Teles intelligence
micro market report orange county OCTOBER 2012 | SINGLE FAMILY HOMES REPORT
EfďŹ cient Financial security, expert staffing, advanced technology and personalized service. Portfolio Escrow, Inc. is driven to be a leading force in the escrow industry.
> >
424.203.1841 p o r t f o l i o e s c r o w. c o m
Š 2011 Portfolio Escrow, Inc. All Rights Reserved
Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on Market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
Median Price:
Days of market (Pending Sale):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
Month’s Supply of Inventory:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
Average Price per Square Foot:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
Percent Under Contract:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
Properties Sold:
The number of property transactions
Average Median Price for Last 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
Properties Pending Sale:
ending in the identified month
The number of properties that entered escrow in preparation for sale.
Shadow Inventory:
Properties in Pre-Foreclosure, Bank Properties For Sale:
Owned or Auction as identified by
The number of properties on the
ForeclosureRadar.com
market and seeking buyers.
orange county
san fern
south b
Orange Country Macro Market
East Bluff - Harbor View
Irvine
Balboa Peninsula
East Costa Mesa
Laguna Beach (all areas)
Corona del Mar - Spyglass
Fountain Valley
Lower Newport Bay - Balb
Crystal Cove
Huntington Beach
Newport Beach (all areas)
Micro Market Report : October 2012
telesintelligence.com
nando
san gabriel
bay
los angeles Newport Coast
West Newport - Lido
Newport Heights
Westminster
boa Island
Turtle Ridge
)
West Bay - Santa Ana Heights
October 2012 : Micro Market Report
Orange County Macro Market DATA*
OCT 2011
OCT 2012
% CHANGE
Median Price ..........................................................
$1,264,012
$1,403,083
11.0%
Average Price per Square Foot ...........................
$508
$625
22.8%
Properties Sold .......................................................
332
479
44.3%
Properties Pending Sale .......................................
322
525
63.0%
Properties For Sale ................................................
3184
1913
-39.9%
Days on Market (Pending Sale) ...........................
115
77
-33.6%
Month’s Supply of Inventory ................................
9.6
4.0
-58.4%
Percent Under Contract ........................................
10.1%
27.4%
171.4%
Average Median Price for Last 12 Months ........
$1,469,588
$1,441,832
-1.9%
*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
S A L E S
(in hundred thousands)
$1.403
$1.264
P R I C E
yearly trend
OCT
NOV
DEC
JAN
Micro Market Report : October 2012
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
telesintelligence.com
Balboa Peninsula DATA*
OCT 2011
OCT 2012
% CHANGE
Median Price ..........................................................
$0
$1,775,000
N/A
Average Price per Square Foot ...........................
$0
$944
N/A
Properties Sold .......................................................
0
9
N/A
Properties Pending Sale .......................................
1
6
500.0%
Properties For Sale ................................................
64
58
-9.4%
Days on Market (Pending Sale) ...........................
143
159
11.2%
Month’s Supply of Inventory ................................
N/A
6.4
N/A
Percent Under Contract ........................................
1.6%
10.3%
562.1%
Average Median Price for Last 12 Months ........
$2,156,000
$2,165,490
0.4%
*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.
$0 OCT
S A L E S M E D I A N
$1.775
(in hundred thousands)
P R I C E
yearly trend
NOV
DEC
JAN
Micro Market Report : October 2012
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
telesintelligence.com
the numbers median sales price**
$2,165,490 PROPERTIES FOR SALE
58 DAYS ON MARKET**
150 shadow inventory
11
(92663, 92661 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
October 2012 : Micro Market Report
Corona del Mar - Spyglass DATA*
OCT 2011
OCT 2012
% CHANGE
Median Price ..........................................................
$1,580,000
$1,535,000
-2.8%
Average Price per Square Foot ...........................
$664
$802
20.8%
Properties Sold .......................................................
9
13
44.4%
Properties Pending Sale .......................................
11
9
-18.2%
Properties For Sale ................................................
132
73
-44.7%
Days on Market (Pending Sale) ...........................
175
94
-46.3%
Month’s Supply of Inventory ................................
14.7
5.6
-61.7%
Percent Under Contract ........................................
8.3%
12.3%
47.9%
Average Median Price for Last 12 Months ........
$1,810,000
$1,769,592
-2.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.535
S A L E S
$1.580
(in hundred thousands)
P R I C E
yearly trend
OCT
NOV
DEC
JAN
Micro Market Report : October 2012
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
telesintelligence.com
the numbers median sales price**
$1,769,592 PROPERTIES FOR SALE
73 DAYS ON MARKET**
112 shadow inventory
19
(92625 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
October 2012 : Micro Market Report
Crystal Cove DATA*
OCT 2011
OCT 2012
% CHANGE
Median Price ..........................................................
$3,587,500
$3,225,000
-10.1%
Average Price per Square Foot ...........................
$891
$834
-6.4%
Properties Sold .......................................................
2
5
150.0%
Properties Pending Sale .......................................
2
3
50.0%
Properties For Sale ................................................
28
22
-21.4%
Days on Market (Pending Sale) ...........................
194
28
-85.6%
Month’s Supply of Inventory ................................
14.0
4.4
-68.6%
Percent Under Contract ........................................
7.1%
13.6%
90.9%
Average Median Price for Last 12 Months ........
$4,101,000
$3,745,327
-8.7%
*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
$3.225
S A L E S
$3.588
(in hundred thousands)
P R I C E
yearly trend
OCT
NOV
DEC
JAN
Micro Market Report : October 2012
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
telesintelligence.com
the numbers median sales price**
$3,745,327 PROPERTIES FOR SALE
22 DAYS ON MARKET**
119 shadow inventory
33
(92657 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
October 2012 : Micro Market Report
East Bluff - Harbor View DATA*
OCT 2011
OCT 2012
% CHANGE
Median Price ..........................................................
$1,385,000
$1,259,000
-9.1%
Average Price per Square Foot ...........................
$462
$517
11.9%
Properties Sold .......................................................
13
17
30.8%
Properties Pending Sale .......................................
10
21
110.0%
Properties For Sale ................................................
143
79
-44.8%
Days on Market (Pending Sale) ...........................
117
68
-41.9%
Month’s Supply of Inventory ................................
11.0
4.6
-57.8%
Percent Under Contract ........................................
7.0%
26.6%
280.1%
Average Median Price for Last 12 Months ........
$1,386,000
$1,360,688
-1.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.259
S A L E S
$1.385
(in hundred thousands)
P R I C E
yearly trend
OCT
NOV
DEC
JAN
Micro Market Report : October 2012
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
telesintelligence.com
the numbers median sales price**
$1,360,688 PROPERTIES FOR SALE
79 DAYS ON MARKET**
93 shadow inventory
70
(92660 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
October 2012 : Micro Market Report
East Costa Mesa DATA*
OCT 2011
OCT 2012
% CHANGE
Median Price ..........................................................
$659,000
$750,000
13.8%
Average Price per Square Foot ...........................
$396
$412
4.0%
Properties Sold .......................................................
11
12
9.1%
Properties Pending Sale .......................................
8
9
12.5%
Properties For Sale ................................................
75
46
-38.7%
Days on Market (Pending Sale) ...........................
73
65
-11.0%
Month’s Supply of Inventory ................................
6.8
3.8
-43.8%
Percent Under Contract ........................................
10.7%
19.6%
83.4%
Average Median Price for Last 12 Months ........
$655,000
$654,204
-0.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$750
M E D I A N
S A L E S
(in hundred thousands)
$659
P R I C E
yearly trend
OCT
NOV
DEC
JAN
Micro Market Report : October 2012
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
telesintelligence.com
the numbers median sales price**
$654,204 PROPERTIES FOR SALE
46 DAYS ON MARKET**
83 shadow inventory
83
(92627 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
October 2012 : Micro Market Report
Fountain Valley DATA*
OCT 2011
OCT 2012
% CHANGE
Median Price ..........................................................
$535,000
$582,500
8.9%
Average Price per Square Foot ...........................
$283
$300
6.0%
Properties Sold .......................................................
25
24
-4.0%
Properties Pending Sale .......................................
18
37
105.6%
Properties For Sale ................................................
157
77
-51.0%
Days on Market (Pending Sale) ...........................
85
42
-50.6%
Month’s Supply of Inventory ................................
6.3
3.2
-48.9%
Percent Under Contract ........................................
11.5%
48.1%
319.1%
Average Median Price for Last 12 Months ........
$559,000
$549,308
-1.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$583
M E D I A N
S A L E S
(in hundred thousands)
$535
P R I C E
yearly trend
OCT
NOV
DEC
JAN
Micro Market Report : October 2012
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
telesintelligence.com
the numbers median sales price**
$549,308 PROPERTIES FOR SALE
77 DAYS ON MARKET**
66 shadow inventory
131 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
October 2012 : Micro Market Report
Huntington Beach DATA*
OCT 2011
OCT 2012
% CHANGE
Median Price ..........................................................
$600,000
$625,000
4.2%
Average Price per Square Foot ...........................
$358
$347
-3.1%
Properties Sold .......................................................
82
119
45.1%
Properties Pending Sale .......................................
72
129
79.2%
Properties For Sale ................................................
568
340
-40.1%
Days on Market (Pending Sale) ...........................
113
58
-48.7%
Month’s Supply of Inventory ................................
6.9
2.9
-58.8%
Percent Under Contract ........................................
12.7%
37.9%
199.3%
Average Median Price for Last 12 Months ........
$609,000
$605,067
-0.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$625
M E D I A N
S A L E S
(in hundred thousands)
$600
P R I C E
yearly trend
OCT
NOV
DEC
JAN
Micro Market Report : October 2012
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
telesintelligence.com
the numbers median sales price**
$605,067 PROPERTIES FOR SALE
340 DAYS ON MARKET**
86 shadow inventory
321 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
October 2012 : Micro Market Report
Irvine DATA*
OCT 2011
OCT 2012
% CHANGE
Median Price ..........................................................
$670,250
$845,000
26.1%
Average Price per Square Foot ...........................
$362
$381
5.2%
Properties Sold .......................................................
58
86
48.3%
Properties Pending Sale .......................................
61
105
72.1%
Properties For Sale ................................................
500
307
-38.6%
Days on Market (Pending Sale) ...........................
96
57
-40.6%
Month’s Supply of Inventory ................................
8.6
3.6
-58.6%
Percent Under Contract ........................................
12.2%
34.2%
180.3%
Average Median Price for Last 12 Months ........
$718,000
$726,184
1.1%
*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.
$845
M E D I A N
S A L E S
(in hundred thousands)
$670
P R I C E
yearly trend
OCT
NOV
DEC
JAN
Micro Market Report : October 2012
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
telesintelligence.com
the numbers median sales price**
$726,184 PROPERTIES FOR SALE
307 DAYS ON MARKET**
84 shadow inventory
226 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
October 2012 : Micro Market Report
Laguna Beach DATA*
OCT 2011
OCT 2012
% CHANGE
Median Price ..........................................................
$1,600,000
$1,150,000
-28.1%
Average Price per Square Foot ...........................
$762
$659
-13.5%
Properties Sold .......................................................
26
35
34.6%
Properties Pending Sale .......................................
28
37
32.1%
Properties For Sale ................................................
346
215
-37.9%
Days on Market (Pending Sale) ...........................
159
154
-3.1%
Month’s Supply of Inventory ................................
13.3
6.1
-53.8%
Percent Under Contract ........................................
8.1%
17.2%
112.7%
Average Median Price for Last 12 Months ........
$1,207,000
$1,329,046
10.1%
*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
$1.150
S A L E S
$1.600
(in hundred thousands)
P R I C E
yearly trend
OCT
NOV
DEC
JAN
Micro Market Report : October 2012
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
telesintelligence.com
the numbers median sales price**
$1,329,046 PROPERTIES FOR SALE
215 DAYS ON MARKET**
140 shadow inventory
69 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
October 2012 : Micro Market Report
Lower Newport Bay - Balboa Island DATA*
OCT 2011
OCT 2012
% CHANGE
Median Price ..........................................................
$1,590,000
$1,690,000
6.3%
Average Price per Square Foot ...........................
$870
$1,181
35.7%
Properties Sold .......................................................
5
7
40.0%
Properties Pending Sale .......................................
5
5
0.0%
Properties For Sale ................................................
65
41
-36.9%
Days on Market (Pending Sale) ...........................
125
65
-48.0%
Month’s Supply of Inventory ................................
13.0
5.9
-54.9%
Percent Under Contract ........................................
7.7%
12.2%
58.5%
Average Median Price for Last 12 Months ........
$2,190,000
$1,988,115
-9.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.690
$1.590
(in hundred thousands)
P R I C E
yearly trend
OCT
NOV
DEC
JAN
Micro Market Report : October 2012
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
telesintelligence.com
the numbers median sales price**
$1,988,115 PROPERTIES FOR SALE
41 DAYS ON MARKET**
117 shadow inventory
37
(92660, 92662, 92663 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
October 2012 : Micro Market Report
Newport Beach DATA*
OCT 2011
OCT 2012
% CHANGE
Median Price ..........................................................
$1,305,000
$1,550,000
18.8%
Average Price per Square Foot ...........................
$537
$780
45.3%
Properties Sold .......................................................
34
61
79.4%
Properties Pending Sale .......................................
39
65
66.7%
Properties For Sale ................................................
486
303
-37.7%
Days on Market (Pending Sale) ...........................
120
99
-17.5%
Month’s Supply of Inventory ................................
14.3
5.0
-65.2%
Percent Under Contract ........................................
8.0%
21.5%
167.3%
Average Median Price for Last 12 Months ........
$1,384,000
$1,358,231
-1.9%
*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.
$1.550
M E D I A N
S A L E S
(in hundred thousands)
$1.305
P R I C E
yearly trend
OCT
NOV
DEC
JAN
Micro Market Report : October 2012
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
telesintelligence.com
the numbers median sales price**
$1,358,231 PROPERTIES FOR SALE
303 DAYS ON MARKET**
116 shadow inventory
119 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
October 2012 : Micro Market Report
Newport Coast DATA*
OCT 2011
OCT 2012
% CHANGE
Median Price ..........................................................
$2,675,000
$3,175,000
18.7%
Average Price per Square Foot ...........................
$646
$748
15.8%
Properties Sold .......................................................
12
17
41.7%
Properties Pending Sale .......................................
8
18
125.0%
Properties For Sale ................................................
145
96
-33.8%
Days on Market (Pending Sale) ...........................
120
66
-45.0%
Month’s Supply of Inventory ................................
12.1
5.6
-53.3%
Percent Under Contract ........................................
5.5%
18.8%
239.8%
Average Median Price for Last 12 Months ........
$2,142,000
$2,024,250
-5.5%
*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.
$3.175
M E D I A N
S A L E S
(in hundred thousands)
$2.675
P R I C E
yearly trend
OCT
NOV
DEC
JAN
Micro Market Report : October 2012
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
telesintelligence.com
the numbers median sales price**
$2,024,250 PROPERTIES FOR SALE
96 DAYS ON MARKET**
97 shadow inventory
26 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
October 2012 : Micro Market Report
Newport Heights DATA*
OCT 2011
OCT 2012
% CHANGE
Median Price ..........................................................
$830,000
$1,285,000
54.8%
Average Price per Square Foot ...........................
$602
$664
10.3%
Properties Sold .......................................................
3
6
100.0%
Properties Pending Sale .......................................
4
6
50.0%
Properties For Sale ................................................
43
27
-37.2%
Days on Market (Pending Sale) ...........................
147
36
-75.5%
Month’s Supply of Inventory ................................
14.3
4.5
-68.6%
Percent Under Contract ........................................
9.3%
22.2%
138.9%
Average Median Price for Last 12 Months ........
$1,252,000
$1,174,885
-6.2%
*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 M E D I A N
$830
(in hundred thousands)
$1.285
P R I C E
yearly trend
OCT
NOV
DEC
JAN
Micro Market Report : October 2012
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
telesintelligence.com
the numbers median sales price**
$1,174,885 PROPERTIES FOR SALE
27 DAYS ON MARKET**
102 shadow inventory
35
(92663 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
October 2012 : Micro Market Report
Turtle Ridge DATA*
OCT 2011
OCT 2012
% CHANGE
Median Price ..........................................................
$1,770,000
$1,709,000
-3.4%
Average Price per Square Foot ...........................
$501
$551
10.0%
Properties Sold .......................................................
7
6
-14.3%
Properties Pending Sale .......................................
2
1
-50.0%
Properties For Sale ................................................
32
21
-34.4%
Days on Market (Pending Sale) ...........................
116
88
-24.1%
Month’s Supply of Inventory ................................
4.6
3.5
-23.4%
Percent Under Contract ........................................
6.3%
4.8%
-23.8%
Average Median Price for Last 12 Months ........
$1,840,000
$1,934,808
5.2%
*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
$1.709
S A L E S
$1.770
(in hundred thousands)
P R I C E
yearly trend
OCT
NOV
DEC
JAN
Micro Market Report : October 2012
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
telesintelligence.com
the numbers median sales price**
$1,934,808 PROPERTIES FOR SALE
21 DAYS ON MARKET**
124 shadow inventory
31
(92603 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
October 2012 : Micro Market Report
West Bay - Santa Ana Heights DATA*
OCT 2011
OCT 2012
% CHANGE
Median Price ..........................................................
$924,950
$1,035,000
11.9%
Average Price per Square Foot ...........................
$418
$477
14.1%
Properties Sold .......................................................
6
13
116.7%
Properties Pending Sale .......................................
8
12
50.0%
Properties For Sale ................................................
72
49
-31.9%
Days on Market (Pending Sale) ...........................
92
83
-9.8%
Month’s Supply of Inventory ................................
12.0
3.8
-68.6%
Percent Under Contract ........................................
11.1%
24.5%
120.4%
Average Median Price for Last 12 Months ........
$1,088,000
$1,151,749
5.9%
*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
S A L E S
(in hundred thousands)
$1.035
$925
P R I C E
yearly trend
OCT
NOV
DEC
JAN
Micro Market Report : October 2012
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
telesintelligence.com
the numbers median sales price**
$1,151,749 PROPERTIES FOR SALE
49 DAYS ON MARKET**
103 shadow inventory
70
(92660 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
October 2012 : Micro Market Report
West Newport - Lido DATA*
OCT 2011
OCT 2012
% CHANGE
Median Price ..........................................................
$1,379,000
$2,650,000
92.2%
Average Price per Square Foot ...........................
$646
$1,385
114.4%
Properties Sold .......................................................
7
9
28.6%
Properties Pending Sale .......................................
11
15
36.4%
Properties For Sale ................................................
98
49
-50.0%
Days on Market (Pending Sale) ...........................
130
166
27.7%
Month’s Supply of Inventory ................................
14.0
5.4
-61.1%
Percent Under Contract ........................................
11.2%
30.6%
172.7%
Average Median Price for Last 12 Months ........
$1,475,000
$1,579,095
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$2.650
P R I C E
yearly trend
OCT
M E D I A N
$1.379
NOV
DEC
JAN
Micro Market Report : October 2012
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
telesintelligence.com
the numbers median sales price**
$1,597,095 PROPERTIES FOR SALE
49 DAYS ON MARKET**
146 shadow inventory
35
(92663 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
October 2012 : Micro Market Report
Westminster DATA*
OCT 2011
OCT 2012
% CHANGE
Median Price ..........................................................
$397,500
$415,000
4.4%
Average Price per Square Foot ...........................
$245
$259
5.7%
Properties Sold .......................................................
32
40
25.0%
Properties Pending Sale .......................................
34
47
38.2%
Properties For Sale ................................................
230
110
-52.2%
Days on Market (Pending Sale) ...........................
72
52
-27.8%
Month’s Supply of Inventory ................................
7.2
2.8
-61.7%
Percent Under Contract ........................................
14.8%
42.7%
189.0%
Average Median Price for Last 12 Months ........
$411,000
$395,112
-3.9%
*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.
$415
M E D I A N
S A L E S
(in hundred thousands)
$398
P R I C E
yearly trend
OCT
NOV
DEC
JAN
Micro Market Report : October 2012
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
telesintelligence.com
the numbers median sales price**
$395,112 PROPERTIES FOR SALE
110 DAYS ON MARKET**
71 shadow inventory
151 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
October 2012 : Micro Market Report
Navigating Solutions. At Riviera Financial, the business of real estate finance is about much more than loans. It is about offering diverse and competitive products; advising borrowers to make informed choices to support and protect their security; providing extraordinarily thorough customer care; and navigating solutions. Our customers expect and deserve the highest level of service and performance in all of their borrowing activities. When it comes to dedicated, comprehensive real estate finance, Riviera Financial delivers.
Get the full lending experience at rivierafinancial.com or contact a loan professional by calling 424.203.1850
r i v i e r a f i n a n c i a l . c o m 4 Locations to Serve You | Beverly Hills, Brentwood, Newport Beach & Pasadena Riviera Financial dba Mortgage Capital Partners, Inc. NMLS#239902 California Real Estate #00931610
References
CONTACTS:
Zachariah Kahn Research & Data Designer, Teles Intelligence zach@telesintelligence.com Sharran Srivatsaa Chief Executive Officer, Teles Intelligence sharran.srivatsaa@telesproperties.com
location:
Teles Intelligence 11990 San Vicente Blvd, Suite 100 Los Angeles, Ca 90049
Phone:
424.203.1800 email:
info@telesintelligence.com
Teles intelligence OCTOBER 2012 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2012 Teles Properties, Inc. Teles Properties is a registered trademark.