TELES intelligence
micro market report los angeles JULY 2012 | SINGLE FAMILY HOMES REPORT
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
MEDIAN PRICE:
DAYS OF MARKET (PENDING SALE):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
MONTH’S SUPPLY OF INVENTORY:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
AVERAGE PRICE PER SQUARE FOOT:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
PERCENT UNDER CONTRACT:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
PROPERTIES SOLD:
The number of property transactions
AVERAGE MEDIAN PRICE FOR LAST 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
PROPERTIES PENDING SALE:
ending in the identified month
The number of properties that entered escrow in preparation for sale.
SHADOW INVENTORY:
Properties in Pre-Foreclosure, Bank PROPERTIES FOR SALE:
Owned or Auction as identified by
The number of properties on the
ForeclosureRadar.com
market and seeking buyers.
los angeles
orange
san gab
Los Angeles Macro Market
Brentwood
Los Feliz
Bel Air - Holmby Hills
Cheviot Hills - Rancho Park
Malibu
Beverly Center - Miracle Mile
Culver City
Malibu Beach
Beverly Hills
Hancock Park - Wilshire
Marina del Rey
Beverly Hills P.O.
Hollywood
Mid Los Angeles
Beverlywood
Hollywood Hills East
Mid Wilshire
Micro Market Report : July 2012
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
July 2012 : Micro Market Report
Los Angeles Macro Market DATA *
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$1,403,260
$1,473,671
5.0%
Average Price per Square Foot ...........................
$599
$526
-12.2%
Properties Sold .......................................................
350
371
6.0%
Properties Pending Sale .......................................
367
438
19.3%
Properties For Sale ................................................
3394
2467
-27.3%
Days on Market (Pending Sale) ...........................
61
51
-16.3%
Month’s Supply of Inventory ................................
9.7
6.6
-31.4%
Percent Under Contract ........................................
10.8%
17.8%
64.2%
Average Median Price for Last 12 Months ........
$1,286,500
$1,358,391
5.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$1.474
$1.403
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
Bel Air - Holmby Hil s DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$1,240,000
$1,850,000
49.2%
Average Price per Square Foot ...........................
$1,132
$708
-37.5%
Properties Sold .......................................................
13
8
-38.5%
Properties Pending Sale .......................................
10
11
10.0%
Properties For Sale ................................................
182
135
-25.8%
Days on Market (Pending Sale) ...........................
68
106
55.9%
Month’s Supply of Inventory ................................
14.0
16.9
20.5%
Percent Under Contract ........................................
5.5%
8.1%
48.3%
Average Median Price for Last 12 Months ........
$1,632,000
$1,880,130
13.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.240
JUL
S A L E S M E D I A N
$1.850
(in hundred thousands)
P R I C E
yearly trend
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$1,882,641
PROPERTIES FOR SALE
135
DAYS ON MARKET**
82
SHADOW INVENTORY
38
(90077 Zip Code)
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Beverly Center - Miracle Mile DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$935,000
$745,000
-20.3%
Average Price per Square Foot ...........................
$486
$439
-9.7%
Properties Sold .......................................................
17
16
-5.9%
Properties Pending Sale .......................................
16
28
75.0%
Properties For Sale ................................................
112
82
-26.8%
Days on Market (Pending Sale) ...........................
47
48
2.1%
Month’s Supply of Inventory ................................
6.6
5.1
-22.2%
Percent Under Contract ........................................
14.3%
34.1%
139.0%
Average Median Price for Last 12 Months ........
$925,000
$884,192
-4.6%
*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
$745
S A L E S
$935
(in hundred thousands)
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$884,192
PROPERTIES FOR SALE
82
DAYS ON MARKET**
43
SHADOW INVENTORY
18
(90048 Zip Code)
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Beverly Hil s DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$2,925,000
$2,740,000
-6.3%
Average Price per Square Foot ...........................
$933
$859
-7.9%
Properties Sold .......................................................
11
10
-9.1%
Properties Pending Sale .......................................
8
12
50.0%
Properties For Sale ................................................
164
144
-12.2%
Days on Market (Pending Sale) ...........................
67
82
22.4%
Month’s Supply of Inventory ................................
14.9
14.4
-3.4%
Percent Under Contract ........................................
4.9%
8.3%
70.8%
Average Median Price for Last 12 Months ........
$2,822,000
$3,631,346
22.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
$2.740
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
M E D I A N
$2.925
JUL
(in hundred thousands)
P R I C E
yearly trend
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$3,631,346
PROPERTIES FOR SALE
144
DAYS ON MARKET**
92
SHADOW INVENTORY
83
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Beverly Hil s P.O. DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$3,175,000
$1,728,000
-45.6%
Average Price per Square Foot ...........................
$615
$580
-5.7%
Properties Sold .......................................................
14
11
-21.4%
Properties Pending Sale .......................................
13
19
46.2%
Properties For Sale ................................................
185
138
-25.4%
Days on Market (Pending Sale) ...........................
102
102
0.0%
Month’s Supply of Inventory ................................
13.2
12.5
-5.1%
Percent Under Contract ........................................
7.0%
13.8%
95.9%
Average Median Price for Last 12 Months ........
$1,933,000
$1,983,596
2.6%
*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
$1.728
S A L E S
$3.175
(in hundred thousands)
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$1,983,596
PROPERTIES FOR SALE
138
DAYS ON MARKET**
90
SHADOW INVENTORY
66
(90210 Zip Code)
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Beverlywood DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$825,000
$758,250
-8.1%
Average Price per Square Foot ...........................
$445
$446
0.2%
Properties Sold .......................................................
17
20
17.6%
Properties Pending Sale .......................................
12
22
83.3%
Properties For Sale ................................................
101
61
-39.6%
Days on Market (Pending Sale) ...........................
31
36
16.1%
Month’s Supply of Inventory ................................
5.9
3.1
-48.7%
Percent Under Contract ........................................
11.9%
36.1%
203.6%
Average Median Price for Last 12 Months ........
$774,000
$759,394
-1.9%
*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
$758
S A L E S
$825
(in hundred thousands)
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$759,394
PROPERTIES FOR SALE
61
DAYS ON MARKET**
48
SHADOW INVENTORY
42
(90035 Zip Code)
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Brentwood DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$2,132,000
$1,710,000
-19.8%
Average Price per Square Foot ...........................
$850
$822
-3.3%
Properties Sold .......................................................
13
22
69.2%
Properties Pending Sale .......................................
15
25
66.7%
Properties For Sale ................................................
167
133
-20.4%
Days on Market (Pending Sale) ...........................
42
55
31.0%
Month’s Supply of Inventory ................................
12.8
6.0
-52.9%
Percent Under Contract ........................................
9.0%
18.8%
109.3%
Average Median Price for Last 12 Months ........
$1,845,000
$1,816,269
-1.6%
*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
$1.710
S A L E S
$2.132
(in hundred thousands)
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$1,816,269
PROPERTIES FOR SALE
133
DAYS ON MARKET**
67
SHADOW INVENTORY
47 (90049 Zip Code) **12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Cheviot Hil s - Rancho Park DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$1,075,000
$1,652,570
53.7%
Average Price per Square Foot ...........................
$468
$495
5.8%
Properties Sold .......................................................
7
4
-42.9%
Properties Pending Sale .......................................
13
7
-46.2%
Properties For Sale ................................................
59
30
-49.2%
Days on Market (Pending Sale) ...........................
26
34
30.8%
Month’s Supply of Inventory ................................
8.4
7.5
-11.0%
Percent Under Contract ........................................
22.0%
23.3%
5.9%
Average Median Price for Last 12 Months ........
$1,196,000
$1,296,994
7.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$1.653
P R I C E
yearly trend
M E D I A N
$1.075
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$1,296,994
PROPERTIES FOR SALE
30
DAYS ON MARKET**
52
SHADOW INVENTORY
48
(90064 Zip Code)
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Culver City DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$627,500
$740,000
17.9%
Average Price per Square Foot ...........................
$415
$420
1.2%
Properties Sold .......................................................
13
14
7.7%
Properties Pending Sale .......................................
14
23
64.3%
Properties For Sale ................................................
81
65
-19.8%
Days on Market (Pending Sale) ...........................
56
36
-35.7%
Month’s Supply of Inventory ................................
6.2
4.6
-25.5%
Percent Under Contract ........................................
17.3%
35.4%
104.7%
Average Median Price for Last 12 Months ........
$671,000
$628,702
-6.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$740
P R I C E
yearly trend
M E D I A N
$628
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$628,702
PROPERTIES FOR SALE
65
DAYS ON MARKET**
47
SHADOW INVENTORY
43
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Hancock Park - Wilshire DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$1,100,000
$1,008,842
-8.3%
Average Price per Square Foot ...........................
$407
$480
17.9%
Properties Sold .......................................................
11
19
72.7%
Properties Pending Sale .......................................
23
20
-13.0%
Properties For Sale ................................................
160
98
-38.8%
Days on Market (Pending Sale) ...........................
68
49
-27.9%
Month’s Supply of Inventory ................................
14.5
5.2
-64.5%
Percent Under Contract ........................................
14.4%
20.4%
42.0%
Average Median Price for Last 12 Months ........
$1,012,000
$937,180
-8.0%
*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
$1.008
(in hundred thousands)
$1.100
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$937,180
PROPERTIES FOR SALE
98
DAYS ON MARKET**
58
SHADOW INVENTORY
48
(90004, 90020 Zip Codes)
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Hollywood DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$615,000
$629,000
2.3%
Average Price per Square Foot ...........................
$403
$330
-18.1%
Properties Sold .......................................................
4
3
-25.0%
Properties Pending Sale .......................................
2
7
250.0%
Properties For Sale ................................................
32
22
-31.3%
Days on Market (Pending Sale) ...........................
30
31
3.3%
Month’s Supply of Inventory ................................
8.0
7.3
-8.3%
Percent Under Contract ........................................
6.3%
31.8%
409.1%
Average Median Price for Last 12 Months ........
$475,000
$485,654
2.2%
*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
$629
$615
(in hundred thousands)
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$485,654
PROPERTIES FOR SALE
22
DAYS ON MARKET**
42
SHADOW INVENTORY
110
(90028, 90038, 90068 Zip Codes)
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Hollywood Hil s East DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$949,000
$925,000
-2.5%
Average Price per Square Foot ...........................
$443
$407
-8.1%
Properties Sold .......................................................
11
13
18.2%
Properties Pending Sale .......................................
12
14
16.7%
Properties For Sale ................................................
106
81
-23.6%
Days on Market (Pending Sale) ...........................
92
85
-7.6%
Month’s Supply of Inventory ................................
8.8
6.2
-29.5%
Percent Under Contract ........................................
11.3%
17.3%
52.7%
Average Median Price for Last 12 Months ........
$872,000
$905,192
3.7%
*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
$925
S A L E S
$949
(in hundred thousands)
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$905,192
PROPERTIES FOR SALE
81
DAYS ON MARKET**
60
SHADOW INVENTORY
23
(90029 Zip Code)
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Los Feliz DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$989,500
$1,027,250
3.8%
Average Price per Square Foot ...........................
$555
$571
2.9%
Properties Sold .......................................................
18
16
-11.1%
Properties Pending Sale .......................................
24
16
-33.3%
Properties For Sale ................................................
114
92
-19.3%
Days on Market (Pending Sale) ...........................
78
34
-56.4%
Month’s Supply of Inventory ................................
4.8
5.8
21.1%
Percent Under Contract ........................................
21.1%
17.4%
-17.4%
Average Median Price for Last 12 Months ........
$959,000
$950,575
-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
S A L E S
(in hundred thousands)
$1.027
$990
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$950,575
PROPERTIES FOR SALE
92
DAYS ON MARKET**
51
SHADOW INVENTORY
41
(90027 Zip Code)
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Malibu DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$1,625,000
$2,085,000
28.3%
Average Price per Square Foot ...........................
$541
$689
27.4%
Properties Sold .......................................................
11
11
0.0%
Properties Pending Sale .......................................
9
16
77.8%
Properties For Sale ................................................
314
218
-30.6%
Days on Market (Pending Sale) ...........................
84
106
26.2%
Month’s Supply of Inventory ................................
28.5
19.8
-30.6%
Percent Under Contract ........................................
2.9%
7.3%
156.1%
Average Median Price for Last 12 Months ........
$2,012,000
$1,753,540
-14.7%
*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
$1.625
S A L E S
$2.085
(in hundred thousands)
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$1,753,540
PROPERTIES FOR SALE
218
DAYS ON MARKET**
137
SHADOW INVENTORY
78
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Malibu Beach DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$8,025,000
$9,150,000
14.0%
Average Price per Square Foot ...........................
$2,360
$0
-100.0%
Properties Sold .......................................................
2
2
0.0%
Properties Pending Sale .......................................
3
3
0.0%
Properties For Sale ................................................
123
102
-17.1%
Days on Market (Pending Sale) ...........................
115
79
-31.3%
Month’s Supply of Inventory ................................
61.5
51.0
-17.1%
Percent Under Contract ........................................
2.4%
2.9%
20.6%
Average Median Price for Last 12 Months ........
$4,865,000
$6,309,698
22.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$9.150
M E D I A N
S A L E S
(in hundred thousands)
$8.025
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$6,309,698
PROPERTIES FOR SALE
102
DAYS ON MARKET**
165
SHADOW INVENTORY
10
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Marina del Rey DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$466,750
$857,500
83.7%
Average Price per Square Foot ...........................
$344
$495
43.9%
Properties Sold .......................................................
1
5
400.0%
Properties Pending Sale .......................................
3
5
66.7%
Properties For Sale ................................................
42
26
-38.1%
Days on Market (Pending Sale) ...........................
178
65
-63.5%
Month’s Supply of Inventory ................................
42.0
5.2
-87.6%
Percent Under Contract ........................................
7.1%
19.2%
169.2%
Average Median Price for Last 12 Months ........
$1,382,000
$1,150,368
-20.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$858 $467
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
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**
$1,150,368
PROPERTIES FOR SALE
26
DAYS ON MARKET**
73
SHADOW INVENTORY
8
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Mid Los Angeles DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$315,000
$340,000
7.9%
Average Price per Square Foot ...........................
$202
$207
2.5%
Properties Sold .......................................................
22
15
-31.8%
Properties Pending Sale .......................................
15
20
33.3%
Properties For Sale ................................................
121
67
-44.6%
Days on Market (Pending Sale) ...........................
42
66
57.1%
Month’s Supply of Inventory ................................
5.5
4.5
-18.8%
Percent Under Contract ........................................
12.4%
29.9%
140.8%
Average Median Price for Last 12 Months ........
$308,000
$295,153
-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
$340
$315
(in hundred thousands)
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$295,153
PROPERTIES FOR SALE
67
DAYS ON MARKET**
58
SHADOW INVENTORY
139 (90019 Zip Code) **12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Mid Wilshire DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$392,500
$393,000
0.1%
Average Price per Square Foot ...........................
$210
$171
-18.6%
Properties Sold .......................................................
6
1
-83.3%
Properties Pending Sale .......................................
6
1
-83.3%
Properties For Sale ................................................
33
12
-63.6%
Days on Market (Pending Sale) ...........................
20
6
-70.0%
Month’s Supply of Inventory ................................
5.5
12.0
118.2%
Percent Under Contract ........................................
18.2%
8.3%
-54.2%
Average Median Price for Last 12 Months ........
$445,000
$395,334
-12.6%
*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
$393
$393
(in hundred thousands)
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$395,334
PROPERTIES FOR SALE
12
DAYS ON MARKET**
19
SHADOW INVENTORY
37
(90036 Zip Code)
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Pacific Palisades DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$1,500,000
$1,857,500
23.8%
Average Price per Square Foot ...........................
$631
$707
12.0%
Properties Sold .......................................................
21
32
52.4%
Properties Pending Sale .......................................
29
25
-13.8%
Properties For Sale ................................................
214
161
-24.8%
Days on Market (Pending Sale) ...........................
53
57
7.5%
Month’s Supply of Inventory ................................
10.2
5.0
-50.6%
Percent Under Contract ........................................
13.6%
15.5%
14.6%
Average Median Price for Last 12 Months ........
$1,798,000
$1,790,499
-0.4%
*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
$1.500
S A L E S
$1.858
(in hundred thousands)
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$1,790,499
PROPERTIES FOR SALE
161
DAYS ON MARKET**
63
SHADOW INVENTORY
40
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Palms - Mar Vista DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$780,000
$793,500
1.7%
Average Price per Square Foot ...........................
$490
$515
5.1%
Properties Sold .......................................................
19
24
26.3%
Properties Pending Sale .......................................
26
29
11.5%
Properties For Sale ................................................
144
80
-44.4%
Days on Market (Pending Sale) ...........................
49
40
-18.4%
Month’s Supply of Inventory ................................
7.6
3.3
-56.0%
Percent Under Contract ........................................
18.1%
36.3%
100.8%
Average Median Price for Last 12 Months ........
$743,000
$746,231
0.4%
*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
$794
$780
(in hundred thousands)
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$746,231
PROPERTIES FOR SALE
80
DAYS ON MARKET**
50
SHADOW INVENTORY
105
(90066, 90034 Zip Codes)
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Playa del Rey DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$831,000
$1,173,500
41.2%
Average Price per Square Foot ...........................
$419
$370
-11.7%
Properties Sold .......................................................
4
4
0.0%
Properties Pending Sale .......................................
3
5
66.7%
Properties For Sale ................................................
28
16
-42.9%
Days on Market (Pending Sale) ...........................
41
80
95.1%
Month’s Supply of Inventory ................................
7.0
4.0
-42.9%
Percent Under Contract ........................................
10.7%
31.3%
191.7%
Average Median Price for Last 12 Months ........
$1,033,000
$913,729
-13.1%
*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
$831
S A L E S
$1.174
(in hundred thousands)
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$913,729
PROPERTIES FOR SALE
16
DAYS ON MARKET**
54
SHADOW INVENTORY
15
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Playa Vista DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$0
$1,525,000
N/A
Average Price per Square Foot ...........................
$0
$405
N/A
Properties Sold .......................................................
0
1
N/A
Properties Pending Sale .......................................
2
0
-100.0%
Properties For Sale ................................................
6
2
-66.7%
Days on Market (Pending Sale) ...........................
32
0
-100.0%
Month’s Supply of Inventory ................................
N/A
2.0
N/A
Percent Under Contract ........................................
33.3%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$1,023,000
$1,039,969
1.6%
*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
(in hundred thousands)
$1.385
P R I C E
yearly trend
$0 JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$1,039,969
PROPERTIES FOR SALE
2
DAYS ON MARKET**
21
SHADOW INVENTORY
0
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Santa Monica DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$1,585,000
$1,555,000
-1.9%
Average Price per Square Foot ...........................
$708
$775
9.5%
Properties Sold .......................................................
33
19
-42.4%
Properties Pending Sale .......................................
24
25
4.2%
Properties For Sale ................................................
162
107
-34.0%
Days on Market (Pending Sale) ...........................
44
49
11.4%
Month’s Supply of Inventory ................................
4.9
5.6
14.7%
Percent Under Contract ........................................
14.8%
23.4%
57.7%
Average Median Price for Last 12 Months ........
$1,604,000
$1,714,966
6.5%
*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
$1.555
S A L E S
$1.585
(in hundred thousands)
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$1,714,966
PROPERTIES FOR SALE
107
DAYS ON MARKET**
55
SHADOW INVENTORY
37
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Sunset Strip - Hollywood Hil s West DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$1,325,000
$1,222,750
-7.7%
Average Price per Square Foot ...........................
$496
$574
15.7%
Properties Sold .......................................................
21
34
61.9%
Properties Pending Sale .......................................
21
41
95.2%
Properties For Sale ................................................
320
291
-9.1%
Days on Market (Pending Sale) ...........................
80
60
-25.0%
Month’s Supply of Inventory ................................
15.2
8.6
-43.8%
Percent Under Contract ........................................
6.6%
14.1%
114.7%
Average Median Price for Last 12 Months ........
$1,281,000
$1,286,381
0.4%
*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
$1.223
S A L E S
$1.325
(in hundred thousands)
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$1,286,381
PROPERTIES FOR SALE
291
DAYS ON MARKET**
69
SHADOW INVENTORY
99
(90028, 90068 Zip Codes)
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Venice DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$838,000
$1,320,000
57.5%
Average Price per Square Foot ...........................
$716
$645
-9.9%
Properties Sold .......................................................
14
15
7.1%
Properties Pending Sale .......................................
20
24
20.0%
Properties For Sale ................................................
128
88
-31.3%
Days on Market (Pending Sale) ...........................
66
49
-25.8%
Month’s Supply of Inventory ................................
9.1
5.9
-35.8%
Percent Under Contract ........................................
15.6%
27.3%
74.5%
Average Median Price for Last 12 Months ........
$918,000
$1,062,661
15.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$1.320
P R I C E
yearly trend
M E D I A N
$838
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$1,062,661
PROPERTIES FOR SALE
88
DAYS ON MARKET**
59
SHADOW INVENTORY
35
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
West Hollywood DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$950,000
$899,000
-5.4%
Average Price per Square Foot ...........................
$556
$593
6.7%
Properties Sold .......................................................
3
13
333.3%
Properties Pending Sale .......................................
13
10
-23.1%
Properties For Sale ................................................
87
45
-48.3%
Days on Market (Pending Sale) ...........................
38
46
21.1%
Month’s Supply of Inventory ................................
29.0
3.5
-88.1%
Percent Under Contract ........................................
14.9%
22.2%
48.7%
Average Median Price for Last 12 Months ........
$843,000
$929,774
9.3%
*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
$899
S A L E S
$950
(in hundred thousands)
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$929,774
PROPERTIES FOR SALE
45
DAYS ON MARKET**
61
SHADOW INVENTORY
15
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
West Los Angeles DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$662,500
$629,500
-5.0%
Average Price per Square Foot ...........................
$436
$509
16.7%
Properties Sold .......................................................
12
10
-16.7%
Properties Pending Sale .......................................
8
3
-62.5%
Properties For Sale ................................................
37
25
-32.4%
Days on Market (Pending Sale) ...........................
66
15
-77.3%
Month’s Supply of Inventory ................................
3.1
2.5
-18.9%
Percent Under Contract ........................................
21.6%
12.0%
-44.5%
Average Median Price for Last 12 Months ........
$661,000
$606,223
-8.3%
*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
$630
S A L E S
$663
(in hundred thousands)
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$606,223
PROPERTIES FOR SALE
25
DAYS ON MARKET**
44
SHAODW INVENTORY
20
(90025 Zip Code)
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Westchester DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$646,000
$650,000
0.6%
Average Price per Square Foot ...........................
$434
$406
-6.5%
Properties Sold .......................................................
18
13
-27.8%
Properties Pending Sale .......................................
12
13
8.3%
Properties For Sale ................................................
79
62
-21.5%
Days on Market (Pending Sale) ...........................
50
21
-58.0%
Month’s Supply of Inventory ................................
4.4
4.8
8.7%
Percent Under Contract ........................................
15.2%
21.0%
38.0%
Average Median Price for Last 12 Months ........
$666,000
$623,575
-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
(in hundred thousands)
$650
$646
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$623,575
PROPERTIES FOR SALE
62
DAYS ON MARKET**
42
SHADOW INVENTORY
97
(90045 Zip Code)
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Westwood - Century City DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$1,195,000
$1,297,630
8.6%
Average Price per Square Foot ...........................
$468
$708
51.3%
Properties Sold .......................................................
14
16
14.3%
Properties Pending Sale .......................................
11
12
9.1%
Properties For Sale ................................................
93
77
-17.2%
Days on Market (Pending Sale) ...........................
48
53
10.4%
Month’s Supply of Inventory ................................
6.6
4.8
-27.6%
Percent Under Contract ........................................
11.8%
15.6%
31.8%
Average Median Price for Last 12 Months ........
$1,324,000
$1,257,629
-5.0%
*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
$1.298
$1.195
(in hundred thousands)
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$1,257,629
PROPERTIES FOR SALE
77
DAYS ON MARKET**
43
SHADOW INVENTORY
9
(90024, 90067 Zip Codes)
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
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References
CONTACTS:
Zachariah Kahn Research & Data Designer, Teles Intelligence zach@telesintelligence.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
TELES intelligence JULY 2012 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2012 Teles Properties, Inc. Teles Properties is a registered trademark.