Teles intelligence
micro market report los angeles November 2013 | SINGLE FAMILY HOMES 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
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
Laurel Canyon
Bel Air - Holmby Hills
Cheviot Hills - Rancho Park
Los Feliz
Beverly Center - Miracle Mile
Culver City
Malibu
Beverly Hills
Hancock Park - Wilshire
Malibu Beach
Beverly Hills P.O.
Hollywood
Marina del Rey
Beverlywood
Hollywood Hills East
Mid Los Angeles
Micro Market Report : November 2013
telesintelligence.com
e county
san fernando
briel
south bay Mid Wilshire
Sunset Strip - Hollywood Hills West
Pacific Palisades
Venice
Palms - Mar Vista
West Hollywood
Playa del Rey
West Los Angeles
Playa Vista
Westchester
Santa Monica
Westwood - Century City
November 2013 : Micro Market Report
Los Angeles County DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$658,000
$837,500
27.3%
Average Price per Square Foot ...........................
$497
$555
11.7%
Properties Sold .......................................................
795
640
-19.5%
Properties Pending Sale .......................................
698
678
-2.9%
Properties For Sale ................................................
3,523
3,425
-2.8%
Days on Market (Pending Sale) ...........................
73
56
-23.3%
Month’s Supply of Inventory ................................
4.4
5.4
20.8%
Percent Under Contract ........................................
19.8%
19.8%
-0.1%
Average Median Price for Last 12 Months ........
$598,000
$785,231
23.8%
*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.
$837
M E D I A N
S A L E S
(in hundred thousands)
$658
P R I C E
yearly trend
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Bel-Air Holmby Hills DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$1,745,000
$2,249,500
28.9%
Average Price per Square Foot ...........................
$863
$830
-3.8%
Properties Sold .......................................................
13
25
92.3%
Properties Pending Sale .......................................
12
18
50.0%
Properties For Sale ................................................
133
133
0.0%
Days on Market (Pending Sale) ...........................
128
73
-43.0%
Month’s Supply of Inventory ................................
10.2
5.3
-48.0%
Percent Under Contract ........................................
9.0%
9.9%
9.9%
Average Median Price for Last 12 Months ........
$1,904,000
$1,953,080
2.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
(in hundred thousands)
$2.249
P R I C E
yearly trend
M E D I A N
S A L E S
$1.745
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$1,953,080
PROPERTIES FOR SALE
133
DAYS ON MARKET**
90
shadow inventory
11
(11.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Beverly Center - Miracle Mile DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$1,027,500
$1,607,500
56.4%
Average Price per Square Foot ...........................
$551
$588
6.7%
Properties Sold .......................................................
16
8
-50.0%
Properties Pending Sale .......................................
14
13
-7.1%
Properties For Sale ................................................
48
57
18.8%
Days on Market (Pending Sale) ...........................
72
51
-29.2%
Month’s Supply of Inventory ................................
3
7.1
137.5%
Percent Under Contract ........................................
29.2%
22.8%
-21.8%
Average Median Price for Last 12 Months ........
$917,000
$1,174,130
21.9%
*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)
$1.607
P R I C E
yearly trend
M E D I A N
$1.027
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$1,174,130
PROPERTIES FOR SALE
57
DAYS ON MARKET**
46
shadow inventory
11
(11.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Beverly Hills DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$5,100,000
$4,797,500
-5.9%
Average Price per Square Foot ...........................
$1,078
$1,225
13.6%
Properties Sold .......................................................
17
10
-41.2%
Properties Pending Sale .......................................
15
12
-20.0%
Properties For Sale ................................................
113
98
-13.3%
Days on Market (Pending Sale) ...........................
81
137
69.1%
Month’s Supply of Inventory ................................
6.6
9.8
47.4%
Percent Under Contract ........................................
13.3%
12.2%
-7.8%
Average Median Price for Last 12 Months ........
$3,849,000
$4,587,385
16.1%
*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
$4.797
(in hundred thousands)
$5.100
P R I C E
yearly trend
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$4,587,385
PROPERTIES FOR SALE
98
DAYS ON MARKET**
92
shadow inventory
25
(25.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Beverly Hills- Post Office DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$1,600,000
$1,679,000
4.9%
Average Price per Square Foot ...........................
$564
$740
31.2%
Properties Sold .......................................................
11
12
9.1%
Properties Pending Sale .......................................
15
12
-20.0%
Properties For Sale ................................................
111
116
4.5%
Days on Market (Pending Sale) ...........................
73
64
-12.3%
Month’s Supply of Inventory ................................
10.1
9.7
-4.2%
Percent Under Contract ........................................
13.5%
10.3%
-23.4%
Average Median Price for Last 12 Months ........
$1,993,000
$1,961,145
-1.6%
*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
$1.679
$1.600
(in hundred thousands)
P R I C E
yearly trend
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$1,961,145
PROPERTIES FOR SALE
116
DAYS ON MARKET**
73
shadow inventory
22
(22.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Beverlywood DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$835,000
$849,000
1.7%
Average Price per Square Foot ...........................
$443
$533
20.3%
Properties Sold .......................................................
10
14
40.0%
Properties Pending Sale .......................................
18
14
-22.2%
Properties For Sale ................................................
45
56
24.4%
Days on Market (Pending Sale) ...........................
73
31
-57.5%
Month’s Supply of Inventory ................................
4.5
4
-11.1%
Percent Under Contract ........................................
40.0%
25.0%
-37.5%
Average Median Price for Last 12 Months ........
$767,000
$838,639
8.5%
*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
(in hundred thousands)
$849
$835
P R I C E
yearly trend
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$838,639
PROPERTIES FOR SALE
56
DAYS ON MARKET**
46
shadow inventory
14
(14.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Brentwood DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$1,606,573
$2,082,500
29.6%
Average Price per Square Foot ...........................
$729
$780
7.0%
Properties Sold .......................................................
28
16
-42.9%
Properties Pending Sale .......................................
11
19
72.7%
Properties For Sale ................................................
106
104
-1.9%
Days on Market (Pending Sale) ...........................
99
54
-45.5%
Month’s Supply of Inventory ................................
3.8
6.5
71.7%
Percent Under Contract ........................................
10.4%
18.3%
76.0%
Average Median Price for Last 12 Months ........
$1,819,000
$2,250,390
19.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$2.082
P R I C E
yearly trend
M E D I A N
$1.606
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$2,250,390
PROPERTIES FOR SALE
104
DAYS ON MARKET**
64
shadow inventory
17
(17.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Cheviot Hills - Rancho Park DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$1,098,000
$1,511,500
37.7%
Average Price per Square Foot ...........................
$422
$605
43.4%
Properties Sold .......................................................
2
4
100.0%
Properties Pending Sale .......................................
3
3
0.0%
Properties For Sale ................................................
14
14
0.0%
Days on Market (Pending Sale) ...........................
73
32
-56.2%
Month’s Supply of Inventory ................................
7
3.5
-50.0%
Percent Under Contract ........................................
21.4%
21.4%
0.0%
Average Median Price for Last 12 Months ........
$1,306,000
$1,373,885
4.9%
*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)
$1.511
P R I C E
yearly trend
M E D I A N
$1.098
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$1,373,885
PROPERTIES FOR SALE
14
DAYS ON MARKET**
34
shadow inventory
16
(16.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Culver City DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$658,500
$790,750
20.1%
Average Price per Square Foot ...........................
$451
$575
27.5%
Properties Sold .......................................................
18
8
-55.6%
Properties Pending Sale .......................................
11
12
9.1%
Properties For Sale ................................................
41
36
-12.2%
Days on Market (Pending Sale) ...........................
67
43
-35.8%
Month’s Supply of Inventory ................................
2.3
4.5
97.6%
Percent Under Contract ........................................
26.8%
33.3%
24.2%
Average Median Price for Last 12 Months ........
$656,000
$766,736
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.
$790
M E D I A N
S A L E S
(in hundred thousands)
$658
P R I C E
yearly trend
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$766,736
PROPERTIES FOR SALE
36
DAYS ON MARKET**
39
shadow inventory
20
(20.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Hancock Park - Wilshire DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$1,550,000
$1,475,000
-4.8%
Average Price per Square Foot ...........................
$523
$592
13.2%
Properties Sold .......................................................
19
23
21.1%
Properties Pending Sale .......................................
21
16
-23.8%
Properties For Sale ................................................
78
98
25.6%
Days on Market (Pending Sale) ...........................
63
47
-25.4%
Month’s Supply of Inventory ................................
4.1
4.3
3.8%
Percent Under Contract ........................................
26.9%
16.3%
-39.4%
Average Median Price for Last 12 Months ........
$960,000
$1,188,529
19.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.550
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 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$1,188,529
PROPERTIES FOR SALE
98
DAYS ON MARKET**
52
shadow inventory
11
(11.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Hollywood DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$510,000
$618,000
21.2%
Average Price per Square Foot ...........................
$433
$423
-2.3%
Properties Sold .......................................................
5
5
0.0%
Properties Pending Sale .......................................
2
3
50.0%
Properties For Sale ................................................
12
16
33.3%
Days on Market (Pending Sale) ...........................
77
58
-24.7%
Month’s Supply of Inventory ................................
2.4
3.2
33.3%
Percent Under Contract ........................................
16.7%
18.8%
12.5%
Average Median Price for Last 12 Months ........
$516,000
$675,923
23.7%
*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
$618
$510
(in hundred thousands)
P R I C E
yearly trend
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$675,923
PROPERTIES FOR SALE
16
DAYS ON MARKET**
45
shadow inventory
29
(29.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Hollywood Hills East DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$874,000
$1,041,000
19.1%
Average Price per Square Foot ...........................
$455
$518
13.8%
Properties Sold .......................................................
8
10
25.0%
Properties Pending Sale .......................................
12
4
-66.7%
Properties For Sale ................................................
56
45
-19.6%
Days on Market (Pending Sale) ...........................
75
29
-61.3%
Month’s Supply of Inventory ................................
4.7
4.5
-3.6%
Percent Under Contract ........................................
21.4%
8.9%
-58.5%
Average Median Price for Last 12 Months ........
$912,000
$1,002,065
9.0%
*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.
$1.041
M E D I A N
S A L E S
(in hundred thousands)
$874
P R I C E
yearly trend
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$1,002,065
PROPERTIES FOR SALE
45
DAYS ON MARKET**
57
shadow inventory
5
(5.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Laurel Canyon DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$1,195,000
$1,243,500
4.1%
Average Price per Square Foot ...........................
$517
$563
8.9%
Properties Sold .......................................................
23
17
-26.1%
Properties Pending Sale .......................................
22
15
-31.8%
Properties For Sale ................................................
119
130
9.2%
Days on Market (Pending Sale) ...........................
107
64
-40.2%
Month’s Supply of Inventory ................................
5.4
7.6
41.4%
Percent Under Contract ........................................
18.5%
11.5%
-37.6%
Average Median Price for Last 12 Months ........
$1,101,000
$1,204,052
8.6%
*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.
$1.243
M E D I A N
S A L E S
(in hundred thousands)
$1.195
P R I C E
yearly trend
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$1,204,052
PROPERTIES FOR SALE
130
DAYS ON MARKET**
60
shadow inventory
29
(29.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Los Feliz DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$1,124,000
$1,097,000
-2.4%
Average Price per Square Foot ...........................
$445
$540
21.3%
Properties Sold .......................................................
17
12
-29.4%
Properties Pending Sale .......................................
18
12
-33.3%
Properties For Sale ................................................
88
72
-18.2%
Days on Market (Pending Sale) ...........................
32
52
62.5%
Month’s Supply of Inventory ................................
4.9
6
22.7%
Percent Under Contract ........................................
20.5%
16.7%
-18.5%
Average Median Price for Last 12 Months ........
$947,000
$1,165,171
18.7%
*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
$1.097
S A L E S
$1.124
(in hundred thousands)
P R I C E
yearly trend
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$1,165,171
PROPERTIES FOR SALE
72
DAYS ON MARKET**
49
shadow inventory
12
(12.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Malibu DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$1,749,000
$1,837,500
5.1%
Average Price per Square Foot ...........................
$550
$808
46.9%
Properties Sold .......................................................
17
18
5.9%
Properties Pending Sale .......................................
8
15
87.5%
Properties For Sale ................................................
167
182
9.0%
Days on Market (Pending Sale) ...........................
201
114
-43.3%
Month’s Supply of Inventory ................................
9.8
10.1
2.9%
Percent Under Contract ........................................
4.8%
8.2%
72.0%
Average Median Price for Last 12 Months ........
$1,678,000
$1,920,481
12.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$1.837
$1.749
P R I C E
yearly trend
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$1,920,481
PROPERTIES FOR SALE
182
DAYS ON MARKET**
140
shadow inventory
28
(28.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Malibu Beach DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$3,770,822
$5,075,000
34.6%
Average Price per Square Foot ...........................
$892
$1,443
61.8%
Properties Sold .......................................................
2
2
0.0%
Properties Pending Sale .......................................
5
11
120.0%
Properties For Sale ................................................
85
70
-17.6%
Days on Market (Pending Sale) ...........................
213
178
-16.4%
Month’s Supply of Inventory ................................
42.5
35
-17.6%
Percent Under Contract ........................................
5.9%
15.7%
167.1%
Average Median Price for Last 12 Months ........
$5,715,000
$6,083,073
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.
$5.075
$3.770
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
M E D I A N
S A L E S
(in hundred thousands)
P R I C E
yearly trend
telesintelligence.com
the numbers median sales price**
$6,083,073
PROPERTIES FOR SALE
70
DAYS ON MARKET**
176
shadow inventory
4
(4.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Marina Del Rey DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$2,085,000
$1,900,000
-8.9%
Average Price per Square Foot ...........................
$464
$544
17.2%
Properties Sold .......................................................
2
3
50.0%
Properties Pending Sale .......................................
4
2
-50.0%
Properties For Sale ................................................
20
24
20.0%
Days on Market (Pending Sale) ...........................
112
37
-67.0%
Month’s Supply of Inventory ................................
10
8
-20.0%
Percent Under Contract ........................................
20.0%
8.3%
-58.3%
Average Median Price for Last 12 Months ........
$1,329,000
$1,569,225
15.3%
*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.
$2.085
M E D I A N
S A L E S
(in hundred thousands)
$1.900
P R I C E
yearly trend
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$1,569,225
PROPERTIES FOR SALE
24
DAYS ON MARKET**
59
shadow inventory
3
(3.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Mid Los Angeles DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$320,000
$490,000
53.1%
Average Price per Square Foot ...........................
$211
$295
39.8%
Properties Sold .......................................................
18
17
-5.6%
Properties Pending Sale .......................................
15
22
46.7%
Properties For Sale ................................................
55
71
29.1%
Days on Market (Pending Sale) ...........................
36
42
16.7%
Month’s Supply of Inventory ................................
3.1
4.2
36.7%
Percent Under Contract ........................................
27.3%
31.0%
13.6%
Average Median Price for Last 12 Months ........
$303,000
$426,654
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.
S A L E S M E D I A N
$320
(in hundred thousands)
$490
P R I C E
yearly trend
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$426,654
PROPERTIES FOR SALE
71
DAYS ON MARKET**
39
shadow inventory
42
(42.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Mid Wilshire DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$400,000
$562,000
40.5%
Average Price per Square Foot ...........................
$151
$308
104.0%
Properties Sold .......................................................
1
3
200.0%
Properties Pending Sale .......................................
1
2
100.0%
Properties For Sale ................................................
13
11
-15.4%
Days on Market (Pending Sale) ...........................
16
34
112.5%
Month’s Supply of Inventory ................................
13
3.7
-71.8%
Percent Under Contract ........................................
7.7%
18.2%
136.4%
Average Median Price for Last 12 Months ........
$394,000
$480,688
18.0%
*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)
$562
P R I C E
yearly trend
M E D I A N
$400
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$480,688
PROPERTIES FOR SALE
11
DAYS ON MARKET**
35
shadow inventory
10
(10.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Pacific Palisades DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$2,225,000
$2,275,000
2.2%
Average Price per Square Foot ...........................
$696
$909
30.6%
Properties Sold .......................................................
20
14
-30.0%
Properties Pending Sale .......................................
18
20
11.1%
Properties For Sale ................................................
116
120
3.4%
Days on Market (Pending Sale) ...........................
122
57
-53.3%
Month’s Supply of Inventory ................................
5.8
8.6
47.8%
Percent Under Contract ........................................
15.5%
16.7%
7.4%
Average Median Price for Last 12 Months ........
$1,949,000
$2,212,884
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.
$2.275
M E D I A N
S A L E S
(in hundred thousands)
$2.225
P R I C E
yearly trend
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$2,212,884
PROPERTIES FOR SALE
120
DAYS ON MARKET**
69
shadow inventory
12
(12.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Palms - Mar Vista DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$802,000
$1,121,000
39.8%
Average Price per Square Foot ...........................
$524
$617
17.7%
Properties Sold .......................................................
30
26
-13.3%
Properties Pending Sale .......................................
23
21
-8.7%
Properties For Sale ................................................
62
58
-6.5%
Days on Market (Pending Sale) ...........................
52
40
-23.1%
Month’s Supply of Inventory ................................
2.1
2.2
7.9%
Percent Under Contract ........................................
37.1%
36.2%
-2.4%
Average Median Price for Last 12 Months ........
$773,000
$897,290
13.9%
*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)
$1.121
P R I C E
yearly trend
M E D I A N
S A L E S
$802
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$897,290
PROPERTIES FOR SALE
58
DAYS ON MARKET**
38
shadow inventory
41
(41.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Playa Del Rey DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$1,125,000
$1,036,000
-7.9%
Average Price per Square Foot ...........................
$381
$707
85.6%
Properties Sold .......................................................
3
5
66.7%
Properties Pending Sale .......................................
1
1
0.0%
Properties For Sale ................................................
11
11
0.0%
Days on Market (Pending Sale) ...........................
217
49
-77.4%
Month’s Supply of Inventory ................................
3.7
2.2
-40.0%
Percent Under Contract ........................................
9.1%
9.1%
0.0%
Average Median Price for Last 12 Months ........
$935,000
$1,195,462
21.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.036
S A L E S
$1.125
(in hundred thousands)
P R I C E
yearly trend
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$1,195,462
PROPERTIES FOR SALE
11
DAYS ON MARKET**
71
shadow inventory
2
(2.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Playa Vista DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$1,100,000
$0
-100.0%
Average Price per Square Foot ...........................
$370
$0
-100.0%
Properties Sold .......................................................
1
0
-100.0%
Properties Pending Sale .......................................
0
1
%
Properties For Sale ................................................
1
5
400.0%
Days on Market (Pending Sale) ...........................
0
6
%
Month’s Supply of Inventory ................................
1
Percent Under Contract ........................................
0.0%
20.0%
%
Average Median Price for Last 12 Months ........
$1,009,000
$1,282,300
21.3%
%
*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)
P R I C E
yearly trend
M E D I A N
S A L E S
$1.100
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$1,282,300
PROPERTIES FOR SALE
5
DAYS ON MARKET**
40
shadow inventory
2
(2.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Santa Monica DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$1,400,000
$2,085,750
49.0%
Average Price per Square Foot ...........................
$744
$794
6.7%
Properties Sold .......................................................
31
19
-38.7%
Properties Pending Sale .......................................
26
15
-42.3%
Properties For Sale ................................................
89
79
-11.2%
Days on Market (Pending Sale) ...........................
47
40
-14.9%
Month’s Supply of Inventory ................................
2.9
4.2
44.8%
Percent Under Contract ........................................
29.2%
19.0%
-35.0%
Average Median Price for Last 12 Months ........
$1,784,000
$1,993,517
10.5%
*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)
$2.085
P R I C E
yearly trend
M E D I A N
$1.400
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$1,993,517
PROPERTIES FOR SALE
79
DAYS ON MARKET**
48
shadow inventory
14
(14.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Sunset Strip - Hollywood Hills West DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$1,217,500
$1,400,000
15.0%
Average Price per Square Foot ...........................
$621
$698
12.4%
Properties Sold .......................................................
36
27
-25.0%
Properties Pending Sale .......................................
39
28
-28.2%
Properties For Sale ................................................
239
242
1.3%
Days on Market (Pending Sale) ...........................
85
64
-24.7%
Month’s Supply of Inventory ................................
6.6
9
35.0%
Percent Under Contract ........................................
16.3%
11.6%
-29.1%
Average Median Price for Last 12 Months ........
$1,346,000
$1,459,348
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.
M E D I A N
S A L E S
(in hundred thousands)
$1.400 $1.217
P R I C E
yearly trend
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$1,459,348
PROPERTIES FOR SALE
242
DAYS ON MARKET**
66
shadow inventory
23
(23.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Venice DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$1,330,000
$1,175,000
-11.7%
Average Price per Square Foot ...........................
$759
$878
15.7%
Properties Sold .......................................................
21
17
-19.0%
Properties Pending Sale .......................................
17
12
-29.4%
Properties For Sale ................................................
60
53
-11.7%
Days on Market (Pending Sale) ...........................
63
75
19.0%
Month’s Supply of Inventory ................................
2.9
3.1
9.1%
Percent Under Contract ........................................
28.3%
22.6%
-20.1%
Average Median Price for Last 12 Months ........
$1,109,000
$1,332,283
20.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S M E D I A N
$1.175
(in hundred thousands)
$1.330
P R I C E
yearly trend
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$1,332,283
PROPERTIES FOR SALE
53
DAYS ON MARKET**
57
shadow inventory
13
(13.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
West Hollywood DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$1,392,500
$1,050,000
-24.6%
Average Price per Square Foot ...........................
$706
$744
5.4%
Properties Sold .......................................................
8
5
-37.5%
Properties Pending Sale .......................................
7
10
42.9%
Properties For Sale ................................................
43
56
30.2%
Days on Market (Pending Sale) ...........................
151
77
-49.0%
Month’s Supply of Inventory ................................
5.4
11.2
108.4%
Percent Under Contract ........................................
16.3%
17.9%
9.7%
Average Median Price for Last 12 Months ........
$1,066,000
$1,121,158
4.9%
*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 M E D I A N
$1.050
(in hundred thousands)
$1.392
P R I C E
yearly trend
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$1,121,158
PROPERTIES FOR SALE
56
DAYS ON MARKET**
58
shadow inventory
6
(6.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
West Los Angeles DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$669,000
$845,000
26.3%
Average Price per Square Foot ...........................
$506
$692
36.8%
Properties Sold .......................................................
4
7
75.0%
Properties Pending Sale .......................................
8
7
-12.5%
Properties For Sale ................................................
26
20
-23.1%
Days on Market (Pending Sale) ...........................
43
50
16.3%
Month’s Supply of Inventory ................................
6.5
2.9
-56.0%
Percent Under Contract ........................................
30.8%
35.0%
13.8%
Average Median Price for Last 12 Months ........
$593,000
$754,621
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.
(in hundred thousands)
$845
P R I C E
yearly trend
M E D I A N
S A L E S
$669
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$754,621
PROPERTIES FOR SALE
20
DAYS ON MARKET**
42
shadow inventory
11
(11.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Westchester DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$604,500
$760,000
25.7%
Average Price per Square Foot ...........................
$410
$488
19.0%
Properties Sold .......................................................
16
25
56.2%
Properties Pending Sale .......................................
18
17
-5.6%
Properties For Sale ................................................
50
38
-24.0%
Days on Market (Pending Sale) ...........................
48
31
-35.4%
Month’s Supply of Inventory ................................
3.1
1.5
-51.4%
Percent Under Contract ........................................
36.0%
44.7%
24.3%
Average Median Price for Last 12 Months ........
$624,000
$736,462
18.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
(in hundred thousands)
$760
P R I C E
yearly trend
M E D I A N
S A L E S
$604
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$736,462
PROPERTIES FOR SALE
38
DAYS ON MARKET**
33
shadow inventory
24
(24.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Westwood - Century City DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$1,395,000
$1,600,000
14.7%
Average Price per Square Foot ...........................
$618
$692
12.0%
Properties Sold .......................................................
20
15
-25.0%
Properties Pending Sale .......................................
13
19
46.2%
Properties For Sale ................................................
41
54
31.7%
Days on Market (Pending Sale) ...........................
56
26
-53.6%
Month’s Supply of Inventory ................................
2
3.6
75.6%
Percent Under Contract ........................................
31.7%
35.2%
11.0%
Average Median Price for Last 12 Months ........
$1,331,000
$1,412,677
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.
M E D I A N
S A L E S
$1.395
(in hundred thousands)
$1.600
P R I C E
yearly trend
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$1,412,677
PROPERTIES FOR SALE
54
DAYS ON MARKET**
33
shadow inventory
5
(5.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market 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
References
CONTACTS:
Aleksey Tokhner Project Manager, Teles Intelligence aleksey.tokhner@telesproperties.com Sharran Srivatsaa Chief Executive Officer, Teles Intelligence sharran.srivatsaa@telesproperties.com
location:
Teles Intelligence 11990 San Vicente Blvd, Suite 100 Los Angeles, Ca 90049
Phone:
424.203.1800 email:
info@telesintelligence.com
Teles intelligence November 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.