Teles intelligence
micro market report orange county 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.
san fern
orange county
south b
Orange County Macro Market
Dana Point
Irvine
Balboa Peninsula
East Bluff - Harbor View
Ladera Ranch
Corona del Mar - Spyglass
East Costa Mesa
Laguna Beach (all areas)
Coto de Caza
Fountain Valley
Laguna Hills
Crystal Cove
Huntington Beach
Laguna Niguel
Micro Market Report : July 2013
telesintelligence.com
nando
san gabriel
bay
los angeles
Long Beach
Newport Heights
Turtle Ridge
Lower Newport Bay - Balboa Island
Rancho Santa Margarita
Turtle Rock
Mission Viejo
San Clemente
West Bay - Santa Ana Heights
Newport Beach (all areas)
San Juan Capistrano
West Newport - Lido
Newport Coast
Shady Canyon
Westminster
July 2013 : Micro Market Report
Orange County DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$529,995
$650,000
22.6%
Average Price per Square Foot ...........................
$327
$379
15.9%
Properties Sold .......................................................
1922
1969
2.4%
Properties Pending Sale .......................................
1844
1838
-0.3%
Properties For Sale ................................................
8,189
6,514
-20.5%
Days on Market (Pending Sale) ...........................
85
43
-49.4%
Month’s Supply of Inventory ................................
4.3
3.3
-22.4%
Percent Under Contract ........................................
22.5%
28.2%
25.3%
Average Median Price for Last 12 Months ........
$492,000
$573,661
16.6%
*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.
$650
M E D I A N
S A L E S
(in hundred thousands)
$529
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
Balboa Peninsula DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$1,612,500
$3,475,000
115.5%
Average Price per Square Foot ...........................
$923
$1,200
30.0%
Properties Sold .......................................................
16
9
-43.8%
Properties Pending Sale .......................................
7
9
28.6%
Properties For Sale ................................................
75
41
-45.3%
Days on Market (Pending Sale) ...........................
189
119
-37.0%
Month’s Supply of Inventory ................................
4.7
4.6
-2.8%
Percent Under Contract ........................................
9.3%
22.0%
135.2%
Average Median Price for Last 12 Months ........
$2,153,000
$1,957,846
-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)
$3.475
P R I C E
yearly trend
M E D I A N
$1.612
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**
$1,957,846
PROPERTIES FOR SALE
41
DAYS ON MARKET**
132
shadow inventory
4
**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
Corona del Mar - Spyglass DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$1,790,000
$2,108,750
17.8%
Average Price per Square Foot ...........................
$800
$765
-4.4%
Properties Sold .......................................................
17
22
29.4%
Properties Pending Sale .......................................
17
17
0.0%
Properties For Sale ................................................
103
79
-23.3%
Days on Market (Pending Sale) ...........................
128
38
-70.3%
Month’s Supply of Inventory ................................
6.1
3.6
-40.7%
Percent Under Contract ........................................
16.5%
21.5%
30.4%
Average Median Price for Last 12 Months ........
$1,792,000
$1,996,500
11.4%
*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
$2.108 $1.790
(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**
$1,996,500
PROPERTIES FOR SALE
79
DAYS ON MARKET**
95
shadow inventory
17
(92625)
**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
Coto de Caza DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$939,500
$980,000
4.3%
Average Price per Square Foot ...........................
$254
$291
14.6%
Properties Sold .......................................................
28
33
17.9%
Properties Pending Sale .......................................
18
20
11.1%
Properties For Sale ................................................
138
130
-5.8%
Days on Market (Pending Sale) ...........................
157
46
-70.7%
Month’s Supply of Inventory ................................
4.9
3.9
-20.1%
Percent Under Contract ........................................
13.0%
15.4%
17.9%
Average Median Price for Last 12 Months ........
$905,000
$967,908
7.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$980
$939
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**
$967,908
PROPERTIES FOR SALE
130
DAYS ON MARKET**
88
shadow inventory
35
**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
Crystal Cove DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$3,325,000
$5,950,000
78.9%
Average Price per Square Foot ...........................
$863
$980
13.6%
Properties Sold .......................................................
2
4
100.0%
Properties Pending Sale .......................................
3
5
66.7%
Properties For Sale ................................................
31
31
0.0%
Days on Market (Pending Sale) ...........................
122
100
-18.0%
Month’s Supply of Inventory ................................
15.5
7.8
-50.0%
Percent Under Contract ........................................
9.7%
16.1%
66.7%
Average Median Price for Last 12 Months ........
$4,064,000
$4,468,654
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
$3.325
S A L E S
$5.950
(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**
$4,468,654
PROPERTIES FOR SALE
31
DAYS ON MARKET**
74
shadow inventory
13
(92657)
**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
Dana Point DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$700,000
$950,000
35.7%
Average Price per Square Foot ...........................
$362
$504
39.2%
Properties Sold .......................................................
37
35
-5.4%
Properties Pending Sale .......................................
32
39
21.9%
Properties For Sale ................................................
247
211
-14.6%
Days on Market (Pending Sale) ...........................
125
58
-53.6%
Month’s Supply of Inventory ................................
6.7
6
-9.7%
Percent Under Contract ........................................
13.0%
18.5%
42.7%
Average Median Price for Last 12 Months ........
$659,000
$792,577
20.3%
*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.
(in hundred thousands)
$950
P R I C E
yearly trend
M E D I A N
S A L E S
$700
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**
$792,577
PROPERTIES FOR SALE
211
DAYS ON MARKET**
96
shadow inventory
31
**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
East Bluff - Harbor View DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$1,360,000
$1,710,000
25.7%
Average Price per Square Foot ...........................
$508
$631
24.2%
Properties Sold .......................................................
33
23
-30.3%
Properties Pending Sale .......................................
23
24
4.3%
Properties For Sale ................................................
134
74
-44.8%
Days on Market (Pending Sale) ...........................
95
54
-43.2%
Month’s Supply of Inventory ................................
4.1
3.2
-20.8%
Percent Under Contract ........................................
17.2%
32.4%
89.0%
Average Median Price for Last 12 Months ........
$1,359,000
$1,491,300
9.7%
*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
(in hundred thousands)
$1.710
P R I C E
yearly trend
M E D I A N
$1.360
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**
$1,491,300
PROPERTIES FOR SALE
74
DAYS ON MARKET**
74
shadow inventory
28
(92660)
**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
East Costa Mesa DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$744,450
$950,000
27.6%
Average Price per Square Foot ...........................
$433
$484
11.8%
Properties Sold .......................................................
16
18
12.5%
Properties Pending Sale .......................................
19
12
-36.8%
Properties For Sale ................................................
71
62
-12.7%
Days on Market (Pending Sale) ...........................
83
30
-63.9%
Month’s Supply of Inventory ................................
4.4
3.4
-22.4%
Percent Under Contract ........................................
26.8%
19.4%
-27.7%
Average Median Price for Last 12 Months ........
$655,000
$772,165
17.9%
*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.
$950
M E D I A N
S A L E S
(in hundred thousands)
$744
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**
$772,165
PROPERTIES FOR SALE
62
DAYS ON MARKET**
87
shadow inventory
19
(92627)
**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
Fountain Valley DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$588,000
$655,000
11.4%
Average Price per Square Foot ...........................
$274
$322
17.5%
Properties Sold .......................................................
31
40
29.0%
Properties Pending Sale .......................................
39
29
-25.6%
Properties For Sale ................................................
113
68
-39.8%
Days on Market (Pending Sale) ...........................
62
27
-56.5%
Month’s Supply of Inventory ................................
3.6
1.7
-53.4%
Percent Under Contract ........................................
34.5%
42.6%
23.6%
Average Median Price for Last 12 Months ........
$545,000
$600,158
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.
$655
M E D I A N
S A L E S
(in hundred thousands)
$588
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**
$600,158
PROPERTIES FOR SALE
68
DAYS ON MARKET**
50
shadow inventory
38
**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
Huntington Beach DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$615,000
$737,000
19.8%
Average Price per Square Foot ...........................
$367
$431
17.4%
Properties Sold .......................................................
127
114
-10.2%
Properties Pending Sale .......................................
115
109
-5.2%
Properties For Sale ................................................
478
382
-20.1%
Days on Market (Pending Sale) ...........................
74
35
-52.7%
Month’s Supply of Inventory ................................
3.8
3.4
-11.0%
Percent Under Contract ........................................
24.1%
28.5%
18.6%
Average Median Price for Last 12 Months ........
$599,000
$656,025
9.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$737
M E D I A N
S A L E S
(in hundred thousands)
$615
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**
$656,025
PROPERTIES FOR SALE
382
DAYS ON MARKET**
64
shadow inventory
124
**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
Irvine DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$820,000
$900,000
9.8%
Average Price per Square Foot ...........................
$396
$456
15.2%
Properties Sold .......................................................
93
115
23.7%
Properties Pending Sale .......................................
99
117
18.2%
Properties For Sale ................................................
416
364
-12.5%
Days on Market (Pending Sale) ...........................
79
44
-44.3%
Month’s Supply of Inventory ................................
4.5
3.2
-29.2%
Percent Under Contract ........................................
23.8%
32.1%
35.1%
Average Median Price for Last 12 Months ........
$701,000
$830,060
18.4%
*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.
$900
M E D I A N
S A L E S
(in hundred thousands)
$820
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**
$830,060
PROPERTIES FOR SALE
364
DAYS ON MARKET**
64
shadow inventory
103
**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
Ladera Ranch DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$634,500
$832,500
31.2%
Average Price per Square Foot ...........................
$256
$317
23.8%
Properties Sold .......................................................
36
36
0.0%
Properties Pending Sale .......................................
34
32
-5.9%
Properties For Sale ................................................
133
136
2.3%
Days on Market (Pending Sale) ...........................
66
53
-19.7%
Month’s Supply of Inventory ................................
3.7
3.8
2.3%
Percent Under Contract ........................................
25.6%
23.5%
-8.0%
Average Median Price for Last 12 Months ........
$641,000
$756,398
18.0%
*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.
(in hundred thousands)
$832
P R I C E
yearly trend
M E D I A N
S A L E S
$634
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**
$756,398
PROPERTIES FOR SALE
136
DAYS ON MARKET**
80
shadow inventory
19
**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
Laguna Beach DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$1,437,500
$1,770,000
23.1%
Average Price per Square Foot ...........................
$1,019
$924
-9.3%
Properties Sold .......................................................
38
30
-21.1%
Properties Pending Sale .......................................
43
29
-32.6%
Properties For Sale ................................................
290
258
-11.0%
Days on Market (Pending Sale) ...........................
120
102
-15.0%
Month’s Supply of Inventory ................................
7.6
8.6
12.7%
Percent Under Contract ........................................
14.8%
11.2%
-24.2%
Average Median Price for Last 12 Months ........
$1,245,000
$1,484,669
19.3%
*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.
$1.770
M E D I A N
S A L E S
(in hundred thousands)
$1.437
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**
$1,484,669
PROPERTIES FOR SALE
258
DAYS ON MARKET**
106
shadow inventory
31
**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
Laguna Niguel DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$652,500
$755,000
15.7%
Average Price per Square Foot ...........................
$301
$370
22.9%
Properties Sold .......................................................
70
67
-4.3%
Properties Pending Sale .......................................
67
62
-7.5%
Properties For Sale ................................................
302
215
-28.8%
Days on Market (Pending Sale) ...........................
106
48
-54.7%
Month’s Supply of Inventory ................................
4.3
3.2
-25.6%
Percent Under Contract ........................................
22.2%
28.8%
30.0%
Average Median Price for Last 12 Months ........
$639,000
$700,669
9.7%
*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.
$755
M E D I A N
S A L E S
(in hundred thousands)
$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**
$700,669
PROPERTIES FOR SALE
215
DAYS ON MARKET**
74
shadow inventory
70
**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
Laguna Hills DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$502,000
$780,000
55.4%
Average Price per Square Foot ...........................
$265
$343
29.4%
Properties Sold .......................................................
23
23
0.0%
Properties Pending Sale .......................................
19
27
42.1%
Properties For Sale ................................................
95
92
-3.2%
Days on Market (Pending Sale) ...........................
81
48
-40.7%
Month’s Supply of Inventory ................................
4.1
4
-3.2%
Percent Under Contract ........................................
20.0%
29.3%
46.7%
Average Median Price for Last 12 Months ........
$548,000
$666,535
21.6%
*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)
$780
P R I C E
yearly trend
M E D I A N
$502
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**
$666,535
PROPERTIES FOR SALE
92
DAYS ON MARKET**
63
shadow inventory
42
**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
Laguna Woods DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$0
$617,000
%
Average Price per Square Foot ...........................
$0
$346
%
Properties Sold .......................................................
0
1
%
Properties Pending Sale .......................................
0
0
%
Properties For Sale ................................................
0
0
%
Days on Market (Pending Sale) ...........................
0
0
%
0
%
Month’s Supply of Inventory ................................ Percent Under Contract ........................................
%
%
%
Average Median Price for Last 12 Months ........
$594,000
$593,667
-0.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$617
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**
$593,667
PROPERTIES FOR SALE
0
DAYS ON MARKET**
28
shadow inventory
2
**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
Lower Newport Bay - Balboa Island DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$1,975,500
$3,995,000
102.2%
Average Price per Square Foot ...........................
$858
$1,463
70.5%
Properties Sold .......................................................
10
2
-80.0%
Properties Pending Sale .......................................
7
5
-28.6%
Properties For Sale ................................................
55
36
-34.5%
Days on Market (Pending Sale) ...........................
121
67
-44.6%
Month’s Supply of Inventory ................................
5.5
18
227.3%
Percent Under Contract ........................................
12.7%
13.9%
9.1%
Average Median Price for Last 12 Months ........
$1,958,000
$2,431,923
24.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$3.995
P R I C E
yearly trend
M E D I A N
$1.975
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**
$2,431,923
PROPERTIES FOR SALE
36
DAYS ON MARKET**
104
shadow inventory
16
(92662, 92663)
**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
Mission Viejo DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$535,000
$618,000
15.5%
Average Price per Square Foot ...........................
$253
$316
24.9%
Properties Sold .......................................................
97
106
9.3%
Properties Pending Sale .......................................
105
113
7.6%
Properties For Sale ................................................
306
296
-3.3%
Days on Market (Pending Sale) ...........................
76
35
-53.9%
Month’s Supply of Inventory ................................
3.2
2.8
-11.5%
Percent Under Contract ........................................
34.3%
38.2%
11.3%
Average Median Price for Last 12 Months ........
$481,000
$559,365
16.3%
*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.
$618
M E D I A N
S A L E S
(in hundred thousands)
$535
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**
$559,365
PROPERTIES FOR SALE
296
DAYS ON MARKET**
56
shadow inventory
131
**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
Newport Beach DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$1,467,500
$1,675,000
14.1%
Average Price per Square Foot ...........................
$616
$758
23.1%
Properties Sold .......................................................
82
63
-23.2%
Properties Pending Sale .......................................
58
58
0.0%
Properties For Sale ................................................
435
275
-36.8%
Days on Market (Pending Sale) ...........................
111
61
-45.0%
Month’s Supply of Inventory ................................
5.3
4.4
-17.7%
Percent Under Contract ........................................
13.3%
21.1%
58.2%
Average Median Price for Last 12 Months ........
$1,324,000
$1,553,942
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.
$1.675
M E D I A N
S A L E S
(in hundred thousands)
$1.467
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**
$1,553,942
PROPERTIES FOR SALE
275
DAYS ON MARKET**
93
shadow inventory
49
**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
Newport Coast DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$1,580,000
$3,007,500
90.3%
Average Price per Square Foot ...........................
$666
$832
24.9%
Properties Sold .......................................................
13
14
7.7%
Properties Pending Sale .......................................
23
15
-34.8%
Properties For Sale ................................................
138
99
-28.3%
Days on Market (Pending Sale) ...........................
145
67
-53.8%
Month’s Supply of Inventory ................................
10.6
7.1
-33.4%
Percent Under Contract ........................................
16.7%
15.2%
-9.1%
Average Median Price for Last 12 Months ........
$1,853,000
$2,675,000
44.4%
*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.
S A L E S
(in hundred thousands)
$3.007
P R I C E
yearly trend
M E D I A N
$1.580
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**
$2,675,000
PROPERTIES FOR SALE
99
DAYS ON MARKET**
89
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
Newport Heights DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$1,475,000
$1,350,000
-8.5%
Average Price per Square Foot ...........................
$490
$574
17.1%
Properties Sold .......................................................
7
7
0.0%
Properties Pending Sale .......................................
3
6
100.0%
Properties For Sale ................................................
31
33
6.5%
Days on Market (Pending Sale) ...........................
99
16
-83.8%
Month’s Supply of Inventory ................................
4.4
4.7
6.5%
Percent Under Contract ........................................
9.7%
18.2%
87.9%
Average Median Price for Last 12 Months ........
$1,108,000
$1,443,667
30.3%
*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
$1.350
S A L E S
$1.475
(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**
$1,443,667
PROPERTIES FOR SALE
33
DAYS ON MARKET**
71
shadow inventory
16
(92663)
**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
Rancho Santa Margarita DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$522,750
$647,725
23.9%
Average Price per Square Foot ...........................
$245
$310
26.5%
Properties Sold .......................................................
52
46
-11.5%
Properties Pending Sale .......................................
49
49
0.0%
Properties For Sale ................................................
153
143
-6.5%
Days on Market (Pending Sale) ...........................
96
29
-69.8%
Month’s Supply of Inventory ................................
2.9
3.1
5.7%
Percent Under Contract ........................................
32.0%
34.3%
7.0%
Average Median Price for Last 12 Months ........
$502,000
$575,690
14.7%
*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.
$647
M E D I A N
S A L E S
(in hundred thousands)
$522
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**
$575,690
PROPERTIES FOR SALE
143
DAYS ON MARKET**
61
shadow inventory
43
**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
San Clemente DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$680,000
$812,500
19.5%
Average Price per Square Foot ...........................
$319
$364
14.1%
Properties Sold .......................................................
71
62
-12.7%
Properties Pending Sale .......................................
69
58
-15.9%
Properties For Sale ................................................
324
320
-1.2%
Days on Market (Pending Sale) ...........................
92
46
-50.0%
Month’s Supply of Inventory ................................
4.6
5.2
13.1%
Percent Under Contract ........................................
21.3%
18.1%
-14.9%
Average Median Price for Last 12 Months ........
$658,000
$748,304
13.7%
*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.
$812
M E D I A N
S A L E S
(in hundred thousands)
$680
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**
$748,304
PROPERTIES FOR SALE
320
DAYS ON MARKET**
72
shadow inventory
88
**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
San Juan Capistrano DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$620,000
$751,700
21.2%
Average Price per Square Foot ...........................
$278
$336
20.9%
Properties Sold .......................................................
37
35
-5.4%
Properties Pending Sale .......................................
29
34
17.2%
Properties For Sale ................................................
152
149
-2.0%
Days on Market (Pending Sale) ...........................
99
73
-26.3%
Month’s Supply of Inventory ................................
4.1
4.3
3.6%
Percent Under Contract ........................................
19.1%
22.8%
19.6%
Average Median Price for Last 12 Months ........
$579,000
$679,150
17.3%
*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.
(in hundred thousands)
$751
P R I C E
yearly trend
M E D I A N
S A L E S
$620
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**
$679,150
PROPERTIES FOR SALE
149
DAYS ON MARKET**
75
shadow inventory
33
**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
Shady Canyon DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$4,887,500
$4,300,000
-12.0%
Average Price per Square Foot ...........................
$660
$717
8.6%
Properties Sold .......................................................
2
1
-50.0%
Properties Pending Sale .......................................
0
0
%
Properties For Sale ................................................
24
8
-66.7%
Days on Market (Pending Sale) ...........................
0
0
%
Month’s Supply of Inventory ................................
12
8
-33.3%
Percent Under Contract ........................................
0.0%
0.0%
%
Average Median Price for Last 12 Months ........
$4,310,000
$5,263,750
22.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$4.300
S A L E S
$4.887
(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**
$5,263,750
PROPERTIES FOR SALE
8
DAYS ON MARKET**
124
shadow inventory
0
**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
Turtle Ridge DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$1,794,000
$1,980,000
10.4%
Average Price per Square Foot ...........................
$553
$660
19.3%
Properties Sold .......................................................
8
7
-12.5%
Properties Pending Sale .......................................
5
3
-40.0%
Properties For Sale ................................................
31
21
-32.3%
Days on Market (Pending Sale) ...........................
155
29
-81.3%
Month’s Supply of Inventory ................................
3.9
3
-22.6%
Percent Under Contract ........................................
16.1%
14.3%
-11.4%
Average Median Price for Last 12 Months ........
$1,884,000
$2,031,346
7.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.980
$1.794
(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**
$2,031,346
PROPERTIES FOR SALE
21
DAYS ON MARKET**
87
shadow inventory
18
(92603)
**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
Turtle Rock DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$1,075,000
$0
-100.0%
Average Price per Square Foot ...........................
$529
$0
-100.0%
Properties Sold .......................................................
7
0
-100.0%
Properties Pending Sale .......................................
5
1
-80.0%
Properties For Sale ................................................
28
7
-75.0%
Days on Market (Pending Sale) ...........................
141
13
-90.8%
Month’s Supply of Inventory ................................
4
Percent Under Contract ........................................
17.9%
14.3%
-20.0%
Average Median Price for Last 12 Months ........
$1,039,000
$1,080,682
4.0%
%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E
yearly trend
M E D I A N
S A L E S
(in hundred thousands)
$1.075
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**
$1,080,682
PROPERTIES FOR SALE
7
DAYS ON MARKET**
87
shadow inventory
0
**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
Westminster DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$390,000
$525,500
34.7%
Average Price per Square Foot ...........................
$271
$308
13.7%
Properties Sold .......................................................
45
45
0.0%
Properties Pending Sale .......................................
47
38
-19.1%
Properties For Sale ................................................
166
124
-25.3%
Days on Market (Pending Sale) ...........................
68
33
-51.5%
Month’s Supply of Inventory ................................
3.7
2.8
-25.3%
Percent Under Contract ........................................
28.3%
30.6%
8.2%
Average Median Price for Last 12 Months ........
$389,000
$444,840
14.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
(in hundred thousands)
$525
P R I C E
yearly trend
M E D I A N
S A L E S
$390
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**
$444,840
PROPERTIES FOR SALE
124
DAYS ON MARKET**
44
shadow inventory
75
**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 Bay - Santa Ana Heights DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$1,367,500
$1,500,000
9.7%
Average Price per Square Foot ...........................
$475
$574
20.8%
Properties Sold .......................................................
9
13
44.4%
Properties Pending Sale .......................................
9
7
-22.2%
Properties For Sale ................................................
69
37
-46.4%
Days on Market (Pending Sale) ...........................
60
52
-13.3%
Month’s Supply of Inventory ................................
7.7
2.8
-62.9%
Percent Under Contract ........................................
13.0%
18.9%
45.0%
Average Median Price for Last 12 Months ........
$1,137,000
$1,277,746
12.4%
*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.
$1.500
M E D I A N
S A L E S
(in hundred thousands)
$1.367
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**
$1,277,746
PROPERTIES FOR SALE
37
DAYS ON MARKET**
87
shadow inventory
28
(92660)
**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 Newport - Lido DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$1,400,000
$1,317,500
-5.9%
Average Price per Square Foot ...........................
$614
$996
62.2%
Properties Sold .......................................................
7
8
14.3%
Properties Pending Sale .......................................
9
5
-44.4%
Properties For Sale ................................................
71
52
-26.8%
Days on Market (Pending Sale) ...........................
137
75
-45.3%
Month’s Supply of Inventory ................................
10.1
6.5
-35.9%
Percent Under Contract ........................................
12.7%
9.6%
-24.1%
Average Median Price for Last 12 Months ........
$1,283,000
$1,779,000
38.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.317
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 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$1,779,000
PROPERTIES FOR SALE
52
DAYS ON MARKET**
117
shadow inventory
16
(92663)
**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
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:
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.