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micro market report orange county 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.
orange county
san fern
south b
Orange Country Macro Market
East Bluff - Harbor View
Irvine
Balboa Peninsula
East Costa Mesa
Laguna Beach (all areas)
Corona del Mar - Spyglass
Fountain Valley
Lower Newport Bay - Balb
Crystal Cove
Huntington Beach
Newport Beach (all areas)
Micro Market Report : July 2012
telesintelligence.com
nando
san gabriel
bay
los angeles Newport Coast
West Newport - Lido
Newport Heights
Westminster
boa Island
Turtle Ridge
)
West Bay - Santa Ana Heights
July 2012 : Micro Market Report
Orange County Macro Market DATA *
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$1,436,101
$1,346,675
-6.2%
Average Price per Square Foot ...........................
$493
$560
13.6%
Properties Sold .......................................................
360
525
45.8%
Properties Pending Sale .......................................
371
596
60.6%
Properties For Sale ................................................
3483
2523
-27.6%
Days on Market (Pending Sale) ...........................
115
83
-27.7%
Month’s Supply of Inventory ................................
9.7
4.8
-50.3%
Percent Under Contract ........................................
10.7%
23.6%
121.8%
Average Median Price for Last 12 Months ........
$1,484,647
$1,420,811
-4.3%
*Information obtained from Broker Metrics, SOCAL MLS and Foreclosure Radar for all areas in Orange County Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S M E D I A N
$1.347
(in hundred thousands)
$1.436
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
Balboa Peninsula DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$1,253,875
$1,612,500
28.6%
Average Price per Square Foot ...........................
$576
$817
41.8%
Properties Sold .......................................................
2
14
600.0%
Properties Pending Sale .......................................
5
8
60.0%
Properties For Sale ................................................
60
70
16.7%
Days on Market (Pending Sale) ...........................
196
170
-13.3%
Month’s Supply of Inventory ................................
30.0
5.0
-83.3%
Percent Under Contract ........................................
8.3%
11.4%
37.1%
Average Median Price for Last 12 Months ........
$1,979,000
$2,298,677
16.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.613 $1.254
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**
$2,298,677
PROPERTIES FOR SALE
70
DAYS ON MARKET**
134
SHADOW INVENTORY
0
(92663, 92661 ZIP CODES)
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Corona del Mar - Spyglass DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$1,745,000
$1,795,000
2.9%
Average Price per Square Foot ...........................
$635
$815
28.3%
Properties Sold .......................................................
14
16
14.3%
Properties Pending Sale .......................................
11
17
54.5%
Properties For Sale ................................................
140
101
-27.9%
Days on Market (Pending Sale) ...........................
112
114
1.8%
Month’s Supply of Inventory ................................
10.0
6.3
-36.9%
Percent Under Contract ........................................
7.9%
16.8%
114.2%
Average Median Price for Last 12 Months ........
$1,895,000
$1,769,822
-6.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.795
$1.745
(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**
$1,769,822
PROPERTIES FOR SALE
101
DAYS ON MARKET**
102
SHADOW INVENTORY
25
(92625 ZIP CODE)
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Crystal Cove DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$7,075,000
$3,325,000
-53.0%
Average Price per Square Foot ...........................
$1,004
$863
-14.0%
Properties Sold .......................................................
2
2
0.0%
Properties Pending Sale .......................................
2
5
150.0%
Properties For Sale ................................................
29
29
0.0%
Days on Market (Pending Sale) ...........................
98
82
-16.3%
Month’s Supply of Inventory ................................
14.5
14.5
0.0%
Percent Under Contract ........................................
6.9%
17.2%
150.0%
Average Median Price for Last 12 Months ........
$4,182,000
$4,063,688
-2.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$3.325
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
$7.075
(in hundred thousands)
P R I C E
yearly trend
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$4,063,688
PROPERTIES FOR SALE
29
DAYS ON MARKET**
106
SHADOW INVENTORY
41
(92657 ZIP CODE)
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
East Bluff - Harbor View DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$1,402,500
$1,360,000
-3.0%
Average Price per Square Foot ...........................
$537
$516
-3.9%
Properties Sold .......................................................
8
33
312.5%
Properties Pending Sale .......................................
22
26
18.2%
Properties For Sale ................................................
168
123
-26.8%
Days on Market (Pending Sale) ...........................
108
70
-35.2%
Month’s Supply of Inventory ................................
21.0
3.7
-82.3%
Percent Under Contract ........................................
13.1%
21.1%
61.4%
Average Median Price for Last 12 Months ........
$1,394,000
$1,373,731
-1.5%
*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
$1.360
S A L E S
$1.403
(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**
$1,373,731
PROPERTIES FOR SALE
123
DAYS ON MARKET**
94
SHADOW INVENTORY
89
(92660 ZIP CODE)
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
East Costa Mesa DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$659,000
$749,900
13.8%
Average Price per Square Foot ...........................
$357
$443
24.1%
Properties Sold .......................................................
15
15
0.0%
Properties Pending Sale .......................................
10
21
110.0%
Properties For Sale ................................................
76
72
-5.3%
Days on Market (Pending Sale) ...........................
48
85
77.1%
Month’s Supply of Inventory ................................
5.1
4.8
-5.3%
Percent Under Contract ........................................
13.2%
29.2%
121.7%
Average Median Price for Last 12 Months ........
$638,000
$658,227
3.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
(in hundred thousands)
$750
P R I C E
yearly trend
M E D I A N
S A L E S
$659
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**
$658,227
PROPERTIES FOR SALE
72
DAYS ON MARKET**
72
SHADOW INVENTORY
83
(92627 ZIP CODE)
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Fountain Valley DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$556,000
$584,000
5.0%
Average Price per Square Foot ...........................
$272
$276
1.5%
Properties Sold .......................................................
21
28
33.3%
Properties Pending Sale .......................................
21
41
95.2%
Properties For Sale ................................................
165
106
-35.8%
Days on Market (Pending Sale) ...........................
110
42
-61.8%
Month’s Supply of Inventory ................................
7.9
3.8
-51.8%
Percent Under Contract ........................................
12.7%
38.7%
203.9%
Average Median Price for Last 12 Months ........
$575,000
$545,481
-5.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$584
M E D I A N
S A L E S
(in hundred thousands)
$556
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**
$545,481
PROPERTIES FOR SALE
106
DAYS ON MARKET**
69
SHADOW INVENTORY
129
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Huntington Beach DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$629,950
$625,000
-0.8%
Average Price per Square Foot ...........................
$348
$363
4.3%
Properties Sold .......................................................
82
124
51.2%
Properties Pending Sale .......................................
83
133
60.2%
Properties For Sale ................................................
637
439
-31.1%
Days on Market (Pending Sale) ...........................
103
58
-43.7%
Month’s Supply of Inventory ................................
7.8
3.5
-54.4%
Percent Under Contract ........................................
13.0%
30.3%
132.5%
Average Median Price for Last 12 Months ........
$616,000
$606,833
-1.5%
*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
S A L E S
$625
(in hundred thousands)
$630
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**
$606,833
PROPERTIES FOR SALE
439
DAYS ON MARKET**
81
SHADOW INVENTORY
402
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Irvine DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$747,500
$830,000
11.0%
Average Price per Square Foot ...........................
$362
$402
11.0%
Properties Sold .......................................................
67
85
26.9%
Properties Pending Sale .......................................
67
107
59.7%
Properties For Sale ................................................
567
376
-33.7%
Days on Market (Pending Sale) ...........................
81
64
-21.0%
Month’s Supply of Inventory ................................
8.5
4.4
-47.7%
Percent Under Contract ........................................
11.8%
28.5%
140.8%
Average Median Price for Last 12 Months ........
$742,000
$706,491
-4.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$830
M E D I A N
S A L E S
(in hundred thousands)
$748
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**
$706,491
PROPERTIES FOR SALE
376
DAYS ON MARKET**
78
SHADOW INVENTORY
294
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Laguna Beach DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$1,117,500
$1,500,000
34.2%
Average Price per Square Foot ...........................
$667
$1,037
55.5%
Properties Sold .......................................................
26
35
34.6%
Properties Pending Sale .......................................
17
53
211.8%
Properties For Sale ................................................
375
279
-25.6%
Days on Market (Pending Sale) ...........................
122
111
-9.0%
Month’s Supply of Inventory ................................
14.4
8.0
-44.7%
Percent Under Contract ........................................
4.5%
19.0%
319.0%
Average Median Price for Last 12 Months ........
$1,250,000
$1,245,777
-0.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$1.500
P R I C E
yearly trend
M E D I A N
$1.118
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**
$1,245,777
PROPERTIES FOR SALE
279
DAYS ON MARKET**
132
SHADOW INVENTORY
89
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Lower Newport Bay - Balboa Island DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$1,625,000
$2,376,000
46.2%
Average Price per Square Foot ...........................
$784
$923
17.7%
Properties Sold .......................................................
5
11
120.0%
Properties Pending Sale .......................................
3
7
133.3%
Properties For Sale ................................................
67
55
-17.9%
Days on Market (Pending Sale) ...........................
167
98
-41.3%
Month’s Supply of Inventory ................................
13.4
5.0
-62.7%
Percent Under Contract ........................................
4.5%
12.7%
184.2%
Average Median Price for Last 12 Months ........
$2,213,000
$1,973,286
-10.8%
*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)
$2.376
P R I C E
yearly trend
M E D I A N
$1.625
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**
$1,973,286
PROPERTIES FOR SALE
55
DAYS ON MARKET**
118
SHADOW INVENTORY
47
(92660, 92662, 92663 ZIP CODE)
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Newport Beach DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$1,348,000
$1,467,500
8.9%
Average Price per Square Foot ...........................
$498
$603
21.1%
Properties Sold .......................................................
39
80
105.1%
Properties Pending Sale .......................................
48
68
41.7%
Properties For Sale ................................................
515
414
-19.6%
Days on Market (Pending Sale) ...........................
130
86
-33.8%
Month’s Supply of Inventory ................................
13.2
5.2
-60.8%
Percent Under Contract ........................................
9.3%
16.4%
76.2%
Average Median Price for Last 12 Months ........
$1,398,000
$1,335,356
-4.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.468
M E D I A N
S A L E S
(in hundred thousands)
$1.348
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**
$1,335,356
PROPERTIES FOR SALE
414
DAYS ON MARKET**
110
SHADOW INVENTORY
152
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Newport Coast DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$1,720,000
$1,580,000
-8.1%
Average Price per Square Foot ...........................
$684
$666
-2.6%
Properties Sold .......................................................
13
13
0.0%
Properties Pending Sale .......................................
17
30
76.5%
Properties For Sale ................................................
168
127
-24.4%
Days on Market (Pending Sale) ...........................
136
126
-7.4%
Month’s Supply of Inventory ................................
12.9
9.8
-24.4%
Percent Under Contract ........................................
10.1%
23.6%
133.4%
Average Median Price for Last 12 Months ........
$2,068,000
$1,693,038
-18.1%
*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
$1.580
S A L E S
$1.720
(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**
$1,693,038
PROPERTIES FOR SALE
127
DAYS ON MARKET**
92
SHADOW INVENTORY
31
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Newport Heights DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$1,365,000
$1,475,000
8.1%
Average Price per Square Foot ...........................
$491
$490
-0.2%
Properties Sold .......................................................
6
7
16.7%
Properties Pending Sale .......................................
7
5
-28.6%
Properties For Sale ................................................
36
30
-16.7%
Days on Market (Pending Sale) ...........................
143
59
-58.7%
Month’s Supply of Inventory ................................
6
4.3
-28.6%
Percent Under Contract ........................................
19.4%
16.7%
-14.3%
Average Median Price for Last 12 Months ........
$1,307,000
$1,162,677
-11.0%
*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
(in hundred thousands)
$1.475
$1.365
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**
$1,162,677
PROPERTIES FOR SALE
30
DAYS ON MARKET**
82
SHADOW INVENTORY
44
(92663 ZIP CODE)
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Turtle Ridge DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$1,987,500
$1,794,000
-9.7%
Average Price per Square Foot ...........................
$507
$553
9.1%
Properties Sold .......................................................
4
8
100.0%
Properties Pending Sale .......................................
1
5
400.0%
Properties For Sale ................................................
31
29
-6.5%
Days on Market (Pending Sale) ...........................
177
134
-24.3%
Month’s Supply of Inventory ................................
7.8
3.6
-53.2%
Percent Under Contract ........................................
3.2%
17.2%
434.5%
Average Median Price for Last 12 Months ........
$1,751,000
$1,899,077
8.5%
*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
$1.794
S A L E S
$1.988
(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**
$1,899,077
PROPERTIES FOR SALE
29
DAYS ON MARKET**
123
SHADOW INVENTORY
57
(92603 ZIP CODES)
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
West Bay - Santa Ana Heights DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$1,350,000
$1,366,250
1.2%
Average Price per Square Foot ...........................
$453
$430
-5.1%
Properties Sold .......................................................
13
8
-38.5%
Properties Pending Sale .......................................
6
11
83.3%
Properties For Sale ................................................
88
66
-25.0%
Days on Market (Pending Sale) ...........................
109
58
-46.8%
Month’s Supply of Inventory ................................
6.8
8.3
21.9%
Percent Under Contract ........................................
6.8%
16.7%
144.4%
Average Median Price for Last 12 Months ........
$1,095,000
$1,154,030
5.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.366
M E D I A N
S A L E S
(in hundred thousands)
$1.350
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**
$1,154,030
PROPERTIES FOR SALE
66
DAYS ON MARKET**
101
SHADOW INVENTORY
91
(92660 ZIP CODE)
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
West Newport - Lido DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$840,000
$1,400,000
66.7%
Average Price per Square Foot ...........................
$448
$614
37.1%
Properties Sold .......................................................
5
7
40.0%
Properties Pending Sale .......................................
5
11
120.0%
Properties For Sale ................................................
95
70
-26.3%
Days on Market (Pending Sale) ...........................
144
94
-34.7%
Month’s Supply of Inventory ................................
19.0
10.0
-47.4%
Percent Under Contract ........................................
5.3%
15.7%
198.6%
Average Median Price for Last 12 Months ........
$1,717,000
$1,274,019
-25.8%
*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
$840
S A L E S
$1.400
(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**
$1,274,019
PROPERTIES FOR SALE
70
DAYS ON MARKET**
147
SHADOW INVENTORY
44
(92663 ZIP CODE)
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Westminster DATA *
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$428,000
$400,000
-6.5%
Average Price per Square Foot ...........................
$253
$274
8.3%
Properties Sold .......................................................
38
39
2.6%
Properties Pending Sale .......................................
46
48
4.3%
Properties For Sale ................................................
266
137
-48.5%
Days on Market (Pending Sale) ...........................
88
48
-45.5%
Month’s Supply of Inventory ................................
7.0
3.5
-49.8%
Percent Under Contract ........................................
17.3%
35.0%
102.6%
Average Median Price for Last 12 Months ........
$419,000
$393,577
-6.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$400
(in hundred thousands)
$428
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**
$393,577
PROPERTIES FOR SALE
137
DAYS ON MARKET**
71
SHADOW INVENTORY
185
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market 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.
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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:
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PHONE:
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TELES intelligence JULY 2012 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2012 Teles Properties, Inc. Teles Properties is a registered trademark.