Teles intelligence
micro market report orange county MARCH 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 : March 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
March 2013 : Micro Market Report
Orange County Macro Market DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$469,000
$590,000
25.8%
Average Price per Square Foot ...........................
$307
$352
14.7%
Properties Sold .......................................................
1575
1709
8.5%
Properties Pending Sale .......................................
1966
2015
2.5%
Properties For Sale ................................................
9073
4951
-45.4%
Days on Market (Pending Sale) ...........................
104
63
-39.4%
Month’s Supply of Inventory ................................
5.8
2.9
-49.7%
Percent Under Contract ........................................
21.7%
40.7%
87.8%
Average Median Price for Last 12 Months ........
$491,000
$532,892
8.5%
*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.
$590
M E D I A N
S A L E S
(in hundred thousands)
$469
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
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telesintelligence.com
Balboa Peninsula DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$1,145,000
$1,625,000
41.9%
Average Price per Square Foot ...........................
$1,036
$742
-28.4%
Properties Sold .......................................................
2
3
50.0%
Properties Pending Sale .......................................
4
14
250.0%
Properties For Sale ................................................
75
52
-30.7%
Days on Market (Pending Sale) ...........................
222
125
-43.7%
Month’s Supply of Inventory ................................
37.5
17.3
-53.8%
Percent Under Contract ........................................
5.3%
26.9%
404.8%
Average Median Price for Last 12 Months ........
$2,230,000
$1,903,808
-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.
MAR
M E D I A N
$1.145
S A L E S
$1.625
(in hundred thousands)
P R I C E
yearly trend
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$1,903,808 PROPERTIES FOR SALE
52 DAYS ON MARKET**
157 shadow inventory
6
(92663, 92661 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Corona del Mar - Spyglass DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$1,700,000
$2,475,000
45.6%
Average Price per Square Foot ...........................
$794
$823
3.7%
Properties Sold .......................................................
16
16
0.0%
Properties Pending Sale .......................................
15
13
-13.3%
Properties For Sale ................................................
115
61
-47.0%
Days on Market (Pending Sale) ...........................
91
100
9.9%
Month’s Supply of Inventory ................................
7.2
3.8
-47.0%
Percent Under Contract ........................................
13.0%
21.3%
63.4%
Average Median Price for Last 12 Months ........
$1,862,000
$1,795,596
-3.6%
*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)
$2.475
P R I C E
yearly trend
M E D I A N
S A L E S
$1.700
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$1,795,596 PROPERTIES FOR SALE
61 DAYS ON MARKET**
105 shadow inventory
14
(92625 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Coto de Caza DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$749,950
$931,250
24.2%
Average Price per Square Foot ...........................
$256
$288
12.5%
Properties Sold .......................................................
16
30
87.5%
Properties Pending Sale .......................................
24
30
25.0%
Properties For Sale ................................................
156
96
-38.5%
Days on Market (Pending Sale) ...........................
102
62
-39.2%
Month’s Supply of Inventory ................................
9.8
3.2
-67.2%
Percent Under Contract ........................................
15.4%
31.3%
103.1%
Average Median Price for Last 12 Months ........
$942,000
$906,250
-3.8%
*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)
$931
P R I C E
yearly trend
M E D I A N
S A L E S
$750
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$906,250 PROPERTIES FOR SALE
96 DAYS ON MARKET**
112 shadow inventory
27 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Crystal Cove DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$2,937,500
$3,975,000
35.3%
Average Price per Square Foot ...........................
$684
$1,026
50.0%
Properties Sold .......................................................
2
3
50.0%
Properties Pending Sale .......................................
2
4
100.0%
Properties For Sale ................................................
35
24
-31.4%
Days on Market (Pending Sale) ...........................
132
106
-19.7%
Month’s Supply of Inventory ................................
17.5
8.0
-54.3%
Percent Under Contract ........................................
5.7%
16.7%
191.7%
Average Median Price for Last 12 Months ........
$4,343,000
$3,997,538
-8.0%
*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.
MAR
M E D I A N
$2.938
S A L E S
$3.975
(in hundred thousands)
P R I C E
yearly trend
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$3,997,538 PROPERTIES FOR SALE
24 DAYS ON MARKET**
75 shadow inventory
16
(92657 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Dana Point DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$630,000
$729,500
15.8%
Average Price per Square Foot ...........................
$348
$544
56.3%
Properties Sold .......................................................
27
39
44.4%
Properties Pending Sale .......................................
27
30
11.1%
Properties For Sale ................................................
219
139
-36.5%
Days on Market (Pending Sale) ...........................
117
80
-31.6%
Month’s Supply of Inventory ................................
8.1
3.6
-56.1%
Percent Under Contract ........................................
12.3%
21.6%
75.1%
Average Median Price for Last 12 Months ........
$636,000
$723,769
13.8%
*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
$630
(in hundred thousands)
$730
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$723,769 PROPERTIES FOR SALE
139 DAYS ON MARKET**
108 shadow inventory
40
(92657 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
East Bluff - Harbor View DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$1,200,000
$1,355,000
12.9%
Average Price per Square Foot ...........................
$515
$585
13.6%
Properties Sold .......................................................
21
26
23.8%
Properties Pending Sale .......................................
24
33
37.5%
Properties For Sale ................................................
140
84
-40.0%
Days on Market (Pending Sale) ...........................
80
75
-6.3%
Month’s Supply of Inventory ................................
6.7
3.2
-51.5%
Percent Under Contract ........................................
17.1%
39.3%
129.2%
Average Median Price for Last 12 Months ........
$1,375,000
$1,337,534
-2.7%
*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
S A L E S
(in hundred thousands)
$1.355
$1.200
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
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NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$1,337,534 PROPERTIES FOR SALE
84 DAYS ON MARKET**
83 shadow inventory
29
(92660 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
East Costa Mesa DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$658,500
$724,950
10.1%
Average Price per Square Foot ...........................
$387
$443
14.5%
Properties Sold .......................................................
18
22
22.2%
Properties Pending Sale .......................................
14
16
14.3%
Properties For Sale ................................................
64
38
-40.6%
Days on Market (Pending Sale) ...........................
120
35
-70.8%
Month’s Supply of Inventory ................................
3.6
1.7
-51.4%
Percent Under Contract ........................................
21.9%
42.1%
92.5%
Average Median Price for Last 12 Months ........
$661,000
$701,542
6.1%
*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.
$725
M E D I A N
S A L E S
(in hundred thousands)
$659
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$701,542 PROPERTIES FOR SALE
38 DAYS ON MARKET**
101 shadow inventory
34
(92627 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Fountain Valley DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$525,000
$588,750
12.1%
Average Price per Square Foot ...........................
$279
$290
3.9%
Properties Sold .......................................................
28
22
-21.4%
Properties Pending Sale .......................................
37
31
-16.2%
Properties For Sale ................................................
127
58
-54.3%
Days on Market (Pending Sale) ...........................
69
29
-58.0%
Month’s Supply of Inventory ................................
4.5
2.6
-41.9%
Percent Under Contract ........................................
29.1%
53.4%
83.5%
Average Median Price for Last 12 Months ........
$547,000
$569,042
4.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$589
$525
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$569,042 PROPERTIES FOR SALE
58 DAYS ON MARKET**
64 shadow inventory
44 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Huntington Beach DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$597,000
$690,000
15.6%
Average Price per Square Foot ...........................
$338
$388
14.8%
Properties Sold .......................................................
107
92
-14.0%
Properties Pending Sale .......................................
134
128
-4.5%
Properties For Sale ................................................
504
300
-40.5%
Days on Market (Pending Sale) ...........................
87
37
-57.5%
Month’s Supply of Inventory ................................
4.7
3.3
-30.8%
Percent Under Contract ........................................
26.6%
42.7%
60.5%
Average Median Price for Last 12 Months ........
$594,000
$631,006
6.2%
*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.
$690
M E D I A N
S A L E S
(in hundred thousands)
$597
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$631,006 PROPERTIES FOR SALE
300 DAYS ON MARKET**
77 shadow inventory
151 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Irvine DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$691,500
$835,000
20.8%
Average Price per Square Foot ...........................
$425
$412
-3.1%
Properties Sold .......................................................
71
113
59.2%
Properties Pending Sale .......................................
118
123
4.2%
Properties For Sale ................................................
455
241
-47.0%
Days on Market (Pending Sale) ...........................
89
38
-57.3%
Month’s Supply of Inventory ................................
6.4
2.1
-66.7%
Percent Under Contract ........................................
25.9%
51.0%
96.8%
Average Median Price for Last 12 Months ........
$701,000
$772,408
10.2%
*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.
$835
M E D I A N
S A L E S
(in hundred thousands)
$692
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$772,408 PROPERTIES FOR SALE
241 DAYS ON MARKET**
77 shadow inventory
109 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Ladera Ranch DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$642,500
$867,725
35.1%
Average Price per Square Foot ...........................
$248
$281
13.3%
Properties Sold .......................................................
24
26
8.3%
Properties Pending Sale .......................................
34
27
-20.6%
Properties For Sale ................................................
147
77
-47.6%
Days on Market (Pending Sale) ...........................
116
26
-77.6%
Month’s Supply of Inventory ................................
6.1
3.0
-51.6%
Percent Under Contract ........................................
23.1%
35.1%
51.6%
Average Median Price for Last 12 Months ........
$635,000
$709,594
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.
(in hundred thousands)
$868
P R I C E
yearly trend
M E D I A N
S A L E S
$643
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$709,594 PROPERTIES FOR SALE
77 DAYS ON MARKET**
94 shadow inventory
29 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Laguna Beach DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$1,400,000
$1,375,000
-1.8%
Average Price per Square Foot ...........................
$784
$801
2.2%
Properties Sold .......................................................
29
31
6.9%
Properties Pending Sale .......................................
39
40
2.6%
Properties For Sale ................................................
308
217
-29.5%
Days on Market (Pending Sale) ...........................
123
83
-32.5%
Month’s Supply of Inventory ................................
10.6
7.0
-34.1%
Percent Under Contract ........................................
12.7%
18.4%
45.6%
Average Median Price for Last 12 Months ........
$1,190,000
$1,396,154
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.
M E D I A N
S A L E S
$1.375
(in hundred thousands)
$1.400
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$1,396,154 PROPERTIES FOR SALE
217 DAYS ON MARKET**
126 shadow inventory
30 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Laguna Hills DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$445,000
$665,000
49.4%
Average Price per Square Foot ...........................
$257
$326
26.8%
Properties Sold .......................................................
19
15
-21.1%
Properties Pending Sale .......................................
33
36
9.1%
Properties For Sale ................................................
123
72
-41.5%
Days on Market (Pending Sale) ...........................
87
29
-66.7%
Month’s Supply of Inventory ................................
6.5
4.8
-25.9%
Percent Under Contract ........................................
26.8%
50.0%
86.4%
Average Median Price for Last 12 Months ........
$582,000
$622,069
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.
S A L E S M E D I A N
$445
(in hundred thousands)
$665
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$622,069 PROPERTIES FOR SALE
72 DAYS ON MARKET**
75 shadow inventory
38 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Laguna Niguel DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$630,000
$734,500
16.6%
Average Price per Square Foot ...........................
$315
$326
3.5%
Properties Sold .......................................................
59
46
-22.0%
Properties Pending Sale .......................................
71
69
-2.8%
Properties For Sale ................................................
333
186
-44.1%
Days on Market (Pending Sale) ...........................
106
48
-54.7%
Month’s Supply of Inventory ................................
5.6
4.0
-28.4%
Percent Under Contract ........................................
21.3%
37.1%
74.0%
Average Median Price for Last 12 Months ........
$654,000
$653,102
-0.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$735
M E D I A N
S A L E S
(in hundred thousands)
$630
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$653,102 PROPERTIES FOR SALE
186 DAYS ON MARKET**
91 shadow inventory
84 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Long Beach DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$345,000
$415,000
20.3%
Average Price per Square Foot ...........................
$267
$313
17.2%
Properties Sold .......................................................
185
182
-1.6%
Properties Pending Sale .......................................
199
226
13.6%
Properties For Sale ................................................
974
541
-44.5%
Days on Market (Pending Sale) ...........................
79
54
-31.6%
Month’s Supply of Inventory ................................
5.3
3.0
-43.5%
Percent Under Contract ........................................
20.4%
41.8%
104.5%
Average Median Price for Last 12 Months ........
$349,000
$376,562
7.9%
*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.
$415
M E D I A N
S A L E S
(in hundred thousands)
$345
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$376,562 PROPERTIES FOR SALE
541 DAYS ON MARKET**
70 shadow inventory
366 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Lower Newport Bay - Balboa Island DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$1,875,000
$2,105,000
12.3%
Average Price per Square Foot ...........................
$700
$832
18.9%
Properties Sold .......................................................
5
6
20.0%
Properties Pending Sale .......................................
5
7
40.0%
Properties For Sale ................................................
60
33
-45.0%
Days on Market (Pending Sale) ...........................
89
116
30.3%
Month’s Supply of Inventory ................................
12.0
5.5
-54.2%
Percent Under Contract ........................................
8.3%
21.2%
154.5%
Average Median Price for Last 12 Months ........
$2,001,000
$2,305,385
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.
M E D I A N
S A L E S
$2.105
$1.875
(in hundred thousands)
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$2,305,385 PROPERTIES FOR SALE
33 DAYS ON MARKET**
126 shadow inventory
21
(92660, 92662, 92663 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Mission Viejo DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$463,000
$575,000
24.2%
Average Price per Square Foot ...........................
$242
$294
21.5%
Properties Sold .......................................................
77
94
22.1%
Properties Pending Sale .......................................
96
90
-6.3%
Properties For Sale ................................................
359
182
-49.3%
Days on Market (Pending Sale) ...........................
100
33
-67.0%
Month’s Supply of Inventory ................................
4.7
1.9
-58.5%
Percent Under Contract ........................................
26.7%
49.5%
84.9%
Average Median Price for Last 12 Months ........
$476,000
$520,288
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.
$575
M E D I A N
S A L E S
(in hundred thousands)
$463
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$520,288 PROPERTIES FOR SALE
182 DAYS ON MARKET**
72 shadow inventory
154 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Newport Beach DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$1,200,000
$1,542,500
28.5%
Average Price per Square Foot ...........................
$548
$619
13.0%
Properties Sold .......................................................
49
56
14.3%
Properties Pending Sale .......................................
53
87
64.2%
Properties For Sale ................................................
441
268
-39.2%
Days on Market (Pending Sale) ...........................
103
89
-13.6%
Month’s Supply of Inventory ................................
9.0
4.8
-46.8%
Percent Under Contract ........................................
12.0%
32.5%
170.1%
Average Median Price for Last 12 Months ........
$1,339,000
$1,441,462
7.7%
*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.
(in hundred thousands)
$1.543
P R I C E
yearly trend
M E D I A N
S A L E S
$1.200
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$1,441,462 PROPERTIES FOR SALE
268 DAYS ON MARKET**
107 shadow inventory
55 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Newport Coast DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$1,890,000
$3,797,500
100.9%
Average Price per Square Foot ...........................
$621
$767
23.5%
Properties Sold .......................................................
12
18
50.0%
Properties Pending Sale .......................................
13
28
115.4%
Properties For Sale ................................................
132
92
-30.3%
Days on Market (Pending Sale) ...........................
122
104
-14.8%
Month’s Supply of Inventory ................................
11.0
5.1
-53.5%
Percent Under Contract ........................................
9.8%
30.4%
209.0%
Average Median Price for Last 12 Months ........
$1,994,000
$2,380,596
19.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$3.798
P R I C E
yearly trend
M E D I A N
$1.890
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$2,380,596 PROPERTIES FOR SALE
92 DAYS ON MARKET**
91 shadow inventory
13 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Newport Heights DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$898,000
$1,540,000
71.5%
Average Price per Square Foot ...........................
$616
$605
-1.8%
Properties Sold .......................................................
3
5
66.7%
Properties Pending Sale .......................................
3
8
166.7%
Properties For Sale ................................................
31
25
-19.4%
Days on Market (Pending Sale) ...........................
64
97
51.6%
Month’s Supply of Inventory ................................
10.3
5.0
-51.6%
Percent Under Contract ........................................
9.7%
32.0%
230.7%
Average Median Price for Last 12 Months ........
$1,173,000
$1,313,458
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.
S A L E S
(in hundred thousands)
$1.540
P R I C E
yearly trend
M E D I A N
$898
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$1,313,458 PROPERTIES FOR SALE
25 DAYS ON MARKET**
87 shadow inventory
21
(92663 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Rancho Santa Margarita DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$453,750
$620,000
36.6%
Average Price per Square Foot ...........................
$235
$268
14.0%
Properties Sold .......................................................
36
50
38.9%
Properties Pending Sale .......................................
56
53
-5.4%
Properties For Sale ................................................
216
79
-63.4%
Days on Market (Pending Sale) ...........................
118
26
-78.0%
Month’s Supply of Inventory ................................
6.0
1.6
-73.7%
Percent Under Contract ........................................
25.9%
67.1%
158.8%
Average Median Price for Last 12 Months ........
$502,000
$537,577
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$620
P R I C E
yearly trend
M E D I A N
$454
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$537,577 PROPERTIES FOR SALE
79 DAYS ON MARKET**
81 shadow inventory
65 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
San Clemente DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$690,000
$755,000
9.4%
Average Price per Square Foot ...........................
$272
$316
16.2%
Properties Sold .......................................................
66
69
4.5%
Properties Pending Sale .......................................
85
83
-2.4%
Properties For Sale ................................................
357
223
-37.5%
Days on Market (Pending Sale) ...........................
113
55
-51.3%
Month’s Supply of Inventory ................................
5.4
3.2
-40.3%
Percent Under Contract ........................................
23.8%
37.2%
56.3%
Average Median Price for Last 12 Months ........
$657,000
$707,881
7.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$755
M E D I A N
S A L E S
(in hundred thousands)
$690
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$707,881 PROPERTIES FOR SALE
223 DAYS ON MARKET**
89 shadow inventory
83 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
San Juan Capistrano DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$424,000
$805,000
89.9%
Average Price per Square Foot ...........................
$252
$332
31.7%
Properties Sold .......................................................
24
20
-16.7%
Properties Pending Sale .......................................
24
34
41.7%
Properties For Sale ................................................
160
112
-30.0%
Days on Market (Pending Sale) ...........................
106
74
-30.2%
Month’s Supply of Inventory ................................
6.7
5.6
-16.0%
Percent Under Contract ........................................
15.0%
30.4%
102.4%
Average Median Price for Last 12 Months ........
$563,000
$611,319
8.6%
*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)
$805
P R I C E
yearly trend
M E D I A N
$424
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$611,319 PROPERTIES FOR SALE
112 DAYS ON MARKET**
86 shadow inventory
48 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Shady Canyon DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$4,500,000
$4,475,000
-0.6%
Average Price per Square Foot ...........................
$802
$726
-9.5%
Properties Sold .......................................................
4
2
-50.0%
Properties Pending Sale .......................................
3
1
-66.7%
Properties For Sale ................................................
21
12
-42.9%
Days on Market (Pending Sale) ...........................
94
185
96.8%
Month’s Supply of Inventory ................................
5.3
6.0
14.3%
Percent Under Contract ........................................
14.3%
8.3%
-41.7%
Average Median Price for Last 12 Months ........
$4,056,000
$4,597,853
13.4%
*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
$4.475
S A L E S
$4.500
(in hundred thousands)
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$4,597,853 PROPERTIES FOR SALE
12 DAYS ON MARKET**
93 shadow inventory
0 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Turtle Ridge DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$1,600,000
$1,582,500
-1.1%
Average Price per Square Foot ...........................
$520
$555
6.7%
Properties Sold .......................................................
3
4
33.3%
Properties Pending Sale .......................................
4
6
50.0%
Properties For Sale ................................................
29
17
-41.4%
Days on Market (Pending Sale) ...........................
161
57
-64.6%
Month’s Supply of Inventory ................................
9.7
4.3
-56.0%
Percent Under Contract ........................................
13.8%
35.3%
155.9%
Average Median Price for Last 12 Months ........
$1,887,000
$2,011,346
6.6%
*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.
M E D I A N
$1.583
S A L E S
$1.600
(in hundred thousands)
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$2,011,346 PROPERTIES FOR SALE
17 DAYS ON MARKET**
108 shadow inventory
17
(92603 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Turtle Rock DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$797,500
$960,000
20.4%
Average Price per Square Foot ...........................
$390
$449
15.1%
Properties Sold .......................................................
4
3
-25.0%
Properties Pending Sale .......................................
2
2
0.0%
Properties For Sale ................................................
21
7
-66.7%
Days on Market (Pending Sale) ...........................
70
57
-18.6%
Month’s Supply of Inventory ................................
5.3
2.3
-55.6%
Percent Under Contract ........................................
9.5%
28.6%
200.0%
Average Median Price for Last 12 Months ........
$1,074,000
$986,271
-8.2%
*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
$978
S A L E S
$960
(in hundred thousands)
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$986,271 PROPERTIES FOR SALE
7 DAYS ON MARKET**
96 shadow inventory
0 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
West Bay - Santa Ana Heights DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$1,087,500
$1,210,000
11.3%
Average Price per Square Foot ...........................
$494
$431
-12.8%
Properties Sold .......................................................
10
9
-10.0%
Properties Pending Sale .......................................
10
18
80.0%
Properties For Sale ................................................
62
40
-35.5%
Days on Market (Pending Sale) ...........................
151
74
-51.0%
Month’s Supply of Inventory ................................
6.2
4.4
-28.3%
Percent Under Contract ........................................
16.1%
45.0%
179.0%
Average Median Price for Last 12 Months ........
$1,088,000
$1,205,592
10.8%
*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
$1.210
$1.088
(in hundred thousands)
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$1,205,592 PROPERTIES FOR SALE
40 DAYS ON MARKET**
103 shadow inventory
29
(92660 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
West Newport - Lido DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$1,300,000
$1,550,000
19.2%
Average Price per Square Foot ...........................
$576
$883
53.3%
Properties Sold .......................................................
7
7
0.0%
Properties Pending Sale .......................................
7
7
0.0%
Properties For Sale ................................................
73
34
-53.4%
Days on Market (Pending Sale) ...........................
69
85
23.2%
Month’s Supply of Inventory ................................
10.4
4.9
-53.4%
Percent Under Contract ........................................
9.6%
20.6%
114.7%
Average Median Price for Last 12 Months ........
$1,251,000
$1,720,962
37.6%
*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.
MAR
M E D I A N
S A L E S
$1.550
$1.300
(in hundred thousands)
P R I C E
yearly trend
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$1,720,962 PROPERTIES FOR SALE
34 DAYS ON MARKET**
126 shadow inventory
21
(92663 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Westminster DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$372,500
$450,000
20.8%
Average Price per Square Foot ...........................
$257
$284
10.5%
Properties Sold .......................................................
36
33
-8.3%
Properties Pending Sale .......................................
44
35
-20.5%
Properties For Sale ................................................
198
82
-58.6%
Days on Market (Pending Sale) ...........................
87
31
-64.4%
Month’s Supply of Inventory ................................
5.5
2.5
-54.8%
Percent Under Contract ........................................
22.2%
42.7%
92.1%
Average Median Price for Last 12 Months ........
$396,000
$409,321
3.4%
*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.
$450
M E D I A N
S A L E S
(in hundred thousands)
$373
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$409,321 PROPERTIES FOR SALE
82 DAYS ON MARKET**
57 shadow inventory
69 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Navigating Solutions. At Riviera Financial, the business of real estate finance is about much more than loans. It is about offering diverse and competitive products; advising borrowers to make informed choices to support and protect their security; providing extraordinarily thorough customer care; and navigating solutions. Our customers expect and deserve the highest level of service and performance in all of their borrowing activities. When it comes to dedicated, comprehensive real estate finance, Riviera Financial delivers.
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References
CONTACTS:
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 MARCH 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.