Teles intelligence
micro market report orange county November 2013 | SINGLE FAMILY HOMES REPORT
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
Median Price:
Days of market (Pending Sale):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
Month’s Supply of Inventory:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
Average Price per Square Foot:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
Percent Under Contract:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
Properties Sold:
The number of property transactions
Average Median Price for Last 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
Properties Pending Sale:
ending in the identified month
The number of properties that entered escrow in preparation for sale.
Shadow Inventory:
Properties in Pre-Foreclosure, Bank Properties For Sale:
Owned or Auction as identified by
The number of properties on the
ForeclosureRadar.com
market and seeking buyers.
san fern
orange county
south b
Orange County Macro Market
Dana Point
Irvine
Balboa Peninsula
East Bluff - Harbor View
Ladera Ranch
Corona del Mar - Spyglass
East Costa Mesa
Laguna Beach (all areas)
Coto de Caza
Fountain Valley
Laguna Hills
Crystal Cove
Huntington Beach
Laguna Niguel
Micro Market Report : November 2013
telesintelligence.com
nando
san gabriel
bay
los angeles
Long Beach
Newport Heights
Turtle Ridge
Lower Newport Bay - Balboa Island
Rancho Santa Margarita
Turtle Rock
Mission Viejo
San Clemente
West Bay - Santa Ana Heights
Newport Beach (all areas)
San Juan Capistrano
West Newport - Lido
Newport Coast
Shady Canyon
Westminster
November 2013 : Micro Market Report
Orange County DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$540,000
$648,250
20.0%
Average Price per Square Foot ...........................
$326
$383
17.5%
Properties Sold .......................................................
1730
1334
-22.9%
Properties Pending Sale .......................................
1592
1377
-13.5%
Properties For Sale ................................................
5,916
6,033
2.0%
Days on Market (Pending Sale) ...........................
78
59
-24.4%
Month’s Supply of Inventory ................................
3.4
4.5
32.2%
Percent Under Contract ........................................
26.9%
22.8%
-15.2%
Average Median Price for Last 12 Months ........
$505,000
$608,696
20.5%
*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.
$648
M E D I A N
S A L E S
(in hundred thousands)
$540
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
Balboa Peninsula DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$1,320,000
$3,800,000
187.9%
Average Price per Square Foot ...........................
$673
$1,610
139.2%
Properties Sold .......................................................
4
6
50.0%
Properties Pending Sale .......................................
8
4
-50.0%
Properties For Sale ................................................
59
41
-30.5%
Days on Market (Pending Sale) ...........................
120
19
-84.2%
Month’s Supply of Inventory ................................
14.8
6.8
-53.7%
Percent Under Contract ........................................
13.6%
9.8%
-28.0%
Average Median Price for Last 12 Months ........
$2,077,000
$2,381,885
14.7%
*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.
S A L E S
(in hundred thousands)
$3.800
P R I C E
yearly trend
Nov
M E D I A N
$1.320
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$2,381,885
PROPERTIES FOR SALE
41
DAYS ON MARKET**
104
shadow inventory
3
(3.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Corona del Mar - Spyglass DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$2,225,000
$2,287,500
2.8%
Average Price per Square Foot ...........................
$856
$952
11.2%
Properties Sold .......................................................
11
10
-9.1%
Properties Pending Sale .......................................
8
15
87.5%
Properties For Sale ................................................
77
65
-15.6%
Days on Market (Pending Sale) ...........................
74
101
36.5%
Month’s Supply of Inventory ................................
7
6.5
-7.1%
Percent Under Contract ........................................
10.4%
23.1%
122.1%
Average Median Price for Last 12 Months ........
$1,821,000
$2,170,038
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.
M E D I A N
S A L E S
(in hundred thousands)
$2.287
$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**
$2,170,038
PROPERTIES FOR SALE
65
DAYS ON MARKET**
82
shadow inventory
7
(7.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Coto de Caza DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$899,000
$1,192,500
32.6%
Average Price per Square Foot ...........................
$264
$304
15.2%
Properties Sold .......................................................
21
16
-23.8%
Properties Pending Sale .......................................
19
20
5.3%
Properties For Sale ................................................
102
121
18.6%
Days on Market (Pending Sale) ...........................
148
106
-28.4%
Month’s Supply of Inventory ................................
4.9
7.6
55.7%
Percent Under Contract ........................................
18.6%
16.5%
-11.3%
Average Median Price for Last 12 Months ........
$878,000
$1,033,573
17.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
(in hundred thousands)
$1.192
P R I C E
yearly trend
M E D I A N
S A L E S
$899
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**
$1,033,573
PROPERTIES FOR SALE
121
DAYS ON MARKET**
80
shadow inventory
24
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Crystal Cove DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$4,395,000
$5,474,000
24.6%
Average Price per Square Foot ...........................
$916
$1,033
12.8%
Properties Sold .......................................................
5
2
-60.0%
Properties Pending Sale .......................................
5
0
-100.0%
Properties For Sale ................................................
24
21
-12.5%
Days on Market (Pending Sale) ...........................
71
0
-100.0%
Month’s Supply of Inventory ................................
4.8
10.5
118.8%
Percent Under Contract ........................................
20.8%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$3,807,000
$4,871,462
28.0%
*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
$4.395
S A L E S
$5.474
(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**
$4,871,462
PROPERTIES FOR SALE
21
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
Dana Point DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$710,500
$827,500
16.5%
Average Price per Square Foot ...........................
$394
$440
11.7%
Properties Sold .......................................................
30
34
13.3%
Properties Pending Sale .......................................
32
31
-3.1%
Properties For Sale ................................................
182
176
-3.3%
Days on Market (Pending Sale) ...........................
135
57
-57.8%
Month’s Supply of Inventory ................................
6.1
5.2
-14.7%
Percent Under Contract ........................................
17.6%
17.6%
0.2%
Average Median Price for Last 12 Months ........
$681,000
$865,077
27.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$710
(in hundred thousands)
$827
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**
$865,077
PROPERTIES FOR SALE
176
DAYS ON MARKET**
84
shadow inventory
29
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
East Bluff - Harbor View DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$1,515,000
$1,860,500
22.8%
Average Price per Square Foot ...........................
$591
$602
1.9%
Properties Sold .......................................................
23
16
-30.4%
Properties Pending Sale .......................................
18
20
11.1%
Properties For Sale ................................................
93
77
-17.2%
Days on Market (Pending Sale) ...........................
58
61
5.2%
Month’s Supply of Inventory ................................
4
4.8
19.0%
Percent Under Contract ........................................
19.4%
26.0%
34.2%
Average Median Price for Last 12 Months ........
$1,373,000
$1,594,246
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.
(in hundred thousands)
$1.860
P R I C E
yearly trend
M E D I A N
S A L E S
$1.515
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**
$1,594,246
PROPERTIES FOR SALE
77
DAYS ON MARKET**
64
shadow inventory
21
(21.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
East Costa Mesa DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$751,750
$846,600
12.6%
Average Price per Square Foot ...........................
$342
$424
24.0%
Properties Sold .......................................................
16
13
-18.8%
Properties Pending Sale .......................................
10
10
0.0%
Properties For Sale ................................................
44
59
34.1%
Days on Market (Pending Sale) ...........................
96
51
-46.9%
Month’s Supply of Inventory ................................
2.8
4.5
65.0%
Percent Under Contract ........................................
22.7%
16.9%
-25.4%
Average Median Price for Last 12 Months ........
$662,000
$822,273
24.2%
*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.
$846
M E D I A N
S A L E S
(in hundred thousands)
$751
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**
$822,273
PROPERTIES FOR SALE
59
DAYS ON MARKET**
76
shadow inventory
26
(26.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Fountain Valley DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$605,000
$670,000
10.7%
Average Price per Square Foot ...........................
$287
$330
15.0%
Properties Sold .......................................................
35
20
-42.9%
Properties Pending Sale .......................................
23
17
-26.1%
Properties For Sale ................................................
63
75
19.0%
Days on Market (Pending Sale) ...........................
68
24
-64.7%
Month’s Supply of Inventory ................................
1.8
3.8
108.3%
Percent Under Contract ........................................
36.5%
22.7%
-37.9%
Average Median Price for Last 12 Months ........
$554,000
$627,812
13.3%
*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.
$670
M E D I A N
S A L E S
(in hundred thousands)
$605
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**
$627,812
PROPERTIES FOR SALE
75
DAYS ON MARKET**
41
shadow inventory
38
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Huntington Beach DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$645,000
$710,000
10.1%
Average Price per Square Foot ...........................
$352
$398
13.1%
Properties Sold .......................................................
99
91
-8.1%
Properties Pending Sale .......................................
79
97
22.8%
Properties For Sale ................................................
320
367
14.7%
Days on Market (Pending Sale) ...........................
93
61
-34.4%
Month’s Supply of Inventory ................................
3.2
4
24.8%
Percent Under Contract ........................................
24.7%
26.4%
7.1%
Average Median Price for Last 12 Months ........
$603,000
$690,564
14.5%
*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.
$710
M E D I A N
S A L E S
(in hundred thousands)
$645
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**
$690,564
PROPERTIES FOR SALE
367
DAYS ON MARKET**
57
shadow inventory
103
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Irvine DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$747,500
$825,000
10.4%
Average Price per Square Foot ...........................
$390
$453
16.2%
Properties Sold .......................................................
86
79
-8.1%
Properties Pending Sale .......................................
78
71
-9.0%
Properties For Sale ................................................
295
321
8.8%
Days on Market (Pending Sale) ...........................
79
55
-30.4%
Month’s Supply of Inventory ................................
3.4
4.1
18.5%
Percent Under Contract ........................................
26.4%
22.1%
-16.3%
Average Median Price for Last 12 Months ........
$723,000
$865,483
19.7%
*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.
$825
M E D I A N
S A L E S
(in hundred thousands)
$747
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**
$865,483
PROPERTIES FOR SALE
321
DAYS ON MARKET**
55
shadow inventory
74
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Ladera Ranch DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$793,000
$952,500
20.1%
Average Price per Square Foot ...........................
$257
$310
20.6%
Properties Sold .......................................................
35
26
-25.7%
Properties Pending Sale .......................................
23
24
4.3%
Properties For Sale ................................................
86
115
33.7%
Days on Market (Pending Sale) ...........................
77
67
-13.0%
Month’s Supply of Inventory ................................
2.5
4.4
80.0%
Percent Under Contract ........................................
26.7%
20.9%
-22.0%
Average Median Price for Last 12 Months ........
$669,000
$799,571
19.5%
*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.
$952
M E D I A N
S A L E S
(in hundred thousands)
$793
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**
$799,571
PROPERTIES FOR SALE
115
DAYS ON MARKET**
74
shadow inventory
22
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Laguna Beach DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$1,250,000
$2,015,000
61.2%
Average Price per Square Foot ...........................
$764
$939
22.9%
Properties Sold .......................................................
31
27
-12.9%
Properties Pending Sale .......................................
31
29
-6.5%
Properties For Sale ................................................
223
234
4.9%
Days on Market (Pending Sale) ...........................
121
178
47.1%
Month’s Supply of Inventory ................................
7.2
8.7
20.5%
Percent Under Contract ........................................
13.9%
12.4%
-10.8%
Average Median Price for Last 12 Months ........
$1,289,000
$1,597,381
23.9%
*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)
$2.015
P R I C E
yearly trend
M E D I A N
$1.250
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**
$1,597,381
PROPERTIES FOR SALE
234
DAYS ON MARKET**
103
shadow inventory
19
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Laguna Niguel DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$650,000
$740,000
13.8%
Average Price per Square Foot ...........................
$337
$382
13.4%
Properties Sold .......................................................
65
31
-52.3%
Properties Pending Sale .......................................
58
44
-24.1%
Properties For Sale ................................................
193
198
2.6%
Days on Market (Pending Sale) ...........................
100
69
-31.0%
Month’s Supply of Inventory ................................
3
6.4
115.1%
Percent Under Contract ........................................
30.1%
22.2%
-26.1%
Average Median Price for Last 12 Months ........
$635,000
$745,815
17.5%
*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.
$740
M E D I A N
S A L E S
(in hundred thousands)
$650
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**
$745,815
PROPERTIES FOR SALE
198
DAYS ON MARKET**
62
shadow inventory
63
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Laguna Hills DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$709,500
$730,000
2.9%
Average Price per Square Foot ...........................
$285
$331
16.1%
Properties Sold .......................................................
22
25
13.6%
Properties Pending Sale .......................................
17
19
11.8%
Properties For Sale ................................................
69
73
5.8%
Days on Market (Pending Sale) ...........................
58
43
-25.9%
Month’s Supply of Inventory ................................
3.1
2.9
-6.9%
Percent Under Contract ........................................
24.6%
26.0%
5.6%
Average Median Price for Last 12 Months ........
$584,000
$688,688
17.9%
*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.
$730
M E D I A N
S A L E S
(in hundred thousands)
$709
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**
$688,688
PROPERTIES FOR SALE
73
DAYS ON MARKET**
54
shadow inventory
28
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Laguna Woods DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$0
$687,000
%
Average Price per Square Foot ...........................
$0
$382
%
Properties Sold .......................................................
0
1
%
Properties Pending Sale .......................................
0
0
%
Properties For Sale ................................................
0
3
%
Days on Market (Pending Sale) ...........................
0
0
%
3
%
Month’s Supply of Inventory ................................ Percent Under Contract ........................................
%
0.0%
%
Average Median Price for Last 12 Months ........
$619,000
$619,167
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.
M E D I A N
S A L E S
(in hundred thousands)
$687
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**
$619,167
PROPERTIES FOR SALE
3
DAYS ON MARKET**
33
shadow inventory
1
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Lower Newport Bay - Balboa Island DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$3,700,000
$2,150,000
-41.9%
Average Price per Square Foot ...........................
$827
$955
15.5%
Properties Sold .......................................................
3
5
66.7%
Properties Pending Sale .......................................
5
4
-20.0%
Properties For Sale ................................................
43
38
-11.6%
Days on Market (Pending Sale) ...........................
110
36
-67.3%
Month’s Supply of Inventory ................................
14.3
7.6
-47.0%
Percent Under Contract ........................................
11.6%
10.5%
-9.5%
Average Median Price for Last 12 Months ........
$2,153,000
$2,688,808
24.9%
*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.
M E D I A N
$2.150
S A L E S
$3.700
(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**
$2,688,808
PROPERTIES FOR SALE
38
DAYS ON MARKET**
86
shadow inventory
15
(15.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Mission Viejo DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$525,000
$670,000
27.6%
Average Price per Square Foot ...........................
$270
$292
8.1%
Properties Sold .......................................................
67
67
0.0%
Properties Pending Sale .......................................
77
75
-2.6%
Properties For Sale ................................................
229
266
16.2%
Days on Market (Pending Sale) ...........................
79
50
-36.7%
Month’s Supply of Inventory ................................
3.4
4
16.2%
Percent Under Contract ........................................
33.6%
28.2%
-16.1%
Average Median Price for Last 12 Months ........
$494,000
$592,215
19.9%
*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.
$670
M E D I A N
S A L E S
(in hundred thousands)
$525
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**
$592,215
PROPERTIES FOR SALE
266
DAYS ON MARKET**
47
shadow inventory
91
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Newport Beach DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$1,520,000
$1,995,000
31.2%
Average Price per Square Foot ...........................
$589
$817
38.7%
Properties Sold .......................................................
63
49
-22.2%
Properties Pending Sale .......................................
48
49
2.1%
Properties For Sale ................................................
306
281
-8.2%
Days on Market (Pending Sale) ...........................
81
61
-24.7%
Month’s Supply of Inventory ................................
4.9
5.7
18.1%
Percent Under Contract ........................................
15.7%
17.4%
11.2%
Average Median Price for Last 12 Months ........
$1,362,000
$1,676,865
23.1%
*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.
$1.995
M E D I A N
S A L E S
(in hundred thousands)
$1.520
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**
$1,676,865
PROPERTIES FOR SALE
281
DAYS ON MARKET**
81
shadow inventory
41
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Newport Coast DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$2,250,000
$2,875,000
27.8%
Average Price per Square Foot ...........................
$705
$793
12.5%
Properties Sold .......................................................
21
9
-57.1%
Properties Pending Sale .......................................
13
10
-23.1%
Properties For Sale ................................................
97
82
-15.5%
Days on Market (Pending Sale) ...........................
70
85
21.4%
Month’s Supply of Inventory ................................
4.6
9.1
97.3%
Percent Under Contract ........................................
13.4%
12.2%
-9.0%
Average Median Price for Last 12 Months ........
$1,987,000
$2,817,462
41.8%
*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)
$2.875
P R I C E
yearly trend
M E D I A N
$2.250
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**
$2,817,462
PROPERTIES FOR SALE
82
DAYS ON MARKET**
79
shadow inventory
8
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Newport Heights DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$1,240,000
$1,315,000
6.0%
Average Price per Square Foot ...........................
$533
$657
23.3%
Properties Sold .......................................................
11
5
-54.5%
Properties Pending Sale .......................................
5
3
-40.0%
Properties For Sale ................................................
25
28
12.0%
Days on Market (Pending Sale) ...........................
60
72
20.0%
Month’s Supply of Inventory ................................
2.3
5.6
146.4%
Percent Under Contract ........................................
20.0%
10.7%
-46.4%
Average Median Price for Last 12 Months ........
$1,195,000
$1,462,708
22.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.315
$1.240
(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**
$1,462,708
PROPERTIES FOR SALE
28
DAYS ON MARKET**
64
shadow inventory
15
(15.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Rancho Santa Margarita DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$478,000
$622,500
30.2%
Average Price per Square Foot ...........................
$249
$316
26.9%
Properties Sold .......................................................
42
30
-28.6%
Properties Pending Sale .......................................
44
34
-22.7%
Properties For Sale ................................................
105
110
4.8%
Days on Market (Pending Sale) ...........................
102
72
-29.4%
Month’s Supply of Inventory ................................
2.5
3.7
46.7%
Percent Under Contract ........................................
41.9%
30.9%
-26.2%
Average Median Price for Last 12 Months ........
$515,000
$602,594
17.0%
*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)
$622
P R I C E
yearly trend
M E D I A N
S A L E S
$478
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**
$602,594
PROPERTIES FOR SALE
110
DAYS ON MARKET**
52
shadow inventory
46
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
San Clemente DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$767,450
$820,000
6.8%
Average Price per Square Foot ...........................
$339
$355
4.7%
Properties Sold .......................................................
66
47
-28.8%
Properties Pending Sale .......................................
59
51
-13.6%
Properties For Sale ................................................
254
260
2.4%
Days on Market (Pending Sale) ...........................
84
60
-28.6%
Month’s Supply of Inventory ................................
3.8
5.5
43.7%
Percent Under Contract ........................................
23.2%
19.6%
-15.6%
Average Median Price for Last 12 Months ........
$679,000
$789,996
16.3%
*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.
$820
M E D I A N
S A L E S
(in hundred thousands)
$767
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**
$789,996
PROPERTIES FOR SALE
260
DAYS ON MARKET**
66
shadow inventory
72
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
San Juan Capistrano DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$627,000
$750,000
19.6%
Average Price per Square Foot ...........................
$289
$307
6.2%
Properties Sold .......................................................
31
17
-45.2%
Properties Pending Sale .......................................
30
20
-33.3%
Properties For Sale ................................................
126
137
8.7%
Days on Market (Pending Sale) ...........................
69
62
-10.1%
Month’s Supply of Inventory ................................
4.1
8.1
98.3%
Percent Under Contract ........................................
23.8%
14.6%
-38.7%
Average Median Price for Last 12 Months ........
$591,000
$739,400
25.1%
*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
$627
(in hundred thousands)
$750
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**
$739,400
PROPERTIES FOR SALE
137
DAYS ON MARKET**
70
shadow inventory
24
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Shady Canyon DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$6,665,000
$0
-100.0%
Average Price per Square Foot ...........................
$789
$0
-100.0%
Properties Sold .......................................................
2
0
-100.0%
Properties Pending Sale .......................................
0
0
%
Properties For Sale ................................................
24
9
-62.5%
Days on Market (Pending Sale) ...........................
0
0
%
Month’s Supply of Inventory ................................
12
Percent Under Contract ........................................
0.0%
0.0%
%
Average Median Price for Last 12 Months ........
$4,242,000
$5,748,000
35.5%
%
*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.
P R I C E
yearly trend
M E D I A N
S A L E S
(in hundred thousands)
$6.665
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**
$5,748,000
PROPERTIES FOR SALE
9
DAYS ON MARKET**
158
shadow inventory
0
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Turtle Ridge DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$1,705,000
$2,802,500
64.4%
Average Price per Square Foot ...........................
$610
$693
13.6%
Properties Sold .......................................................
2
4
100.0%
Properties Pending Sale .......................................
5
6
20.0%
Properties For Sale ................................................
21
28
33.3%
Days on Market (Pending Sale) ...........................
117
70
-40.2%
Month’s Supply of Inventory ................................
10.5
7
-33.3%
Percent Under Contract ........................................
23.8%
21.4%
-10.0%
Average Median Price for Last 12 Months ........
$1,938,000
$2,234,500
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.
S A L E S
(in hundred thousands)
$2.802
P R I C E
yearly trend
M E D I A N
$1.705
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**
$2,234,500
PROPERTIES FOR SALE
28
DAYS ON MARKET**
70
shadow inventory
14
(14.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Turtle Rock DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$1,000,000
$0
-100.0%
Average Price per Square Foot ...........................
$429
$0
-100.0%
Properties Sold .......................................................
3
0
-100.0%
Properties Pending Sale .......................................
7
1
-85.7%
Properties For Sale ................................................
17
7
-58.8%
Days on Market (Pending Sale) ...........................
78
63
-19.2%
Month’s Supply of Inventory ................................
5.7
Percent Under Contract ........................................
41.2%
14.3%
-65.3%
Average Median Price for Last 12 Months ........
$1,043,000
$1,165,395
11.7%
%
*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.
S A L E S
(in hundred thousands)
P R I C E
yearly trend
M E D I A N
$1.000
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**
$1,165,395
PROPERTIES FOR SALE
7
DAYS ON MARKET**
64
shadow inventory
0
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Westminster DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$389,500
$520,000
33.5%
Average Price per Square Foot ...........................
$262
$320
22.1%
Properties Sold .......................................................
46
31
-32.6%
Properties Pending Sale .......................................
31
32
3.2%
Properties For Sale ................................................
100
104
4.0%
Days on Market (Pending Sale) ...........................
64
42
-34.4%
Month’s Supply of Inventory ................................
2.2
3.4
54.3%
Percent Under Contract ........................................
31.0%
30.8%
-0.7%
Average Median Price for Last 12 Months ........
$390,000
$474,321
21.6%
*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)
$520
P R I C E
yearly trend
M E D I A N
S A L E S
$389
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**
$474,321
PROPERTIES FOR SALE
104
DAYS ON MARKET**
37
shadow inventory
52
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
West Bay - Santa Ana Heights DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$1,655,000
$1,617,500
-2.3%
Average Price per Square Foot ...........................
$464
$626
34.9%
Properties Sold .......................................................
12
10
-16.7%
Properties Pending Sale .......................................
8
10
25.0%
Properties For Sale ................................................
45
45
0.0%
Days on Market (Pending Sale) ...........................
76
60
-21.1%
Month’s Supply of Inventory ................................
3.8
4.5
20.0%
Percent Under Contract ........................................
17.8%
22.2%
25.0%
Average Median Price for Last 12 Months ........
$1,191,000
$1,380,577
15.9%
*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.
$1.655
M E D I A N
S A L E S
(in hundred thousands)
$1.617
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**
$1,380,577
PROPERTIES FOR SALE
45
DAYS ON MARKET**
74
shadow inventory
21
(21.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
West Newport - Lido DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$1,700,000
$1,600,000
-5.9%
Average Price per Square Foot ...........................
$796
$1,129
41.8%
Properties Sold .......................................................
10
7
-30.0%
Properties Pending Sale .......................................
4
8
100.0%
Properties For Sale ................................................
41
52
26.8%
Days on Market (Pending Sale) ...........................
105
93
-11.4%
Month’s Supply of Inventory ................................
4.1
7.4
81.2%
Percent Under Contract ........................................
9.8%
15.4%
57.7%
Average Median Price for Last 12 Months ........
$1,598,000
$1,807,654
13.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.600
S A L E S
$1.700
(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**
$1,807,654
PROPERTIES FOR SALE
52
DAYS ON MARKET**
117
shadow inventory
15
(15.0)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Navigating Solutions. At Riviera Financial, the business of real estate finance is about much more than loans. It is about offering diverse and competitive products; advising borrowers to make informed choices to support and protect their security; providing extraordinarily thorough customer care; and navigating solutions. Our customers expect and deserve the highest level of service and performance in all of their borrowing activities. When it comes to dedicated, comprehensive real estate finance, Riviera Financial delivers.
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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.