Teles intelligence
micro market report los angeles JANUARY 2013 | SINGLE FAMILY HOMES REPORT
Navigating Solutions. At Riviera Financial, the business of real estate finance is about much more than loans. It is about offering diverse and competitive products; advising borrowers to make informed choices to support and protect their security; providing extraordinarily thorough customer care; and navigating solutions. Our customers expect and deserve the highest level of service and performance in all of their borrowing activities. When it comes to dedicated, comprehensive real estate finance, Riviera Financial delivers.
Get the full lending experience at rivierafinancial.com or contact a loan professional by calling 424.203.1850
r i v i e r a f i n a n c i a l . c o m 4 Locations to Serve You | Beverly Hills, Brentwood, Newport Beach & Pasadena Riviera Financial dba Mortgage Capital Partners, Inc. NMLS#239902 California Real Estate #00931610
Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
Median Price:
Days of market (Pending Sale):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
Month’s Supply of Inventory:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
Average Price per Square Foot:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
Percent Under Contract:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
Properties Sold:
The number of property transactions
Average Median Price for Last 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
Properties Pending Sale:
ending in the identified month
The number of properties that entered escrow in preparation for sale.
Shadow Inventory:
Properties in Pre-Foreclosure, Bank Properties For Sale:
Owned or Auction as identified by
The number of properties on the
ForeclosureRadar.com
market and seeking buyers.
los angeles
orange
san gab
Los Angeles Macro Market
Brentwood
Los Feliz
Bel Air - Holmby Hills
Cheviot Hills - Rancho Park
Malibu
Beverly Center - Miracle Mile
Culver City
Malibu Beach
Beverly Hills
Hancock Park - Wilshire
Marina del Rey
Beverly Hills P.O.
Hollywood
Mid Los Angeles
Beverlywood
Hollywood Hills East
Mid Wilshire
Micro Market Report : January 2013
telesintelligence.com
e county
san fernando
briel
south bay Pacific Palisades
Venice
Palms - Mar Vista
West Hollywood
Playa del Rey
West Los Angeles
Playa Vista
Westchester
Santa Monica
Westwood - Century City
Sunset Strip - Hollywood Hills West
January 2013 : Micro Market Report
Los Angeles Macro Market DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$1,397,011
$1,431,689
2.5%
Average Price per Square Foot ...........................
$526
$603
14.5%
Properties Sold .......................................................
216
220
1.9%
Properties Pending Sale .......................................
261
328
25.7%
Properties For Sale ................................................
2649
1638
-38.2%
Days on Market (Pending Sale) ...........................
73
56
-23.5%
Month’s Supply of Inventory ................................
12.3
7.4
-39.3%
Percent Under Contract ........................................
9.9%
20.0%
103.2%
Average Median Price for Last 12 Months ........
$1,294,179
$1,401,467
7.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$1.432
$1.397
P R I C E
yearly trend
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
Bel Air - Holmby Hills DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$2,425,000
$1,437,500
-40.7%
Average Price per Square Foot ...........................
$764
$943
23.4%
Properties Sold .......................................................
5
18
260.0%
Properties Pending Sale .......................................
13
14
7.7%
Properties For Sale ................................................
148
122
-17.6%
Days on Market (Pending Sale) ...........................
99
168
69.7%
Month’s Supply of Inventory ................................
29.6
6.8
-77.1%
Percent Under Contract ........................................
8.8%
11.5%
30.6%
Average Median Price for Last 12 Months ........
$1,633,000
$1,920,523
15.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.438
S A L E S
$2.425
(in hundred thousands)
P R I C E
yearly trend
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$1,920,523 PROPERTIES FOR SALE
122 DAYS ON MARKET**
103 shadow inventory
20 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Beverly Center - Miracle Mile DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$990,000
$1,242,000
25.5%
Average Price per Square Foot ...........................
$393
$553
40.7%
Properties Sold .......................................................
7
11
57.1%
Properties Pending Sale .......................................
8
11
37.5%
Properties For Sale ................................................
76
49
-35.5%
Days on Market (Pending Sale) ...........................
23
35
52.2%
Month’s Supply of Inventory ................................
10.9
4.5
-59.0%
Percent Under Contract ........................................
10.5%
22.4%
113.3%
Average Median Price for Last 12 Months ........
$932,000
$943,721
1.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.242
M E D I A N
S A L E S
(in hundred thousands)
$990
P R I C E
yearly trend
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$943,721 PROPERTIES FOR SALE
49 DAYS ON MARKET**
52 shadow inventory
9
(90048 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Beverly Hills DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$4,600,000
$6,200,000
34.8%
Average Price per Square Foot ...........................
$816
$1,047
28.3%
Properties Sold .......................................................
3
5
66.7%
Properties Pending Sale .......................................
6
7
16.7%
Properties For Sale ................................................
135
95
-29.6%
Days on Market (Pending Sale) ...........................
89
97
9.0%
Month’s Supply of Inventory ................................
45.0
19.0
-57.8%
Percent Under Contract ........................................
4.4%
7.4%
65.8%
Average Median Price for Last 12 Months ........
$2,784,000
$4,404,156
36.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$6.200
P R I C E
yearly trend
M E D I A N
$4.600
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$4,404,156 PROPERTIES FOR SALE
95 DAYS ON MARKET**
95 shadow inventory
48 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Beverly Hills P.O. DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$2,700,000
$1,744,105
-35.4%
Average Price per Square Foot ...........................
$529
$539
1.9%
Properties Sold .......................................................
9
8
-11.1%
Properties Pending Sale .......................................
4
10
150.0%
Properties For Sale ................................................
163
94
-42.3%
Days on Market (Pending Sale) ...........................
88
96
9.1%
Month’s Supply of Inventory ................................
18.1
11.8
-35.1%
Percent Under Contract ........................................
2.5%
10.6%
333.5%
Average Median Price for Last 12 Months ........
$2,024,000
$1,975,931
-2.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.744
S A L E S
$2.700
(in hundred thousands)
P R I C E
yearly trend
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$1,975,931 PROPERTIES FOR SALE
94 DAYS ON MARKET**
95 shadow inventory
43
(90210 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Beverlywood DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$664,500
$796,500
19.9%
Average Price per Square Foot ...........................
$386
$455
17.9%
Properties Sold .......................................................
11
8
-27.3%
Properties Pending Sale .......................................
12
11
-8.3%
Properties For Sale ................................................
70
37
-47.1%
Days on Market (Pending Sale) ...........................
74
37
-50.0%
Month’s Supply of Inventory ................................
6.4
4.6
-27.3%
Percent Under Contract ........................................
17.1%
29.7%
73.4%
Average Median Price for Last 12 Months ........
$760,000
$784,846
3.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$665
(in hundred thousands)
$797
P R I C E
yearly trend
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$784,846 PROPERTIES FOR SALE
37 DAYS ON MARKET**
54 shadow inventory
20
(90035 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Brentwood DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$1,900,000
$2,240,500
17.9%
Average Price per Square Foot ...........................
$686
$755
10.1%
Properties Sold .......................................................
8
8
0.0%
Properties Pending Sale .......................................
18
23
27.8%
Properties For Sale ................................................
150
93
-38.0%
Days on Market (Pending Sale) ...........................
87
42
-51.7%
Month’s Supply of Inventory ................................
18.8
11.6
-38.0%
Percent Under Contract ........................................
12.0%
24.7%
106.1%
Average Median Price for Last 12 Months ........
$1,854,000
$1,866,889
0.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
(in hundred thousands)
$2.241
P R I C E
yearly trend
M E D I A N
S A L E S
$1.900
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$1,866,889 PROPERTIES FOR SALE
93 DAYS ON MARKET**
76 shadow inventory
24
(90049 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Cheviot Hills - Rancho Park DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$790,000
$1,300,000
64.6%
Average Price per Square Foot ...........................
$501
$686
36.9%
Properties Sold .......................................................
3
3
0.0%
Properties Pending Sale .......................................
3
6
100.0%
Properties For Sale ................................................
30
16
-46.7%
Days on Market (Pending Sale) ...........................
34
12
-64.7%
Month’s Supply of Inventory ................................
10.0
5.3
-46.7%
Percent Under Contract ........................................
10.0%
37.5%
275.0%
Average Median Price for Last 12 Months ........
$1,225,000
$1,302,673
6.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$790
S A L E S
$1.300
(in hundred thousands)
P R I C E
yearly trend
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$1,302,673 PROPERTIES FOR SALE
16 DAYS ON MARKET**
51 shadow inventory
20
(90064 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Culver City DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$595,000
$715,000
20.2%
Average Price per Square Foot ...........................
$385
$482
25.2%
Properties Sold .......................................................
12
9
-25.0%
Properties Pending Sale .......................................
11
14
27.3%
Properties For Sale ................................................
51
30
-41.2%
Days on Market (Pending Sale) ...........................
47
46
-2.1%
Month’s Supply of Inventory ................................
4.3
3.3
-21.6%
Percent Under Contract ........................................
21.6%
46.7%
116.4%
Average Median Price for Last 12 Months ........
$641,000
$648,654
1.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$715
M E D I A N
S A L E S
(in hundred thousands)
$595
P R I C E
yearly trend
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$648,654 PROPERTIES FOR SALE
30 DAYS ON MARKET**
52 shadow inventory
21 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Hancock Park - Wilshire DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$600,000
$1,035,000
72.5%
Average Price per Square Foot ...........................
$410
$493
20.2%
Properties Sold .......................................................
15
7
-53.3%
Properties Pending Sale .......................................
20
22
10.0%
Properties For Sale ................................................
143
68
-52.4%
Days on Market (Pending Sale) ...........................
74
77
4.1%
Month’s Supply of Inventory ................................
9.5
9.7
1.9%
Percent Under Contract ........................................
14.0%
32.4%
131.3%
Average Median Price for Last 12 Months ........
$1,014,000
$987,223
-2.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
JAN
M E D I A N
$600
S A L E S
$1.035
(in hundred thousands)
P R I C E
yearly trend
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$987,223 PROPERTIES FOR SALE
68 DAYS ON MARKET**
73 shadow inventory
26
(90004, 90020 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Hollywood DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$469,000
$527,498
12.5%
Average Price per Square Foot ...........................
$243
$344
41.6%
Properties Sold .......................................................
3
2
-33.3%
Properties Pending Sale .......................................
1
2
100.0%
Properties For Sale ................................................
31
13
-58.1%
Days on Market (Pending Sale) ...........................
130
18
-86.2%
Month’s Supply of Inventory ................................
10.3
6.5
-37.1%
Percent Under Contract ........................................
3.2%
15.4%
376.9%
Average Median Price for Last 12 Months ........
$432,000
$604,692
28.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
JAN
M E D I A N
S A L E S
$527
$469
(in hundred thousands)
P R I C E
yearly trend
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$604,692 PROPERTIES FOR SALE
13 DAYS ON MARKET**
47 shadow inventory
66
(90028, 90038, 90068 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Hollywood Hills East DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$867,000
$889,000
2.5%
Average Price per Square Foot ...........................
$456
$352
-22.8%
Properties Sold .......................................................
7
5
-28.6%
Properties Pending Sale .......................................
9
12
33.3%
Properties For Sale ................................................
68
48
-29.4%
Days on Market (Pending Sale) ...........................
50
62
24.0%
Month’s Supply of Inventory ................................
7.6
9.6
27.1%
Percent Under Contract ........................................
13.2%
25.0%
88.9%
Average Median Price for Last 12 Months ........
$855,000
$944,269
9.5%
*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
$889
$867
(in hundred thousands)
P R I C E
yearly trend
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$944,269 PROPERTIES FOR SALE
48 DAYS ON MARKET**
63 shadow inventory
8
(90029 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Los Feliz DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$1,075,725
$995,750
-7.4%
Average Price per Square Foot ...........................
$520
$476
-8.5%
Properties Sold .......................................................
8
14
75.0%
Properties Pending Sale .......................................
13
16
23.1%
Properties For Sale ................................................
104
68
-34.6%
Days on Market (Pending Sale) ...........................
76
73
-3.9%
Month’s Supply of Inventory ................................
8.0
4.9
-39.3%
Percent Under Contract ........................................
12.5%
23.5%
88.2%
Average Median Price for Last 12 Months ........
$913,000
$974,902
6.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.076
M E D I A N
S A L E S
(in hundred thousands)
$996
P R I C E
yearly trend
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$974,902 PROPERTIES FOR SALE
68 DAYS ON MARKET**
58 shadow inventory
27
(90027 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Malibu DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$1,300,000
$1,700,000
30.8%
Average Price per Square Foot ...........................
$593
$624
5.2%
Properties Sold .......................................................
6
8
33.3%
Properties Pending Sale .......................................
11
21
90.9%
Properties For Sale ................................................
239
160
-33.1%
Days on Market (Pending Sale) ...........................
148
122
-17.6%
Month’s Supply of Inventory ................................
39.8
20.0
-49.8%
Percent Under Contract ........................................
4.6%
13.1%
185.2%
Average Median Price for Last 12 Months ........
$2,125,000
$1,723,808
-23.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$1.700
P R I C E
yearly trend
M E D I A N
$1.300
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$1,723,808 PROPERTIES FOR SALE
160 DAYS ON MARKET**
144 shadow inventory
55 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Malibu Beach DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$5,500,000
$3,175,000
-42.3%
Average Price per Square Foot ...........................
$0
$1,610
N/A
Properties Sold .......................................................
1
2
100.0%
Properties Pending Sale .......................................
1
2
100.0%
Properties For Sale ................................................
102
70
-31.4%
Days on Market (Pending Sale) ...........................
201
25
-87.6%
Month’s Supply of Inventory ................................
102.0
35.0
-65.7%
Percent Under Contract ........................................
1.0%
2.9%
191.4%
Average Median Price for Last 12 Months ........
$5,367,000
$5,302,044
-1.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
$3.175
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
M E D I A N
$5.500
JAN
(in hundred thousands)
P R I C E
yearly trend
telesintelligence.com
the numbers median sales price**
$5,302,044 PROPERTIES FOR SALE
70 DAYS ON MARKET**
206 shadow inventory
8 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Marina del Rey DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$1,472,500
$1,735,000
17.8%
Average Price per Square Foot ...........................
$406
$515
26.8%
Properties Sold .......................................................
4
3
-25.0%
Properties Pending Sale .......................................
1
4
300.0%
Properties For Sale ................................................
27
21
-22.2%
Days on Market (Pending Sale) ...........................
33
52
57.6%
Month’s Supply of Inventory ................................
6.8
7.0
3.7%
Percent Under Contract ........................................
3.7%
19.0%
414.3%
Average Median Price for Last 12 Months ........
$1,291,000
$1,306,108
1.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.473
(in hundred thousands)
$1.735
P R I C E
yearly trend
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$1,205,638 PROPERTIES FOR SALE
21 DAYS ON MARKET**
75 shadow inventory
6 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Mid Los Angeles DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$405,500
$357,500
-11.8%
Average Price per Square Foot ...........................
$219
$236
7.8%
Properties Sold .......................................................
10
12
20.0%
Properties Pending Sale .......................................
10
22
120.0%
Properties For Sale ................................................
102
55
-46.1%
Days on Market (Pending Sale) ...........................
112
46
-58.9%
Month’s Supply of Inventory ................................
10.2
4.6
-55.1%
Percent Under Contract ........................................
9.8%
40.0%
308.0%
Average Median Price for Last 12 Months ........
$299,000
$316,058
5.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$358
(in hundred thousands)
$406
P R I C E
yearly trend
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$316,058 PROPERTIES FOR SALE
55 DAYS ON MARKET**
61 shadow inventory
64
(90019 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Mid Wilshire DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$0
$443,000
N/A
Average Price per Square Foot ...........................
$0
$399
N/A
Properties Sold .......................................................
0
2
N/A
Properties Pending Sale .......................................
1
1
0.0%
Properties For Sale ................................................
22
8
-63.6%
Days on Market (Pending Sale) ...........................
4
122
2950.0%
Month’s Supply of Inventory ................................
#DIV/0!
4.0
N/A
Percent Under Contract ........................................
4.5%
12.5%
175.0%
Average Median Price for Last 12 Months ........
$439,000
$413,663
-6.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$443
P R I C E
yearly trend
$0 JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$381,842 PROPERTIES FOR SALE
8 DAYS ON MARKET**
34 shadow inventory
15
(90036 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Pacific Palisades DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$1,700,000
$1,668,000
-1.9%
Average Price per Square Foot ...........................
$744
$677
-9.0%
Properties Sold .......................................................
15
12
-20.0%
Properties Pending Sale .......................................
13
17
30.8%
Properties For Sale ................................................
146
89
-39.0%
Days on Market (Pending Sale) ...........................
49
56
14.3%
Month’s Supply of Inventory ................................
9.7
7.4
-23.8%
Percent Under Contract ........................................
8.9%
19.1%
114.5%
Average Median Price for Last 12 Months ........
$1,704,000
$1,989,923
14.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.668
S A L E S
$1.700
(in hundred thousands)
P R I C E
yearly trend
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$1,989,923 PROPERTIES FOR SALE
89 DAYS ON MARKET**
73 shadow inventory
25 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Palms - Mar Vista DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$720,000
$792,500
10.1%
Average Price per Square Foot ...........................
$398
$589
48.0%
Properties Sold .......................................................
17
21
23.5%
Properties Pending Sale .......................................
17
10
-41.2%
Properties For Sale ................................................
84
44
-47.6%
Days on Market (Pending Sale) ...........................
65
46
-29.2%
Month’s Supply of Inventory ................................
4.9
2.1
-57.6%
Percent Under Contract ........................................
20.2%
22.7%
12.3%
Average Median Price for Last 12 Months ........
$744,000
$765,269
2.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$793
M E D I A N
S A L E S
(in hundred thousands)
$720
P R I C E
yearly trend
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$765,269 PROPERTIES FOR SALE
44 DAYS ON MARKET**
50 shadow inventory
65
(90066, 90034 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Playa del Rey DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$760,000
$857,500
12.8%
Average Price per Square Foot ...........................
$356
$384
7.9%
Properties Sold .......................................................
3
4
33.3%
Properties Pending Sale .......................................
2
2
0.0%
Properties For Sale ................................................
21
11
-47.6%
Days on Market (Pending Sale) ...........................
14
46
228.6%
Month’s Supply of Inventory ................................
7.0
2.8
-60.7%
Percent Under Contract ........................................
9.5%
18.2%
90.9%
Average Median Price for Last 12 Months ........
$1,001,000
$962,827
-4.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$858
$760
(in hundred thousands)
P R I C E
yearly trend
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$962,827 PROPERTIES FOR SALE
11 DAYS ON MARKET**
69 shadow inventory
7 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Playa Vista DATA*
JAN 2012
JAN 2013
% 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 .......................................
1
1
0.0%
Properties For Sale ................................................
3
3
0.0%
Days on Market (Pending Sale) ...........................
119
12
-89.9%
Month’s Supply of Inventory ................................
N/A
N/A
N/A
Percent Under Contract ........................................
33.3%
33.3%
0.0%
Average Median Price for Last 12 Months ........
$923,000
$1,096,750
15.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$0 JAN
$0 FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
M E D I A N
S A L E S
(in hundred thousands)
P R I C E
yearly trend
telesintelligence.com
the numbers median sales price**
$590,558 PROPERTIES FOR SALE
3 DAYS ON MARKET**
68 shadow inventory
0 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Santa Monica DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$1,830,000
$2,283,750
24.8%
Average Price per Square Foot ...........................
$778
$736
-5.4%
Properties Sold .......................................................
11
12
9.1%
Properties Pending Sale .......................................
19
20
5.3%
Properties For Sale ................................................
107
68
-36.4%
Days on Market (Pending Sale) ...........................
48
41
-14.6%
Month’s Supply of Inventory ................................
9.7
5.7
-41.7%
Percent Under Contract ........................................
17.8%
29.4%
65.6%
Average Median Price for Last 12 Months ........
$1,564,000
$1,857,691
15.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$2.284
M E D I A N
S A L E S
(in hundred thousands)
$1.830
P R I C E
yearly trend
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$1,857,691 PROPERTIES FOR SALE
68 DAYS ON MARKET**
52 shadow inventory
28 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Sunset Strip - Hollywood Hills West DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$1,789,950
$1,879,000
5.0%
Average Price per Square Foot ...........................
$708
$710
0.3%
Properties Sold .......................................................
12
18
50.0%
Properties Pending Sale .......................................
21
33
57.1%
Properties For Sale ................................................
300
202
-32.7%
Days on Market (Pending Sale) ...........................
80
71
-11.3%
Month’s Supply of Inventory ................................
25.0
11.2
-55.1%
Percent Under Contract ........................................
7.0%
16.3%
133.4%
Average Median Price for Last 12 Months ........
$1,277,000
$1,392,958
8.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.879
M E D I A N
S A L E S
(in hundred thousands)
$1.790
P R I C E
yearly trend
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$1,392,958 PROPERTIES FOR SALE
202 DAYS ON MARKET**
76 shadow inventory
59
(90028, 90068 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Venice DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$729,098
$1,257,000
72.4%
Average Price per Square Foot ...........................
$743
$761
2.4%
Properties Sold .......................................................
8
13
62.5%
Properties Pending Sale .......................................
9
15
66.7%
Properties For Sale ................................................
100
46
-54.0%
Days on Market (Pending Sale) ...........................
75
70
-6.7%
Month’s Supply of Inventory ................................
12.5
3.5
-71.7%
Percent Under Contract ........................................
9.0%
32.6%
262.3%
Average Median Price for Last 12 Months ........
$969,000
$1,141,599
17.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$1.257
P R I C E
yearly trend
M E D I A N
$729
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$1,141,599 PROPERTIES FOR SALE
46 DAYS ON MARKET**
72 shadow inventory
21 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
West Hollywood DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$821,000
$682,500
-16.9%
Average Price per Square Foot ...........................
$680
$702
3.2%
Properties Sold .......................................................
8
2
-75.0%
Properties Pending Sale .......................................
8
8
0.0%
Properties For Sale ................................................
53
40
-24.5%
Days on Market (Pending Sale) ...........................
70
20
-71.4%
Month’s Supply of Inventory ................................
6.6
20.0
201.9%
Percent Under Contract ........................................
15.1%
20.0%
32.5%
Average Median Price for Last 12 Months ........
$935,000
$1,048,385
10.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$683
S A L E S
$821
(in hundred thousands)
P R I C E
yearly trend
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$1,048,385 PROPERTIES FOR SALE
40 DAYS ON MARKET**
63 shadow inventory
13 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
West Los Angeles DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$720,000
$737,500
2.4%
Average Price per Square Foot ...........................
$477
$485
1.7%
Properties Sold .......................................................
7
8
14.3%
Properties Pending Sale .......................................
4
7
75.0%
Properties For Sale ................................................
32
21
-34.4%
Days on Market (Pending Sale) ...........................
58
73
25.9%
Month’s Supply of Inventory ................................
4.6
2.6
-42.6%
Percent Under Contract ........................................
12.5%
33.3%
166.7%
Average Median Price for Last 12 Months ........
$600,000
$634,749
5.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$738
M E D I A N
S A L E S
(in hundred thousands)
$720
P R I C E
yearly trend
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$634,749 PROPERTIES FOR SALE
21 DAYS ON MARKET**
48 shadow inventory
8
(90025 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Westchester DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$647,500
$660,000
1.9%
Average Price per Square Foot ...........................
$370
$415
12.2%
Properties Sold .......................................................
9
11
22.2%
Properties Pending Sale .......................................
16
13
-18.8%
Properties For Sale ................................................
68
38
-44.1%
Days on Market (Pending Sale) ...........................
73
29
-60.3%
Month’s Supply of Inventory ................................
7.6
3.5
-54.3%
Percent Under Contract ........................................
23.5%
34.2%
45.4%
Average Median Price for Last 12 Months ........
$634,000
$632,463
-0.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$660
M E D I A N
S A L E S
(in hundred thousands)
$648
P R I C E
yearly trend
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$632,463 PROPERTIES FOR SALE
38 DAYS ON MARKET**
42 shadow inventory
43
(90045 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Westwood - Century City DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$1,278,500
$1,304,500
2.0%
Average Price per Square Foot ...........................
$597
$552
-7.5%
Properties Sold .......................................................
14
4
-71.4%
Properties Pending Sale .......................................
9
8
-11.1%
Properties For Sale ................................................
74
36
-51.4%
Days on Market (Pending Sale) ...........................
17
34
100.0%
Month’s Supply of Inventory ................................
5.3
9.0
70.3%
Percent Under Contract ........................................
12.2%
22.2%
82.7%
Average Median Price for Last 12 Months ........
$1,298,000
$1,298,310
0.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$1.305
$1.279
P R I C E
yearly trend
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$1,298,310 PROPERTIES FOR SALE
36 DAYS ON MARKET**
48 shadow inventory
4
(90024, 90067 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
EfďŹ cient Financial security, expert staffing, advanced technology and personalized service. Portfolio Escrow, Inc. is driven to be a leading force in the escrow industry.
> >
424.203.1841 p o r t f o l i o e s c r o w. c o m
Š 2011 Portfolio Escrow, Inc. All Rights Reserved
References
CONTACTS:
Zachariah Kahn Research & Data Designer, Teles Intelligence zach@telesintelligence.com Sharran Srivatsaa Chief Executive Officer, Teles Intelligence sharran.srivatsaa@telesproperties.com
location:
Teles Intelligence 11990 San Vicente Blvd, Suite 100 Los Angeles, Ca 90049
Phone:
424.203.1800 email:
info@telesintelligence.com
Teles intelligence JANUARY 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.