Teles intelligence
micro market report los angeles SEPTEMBER 2012 | 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
Los Feliz
Bel Air - Holmby Hills
Cheviot Hills - Rancho Park
Malibu
Beverly Center - Miracle Mile
Culver City
Malibu Beach
Beverly Hills
Hancock Park - Wilshire
Marina del Rey
Beverly Hills P.O.
Hollywood
Mid Los Angeles
Beverlywood
Hollywood Hills East
Mid Wilshire
Micro Market Report : September 2012
telesintelligence.com
e county
san fernando
briel
south bay Pacific Palisades
Venice
Palms - Mar Vista
West Hollywood
Playa del Rey
West Los Angeles
Playa Vista
Westchester
Santa Monica
Westwood - Century City
Sunset Strip - Hollywood Hills West
September 2012 : Micro Market Report
Los Angeles Macro Market DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$1,226,487
$1,440,486
17.4%
Average Price per Square Foot ...........................
$535
$615
14.8%
Properties Sold .......................................................
339
373
10.0%
Properties Pending Sale .......................................
270
382
41.5%
Properties For Sale ................................................
3298
2122
-35.7%
Days on Market (Pending Sale) ...........................
71
55
-22.5%
Month’s Supply of Inventory ................................
9.7
5.7
-41.5%
Percent Under Contract ........................................
8.2%
18.0%
119.9%
Average Median Price for Last 12 Months ........
$1,298,857
$1,357,592
4.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.440
M E D I A N
S A L E S
(in hundred thousands)
$1.226
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
Bel Air - Holmby Hills DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$1,525,000
$1,439,444
-5.6%
Average Price per Square Foot ...........................
$752
$502
-33.2%
Properties Sold .......................................................
15
11
-26.7%
Properties Pending Sale .......................................
8
13
62.5%
Properties For Sale ................................................
188
135
-28.2%
Days on Market (Pending Sale) ...........................
113
68
-39.8%
Month’s Supply of Inventory ................................
12.5
12.3
-2.1%
Percent Under Contract ........................................
4.3%
9.6%
126.3%
Average Median Price for Last 12 Months ........
$1,679,000
$1,770,656
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
$1.439
S A L E S
$1.525
(in hundred thousands)
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$1,770,656 PROPERTIES FOR SALE
135 DAYS ON MARKET**
90 shadow inventory
38 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Beverly Center - Miracle Mile DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$895,000
$1,075,000
20.1%
Average Price per Square Foot ...........................
$410
$567
38.3%
Properties Sold .......................................................
19
15
-21.1%
Properties Pending Sale .......................................
15
14
-6.7%
Properties For Sale ................................................
99
58
-41.4%
Days on Market (Pending Sale) ...........................
61
82
34.4%
Month’s Supply of Inventory ................................
5.2
3.9
-25.8%
Percent Under Contract ........................................
15.2%
24.1%
59.3%
Average Median Price for Last 12 Months ........
$948,000
$907,000
-4.5%
*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.
$1.075
M E D I A N
S A L E S
(in hundred thousands)
$895
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$907,000 PROPERTIES FOR SALE
58 DAYS ON MARKET**
46 shadow inventory
21
(90048 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Beverly Hills DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$2,472,500
$3,984,531
61.2%
Average Price per Square Foot ...........................
$823
$1,016
23.5%
Properties Sold .......................................................
10
14
40.0%
Properties Pending Sale .......................................
10
19
90.0%
Properties For Sale ................................................
153
127
-17.0%
Days on Market (Pending Sale) ...........................
90
72
-20.0%
Month’s Supply of Inventory ................................
15.3
9.1
-40.7%
Percent Under Contract ........................................
6.5%
15.0%
128.9%
Average Median Price for Last 12 Months ........
$3,028,000
$3,584,195
15.5%
*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.
SEP
M E D I A N
$2.473
S A L E S
$3.985
(in hundred thousands)
P R I C E
yearly trend
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$3,584,195 PROPERTIES FOR SALE
127 DAYS ON MARKET**
94 shadow inventory
78 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Beverly Hills P.O. DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$1,950,000
$1,672,500
-14.2%
Average Price per Square Foot ...........................
$717
$572
-20.2%
Properties Sold .......................................................
9
15
66.7%
Properties Pending Sale .......................................
10
16
60.0%
Properties For Sale ................................................
189
119
-37.0%
Days on Market (Pending Sale) ...........................
95
88
-7.4%
Month’s Supply of Inventory ................................
21.0
7.9
-62.2%
Percent Under Contract ........................................
5.3%
13.4%
154.1%
Average Median Price for Last 12 Months ........
$2,078,000
$1,933,596
-7.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.673
S A L E S
$1.950
(in hundred thousands)
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$1,933,596 PROPERTIES FOR SALE
119 DAYS ON MARKET**
95 shadow inventory
63
(90210 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Beverlywood DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$724,000
$752,500
3.9%
Average Price per Square Foot ...........................
$444
$412
-7.2%
Properties Sold .......................................................
10
14
40.0%
Properties Pending Sale .......................................
9
7
-22.2%
Properties For Sale ................................................
96
40
-58.3%
Days on Market (Pending Sale) ...........................
56
29
-48.2%
Month’s Supply of Inventory ................................
9.6
2.9
-70.2%
Percent Under Contract ........................................
9.4%
17.5%
86.7%
Average Median Price for Last 12 Months ........
$782,000
$761,173
-2.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$753
$724
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$761,173 PROPERTIES FOR SALE
40 DAYS ON MARKET**
49 shadow inventory
40
(90035 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Brentwood DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$1,650,000
$1,780,483
7.9%
Average Price per Square Foot ...........................
$597
$707
18.4%
Properties Sold .......................................................
15
17
13.3%
Properties Pending Sale .......................................
11
17
54.5%
Properties For Sale ................................................
170
117
-31.2%
Days on Market (Pending Sale) ...........................
41
74
80.5%
Month’s Supply of Inventory ................................
11.3
6.9
-39.3%
Percent Under Contract ........................................
6.5%
14.5%
124.6%
Average Median Price for Last 12 Months ........
$1,934,000
$1,834,499
-5.4%
*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
$1.780
$1.650
(in hundred thousands)
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$1,834,499 PROPERTIES FOR SALE
117 DAYS ON MARKET**
70 shadow inventory
37
(90049 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Cheviot Hills - Rancho Park DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$1,170,000
$1,162,500
-0.6%
Average Price per Square Foot ...........................
$492
$508
3.3%
Properties Sold .......................................................
12
2
-83.3%
Properties Pending Sale .......................................
8
3
-62.5%
Properties For Sale ................................................
47
18
-61.7%
Days on Market (Pending Sale) ...........................
44
48
9.1%
Month’s Supply of Inventory ................................
3.9
9.0
129.8%
Percent Under Contract ........................................
17.0%
16.7%
-2.1%
Average Median Price for Last 12 Months ........
$1,177,000
$1,313,335
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.
M E D I A N
$1.163
S A L E S
$1.170
(in hundred thousands)
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$1,313,335 PROPERTIES FOR SALE
18 DAYS ON MARKET**
58 shadow inventory
50
(90064 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Culver City DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$628,750
$648,000
3.1%
Average Price per Square Foot ...........................
$393
$458
16.5%
Properties Sold .......................................................
14
17
21.4%
Properties Pending Sale .......................................
13
11
-15.4%
Properties For Sale ................................................
70
53
-24.3%
Days on Market (Pending Sale) ...........................
57
42
-26.3%
Month’s Supply of Inventory ................................
5.0
3.1
-37.6%
Percent Under Contract ........................................
18.6%
20.8%
11.8%
Average Median Price for Last 12 Months ........
$647,000
$644,317
-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.
M E D I A N
S A L E S
(in hundred thousands)
$648
$629
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$644,317 PROPERTIES FOR SALE
53 DAYS ON MARKET**
48 shadow inventory
41 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Hancock Park - Wilshire DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$1,100,000
$875,000
-20.5%
Average Price per Square Foot ...........................
$448
$442
-1.3%
Properties Sold .......................................................
17
19
11.8%
Properties Pending Sale .......................................
17
25
47.1%
Properties For Sale ................................................
169
90
-46.7%
Days on Market (Pending Sale) ...........................
61
56
-8.2%
Month’s Supply of Inventory ................................
9.9
4.7
-52.4%
Percent Under Contract ........................................
10.1%
27.8%
176.1%
Average Median Price for Last 12 Months ........
$1,007,000
$906,969
-11.0%
*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
$875
(in hundred thousands)
$1.100
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$906,969 PROPERTIES FOR SALE
90 DAYS ON MARKET**
60 shadow inventory
47
(90004, 90020 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Hollywood DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$375,000
$664,500
77.2%
Average Price per Square Foot ...........................
$419
$395
-5.7%
Properties Sold .......................................................
1
2
100.0%
Properties Pending Sale .......................................
3
3
0.0%
Properties For Sale ................................................
32
10
-68.8%
Days on Market (Pending Sale) ...........................
13
31
138.5%
Month’s Supply of Inventory ................................
32.0
5.0
-84.4%
Percent Under Contract ........................................
9.4%
30.0%
220.0%
Average Median Price for Last 12 Months ........
$477,000
$481,231
0.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S M E D I A N
$375
(in hundred thousands)
$665
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$481,231 PROPERTIES FOR SALE
10 DAYS ON MARKET**
49 shadow inventory
102 (90028, 90038, 90068 Zip Codes) **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Hollywood Hills East DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$1,179,000
$1,005,000
-14.8%
Average Price per Square Foot ...........................
$482
$456
-5.4%
Properties Sold .......................................................
9
8
-11.1%
Properties Pending Sale .......................................
3
15
400.0%
Properties For Sale ................................................
90
75
-16.7%
Days on Market (Pending Sale) ...........................
111
63
-43.2%
Month’s Supply of Inventory ................................
30.0
9.4
-68.8%
Percent Under Contract ........................................
3.3%
20.0%
500.0%
Average Median Price for Last 12 Months ........
$910,000
$914,731
0.5%
*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
$1.005
(in hundred thousands)
$1.179
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$914,731 PROPERTIES FOR SALE
75 DAYS ON MARKET**
63 shadow inventory
16
(90029 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Los Feliz DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$921,000
$989,500
7.4%
Average Price per Square Foot ...........................
$461
$504
9.3%
Properties Sold .......................................................
17
18
5.9%
Properties Pending Sale .......................................
12
17
41.7%
Properties For Sale ................................................
125
80
-36.0%
Days on Market (Pending Sale) ...........................
18
55
205.6%
Month’s Supply of Inventory ................................
10.4
4.4
-57.3%
Percent Under Contract ........................................
9.6%
21.3%
121.4%
Average Median Price for Last 12 Months ........
$974,000
$931,075
-4.6%
*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.
$990
M E D I A N
S A L E S
(in hundred thousands)
$921
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$931,075 PROPERTIES FOR SALE
80 DAYS ON MARKET**
51 shadow inventory
40
(90027 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Malibu DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$2,950,000
$2,151,228
-27.1%
Average Price per Square Foot ...........................
$726
$705
-2.9%
Properties Sold .......................................................
10
16
60.0%
Properties Pending Sale .......................................
8
19
137.5%
Properties For Sale ................................................
296
192
-35.1%
Days on Market (Pending Sale) ...........................
214
110
-48.6%
Month’s Supply of Inventory ................................
29.6
12.0
-59.5%
Percent Under Contract ........................................
2.7%
9.9%
266.1%
Average Median Price for Last 12 Months ........
$2,073,000
$1,808,826
-14.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$2.151
S A L E S
$2.950
(in hundred thousands)
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$1,808,826 PROPERTIES FOR SALE
192 DAYS ON MARKET**
140 shadow inventory
78 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Malibu Beach DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$3,175,000
$6,500,000
104.7%
Average Price per Square Foot ...........................
$1,090
$2,326
113.4%
Properties Sold .......................................................
4
7
75.0%
Properties Pending Sale .......................................
1
7
600.0%
Properties For Sale ................................................
116
97
-16.4%
Days on Market (Pending Sale) ...........................
99
117
18.2%
Month’s Supply of Inventory ................................
29.0
13.9
-52.2%
Percent Under Contract ........................................
0.9%
7.2%
737.1%
Average Median Price for Last 12 Months ........
$4,956,000
$6,081,729
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.
$3.175
SEP
S A L E S M E D I A N
$6.500
(in hundred thousands)
P R I C E
yearly trend
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$6,081,729 PROPERTIES FOR SALE
97 DAYS ON MARKET**
195 shadow inventory
9 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Marina del Rey DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$1,482,000
$1,494,500
0.8%
Average Price per Square Foot ...........................
$462
$532
15.2%
Properties Sold .......................................................
5
3
-40.0%
Properties Pending Sale .......................................
4
5
25.0%
Properties For Sale ................................................
41
22
-46.3%
Days on Market (Pending Sale) ...........................
85
91
7.1%
Month’s Supply of Inventory ................................
8.2
7.3
-10.6%
Percent Under Contract ........................................
9.8%
22.7%
133.0%
Average Median Price for Last 12 Months ........
$1,226,000
$1,254,317
2.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.495
M E D I A N
S A L E S
(in hundred thousands)
$1.482
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$1,254,317 PROPERTIES FOR SALE
22 DAYS ON MARKET**
80 shadow inventory
8 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Mid Los Angeles DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$283,745
$222,000
-21.8%
Average Price per Square Foot ...........................
$198
$194
-2.0%
Properties Sold .......................................................
14
17
21.4%
Properties Pending Sale .......................................
11
19
72.7%
Properties For Sale ................................................
116
53
-54.3%
Days on Market (Pending Sale) ...........................
64
38
-40.6%
Month’s Supply of Inventory ................................
8.3
3.1
-62.4%
Percent Under Contract ........................................
9.5%
35.8%
278.0%
Average Median Price for Last 12 Months ........
$304,000
$287,527
-5.7%
*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
$222
S A L E S
$284
(in hundred thousands)
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$287,527 PROPERTIES FOR SALE
53 DAYS ON MARKET**
59 shadow inventory
122 (90019 Zip Code) **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Mid Wilshire DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$406,000
$436,950
7.6%
Average Price per Square Foot ...........................
$196
$257
31.1%
Properties Sold .......................................................
3
4
33.3%
Properties Pending Sale .......................................
0
3
N/A
Properties For Sale ................................................
23
9
-60.9%
Days on Market (Pending Sale) ...........................
0
36
N/A
Month’s Supply of Inventory ................................
7.7
2.3
-70.7%
Percent Under Contract ........................................
0.0%
33.3%
N/A
Average Median Price for Last 12 Months ........
$442,000
$394,872
-11.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$437
M E D I A N
S A L E S
(in hundred thousands)
$406
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$394,872 PROPERTIES FOR SALE
9 DAYS ON MARKET**
19 shadow inventory
35
(90036 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Pacific Palisades DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$1,810,000
$2,300,000
27.1%
Average Price per Square Foot ...........................
$677
$812
19.9%
Properties Sold .......................................................
21
25
19.0%
Properties Pending Sale .......................................
23
19
-17.4%
Properties For Sale ................................................
204
145
-28.9%
Days on Market (Pending Sale) ...........................
71
53
-25.4%
Month’s Supply of Inventory ................................
9.7
5.8
-40.3%
Percent Under Contract ........................................
11.3%
13.1%
16.2%
Average Median Price for Last 12 Months ........
$1,716,000
$1,890,603
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.
(in hundred thousands)
$2.300
P R I C E
yearly trend
M E D I A N
S A L E S
$1.810
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$1,890,603 PROPERTIES FOR SALE
145 DAYS ON MARKET**
65 shadow inventory
35 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Palms - Mar Vista DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$639,000
$765,000
19.7%
Average Price per Square Foot ...........................
$494
$521
5.5%
Properties Sold .......................................................
30
37
23.3%
Properties Pending Sale .......................................
24
27
12.5%
Properties For Sale ................................................
147
77
-47.6%
Days on Market (Pending Sale) ...........................
71
32
-54.9%
Month’s Supply of Inventory ................................
4.9
2.1
-57.5%
Percent Under Contract ........................................
16.3%
35.1%
114.8%
Average Median Price for Last 12 Months ........
$729,000
$751,346
3.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
(in hundred thousands)
$765
P R I C E
yearly trend
M E D I A N
S A L E S
$639
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$751,346 PROPERTIES FOR SALE
77 DAYS ON MARKET**
55 shadow inventory
98
(90066, 90034 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Playa del Rey DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$850,000
$1,100,000
29.4%
Average Price per Square Foot ...........................
$442
$313
-29.2%
Properties Sold .......................................................
5
2
-60.0%
Properties Pending Sale .......................................
3
1
-66.7%
Properties For Sale ................................................
24
12
-50.0%
Days on Market (Pending Sale) ...........................
117
12
-89.7%
Month’s Supply of Inventory ................................
4.8
6.0
25.0%
Percent Under Contract ........................................
12.5%
8.3%
-33.3%
Average Median Price for Last 12 Months ........
$1,041,000
$886,188
-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.
(in hundred thousands)
$1.100
P R I C E
yearly trend
M E D I A N
S A L E S
$850
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$886,188 PROPERTIES FOR SALE
12 DAYS ON MARKET**
64 shadow inventory
11 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Playa Vista DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$1,199,000
$890,000
-25.8%
Average Price per Square Foot ...........................
$316
$375
18.7%
Properties Sold .......................................................
1
1
0.0%
Properties Pending Sale .......................................
1
0
-100.0%
Properties For Sale ................................................
6
2
-66.7%
Days on Market (Pending Sale) ...........................
12
0
-100.0%
Month’s Supply of Inventory ................................
6.0
2.0
-66.7%
Percent Under Contract ........................................
16.7%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$1,035,000
$1,022,972
-1.2%
*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
$890
S A L E S
$1.199
(in hundred thousands)
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$1,022,972 PROPERTIES FOR SALE
2 DAYS ON MARKET**
67 shadow inventory
1 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Santa Monica DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$1,565,000
$2,211,250
41.3%
Average Price per Square Foot ...........................
$733
$734
0.1%
Properties Sold .......................................................
16
24
50.0%
Properties Pending Sale .......................................
12
18
50.0%
Properties For Sale ................................................
145
96
-33.8%
Days on Market (Pending Sale) ...........................
87
45
-48.3%
Month’s Supply of Inventory ................................
9.1
4.0
-55.9%
Percent Under Contract ........................................
8.3%
18.8%
126.6%
Average Median Price for Last 12 Months ........
$1,536,000
$1,780,966
13.8%
*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.
(in hundred thousands)
$2.211
P R I C E
yearly trend
M E D I A N
S A L E S
$1.565
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$1,780,966 PROPERTIES FOR SALE
96 DAYS ON MARKET**
59 shadow inventory
39 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Sunset Strip - Hollywood Hills West DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$1,008,250
$1,185,000
17.5%
Average Price per Square Foot ...........................
$545
$712
30.6%
Properties Sold .......................................................
28
20
-28.6%
Properties Pending Sale .......................................
14
34
142.9%
Properties For Sale ................................................
330
258
-21.8%
Days on Market (Pending Sale) ...........................
75
74
-1.3%
Month’s Supply of Inventory ................................
11.8
12.9
9.5%
Percent Under Contract ........................................
4.2%
13.2%
210.6%
Average Median Price for Last 12 Months ........
$1,282,000
$1,289,900
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.
M E D I A N
$1.008
S A L E S
$1.185
(in hundred thousands)
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$1,289,900 PROPERTIES FOR SALE
258 DAYS ON MARKET**
72 shadow inventory
93
(90028, 90068 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Venice DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$1,200,000
$1,265,000
5.4%
Average Price per Square Foot ...........................
$734
$728
-0.8%
Properties Sold .......................................................
10
16
60.0%
Properties Pending Sale .......................................
12
16
33.3%
Properties For Sale ................................................
125
69
-44.8%
Days on Market (Pending Sale) ...........................
56
54
-3.6%
Month’s Supply of Inventory ................................
12.5
4.3
-65.5%
Percent Under Contract ........................................
9.6%
23.2%
141.5%
Average Median Price for Last 12 Months ........
$940,000
$1,095,508
16.5%
*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.
$1.265
M E D I A N
S A L E S
(in hundred thousands)
$1.200
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$1,095,508 PROPERTIES FOR SALE
69 DAYS ON MARKET**
64 shadow inventory
40 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
West Hollywood DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$895,500
$1,180,000
31.8%
Average Price per Square Foot ...........................
$544
$609
11.9%
Properties Sold .......................................................
8
9
12.5%
Properties Pending Sale .......................................
7
13
85.7%
Properties For Sale ................................................
83
43
-48.2%
Days on Market (Pending Sale) ...........................
76
48
-36.8%
Month’s Supply of Inventory ................................
10.4
4.8
-53.9%
Percent Under Contract ........................................
8.4%
30.2%
258.5%
Average Median Price for Last 12 Months ........
$869,000
$960,558
9.5%
*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.
$1.180
M E D I A N
S A L E S
(in hundred thousands)
$895
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$960,558 PROPERTIES FOR SALE
43 DAYS ON MARKET**
58 shadow inventory
15 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
West Los Angeles DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$727,400
$667,732
-8.2%
Average Price per Square Foot ...........................
$472
$465
-1.5%
Properties Sold .......................................................
7
4
-42.9%
Properties Pending Sale .......................................
3
1
-66.7%
Properties For Sale ................................................
33
16
-51.5%
Days on Market (Pending Sale) ...........................
67
4
-94.0%
Month’s Supply of Inventory ................................
4.7
4.0
-15.2%
Percent Under Contract ........................................
9.1%
6.3%
-31.3%
Average Median Price for Last 12 Months ........
$640,000
$610,241
-4.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$668
(in hundred thousands)
$727
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$610,241 PROPERTIES FOR SALE
16 DAYS ON MARKET**
42 shadow inventory
21
(90025 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Westchester DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$659,000
$666,000
1.1%
Average Price per Square Foot ...........................
$387
$422
9.0%
Properties Sold .......................................................
18
22
22.2%
Properties Pending Sale .......................................
15
25
66.7%
Properties For Sale ................................................
86
59
-31.4%
Days on Market (Pending Sale) ...........................
67
47
-29.9%
Month’s Supply of Inventory ................................
4.8
2.7
-43.9%
Percent Under Contract ........................................
17.4%
42.4%
142.9%
Average Median Price for Last 12 Months ........
$652,000
$626,502
-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.
$666
M E D I A N
S A L E S
(in hundred thousands)
$659
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$626,502 PROPERTIES FOR SALE
59 DAYS ON MARKET**
46 shadow inventory
95
(90045 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Westwood - Century City DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$1,200,000
$1,250,000
4.2%
Average Price per Square Foot ...........................
$531
$697
31.3%
Properties Sold .......................................................
11
11
0.0%
Properties Pending Sale .......................................
13
19
46.2%
Properties For Sale ................................................
95
54
-43.2%
Days on Market (Pending Sale) ...........................
65
42
-35.4%
Month’s Supply of Inventory ................................
8.6
4.9
-43.2%
Percent Under Contract ........................................
13.7%
35.2%
157.1%
Average Median Price for Last 12 Months ........
$1,286,000
$1,287,737
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.
M E D I A N
S A L E S
$1.250
$1.200
(in hundred thousands)
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$1,287,737 PROPERTIES FOR SALE
54 DAYS ON MARKET**
47 shadow inventory
11
(90024, 90067 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
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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 SEPTEMBER 2012 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2012 Teles Properties, Inc. Teles Properties is a registered trademark.