Teles intelligence
micro market report orange county 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.
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 : September 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
September 2012 : Micro Market Report
Orange County Macro Market DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$1,144,035
$1,388,064
21.3%
Average Price per Square Foot ...........................
$526
$599
13.7%
Properties Sold .......................................................
397
428
7.8%
Properties Pending Sale .......................................
388
561
44.6%
Properties For Sale ................................................
3384
2079
-38.6%
Days on Market (Pending Sale) ...........................
103
82
-20.3%
Month’s Supply of Inventory ................................
8.5
4.9
-43.0%
Percent Under Contract ........................................
11.5%
27.0%
135.3%
Average Median Price for Last 12 Months ........
$1,475,000
$1,434,811
-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.
S A L E S
(in hundred thousands)
$1.388
P R I C E
yearly trend
M E D I A N
$1.144
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
Balboa Peninsula DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$2,375,000
$1,270,000
-46.5%
Average Price per Square Foot ...........................
$1,083
$1,317
21.6%
Properties Sold .......................................................
4
5
25.0%
Properties Pending Sale .......................................
1
9
800.0%
Properties For Sale ................................................
69
58
-15.9%
Days on Market (Pending Sale) ...........................
123
153
24.4%
Month’s Supply of Inventory ................................
17.3
11.6
-32.8%
Percent Under Contract ........................................
1.4%
15.5%
970.7%
Average Median Price for Last 12 Months ........
$2,111,000
$2,215,490
4.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
S A L E S
$1.270
M E D I A N
$2.375
(in hundred thousands)
P R I C E
yearly trend
telesintelligence.com
the numbers median sales price**
$2,215,490 PROPERTIES FOR SALE
58 DAYS ON MARKET**
145 shadow inventory
11
(92663, 92661 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Corona del Mar - Spyglass DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$1,725,000
$1,525,000
-11.6%
Average Price per Square Foot ...........................
$800
$698
-12.8%
Properties Sold .......................................................
10
16
60.0%
Properties Pending Sale .......................................
6
19
216.7%
Properties For Sale ................................................
133
84
-36.8%
Days on Market (Pending Sale) ...........................
82
100
22.0%
Month’s Supply of Inventory ................................
13.3
5.3
-60.5%
Percent Under Contract ........................................
4.5%
22.6%
401.4%
Average Median Price for Last 12 Months ........
$1,815,000
$1,786,284
-1.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.525
S A L E S
$1.725
(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**
$1,786,284 PROPERTIES FOR SALE
84 DAYS ON MARKET**
111 shadow inventory
24
(92625 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Crystal Cove DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$0
$3,600,000
N/A
Average Price per Square Foot ...........................
$0
$860
N/A
Properties Sold .......................................................
0
2
N/A
Properties Pending Sale .......................................
1
7
600.0%
Properties For Sale ................................................
33
26
-21.2%
Days on Market (Pending Sale) ...........................
120
95
-20.8%
Month’s Supply of Inventory ................................
#DIV/0!
13.0
N/A
Percent Under Contract ........................................
3.0%
26.9%
788.5%
Average Median Price for Last 12 Months ........
$4,190,000
$3,788,688
-9.6%
*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.
$0 SEP
S A L E S M E D I A N
$3.600
(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**
$3,788,688 PROPERTIES FOR SALE
26 DAYS ON MARKET**
125 shadow inventory
39
(92657 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
East Bluff - Harbor View DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$1,530,000
$1,493,944
-2.4%
Average Price per Square Foot ...........................
$492
$488
-0.8%
Properties Sold .......................................................
21
18
-14.3%
Properties Pending Sale .......................................
13
25
92.3%
Properties For Sale ................................................
142
87
-38.7%
Days on Market (Pending Sale) ...........................
135
68
-49.6%
Month’s Supply of Inventory ................................
6.8
4.8
-28.5%
Percent Under Contract ........................................
9.2%
28.7%
213.9%
Average Median Price for Last 12 Months ........
$1,382,000
$1,381,534
-0.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.494
(in hundred thousands)
$1.530
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**
$1,381,534 PROPERTIES FOR SALE
87 DAYS ON MARKET**
98 shadow inventory
72
(92660 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
East Costa Mesa DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$731,850
$625,000
-14.6%
Average Price per Square Foot ...........................
$344
$376
9.3%
Properties Sold .......................................................
14
7
-50.0%
Properties Pending Sale .......................................
8
21
162.5%
Properties For Sale ................................................
78
57
-26.9%
Days on Market (Pending Sale) ...........................
107
53
-50.5%
Month’s Supply of Inventory ................................
5.6
8.1
46.2%
Percent Under Contract ........................................
10.3%
36.8%
259.2%
Average Median Price for Last 12 Months ........
$653,000
$652,808
-0.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$732
M E D I A N
S A L E S
(in hundred thousands)
$625
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**
$652,808 PROPERTIES FOR SALE
57 DAYS ON MARKET**
83 shadow inventory
82
(92627 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Fountain Valley DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$525,000
$548,000
4.4%
Average Price per Square Foot ...........................
$273
$292
7.0%
Properties Sold .......................................................
24
30
25.0%
Properties Pending Sale .......................................
24
32
33.3%
Properties For Sale ................................................
158
79
-50.0%
Days on Market (Pending Sale) ...........................
78
36
-53.8%
Month’s Supply of Inventory ................................
6.6
2.6
-60.0%
Percent Under Contract ........................................
15.2%
40.5%
166.7%
Average Median Price for Last 12 Months ........
$560,000
$544,885
-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.
$548
M E D I A N
S A L E S
(in hundred thousands)
$525
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**
$544,885 PROPERTIES FOR SALE
79 DAYS ON MARKET**
68 shadow inventory
141 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Huntington Beach DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$606,500
$617,500
1.8%
Average Price per Square Foot ...........................
$351
$348
-0.9%
Properties Sold .......................................................
84
96
14.3%
Properties Pending Sale .......................................
105
123
17.1%
Properties For Sale ................................................
632
343
-45.7%
Days on Market (Pending Sale) ...........................
95
67
-29.5%
Month’s Supply of Inventory ................................
7.5
3.6
-52.5%
Percent Under Contract ........................................
16.6%
35.9%
115.8%
Average Median Price for Last 12 Months ........
$609,000
$602,779
-1.0%
*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.
$618
M E D I A N
S A L E S
(in hundred thousands)
$607
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**
$602,779 PROPERTIES FOR SALE
343 DAYS ON MARKET**
88 shadow inventory
349 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Irvine DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$697,500
$694,000
-0.5%
Average Price per Square Foot ...........................
$391
$386
-1.3%
Properties Sold .......................................................
76
81
6.6%
Properties Pending Sale .......................................
74
88
18.9%
Properties For Sale ................................................
541
329
-39.2%
Days on Market (Pending Sale) ...........................
108
55
-49.1%
Month’s Supply of Inventory ................................
7.1
4.1
-42.9%
Percent Under Contract ........................................
13.7%
26.7%
95.5%
Average Median Price for Last 12 Months ........
$721,000
$714,992
-0.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$694
(in hundred thousands)
$698
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**
$714,992 PROPERTIES FOR SALE
329 DAYS ON MARKET**
86 shadow inventory
279 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Laguna Beach DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$1,215,000
$1,800,000
48.1%
Average Price per Square Foot ...........................
$563
$1,035
83.8%
Properties Sold .......................................................
26
23
-11.5%
Properties Pending Sale .......................................
30
40
33.3%
Properties For Sale ................................................
364
233
-36.0%
Days on Market (Pending Sale) ...........................
156
92
-41.0%
Month’s Supply of Inventory ................................
14.0
10.1
-27.6%
Percent Under Contract ........................................
8.2%
17.2%
108.3%
Average Median Price for Last 12 Months ........
$1,203,000
$1,337,892
11.2%
*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)
$1.800
P R I C E
yearly trend
M E D I A N
S A L E S
$1.215
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**
$1,337,892 PROPERTIES FOR SALE
233 DAYS ON MARKET**
140 shadow inventory
86 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Lower Newport Bay - Balboa Island DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$1,932,500
$2,395,000
23.9%
Average Price per Square Foot ...........................
$932
$1,109
19.0%
Properties Sold .......................................................
6
7
16.7%
Properties Pending Sale .......................................
6
6
0.0%
Properties For Sale ................................................
65
40
-38.5%
Days on Market (Pending Sale) ...........................
116
155
33.6%
Month’s Supply of Inventory ................................
10.8
5.7
-47.3%
Percent Under Contract ........................................
9.2%
15.0%
62.5%
Average Median Price for Last 12 Months ........
$2,193,000
$2,033,500
-7.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$2.395
M E D I A N
S A L E S
(in hundred thousands)
$1.933
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**
$2,033,500 PROPERTIES FOR SALE
40 DAYS ON MARKET**
119 shadow inventory
46
(92660, 92662, 92663 Zip Codes)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Newport Beach DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$1,350,000
$1,475,000
9.3%
Average Price per Square Foot ...........................
$611
$634
3.8%
Properties Sold .......................................................
55
57
3.6%
Properties Pending Sale .......................................
39
74
89.7%
Properties For Sale ................................................
501
340
-32.1%
Days on Market (Pending Sale) ...........................
109
104
-4.6%
Month’s Supply of Inventory ................................
9.1
6.0
-34.5%
Percent Under Contract ........................................
7.8%
21.8%
179.6%
Average Median Price for Last 12 Months ........
$1,384,000
$1,344,769
-2.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$1.475 $1.350
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**
$1,344,769 PROPERTIES FOR SALE
340 DAYS ON MARKET**
115 shadow inventory
134 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Newport Coast DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$1,477,500
$1,837,500
24.4%
Average Price per Square Foot ...........................
$577
$636
10.2%
Properties Sold .......................................................
12
15
25.0%
Properties Pending Sale .......................................
12
26
116.7%
Properties For Sale ................................................
160
111
-30.6%
Days on Market (Pending Sale) ...........................
102
86
-15.7%
Month’s Supply of Inventory ................................
13.3
7.4
-44.5%
Percent Under Contract ........................................
7.5%
23.4%
212.3%
Average Median Price for Last 12 Months ........
$2,060,000
$1,893,673
-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
$1.473
S A L E S
$1.838
(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**
$1,893,673 PROPERTIES FOR SALE
111 DAYS ON MARKET**
100 shadow inventory
30 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Newport Heights DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$922,500
$1,635,000
77.2%
Average Price per Square Foot ...........................
$467
$546
16.9%
Properties Sold .......................................................
4
5
25.0%
Properties Pending Sale .......................................
3
7
133.3%
Properties For Sale ................................................
45
31
-31.1%
Days on Market (Pending Sale) ...........................
82
115
40.2%
Month’s Supply of Inventory ................................
11.25
6.2
-44.9%
Percent Under Contract ........................................
6.7%
22.6%
238.7%
Average Median Price for Last 12 Months ........
$1,272,000
$1,147,000
-9.8%
*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)
$1.635
P R I C E
yearly trend
M E D I A N
$923
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**
$1,147,000 PROPERTIES FOR SALE
31 DAYS ON MARKET**
98 shadow inventory
43
(92663 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Turtle Ridge DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$1,425,000
$2,300,500
61.4%
Average Price per Square Foot ...........................
$514
$570
10.9%
Properties Sold .......................................................
5
6
20.0%
Properties Pending Sale .......................................
10
5
-50.0%
Properties For Sale ................................................
37
24
-35.1%
Days on Market (Pending Sale) ...........................
154
65
-57.8%
Month’s Supply of Inventory ................................
7.4
4.0
-45.9%
Percent Under Contract ........................................
27.0%
20.8%
-22.9%
Average Median Price for Last 12 Months ........
$1,846,000
$1,906,231
3.3%
*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)
$2.301
P R I C E
yearly trend
M E D I A N
$1.425
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**
$1,906,231 PROPERTIES FOR SALE
24 DAYS ON MARKET**
128 shadow inventory
50
(92603 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
West Bay - Santa Ana Heights DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$1,015,250
$1,146,200
12.9%
Average Price per Square Foot ...........................
$452
$459
1.5%
Properties Sold .......................................................
12
13
8.3%
Properties Pending Sale .......................................
9
14
55.6%
Properties For Sale ................................................
83
57
-31.3%
Days on Market (Pending Sale) ...........................
76
76
0.0%
Month’s Supply of Inventory ................................
6.9
4.4
-36.6%
Percent Under Contract ........................................
10.8%
24.6%
126.5%
Average Median Price for Last 12 Months ........
$1,083,000
$1,154,892
6.6%
*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.
$1.146
M E D I A N
S A L E S
(in hundred thousands)
$1.015
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**
$1,154,892 PROPERTIES FOR SALE
57 DAYS ON MARKET**
101 shadow inventory
72
(92660 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
West Newport - Lido DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$1,527,500
$1,590,000
4.1%
Average Price per Square Foot ...........................
$851
$762
-10.5%
Properties Sold .......................................................
8
9
12.5%
Properties Pending Sale .......................................
7
14
100.0%
Properties For Sale ................................................
96
66
-31.3%
Days on Market (Pending Sale) ...........................
107
130
21.5%
Month’s Supply of Inventory ................................
12.0
7.3
-38.9%
Percent Under Contract ........................................
7.3%
21.2%
190.9%
Average Median Price for Last 12 Months ........
$1,579,000
$1,492,749
-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.
M E D I A N
S A L E S
$1.590
$1.528
(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**
$1,492,749 PROPERTIES FOR SALE
66 DAYS ON MARKET**
141 shadow inventory
43
(92663 Zip Code)
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Westminster DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$392,500
$432,500
10.2%
Average Price per Square Foot ...........................
$248
$257
3.6%
Properties Sold .......................................................
36
38
5.6%
Properties Pending Sale .......................................
40
51
27.5%
Properties For Sale ................................................
247
114
-53.8%
Days on Market (Pending Sale) ...........................
106
29
-72.6%
Month’s Supply of Inventory ................................
6.9
3.0
-56.3%
Percent Under Contract ........................................
16.2%
44.7%
176.3%
Average Median Price for Last 12 Months ........
$414,000
$393,615
-4.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$433
M E D I A N
S A L E S
(in hundred thousands)
$393
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**
$393,615 PROPERTIES FOR SALE
114 DAYS ON MARKET**
75 shadow inventory
180 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 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.
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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.