Teles intelligence
micro market report orange county NOVEMBER 2012 | SINGLE FAMILY HOMES REPORT
EfďŹ cient Financial security, expert staffing, advanced technology and personalized service. Portfolio Escrow, Inc. is driven to be a leading force in the escrow industry.
> >
424.203.1841 p o r t f o l i o e s c r o w. c o m
Š 2011 Portfolio Escrow, Inc. All Rights Reserved
Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on Market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
Median Price:
Days of market (Pending Sale):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
Month’s Supply of Inventory:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
Average Price per Square Foot:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
Percent Under Contract:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
Properties Sold:
The number of property transactions
Average Median Price for Last 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
Properties Pending Sale:
ending in the identified month
The number of properties that entered escrow in preparation for sale.
Shadow Inventory:
Properties in Pre-Foreclosure, Bank Properties For Sale:
Owned or Auction as identified by
The number of properties on the
ForeclosureRadar.com
market and seeking buyers.
orange county
san fern
south b
Orange Country Macro Market
East Bluff - Harbor View
Irvine
Balboa Peninsula
East Costa Mesa
Laguna Beach (all areas)
Corona del Mar - Spyglass
Fountain Valley
Lower Newport Bay - Balb
Crystal Cove
Huntington Beach
Newport Beach (all areas)
Micro Market Report : November 2012
telesintelligence.com
nando
san gabriel
bay
los angeles Newport Coast
West Newport - Lido
Newport Heights
Westminster
boa Island
Turtle Ridge
)
West Bay - Santa Ana Heights
November 2012 : Micro Market Report
Orange County Macro Market DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$1,328,500
$1,510,807
13.7%
Average Price per Square Foot ...........................
$521
$555
6.4%
Properties Sold .......................................................
306
444
45.1%
Properties Pending Sale .......................................
301
434
44.2%
Properties For Sale ................................................
2967
1670
-43.7%
Days on Market (Pending Sale) ...........................
134
66
-50.9%
Month’s Supply of Inventory ................................
9.7
3.8
-61.2%
Percent Under Contract ........................................
10.1%
26.0%
156.2%
Average Median Price for Last 12 Months ........
$1,458,118
$1,457,692
0.0%
*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.
$1.511
M E D I A N
S A L E S
(in hundred thousands)
$1.329
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
Balboa Peninsula DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$1,425,000
$1,320,000
-7.4%
Average Price per Square Foot ...........................
$695
$673
-3.2%
Properties Sold .......................................................
2
4
100.0%
Properties Pending Sale .......................................
4
8
100.0%
Properties For Sale ................................................
74
55
-25.7%
Days on Market (Pending Sale) ...........................
170
93
-45.3%
Month’s Supply of Inventory ................................
37.0
13.8
-62.8%
Percent Under Contract ........................................
5.4%
14.5%
169.1%
Average Median Price for Last 12 Months ........
$2,069,000
$2,100,452
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
$1.320
S A L E S
$1.425
(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**
$2,100,452 PROPERTIES FOR SALE
55 DAYS ON MARKET**
149 shadow inventory
9
(92663, 92661 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Corona del Mar - Spyglass DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$2,150,000
$2,225,000
3.5%
Average Price per Square Foot ...........................
$822
$856
4.1%
Properties Sold .......................................................
9
11
22.2%
Properties Pending Sale .......................................
9
11
22.2%
Properties For Sale ................................................
120
75
-37.5%
Days on Market (Pending Sale) ...........................
165
55
-66.7%
Month’s Supply of Inventory ................................
13.3
6.8
-48.9%
Percent Under Contract ........................................
7.5%
14.7%
95.6%
Average Median Price for Last 12 Months ........
$1,852,000
$1,819,207
-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.
$2.225
M E D I A N
S A L E S
(in hundred thousands)
$2.150
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**
$1,819,207 PROPERTIES FOR SALE
75 DAYS ON MARKET**
103 shadow inventory
17
(92625 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Crystal Cove DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$2,775,000
$4,395,000
58.4%
Average Price per Square Foot ...........................
$763
$927
21.5%
Properties Sold .......................................................
1
5
400.0%
Properties Pending Sale .......................................
2
5
150.0%
Properties For Sale ................................................
30
21
-30.0%
Days on Market (Pending Sale) ...........................
156
75
-51.9%
Month’s Supply of Inventory ................................
30.0
4.2
-86.0%
Percent Under Contract ........................................
6.7%
23.8%
257.1%
Average Median Price for Last 12 Months ........
$3,946,000
$3,807,442
-3.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$2.775
S A L E S
$4.395
(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**
$3,807,442 PROPERTIES FOR SALE
21 DAYS ON MARKET**
110 shadow inventory
33
(92657 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
East Bluff - Harbor View DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$1,835,000
$1,525,000
-16.9%
Average Price per Square Foot ...........................
$511
$601
17.6%
Properties Sold .......................................................
8
21
162.5%
Properties Pending Sale .......................................
14
20
42.9%
Properties For Sale ................................................
131
82
-37.4%
Days on Market (Pending Sale) ...........................
90
49
-45.6%
Month’s Supply of Inventory ................................
16.4
3.9
-76.2%
Percent Under Contract ........................................
10.7%
24.4%
128.2%
Average Median Price for Last 12 Months ........
$1,420,000
$1,373,419
-3.3%
*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.
$1.835
M E D I A N
S A L E S
(in hundred thousands)
$1.525
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**
$1,373,419 PROPERTIES FOR SALE
82 DAYS ON MARKET**
89 shadow inventory
56
(92660 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
East Costa Mesa DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$725,000
$751,750
3.7%
Average Price per Square Foot ...........................
$265
$342
29.1%
Properties Sold .......................................................
3
16
433.3%
Properties Pending Sale .......................................
7
13
85.7%
Properties For Sale ................................................
73
44
-39.7%
Days on Market (Pending Sale) ...........................
69
102
47.8%
Month’s Supply of Inventory ................................
24.3
2.8
-88.7%
Percent Under Contract ........................................
9.6%
29.5%
208.1%
Average Median Price for Last 12 Months ........
$665,000
$661,338
-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.
$752
M E D I A N
S A L E S
(in hundred thousands)
$725
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**
$661,338 PROPERTIES FOR SALE
44 DAYS ON MARKET**
87 shadow inventory
73
(92627 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Fountain Valley DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$485,500
$600,000
23.6%
Average Price per Square Foot ...........................
$246
$294
19.5%
Properties Sold .......................................................
14
31
121.4%
Properties Pending Sale .......................................
16
22
37.5%
Properties For Sale ................................................
144
52
-63.9%
Days on Market (Pending Sale) ...........................
58
50
-13.8%
Month’s Supply of Inventory ................................
10.3
1.7
-83.7%
Percent Under Contract ........................................
11.1%
42.3%
280.8%
Average Median Price for Last 12 Months ........
$553,000
$554,308
0.2%
*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.
$600
M E D I A N
S A L E S
(in hundred thousands)
$486
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**
$554,308 PROPERTIES FOR SALE
52 DAYS ON MARKET**
64 shadow inventory
110 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Huntington Beach DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$597,000
$655,000
9.7%
Average Price per Square Foot ...........................
$340
$351
3.2%
Properties Sold .......................................................
85
95
11.8%
Properties Pending Sale .......................................
78
95
21.8%
Properties For Sale ................................................
542
281
-48.2%
Days on Market (Pending Sale) ...........................
107
67
-37.4%
Month’s Supply of Inventory ................................
6.4
3.0
-53.6%
Percent Under Contract ........................................
14.4%
33.8%
134.9%
Average Median Price for Last 12 Months ........
$607,000
$608,817
0.3%
*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.
$655
M E D I A N
S A L E S
(in hundred thousands)
$597
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**
$608,817 PROPERTIES FOR SALE
281 DAYS ON MARKET**
83 shadow inventory
270 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Irvine DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$715,500
$755,000
5.5%
Average Price per Square Foot ...........................
$368
$396
7.6%
Properties Sold .......................................................
58
77
32.8%
Properties Pending Sale .......................................
53
92
73.6%
Properties For Sale ................................................
449
253
-43.7%
Days on Market (Pending Sale) ...........................
108
56
-48.1%
Month’s Supply of Inventory ................................
7.7
3.3
-57.6%
Percent Under Contract ........................................
11.8%
36.4%
208.1%
Average Median Price for Last 12 Months ........
$721,000
$733,088
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.
$755
M E D I A N
S A L E S
(in hundred thousands)
$716
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**
$733,088 PROPERTIES FOR SALE
253 DAYS ON MARKET**
82 shadow inventory
181 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Laguna Beach DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$1,446,000
$1,219,500
-15.7%
Average Price per Square Foot ...........................
$809
$763
-5.7%
Properties Sold .......................................................
28
32
14.3%
Properties Pending Sale .......................................
23
37
60.9%
Properties For Sale ................................................
321
203
-36.8%
Days on Market (Pending Sale) ...........................
166
95
-42.8%
Month’s Supply of Inventory ................................
11.5
6.3
-44.7%
Percent Under Contract ........................................
7.2%
18.2%
154.4%
Average Median Price for Last 12 Months ........
$1,214,000
$1,299,200
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.
M E D I A N
$1.220
S A L E S
$1.446
(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**
$1,299,200 PROPERTIES FOR SALE
203 DAYS ON MARKET**
136 shadow inventory
60 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Lower Newport Bay - Balboa Island DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$2,445,000
$3,700,000
51.3%
Average Price per Square Foot ...........................
$801
$827
3.2%
Properties Sold .......................................................
3
3
0.0%
Properties Pending Sale .......................................
4
5
25.0%
Properties For Sale ................................................
59
41
-30.5%
Days on Market (Pending Sale) ...........................
112
86
-23.2%
Month’s Supply of Inventory ................................
19.7
13.7
-30.5%
Percent Under Contract ........................................
6.8%
12.2%
79.9%
Average Median Price for Last 12 Months ........
$2,230,000
$2,150,423
-3.6%
*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)
$3.700
P R I C E
yearly trend
M E D I A N
S A L E S
$2.445
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**
$2,150,423 PROPERTIES FOR SALE
41 DAYS ON MARKET**
114 shadow inventory
33
(92660, 92662, 92663 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Newport Beach DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$1,475,000
$1,517,500
2.9%
Average Price per Square Foot ...........................
$622
$590
-5.1%
Properties Sold .......................................................
32
58
81.3%
Properties Pending Sale .......................................
35
54
54.3%
Properties For Sale ................................................
455
278
-38.9%
Days on Market (Pending Sale) ...........................
171
64
-62.6%
Month’s Supply of Inventory ................................
14.2
4.8
-66.3%
Percent Under Contract ........................................
7.7%
19.4%
152.5%
Average Median Price for Last 12 Months ........
$1,394,000
$1,370,538
-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.
$1.518
M E D I A N
S A L E S
(in hundred thousands)
$1.475
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**
$1,370,538 PROPERTIES FOR SALE
278 DAYS ON MARKET**
113 shadow inventory
99 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Newport Coast DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$1,650,000
$2,250,000
36.4%
Average Price per Square Foot ...........................
$628
$713
13.5%
Properties Sold .......................................................
11
21
90.9%
Properties Pending Sale .......................................
11
15
36.4%
Properties For Sale ................................................
140
83
-40.7%
Days on Market (Pending Sale) ...........................
79
57
-27.8%
Month’s Supply of Inventory ................................
12.7
4.0
-68.9%
Percent Under Contract ........................................
7.9%
18.1%
130.0%
Average Median Price for Last 12 Months ........
$2,054,000
$1,991,558
-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.
M E D I A N
$1.650
S A L E S
$2.250
(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**
$1,991,558 PROPERTIES FOR SALE
83 DAYS ON MARKET**
92 shadow inventory
27 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Newport Heights DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$799,000
$975,000
22.0%
Average Price per Square Foot ...........................
$412
$502
21.8%
Properties Sold .......................................................
3
9
200.0%
Properties Pending Sale .......................................
4
6
50.0%
Properties For Sale ................................................
37
23
-37.8%
Days on Market (Pending Sale) ...........................
160
21
-86.9%
Month’s Supply of Inventory ................................
12.3
2.6
-79.3%
Percent Under Contract ........................................
10.8%
26.1%
141.3%
Average Median Price for Last 12 Months ........
$1,207,000
$1,186,038
-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
$975 $799
(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**
$1,186,038 PROPERTIES FOR SALE
23 DAYS ON MARKET**
94 shadow inventory
31
(92663 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Turtle Ridge DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$1,995,000
$1,705,000
-14.5%
Average Price per Square Foot ...........................
$532
$610
14.7%
Properties Sold .......................................................
2
2
0.0%
Properties Pending Sale .......................................
1
5
400.0%
Properties For Sale ................................................
29
21
-27.6%
Days on Market (Pending Sale) ...........................
153
106
-30.7%
Month’s Supply of Inventory ................................
14.5
10.5
-27.6%
Percent Under Contract ........................................
3.4%
23.8%
590.5%
Average Median Price for Last 12 Months ........
$1,890,000
$1,929,808
2.1%
*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
$1.705
S A L E S
$1.995
(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**
$1,929,808 PROPERTIES FOR SALE
21 DAYS ON MARKET**
125 shadow inventory
28
(92603 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
West Bay - Santa Ana Heights DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$1,360,000
$1,647,500
21.1%
Average Price per Square Foot ...........................
$456
$463
1.5%
Properties Sold .......................................................
7
12
71.4%
Properties Pending Sale .......................................
3
10
233.3%
Properties For Sale ................................................
69
40
-42.0%
Days on Market (Pending Sale) ...........................
126
74
-41.3%
Month’s Supply of Inventory ................................
9.9
3.3
-66.2%
Percent Under Contract ........................................
4.3%
25.0%
475.0%
Average Median Price for Last 12 Months ........
$1,107,000
$1,207,330
9.1%
*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.
$1.648
M E D I A N
S A L E S
(in hundred thousands)
$1.360
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**
$1,207,330 PROPERTIES FOR SALE
40 DAYS ON MARKET**
102 shadow inventory
56
(92660 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
West Newport - Lido DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$1,650,000
$1,550,000
-6.1%
Average Price per Square Foot ...........................
$859
$811
-5.6%
Properties Sold .......................................................
9
9
0.0%
Properties Pending Sale .......................................
6
5
-16.7%
Properties For Sale ................................................
84
37
-56.0%
Days on Market (Pending Sale) ...........................
432
86
-80.1%
Month’s Supply of Inventory ................................
9.3
4.1
-56.0%
Percent Under Contract ........................................
7.1%
13.5%
89.2%
Average Median Price for Last 12 Months ........
$1,456,000
$1,592,249
9.4%
*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
$1.550
S A L E S
$1.650
(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**
$1,592,249 PROPERTIES FOR SALE
37 DAYS ON MARKET**
145 shadow inventory
31
(92663 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Westminster DATA*
NOV 2011
NOV 2012
% CHANGE
Median Price ..........................................................
$385,000
$403,275
4.7%
Average Price per Square Foot ...........................
$249
$263
5.6%
Properties Sold .......................................................
31
38
22.6%
Properties Pending Sale .......................................
31
31
0.0%
Properties For Sale ................................................
210
81
-61.4%
Days on Market (Pending Sale) ...........................
95
50
-47.4%
Month’s Supply of Inventory ................................
6.8
2.1
-68.5%
Percent Under Contract ........................................
14.8%
38.3%
159.3%
Average Median Price for Last 12 Months ........
$403,000
$395,556
-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.
$403
M E D I A N
S A L E S
(in hundred thousands)
$385
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**
$395,556 PROPERTIES FOR SALE
81 DAYS ON MARKET**
71 shadow inventory
140 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2012 : Micro Market Report
Navigating Solutions. At Riviera Financial, the business of real estate finance is about much more than loans. It is about offering diverse and competitive products; advising borrowers to make informed choices to support and protect their security; providing extraordinarily thorough customer care; and navigating solutions. Our customers expect and deserve the highest level of service and performance in all of their borrowing activities. When it comes to dedicated, comprehensive real estate finance, Riviera Financial delivers.
Get the full lending experience at rivierafinancial.com or contact a loan professional by calling 424.203.1850
r i v i e r a f i n a n c i a l . c o m 4 Locations to Serve You | Beverly Hills, Brentwood, Newport Beach & Pasadena Riviera Financial dba Mortgage Capital Partners, Inc. NMLS#239902 California Real Estate #00931610
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.