Teles intelligence
micro market report los angeles May 2013 | SINGLE FAMILY HOMES REPORT
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
Median Price:
Days of market (Pending Sale):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
Month’s Supply of Inventory:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
Average Price per Square Foot:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
Percent Under Contract:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
Properties Sold:
The number of property transactions
Average Median Price for Last 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
Properties Pending Sale:
ending in the identified month
The number of properties that entered escrow in preparation for sale.
Shadow Inventory:
Properties in Pre-Foreclosure, Bank Properties For Sale:
Owned or Auction as identified by
The number of properties on the
ForeclosureRadar.com
market and seeking buyers.
los angeles
orange
san gab
Los Angeles Macro Market
Brentwood
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 2013
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 2013 : Micro Market Report
Los Angeles County DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$615,000
$850,000
38.2%
Average Price per Square Foot ...........................
$506
$569
12.5%
Properties Sold .......................................................
808
811
0.4%
Properties Pending Sale .......................................
864
975
12.8%
Properties For Sale ................................................
4,999
3,479
-30.4%
Days on Market (Pending Sale) ...........................
65
44
-32.3%
Month’s Supply of Inventory ................................
6.2
4.3
-30.7%
Percent Under Contract ........................................
17.3%
28.0%
62.2%
Average Median Price for Last 12 Months ........
$581,000
$683,912
15.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
(in hundred thousands)
$850
P R I C E
yearly trend
M E D I A N
S A L E S
$615
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Bel-Air Holmby Hills DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$2,435,000
$1,885,000
-22.6%
Average Price per Square Foot ...........................
$862
$1,043
21.0%
Properties Sold .......................................................
17
22
29.4%
Properties Pending Sale .......................................
14
17
21.4%
Properties For Sale ................................................
142
118
-16.9%
Days on Market (Pending Sale) ...........................
74
74
0.0%
Month’s Supply of Inventory ................................
8.4
5.4
-35.8%
Percent Under Contract ........................................
9.9%
14.6%
48.4%
Average Median Price for Last 12 Months ........
$1,722,000
$1,888,045
8.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.885
S A L E S
$2.435
(in hundred thousands)
P R I C E
yearly trend
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$1,888,045
PROPERTIES FOR SALE
118
DAYS ON MARKET**
98
shadow inventory
12
(90077 Zip Code)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
May 2013 : Micro Market Report
Beverly Center - Miracle Mile DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$934,000
$1,117,500
19.6%
Average Price per Square Foot ...........................
$492
$546
11.0%
Properties Sold .......................................................
20
30
50.0%
Properties Pending Sale .......................................
19
25
31.6%
Properties For Sale ................................................
79
67
-15.2%
Days on Market (Pending Sale) ...........................
34
31
-8.8%
Month’s Supply of Inventory ................................
4
2.2
-43.5%
Percent Under Contract ........................................
24.1%
37.3%
55.1%
Average Median Price for Last 12 Months ........
$923,000
$1,004,721
8.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.117
M E D I A N
S A L E S
(in hundred thousands)
$934
P R I C E
yearly trend
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$1,004,721
PROPERTIES FOR SALE
67
DAYS ON MARKET**
54
shadow inventory
11
(90048 Zip Code)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
May 2013 : Micro Market Report
Beverly Hills DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$6,975,000
$4,575,000
-34.4%
Average Price per Square Foot ...........................
$1,010
$1,102
9.1%
Properties Sold .......................................................
12
17
41.7%
Properties Pending Sale .......................................
16
19
18.8%
Properties For Sale ................................................
152
108
-28.9%
Days on Market (Pending Sale) ...........................
164
72
-56.1%
Month’s Supply of Inventory ................................
12.7
6.4
-49.8%
Percent Under Contract ........................................
10.5%
17.6%
67.1%
Average Median Price for Last 12 Months ........
$3,500,000
$4,378,502
20.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$4.575
S A L E S
$6.975
(in hundred thousands)
P R I C E
yearly trend
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$4,378,502
PROPERTIES FOR SALE
108
DAYS ON MARKET**
99
shadow inventory
45
(Beverly Hills)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
May 2013 : Micro Market Report
Beverly Hills- Post Office DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$2,412,500
$2,268,000
-6.0%
Average Price per Square Foot ...........................
$599
$766
27.9%
Properties Sold .......................................................
20
12
-40.0%
Properties Pending Sale .......................................
12
13
8.3%
Properties For Sale ................................................
144
103
-28.5%
Days on Market (Pending Sale) ...........................
97
42
-56.7%
Month’s Supply of Inventory ................................
7.2
8.6
19.2%
Percent Under Contract ........................................
8.3%
12.6%
51.5%
Average Median Price for Last 12 Months ........
$2,044,000
$1,992,593
-2.6%
*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.
$2.412
M E D I A N
S A L E S
(in hundred thousands)
$2.268
P R I C E
yearly trend
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$1,992,593
PROPERTIES FOR SALE
103
DAYS ON MARKET**
92
shadow inventory
38
(90210 Zip Code)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
May 2013 : Micro Market Report
Beverlywood DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$779,500
$852,310
9.3%
Average Price per Square Foot ...........................
$442
$566
28.1%
Properties Sold .......................................................
16
8
-50.0%
Properties Pending Sale .......................................
26
16
-38.5%
Properties For Sale ................................................
80
41
-48.8%
Days on Market (Pending Sale) ...........................
61
33
-45.9%
Month’s Supply of Inventory ................................
5
5.1
2.5%
Percent Under Contract ........................................
32.5%
39.0%
20.1%
Average Median Price for Last 12 Months ........
$771,000
$777,447
0.8%
*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.
$852
M E D I A N
S A L E S
(in hundred thousands)
$779
P R I C E
yearly trend
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$777,447
PROPERTIES FOR SALE
41
DAYS ON MARKET**
55
shadow inventory
19
(90035 Zip Code)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
May 2013 : Micro Market Report
Brentwood DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$1,838,000
$2,710,000
47.4%
Average Price per Square Foot ...........................
$809
$880
8.8%
Properties Sold .......................................................
15
27
80.0%
Properties Pending Sale .......................................
21
31
47.6%
Properties For Sale ................................................
167
124
-25.7%
Days on Market (Pending Sale) ...........................
56
52
-7.1%
Month’s Supply of Inventory ................................
11.1
4.6
-58.7%
Percent Under Contract ........................................
12.6%
25.0%
98.8%
Average Median Price for Last 12 Months ........
$1,881,000
$2,016,081
6.7%
*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)
$2.710
P R I C E
yearly trend
M E D I A N
S A L E S
$1.838
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$2,016,081
PROPERTIES FOR SALE
124
DAYS ON MARKET**
73
shadow inventory
26
(90049 Zip Code)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
May 2013 : Micro Market Report
Cheviot Hills - Rancho Park DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$1,296,750
$1,222,500
-5.7%
Average Price per Square Foot ...........................
$503
$608
20.9%
Properties Sold .......................................................
4
3
-25.0%
Properties Pending Sale .......................................
6
10
66.7%
Properties For Sale ................................................
29
32
10.3%
Days on Market (Pending Sale) ...........................
52
12
-76.9%
Month’s Supply of Inventory ................................
7.2
10.7
47.1%
Percent Under Contract ........................................
20.7%
31.2%
51.0%
Average Median Price for Last 12 Months ........
$1,268,000
$1,300,597
2.5%
*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
$1.222
S A L E S
$1.296
(in hundred thousands)
P R I C E
yearly trend
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$1,300,597
PROPERTIES FOR SALE
32
DAYS ON MARKET**
48
shadow inventory
20
(90064 Zip Code)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
May 2013 : Micro Market Report
Culver City DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$672,000
$736,000
9.5%
Average Price per Square Foot ...........................
$449
$524
16.7%
Properties Sold .......................................................
12
15
25.0%
Properties Pending Sale .......................................
17
27
58.8%
Properties For Sale ................................................
57
58
1.8%
Days on Market (Pending Sale) ...........................
31
25
-19.4%
Month’s Supply of Inventory ................................
4.8
3.9
-18.6%
Percent Under Contract ........................................
29.8%
46.6%
56.1%
Average Median Price for Last 12 Months ........
$612,000
$713,928
14.3%
*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.
$736
M E D I A N
S A L E S
(in hundred thousands)
$672
P R I C E
yearly trend
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$713,928
PROPERTIES FOR SALE
58
DAYS ON MARKET**
47
shadow inventory
13
(Culver City)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
May 2013 : Micro Market Report
Hancock Park - Wilshire DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$993,750
$1,127,500
13.5%
Average Price per Square Foot ...........................
$494
$574
16.2%
Properties Sold .......................................................
20
28
40.0%
Properties Pending Sale .......................................
22
28
27.3%
Properties For Sale ................................................
120
110
-8.3%
Days on Market (Pending Sale) ...........................
72
31
-56.9%
Month’s Supply of Inventory ................................
6
3.9
-34.5%
Percent Under Contract ........................................
18.3%
25.5%
38.8%
Average Median Price for Last 12 Months ........
$968,000
$1,059,666
8.7%
*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
$993
S A L E S
$1.127
(in hundred thousands)
P R I C E
yearly trend
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$1,059,666
PROPERTIES FOR SALE
110
DAYS ON MARKET**
69
shadow inventory
30
(90004,90020 Zip Code)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
May 2013 : Micro Market Report
Hollywood DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$361,000
$612,000
69.5%
Average Price per Square Foot ...........................
$266
$559
110.2%
Properties Sold .......................................................
8
5
-37.5%
Properties Pending Sale .......................................
4
6
50.0%
Properties For Sale ................................................
22
23
4.5%
Days on Market (Pending Sale) ...........................
64
26
-59.4%
Month’s Supply of Inventory ................................
2.8
4.6
67.3%
Percent Under Contract ........................................
18.2%
26.1%
43.5%
Average Median Price for Last 12 Months ........
$479,000
$660,115
27.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
May
M E D I A N
$361
S A L E S
$612
(in hundred thousands)
P R I C E
yearly trend
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$660,115
PROPERTIES FOR SALE
23
DAYS ON MARKET**
43
shadow inventory
30
(90028,90038,90068)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
May 2013 : Micro Market Report
Hollywood Hills East DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$870,000
$905,000
4.0%
Average Price per Square Foot ...........................
$437
$457
4.6%
Properties Sold .......................................................
16
15
-6.2%
Properties Pending Sale .......................................
14
19
35.7%
Properties For Sale ................................................
83
70
-15.7%
Days on Market (Pending Sale) ...........................
30
63
110.0%
Month’s Supply of Inventory ................................
5.9
4.7
-21.3%
Percent Under Contract ........................................
16.9%
27.1%
60.9%
Average Median Price for Last 12 Months ........
$887,000
$1,606,192
44.8%
*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.
$905
$870 May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
M E D I A N
S A L E S
(in hundred thousands)
P R I C E
yearly trend
telesintelligence.com
the numbers median sales price**
$1,606,192
PROPERTIES FOR SALE
70
DAYS ON MARKET**
68
shadow inventory
7
(90029)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
May 2013 : Micro Market Report
Los Feliz DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$929,000
$1,200,000
29.2%
Average Price per Square Foot ...........................
$488
$611
25.2%
Properties Sold .......................................................
21
21
0.0%
Properties Pending Sale .......................................
15
30
100.0%
Properties For Sale ................................................
89
92
3.4%
Days on Market (Pending Sale) ...........................
58
38
-34.5%
Month’s Supply of Inventory ................................
5.9
4.4
-26.2%
Percent Under Contract ........................................
16.9%
32.6%
93.5%
Average Median Price for Last 12 Months ........
$939,000
$1,684,038
44.2%
*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.
$1.200
$929 May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
M E D I A N
S A L E S
(in hundred thousands)
P R I C E
yearly trend
telesintelligence.com
the numbers median sales price**
$1,684,038
PROPERTIES FOR SALE
92
DAYS ON MARKET**
55
shadow inventory
13
(90027 Zip Code)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
May 2013 : Micro Market Report
Malibu DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$1,410,000
$2,437,500
72.9%
Average Price per Square Foot ...........................
$510
$760
49.0%
Properties Sold .......................................................
17
6
-64.7%
Properties Pending Sale .......................................
12
18
50.0%
Properties For Sale ................................................
239
208
-13.0%
Days on Market (Pending Sale) ...........................
140
162
15.7%
Month’s Supply of Inventory ................................
14.1
34.7
146.6%
Percent Under Contract ........................................
5.0%
8.7%
72.4%
Average Median Price for Last 12 Months ........
$1,805,000
$1,824,000
1.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$2.437
P R I C E
yearly trend
M E D I A N
$1.410
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$1,824,000
PROPERTIES FOR SALE
208
DAYS ON MARKET**
156
shadow inventory
49
(Malibu)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
May 2013 : Micro Market Report
Malibu Beach DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$4,367,500
$2,250,000
-48.5%
Average Price per Square Foot ...........................
$1,257
$1,200
-4.5%
Properties Sold .......................................................
5
3
-40.0%
Properties Pending Sale .......................................
8
3
-62.5%
Properties For Sale ................................................
99
86
-13.1%
Days on Market (Pending Sale) ...........................
643
117
-81.8%
Month’s Supply of Inventory ................................
19.8
28.7
44.8%
Percent Under Contract ........................................
8.1%
3.5%
-56.8%
Average Median Price for Last 12 Months ........
$5,879,000
$5,684,967
-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.
S A L E S
$2.250
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
M E D I A N
$4.367
May
(in hundred thousands)
P R I C E
yearly trend
telesintelligence.com
the numbers median sales price**
$5,684,967
PROPERTIES FOR SALE
86
DAYS ON MARKET**
201
shadow inventory
2
(Map Search)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
May 2013 : Micro Market Report
Marina Del Rey DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$1,355,000
$2,030,178
49.8%
Average Price per Square Foot ...........................
$436
$577
32.3%
Properties Sold .......................................................
6
2
-66.7%
Properties Pending Sale .......................................
3
5
66.7%
Properties For Sale ................................................
32
19
-40.6%
Days on Market (Pending Sale) ...........................
138
46
-66.7%
Month’s Supply of Inventory ................................
5.3
9.5
78.1%
Percent Under Contract ........................................
9.4%
26.3%
180.7%
Average Median Price for Last 12 Months ........
$1,169,000
$1,453,344
19.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$2.030
P R I C E
yearly trend
M E D I A N
$1.355
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$1,453,344
PROPERTIES FOR SALE
19
DAYS ON MARKET**
80
shadow inventory
8
(Marina Del Rey)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
May 2013 : Micro Market Report
Mid Los Angeles DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$276,600
$500,000
80.8%
Average Price per Square Foot ...........................
$206
$309
50.0%
Properties Sold .......................................................
19
23
21.1%
Properties Pending Sale .......................................
15
16
6.7%
Properties For Sale ................................................
75
53
-29.3%
Days on Market (Pending Sale) ...........................
44
28
-36.4%
Month’s Supply of Inventory ................................
3.9
2.3
-41.6%
Percent Under Contract ........................................
20.0%
30.2%
50.9%
Average Median Price for Last 12 Months ........
$297,000
$350,365
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.
S A L E S
(in hundred thousands)
$500
P R I C E
yearly trend
M E D I A N
$276
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$350,365
PROPERTIES FOR SALE
53
DAYS ON MARKET**
47
shadow inventory
48
(90019 Zip Code)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
May 2013 : Micro Market Report
Mid Wilshire DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$357,500
$542,500
51.7%
Average Price per Square Foot ...........................
$273
$367
34.4%
Properties Sold .......................................................
4
2
-50.0%
Properties Pending Sale .......................................
2
0
-100.0%
Properties For Sale ................................................
20
14
-30.0%
Days on Market (Pending Sale) ...........................
20
0
-100.0%
Month’s Supply of Inventory ................................
5
7
40.0%
Percent Under Contract ........................................
10.0%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$405,000
$433,208
6.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$542
P R I C E
yearly trend
M E D I A N
$357
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$433,208
PROPERTIES FOR SALE
14
DAYS ON MARKET**
38
shadow inventory
13
(90036 Zip Code)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
May 2013 : Micro Market Report
Pacific Palisades DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$1,730,000
$1,987,500
14.9%
Average Price per Square Foot ...........................
$727
$680
-6.5%
Properties Sold .......................................................
23
34
47.8%
Properties Pending Sale .......................................
20
37
85.0%
Properties For Sale ................................................
178
138
-22.5%
Days on Market (Pending Sale) ...........................
50
65
30.0%
Month’s Supply of Inventory ................................
7.7
4.1
-47.6%
Percent Under Contract ........................................
11.2%
26.8%
138.6%
Average Median Price for Last 12 Months ........
$1,781,000
$2,110,154
15.6%
*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
S A L E S
(in hundred thousands)
$1.987 $1.730
P R I C E
yearly trend
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$2,110,154
PROPERTIES FOR SALE
138
DAYS ON MARKET**
75
shadow inventory
17
(Pacific Palisades)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
May 2013 : Micro Market Report
Palms - Mar Vista DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$673,000
$948,500
40.9%
Average Price per Square Foot ...........................
$522
$557
6.7%
Properties Sold .......................................................
18
23
27.8%
Properties Pending Sale .......................................
33
27
-18.2%
Properties For Sale ................................................
93
74
-20.4%
Days on Market (Pending Sale) ...........................
23
26
13.0%
Month’s Supply of Inventory ................................
5.2
3.2
-37.7%
Percent Under Contract ........................................
35.5%
36.5%
2.8%
Average Median Price for Last 12 Months ........
$736,000
$807,363
8.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
(in hundred thousands)
$948
P R I C E
yearly trend
M E D I A N
S A L E S
$673
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$807,363
PROPERTIES FOR SALE
74
DAYS ON MARKET**
46
shadow inventory
45
(90066,90034 Zip Codes)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
May 2013 : Micro Market Report
Playa Del Rey DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$745,000
$1,200,000
61.1%
Average Price per Square Foot ...........................
$451
$455
0.9%
Properties Sold .......................................................
2
5
150.0%
Properties Pending Sale .......................................
6
2
-66.7%
Properties For Sale ................................................
20
12
-40.0%
Days on Market (Pending Sale) ...........................
39
47
20.5%
Month’s Supply of Inventory ................................
10
2.4
-76.0%
Percent Under Contract ........................................
30.0%
16.7%
-44.4%
Average Median Price for Last 12 Months ........
$895,000
$1,044,038
14.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$1.200
P R I C E
yearly trend
M E D I A N
$745
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$1,044,038
PROPERTIES FOR SALE
12
DAYS ON MARKET**
73
shadow inventory
6
(Playa del Rey)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
May 2013 : Micro Market Report
Playa Vista DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$0
$1,250,000
NaN%
Average Price per Square Foot ...........................
$NaN
$2,013
NaN%
Properties Sold .......................................................
#DIV/0!
DOM 12 Month
201300.0%
Properties Pending Sale .......................................
#DIV/0!
Properties For Sale ................................................
0
NaN
201300.0%
Days on Market (Pending Sale) ...........................
NaN
NaN
201200.0%
Month’s Supply of Inventory ................................
NaN
6
NaN%
Percent Under Contract ........................................
0.0%
16.7%
NaN%
Average Median Price for Last 12 Months ........
$962,000
$1,143,179
15.8%
201300.0%
*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)
$1.250
P R I C E
yearly trend
$0 May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$640,375
PROPERTIES FOR SALE
6
DAYS ON MARKET**
35
shadow inventory
0
(90094 Zip Code)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
May 2013 : Micro Market Report
Santa Monica DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$2,360,057
$1,662,500
-29.6%
Average Price per Square Foot ...........................
$787
$784
-0.4%
Properties Sold .......................................................
18
28
55.6%
Properties Pending Sale .......................................
24
26
8.3%
Properties For Sale ................................................
116
86
-25.9%
Days on Market (Pending Sale) ...........................
66
40
-39.4%
Month’s Supply of Inventory ................................
6.4
3.1
-52.3%
Percent Under Contract ........................................
20.7%
30.2%
46.1%
Average Median Price for Last 12 Months ........
$1,701,000
$1,924,252
11.6%
*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
$1.662
S A L E S
$2.360
(in hundred thousands)
P R I C E
yearly trend
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$1,924,252
PROPERTIES FOR SALE
86
DAYS ON MARKET**
59
shadow inventory
23
(Santa Monica)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
May 2013 : Micro Market Report
Sunset Strip - Hollywood Hills West DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$1,279,000
$1,400,000
9.5%
Average Price per Square Foot ...........................
$627
$940
49.9%
Properties Sold .......................................................
37
46
24.3%
Properties Pending Sale .......................................
37
45
21.6%
Properties For Sale ................................................
312
228
-26.9%
Days on Market (Pending Sale) ...........................
76
45
-40.8%
Month’s Supply of Inventory ................................
8.4
5
-41.2%
Percent Under Contract ........................................
11.9%
19.7%
66.4%
Average Median Price for Last 12 Months ........
$1,259,000
$1,417,559
11.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$1.400
$1.279
P R I C E
yearly trend
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$1,417,559
PROPERTIES FOR SALE
228
DAYS ON MARKET**
77
shadow inventory
32
(90028, 90068)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
May 2013 : Micro Market Report
Venice DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$850,000
$1,512,500
77.9%
Average Price per Square Foot ...........................
$637
$792
24.3%
Properties Sold .......................................................
18
16
-11.1%
Properties Pending Sale .......................................
21
30
42.9%
Properties For Sale ................................................
103
78
-24.3%
Days on Market (Pending Sale) ...........................
64
39
-39.1%
Month’s Supply of Inventory ................................
5.7
4.9
-14.8%
Percent Under Contract ........................................
20.4%
38.5%
88.6%
Average Median Price for Last 12 Months ........
$1,008,000
$1,257,668
24.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$1.512
P R I C E
yearly trend
M E D I A N
$850
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$1,257,668
PROPERTIES FOR SALE
78
DAYS ON MARKET**
65
shadow inventory
19
(Venice)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
May 2013 : Micro Market Report
West Hollywood DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$900,000
$1,080,000
20.0%
Average Price per Square Foot ...........................
$592
$682
15.2%
Properties Sold .......................................................
13
15
15.4%
Properties Pending Sale .......................................
9
12
33.3%
Properties For Sale ................................................
48
34
-29.2%
Days on Market (Pending Sale) ...........................
43
46
7.0%
Month’s Supply of Inventory ................................
3.7
2.3
-38.6%
Percent Under Contract ........................................
18.8%
35.3%
88.2%
Average Median Price for Last 12 Months ........
$938,000
$1,135,424
17.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$900
S A L E S
$1.080
(in hundred thousands)
P R I C E
yearly trend
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$1,135,424
PROPERTIES FOR SALE
34
DAYS ON MARKET**
65
shadow inventory
11
(West Hollywood)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
May 2013 : Micro Market Report
West Los Angeles DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$580,000
$867,425
49.6%
Average Price per Square Foot ...........................
$546
$608
11.4%
Properties Sold .......................................................
5
6
20.0%
Properties Pending Sale .......................................
8
5
-37.5%
Properties For Sale ................................................
35
13
-62.9%
Days on Market (Pending Sale) ...........................
88
12
-86.4%
Month’s Supply of Inventory ................................
7
2.2
-69.0%
Percent Under Contract ........................................
22.9%
38.5%
68.3%
Average Median Price for Last 12 Months ........
$605,000
$669,127
10.6%
*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)
$867
P R I C E
yearly trend
M E D I A N
S A L E S
$580
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$669,127
PROPERTIES FOR SALE
13
DAYS ON MARKET**
48
shadow inventory
5
(90025 Zip Code)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
May 2013 : Micro Market Report
Westchester DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$611,325
$784,500
28.3%
Average Price per Square Foot ...........................
$390
$466
19.5%
Properties Sold .......................................................
22
28
27.3%
Properties Pending Sale .......................................
22
24
9.1%
Properties For Sale ................................................
75
56
-25.3%
Days on Market (Pending Sale) ...........................
31
17
-45.2%
Month’s Supply of Inventory ................................
3.4
2
-41.3%
Percent Under Contract ........................................
29.3%
42.9%
46.1%
Average Median Price for Last 12 Months ........
$619,000
$683,602
10.4%
*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.
(in hundred thousands)
$784
P R I C E
yearly trend
M E D I A N
S A L E S
$611
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$683,602
PROPERTIES FOR SALE
56
DAYS ON MARKET**
42
shadow inventory
35
(90045 Zip Code)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
May 2013 : Micro Market Report
Westwood - Century City DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$1,165,250
$1,490,050
27.9%
Average Price per Square Foot ...........................
$602
$667
10.8%
Properties Sold .......................................................
22
22
0.0%
Properties Pending Sale .......................................
19
19
0.0%
Properties For Sale ................................................
86
50
-41.9%
Days on Market (Pending Sale) ...........................
32
16
-50.0%
Month’s Supply of Inventory ................................
3.9
2.3
-41.9%
Percent Under Contract ........................................
22.1%
38.0%
72.0%
Average Median Price for Last 12 Months ........
$1,245,000
$1,319,352
6.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
(in hundred thousands)
$1.490
P R I C E
yearly trend
M E D I A N
S A L E S
$1.165
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$1,319,352
PROPERTIES FOR SALE
50
DAYS ON MARKET**
47
shadow inventory
6
(90024,90067 Zip Code)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
May 2013 : Micro Market Report
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References
CONTACTS:
Zachariah Kahn Research & Data Designer, Teles Intelligence zach@telesintelligence.com Sharran Srivatsaa Chief Executive Officer, Teles Intelligence sharran.srivatsaa@telesproperties.com
location:
Teles Intelligence 11990 San Vicente Blvd, Suite 100 Los Angeles, Ca 90049
Phone:
424.203.1800 email:
info@telesintelligence.com
Teles intelligence May 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.