Teles intelligence
micro market report south bay 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 ang
south bay
san fern
South Bay Macro Market
Palos Verdes
Redondo Beach
Manhattan Beach
Rancho Palos Verdes
Rolling Hills
Micro Market Report : September 2012
telesintelligence.com
geles
orange county
nando
san gabriel Rolling Hills Estates
Torrance
San Pedro
September 2012 : Micro Market Report
South Bay Macro Market DATA *
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$736,625
$1,012,492
37.5%
Average Price per Square Foot ...........................
$374
$450
20.4%
Properties Sold .......................................................
142
169
19.0%
Properties Pending Sale .......................................
142
171
20.4%
Properties For Sale ................................................
999
589
-41.0%
Days on Market (Pending Sale) ...........................
83
53
-35.5%
Month’s Supply of Inventory ................................
7.0
3.5
-50.5%
Percent Under Contract ........................................
14.2%
29.0%
104.2%
Average Median Price for Last 12 Months ........
$1,182,375
$1,205,167
1.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$737
S A L E S
$1.012
(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
Manhattan Beach DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$1,150,000
$1,407,500
22.4%
Average Price per Square Foot ...........................
$551
$709
28.7%
Properties Sold .......................................................
25
18
-28.0%
Properties Pending Sale .......................................
21
21
0.0%
Properties For Sale ................................................
140
83
-40.7%
Days on Market (Pending Sale) ...........................
126
92
-27.0%
Month’s Supply of Inventory ................................
5.6
4.6
-17.7%
Percent Under Contract ........................................
15.0%
25.3%
68.7%
Average Median Price for Last 12 Months ........
$1,428,000
$1,521,038
6.5%
*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)
$1.408
P R I C E
yearly trend
M E D I A N
$1.150
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**
$1,521,038 PROPERTIES FOR SALE
83 DAYS ON MARKET**
74 shadow inventory
24 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
Palos Verdes DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$1,125,000
$1,535,000
36.4%
Average Price per Square Foot ...........................
$499
$553
10.8%
Properties Sold .......................................................
9
10
11.1%
Properties Pending Sale .......................................
10
13
30.0%
Properties For Sale ................................................
104
53
-49.0%
Days on Market (Pending Sale) ...........................
118
111
-5.9%
Month’s Supply of Inventory ................................
11.6
5.3
-54.1%
Percent Under Contract ........................................
9.6%
24.5%
155.1%
Average Median Price for Last 12 Months ........
$1,471,000
$1,416,577
-3.7%
*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)
$1.535
P R I C E
yearly trend
M E D I A N
$1.125
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**
$1,416,577 PROPERTIES FOR SALE
53 DAYS ON MARKET**
104 shadow inventory
20 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
Rancho Palos Verdes DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$972,500
$971,500
-0.1%
Average Price per Square Foot ...........................
$487
$416
-14.6%
Properties Sold .......................................................
22
38
72.7%
Properties Pending Sale .......................................
22
35
59.1%
Properties For Sale ................................................
179
128
-28.5%
Days on Market (Pending Sale) ...........................
131
60
-54.2%
Month’s Supply of Inventory ................................
8.1
3.4
-58.6%
Percent Under Contract ........................................
12.3%
27.3%
122.5%
Average Median Price for Last 12 Months ........
$944,000
$954,769
1.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$972
M E D I A N
S A L E S
(in hundred thousands)
$973
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**
$954,769 PROPERTIES FOR SALE
128 DAYS ON MARKET**
100 shadow inventory
91 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
Redondo Beach DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$717,000
$727,500
1.5%
Average Price per Square Foot ...........................
$458
$516
12.7%
Properties Sold .......................................................
31
32
3.2%
Properties Pending Sale .......................................
21
29
38.1%
Properties For Sale ................................................
129
78
-39.5%
Days on Market (Pending Sale) ...........................
68
35
-48.5%
Month’s Supply of Inventory ................................
4.2
2.4
-41.4%
Percent Under Contract ........................................
16.3%
37.2%
128.4%
Average Median Price for Last 12 Months ........
$713,000
$723,689
1.5%
*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)
$728
$717
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**
$723,689 PROPERTIES FOR SALE
78 DAYS ON MARKET**
70 shadow inventory
82 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
Rolling Hills DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$0
$2,125,000
N/A
Average Price per Square Foot ...........................
$0
$772
N/A
Properties Sold .......................................................
0
2
N/A
Properties Pending Sale .......................................
0
2
N/A
Properties For Sale ................................................
26
24
-7.7%
Days on Market (Pending Sale) ...........................
0
14
N/A
Month’s Supply of Inventory ................................
N/A
12.0
N/A
Percent Under Contract ........................................
0.0%
8.3%
N/A
Average Median Price for Last 12 Months ........
$2,746,000
$2,959,000
7.8%
*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.
$2.125
$0 SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
M E D I A N
S A L E S
(in hundred thousands)
P R I C E
yearly trend
telesintelligence.com
the numbers median sales price**
$2,959,000 PROPERTIES FOR SALE
24 DAYS ON MARKET**
112 shadow inventory
23 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
Rolling Hills Estates DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$1,055,000
$1,310,000
24.2%
Average Price per Square Foot ...........................
$395
$447
13.2%
Properties Sold .......................................................
5
3
-40.0%
Properties Pending Sale .......................................
5
9
80.0%
Properties For Sale ................................................
47
36
-23.4%
Days on Market (Pending Sale) ...........................
73
69
-5.5%
Month’s Supply of Inventory ................................
9.4
12.0
27.7%
Percent Under Contract ........................................
10.6%
25.0%
135.0%
Average Median Price for Last 12 Months ........
$1,159,000
$1,114,465
-3.8%
*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 M E D I A N
$1.055
(in hundred thousands)
$1.310
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**
$1,114,465 PROPERTIES FOR SALE
36 DAYS ON MARKET**
84 shadow inventory
11 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
San Pedro DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$375,000
$475,932
26.9%
Average Price per Square Foot ...........................
$280
$292
4.3%
Properties Sold .......................................................
15
28
86.7%
Properties Pending Sale .......................................
26
18
-30.8%
Properties For Sale ................................................
164
80
-51.2%
Days on Market (Pending Sale) ...........................
77
57
-26.0%
Month’s Supply of Inventory ................................
10.9
2.9
-73.9%
Percent Under Contract ........................................
15.9%
22.5%
41.9%
Average Median Price for Last 12 Months ........
$443,000
$419,106
-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.
$476
M E D I A N
S A L E S
(in hundred thousands)
$375
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**
$419,106 PROPERTIES FOR SALE
80 DAYS ON MARKET**
86 shadow inventory
160 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
Torrance DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$498,500
$560,000
12.3%
Average Price per Square Foot ...........................
$320
$344
7.5%
Properties Sold .......................................................
35
38
8.6%
Properties Pending Sale .......................................
37
44
18.9%
Properties For Sale ................................................
210
107
-49.0%
Days on Market (Pending Sale) ...........................
69
42
-39.1%
Month’s Supply of Inventory ................................
6.0
2.8
-53.1%
Percent Under Contract ........................................
17.6%
41.1%
133.4%
Average Median Price for Last 12 Months ........
$555,000
$532,692
-4.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$560
$499
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**
$532,692 PROPERTIES FOR SALE
107 DAYS ON MARKET**
63 shadow inventory
258 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
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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.