Teles intelligence
micro market report los angeles September 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 : September 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
September 2013 : Micro Market Report
Los Angeles County DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$640,000
$853,500
33.4%
Average Price per Square Foot ...........................
$519
$542
4.4%
Properties Sold .......................................................
752
706
-6.1%
Properties Pending Sale .......................................
697
751
7.7%
Properties For Sale ................................................
3,914
3,764
-3.8%
Days on Market (Pending Sale) ...........................
75
49
-34.7%
Month’s Supply of Inventory ................................
5.2
5.3
2.4%
Percent Under Contract ........................................
17.8%
20.0%
12.0%
Average Median Price for Last 12 Months ........
$582,000
$756,000
23.0%
*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)
$853
P R I C E
yearly trend
M E D I A N
S A L E S
$640
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Bel-Air Holmby Hills DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$1,500,000
$1,787,500
19.2%
Average Price per Square Foot ...........................
$742
$1,366
84.1%
Properties Sold .......................................................
15
6
-60.0%
Properties Pending Sale .......................................
9
17
88.9%
Properties For Sale ................................................
136
129
-5.1%
Days on Market (Pending Sale) ...........................
108
61
-43.5%
Month’s Supply of Inventory ................................
9.1
21.5
137.1%
Percent Under Contract ........................................
6.6%
10.1%
52.2%
Average Median Price for Last 12 Months ........
$1,781,000
$1,913,238
6.9%
*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
$1.500
S A L E S
$1.787
(in hundred thousands)
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$1,913,238
PROPERTIES FOR SALE
129
DAYS ON MARKET**
94
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
September 2013 : Micro Market Report
Beverly Center - Miracle Mile DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$1,075,000
$1,129,444
5.1%
Average Price per Square Foot ...........................
$567
$596
5.1%
Properties Sold .......................................................
15
16
6.7%
Properties Pending Sale .......................................
13
13
0.0%
Properties For Sale ................................................
56
44
-21.4%
Days on Market (Pending Sale) ...........................
103
36
-65.0%
Month’s Supply of Inventory ................................
3.7
2.8
-26.3%
Percent Under Contract ........................................
23.2%
29.5%
27.3%
Average Median Price for Last 12 Months ........
$907,000
$1,094,842
17.2%
*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.
$1.129
M E D I A N
S A L E S
(in hundred thousands)
$1.075
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$1,094,842
PROPERTIES FOR SALE
44
DAYS ON MARKET**
52
shadow inventory
9
(9.0)
**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
September 2013 : Micro Market Report
Beverly Hills DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$3,984,531
$4,120,000
3.4%
Average Price per Square Foot ...........................
$1,016
$893
-12.1%
Properties Sold .......................................................
14
13
-7.1%
Properties Pending Sale .......................................
18
8
-55.6%
Properties For Sale ................................................
134
111
-17.2%
Days on Market (Pending Sale) ...........................
88
58
-34.1%
Month’s Supply of Inventory ................................
9.6
8.5
-10.8%
Percent Under Contract ........................................
13.4%
7.2%
-46.3%
Average Median Price for Last 12 Months ........
$3,586,000
$4,292,925
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.
M E D I A N
S A L E S
$4.120
$3.984
(in hundred thousands)
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$4,292,925
PROPERTIES FOR SALE
111
DAYS ON MARKET**
85
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
September 2013 : Micro Market Report
Beverly Hills- Post Office DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$1,672,500
$1,700,000
1.6%
Average Price per Square Foot ...........................
$572
$751
31.3%
Properties Sold .......................................................
15
16
6.7%
Properties Pending Sale .......................................
13
16
23.1%
Properties For Sale ................................................
123
135
9.8%
Days on Market (Pending Sale) ...........................
108
68
-37.0%
Month’s Supply of Inventory ................................
8.2
8.4
2.9%
Percent Under Contract ........................................
10.6%
11.9%
12.1%
Average Median Price for Last 12 Months ........
$1,945,000
$1,969,107
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
S A L E S
$1.700
$1.672
(in hundred thousands)
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$1,969,107
PROPERTIES FOR SALE
135
DAYS ON MARKET**
79
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
September 2013 : Micro Market Report
Beverlywood DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$752,500
$1,095,000
45.5%
Average Price per Square Foot ...........................
$412
$575
39.6%
Properties Sold .......................................................
14
12
-14.3%
Properties Pending Sale .......................................
6
15
150.0%
Properties For Sale ................................................
41
51
24.4%
Days on Market (Pending Sale) ...........................
61
52
-14.8%
Month’s Supply of Inventory ................................
2.9
4.2
45.1%
Percent Under Contract ........................................
14.6%
29.4%
101.0%
Average Median Price for Last 12 Months ........
$762,000
$812,524
6.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
(in hundred thousands)
$1.095
P R I C E
yearly trend
M E D I A N
S A L E S
$752
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$812,524
PROPERTIES FOR SALE
51
DAYS ON MARKET**
52
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
September 2013 : Micro Market Report
Brentwood DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$1,780,483
$2,180,000
22.4%
Average Price per Square Foot ...........................
$707
$812
14.9%
Properties Sold .......................................................
17
14
-17.6%
Properties Pending Sale .......................................
16
13
-18.8%
Properties For Sale ................................................
122
108
-11.5%
Days on Market (Pending Sale) ...........................
92
50
-45.7%
Month’s Supply of Inventory ................................
7.2
7.7
7.5%
Percent Under Contract ........................................
13.1%
12.0%
-8.2%
Average Median Price for Last 12 Months ........
$1,834,000
$2,154,927
14.9%
*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
(in hundred thousands)
$2.180
P R I C E
yearly trend
M E D I A N
$1.780
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$2,154,927
PROPERTIES FOR SALE
108
DAYS ON MARKET**
67
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
September 2013 : Micro Market Report
Cheviot Hills - Rancho Park DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$1,162,500
$1,211,000
4.2%
Average Price per Square Foot ...........................
$508
$648
27.6%
Properties Sold .......................................................
2
9
350.0%
Properties Pending Sale .......................................
3
8
166.7%
Properties For Sale ................................................
18
14
-22.2%
Days on Market (Pending Sale) ...........................
59
41
-30.5%
Month’s Supply of Inventory ................................
9
1.6
-82.7%
Percent Under Contract ........................................
16.7%
57.1%
242.9%
Average Median Price for Last 12 Months ........
$1,313,000
$1,335,308
1.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.211
$1.162
(in hundred thousands)
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$1,335,308
PROPERTIES FOR SALE
14
DAYS ON MARKET**
42
shadow inventory
17
(17.0)
**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
September 2013 : Micro Market Report
Culver City DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$648,000
$757,250
16.9%
Average Price per Square Foot ...........................
$464
$551
18.8%
Properties Sold .......................................................
19
18
-5.3%
Properties Pending Sale .......................................
11
12
9.1%
Properties For Sale ................................................
52
45
-13.5%
Days on Market (Pending Sale) ...........................
71
51
-28.2%
Month’s Supply of Inventory ................................
2.7
2.5
-8.7%
Percent Under Contract ........................................
21.2%
26.7%
26.1%
Average Median Price for Last 12 Months ........
$644,000
$745,755
13.6%
*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.
$757
M E D I A N
S A L E S
(in hundred thousands)
$648
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$745,755
PROPERTIES FOR SALE
45
DAYS ON MARKET**
45
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
September 2013 : Micro Market Report
Hancock Park - Wilshire DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$862,500
$1,153,125
33.7%
Average Price per Square Foot ...........................
$441
$557
26.3%
Properties Sold .......................................................
20
22
10.0%
Properties Pending Sale .......................................
25
30
20.0%
Properties For Sale ................................................
91
113
24.2%
Days on Market (Pending Sale) ...........................
77
41
-46.8%
Month’s Supply of Inventory ................................
4.6
5.1
12.9%
Percent Under Contract ........................................
27.5%
26.5%
-3.4%
Average Median Price for Last 12 Months ........
$906,000
$1,118,361
19.0%
*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.
S A L E S M E D I A N
$862
(in hundred thousands)
$1.153
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$1,118,361
PROPERTIES FOR SALE
113
DAYS ON MARKET**
59
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
September 2013 : Micro Market Report
Hollywood DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$664,500
$670,000
0.8%
Average Price per Square Foot ...........................
$395
$460
16.5%
Properties Sold .......................................................
2
3
50.0%
Properties Pending Sale .......................................
7
6
-14.3%
Properties For Sale ................................................
17
26
52.9%
Days on Market (Pending Sale) ...........................
38
47
23.7%
Month’s Supply of Inventory ................................
8.5
8.7
2.0%
Percent Under Contract ........................................
41.2%
23.1%
-44.0%
Average Median Price for Last 12 Months ........
$481,000
$701,538
31.4%
*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
$670
$664
(in hundred thousands)
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$701,538
PROPERTIES FOR SALE
26
DAYS ON MARKET**
37
shadow inventory
32
(32.0)
**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
September 2013 : Micro Market Report
Hollywood Hills East DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$1,005,000
$1,095,000
9.0%
Average Price per Square Foot ...........................
$456
$498
9.2%
Properties Sold .......................................................
8
13
62.5%
Properties Pending Sale .......................................
14
14
0.0%
Properties For Sale ................................................
74
65
-12.2%
Days on Market (Pending Sale) ...........................
83
68
-18.1%
Month’s Supply of Inventory ................................
5.3
5
-5.4%
Percent Under Contract ........................................
18.9%
21.5%
13.8%
Average Median Price for Last 12 Months ........
$916,000
$988,431
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.
$1.095
M E D I A N
S A L E S
(in hundred thousands)
$1.005
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$988,431
PROPERTIES FOR SALE
65
DAYS ON MARKET**
64
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
September 2013 : Micro Market Report
Laurel Canyon DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$880,000
$1,358,750
54.4%
Average Price per Square Foot ...........................
$508
$616
21.3%
Properties Sold .......................................................
7
14
100.0%
Properties Pending Sale .......................................
23
22
-4.3%
Properties For Sale ................................................
145
141
-2.8%
Days on Market (Pending Sale) ...........................
70
42
-40.0%
Month’s Supply of Inventory ................................
6.3
10.1
59.8%
Percent Under Contract ........................................
15.9%
15.6%
-1.6%
Average Median Price for Last 12 Months ........
$1,042,000
$1,182,782
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.
S A L E S
(in hundred thousands)
$1.358
P R I C E
yearly trend
M E D I A N
$880
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$1,182,782
PROPERTIES FOR SALE
141
DAYS ON MARKET**
62
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
September 2013 : Micro Market Report
Los Feliz DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$989,500
$1,410,000
42.5%
Average Price per Square Foot ...........................
$504
$538
6.7%
Properties Sold .......................................................
18
13
-27.8%
Properties Pending Sale .......................................
17
8
-52.9%
Properties For Sale ................................................
84
45
-46.4%
Days on Market (Pending Sale) ...........................
59
18
-69.5%
Month’s Supply of Inventory ................................
4.9
3.5
-29.9%
Percent Under Contract ........................................
20.2%
17.8%
-12.2%
Average Median Price for Last 12 Months ........
$1,071,000
$1,091,171
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.
(in hundred thousands)
$1.410
P R I C E
yearly trend
M E D I A N
S A L E S
$989
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$1,091,171
PROPERTIES FOR SALE
45
DAYS ON MARKET**
52
shadow inventory
18
(18.0)
**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
September 2013 : Micro Market Report
Malibu DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$2,151,228
$1,650,000
-23.3%
Average Price per Square Foot ...........................
$705
$699
-0.9%
Properties Sold .......................................................
16
17
6.2%
Properties Pending Sale .......................................
19
20
5.3%
Properties For Sale ................................................
209
223
6.7%
Days on Market (Pending Sale) ...........................
126
166
31.7%
Month’s Supply of Inventory ................................
13.1
13.1
0.4%
Percent Under Contract ........................................
9.1%
9.0%
-1.3%
Average Median Price for Last 12 Months ........
$1,809,000
$1,888,308
4.2%
*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
$1.650
S A L E S
$2.151
(in hundred thousands)
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$1,888,308
PROPERTIES FOR SALE
223
DAYS ON MARKET**
142
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
September 2013 : Micro Market Report
Malibu Beach DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$6,500,000
$5,353,750
-17.6%
Average Price per Square Foot ...........................
$2,326
$2,646
13.8%
Properties Sold .......................................................
7
2
-71.4%
Properties Pending Sale .......................................
4
3
-25.0%
Properties For Sale ................................................
96
80
-16.7%
Days on Market (Pending Sale) ...........................
116
92
-20.7%
Month’s Supply of Inventory ................................
13.7
40
191.7%
Percent Under Contract ........................................
4.2%
3.8%
-10.0%
Average Median Price for Last 12 Months ........
$6,082,000
$5,521,534
-10.2%
*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
$5.353
S A L E S
$6.500
(in hundred thousands)
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$5,521,534
PROPERTIES FOR SALE
80
DAYS ON MARKET**
171
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
September 2013 : Micro Market Report
Marina Del Rey DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$1,494,500
$976,000
-34.7%
Average Price per Square Foot ...........................
$532
$522
-1.9%
Properties Sold .......................................................
3
1
-66.7%
Properties Pending Sale .......................................
3
3
0.0%
Properties For Sale ................................................
24
22
-8.3%
Days on Market (Pending Sale) ...........................
72
41
-43.1%
Month’s Supply of Inventory ................................
8
22
175.0%
Percent Under Contract ........................................
12.5%
13.6%
9.1%
Average Median Price for Last 12 Months ........
$1,254,000
$1,539,187
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.
M E D I A N
$976
S A L E S
$1.494
(in hundred thousands)
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$1,539,187
PROPERTIES FOR SALE
22
DAYS ON MARKET**
68
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
September 2013 : Micro Market Report
Mid Los Angeles DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$310,000
$465,000
50.0%
Average Price per Square Foot ...........................
$190
$322
69.5%
Properties Sold .......................................................
11
14
27.3%
Properties Pending Sale .......................................
17
19
11.8%
Properties For Sale ................................................
56
86
53.6%
Days on Market (Pending Sale) ...........................
62
53
-14.5%
Month’s Supply of Inventory ................................
5.1
6.1
20.7%
Percent Under Contract ........................................
30.4%
22.1%
-27.2%
Average Median Price for Last 12 Months ........
$297,000
$405,877
26.8%
*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
$310
S A L E S
$465
(in hundred thousands)
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$405,877
PROPERTIES FOR SALE
86
DAYS ON MARKET**
41
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
September 2013 : Micro Market Report
Mid Wilshire DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$436,950
$525,000
20.2%
Average Price per Square Foot ...........................
$257
$348
35.4%
Properties Sold .......................................................
4
3
-25.0%
Properties Pending Sale .......................................
3
4
33.3%
Properties For Sale ................................................
13
21
61.5%
Days on Market (Pending Sale) ...........................
64
22
-65.6%
Month’s Supply of Inventory ................................
3.2
7
115.4%
Percent Under Contract ........................................
23.1%
19.0%
-17.5%
Average Median Price for Last 12 Months ........
$392,000
$452,392
13.3%
*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.
$525
M E D I A N
S A L E S
(in hundred thousands)
$436
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$452,392
PROPERTIES FOR SALE
21
DAYS ON MARKET**
37
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
September 2013 : Micro Market Report
Pacific Palisades DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$2,300,000
$2,380,000
3.5%
Average Price per Square Foot ...........................
$812
$730
-10.1%
Properties Sold .......................................................
25
26
4.0%
Properties Pending Sale .......................................
19
13
-31.6%
Properties For Sale ................................................
147
105
-28.6%
Days on Market (Pending Sale) ...........................
65
61
-6.2%
Month’s Supply of Inventory ................................
5.9
4
-31.3%
Percent Under Contract ........................................
12.9%
12.4%
-4.2%
Average Median Price for Last 12 Months ........
$1,900,000
$2,201,168
13.7%
*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.
$2.380
M E D I A N
S A L E S
(in hundred thousands)
$2.300
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$2,201,168
PROPERTIES FOR SALE
105
DAYS ON MARKET**
73
shadow inventory
17
(17.0)
**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
September 2013 : Micro Market Report
Palms - Mar Vista DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$765,000
$905,000
18.3%
Average Price per Square Foot ...........................
$521
$537
3.1%
Properties Sold .......................................................
37
23
-37.8%
Properties Pending Sale .......................................
27
25
-7.4%
Properties For Sale ................................................
78
80
2.6%
Days on Market (Pending Sale) ...........................
39
21
-46.2%
Month’s Supply of Inventory ................................
2.1
3.5
65.0%
Percent Under Contract ........................................
34.6%
31.2%
-9.7%
Average Median Price for Last 12 Months ........
$751,000
$854,325
12.1%
*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.
$905
M E D I A N
S A L E S
(in hundred thousands)
$765
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$854,325
PROPERTIES FOR SALE
80
DAYS ON MARKET**
38
shadow inventory
45
(45.0)
**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
September 2013 : Micro Market Report
Playa Del Rey DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$1,100,000
$1,352,000
22.9%
Average Price per Square Foot ...........................
$313
$497
58.8%
Properties Sold .......................................................
2
3
50.0%
Properties Pending Sale .......................................
1
3
200.0%
Properties For Sale ................................................
13
17
30.8%
Days on Market (Pending Sale) ...........................
12
103
758.3%
Month’s Supply of Inventory ................................
6.5
5.7
-12.8%
Percent Under Contract ........................................
7.7%
17.6%
129.4%
Average Median Price for Last 12 Months ........
$886,000
$1,185,000
25.2%
*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)
$1.352
P R I C E
yearly trend
M E D I A N
S A L E S
$1.100
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$1,185,000
PROPERTIES FOR SALE
17
DAYS ON MARKET**
71
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
September 2013 : Micro Market Report
Playa Vista DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$890,000
$1,192,500
34.0%
Average Price per Square Foot ...........................
$375
$459
22.4%
Properties Sold .......................................................
1
2
100.0%
Properties Pending Sale .......................................
0
0
%
Properties For Sale ................................................
2
5
150.0%
Days on Market (Pending Sale) ...........................
0
0
%
Month’s Supply of Inventory ................................
2
2.5
25.0%
Percent Under Contract ........................................
0.0%
0.0%
%
Average Median Price for Last 12 Months ........
$1,023,000
$1,173,286
12.8%
*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)
$1.192
P R I C E
yearly trend
M E D I A N
$890
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$1,173,286
PROPERTIES FOR SALE
5
DAYS ON MARKET**
46
shadow inventory
0
(0.0)
**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
September 2013 : Micro Market Report
Santa Monica DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$2,211,250
$2,187,500
-1.1%
Average Price per Square Foot ...........................
$734
$955
30.1%
Properties Sold .......................................................
24
16
-33.3%
Properties Pending Sale .......................................
15
24
60.0%
Properties For Sale ................................................
99
99
0.0%
Days on Market (Pending Sale) ...........................
57
34
-40.4%
Month’s Supply of Inventory ................................
4.1
6.2
50.0%
Percent Under Contract ........................................
15.2%
24.2%
60.0%
Average Median Price for Last 12 Months ........
$1,793,000
$2,021,248
11.3%
*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.
M E D I A N
S A L E S
$2.187
(in hundred thousands)
$2.211
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$2,021,248
PROPERTIES FOR SALE
99
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
September 2013 : Micro Market Report
Sunset Strip - Hollywood Hills West DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$1,185,000
$1,492,500
25.9%
Average Price per Square Foot ...........................
$712
$710
-0.3%
Properties Sold .......................................................
20
28
40.0%
Properties Pending Sale .......................................
31
36
16.1%
Properties For Sale ................................................
263
271
3.0%
Days on Market (Pending Sale) ...........................
94
48
-48.9%
Month’s Supply of Inventory ................................
13.2
9.7
-26.4%
Percent Under Contract ........................................
11.8%
13.3%
12.7%
Average Median Price for Last 12 Months ........
$1,292,000
$1,456,002
11.3%
*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)
$1.492
P R I C E
yearly trend
M E D I A N
$1.185
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$1,456,002
PROPERTIES FOR SALE
271
DAYS ON MARKET**
69
shadow inventory
23
(23.0)
**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
September 2013 : Micro Market Report
Venice DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$1,230,000
$1,405,000
14.2%
Average Price per Square Foot ...........................
$725
$892
23.0%
Properties Sold .......................................................
17
21
23.5%
Properties Pending Sale .......................................
15
23
53.3%
Properties For Sale ................................................
71
76
7.0%
Days on Market (Pending Sale) ...........................
65
79
21.5%
Month’s Supply of Inventory ................................
4.2
3.6
-13.3%
Percent Under Contract ........................................
21.1%
30.3%
43.2%
Average Median Price for Last 12 Months ........
$1,086,000
$1,333,437
22.8%
*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.
$1.405
M E D I A N
S A L E S
(in hundred thousands)
$1.230
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$1,333,437
PROPERTIES FOR SALE
76
DAYS ON MARKET**
59
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
September 2013 : Micro Market Report
West Hollywood DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$1,115,000
$1,187,500
6.5%
Average Price per Square Foot ...........................
$623
$659
5.8%
Properties Sold .......................................................
10
4
-60.0%
Properties Pending Sale .......................................
11
6
-45.5%
Properties For Sale ................................................
43
53
23.3%
Days on Market (Pending Sale) ...........................
81
45
-44.4%
Month’s Supply of Inventory ................................
4.3
13.2
208.1%
Percent Under Contract ........................................
25.6%
11.3%
-55.7%
Average Median Price for Last 12 Months ........
$962,000
$1,156,942
16.8%
*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
$1.187
$1.115
(in hundred thousands)
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$1,156,942
PROPERTIES FOR SALE
53
DAYS ON MARKET**
58
shadow inventory
6
(6.0)
**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
September 2013 : Micro Market Report
West Los Angeles DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$667,732
$775,650
16.2%
Average Price per Square Foot ...........................
$465
$572
23.0%
Properties Sold .......................................................
4
9
125.0%
Properties Pending Sale .......................................
2
9
350.0%
Properties For Sale ................................................
18
31
72.2%
Days on Market (Pending Sale) ...........................
38
42
10.5%
Month’s Supply of Inventory ................................
4.5
3.4
-23.5%
Percent Under Contract ........................................
11.1%
29.0%
161.3%
Average Median Price for Last 12 Months ........
$459,000
$740,120
61.2%
*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)
$775
P R I C E
yearly trend
M E D I A N
S A L E S
$667
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$740,120
PROPERTIES FOR SALE
31
DAYS ON MARKET**
39
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
September 2013 : Micro Market Report
Westchester DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$666,000
$765,000
14.9%
Average Price per Square Foot ...........................
$422
$495
17.3%
Properties Sold .......................................................
22
28
27.3%
Properties Pending Sale .......................................
24
21
-12.5%
Properties For Sale ................................................
62
49
-21.0%
Days on Market (Pending Sale) ...........................
58
31
-46.6%
Month’s Supply of Inventory ................................
2.8
1.8
-37.9%
Percent Under Contract ........................................
38.7%
42.9%
10.7%
Average Median Price for Last 12 Months ........
$627,000
$721,154
15.0%
*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.
$765
M E D I A N
S A L E S
(in hundred thousands)
$666
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$721,154
PROPERTIES FOR SALE
49
DAYS ON MARKET**
38
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
September 2013 : Micro Market Report
Westwood - Century City DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$1,250,000
$1,567,500
25.4%
Average Price per Square Foot ...........................
$697
$680
-2.4%
Properties Sold .......................................................
11
12
9.1%
Properties Pending Sale .......................................
17
11
-35.3%
Properties For Sale ................................................
54
58
7.4%
Days on Market (Pending Sale) ...........................
62
33
-46.8%
Month’s Supply of Inventory ................................
4.9
4.8
-1.5%
Percent Under Contract ........................................
31.5%
19.0%
-39.8%
Average Median Price for Last 12 Months ........
$1,288,000
$1,411,523
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.
S A L E S
(in hundred thousands)
$1.567
P R I C E
yearly trend
M E D I A N
$1.250
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$1,411,523
PROPERTIES FOR SALE
58
DAYS ON MARKET**
37
shadow inventory
9
(9.0)
**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
September 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 September 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.