Teles intelligence
micro market report orange county 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.
san fern
orange county
south b
Orange County Macro Market
Dana Point
Irvine
Balboa Peninsula
East Bluff - Harbor View
Ladera Ranch
Corona del Mar - Spyglass
East Costa Mesa
Laguna Beach (all areas)
Coto de Caza
Fountain Valley
Laguna Hills
Crystal Cove
Huntington Beach
Laguna Niguel
Micro Market Report : May 2013
telesintelligence.com
nando
san gabriel
bay
los angeles
Long Beach
Newport Heights
Turtle Ridge
Lower Newport Bay - Balboa Island
Rancho Santa Margarita
Turtle Rock
Mission Viejo
San Clemente
West Bay - Santa Ana Heights
Newport Beach (all areas)
San Juan Capistrano
West Newport - Lido
Newport Coast
Shady Canyon
Westminster
May 2013 : Micro Market Report
Orange County DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$520,000
$630,000
21.2%
Average Price per Square Foot ...........................
$306
$376
22.9%
Properties Sold .......................................................
1912
1950
2.0%
Properties Pending Sale .......................................
1960
2015
2.8%
Properties For Sale ................................................
8,744
5,760
-34.1%
Days on Market (Pending Sale) ...........................
97
38
-60.8%
Month’s Supply of Inventory ................................
4.6
3
-35.4%
Percent Under Contract ........................................
22.4%
35.0%
56.1%
Average Median Price for Last 12 Months ........
$491,000
$555,200
13.1%
*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.
$630
M E D I A N
S A L E S
(in hundred thousands)
$520
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
Balboa Peninsula DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$3,612,500
$2,500,000
-30.8%
Average Price per Square Foot ...........................
$1,317
$730
-44.6%
Properties Sold .......................................................
2
11
450.0%
Properties Pending Sale .......................................
5
8
60.0%
Properties For Sale ................................................
77
40
-48.1%
Days on Market (Pending Sale) ...........................
132
75
-43.2%
Month’s Supply of Inventory ................................
38.5
3.6
-90.6%
Percent Under Contract ........................................
6.5%
20.0%
208.0%
Average Median Price for Last 12 Months ........
$2,317,000
$2,006,885
-13.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$2.500
S A L E S
$3.612
(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**
$2,006,885
PROPERTIES FOR SALE
40
DAYS ON MARKET**
141
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
Corona del Mar - Spyglass DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$1,430,000
$3,037,500
112.4%
Average Price per Square Foot ...........................
$674
$845
25.4%
Properties Sold .......................................................
15
12
-20.0%
Properties Pending Sale .......................................
16
16
0.0%
Properties For Sale ................................................
125
73
-41.6%
Days on Market (Pending Sale) ...........................
149
80
-46.3%
Month’s Supply of Inventory ................................
8.3
6.1
-27.0%
Percent Under Contract ........................................
12.8%
21.9%
71.2%
Average Median Price for Last 12 Months ........
$1,838,000
$1,921,558
4.5%
*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)
$3.037
P R I C E
yearly trend
M E D I A N
$1.430
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**
$1,921,558
PROPERTIES FOR SALE
73
DAYS ON MARKET**
104
shadow inventory
21
(92625 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
Coto de Caza DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$936,000
$1,199,500
28.2%
Average Price per Square Foot ...........................
$253
$345
36.4%
Properties Sold .......................................................
32
29
-9.4%
Properties Pending Sale .......................................
31
30
-3.2%
Properties For Sale ................................................
145
106
-26.9%
Days on Market (Pending Sale) ...........................
111
36
-67.6%
Month’s Supply of Inventory ................................
4.5
3.7
-19.3%
Percent Under Contract ........................................
21.4%
28.3%
32.4%
Average Median Price for Last 12 Months ........
$905,000
$960,292
6.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.199
M E D I A N
S A L E S
(in hundred thousands)
$936
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**
$960,292
PROPERTIES FOR SALE
106
DAYS ON MARKET**
101
shadow inventory
29
**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
Crystal Cove DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$3,767,500
$4,400,000
16.8%
Average Price per Square Foot ...........................
$867
$1,012
16.7%
Properties Sold .......................................................
1
6
500.0%
Properties Pending Sale .......................................
1
8
700.0%
Properties For Sale ................................................
28
29
3.6%
Days on Market (Pending Sale) ...........................
51
151
196.1%
Month’s Supply of Inventory ................................
28
4.8
-82.7%
Percent Under Contract ........................................
3.6%
27.6%
672.4%
Average Median Price for Last 12 Months ........
$4,386,000
$4,060,038
-7.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$4.400
$3.767
(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**
$4,060,038
PROPERTIES FOR SALE
29
DAYS ON MARKET**
75
shadow inventory
13
(92657 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
Dana Point DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$670,000
$1,010,000
50.7%
Average Price per Square Foot ...........................
$409
$474
15.9%
Properties Sold .......................................................
27
44
63.0%
Properties Pending Sale .......................................
36
45
25.0%
Properties For Sale ................................................
262
191
-27.1%
Days on Market (Pending Sale) ...........................
103
67
-35.0%
Month’s Supply of Inventory ................................
9.7
4.3
-55.3%
Percent Under Contract ........................................
13.7%
23.6%
71.5%
Average Median Price for Last 12 Months ........
$648,000
$765,308
18.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$1.010
P R I C E
yearly trend
M E D I A N
$670
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**
$765,308
PROPERTIES FOR SALE
191
DAYS ON MARKET**
102
shadow inventory
37
**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
East Bluff - Harbor View DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$1,492,500
$1,905,000
27.6%
Average Price per Square Foot ...........................
$504
$574
13.9%
Properties Sold .......................................................
20
25
25.0%
Properties Pending Sale .......................................
25
25
0.0%
Properties For Sale ................................................
139
77
-44.6%
Days on Market (Pending Sale) ...........................
72
50
-30.6%
Month’s Supply of Inventory ................................
7
3.1
-55.7%
Percent Under Contract ........................................
18.0%
32.5%
80.5%
Average Median Price for Last 12 Months ........
$1,370,000
$1,412,453
3.1%
*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.
$1.905
M E D I A N
S A L E S
(in hundred thousands)
$1.492
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**
$1,412,453
PROPERTIES FOR SALE
77
DAYS ON MARKET**
80
shadow inventory
30
(92660 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
East Costa Mesa DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$639,900
$867,500
35.6%
Average Price per Square Foot ...........................
$330
$427
29.4%
Properties Sold .......................................................
13
16
23.1%
Properties Pending Sale .......................................
9
18
100.0%
Properties For Sale ................................................
59
55
-6.8%
Days on Market (Pending Sale) ...........................
87
29
-66.7%
Month’s Supply of Inventory ................................
4.5
3.4
-24.3%
Percent Under Contract ........................................
15.3%
32.7%
114.5%
Average Median Price for Last 12 Months ........
$658,000
$736,158
11.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
(in hundred thousands)
$867
P R I C E
yearly trend
M E D I A N
S A L E S
$639
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**
$736,158
PROPERTIES FOR SALE
55
DAYS ON MARKET**
94
shadow inventory
22
(92627 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
Fountain Valley DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$562,000
$625,000
11.2%
Average Price per Square Foot ...........................
$283
$316
11.7%
Properties Sold .......................................................
31
31
0.0%
Properties Pending Sale .......................................
28
34
21.4%
Properties For Sale ................................................
114
79
-30.7%
Days on Market (Pending Sale) ...........................
66
34
-48.5%
Month’s Supply of Inventory ................................
3.7
2.5
-30.7%
Percent Under Contract ........................................
24.6%
43.0%
75.2%
Average Median Price for Last 12 Months ........
$542,000
$586,735
8.3%
*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.
$625
M E D I A N
S A L E S
(in hundred thousands)
$562
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**
$586,735
PROPERTIES FOR SALE
79
DAYS ON MARKET**
58
shadow inventory
40
**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
Huntington Beach DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$625,000
$695,000
11.2%
Average Price per Square Foot ...........................
$367
$402
9.5%
Properties Sold .......................................................
148
131
-11.5%
Properties Pending Sale .......................................
129
124
-3.9%
Properties For Sale ................................................
509
347
-31.8%
Days on Market (Pending Sale) ...........................
83
37
-55.4%
Month’s Supply of Inventory ................................
3.4
2.6
-23.0%
Percent Under Contract ........................................
25.3%
35.7%
41.0%
Average Median Price for Last 12 Months ........
$597,000
$638,958
7.0%
*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.
$695
M E D I A N
S A L E S
(in hundred thousands)
$625
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**
$638,958
PROPERTIES FOR SALE
347
DAYS ON MARKET**
71
shadow inventory
141
**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
Irvine DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$703,018
$935,000
33.0%
Average Price per Square Foot ...........................
$391
$455
16.4%
Properties Sold .......................................................
94
97
3.2%
Properties Pending Sale .......................................
107
100
-6.5%
Properties For Sale ................................................
457
294
-35.7%
Days on Market (Pending Sale) ...........................
72
32
-55.6%
Month’s Supply of Inventory ................................
4.9
3
-37.7%
Percent Under Contract ........................................
23.4%
34.0%
45.3%
Average Median Price for Last 12 Months ........
$694,999
$805,946
16.0%
*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.
$935
M E D I A N
S A L E S
(in hundred thousands)
$703
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**
$805,946
PROPERTIES FOR SALE
294
DAYS ON MARKET**
70
shadow inventory
103
**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
Ladera Ranch DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$752,500
$739,500
-1.7%
Average Price per Square Foot ...........................
$242
$307
26.9%
Properties Sold .......................................................
42
34
-19.0%
Properties Pending Sale .......................................
45
42
-6.7%
Properties For Sale ................................................
150
121
-19.3%
Days on Market (Pending Sale) ...........................
81
30
-63.0%
Month’s Supply of Inventory ................................
3.6
3.6
-0.4%
Percent Under Contract ........................................
30.0%
34.7%
15.7%
Average Median Price for Last 12 Months ........
$636,000
$737,979
16.0%
*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
$739
(in hundred thousands)
$752
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**
$737,979
PROPERTIES FOR SALE
121
DAYS ON MARKET**
85
shadow inventory
27
**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
Laguna Beach DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$1,275,000
$1,550,000
21.6%
Average Price per Square Foot ...........................
$716
$942
31.6%
Properties Sold .......................................................
35
39
11.4%
Properties Pending Sale .......................................
36
36
0.0%
Properties For Sale ................................................
306
257
-16.0%
Days on Market (Pending Sale) ...........................
90
50
-44.4%
Month’s Supply of Inventory ................................
8.7
6.6
-24.6%
Percent Under Contract ........................................
11.8%
14.0%
19.1%
Average Median Price for Last 12 Months ........
$1,218,000
$1,430,438
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.
$1.550
M E D I A N
S A L E S
(in hundred thousands)
$1.275
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**
$1,430,438
PROPERTIES FOR SALE
257
DAYS ON MARKET**
111
shadow inventory
34
**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
Laguna Niguel DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$595,000
$735,200
23.6%
Average Price per Square Foot ...........................
$300
$349
16.3%
Properties Sold .......................................................
50
72
44.0%
Properties Pending Sale .......................................
69
64
-7.2%
Properties For Sale ................................................
296
211
-28.7%
Days on Market (Pending Sale) ...........................
96
36
-62.5%
Month’s Supply of Inventory ................................
5.9
2.9
-50.5%
Percent Under Contract ........................................
23.3%
30.3%
30.1%
Average Median Price for Last 12 Months ........
$644,000
$671,579
4.3%
*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.
$735
M E D I A N
S A L E S
(in hundred thousands)
$595
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**
$671,579
PROPERTIES FOR SALE
211
DAYS ON MARKET**
81
shadow inventory
85
**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
Laguna Hills DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$589,950
$687,000
16.5%
Average Price per Square Foot ...........................
$275
$308
12.0%
Properties Sold .......................................................
28
24
-14.3%
Properties Pending Sale .......................................
21
31
47.6%
Properties For Sale ................................................
102
74
-27.5%
Days on Market (Pending Sale) ...........................
67
30
-55.2%
Month’s Supply of Inventory ................................
3.6
3.1
-15.4%
Percent Under Contract ........................................
20.6%
41.9%
103.5%
Average Median Price for Last 12 Months ........
$535,000
$657,800
23.0%
*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
$589
(in hundred thousands)
$687
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**
$657,800
PROPERTIES FOR SALE
74
DAYS ON MARKET**
69
shadow inventory
34
**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
Laguna Woods DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$NaN
$0
0.0%
Average Price per Square Foot ...........................
$
$
%
Properties Sold .......................................................
#DIV/0!
DOM 12 Month
%
Properties Pending Sale .......................................
28
%
Properties For Sale ................................................
%
Days on Market (Pending Sale) ...........................
%
Month’s Supply of Inventory ................................
%
Percent Under Contract ........................................
%
%
%
Average Median Price for Last 12 Months ........
$
$
%
*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)
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : May 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$
PROPERTIES FOR SALE
DAYS ON MARKET**
shadow inventory
**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
Lower Newport Bay - Balboa Island DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$2,000,000
$1,400,000
-30.0%
Average Price per Square Foot ...........................
$810
$919
13.5%
Properties Sold .......................................................
9
7
-22.2%
Properties Pending Sale .......................................
7
4
-42.9%
Properties For Sale ................................................
63
34
-46.0%
Days on Market (Pending Sale) ...........................
161
78
-51.6%
Month’s Supply of Inventory ................................
7
4.9
-30.6%
Percent Under Contract ........................................
11.1%
11.8%
5.9%
Average Median Price for Last 12 Months ........
$1,997,000
$2,284,231
14.4%
*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
$1.400
S A L E S
$2.000
(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**
$2,284,231
PROPERTIES FOR SALE
34
DAYS ON MARKET**
119
shadow inventory
20
(92662, 92663 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
Mission Viejo DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$495,000
$632,500
27.8%
Average Price per Square Foot ...........................
$249
$309
24.1%
Properties Sold .......................................................
96
92
-4.2%
Properties Pending Sale .......................................
94
105
11.7%
Properties For Sale ................................................
322
233
-27.6%
Days on Market (Pending Sale) ...........................
93
29
-68.8%
Month’s Supply of Inventory ................................
3.4
2.5
-24.5%
Percent Under Contract ........................................
29.2%
45.1%
54.4%
Average Median Price for Last 12 Months ........
$477,000
$541,788
13.6%
*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.
$632
M E D I A N
S A L E S
(in hundred thousands)
$495
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**
$541,788
PROPERTIES FOR SALE
233
DAYS ON MARKET**
63
shadow inventory
138
**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
Newport Beach DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$1,400,000
$1,589,000
13.5%
Average Price per Square Foot ...........................
$578
$693
19.9%
Properties Sold .......................................................
55
67
21.8%
Properties Pending Sale .......................................
68
63
-7.4%
Properties For Sale ................................................
445
280
-37.1%
Days on Market (Pending Sale) ...........................
101
50
-50.5%
Month’s Supply of Inventory ................................
8.1
4.2
-48.3%
Percent Under Contract ........................................
15.3%
22.5%
47.2%
Average Median Price for Last 12 Months ........
$1,333,000
$1,492,885
12.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.589
M E D I A N
S A L E S
(in hundred thousands)
$1.400
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**
$1,492,885
PROPERTIES FOR SALE
280
DAYS ON MARKET**
100
shadow inventory
58
**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
Newport Coast DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$1,774,500
$2,667,500
50.3%
Average Price per Square Foot ...........................
$567
$812
43.2%
Properties Sold .......................................................
14
26
85.7%
Properties Pending Sale .......................................
16
21
31.2%
Properties For Sale ................................................
136
83
-39.0%
Days on Market (Pending Sale) ...........................
60
99
65.0%
Month’s Supply of Inventory ................................
9.7
3.2
-67.1%
Percent Under Contract ........................................
11.8%
25.3%
115.1%
Average Median Price for Last 12 Months ........
$1,944,000
$2,507,731
29.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.774
S A L E S
$2.667
(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**
$2,507,731
PROPERTIES FOR SALE
83
DAYS ON MARKET**
88
shadow inventory
8
**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
Newport Height DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$1,180,000
$1,075,000
-8.9%
Average Price per Square Foot ...........................
$359
$610
69.9%
Properties Sold .......................................................
6
5
-16.7%
Properties Pending Sale .......................................
-0.125
Properties For Sale ................................................
31
34
9.7%
Days on Market (Pending Sale) ...........................
101
34
-66.3%
Month’s Supply of Inventory ................................
5.2
6.8
31.6%
Percent Under Contract ........................................
25.8%
20.6%
-20.2%
Average Median Price for Last 12 Months ........
$1,112,000
$1,420,333
27.7%
%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.075
S A L E S
$1.180
(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**
$1,420,333
PROPERTIES FOR SALE
34
DAYS ON MARKET**
shadow inventory
**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
Rancho Santa Margarita DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$535,000
$636,500
19.0%
Average Price per Square Foot ...........................
$243
$284
16.9%
Properties Sold .......................................................
51
52
2.0%
Properties Pending Sale .......................................
63
67
6.3%
Properties For Sale ................................................
197
111
-43.7%
Days on Market (Pending Sale) ...........................
76
32
-57.9%
Month’s Supply of Inventory ................................
3.9
2.1
-44.7%
Percent Under Contract ........................................
32.0%
60.4%
88.7%
Average Median Price for Last 12 Months ........
$499,000
$557,981
11.8%
*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.
$636
M E D I A N
S A L E S
(in hundred thousands)
$535
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**
$557,981
PROPERTIES FOR SALE
111
DAYS ON MARKET**
70
shadow inventory
54
**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
San Clemente DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$699,500
$802,500
14.7%
Average Price per Square Foot ...........................
$290
$344
18.6%
Properties Sold .......................................................
91
70
-23.1%
Properties Pending Sale .......................................
70
77
10.0%
Properties For Sale ................................................
344
266
-22.7%
Days on Market (Pending Sale) ...........................
117
54
-53.8%
Month’s Supply of Inventory ................................
3.8
3.8
0.5%
Percent Under Contract ........................................
20.3%
28.9%
42.3%
Average Median Price for Last 12 Months ........
$661,000
$724,612
9.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$802
M E D I A N
S A L E S
(in hundred thousands)
$699
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**
$724,612
PROPERTIES FOR SALE
266
DAYS ON MARKET**
81
shadow inventory
95
**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
San Juan Capistrano DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$600,000
$775,000
29.2%
Average Price per Square Foot ...........................
$282
$304
7.8%
Properties Sold .......................................................
32
38
18.8%
Properties Pending Sale .......................................
36
22
-38.9%
Properties For Sale ................................................
169
119
-29.6%
Days on Market (Pending Sale) ...........................
86
43
-50.0%
Month’s Supply of Inventory ................................
5.3
3.1
-40.7%
Percent Under Contract ........................................
21.3%
18.5%
-13.2%
Average Median Price for Last 12 Months ........
$563,000
$665,935
18.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
(in hundred thousands)
$775
P R I C E
yearly trend
M E D I A N
S A L E S
$600
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**
$665,935
PROPERTIES FOR SALE
119
DAYS ON MARKET**
81
shadow inventory
50
**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
Shady Canyon DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$4,538,888
$8,500,000
87.3%
Average Price per Square Foot ...........................
$674
$567
-15.9%
Properties Sold .......................................................
5
1
-80.0%
Properties Pending Sale .......................................
4
1
-75.0%
Properties For Sale ................................................
27
10
-63.0%
Days on Market (Pending Sale) ...........................
1
NaN
NaN%
Month’s Supply of Inventory ................................
5.4
10
85.2%
Percent Under Contract ........................................
-32.5%
NaN%
NaN%
Average Median Price for Last 12 Months ........
$4,152,000
$5,104,672
22.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$8.500
P R I C E
yearly trend
M E D I A N
$4.538
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**
$5,104,672
PROPERTIES FOR SALE
10
DAYS ON MARKET**
108
shadow inventory
0
**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
Turtle Ridge DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$1,939,000
$1,815,000
-6.4%
Average Price per Square Foot ...........................
$531
$613
15.4%
Properties Sold .......................................................
4
7
75.0%
Properties Pending Sale .......................................
4
6
50.0%
Properties For Sale ................................................
35
18
-48.6%
Days on Market (Pending Sale) ...........................
90
47
-47.8%
Month’s Supply of Inventory ................................
8.8
2.6
-70.6%
Percent Under Contract ........................................
11.4%
33.3%
191.7%
Average Median Price for Last 12 Months ........
$1,886,000
$2,026,346
7.4%
*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
$1.815
S A L E S
$1.939
(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**
$2,026,346
PROPERTIES FOR SALE
18
DAYS ON MARKET**
97
shadow inventory
16
(92603 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
Turtle Rock DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$1,019,646
$NaN
NaN%
Average Price per Square Foot ...........................
$408
$0
-100.0%
Properties Sold .......................................................
3
0
-100.0%
Properties Pending Sale .......................................
7
2
-71.4%
Properties For Sale ................................................
30
6
-80.0%
Days on Market (Pending Sale) ...........................
100
86
-14.0%
Month’s Supply of Inventory ................................
10
NaN
NaN%
Percent Under Contract ........................................
23.3%
33.3%
42.9%
Average Median Price for Last 12 Months ........
$1,021,000
$1,019,646
-0.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
$0 Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
M E D I A N
$730
May
(in hundred thousands)
P R I C E
yearly trend
telesintelligence.com
the numbers median sales price**
$1,019,646
PROPERTIES FOR SALE
6
DAYS ON MARKET**
95
shadow inventory
0
**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
Westminster DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$381,250
$475,000
24.6%
Average Price per Square Foot ...........................
$254
$301
18.5%
Properties Sold .......................................................
50
38
-24.0%
Properties Pending Sale .......................................
35
49
40.0%
Properties For Sale ................................................
173
106
-38.7%
Days on Market (Pending Sale) ...........................
61
24
-60.7%
Month’s Supply of Inventory ................................
3.5
2.8
-19.4%
Percent Under Contract ........................................
20.2%
46.2%
128.5%
Average Median Price for Last 12 Months ........
$393,000
$424,129
7.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$475
M E D I A N
S A L E S
(in hundred thousands)
$381
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**
$424,129
PROPERTIES FOR SALE
106
DAYS ON MARKET**
50
shadow inventory
72
**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 Bay - Santa Ana Heights DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$1,112,500
$1,255,000
12.8%
Average Price per Square Foot ...........................
$448
$556
24.1%
Properties Sold .......................................................
12
13
8.3%
Properties Pending Sale .......................................
15
14
-6.7%
Properties For Sale ................................................
65
41
-36.9%
Days on Market (Pending Sale) ...........................
84
32
-61.9%
Month’s Supply of Inventory ................................
5.4
3.2
-41.8%
Percent Under Contract ........................................
23.1%
34.1%
48.0%
Average Median Price for Last 12 Months ........
$1,108,000
$1,242,515
12.1%
*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
S A L E S
(in hundred thousands)
$1.255
$1.112
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**
$1,242,515
PROPERTIES FOR SALE
41
DAYS ON MARKET**
93
shadow inventory
30
(92660 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
West Newport - Lido DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$1,580,000
$1,650,000
4.4%
Average Price per Square Foot ...........................
$772
$1,318
70.7%
Properties Sold .......................................................
6
6
0.0%
Properties Pending Sale .......................................
8
5
-37.5%
Properties For Sale ................................................
70
54
-22.9%
Days on Market (Pending Sale) ...........................
151
59
-60.9%
Month’s Supply of Inventory ................................
11.7
9
-22.9%
Percent Under Contract ........................................
11.4%
9.3%
-19.0%
Average Median Price for Last 12 Months ........
$1,257,000
$1,787,692
42.2%
*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
$1.650
$1.580
(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**
$1,787,692
PROPERTIES FOR SALE
54
DAYS ON MARKET**
122
shadow inventory
20
(92663 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
Navigating Solutions. At Riviera Financial, the business of real estate finance is about much more than loans. It is about offering diverse and competitive products; advising borrowers to make informed choices to support and protect their security; providing extraordinarily thorough customer care; and navigating solutions. Our customers expect and deserve the highest level of service and performance in all of their borrowing activities. When it comes to dedicated, comprehensive real estate finance, Riviera Financial delivers.
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References
CONTACTS:
Zachariah Kahn Research & Data Designer, Teles Intelligence zach@telesintelligence.com Sharran Srivatsaa Chief Executive Officer, Teles Intelligence sharran.srivatsaa@telesproperties.com
location:
Teles Intelligence 11990 San Vicente Blvd, Suite 100 Los Angeles, Ca 90049
Phone:
424.203.1800 email:
info@telesintelligence.com
Teles intelligence May 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.