Teles intelligence
micro market report orange county 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.
orange county
san fern
south b
Orange Country Macro Market
East Bluff - Harbor View
Irvine
Balboa Peninsula
East Costa Mesa
Laguna Beach (all areas)
Corona del Mar - Spyglass
Fountain Valley
Lower Newport Bay - Balb
Crystal Cove
Huntington Beach
Newport Beach (all areas)
Micro Market Report : June 2012
telesintelligence.com
nando
san gabriel
bay
los angeles Newport Coast
West Newport - Lido
Newport Heights
Westminster
boa Island
Turtle Ridge
)
West Bay - Santa Ana Heights
June 2012 : Micro Market Report
Orange County Macro Market DATA *
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$1,597,972
$1,307,043
-18.2%
Average Price per Square Foot ...........................
$588
$572
-2.7%
Properties Sold .......................................................
381
465
22.0%
Properties Pending Sale .......................................
391
608
55.5%
Properties For Sale ................................................
3452
2558
-25.9%
Days on Market (Pending Sale) ...........................
88
87
-1.5%
Month’s Supply of Inventory ................................
9.1
5.5
-39.3%
Percent Under Contract ........................................
11.3%
23.8%
109.8%
Average Median Price for Last 12 Months ........
$1,484,647
$1,442,695
-2.8%
*Information obtained from Broker Metrics, SOCAL MLS and Foreclosure Radar for all areas in Orange County Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.307
S A L E S
$1.598
(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
Balboa Peninsula DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$3,383,000
$2,325,000
-31.3%
Average Price per Square Foot ...........................
$1,269
$766
-39.6%
Properties Sold .......................................................
5
2
-60.0%
Properties Pending Sale .......................................
3
8
166.7%
Properties For Sale ................................................
67
78
16.4%
Days on Market (Pending Sale) ...........................
53
160
201.9%
Month’s Supply of Inventory ................................
13.4
39.0
191.0%
Percent Under Contract ........................................
4.5%
10.3%
129.1%
Average Median Price for Last 12 Months ........
$1,979,000
$2,446,219
23.6%
*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
$2.325
S A L E S
$3.383
(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**
$2,446,219
PROPERTIES FOR SALE
78
DAYS ON MARKET**
125
SHADOW INVENTORY
0
(92663, 92661 Zip Codes)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Corona del Mar - Spyglass DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$1,900,000
$1,681,690
-11.5%
Average Price per Square Foot ...........................
$826
$969
17.3%
Properties Sold .......................................................
7
20
185.7%
Properties Pending Sale .......................................
9
21
133.3%
Properties For Sale ................................................
135
105
-22.2%
Days on Market (Pending Sale) ...........................
112
64
-42.9%
Month’s Supply of Inventory ................................
19.3
5.3
-72.8%
Percent Under Contract ........................................
6.7%
20.0%
200.0%
Average Median Price for Last 12 Months ........
$1,895,000
$1,778,284
-6.2%
*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
$1.682
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**
$1,778,284
PROPERTIES FOR SALE
105
DAYS ON MARKET**
102
SHADOW INVENTORY
26
(92625 Zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Crystal Cove DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$4,875,000
$2,070,500
-57.5%
Average Price per Square Foot ...........................
$982
$765
-22.1%
Properties Sold .......................................................
2
2
0.0%
Properties Pending Sale .......................................
1
2
100.0%
Properties For Sale ................................................
27
30
11.1%
Days on Market (Pending Sale) ...........................
97
177
82.5%
Month’s Supply of Inventory ................................
13.5
15.0
11.1%
Percent Under Contract ........................................
3.7%
6.7%
80.0%
Average Median Price for Last 12 Months ........
$4,182,000
$4,192,854
0.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$2.071
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
$4.875
(in hundred thousands)
P R I C E
yearly trend
telesintelligence.com
the numbers median sales price**
$4,192,854
PROPERTIES FOR SALE
30
DAYS ON MARKET**
107
SHADOW INVENTORY
47
(92657 zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
East Bluff - Harbor View DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$1,400,000
$1,300,000
-7.1%
Average Price per Square Foot ...........................
$506
$522
3.2%
Properties Sold .......................................................
18
23
27.8%
Properties Pending Sale .......................................
11
30
172.7%
Properties For Sale ................................................
151
114
-24.5%
Days on Market (Pending Sale) ...........................
67
79
17.9%
Month’s Supply of Inventory ................................
8.4
5.0
-40.9%
Percent Under Contract ........................................
7.3%
26.3%
261.2%
Average Median Price for Last 12 Months ........
$1,394,000
$1,376,808
-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
$1.300
S A L E S
$1.400
(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**
$1,376,808
PROPERTIES FOR SALE
114
DAYS ON MARKET**
94
SHADOW INVENTORY
93
(92660 zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
East Costa Mesa DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$675,000
$675,000
0.0%
Average Price per Square Foot ...........................
$343
$303
-11.7%
Properties Sold .......................................................
15
9
-40.0%
Properties Pending Sale .......................................
17
17
0.0%
Properties For Sale ................................................
78
60
-23.1%
Days on Market (Pending Sale) ...........................
83
51
-38.6%
Month’s Supply of Inventory ................................
5.2
6.7
28.2%
Percent Under Contract ........................................
21.8%
28.3%
30.0%
Average Median Price for Last 12 Months ........
$638,000
$652,465
2.3%
*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
(in hundred thousands)
$675
$675
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**
$652,465
PROPERTIES FOR SALE
60
DAYS ON MARKET**
72
SHADOW INVENTORY
81
(92627 zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Fountain Valley DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$565,000
$568,750
0.7%
Average Price per Square Foot ...........................
$287
$292
1.7%
Properties Sold .......................................................
27
32
18.5%
Properties Pending Sale .......................................
33
44
33.3%
Properties For Sale ................................................
172
106
-38.4%
Days on Market (Pending Sale) ...........................
62
58
-6.5%
Month’s Supply of Inventory ................................
6.4
3.3
-48.0%
Percent Under Contract ........................................
19.2%
41.5%
116.4%
Average Median Price for Last 12 Months ........
$575,000
$544,019
-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.
$569
M E D I A N
S A L E S
(in hundred thousands)
$565
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**
$544,019
PROPERTIES FOR SALE
106
DAYS ON MARKET**
70
SHADOW INVENTORY
145
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Huntington Beach DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$580,000
$607,125
4.7%
Average Price per Square Foot ...........................
$337
$357
5.9%
Properties Sold .......................................................
87
106
21.8%
Properties Pending Sale .......................................
94
130
38.3%
Properties For Sale ................................................
652
426
-34.7%
Days on Market (Pending Sale) ...........................
101
55
-45.5%
Month’s Supply of Inventory ................................
7.5
4.0
-46.4%
Percent Under Contract ........................................
14.4%
30.5%
111.7%
Average Median Price for Last 12 Months ........
$616,000
$603,371
-2.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$607
$580
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**
$603,371
PROPERTIES FOR SALE
426
DAYS ON MARKET**
84
SHADOW INVENTORY
426
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Irvine DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$742,500
$735,000
-1.0%
Average Price per Square Foot ...........................
$368
$392
6.5%
Properties Sold .......................................................
82
83
1.2%
Properties Pending Sale .......................................
84
123
46.4%
Properties For Sale ................................................
559
408
-27.0%
Days on Market (Pending Sale) ...........................
82
57
-30.5%
Month’s Supply of Inventory ................................
6.8
4.9
-27.9%
Percent Under Contract ........................................
15.0%
30.1%
100.6%
Average Median Price for Last 12 Months ........
$742,000
$699,761
-5.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$735
(in hundred thousands)
$743
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**
$699,761
PROPERTIES FOR SALE
408
DAYS ON MARKET**
79
SHADOW INVENTORY
306
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Laguna Beach DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$1,275,000
$1,350,000
5.9%
Average Price per Square Foot ...........................
$777
$797
2.6%
Properties Sold .......................................................
24
33
37.5%
Properties Pending Sale .......................................
24
42
75.0%
Properties For Sale ................................................
392
290
-26.0%
Days on Market (Pending Sale) ...........................
135
112
-17.0%
Month’s Supply of Inventory ................................
16.3
8.8
-46.2%
Percent Under Contract ........................................
6.1%
14.5%
136.6%
Average Median Price for Last 12 Months ........
$1,250,000
$1,228,469
-1.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.350
$1.275
(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**
$1,228,469
PROPERTIES FOR SALE
290
DAYS ON MARKET**
134
SHADOW INVENTORY
101
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Lower Newport Bay - Balboa Island DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$2,700,000
$2,405,000
-10.9%
Average Price per Square Foot ...........................
$1,039
$835
-19.6%
Properties Sold .......................................................
4
8
100.0%
Properties Pending Sale .......................................
4
10
150.0%
Properties For Sale ................................................
73
62
-15.1%
Days on Market (Pending Sale) ...........................
106
115
8.5%
Month’s Supply of Inventory ................................
18.3
7.8
-57.5%
Percent Under Contract ........................................
5.5%
16.1%
194.4%
Average Median Price for Last 12 Months ........
$2,213,000
$1,998,209
-9.7%
*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 M E D I A N
$2.405
(in hundred thousands)
$2.700
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**
$1,998,209
PROPERTIES FOR SALE
62
DAYS ON MARKET**
119
SHADOW INVENTORY
45
(92660, 92662, 92663 Zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Newport Beach DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$1,450,000
$1,360,000
-6.2%
Average Price per Square Foot ...........................
$634
$657
3.6%
Properties Sold .......................................................
49
64
30.6%
Properties Pending Sale .......................................
43
74
72.1%
Properties For Sale ................................................
512
414
-19.1%
Days on Market (Pending Sale) ...........................
94
98
4.3%
Month’s Supply of Inventory ................................
10.4
6.5
-38.1%
Percent Under Contract ........................................
8.4%
17.9%
112.8%
Average Median Price for Last 12 Months ........
$1,398,000
$1,334,087
-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
S A L E S
$1.360
(in hundred thousands)
$1.450
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**
$1,334,087
PROPERTIES FOR SALE
414
DAYS ON MARKET**
110
SHADOW INVENTORY
159
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Newport Coast DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$2,502,000
$1,931,000
-22.8%
Average Price per Square Foot ...........................
$632
$719
13.8%
Properties Sold .......................................................
10
18
80.0%
Properties Pending Sale .......................................
9
13
44.4%
Properties For Sale ................................................
132
134
1.5%
Days on Market (Pending Sale) ...........................
202
75
-62.9%
Month’s Supply of Inventory ................................
13.2
7.4
-43.6%
Percent Under Contract ........................................
6.8%
9.7%
42.3%
Average Median Price for Last 12 Months ........
$2,068,000
$1,754,346
-15.2%
*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
$1.931
S A L E S
$2.502
(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**
$1,754,346
PROPERTIES FOR SALE
134
DAYS ON MARKET**
98
SHADOW INVENTORY
35
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Newport Heights DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$1,825,000
$1,510,700
-17.2%
Average Price per Square Foot ...........................
$545
$627
15.0%
Properties Sold .......................................................
2
8
300.0%
Properties Pending Sale .......................................
4
8
100.0%
Properties For Sale ................................................
35
30
-14.3%
Days on Market (Pending Sale) ...........................
78
80
2.6%
Month’s Supply of Inventory ................................
17.5
3.75
-78.6%
Percent Under Contract ........................................
11.4%
26.7%
133.3%
Average Median Price for Last 12 Months ........
$1,307,000
$1,189,600
-9.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.511
S A L E S
$1.825
(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**
$1,189,600
PROPERTIES FOR SALE
30
DAYS ON MARKET**
83
SHADOW INVENTORY
43
(92663 zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Turtle Ridge DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$2,025,000
$2,007,500
-0.9%
Average Price per Square Foot ...........................
$526
$546
3.8%
Properties Sold .......................................................
3
6
100.0%
Properties Pending Sale .......................................
6
9
50.0%
Properties For Sale ................................................
31
34
9.7%
Days on Market (Pending Sale) ...........................
48
125
160.4%
Month’s Supply of Inventory ................................
10.3
5.7
-45.2%
Percent Under Contract ........................................
19.4%
26.5%
36.8%
Average Median Price for Last 12 Months ........
$1,751,000
$1,916,846
9.5%
*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
$2.008
S A L E S
$2.025
(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**
$1,916,846
PROPERTIES FOR SALE
34
DAYS ON MARKET**
117
SHADOW INVENTORY
63
(92603 zip codes)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
West Bay - Santa Ana Heights DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$1,150,000
$1,287,500
12.0%
Average Price per Square Foot ...........................
$421
$491
16.6%
Properties Sold .......................................................
14
10
-28.6%
Properties Pending Sale .......................................
14
11
-21.4%
Properties For Sale ................................................
92
59
-35.9%
Days on Market (Pending Sale) ...........................
133
81
-39.1%
Month’s Supply of Inventory ................................
6.6
5.9
-10.2%
Percent Under Contract ........................................
15.2%
18.6%
22.5%
Average Median Price for Last 12 Months ........
$1,095,000
$1,137,395
3.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.150
(in hundred thousands)
$1.288
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**
$1,137,395
PROPERTIES FOR SALE
59
DAYS ON MARKET**
107
SHADOW INVENTORY
93
(92660 zip code)
**12 month average
acti v e listin g s
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Teles intelligence where data meets reason
June 2012 : Micro Market Report
West Newport - Lido DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$1,305,000
$1,325,000
1.5%
Average Price per Square Foot ...........................
$832
$979
17.7%
Properties Sold .......................................................
6
13
116.7%
Properties Pending Sale .......................................
7
7
0.0%
Properties For Sale ................................................
93
70
-24.7%
Days on Market (Pending Sale) ...........................
79
134
69.6%
Month’s Supply of Inventory ................................
15.5
5.4
-65.3%
Percent Under Contract ........................................
7.5%
10.0%
32.9%
Average Median Price for Last 12 Months ........
$1,717,000
$1,278,654
-25.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.325
$1.305
(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**
$1,278,654
PROPERTIES FOR SALE
70
DAYS ON MARKET**
141
SHADOW INVENTORY
43
(92663 zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Westminster DATA *
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$411,000
$387,000
-5.8%
Average Price per Square Foot ...........................
$256
$281
9.8%
Properties Sold .......................................................
26
28
7.7%
Properties Pending Sale .......................................
28
59
110.7%
Properties For Sale ................................................
251
138
-45.0%
Days on Market (Pending Sale) ...........................
54
41
-24.1%
Month’s Supply of Inventory ................................
9.7
4.9
-48.9%
Percent Under Contract ........................................
11.2%
42.8%
283.3%
Average Median Price for Last 12 Months ........
$419,000
$394,423
-5.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$387
(in hundred thousands)
$411
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**
$394,423
PROPERTIES FOR SALE
138
DAYS ON MARKET**
72
SHADOW INVENTORY
218
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Navigating Solutions. At Riviera Financial, the business of real estate finance is about much more than loans. It is about offering diverse and competitive products; advising borrowers to make informed choices to support and protect their security; providing extraordinarily thorough customer care; and navigating solutions. Our customers expect and deserve the highest level of service and performance in all of their borrowing activities. When it comes to dedicated, comprehensive real estate finance, Riviera Financial delivers.
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References
CONTACTS:
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:
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Teles intelligence JUNE 2012 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2012 Teles Properties, Inc. Teles Properties is a registered trademark.