Teles intelligence
micro market report orange county 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.
san fern
orange county
south b
Orange County Macro Market
Dana Point
Irvine
Balboa Peninsula
East Bluff - Harbor View
Ladera Ranch
Corona del Mar - Spyglass
East Costa Mesa
Laguna Beach (all areas)
Coto de Caza
Fountain Valley
Laguna Hills
Crystal Cove
Huntington Beach
Laguna Niguel
Micro Market Report : June 2013
telesintelligence.com
nando
san gabriel
bay
los angeles
Long Beach
Newport Heights
Turtle Ridge
Lower Newport Bay - Balboa Island
Rancho Santa Margarita
Turtle Rock
Mission Viejo
San Clemente
West Bay - Santa Ana Heights
Newport Beach (all areas)
San Juan Capistrano
West Newport - Lido
Newport Coast
Shady Canyon
Westminster
June 2013 : Micro Market Report
Orange County DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$530,000
$640,000
20.8%
Average Price per Square Foot ...........................
$317
$371
17.0%
Properties Sold .......................................................
1936
1824
-5.8%
Properties Pending Sale .......................................
1876
1950
3.9%
Properties For Sale ................................................
8,497
6,024
-29.1%
Days on Market (Pending Sale) ...........................
88
39
-55.7%
Month’s Supply of Inventory ................................
4.4
3.3
-24.8%
Percent Under Contract ........................................
22.1%
32.4%
46.6%
Average Median Price for Last 12 Months ........
$491,000
$564,430
15.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$640
M E D I A N
S A L E S
(in hundred thousands)
$530
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
Balboa Peninsula DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$2,325,000
$1,825,000
-21.5%
Average Price per Square Foot ...........................
$766
$1,112
45.2%
Properties Sold .......................................................
2
5
150.0%
Properties Pending Sale .......................................
8
5
-37.5%
Properties For Sale ................................................
84
38
-54.8%
Days on Market (Pending Sale) ...........................
169
63
-62.7%
Month’s Supply of Inventory ................................
42
7.6
-81.9%
Percent Under Contract ........................................
9.5%
13.2%
38.2%
Average Median Price for Last 12 Months ........
$2,300,000
$1,869,385
-18.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.825
S A L E S
$2.325
(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**
$1,869,385
PROPERTIES FOR SALE
38
DAYS ON MARKET**
136
shadow inventory
3
(3)
**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
Corona del Mar - Spyglass DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$1,675,000
$1,970,500
17.6%
Average Price per Square Foot ...........................
$953
$801
-15.9%
Properties Sold .......................................................
21
12
-42.9%
Properties Pending Sale .......................................
19
17
-10.5%
Properties For Sale ................................................
112
74
-33.9%
Days on Market (Pending Sale) ...........................
81
71
-12.3%
Month’s Supply of Inventory ................................
5.3
6.2
15.6%
Percent Under Contract ........................................
17.0%
23.0%
35.4%
Average Median Price for Last 12 Months ........
$1,801,111
$1,963,135
9.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.675
S A L E S
$1.970
(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**
$1,963,135
PROPERTIES FOR SALE
74
DAYS ON MARKET**
98
shadow inventory
19
(19)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Coto de Caza DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$960,000
$1,015,000
5.7%
Average Price per Square Foot ...........................
$260
$330
26.9%
Properties Sold .......................................................
23
25
8.7%
Properties Pending Sale .......................................
22
22
0.0%
Properties For Sale ................................................
139
114
-18.0%
Days on Market (Pending Sale) ...........................
137
39
-71.5%
Month’s Supply of Inventory ................................
6
4.6
-24.5%
Percent Under Contract ........................................
15.8%
19.3%
21.9%
Average Median Price for Last 12 Months ........
$908,000
$966,369
6.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.015
M E D I A N
S A L E S
(in hundred thousands)
$960
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**
$966,369
PROPERTIES FOR SALE
114
DAYS ON MARKET**
95
shadow inventory
32
**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
Crystal Cove DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$2,070,500
$5,200,000
151.1%
Average Price per Square Foot ...........................
$765
$977
27.7%
Properties Sold .......................................................
2
4
100.0%
Properties Pending Sale .......................................
2
2
0.0%
Properties For Sale ................................................
32
27
-15.6%
Days on Market (Pending Sale) ...........................
108
46
-57.4%
Month’s Supply of Inventory ................................
16
6.8
-57.8%
Percent Under Contract ........................................
6.2%
7.4%
18.5%
Average Median Price for Last 12 Months ........
$4,193,000
$4,170,231
-0.5%
*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.
$2.070
Jun
S A L E S M E D I A N
$5.200
(in hundred thousands)
P R I C E
yearly trend
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$4,170,231
PROPERTIES FOR SALE
27
DAYS ON MARKET**
75
shadow inventory
12
(12)
**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
Dana Point DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$724,500
$799,000
10.3%
Average Price per Square Foot ...........................
$380
$734
93.2%
Properties Sold .......................................................
36
39
8.3%
Properties Pending Sale .......................................
42
37
-11.9%
Properties For Sale ................................................
255
189
-25.9%
Days on Market (Pending Sale) ...........................
88
58
-34.1%
Month’s Supply of Inventory ................................
7.1
4.8
-31.6%
Percent Under Contract ........................................
16.5%
19.6%
18.9%
Average Median Price for Last 12 Months ........
$657,000
$775,231
18.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$799
$724
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**
$775,231
PROPERTIES FOR SALE
189
DAYS ON MARKET**
98
shadow inventory
30
**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
East Bluff - Harbor View DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$1,300,000
$2,107,500
62.1%
Average Price per Square Foot ...........................
$518
$608
17.4%
Properties Sold .......................................................
24
22
-8.3%
Properties Pending Sale .......................................
25
23
-8.0%
Properties For Sale ................................................
137
68
-50.4%
Days on Market (Pending Sale) ...........................
102
42
-58.8%
Month’s Supply of Inventory ................................
5.7
3.1
-45.9%
Percent Under Contract ........................................
18.2%
33.8%
85.4%
Average Median Price for Last 12 Months ........
$1,362,000
$1,459,761
7.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$2.107
P R I C E
yearly trend
M E D I A N
$1.300
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**
$1,459,761
PROPERTIES FOR SALE
68
DAYS ON MARKET**
78
shadow inventory
29
(29)
**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
East Costa Mesa DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$619,000
$777,000
25.5%
Average Price per Square Foot ...........................
$303
$453
49.5%
Properties Sold .......................................................
9
20
122.2%
Properties Pending Sale .......................................
9
21
133.3%
Properties For Sale ................................................
61
62
1.6%
Days on Market (Pending Sale) ...........................
67
35
-47.8%
Month’s Supply of Inventory ................................
6.8
3.1
-54.3%
Percent Under Contract ........................................
14.8%
33.9%
129.6%
Average Median Price for Last 12 Months ........
$649,000
$746,704
15.1%
*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.
(in hundred thousands)
$777
P R I C E
yearly trend
M E D I A N
S A L E S
$619
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**
$746,704
PROPERTIES FOR SALE
62
DAYS ON MARKET**
90
shadow inventory
25
(25)
**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
Fountain Valley DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$572,500
$654,000
14.2%
Average Price per Square Foot ...........................
$288
$330
14.6%
Properties Sold .......................................................
36
26
-27.8%
Properties Pending Sale .......................................
37
40
8.1%
Properties For Sale ................................................
122
81
-33.6%
Days on Market (Pending Sale) ...........................
87
28
-67.8%
Month’s Supply of Inventory ................................
3.4
3.1
-8.1%
Percent Under Contract ........................................
30.3%
49.4%
62.8%
Average Median Price for Last 12 Months ........
$542,000
$593,812
9.6%
*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.
$654
M E D I A N
S A L E S
(in hundred thousands)
$572
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**
$593,812
PROPERTIES FOR SALE
81
DAYS ON MARKET**
55
shadow inventory
38
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Huntington Beach DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$602,125
$712,000
18.2%
Average Price per Square Foot ...........................
$354
$404
14.1%
Properties Sold .......................................................
114
121
6.1%
Properties Pending Sale .......................................
113
125
10.6%
Properties For Sale ................................................
487
380
-22.0%
Days on Market (Pending Sale) ...........................
82
42
-48.8%
Month’s Supply of Inventory ................................
4.3
3.1
-26.5%
Percent Under Contract ........................................
23.2%
32.9%
41.8%
Average Median Price for Last 12 Months ........
$597,000
$645,650
8.1%
*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.
$712
M E D I A N
S A L E S
(in hundred thousands)
$602
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**
$645,650
PROPERTIES FOR SALE
380
DAYS ON MARKET**
68
shadow inventory
128
**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
Irvine DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$760,000
$876,500
15.3%
Average Price per Square Foot ...........................
$383
$422
10.2%
Properties Sold .......................................................
99
94
-5.1%
Properties Pending Sale .......................................
108
111
2.8%
Properties For Sale ................................................
453
331
-26.9%
Days on Market (Pending Sale) ...........................
77
37
-51.9%
Month’s Supply of Inventory ................................
4.6
3.5
-23.0%
Percent Under Contract ........................................
23.8%
33.5%
40.7%
Average Median Price for Last 12 Months ........
$693,000
$819,291
18.2%
*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.
$876
M E D I A N
S A L E S
(in hundred thousands)
$760
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**
$819,291
PROPERTIES FOR SALE
331
DAYS ON MARKET**
67
shadow inventory
93
**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
Ladera Ranch DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$675,000
$834,444
23.6%
Average Price per Square Foot ...........................
$265
$308
16.2%
Properties Sold .......................................................
29
44
51.7%
Properties Pending Sale .......................................
31
44
41.9%
Properties For Sale ................................................
135
128
-5.2%
Days on Market (Pending Sale) ...........................
81
43
-46.9%
Month’s Supply of Inventory ................................
4.7
2.9
-37.5%
Percent Under Contract ........................................
23.0%
34.4%
49.7%
Average Median Price for Last 12 Months ........
$635,000
$744,282
17.2%
*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.
$834
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**
$744,282
PROPERTIES FOR SALE
128
DAYS ON MARKET**
82
shadow inventory
24
**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
Laguna Beach DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$1,317,500
$1,527,500
15.9%
Average Price per Square Foot ...........................
$772
$904
17.1%
Properties Sold .......................................................
38
34
-10.5%
Properties Pending Sale .......................................
35
32
-8.6%
Properties For Sale ................................................
307
254
-17.3%
Days on Market (Pending Sale) ...........................
157
84
-46.5%
Month’s Supply of Inventory ................................
8.1
7.5
-7.5%
Percent Under Contract ........................................
11.4%
12.6%
10.5%
Average Median Price for Last 12 Months ........
$1,230,000
$1,449,862
17.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.527
M E D I A N
S A L E S
(in hundred thousands)
$1.317
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**
$1,449,862
PROPERTIES FOR SALE
254
DAYS ON MARKET**
110
shadow inventory
31
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Laguna Niguel DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$616,825
$835,000
35.4%
Average Price per Square Foot ...........................
$289
$360
24.6%
Properties Sold .......................................................
64
61
-4.7%
Properties Pending Sale .......................................
69
73
5.8%
Properties For Sale ................................................
313
214
-31.6%
Days on Market (Pending Sale) ...........................
85
44
-48.2%
Month’s Supply of Inventory ................................
4.9
3.5
-28.3%
Percent Under Contract ........................................
22.0%
34.1%
54.7%
Average Median Price for Last 12 Months ........
$640,000
$690,040
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.
(in hundred thousands)
$835
P R I C E
yearly trend
M E D I A N
S A L E S
$616
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**
$690,040
PROPERTIES FOR SALE
214
DAYS ON MARKET**
77
shadow inventory
83
**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
Laguna Hills DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$792,500
$716,000
-9.7%
Average Price per Square Foot ...........................
$275
$332
20.7%
Properties Sold .......................................................
26
20
-23.1%
Properties Pending Sale .......................................
18
21
16.7%
Properties For Sale ................................................
100
83
-17.0%
Days on Market (Pending Sale) ...........................
90
24
-73.3%
Month’s Supply of Inventory ................................
3.8
4.2
7.9%
Percent Under Contract ........................................
18.0%
25.3%
40.6%
Average Median Price for Last 12 Months ........
$556,000
$667,496
20.1%
*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.
$792
M E D I A N
S A L E S
(in hundred thousands)
$716
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**
$667,496
PROPERTIES FOR SALE
83
DAYS ON MARKET**
66
shadow inventory
40
**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
Laguna Woods DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$0
$625,000
%
Average Price per Square Foot ...........................
$0
$393
%
Properties Sold .......................................................
0
1
%
Properties Pending Sale .......................................
0
0
%
Properties For Sale ................................................
0
2
%
Days on Market (Pending Sale) ...........................
0
0
%
2
%
Month’s Supply of Inventory ................................ Percent Under Contract ........................................
%
0.0%
%
Average Median Price for Last 12 Months ........
$582,000
$582,000
0.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$625
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**
$582,000
PROPERTIES FOR SALE
2
DAYS ON MARKET**
28
shadow inventory
0
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Lower Newport Bay - Balboa Island DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$2,500,000
$2,425,000
-3.0%
Average Price per Square Foot ...........................
$847
$1,044
23.3%
Properties Sold .......................................................
7
5
-28.6%
Properties Pending Sale .......................................
9
6
-33.3%
Properties For Sale ................................................
62
36
-41.9%
Days on Market (Pending Sale) ...........................
156
50
-67.9%
Month’s Supply of Inventory ................................
8.9
7.2
-18.7%
Percent Under Contract ........................................
14.5%
16.7%
14.8%
Average Median Price for Last 12 Months ........
$2,014,000
$2,316,923
15.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$2.425
S A L E S
$2.500
(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**
$2,316,923
PROPERTIES FOR SALE
36
DAYS ON MARKET**
111
shadow inventory
17
(17)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Mission Viejo DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$494,500
$600,000
21.3%
Average Price per Square Foot ...........................
$253
$318
25.7%
Properties Sold .......................................................
106
84
-20.8%
Properties Pending Sale .......................................
85
102
20.0%
Properties For Sale ................................................
319
245
-23.2%
Days on Market (Pending Sale) ...........................
74
40
-45.9%
Month’s Supply of Inventory ................................
3
2.9
-3.1%
Percent Under Contract ........................................
26.6%
41.6%
56.2%
Average Median Price for Last 12 Months ........
$477,000
$549,865
15.3%
*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.
$600
M E D I A N
S A L E S
(in hundred thousands)
$494
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**
$549,865
PROPERTIES FOR SALE
245
DAYS ON MARKET**
59
shadow inventory
139
**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
Newport Beach DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$1,312,500
$1,831,250
39.5%
Average Price per Square Foot ...........................
$647
$696
7.6%
Properties Sold .......................................................
64
49
-23.4%
Properties Pending Sale .......................................
62
58
-6.5%
Properties For Sale ................................................
447
265
-40.7%
Days on Market (Pending Sale) ...........................
121
64
-47.1%
Month’s Supply of Inventory ................................
7
5.4
-22.6%
Percent Under Contract ........................................
13.9%
21.9%
57.8%
Average Median Price for Last 12 Months ........
$1,323,000
$1,526,058
15.3%
*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)
$1.831
P R I C E
yearly trend
M E D I A N
S A L E S
$1.312
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**
$1,526,058
PROPERTIES FOR SALE
265
DAYS ON MARKET**
97
shadow inventory
53
**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
Newport Coast DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$1,931,000
$2,872,500
48.8%
Average Price per Square Foot ...........................
$719
$757
5.3%
Properties Sold .......................................................
18
16
-11.1%
Properties Pending Sale .......................................
13
12
-7.7%
Properties For Sale ................................................
142
91
-35.9%
Days on Market (Pending Sale) ...........................
58
62
6.9%
Month’s Supply of Inventory ................................
7.9
5.7
-27.9%
Percent Under Contract ........................................
9.2%
13.2%
44.0%
Average Median Price for Last 12 Months ........
$1,935,000
$2,592,192
34.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$2.872
P R I C E
yearly trend
M E D I A N
$1.931
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**
$2,592,192
PROPERTIES FOR SALE
91
DAYS ON MARKET**
89
shadow inventory
8
**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
Newport Heights DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$1,275,000
$1,385,000
8.6%
Average Price per Square Foot ...........................
$624
$567
-9.1%
Properties Sold .......................................................
9
5
-44.4%
Properties Pending Sale .......................................
6
5
-16.7%
Properties For Sale ................................................
31
33
6.5%
Days on Market (Pending Sale) ...........................
97
68
-29.9%
Month’s Supply of Inventory ................................
3.4
6.6
91.6%
Percent Under Contract ........................................
19.4%
15.2%
-21.7%
Average Median Price for Last 12 Months ........
$1,128,000
$1,437,417
27.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.385
$1.275
(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**
$1,437,417
PROPERTIES FOR SALE
33
DAYS ON MARKET**
77
shadow inventory
17
(17)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Rancho Santa Margarita DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$555,000
$672,500
21.2%
Average Price per Square Foot ...........................
$238
$303
27.3%
Properties Sold .......................................................
67
58
-13.4%
Properties Pending Sale .......................................
57
45
-21.1%
Properties For Sale ................................................
173
107
-38.2%
Days on Market (Pending Sale) ...........................
107
31
-71.0%
Month’s Supply of Inventory ................................
2.6
1.8
-28.6%
Percent Under Contract ........................................
32.9%
42.1%
27.6%
Average Median Price for Last 12 Months ........
$503,000
$568,558
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.
$672
M E D I A N
S A L E S
(in hundred thousands)
$555
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**
$568,558
PROPERTIES FOR SALE
107
DAYS ON MARKET**
67
shadow inventory
54
**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
San Clemente DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$660,000
$855,000
29.5%
Average Price per Square Foot ...........................
$298
$372
24.8%
Properties Sold .......................................................
83
69
-16.9%
Properties Pending Sale .......................................
80
77
-3.8%
Properties For Sale ................................................
354
295
-16.7%
Days on Market (Pending Sale) ...........................
103
58
-43.7%
Month’s Supply of Inventory ................................
4.3
4.3
0.2%
Percent Under Contract ........................................
22.6%
26.1%
15.5%
Average Median Price for Last 12 Months ........
$658,000
$736,573
11.9%
*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.
$855
M E D I A N
S A L E S
(in hundred thousands)
$660
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**
$736,573
PROPERTIES FOR SALE
295
DAYS ON MARKET**
76
shadow inventory
87
**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
San Juan Capistrano DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$854,900
$875,000
2.4%
Average Price per Square Foot ...........................
$280
$327
16.8%
Properties Sold .......................................................
43
27
-37.2%
Properties Pending Sale .......................................
41
28
-31.7%
Properties For Sale ................................................
170
144
-15.3%
Days on Market (Pending Sale) ...........................
109
46
-57.8%
Month’s Supply of Inventory ................................
4
5.3
34.9%
Percent Under Contract ........................................
24.1%
19.4%
-19.4%
Average Median Price for Last 12 Months ........
$586,000
$687,088
17.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$875
M E D I A N
S A L E S
(in hundred thousands)
$854
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**
$687,088
PROPERTIES FOR SALE
144
DAYS ON MARKET**
77
shadow inventory
45
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Shady Canyon DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$3,275,000
$0
-100.0%
Average Price per Square Foot ...........................
$617
$0
-100.0%
Properties Sold .......................................................
2
0
-100.0%
Properties Pending Sale .......................................
5
1
-80.0%
Properties For Sale ................................................
28
11
-60.7%
Days on Market (Pending Sale) ...........................
120
310
158.3%
Month’s Supply of Inventory ................................
14
Percent Under Contract ........................................
17.9%
9.1%
-49.1%
Average Median Price for Last 12 Months ........
$4,209,000
$5,161,250
22.6%
%
*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)
P R I C E
yearly trend
M E D I A N
$3.275
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**
$5,161,250
PROPERTIES FOR SALE
11
DAYS ON MARKET**
123
shadow inventory
0
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Turtle Ridge DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$2,007,500
$2,031,500
1.2%
Average Price per Square Foot ...........................
$546
$584
7.0%
Properties Sold .......................................................
6
6
0.0%
Properties Pending Sale .......................................
8
7
-12.5%
Properties For Sale ................................................
36
23
-36.1%
Days on Market (Pending Sale) ...........................
107
40
-62.6%
Month’s Supply of Inventory ................................
6
3.8
-36.1%
Percent Under Contract ........................................
22.2%
30.4%
37.0%
Average Median Price for Last 12 Months ........
$1,902,000
$2,033,462
6.9%
*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
$2.031
$2.007
(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**
$2,033,462
PROPERTIES FOR SALE
23
DAYS ON MARKET**
93
shadow inventory
17
(17)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Turtle Rock DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$823,250
$1,205,000
46.4%
Average Price per Square Foot ...........................
$435
$581
33.6%
Properties Sold .......................................................
6
2
-66.7%
Properties Pending Sale .......................................
6
1
-83.3%
Properties For Sale ................................................
30
4
-86.7%
Days on Market (Pending Sale) ...........................
64
9
-85.9%
Month’s Supply of Inventory ................................
5
2
-60.0%
Percent Under Contract ........................................
20.0%
25.0%
25.0%
Average Median Price for Last 12 Months ........
$1,013,000
$1,059,229
4.6%
*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)
$1.205
P R I C E
yearly trend
M E D I A N
$823
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**
$1,059,229
PROPERTIES FOR SALE
4
DAYS ON MARKET**
88
shadow inventory
0
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Westminster DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$385,000
$510,000
32.5%
Average Price per Square Foot ...........................
$278
$277
-0.4%
Properties Sold .......................................................
31
40
29.0%
Properties Pending Sale .......................................
45
37
-17.8%
Properties For Sale ................................................
166
110
-33.7%
Days on Market (Pending Sale) ...........................
68
20
-70.6%
Month’s Supply of Inventory ................................
5.4
2.8
-48.6%
Percent Under Contract ........................................
27.1%
33.6%
24.1%
Average Median Price for Last 12 Months ........
$391,000
$434,033
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.
$510
M E D I A N
S A L E S
(in hundred thousands)
$385
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**
$434,033
PROPERTIES FOR SALE
110
DAYS ON MARKET**
47
shadow inventory
76
**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 Bay - Santa Ana Heights DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$1,225,000
$1,295,500
5.8%
Average Price per Square Foot ...........................
$434
$580
33.6%
Properties Sold .......................................................
9
6
-33.3%
Properties Pending Sale .......................................
8
10
25.0%
Properties For Sale ................................................
64
33
-48.4%
Days on Market (Pending Sale) ...........................
105
51
-51.4%
Month’s Supply of Inventory ................................
7.1
5.5
-22.7%
Percent Under Contract ........................................
12.5%
30.3%
142.4%
Average Median Price for Last 12 Months ........
$1,120,000
$1,256,592
12.2%
*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.
M E D I A N
S A L E S
(in hundred thousands)
$1.295
$1.225
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**
$1,256,592
PROPERTIES FOR SALE
33
DAYS ON MARKET**
91
shadow inventory
29
(29)
**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 Newport - Lido DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$1,325,000
$1,474,500
11.3%
Average Price per Square Foot ...........................
$979
$636
-35.0%
Properties Sold .......................................................
13
6
-53.8%
Properties Pending Sale .......................................
6
9
50.0%
Properties For Sale ................................................
69
57
-17.4%
Days on Market (Pending Sale) ...........................
132
144
9.1%
Month’s Supply of Inventory ................................
5.3
9.5
79.0%
Percent Under Contract ........................................
8.7%
15.8%
81.6%
Average Median Price for Last 12 Months ........
$1,264,000
$1,779,577
40.8%
*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
$1.474
$1.325
(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**
$1,779,577
PROPERTIES FOR SALE
57
DAYS ON MARKET**
121
shadow inventory
17
(17)
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Navigating Solutions. At Riviera Financial, the business of real estate finance is about much more than loans. It is about offering diverse and competitive products; advising borrowers to make informed choices to support and protect their security; providing extraordinarily thorough customer care; and navigating solutions. Our customers expect and deserve the highest level of service and performance in all of their borrowing activities. When it comes to dedicated, comprehensive real estate finance, Riviera Financial delivers.
Get the full lending experience at rivierafinancial.com or contact a loan professional by calling 424.203.1850
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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.