Teles intelligence
micro market report south bay JANUARY 2013 | SINGLE FAMILY HOMES REPORT
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on Market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
Median Price:
Days of market (Pending Sale):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
Month’s Supply of Inventory:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
Average Price per Square Foot:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
Percent Under Contract:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
Properties Sold:
The number of property transactions
Average Median Price for Last 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
Properties Pending Sale:
ending in the identified month
The number of properties that entered escrow in preparation for sale.
Shadow Inventory:
Properties in Pre-Foreclosure, Bank Properties For Sale:
Owned or Auction as identified by
The number of properties on the
ForeclosureRadar.com
market and seeking buyers.
los ang
south bay
san fern
South Bay Macro Market
Palos Verdes
Redondo Beach
Manhattan Beach
Rancho Palos Verdes
Rolling Hills
Micro Market Report : January 2013
telesintelligence.com
geles
orange county
nando
san gabriel Rolling Hills Estates
Torrance
San Pedro
January 2013 : Micro Market Report
South Bay Macro Market DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$1,528,862
$1,063,611
-30.4%
Average Price per Square Foot ...........................
$425
$457
7.5%
Properties Sold .......................................................
116
124
6.9%
Properties Pending Sale .......................................
130
194
49.2%
Properties For Sale ................................................
788
454
-42.4%
Days on Market (Pending Sale) ...........................
101
53
-47.4%
Month’s Supply of Inventory ................................
6.8
3.7
-46.1%
Percent Under Contract ........................................
16.5%
42.7%
159.0%
Average Median Price for Last 12 Months ........
$1,169,250
$1,225,156
4.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.064
S A L E S
$1.529
(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
Manhattan Beach DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$1,481,250
$1,493,000
0.8%
Average Price per Square Foot ...........................
$755
$994
31.7%
Properties Sold .......................................................
14
17
21.4%
Properties Pending Sale .......................................
21
23
9.5%
Properties For Sale ................................................
102
61
-40.2%
Days on Market (Pending Sale) ...........................
64
61
-4.7%
Month’s Supply of Inventory ................................
7.3
3.6
-50.7%
Percent Under Contract ........................................
20.6%
37.7%
83.1%
Average Median Price for Last 12 Months ........
$1,420,000
$1,520,538
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.493
M E D I A N
S A L E S
(in hundred thousands)
$1.481
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**
$1,520,538 PROPERTIES FOR SALE
61 DAYS ON MARKET**
64 shadow inventory
17 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Palos Verdes DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$1,755,000
$1,035,000
-41.0%
Average Price per Square Foot ...........................
$550
$569
3.5%
Properties Sold .......................................................
15
7
-53.3%
Properties Pending Sale .......................................
7
18
157.1%
Properties For Sale ................................................
67
42
-37.3%
Days on Market (Pending Sale) ...........................
178
105
-41.0%
Month’s Supply of Inventory ................................
4.5
6.0
34.3%
Percent Under Contract ........................................
10.4%
42.9%
310.2%
Average Median Price for Last 12 Months ........
$1,399,000
$1,462,387
4.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.035
S A L E S
$1.755
(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**
$1,462,387 PROPERTIES FOR SALE
42 DAYS ON MARKET**
94 shadow inventory
13 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Rancho Palos Verdes DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$850,000
$970,000
14.1%
Average Price per Square Foot ...........................
$427
$442
3.5%
Properties Sold .......................................................
15
33
120.0%
Properties Pending Sale .......................................
24
42
75.0%
Properties For Sale ................................................
152
92
-39.5%
Days on Market (Pending Sale) ...........................
68
92
35.3%
Month’s Supply of Inventory ................................
10.1
2.8
-72.5%
Percent Under Contract ........................................
15.8%
45.7%
189.1%
Average Median Price for Last 12 Months ........
$908,000
$948,692
4.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$970
M E D I A N
S A L E S
(in hundred thousands)
$850
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**
$948,962 PROPERTIES FOR SALE
92 DAYS ON MARKET**
84 shadow inventory
50 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Redondo Beach DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$768,512
$755,000
-1.8%
Average Price per Square Foot ...........................
$426
$426
0.0%
Properties Sold .......................................................
15
10
-33.3%
Properties Pending Sale .......................................
21
27
28.6%
Properties For Sale ................................................
104
65
-37.5%
Days on Market (Pending Sale) ...........................
86
38
-55.8%
Month’s Supply of Inventory ................................
6.9
6.5
-6.3%
Percent Under Contract ........................................
20.2%
41.5%
105.7%
Average Median Price for Last 12 Months ........
$710,000
$725,567
2.2%
*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.
$769
M E D I A N
S A L E S
(in hundred thousands)
$755
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**
$725,567 PROPERTIES FOR SALE
65 DAYS ON MARKET**
64 shadow inventory
49 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Rolling Hills DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$7,000,000
$2,900,000
-58.6%
Average Price per Square Foot ...........................
$700
$527
-24.7%
Properties Sold .......................................................
1
2
100.0%
Properties Pending Sale .......................................
1
0
-100.0%
Properties For Sale ................................................
18
16
-11.1%
Days on Market (Pending Sale) ...........................
195
0
-100.0%
Month’s Supply of Inventory ................................
18.0
8.0
-55.6%
Percent Under Contract ........................................
5.6%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$2,760,000
$3,004,500
8.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$2.900
S A L E S
$7.000
(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**
$3,004,500 PROPERTIES FOR SALE
16 DAYS ON MARKET**
85 shadow inventory
11 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Rolling Hills Estates DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$1,090,000
$1,298,000
19.1%
Average Price per Square Foot ...........................
$365
$500
37.0%
Properties Sold .......................................................
2
4
100.0%
Properties Pending Sale .......................................
6
5
-16.7%
Properties For Sale ................................................
32
17
-46.9%
Days on Market (Pending Sale) ...........................
124
52
-58.1%
Month’s Supply of Inventory ................................
16.0
4.3
-73.4%
Percent Under Contract ........................................
18.8%
29.4%
56.9%
Average Median Price for Last 12 Months ........
$1,212,000
$1,162,158
-4.1%
*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
$1.090
S A L E S
$1.298
(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**
$1,162,158 PROPERTIES FOR SALE
17 DAYS ON MARKET**
74 shadow inventory
4 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
San Pedro DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$295,000
$526,500
78.5%
Average Price per Square Foot ...........................
$266
$297
11.7%
Properties Sold .......................................................
17
24
41.2%
Properties Pending Sale .......................................
17
35
105.9%
Properties For Sale ................................................
148
88
-40.5%
Days on Market (Pending Sale) ...........................
109
69
-36.7%
Month’s Supply of Inventory ................................
8.7
3.7
-57.9%
Percent Under Contract ........................................
11.5%
39.8%
246.3%
Average Median Price for Last 12 Months ........
$415,000
$427,442
3.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$527
P R I C E
yearly trend
M E D I A N
$295
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**
$427,442 PROPERTIES FOR SALE
88 DAYS ON MARKET**
86 shadow inventory
90 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Torrance DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$520,000
$595,000
14.4%
Average Price per Square Foot ...........................
$332
$354
6.6%
Properties Sold .......................................................
37
27
-27.0%
Properties Pending Sale .......................................
33
44
33.3%
Properties For Sale ................................................
165
73
-55.8%
Days on Market (Pending Sale) ...........................
82
60
-26.8%
Month’s Supply of Inventory ................................
4.5
2.7
-39.4%
Percent Under Contract ........................................
20.0%
60.3%
201.4%
Average Median Price for Last 12 Months ........
$530,000
$549,962
3.8%
*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.
$595
M E D I A N
S A L E S
(in hundred thousands)
$520
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**
$549,962 PROPERTIES FOR SALE
73 DAYS ON MARKET**
61 shadow inventory
143 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
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References
CONTACTS:
Zachariah Kahn Research & Data Designer, Teles Intelligence zach@telesintelligence.com Sharran Srivatsaa Chief Executive Officer, Teles Intelligence sharran.srivatsaa@telesproperties.com
location:
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Phone:
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Teles intelligence JANUARY 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.