Teles intelligence
micro market report los angeles July 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 angeles
orange
san gab
Los Angeles Macro Market
Brentwood
Laurel Canyon
Bel Air - Holmby Hills
Cheviot Hills - Rancho Park
Los Feliz
Beverly Center - Miracle Mile
Culver City
Malibu
Beverly Hills
Hancock Park - Wilshire
Malibu Beach
Beverly Hills P.O.
Hollywood
Marina del Rey
Beverlywood
Hollywood Hills East
Mid Los Angeles
Micro Market Report : July 2013
telesintelligence.com
e county
san fernando
briel
south bay Mid Wilshire
Sunset Strip - Hollywood Hills West
Pacific Palisades
Venice
Palms - Mar Vista
West Hollywood
Playa del Rey
West Los Angeles
Playa Vista
Westchester
Santa Monica
Westwood - Century City
July 2013 : Micro Market Report
Los Angeles County DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$615,950
$862,500
40.0%
Average Price per Square Foot ...........................
$451
$578
28.2%
Properties Sold .......................................................
830
786
-5.3%
Properties Pending Sale .......................................
781
878
12.4%
Properties For Sale ................................................
4,565
3,764
-17.5%
Days on Market (Pending Sale) ...........................
77
43
-44.2%
Month’s Supply of Inventory ................................
5.5
4.8
-12.9%
Percent Under Contract ........................................
17.1%
23.3%
36.3%
Average Median Price for Last 12 Months ........
$579,000
$720,796
19.7%
*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)
$862
P R I C E
yearly trend
M E D I A N
S A L E S
$615
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Bel-Air Holmby Hills DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$1,925,000
$2,200,000
14.3%
Average Price per Square Foot ...........................
$562
$941
67.4%
Properties Sold .......................................................
9
17
88.9%
Properties Pending Sale .......................................
13
13
0.0%
Properties For Sale ................................................
147
117
-20.4%
Days on Market (Pending Sale) ...........................
78
85
9.0%
Month’s Supply of Inventory ................................
16.3
6.9
-57.9%
Percent Under Contract ........................................
8.8%
14.3%
61.5%
Average Median Price for Last 12 Months ........
$1,787,000
$1,889,199
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
(in hundred thousands)
$2.200 $1.925
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$1,889,199
PROPERTIES FOR SALE
117
DAYS ON MARKET**
93
shadow inventory
13
(90077)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Beverly Center - Miracle Mile DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$775,000
$1,278,000
64.9%
Average Price per Square Foot ...........................
$446
$633
41.9%
Properties Sold .......................................................
19
19
0.0%
Properties Pending Sale .......................................
26
26
0.0%
Properties For Sale ................................................
87
64
-26.4%
Days on Market (Pending Sale) ...........................
58
31
-46.6%
Month’s Supply of Inventory ................................
4.6
3.4
-26.4%
Percent Under Contract ........................................
29.9%
40.6%
35.9%
Average Median Price for Last 12 Months ........
$897,000
$1,050,221
14.6%
*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.
S A L E S
(in hundred thousands)
$1.278
P R I C E
yearly trend
M E D I A N
$775
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$1,050,221
PROPERTIES FOR SALE
64
DAYS ON MARKET**
54
shadow inventory
7
(90048)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Beverly Hills DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$2,740,000
$3,700,000
35.0%
Average Price per Square Foot ...........................
$859
$1,084
26.2%
Properties Sold .......................................................
10
14
40.0%
Properties Pending Sale .......................................
11
16
45.5%
Properties For Sale ................................................
153
112
-26.8%
Days on Market (Pending Sale) ...........................
94
70
-25.5%
Month’s Supply of Inventory ................................
15.3
8
-47.7%
Percent Under Contract ........................................
7.2%
14.3%
98.7%
Average Median Price for Last 12 Months ........
$3,616,000
$4,076,772
11.3%
*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
$2.740
S A L E S
$3.700
(in hundred thousands)
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$4,076,772
PROPERTIES FOR SALE
112
DAYS ON MARKET**
91
shadow inventory
39
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Beverly Hills- Post Office DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$1,728,000
$2,170,178
25.6%
Average Price per Square Foot ...........................
$580
$750
29.3%
Properties Sold .......................................................
11
18
63.6%
Properties Pending Sale .......................................
16
19
18.8%
Properties For Sale ................................................
144
127
-11.8%
Days on Market (Pending Sale) ...........................
128
49
-61.7%
Month’s Supply of Inventory ................................
13.1
7.1
-46.1%
Percent Under Contract ........................................
11.1%
15.0%
34.6%
Average Median Price for Last 12 Months ........
$2,018,000
$1,973,953
-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.
(in hundred thousands)
$2.170
P R I C E
yearly trend
M E D I A N
S A L E S
$1.728
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$1,973,953
PROPERTIES FOR SALE
127
DAYS ON MARKET**
84
shadow inventory
33
(90210)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Beverlywood DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$751,500
$960,000
27.7%
Average Price per Square Foot ...........................
$442
$485
9.7%
Properties Sold .......................................................
21
11
-47.6%
Properties Pending Sale .......................................
19
16
-15.8%
Properties For Sale ................................................
64
52
-18.8%
Days on Market (Pending Sale) ...........................
47
22
-53.2%
Month’s Supply of Inventory ................................
3
4.7
55.1%
Percent Under Contract ........................................
29.7%
30.8%
3.6%
Average Median Price for Last 12 Months ........
$765,000
$793,793
3.6%
*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.
$960
M E D I A N
S A L E S
(in hundred thousands)
$751
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$793,793
PROPERTIES FOR SALE
52
DAYS ON MARKET**
51
shadow inventory
13
(90035)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Brentwood DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$1,720,000
$2,700,000
57.0%
Average Price per Square Foot ...........................
$913
$876
-4.1%
Properties Sold .......................................................
23
25
8.7%
Properties Pending Sale .......................................
26
25
-3.8%
Properties For Sale ................................................
137
112
-18.2%
Days on Market (Pending Sale) ...........................
89
65
-27.0%
Month’s Supply of Inventory ................................
6
4.5
-24.8%
Percent Under Contract ........................................
19.0%
22.3%
17.6%
Average Median Price for Last 12 Months ........
$1,820,000
$2,141,235
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.
S A L E S
(in hundred thousands)
$2.700
P R I C E
yearly trend
M E D I A N
$1.720
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$2,141,235
PROPERTIES FOR SALE
112
DAYS ON MARKET**
71
shadow inventory
27
(90049)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Cheviot Hills - Rancho Park DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$1,652,570
$1,939,500
17.4%
Average Price per Square Foot ...........................
$495
$648
30.9%
Properties Sold .......................................................
4
6
50.0%
Properties Pending Sale .......................................
7
8
14.3%
Properties For Sale ................................................
32
24
-25.0%
Days on Market (Pending Sale) ...........................
51
40
-21.6%
Month’s Supply of Inventory ................................
8
4
-50.0%
Percent Under Contract ........................................
21.9%
33.3%
52.4%
Average Median Price for Last 12 Months ........
$1,293,000
$1,359,173
4.9%
*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.
$1.939
M E D I A N
S A L E S
(in hundred thousands)
$1.652
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$1,359,173
PROPERTIES FOR SALE
24
DAYS ON MARKET**
45
shadow inventory
14
(90064)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Culver City DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$740,000
$810,000
9.5%
Average Price per Square Foot ...........................
$420
$488
16.2%
Properties Sold .......................................................
14
23
64.3%
Properties Pending Sale .......................................
23
22
-4.3%
Properties For Sale ................................................
68
66
-2.9%
Days on Market (Pending Sale) ...........................
69
38
-44.9%
Month’s Supply of Inventory ................................
4.9
2.9
-40.9%
Percent Under Contract ........................................
33.8%
33.3%
-1.4%
Average Median Price for Last 12 Months ........
$632,000
$734,889
14.0%
*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.
$810
M E D I A N
S A L E S
(in hundred thousands)
$740
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$734,889
PROPERTIES FOR SALE
66
DAYS ON MARKET**
47
shadow inventory
16
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Hancock Park - Wilshire DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$1,008,842
$1,128,500
11.9%
Average Price per Square Foot ...........................
$480
$575
19.8%
Properties Sold .......................................................
19
24
26.3%
Properties Pending Sale .......................................
19
18
-5.3%
Properties For Sale ................................................
108
97
-10.2%
Days on Market (Pending Sale) ...........................
61
35
-42.6%
Month’s Supply of Inventory ................................
5.7
4
-28.9%
Percent Under Contract ........................................
17.6%
18.6%
5.5%
Average Median Price for Last 12 Months ........
$924,000
$1,091,916
15.4%
*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
$1.128
$1.008
(in hundred thousands)
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$1,091,916
PROPERTIES FOR SALE
97
DAYS ON MARKET**
64
shadow inventory
21
(90004, 90020)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Hollywood DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$629,000
$678,000
7.8%
Average Price per Square Foot ...........................
$330
$414
25.5%
Properties Sold .......................................................
3
11
266.7%
Properties Pending Sale .......................................
7
4
-42.9%
Properties For Sale ................................................
24
16
-33.3%
Days on Market (Pending Sale) ...........................
43
15
-65.1%
Month’s Supply of Inventory ................................
8
1.5
-81.8%
Percent Under Contract ........................................
29.2%
25.0%
-14.3%
Average Median Price for Last 12 Months ........
$486,000
$693,000
29.9%
*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
S A L E S
$678
$629
(in hundred thousands)
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$693,000
PROPERTIES FOR SALE
16
DAYS ON MARKET**
40
shadow inventory
29
(90028, 90038, 90068)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Hollywood Hills East DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$925,000
$1,077,500
16.5%
Average Price per Square Foot ...........................
$407
$486
19.4%
Properties Sold .......................................................
13
6
-53.8%
Properties Pending Sale .......................................
15
15
0.0%
Properties For Sale ................................................
83
67
-19.3%
Days on Market (Pending Sale) ...........................
115
58
-49.6%
Month’s Supply of Inventory ................................
5.5
11.2
101.8%
Percent Under Contract ........................................
18.1%
22.4%
23.9%
Average Median Price for Last 12 Months ........
$911,000
$1,636,154
44.3%
*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.
$1.077
$925 Jul
Aug
Sep
Oct
Micro Market Report : July 2013
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**
$1,636,154
PROPERTIES FOR SALE
67
DAYS ON MARKET**
68
shadow inventory
5
(90029)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Laurel Canyon DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$913,000
$1,265,000
38.6%
Average Price per Square Foot ...........................
$544
$595
9.4%
Properties Sold .......................................................
23
25
8.7%
Properties Pending Sale .......................................
19
31
63.2%
Properties For Sale ................................................
143
138
-3.5%
Days on Market (Pending Sale) ...........................
57
56
-1.8%
Month’s Supply of Inventory ................................
7.5
5.5
-26.7%
Percent Under Contract ........................................
13.3%
22.5%
69.1%
Average Median Price for Last 12 Months ........
$1,027,000
$1,160,062
11.5%
*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.
S A L E S
(in hundred thousands)
$1.265
P R I C E
yearly trend
M E D I A N
$913
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$1,160,062
PROPERTIES FOR SALE
138
DAYS ON MARKET**
67
shadow inventory
32
(90046)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Los Feliz DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$1,027,250
$1,193,000
16.1%
Average Price per Square Foot ...........................
$571
$588
3.0%
Properties Sold .......................................................
16
26
62.5%
Properties Pending Sale .......................................
15
20
33.3%
Properties For Sale ................................................
95
74
-22.1%
Days on Market (Pending Sale) ...........................
40
55
37.5%
Month’s Supply of Inventory ................................
6.3
2.8
-55.1%
Percent Under Contract ........................................
15.8%
27.0%
71.2%
Average Median Price for Last 12 Months ........
$925,000
$1,733,056
46.6%
*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.
$1.193
$1.027
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
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**
$1,733,056
PROPERTIES FOR SALE
74
DAYS ON MARKET**
54
shadow inventory
22
(90027)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Malibu DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$2,085,000
$1,825,000
-12.5%
Average Price per Square Foot ...........................
$689
$652
-5.4%
Properties Sold .......................................................
11
17
54.5%
Properties Pending Sale .......................................
11
15
36.4%
Properties For Sale ................................................
226
222
-1.8%
Days on Market (Pending Sale) ...........................
156
94
-39.7%
Month’s Supply of Inventory ................................
20.5
13.1
-36.4%
Percent Under Contract ........................................
4.9%
6.8%
38.8%
Average Median Price for Last 12 Months ........
$1,767,000
$1,893,885
6.7%
*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.
S A L E S M E D I A N
$1.825
(in hundred thousands)
$2.085
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$1,893,885
PROPERTIES FOR SALE
222
DAYS ON MARKET**
148
shadow inventory
45
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Malibu Beach DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$9,150,000
$2,218,750
-75.8%
Average Price per Square Foot ...........................
$0
$1,149
%
Properties Sold .......................................................
2
4
100.0%
Properties Pending Sale .......................................
2
5
150.0%
Properties For Sale ................................................
103
83
-19.4%
Days on Market (Pending Sale) ...........................
102
303
197.1%
Month’s Supply of Inventory ................................
51.5
20.8
-59.7%
Percent Under Contract ........................................
1.9%
6.0%
210.2%
Average Median Price for Last 12 Months ........
$6,356,000
$5,354,006
-18.7%
*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.
$2.218
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
M E D I A N
S A L E S
$9.150
(in hundred thousands)
P R I C E
yearly trend
telesintelligence.com
the numbers median sales price**
$5,354,006
PROPERTIES FOR SALE
83
DAYS ON MARKET**
175
shadow inventory
5
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Marina Del Rey DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$857,500
$1,262,500
47.2%
Average Price per Square Foot ...........................
$495
$620
25.3%
Properties Sold .......................................................
5
4
-20.0%
Properties Pending Sale .......................................
5
4
-20.0%
Properties For Sale ................................................
26
21
-19.2%
Days on Market (Pending Sale) ...........................
82
29
-64.6%
Month’s Supply of Inventory ................................
5.2
5.2
1.0%
Percent Under Contract ........................................
19.2%
19.0%
-1.0%
Average Median Price for Last 12 Months ........
$1,095,000
$1,539,302
28.9%
*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
$857
S A L E S
$1.262
(in hundred thousands)
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$1,539,302
PROPERTIES FOR SALE
21
DAYS ON MARKET**
72
shadow inventory
5
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Mid Los Angeles DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$331,000
$655,000
97.9%
Average Price per Square Foot ...........................
$209
$296
41.6%
Properties Sold .......................................................
16
10
-37.5%
Properties Pending Sale .......................................
15
16
6.7%
Properties For Sale ................................................
65
75
15.4%
Days on Market (Pending Sale) ...........................
87
36
-58.6%
Month’s Supply of Inventory ................................
4.1
7.5
84.6%
Percent Under Contract ........................................
23.1%
21.3%
-7.6%
Average Median Price for Last 12 Months ........
$295,000
$387,185
23.8%
*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)
$655
P R I C E
yearly trend
M E D I A N
$331
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$387,185
PROPERTIES FOR SALE
75
DAYS ON MARKET**
45
shadow inventory
43
(90019)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Mid Wilshire DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$393,000
$330,000
-16.0%
Average Price per Square Foot ...........................
$171
$154
-9.9%
Properties Sold .......................................................
1
1
0.0%
Properties Pending Sale .......................................
1
2
100.0%
Properties For Sale ................................................
15
16
6.7%
Days on Market (Pending Sale) ...........................
6
40
566.7%
Month’s Supply of Inventory ................................
15
16
6.7%
Percent Under Contract ........................................
6.7%
12.5%
87.5%
Average Median Price for Last 12 Months ........
$393,000
$436,808
10.0%
*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
$330
S A L E S
$393
(in hundred thousands)
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$436,808
PROPERTIES FOR SALE
16
DAYS ON MARKET**
40
shadow inventory
13
(90036)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Pacific Palisades DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$1,857,500
$2,026,188
9.1%
Average Price per Square Foot ...........................
$707
$767
8.5%
Properties Sold .......................................................
32
36
12.5%
Properties Pending Sale .......................................
23
38
65.2%
Properties For Sale ................................................
164
133
-18.9%
Days on Market (Pending Sale) ...........................
75
48
-36.0%
Month’s Supply of Inventory ................................
5.1
3.7
-27.9%
Percent Under Contract ........................................
14.0%
28.6%
103.7%
Average Median Price for Last 12 Months ........
$1,795,000
$2,160,976
16.9%
*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
S A L E S
(in hundred thousands)
$2.026
$1.857
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$2,160,976
PROPERTIES FOR SALE
133
DAYS ON MARKET**
75
shadow inventory
17
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Palms - Mar Vista DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$793,500
$921,000
16.1%
Average Price per Square Foot ...........................
$521
$588
12.9%
Properties Sold .......................................................
26
29
11.5%
Properties Pending Sale .......................................
27
28
3.7%
Properties For Sale ................................................
84
68
-19.0%
Days on Market (Pending Sale) ...........................
79
33
-58.2%
Month’s Supply of Inventory ................................
3.2
2.3
-27.4%
Percent Under Contract ........................................
32.1%
41.2%
28.1%
Average Median Price for Last 12 Months ........
$751,000
$826,210
9.1%
*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.
$921
M E D I A N
S A L E S
(in hundred thousands)
$793
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$826,210
PROPERTIES FOR SALE
68
DAYS ON MARKET**
44
shadow inventory
42
(90066, 90034)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Playa Del Rey DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$1,173,500
$1,340,000
14.2%
Average Price per Square Foot ...........................
$370
$495
33.8%
Properties Sold .......................................................
4
4
0.0%
Properties Pending Sale .......................................
5
2
-60.0%
Properties For Sale ................................................
18
20
11.1%
Days on Market (Pending Sale) ...........................
102
26
-74.5%
Month’s Supply of Inventory ................................
4.5
5
11.1%
Percent Under Contract ........................................
27.8%
10.0%
-64.0%
Average Median Price for Last 12 Months ........
$914,000
$1,138,423
19.7%
*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.
$1.340
M E D I A N
S A L E S
(in hundred thousands)
$1.173
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$1,138,423
PROPERTIES FOR SALE
20
DAYS ON MARKET**
70
shadow inventory
6
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Playa Vista DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$1,525,000
$1,499,000
-1.7%
Average Price per Square Foot ...........................
$405
$433
6.9%
Properties Sold .......................................................
1
1
0.0%
Properties Pending Sale .......................................
0
4
%
Properties For Sale ................................................
2
10
400.0%
Days on Market (Pending Sale) ...........................
0
27
%
Month’s Supply of Inventory ................................
2
10
400.0%
Percent Under Contract ........................................
0.0%
40.0%
%
Average Median Price for Last 12 Months ........
$1,040,000
$1,159,464
10.3%
*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.
$1.525
M E D I A N
S A L E S
(in hundred thousands)
$1.499
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$1,159,464
PROPERTIES FOR SALE
10
DAYS ON MARKET**
32
shadow inventory
0
(90094)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Santa Monica DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$1,517,500
$2,683,000
76.8%
Average Price per Square Foot ...........................
$764
$1,224
60.2%
Properties Sold .......................................................
20
26
30.0%
Properties Pending Sale .......................................
24
23
-4.2%
Properties For Sale ................................................
109
86
-21.1%
Days on Market (Pending Sale) ...........................
61
33
-45.9%
Month’s Supply of Inventory ................................
5.4
3.3
-39.3%
Percent Under Contract ........................................
22.0%
26.7%
21.5%
Average Median Price for Last 12 Months ........
$1,715,000
$1,966,402
12.8%
*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)
$2.683
P R I C E
yearly trend
M E D I A N
$1.517
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$1,966,402
PROPERTIES FOR SALE
86
DAYS ON MARKET**
56
shadow inventory
16
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Sunset Strip - Hollywood Hills West DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$1,222,750
$1,500,000
22.7%
Average Price per Square Foot ...........................
$574
$622
8.4%
Properties Sold .......................................................
34
30
-11.8%
Properties Pending Sale .......................................
39
36
-7.7%
Properties For Sale ................................................
305
268
-12.1%
Days on Market (Pending Sale) ...........................
68
67
-1.5%
Month’s Supply of Inventory ................................
9
8.9
-0.4%
Percent Under Contract ........................................
12.8%
13.4%
5.1%
Average Median Price for Last 12 Months ........
$1,288,000
$1,432,251
10.1%
*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.
S A L E S
(in hundred thousands)
$1.500
P R I C E
yearly trend
M E D I A N
$1.222
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$1,432,251
PROPERTIES FOR SALE
268
DAYS ON MARKET**
74
shadow inventory
23
(90028, 90068)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Venice DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$1,320,000
$1,250,000
-5.3%
Average Price per Square Foot ...........................
$645
$775
20.2%
Properties Sold .......................................................
15
19
26.7%
Properties Pending Sale .......................................
20
16
-20.0%
Properties For Sale ................................................
91
71
-22.0%
Days on Market (Pending Sale) ...........................
72
28
-61.1%
Month’s Supply of Inventory ................................
6.1
3.7
-38.4%
Percent Under Contract ........................................
22.0%
22.5%
2.5%
Average Median Price for Last 12 Months ........
$1,054,000
$1,299,976
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.
M E D I A N
S A L E S
$1.250
(in hundred thousands)
$1.320
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$1,299,976
PROPERTIES FOR SALE
71
DAYS ON MARKET**
61
shadow inventory
15
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
West Hollywood DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$899,000
$950,750
5.8%
Average Price per Square Foot ...........................
$593
$647
9.1%
Properties Sold .......................................................
13
12
-7.7%
Properties Pending Sale .......................................
9
8
-11.1%
Properties For Sale ................................................
45
45
0.0%
Days on Market (Pending Sale) ...........................
63
41
-34.9%
Month’s Supply of Inventory ................................
3.5
3.8
8.3%
Percent Under Contract ........................................
20.0%
17.8%
-11.1%
Average Median Price for Last 12 Months ........
$927,000
$1,122,558
17.4%
*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
$950
$899
(in hundred thousands)
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$1,122,558
PROPERTIES FOR SALE
45
DAYS ON MARKET**
61
shadow inventory
10
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
West Los Angeles DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$629,500
$900,000
43.0%
Average Price per Square Foot ...........................
$509
$569
11.8%
Properties Sold .......................................................
10
7
-30.0%
Properties Pending Sale .......................................
1
6
500.0%
Properties For Sale ................................................
25
25
0.0%
Days on Market (Pending Sale) ...........................
15
43
186.7%
Month’s Supply of Inventory ................................
2.5
3.6
42.9%
Percent Under Contract ........................................
4.0%
24.0%
500.0%
Average Median Price for Last 12 Months ........
$607,000
$712,397
17.4%
*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.
(in hundred thousands)
$900
P R I C E
yearly trend
M E D I A N
S A L E S
$629
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$712,397
PROPERTIES FOR SALE
25
DAYS ON MARKET**
41
shadow inventory
8
(90025)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Westchester DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$650,000
$767,000
18.0%
Average Price per Square Foot ...........................
$406
$465
14.5%
Properties Sold .......................................................
13
23
76.9%
Properties Pending Sale .......................................
11
24
118.2%
Properties For Sale ................................................
66
60
-9.1%
Days on Market (Pending Sale) ...........................
39
26
-33.3%
Month’s Supply of Inventory ................................
5.1
2.6
-48.6%
Percent Under Contract ........................................
16.7%
40.0%
140.0%
Average Median Price for Last 12 Months ........
$621,000
$700,192
12.8%
*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.
$767
M E D I A N
S A L E S
(in hundred thousands)
$650
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$700,192
PROPERTIES FOR SALE
60
DAYS ON MARKET**
40
shadow inventory
28
(90045)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Westwood - Century City DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$1,297,630
$2,025,500
56.1%
Average Price per Square Foot ...........................
$708
$756
6.8%
Properties Sold .......................................................
16
10
-37.5%
Properties Pending Sale .......................................
12
16
33.3%
Properties For Sale ................................................
80
58
-27.5%
Days on Market (Pending Sale) ...........................
65
26
-60.0%
Month’s Supply of Inventory ................................
5
5.8
16.0%
Percent Under Contract ........................................
15.0%
27.6%
83.9%
Average Median Price for Last 12 Months ........
$1,267,000
$1,381,679
9.1%
*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.
S A L E S
(in hundred thousands)
$2.025
P R I C E
yearly trend
M E D I A N
$1.297
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$1,381,679
PROPERTIES FOR SALE
58
DAYS ON MARKET**
44
shadow inventory
6
(90024, 90067)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
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References
CONTACTS:
Aleksey Tokhner Project Manager, Teles Intelligence aleksey.tokhner@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 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.