Teles intelligence
micro market report los angeles NOVEMBER 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.
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 : November 2012
telesintelligence.com
e county
san fernando
briel
south bay Pacific Palisades
Venice
Palms - Mar Vista
West Hollywood
Playa del Rey
West Los Angeles
Playa Vista
Westchester
Santa Monica
Westwood - Century City
Sunset Strip - Hollywood Hills West
November 2012 : Micro Market Report
Los Angeles Macro Market DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$1,258,731
$1,392,233
10.6%
Average Price per Square Foot ...........................
$515
$554
7.7%
Properties Sold .......................................................
282
383
35.8%
Properties Pending Sale .......................................
324
391
20.7%
Properties For Sale ................................................
2989
1845
-38.3%
Days on Market (Pending Sale) ...........................
76
70
-7.9%
Month’s Supply of Inventory ................................
10.6
4.8
-54.6%
Percent Under Contract ........................................
10.8%
21.2%
95.5%
Average Median Price for Last 12 Months ........
$1,275,464
$1,369,405
6.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.392
M E D I A N
S A L E S
(in hundred thousands)
$1.259
P R I C E
yearly trend
NOV
DEC
JAN
FEB
Micro Market Report : November 2012
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
telesintelligence.com
Bel Air - Holmby Hills DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$1,574,000
$1,838,750
16.8%
Average Price per Square Foot ...........................
$672
$833
24.0%
Properties Sold .......................................................
9
10
11.1%
Properties Pending Sale .......................................
16
16
0.0%
Properties For Sale ................................................
171
137
-19.9%
Days on Market (Pending Sale) ...........................
80
105
31.3%
Month’s Supply of Inventory ................................
19.0
13.7
-27.9%
Percent Under Contract ........................................
9.4%
11.7%
24.8%
Average Median Price for Last 12 Months ........
$1,716,000
$1,910,763
10.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.839 $1.574
(in hundred thousands)
P R I C E
yearly trend
NOV
DEC
JAN
FEB
Micro Market Report : November 2012
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
telesintelligence.com
the numbers median sales price**
$1,910,763 PROPERTIES FOR SALE
137 DAYS ON MARKET**
94 shadow inventory
24 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Beverly Center - Miracle Mile DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$1,025,000
$916,500
-10.6%
Average Price per Square Foot ...........................
$532
$534
0.4%
Properties Sold .......................................................
10
12
20.0%
Properties Pending Sale .......................................
11
11
0.0%
Properties For Sale ................................................
77
54
-29.9%
Days on Market (Pending Sale) ...........................
46
50
8.7%
Month’s Supply of Inventory ................................
7.7
4.5
-41.6%
Percent Under Contract ........................................
14.3%
20.4%
42.6%
Average Median Price for Last 12 Months ........
$941,000
$915,433
-2.8%
*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.
$1.025
M E D I A N
S A L E S
(in hundred thousands)
$917
P R I C E
yearly trend
NOV
DEC
JAN
FEB
Micro Market Report : November 2012
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
telesintelligence.com
the numbers median sales price**
$915,433 PROPERTIES FOR SALE
54 DAYS ON MARKET**
50 shadow inventory
24
(90048 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Beverly Hills DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$2,173,000
$5,300,000
143.9%
Average Price per Square Foot ...........................
$762
$1,102
44.6%
Properties Sold .......................................................
14
16
14.3%
Properties Pending Sale .......................................
9
17
88.9%
Properties For Sale ................................................
143
108
-24.5%
Days on Market (Pending Sale) ...........................
100
83
-17.0%
Month’s Supply of Inventory ................................
10.2
6.8
-33.9%
Percent Under Contract ........................................
6.3%
15.7%
150.1%
Average Median Price for Last 12 Months ........
$2,809,000
$3,862,464
27.3%
*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.
NOV
S A L E S M E D I A N
$2.173
(in hundred thousands)
$5.300
P R I C E
yearly trend
DEC
JAN
FEB
Micro Market Report : November 2012
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
telesintelligence.com
the numbers median sales price**
$3,862,464 PROPERTIES FOR SALE
108 DAYS ON MARKET**
91 shadow inventory
66 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Beverly Hills P.O. DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$1,350,000
$1,600,000
18.5%
Average Price per Square Foot ...........................
$550
$564
2.5%
Properties Sold .......................................................
11
11
0.0%
Properties Pending Sale .......................................
15
18
20.0%
Properties For Sale ................................................
191
106
-44.5%
Days on Market (Pending Sale) ...........................
85
57
-32.9%
Month’s Supply of Inventory ................................
17.4
9.6
-44.5%
Percent Under Contract ........................................
7.9%
17.0%
116.2%
Average Median Price for Last 12 Months ........
$2,005,000
$1,981,673
-1.2%
*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
$1.600 $1.350
(in hundred thousands)
P R I C E
yearly trend
NOV
DEC
JAN
FEB
Micro Market Report : November 2012
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
telesintelligence.com
the numbers median sales price**
$1,981,673 PROPERTIES FOR SALE
106 DAYS ON MARKET**
90 shadow inventory
58
(90210 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Beverlywood DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$599,000
$835,000
39.4%
Average Price per Square Foot ...........................
$408
$443
8.6%
Properties Sold .......................................................
11
10
-9.1%
Properties Pending Sale .......................................
8
20
150.0%
Properties For Sale ................................................
79
42
-46.8%
Days on Market (Pending Sale) ...........................
69
53
-23.2%
Month’s Supply of Inventory ................................
7.2
4.2
-41.5%
Percent Under Contract ........................................
10.1%
47.6%
370.2%
Average Median Price for Last 12 Months ........
$762,000
$766,788
0.6%
*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)
$835
P R I C E
yearly trend
M E D I A N
$599
NOV
DEC
JAN
FEB
Micro Market Report : November 2012
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
telesintelligence.com
the numbers median sales price**
$766,788 PROPERTIES FOR SALE
42 DAYS ON MARKET**
52 shadow inventory
33
(90035 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Brentwood DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$1,600,000
$1,606,573
0.4%
Average Price per Square Foot ...........................
$599
$729
21.7%
Properties Sold .......................................................
17
28
64.7%
Properties Pending Sale .......................................
14
13
-7.1%
Properties For Sale ................................................
157
101
-35.7%
Days on Market (Pending Sale) ...........................
99
96
-3.0%
Month’s Supply of Inventory ................................
9.2
3.6
-60.9%
Percent Under Contract ........................................
8.9%
12.9%
44.3%
Average Median Price for Last 12 Months ........
$1,792,000
$1,819,158
1.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.607
$1.600
(in hundred thousands)
P R I C E
yearly trend
NOV
DEC
JAN
FEB
Micro Market Report : November 2012
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
telesintelligence.com
the numbers median sales price**
$1,819,158 PROPERTIES FOR SALE
101 DAYS ON MARKET**
77 shadow inventory
36
(90049 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Cheviot Hills - Rancho Park DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$1,300,000
$1,098,000
-15.5%
Average Price per Square Foot ...........................
$577
$422
-26.9%
Properties Sold .......................................................
5
2
-60.0%
Properties Pending Sale .......................................
2
3
50.0%
Properties For Sale ................................................
31
11
-64.5%
Days on Market (Pending Sale) ...........................
95
60
-36.8%
Month’s Supply of Inventory ................................
6.2
5.5
-11.3%
Percent Under Contract ........................................
6.5%
27.3%
322.7%
Average Median Price for Last 12 Months ........
$1,222,000
$1,306,289
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.
M E D I A N
$1.098
S A L E S
$1.300
(in hundred thousands)
P R I C E
yearly trend
NOV
DEC
JAN
FEB
Micro Market Report : November 2012
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
telesintelligence.com
the numbers median sales price**
$1,306,289 PROPERTIES FOR SALE
11 DAYS ON MARKET**
62 shadow inventory
38
(90064 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Culver City DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$797,500
$658,500
-17.4%
Average Price per Square Foot ...........................
$420
$451
7.4%
Properties Sold .......................................................
8
18
125.0%
Properties Pending Sale .......................................
7
13
85.7%
Properties For Sale ................................................
69
42
-39.1%
Days on Market (Pending Sale) ...........................
41
50
22.0%
Month’s Supply of Inventory ................................
8.6
2.3
-72.9%
Percent Under Contract ........................................
10.1%
31.0%
205.1%
Average Median Price for Last 12 Months ........
$645,000
$656,423
1.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$659
(in hundred thousands)
$798
P R I C E
yearly trend
NOV
DEC
JAN
FEB
Micro Market Report : November 2012
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
telesintelligence.com
the numbers median sales price**
$656,423 PROPERTIES FOR SALE
42 DAYS ON MARKET**
49 shadow inventory
32 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Hancock Park - Wilshire DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$900,000
$1,550,000
72.2%
Average Price per Square Foot ...........................
$414
$523
26.3%
Properties Sold .......................................................
15
19
26.7%
Properties Pending Sale .......................................
16
21
31.3%
Properties For Sale ................................................
146
77
-47.3%
Days on Market (Pending Sale) ...........................
63
50
-20.6%
Month’s Supply of Inventory ................................
9.7
4.1
-58.4%
Percent Under Contract ........................................
11.0%
27.3%
148.9%
Average Median Price for Last 12 Months ........
$995,000
$965,608
-3.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$1.550
P R I C E
yearly trend
M E D I A N
$900
NOV
DEC
JAN
FEB
Micro Market Report : November 2012
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
telesintelligence.com
the numbers median sales price**
$965,608 PROPERTIES FOR SALE
77 DAYS ON MARKET**
68 shadow inventory
42
(90004, 90020 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Hollywood DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$310,000
$447,500
44.4%
Average Price per Square Foot ...........................
$204
$388
90.2%
Properties Sold .......................................................
3
4
33.3%
Properties Pending Sale .......................................
6
2
-66.7%
Properties For Sale ................................................
33
11
-66.7%
Days on Market (Pending Sale) ...........................
78
77
-1.3%
Month’s Supply of Inventory ................................
11.0
2.8
-75.0%
Percent Under Contract ........................................
18.2%
18.2%
0.0%
Average Median Price for Last 12 Months ........
$464,000
$513,923
9.7%
*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.
NOV
M E D I A N
$310
S A L E S
$448
(in hundred thousands)
P R I C E
yearly trend
DEC
JAN
FEB
Micro Market Report : November 2012
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
telesintelligence.com
the numbers median sales price**
$513,923 PROPERTIES FOR SALE
11 DAYS ON MARKET**
52 shadow inventory
85
(90028, 90038, 90068 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Hollywood Hills East DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$775,000
$874,000
12.8%
Average Price per Square Foot ...........................
$345
$455
31.9%
Properties Sold .......................................................
7
8
14.3%
Properties Pending Sale .......................................
10
16
60.0%
Properties For Sale ................................................
84
54
-35.7%
Days on Market (Pending Sale) ...........................
81
64
-21.0%
Month’s Supply of Inventory ................................
8.4
6.8
-19.6%
Percent Under Contract ........................................
11.9%
29.6%
148.9%
Average Median Price for Last 12 Months ........
$873,000
$912,423
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.
M E D I A N
S A L E S
$874
$775
(in hundred thousands)
P R I C E
yearly trend
NOV
DEC
JAN
FEB
Micro Market Report : November 2012
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
telesintelligence.com
the numbers median sales price**
$912,423 PROPERTIES FOR SALE
54 DAYS ON MARKET**
63 shadow inventory
16
(90029 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Los Feliz DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$650,000
$1,124,000
72.9%
Average Price per Square Foot ...........................
$397
$445
12.1%
Properties Sold .......................................................
18
17
-5.6%
Properties Pending Sale .......................................
14
20
42.9%
Properties For Sale ................................................
115
82
-28.7%
Days on Market (Pending Sale) ...........................
53
29
-45.3%
Month’s Supply of Inventory ................................
8.2
4.8
-41.3%
Percent Under Contract ........................................
12.2%
24.4%
100.3%
Average Median Price for Last 12 Months ........
$911,000
$946,690
3.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$1.124
P R I C E
yearly trend
M E D I A N
$650
NOV
DEC
JAN
FEB
Micro Market Report : November 2012
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
telesintelligence.com
the numbers median sales price**
$946,690 PROPERTIES FOR SALE
82 DAYS ON MARKET**
53 shadow inventory
35
(90027 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Malibu DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$908,514
$1,265,000
39.2%
Average Price per Square Foot ...........................
$541
$536
-0.9%
Properties Sold .......................................................
8
15
87.5%
Properties Pending Sale .......................................
15
7
-53.3%
Properties For Sale ................................................
274
158
-42.3%
Days on Market (Pending Sale) ...........................
176
193
9.7%
Month’s Supply of Inventory ................................
34.3
10.5
-69.2%
Percent Under Contract ........................................
5.5%
4.4%
-19.1%
Average Median Price for Last 12 Months ........
$2,003,000
$1,641,078
-22.1%
*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.
NOV
M E D I A N
$908
S A L E S
$1.265
(in hundred thousands)
P R I C E
yearly trend
DEC
JAN
FEB
Micro Market Report : November 2012
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
telesintelligence.com
the numbers median sales price**
$1,641,078 PROPERTIES FOR SALE
158 DAYS ON MARKET**
138 shadow inventory
70 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Malibu Beach DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$8,000,000
$3,770,822
-52.9%
Average Price per Square Foot ...........................
$1,424
$892
-37.4%
Properties Sold .......................................................
3
2
-33.3%
Properties Pending Sale .......................................
1
5
400.0%
Properties For Sale ................................................
112
82
-26.8%
Days on Market (Pending Sale) ...........................
275
184
-33.1%
Month’s Supply of Inventory ................................
37.3
41.0
9.8%
Percent Under Contract ........................................
0.9%
6.1%
582.9%
Average Median Price for Last 12 Months ........
$4,938,000
$5,629,298
12.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$3.770
S A L E S
$8.000
(in hundred thousands)
P R I C E
yearly trend
NOV
DEC
JAN
FEB
Micro Market Report : November 2012
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
telesintelligence.com
the numbers median sales price**
$5,313,048 PROPERTIES FOR SALE
82 DAYS ON MARKET**
206 shadow inventory
8 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Marina del Rey DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$1,772,500
$2,085,000
17.6%
Average Price per Square Foot ...........................
$461
$464
0.7%
Properties Sold .......................................................
2
2
0.0%
Properties Pending Sale .......................................
2
4
100.0%
Properties For Sale ................................................
29
19
-34.5%
Days on Market (Pending Sale) ...........................
29
95
227.6%
Month’s Supply of Inventory ................................
14.5
9.5
-34.5%
Percent Under Contract ........................................
6.9%
21.1%
205.3%
Average Median Price for Last 12 Months ........
$1,225,000
$1,328,817
7.8%
*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.
$2.085
M E D I A N
S A L E S
(in hundred thousands)
$1.773
P R I C E
yearly trend
NOV
DEC
JAN
FEB
Micro Market Report : November 2012
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
telesintelligence.com
the numbers median sales price**
$1,215,900 PROPERTIES FOR SALE
19 DAYS ON MARKET**
82 shadow inventory
8 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Mid Los Angeles DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$310,000
$320,000
3.2%
Average Price per Square Foot ...........................
$215
$211
-1.9%
Properties Sold .......................................................
17
18
5.9%
Properties Pending Sale .......................................
14
17
21.4%
Properties For Sale ................................................
104
50
-51.9%
Days on Market (Pending Sale) ...........................
98
27
-72.4%
Month’s Supply of Inventory ................................
6.1
2.8
-54.6%
Percent Under Contract ........................................
13.5%
34.0%
152.6%
Average Median Price for Last 12 Months ........
$304,000
$300,904
-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.
$320
M E D I A N
S A L E S
(in hundred thousands)
$310
P R I C E
yearly trend
NOV
DEC
JAN
FEB
Micro Market Report : November 2012
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
telesintelligence.com
the numbers median sales price**
$300,904 PROPERTIES FOR SALE
50 DAYS ON MARKET**
60 shadow inventory
92
(90019 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Mid Wilshire DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$234,900
$400,000
70.3%
Average Price per Square Foot ...........................
$165
$151
-8.5%
Properties Sold .......................................................
1
1
0.0%
Properties Pending Sale .......................................
4
1
-75.0%
Properties For Sale ................................................
26
9
-65.4%
Days on Market (Pending Sale) ...........................
25
16
-36.0%
Month’s Supply of Inventory ................................
26.0
9.0
-65.4%
Percent Under Contract ........................................
15.4%
11.1%
-27.8%
Average Median Price for Last 12 Months ........
$422,000
$394,071
-7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$400
P R I C E
yearly trend
M E D I A N
$235
NOV
DEC
JAN
FEB
Micro Market Report : November 2012
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
telesintelligence.com
the numbers median sales price**
$360,738 PROPERTIES FOR SALE
9 DAYS ON MARKET**
22 shadow inventory
19
(90036 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Pacific Palisades DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$1,721,090
$2,225,000
29.3%
Average Price per Square Foot ...........................
$688
$696
1.2%
Properties Sold .......................................................
24
20
-16.7%
Properties Pending Sale .......................................
22
23
4.5%
Properties For Sale ................................................
167
113
-32.3%
Days on Market (Pending Sale) ...........................
53
95
79.2%
Month’s Supply of Inventory ................................
7.0
5.7
-18.8%
Percent Under Contract ........................................
13.2%
20.4%
54.5%
Average Median Price for Last 12 Months ........
$1,711,000
$1,940,218
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.
S A L E S
(in hundred thousands)
$2.225
P R I C E
yearly trend
M E D I A N
$1.721
NOV
DEC
JAN
FEB
Micro Market Report : November 2012
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
telesintelligence.com
the numbers median sales price**
$1,940,218 PROPERTIES FOR SALE
113 DAYS ON MARKET**
72 shadow inventory
33 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Palms - Mar Vista DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$910,000
$802,000
-11.9%
Average Price per Square Foot ...........................
$434
$524
20.7%
Properties Sold .......................................................
16
30
87.5%
Properties Pending Sale .......................................
19
26
36.8%
Properties For Sale ................................................
120
61
-49.2%
Days on Market (Pending Sale) ...........................
70
35
-50.0%
Month’s Supply of Inventory ................................
7.5
2.0
-72.9%
Percent Under Contract ........................................
15.8%
42.6%
169.2%
Average Median Price for Last 12 Months ........
$729,000
$772,923
5.7%
*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.
$910
M E D I A N
S A L E S
(in hundred thousands)
$802
P R I C E
yearly trend
NOV
DEC
JAN
FEB
Micro Market Report : November 2012
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
telesintelligence.com
the numbers median sales price**
$772,923 PROPERTIES FOR SALE
61 DAYS ON MARKET**
53 shadow inventory
95
(90066, 90034 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Playa del Rey DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$0
$1,125,000
N/A
Average Price per Square Foot ...........................
$0
$381
N/A
Properties Sold .......................................................
0
3
N/A
Properties Pending Sale .......................................
6
1
-83.3%
Properties For Sale ................................................
25
11
-56.0%
Days on Market (Pending Sale) ...........................
74
161
117.6%
Month’s Supply of Inventory ................................
N/A
3.7
N/A
Percent Under Contract ........................................
24.0%
9.1%
-62.1%
Average Median Price for Last 12 Months ........
$1,021,000
$935,146
-9.2%
*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)
$1.125
P R I C E
yearly trend
$0 NOV
DEC
JAN
FEB
Micro Market Report : November 2012
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
telesintelligence.com
the numbers median sales price**
$871,813 PROPERTIES FOR SALE
11 DAYS ON MARKET**
70 shadow inventory
8 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Playa Vista DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$602,000
$1,100,000
82.7%
Average Price per Square Foot ...........................
$372
$370
-0.5%
Properties Sold .......................................................
1
1
0.0%
Properties Pending Sale .......................................
0
0
N/A
Properties For Sale ................................................
3
1
-66.7%
Days on Market (Pending Sale) ...........................
0
0
N/A
Month’s Supply of Inventory ................................
3.0
1.0
-66.7%
Percent Under Contract ........................................
0.0%
0.0%
N/A
Average Median Price for Last 12 Months ........
$987,000
$1,008,806
2.2%
*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.
NOV
M E D I A N
$602
S A L E S
$1.100
(in hundred thousands)
P R I C E
yearly trend
DEC
JAN
FEB
Micro Market Report : November 2012
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
telesintelligence.com
the numbers median sales price**
$685,472 PROPERTIES FOR SALE
1 DAYS ON MARKET**
60 shadow inventory
2 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Santa Monica DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$1,695,000
$1,406,875
-17.0%
Average Price per Square Foot ...........................
$789
$742
-6.0%
Properties Sold .......................................................
16
30
87.5%
Properties Pending Sale .......................................
18
29
61.1%
Properties For Sale ................................................
133
84
-36.8%
Days on Market (Pending Sale) ...........................
77
30
-61.0%
Month’s Supply of Inventory ................................
8.3
2.8
-66.3%
Percent Under Contract ........................................
13.5%
34.5%
155.1%
Average Median Price for Last 12 Months ........
$1,571,000
$1,772,649
11.4%
*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
$1.407
S A L E S
$1.695
(in hundred thousands)
P R I C E
yearly trend
NOV
DEC
JAN
FEB
Micro Market Report : November 2012
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
telesintelligence.com
the numbers median sales price**
$1,772,649 PROPERTIES FOR SALE
84 DAYS ON MARKET**
58 shadow inventory
38 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Sunset Strip - Hollywood Hills West DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$1,048,500
$1,217,500
16.1%
Average Price per Square Foot ...........................
$431
$621
44.1%
Properties Sold .......................................................
16
36
125.0%
Properties Pending Sale .......................................
27
40
48.1%
Properties For Sale ................................................
319
231
-27.6%
Days on Market (Pending Sale) ...........................
86
71
-17.4%
Month’s Supply of Inventory ................................
19.9
6.4
-67.8%
Percent Under Contract ........................................
8.5%
17.3%
104.6%
Average Median Price for Last 12 Months ........
$1,255,000
$1,344,073
6.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.218
$1.049
(in hundred thousands)
P R I C E
yearly trend
NOV
DEC
JAN
FEB
Micro Market Report : November 2012
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
telesintelligence.com
the numbers median sales price**
$1,344,073 PROPERTIES FOR SALE
231 DAYS ON MARKET**
75 shadow inventory
76
(90028, 90068 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Venice DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$1,002,500
$1,330,000
32.7%
Average Price per Square Foot ...........................
$643
$759
18.0%
Properties Sold .......................................................
12
21
75.0%
Properties Pending Sale .......................................
14
18
28.6%
Properties For Sale ................................................
108
58
-46.3%
Days on Market (Pending Sale) ...........................
75
48
-36.0%
Month’s Supply of Inventory ................................
9.0
2.8
-69.3%
Percent Under Contract ........................................
13.0%
31.0%
139.4%
Average Median Price for Last 12 Months ........
$976,000
$1,108,008
13.5%
*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.
$1.330
M E D I A N
S A L E S
(in hundred thousands)
$1.003
P R I C E
yearly trend
NOV
DEC
JAN
FEB
Micro Market Report : November 2012
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
telesintelligence.com
the numbers median sales price**
$1,108,008 PROPERTIES FOR SALE
58 DAYS ON MARKET**
65 shadow inventory
34 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
West Hollywood DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$723,000
$1,392,500
92.6%
Average Price per Square Foot ...........................
$630
$706
12.1%
Properties Sold .......................................................
12
8
-33.3%
Properties Pending Sale .......................................
14
8
-42.9%
Properties For Sale ................................................
71
36
-49.3%
Days on Market (Pending Sale) ...........................
48
118
145.8%
Month’s Supply of Inventory ................................
5.9
4.5
-23.9%
Percent Under Contract ........................................
19.7%
22.2%
12.7%
Average Median Price for Last 12 Months ........
$885,000
$1,059,574
16.5%
*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)
$1.393
P R I C E
yearly trend
M E D I A N
$723
NOV
DEC
JAN
FEB
Micro Market Report : November 2012
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
telesintelligence.com
the numbers median sales price**
$1,059,574 PROPERTIES FOR SALE
36 DAYS ON MARKET**
59 shadow inventory
12 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
West Los Angeles DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$272,000
$669,000
146.0%
Average Price per Square Foot ...........................
$309
$506
63.8%
Properties Sold .......................................................
1
4
300.0%
Properties Pending Sale .......................................
7
8
14.3%
Properties For Sale ................................................
33
26
-21.2%
Days on Market (Pending Sale) ...........................
47
22
-53.2%
Month’s Supply of Inventory ................................
33.0
6.5
-80.3%
Percent Under Contract ........................................
21.2%
30.8%
45.1%
Average Median Price for Last 12 Months ........
$623,000
$593,249
-4.8%
*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)
$669
M E D I A N
$272
NOV
P R I C E
yearly trend
DEC
JAN
FEB
Micro Market Report : November 2012
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
telesintelligence.com
the numbers median sales price**
$593,249 PROPERTIES FOR SALE
26 DAYS ON MARKET**
42 shadow inventory
13
(90025 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Westchester DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$595,000
$630,000
5.9%
Average Price per Square Foot ...........................
$378
$422
11.6%
Properties Sold .......................................................
19
15
-21.1%
Properties Pending Sale .......................................
18
20
11.1%
Properties For Sale ................................................
79
49
-38.0%
Days on Market (Pending Sale) ...........................
40
45
12.5%
Month’s Supply of Inventory ................................
4.2
3.3
-21.4%
Percent Under Contract ........................................
22.8%
40.8%
79.1%
Average Median Price for Last 12 Months ........
$637,000
$625,617
-1.8%
*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.
$630
M E D I A N
S A L E S
(in hundred thousands)
$595
P R I C E
yearly trend
NOV
DEC
JAN
FEB
Micro Market Report : November 2012
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
telesintelligence.com
the numbers median sales price**
$625,617 PROPERTIES FOR SALE
49 DAYS ON MARKET**
44 shadow inventory
69
(90045 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Westwood - Century City DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$1,452,500
$1,395,000
-4.0%
Average Price per Square Foot ...........................
$535
$618
15.5%
Properties Sold .......................................................
6
20
233.3%
Properties Pending Sale .......................................
15
15
0.0%
Properties For Sale ................................................
90
42
-53.3%
Days on Market (Pending Sale) ...........................
54
41
-24.1%
Month’s Supply of Inventory ................................
15.0
2.1
-86.0%
Percent Under Contract ........................................
16.7%
35.7%
114.3%
Average Median Price for Last 12 Months ........
$1,291,000
$1,331,276
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.
M E D I A N
S A L E S
$1.395
(in hundred thousands)
$1.453
P R I C E
yearly trend
NOV
DEC
JAN
FEB
Micro Market Report : November 2012
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
telesintelligence.com
the numbers median sales price**
$1,331,276 PROPERTIES FOR SALE
42 DAYS ON MARKET**
48 shadow inventory
10
(90024, 90067 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : 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 NovemBER 2012 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2012 Teles Properties, Inc. Teles Properties is a registered trademark.