Micro Market Report : January 2012

Teles intelligence

micro market report january 2012 | LOS ANGELES | ORANGE COUNTY | SAN GABRIEL | SOUTH BAY

telesintelligence.com

January 2012 Summary .................................... 02

Los Angeles Area Reports ................................. 06 Orange County Area Reports ............................ 68 San Gabriel Area Reports ................................. 116 South Bay Area Reports .................................... 144

Endnotes ............................................................ 168 Glossary of Terms .............................................. 170 References ......................................................... 171

January 2012 : Micro Market Report | 01

January 2012 If you want some good news about the economy, you might want to log off your favorite Internet news site. While you are at it, turn off your TV. If you still read print newspapers, fold those up too. Every news outlet has bombarded us with a continuous stream of negative information, from high unemployment rates and low consumer confidence to growing national debt

Sharran Srivatsaa

and volatile markets.

Chief Executive Officer, Teles Intelligence

Our analysts have been pouring through the data, and we find that it tells a much different story. The problem with drinking from the data fire hydrant is that we not only have to separate the consequential from the useless, but also give it personal context so that it can actually add value to our lives. That is the question we have been hearing from many of our clients recently, “What numbers should I be watching and how does it impact me, and specifically the value of my home?�

To answer that very question, we have identified 3 key macro indicators that you hear about often and give you a framework to think about each of their influence on home prices:

Income:: A key fundamental factor is per capita income. With everything else equal, a 1% increase in income is associated with a 0.6% increase in home price. But as we are now witnessing, it is possible to have an economic recovery with (lower per capita income and) lower home prices.

02 | Micro Market Report : January 2012

telesintelligence.com

Unemployment:: Income and population growth influences prices in the short term. Higher unemployment is associated with lower home prices in the short term but the magnitude is surprisingly small. After a 1% increase in unemployment, home prices decline only by 0.15% the year after.

Excess Supply:: Research shows that elevated homeowner vacancy rates puts significant pressure on home prices. Specifically, a 1% increase in homeowner vacancy rate lowers home prices by 0.8% in the next year and by 1.8% after two years.

On the bright side, several micro markets featured in this report show us the holy trinity of the housing world. First, a steady increase in number of transactions outlines the stability of prices and approaching equilibrium in buyer/seller expectations.

Second, decrease in Days on Market (DOM) describes appetite for getting transactions done and structural improvement in access to financing. Third, excess supply is being worked through the system and we are seeing limited inventory in several areas, which combined with the first two factors points towards a developing sellers market.

The luxury markets, specifically in southern California, are showing stability and promise with strategic opportunities for both buyers and sellers. We believe that, in 2012, housing and its related industries will be the foundation for our recovery.

We hope you enjoy the updated layout, design, and analysis features of our 2012 Micro Market Reports.

All the best,

S harr an S ri vats aa Sharran Srivatsaa

January 2012 : Micro Market Report | 03

los angeles

oran cou

Los Angeles Macro Market................................. 08

Brentwood .......................................................... 20

Los Feliz ............................

Bel Air - Holmby Hills ......................................... 10

Cheviot Hills - Rancho Park ................................ 22

Malibu ...............................

Beverly Center - Miracle Mile ........................... 12

Culver City ........................................................... 24

Malibu Beach ...................

Beverly Hills ........................................................ 14

Hancock Park - Wilshire ..................................... 26

Marina del Rey .................

Beverly Hills P.O. ................................................. 16

Hollywood ........................................................... 28

Mid Los Angeles ...............

Beverlywood ....................................................... 18

Hollywood Hills East .......................................... 30

Mid Wilshire .....................

06 | Micro Market Report : January 2012

nge unty

san gabriel south bay

................................... 32

Pacific Palisades ................................................. 44

Sunset Strip - Hollywood Hills West ................. 56

................................... 34

Palms - Mar Vista ............................................... 46

Venice ................................................................. 58

................................... 36

Playa del Rey ...................................................... 48

West Hollywood ................................................. 60

................................... 38

Playa Vista .......................................................... 50

West Los Angeles .............................................. 62

................................... 40

Santa Monica ..................................................... 52

Westchester ....................................................... 64

................................... 42

Silverlake - Echo Park ......................................... 54

Westwood - Century City ................................... 66

January 2012 : Micro Market Report | 07

Los Angeles Macro Market DATA *

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$1,154,268

$1,383,240

19.8%

Average Price per Square Foot ...........................

$529

$495

-6.4%

Properties Sold .......................................................

220

222

0.9%

Properties Pending Sale .......................................

267

338

26.6%

Properties For Sale ................................................

2988

2434

-18.5%

Days on Market (Pending Sale) ...........................

87

66

-23.9%

Month’s Supply of Inventory ................................

11.2

7.2

-35.7%

Percent Under Contract ........................................

8.9%

13.9%

55.4%

Average Median Price for Last 12 Months ........

N/A

$1,267,041

9.2%

Average Median Price for Last 3 Months ..........

N/A

$1,251,571

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.

M E D I A N

S A L E S

$1.154

P R I C E

$1.383

JAN

FEB

MAR

APR

MAY

08 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

Bel Air - Holmby Hil s DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$1,935,000

$2,425,000

25.3%

Average Price per Square Foot ...........................

$550

$764

38.9%

Properties Sold .......................................................

7

5

-28.6%

Properties Pending Sale .......................................

11

13

18.2%

Properties For Sale ................................................

167

133

-20.4%

Days on Market (Pending Sale) ...........................

107

112

4.7%

Month’s Supply of Inventory ................................

15.2

10.2

-32.6%

Percent Under Contract ........................................

6.6%

9.8%

48.4%

Average Median Price for Last 12 Months ........

N/A

$1,694,029

43.1%

Average Median Price for Last 3 Months ..........

N/A

$1,884,542

28.7%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

$1.935

P R I C E

$2.425

JAN

FEB

MAR

APR

MAY

10 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$1,694,029

PROPERTIES FOR SALE

133

DAYS ON MARKET**

87

pending listings

13

**12 month average

active listings

pending listings

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 11

Beverly Center - Miracle Mile DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$725,000

$990,000

36.6%

Average Price per Square Foot ...........................

$432

$399

-7.6%

Properties Sold .......................................................

3

7

133.3%

Properties Pending Sale .......................................

12

13

8.3%

Properties For Sale ................................................

95

76

-20.0%

Days on Market (Pending Sale) ...........................

38

26

-31.6%

Month’s Supply of Inventory ................................

7.9

5.8

-26.2%

Percent Under Contract ........................................

12.6%

17.1%

35.4%

Average Median Price for Last 12 Months ........

N/A

$934,788

5.9%

Average Median Price for Last 3 Months ..........

N/A

$953,167

3.9%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

$725

P R I C E

$990

JAN

FEB

MAR

APR

MAY

12 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$934,788

PROPERTIES FOR SALE

76

DAYS ON MARKET**

47

pending listings

13

**12 month average

active listings

pending listings

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 13

Beverly Hil s DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$2,876,250

$5,300,000

84.3%

Average Price per Square Foot ...........................

$1,282

$827

-35.5%

Properties Sold .......................................................

9

2

-77.8%

Properties Pending Sale .......................................

11

5

-54.5%

Properties For Sale ................................................

144

116

-19.4%

Days on Market (Pending Sale) ...........................

86

106

23.3%

Month’s Supply of Inventory ................................

13.1

23.2

77.2%

Percent Under Contract ........................................

7.6%

4.3%

-43.6%

Average Median Price for Last 12 Months ........

N/A

$3,055,519

73.5%

Average Median Price for Last 3 Months ..........

N/A

$3,251,000

63.0%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E M E D I A N

$2.226

S A L E S

$2.346

JAN

FEB

MAR

APR

MAY

14 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$3,055,519

PROPERTIES FOR SALE

116

DAYS ON MARKET**

92

SHADOW INVENTORY

76

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 15

Beverly Hil s P.O. DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$1,610,000

$2,205,000

37.0%

Average Price per Square Foot ...........................

$569

$529

-7.0%

Properties Sold .......................................................

7

8

14.3%

Properties Pending Sale .......................................

5

5

0.0%

Properties For Sale ................................................

161

143

-11.2%

Days on Market (Pending Sale) ...........................

113

82

-27.4%

Month’s Supply of Inventory ................................

32.2

28.6

-11.2%

Percent Under Contract ........................................

3.1%

3.5%

12.6%

Average Median Price for Last 12 Months ........

N/A

$2,045,212

7.8%

Average Median Price for Last 3 Months ..........

N/A

$1,897,500

16.2%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E M E D I A N

$1.610

S A L E S

$2.205

JAN

FEB

MAR

APR

MAY

16 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$2,045,212

PROPERTIES FOR SALE

143

DAYS ON MARKET**

99

pending listings

5

**12 month average

active listings

pending listings

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 17

Beverlywood DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$925,000

$664,500

-28.2%

Average Price per Square Foot ...........................

$518

$386

-25.5%

Properties Sold .......................................................

7

11

57.1%

Properties Pending Sale .......................................

3

13

333.3%

Properties For Sale ................................................

65

64

-1.5%

Days on Market (Pending Sale) ...........................

140

72

-48.6%

Month’s Supply of Inventory ................................

21.7

4.9

-77.3%

Percent Under Contract ........................................

4.6%

20.3%

340.1%

Average Median Price for Last 12 Months ........

N/A

$755,423

-12.0%

Average Median Price for Last 3 Months ..........

N/A

$672,833

-1.2%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

$665

P R I C E

$925

JAN

FEB

MAR

APR

MAY

18 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$755,423

PROPERTIES FOR SALE

64

DAYS ON MARKET**

57

pending listings

13

**12 month average

active listings

pending listings

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 19

Brentwood DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$1,835,000

$1,900,000

3.5%

Average Price per Square Foot ...........................

$737

$686

-6.9%

Properties Sold .......................................................

7

8

14.3%

Properties Pending Sale .......................................

14

21

50.0%

Properties For Sale ................................................

143

130

-9.1%

Days on Market (Pending Sale) ...........................

92

86

-6.5%

Month’s Supply of Inventory ................................

10.2

6.2

-39.4%

Percent Under Contract ........................................

9.8%

16.2%

65.0%

Average Median Price for Last 12 Months ........

N/A

$1,857,462

2.3%

Average Median Price for Last 3 Months ..........

N/A

$1,840,000

3.3%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

P R I C E

$1.900

$1.835

JAN

FEB

MAR

APR

MAY

20 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$1,857,462

PROPERTIES FOR SALE

130

DAYS ON MARKET**

75

pending listings

21

**12 month average

active listings

pending listings

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 21

Cheviot Hil s - Rancho Park DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$1,030,000

$790,000

-23.3%

Average Price per Square Foot ...........................

$447

$501

12.1%

Properties Sold .......................................................

5

3

-40.0%

Properties Pending Sale .......................................

4

4

0.0%

Properties For Sale ................................................

37

28

-24.3%

Days on Market (Pending Sale) ...........................

39

31

-20.5%

Month’s Supply of Inventory ................................

9.3

7.0

-24.3%

Percent Under Contract ........................................

10.8%

14.3%

32.1%

Average Median Price for Last 12 Months ........

N/A

$1,191,873

-33.7%

Average Median Price for Last 3 Months ..........

N/A

$1,177,333

-32.9%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E M E D I A N

$790

S A L E S

$1.030

JAN

FEB

MAR

APR

MAY

22 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$1,191,873

PROPERTIES FOR SALE

28

DAYS ON MARKET**

57

pending listings

4

**12 month average

active listings

pending listings

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 23

Culver City DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$639,260

$595,000

-6.9%

Average Price per Square Foot ...........................

$410

$385

-6.1%

Properties Sold .......................................................

4

12

200.0%

Properties Pending Sale .......................................

9

11

22.2%

Properties For Sale ................................................

54

47

-13.0%

Days on Market (Pending Sale) ...........................

84

49

-41.7%

Month’s Supply of Inventory ................................

6.0

4.3

-28.8%

Percent Under Contract ........................................

16.7%

23.4%

40.4%

Average Median Price for Last 12 Months ........

N/A

$637,561

-6.7%

Average Median Price for Last 3 Months ..........

N/A

$688,333

-13.6%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

$595

P R I C E

$639

JAN

FEB

MAR

APR

MAY

24 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$637,561

PROPERTIES FOR SALE

47

DAYS ON MARKET**

55

SHADOW INVENTORY

63

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 25

Hancock Park - Wilshire DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$850,000

$675,000

-20.6%

Average Price per Square Foot ...........................

$388

$414

6.7%

Properties Sold .......................................................

9

14

55.6%

Properties Pending Sale .......................................

15

25

66.7%

Properties For Sale ................................................

124

129

4.0%

Days on Market (Pending Sale) ...........................

80

65

-18.8%

Month’s Supply of Inventory ................................

8.3

5.2

-37.6%

Percent Under Contract ........................................

12.1%

19.4%

60.2%

Average Median Price for Last 12 Months ........

N/A

$990,752

-31.9%

Average Median Price for Last 3 Months ..........

N/A

$887,333

-23.9%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E M E D I A N

$675

S A L E S

$850

JAN

FEB

MAR

APR

MAY

26 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$990,752

PROPERTIES FOR SALE

129

DAYS ON MARKET**

63

pending listings

25

**12 month average

active listings

pending listings

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 27

Hollywood DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$455,000

$469,000

3.1%

Average Price per Square Foot ...........................

$434

$243

-44.0%

Properties Sold .......................................................

5

3

-40.0%

Properties Pending Sale .......................................

3

4

33.3%

Properties For Sale ................................................

16

24

50.0%

Days on Market (Pending Sale) ...........................

181

72

-60.2%

Month’s Supply of Inventory ................................

5.3

6.0

12.5%

Percent Under Contract ........................................

18.8%

16.7%

-11.1%

Average Median Price for Last 12 Months ........

N/A

$435,308

7.7%

Average Median Price for Last 3 Months ..........

N/A

$376,333

24.6%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E M E D I A N

S A L E S

$469

$455

JAN

FEB

MAR

APR

MAY

28 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$435,308

PROPERTIES FOR SALE

24

DAYS ON MARKET**

54

pending listings

4

**12 month average

active listings

pending listings

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 29

Hollywood Hil s East DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$877,500

$867,000

-1.2%

Average Price per Square Foot ...........................

$394

$456

15.7%

Properties Sold .......................................................

8

7

-12.5%

Properties Pending Sale .......................................

12

13

8.3%

Properties For Sale ................................................

88

56

-36.4%

Days on Market (Pending Sale) ...........................

83

52

-37.3%

Month’s Supply of Inventory ................................

7.3

4.3

-41.3%

Percent Under Contract ........................................

13.6%

23.2%

70.2%

Average Median Price for Last 12 Months ........

N/A

$856,038

1.3%

Average Median Price for Last 3 Months ..........

N/A

$780,667

11.1%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

$867

P R I C E

$878

JAN

FEB

MAR

APR

MAY

30 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$856,038

PROPERTIES FOR SALE

56

DAYS ON MARKET**

69

pending listings

13

**12 month average

active listings

pending listings

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 31

Los Feliz DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$907,500

$1,075,725

18.5%

Average Price per Square Foot ...........................

$437

$520

19.0%

Properties Sold .......................................................

6

8

33.3%

Properties Pending Sale .......................................

7

14

100.0%

Properties For Sale ................................................

89

87

-2.2%

Days on Market (Pending Sale) ...........................

71

70

-1.4%

Month’s Supply of Inventory ................................

12.7

6.2

-51.1%

Percent Under Contract ........................................

7.9%

16.1%

104.6%

Average Median Price for Last 12 Months ........

N/A

$934,748

15.1%

Average Median Price for Last 3 Months ..........

N/A

$906,575

18.7%

$1.076

M E D I A N

S A L E S

$908

P R I C E

yearly trend

JAN

FEB

MAR

APR

MAY

32 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

telesintelligence.com

the numbers median sales price**

$934,748

PROPERTIES FOR SALE

87

DAYS ON MARKET**

51

pending listings

14

**12 month average

active listings

pending listings

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 33

Malibu DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$2,925,000

$1,300,000

-55.6%

Average Price per Square Foot ...........................

$634

$593

-6.5%

Properties Sold .......................................................

5

6

20.0%

Properties Pending Sale .......................................

6

18

200.0%

Properties For Sale ................................................

255

212

-16.9%

Days on Market (Pending Sale) ...........................

165

154

-6.7%

Month’s Supply of Inventory ................................

42.5

11.8

-72.3%

Percent Under Contract ........................................

2.4%

8.5%

260.8%

Average Median Price for Last 12 Months ........

N/A

$2,061,809

-36.9%

Average Median Price for Last 3 Months ..........

N/A

$1,552,838

-16.3%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E M E D I A N

$1.300

S A L E S

$2.925

JAN

FEB

MAR

APR

MAY

34 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$2,061,809

PROPERTIES FOR SALE

212

DAYS ON MARKET**

168

SHADOW INVENTORY

57

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 35

Malibu Beach DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$2,000,000

$5,500,000

175.0%

Average Price per Square Foot ...........................

$980

$0

-100.0%

Properties Sold .......................................................

2

1

-50.0%

Properties Pending Sale .......................................

1

3

200.0%

Properties For Sale ................................................

93

93

0.0%

Days on Market (Pending Sale) ...........................

160

72

-55.0%

Month’s Supply of Inventory ................................

93.0

31.0

-66.7%

Percent Under Contract ........................................

1.1%

3.2%

200.0%

Average Median Price for Last 12 Months ........

N/A

$5,378,773

2.3%

Average Median Price for Last 3 Months ..........

N/A

$6,750,000

-18.5%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E

$2.000

JAN

S A L E S M E D I A N

$5.500

FEB

MAR

APR

MAY

36 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$5,378,773

PROPERTIES FOR SALE

93

DAYS ON MARKET**

211

SHADOW INVENTORY

57

(Malibu)

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 37

Marina del Rey DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$1,264,500

$1,472,500

16.4%

Average Price per Square Foot ...........................

$384

$406

5.7%

Properties Sold .......................................................

2

4

100.0%

Properties Pending Sale .......................................

1

1

0.0%

Properties For Sale ................................................

32

26

-18.8%

Days on Market (Pending Sale) ...........................

168

33

-80.4%

Month’s Supply of Inventory ................................

32.0

26.0

-18.8%

Percent Under Contract ........................................

3.1%

3.8%

23.1%

Average Median Price for Last 12 Months ........

N/A

$1,382,132

6.5%

Average Median Price for Last 3 Months ..........

N/A

$1,622,500

-9.2%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E M E D I A N

$1.265

S A L E S

$1.473

JAN

FEB

MAR

APR

MAY

38 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$1,382,132

PROPERTIES FOR SALE

26

DAYS ON MARKET**

77

SHADOW INVENTORY

5

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 39

Mid Los Angeles DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$312,000

$405,500

30.0%

Average Price per Square Foot ...........................

$192

$236

22.9%

Properties Sold .......................................................

17

10

-41.2%

Properties Pending Sale .......................................

15

14

-6.7%

Properties For Sale ................................................

137

96

-29.9%

Days on Market (Pending Sale) ...........................

69

65

-5.8%

Month’s Supply of Inventory ................................

9.1

6.9

-24.9%

Percent Under Contract ........................................

10.9%

14.6%

33.2%

Average Median Price for Last 12 Months ........

N/A

$309,325

31.1%

Average Median Price for Last 3 Months ..........

N/A

$333,492

21.6%

$406

M E D I A N

S A L E S

$312

P R I C E

yearly trend

JAN

FEB

MAR

APR

MAY

40 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

telesintelligence.com

the numbers median sales price**

$309,325

PROPERTIES FOR SALE

96

DAYS ON MARKET**

60

pending listings

14

**12 month average

active listings

pending listings

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 41

Mid Wilshire DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$440,000

$398,000

-9.5%

Average Price per Square Foot ...........................

$204

$220

7.8%

Properties Sold .......................................................

6

4

-33.3%

Properties Pending Sale .......................................

3

2

-33.3%

Properties For Sale ................................................

42

17

-59.5%

Days on Market (Pending Sale) ...........................

81

44

-45.7%

Month’s Supply of Inventory ................................

14.0

8.5

-39.3%

Percent Under Contract ........................................

7.1%

11.8%

64.7%

Average Median Price for Last 12 Months ........

N/A

$438,857

-9.3%

Average Median Price for Last 3 Months ..........

N/A

$345,087

15.3%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E M E D I A N

$398

S A L E S

$440

JAN

FEB

MAR

APR

MAY

42 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$438,857

PROPERTIES FOR SALE

17

DAYS ON MARKET**

40

pending listings

2

**12 month average

active listings

pending listings

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 43

Pacific Palisades DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$1,431,895

$1,700,000

18.7%

Average Price per Square Foot ...........................

$580

$744

28.3%

Properties Sold .......................................................

16

15

-6.3%

Properties Pending Sale .......................................

13

16

23.1%

Properties For Sale ................................................

177

126

-28.8%

Days on Market (Pending Sale) ...........................

65

62

-4.6%

Month’s Supply of Inventory ................................

13.6

7.9

-42.2%

Percent Under Contract ........................................

7.3%

12.7%

72.9%

Average Median Price for Last 12 Months ........

N/A

$1,703,405

-0.2%

Average Median Price for Last 3 Months ..........

N/A

$1,568,447

8.4%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

$1.432

P R I C E

$1.700

JAN

FEB

MAR

APR

MAY

44 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$1,703,405

PROPERTIES FOR SALE

126

DAYS ON MARKET**

63

SHADOW INVENTORY

33

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 45

Palms - Mar Vista DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$688,000

$719,950

4.6%

Average Price per Square Foot ...........................

$409

$428

4.6%

Properties Sold .......................................................

12

16

33.3%

Properties Pending Sale .......................................

12

16

33.3%

Properties For Sale ................................................

102

74

-27.5%

Days on Market (Pending Sale) ...........................

42

57

35.7%

Month’s Supply of Inventory ................................

8.5

4.6

-45.6%

Percent Under Contract ........................................

11.8%

21.6%

83.8%

Average Median Price for Last 12 Months ........

N/A

$741,400

-2.9%

Average Median Price for Last 3 Months ..........

N/A

$801,650

-10.2%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

P R I C E

$720

$688

JAN

FEB

MAR

APR

MAY

46 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$741,400

PROPERTIES FOR SALE

74

DAYS ON MARKET**

51

pending listings

16

**12 month average

active listings

pending listings

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 47

Playa del Rey DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$1,600,000

$760,000

-52.5%

Average Price per Square Foot ...........................

$640

$356

-44.4%

Properties Sold .......................................................

1

3

200.0%

Properties Pending Sale .......................................

5

2

-60.0%

Properties For Sale ................................................

33

19

-42.4%

Days on Market (Pending Sale) ...........................

115

14

-87.8%

Month’s Supply of Inventory ................................

6.6

9.5

43.9%

Percent Under Contract ........................................

15.2%

10.5%

-30.5%

Average Median Price for Last 12 Months ........

N/A

$980,995

-22.5%

Average Median Price for Last 3 Months ..........

N/A

$758,750

0.2%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

$760

S A L E S

P R I C E

$1.600

JAN

FEB

MAR

APR

MAY

48 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$980,995

PROPERTIES FOR SALE

19

DAYS ON MARKET**

62

SHADOW INVENTORY

9

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 49

Playa Vista DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$0

$0

N/A

Average Price per Square Foot ...........................

$0

$0

N/A

Properties Sold .......................................................

0

0

N/A

Properties Pending Sale .......................................

0

1

N/A

Properties For Sale ................................................

4

3

-25.0%

Days on Market (Pending Sale) ...........................

0

87

N/A

Month’s Supply of Inventory ................................

N/A

3.0

N/A

Percent Under Contract ........................................

0.0%

33.3%

N/A

Average Median Price for Last 12 Months ........

N/A

$922,893

N/A

Average Median Price for Last 3 Months ..........

N/A

$701,000

N/A

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E S A L E S JAN

FEB

MAR

APR

MAY

50 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

M E D I A N

$0

$0

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$922,893

PROPERTIES FOR SALE

3

DAYS ON MARKET**

21

SHADOW INVENTORY

0

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 51

Santa Monica DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$1,385,000

$1,830,000

32.1%

Average Price per Square Foot ...........................

$630

$778

23.5%

Properties Sold .......................................................

17

11

-35.3%

Properties Pending Sale .......................................

17

22

29.4%

Properties For Sale ................................................

123

100

-18.7%

Days on Market (Pending Sale) ...........................

50

47

-6.0%

Month’s Supply of Inventory ................................

7.2

4.5

-37.2%

Percent Under Contract ........................................

13.8%

22.0%

59.2%

Average Median Price for Last 12 Months ........

N/A

$1,584,715

15.5%

Average Median Price for Last 3 Months ..........

N/A

$1,739,333

5.2%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

$1.385

P R I C E

$1.830

JAN

FEB

MAR

APR

MAY

52 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$1,584,715

PROPERTIES FOR SALE

100

DAYS ON MARKET**

67

SHADOW INVENTORY

38

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 53

Silverlake - Echo Park DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$321,000

$685,000

113.4%

Average Price per Square Foot ...........................

$322

$410

27.3%

Properties Sold .......................................................

9

8

-11.1%

Properties Pending Sale .......................................

12

22

83.3%

Properties For Sale ................................................

96

91

-5.2%

Days on Market (Pending Sale) ...........................

67

50

-25.4%

Month’s Supply of Inventory ................................

8.0

4.1

-48.3%

Percent Under Contract ........................................

12.5%

24.2%

93.4%

Average Median Price for Last 12 Months ........

N/A

$621,577

10.2%

Average Median Price for Last 3 Months ..........

N/A

$613,500

11.7%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E S A L E S

$685

M E D I A N

$321

JAN

FEB

MAR

APR

MAY

54 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$621,577

PROPERTIES FOR SALE

91

DAYS ON MARKET**

49

SHADOW INVENTORY

58

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 55

Sunset Strip - Hollywood Hil s West DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$1,400,000

$1,789,950

27.9%

Average Price per Square Foot ...........................

$594

$708

19.2%

Properties Sold .......................................................

21

12

-42.9%

Properties Pending Sale .......................................

23

27

17.4%

Properties For Sale ................................................

344

262

-23.8%

Days on Market (Pending Sale) ...........................

73

72

-1.4%

Month’s Supply of Inventory ................................

15.0

9.7

-35.1%

Percent Under Contract ........................................

6.7%

10.3%

54.1%

Average Median Price for Last 12 Months ........

N/A

$1,315,746

36.0%

Average Median Price for Last 3 Months ..........

N/A

$1,439,483

24.3%

$1.790

M E D I A N

S A L E S

$1.400

P R I C E

yearly trend

JAN

FEB

MAR

APR

MAY

56 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

telesintelligence.com

the numbers median sales price**

$1,315,746

PROPERTIES FOR SALE

262

DAYS ON MARKET**

77

pending listings

27

**12 month average

active listings

pending listings

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 57

Venice DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$920,000

$729,098

-20.8%

Average Price per Square Foot ...........................

$595

$743

24.9%

Properties Sold .......................................................

3

8

166.7%

Properties Pending Sale .......................................

21

11

-47.6%

Properties For Sale ................................................

121

78

-35.5%

Days on Market (Pending Sale) ...........................

81

74

-8.6%

Month’s Supply of Inventory ................................

5.8

7.1

23.1%

Percent Under Contract ........................................

17.4%

14.1%

-18.7%

Average Median Price for Last 12 Months ........

N/A

$949,892

-23.2%

Average Median Price for Last 3 Months ..........

N/A

$958,866

-24.0%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E M E D I A N

$729

S A L E S

$920

JAN

FEB

MAR

APR

MAY

58 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$949,892

PROPERTIES FOR SALE

78

DAYS ON MARKET**

67

SHADOW INVENTORY

36

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 59

West Hollywood DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$829,000

$821,000

-1.0%

Average Price per Square Foot ...........................

$545

$680

24.8%

Properties Sold .......................................................

9

8

-11.1%

Properties Pending Sale .......................................

10

9

-10.0%

Properties For Sale ................................................

63

47

-25.4%

Days on Market (Pending Sale) ...........................

58

112

93.1%

Month’s Supply of Inventory ................................

8.5

7.8

-8.2%

Percent Under Contract ........................................

8.7%

8.0%

-8.0%

Average Median Price for Last 12 Months ........

N/A

$923,981

-11.1%

Average Median Price for Last 3 Months ..........

N/A

$877,000

-6.4%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E M E D I A N

$821

S A L E S

$829

JAN

FEB

MAR

APR

MAY

60 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$923,981

PROPERTIES FOR SALE

47

DAYS ON MARKET**

70

SHADOW INVENTORY

26

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 61

West Los Angeles DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$542,000

$720,000

32.8%

Average Price per Square Foot ...........................

$551

$477

-13.4%

Properties Sold .......................................................

2

7

250.0%

Properties Pending Sale .......................................

4

4

0.0%

Properties For Sale ................................................

39

28

-28.2%

Days on Market (Pending Sale) ...........................

77

58

-24.7%

Month’s Supply of Inventory ................................

9.8

7.0

-28.2%

Percent Under Contract ........................................

10.3%

14.3%

39.3%

Average Median Price for Last 12 Months ........

N/A

$609,304

18.2%

Average Median Price for Last 3 Months ..........

N/A

$520,667

38.3%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

$542

P R I C E

$720

JAN

FEB

MAR

APR

MAY

62 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$609,304

PROPERTIES FOR SALE

28

DAYS ON MARKET**

63

pending listings

4

**12 month average

active listings

pending listings

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 63

Westchester DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$632,500

$665,000

5.1%

Average Price per Square Foot ...........................

$419

$376

-10.3%

Properties Sold .......................................................

10

7

-30.0%

Properties Pending Sale .......................................

10

18

80.0%

Properties For Sale ................................................

71

62

-12.7%

Days on Market (Pending Sale) ...........................

62

74

19.4%

Month’s Supply of Inventory ................................

7.1

3.4

-51.5%

Percent Under Contract ........................................

14.1%

29.0%

106.1%

Average Median Price for Last 12 Months ........

N/A

$636,058

4.6%

Average Median Price for Last 3 Months ..........

N/A

$620,000

7.3%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

P R I C E

$665

$633

JAN

FEB

MAR

APR

MAY

64 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$636,058

PROPERTIES FOR SALE

62

DAYS ON MARKET**

50

pending listings

18

**12 month average

active listings

pending listings

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 65

Westwood - Century City DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$963,100

$1,278,500

32.7%

Average Price per Square Foot ...........................

$536

$597

11.4%

Properties Sold .......................................................

11

14

27.3%

Properties Pending Sale .......................................

8

11

37.5%

Properties For Sale ................................................

73

67

-8.2%

Days on Market (Pending Sale) ...........................

68

17

-75.0%

Month’s Supply of Inventory ................................

9.1

6.1

-33.3%

Percent Under Contract ........................................

11.0%

16.4%

49.8%

Average Median Price for Last 12 Months ........

N/A

$1,296,487

-1.4%

Average Median Price for Last 3 Months ..........

N/A

$1,429,768

-10.6%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E S A L E S

$1.279

M E D I A N

$963

JAN

FEB

MAR

APR

MAY

66 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$1,296,487

PROPERTIES FOR SALE

67

DAYS ON MARKET**

42

pending listings

11

**12 month average

active listings

pending listings

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 67

los angeles

oran cou

Orange Country Macro Market .......................... 72

East Costa Mesa ................................................ 82

Lower Newport Bay - Balb

Balboa Peninsula ................................................ 74

Fountain Valley ................................................... 84

Newport Beach (all areas)

Corona del Mar - Spyglass ................................. 76

Huntington Beach ............................................... 86

Newport Coast .................

Crystal Cove ........................................................ 78

Irvine ................................................................... 88

Newport Heights ..............

East Bluff - Harbor View ..................................... 80

Laguna Beach (all areas) .................................... 90

Pelican Crest .....................

70 | Micro Market Report : January 2012

nge unty

san gabriel south bay

boa Island .................

92

Pelican Hill ......................................................... 102

West Bay - Santa Ana Heights ......................... 112

) ................................

94

Pelican Point ...................................................... 104

West Newport - Lido ......................................... 114

..................................

96

Shady Canyon .................................................... 106

..................................

98

Turtle Ridge ........................................................ 108

.................................. 100

Turtle Rock ......................................................... 110

January 2012 : Micro Market Report | 71

Orange County Macro Market DATA *

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$1,463,472

$1,746,945

19.4%

Average Price per Square Foot ...........................

$520

$531

2.1%

Properties Sold .......................................................

255

264

3.5%

Properties Pending Sale .......................................

276

386

39.9%

Properties For Sale ................................................

2712

2368

-12.7%

Days on Market (Pending Sale) ...........................

92

59

-35.7%

Month’s Supply of Inventory ................................

9.8

6.1

-37.6%

Percent Under Contract ........................................

10.2%

16.3%

60.2%

Average Median Price for Last 12 Months ........

N/A

$1,698,741

2.8%

Average Median Price for Last 3 Months ..........

N/A

$1,815,758

-3.8%

*Information obtained from Broker Metrics, SOCAL MLS and Foreclosure Radar for all areas in Orange County 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

$1.463

P R I C E

$1.747

JAN

FEB

MAR

APR

MAY

72 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

Balboa Peninsula DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$1,300,000

$2,300,000

76.9%

Average Price per Square Foot ...........................

$813

$852

4.8%

Properties Sold .......................................................

3

1

-66.7%

Properties Pending Sale .......................................

3

2

-33.3%

Properties For Sale ................................................

53

68

28.3%

Days on Market (Pending Sale) ...........................

165

4

-97.6%

Month’s Supply of Inventory ................................

17.7

34.0

92.5%

Percent Under Contract ........................................

5.7%

2.9%

-48.0%

Average Median Price for Last 12 Months ........

N/A

$2,277,898

1.0%

Average Median Price for Last 3 Months ..........

N/A

$2,212,500

4.0%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E M E D I A N

$1.300

S A L E S

$2.300

JAN

FEB

MAR

APR

MAY

74 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$2,277,989

PROPERTIES FOR SALE

68

DAYS ON MARKET**

119

SHADOW INVENTORY

169

(Newport beach)

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 75

Corona del Mar - Spyglass DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$1,630,000

$1,840,000

12.9%

Average Price per Square Foot ...........................

$732

$726

-0.8%

Properties Sold .......................................................

12

7

-41.7%

Properties Pending Sale .......................................

9

11

22.2%

Properties For Sale ................................................

110

107

-2.7%

Days on Market (Pending Sale) ...........................

163

97

-40.5%

Month’s Supply of Inventory ................................

12.2

9.7

-20.4%

Percent Under Contract ........................................

8.2%

10.3%

25.6%

Average Median Price for Last 12 Months ........

N/A

$1,796,308

2.4%

Average Median Price for Last 3 Months ..........

N/A

$1,930,000

-4.7%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

P R I C E

$1.840 $1.630

JAN

FEB

MAR

APR

MAY

76 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$1,796,308

PROPERTIES FOR SALE

107

DAYS ON MARKET**

130

SHADOW INVENTORY

15

(corona del mar)

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 77

Crystal Cove DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$0

$2,863,750

N/A

Average Price per Square Foot ...........................

$0

$788

N/A

Properties Sold .......................................................

0

1

N/A

Properties Pending Sale .......................................

1

2

100.0%

Properties For Sale ................................................

28

21

-25.0%

Days on Market (Pending Sale) ...........................

42

48

14.3%

Month’s Supply of Inventory ................................

28

10.5

-62.5%

Percent Under Contract ........................................

3.6%

9.5%

166.7%

Average Median Price for Last 12 Months ........

N/A

$4,188,625

-31.6%

Average Median Price for Last 3 Months ..........

N/A

$4,146,250

-30.9%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E M E D I A N

$2.226

S A L E S

$2.346

JAN

FEB

MAR

APR

MAY

78 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$4,188,625

PROPERTIES FOR SALE

21

DAYS ON MARKET**

111

SHADOW INVENTORY

40

(Newport coast)

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 79

East Bluff - Harbor View DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$1,284,000

$1,138,500

-11.3%

Average Price per Square Foot ...........................

$495

$473

-4.4%

Properties Sold .......................................................

9

16

77.8%

Properties Pending Sale .......................................

12

15

25.0%

Properties For Sale ................................................

110

110

0.0%

Days on Market (Pending Sale) ...........................

181

96

-47.0%

Month’s Supply of Inventory ................................

9.2

7.3

-20.0%

Percent Under Contract ........................................

10.9%

13.6%

25.0%

Average Median Price for Last 12 Months ........

N/A

$1,405,615

-19.0%

Average Median Price for Last 3 Months ..........

N/A

$1,348,667

-15.6%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E M E D I A N

$1.135

S A L E S

$1.284

JAN

FEB

MAR

APR

MAY

78 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$1,405,615

PROPERTIES FOR SALE

110

DAYS ON MARKET**

118

SHADOW INVENTORY

169

(Newport beach)

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 79

East Costa Mesa DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$592,000

$610,000

3.0%

Average Price per Square Foot ...........................

$350

$374

6.9%

Properties Sold .......................................................

12

9

-25.0%

Properties Pending Sale .......................................

11

16

45.5%

Properties For Sale ................................................

73

60

-17.8%

Days on Market (Pending Sale) ...........................

74

46

-37.8%

Month’s Supply of Inventory ................................

6.6

3.8

-43.5%

Percent Under Contract ........................................

15.1%

26.7%

77.0%

Average Median Price for Last 12 Months ........

N/A

$658,565

-7.4%

Average Median Price for Last 3 Months ..........

N/A

$638,333

-4.4%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

P R I C E

$610

$592

JAN

FEB

MAR

APR

MAY

80 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$658,565

PROPERTIES FOR SALE

60

DAYS ON MARKET**

83

SHADOW INVENTORY

241

(Costa mesa)

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 81

Fountain Valley DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$572,000

$550,000

-3.8%

Average Price per Square Foot ...........................

$287

$278

-3.1%

Properties Sold .......................................................

25

17

-32.0%

Properties Pending Sale .......................................

18

31

72.2%

Properties For Sale ................................................

132

117

-11.4%

Days on Market (Pending Sale) ...........................

80

66

-17.5%

Month’s Supply of Inventory ................................

7.3

3.8

-48.5%

Percent Under Contract ........................................

13.6%

26.5%

94.3%

Average Median Price for Last 12 Months ........

N/A

$550,538

-0.1%

Average Median Price for Last 3 Months ..........

N/A

$528,500

4.1%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

$550

P R I C E

$572

JAN

FEB

MAR

APR

MAY

82 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$550,538

PROPERTIES FOR SALE

117

DAYS ON MARKET**

77

SHADOW INVENTORY

162

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 83

Huntington Beach DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$617,500

$565,000

-8.5%

Average Price per Square Foot ...........................

$351

$350

-0.3%

Properties Sold .......................................................

56

61

8.9%

Properties Pending Sale .......................................

69

100

44.9%

Properties For Sale ................................................

571

442

-22.6%

Days on Market (Pending Sale) ...........................

129

64

-50.4%

Month’s Supply of Inventory ................................

8.3

4.4

-46.6%

Percent Under Contract ........................................

12.1%

22.6%

87.2%

Average Median Price for Last 12 Months ........

N/A

$593,285

-4.8%

Average Median Price for Last 3 Months ..........

N/A

$570,000

-0.9%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

$565

S A L E S

P R I C E

$618

JAN

FEB

MAR

APR

MAY

84 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$593,285

PROPERTIES FOR SALE

442

DAYS ON MARKET**

101

SHADOW INVENTORY

467

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 85

Irvine DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$759,500

$752,500

-0.9%

Average Price per Square Foot ...........................

$355

$359

1.1%

Properties Sold .......................................................

46

50

8.7%

Properties Pending Sale .......................................

52

72

38.5%

Properties For Sale ................................................

426

356

-16.4%

Days on Market (Pending Sale) ...........................

101

93

-7.9%

Month’s Supply of Inventory ................................

8.2

4.9

-39.6%

Percent Under Contract ........................................

12.2%

20.2%

65.7%

Average Median Price for Last 12 Months ........

N/A

$718,799

4.7%

Average Median Price for Last 3 Months ..........

N/A

$712,796

5.6%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

$753

P R I C E

$756

JAN

FEB

MAR

APR

MAY

86 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$718,799

PROPERTIES FOR SALE

356

DAYS ON MARKET**

91

SHADOW INVENTORY

292

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 87

Laguna Beach (all areas) DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$1,075,000

$887,500

-17.4%

Average Price per Square Foot ...........................

$777

$635

-18.3%

Properties Sold .......................................................

24

18

-25.0%

Properties Pending Sale .......................................

31

36

16.1%

Properties For Sale ................................................

327

274

-16.2%

Days on Market (Pending Sale) ...........................

188

117

-37.8%

Month’s Supply of Inventory ................................

10.5

7.6

-27.8%

Percent Under Contract ........................................

9.5%

13.1%

38.6%

Average Median Price for Last 12 Months ........

N/A

$1,187,096

-25.2%

Average Median Price for Last 3 Months ..........

N/A

$1,181,167

-24.9%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E M E D I A N

$888

S A L E S

$1.075

JAN

FEB

MAR

APR

MAY

88 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$1,187,096

PROPERTIES FOR SALE

274

DAYS ON MARKET**

153

SHADOW INVENTORY

111

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 89

Lower Newport Bay - Balboa Island DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$3,947,500

$1,641,717

-58.4%

Average Price per Square Foot ...........................

$1,109

$899

-18.9%

Properties Sold .......................................................

2

2

0.0%

Properties Pending Sale .......................................

6

4

-33.3%

Properties For Sale ................................................

53

49

-7.5%

Days on Market (Pending Sale) ...........................

116

63

-45.7%

Month’s Supply of Inventory ................................

8.8

12.3

38.7%

Percent Under Contract ........................................

11.3%

8.2%

-27.9%

Average Median Price for Last 12 Months ........

N/A

$2,131,671

-23.0%

Average Median Price for Last 3 Months ..........

N/A

$2,137,239

-23.2%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

$1.642

S A L E S

P R I C E

$3.948

JAN

FEB

MAR

APR

MAY

90 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$2,131,671

PROPERTIES FOR SALE

49

DAYS ON MARKET**

103

SHADOW INVENTORY

169

(Newport beach)

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 91

Newport Beach (all areas) DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$1,400,000

$1,138,500

-18.7%

Average Price per Square Foot ...........................

$581

$522

-10.2%

Properties Sold .......................................................

31

36

16.1%

Properties Pending Sale .......................................

37

47

27.0%

Properties For Sale ................................................

407

387

-4.9%

Days on Market (Pending Sale) ...........................

144

88

-38.9%

Month’s Supply of Inventory ................................

11.0

8.2

-25.1%

Percent Under Contract ........................................

9.1%

12.1%

33.6%

Average Median Price for Last 12 Months ........

N/A

$1,344,087

-15.3%

Average Median Price for Last 3 Months ..........

N/A

$1,259,500

-9.6%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

$1.139

P R I C E

$1.400

JAN

FEB

MAR

APR

MAY

92 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$1,344,087

PROPERTIES FOR SALE

387

DAYS ON MARKET**

118

SHADOW INVENTORY

169

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 93

Newport Coast DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$1,890,000

$1,682,500

-11.0%

Average Price per Square Foot ...........................

$561

$616

9.8%

Properties Sold .......................................................

13

16

23.1%

Properties Pending Sale .......................................

8

16

100.0%

Properties For Sale ................................................

109

91

-16.5%

Days on Market (Pending Sale) ...........................

102

87

-14.7%

Month’s Supply of Inventory ................................

13.6

5.7

-58.3%

Percent Under Contract ........................................

7.3%

17.6%

139.6%

Average Median Price for Last 12 Months ........

N/A

$1,806,885

-6.9%

Average Median Price for Last 3 Months ..........

N/A

$1,621,667

3.8%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E M E D I A N

$1.683

S A L E S

$1.890

JAN

FEB

MAR

APR

MAY

94 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$1,806,885

PROPERTIES FOR SALE

91

DAYS ON MARKET**

120

SHADOW INVENTORY

40

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 95

Newport Heights DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$1,575,000

$840,500

-46.6%

Average Price per Square Foot ...........................

$547

$562

2.7%

Properties Sold .......................................................

4

2

-50.0%

Properties Pending Sale .......................................

5

3

-40.0%

Properties For Sale ................................................

36

27

-25.0%

Days on Market (Pending Sale) ...........................

100

37

-63.0%

Month’s Supply of Inventory ................................

7.2

9

25.0%

Percent Under Contract ........................................

13.9%

11.1%

-20.0%

Average Median Price for Last 12 Months ........

N/A

$1,226,008

-31.4%

Average Median Price for Last 3 Months ..........

N/A

$996,500

-15.7%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E M E D I A N

$841

S A L E S

$1.575

JAN

FEB

MAR

APR

MAY

96 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$1,226,008

PROPERTIES FOR SALE

27

DAYS ON MARKET**

88

SHADOW INVENTORY

169

(Newport beach)

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 97

Pelican Crest DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$0

$8,100,000

N/A

Average Price per Square Foot ...........................

$0

$756

N/A

Properties Sold .......................................................

0

3

N/A

Properties Pending Sale .......................................

0

2

N/A

Properties For Sale ................................................

11

14

27.3%

Days on Market (Pending Sale) ...........................

0

76

N/A

Month’s Supply of Inventory ................................

N/A

7

N/A

Percent Under Contract ........................................

0.0%

14.3%

N/A

Average Median Price for Last 12 Months ........

N/A

$6,789,167

19.3%

Average Median Price for Last 3 Months ..........

N/A

$8,692,500

-6.8%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E M E D I A N

S A L E S

$8.100

$0 JAN

FEB

MAR

APR

MAY

98 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$6,789,167

PROPERTIES FOR SALE

14

DAYS ON MARKET**

174

SHADOW INVENTORY

40

(Newport coast)

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 99

Pelican Hil DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$0

$0

N/A

Average Price per Square Foot ...........................

$0

$0

N/A

Properties Sold .......................................................

0

0

N/A

Properties Pending Sale .......................................

0

0

N/A

Properties For Sale ................................................

13

8

-38.5%

Days on Market (Pending Sale) ...........................

0

0

N/A

Month’s Supply of Inventory ................................

N/A

N/A

N/A

Percent Under Contract ........................................

0.0%

0.0%

N/A

Average Median Price for Last 12 Months ........

N/A

$5,633,667

N/A

Average Median Price for Last 3 Months ..........

N/A

$5,800,000

N/A

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E S A L E S JAN

$0 FEB

MAR

APR

MAY

100 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

M E D I A N

$0

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$5,633,667

PROPERTIES FOR SALE

203

DAYS ON MARKET**

303

SHADOW INVENTORY

40

(Newport coast)

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 101

Pelican Point DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$0

$0

N/A

Average Price per Square Foot ...........................

$0

$0

N/A

Properties Sold .......................................................

0

0

N/A

Properties Pending Sale .......................................

0

0

N/A

Properties For Sale ................................................

3

2

-33.3%

Days on Market (Pending Sale) ...........................

0

0

N/A

Month’s Supply of Inventory ................................

N/A

N/A

N/A

Percent Under Contract ........................................

0.0%

0.0%

N/A

Average Median Price for Last 12 Months ........

N/A

$5,400,000

-100.0%

Average Median Price for Last 3 Months ..........

N/A

N/A

N/A

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E S A L E S JAN

$0 FEB

MAR

APR

MAY

102 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

M E D I A N

$0

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$5,400,000

PROPERTIES FOR SALE

2

DAYS ON MARKET**

295

SHADOW INVENTORY

40

(Newport coast)

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 103

Shady Canyon DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$4,300,000

$2,710,000

-37.0%

Average Price per Square Foot ...........................

$430

$440

2.3%

Properties Sold .......................................................

1

2

100.0%

Properties Pending Sale .......................................

0

0

#DIV/0!

Properties For Sale ................................................

19

22

15.8%

Days on Market (Pending Sale) ...........................

0

0

#DIV/0!

Month’s Supply of Inventory ................................

#DIV/0!

#DIV/0!

#DIV/0!

Percent Under Contract ........................................

0.0%

0.0%

#DIV/0!

Average Median Price for Last 12 Months ........

N/A

$4,505,889

-39.9%

Average Median Price for Last 3 Months ..........

N/A

$3,855,000

-29.7%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E JAN

FEB

MAR

APR

MAY

104 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

S A L E S

$2.710

M E D I A N

$4.300

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$4,505,889

PROPERTIES FOR SALE

22

DAYS ON MARKET**

132

SHADOW INVENTORY

292

(Irvine)

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 105

Turtle Ridge DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$1,260,000

$2,595,000

106.0%

Average Price per Square Foot ...........................

$504

$463

-8.1%

Properties Sold .......................................................

1

1

0.0%

Properties Pending Sale .......................................

2

3

50.0%

Properties For Sale ................................................

25

22

-12.0%

Days on Market (Pending Sale) ...........................

43

68

58.1%

Month’s Supply of Inventory ................................

12.5

7.3

-41.3%

Percent Under Contract ........................................

8.0%

13.6%

70.5%

Average Median Price for Last 12 Months ........

N/A

$1,891,804

37.2%

Average Median Price for Last 3 Months ..........

N/A

$2,117,500

22.6%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E S A L E S

$2.595

M E D I A N

$1.260

JAN

FEB

MAR

APR

MAY

106 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$1,891,804

PROPERTIES FOR SALE

22

DAYS ON MARKET**

102

SHADOW INVENTORY

292

(Irvine)

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 107

Turtle Rock DATA *

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$1,050,000

$2,575,000

145.2%

Average Price per Square Foot ...........................

$440

$480

9.1%

Properties Sold .......................................................

4

7

75.0%

Properties Pending Sale .......................................

1

3

200.0%

Properties For Sale ................................................

52

58

11.5%

Days on Market (Pending Sale) ...........................

98

31

-68.4%

Month’s Supply of Inventory ................................

52

19.3

-62.8%

Percent Under Contract ........................................

1.9%

5.2%

169.0%

Average Median Price for Last 12 Months ........

N/A

$1,619,462

59.0%

Average Median Price for Last 3 Months ..........

N/A

$1,598,333

61.1%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E S A L E S

$2.575

JAN

M E D I A N

$1.050

FEB

MAR

APR

MAY

108 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$1,619,462

PROPERTIES FOR SALE

58

DAYS ON MARKET**

97

SHADOW INVENTORY

292

(Irvine)

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 109

West Bay - Santa Ana Heights DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$940,000

$1,198,440

27.5%

Average Price per Square Foot ...........................

$389

$452

16.2%

Properties Sold .......................................................

7

8

14.3%

Properties Pending Sale .......................................

7

15

114.3%

Properties For Sale ................................................

76

64

-15.8%

Days on Market (Pending Sale) ...........................

90

76

-15.6%

Month’s Supply of Inventory ................................

10.9

4.3

-60.7%

Percent Under Contract ........................................

9.2%

23.4%

154.5%

Average Median Price for Last 12 Months ........

N/A

$1,097,165

9.2%

Average Median Price for Last 3 Months ..........

N/A

$1,196,147

0.2%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

$940

P R I C E

$1.198

JAN

FEB

MAR

APR

MAY

110 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$1,097,165

PROPERTIES FOR SALE

64

DAYS ON MARKET**

110

SHADOW INVENTORY

169

(Newport beach)

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 111

West Newport - Lido DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$2,150,000

$950,000

-55.8%

Average Price per Square Foot ...........................

$636

$595

-6.4%

Properties Sold .......................................................

5

7

40.0%

Properties Pending Sale .......................................

4

8

100.0%

Properties For Sale ................................................

78

69

-11.5%

Days on Market (Pending Sale) ...........................

212

146

-31.1%

Month’s Supply of Inventory ................................

19.5

8.6

-55.8%

Percent Under Contract ........................................

5.1%

11.6%

126.1%

Average Median Price for Last 12 Months ........

N/A

$1,334,008

-28.8%

Average Median Price for Last 3 Months ..........

N/A

$1,183,333

-19.7%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E M E D I A N

$950

S A L E S

$2.150

JAN

FEB

MAR

APR

MAY

112 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$1,334,008

PROPERTIES FOR SALE

69

DAYS ON MARKET**

156

SHADOW INVENTORY

169

(Newport beach)

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 113

los angeles

oran cou

San Gabriel Valley Macro Market...................... 120

Arcadia ............................................................... 126

La Canada Flintridge .........

Alhambra ........................................................... 122

Eagle Rock ......................................................... 128

La Crescenta .....................

Altadena ............................................................ 124

Glendale ............................................................. 130

San Gabriel .......................

116 | Micro Market Report : January 2012

nge unty

san gabriel south bay

.................................. 132

Pasadena ........................................................... 138

.................................. 134

South Pasadena ................................................. 140

.................................. 136

Valencia ............................................................. 142

January 2012 : Micro Market Report | 117

San Gabriel Valley Macro Market DATA *

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$543,364

$531,818

-2.1%

Average Price per Square Foot ...........................

$342

$338

-1.1%

Properties Sold .......................................................

232

196

-15.5%

Properties Pending Sale .......................................

250

299

19.6%

Properties For Sale ................................................

1473

958

-35.0%

Days on Market (Pending Sale) ...........................

62

62

-0.7%

Month’s Supply of Inventory ................................

5.9

3.2

-45.6%

Percent Under Contract ........................................

17.0%

31.2%

83.9%

Average Median Price for Last 12 Months ........

N/A

$561,133

-5.2%

Average Median Price for Last 3 Months ..........

N/A

$554,455

-4.1%

*Information obtained from iTech MLS and Foreclosure Radar for all areas in San Gabriel Valley Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E M E D I A N

$532

S A L E S

$543

JAN

FEB

MAR

APR

MAY

118 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

Alhambra DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$425,000

$437,000

2.8%

Average Price per Square Foot ...........................

$347

$322

-7.2%

Properties Sold .......................................................

15

12

-20.0%

Properties Pending Sale .......................................

18

16

-11.1%

Properties For Sale ................................................

81

52

-35.8%

Days on Market (Pending Sale) ...........................

52

62

19.2%

Month’s Supply of Inventory ................................

4.5

3.3

-27.8%

Percent Under Contract ........................................

22.2%

30.8%

38.5%

Average Median Price for Last 12 Months ........

N/A

$452,000

-3.3%

Average Median Price for Last 3 Months ..........

N/A

$462,000

-5.4%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E M E D I A N

$425

S A L E S

$437

JAN

FEB

MAR

APR

MAY

120 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$452,000

PROPERTIES FOR SALE

52

DAYS ON MARKET**

61

SHADOW INVENTORY

79

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 121

Altadena DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$376,000

$370,000

-1.6%

Average Price per Square Foot ...........................

$322

$280

-13.0%

Properties Sold .......................................................

22

27

22.7%

Properties Pending Sale .......................................

25

27

8.0%

Properties For Sale ................................................

144

92

-36.1%

Days on Market (Pending Sale) ...........................

62

63

1.6%

Month’s Supply of Inventory ................................

5.8

3.4

-40.8%

Percent Under Contract ........................................

17.4%

29.3%

69.0%

Average Median Price for Last 12 Months ........

N/A

$438,154

-15.6%

Average Median Price for Last 3 Months ..........

N/A

$424,000

-12.7%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

$370

P R I C E

$376

JAN

FEB

MAR

APR

MAY

122 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$438,154

PROPERTIES FOR SALE

92

DAYS ON MARKET**

73

SHADOW INVENTORY

174

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 123

Arcadia DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$855,000

$810,000

-5.3%

Average Price per Square Foot ...........................

$382

$377

-1.3%

Properties Sold .......................................................

21

18

-14.3%

Properties Pending Sale .......................................

33

26

-21.2%

Properties For Sale ................................................

162

132

-18.5%

Days on Market (Pending Sale) ...........................

50

67

34.0%

Month’s Supply of Inventory ................................

4.9

5.1

3.4%

Percent Under Contract ........................................

20.4%

19.7%

-3.3%

Average Median Price for Last 12 Months ........

N/A

$858,846

-5.7%

Average Median Price for Last 3 Months ..........

N/A

$901,667

-10.2%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E M E D I A N

$2.226

S A L E S

$2.346

JAN

FEB

MAR

APR

MAY

124 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$858,846

PROPERTIES FOR SALE

132

DAYS ON MARKET**

62

SHADOW INVENTORY

43

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 125

Eagle Rock DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$352,000

$490,000

39.2%

Average Price per Square Foot ...........................

$309

$382

23.6%

Properties Sold .......................................................

9

5

-44.4%

Properties Pending Sale .......................................

11

15

36.4%

Properties For Sale ................................................

71

34

-52.1%

Days on Market (Pending Sale) ...........................

60

32

-46.7%

Month’s Supply of Inventory ................................

6.5

2.3

-64.9%

Percent Under Contract ........................................

15.5%

44.1%

184.8%

Average Median Price for Last 12 Months ........

N/A

$421,077

16.4%

Average Median Price for Last 3 Months ..........

N/A

$465,667

5.2%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

$352

P R I C E

$490

JAN

FEB

MAR

APR

MAY

126 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$421,077

PROPERTIES FOR SALE

34

DAYS ON MARKET**

71

SHADOW INVENTORY

60

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 127

Glendale DATA *

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$525,000

$575,000

9.5%

Average Price per Square Foot ...........................

$311

$316

1.6%

Properties Sold .......................................................

31

50

61.3%

Properties Pending Sale .......................................

42

62

47.6%

Properties For Sale ................................................

282

142

-49.6%

Days on Market (Pending Sale) ...........................

85

70

-17.6%

Month’s Supply of Inventory ................................

6.7

2.3

-65.9%

Percent Under Contract ........................................

14.9%

43.7%

193.2%

Average Median Price for Last 12 Months ........

n/a

$565,923

1.6%

Average Median Price for Last 3 Months ..........

n/a

$558,333

3.0%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

$525

P R I C E

$575

JAN

FEB

MAR

APR

MAY

128 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$565,923

PROPERTIES FOR SALE

142

DAYS ON MARKET**

77

SHADOW INVENTORY

350

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 129

La Canada Flintridge DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$1,050,000

$1,075,000

2.4%

Average Price per Square Foot ...........................

$452

$419

-7.3%

Properties Sold .......................................................

11

10

-9.1%

Properties Pending Sale .......................................

11

11

0.0%

Properties For Sale ................................................

95

53

-44.2%

Days on Market (Pending Sale) ...........................

86

79

-8.1%

Month’s Supply of Inventory ................................

8.6

4.8

-44.2%

Percent Under Contract ........................................

11.6%

20.8%

79.2%

Average Median Price for Last 12 Months ........

N/A

$1,074,917

0.0%

Average Median Price for Last 3 Months ..........

N/A

$1,002,667

7.2%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

P R I C E

$1.075

$1.050

JAN

FEB

MAR

APR

MAY

130 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$1,074,917

PROPERTIES FOR SALE

53

DAYS ON MARKET**

82

SHADOW INVENTORY

48

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 131

La Crescenta DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$569,000

$412,000

-27.6%

Average Price per Square Foot ...........................

$328

$337

2.7%

Properties Sold .......................................................

16

10

-37.5%

Properties Pending Sale .......................................

16

19

18.8%

Properties For Sale ................................................

105

57

-45.7%

Days on Market (Pending Sale) ...........................

98

63

-35.7%

Month’s Supply of Inventory ................................

6.6

3.0

-54.3%

Percent Under Contract ........................................

15.2%

33.3%

118.8%

Average Median Price for Last 12 Months ........

N/A

$530,615

-22.4%

Average Median Price for Last 3 Months ..........

N/A

$497,333

-17.2%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E M E D I A N

$412

S A L E S

$569

JAN

FEB

MAR

APR

MAY

132 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$530,615

PROPERTIES FOR SALE

57

DAYS ON MARKET**

89

SHADOW INVENTORY

129

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 133

San Gabriel DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$552,000

$482,000

-12.7%

Average Price per Square Foot ...........................

$313

$343

9.6%

Properties Sold .......................................................

20

13

-35.0%

Properties Pending Sale .......................................

18

16

-11.1%

Properties For Sale ................................................

111

83

-25.2%

Days on Market (Pending Sale) ...........................

59

40

-32.2%

Month’s Supply of Inventory ................................

8.5

7.8

-8.2%

Percent Under Contract ........................................

8.7%

8.0%

-8.0%

Average Median Price for Last 12 Months ........

N/A

$544,846

-11.5%

Average Median Price for Last 3 Months ..........

N/A

$496,333

-2.9%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

$482

P R I C E

$552

JAN

FEB

MAR

APR

MAY

134 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$544,846

PROPERTIES FOR SALE

83

DAYS ON MARKET**

64

SHADOW INVENTORY

59

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 135

Pasadena DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$517,000

$518,000

0.2%

Average Price per Square Foot ...........................

$365

$362

-0.8%

Properties Sold .......................................................

74

46

-37.8%

Properties Pending Sale .......................................

65

74

13.8%

Properties For Sale ................................................

371

255

-31.3%

Days on Market (Pending Sale) ...........................

89

75

-15.7%

Month’s Supply of Inventory ................................

5.7

3.4

-39.6%

Percent Under Contract ........................................

17.5%

29.0%

65.6%

Average Median Price for Last 12 Months ........

N/A

$577,538

-10.3%

Average Median Price for Last 3 Months ..........

N/A

$542,000

-4.4%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

P R I C E

$518

$517

JAN

FEB

MAR

APR

MAY

136 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$577,538

PROPERTIES FOR SALE

255

DAYS ON MARKET**

80

SHADOW INVENTORY

311

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 137

South Pasadena DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$875,000

$876,000

0.1%

Average Price per Square Foot ...........................

$485

$492

1.4%

Properties Sold .......................................................

8

8

0.0%

Properties Pending Sale .......................................

6

11

83.3%

Properties For Sale ................................................

37

24

-35.1%

Days on Market (Pending Sale) ...........................

17

65

282.4%

Month’s Supply of Inventory ................................

6.2

2.2

-64.6%

Percent Under Contract ........................................

16.2%

45.8%

182.6%

Average Median Price for Last 12 Months ........

N/A

$875,615

0.0%

Average Median Price for Last 3 Months ..........

N/A

$894,333

-2.0%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

P R I C E

$876

$875

JAN

FEB

MAR

APR

MAY

138 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$875,615

PROPERTIES FOR SALE

24

DAYS ON MARKET**

54

SHADOW INVENTORY

18

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 139

Valencia DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$406,000

$380,000

-6.4%

Average Price per Square Foot ...........................

$455

$402

-11.6%

Properties Sold .......................................................

36

47

30.6%

Properties Pending Sale .......................................

47

84

78.7%

Properties For Sale ................................................

296

176

-40.5%

Days on Market (Pending Sale) ...........................

113

135

19.5%

Month’s Supply of Inventory ................................

6.3

2.1

-66.7%

Percent Under Contract ........................................

15.9%

47.7%

200.6%

Average Median Price for Last 12 Months ........

N/A

$398,846

-4.7%

Average Median Price for Last 3 Months ..........

N/A

$374,667

1.4%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

$380

P R I C E

$406

JAN

FEB

MAR

APR

MAY

140 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$398,846

PROPERTIES FOR SALE

176

DAYS ON MARKET**

88

SHADOW INVENTORY

111

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 141

los angeles

oran cou

South Bay Macro Market ................................... 146

North Redondo Beach ....................................... 150

Rancho Palos Verdes ........

Manhattan Beach .............................................. 148

Palos Verdes Estates ......................................... 152

Rolling Hills .......................

144 | Micro Market Report : January 2012

nge unty

san gabriel south bay

.................................. 154

Rolling Hills Estates .......................................... 158

South Redondo Beach ....................................... 162

.................................. 156

San Pedro ........................................................... 160

Torrance ............................................................. 164

January 2012 : Micro Market Report | 145

South Bay Macro Market DATA *

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$1,086,175

$1,424,750

31.2%

Average Price per Square Foot ...........................

$386

$431

11.7%

Properties Sold .......................................................

117

101

-13.7%

Properties Pending Sale .......................................

126

151

19.8%

Properties For Sale ................................................

915

660

-27.9%

Days on Market (Pending Sale) ...........................

66

84

28.0%

Month’s Supply of Inventory ................................

7.3

4.4

-39.8%

Percent Under Contract ........................................

13.8%

22.9%

66.1%

Average Median Price for Last 12 Months ........

N/A

$1,012,025

40.8%

Average Median Price for Last 3 Months ..........

N/A

$1,176,696

21.1%

$1.425

M E D I A N

S A L E S

$1.086

P R I C E

yearly trend

JAN

FEB

MAR

APR

MAY

146 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in South Bay Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

Manhattan Beach DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$1,664,000

$1,450,000

-12.9%

Average Price per Square Foot ...........................

$648

$788

21.6%

Properties Sold .......................................................

18

13

-27.8%

Properties Pending Sale .......................................

13

25

92.3%

Properties For Sale ................................................

128

100

-21.9%

Days on Market (Pending Sale) ...........................

70

45

-35.7%

Month’s Supply of Inventory ................................

9.8

4.0

-59.4%

Percent Under Contract ........................................

10.2%

25.0%

146.2%

Average Median Price for Last 12 Months ........

N/A

$1,477,519

-1.9%

Average Median Price for Last 3 Months ..........

N/A

$1,439,667

0.7%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

$1.450

P R I C E

$1.664

JAN

FEB

MAR

APR

MAY

148 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$1,477,519

PROPERTIES FOR SALE

100

DAYS ON MARKET**

81

SHADOW INVENTORY

29

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 149

North Redondo Beach DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$655,000

$540,000

-17.6%

Average Price per Square Foot ...........................

$360

$350

-2.8%

Properties Sold .......................................................

10

7

-30.0%

Properties Pending Sale .......................................

11

14

27.3%

Properties For Sale ................................................

60

50

-16.7%

Days on Market (Pending Sale) ...........................

106

71

-33.0%

Month’s Supply of Inventory ................................

5.5

3.6

-34.5%

Percent Under Contract ........................................

18.3%

28.0%

52.7%

Average Median Price for Last 12 Months ........

N/A

$603,170

-10.5%

Average Median Price for Last 3 Months ..........

N/A

$576,667

-6.4%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

$540

P R I C E

$655

JAN

FEB

MAR

APR

MAY

150 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$603,170

PROPERTIES FOR SALE

50

DAYS ON MARKET**

76

SHADOW INVENTORY

83

(Redondo Beach)

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 151

Palos Verdes Estates DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$1,610,000

$1,755,000

9.0%

Average Price per Square Foot ...........................

$512

$550

7.4%

Properties Sold .......................................................

12

15

25.0%

Properties Pending Sale .......................................

20

8

-60.0%

Properties For Sale ................................................

99

64

-35.4%

Days on Market (Pending Sale) ...........................

118

148

25.4%

Month’s Supply of Inventory ................................

5.0

8.0

61.6%

Percent Under Contract ........................................

20.2%

12.5%

-38.1%

Average Median Price for Last 12 Months ........

N/A

$1,427,682

22.9%

Average Median Price for Last 3 Months ..........

N/A

$1,380,000

27.2%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E M E D I A N

$2.226

S A L E S

$2.346

JAN

FEB

MAR

APR

MAY

152 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$1,427,682

PROPERTIES FOR SALE

64

DAYS ON MARKET**

64

SHADOW INVENTORY

29

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 153

Rancho Palos Verdes DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$795,000

$850,000

6.9%

Average Price per Square Foot ...........................

$393

$421

7.1%

Properties Sold .......................................................

19

13

-31.6%

Properties Pending Sale .......................................

17

28

64.7%

Properties For Sale ................................................

154

139

-9.7%

Days on Market (Pending Sale) ...........................

98

69

-29.6%

Month’s Supply of Inventory ................................

9.1

5.0

-45.2%

Percent Under Contract ........................................

11.0%

20.1%

82.5%

Average Median Price for Last 12 Months ........

N/A

$925,965

-8.2%

Average Median Price for Last 3 Months ..........

N/A

$887,333

-4.2%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

P R I C E

$850

$795

JAN

FEB

MAR

APR

MAY

154 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$925,965

PROPERTIES FOR SALE

139

DAYS ON MARKET**

101

SHADOW INVENTORY

70

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 155

Rolling Hil s DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$3,050,000

$7,000,000

129.5%

Average Price per Square Foot ...........................

$467

$700

49.9%

Properties Sold .......................................................

1

1

0.0%

Properties Pending Sale .......................................

0

1

#DIV/0!

Properties For Sale ................................................

15

13

-13.3%

Days on Market (Pending Sale) ...........................

0

179

#DIV/0!

Month’s Supply of Inventory ................................

N/A

13.0

#DIV/0!

Percent Under Contract ........................................

0.0%

7.7%

#DIV/0!

Average Median Price for Last 12 Months ........

N/A

$3,254,000

115.1%

Average Median Price for Last 3 Months ..........

N/A

$4,388,333

59.5%

S A L E S

$7.000

P R I C E

yearly trend

M E D I A N

$3.050

JAN

FEB

MAR

APR

MAY

156 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

telesintelligence.com

the numbers median sales price**

$3,254,000

PROPERTIES FOR SALE

13

DAYS ON MARKET**

187

SHADOW INVENTORY

18

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 157

Rolling Hil s Estates DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$931,750

$1,090,000

17.0%

Average Price per Square Foot ...........................

$472

$365

-22.7%

Properties Sold .......................................................

2

2

0.0%

Properties Pending Sale .......................................

1

7

600.0%

Properties For Sale ................................................

26

34

30.8%

Days on Market (Pending Sale) ...........................

43

111

158.1%

Month’s Supply of Inventory ................................

26.0

4.9

-81.3%

Percent Under Contract ........................................

3.8%

20.6%

435.3%

Average Median Price for Last 12 Months ........

N/A

$1,195,712

-8.8%

Average Median Price for Last 3 Months ..........

N/A

$1,347,500

-19.1%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E S A L E S

$1.090

M E D I A N

$932

JAN

FEB

MAR

APR

MAY

158 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$1,195,712

PROPERTIES FOR SALE

34

DAYS ON MARKET**

88

SHADOW INVENTORY

11

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 159

San Pedro DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$425,000

$327,500

-22.9%

Average Price per Square Foot ...........................

$303

$281

-7.3%

Properties Sold .......................................................

19

14

-26.3%

Properties Pending Sale .......................................

21

24

14.3%

Properties For Sale ................................................

175

100

-42.9%

Days on Market (Pending Sale) ...........................

112

102

-8.9%

Month’s Supply of Inventory ................................

8.3

4.2

-50.0%

Percent Under Contract ........................................

12.0%

24.0%

100.0%

Average Median Price for Last 12 Months ........

N/A

$428,565

-23.6%

Average Median Price for Last 3 Months ..........

N/A

$415,833

-21.2%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

P R I C E M E D I A N

$328

S A L E S

$425

JAN

FEB

MAR

APR

MAY

160 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$428,565

PROPERTIES FOR SALE

100

DAYS ON MARKET**

95

SHADOW INVENTORY

146

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 161

South Redondo Beach DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$1,213,750

$712,500

-41.3%

Average Price per Square Foot ...........................

$355

$521

46.8%

Properties Sold .......................................................

4

4

0.0%

Properties Pending Sale .......................................

7

7

0.0%

Properties For Sale ................................................

50

27

-46.0%

Days on Market (Pending Sale) ...........................

26

56

115.4%

Month’s Supply of Inventory ................................

7.1

3.9

-46.0%

Percent Under Contract ........................................

14.0%

25.9%

85.2%

Average Median Price for Last 12 Months ........

N/A

$848,260

-16.0%

Average Median Price for Last 3 Months ..........

N/A

$810,792

-12.1%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

$713

S A L E S

P R I C E

$1.214

JAN

FEB

MAR

APR

MAY

162 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$848,260

PROPERTIES FOR SALE

27

DAYS ON MARKET**

67

SHADOW INVENTORY

83

(Redondo Beach)

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 163

Torrance DATA

JAN 2011

JAN 2012

% CHANGE

Median Price ..........................................................

$517,250

$522,500

1.0%

Average Price per Square Foot ...........................

$347

$332

-4.3%

Properties Sold .......................................................

32

32

0.0%

Properties Pending Sale .......................................

36

37

2.8%

Properties For Sale ................................................

208

133

-36.1%

Days on Market (Pending Sale) ...........................

83

59

-28.9%

Month’s Supply of Inventory ................................

5.8

3.6

-37.8%

Percent Under Contract ........................................

17.3%

27.8%

60.7%

Average Median Price for Last 12 Months ........

N/A

$531,077

-1.6%

Average Median Price for Last 3 Months ..........

N/A

$520,833

0.3%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

P R I C E

$523

$517

JAN

FEB

MAR

APR

MAY

164 | Micro Market Report : January 2012

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

(in hundred thousands)

yearly trend

telesintelligence.com

the numbers median sales price**

$531,077

PROPERTIES FOR SALE

133

DAYS ON MARKET**

70

SHADOW INVENTORY

284

**12 month average

active listings

s h ado w inventory

Teles intelligence where data meets reason

January 2012 : Micro Market Report | 165

Endnotes Steve Shull Chief Strategist, Teles Intelligence

Below is a brief overview of several of our local micro markets. In the following months you will see additional analysis on many of the micro markets covered in this report.

Beverly Hills:: The most significant trend taking place in the Beverly Hills market is the decline in Active Listings. Over the past 2 years we have seen as many as 187 active listings. Last month there were only 119 properties on the market for sale. We will keep a close watch to see what impact this trend has on market prices.

Beverly Center::Â The data speaks for itself. Both on a year over year and on a trend basis, we are seeing the lowest available inventory, high number of pending transactions, and lowest Days on Market (DOM). Additionally, we see a 37% increase in median sales price compared to January 2011, and the 12 month average and 3 month rolling average median price show stability to further signal a sellers market. If you are considering a sale, this would be good time to have a strategic conversation with your real estate professional.

Brentwood:: Prices continue to be very steady in this market with no real changes over the past 2 years. The number of homes listed for sale has been declining steadily over the past 12 to 18 months. This is a trend we are seeing in many local micro markets.

168 | Micro Market Report : January 2012

Santa Monica:: This is another market where we continue to see a steady decline in properties listed for sale. Over the past 2 years we have seen as many as 187 active listings in this area to last month where there were only 104 properties for sale. We are also seeing a very slight, but steady increase in prices due to the declining inventory.

Westchester:: This is another market where activity remain very steady in the face of declining inventory. We are also starting to see more reports of multiple offers on properties listed for sale in this market.

Corona Del Mar:: Like many of our local Southern California markets, we see a steady decline in inventory and prices increasing very slightly. This could be another market that is shifting more in favor of sellers over time.Â

Irvine:: This is another market that could be moving more in favor of sellers in 2012. However prices remain very steady in the face of declining inventory. Distress properties are a big factor in this market. In January there were 316 properties listed for sale and another 200+ properties that are in some form of financial distress that are currently not on the market for sale yet headed towards foreclosure or short sale.

Newport Beach:: This market reflects increasing sales activity, steady prices, declining inventory and over 150 properties in some form of financial distress.

January 2012 : Micro Market Report | 169

Glossary of Terms

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

Shadow Inventory:

that closed and transferred ownership.

Properties in Pre-Foreclosure, Bank Owned or Auction

Properties Pending Sale:

The number of properties that entered escrow in preparation for sale.

Properties For Sale:

The number of properties on the market and seeking buyers.

170 | Micro Market Report : January 2012

References

CONTACTS:

Laron Turley Director of Research, Teles Intelligence laron.turley@telesproperties.com Steve Shull Chief Strategist, Teles Intelligence steve.shull@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

January 2012 : Micro Market Report | 171

Teles intelligence january 2012 | LOS ANGELES | ORANGE COUNTY | SAN GABRIEL | SOUTH BAY Š2012 Teles Properties, Inc. Teles Properties is a registered trademark.