Teles intelligence
micro market report los angeles MAY 2012 | SINGLE FAMILY HOMES 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
r i v i e r a f i n a n c i a l . c o m 4 Locations to Serve You | Beverly Hills, Brentwood, Newport Beach & Pasadena Riviera Financial dba Mortgage Capital Partners, Inc. NMLS#239902 California Real Estate #00931610
Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
Median Price:
Days of market (Pending Sale):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
Month’s Supply of Inventory:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
Average Price per Square Foot:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
Percent Under Contract:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
Properties Sold:
The number of property transactions
Average Median Price for Last 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
Properties Pending Sale:
ending in the identified month
The number of properties that entered escrow in preparation for sale.
Shadow Inventory:
Properties in Pre-Foreclosure, Bank Properties For Sale:
Owned or Auction as identified by
The number of properties on the
ForeclosureRadar.com
market and seeking buyers.
los angeles
orange
san gab
Los Angeles Macro Market
Brentwood
Los Feliz
Bel Air - Holmby Hills
Cheviot Hills - Rancho Park
Malibu
Beverly Center - Miracle Mile
Culver City
Malibu Beach
Beverly Hills
Hancock Park - Wilshire
Marina del Rey
Beverly Hills P.O.
Hollywood
Mid Los Angeles
Beverlywood
Hollywood Hills East
Mid Wilshire
Micro Market Report : May 2012
telesintelligence.com
e county
san fernando
briel
south bay Pacific Palisades
Venice
Palms - Mar Vista
West Hollywood
Playa del Rey
West Los Angeles
Playa Vista
Westchester
Santa Monica
Westwood - Century City
Sunset Strip - Hollywood Hills West
May 2012 : Micro Market Report
Los Angeles Macro Market DATA *
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$1,375,044
$1,395,981
1.5%
Average Price per Square Foot ...........................
$637
$568
-10.7%
Properties Sold .......................................................
338
394
16.6%
Properties Pending Sale .......................................
364
491
34.9%
Properties For Sale ................................................
3279
2506
-23.6%
Days on Market (Pending Sale) ...........................
75
70
-7.3%
Month’s Supply of Inventory ................................
9.7
6.4
-34.4%
Percent Under Contract ........................................
11.1%
19.6%
76.5%
Average Median Price for Last 12 Months ........
$1,286,500
$1,332,513
3.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$1.396
$1.375
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
Bel Air - Holmby Hil s DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$1,622,500
$2,420,000
49.2%
Average Price per Square Foot ...........................
$808
$834
3.2%
Properties Sold .......................................................
20
16
-20.0%
Properties Pending Sale .......................................
19
16
-15.8%
Properties For Sale ................................................
178
133
-25.3%
Days on Market (Pending Sale) ...........................
95
41
-56.8%
Month’s Supply of Inventory ................................
8.9
8.3
-6.6%
Percent Under Contract ........................................
10.7%
12.0%
12.7%
Average Median Price for Last 12 Months ........
$1,632,000
$1,743,014
6.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$2.420
P R I C E
yearly trend
M E D I A N
$1.623
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$1,743,014
PROPERTIES FOR SALE
133
DAYS ON MARKET**
85
shadow inventory
33
(90077 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Beverly Center - Miracle Mile DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$841,750
$934,000
11.0%
Average Price per Square Foot ...........................
$494
$492
-0.4%
Properties Sold .......................................................
8
20
150.0%
Properties Pending Sale .......................................
17
22
29.4%
Properties For Sale ................................................
115
76
-33.9%
Days on Market (Pending Sale) ...........................
62
27
-56.5%
Month’s Supply of Inventory ................................
14.4
3.8
-73.6%
Percent Under Contract ........................................
14.8%
28.9%
95.8%
Average Median Price for Last 12 Months ........
$925,000
$912,365
-1.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$842
S A L E S
$934
(in hundred thousands)
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$912,365
PROPERTIES FOR SALE
76
DAYS ON MARKET**
45
SHADOW INVENTORY
22
(90048 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Beverly Hil s DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$2,395,000
$5,550,000
131.7%
Average Price per Square Foot ...........................
$790
$1,013
28.2%
Properties Sold .......................................................
10
9
-10.0%
Properties Pending Sale .......................................
13
17
30.8%
Properties For Sale ................................................
159
141
-11.3%
Days on Market (Pending Sale) ...........................
76
136
78.9%
Month’s Supply of Inventory ................................
15.9
15.7
-1.5%
Percent Under Contract ........................................
8.2%
12.1%
47.5%
Average Median Price for Last 12 Months ........
$2,822,000
$3,514,808
19.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$5.550
P R I C E
yearly trend
MAY
M E D I A N
$2.395
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$3,514,808
PROPERTIES FOR SALE
141
DAYS ON MARKET**
94
SHADOW INVENTORY
84
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Beverly Hil s P.O. DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$1,607,500
$2,475,000
54.0%
Average Price per Square Foot ...........................
$521
$599
15.0%
Properties Sold .......................................................
12
19
58.3%
Properties Pending Sale .......................................
13
17
30.8%
Properties For Sale ................................................
182
129
-29.1%
Days on Market (Pending Sale) ...........................
107
88
-17.8%
Month’s Supply of Inventory ................................
15.2
6.8
-55.2%
Percent Under Contract ........................................
7.1%
13.2%
84.5%
Average Median Price for Last 12 Months ........
$1,933,000
$2,011,442
3.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.608
S A L E S
$2.475
(in hundred thousands)
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$2,011,442
PROPERTIES FOR SALE
129
DAYS ON MARKET**
95
Shadow inventory
67
(90210 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Beverlywood DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$805,000
$760,000
-5.6%
Average Price per Square Foot ...........................
$446
$442
-0.9%
Properties Sold .......................................................
18
15
-16.7%
Properties Pending Sale .......................................
12
31
158.3%
Properties For Sale ................................................
80
75
-6.3%
Days on Market (Pending Sale) ...........................
30
45
50.0%
Month’s Supply of Inventory ................................
4.4
5.0
12.5%
Percent Under Contract ........................................
15.0%
41.3%
175.6%
Average Median Price for Last 12 Months ........
$774,000
$768,760
-0.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$760
S A L E S
$805
(in hundred thousands)
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$768,760
PROPERTIES FOR SALE
47
DAYS ON MARKET**
75
Shadow inventory
33
(90035 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Brentwood DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$2,262,500
$1,838,000
-18.8%
Average Price per Square Foot ...........................
$694
$809
16.6%
Properties Sold .......................................................
12
15
25.0%
Properties Pending Sale .......................................
17
27
58.8%
Properties For Sale ................................................
164
157
-4.3%
Days on Market (Pending Sale) ...........................
56
47
-16.1%
Month’s Supply of Inventory ................................
13.7
10.5
-23.4%
Percent Under Contract ........................................
10.4%
17.2%
65.9%
Average Median Price for Last 12 Months ........
$1,845,000
$1,878,000
1.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.838
S A L E S
$2.263
(in hundred thousands)
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$1,878,000
PROPERTIES FOR SALE
157
DAYS ON MARKET**
72
Shadow Inventory
49 (90049 Zip Code) **12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Cheviot Hil s - Rancho Park DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$1,585,000
$1,296,750
-18.2%
Average Price per Square Foot ...........................
$515
$503
-2.3%
Properties Sold .......................................................
7
4
-42.9%
Properties Pending Sale .......................................
2
6
200.0%
Properties For Sale ................................................
40
27
-32.5%
Days on Market (Pending Sale) ...........................
20
46
130.0%
Month’s Supply of Inventory ................................
5.7
6.8
18.1%
Percent Under Contract ........................................
5.0%
22.2%
344.4%
Average Median Price for Last 12 Months ........
$1,196,000
$1,268,335
5.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.297
S A L E S
$1.585
(in hundred thousands)
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$1,268,335
PROPERTIES FOR SALE
56
DAYS ON MARKET**
27
SHADOW INVENTORY
54
(90064 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Culver City DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$655,655
$672,000
2.5%
Average Price per Square Foot ...........................
$401
$449
12.0%
Properties Sold .......................................................
13
12
-7.7%
Properties Pending Sale .......................................
9
18
100.0%
Properties For Sale ................................................
64
53
-17.2%
Days on Market (Pending Sale) ...........................
88
40
-54.5%
Month’s Supply of Inventory ................................
4.9
4.4
-10.3%
Percent Under Contract ........................................
14.1%
34.0%
141.5%
Average Median Price for Last 12 Months ........
$671,000
$612,118
-9.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$672
$656
(in hundred thousands)
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$612,118
PROPERTIES FOR SALE
53
DAYS ON MARKET**
51
SHADOW INVENTORY
48
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Hancock Park - Wilshire DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$1,553,250
$987,500
-36.4%
Average Price per Square Foot ...........................
$594
$506
-14.8%
Properties Sold .......................................................
18
17
-5.6%
Properties Pending Sale .......................................
14
26
85.7%
Properties For Sale ................................................
155
106
-31.6%
Days on Market (Pending Sale) ...........................
77
54
-29.9%
Month’s Supply of Inventory ................................
8.6
6.2
-27.6%
Percent Under Contract ........................................
9.0%
24.5%
171.6%
Average Median Price for Last 12 Months ........
$1,012,000
$980,827
-3.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$988
S A L E S
$1.553
(in hundred thousands)
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$980,827
PROPERTIES FOR SALE
106
DAYS ON MARKET**
61
shadow inventory
58
(90004, 90020 Zip Codes)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Hollywood DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$520,000
$361,000
-30.6%
Average Price per Square Foot ...........................
$404
$266
-34.2%
Properties Sold .......................................................
5
8
60.0%
Properties Pending Sale .......................................
6
4
-33.3%
Properties For Sale ................................................
34
20
-41.2%
Days on Market (Pending Sale) ...........................
95
64
-32.6%
Month’s Supply of Inventory ................................
6.8
2.5
-63.2%
Percent Under Contract ........................................
17.6%
20.0%
13.3%
Average Median Price for Last 12 Months ........
$475,000
$479,231
0.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$361
S A L E S
$520
(in hundred thousands)
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$479,231
PROPERTIES FOR SALE
20
DAYS ON MARKET**
50
shadow inventory
109
(90028, 90038, 90068 Zip Codes)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Hollywood Hil s East DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$742,500
$850,000
14.5%
Average Price per Square Foot ...........................
$496
$454
-8.5%
Properties Sold .......................................................
8
15
87.5%
Properties Pending Sale .......................................
17
16
-5.9%
Properties For Sale ................................................
105
72
-31.4%
Days on Market (Pending Sale) ...........................
64
26
-59.4%
Month’s Supply of Inventory ................................
6.2
4.8
-22.3%
Percent Under Contract ........................................
16.2%
22.2%
37.3%
Average Median Price for Last 12 Months ........
$872,000
$882,962
1.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$850
$743
(in hundred thousands)
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$882,962
PROPERTIES FOR SALE
72
DAYS ON MARKET**
61
shadow inventory
20
(90029 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Los Feliz DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$960,000
$929,000
-3.2%
Average Price per Square Foot ...........................
$445
$488
9.7%
Properties Sold .......................................................
20
21
5.0%
Properties Pending Sale .......................................
18
16
-11.1%
Properties For Sale ................................................
115
80
-30.4%
Days on Market (Pending Sale) ...........................
38
60
57.9%
Month’s Supply of Inventory ................................
6.4
3.8
-40.4%
Percent Under Contract ........................................
15.7%
20.0%
27.8%
Average Median Price for Last 12 Months ........
$959,000
$957,517
-0.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S M E D I A N
$929
(in hundred thousands)
$960
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$957,517
PROPERTIES FOR SALE
80
DAYS ON MARKET**
51
shadow inventory
44
(90027 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Malibu DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$2,575,000
$1,375,000
-46.6%
Average Price per Square Foot ...........................
$715
$518
-27.6%
Properties Sold .......................................................
9
15
66.7%
Properties Pending Sale .......................................
17
14
-17.6%
Properties For Sale ................................................
305
218
-28.5%
Days on Market (Pending Sale) ...........................
223
119
-46.6%
Month’s Supply of Inventory ................................
33.9
14.5
-57.1%
Percent Under Contract ........................................
5.6%
6.4%
15.2%
Average Median Price for Last 12 Months ........
$2,012,000
$1,791,616
-12.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.375
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
M E D I A N
S A L E S
$2.575
(in hundred thousands)
P R I C E
yearly trend
telesintelligence.com
the numbers median sales price**
$1,791,616
PROPERTIES FOR SALE
218
DAYS ON MARKET**
146
SHADOW INVENTORY
66
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Malibu Beach DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$6,562,500
$4,367,500
-33.4%
Average Price per Square Foot ...........................
$3,640
$1,257
-65.5%
Properties Sold .......................................................
3
5
66.7%
Properties Pending Sale .......................................
5
9
80.0%
Properties For Sale ................................................
116
93
-19.8%
Days on Market (Pending Sale) ...........................
477
535
12.2%
Month’s Supply of Inventory ................................
38.7
18.6
-51.9%
Percent Under Contract ........................................
4.3%
9.7%
124.5%
Average Median Price for Last 12 Months ........
$4,865,000
$5,878,708
17.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$4.368
S A L E S
$6.563
(in hundred thousands)
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$5,426,500
PROPERTIES FOR SALE
93
DAYS ON MARKET**
225
SHADOW INVENTORY
20
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Marina del Rey DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$990,000
$1,355,000
36.9%
Average Price per Square Foot ...........................
$436
$436
0.0%
Properties Sold .......................................................
5
6
20.0%
Properties Pending Sale .......................................
3
4
33.3%
Properties For Sale ................................................
43
33
-23.3%
Days on Market (Pending Sale) ...........................
75
105
40.0%
Month’s Supply of Inventory ................................
8.6
5.5
-36.0%
Percent Under Contract ........................................
7.0%
12.1%
73.7%
Average Median Price for Last 12 Months ........
$1,382,000
$1,231,341
-12.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$990
S A L E S
$1.355
(in hundred thousands)
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$1,041,904
PROPERTIES FOR SALE
33
DAYS ON MARKET**
71
SHADOW INVENTORY
6
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Mid Los Angeles DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$299,000
$276,600
-7.5%
Average Price per Square Foot ...........................
$198
$210
6.1%
Properties Sold .......................................................
19
17
-10.5%
Properties Pending Sale .......................................
28
19
-32.1%
Properties For Sale ................................................
141
68
-51.8%
Days on Market (Pending Sale) ...........................
61
34
-44.3%
Month’s Supply of Inventory ................................
7.4
4.0
-46.1%
Percent Under Contract ........................................
19.9%
27.9%
40.7%
Average Median Price for Last 12 Months ........
$308,000
$296,500
-3.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$277
S A L E S
$299
(in hundred thousands)
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$296,500
PROPERTIES FOR SALE
68
DAYS ON MARKET**
58
shadow inventory
130 (90019 Zip Code) **12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Mid Wilshire DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$471,375
$357,500
-24.2%
Average Price per Square Foot ...........................
$292
$273
-6.5%
Properties Sold .......................................................
2
4
100.0%
Properties Pending Sale .......................................
0
7
N/A
Properties For Sale ................................................
31
22
-29.0%
Days on Market (Pending Sale) ...........................
0
30
N/A
Month’s Supply of Inventory ................................
15.5
5.5
-64.5%
Percent Under Contract ........................................
0.0%
31.8%
N/A
Average Median Price for Last 12 Months ........
$445,000
$405,303
-9.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$358
S A L E S
$471
(in hundred thousands)
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$378,770
PROPERTIES FOR SALE
22
DAYS ON MARKET**
20
shadow inventory
36
(90036 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Pacific Palisades DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$1,627,500
$1,730,000
6.3%
Average Price per Square Foot ...........................
$614
$651
6.0%
Properties Sold .......................................................
24
23
-4.2%
Properties Pending Sale .......................................
27
24
-11.1%
Properties For Sale ................................................
214
169
-21.0%
Days on Market (Pending Sale) ...........................
58
42
-27.6%
Month’s Supply of Inventory ................................
8.9
7.3
-17.6%
Percent Under Contract ........................................
12.6%
14.2%
12.6%
Average Median Price for Last 12 Months ........
$1,798,000
$1,776,220
-1.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.730
$1.628
(in hundred thousands)
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$1,776,220
PROPERTIES FOR SALE
169
DAYS ON MARKET**
63
SHADOW INVENTORY
38
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Palms - Mar Vista DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$719,000
$673,000
-6.4%
Average Price per Square Foot ...........................
$495
$522
5.5%
Properties Sold .......................................................
23
18
-21.7%
Properties Pending Sale .......................................
16
37
131.3%
Properties For Sale ................................................
106
89
-16.0%
Days on Market (Pending Sale) ...........................
26
24
-7.7%
Month’s Supply of Inventory ................................
4.6
4.9
7.3%
Percent Under Contract ........................................
15.1%
41.6%
175.4%
Average Median Price for Last 12 Months ........
$743,000
$732,500
-1.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$673
S A L E S
$719
(in hundred thousands)
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$732,500
PROPERTIES FOR SALE
89
DAYS ON MARKET**
50
shadow inventory
109
(90066, 90034 Zip Codes)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Playa del Rey DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$980,188
$745,000
-24.0%
Average Price per Square Foot ...........................
$354
$451
27.4%
Properties Sold .......................................................
2
2
0.0%
Properties Pending Sale .......................................
2
7
250.0%
Properties For Sale ................................................
30
19
-36.7%
Days on Market (Pending Sale) ...........................
75
28
-62.7%
Month’s Supply of Inventory ................................
15.0
9.5
-36.7%
Percent Under Contract ........................................
6.7%
36.8%
452.6%
Average Median Price for Last 12 Months ........
$1,033,000
$895,037
-15.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
$745
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
M E D I A N
$980
MAY
(in hundred thousands)
P R I C E
yearly trend
telesintelligence.com
the numbers median sales price**
$826,188
PROPERTIES FOR SALE
19
DAYS ON MARKET**
58
SHADOW INVENTORY
16
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Playa Vista DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$905,000
$0
-100.0%
Average Price per Square Foot ...........................
$309
$0
-100.0%
Properties Sold .......................................................
1
0
-100.0%
Properties Pending Sale .......................................
0
0
N/A
Properties For Sale ................................................
5
6
20.0%
Days on Market (Pending Sale) ...........................
0
0
N/A
Month’s Supply of Inventory ................................
5.0
N/A
N/A
Percent Under Contract ........................................
0.0%
0.0%
N/A
Average Median Price for Last 12 Months ........
$1,023,000
$902,107
-13.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$0 MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
M E D I A N
S A L E S
$905
(in hundred thousands)
P R I C E
yearly trend
telesintelligence.com
the numbers median sales price**
$485,750
PROPERTIES FOR SALE
6
DAYS ON MARKET**
19
shadow inventory
1
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Santa Monica DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$1,555,000
$2,360,057
51.8%
Average Price per Square Foot ...........................
$688
$787
14.4%
Properties Sold .......................................................
13
18
38.5%
Properties Pending Sale .......................................
22
29
31.8%
Properties For Sale ................................................
143
110
-23.1%
Days on Market (Pending Sale) ...........................
37
56
51.4%
Month’s Supply of Inventory ................................
11.0
6.1
-44.4%
Percent Under Contract ........................................
15.4%
26.4%
71.4%
Average Median Price for Last 12 Months ........
$1,604,000
$1,708,970
6.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$2.360
P R I C E
yearly trend
M E D I A N
$1.555
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$1,708,970
PROPERTIES FOR SALE
110
DAYS ON MARKET**
58
SHADOW INVENTORY
31
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Sunset Strip - Hollywood Hil s West DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$1,515,000
$1,267,000
-16.4%
Average Price per Square Foot ...........................
$601
$627
4.3%
Properties Sold .......................................................
29
36
24.1%
Properties Pending Sale .......................................
30
44
46.7%
Properties For Sale ................................................
322
290
-9.9%
Days on Market (Pending Sale) ...........................
75
62
-17.3%
Month’s Supply of Inventory ................................
11.1
8.1
-27.4%
Percent Under Contract ........................................
9.3%
15.2%
62.9%
Average Median Price for Last 12 Months ........
$1,281,000
$1,257,669
-1.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.267
S A L E S
$1.515
(in hundred thousands)
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$1,257,669
PROPERTIES FOR SALE
290
DAYS ON MARKET**
71
shadow inventory
100
(90028, 90068 Zip Codes)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Venice DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$1,030,000
$850,000
-17.5%
Average Price per Square Foot ...........................
$686
$637
-7.1%
Properties Sold .......................................................
13
18
38.5%
Properties Pending Sale .......................................
12
22
83.3%
Properties For Sale ................................................
133
96
-27.8%
Days on Market (Pending Sale) ...........................
52
50
-3.8%
Month’s Supply of Inventory ................................
10.2
5.3
-47.9%
Percent Under Contract ........................................
9.0%
22.9%
154.0%
Average Median Price for Last 12 Months ........
$918,000
$1,014,315
10.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$850
S A L E S
$1.030
(in hundred thousands)
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$1,014,315
PROPERTIES FOR SALE
96
DAYS ON MARKET**
60
SHADOW INVENTORY
37
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
West Hollywood DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$1,327,500
$905,000
-31.8%
Average Price per Square Foot ...........................
$688
$582
-15.4%
Properties Sold .......................................................
9
12
33.3%
Properties Pending Sale .......................................
7
10
42.9%
Properties For Sale ................................................
66
42
-36.4%
Days on Market (Pending Sale) ...........................
44
68
54.5%
Month’s Supply of Inventory ................................
7.3
3.5
-52.3%
Percent Under Contract ........................................
10.6%
23.8%
124.5%
Average Median Price for Last 12 Months ........
$843,000
$940,250
10.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$905
S A L E S
$1.328
(in hundred thousands)
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$940,250
PROPERTIES FOR SALE
42
DAYS ON MARKET**
66
SHADOW INVENTORY
18
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
West Los Angeles DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$530,000
$580,000
9.4%
Average Price per Square Foot ...........................
$456
$546
19.7%
Properties Sold .......................................................
7
5
-28.6%
Properties Pending Sale .......................................
7
8
14.3%
Properties For Sale ................................................
49
34
-30.6%
Days on Market (Pending Sale) ...........................
45
72
60.0%
Month’s Supply of Inventory ................................
7.0
6.8
-2.9%
Percent Under Contract ........................................
14.3%
23.5%
64.7%
Average Median Price for Last 12 Months ........
$661,000
$604,338
-8.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$580
$530
(in hundred thousands)
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$604,338
PROPERTIES FOR SALE
34
DAYS ON MARKET**
46
Shaodw inventory
21
(90025 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Westchester DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$664,000
$611,325
-7.9%
Average Price per Square Foot ...........................
$446
$390
-12.6%
Properties Sold .......................................................
18
22
22.2%
Properties Pending Sale .......................................
18
24
33.3%
Properties For Sale ................................................
89
70
-21.3%
Days on Market (Pending Sale) ...........................
28
26
-7.1%
Month’s Supply of Inventory ................................
4.9
3.2
-35.6%
Percent Under Contract ........................................
20.2%
34.3%
69.5%
Average Median Price for Last 12 Months ........
$666,000
$621,190
-6.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$611
(in hundred thousands)
$664
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$621,190
PROPERTIES FOR SALE
70
DAYS ON MARKET**
43
shadow inventory
96
(90045 Zip Code)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Westwood - Century City DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$1,199,500
$1,165,250
-2.9%
Average Price per Square Foot ...........................
$602
$602
0.0%
Properties Sold .......................................................
10
22
120.0%
Properties Pending Sale .......................................
13
17
30.8%
Properties For Sale ................................................
95
78
-17.9%
Days on Market (Pending Sale) ...........................
25
30
20.0%
Month’s Supply of Inventory ................................
9.5
3.5
-62.7%
Percent Under Contract ........................................
13.7%
21.8%
59.3%
Average Median Price for Last 12 Months ........
$1,324,000
$1,244,921
-6.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.165
S A L E S
$1.200
(in hundred thousands)
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$1,244,921
PROPERTIES FOR SALE
78
DAYS ON MARKET**
40
shadow inventory
10
(90024, 90067 Zip Codes)
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
EfďŹ cient Financial security, expert staffing, advanced technology and personalized service. Portfolio Escrow, Inc. is driven to be a leading force in the escrow industry.
> >
424.203.1841 p o r t f o l i o e s c r o w. c o m
Š 2011 Portfolio Escrow, Inc. All Rights Reserved
References
CONTACTS:
Laron Turley Director of Research, Teles Intelligence laron.turley@telesproperties.com Steve Shull Chief Strategist, Teles Intelligence steve.shull@telesproperties.com Sharran Srivatsaa Chief Executive Officer, Teles Intelligence sharran.srivatsaa@telesproperties.com
location:
Teles Intelligence 11990 San Vicente Blvd, Suite 100 Los Angeles, Ca 90049
Phone:
424.203.1800 email:
info@telesintelligence.com
Teles intelligence MAY 2012 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2012 Teles Properties, Inc. Teles Properties is a registered trademark.