Teles intelligence
micro market report los angeles October 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.
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 : October 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
October 2013 : Micro Market Report
Los Angeles County DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$657,000
$839,500
27.8%
Average Price per Square Foot ...........................
$484
$590
21.9%
Properties Sold .......................................................
776
804
3.6%
Properties Pending Sale .......................................
878
824
-6.2%
Properties For Sale ................................................
3,935
3,892
-1.1%
Days on Market (Pending Sale) ...........................
68
51
-25.0%
Month’s Supply of Inventory ................................
5.1
4.8
-4.5%
Percent Under Contract ........................................
22.3%
21.2%
-5.1%
Average Median Price for Last 12 Months ........
$589,000
$771,346
23.6%
*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.
$839
M E D I A N
S A L E S
(in hundred thousands)
$657
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Bel-Air Holmby Hills DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$2,645,550
$2,414,000
-8.8%
Average Price per Square Foot ...........................
$833
$847
1.7%
Properties Sold .......................................................
10
12
20.0%
Properties Pending Sale .......................................
15
14
-6.7%
Properties For Sale ................................................
141
139
-1.4%
Days on Market (Pending Sale) ...........................
110
101
-8.2%
Month’s Supply of Inventory ................................
14.1
11.6
-17.8%
Percent Under Contract ........................................
10.6%
13.5%
27.2%
Average Median Price for Last 12 Months ........
$1,867,000
$1,983,545
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.
$2.645
M E D I A N
S A L E S
(in hundred thousands)
$2.414
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$1,983,545
PROPERTIES FOR SALE
139
DAYS ON MARKET**
91
shadow inventory
13
(13.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Beverly Center - Miracle Mile DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$1,027,500
$1,431,250
39.3%
Average Price per Square Foot ...........................
$551
$647
17.4%
Properties Sold .......................................................
16
22
37.5%
Properties Pending Sale .......................................
14
10
-28.6%
Properties For Sale ................................................
48
53
10.4%
Days on Market (Pending Sale) ...........................
72
22
-69.4%
Month’s Supply of Inventory ................................
3
2.4
-19.7%
Percent Under Contract ........................................
29.2%
18.9%
-35.3%
Average Median Price for Last 12 Months ........
$917,000
$1,122,246
18.3%
*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)
$1.431
P R I C E
yearly trend
M E D I A N
S A L E S
$1.027
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$1,122,246
PROPERTIES FOR SALE
53
DAYS ON MARKET**
46
shadow inventory
11
(11.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Beverly Hills DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$2,985,000
$6,000,000
101.0%
Average Price per Square Foot ...........................
$819
$1,298
58.5%
Properties Sold .......................................................
24
13
-45.8%
Properties Pending Sale .......................................
23
20
-13.0%
Properties For Sale ................................................
127
117
-7.9%
Days on Market (Pending Sale) ...........................
76
112
47.4%
Month’s Supply of Inventory ................................
5.3
9
70.1%
Percent Under Contract ........................................
18.1%
17.1%
-5.6%
Average Median Price for Last 12 Months ........
$3,626,000
$4,447,962
18.5%
*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)
$6.000
P R I C E
yearly trend
M E D I A N
$2.985
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$4,447,962
PROPERTIES FOR SALE
117
DAYS ON MARKET**
87
shadow inventory
33
(33.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Beverly Hills- Post Office DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$2,450,000
$2,340,000
-4.5%
Average Price per Square Foot ...........................
$629
$831
32.1%
Properties Sold .......................................................
15
13
-13.3%
Properties Pending Sale .......................................
11
13
18.2%
Properties For Sale ................................................
122
132
8.2%
Days on Market (Pending Sale) ...........................
79
48
-39.2%
Month’s Supply of Inventory ................................
8.1
10.2
24.8%
Percent Under Contract ........................................
9.0%
9.8%
9.2%
Average Median Price for Last 12 Months ........
$1,984,000
$2,020,453
1.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$2.450
M E D I A N
S A L E S
(in hundred thousands)
$2.340
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$2,020,453
PROPERTIES FOR SALE
132
DAYS ON MARKET**
74
shadow inventory
30
(30.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Beverlywood DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$742,000
$985,000
32.7%
Average Price per Square Foot ...........................
$423
$569
34.5%
Properties Sold .......................................................
10
14
40.0%
Properties Pending Sale .......................................
12
14
16.7%
Properties For Sale ................................................
48
54
12.5%
Days on Market (Pending Sale) ...........................
71
29
-59.2%
Month’s Supply of Inventory ................................
4.8
3.9
-19.6%
Percent Under Contract ........................................
25.0%
25.9%
3.7%
Average Median Price for Last 12 Months ........
$763,000
$830,408
8.1%
*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)
$985
P R I C E
yearly trend
M E D I A N
S A L E S
$742
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$830,408
PROPERTIES FOR SALE
54
DAYS ON MARKET**
49
shadow inventory
15
(15.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Brentwood DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$1,599,000
$2,538,000
58.7%
Average Price per Square Foot ...........................
$695
$848
22.0%
Properties Sold .......................................................
17
13
-23.5%
Properties Pending Sale .......................................
29
21
-27.6%
Properties For Sale ................................................
130
122
-6.2%
Days on Market (Pending Sale) ...........................
77
73
-5.2%
Month’s Supply of Inventory ................................
7.6
9.4
22.7%
Percent Under Contract ........................................
22.3%
17.2%
-22.8%
Average Median Price for Last 12 Months ........
$1,830,000
$2,213,198
17.3%
*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)
$2.538
P R I C E
yearly trend
M E D I A N
$1.599
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$2,213,198
PROPERTIES FOR SALE
122
DAYS ON MARKET**
65
shadow inventory
20
(20.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Cheviot Hills - Rancho Park DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$1,425,000
$1,577,500
10.7%
Average Price per Square Foot ...........................
$483
$733
51.8%
Properties Sold .......................................................
5
6
20.0%
Properties Pending Sale .......................................
7
5
-28.6%
Properties For Sale ................................................
17
16
-5.9%
Days on Market (Pending Sale) ...........................
102
19
-81.4%
Month’s Supply of Inventory ................................
3.4
2.7
-21.6%
Percent Under Contract ........................................
41.2%
31.2%
-24.1%
Average Median Price for Last 12 Months ........
$1,333,000
$1,367,231
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.
M E D I A N
S A L E S
(in hundred thousands)
$1.577
$1.425
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$1,367,231
PROPERTIES FOR SALE
16
DAYS ON MARKET**
39
shadow inventory
14
(14.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Culver City DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$700,000
$830,000
18.6%
Average Price per Square Foot ...........................
$439
$585
33.3%
Properties Sold .......................................................
15
12
-20.0%
Properties Pending Sale .......................................
20
12
-40.0%
Properties For Sale ................................................
54
36
-33.3%
Days on Market (Pending Sale) ...........................
83
35
-57.8%
Month’s Supply of Inventory ................................
3.6
3
-16.7%
Percent Under Contract ........................................
37.0%
33.3%
-10.0%
Average Median Price for Last 12 Months ........
$650,000
$759,755
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.
$830
M E D I A N
S A L E S
(in hundred thousands)
$700
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$759,755
PROPERTIES FOR SALE
36
DAYS ON MARKET**
42
shadow inventory
19
(19.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Hancock Park - Wilshire DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$1,127,812
$1,427,500
26.6%
Average Price per Square Foot ...........................
$430
$648
50.7%
Properties Sold .......................................................
22
29
31.8%
Properties Pending Sale .......................................
18
24
33.3%
Properties For Sale ................................................
79
108
36.7%
Days on Market (Pending Sale) ...........................
103
41
-60.2%
Month’s Supply of Inventory ................................
3.6
3.7
3.7%
Percent Under Contract ........................................
22.8%
22.2%
-2.5%
Average Median Price for Last 12 Months ........
$904,000
$1,161,822
22.2%
*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.
(in hundred thousands)
$1.427
P R I C E
yearly trend
M E D I A N
S A L E S
$1.127
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$1,161,822
PROPERTIES FOR SALE
108
DAYS ON MARKET**
57
shadow inventory
16
(16.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Hollywood DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$819,000
$532,500
-35.0%
Average Price per Square Foot ...........................
$569
$368
-35.3%
Properties Sold .......................................................
5
4
-20.0%
Properties Pending Sale .......................................
0
5
%
Properties For Sale ................................................
10
20
100.0%
Days on Market (Pending Sale) ...........................
0
80
%
Month’s Supply of Inventory ................................
2
5
150.0%
Percent Under Contract ........................................
0.0%
25.0%
%
Average Median Price for Last 12 Months ........
$515,000
$691,384
25.5%
*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
$532
S A L E S
$819
(in hundred thousands)
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$691,384
PROPERTIES FOR SALE
20
DAYS ON MARKET**
40
shadow inventory
33
(33.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Hollywood Hills East DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$930,000
$1,071,250
15.2%
Average Price per Square Foot ...........................
$469
$483
3.0%
Properties Sold .......................................................
19
18
-5.3%
Properties Pending Sale .......................................
12
17
41.7%
Properties For Sale ................................................
69
63
-8.7%
Days on Market (Pending Sale) ...........................
84
44
-47.6%
Month’s Supply of Inventory ................................
5.8
3.5
-39.1%
Percent Under Contract ........................................
17.4%
27.0%
55.2%
Average Median Price for Last 12 Months ........
$897,000
$993,527
9.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.071
M E D I A N
S A L E S
(in hundred thousands)
$930
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$993,527
PROPERTIES FOR SALE
63
DAYS ON MARKET**
61
shadow inventory
4
(4.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Laurel Canyon DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$1,362,000
$1,275,000
-6.4%
Average Price per Square Foot ...........................
$580
$596
2.8%
Properties Sold .......................................................
18
23
27.8%
Properties Pending Sale .......................................
27
25
-7.4%
Properties For Sale ................................................
144
141
-2.1%
Days on Market (Pending Sale) ...........................
68
50
-26.5%
Month’s Supply of Inventory ................................
5.3
6.1
14.9%
Percent Under Contract ........................................
18.8%
17.7%
-5.4%
Average Median Price for Last 12 Months ........
$1,078,000
$1,213,167
11.1%
*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.
$1.362
M E D I A N
S A L E S
(in hundred thousands)
$1.275
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$1,213,167
PROPERTIES FOR SALE
141
DAYS ON MARKET**
60
shadow inventory
28
(28.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Los Feliz DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$884,500
$1,739,000
96.6%
Average Price per Square Foot ...........................
$429
$695
62.0%
Properties Sold .......................................................
18
17
-5.6%
Properties Pending Sale .......................................
16
19
18.8%
Properties For Sale ................................................
83
72
-13.3%
Days on Market (Pending Sale) ...........................
70
32
-54.3%
Month’s Supply of Inventory ................................
5.2
4.2
-18.4%
Percent Under Contract ........................................
19.3%
26.4%
36.9%
Average Median Price for Last 12 Months ........
$928,000
$1,148,825
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)
$1.739
P R I C E
yearly trend
M E D I A N
$884
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$1,148,825
PROPERTIES FOR SALE
72
DAYS ON MARKET**
50
shadow inventory
16
(16.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Malibu DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$1,616,775
$2,348,750
45.3%
Average Price per Square Foot ...........................
$545
$778
42.8%
Properties Sold .......................................................
12
18
50.0%
Properties Pending Sale .......................................
24
15
-37.5%
Properties For Sale ................................................
192
201
4.7%
Days on Market (Pending Sale) ...........................
135
109
-19.3%
Month’s Supply of Inventory ................................
16
11.2
-30.2%
Percent Under Contract ........................................
12.5%
7.5%
-40.3%
Average Median Price for Last 12 Months ........
$1,706,000
$1,903,502
10.4%
*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.
S A L E S
(in hundred thousands)
$2.348
P R I C E
yearly trend
M E D I A N
$1.616
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$1,903,502
PROPERTIES FOR SALE
201
DAYS ON MARKET**
141
shadow inventory
30
(30.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Malibu Beach DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$5,975,000
$14,700,000
146.0%
Average Price per Square Foot ...........................
$1,832
$2,746
49.9%
Properties Sold .......................................................
4
1
-75.0%
Properties Pending Sale .......................................
5
2
-60.0%
Properties For Sale ................................................
89
78
-12.4%
Days on Market (Pending Sale) ...........................
142
148
4.2%
Month’s Supply of Inventory ................................
22.2
78
250.6%
Percent Under Contract ........................................
5.6%
2.6%
-54.4%
Average Median Price for Last 12 Months ........
$6,315,000
$6,152,304
-2.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$14.700
P R I C E
yearly trend
M E D I A N
$5.975
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$6,152,304
PROPERTIES FOR SALE
78
DAYS ON MARKET**
173
shadow inventory
3
(3.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Marina Del Rey DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$1,240,000
$1,225,000
-1.2%
Average Price per Square Foot ...........................
$770
$729
-5.3%
Properties Sold .......................................................
3
4
33.3%
Properties Pending Sale .......................................
3
2
-33.3%
Properties For Sale ................................................
19
24
26.3%
Days on Market (Pending Sale) ...........................
124
38
-69.4%
Month’s Supply of Inventory ................................
6.3
6
-5.3%
Percent Under Contract ........................................
15.8%
8.3%
-47.2%
Average Median Price for Last 12 Months ........
$1,234,000
$1,518,456
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
$1.225
S A L E S
$1.240
(in hundred thousands)
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$1,518,456
PROPERTIES FOR SALE
24
DAYS ON MARKET**
65
shadow inventory
3
(3.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Mid Los Angeles DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$289,900
$380,000
31.1%
Average Price per Square Foot ...........................
$181
$289
59.7%
Properties Sold .......................................................
13
23
76.9%
Properties Pending Sale .......................................
19
20
5.3%
Properties For Sale ................................................
59
86
45.8%
Days on Market (Pending Sale) ...........................
52
50
-3.8%
Month’s Supply of Inventory ................................
4.5
3.7
-17.6%
Percent Under Contract ........................................
32.2%
23.3%
-27.8%
Average Median Price for Last 12 Months ........
$297,000
$411,262
27.8%
*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
$289
S A L E S
$380
(in hundred thousands)
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$411,262
PROPERTIES FOR SALE
86
DAYS ON MARKET**
40
shadow inventory
41
(41.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Mid Wilshire DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$430,000
$644,500
49.9%
Average Price per Square Foot ...........................
$237
$330
39.2%
Properties Sold .......................................................
2
4
100.0%
Properties Pending Sale .......................................
3
3
0.0%
Properties For Sale ................................................
17
14
-17.6%
Days on Market (Pending Sale) ...........................
21
22
4.8%
Month’s Supply of Inventory ................................
8.5
3.5
-58.8%
Percent Under Contract ........................................
17.6%
21.4%
21.4%
Average Median Price for Last 12 Months ........
$394,000
$469,688
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)
$644
P R I C E
yearly trend
M E D I A N
S A L E S
$430
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$469,688
PROPERTIES FOR SALE
14
DAYS ON MARKET**
34
shadow inventory
11
(11.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Pacific Palisades DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$2,400,000
$2,577,302
7.4%
Average Price per Square Foot ...........................
$680
$910
33.8%
Properties Sold .......................................................
21
24
14.3%
Properties Pending Sale .......................................
23
25
8.7%
Properties For Sale ................................................
134
129
-3.7%
Days on Market (Pending Sale) ...........................
107
58
-45.8%
Month’s Supply of Inventory ................................
6.4
5.4
-15.8%
Percent Under Contract ........................................
17.2%
19.4%
12.9%
Average Median Price for Last 12 Months ........
$1,945,000
$2,222,499
12.5%
*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.
$2.577
M E D I A N
S A L E S
(in hundred thousands)
$2.400
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$2,222,499
PROPERTIES FOR SALE
129
DAYS ON MARKET**
73
shadow inventory
11
(11.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Palms - Mar Vista DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$790,000
$992,551
25.6%
Average Price per Square Foot ...........................
$574
$593
3.3%
Properties Sold .......................................................
28
34
21.4%
Properties Pending Sale .......................................
34
35
2.9%
Properties For Sale ................................................
73
84
15.1%
Days on Market (Pending Sale) ...........................
38
35
-7.9%
Month’s Supply of Inventory ................................
2.6
2.5
-5.2%
Percent Under Contract ........................................
46.6%
41.7%
-10.5%
Average Median Price for Last 12 Months ........
$763,000
$871,829
12.5%
*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.
$992
M E D I A N
S A L E S
(in hundred thousands)
$790
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$871,829
PROPERTIES FOR SALE
84
DAYS ON MARKET**
38
shadow inventory
46
(46.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Playa Del Rey DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$1,100,000
$1,300,000
18.2%
Average Price per Square Foot ...........................
$356
$405
13.8%
Properties Sold .......................................................
1
3
200.0%
Properties Pending Sale .......................................
5
6
20.0%
Properties For Sale ................................................
14
16
14.3%
Days on Market (Pending Sale) ...........................
119
87
-26.9%
Month’s Supply of Inventory ................................
14
5.3
-61.9%
Percent Under Contract ........................................
35.7%
37.5%
5.0%
Average Median Price for Last 12 Months ........
$907,000
$1,200,385
24.4%
*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.
(in hundred thousands)
$1.300
P R I C E
yearly trend
M E D I A N
S A L E S
$1.100
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$1,200,385
PROPERTIES FOR SALE
16
DAYS ON MARKET**
76
shadow inventory
2
(2.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Playa Vista DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$911,500
$0
-100.0%
Average Price per Square Foot ...........................
$320
$0
-100.0%
Properties Sold .......................................................
1
0
-100.0%
Properties Pending Sale .......................................
1
0
-100.0%
Properties For Sale ................................................
2
5
150.0%
Days on Market (Pending Sale) ...........................
115
0
-100.0%
Month’s Supply of Inventory ................................
2
Percent Under Contract ........................................
50.0%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$991,000
$1,220,500
18.8%
%
*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)
P R I C E
yearly trend
M E D I A N
$911
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$1,220,500
PROPERTIES FOR SALE
5
DAYS ON MARKET**
50
shadow inventory
2
(2.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Santa Monica DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$2,000,000
$1,765,000
-11.8%
Average Price per Square Foot ...........................
$808
$960
18.8%
Properties Sold .......................................................
17
19
11.8%
Properties Pending Sale .......................................
31
22
-29.0%
Properties For Sale ................................................
105
89
-15.2%
Days on Market (Pending Sale) ...........................
54
40
-25.9%
Month’s Supply of Inventory ................................
6.2
4.7
-24.2%
Percent Under Contract ........................................
29.5%
24.7%
-16.3%
Average Median Price for Last 12 Months ........
$1,826,000
$1,986,921
8.1%
*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
$1.765
S A L E S
$2.000
(in hundred thousands)
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$1,986,921
PROPERTIES FOR SALE
89
DAYS ON MARKET**
49
shadow inventory
13
(13.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Sunset Strip - Hollywood Hills West DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$1,495,000
$1,323,500
-11.5%
Average Price per Square Foot ...........................
$669
$715
6.9%
Properties Sold .......................................................
31
34
9.7%
Properties Pending Sale .......................................
39
37
-5.1%
Properties For Sale ................................................
270
277
2.6%
Days on Market (Pending Sale) ...........................
66
56
-15.2%
Month’s Supply of Inventory ................................
8.7
8.1
-6.5%
Percent Under Contract ........................................
14.4%
13.4%
-7.5%
Average Median Price for Last 12 Months ........
$1,329,000
$1,466,655
9.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.323
S A L E S
$1.495
(in hundred thousands)
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$1,466,655
PROPERTIES FOR SALE
277
DAYS ON MARKET**
66
shadow inventory
26
(26.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Venice DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$1,335,000
$1,375,000
3.0%
Average Price per Square Foot ...........................
$858
$866
0.9%
Properties Sold .......................................................
17
18
5.9%
Properties Pending Sale .......................................
19
24
26.3%
Properties For Sale ................................................
68
70
2.9%
Days on Market (Pending Sale) ...........................
68
42
-38.2%
Month’s Supply of Inventory ................................
4
3.9
-2.8%
Percent Under Contract ........................................
27.9%
34.3%
22.7%
Average Median Price for Last 12 Months ........
$1,097,000
$1,344,591
22.6%
*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.
$1.375
M E D I A N
S A L E S
(in hundred thousands)
$1.335
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$1,344,591
PROPERTIES FOR SALE
70
DAYS ON MARKET**
57
shadow inventory
13
(13.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
West Hollywood DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$1,725,200
$1,325,000
-23.2%
Average Price per Square Foot ...........................
$712
$622
-12.6%
Properties Sold .......................................................
5
13
160.0%
Properties Pending Sale .......................................
5
12
140.0%
Properties For Sale ................................................
38
57
50.0%
Days on Market (Pending Sale) ...........................
52
48
-7.7%
Month’s Supply of Inventory ................................
7.6
4.4
-42.3%
Percent Under Contract ........................................
13.2%
21.1%
60.0%
Average Median Price for Last 12 Months ........
$1,026,000
$1,173,096
12.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.325
(in hundred thousands)
$1.725
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$1,173,096
PROPERTIES FOR SALE
57
DAYS ON MARKET**
56
shadow inventory
5
(5.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
West Los Angeles DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$713,000
$724,250
1.6%
Average Price per Square Foot ...........................
$571
$559
-2.1%
Properties Sold .......................................................
6
8
33.3%
Properties Pending Sale .......................................
4
8
100.0%
Properties For Sale ................................................
20
26
30.0%
Days on Market (Pending Sale) ...........................
32
64
100.0%
Month’s Supply of Inventory ................................
3.3
3.2
-2.5%
Percent Under Contract ........................................
20.0%
30.8%
53.8%
Average Median Price for Last 12 Months ........
$609,000
$744,467
22.2%
*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)
$724
$713
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$744,467
PROPERTIES FOR SALE
26
DAYS ON MARKET**
41
shadow inventory
12
(12.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Westchester DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$647,500
$752,500
16.2%
Average Price per Square Foot ...........................
$404
$451
11.6%
Properties Sold .......................................................
28
24
-14.3%
Properties Pending Sale .......................................
19
28
47.4%
Properties For Sale ................................................
58
56
-3.4%
Days on Market (Pending Sale) ...........................
58
29
-50.0%
Month’s Supply of Inventory ................................
2.1
2.3
12.6%
Percent Under Contract ........................................
32.8%
50.0%
52.6%
Average Median Price for Last 12 Months ........
$626,000
$727,808
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.
$752
M E D I A N
S A L E S
(in hundred thousands)
$647
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$727,808
PROPERTIES FOR SALE
56
DAYS ON MARKET**
36
shadow inventory
27
(27.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Westwood - Century City DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$1,610,000
$1,275,000
-20.8%
Average Price per Square Foot ...........................
$590
$687
16.4%
Properties Sold .......................................................
21
13
-38.1%
Properties Pending Sale .......................................
20
21
5.0%
Properties For Sale ................................................
51
65
27.5%
Days on Market (Pending Sale) ...........................
80
54
-32.5%
Month’s Supply of Inventory ................................
2.4
5
105.9%
Percent Under Contract ........................................
39.2%
32.3%
-17.6%
Average Median Price for Last 12 Months ........
$1,319,000
$1,413,446
7.2%
*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
$1.275
S A L E S
$1.610
(in hundred thousands)
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$1,413,446
PROPERTIES FOR SALE
65
DAYS ON MARKET**
37
shadow inventory
7
(7.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
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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 October 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.