Teles intelligence
micro market report los angeles June 2013 | SINGLE FAMILY HOMES REPORT
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
Median Price:
Days of market (Pending Sale):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
Month’s Supply of Inventory:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
Average Price per Square Foot:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
Percent Under Contract:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
Properties Sold:
The number of property transactions
Average Median Price for Last 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
Properties Pending Sale:
ending in the identified month
The number of properties that entered escrow in preparation for sale.
Shadow Inventory:
Properties in Pre-Foreclosure, Bank Properties For Sale:
Owned or Auction as identified by
The number of properties on the
ForeclosureRadar.com
market and seeking buyers.
los angeles
orange
san gab
Los Angeles Macro Market
Brentwood
Laurel Canyon
Bel Air - Holmby Hills
Cheviot Hills - Rancho Park
Los Feliz
Beverly Center - Miracle Mile
Culver City
Malibu
Beverly Hills
Hancock Park - Wilshire
Malibu Beach
Beverly Hills P.O.
Hollywood
Marina del Rey
Beverlywood
Hollywood Hills East
Mid Los Angeles
Micro Market Report : June 2013
telesintelligence.com
e county
san fernando
briel
south bay Mid Wilshire
Sunset Strip - Hollywood Hills West
Pacific Palisades
Venice
Palms - Mar Vista
West Hollywood
Playa del Rey
West Los Angeles
Playa Vista
Westchester
Santa Monica
Westwood - Century City
June 2013 : Micro Market Report
Los Angeles County DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$628,000
$860,000
36.9%
Average Price per Square Foot ...........................
$466
$568
21.9%
Properties Sold .......................................................
852.0
841.0
-1.3%
Properties Pending Sale .......................................
888.0
871.0
-1.9%
Properties For Sale ................................................
4,829
3,518
-27.1%
Days on Market (Pending Sale) ...........................
72
40
-44.4%
Month’s Supply of Inventory ................................
5.7
4.2
-26.2%
Percent Under Contract ........................................
18.4%
24.8%
34.6%
Average Median Price for Last 12 Months ........
$579,000
$702,758
17.6%
*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.
(in hundred thousands)
$860
P R I C E
yearly trend
M E D I A N
S A L E S
$628
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Bel-Air Holmby Hills DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$2,250,000
$2,500,000
11.1%
Average Price per Square Foot ...........................
$679
$827
21.8%
Properties Sold .......................................................
9.0
9.0
0.0%
Properties Pending Sale .......................................
8.0
18.0
125.0%
Properties For Sale ................................................
147
123
-16.3%
Days on Market (Pending Sale) ...........................
126
67
-46.8%
Month’s Supply of Inventory ................................
16.3
13.7
-16.3%
Percent Under Contract ........................................
5.4%
11.1%
104.2%
Average Median Price for Last 12 Months ........
$1,770,000
$1,893,045
6.5%
*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.
$2.500
M E D I A N
S A L E S
(in hundred thousands)
$2.250
P R I C E
yearly trend
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$1,893,045
PROPERTIES FOR SALE
123
DAYS ON MARKET**
99
shadow inventory
12
(90077 Zip Code)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Beverly Center - Miracle Mile DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$827,500
$1,075,000
29.9%
Average Price per Square Foot ...........................
$496
$605
22.0%
Properties Sold .......................................................
12.0
21.0
75.0%
Properties Pending Sale .......................................
14.0
22.0
57.1%
Properties For Sale ................................................
83
58
-30.1%
Days on Market (Pending Sale) ...........................
55
63
14.5%
Month’s Supply of Inventory ................................
6.9
2.8
-60.1%
Percent Under Contract ........................................
16.9%
37.9%
124.9%
Average Median Price for Last 12 Months ........
$921,000
$1,015,567
9.3%
*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)
$1.075
P R I C E
yearly trend
M E D I A N
S A L E S
$828
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$1,015,567
PROPERTIES FOR SALE
58
DAYS ON MARKET**
56
shadow inventory
9
(90048 Zip Code)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Beverly Hills DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$3,650,000
$3,002,500
-17.7%
Average Price per Square Foot ...........................
$910
$1,072
17.8%
Properties Sold .......................................................
17.0
12.0
-29.4%
Properties Pending Sale .......................................
11.0
15.0
36.4%
Properties For Sale ................................................
153
109
-28.8%
Days on Market (Pending Sale) ...........................
69
68
-1.4%
Month’s Supply of Inventory ................................
9
9.1
0.9%
Percent Under Contract ........................................
7.2%
13.8%
91.4%
Average Median Price for Last 12 Months ........
$3,596,000
$4,072,925
11.7%
*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
$3.003
S A L E S
$3.650
(in hundred thousands)
P R I C E
yearly trend
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$4,072,925
PROPERTIES FOR SALE
109
DAYS ON MARKET**
91
shadow inventory
40
(Beverly Hills)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Beverly Hills- Post Office DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$1,825,000
$1,825,000
0.0%
Average Price per Square Foot ...........................
$606
$727
20.0%
Properties Sold .......................................................
13.0
12.0
-7.7%
Properties Pending Sale .......................................
13.0
15.0
15.4%
Properties For Sale ................................................
147
119
-19.0%
Days on Market (Pending Sale) ...........................
104
47
-54.8%
Month’s Supply of Inventory ................................
11.3
9.9
-12.3%
Percent Under Contract ........................................
8.8%
12.6%
42.5%
Average Median Price for Last 12 Months ........
$2,060,000
$1,947,401
-5.8%
*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
$1.825
$1.825
(in hundred thousands)
P R I C E
yearly trend
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$1,947,401
PROPERTIES FOR SALE
119
DAYS ON MARKET**
88
shadow inventory
33
(90210 Zip Code)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Beverlywood DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$775,000
$807,000
4.1%
Average Price per Square Foot ...........................
$454
$504
11.0%
Properties Sold .......................................................
10.0
22.0
120.0%
Properties Pending Sale .......................................
19.0
10.0
-47.4%
Properties For Sale ................................................
68
44
-35.3%
Days on Market (Pending Sale) ...........................
73
64
-12.3%
Month’s Supply of Inventory ................................
6.8
2
-70.6%
Percent Under Contract ........................................
27.9%
22.7%
-18.7%
Average Median Price for Last 12 Months ........
$769,000
$779,562
1.4%
*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.
$807
M E D I A N
S A L E S
(in hundred thousands)
$775
P R I C E
yearly trend
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$779,562
PROPERTIES FOR SALE
44
DAYS ON MARKET**
55
shadow inventory
14
(90035 Zip Code)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Brentwood DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$1,650,000
$2,415,000
46.4%
Average Price per Square Foot ...........................
$631
$794
25.8%
Properties Sold .......................................................
28.0
28.0
0.0%
Properties Pending Sale .......................................
30.0
21.0
-30.0%
Properties For Sale ................................................
153
109
-28.8%
Days on Market (Pending Sale) ...........................
77
38
-50.6%
Month’s Supply of Inventory ................................
5.5
3.9
-28.8%
Percent Under Contract ........................................
19.6%
19.3%
-1.7%
Average Median Price for Last 12 Months ........
$1,834,000
$2,060,466
11.0%
*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)
$2.415
P R I C E
yearly trend
M E D I A N
S A L E S
$1.650
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$2,060,466
PROPERTIES FOR SALE
109
DAYS ON MARKET**
72
shadow inventory
29
(90049 Zip Code)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Cheviot Hills - Rancho Park DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$1,375,000
$1,493,750
8.6%
Average Price per Square Foot ...........................
$547
$612
11.9%
Properties Sold .......................................................
9.0
14.0
55.6%
Properties Pending Sale .......................................
6.0
9.0
50.0%
Properties For Sale ................................................
29
26
-10.3%
Days on Market (Pending Sale) ...........................
56
31
-44.6%
Month’s Supply of Inventory ................................
3.2
1.9
-42.4%
Percent Under Contract ........................................
20.7%
34.6%
67.3%
Average Median Price for Last 12 Months ........
$1,252,000
$1,315,750
4.8%
*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.
$1.494
M E D I A N
S A L E S
(in hundred thousands)
$1.375
P R I C E
yearly trend
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$1,315,750
PROPERTIES FOR SALE
26
DAYS ON MARKET**
47
shadow inventory
20
(90064 Zip Code)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Culver City DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$727,500
$862,000
18.5%
Average Price per Square Foot ...........................
$453
$491
8.4%
Properties Sold .......................................................
18.0
15.0
-16.7%
Properties Pending Sale .......................................
15.0
23.0
53.3%
Properties For Sale ................................................
60
56
-6.7%
Days on Market (Pending Sale) ...........................
36
24
-33.3%
Month’s Supply of Inventory ................................
3.3
3.7
12.0%
Percent Under Contract ........................................
25.0%
41.1%
64.3%
Average Median Price for Last 12 Months ........
$618,000
$728,543
15.2%
*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.
$862
M E D I A N
S A L E S
(in hundred thousands)
$727
P R I C E
yearly trend
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$728,543
PROPERTIES FOR SALE
56
DAYS ON MARKET**
47
shadow inventory
17
(Culver City)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Hancock Park - Wilshire DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$927,000
$1,211,500
30.7%
Average Price per Square Foot ...........................
$503
$546
8.5%
Properties Sold .......................................................
17.0
27.0
58.8%
Properties Pending Sale .......................................
15.0
31.0
106.7%
Properties For Sale ................................................
113
106
-6.2%
Days on Market (Pending Sale) ...........................
64
43
-32.8%
Month’s Supply of Inventory ................................
6.6
3.9
-40.9%
Percent Under Contract ........................................
13.3%
29.2%
120.3%
Average Median Price for Last 12 Months ........
$919,000
$1,076,416
14.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$1.212
P R I C E
yearly trend
M E D I A N
$927
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$1,076,416
PROPERTIES FOR SALE
106
DAYS ON MARKET**
66
shadow inventory
27
(90004,90020 Zip Code)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Hollywood DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$314,500
$425,000
35.1%
Average Price per Square Foot ...........................
$339
$515
51.9%
Properties Sold .......................................................
6.0
3.0
-50.0%
Properties Pending Sale .......................................
4.0
8.0
100.0%
Properties For Sale ................................................
21
23
9.5%
Days on Market (Pending Sale) ...........................
14
33
135.7%
Month’s Supply of Inventory ................................
3.5
7.7
119.0%
Percent Under Contract ........................................
19.0%
34.8%
82.6%
Average Median Price for Last 12 Months ........
$463,000
$665,038
30.4%
*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.
$425 $314
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
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**
$665,038
PROPERTIES FOR SALE
23
DAYS ON MARKET**
40
shadow inventory
27
(90028,90038,90068)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Hollywood Hills East DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$918,000
$1,100,000
19.8%
Average Price per Square Foot ...........................
$523
$474
-9.4%
Properties Sold .......................................................
11.0
19.0
72.7%
Properties Pending Sale .......................................
11.0
11.0
0.0%
Properties For Sale ................................................
77
70
-9.1%
Days on Market (Pending Sale) ...........................
51
24
-52.9%
Month’s Supply of Inventory ................................
7
3.7
-47.4%
Percent Under Contract ........................................
14.3%
15.7%
10.0%
Average Median Price for Last 12 Months ........
$900,000
$1,623,885
44.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.100
$918
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
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**
$1,623,885
PROPERTIES FOR SALE
70
DAYS ON MARKET**
68
shadow inventory
6
(90029)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Laurel Canyon DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$1,212,000
$1,200,000
-1.0%
Average Price per Square Foot ...........................
$504
$605
20.0%
Properties Sold .......................................................
19.0
32.0
68.4%
Properties Pending Sale .......................................
23.0
32.0
39.1%
Properties For Sale ................................................
153
131
-14.4%
Days on Market (Pending Sale) ...........................
70
40
-42.9%
Month’s Supply of Inventory ................................
6.7
4.1
-38.5%
Percent Under Contract ........................................
15.0%
24.4%
62.5%
Average Median Price for Last 12 Months ........
$1,030,000
$1,155,985
10.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.200
(in hundred thousands)
$1.212
P R I C E
yearly trend
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$1,155,985
PROPERTIES FOR SALE
131
DAYS ON MARKET**
68
shadow inventory
20
(90046 Zip Code)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Los Feliz DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$780,000
$1,153,225
47.8%
Average Price per Square Foot ...........................
$487
$544
11.7%
Properties Sold .......................................................
17.0
24.0
41.2%
Properties Pending Sale .......................................
15.0
27.0
80.0%
Properties For Sale ................................................
88
92
4.5%
Days on Market (Pending Sale) ...........................
43
33
-23.3%
Month’s Supply of Inventory ................................
5.9
3.8
-34.7%
Percent Under Contract ........................................
17.0%
29.3%
72.2%
Average Median Price for Last 12 Months ........
$926,000
$1,701,287
45.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.153
$780 Jun
Jul
Aug
Sep
Micro Market Report : June 2013
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**
$1,701,287
PROPERTIES FOR SALE
92
DAYS ON MARKET**
53
shadow inventory
20
(90027 Zip Code)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Malibu DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$1,620,000
$2,113,500
30.5%
Average Price per Square Foot ...........................
$678
$796
17.4%
Properties Sold .......................................................
16.0
18.0
12.5%
Properties Pending Sale .......................................
15.0
22.0
46.7%
Properties For Sale ................................................
236
219
-7.2%
Days on Market (Pending Sale) ...........................
173
110
-36.4%
Month’s Supply of Inventory ................................
14.8
12.2
-17.5%
Percent Under Contract ........................................
6.4%
10.0%
58.1%
Average Median Price for Last 12 Months ........
$1,731,000
$1,878,116
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.
S A L E S
(in hundred thousands)
$2.114
P R I C E
yearly trend
M E D I A N
$1.620
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$1,878,116
PROPERTIES FOR SALE
219
DAYS ON MARKET**
154
shadow inventory
43
(Malibu)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Malibu Beach DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$6,093,750
$3,940,000
-35.3%
Average Price per Square Foot ...........................
$1,764
$1,816
2.9%
Properties Sold .......................................................
7.0
4.0
-42.9%
Properties Pending Sale .......................................
4.0
3.0
-25.0%
Properties For Sale ................................................
104
76
-26.9%
Days on Market (Pending Sale) ...........................
40
50
25.0%
Month’s Supply of Inventory ................................
14.9
19
27.9%
Percent Under Contract ........................................
3.8%
3.9%
2.6%
Average Median Price for Last 12 Months ........
$5,840,000
$5,652,082
-3.3%
*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.
S A L E S
$3.940
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
M E D I A N
$6.094
Jun
(in hundred thousands)
P R I C E
yearly trend
telesintelligence.com
the numbers median sales price**
$5,652,082
PROPERTIES FOR SALE
76
DAYS ON MARKET**
155
shadow inventory
2
(Map Search)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Marina Del Rey DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$518,800
$1,728,750
233.2%
Average Price per Square Foot ...........................
$536
$734
36.9%
Properties Sold .......................................................
1.0
2.0
100.0%
Properties Pending Sale .......................................
8.0
2.0
-75.0%
Properties For Sale ................................................
30
19
-36.7%
Days on Market (Pending Sale) ...........................
61
56
-8.2%
Month’s Supply of Inventory ................................
30
9.5
-68.3%
Percent Under Contract ........................................
26.7%
10.5%
-60.5%
Average Median Price for Last 12 Months ........
$1,129,000
$1,482,094
23.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$1.729
P R I C E
yearly trend
$518
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$1,482,094
PROPERTIES FOR SALE
19
DAYS ON MARKET**
74
shadow inventory
7
(Marina Del Rey)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Mid Los Angeles DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$310,750
$411,000
32.3%
Average Price per Square Foot ...........................
$208
$297
42.8%
Properties Sold .......................................................
24.0
18.0
-25.0%
Properties Pending Sale .......................................
18.0
15.0
-16.7%
Properties For Sale ................................................
74
56
-24.3%
Days on Market (Pending Sale) ...........................
45
23
-48.9%
Month’s Supply of Inventory ................................
3.1
3.1
0.9%
Percent Under Contract ........................................
24.3%
26.8%
10.1%
Average Median Price for Last 12 Months ........
$298,000
$360,704
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.
S A L E S
(in hundred thousands)
$411
P R I C E
yearly trend
M E D I A N
$310
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$360,704
PROPERTIES FOR SALE
56
DAYS ON MARKET**
45
shadow inventory
44
(90019 Zip Code)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Mid Wilshire DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$405,708
$2,013
0.0%
Average Price per Square Foot ...........................
$245
$0
-100.0%
Properties Sold .......................................................
7.0
0.0
-100.0%
Properties Pending Sale .......................................
4.0
1.0
-75.0%
Properties For Sale ................................................
18
13
-27.8%
Days on Market (Pending Sale) ...........................
46
41
-10.9%
Month’s Supply of Inventory ................................
2.6
NaN
NaN%
Percent Under Contract ........................................
22.2%
7.7%
-65.4%
Average Median Price for Last 12 Months ........
$396,000
$439,517
9.9%
*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.
$0 Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
M E D I A N
S A L E S
$362
(in hundred thousands)
P R I C E
yearly trend
telesintelligence.com
the numbers median sales price**
$439,517
PROPERTIES FOR SALE
13
DAYS ON MARKET**
40
shadow inventory
14
(90036 Zip Code)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Pacific Palisades DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$1,618,000
$1,982,500
22.5%
Average Price per Square Foot ...........................
$714
$916
28.3%
Properties Sold .......................................................
26.0
36.0
38.5%
Properties Pending Sale .......................................
41.0
38.0
-7.3%
Properties For Sale ................................................
190
143
-24.7%
Days on Market (Pending Sale) ...........................
43
46
7.0%
Month’s Supply of Inventory ................................
7.3
4
-45.6%
Percent Under Contract ........................................
21.6%
26.6%
23.1%
Average Median Price for Last 12 Months ........
$1,781,000
$2,129,577
16.4%
*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
$1.618
S A L E S
$1.983
(in hundred thousands)
P R I C E
yearly trend
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$2,129,577
PROPERTIES FOR SALE
143
DAYS ON MARKET**
75
shadow inventory
17
(Pacific Palisades)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Palms - Mar Vista DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$811,000
$808,000
-0.4%
Average Price per Square Foot ...........................
$508
$538
5.9%
Properties Sold .......................................................
38.0
28.0
-26.3%
Properties Pending Sale .......................................
26.0
36.0
38.5%
Properties For Sale ................................................
85
68
-20.0%
Days on Market (Pending Sale) ...........................
54
28
-48.1%
Month’s Supply of Inventory ................................
2.2
2.4
8.6%
Percent Under Contract ........................................
30.6%
52.9%
73.1%
Average Median Price for Last 12 Months ........
$743,000
$817,748
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.
$811
M E D I A N
S A L E S
(in hundred thousands)
$808
P R I C E
yearly trend
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$817,748
PROPERTIES FOR SALE
68
DAYS ON MARKET**
46
shadow inventory
14
(90066,90034 Zip Codes)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Playa Del Rey DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$868,000
$1,500,000
72.8%
Average Price per Square Foot ...........................
$491
$455
-7.3%
Properties Sold .......................................................
5.0
1.0
-80.0%
Properties Pending Sale .......................................
3.0
4.0
33.3%
Properties For Sale ................................................
20
19
-5.0%
Days on Market (Pending Sale) ...........................
52
25
-51.9%
Month’s Supply of Inventory ................................
4
19
375.0%
Percent Under Contract ........................................
15.0%
21.1%
40.4%
Average Median Price for Last 12 Months ........
$886,000
$1,102,115
19.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$1.500
P R I C E
yearly trend
M E D I A N
$868
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$1,102,115
PROPERTIES FOR SALE
19
DAYS ON MARKET**
72
shadow inventory
6
(Playa del Rey)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Playa Vista DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$1,385,000
$0
-100.0%
Average Price per Square Foot ...........................
$401
$0
-100.0%
Properties Sold .......................................................
1
0
-100.0%
Properties Pending Sale .......................................
3
1
-66.7%
Properties For Sale ................................................
6
7
16.7%
Days on Market (Pending Sale) ...........................
89
24
-73.0%
Month’s Supply of Inventory ................................
6.0
#DIV/0!
#DIV/0!
Percent Under Contract ........................................
50.0%
14.3%
-71.4%
Average Median Price for Last 12 Months ........
$971,000
$615,558
-57.7%
*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.
$0 Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
M E D I A N
S A L E S
$1.385
(in hundred thousands)
P R I C E
yearly trend
telesintelligence.com
the numbers median sales price**
$483,583
PROPERTIES FOR SALE
7
DAYS ON MARKET**
37
shadow inventory
0
(90094 Zip Code)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Santa Monica DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$1,825,000
$2,050,000
12.3%
Average Price per Square Foot ...........................
$768
$866
12.8%
Properties Sold .......................................................
21.0
24.0
14.3%
Properties Pending Sale .......................................
18.0
21.0
16.7%
Properties For Sale ................................................
121
83
-31.4%
Days on Market (Pending Sale) ...........................
47
37
-21.3%
Month’s Supply of Inventory ................................
5.8
3.5
-40.0%
Percent Under Contract ........................................
14.9%
25.3%
70.1%
Average Median Price for Last 12 Months ........
$1,733,000
$1,900,402
8.8%
*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
(in hundred thousands)
$2.050
$1.825
P R I C E
yearly trend
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$1,900,402
PROPERTIES FOR SALE
83
DAYS ON MARKET**
57
shadow inventory
17
(Santa Monica)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Sunset Strip - Hollywood Hills West DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$1,705,000
$1,675,000
-1.8%
Average Price per Square Foot ...........................
$572
$649
13.5%
Properties Sold .......................................................
37.0
55.0
48.6%
Properties Pending Sale .......................................
35.0
44.0
25.7%
Properties For Sale ................................................
309
238
-23.0%
Days on Market (Pending Sale) ...........................
78
43
-44.9%
Month’s Supply of Inventory ................................
8.4
4.3
-48.2%
Percent Under Contract ........................................
11.3%
18.5%
63.2%
Average Median Price for Last 12 Months ........
$1,273,000
$1,448,021
12.1%
*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.
$1.705
M E D I A N
S A L E S
(in hundred thousands)
$1.675
P R I C E
yearly trend
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$1,448,021
PROPERTIES FOR SALE
238
DAYS ON MARKET**
75
shadow inventory
27
(90028, 90068)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Venice DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$1,305,000
$1,455,000
11.5%
Average Price per Square Foot ...........................
$633
$1,010
59.6%
Properties Sold .......................................................
17.0
18.0
5.9%
Properties Pending Sale .......................................
24.0
20.0
-16.7%
Properties For Sale ................................................
97
71
-26.8%
Days on Market (Pending Sale) ...........................
89
74
-16.9%
Month’s Supply of Inventory ................................
5.7
3.9
-30.9%
Percent Under Contract ........................................
24.7%
28.2%
13.8%
Average Median Price for Last 12 Months ........
$1,028,000
$1,304,207
26.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.455
M E D I A N
S A L E S
(in hundred thousands)
$1.305
P R I C E
yearly trend
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$1,304,207
PROPERTIES FOR SALE
71
DAYS ON MARKET**
65
shadow inventory
17
(Venice)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
West Hollywood DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$1,112,310
$894,300
-19.6%
Average Price per Square Foot ...........................
$658
$724
10.0%
Properties Sold .......................................................
6.0
6.0
0.0%
Properties Pending Sale .......................................
10.0
17.0
70.0%
Properties For Sale ................................................
58
43
-25.9%
Days on Market (Pending Sale) ...........................
62
19
-69.4%
Month’s Supply of Inventory ................................
9.7
7.2
-25.9%
Percent Under Contract ........................................
17.2%
39.5%
129.3%
Average Median Price for Last 12 Months ........
$921,000
$1,134,985
18.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$894
S A L E S
$1.112
(in hundred thousands)
P R I C E
yearly trend
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$1,134,985
PROPERTIES FOR SALE
43
DAYS ON MARKET**
63
shadow inventory
9
(West Hollywood)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
West Los Angeles DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$530,000
$772,500
45.8%
Average Price per Square Foot ...........................
$498
$617
23.9%
Properties Sold .......................................................
7.0
4.0
-42.9%
Properties Pending Sale .......................................
10.0
4.0
-60.0%
Properties For Sale ................................................
29
20
-31.0%
Days on Market (Pending Sale) ...........................
59
16
-72.9%
Month’s Supply of Inventory ................................
4.1
5
20.7%
Percent Under Contract ........................................
34.5%
20.0%
-42.0%
Average Median Price for Last 12 Months ........
$605,000
$683,935
13.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$772
P R I C E
yearly trend
M E D I A N
$530
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$683,935
PROPERTIES FOR SALE
20
DAYS ON MARKET**
42
shadow inventory
6
(90025 Zip Code)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Westchester DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$675,000
$735,000
8.9%
Average Price per Square Foot ...........................
$402
$475
18.2%
Properties Sold .......................................................
21.0
24.0
14.3%
Properties Pending Sale .......................................
26.0
29.0
11.5%
Properties For Sale ................................................
71
63
-11.3%
Days on Market (Pending Sale) ...........................
46
21
-54.3%
Month’s Supply of Inventory ................................
3.4
2.6
-22.4%
Percent Under Contract ........................................
36.6%
46.0%
25.7%
Average Median Price for Last 12 Months ........
$619,000
$693,115
12.0%
*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.
$735
M E D I A N
S A L E S
(in hundred thousands)
$675
P R I C E
yearly trend
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$693,115
PROPERTIES FOR SALE
63
DAYS ON MARKET**
41
shadow inventory
27
(90045 Zip Code)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Westwood - Century City DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$1,350,000
$1,300,000
-3.7%
Average Price per Square Foot ...........................
$564
$674
19.5%
Properties Sold .......................................................
10.0
21.0
110.0%
Properties Pending Sale .......................................
18.0
9.0
-50.0%
Properties For Sale ................................................
81
50
-38.3%
Days on Market (Pending Sale) ...........................
49
24
-51.0%
Month’s Supply of Inventory ................................
8.1
2.4
-70.6%
Percent Under Contract ........................................
22.2%
18.0%
-19.0%
Average Median Price for Last 12 Months ........
$1,256,000
$1,329,718
5.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.300
(in hundred thousands)
$1.350
P R I C E
yearly trend
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$1,329,718
PROPERTIES FOR SALE
50
DAYS ON MARKET**
46
shadow inventory
7
(90024,90067 Zip Code)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
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References
CONTACTS:
Zachariah Kahn Research & Data Designer, Teles Intelligence zach@telesintelligence.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 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.