Teles intelligence
micro market report los angeles JUNE 2012 | SINGLE FAMILY HOMES REPORT
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
Median Price:
Days of market (Pending Sale):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
Month’s Supply of Inventory:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
Average Price per Square Foot:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
Percent Under Contract:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
Properties Sold:
The number of property transactions
Average Median Price for Last 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
Properties Pending Sale:
ending in the identified month
The number of properties that entered escrow in preparation for sale.
Shadow Inventory:
Properties in Pre-Foreclosure, Bank Properties For Sale:
Owned or Auction as identified by
The number of properties on the
ForeclosureRadar.com
market and seeking buyers.
los angeles
orange
san gab
Los Angeles Macro Market
Brentwood
Los Feliz
Bel Air - Holmby Hills
Cheviot Hills - Rancho Park
Malibu
Beverly Center - Miracle Mile
Culver City
Malibu Beach
Beverly Hills
Hancock Park - Wilshire
Marina del Rey
Beverly Hills P.O.
Hollywood
Mid Los Angeles
Beverlywood
Hollywood Hills East
Mid Wilshire
Micro Market Report : June 2012
telesintelligence.com
e county
san fernando
briel
south bay Pacific Palisades
Venice
Palms - Mar Vista
West Hollywood
Playa del Rey
West Los Angeles
Playa Vista
Westchester
Santa Monica
Westwood - Century City
Sunset Strip - Hollywood Hills West
June 2012 : Micro Market Report
Los Angeles Macro Market DATA *
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$1,162,004
$1,375,187
18.3%
Average Price per Square Foot ...........................
$604
$582
-3.7%
Properties Sold .......................................................
364
388
6.6%
Properties Pending Sale .......................................
372
488
31.2%
Properties For Sale ................................................
3380
2479
-26.7%
Days on Market (Pending Sale) ...........................
80
50
-38.2%
Month’s Supply of Inventory ................................
9.3
6.4
-31.2%
Percent Under Contract ........................................
11.0%
19.7%
78.9%
Average Median Price for Last 12 Months ........
$1,286,500
$1,333,140
3.5%
*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)
$1.375
P R I C E
yearly trend
M E D I A N
$1.162
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
Bel Air - Holmby Hil s DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$1,700,000
$3,255,000
91.5%
Average Price per Square Foot ...........................
$650
$834
28.3%
Properties Sold .......................................................
18
16
-11.1%
Properties Pending Sale .......................................
13
16
23.1%
Properties For Sale ................................................
172
133
-22.7%
Days on Market (Pending Sale) ...........................
92
41
-55.4%
Month’s Supply of Inventory ................................
9.6
8.3
-13.0%
Percent Under Contract ........................................
7.6%
12.0%
59.2%
Average Median Price for Last 12 Months ........
$1,632,000
$1,868,591
12.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$3.255
P R I C E
yearly trend
M E D I A N
$1.700
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$1,753,057
PROPERTIES FOR SALE
133
DAYS ON MARKET**
86
shadow inventory
36
(90077 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Beverly Center - Miracle Mile DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$1,097,000
$827,500
-24.6%
Average Price per Square Foot ...........................
$515
$496
-3.7%
Properties Sold .......................................................
19
12
-36.8%
Properties Pending Sale .......................................
19
16
-15.8%
Properties For Sale ................................................
120
76
-36.7%
Days on Market (Pending Sale) ...........................
45
32
-28.9%
Month’s Supply of Inventory ................................
6.3
6.3
0.3%
Percent Under Contract ........................................
15.8%
21.1%
33.0%
Average Median Price for Last 12 Months ........
$925,000
$911,269
-1.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$828
S A L E S
$1.097
(in hundred thousands)
P R I C E
yearly trend
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$911,269
PROPERTIES FOR SALE
76
DAYS ON MARKET**
43
SHADOW INVENTORY
22
(90048 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Beverly Hil s DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$2,480,000
$3,650,000
47.2%
Average Price per Square Foot ...........................
$1,357
$910
-32.9%
Properties Sold .......................................................
13
17
30.8%
Properties Pending Sale .......................................
15
13
-13.3%
Properties For Sale ................................................
167
142
-15.0%
Days on Market (Pending Sale) ...........................
95
65
-31.6%
Month’s Supply of Inventory ................................
12.8
8.4
-35.0%
Percent Under Contract ........................................
9.0%
9.2%
1.9%
Average Median Price for Last 12 Months ........
$2,822,000
$3,611,346
21.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$2.480
JUN
S A L E S M E D I A N
$3.650
(in hundred thousands)
P R I C E
yearly trend
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$3,611,346
PROPERTIES FOR SALE
142
DAYS ON MARKET**
93
SHADOW INVENTORY
84
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Beverly Hil s P.O. DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$2,285,000
$1,802,500
-21.1%
Average Price per Square Foot ...........................
$626
$643
2.7%
Properties Sold .......................................................
13
12
-7.7%
Properties Pending Sale .......................................
15
18
20.0%
Properties For Sale ................................................
185
137
-25.9%
Days on Market (Pending Sale) ...........................
128
68
-46.9%
Month’s Supply of Inventory ................................
14.2
11.4
-19.8%
Percent Under Contract ........................................
8.1%
13.1%
62.0%
Average Median Price for Last 12 Months ........
$1,933,000
$2,026,442
4.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.803
S A L E S
$2.285
(in hundred thousands)
P R I C E
yearly trend
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$2,026,442
PROPERTIES FOR SALE
137
DAYS ON MARKET**
92
Shadow inventory
66
(90210 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Beverlywood DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$805,000
$730,000
-9.3%
Average Price per Square Foot ...........................
$470
$480
2.1%
Properties Sold .......................................................
13
8
-38.5%
Properties Pending Sale .......................................
15
20
33.3%
Properties For Sale ................................................
93
63
-32.3%
Days on Market (Pending Sale) ...........................
35
37
5.7%
Month’s Supply of Inventory ................................
7.2
7.9
10.1%
Percent Under Contract ........................................
16.1%
31.7%
96.8%
Average Median Price for Last 12 Months ........
$774,000
$762,990
-1.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$730
S A L E S
$805
(in hundred thousands)
P R I C E
yearly trend
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$762,990
PROPERTIES FOR SALE
63
DAYS ON MARKET**
48
Shadow inventory
37
(90035 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Brentwood DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$1,900,000
$1,650,000
-13.2%
Average Price per Square Foot ...........................
$774
$631
-18.5%
Properties Sold .......................................................
27
27
0.0%
Properties Pending Sale .......................................
17
32
88.2%
Properties For Sale ................................................
171
141
-17.5%
Days on Market (Pending Sale) ...........................
100
68
-32.0%
Month’s Supply of Inventory ................................
6.3
5.2
-17.5%
Percent Under Contract ........................................
9.9%
22.7%
128.3%
Average Median Price for Last 12 Months ........
$1,845,000
$1,830,885
-0.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.650
S A L E S
$1.900
(in hundred thousands)
P R I C E
yearly trend
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$1,830,885
PROPERTIES FOR SALE
141
DAYS ON MARKET**
73
Shadow Inventory
52 (90049 Zip Code) **12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Cheviot Hil s - Rancho Park DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$1,125,000
$1,430,000
27.1%
Average Price per Square Foot ...........................
$625
$544
-13.0%
Properties Sold .......................................................
3
8
166.7%
Properties Pending Sale .......................................
6
7
16.7%
Properties For Sale ................................................
49
28
-42.9%
Days on Market (Pending Sale) ...........................
110
41
-62.7%
Month’s Supply of Inventory ................................
16.3
3.5
-78.6%
Percent Under Contract ........................................
12.2%
25.0%
104.2%
Average Median Price for Last 12 Months ........
$1,196,000
$1,256,412
4.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$1.430
P R I C E
yearly trend
M E D I A N
$1.125
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$1,256,412
PROPERTIES FOR SALE
28
DAYS ON MARKET**
58
SHADOW INVENTORY
52
(90064 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Culver City DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$548,750
$680,000
23.9%
Average Price per Square Foot ...........................
$434
$451
3.9%
Properties Sold .......................................................
6
16
166.7%
Properties Pending Sale .......................................
8
18
125.0%
Properties For Sale ................................................
79
57
-27.8%
Days on Market (Pending Sale) ...........................
31
33
6.5%
Month’s Supply of Inventory ................................
13.2
3.6
-72.9%
Percent Under Contract ........................................
10.1%
31.6%
211.8%
Average Median Price for Last 12 Months ........
$671,000
$613,990
-9.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$549
S A L E S
$680
(in hundred thousands)
P R I C E
yearly trend
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$613,990
PROPERTIES FOR SALE
57
DAYS ON MARKET**
47
SHADOW INVENTORY
51
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Hancock Park - Wilshire DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$950,000
$927,000
-2.4%
Average Price per Square Foot ...........................
$506
$418
-17.4%
Properties Sold .......................................................
17
15
-11.8%
Properties Pending Sale .......................................
18
15
-16.7%
Properties For Sale ................................................
163
95
-41.7%
Days on Market (Pending Sale) ...........................
55
53
-3.6%
Month’s Supply of Inventory ................................
9.6
6.3
-33.9%
Percent Under Contract ........................................
11.0%
15.8%
43.0%
Average Median Price for Last 12 Months ........
$1,012,000
$932,654
-8.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$927
S A L E S
$950
(in hundred thousands)
P R I C E
yearly trend
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$932,654
PROPERTIES FOR SALE
95
DAYS ON MARKET**
59
shadow inventory
57
(90004, 90020 Zip Codes)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Hollywood DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$340,000
$314,500
-7.5%
Average Price per Square Foot ...........................
$267
$339
27.0%
Properties Sold .......................................................
5
6
20.0%
Properties Pending Sale .......................................
3
5
66.7%
Properties For Sale ................................................
33
17
-48.5%
Days on Market (Pending Sale) ...........................
48
13
-72.9%
Month’s Supply of Inventory ................................
6.6
2.8
-57.1%
Percent Under Contract ........................................
9.1%
29.4%
223.5%
Average Median Price for Last 12 Months ........
$475,000
$463,423
-2.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$340
JUN
$315
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
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**
$463,423
PROPERTIES FOR SALE
17
DAYS ON MARKET**
43
shadow inventory
108
(90028, 90038, 90068 Zip Codes)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Hollywood Hil s East DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$793,500
$900,000
13.4%
Average Price per Square Foot ...........................
$397
$524
32.0%
Properties Sold .......................................................
17
9
-47.1%
Properties Pending Sale .......................................
8
14
75.0%
Properties For Sale ................................................
99
68
-31.3%
Days on Market (Pending Sale) ...........................
72
32
-55.6%
Month’s Supply of Inventory ................................
12.4
7.6
-38.9%
Percent Under Contract ........................................
8.1%
20.6%
154.8%
Average Median Price for Last 12 Months ........
$872,000
$895,077
2.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$900
$794
(in hundred thousands)
P R I C E
yearly trend
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$895,077
PROPERTIES FOR SALE
68
DAYS ON MARKET**
59
shadow inventory
41
(90029 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Los Feliz DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$1,040,000
$882,500
-15.1%
Average Price per Square Foot ...........................
$499
$487
-2.4%
Properties Sold .......................................................
10
16
60.0%
Properties Pending Sale .......................................
16
17
6.3%
Properties For Sale ................................................
122
77
-36.9%
Days on Market (Pending Sale) ...........................
45
45
0.0%
Month’s Supply of Inventory ................................
7.6
4.8
-36.9%
Percent Under Contract ........................................
13.1%
22.1%
68.3%
Average Median Price for Last 12 Months ........
$959,000
$951,556
-0.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$883
S A L E S
$1.040
(in hundred thousands)
P R I C E
yearly trend
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$951,556
PROPERTIES FOR SALE
77
DAYS ON MARKET**
51
shadow inventory
41
(90027 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Malibu DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$1,625,000
$1,620,000
-0.3%
Average Price per Square Foot ...........................
$766
$678
-11.5%
Properties Sold .......................................................
15
16
6.7%
Properties Pending Sale .......................................
14
17
21.4%
Properties For Sale ................................................
312
222
-28.8%
Days on Market (Pending Sale) ...........................
148
148
0.0%
Month’s Supply of Inventory ................................
20.8
13.9
-33.3%
Percent Under Contract ........................................
4.5%
7.7%
70.7%
Average Median Price for Last 12 Months ........
$2,012,000
$1,718,155
-17.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.620
S A L E S
$1.625
(in hundred thousands)
P R I C E
yearly trend
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$1,718,155
PROPERTIES FOR SALE
222
DAYS ON MARKET**
140
SHADOW INVENTORY
73
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Malibu Beach DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$2,950,000
$5,534,375
87.6%
Average Price per Square Foot ...........................
$1,672
$1,764
5.5%
Properties Sold .......................................................
4
6
50.0%
Properties Pending Sale .......................................
2
3
50.0%
Properties For Sale ................................................
118
100
-15.3%
Days on Market (Pending Sale) ...........................
398
26
-93.5%
Month’s Supply of Inventory ................................
29.5
16.7
-43.5%
Percent Under Contract ........................................
1.7%
3.0%
77.0%
Average Median Price for Last 12 Months ........
$4,865,000
$5,793,031
16.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
JUN
M E D I A N
$2.950
S A L E S
$5.534
(in hundred thousands)
P R I C E
yearly trend
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$5,347,413
PROPERTIES FOR SALE
100
DAYS ON MARKET**
190
SHADOW INVENTORY
11
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Marina del Rey DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$1,277,000
$518,800
-59.4%
Average Price per Square Foot ...........................
$502
$536
6.8%
Properties Sold .......................................................
2
1
-50.0%
Properties Pending Sale .......................................
2
10
400.0%
Properties For Sale ................................................
42
30
-28.6%
Days on Market (Pending Sale) ...........................
83
61
-26.5%
Month’s Supply of Inventory ................................
21.0
30.0
42.9%
Percent Under Contract ........................................
4.8%
33.3%
600.0%
Average Median Price for Last 12 Months ........
$1,382,000
$1,188,505
-16.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$519
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
M E D I A N
S A L E S
$1.277
(in hundred thousands)
P R I C E
yearly trend
telesintelligence.com
the numbers median sales price**
$1,005,658
PROPERTIES FOR SALE
30
DAYS ON MARKET**
70
SHADOW INVENTORY
8
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Mid Los Angeles DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$375,000
$316,500
-15.6%
Average Price per Square Foot ...........................
$193
$209
8.3%
Properties Sold .......................................................
15
23
53.3%
Properties Pending Sale .......................................
21
28
33.3%
Properties For Sale ................................................
136
72
-47.1%
Days on Market (Pending Sale) ...........................
52
49
-5.8%
Month’s Supply of Inventory ................................
9.1
3.1
-65.5%
Percent Under Contract ........................................
15.4%
38.9%
151.9%
Average Median Price for Last 12 Months ........
$308,000
$297,846
-3.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$317
S A L E S
$375
(in hundred thousands)
P R I C E
yearly trend
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$297,846
PROPERTIES FOR SALE
72
DAYS ON MARKET**
57
shadow inventory
134 (90019 Zip Code) **12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Mid Wilshire DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$435,000
$393,750
-9.5%
Average Price per Square Foot ...........................
$322
$247
-23.3%
Properties Sold .......................................................
1
6
500.0%
Properties Pending Sale .......................................
9
3
-66.7%
Properties For Sale ................................................
36
14
-61.1%
Days on Market (Pending Sale) ...........................
51
25
-51.0%
Month’s Supply of Inventory ................................
36.0
2.3
-93.5%
Percent Under Contract ........................................
25.0%
21.4%
-14.3%
Average Median Price for Last 12 Months ........
$445,000
$398,834
-11.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$435
M E D I A N
S A L E S
(in hundred thousands)
$394
P R I C E
yearly trend
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$374,116
PROPERTIES FOR SALE
14
DAYS ON MARKET**
22
shadow inventory
35
(90036 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Pacific Palisades DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$1,679,375
$1,635,000
-2.6%
Average Price per Square Foot ...........................
$658
$701
6.5%
Properties Sold .......................................................
34
25
-26.5%
Properties Pending Sale .......................................
23
42
82.6%
Properties For Sale ................................................
208
183
-12.0%
Days on Market (Pending Sale) ...........................
36
40
11.1%
Month’s Supply of Inventory ................................
6.1
7.3
19.7%
Percent Under Contract ........................................
11.1%
23.0%
107.6%
Average Median Price for Last 12 Months ........
$1,798,000
$1,776,797
-1.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.635
S A L E S
$1.679
(in hundred thousands)
P R I C E
yearly trend
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$1,776,797
PROPERTIES FOR SALE
183
DAYS ON MARKET**
61
SHADOW INVENTORY
38
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Palms - Mar Vista DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$701,000
$805,000
14.8%
Average Price per Square Foot ...........................
$503
$508
1.0%
Properties Sold .......................................................
15
37
146.7%
Properties Pending Sale .......................................
23
31
34.8%
Properties For Sale ................................................
133
78
-41.4%
Days on Market (Pending Sale) ...........................
41
32
-22.0%
Month’s Supply of Inventory ................................
8.9
2.1
-76.2%
Percent Under Contract ........................................
17.3%
39.7%
129.8%
Average Median Price for Last 12 Months ........
$743,000
$739,115
-0.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$805
P R I C E
yearly trend
M E D I A N
$701
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$739,115
PROPERTIES FOR SALE
78
DAYS ON MARKET**
50
shadow inventory
100
(90066, 90034 Zip Codes)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Playa del Rey DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$837,000
$868,000
3.7%
Average Price per Square Foot ...........................
$302
$491
62.6%
Properties Sold .......................................................
3
5
66.7%
Properties Pending Sale .......................................
4
3
-25.0%
Properties For Sale ................................................
32
18
-43.8%
Days on Market (Pending Sale) ...........................
78
32
-59.0%
Month’s Supply of Inventory ................................
10.7
3.6
-66.3%
Percent Under Contract ........................................
12.5%
16.7%
33.3%
Average Median Price for Last 12 Months ........
$1,033,000
$885,688
-16.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$868
$837
(in hundred thousands)
P R I C E
yearly trend
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$817,558
PROPERTIES FOR SALE
18
DAYS ON MARKET**
54
SHADOW INVENTORY
14
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Playa Vista DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$0
$1,385,000
N/A
Average Price per Square Foot ...........................
$0
$401
N/A
Properties Sold .......................................................
0
1
N/A
Properties Pending Sale .......................................
1
3
200.0%
Properties For Sale ................................................
5
6
20.0%
Days on Market (Pending Sale) ...........................
48
75
56.3%
Month’s Supply of Inventory ................................
N/A
6.0
N/A
Percent Under Contract ........................................
20.0%
50.0%
150.0%
Average Median Price for Last 12 Months ........
$1,023,000
$970,679
-5.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$1.385
P R I C E
yearly trend
$0 JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$522,673
PROPERTIES FOR SALE
6
DAYS ON MARKET**
25
shadow inventory
1
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Santa Monica DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$1,747,050
$1,825,000
4.5%
Average Price per Square Foot ...........................
$1,014
$768
-24.3%
Properties Sold .......................................................
13
21
61.5%
Properties Pending Sale .......................................
17
19
11.8%
Properties For Sale ................................................
147
114
-22.4%
Days on Market (Pending Sale) ...........................
78
30
-61.5%
Month’s Supply of Inventory ................................
11.3
5.4
-52.0%
Percent Under Contract ........................................
11.6%
16.7%
44.1%
Average Median Price for Last 12 Months ........
$1,604,000
$1,729,739
7.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.825
$1.747
(in hundred thousands)
P R I C E
yearly trend
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$1,729,739
PROPERTIES FOR SALE
114
DAYS ON MARKET**
57
SHADOW INVENTORY
37
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Sunset Strip - Hollywood Hil s West DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$1,024,500
$1,690,000
65.0%
Average Price per Square Foot ...........................
$537
$577
7.4%
Properties Sold .......................................................
36
34
-5.6%
Properties Pending Sale .......................................
32
42
31.3%
Properties For Sale ................................................
319
289
-9.4%
Days on Market (Pending Sale) ...........................
75
56
-25.3%
Month’s Supply of Inventory ................................
8.9
8.5
-4.1%
Percent Under Contract ........................................
10.0%
14.5%
44.9%
Average Median Price for Last 12 Months ........
$1,281,000
$1,271,131
-0.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$1.690
P R I C E
yearly trend
M E D I A N
$1.025
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$1,271,131
PROPERTIES FOR SALE
289
DAYS ON MARKET**
70
shadow inventory
97
(90028, 90068 Zip Codes)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Venice DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$979,000
$1,317,500
34.6%
Average Price per Square Foot ...........................
$718
$651
-9.3%
Properties Sold .......................................................
16
16
0.0%
Properties Pending Sale .......................................
17
28
64.7%
Properties For Sale ................................................
132
91
-31.1%
Days on Market (Pending Sale) ...........................
75
59
-21.3%
Month’s Supply of Inventory ................................
8.3
5.7
-31.1%
Percent Under Contract ........................................
12.9%
30.8%
138.9%
Average Median Price for Last 12 Months ........
$918,000
$1,036,431
12.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$1.318
P R I C E
yearly trend
M E D I A N
$979
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$1,036,431
PROPERTIES FOR SALE
91
DAYS ON MARKET**
61
SHADOW INVENTORY
39
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
West Hollywood DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$825,000
$1,117,310
35.4%
Average Price per Square Foot ...........................
$552
$660
19.6%
Properties Sold .......................................................
10
6
-40.0%
Properties Pending Sale .......................................
6
12
100.0%
Properties For Sale ................................................
73
54
-26.0%
Days on Market (Pending Sale) ...........................
112
45
-59.8%
Month’s Supply of Inventory ................................
7.3
9.0
23.3%
Percent Under Contract ........................................
8.2%
22.2%
170.4%
Average Median Price for Last 12 Months ........
$843,000
$924,082
8.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$1.117
P R I C E
yearly trend
M E D I A N
$825
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$924,082
PROPERTIES FOR SALE
54
DAYS ON MARKET**
66
SHADOW INVENTORY
16
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
West Los Angeles DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$605,000
$530,000
-12.4%
Average Price per Square Foot ...........................
$409
$498
21.8%
Properties Sold .......................................................
5
7
40.0%
Properties Pending Sale .......................................
10
10
0.0%
Properties For Sale ................................................
46
29
-37.0%
Days on Market (Pending Sale) ...........................
49
48
-2.0%
Month’s Supply of Inventory ................................
9.2
4.1
-55.0%
Percent Under Contract ........................................
21.7%
34.5%
58.6%
Average Median Price for Last 12 Months ........
$661,000
$604,338
-8.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$530
S A L E S
$605
(in hundred thousands)
P R I C E
yearly trend
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$604,338
PROPERTIES FOR SALE
29
DAYS ON MARKET**
46
Shaodw inventory
23
(90025 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Westchester DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$630,000
$675,000
7.1%
Average Price per Square Foot ...........................
$395
$402
1.8%
Properties Sold .......................................................
20
21
5.0%
Properties Pending Sale .......................................
20
29
45.0%
Properties For Sale ................................................
90
67
-25.6%
Days on Market (Pending Sale) ...........................
37
26
-29.7%
Month’s Supply of Inventory ................................
4.5
3.2
-29.1%
Percent Under Contract ........................................
22.2%
43.3%
94.8%
Average Median Price for Last 12 Months ........
$666,000
$622,037
-6.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$675
M E D I A N
S A L E S
(in hundred thousands)
$630
P R I C E
yearly trend
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$622,037
PROPERTIES FOR SALE
67
DAYS ON MARKET**
43
shadow inventory
96
(90045 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Westwood - Century City DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$1,157,922
$1,225,000
5.8%
Average Price per Square Foot ...........................
$641
$566
-11.7%
Properties Sold .......................................................
14
9
-35.7%
Properties Pending Sale .......................................
18
22
22.2%
Properties For Sale ................................................
98
76
-22.4%
Days on Market (Pending Sale) ...........................
36
47
30.6%
Month’s Supply of Inventory ................................
7.0
8.4
20.6%
Percent Under Contract ........................................
18.4%
28.9%
57.6%
Average Median Price for Last 12 Months ........
$1,324,000
$1,246,883
-5.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.225
$1.158
(in hundred thousands)
P R I C E
yearly trend
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$1,246,883
PROPERTIES FOR SALE
76
DAYS ON MARKET**
42
shadow inventory
11
(90024, 90067 Zip Codes)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
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References
CONTACTS:
Zach Kahn Research & Data Designer, Teles Intelligence zach.kahn@telesproperties.com Steve Shull Chief Strategist, Teles Intelligence steve.shull@telesproperties.com Sharran Srivatsaa Chief Executive Officer, Teles Intelligence sharran.srivatsaa@telesproperties.com
location:
Teles Intelligence 11990 San Vicente Blvd, Suite 100 Los Angeles, Ca 90049
Phone:
424.203.1800 email:
info@telesintelligence.com
Teles intelligence JUNE 2012 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2012 Teles Properties, Inc. Teles Properties is a registered trademark.