.5%
Average Median Price for Last 12 Months ........
$437,000
$417,996
-4.5%
*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.
$470
M E D I A N
S A L E S
(in hundred thousands)
$460
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$417,996 PROPERTIES FOR SALE
16 DAYS ON MARKET**
32 shadow inventory
10
(90036 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Pacific Palisades DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$1,950,000
$2,760,000
41.5%
Average Price per Square Foot ...........................
$670
$990
47.8%
Properties Sold .......................................................
11
14
27.3%
Properties Pending Sale .......................................
19
23
21.1%
Properties For Sale ................................................
152
113
-25.7%
Days on Market (Pending Sale) ...........................
120
99
-17.5%
Month’s Supply of Inventory ................................
13.8
8.1
-41.6%
Percent Under Contract ........................................
12.5%
20.4%
62.8%
Average Median Price for Last 12 Months ........
$1,743,000
$2,071,462
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.
(in hundred thousands)
$2.760
P R I C E
yearly trend
M E D I A N
S A L E S
$1.950
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$2,071,462 PROPERTIES FOR SALE
113 DAYS ON MARKET**
78 shadow inventory
23 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Palms - Mar Vista DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$717,000
$876,725
22.3%
Average Price per Square Foot ...........................
$455
$500
9.9%
Properties Sold .......................................................
16
12
-25.0%
Properties Pending Sale .......................................
21
29
38.1%
Properties For Sale ................................................
89
61
-31.5%
Days on Market (Pending Sale) ...........................
93
26
-72.0%
Month’s Supply of Inventory ................................
5.6
5.1
-8.6%
Percent Under Contract ........................................
23.6%
47.5%
101.5%
Average Median Price for Last 12 Months ........
$744,000
$777,325
4.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$877
M E D I A N
S A L E S
(in hundred thousands)
$717
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$777,325 PROPERTIES FOR SALE
61 DAYS ON MARKET**
48 shadow inventory
59
(90066, 90034 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Playa del Rey DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$807,250
$1,365,500
69.2%
Average Price per Square Foot ...........................
$406
$626
54.2%
Properties Sold .......................................................
2
2
0.0%
Properties Pending Sale .......................................
4
5
25.0%
Properties For Sale ................................................
25
20
-20.0%
Days on Market (Pending Sale) ...........................
65
14
-78.5%
Month’s Supply of Inventory ................................
12.5
10.0
-20.0%
Percent Under Contract ........................................
16.0%
25.0%
56.3%
Average Median Price for Last 12 Months ........
$915,000
$1,009,404
9.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$1.366
P R I C E
yearly trend
M E D I A N
$807
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$1,009,404 PROPERTIES FOR SALE
20 DAYS ON MARKET**
69 shadow inventory
6 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Playa Vista DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$925,000
$0
-100.0%
Average Price per Square Foot ...........................
$365
$0
-100.0%
Properties Sold .......................................................
1
0
-100.0%
Properties Pending Sale .......................................
1
0
-100.0%
Properties For Sale ................................................
4
4
0.0%
Days on Market (Pending Sale) ...........................
192
0
-100.0%
Month’s Supply of Inventory ................................
4.0
N/A
N/A
Percent Under Contract ........................................
25.0%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$923,000
$1,096,750
15.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
$0 MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
M E D I A N
$925
FEB
(in hundred thousands)
P R I C E
yearly trend
telesintelligence.com
the numbers median sales price**
$1,096,750 PROPERTIES FOR SALE
4 DAYS ON MARKET**
62 shadow inventory
0 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Santa Monica DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$1,450,000
$1,375,000
-5.2%
Average Price per Square Foot ...........................
$870
$918
5.5%
Properties Sold .......................................................
15
13
-13.3%
Properties Pending Sale .......................................
20
18
-10.0%
Properties For Sale ................................................
113
65
-42.5%
Days on Market (Pending Sale) ...........................
57
36
-36.8%
Month’s Supply of Inventory ................................
7.5
5.0
-33.6%
Percent Under Contract ........................................
17.7%
27.7%
56.5%
Average Median Price for Last 12 Months ........
$1,590,000
$1,837,916
13.5%
*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
$1.375
S A L E S
$1.450
(in hundred thousands)
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$1,837,916 PROPERTIES FOR SALE
65 DAYS ON MARKET**
51 shadow inventory
23 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Sunset Strip - Hollywood Hills West DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$1,276,000
$1,432,500
12.3%
Average Price per Square Foot ...........................
$471
$728
54.6%
Properties Sold .......................................................
22
22
0.0%
Properties Pending Sale .......................................
34
40
17.6%
Properties For Sale ................................................
304
198
-34.9%
Days on Market (Pending Sale) ...........................
85
82
-3.5%
Month’s Supply of Inventory ................................
13.8
9.0
-34.9%
Percent Under Contract ........................................
11.2%
20.2%
80.6%
Average Median Price for Last 12 Months ........
$1,307,000
$1,365,827
4.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$1.433
$1.276
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$1,365,827 PROPERTIES FOR SALE
198 DAYS ON MARKET**
77 shadow inventory
58
(90028, 90068 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Venice DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$1,200,000
$1,250,000
4.2%
Average Price per Square Foot ...........................
$538
$860
59.9%
Properties Sold .......................................................
7
9
28.6%
Properties Pending Sale .......................................
12
15
25.0%
Properties For Sale ................................................
108
56
-48.1%
Days on Market (Pending Sale) ...........................
59
57
-3.4%
Month’s Supply of Inventory ................................
15.4
6.2
-59.7%
Percent Under Contract ........................................
11.1%
26.8%
141.1%
Average Median Price for Last 12 Months ........
$972,000
$1,181,668
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.
$1.250
M E D I A N
S A L E S
(in hundred thousands)
$1.200
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$1,181,668 PROPERTIES FOR SALE
56 DAYS ON MARKET**
69 shadow inventory
18 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
West Hollywood DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$1,042,500
$1,362,500
30.7%
Average Price per Square Foot ...........................
$690
$750
8.7%
Properties Sold .......................................................
4
8
100.0%
Properties Pending Sale .......................................
8
14
75.0%
Properties For Sale ................................................
57
47
-17.5%
Days on Market (Pending Sale) ...........................
48
71
47.9%
Month’s Supply of Inventory ................................
14.3
5.9
-58.8%
Percent Under Contract ........................................
14.0%
29.8%
112.2%
Average Median Price for Last 12 Months ........
$943,000
$1,090,039
13.5%
*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)
$1.363
P R I C E
yearly trend
M E D I A N
$1.043
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$1,090,039 PROPERTIES FOR SALE
47 DAYS ON MARKET**
64 shadow inventory
9 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
West Los Angeles DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$499,000
$530,000
6.2%
Average Price per Square Foot ...........................
$603
$371
-38.5%
Properties Sold .......................................................
1
3
200.0%
Properties Pending Sale .......................................
4
13
225.0%
Properties For Sale ................................................
33
24
-27.3%
Days on Market (Pending Sale) ...........................
39
36
-7.7%
Month’s Supply of Inventory ................................
33.0
8.0
-75.8%
Percent Under Contract ........................................
12.1%
54.2%
346.9%
Average Median Price for Last 12 Months ........
$606,000
$617,249
1.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$530
$499
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$617,249 PROPERTIES FOR SALE
24 DAYS ON MARKET**
49 shadow inventory
7
(90025 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Westchester DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$578,250
$835,000
44.4%
Average Price per Square Foot ...........................
$369
$389
5.4%
Properties Sold .......................................................
14
7
-50.0%
Properties Pending Sale .......................................
19
20
5.3%
Properties For Sale ................................................
68
41
-39.7%
Days on Market (Pending Sale) ...........................
31
64
106.5%
Month’s Supply of Inventory ................................
4.9
5.9
20.6%
Percent Under Contract ........................................
27.9%
48.8%
74.6%
Average Median Price for Last 12 Months ........
$631,000
$646,887
2.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
(in hundred thousands)
$835
P R I C E
yearly trend
M E D I A N
S A L E S
$578
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$646,887 PROPERTIES FOR SALE
41 DAYS ON MARKET**
42 shadow inventory
36
(90045 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Westwood - Century City DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$1,155,000
$1,149,500
-0.5%
Average Price per Square Foot ...........................
$662
$593
-10.4%
Properties Sold .......................................................
8
6
-25.0%
Properties Pending Sale .......................................
18
11
-38.9%
Properties For Sale ................................................
86
38
-55.8%
Days on Market (Pending Sale) ...........................
41
22
-46.3%
Month’s Supply of Inventory ................................
10.8
6.3
-41.1%
Percent Under Contract ........................................
20.9%
28.9%
38.3%
Average Median Price for Last 12 Months ........
$1,311,000
$1,288,387
-1.7%
*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
$1.150
S A L E S
$1.155
(in hundred thousands)
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$1,288,387 PROPERTIES FOR SALE
38 DAYS ON MARKET**
48 shadow inventory
5
(90024, 90067 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
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References
CONTACTS:
Zachariah Kahn Research & Data Designer, Teles Intelligence zach@telesintelligence.com Sharran Srivatsaa Chief Executive Officer, Teles Intelligence sharran.srivatsaa@telesproperties.com
location:
Teles Intelligence 11990 San Vicente Blvd, Suite 100 Los Angeles, Ca 90049
Phone:
424.203.1800 email:
info@telesintelligence.com
Teles intelligence FEBRUARY 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.