Teles intelligence
micro market report orange county MAY 2012 | SINGLE FAMILY HOMES REPORT
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on Market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
Median Price:
Days of market (Pending Sale):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
Month’s Supply of Inventory:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
Average Price per Square Foot:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
Percent Under Contract:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
Properties Sold:
The number of property transactions
Average Median Price for Last 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
Properties Pending Sale:
ending in the identified month
The number of properties that entered escrow in preparation for sale.
Shadow Inventory:
Properties in Pre-Foreclosure, Bank Properties For Sale:
Owned or Auction as identified by
The number of properties on the
ForeclosureRadar.com
market and seeking buyers.
orange county
san fern
south b
Orange Country Macro Market
East Bluff - Harbor View
Irvine
Balboa Peninsula
East Costa Mesa
Laguna Beach (all areas)
Corona del Mar - Spyglass
Fountain Valley
Lower Newport Bay - Balb
Crystal Cove
Huntington Beach
Newport Beach (all areas)
Micro Market Report : May 2012
telesintelligence.com
nando
san gabriel
bay
los angeles Newport Coast
West Newport - Lido
Newport Heights
Westminster
boa Island
Turtle Ridge
)
West Bay - Santa Ana Heights
May 2012 : Micro Market Report
Orange County Macro Market DATA *
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$1,262,426
$1,431,442
13.4%
Average Price per Square Foot ...........................
$531
$543
2.3%
Properties Sold .......................................................
405
451
11.4%
Properties Pending Sale .......................................
372
636
71.0%
Properties For Sale ................................................
3322
2581
-22.3%
Days on Market (Pending Sale) ...........................
88
71
-19.6%
Month’s Supply of Inventory ................................
8.2
5.7
-30.2%
Percent Under Contract ........................................
11.2%
24.6%
120.1%
Average Median Price for Last 12 Months ........
$1,484,647
$1,454,143
-2.1%
*Information obtained from Broker Metrics, SOCAL MLS and Foreclosure Radar for all areas in Orange County Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$1.431 $1.262
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
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OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
Balboa Peninsula DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$2,527,500
$3,662,500
44.9%
Average Price per Square Foot ...........................
$1,068
$1,336
25.1%
Properties Sold .......................................................
4
2
-50.0%
Properties Pending Sale .......................................
4
4
0.0%
Properties For Sale ................................................
57
71
24.6%
Days on Market (Pending Sale) ...........................
87
80
-8.0%
Month’s Supply of Inventory ................................
14.3
35.5
149.1%
Percent Under Contract ........................................
7.0%
5.6%
-19.7%
Average Median Price for Last 12 Months ........
$1,979,000
$2,463,094
24.5%
*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)
$3.663
P R I C E
yearly trend
M E D I A N
$2.528
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**
$2,463,094
PROPERTIES FOR SALE
71
DAYS ON MARKET**
119
SHADOW INVENTORY
11
(92663, 92661 Zip Codes)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Corona del Mar - Spyglass DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$2,160,000
$1,449,000
-32.9%
Average Price per Square Foot ...........................
$840
$674
-19.8%
Properties Sold .......................................................
15
15
0.0%
Properties Pending Sale .......................................
7
21
200.0%
Properties For Sale ................................................
126
119
-5.6%
Days on Market (Pending Sale) ...........................
100
104
4.0%
Month’s Supply of Inventory ................................
8.4
7.9
-5.6%
Percent Under Contract ........................................
5.6%
17.6%
217.6%
Average Median Price for Last 12 Months ........
$1,895,000
$1,815,077
-4.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.449
S A L E S
$2.160
(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**
$1,815,077
PROPERTIES FOR SALE
119
DAYS ON MARKET**
104
SHADOW INVENTORY
24
(92625 Zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Crystal Cove DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$0
$3,767,500
N/A
Average Price per Square Foot ...........................
$0
$867
N/A
Properties Sold .......................................................
0
1
N/A
Properties Pending Sale .......................................
1
2
100.0%
Properties For Sale ................................................
26
29
11.5%
Days on Market (Pending Sale) ...........................
198
22
-88.9%
Month’s Supply of Inventory ................................
N/A
29.0
N/A
Percent Under Contract ........................................
3.8%
6.9%
79.3%
Average Median Price for Last 12 Months ........
$4,182,000
$4,385,795
4.9%
*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
S A L E S M E D I A N
$3.768
(in hundred thousands)
P R I C E
yearly trend
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$4,385,795
PROPERTIES FOR SALE
29
DAYS ON MARKET**
109
SHADOW INVENTORY
48
(92657 zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
East Bluff - Harbor View DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$1,412,500
$1,492,500
5.7%
Average Price per Square Foot ...........................
$471
$511
8.5%
Properties Sold .......................................................
24
20
-16.7%
Properties Pending Sale .......................................
19
27
42.1%
Properties For Sale ................................................
147
116
-21.1%
Days on Market (Pending Sale) ...........................
146
80
-45.2%
Month’s Supply of Inventory ................................
6.1
5.8
-5.3%
Percent Under Contract ........................................
12.9%
23.3%
80.1%
Average Median Price for Last 12 Months ........
$1,394,000
$1,385,462
-0.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.493
$1.413
(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**
$1,385,462
PROPERTIES FOR SALE
116
DAYS ON MARKET**
99
SHADOW INVENTORY
86
(92660 zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
East Costa Mesa DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$735,000
$619,950
-15.7%
Average Price per Square Foot ...........................
$404
$292
-27.7%
Properties Sold .......................................................
11
8
-27.3%
Properties Pending Sale .......................................
9
15
66.7%
Properties For Sale ................................................
71
55
-22.5%
Days on Market (Pending Sale) ...........................
65
91
40.0%
Month’s Supply of Inventory ................................
6.5
6.9
6.5%
Percent Under Contract ........................................
12.7%
27.3%
115.2%
Average Median Price for Last 12 Months ........
$638,000
$657,081
3.0%
*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
$620
S A L E S
$735
(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**
$657,081
PROPERTIES FOR SALE
55
DAYS ON MARKET**
73
SHADOW INVENTORY
77
(92627 zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Fountain Valley DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$565,000
$559,500
-1.0%
Average Price per Square Foot ...........................
$301
$284
-5.6%
Properties Sold .......................................................
27
22
-18.5%
Properties Pending Sale .......................................
19
37
94.7%
Properties For Sale ................................................
150
96
-36.0%
Days on Market (Pending Sale) ...........................
60
62
3.3%
Month’s Supply of Inventory ................................
5.6
4.4
-21.5%
Percent Under Contract ........................................
12.7%
38.5%
204.3%
Average Median Price for Last 12 Months ........
$575,000
$543,731
-5.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$565
M E D I A N
S A L E S
(in hundred thousands)
$560
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**
$543,731
PROPERTIES FOR SALE
96
DAYS ON MARKET**
70
SHADOW INVENTORY
149
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Huntington Beach DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$612,500
$629,000
2.7%
Average Price per Square Foot ...........................
$354
$367
3.7%
Properties Sold .......................................................
98
139
41.8%
Properties Pending Sale .......................................
94
164
74.5%
Properties For Sale ................................................
664
459
-30.9%
Days on Market (Pending Sale) ...........................
91
64
-29.7%
Month’s Supply of Inventory ................................
6.8
3.3
-51.3%
Percent Under Contract ........................................
14.2%
35.7%
152.4%
Average Median Price for Last 12 Months ........
$616,000
$603,785
-2.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$629
M E D I A N
S A L E S
(in hundred thousands)
$613
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**
$603,785
PROPERTIES FOR SALE
459
DAYS ON MARKET**
87
SHADOW INVENTORY
423
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Irvine DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$770,000
$710,000
-7.8%
Average Price per Square Foot ...........................
$387
$401
3.6%
Properties Sold .......................................................
87
77
-11.5%
Properties Pending Sale .......................................
83
122
47.0%
Properties For Sale ................................................
549
411
-25.1%
Days on Market (Pending Sale) ...........................
86
54
-37.2%
Month’s Supply of Inventory ................................
6.3
5.3
-15.4%
Percent Under Contract ........................................
15.1%
29.7%
96.3%
Average Median Price for Last 12 Months ........
$742,000
$702,453
-5.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$710
(in hundred thousands)
$770
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**
$702,453
PROPERTIES FOR SALE
411
DAYS ON MARKET**
81
SHADOW INVENTORY
302
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Laguna Beach DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$1,313,750
$1,275,000
-2.9%
Average Price per Square Foot ...........................
$980
$769
-21.5%
Properties Sold .......................................................
16
33
106.3%
Properties Pending Sale .......................................
20
48
140.0%
Properties For Sale ................................................
376
290
-22.9%
Days on Market (Pending Sale) ...........................
113
82
-27.4%
Month’s Supply of Inventory ................................
23.5
8.8
-62.6%
Percent Under Contract ........................................
5.3%
16.6%
211.2%
Average Median Price for Last 12 Months ........
$1,250,000
$1,225,681
-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
$1.275
S A L E S
$1.314
(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**
$1,225,681
PROPERTIES FOR SALE
290
DAYS ON MARKET**
134
SHADOW INVENTORY
105
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Lower Newport Bay - Balboa Island DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$2,282,500
$2,187,500
-4.2%
Average Price per Square Foot ...........................
$1,012
$801
-20.8%
Properties Sold .......................................................
6
7
16.7%
Properties Pending Sale .......................................
4
6
50.0%
Properties For Sale ................................................
72
60
-16.7%
Days on Market (Pending Sale) ...........................
60
158
163.3%
Month’s Supply of Inventory ................................
12.0
8.6
-28.6%
Percent Under Contract ........................................
5.6%
10.0%
80.0%
Average Median Price for Last 12 Months ........
$2,213,000
$1,988,786
-10.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$2.188
S A L E S
$2.283
(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**
$1,988,786
PROPERTIES FOR SALE
60
DAYS ON MARKET**
114
SHADOW INVENTORY
41
(92660, 92662, 92663 Zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Newport Beach DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$1,430,000
$1,410,000
-1.4%
Average Price per Square Foot ...........................
$516
$571
10.7%
Properties Sold .......................................................
50
49
-2.0%
Properties Pending Sale .......................................
45
73
62.2%
Properties For Sale ................................................
485
406
-16.3%
Days on Market (Pending Sale) ...........................
102
88
-13.7%
Month’s Supply of Inventory ................................
9.7
8.3
-14.6%
Percent Under Contract ........................................
9.3%
18.0%
93.8%
Average Median Price for Last 12 Months ........
$1,398,000
$1,339,471
-4.2%
*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
$1.410
(in hundred thousands)
$1.430
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**
$1,339,471
PROPERTIES FOR SALE
406
DAYS ON MARKET**
110
SHADOW INVENTORY
147
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Newport Coast DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$2,055,000
$1,774,500
-13.6%
Average Price per Square Foot ...........................
$638
$567
-11.1%
Properties Sold .......................................................
13
14
7.7%
Properties Pending Sale .......................................
15
23
53.3%
Properties For Sale ................................................
122
131
7.4%
Days on Market (Pending Sale) ...........................
118
33
-72.0%
Month’s Supply of Inventory ................................
9.4
9.4
-0.3%
Percent Under Contract ........................................
12.3%
17.6%
42.8%
Average Median Price for Last 12 Months ........
$2,068,000
$1,763,885
-14.7%
*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
$1.775
S A L E S
$2.055
(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**
$1,763,885
PROPERTIES FOR SALE
131
DAYS ON MARKET**
102
SHADOW INVENTORY
36
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Newport Heights DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$1,425,000
$1,325,000
-7.0%
Average Price per Square Foot ...........................
$430
$316
-26.5%
Properties Sold .......................................................
4
4
0.0%
Properties Pending Sale .......................................
3
10
233.3%
Properties For Sale ................................................
29
32
10.3%
Days on Market (Pending Sale) ...........................
64
79
23.4%
Month’s Supply of Inventory ................................
7.25
8
10.3%
Percent Under Contract ........................................
10.3%
31.3%
202.1%
Average Median Price for Last 12 Months ........
$1,307,000
$1,183,008
-9.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.325
S A L E S
$1.425
(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**
$1,183,008
PROPERTIES FOR SALE
32
DAYS ON MARKET**
82
SHADOW INVENTORY
40
(92663 zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Turtle Ridge DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$1,797,500
$1,939,000
7.9%
Average Price per Square Foot ...........................
$503
$531
5.6%
Properties Sold .......................................................
3
4
33.3%
Properties Pending Sale .......................................
2
6
200.0%
Properties For Sale ................................................
27
33
22.2%
Days on Market (Pending Sale) ...........................
58
54
-6.9%
Month’s Supply of Inventory ................................
9.0
8.3
-8.3%
Percent Under Contract ........................................
7.4%
18.2%
145.5%
Average Median Price for Last 12 Months ........
$1,751,000
$1,900,692
8.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.939
$1.798
(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**
$1,900,692
PROPERTIES FOR SALE
33
DAYS ON MARKET**
112
SHADOW INVENTORY
236
(92603 zip codes)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
West Bay - Santa Ana Heights DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$1,063,500
$1,179,000
10.9%
Average Price per Square Foot ...........................
$429
$446
4.0%
Properties Sold .......................................................
8
11
37.5%
Properties Pending Sale .......................................
12
17
41.7%
Properties For Sale ................................................
89
57
-36.0%
Days on Market (Pending Sale) ...........................
63
60
-4.8%
Month’s Supply of Inventory ................................
11.1
5.2
-53.4%
Percent Under Contract ........................................
13.5%
29.8%
121.2%
Average Median Price for Last 12 Months ........
$1,095,000
$1,120,165
2.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$1.179 $1.064
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**
$1,120,165
PROPERTIES FOR SALE
57
DAYS ON MARKET**
105
SHADOW INVENTORY
86
(92660 zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
West Newport - Lido DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$894,000
$1,410,000
57.7%
Average Price per Square Foot ...........................
$445
$781
75.5%
Properties Sold .......................................................
3
5
66.7%
Properties Pending Sale .......................................
3
9
200.0%
Properties For Sale ................................................
90
69
-23.3%
Days on Market (Pending Sale) ...........................
99
130
31.3%
Month’s Supply of Inventory ................................
30.0
13.8
-54.0%
Percent Under Contract ........................................
3.3%
13.0%
291.3%
Average Median Price for Last 12 Months ........
$1,717,000
$1,245,500
-27.5%
*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
$894
S A L E S
$1.410
(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**
$1,245,500
PROPERTIES FOR SALE
69
DAYS ON MARKET**
138
SHADOW INVENTORY
40
(92663 zip code)
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Westminster DATA *
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$417,500
$376,000
-9.9%
Average Price per Square Foot ...........................
$252
$266
5.6%
Properties Sold .......................................................
36
40
11.1%
Properties Pending Sale .......................................
32
52
62.5%
Properties For Sale ................................................
242
147
-39.3%
Days on Market (Pending Sale) ...........................
81
38
-53.1%
Month’s Supply of Inventory ................................
6.7
3.7
-45.3%
Percent Under Contract ........................................
13.2%
35.4%
167.5%
Average Median Price for Last 12 Months ........
$419,000
$396,769
-5.3%
*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
$376
(in hundred thousands)
$418
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**
$396,769
PROPERTIES FOR SALE
147
DAYS ON MARKET**
75
SHADOW INVENTORY
236
**12 month average
acti v e listin g s
s h ado w in v entor y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Navigating Solutions. At Riviera Financial, the business of real estate finance is about much more than loans. It is about offering diverse and competitive products; advising borrowers to make informed choices to support and protect their security; providing extraordinarily thorough customer care; and navigating solutions. Our customers expect and deserve the highest level of service and performance in all of their borrowing activities. When it comes to dedicated, comprehensive real estate finance, Riviera Financial delivers.
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References
CONTACTS:
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.