micro market report luxury real estate market research April 2016 | LOS ANGELES, ORANGE, SANTA BARBARA, MONTEREY, SAN DIEGO
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.
Get the full lending experience at rivierafinancial.com or contact a loan professional by calling 424.203.1850
r i v i e r a f i n a n c i a l . c o m 4 Locations to Serve You | Beverly Hills, Brentwood, Newport Beach & Pasadena Riviera Financial dba Mortgage Capital Partners, Inc. NMLS#239902 California Real Estate #00931610
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:
The number of properties that entered escrow in preparation for sale. PROPERTIES FOR SALE:
The number of properties on the market and seeking buyers.
ending in the identified month.
Los Angeles County
Los Angeles County Macro
Mid Los Angeles
Palos Verdes Estates
North Hollywood
Bel Air - Holmby Hills
Mid Wilshire
Rancho Palos Verdes
Shadow Hills
Beverly Center - Miracle Mile
Pacific Palisades
Redondo Beach - North
Sherman Oaks
Beverly Hills
Palms - Mar Vista
Redondo Beach - South
Studio City
Beverly Hills P.O.
Playa del Rey
Rolling Hills
Sun Valley
Beverlywood
Playa Vista
Rolling Hills Estates
Sunland - Tujunga
Brentwood
Santa Monica
San Pedro
Tarzana
Cheviot Hills - Rancho Park
Sunset Strip - Hollywood Hills West
Torrance - County Strip
Toluca Lake
Culver City
Venice
Torrance - North
Valley Village
Hancock Park - Wilshire
West Hollywood
Torrance - Southeast
Woodland Hills
Hollywood
West Los Angeles
Torrance - South
San Gabriel Valley Macro
Hollywood Hills East
Westchester
Torrance - West
Altadena
Laurel Canyon
Westwood - Century City
San Fernando Macro
Arcadia
Los Feliz
South Bay Macro
Burbank
Duarte
Malibu
El Segundo
Encino
Eagle Rock
Malibu Beach
Hermosa Beach
Glendale
La Canada Flintridge
Marina del Rey
Manhattan Beach
La Crescenta
Monrovia
Micro Market Report : April 2016
telesproperties.com
County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850
Pasadena San Gabriel San Marino Sierra Madre South Pasadena
Micro Market Report : April 2016
telesproperties.com
Los Angeles County DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$535,000
$539,000
$537,000
$575,000
7.5%
Average Price per Square Foot ...........................
$422
$423
$424
$443
5.0%
Properties Sold .......................................................
4470
4237
3061
4251
-4.9%
Properties Pending Sale .......................................
5531
4821
3512
5160
-6.7%
Properties For Sale ................................................
18,014
19,144
15,312
17,601
-2.3%
Days on Market (Pending Sale) ...........................
50
48
54
40
-20.0%
Month’s Supply of Inventory ................................
4
4.5
5
4.1
2.7%
Percent Under Contract ........................................
30.7%
25.2%
22.9%
29.3%
-4.5%
Average Median Price for Last 12 Months ........
$523,564
$548,625
$559,250
$546,517
4.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$535
MAY
$575,000
JUN JUL
MEDIAN SALES PRICE
AUG
$443
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$575 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Bel-Air Holmby Hills DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$2,377,500
$1,800,000
$2,300,000
$1,840,000
-22.6%
Average Price per Square Foot ...........................
$1,845
$801
$873
$940
-49.1%
Properties Sold .......................................................
10
15
9
16
60.0%
Properties Pending Sale .......................................
19
15
8
21
10.5%
Properties For Sale ................................................
118
126
102
147
24.6%
Days on Market (Pending Sale) ...........................
42
59
48
92
119.0%
Month’s Supply of Inventory ................................
11.8
8.4
11.3
9.2
-22.1%
Percent Under Contract ........................................
16.1%
11.9%
7.8%
14.3%
-11.3%
Average Median Price for Last 12 Months ........
$2,232,221
$2,302,333
$2,033,167
$2,223,096
-0.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$2.377
MAY
$1,840,000
JUN JUL
MEDIAN SALES PRICE
AUG
$940
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
9.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.840 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Beverly Center - Miracle Mile DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,470,000
$1,517,500
$1,580,000
$1,590,000
8.2%
Average Price per Square Foot ...........................
$637
$753
$685
$743
16.6%
Properties Sold .......................................................
21
12
11
19
-9.5%
Properties Pending Sale .......................................
19
18
12
16
-15.8%
Properties For Sale ................................................
71
76
74
77
8.5%
Days on Market (Pending Sale) ...........................
26
59
47
44
69.2%
Month’s Supply of Inventory ................................
3.4
6.3
6.7
4.1
19.9%
Percent Under Contract ........................................
26.8%
23.7%
16.2%
20.8%
-22.4%
Average Median Price for Last 12 Months ........
$1,364,942
$1,466,125
$1,485,583
$1,500,788
9.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.470
MAY
$1,590,000
JUN JUL
MEDIAN SALES PRICE
AUG
$743
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.590 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Beverly Hills DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$6,150,000
$3,092,381
$4,250,000
$3,215,000
-47.7%
Average Price per Square Foot ...........................
$1,238
$1,091
$1,104
$1,209
-2.3%
Properties Sold .......................................................
20
7
13
10
-50.0%
Properties Pending Sale .......................................
14
12
9
14
0.0%
Properties For Sale ................................................
103
127
100
128
24.3%
Days on Market (Pending Sale) ...........................
47
61
77
46
-2.1%
Month’s Supply of Inventory ................................
5.2
18.1
7.7
12.8
148.5%
Percent Under Contract ........................................
13.6%
9.4%
9.0%
10.9%
-19.5%
Average Median Price for Last 12 Months ........
$4,476,563
$4,755,333
$4,678,333
$4,964,952
9.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $6.150
APR MAY
$3,215,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,209
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
12.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$3.215 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Beverly Hills- Post Office DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$2,300,000
$2,930,000
$4,135,000
$2,575,000
12.0%
Average Price per Square Foot ...........................
$775
$1,090
$1,200
$718
-7.4%
Properties Sold .......................................................
12
18
8
11
-8.3%
Properties Pending Sale .......................................
14
17
6
14
0.0%
Properties For Sale ................................................
145
160
140
154
6.2%
Days on Market (Pending Sale) ...........................
89
67
137
75
-15.7%
Month’s Supply of Inventory ................................
12.1
8.9
17.5
14
15.9%
Percent Under Contract ........................................
9.7%
10.6%
4.3%
9.1%
-5.8%
Average Median Price for Last 12 Months ........
$2,392,333
$2,817,083
$2,421,667
$2,754,077
13.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$2.300
MAY
$2,575,000
JUN JUL
MEDIAN SALES PRICE
AUG
$718
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
14 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.575 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Beverlywood DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$960,000
$1,135,500
$1,170,000
$1,160,000
20.8%
Average Price per Square Foot ...........................
$626
$657
$667
$695
11.0%
Properties Sold .......................................................
15
14
14
17
13.3%
Properties Pending Sale .......................................
18
9
9
22
22.2%
Properties For Sale ................................................
52
68
51
75
44.2%
Days on Market (Pending Sale) ...........................
44
29
58
35
-20.5%
Month’s Supply of Inventory ................................
3.5
4.9
3.6
4.4
27.3%
Percent Under Contract ........................................
34.6%
13.2%
17.6%
29.3%
-15.3%
Average Median Price for Last 12 Months ........
$906,302
$1,100,515
$1,228,363
$1,112,661
18.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$960
MAY
$1,160,000
JUN JUL
MEDIAN SALES PRICE
AUG
$695
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.160 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Brentwood DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$3,287,500
$2,689,375
$2,208,750
$2,496,500
-24.1%
Average Price per Square Foot ...........................
$948
$1,068
$888
$1,240
30.8%
Properties Sold .......................................................
22
17
12
22
0.0%
Properties Pending Sale .......................................
24
21
10
29
20.8%
Properties For Sale ................................................
131
144
117
156
19.1%
Days on Market (Pending Sale) ...........................
55
61
45
54
-1.8%
Month’s Supply of Inventory ................................
6
8.5
9.8
7.1
19.1%
Percent Under Contract ........................................
18.3%
14.6%
8.5%
18.6%
1.5%
Average Median Price for Last 12 Months ........
$2,761,187
$2,888,792
$2,624,667
$2,870,221
3.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$3.287
MAY
$2,496,500
JUN JUL
MEDIAN SALES PRICE
AUG
$1,240
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
7.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.496 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Cheviot Hills - Rancho Park DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,475,000
$1,900,000
$1,502,833
$2,305,000
56.3%
Average Price per Square Foot ...........................
$721
$779
$739
$714
-1.0%
Properties Sold .......................................................
9
2
7
6
-33.3%
Properties Pending Sale .......................................
7
8
7
8
14.3%
Properties For Sale ................................................
31
29
32
28
-9.7%
Days on Market (Pending Sale) ...........................
40
51
80
46
15.0%
Month’s Supply of Inventory ................................
3.4
14.5
4.6
4.7
35.5%
Percent Under Contract ........................................
22.6%
27.6%
21.9%
28.6%
26.5%
Average Median Price for Last 12 Months ........
$1,549,458
$1,650,022
$1,907,500
$1,772,939
12.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.475
MAY
$2,305,000
JUN JUL
MEDIAN SALES PRICE
AUG
$714
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.305 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Culver City DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$976,000
$1,050,000
$938,000
$1,200,000
23.0%
Average Price per Square Foot ...........................
$669
$634
$589
$666
-0.4%
Properties Sold .......................................................
22
20
16
27
22.7%
Properties Pending Sale .......................................
16
21
10
27
68.8%
Properties For Sale ................................................
52
71
45
64
23.1%
Days on Market (Pending Sale) ...........................
45
67
82
22
-51.1%
Month’s Supply of Inventory ................................
2.4
3.6
2.8
2.4
0.3%
Percent Under Contract ........................................
30.8%
29.6%
22.2%
42.2%
37.1%
Average Median Price for Last 12 Months ........
$883,736
$1,061,333
$1,109,167
$1,042,846
15.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$976
MAY
$1,200,000
JUN JUL
MEDIAN SALES PRICE
AUG
$666
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.200 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Downtown DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$283,500
$301,500
$285,000
$269,625
-4.9%
Average Price per Square Foot ...........................
$240
$239
$230
$242
0.8%
Properties Sold .......................................................
8
8
11
8
0.0%
Properties Pending Sale .......................................
15
11
7
14
-6.7%
Properties For Sale ................................................
70
66
52
54
-22.9%
Days on Market (Pending Sale) ...........................
43
91
103
41
-4.7%
Month’s Supply of Inventory ................................
8.7
8.2
4.7
6.8
-22.9%
Percent Under Contract ........................................
21.4%
16.7%
13.5%
25.9%
21.0%
Average Median Price for Last 12 Months ........
$266,304
$320,336
$333,208
$303,022
12.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$283
MAY
$269,625
JUN JUL
MEDIAN SALES PRICE
AUG
$242
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
6.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$269 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Hancock Park - Wilshire DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,301,500
$1,355,000
$1,330,438
$1,480,000
13.7%
Average Price per Square Foot ...........................
$606
$686
$618
$624
3.0%
Properties Sold .......................................................
32
33
18
29
-9.4%
Properties Pending Sale .......................................
29
29
17
27
-6.9%
Properties For Sale ................................................
138
149
111
112
-18.8%
Days on Market (Pending Sale) ...........................
46
58
54
43
-6.5%
Month’s Supply of Inventory ................................
4.3
4.5
6.2
3.9
-10.4%
Percent Under Contract ........................................
21.0%
19.5%
15.3%
24.1%
14.7%
Average Median Price for Last 12 Months ........
$1,268,938
$1,500,073
$1,581,667
$1,430,918
11.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.301
MAY
$1,480,000
JUN JUL
MEDIAN SALES PRICE
AUG
$624
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.480 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Hollywood DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$730,000
$799,900
$1,005,000
$2,300,000
215.1%
Average Price per Square Foot ...........................
$542
$660
$568
$769
41.9%
Properties Sold .......................................................
7
5
5
3
-57.1%
Properties Pending Sale .......................................
10
4
11
9
-10.0%
Properties For Sale ................................................
50
51
45
40
-20.0%
Days on Market (Pending Sale) ...........................
71
97
60
36
-49.3%
Month’s Supply of Inventory ................................
7.1
10.2
9
13.3
86.7%
Percent Under Contract ........................................
20.0%
7.8%
24.4%
22.5%
12.5%
Average Median Price for Last 12 Months ........
$841,977
$1,126,825
$1,339,667
$952,362
11.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$730
MAY
$2,300,000
JUN JUL
MEDIAN SALES PRICE
AUG
$769
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
13.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.300 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Hollywood Hills East DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,249,500
$1,223,000
$1,120,000
$1,375,582
10.1%
Average Price per Square Foot ...........................
$560
$540
$590
$669
19.5%
Properties Sold .......................................................
15
14
12
10
-33.3%
Properties Pending Sale .......................................
10
11
11
16
60.0%
Properties For Sale ................................................
69
81
57
70
1.4%
Days on Market (Pending Sale) ...........................
34
68
56
53
55.9%
Month’s Supply of Inventory ................................
6.9
7.4
5.2
7
1.4%
Percent Under Contract ........................................
14.5%
13.6%
19.3%
22.9%
57.7%
Average Median Price for Last 12 Months ........
$1,141,399
$1,233,201
$1,249,361
$1,240,977
8.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.249
MAY
$1,375,582
JUN JUL
MEDIAN SALES PRICE
AUG
$669
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.375 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Laurel Canyon DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,800,000
$1,550,000
$1,331,055
$1,312,500
-27.1%
Average Price per Square Foot ...........................
$749
$774
$720
$759
1.3%
Properties Sold .......................................................
19
23
17
18
-5.3%
Properties Pending Sale .......................................
32
37
14
28
-12.5%
Properties For Sale ................................................
138
167
125
146
5.8%
Days on Market (Pending Sale) ...........................
51
40
49
35
-31.4%
Month’s Supply of Inventory ................................
4.3
4.5
8.9
5.2
20.9%
Percent Under Contract ........................................
23.2%
22.2%
11.2%
19.2%
-17.3%
Average Median Price for Last 12 Months ........
$1,422,475
$1,457,343
$1,515,833
$1,476,672
3.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.800
APR MAY
$1,312,500
JUN JUL
MEDIAN SALES PRICE
AUG
$759
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.312 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Los Feliz DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,037,500
$1,998,700
$1,329,000
$1,575,000
51.8%
Average Price per Square Foot ...........................
$604
$770
$655
$618
2.3%
Properties Sold .......................................................
22
12
15
17
-22.7%
Properties Pending Sale .......................................
23
21
16
19
-17.4%
Properties For Sale ................................................
97
114
79
70
-27.8%
Days on Market (Pending Sale) ...........................
43
49
59
37
-14.0%
Month’s Supply of Inventory ................................
4.2
5.4
4.9
4.1
-2.4%
Percent Under Contract ........................................
23.7%
18.4%
20.3%
27.1%
14.5%
Average Median Price for Last 12 Months ........
$1,276,850
$1,582,075
$1,847,250
$1,519,608
16.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.037
MAY
$1,575,000
JUN JUL
MEDIAN SALES PRICE
AUG
$618
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.575 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Malibu DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$2,246,184
$2,022,500
$2,512,500
$1,785,000
-20.5%
Average Price per Square Foot ...........................
$655
$858
$866
$817
24.7%
Properties Sold .......................................................
19
14
10
14
-26.3%
Properties Pending Sale .......................................
15
19
15
22
46.7%
Properties For Sale ................................................
215
243
203
219
1.9%
Days on Market (Pending Sale) ...........................
142
153
83
127
-10.6%
Month’s Supply of Inventory ................................
11.3
17.4
20.3
15.6
38.2%
Percent Under Contract ........................................
7.0%
7.8%
7.4%
10.0%
44.0%
Average Median Price for Last 12 Months ........
$2,286,911
$2,202,842
$1,985,833
$2,298,678
0.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$2.246
MAY
$1,785,000
JUN JUL
MEDIAN SALES PRICE
AUG
$817
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
15.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.785 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Malibu Beach DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$5,350,000
$2,805,000
$10,400,000
$5,050,000
-5.6%
Average Price per Square Foot ...........................
$1,548
$1,171
$3,806
$2,152
39.0%
Properties Sold .......................................................
3
6
4
4
33.3%
Properties Pending Sale .......................................
4
4
4
3
-25.0%
Properties For Sale ................................................
82
81
75
87
6.1%
Days on Market (Pending Sale) ...........................
220
235
103
133
-39.5%
Month’s Supply of Inventory ................................
27.3
13.5
18.8
21.8
-20.4%
Percent Under Contract ........................................
4.9%
4.9%
5.3%
3.4%
-29.3%
Average Median Price for Last 12 Months ........
$6,780,208
$8,204,167
$7,350,000
$6,637,885
-2.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$5.350
MAY
$5,050,000
JUN JUL
MEDIAN SALES PRICE
AUG
$2,152
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
21.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$5.050 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Marina Del Rey DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,980,000
$2,165,000
$1,992,500
$1,055,000
-46.7%
Average Price per Square Foot ...........................
$695
$618
$685
$853
22.7%
Properties Sold .......................................................
5
5
4
8
60.0%
Properties Pending Sale .......................................
3
6
5
6
100.0%
Properties For Sale ................................................
17
33
29
34
100.0%
Days on Market (Pending Sale) ...........................
33
73
45
70
112.1%
Month’s Supply of Inventory ................................
3.4
6.6
7.2
4.2
25.0%
Percent Under Contract ........................................
17.6%
18.2%
17.2%
17.6%
0.0%
Average Median Price for Last 12 Months ........
$1,704,212
$1,322,167
$925,667
$1,446,404
-17.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.980
APR MAY
$1,055,000
JUN JUL
MEDIAN SALES PRICE
AUG
$853
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.055 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Mid Los Angeles DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$520,000
$550,000
$495,000
$650,000
25.0%
Average Price per Square Foot ...........................
$332
$371
$370
$339
2.1%
Properties Sold .......................................................
32
31
36
27
-15.6%
Properties Pending Sale .......................................
38
37
36
52
36.8%
Properties For Sale ................................................
162
160
141
150
-7.4%
Days on Market (Pending Sale) ...........................
44
45
55
54
22.7%
Month’s Supply of Inventory ................................
5.1
5.2
3.9
5.6
9.7%
Percent Under Contract ........................................
23.5%
23.1%
25.5%
34.7%
47.8%
Average Median Price for Last 12 Months ........
$453,992
$552,926
$588,167
$547,774
17.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$520
MAY
$650,000
JUN JUL
MEDIAN SALES PRICE
AUG
$339
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$650 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Mid Wilshire DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$822,500
$675,000
$815,000
$744,000
-9.5%
Average Price per Square Foot ...........................
$416
$395
$320
$335
-19.5%
Properties Sold .......................................................
5
5
2
3
-40.0%
Properties Pending Sale .......................................
2
4
2
6
200.0%
Properties For Sale ................................................
35
30
24
17
-51.4%
Days on Market (Pending Sale) ...........................
54
64
51
66
22.2%
Month’s Supply of Inventory ................................
7
6
12
5.7
-19.0%
Percent Under Contract ........................................
5.7%
13.3%
8.3%
35.3%
517.6%
Average Median Price for Last 12 Months ........
$604,400
$750,700
$747,000
$784,958
23.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$822
MAY
$744,000
JUN JUL
MEDIAN SALES PRICE
AUG
$335
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$744 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Pacific Palisades DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$2,425,000
$3,094,000
$2,964,750
$2,264,500
-6.6%
Average Price per Square Foot ...........................
$1,058
$933
$1,014
$956
-9.6%
Properties Sold .......................................................
36
22
16
16
-55.6%
Properties Pending Sale .......................................
37
25
23
31
-16.2%
Properties For Sale ................................................
132
145
135
145
9.8%
Days on Market (Pending Sale) ...........................
57
84
81
53
-7.0%
Month’s Supply of Inventory ................................
3.7
6.6
8.4
9.1
147.2%
Percent Under Contract ........................................
28.0%
17.2%
17.0%
21.4%
-23.7%
Average Median Price for Last 12 Months ........
$2,578,239
$2,685,479
$2,536,333
$2,778,606
7.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$2.425
MAY
$2,264,500
JUN JUL
MEDIAN SALES PRICE
AUG
$956
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
9.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.264 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Palms - Mar Vista DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,234,375
$1,360,000
$1,200,000
$1,288,875
4.4%
Average Price per Square Foot ...........................
$693
$719
$790
$758
9.4%
Properties Sold .......................................................
33
34
19
30
-9.1%
Properties Pending Sale .......................................
35
35
21
36
2.9%
Properties For Sale ................................................
88
94
65
104
18.2%
Days on Market (Pending Sale) ...........................
41
34
43
27
-34.1%
Month’s Supply of Inventory ................................
2.7
2.8
3.4
3.5
30.0%
Percent Under Contract ........................................
39.8%
37.2%
32.3%
34.6%
-13.0%
Average Median Price for Last 12 Months ........
$1,060,040
$1,254,313
$1,290,958
$1,238,288
14.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.234
MAY
$1,288,875
JUN JUL
MEDIAN SALES PRICE
AUG
$758
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.288 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Playa Del Rey DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$3,650,000
$1,715,000
$1,612,500
$2,430,000
-33.4%
Average Price per Square Foot ...........................
$598
$527
$730
$517
-13.5%
Properties Sold .......................................................
1
3
2
1
0.0%
Properties Pending Sale .......................................
0
4
3
4
n/a
Properties For Sale ................................................
10
14
13
17
70.0%
Days on Market (Pending Sale) ...........................
0
28
64
23
n/a
Month’s Supply of Inventory ................................
10
4.7
6.5
17
70.0%
Percent Under Contract ........................................
0.0%
28.6%
23.1%
23.5%
n/a
Average Median Price for Last 12 Months ........
$1,530,000
$1,633,838
$1,882,675
$1,785,271
14.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $3.650
APR MAY
$2,430,000
JUN JUL
MEDIAN SALES PRICE
AUG
$517
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
17 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.430 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Playa Vista DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$2,075,000
$0
$0
$1,830,000
-11.8%
Average Price per Square Foot ...........................
$468
$0
$0
$786
67.9%
Properties Sold .......................................................
1
0
0
1
0.0%
Properties Pending Sale .......................................
0
2
0
3
n/a
Properties For Sale ................................................
6
5
5
8
33.3%
Days on Market (Pending Sale) ...........................
0
14
0
115
n/a
Month’s Supply of Inventory ................................
6
n/a
n/a
0.4
-93.8%
Percent Under Contract ........................................
0.0%
40.0%
0.0%
37.5%
n/a
Average Median Price for Last 12 Months ........
$1,521,114
$2,229,167
$1,830,000
$1,859,528
22.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$2.075
MAY
$1,830,000
JUN JUL
MEDIAN SALES PRICE
AUG
$786
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
0.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.830 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Santa Monica DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$2,410,000
$1,837,716
$2,200,000
$2,450,000
1.7%
Average Price per Square Foot ...........................
$1,081
$1,143
$954
$1,242
14.9%
Properties Sold .......................................................
19
20
10
19
0.0%
Properties Pending Sale .......................................
31
28
12
29
-6.5%
Properties For Sale ................................................
99
121
95
113
14.1%
Days on Market (Pending Sale) ...........................
36
61
38
25
-30.6%
Month’s Supply of Inventory ................................
5.2
6
9.5
5.9
14.1%
Percent Under Contract ........................................
31.3%
23.1%
12.6%
25.7%
-18.0%
Average Median Price for Last 12 Months ........
$2,153,437
$2,873,000
$2,998,333
$2,484,469
13.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$2.410
MAY
$2,450,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,242
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.450 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,593,750
$1,865,000
$2,270,000
$1,520,000
-4.6%
Average Price per Square Foot ...........................
$776
$810
$1,168
$816
5.2%
Properties Sold .......................................................
38
37
26
37
-2.6%
Properties Pending Sale .......................................
28
46
22
43
53.6%
Properties For Sale ................................................
332
354
273
304
-8.4%
Days on Market (Pending Sale) ...........................
97
67
77
45
-53.6%
Month’s Supply of Inventory ................................
8.7
9.6
10.5
8.2
-6.0%
Percent Under Contract ........................................
8.4%
13.0%
8.1%
14.1%
67.7%
Average Median Price for Last 12 Months ........
$1,779,613
$1,706,417
$1,675,833
$1,698,250
-4.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.593
MAY
$1,520,000
JUN JUL
MEDIAN SALES PRICE
AUG
$816
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
8.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.520 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Venice DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$2,150,000
$1,831,000
$2,162,500
$1,750,000
-18.6%
Average Price per Square Foot ...........................
$1,020
$1,005
$1,115
$1,164
14.1%
Properties Sold .......................................................
20
18
13
15
-25.0%
Properties Pending Sale .......................................
31
22
9
20
-35.5%
Properties For Sale ................................................
94
99
79
87
-7.4%
Days on Market (Pending Sale) ...........................
48
42
55
74
54.2%
Month’s Supply of Inventory ................................
4.7
5.5
6.1
5.8
23.4%
Percent Under Contract ........................................
33.0%
22.2%
11.4%
23.0%
-30.3%
Average Median Price for Last 12 Months ........
$1,634,781
$1,795,417
$1,766,667
$1,836,738
12.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.150
APR MAY
$1,750,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,164
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.750 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
West Hollywood DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$2,065,000
$1,627,500
$1,493,250
$1,275,000
-38.3%
Average Price per Square Foot ...........................
$770
$872
$992
$843
9.5%
Properties Sold .......................................................
14
10
8
7
-50.0%
Properties Pending Sale .......................................
9
15
8
15
66.7%
Properties For Sale ................................................
45
56
44
63
40.0%
Days on Market (Pending Sale) ...........................
21
48
26
31
47.6%
Month’s Supply of Inventory ................................
3.2
5.6
5.5
9
180.0%
Percent Under Contract ........................................
20.0%
26.8%
18.2%
23.8%
19.0%
Average Median Price for Last 12 Months ........
$1,376,531
$1,495,838
$1,499,583
$1,494,656
7.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.065
APR MAY
$1,275,000
JUN JUL
MEDIAN SALES PRICE
AUG
$843
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.275 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
West Los Angeles DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$994,000
$823,500
$1,092,500
$1,380,000
38.8%
Average Price per Square Foot ...........................
$592
$730
$684
$649
9.6%
Properties Sold .......................................................
8
8
6
9
12.5%
Properties Pending Sale .......................................
16
12
6
13
-18.8%
Properties For Sale ................................................
43
45
34
39
-9.3%
Days on Market (Pending Sale) ...........................
38
37
40
23
-39.5%
Month’s Supply of Inventory ................................
5.4
5.6
5.7
4.3
-19.4%
Percent Under Contract ........................................
37.2%
26.7%
17.6%
33.3%
-10.4%
Average Median Price for Last 12 Months ........
$822,292
$1,116,250
$1,071,667
$1,040,579
26.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$994
MAY
$1,380,000
JUN JUL
MEDIAN SALES PRICE
AUG
$649
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.380 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Westchester DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$952,500
$850,000
$1,072,000
$1,017,250
6.8%
Average Price per Square Foot ...........................
$552
$585
$556
$691
25.2%
Properties Sold .......................................................
28
19
15
20
-28.6%
Properties Pending Sale .......................................
29
26
21
30
3.4%
Properties For Sale ................................................
77
76
59
74
-3.9%
Days on Market (Pending Sale) ...........................
25
47
48
23
-8.0%
Month’s Supply of Inventory ................................
2.8
4
3.9
3.7
34.5%
Percent Under Contract ........................................
37.7%
34.2%
35.6%
40.5%
7.6%
Average Median Price for Last 12 Months ........
$841,662
$989,279
$968,167
$949,725
12.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$952
MAY
$1,017,250
JUN JUL
MEDIAN SALES PRICE
AUG
$691
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.017 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Westwood - Century City DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,668,875
$1,703,250
$1,715,000
$1,735,000
4.0%
Average Price per Square Foot ...........................
$716
$870
$837
$865
20.8%
Properties Sold .......................................................
14
16
12
15
7.1%
Properties Pending Sale .......................................
17
15
10
23
35.3%
Properties For Sale ................................................
58
81
54
84
44.8%
Days on Market (Pending Sale) ...........................
13
64
29
48
269.2%
Month’s Supply of Inventory ................................
4.1
5.1
4.5
5.6
35.2%
Percent Under Contract ........................................
29.3%
18.5%
18.5%
27.4%
-6.6%
Average Median Price for Last 12 Months ........
$1,778,760
$1,706,872
$1,648,333
$1,707,066
-4.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.668
MAY
$1,735,000
JUN JUL
MEDIAN SALES PRICE
AUG
$865
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.735 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
South Bay Macro Market DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,182,109
$1,294,300
$1,180,412
$1,219,690
3.2%
Average Price per Square Foot ...........................
$595
$603
$597
$586
-1.5%
Properties Sold .......................................................
278
248
160
248
-10.8%
Properties Pending Sale .......................................
320
248
170
307
-4.1%
Properties For Sale ................................................
859
953
722
952
10.8%
Days on Market (Pending Sale) ...........................
48
45
44
44
-8.5%
Month’s Supply of Inventory ................................
3.1
3.8
4.5
3.8
24.2%
Percent Under Contract ........................................
37.3%
26.0%
23.5%
32.2%
-13.4%
Average Median Price for Last 12 Months ........
$1,183,029
$1,244,085
$1,254,326
$1,271,018
7.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.182
MAY
$1,219,690
JUN JUL
MEDIAN SALES PRICE
AUG
$586
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.219 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
El Segundo DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$960,250
$1,075,000
$1,480,500
$1,142,500
19.0%
Average Price per Square Foot ...........................
$642
$719
$615
$659
2.6%
Properties Sold .......................................................
8
7
4
10
25.0%
Properties Pending Sale .......................................
8
7
6
10
25.0%
Properties For Sale ................................................
20
23
19
27
35.0%
Days on Market (Pending Sale) ...........................
15
44
60
32
113.3%
Month’s Supply of Inventory ................................
2.5
3.3
4.8
2.7
8.0%
Percent Under Contract ........................................
40.0%
30.4%
31.6%
37.0%
-7.4%
Average Median Price for Last 12 Months ........
$970,889
$1,233,167
$1,181,667
$1,119,288
15.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$960
MAY
$1,142,500
JUN JUL
MEDIAN SALES PRICE
AUG
$659
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.142 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Hermosa Beach DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$2,077,500
$2,460,000
$2,108,750
$1,800,000
-13.4%
Average Price per Square Foot ...........................
$1,494
$990
$1,121
$881
-41.0%
Properties Sold .......................................................
18
9
6
11
-38.9%
Properties Pending Sale .......................................
15
14
2
16
6.7%
Properties For Sale ................................................
43
39
26
59
37.2%
Days on Market (Pending Sale) ...........................
40
50
8
46
15.0%
Month’s Supply of Inventory ................................
2.4
4.3
4.3
5.4
124.5%
Percent Under Contract ........................................
34.9%
35.9%
7.7%
27.1%
-22.3%
Average Median Price for Last 12 Months ........
$1,582,287
$1,799,313
$1,539,042
$1,859,183
17.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$2.077
MAY
$1,800,000
JUN JUL
MEDIAN SALES PRICE
AUG
$881
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.800 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Manhattan Beach DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,955,000
$2,288,000
$1,770,000
$2,365,000
21.0%
Average Price per Square Foot ...........................
$933
$1,064
$854
$969
3.9%
Properties Sold .......................................................
24
24
15
25
4.2%
Properties Pending Sale .......................................
31
23
20
32
3.2%
Properties For Sale ................................................
92
111
83
134
45.7%
Days on Market (Pending Sale) ...........................
40
54
50
41
2.5%
Month’s Supply of Inventory ................................
3.8
4.6
5.5
5.4
39.8%
Percent Under Contract ........................................
33.7%
20.7%
24.1%
23.9%
-29.1%
Average Median Price for Last 12 Months ........
$1,967,521
$2,151,250
$2,262,500
$2,186,769
11.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.955
MAY
$2,365,000
JUN JUL
MEDIAN SALES PRICE
AUG
$969
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.365 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Palos Verdes Estates DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,870,000
$1,625,000
$1,439,000
$1,770,750
-5.3%
Average Price per Square Foot ...........................
$584
$777
$647
$645
10.4%
Properties Sold .......................................................
17
14
7
10
-41.2%
Properties Pending Sale .......................................
20
9
16
19
-5.0%
Properties For Sale ................................................
66
81
73
93
40.9%
Days on Market (Pending Sale) ...........................
52
52
50
123
136.5%
Month’s Supply of Inventory ................................
3.9
5.8
10.4
9.3
139.5%
Percent Under Contract ........................................
30.3%
11.1%
21.9%
20.4%
-32.6%
Average Median Price for Last 12 Months ........
$1,719,271
$1,661,125
$1,723,417
$1,755,150
2.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.870
MAY
$1,770,750
JUN JUL
MEDIAN SALES PRICE
AUG
$645
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
9.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.770 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Rancho Palos Verdes DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,142,500
$1,166,500
$1,174,500
$1,067,500
-6.6%
Average Price per Square Foot ...........................
$595
$553
$561
$501
-15.8%
Properties Sold .......................................................
36
40
22
32
-11.1%
Properties Pending Sale .......................................
43
36
19
42
-2.3%
Properties For Sale ................................................
152
171
113
151
-0.7%
Days on Market (Pending Sale) ...........................
92
57
78
41
-55.4%
Month’s Supply of Inventory ................................
4.2
4.3
5.1
4.7
11.8%
Percent Under Contract ........................................
28.3%
21.1%
16.8%
27.8%
-1.7%
Average Median Price for Last 12 Months ........
$1,167,908
$1,214,431
$1,257,500
$1,201,122
2.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.142
MAY
$1,067,500
JUN JUL
MEDIAN SALES PRICE
AUG
$501
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.067 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Redondo Beach- North DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$855,000
$920,000
$897,500
$1,000,000
17.0%
Average Price per Square Foot ...........................
$518
$540
$542
$525
1.4%
Properties Sold .......................................................
21
17
12
24
14.3%
Properties Pending Sale .......................................
21
25
10
22
4.8%
Properties For Sale ................................................
52
53
30
38
-26.9%
Days on Market (Pending Sale) ...........................
28
40
14
18
-35.7%
Month’s Supply of Inventory ................................
2.5
3.1
2.5
1.6
-36.1%
Percent Under Contract ........................................
40.4%
47.2%
33.3%
57.9%
43.4%
Average Median Price for Last 12 Months ........
$825,233
$854,375
$857,750
$874,102
5.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$855
MAY
$1,000,000
JUN JUL
MEDIAN SALES PRICE
AUG
$525
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.000 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Redondo Beach- South DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,125,000
$1,267,000
$1,072,500
$1,200,000
6.7%
Average Price per Square Foot ...........................
$548
$630
$673
$614
12.0%
Properties Sold .......................................................
13
26
12
13
0.0%
Properties Pending Sale .......................................
25
12
8
26
4.0%
Properties For Sale ................................................
50
50
31
60
20.0%
Days on Market (Pending Sale) ...........................
45
35
35
20
-55.6%
Month’s Supply of Inventory ................................
3.8
1.9
2.6
4.6
20.0%
Percent Under Contract ........................................
50.0%
24.0%
25.8%
43.3%
-13.3%
Average Median Price for Last 12 Months ........
$1,112,750
$1,297,208
$1,408,333
$1,257,019
13.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.125
MAY
$1,200,000
JUN JUL
MEDIAN SALES PRICE
AUG
$614
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.200 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Rolling Hills DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$2,600,000
$3,300,000
$0
$2,750,000
5.8%
Average Price per Square Foot ...........................
$736
$820
$0
$763
3.7%
Properties Sold .......................................................
3
3
0
3
0.0%
Properties Pending Sale .......................................
6
3
2
5
-16.7%
Properties For Sale ................................................
22
25
22
26
18.2%
Days on Market (Pending Sale) ...........................
82
6
44
116
41.5%
Month’s Supply of Inventory ................................
7.3
8.3
n/a
8.7
18.2%
Percent Under Contract ........................................
27.3%
12.0%
9.1%
19.2%
-29.5%
Average Median Price for Last 12 Months ........
$3,244,725
$3,192,330
$3,282,383
$3,349,695
3.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$2.600
MAY
$2,750,000
JUN JUL
MEDIAN SALES PRICE
AUG
$763
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
8.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.750 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Rolling Hills Estates DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,350,000
$1,435,000
$2,756,000
$1,350,000
0.0%
Average Price per Square Foot ...........................
$543
$523
$824
$608
12.0%
Properties Sold .......................................................
9
6
2
15
66.7%
Properties Pending Sale .......................................
13
8
5
11
-15.4%
Properties For Sale ................................................
23
24
20
36
56.5%
Days on Market (Pending Sale) ...........................
54
63
26
30
-44.4%
Month’s Supply of Inventory ................................
2.6
4
10
2.4
-6.1%
Percent Under Contract ........................................
56.5%
33.3%
25.0%
30.6%
-45.9%
Average Median Price for Last 12 Months ........
$1,444,044
$1,656,917
$1,353,500
$1,570,962
8.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.350
MAY
$1,350,000
JUN JUL
MEDIAN SALES PRICE
AUG
$608
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.350 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
San Pedro DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$540,000
$629,000
$529,000
$550,000
1.9%
Average Price per Square Foot ...........................
$358
$377
$357
$420
17.3%
Properties Sold .......................................................
36
30
26
25
-30.6%
Properties Pending Sale .......................................
42
38
30
43
2.4%
Properties For Sale ................................................
129
135
116
128
-0.8%
Days on Market (Pending Sale) ...........................
50
68
68
41
-18.0%
Month’s Supply of Inventory ................................
3.6
4.5
4.5
5.1
42.9%
Percent Under Contract ........................................
32.6%
28.1%
25.9%
33.6%
3.2%
Average Median Price for Last 12 Months ........
$539,979
$576,969
$584,271
$563,832
4.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$540
MAY
$550,000
JUN JUL
MEDIAN SALES PRICE
AUG
$420
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$550 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Torrance- County Strip DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$465,000
$440,000
$460,000
$499,000
7.3%
Average Price per Square Foot ...........................
$314
$354
$395
$373
18.8%
Properties Sold .......................................................
7
7
5
5
-28.6%
Properties Pending Sale .......................................
9
6
7
7
-22.2%
Properties For Sale ................................................
23
22
24
16
-30.4%
Days on Market (Pending Sale) ...........................
68
40
31
25
-63.2%
Month’s Supply of Inventory ................................
3.3
3.1
4.8
3.2
-2.6%
Percent Under Contract ........................................
39.1%
27.3%
29.2%
43.8%
11.8%
Average Median Price for Last 12 Months ........
$451,771
$492,708
$494,667
$480,673
6.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$465
MAY
$499,000
JUN JUL
MEDIAN SALES PRICE
AUG
$373
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$499 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Torrance- North DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$600,000
$563,500
$595,000
$587,000
-2.2%
Average Price per Square Foot ...........................
$383
$387
$411
$432
12.8%
Properties Sold .......................................................
19
22
13
24
26.3%
Properties Pending Sale .......................................
22
17
11
20
-9.1%
Properties For Sale ................................................
52
73
49
49
-5.8%
Days on Market (Pending Sale) ...........................
38
46
63
26
-31.6%
Month’s Supply of Inventory ................................
2.7
3.3
3.8
2
-25.4%
Percent Under Contract ........................................
42.3%
23.3%
22.4%
40.8%
-3.5%
Average Median Price for Last 12 Months ........
$563,700
$607,246
$605,667
$602,844
6.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$600
MAY
$587,000
JUN JUL
MEDIAN SALES PRICE
AUG
$432
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$587 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Torrance- South DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$848,888
$875,000
$733,012
$871,100
2.6%
Average Price per Square Foot ...........................
$477
$496
$466
$530
11.1%
Properties Sold .......................................................
19
17
16
22
15.8%
Properties Pending Sale .......................................
23
20
15
21
-8.7%
Properties For Sale ................................................
54
69
42
44
-18.5%
Days on Market (Pending Sale) ...........................
19
59
28
29
52.6%
Month’s Supply of Inventory ................................
2.8
4.1
2.6
2
-29.6%
Percent Under Contract ........................................
42.6%
29.0%
35.7%
47.7%
12.1%
Average Median Price for Last 12 Months ........
$808,657
$840,769
$882,367
$858,904
6.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$848
MAY
$871,100
JUN JUL
MEDIAN SALES PRICE
AUG
$530
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$871 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Torrance- Southeast DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$577,500
$591,500
$680,000
$549,000
-4.9%
Average Price per Square Foot ...........................
$356
$369
$401
$367
3.1%
Properties Sold .......................................................
18
14
9
13
-27.8%
Properties Pending Sale .......................................
19
14
9
14
-26.3%
Properties For Sale ................................................
48
45
45
50
4.2%
Days on Market (Pending Sale) ...........................
58
43
80
47
-19.0%
Month’s Supply of Inventory ................................
2.7
3.2
5
3.8
44.2%
Percent Under Contract ........................................
39.6%
31.1%
20.0%
28.0%
-29.3%
Average Median Price for Last 12 Months ........
$598,610
$613,542
$589,667
$595,885
-0.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$577
MAY
$549,000
JUN JUL
MEDIAN SALES PRICE
AUG
$367
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$549 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Torrance- West DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$765,000
$779,000
$830,000
$793,500
3.7%
Average Price per Square Foot ...........................
$446
$440
$493
$505
13.2%
Properties Sold .......................................................
30
12
11
16
-46.7%
Properties Pending Sale .......................................
23
16
10
19
-17.4%
Properties For Sale ................................................
33
32
29
41
24.2%
Days on Market (Pending Sale) ...........................
39
23
26
24
-38.5%
Month’s Supply of Inventory ................................
1.1
2.7
2.6
2.6
133.0%
Percent Under Contract ........................................
69.7%
50.0%
34.5%
46.3%
-33.5%
Average Median Price for Last 12 Months ........
$748,083
$805,250
$792,167
$789,838
5.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$765
MAY
$793,500
JUN JUL
MEDIAN SALES PRICE
AUG
$505
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$793 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
San Fernando Valley Macro Market DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$830,429
$792,786
$855,143
$888,929
7.0%
Average Price per Square Foot ...........................
$411
$426
$426
$439
6.9%
Properties Sold .......................................................
35
30
22
33
-7.1%
Properties Pending Sale .......................................
37
35
27
41
11.4%
Properties For Sale ................................................
62
76
57
69
10.6%
Days on Market (Pending Sale) ...........................
57
56
70
54
-5.7%
Month’s Supply of Inventory ................................
1.8
2.5
2.6
2.1
19.0%
Percent Under Contract ........................................
59.4%
45.8%
47.2%
59.8%
0.8%
Average Median Price for Last 12 Months ........
$780,062
$858,583
$899,595
$839,192
7.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$830
MAY
$888,929
JUN JUL
MEDIAN SALES PRICE
AUG
$439
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$888 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Burbank DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$684,000
$730,000
$720,000
$753,000
10.1%
Average Price per Square Foot ...........................
$448
$462
$455
$465
3.8%
Properties Sold .......................................................
60
34
21
47
-21.7%
Properties Pending Sale .......................................
61
46
48
72
18.0%
Properties For Sale ................................................
90
74
65
97
7.8%
Days on Market (Pending Sale) ...........................
49
59
60
68
38.8%
Month’s Supply of Inventory ................................
1.5
2.2
3.1
2.1
37.6%
Percent Under Contract ........................................
67.8%
62.2%
73.8%
74.2%
9.5%
Average Median Price for Last 12 Months ........
$660,667
$727,833
$724,000
$710,385
7.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$684
MAY
$753,000
JUN JUL
MEDIAN SALES PRICE
AUG
$465
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$753 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Encino DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,142,750
$982,000
$1,106,000
$1,225,000
7.2%
Average Price per Square Foot ...........................
$440
$486
$461
$520
18.2%
Properties Sold .......................................................
52
38
40
34
-34.6%
Properties Pending Sale .......................................
47
42
27
63
34.0%
Properties For Sale ................................................
109
124
91
120
10.1%
Days on Market (Pending Sale) ...........................
52
62
75
51
-1.9%
Month’s Supply of Inventory ................................
2.1
3.3
2.3
3.5
68.4%
Percent Under Contract ........................................
43.1%
33.9%
29.7%
52.5%
21.8%
Average Median Price for Last 12 Months ........
$1,069,729
$1,139,000
$1,166,000
$1,166,750
9.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.142
MAY
$1,225,000
JUN JUL
MEDIAN SALES PRICE
AUG
$520
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.225 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Glendale DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$806,000
$823,000
$775,000
$877,000
8.8%
Average Price per Square Foot ...........................
$412
$436
$456
$459
11.4%
Properties Sold .......................................................
60
56
53
60
0.0%
Properties Pending Sale .......................................
64
67
49
62
-3.1%
Properties For Sale ................................................
90
108
84
104
15.6%
Days on Market (Pending Sale) ...........................
53
53
67
53
0.0%
Month’s Supply of Inventory ................................
1.5
1.9
1.6
1.7
15.6%
Percent Under Contract ........................................
71.1%
62.0%
58.3%
59.6%
-16.2%
Average Median Price for Last 12 Months ........
$747,500
$806,333
$830,667
$812,385
8.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$806
MAY
$877,000
JUN JUL
MEDIAN SALES PRICE
AUG
$459
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$877 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
La Crescenta DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$879,000
$820,000
$760,000
$770,000
-12.4%
Average Price per Square Foot ...........................
$397
$461
$449
$495
24.7%
Properties Sold .......................................................
16
17
13
11
-31.2%
Properties Pending Sale .......................................
8
19
13
24
200.0%
Properties For Sale ................................................
23
29
20
29
26.1%
Days on Market (Pending Sale) ...........................
53
43
58
57
7.5%
Month’s Supply of Inventory ................................
1.4
1.7
1.5
2.6
83.4%
Percent Under Contract ........................................
34.8%
65.5%
65.0%
82.8%
137.9%
Average Median Price for Last 12 Months ........
$725,583
$752,000
$771,000
$769,769
6.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$879
MAY
$770,000
JUN JUL
MEDIAN SALES PRICE
AUG
$495
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$770 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
North Hollywood DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$452,500
$505,000
$508,000
$497,000
9.8%
Average Price per Square Foot ...........................
$332
$361
$345
$358
7.8%
Properties Sold .......................................................
40
39
26
46
15.0%
Properties Pending Sale .......................................
67
45
36
43
-35.8%
Properties For Sale ................................................
55
67
49
51
-7.3%
Days on Market (Pending Sale) ...........................
58
66
54
54
-6.9%
Month’s Supply of Inventory ................................
1.4
1.7
1.9
1.1
-19.4%
Percent Under Contract ........................................
121.8%
67.2%
73.5%
84.3%
-30.8%
Average Median Price for Last 12 Months ........
$451,292
$510,833
$511,333
$502,654
11.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$452
MAY
$497,000
JUN JUL
MEDIAN SALES PRICE
AUG
$358
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$497 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Shadow Hills DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$800,000
$665,000
$609,000
$753,000
-5.9%
Average Price per Square Foot ...........................
$303
$285
$392
$247
-18.5%
Properties Sold .......................................................
8
4
2
4
-50.0%
Properties Pending Sale .......................................
4
5
3
7
75.0%
Properties For Sale ................................................
10
11
14
9
-10.0%
Days on Market (Pending Sale) ...........................
65
52
78
86
32.3%
Month’s Supply of Inventory ................................
1.2
2.8
7
2.2
80.0%
Percent Under Contract ........................................
40.0%
45.5%
21.4%
77.8%
94.4%
Average Median Price for Last 12 Months ........
$781,364
$796,500
$999,333
$756,385
-3.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$800
MAY
$753,000
JUN JUL
MEDIAN SALES PRICE
AUG
$247
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$753 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Sherman Oaks DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,051,250
$941,000
$1,051,000
$1,240,000
18.0%
Average Price per Square Foot ...........................
$486
$492
$460
$468
-3.7%
Properties Sold .......................................................
60
62
34
63
5.0%
Properties Pending Sale .......................................
59
49
45
70
18.6%
Properties For Sale ................................................
116
161
105
149
28.4%
Days on Market (Pending Sale) ...........................
51
64
58
57
11.8%
Month’s Supply of Inventory ................................
1.9
2.6
3.1
2.4
22.3%
Percent Under Contract ........................................
50.9%
30.4%
42.9%
47.0%
-7.6%
Average Median Price for Last 12 Months ........
$921,688
$1,047,833
$1,121,667
$1,012,173
9.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.051
MAY
$1,240,000
JUN JUL
MEDIAN SALES PRICE
AUG
$468
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.240 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Studio City DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,182,500
$1,390,000
$1,260,000
$1,328,000
12.3%
Average Price per Square Foot ...........................
$548
$608
$562
$536
-2.2%
Properties Sold .......................................................
38
21
18
28
-26.3%
Properties Pending Sale .......................................
25
41
28
32
28.0%
Properties For Sale ................................................
65
96
72
73
12.3%
Days on Market (Pending Sale) ...........................
49
42
89
54
10.2%
Month’s Supply of Inventory ................................
1.7
4.6
4
2.6
52.4%
Percent Under Contract ........................................
38.5%
42.7%
38.9%
43.8%
14.0%
Average Median Price for Last 12 Months ........
$1,165,375
$1,346,000
$1,407,667
$1,330,192
14.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.182
MAY
$1,328,000
JUN JUL
MEDIAN SALES PRICE
AUG
$536
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.328 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Sun Valley DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$434,000
$406,000
$425,000
$443,000
2.1%
Average Price per Square Foot ...........................
$334
$345
$290
$320
-4.2%
Properties Sold .......................................................
24
19
10
18
-25.0%
Properties Pending Sale .......................................
23
24
14
24
4.3%
Properties For Sale ................................................
26
35
28
28
7.7%
Days on Market (Pending Sale) ...........................
70
58
71
41
-41.4%
Month’s Supply of Inventory ................................
1.1
1.8
2.8
1.6
43.6%
Percent Under Contract ........................................
88.5%
68.6%
50.0%
85.7%
-3.1%
Average Median Price for Last 12 Months ........
$407,583
$458,667
$485,667
$449,692
10.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$434
MAY
$443,000
JUN JUL
MEDIAN SALES PRICE
AUG
$320
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$443 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Sunland/Tujunga DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$472,500
$483,000
$548,000
$525,000
11.1%
Average Price per Square Foot ...........................
$313
$345
$310
$366
16.9%
Properties Sold .......................................................
30
34
20
45
50.0%
Properties Pending Sale .......................................
46
31
23
39
-15.2%
Properties For Sale ................................................
46
78
52
49
6.5%
Days on Market (Pending Sale) ...........................
57
62
74
62
8.8%
Month’s Supply of Inventory ................................
1.5
2.3
2.6
1.1
-29.0%
Percent Under Contract ........................................
100.0%
39.7%
44.2%
79.6%
-20.4%
Average Median Price for Last 12 Months ........
$478,125
$509,667
$501,667
$503,038
5.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$472
MAY
$525,000
JUN JUL
MEDIAN SALES PRICE
AUG
$366
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$525 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Tarzana DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,050,000
$782,000
$842,000
$1,044,000
-0.6%
Average Price per Square Foot ...........................
$372
$366
$367
$428
15.1%
Properties Sold .......................................................
25
32
20
24
-4.0%
Properties Pending Sale .......................................
16
34
21
28
75.0%
Properties For Sale ................................................
72
83
61
68
-5.6%
Days on Market (Pending Sale) ...........................
68
72
63
42
-38.2%
Month’s Supply of Inventory ................................
2.9
2.6
3
2.8
-1.6%
Percent Under Contract ........................................
22.2%
41.0%
34.4%
41.2%
85.3%
Average Median Price for Last 12 Months ........
$902,000
$922,833
$981,000
$920,231
2.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.050
MAY
$1,044,000
JUN JUL
MEDIAN SALES PRICE
AUG
$428
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.044 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Toluca Lake DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,091,500
$945,000
$1,743,000
$1,280,000
17.3%
Average Price per Square Foot ...........................
$528
$522
$605
$612
15.9%
Properties Sold .......................................................
7
3
6
7
0.0%
Properties Pending Sale .......................................
7
3
7
5
-28.6%
Properties For Sale ................................................
18
22
11
12
-33.3%
Days on Market (Pending Sale) ...........................
55
21
82
37
-32.7%
Month’s Supply of Inventory ................................
2.6
7.3
1.8
1.7
-33.3%
Percent Under Contract ........................................
38.9%
13.6%
63.6%
41.7%
7.1%
Average Median Price for Last 12 Months ........
$1,118,625
$1,364,833
$1,464,333
$1,193,346
6.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.091
MAY
$1,280,000
JUN JUL
MEDIAN SALES PRICE
AUG
$612
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.280 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Valley Village DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$865,000
$875,000
$777,000
$910,000
5.2%
Average Price per Square Foot ...........................
$504
$456
$457
$506
0.4%
Properties Sold .......................................................
15
11
7
13
-13.3%
Properties Pending Sale .......................................
16
7
8
23
43.8%
Properties For Sale ................................................
15
17
17
32
113.3%
Days on Market (Pending Sale) ...........................
48
68
90
39
-18.8%
Month’s Supply of Inventory ................................
1
1.5
2.4
2.5
146.2%
Percent Under Contract ........................................
106.7%
41.2%
47.1%
71.9%
-32.6%
Average Median Price for Last 12 Months ........
$788,250
$857,667
$863,000
$872,462
10.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$865
MAY
$910,000
JUN JUL
MEDIAN SALES PRICE
AUG
$506
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$910 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Woodland Hills DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$715,000
$752,000
$848,000
$800,000
11.9%
Average Price per Square Foot ...........................
$334
$345
$349
$370
10.8%
Properties Sold .......................................................
59
53
35
59
0.0%
Properties Pending Sale .......................................
74
71
52
84
13.5%
Properties For Sale ................................................
136
152
123
142
4.4%
Days on Market (Pending Sale) ...........................
68
57
66
50
-26.5%
Month’s Supply of Inventory ................................
2.3
2.9
3.5
2.4
4.4%
Percent Under Contract ........................................
54.4%
46.7%
42.3%
59.2%
8.7%
Average Median Price for Last 12 Months ........
$703,083
$780,167
$767,000
$749,231
6.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$715
MAY
$800,000
JUN JUL
MEDIAN SALES PRICE
AUG
$370
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$800 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
San Gabriel Valley Macro Market DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,008,333
$1,016,667
$996,750
$1,094,500
8.5%
Average Price per Square Foot ...........................
$504
$506
$508
$535
6.2%
Properties Sold .......................................................
24
26
26
28
14.8%
Properties Pending Sale .......................................
29
26
20
28
-5.1%
Properties For Sale ................................................
66
79
50
65
-1.3%
Days on Market (Pending Sale) ...........................
45
51
59
60
33.6%
Month’s Supply of Inventory ................................
2.7
3
1.9
2.4
-14.0%
Percent Under Contract ........................................
44.0%
33.0%
40.2%
42.3%
-3.9%
Average Median Price for Last 12 Months ........
$949,596
$1,018,194
$1,019,722
$1,010,079
6.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.008
MAY
$1,094,500
JUN JUL
MEDIAN SALES PRICE
AUG
$535
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.094 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Alhambra DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$528,000
$575,000
$635,000
$539,000
2.1%
Average Price per Square Foot ...........................
$363
$402
$365
$425
17.1%
Properties Sold .......................................................
34
23
9
26
-23.5%
Properties Pending Sale .......................................
44
21
21
25
-43.2%
Properties For Sale ................................................
75
49
40
39
-48.0%
Days on Market (Pending Sale) ...........................
56
42
72
74
32.1%
Month’s Supply of Inventory ................................
2.2
2.1
4.4
1.5
-32.0%
Percent Under Contract ........................................
58.7%
42.9%
52.5%
64.1%
9.3%
Average Median Price for Last 12 Months ........
$525,500
$583,167
$573,000
$568,077
8.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$528
MAY
$539,000
JUN JUL
MEDIAN SALES PRICE
AUG
$425
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$539 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Altadena DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$675,000
$679,000
$757,000
$708,000
4.9%
Average Price per Square Foot ...........................
$440
$431
$446
$449
2.0%
Properties Sold .......................................................
30
30
20
42
40.0%
Properties Pending Sale .......................................
41
31
27
30
-26.8%
Properties For Sale ................................................
70
64
41
71
1.4%
Days on Market (Pending Sale) ...........................
48
94
69
53
10.4%
Month’s Supply of Inventory ................................
2.3
2.1
2
1.7
-27.6%
Percent Under Contract ........................................
58.6%
48.4%
65.9%
42.3%
-27.9%
Average Median Price for Last 12 Months ........
$624,917
$724,667
$711,333
$702,385
12.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$675
MAY
$708,000
JUN JUL
MEDIAN SALES PRICE
AUG
$449
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$708 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Arcadia DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,193,500
$1,305,000
$1,220,000
$1,126,000
-5.7%
Average Price per Square Foot ...........................
$576
$556
$527
$530
-8.0%
Properties Sold .......................................................
42
46
22
42
0.0%
Properties Pending Sale .......................................
31
51
29
37
19.4%
Properties For Sale ................................................
197
241
185
190
-3.6%
Days on Market (Pending Sale) ...........................
75
74
80
66
-12.0%
Month’s Supply of Inventory ................................
4.7
5.2
8.4
4.5
-3.6%
Percent Under Contract ........................................
15.7%
21.2%
15.7%
19.5%
23.8%
Average Median Price for Last 12 Months ........
$1,324,042
$1,246,000
$1,167,000
$1,264,500
-4.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.193
MAY
$1,126,000
JUN JUL
MEDIAN SALES PRICE
AUG
$530
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.126 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Duarte DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$450,000
$475,000
$474,000
$495,000
10.0%
Average Price per Square Foot ...........................
$320
$332
$333
$372
16.2%
Properties Sold .......................................................
7
16
14
17
142.9%
Properties Pending Sale .......................................
12
16
17
18
50.0%
Properties For Sale ................................................
20
38
21
26
30.0%
Days on Market (Pending Sale) ...........................
67
50
76
86
28.4%
Month’s Supply of Inventory ................................
2.9
2.4
1.5
1.5
-46.5%
Percent Under Contract ........................................
60.0%
42.1%
81.0%
69.2%
15.4%
Average Median Price for Last 12 Months ........
$436,417
$460,000
$446,000
$456,615
4.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$450
MAY
$495,000
JUN JUL
MEDIAN SALES PRICE
AUG
$372
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$495 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Eagle Rock DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$740,000
$693,000
$675,000
$750,000
1.4%
Average Price per Square Foot ...........................
$489
$475
$511
$504
3.1%
Properties Sold .......................................................
15
14
11
16
6.7%
Properties Pending Sale .......................................
9
14
12
26
188.9%
Properties For Sale ................................................
21
42
27
30
42.9%
Days on Market (Pending Sale) ...........................
42
45
46
36
-14.3%
Month’s Supply of Inventory ................................
1.4
3
2.5
1.9
33.9%
Percent Under Contract ........................................
42.9%
33.3%
44.4%
86.7%
102.2%
Average Median Price for Last 12 Months ........
$692,667
$726,333
$761,333
$719,769
3.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$740
MAY
$750,000
JUN JUL
MEDIAN SALES PRICE
AUG
$504
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$750 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
La Canada Flintridge DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,769,018
$1,606,000
$1,600,000
$1,700,000
-3.9%
Average Price per Square Foot ...........................
$663
$644
$593
$634
-4.4%
Properties Sold .......................................................
24
20
13
25
4.2%
Properties Pending Sale .......................................
21
28
14
17
-19.0%
Properties For Sale ................................................
57
42
33
59
3.5%
Days on Market (Pending Sale) ...........................
31
80
44
55
77.4%
Month’s Supply of Inventory ................................
2.4
2.1
2.5
2.4
-0.6%
Percent Under Contract ........................................
36.8%
66.7%
42.4%
28.8%
-21.8%
Average Median Price for Last 12 Months ........
$1,478,002
$1,634,333
$1,620,000
$1,609,463
8.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.769
MAY
$1,700,000
JUN JUL
MEDIAN SALES PRICE
AUG
$634
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.700 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Monrovia DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$645,000
$728,000
$590,000
$652,000
1.1%
Average Price per Square Foot ...........................
$325
$394
$440
$422
29.8%
Properties Sold .......................................................
21
26
19
27
28.6%
Properties Pending Sale .......................................
14
23
19
26
85.7%
Properties For Sale ................................................
50
61
46
51
2.0%
Days on Market (Pending Sale) ...........................
60
84
45
59
-1.7%
Month’s Supply of Inventory ................................
2.4
2.3
2.4
1.9
-20.7%
Percent Under Contract ........................................
28.0%
37.7%
41.3%
51.0%
82.1%
Average Median Price for Last 12 Months ........
$601,917
$625,667
$636,333
$636,231
5.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$645
MAY
$652,000
JUN JUL
MEDIAN SALES PRICE
AUG
$422
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$652 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Pasadena DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$797,000
$800,000
$887,000
$851,000
6.8%
Average Price per Square Foot ...........................
$503
$549
$504
$516
2.6%
Properties Sold .......................................................
94
73
54
73
-22.3%
Properties Pending Sale .......................................
66
97
61
82
24.2%
Properties For Sale ................................................
143
203
129
194
35.7%
Days on Market (Pending Sale) ...........................
49
57
59
58
18.4%
Month’s Supply of Inventory ................................
1.5
2.8
2.4
2.7
74.7%
Percent Under Contract ........................................
46.2%
47.8%
47.3%
42.3%
-8.4%
Average Median Price for Last 12 Months ........
$761,750
$814,833
$808,333
$806,308
5.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$797
MAY
$851,000
JUN JUL
MEDIAN SALES PRICE
AUG
$516
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$851 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
San Gabriel DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$717,500
$677,000
$738,000
$650,000
-9.4%
Average Price per Square Foot ...........................
$390
$418
$419
$443
13.6%
Properties Sold .......................................................
20
25
17
26
30.0%
Properties Pending Sale .......................................
20
29
20
34
70.0%
Properties For Sale ................................................
48
70
48
51
6.2%
Days on Market (Pending Sale) ...........................
47
45
79
72
53.2%
Month’s Supply of Inventory ................................
2.4
2.8
2.8
2
-18.3%
Percent Under Contract ........................................
41.7%
41.4%
41.7%
66.7%
60.0%
Average Median Price for Last 12 Months ........
$702,875
$753,667
$772,333
$734,038
4.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$717
MAY
$650,000
JUN JUL
MEDIAN SALES PRICE
AUG
$443
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$650 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
San Marino DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$2,550,000
$2,275,000
$1,850,000
$3,125,000
22.5%
Average Price per Square Foot ...........................
$890
$845
$775
$966
8.5%
Properties Sold .......................................................
8
10
7
20
150.0%
Properties Pending Sale .......................................
12
11
18
14
16.7%
Properties For Sale ................................................
34
44
37
34
0.0%
Days on Market (Pending Sale) ...........................
41
62
73
63
53.7%
Month’s Supply of Inventory ................................
4.2
4.4
5.3
1.7
-60.0%
Percent Under Contract ........................................
35.3%
25.0%
48.6%
41.2%
16.7%
Average Median Price for Last 12 Months ........
$2,178,000
$2,348,833
$2,484,667
$2,338,000
7.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$2.550
MAY
$3,125,000
JUN JUL
MEDIAN SALES PRICE
AUG
$966
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$3.125 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Sierra Madre DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,013,000
$971,000
$1,114,000
$988,000
-2.5%
Average Price per Square Foot ...........................
$461
$489
$503
$520
12.8%
Properties Sold .......................................................
10
5
6
9
-10.0%
Properties Pending Sale .......................................
13
13
7
13
0.0%
Properties For Sale ................................................
27
19
6
20
-25.9%
Days on Market (Pending Sale) ...........................
92
50
60
47
-48.9%
Month’s Supply of Inventory ................................
2.7
3.8
1
2.2
-17.7%
Percent Under Contract ........................................
48.1%
68.4%
116.7%
65.0%
35.0%
Average Median Price for Last 12 Months ........
$893,417
$1,031,833
$1,083,333
$1,003,077
12.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.013
MAY
$988,000
JUN JUL
MEDIAN SALES PRICE
AUG
$520
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$988 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
South Pasadena DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,268,788
$1,300,000
$1,005,000
$1,550,000
22.2%
Average Price per Square Foot ...........................
$482
$524
$470
$637
32.2%
Properties Sold .......................................................
10
4
7
11
10.0%
Properties Pending Sale .......................................
8
13
9
10
25.0%
Properties For Sale ................................................
13
19
18
20
53.8%
Days on Market (Pending Sale) ...........................
61
53
69
46
-24.6%
Month’s Supply of Inventory ................................
1.3
4.8
2.6
1.8
39.9%
Percent Under Contract ........................................
61.5%
68.4%
50.0%
50.0%
-18.8%
Average Median Price for Last 12 Months ........
$1,175,649
$1,191,500
$1,188,333
$1,235,138
5.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.268
MAY
$1,550,000
JUN JUL
MEDIAN SALES PRICE
AUG
$637
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.550 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Orange County
Orange County Macro
Ladera Ranch
San Clemente
Aliso Viejo
Laguna Beach
San Juan Capistrano
Balboa Peninsula
Laguna Hills
Shady Canyon
Corona del Mar - Spyglass
Laguna Niguel
Turtle Ridge
Coto de Caza
Laguna Woods
Turtle Rock
Crystal Cove
Lower Newport Bay - Balboa Island
West Bay - Santa Ana Heights
Dana Point
Mission Viejo
West Newport - Lido
East Bluff - Harbor View
Nelle Gail
Westminster
East Costa Mesa
Newport Beach
Fountain Valley
Newport Coast
Huntington Beach
Newport Heights
Irvine
Rancho Santa Margarita
Micro Market Report : April 2016
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : April 2016
telesproperties.com
Orange County DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$695,000
$695,000
$695,000
$730,000
5.0%
Average Price per Square Foot ...........................
$409
$424
$423
$420
2.7%
Properties Sold .......................................................
1882
1498
1144
1704
-9.5%
Properties Pending Sale .......................................
2016
1635
1248
2068
2.6%
Properties For Sale ................................................
6,659
6,820
5,125
6,802
2.1%
Days on Market (Pending Sale) ...........................
61
62
64
47
-23.0%
Month’s Supply of Inventory ................................
3.5
4.6
4.5
4
12.8%
Percent Under Contract ........................................
30.3%
24.0%
24.4%
30.4%
0.4%
Average Median Price for Last 12 Months ........
$675,429
$706,917
$715,500
$705,115
4.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$695
MAY
$730,000
JUN JUL
MEDIAN SALES PRICE
AUG
$420
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$730 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Aliso Viejo DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$765,000
$703,500
$775,000
$710,000
-7.2%
Average Price per Square Foot ...........................
$352
$360
$379
$379
7.7%
Properties Sold .......................................................
21
16
12
24
14.3%
Properties Pending Sale .......................................
27
19
20
34
25.9%
Properties For Sale ................................................
71
75
62
86
21.1%
Days on Market (Pending Sale) ...........................
53
63
50
41
-22.6%
Month’s Supply of Inventory ................................
3.4
4.7
5.2
3.6
6.0%
Percent Under Contract ........................................
38.0%
25.3%
32.3%
39.5%
4.0%
Average Median Price for Last 12 Months ........
$723,208
$743,375
$731,750
$746,135
3.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$765
MAY
$710,000
JUN JUL
MEDIAN SALES PRICE
AUG
$379
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$710 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Balboa Peninsula DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,669,500
$1,610,000
$2,825,000
$4,350,000
160.6%
Average Price per Square Foot ...........................
$1,435
$1,336
$1,087
$1,754
22.2%
Properties Sold .......................................................
2
3
3
3
50.0%
Properties Pending Sale .......................................
4
7
3
6
50.0%
Properties For Sale ................................................
35
38
31
57
62.9%
Days on Market (Pending Sale) ...........................
114
100
71
60
-47.4%
Month’s Supply of Inventory ................................
17.5
12.7
10.3
19
8.6%
Percent Under Contract ........................................
11.4%
18.4%
9.7%
10.5%
-7.9%
Average Median Price for Last 12 Months ........
$2,823,083
$2,782,083
$3,022,500
$2,733,423
-3.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.669
MAY
$4,350,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,754
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
19 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$4.350 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Corona del Mar - Spyglass DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$2,500,000
$2,790,000
$2,595,000
$2,515,000
0.6%
Average Price per Square Foot ...........................
$1,025
$1,099
$918
$1,072
4.6%
Properties Sold .......................................................
7
16
9
10
42.9%
Properties Pending Sale .......................................
15
22
8
18
20.0%
Properties For Sale ................................................
95
104
80
91
-4.2%
Days on Market (Pending Sale) ...........................
88
98
138
103
17.0%
Month’s Supply of Inventory ................................
13.6
6.5
8.9
9.1
-32.9%
Percent Under Contract ........................................
15.8%
21.2%
10.0%
19.8%
25.3%
Average Median Price for Last 12 Months ........
$2,082,941
$2,813,917
$2,992,500
$2,718,308
30.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$2.500
MAY
$2,515,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,072
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
9.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.515 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Coto de Caza DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,000,050
$1,185,000
$1,247,500
$954,000
-4.6%
Average Price per Square Foot ...........................
$331
$367
$314
$327
-1.2%
Properties Sold .......................................................
33
15
11
22
-33.3%
Properties Pending Sale .......................................
24
12
17
39
62.5%
Properties For Sale ................................................
124
125
97
164
32.3%
Days on Market (Pending Sale) ...........................
65
72
90
59
-9.2%
Month’s Supply of Inventory ................................
3.8
8.3
8.8
7.5
98.4%
Percent Under Contract ........................................
19.4%
9.6%
17.5%
23.8%
22.9%
Average Median Price for Last 12 Months ........
$1,179,129
$1,204,633
$1,132,350
$1,141,378
-3.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.000
MAY
$954,000
JUN JUL
MEDIAN SALES PRICE
AUG
$327
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
7.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$954 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Crystal Cove DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$11,617,444
$4,000,000
$4,000,000
$4,990,000
-57.0%
Average Price per Square Foot ...........................
$959
$1,061
$942
$856
-10.7%
Properties Sold .......................................................
14
7
1
3
-78.6%
Properties Pending Sale .......................................
13
10
0
3
-76.9%
Properties For Sale ................................................
26
19
18
23
-11.5%
Days on Market (Pending Sale) ...........................
175
278
0
74
-57.7%
Month’s Supply of Inventory ................................
1.9
2.7
18
7.7
312.8%
Percent Under Contract ........................................
50.0%
52.6%
0.0%
13.0%
-73.9%
Average Median Price for Last 12 Months ........
$5,857,094
$8,280,778
$8,301,296
$8,336,569
42.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $11.617
APR MAY
$4,990,000
JUN JUL
MEDIAN SALES PRICE
AUG
$856
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
7.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$4.990 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Dana Point DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,029,500
$922,500
$910,000
$950,138
-7.7%
Average Price per Square Foot ...........................
$592
$625
$610
$666
12.5%
Properties Sold .......................................................
34
28
19
34
0.0%
Properties Pending Sale .......................................
36
21
16
35
-2.8%
Properties For Sale ................................................
183
150
135
185
1.1%
Days on Market (Pending Sale) ...........................
112
142
96
53
-52.7%
Month’s Supply of Inventory ................................
5.4
5.4
7.1
5.4
1.1%
Percent Under Contract ........................................
19.7%
14.0%
11.9%
18.9%
-3.8%
Average Median Price for Last 12 Months ........
$960,524
$1,048,881
$1,148,796
$1,038,438
8.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.029
MAY
$950,138
JUN JUL
MEDIAN SALES PRICE
AUG
$666
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$950 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
East Bluff - Harbor View DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,870,938
$1,825,000
$2,047,500
$1,820,000
-2.7%
Average Price per Square Foot ...........................
$672
$672
$730
$735
9.4%
Properties Sold .......................................................
23
15
14
27
17.4%
Properties Pending Sale .......................................
23
12
17
26
13.0%
Properties For Sale ................................................
102
95
80
99
-2.9%
Days on Market (Pending Sale) ...........................
66
70
81
52
-21.2%
Month’s Supply of Inventory ................................
4.4
6.3
5.7
3.7
-17.3%
Percent Under Contract ........................................
22.5%
12.6%
21.2%
26.3%
16.5%
Average Median Price for Last 12 Months ........
$1,741,495
$1,836,467
$1,821,667
$1,843,441
5.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.870
MAY
$1,820,000
JUN JUL
MEDIAN SALES PRICE
AUG
$735
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.820 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
East Costa Mesa DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,005,772
$892,250
$988,046
$949,000
-5.6%
Average Price per Square Foot ...........................
$513
$491
$687
$601
17.2%
Properties Sold .......................................................
25
15
8
7
-72.0%
Properties Pending Sale .......................................
23
20
13
10
-56.5%
Properties For Sale ................................................
57
55
40
59
3.5%
Days on Market (Pending Sale) ...........................
63
65
62
53
-15.9%
Month’s Supply of Inventory ................................
2.3
3.7
5
8.4
269.7%
Percent Under Contract ........................................
40.4%
36.4%
32.5%
16.9%
-58.0%
Average Median Price for Last 12 Months ........
$923,037
$1,036,091
$997,000
$958,640
3.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.005
MAY
$949,000
JUN JUL
MEDIAN SALES PRICE
AUG
$601
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
8.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$949 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Fountain Valley DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$745,000
$729,900
$674,500
$739,500
-0.7%
Average Price per Square Foot ...........................
$341
$354
$355
$360
5.6%
Properties Sold .......................................................
29
25
16
32
10.3%
Properties Pending Sale .......................................
19
32
19
39
105.3%
Properties For Sale ................................................
70
78
58
72
2.9%
Days on Market (Pending Sale) ...........................
38
47
51
37
-2.6%
Month’s Supply of Inventory ................................
2.4
3.1
3.6
2.2
-6.8%
Percent Under Contract ........................................
27.1%
41.0%
32.8%
54.2%
99.6%
Average Median Price for Last 12 Months ........
$685,617
$711,000
$717,167
$722,454
5.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$745
MAY
$739,500
JUN JUL
MEDIAN SALES PRICE
AUG
$360
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$739 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Huntington Beach DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$746,500
$802,500
$805,000
$805,000
7.8%
Average Price per Square Foot ...........................
$455
$444
$480
$444
-2.4%
Properties Sold .......................................................
112
92
95
115
2.7%
Properties Pending Sale .......................................
134
118
80
112
-16.4%
Properties For Sale ................................................
390
412
283
385
-1.3%
Days on Market (Pending Sale) ...........................
58
55
49
61
5.2%
Month’s Supply of Inventory ................................
3.5
4.5
3
3.3
-3.9%
Percent Under Contract ........................................
34.4%
28.6%
28.3%
29.1%
-15.3%
Average Median Price for Last 12 Months ........
$758,788
$801,575
$798,150
$797,346
5.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$746
MAY
$805,000
JUN JUL
MEDIAN SALES PRICE
AUG
$444
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$805 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Irvine DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$981,750
$965,500
$830,000
$950,000
-3.2%
Average Price per Square Foot ...........................
$461
$437
$456
$441
-4.3%
Properties Sold .......................................................
111
90
81
87
-21.6%
Properties Pending Sale .......................................
99
80
85
110
11.1%
Properties For Sale ................................................
389
422
313
413
6.2%
Days on Market (Pending Sale) ...........................
58
72
76
44
-24.1%
Month’s Supply of Inventory ................................
3.5
4.7
3.9
4.7
35.5%
Percent Under Contract ........................................
25.4%
19.0%
27.2%
26.6%
4.7%
Average Median Price for Last 12 Months ........
$928,958
$986,025
$1,032,550
$975,685
5.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$981
MAY
$950,000
JUN JUL
MEDIAN SALES PRICE
AUG
$441
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$950 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Ladera Ranch DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$917,000
$929,900
$823,000
$850,000
-7.3%
Average Price per Square Foot ...........................
$337
$350
$339
$342
1.5%
Properties Sold .......................................................
29
21
16
46
58.6%
Properties Pending Sale .......................................
36
18
18
33
-8.3%
Properties For Sale ................................................
135
107
88
118
-12.6%
Days on Market (Pending Sale) ...........................
70
65
54
44
-37.1%
Month’s Supply of Inventory ................................
4.7
5.1
5.5
2.6
-44.9%
Percent Under Contract ........................................
26.7%
16.8%
20.5%
28.0%
4.9%
Average Median Price for Last 12 Months ........
$855,909
$807,992
$820,000
$855,100
-0.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$917
MAY
$850,000
JUN JUL
MEDIAN SALES PRICE
AUG
$342
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Laguna Beach DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,616,875
$1,775,000
$2,059,000
$1,675,000
3.6%
Average Price per Square Foot ...........................
$977
$1,451
$1,024
$986
0.9%
Properties Sold .......................................................
35
23
20
26
-25.7%
Properties Pending Sale .......................................
38
25
16
36
-5.3%
Properties For Sale ................................................
253
248
182
274
8.3%
Days on Market (Pending Sale) ...........................
98
122
152
95
-3.1%
Month’s Supply of Inventory ................................
7.2
10.8
9.1
10.5
45.8%
Percent Under Contract ........................................
15.0%
10.1%
8.8%
13.1%
-12.5%
Average Median Price for Last 12 Months ........
$1,870,198
$2,105,250
$2,056,667
$1,982,806
6.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.616
MAY
$1,675,000
JUN JUL
MEDIAN SALES PRICE
AUG
$986
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
10.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.675 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Laguna Niguel DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$840,000
$875,750
$806,500
$915,000
8.9%
Average Price per Square Foot ...........................
$405
$403
$400
$409
1.0%
Properties Sold .......................................................
73
48
30
61
-16.4%
Properties Pending Sale .......................................
78
61
44
74
-5.1%
Properties For Sale ................................................
285
253
185
265
-7.0%
Days on Market (Pending Sale) ...........................
78
69
68
47
-39.7%
Month’s Supply of Inventory ................................
3.9
5.3
6.2
4.3
11.3%
Percent Under Contract ........................................
27.4%
24.1%
23.8%
27.9%
2.0%
Average Median Price for Last 12 Months ........
$818,329
$857,750
$873,333
$857,865
4.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$840
MAY
$915,000
JUN JUL
MEDIAN SALES PRICE
AUG
$409
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$915 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Laguna Hills DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$825,000
$1,110,000
$707,500
$717,500
-13.0%
Average Price per Square Foot ...........................
$397
$359
$389
$354
-10.8%
Properties Sold .......................................................
21
20
16
25
19.0%
Properties Pending Sale .......................................
19
28
17
25
31.6%
Properties For Sale ................................................
98
132
94
116
18.4%
Days on Market (Pending Sale) ...........................
60
52
74
61
1.7%
Month’s Supply of Inventory ................................
4.7
6.6
5.9
4.6
-0.6%
Percent Under Contract ........................................
19.4%
21.2%
18.1%
21.6%
11.2%
Average Median Price for Last 12 Months ........
$756,438
$740,000
$757,500
$798,229
5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$825
MAY
$717,500
JUN JUL
MEDIAN SALES PRICE
AUG
$354
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$717 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Laguna Woods DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$0
$0
$0
$0
n/a
Average Price per Square Foot ...........................
$0
$0
$0
$0
n/a
Properties Sold .......................................................
0
0
0
0
n/a
Properties Pending Sale .......................................
0
0
0
0
n/a
Properties For Sale ................................................
0
0
1
0
n/a
Days on Market (Pending Sale) ...........................
0
0
0
0
n/a
Month’s Supply of Inventory ................................
n/a
n/a
n/a
n/a
n/a
Percent Under Contract ........................................
n/a
n/a
0.0%
n/a
n/a
Average Median Price for Last 12 Months ........
$0
$649,000
$649,000
$777,333
n/a
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR MAY
No sales
JUN JUL
MEDIAN SALES PRICE
AUG
No sales
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
n/a MONTH’S SUPPLY OF INVENTORY
FEB MAR APR M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$2,900,000
$3,554,500
$4,202,500
$3,125,000
7.8%
Average Price per Square Foot ...........................
$1,123
$1,513
$1,346
$1,306
16.3%
Properties Sold .......................................................
5
4
6
5
0.0%
Properties Pending Sale .......................................
9
7
4
4
-55.6%
Properties For Sale ................................................
37
35
27
28
-24.3%
Days on Market (Pending Sale) ...........................
85
106
157
176
107.1%
Month’s Supply of Inventory ................................
7.4
8.7
4.5
5.6
-24.3%
Percent Under Contract ........................................
24.3%
20.0%
14.8%
14.3%
-41.3%
Average Median Price for Last 12 Months ........
$3,065,332
$3,150,417
$2,658,333
$3,310,846
8.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$2.900
MAY
$3,125,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,306
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$3.125 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Mission Viejo DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$630,000
$659,900
$697,000
$670,000
6.3%
Average Price per Square Foot ...........................
$334
$337
$349
$351
5.1%
Properties Sold .......................................................
107
87
66
80
-25.2%
Properties Pending Sale .......................................
127
92
54
113
-11.0%
Properties For Sale ................................................
302
304
201
284
-6.0%
Days on Market (Pending Sale) ...........................
55
64
56
40
-27.3%
Month’s Supply of Inventory ................................
2.8
3.5
3
3.6
25.8%
Percent Under Contract ........................................
42.1%
30.3%
26.9%
39.8%
-5.4%
Average Median Price for Last 12 Months ........
$638,242
$663,833
$662,000
$665,896
4.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$630
MAY
$670,000
JUN JUL
MEDIAN SALES PRICE
AUG
$351
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$670 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Monarch Beach DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,250,000
$2,690,000
$1,520,500
$2,250,000
80.0%
Average Price per Square Foot ...........................
$659
$880
$992
$965
46.4%
Properties Sold .......................................................
18
9
8
11
-38.9%
Properties Pending Sale .......................................
15
8
6
12
-20.0%
Properties For Sale ................................................
78
67
70
92
17.9%
Days on Market (Pending Sale) ...........................
104
213
94
48
-53.8%
Month’s Supply of Inventory ................................
4.3
7.4
8.7
8.4
93.0%
Percent Under Contract ........................................
19.2%
11.9%
8.6%
13.0%
-32.2%
Average Median Price for Last 12 Months ........
$1,401,854
$1,675,604
$1,806,042
$1,680,163
19.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.250
MAY
$2,250,000
JUN JUL
MEDIAN SALES PRICE
AUG
$965
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
8.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.250 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Nelle Gail DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$914,850
$1,120,000
$707,500
$717,500
-21.6%
Average Price per Square Foot ...........................
$399
$359
$391
$353
-11.5%
Properties Sold .......................................................
19
19
16
23
21.1%
Properties Pending Sale .......................................
17
27
17
25
47.1%
Properties For Sale ................................................
99
131
93
115
16.2%
Days on Market (Pending Sale) ...........................
59
51
74
61
3.4%
Month’s Supply of Inventory ................................
5.2
6.9
5.8
5
-4.0%
Percent Under Contract ........................................
17.2%
20.6%
18.3%
21.7%
26.6%
Average Median Price for Last 12 Months ........
$775,800
$742,917
$757,500
$810,718
4.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $914
APR MAY
$717,500
JUN JUL
MEDIAN SALES PRICE
AUG
$353
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$717 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Newport Beach DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,867,500
$2,035,000
$2,095,000
$1,925,000
3.1%
Average Price per Square Foot ...........................
$755
$862
$814
$862
14.2%
Properties Sold .......................................................
62
41
41
62
0.0%
Properties Pending Sale .......................................
73
53
45
57
-21.9%
Properties For Sale ................................................
336
317
256
353
5.1%
Days on Market (Pending Sale) ...........................
117
88
84
70
-40.2%
Month’s Supply of Inventory ................................
5.4
7.7
6.2
5.7
5.1%
Percent Under Contract ........................................
21.7%
16.7%
17.6%
16.1%
-25.7%
Average Median Price for Last 12 Months ........
$1,809,451
$1,931,667
$1,956,667
$1,943,365
7.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.867
MAY
$1,925,000
JUN JUL
MEDIAN SALES PRICE
AUG
$862
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.925 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Newport Coast DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$2,802,500
$2,598,000
$2,390,000
$2,350,000
-16.1%
Average Price per Square Foot ...........................
$930
$835
$786
$722
-22.4%
Properties Sold .......................................................
14
7
4
14
0.0%
Properties Pending Sale .......................................
14
10
10
17
21.4%
Properties For Sale ................................................
86
100
91
113
31.4%
Days on Market (Pending Sale) ...........................
49
110
94
68
38.8%
Month’s Supply of Inventory ................................
6.1
14.3
22.8
8.1
31.4%
Percent Under Contract ........................................
16.3%
10.0%
11.0%
15.0%
-7.6%
Average Median Price for Last 12 Months ........
$3,168,006
$2,737,083
$2,360,833
$3,026,697
-4.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$2.802
MAY
$2,350,000
JUN JUL
MEDIAN SALES PRICE
AUG
$722
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
8.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.350 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Newport Heights DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$2,430,000
$1,290,000
$1,500,000
$1,354,500
-44.3%
Average Price per Square Foot ...........................
$655
$564
$766
$713
8.9%
Properties Sold .......................................................
7
3
5
4
-42.9%
Properties Pending Sale .......................................
5
5
3
2
-60.0%
Properties For Sale ................................................
31
33
20
42
35.5%
Days on Market (Pending Sale) ...........................
41
67
120
48
17.1%
Month’s Supply of Inventory ................................
4.4
11
4
10.5
137.1%
Percent Under Contract ........................................
16.1%
15.2%
15.0%
4.8%
-70.5%
Average Median Price for Last 12 Months ........
$1,834,913
$1,477,833
$1,466,500
$1,613,808
-12.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.430
APR MAY
$1,354,500
JUN JUL
MEDIAN SALES PRICE
AUG
$713
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
10.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.354 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Rancho Santa Margarita DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$675,000
$703,000
$741,250
$765,000
13.3%
Average Price per Square Foot ...........................
$325
$332
$320
$314
-3.4%
Properties Sold .......................................................
48
40
30
43
-10.4%
Properties Pending Sale .......................................
68
45
30
57
-16.2%
Properties For Sale ................................................
146
150
92
133
-8.9%
Days on Market (Pending Sale) ...........................
49
76
56
44
-10.2%
Month’s Supply of Inventory ................................
3
3.8
3.1
3.1
1.7%
Percent Under Contract ........................................
46.6%
30.0%
32.6%
42.9%
-8.0%
Average Median Price for Last 12 Months ........
$652,174
$719,625
$711,667
$696,942
6.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$675
MAY
$765,000
JUN JUL
MEDIAN SALES PRICE
AUG
$314
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$765 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
San Clemente DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$855,000
$881,000
$877,500
$900,000
5.3%
Average Price per Square Foot ...........................
$405
$421
$416
$405
0.0%
Properties Sold .......................................................
59
44
38
82
39.0%
Properties Pending Sale .......................................
80
58
50
85
6.2%
Properties For Sale ................................................
288
312
243
338
17.4%
Days on Market (Pending Sale) ...........................
59
79
76
62
5.1%
Month’s Supply of Inventory ................................
4.9
7.1
6.4
4.1
-15.6%
Percent Under Contract ........................................
27.8%
18.6%
20.6%
25.1%
-9.5%
Average Median Price for Last 12 Months ........
$838,167
$933,989
$916,333
$910,403
8.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$855
MAY
$900,000
JUN JUL
MEDIAN SALES PRICE
AUG
$405
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$900 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
San Juan Capistrano DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$698,750
$805,500
$1,159,000
$1,060,000
51.7%
Average Price per Square Foot ...........................
$356
$373
$337
$329
-7.6%
Properties Sold .......................................................
23
27
21
19
-17.4%
Properties Pending Sale .......................................
33
16
30
33
0.0%
Properties For Sale ................................................
142
146
127
183
28.9%
Days on Market (Pending Sale) ...........................
71
95
67
61
-14.1%
Month’s Supply of Inventory ................................
6.2
5.4
6
9.6
56.0%
Percent Under Contract ........................................
23.2%
11.0%
23.6%
18.0%
-22.4%
Average Median Price for Last 12 Months ........
$767,595
$1,017,752
$909,171
$953,328
24.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$698
MAY
$1,060,000
JUN JUL
MEDIAN SALES PRICE
AUG
$329
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
9.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.060 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Shady Canyon DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$0
$0
$0
$0
n/a
Average Price per Square Foot ...........................
$0
$0
$0
$0
n/a
Properties Sold .......................................................
0
0
0
0
n/a
Properties Pending Sale .......................................
0
0
0
0
n/a
Properties For Sale ................................................
1
0
0
0
-100.0%
Days on Market (Pending Sale) ...........................
0
0
0
0
n/a
Month’s Supply of Inventory ................................
n/a
n/a
n/a
n/a
n/a
Percent Under Contract ........................................
0.0%
n/a
n/a
n/a
n/a
Average Median Price for Last 12 Months ........
$3,375,000
n/a
n/a
$6,000,000
77.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR MAY
No sales
JUN JUL
MEDIAN SALES PRICE
AUG
No sales
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
n/a MONTH’S SUPPLY OF INVENTORY
FEB MAR APR M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Turtle Ridge DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,817,500
$2,275,500
$3,485,000
$0
-100.0%
Average Price per Square Foot ...........................
$905
$681
$737
$0
-100.0%
Properties Sold .......................................................
1
4
2
0
-100.0%
Properties Pending Sale .......................................
5
3
3
4
-20.0%
Properties For Sale ................................................
25
17
18
19
-24.0%
Days on Market (Pending Sale) ...........................
160
164
165
68
-57.5%
Month’s Supply of Inventory ................................
25
4.2
9
n/a
n/a
Percent Under Contract ........................................
20.0%
17.6%
16.7%
21.1%
5.3%
Average Median Price for Last 12 Months ........
$2,412,370
$3,000,000
$3,110,000
$2,457,955
1.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.817
MAY
No sales
JUN JUL
MEDIAN SALES PRICE
AUG
No sales
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
n/a MONTH’S SUPPLY OF INVENTORY
FEB MAR APR M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Turtle Rock DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,075,000
$1,342,000
$0
$0
-100.0%
Average Price per Square Foot ...........................
$588
$0
$0
$0
-100.0%
Properties Sold .......................................................
4
0
0
0
-100.0%
Properties Pending Sale .......................................
3
0
0
1
-66.7%
Properties For Sale ................................................
9
3
1
1
-88.9%
Days on Market (Pending Sale) ...........................
33
0
0
68
106.1%
Month’s Supply of Inventory ................................
2.2
n/a
n/a
n/a
n/a
Percent Under Contract ........................................
33.3%
0.0%
0.0%
100.0%
200.0%
Average Median Price for Last 12 Months ........
$1,252,292
$1,060,000
$1,095,000
$1,232,531
-1.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.075
MAY
No sales
JUN JUL
MEDIAN SALES PRICE
AUG
No sales
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
n/a MONTH’S SUPPLY OF INVENTORY
FEB MAR APR M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Westminster DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$535,000
$600,000
$535,000
$581,000
8.6%
Average Price per Square Foot ...........................
$346
$322
$342
$369
6.6%
Properties Sold .......................................................
29
41
21
26
-10.3%
Properties Pending Sale .......................................
32
32
29
50
56.2%
Properties For Sale ................................................
101
110
78
92
-8.9%
Days on Market (Pending Sale) ...........................
34
47
40
34
0.0%
Month’s Supply of Inventory ................................
3.5
2.7
3.7
3.5
1.6%
Percent Under Contract ........................................
31.7%
29.1%
37.2%
54.3%
71.5%
Average Median Price for Last 12 Months ........
$536,979
$567,083
$580,000
$565,996
5.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$535
MAY
$581,000
JUN JUL
MEDIAN SALES PRICE
AUG
$369
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$581 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
West Bay - Santa Ana Heights DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,466,000
$2,100,000
$1,622,500
$1,800,000
22.8%
Average Price per Square Foot ...........................
$565
$776
$781
$609
7.8%
Properties Sold .......................................................
10
11
4
13
30.0%
Properties Pending Sale .......................................
10
15
11
11
10.0%
Properties For Sale ................................................
69
68
52
70
1.4%
Days on Market (Pending Sale) ...........................
62
115
49
42
-32.3%
Month’s Supply of Inventory ................................
6.9
6.2
13
5.4
-22.0%
Percent Under Contract ........................................
14.5%
22.1%
21.2%
15.7%
8.4%
Average Median Price for Last 12 Months ........
$1,495,691
$1,653,083
$1,632,000
$1,615,769
8.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.466
MAY
$1,800,000
JUN JUL
MEDIAN SALES PRICE
AUG
$609
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.800 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
West Newport - Lido DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$2,585,000
$3,025,000
$2,837,500
$2,350,000
-9.1%
Average Price per Square Foot ...........................
$985
$1,110
$1,122
$1,275
29.4%
Properties Sold .......................................................
6
4
9
9
50.0%
Properties Pending Sale .......................................
7
7
7
8
14.3%
Properties For Sale ................................................
48
47
46
57
18.8%
Days on Market (Pending Sale) ...........................
80
45
92
125
56.2%
Month’s Supply of Inventory ................................
8
11.8
5.1
6.3
-20.8%
Percent Under Contract ........................................
14.6%
14.9%
15.2%
14.0%
-3.8%
Average Median Price for Last 12 Months ........
$2,123,727
$2,142,167
$1,871,833
$2,327,346
9.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$2.585
MAY
$2,350,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,275
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
6.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.350 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Santa Barbara County
Carpinteria
Santa Barbara East of State
Goleta
Santa Barbara West of State
Hope Ranch
Santa Ynez
Montecito
Micro Market Report : April 2016
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : April 2016
telesproperties.com
Carpinteria DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$795,000
$845,000
$747,500
$856,000
7.7%
Average Price per Square Foot ...........................
$658
$1,220
$590
$555
-15.7%
Properties Sold .......................................................
7
7
2
4
-42.9%
Properties Pending Sale .......................................
11
6
4
9
-18.2%
Properties For Sale ................................................
40
28
28
36
-10.0%
Days on Market (Pending Sale) ...........................
26
62
20
77
196.2%
Month’s Supply of Inventory ................................
5.7
4
14
9
57.5%
Percent Under Contract ........................................
27.5%
21.4%
14.3%
25.0%
-9.1%
Average Median Price for Last 12 Months ........
$1,194,313
$1,074,154
$1,181,808
$997,527
-16.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$795
MAY
$856,000
JUN JUL
MEDIAN SALES PRICE
AUG
$555
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$856 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Goleta DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$835,000
$900,000
$745,500
$847,500
1.5%
Average Price per Square Foot ...........................
$417
$493
$504
$564
35.3%
Properties Sold .......................................................
11
9
8
10
-9.1%
Properties Pending Sale .......................................
11
7
5
10
-9.1%
Properties For Sale ................................................
35
28
24
38
8.6%
Days on Market (Pending Sale) ...........................
19
58
40
45
136.8%
Month’s Supply of Inventory ................................
3.2
3.1
3
3.8
19.4%
Percent Under Contract ........................................
31.4%
25.0%
20.8%
26.3%
-16.3%
Average Median Price for Last 12 Months ........
$772,688
$798,421
$827,509
$812,788
5.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$835
MAY
$847,500
JUN JUL
MEDIAN SALES PRICE
AUG
$564
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$847 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Hope Ranch DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$4,685,000
$6,122,500
$0
$5,175,000
10.5%
Average Price per Square Foot ...........................
$1,100
$1,009
$0
$1,166
6.0%
Properties Sold .......................................................
4
4
0
1
-75.0%
Properties Pending Sale .......................................
4
2
1
6
50.0%
Properties For Sale ................................................
24
15
16
32
33.3%
Days on Market (Pending Sale) ...........................
92
104
3
159
72.8%
Month’s Supply of Inventory ................................
6
3.8
n/a
32
433.3%
Percent Under Contract ........................................
16.7%
13.3%
6.2%
18.8%
12.5%
Average Median Price for Last 12 Months ........
$2,813,917
$4,112,700
$5,259,167
$4,193,375
49.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$4.685
MAY
$5,175,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,166
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
32 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$5.175 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Montecito DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$2,580,000
$2,277,500
$3,925,000
$3,350,000
29.8%
Average Price per Square Foot ...........................
$856
$1,000
$1,094
$844
-1.4%
Properties Sold .......................................................
12
14
22
15
25.0%
Properties Pending Sale .......................................
19
15
16
20
5.3%
Properties For Sale ................................................
161
167
130
188
16.8%
Days on Market (Pending Sale) ...........................
75
98
59
122
62.7%
Month’s Supply of Inventory ................................
13.4
11.9
5.9
12.5
-6.6%
Percent Under Contract ........................................
11.8%
9.0%
12.3%
10.6%
-9.9%
Average Median Price for Last 12 Months ........
$3,274,234
$3,302,500
$3,537,500
$3,080,769
-5.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$2.580
MAY
$3,350,000
JUN JUL
MEDIAN SALES PRICE
AUG
$844
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
12.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$3.350 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Santa Barbara East of State DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,100,000
$1,007,500
$1,451,000
$1,291,250
17.4%
Average Price per Square Foot ...........................
$603
$695
$676
$697
15.6%
Properties Sold .......................................................
21
26
18
46
119.0%
Properties Pending Sale .......................................
37
18
15
35
-5.4%
Properties For Sale ................................................
148
128
117
130
-12.2%
Days on Market (Pending Sale) ...........................
46
67
62
45
-2.2%
Month’s Supply of Inventory ................................
7
4.9
6.5
2.8
-59.9%
Percent Under Contract ........................................
25.0%
14.1%
12.8%
26.9%
7.7%
Average Median Price for Last 12 Months ........
$1,206,146
$1,419,125
$1,240,750
$1,291,769
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.100
MAY
$1,291,250
JUN JUL
MEDIAN SALES PRICE
AUG
$697
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.291 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Santa Barbara West of State DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$847,500
$1,135,000
$1,236,000
$976,500
15.2%
Average Price per Square Foot ...........................
$614
$645
$826
$647
5.4%
Properties Sold .......................................................
26
15
17
16
-38.5%
Properties Pending Sale .......................................
26
15
19
23
-11.5%
Properties For Sale ................................................
64
74
46
79
23.4%
Days on Market (Pending Sale) ...........................
58
51
47
41
-29.3%
Month’s Supply of Inventory ................................
2.5
4.9
2.7
4.9
100.6%
Percent Under Contract ........................................
40.6%
20.3%
41.3%
29.1%
-28.3%
Average Median Price for Last 12 Months ........
$1,001,500
$1,058,721
$1,046,917
$1,066,140
6.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$847
MAY
$976,500
JUN JUL
MEDIAN SALES PRICE
AUG
$647
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$976 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Santa Ynez DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$992,000
$840,000
$685,000
$635,000
-36.0%
Average Price per Square Foot ...........................
$653
$338
$365
$439
-32.8%
Properties Sold .......................................................
8
8
15
9
12.5%
Properties Pending Sale .......................................
16
11
13
25
56.2%
Properties For Sale ................................................
100
123
121
170
70.0%
Days on Market (Pending Sale) ...........................
161
76
147
91
-43.5%
Month’s Supply of Inventory ................................
12.5
15.4
8.1
18.9
51.1%
Percent Under Contract ........................................
16.0%
8.9%
10.7%
14.7%
-8.1%
Average Median Price for Last 12 Months ........
$742,667
$700,083
$725,000
$771,596
3.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $992
APR MAY
$635,000
JUN JUL
MEDIAN SALES PRICE
AUG
$439
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
18.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$635 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Monterey County
Carmel
Pacific Grove
Carmel Valley
Pebble Beach
Marina
Salinas
Monterey
Seaside
Micro Market Report : April 2016
telesproperties.com
County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : April 2016
telesproperties.com
Carmel DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,277,500
$1,284,000
$1,547,500
$1,775,000
38.9%
Average Price per Square Foot ...........................
$831
$777
$1,168
$979
17.8%
Properties Sold .......................................................
16
21
20
25
56.2%
Properties Pending Sale .......................................
25
30
21
32
28.0%
Properties For Sale ................................................
143
173
124
153
7.0%
Days on Market (Pending Sale) ...........................
86
101
77
82
-4.7%
Month’s Supply of Inventory ................................
8.9
8.2
6.2
6.1
-31.5%
Percent Under Contract ........................................
17.5%
17.3%
16.9%
20.9%
19.6%
Average Median Price for Last 12 Months ........
$1,397,513
$1,517,917
$1,382,500
$1,373,038
-1.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.277
MAY
$1,775,000
JUN JUL
MEDIAN SALES PRICE
AUG
$979
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
6.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.775 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Carmel Valley DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,100,000
$716,910
$787,500
$975,000
-11.4%
Average Price per Square Foot ...........................
$441
$340
$343
$463
5.0%
Properties Sold .......................................................
6
6
4
9
50.0%
Properties Pending Sale .......................................
13
8
5
15
15.4%
Properties For Sale ................................................
76
70
51
76
0.0%
Days on Market (Pending Sale) ...........................
258
80
88
97
-62.4%
Month’s Supply of Inventory ................................
12.7
11.7
12.8
8.4
-33.3%
Percent Under Contract ........................................
17.1%
11.4%
9.8%
19.7%
15.4%
Average Median Price for Last 12 Months ........
$913,583
$894,417
$1,000,000
$912,504
-0.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.100
MAY
$975,000
JUN JUL
MEDIAN SALES PRICE
AUG
$463
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
8.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$975 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Marina DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$427,500
$447,500
$460,000
$460,000
7.6%
Average Price per Square Foot ...........................
$313
$278
$265
$319
1.9%
Properties Sold .......................................................
12
12
9
9
-25.0%
Properties Pending Sale .......................................
10
14
9
15
50.0%
Properties For Sale ................................................
21
32
22
30
42.9%
Days on Market (Pending Sale) ...........................
61
34
37
30
-50.8%
Month’s Supply of Inventory ................................
1.8
2.7
2.4
3.3
90.5%
Percent Under Contract ........................................
47.6%
43.8%
40.9%
50.0%
5.0%
Average Median Price for Last 12 Months ........
$430,337
$464,667
$469,167
$455,919
5.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$427
MAY
$460,000
JUN JUL
MEDIAN SALES PRICE
AUG
$319
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$460 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Monterey DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$712,000
$644,500
$782,000
$797,500
12.0%
Average Price per Square Foot ...........................
$769
$487
$386
$464
-39.7%
Properties Sold .......................................................
22
24
10
18
-18.2%
Properties Pending Sale .......................................
27
29
15
24
-11.1%
Properties For Sale ................................................
89
102
80
85
-4.5%
Days on Market (Pending Sale) ...........................
57
76
93
69
21.1%
Month’s Supply of Inventory ................................
4
4.2
8
4.7
16.7%
Percent Under Contract ........................................
30.3%
28.4%
18.8%
28.2%
-6.9%
Average Median Price for Last 12 Months ........
$677,213
$698,792
$716,083
$708,788
4.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$712
MAY
$797,500
JUN JUL
MEDIAN SALES PRICE
AUG
$464
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$797 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Pacific Grove DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$727,500
$860,000
$812,500
$792,500
8.9%
Average Price per Square Foot ...........................
$482
$560
$555
$566
17.4%
Properties Sold .......................................................
11
13
10
16
45.5%
Properties Pending Sale .......................................
21
10
9
18
-14.3%
Properties For Sale ................................................
57
61
46
62
8.8%
Days on Market (Pending Sale) ...........................
48
79
41
37
-22.9%
Month’s Supply of Inventory ................................
5.2
4.7
4.6
3.9
-25.2%
Percent Under Contract ........................................
36.8%
16.4%
19.6%
29.0%
-21.2%
Average Median Price for Last 12 Months ........
$753,958
$833,667
$800,667
$806,769
7.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$727
MAY
$792,500
JUN JUL
MEDIAN SALES PRICE
AUG
$566
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$792 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Pebble Beach DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,340,000
$1,675,000
$1,700,000
$1,295,000
-3.4%
Average Price per Square Foot ...........................
$555
$711
$748
$562
1.3%
Properties Sold .......................................................
11
17
7
11
0.0%
Properties Pending Sale .......................................
9
12
9
8
-11.1%
Properties For Sale ................................................
73
87
67
76
4.1%
Days on Market (Pending Sale) ...........................
101
60
84
51
-49.5%
Month’s Supply of Inventory ................................
6.6
5.1
9.6
6.9
4.1%
Percent Under Contract ........................................
12.3%
13.8%
13.4%
10.5%
-14.6%
Average Median Price for Last 12 Months ........
$1,461,188
$1,435,583
$1,510,833
$1,556,692
6.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.340
MAY
$1,295,000
JUN JUL
MEDIAN SALES PRICE
AUG
$562
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
6.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.295 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Salinas DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$415,000
$400,000
$427,500
$432,000
4.1%
Average Price per Square Foot ...........................
$266
$267
$257
$274
3.0%
Properties Sold .......................................................
53
55
38
50
-5.7%
Properties Pending Sale .......................................
89
67
52
73
-18.0%
Properties For Sale ................................................
223
222
162
206
-7.6%
Days on Market (Pending Sale) ...........................
42
51
48
45
7.1%
Month’s Supply of Inventory ................................
4.2
4
4.3
4.1
-2.1%
Percent Under Contract ........................................
39.9%
30.2%
32.1%
35.4%
-11.2%
Average Median Price for Last 12 Months ........
$398,308
$424,583
$430,000
$418,510
5.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$415
MAY
$432,000
JUN JUL
MEDIAN SALES PRICE
AUG
$274
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$432 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Seaside DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$371,500
$399,000
$535,000
$418,500
12.7%
Average Price per Square Foot ...........................
$302
$333
$290
$361
19.5%
Properties Sold .......................................................
19
19
9
18
-5.3%
Properties Pending Sale .......................................
19
17
21
16
-15.8%
Properties For Sale ................................................
37
40
46
42
13.5%
Days on Market (Pending Sale) ...........................
55
70
39
27
-50.9%
Month’s Supply of Inventory ................................
1.9
2.1
5.1
2.3
19.8%
Percent Under Contract ........................................
51.4%
42.5%
45.7%
38.1%
-25.8%
Average Median Price for Last 12 Months ........
$357,107
$453,542
$444,500
$429,865
20.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$371
MAY
$418,500
JUN JUL
MEDIAN SALES PRICE
AUG
$361
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$418 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
San Diego County
San Diego Macro
La Mesa
Carlsbad
Lemon Grove
Carmel Valley
National City
Chula Vista
Oceanside
Coronado
Poway
Del Mar
Rancho Bernardo
El Cajon
San Marcos
Encinitas
Santee
Escondido
Solana Beach
Imperial Beach
Vista
La Jolla
Micro Market Report : April 2016
telesproperties.com
County: SAN DIEGO Area: 4,526 SQ MILES Founded: 1850
Micro Market Report : April 2016
telesproperties.com
San Diego County DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$517,500
$525,000
$532,000
$562,500
8.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
2357
1836
1308
2193
-7.0%
Properties Pending Sale .......................................
2390
2098
1797
2628
10.0%
Properties For Sale ................................................
8,609
8,177
6,893
7,950
-7.7%
Days on Market (Pending Sale) ...........................
44
48
51
38
-13.6%
Month’s Supply of Inventory ................................
3.7
4.5
5.3
3.6
-0.7%
Percent Under Contract ........................................
27.8%
25.7%
26.1%
33.1%
19.1%
Average Median Price for Last 12 Months ........
$501,908
$540,792
$546,167
$535,885
6.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$517
MAY
$562,500
JUN JUL
MEDIAN SALES PRICE
AUG
n/a
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$562 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Carlsbad DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$782,500
$880,000
$852,500
$823,000
5.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
106
91
62
105
-0.9%
Properties Pending Sale .......................................
122
73
56
124
1.6%
Properties For Sale ................................................
388
351
280
339
-12.6%
Days on Market (Pending Sale) ...........................
43
40
51
28
-34.9%
Month’s Supply of Inventory ................................
3.7
3.9
4.5
3.2
-11.8%
Percent Under Contract ........................................
31.4%
20.8%
20.0%
36.6%
16.3%
Average Median Price for Last 12 Months ........
$795,396
$827,546
$821,926
$829,554
4.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$782
MAY
$823,000
JUN JUL
MEDIAN SALES PRICE
AUG
n/a
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$823 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Carmel Valley DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,130,000
$1,165,000
$1,052,944
$1,085,000
-4.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
45
33
26
53
17.8%
Properties Pending Sale .......................................
46
40
31
50
8.7%
Properties For Sale ................................................
183
212
175
196
7.1%
Days on Market (Pending Sale) ...........................
23
48
58
35
52.2%
Month’s Supply of Inventory ................................
4.1
6.4
6.7
3.7
-9.1%
Percent Under Contract ........................................
25.1%
18.9%
17.7%
25.5%
1.5%
Average Median Price for Last 12 Months ........
$1,119,208
$1,102,407
$1,126,333
$1,135,111
1.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.130
MAY
$1,085,000
JUN JUL
MEDIAN SALES PRICE
AUG
n/a
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.085 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Chula Vista DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$462,500
$489,919
$480,000
$519,500
12.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
170
147
105
157
-7.6%
Properties Pending Sale .......................................
156
143
136
215
37.8%
Properties For Sale ................................................
559
572
473
482
-13.8%
Days on Market (Pending Sale) ...........................
43
52
56
36
-16.3%
Month’s Supply of Inventory ................................
3.3
3.9
4.5
3.1
-6.6%
Percent Under Contract ........................................
27.9%
25.0%
28.8%
44.6%
59.8%
Average Median Price for Last 12 Months ........
$452,608
$495,750
$506,500
$487,945
7.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$462
MAY
$519,500
JUN JUL
MEDIAN SALES PRICE
AUG
n/a
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$519 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Coronado DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,660,000
$1,500,800
$1,685,000
$1,640,000
-1.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
17
16
13
20
17.6%
Properties Pending Sale .......................................
19
8
11
26
36.8%
Properties For Sale ................................................
118
124
128
137
16.1%
Days on Market (Pending Sale) ...........................
83
202
95
68
-18.1%
Month’s Supply of Inventory ................................
6.9
7.8
9.8
6.8
-1.3%
Percent Under Contract ........................................
16.1%
6.5%
8.6%
19.0%
17.9%
Average Median Price for Last 12 Months ........
$1,614,875
$1,637,373
$1,509,746
$1,707,734
5.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.660
MAY
$1,640,000
JUN JUL
MEDIAN SALES PRICE
AUG
n/a
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
6.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.640 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Del Mar DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,700,000
$1,901,250
$1,610,000
$1,606,000
-5.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
19
12
9
22
15.8%
Properties Pending Sale .......................................
13
13
10
23
76.9%
Properties For Sale ................................................
86
85
79
109
26.7%
Days on Market (Pending Sale) ...........................
58
49
65
29
-50.0%
Month’s Supply of Inventory ................................
4.5
7.1
8.8
5
9.5%
Percent Under Contract ........................................
15.1%
15.3%
12.7%
21.1%
39.6%
Average Median Price for Last 12 Months ........
$1,557,419
$1,845,208
$2,002,000
$1,856,740
16.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.700
MAY
$1,606,000
JUN JUL
MEDIAN SALES PRICE
AUG
n/a
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.606 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
El Cajon DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$443,000
$465,000
$454,250
$457,000
3.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
137
94
56
98
-28.5%
Properties Pending Sale .......................................
116
92
76
134
15.5%
Properties For Sale ................................................
382
373
337
372
-2.6%
Days on Market (Pending Sale) ...........................
48
44
54
37
-22.9%
Month’s Supply of Inventory ................................
2.8
4
6
3.8
36.1%
Percent Under Contract ........................................
30.4%
24.7%
22.6%
36.0%
18.6%
Average Median Price for Last 12 Months ........
$428,874
$450,375
$449,500
$453,862
5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$443
MAY
$457,000
JUN JUL
MEDIAN SALES PRICE
AUG
n/a
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$457 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Encinitas DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,100,000
$904,500
$1,227,000
$904,500
-17.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
41
30
27
40
-2.4%
Properties Pending Sale .......................................
47
35
27
48
2.1%
Properties For Sale ................................................
152
162
115
177
16.4%
Days on Market (Pending Sale) ...........................
48
43
58
41
-14.6%
Month’s Supply of Inventory ................................
3.7
5.4
4.3
4.4
19.4%
Percent Under Contract ........................................
30.9%
21.6%
23.5%
27.1%
-12.3%
Average Median Price for Last 12 Months ........
$1,001,724
$1,056,000
$995,667
$1,080,062
7.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.100
APR MAY
$904,500
JUN JUL
MEDIAN SALES PRICE
AUG
n/a
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$904 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Escondido DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$460,000
$449,500
$465,000
$484,500
5.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
162
126
71
132
-18.5%
Properties Pending Sale .......................................
149
120
106
185
24.2%
Properties For Sale ................................................
570
528
431
513
-10.0%
Days on Market (Pending Sale) ...........................
46
45
48
38
-17.4%
Month’s Supply of Inventory ................................
3.5
4.2
6.1
3.9
10.5%
Percent Under Contract ........................................
26.1%
22.7%
24.6%
36.1%
38.0%
Average Median Price for Last 12 Months ........
$436,433
$483,833
$506,833
$470,692
7.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$460
MAY
$484,500
JUN JUL
MEDIAN SALES PRICE
AUG
n/a
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$484 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Imperial-Beach DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$485,000
$445,000
$424,000
$406,500
-16.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
10
13
7
4
-60.0%
Properties Pending Sale .......................................
15
16
7
13
-13.3%
Properties For Sale ................................................
34
32
21
27
-20.6%
Days on Market (Pending Sale) ...........................
35
38
70
32
-8.6%
Month’s Supply of Inventory ................................
3.4
2.5
3
6.8
98.5%
Percent Under Contract ........................................
44.1%
50.0%
33.3%
48.1%
9.1%
Average Median Price for Last 12 Months ........
$423,798
$453,417
$461,000
$449,096
5.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $485
APR MAY
$406,500
JUN JUL
MEDIAN SALES PRICE
AUG
n/a
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
6.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$406 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
La Jolla DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,760,000
$1,790,000
$2,195,000
$2,050,000
16.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
33
24
19
41
24.2%
Properties Pending Sale .......................................
33
27
23
34
3.0%
Properties For Sale ................................................
239
267
247
258
7.9%
Days on Market (Pending Sale) ...........................
62
82
47
44
-29.0%
Month’s Supply of Inventory ................................
7.2
11.1
13
6.3
-13.1%
Percent Under Contract ........................................
13.8%
10.1%
9.3%
13.2%
-4.6%
Average Median Price for Last 12 Months ........
$1,703,042
$1,982,500
$1,900,000
$1,882,716
9.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.760
MAY
$2,050,000
JUN JUL
MEDIAN SALES PRICE
AUG
n/a
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
6.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.050 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
La Mesa DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$503,300
$501,500
$490,000
$530,000
5.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
66
54
41
71
7.6%
Properties Pending Sale .......................................
71
46
53
74
4.2%
Properties For Sale ................................................
189
185
198
191
1.1%
Days on Market (Pending Sale) ...........................
44
46
30
36
-18.2%
Month’s Supply of Inventory ................................
2.7
4
3.7
2.7
1.1%
Percent Under Contract ........................................
37.6%
24.9%
26.8%
38.7%
3.1%
Average Median Price for Last 12 Months ........
$461,563
$490,875
$504,333
$489,559
5.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$503
MAY
$530,000
JUN JUL
MEDIAN SALES PRICE
AUG
n/a
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$530 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Lemon Grove DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$384,000
$341,000
$403,000
$405,000
5.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
22
21
21
22
0.0%
Properties Pending Sale .......................................
21
27
16
27
28.6%
Properties For Sale ................................................
60
59
40
62
3.3%
Days on Market (Pending Sale) ...........................
48
27
40
31
-35.4%
Month’s Supply of Inventory ................................
2.9
2.2
2.5
2.8
-1.4%
Percent Under Contract ........................................
35.0%
45.8%
40.0%
43.5%
24.4%
Average Median Price for Last 12 Months ........
$359,996
$402,083
$407,000
$386,250
6.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$384
MAY
$405,000
JUN JUL
MEDIAN SALES PRICE
AUG
n/a
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$405 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
National City DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$322,500
$348,500
$345,500
$360,000
11.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
22
18
14
17
-22.7%
Properties Pending Sale .......................................
17
25
22
27
58.8%
Properties For Sale ................................................
60
61
56
49
-18.3%
Days on Market (Pending Sale) ...........................
39
24
40
34
-12.8%
Month’s Supply of Inventory ................................
3.5
2.4
2.5
2.9
-18.3%
Percent Under Contract ........................................
28.3%
41.0%
39.3%
55.1%
94.5%
Average Median Price for Last 12 Months ........
$313,658
$351,667
$357,500
$349,154
10.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$322
MAY
$360,000
JUN JUL
MEDIAN SALES PRICE
AUG
n/a
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$360 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Oceanside DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$470,000
$470,000
$476,500
$507,500
8.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
131
103
88
148
13.0%
Properties Pending Sale .......................................
154
132
106
159
3.2%
Properties For Sale ................................................
484
411
331
349
-27.9%
Days on Market (Pending Sale) ...........................
35
43
46
29
-17.1%
Month’s Supply of Inventory ................................
3.7
4
3.8
2.4
-36.2%
Percent Under Contract ........................................
31.8%
32.1%
32.0%
45.6%
43.2%
Average Median Price for Last 12 Months ........
$913,000
$479,000
$482,500
$476,123
-91.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$470
MAY
$507,500
JUN JUL
MEDIAN SALES PRICE
AUG
n/a
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$507 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Poway DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$640,000
$596,500
$608,750
$590,000
-7.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
54
26
22
39
-27.8%
Properties Pending Sale .......................................
44
35
34
61
38.6%
Properties For Sale ................................................
208
194
166
198
-4.8%
Days on Market (Pending Sale) ...........................
38
36
58
34
-10.5%
Month’s Supply of Inventory ................................
3.9
7.5
7.5
5.1
31.8%
Percent Under Contract ........................................
21.2%
18.0%
20.5%
30.8%
45.6%
Average Median Price for Last 12 Months ........
$622,938
$638,292
$635,667
$643,442
3.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$640
MAY
$590,000
JUN JUL
MEDIAN SALES PRICE
AUG
n/a
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$590 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Rancho Bernardo DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$705,000
$678,500
$709,250
$724,500
2.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
119
84
57
118
-0.8%
Properties Pending Sale .......................................
127
83
53
114
-10.2%
Properties For Sale ................................................
381
401
275
369
-3.1%
Days on Market (Pending Sale) ...........................
31
42
48
33
6.5%
Month’s Supply of Inventory ................................
4.2
4.3
5
3.1
-26.0%
Percent Under Contract ........................................
33.3%
20.7%
19.3%
30.9%
-7.3%
Average Median Price for Last 12 Months ........
$709,058
$711,708
$714,500
$715,558
0.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$705
MAY
$724,500
JUN JUL
MEDIAN SALES PRICE
AUG
n/a
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$724 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
San Marcos DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$598,950
$556,000
$555,350
$560,750
-6.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
78
57
46
82
5.1%
Properties Pending Sale .......................................
99
59
52
90
-9.1%
Properties For Sale ................................................
274
237
189
211
-23.0%
Days on Market (Pending Sale) ...........................
28
42
55
57
103.6%
Month’s Supply of Inventory ................................
3.5
4.2
4.1
2.6
-26.7%
Percent Under Contract ........................................
36.1%
24.9%
27.5%
42.7%
18.1%
Average Median Price for Last 12 Months ........
$551,083
$587,350
$593,583
$582,704
5.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$598
MAY
$560,750
JUN JUL
MEDIAN SALES PRICE
AUG
n/a
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$560 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Santee DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$435,000
$455,000
$464,850
$475,000
9.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
49
37
24
43
-12.2%
Properties Pending Sale .......................................
42
42
31
57
35.7%
Properties For Sale ................................................
96
102
85
121
26.0%
Days on Market (Pending Sale) ...........................
26
45
40
31
19.2%
Month’s Supply of Inventory ................................
2
2.8
3.5
2.8
43.6%
Percent Under Contract ........................................
43.8%
41.2%
36.5%
47.1%
7.7%
Average Median Price for Last 12 Months ........
$417,765
$459,258
$457,500
$450,677
7.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$435
MAY
$475,000
JUN JUL
MEDIAN SALES PRICE
AUG
n/a
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$475 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Solana Beach DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$2,720,000
$1,100,000
$1,475,000
$1,200,000
-55.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
6
3
6
3
-50.0%
Properties Pending Sale .......................................
7
5
10
5
-28.6%
Properties For Sale ................................................
30
42
41
35
16.7%
Days on Market (Pending Sale) ...........................
35
28
57
62
77.1%
Month’s Supply of Inventory ................................
5
14
6.8
11.7
133.3%
Percent Under Contract ........................................
23.3%
11.9%
24.4%
14.3%
-38.8%
Average Median Price for Last 12 Months ........
$1,559,447
$1,393,250
$1,295,833
$1,512,038
-3.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.720
APR MAY
$1,200,000
JUN JUL
MEDIAN SALES PRICE
AUG
n/a
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
11.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.200 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Vista DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$434,900
$470,000
$473,750
$493,000
13.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
95
85
42
80
-15.8%
Properties Pending Sale .......................................
91
68
89
90
-1.1%
Properties For Sale ................................................
343
267
248
269
-21.6%
Days on Market (Pending Sale) ...........................
37
38
50
36
-2.7%
Month’s Supply of Inventory ................................
3.6
3.1
5.9
3.4
-6.9%
Percent Under Contract ........................................
26.5%
25.5%
35.9%
33.5%
26.1%
Average Median Price for Last 12 Months ........
$433,783
$469,367
$475,667
$470,241
7.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$434
MAY
$493,000
JUN JUL
MEDIAN SALES PRICE
AUG
n/a
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$493 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Condominiums
Beverly Center - Miracle Mile
Santa Monica
Beverly Hills
Sherman Oaks
Brentwood
Studio City
Culver City
Venice
Encino
West Hollywood
Malibu
West LA
Marina Del Rey
Westwood - Century City
Micro Market Report : April 2016
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : April 2016
telesproperties.com
Beverly Center - Miracle Mile DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$617,500
$750,000
$589,500
$740,000
19.8%
Average Price per Square Foot ...........................
$500
$548
$523
$645
29.0%
Properties Sold .......................................................
10
11
6
5
-50.0%
Properties Pending Sale .......................................
12
9
10
3
-75.0%
Properties For Sale ................................................
34
37
29
36
5.9%
Days on Market (Pending Sale) ...........................
11
36
48
32
190.9%
Month’s Supply of Inventory ................................
3.4
3.4
4.8
7.2
111.8%
Percent Under Contract ........................................
35.3%
24.3%
34.5%
8.3%
-76.4%
Average Median Price for Last 12 Months ........
$642,433
$685,281
$665,500
$694,938
8.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$617
MAY
$740,000
JUN JUL
MEDIAN SALES PRICE
AUG
$645
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
7.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$740 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Beverly Hills DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$977,500
$1,750,000
$990,000
$1,185,000
21.2%
Average Price per Square Foot ...........................
$567
$886
$586
$672
18.5%
Properties Sold .......................................................
12
8
9
9
-25.0%
Properties Pending Sale .......................................
14
10
8
12
-14.3%
Properties For Sale ................................................
55
54
42
54
-1.8%
Days on Market (Pending Sale) ...........................
83
83
63
50
-39.8%
Month’s Supply of Inventory ................................
4.6
6.8
4.7
6
30.9%
Percent Under Contract ........................................
25.5%
18.5%
19.0%
22.2%
-12.7%
Average Median Price for Last 12 Months ........
$1,056,694
$1,149,833
$1,190,500
$1,170,500
10.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$977
MAY
$1,185,000
JUN JUL
MEDIAN SALES PRICE
AUG
$672
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.185 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Brentwood DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$789,000
$770,000
$930,000
$843,750
6.9%
Average Price per Square Foot ...........................
$565
$603
$618
$590
4.4%
Properties Sold .......................................................
23
25
19
20
-13.0%
Properties Pending Sale .......................................
23
17
19
16
-30.4%
Properties For Sale ................................................
74
81
70
53
-28.4%
Days on Market (Pending Sale) ...........................
69
39
31
53
-23.2%
Month’s Supply of Inventory ................................
3.2
3.2
3.7
2.6
-17.6%
Percent Under Contract ........................................
31.1%
21.0%
27.1%
30.2%
-2.9%
Average Median Price for Last 12 Months ........
$706,302
$859,635
$890,104
$810,178
14.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$789
MAY
$843,750
JUN JUL
MEDIAN SALES PRICE
AUG
$590
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$843 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Culver City DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$445,000
$437,500
$449,000
$475,000
6.7%
Average Price per Square Foot ...........................
$430
$446
$430
$468
8.8%
Properties Sold .......................................................
23
18
11
17
-26.1%
Properties Pending Sale .......................................
23
25
8
20
-13.0%
Properties For Sale ................................................
47
44
24
33
-29.8%
Days on Market (Pending Sale) ...........................
34
45
10
21
-38.2%
Month’s Supply of Inventory ................................
2
2.4
2.2
1.9
-5.0%
Percent Under Contract ........................................
48.9%
56.8%
33.3%
60.6%
23.8%
Average Median Price for Last 12 Months ........
$410,083
$442,167
$450,667
$444,654
8.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$445
MAY
$475,000
JUN JUL
MEDIAN SALES PRICE
AUG
$468
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$475 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Downtown DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$620,000
$605,000
$640,000
$602,000
-2.9%
Average Price per Square Foot ...........................
$623
$570
$614
$580
-6.9%
Properties Sold .......................................................
50
35
27
32
-36.0%
Properties Pending Sale .......................................
53
43
13
48
-9.4%
Properties For Sale ................................................
177
183
155
201
13.6%
Days on Market (Pending Sale) ...........................
63
59
76
56
-11.1%
Month’s Supply of Inventory ................................
3.5
5.2
5.7
6.3
77.4%
Percent Under Contract ........................................
29.9%
23.5%
8.4%
23.9%
-20.2%
Average Median Price for Last 12 Months ........
$553,146
$578,842
$588,167
$580,619
5.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$620
MAY
$602,000
JUN JUL
MEDIAN SALES PRICE
AUG
$580
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
6.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$602 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Encino DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$334,000
$343,000
$324,000
$334,000
0.0%
Average Price per Square Foot ...........................
$272
$285
$284
$283
4.0%
Properties Sold .......................................................
14
22
18
12
-14.3%
Properties Pending Sale .......................................
14
24
13
18
28.6%
Properties For Sale ................................................
31
29
18
17
-45.2%
Days on Market (Pending Sale) ...........................
75
76
69
48
-36.0%
Month’s Supply of Inventory ................................
2.2
1.3
1
1.4
-36.0%
Percent Under Contract ........................................
45.2%
82.8%
72.2%
105.9%
134.5%
Average Median Price for Last 12 Months ........
$301,250
$332,833
$338,333
$328,077
8.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$334
MAY
$334,000
JUN JUL
MEDIAN SALES PRICE
AUG
$283
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$334 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Malibu DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$640,000
$555,194
$1,360,000
$2,440,000
281.2%
Average Price per Square Foot ...........................
$416
$527
$653
$939
125.7%
Properties Sold .......................................................
1
3
1
4
300.0%
Properties Pending Sale .......................................
3
2
5
3
0.0%
Properties For Sale ................................................
29
21
19
12
-58.6%
Days on Market (Pending Sale) ...........................
62
90
154
53
-14.5%
Month’s Supply of Inventory ................................
29
7
19
3
-89.7%
Percent Under Contract ........................................
10.3%
9.5%
26.3%
25.0%
141.7%
Average Median Price for Last 12 Months ........
$964,750
$1,244,850
$1,298,750
$879,120
-8.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$640
MAY
$2,440,000
JUN JUL
MEDIAN SALES PRICE
AUG
$939
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.440 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Marina Del Rey DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$905,000
$962,000
$802,500
$857,000
-5.3%
Average Price per Square Foot ...........................
$657
$692
$664
$545
-17.0%
Properties Sold .......................................................
21
19
12
20
-4.8%
Properties Pending Sale .......................................
26
20
18
29
11.5%
Properties For Sale ................................................
109
91
73
102
-6.4%
Days on Market (Pending Sale) ...........................
110
43
95
53
-51.8%
Month’s Supply of Inventory ................................
5.2
4.8
6.1
5.1
-1.7%
Percent Under Contract ........................................
23.9%
22.0%
24.7%
28.4%
19.2%
Average Median Price for Last 12 Months ........
$846,521
$831,000
$805,333
$856,978
1.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$905
MAY
$857,000
JUN JUL
MEDIAN SALES PRICE
AUG
$545
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$857 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Santa Monica DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$1,280,000
$1,115,000
$769,500
$1,046,500
-18.2%
Average Price per Square Foot ...........................
$1,030
$834
$915
$1,182
14.8%
Properties Sold .......................................................
26
27
22
18
-30.8%
Properties Pending Sale .......................................
42
29
9
30
-28.6%
Properties For Sale ................................................
131
110
78
105
-19.8%
Days on Market (Pending Sale) ...........................
50
92
48
41
-18.0%
Month’s Supply of Inventory ................................
5
4.1
3.5
5.8
15.8%
Percent Under Contract ........................................
32.1%
26.4%
11.5%
28.6%
-10.9%
Average Median Price for Last 12 Months ........
$969,450
$927,348
$912,167
$978,564
0.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.280
APR MAY
$1,046,500
JUN JUL
MEDIAN SALES PRICE
AUG
$1,182
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.046 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Sherman Oaks DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$420,000
$464,000
$386,000
$455,000
8.3%
Average Price per Square Foot ...........................
$335
$341
$329
$360
7.5%
Properties Sold .......................................................
26
16
15
18
-30.8%
Properties Pending Sale .......................................
21
20
12
25
19.0%
Properties For Sale ................................................
30
36
25
34
13.3%
Days on Market (Pending Sale) ...........................
51
53
65
49
-3.9%
Month’s Supply of Inventory ................................
1.2
2.2
1.7
1.9
63.7%
Percent Under Contract ........................................
70.0%
55.6%
48.0%
73.5%
5.0%
Average Median Price for Last 12 Months ........
$411,083
$454,167
$491,333
$444,154
8.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$420
MAY
$455,000
JUN JUL
MEDIAN SALES PRICE
AUG
$360
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$455 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Studio City DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$547,000
$550,000
$525,000
$514,000
-6.0%
Average Price per Square Foot ...........................
$403
$399
$402
$407
1.0%
Properties Sold .......................................................
9
11
12
8
-11.1%
Properties Pending Sale .......................................
14
13
14
12
-14.3%
Properties For Sale ................................................
21
39
17
33
57.1%
Days on Market (Pending Sale) ...........................
62
68
81
60
-3.2%
Month’s Supply of Inventory ................................
2.3
3.5
1.4
4.1
76.8%
Percent Under Contract ........................................
66.7%
33.3%
82.4%
36.4%
-45.5%
Average Median Price for Last 12 Months ........
$512,417
$542,500
$567,667
$538,231
5.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$547
MAY
$514,000
JUN JUL
MEDIAN SALES PRICE
AUG
$407
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$514 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Venice DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$941,000
$1,212,500
$0
$1,280,000
36.0%
Average Price per Square Foot ...........................
$997
$696
$0
$943
-5.4%
Properties Sold .......................................................
2
6
0
1
-50.0%
Properties Pending Sale .......................................
5
2
1
3
-40.0%
Properties For Sale ................................................
19
19
16
16
-15.8%
Days on Market (Pending Sale) ...........................
104
46
28
43
-58.7%
Month’s Supply of Inventory ................................
9.5
3.2
n/a
16
68.4%
Percent Under Contract ........................................
26.3%
10.5%
6.2%
18.8%
-28.7%
Average Median Price for Last 12 Months ........
$1,059,083
$1,438,500
$1,421,667
$1,360,636
28.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$941
MAY
$1,280,000
JUN JUL
MEDIAN SALES PRICE
AUG
$943
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
16 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.280 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
West Hollywood DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$594,500
$550,000
$635,000
$687,000
15.6%
Average Price per Square Foot ...........................
$594
$585
$590
$672
13.1%
Properties Sold .......................................................
31
33
24
38
22.6%
Properties Pending Sale .......................................
47
38
19
30
-36.2%
Properties For Sale ................................................
145
119
105
123
-15.2%
Days on Market (Pending Sale) ...........................
48
37
32
40
-16.7%
Month’s Supply of Inventory ................................
4.7
3.6
4.4
3.2
-30.8%
Percent Under Contract ........................................
32.4%
31.9%
18.1%
24.4%
-24.8%
Average Median Price for Last 12 Months ........
$604,336
$661,292
$669,583
$625,519
3.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$594
MAY
$687,000
JUN JUL
MEDIAN SALES PRICE
AUG
$672
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$687 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
West LA DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$697,500
$684,444
$651,500
$850,000
21.9%
Average Price per Square Foot ...........................
$494
$504
$518
$522
5.7%
Properties Sold .......................................................
18
13
16
9
-50.0%
Properties Pending Sale .......................................
16
15
13
14
-12.5%
Properties For Sale ................................................
47
45
27
34
-27.7%
Days on Market (Pending Sale) ...........................
36
28
38
18
-50.0%
Month’s Supply of Inventory ................................
2.6
3.5
1.7
3.8
44.7%
Percent Under Contract ........................................
34.0%
33.3%
48.1%
41.2%
21.0%
Average Median Price for Last 12 Months ........
$601,009
$698,501
$759,000
$706,976
17.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$697
MAY
$850,000
JUN JUL
MEDIAN SALES PRICE
AUG
$522
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
Westwood - Century City DATA*
Apr 2015
6 month
3 month
Apr 2016
% change
Median Price ..........................................................
$747,500
$699,000
$800,000
$855,000
14.4%
Average Price per Square Foot ...........................
$651
$874
$576
$797
22.4%
Properties Sold .......................................................
58
43
31
52
-10.3%
Properties Pending Sale .......................................
60
51
38
46
-23.3%
Properties For Sale ................................................
280
271
218
237
-15.4%
Days on Market (Pending Sale) ...........................
59
59
72
71
20.3%
Month’s Supply of Inventory ................................
4.8
6.3
7
4.6
-5.6%
Percent Under Contract ........................................
21.4%
18.8%
17.4%
19.4%
-9.4%
Average Median Price for Last 12 Months ........
$756,823
$812,637
$817,107
$772,986
2.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$747
MAY
$855,000
JUN JUL
MEDIAN SALES PRICE
AUG
$797
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$855 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2016
telesproperties.com
EfďŹ cient Financial security, expert staffing, advanced technology and personalized service. Portfolio Escrow, Inc. is driven to be a leading force in the escrow industry.
> >
424.203.1841 p o r t f o l i o e s c r o w. c o m
Š 2011 Portfolio Escrow, Inc. All Rights Reserved
April 2016 | LOS ANGELES, ORANGE, SANTA BARBARA, MONTEREY, SAN DIEGO Š2016 Teles Properties, Inc. Teles Properties is a registered trademark.